Acct 301 syllabus_summer2011.doc [compatibility mode]


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Acct 301 syllabus_summer2011.doc [compatibility mode]

  1. 1. ACCT 301: FINANCIAL ACCOUNTING & MANAGERIAL DECISION MAKING SYLLABUS Summer 2010 Session AInstructor:K.Roberts, CPA Email: krobertl@gmu.eduClass Time: TR 7-10:05 PM Class Location: Sci Tech I room 122Office: Enterprise Hall, Room 50 Office Hours: Upon RequestCourse Pre-RequisitesACCT 203 or equivalentText and Required MaterialsFinancial Accounting, Harrison, Hongren & Thomas, 8th Edition, Prentice-Hall Pearson, 2010.Scantron Form 882-E (please bring this to every class)Course DescriptionThis summer class is intense and accelerated. As such, please consider this before deciding tocontinue with this course. The course examines financial accounting from the viewpoint ofpreparers and users of financial statements, including using financial statement information to makefinancing, operating and investing decisions for the firm.Course Objectives 1. To be able to understand the underlying economics of identified business events and transactions, record them in terms of Generally Accepted Accounting Principles and present recorded events in the form of various financial statements, including balance sheet, income statement, statement of changes in equity, and statement of cash flows. 2. To be able to identify the relevant operating, investing and financing transactions of a firm and use financial statements data to make decisions and draw inferences about the underlying economic performance of the firm.Approach to LearningThe course utilizes the Socratic methold of teaching which incorporates a mixture of lecture andclass discussions. Students are expected to read the assigned chapters in advance of class.Student participation in class discussions is strongly encouraged and expected.Page 1 of 4
  2. 2. Student ResponsibilitiesYou are expected to attend all classes and to participate fully. Reading and homeworkassignments are expected to be completed before coming to class. You areresponsible for any material covered during an absence, even if it was supplementary material andnot in the textbook. When a class is canceled, scheduled assignments or tests are re-scheduled forthe next time the class meets. Students are required to regularly check Blackboard for updates andannouncements.If you miss the lecture, the class handouts will not be given in the next class or sent by email. Assuch, it is imperative that you know your classmates, so that you can ask them about any handoutsthat you missed.ProfessionalismYou are expected to behave in a professional manner in the classroom. As a result, during class youshould turn off all cell phones, blackberry, and other electronic devices. You are expected tobehave courteously and politely towards other students and the instructor. Disciplinary action willbe taken against a student who disrupts the class environment or by walking in or out of classduring lectures without prior arrangement.GradingLetter grades will be assigned based on total points earned by students completing all courserequirements as follows: Item Percentage of Grade Exam 1 25 Exam 2 25 Exam 3 50 Total 100The final grade will be based on the following scale. The instructor may curve the final grades orgive plusses and minuses depending on the performance and participation of the class as a whole. Grade % Earned A 90 -100 B 80 – 89 C 70 – 79 D 60 – 69 F Below 60ExamsAll exams will be given in class on the days specified in the class schedule and will consists ofmultiple choice questions and/or problems. You must present your GMU student identification card at each examination. Students without identification cards are not allowed to take the examination. You must have a #2 pencil. You must bring a Scantron Form 882-E (green) answer sheet to each exam. You may use a basic, 4 function calculator if you wish. Students found using a any other calculator (this includes graphics calculators) will be in violation of the honor code, and will receive a “Zero” on the exam.Page 2 of 4
  3. 3. Exam MaterialFailure to return the exam to the instructor, both after it is completed and after its distribution inclass, is considered an act of academic dishonesty and a violation of the Honor Code. Failure toreturn the exam will result in a grade of “zero” being awarded for the exam and the student beingreported to the Honor Code Committee.Make Up ExamsYou are expected to be present for all examinations.Honor Code StatementThis class has a “Zero Tolerance” policy for any Honor Code violations. You are expected tounderstand and follow the Honor Code as mentioned in the University Catalogue. The hallmarks ofthe accounting profession are integrity, objectivity, and independence. Cheating in this class willresult in a grade of “F” in the exam and your name being referred to the Honor Code Committee foradditional sanctions (this includes being prevented from graduating or possible expulsion from theschool).Students with DisabilitiesIf you have a diagnosed learning disorder or disability, please contact the Office of DisabilityServices (ODS) at 703-993-2474 and register with them. If you need special consideration, pleasesee me after the first class.Page 3 of 4
  4. 4. Course ScheduleThe schedule for the course is given below. Please note that this schedule may be changed at thediscretion of the instructor during the term. Class Date Topics 1 T 5/24 Ch 1: Financial Statements 2 R 5/26 Ch 2: Transaction Analysis 3 T 5/31 Ch 3: Accrual Accounting and Income Determination 4 R 6/2 EXAM 1 5 S 6/4 Ch 12: Statement of Cash Flow 6 T 6/7 4: Internal Controls and Cash 7 R 6/9 Ch 5: Short-Term Investments and Inventory 8 S 6/11 Ch 6: Inventory and Cost of Goods Sold 9 T 6/14 EXAM 2 10 R 6/16 Ch 7: Property Plant and Equipment 11 S 6/18 Ch 8: Liabilities 12 T 6/21 Ch 9: Stockholders’ Equity Time Value of Money 13 R 6/23 Exam 3: Comprehensive FinalPage 4 of 4