1. Michael Fujita Fall 2001
Analyzing and Interpreting Financial Statements
Instructor: Michael Fujita Web Page www.ilearnACC.com
Office BE-208 E-mail firstname.lastname@example.org
An introduction to the preparation of financial statements for entrepreneurs. This course is
designed to help current and future business owners develop and interpret financial
statements. The course is especially designed for those who have little or no accounting
• ACC 197B or ACC 100B
• Bus 155 or Math 1B
• ENG 21 or ENG 22
When offered as an Internet course, students registered in this course must have adequate
Internet skills. “Adequate Internet skills” include but are not limited to the ability to:
• Access the Internet
• Access specific Internet sites
• Send and receive electronic mail with attachments
• Login to a site requiring a User ID and password
• Setup a myWebCT account
Upon successful completion of this course, the student will be able to:
• Identify account categories and titles found in a balance sheet.
• Identify the elements of an income statement.
• Describe the parts of the statement of cash flows.
• Make decisions based on the financial statement data.
1. .Accounting What the Numbers Mean, 5e, by David H. Marshall, Wayne W.
McManus and Daniel F. Viele. ISBN 0-07-237900-6
2. Student Study Resource included with textbook.
3. Calculator, straight edge, #2 pencils, eraser
2. Michael Fujita Fall 2001
The final grade will be determined as follows:
Activity Points Percentage Grading Scale
Exams (2x250) 500 50% 900..................A
Quizzes (5x50) 250 25% 800..................B
Projects (5x50) 250 25% 700..................C
Total 1,000 100% Below 600..................F
3. Michael Fujita Fall 2001
1. WebCT. All information will be presented over the Internet via WebCT. You must setup a myWebCT
account to access the course material (see attached instructions). If you need assistance setting up your
account, please call me or contact the LCC Educational Media Center at 455-0222.
2. Exams. All exams must be taken online via WebCT by the exam due date.
• The due dates will be posted in the WebCT calendar.
• Exams will be available for approximately one week.
• You must complete all quizzes prior to taking the exam.
• You will be allowed two attempts at each exam and only the highest score will be graded.
• If you cannot take the exam by the due date, make arrangements with the instructor prior to the exam
date. Anyone missing the exam date without prior notification will be penalized 20 points per day.
3. Quizzes. All quizzes will be taken online at the students’ convenience. The quizzes are available at the
textbook’s web site. After completing the quiz, the results must be emailed to the instructor.
4. Homework procedure: Homework will be turned in via WebCT’s drop-box. The assignment that is being
collected will be posted in the drop-box (the assignments icon in the student tools section). along with its
due date. The student is expected to do all of their homework according to schedule and correct their
homework with the solutions posted in the Student Tools section or included in the student guide. The
importance of doing homework cannot be overemphasized in accounting; much of the learning comes
5. Chats. Chats will be held Tuesday & Thursday nights at 8:30 P.M. This is your opportunity to ask
• You should read the scheduled chapter before attending the chat session.
• The instructor will not present lectures at this time unless it is deemed necessary.
• Students who are unable to attend the chat sessions may read the chat logs found in the Student
• The chat logs will be cleared every Wednesday night just before the chat sessions begin.
6. Email. Students are required to sign up for the ACC 100 email list (see instructions at
http://alaike.lcc.hawaii.edu/fujita). Information will be distributed through the list. Information may also be
sent via WebCT’s private mail.
7. The last day for students to withdraw is November 13. If you have less than 300 points on this date,
please see the instructor to examine your options. The instructor will not automatically drop students after
two absences; you must initiate all drops and process the forms. If you do not, you will receive an “F” for
8. Academic honesty: No student may give or receive help from another during examinations, quizzes, or
other graded work; may not hand in, or cause to be handed in another's work as his/her own, nor engage
in plagiarism. Failure to adhere to these standards may result in the receipt of the grade of "F" for the
assignment and/or the course.
9. If you are having difficulty, get help as soon as possible! (Not being able to understand the homework
before class means you are having difficulty!)
10. Since learning is sequential in accounting, you cannot afford to fall behind. A lot of help is available but
you must seek it.
a. Tutors are available at the Learning Resource Center.
b. Even if you are behind, do not miss the next class.
c. Form study groups or talk to your classmates for help.
d. Take advantage of the instructor's office hours or call for an appointment if you cannot meet at
posted hours. Ask for special methods on studying accounting.
Maximum learning will take place if you are an active participant in the class (i.e. completing the reading and
homework assignments on time, and discussing and questioning the work covered). ALSO, ALLOTTING ENOUGH
4. Michael Fujita Fall 2001
TIME FOR STUDY IS CRUCIAL TO YOUR SUCCESS. Six (6) hours per week OUTSIDE of class is the MINIMUM
required study time for this class.