301 syllabus fall 2019 web connect PDF

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Download 301 syllabus fall 2019 web connect PDF

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ACCOUNTING 301 – FALL 2019 Friday 1:00 – 3:40 pm Gornto 218 – Web Conferencing Office: Constant Hall 2149 E-Mail: [email protected]

Phone: 683-6312 Website: Blackboard

Office Hours: Tuesday – 12:00 to 1:15 pm; 2:45 to 4:00 pm Friday – 11:00 am to 12:30 pm or by appointment Required Materials: 1. Intermediate Accounting, 10th Edition, Spiceland, special edition for ODU with Connect. This course is part of the IncludED program. Course materials denoted by the IncludED logo are part of your course registration. In the event you drop this course from your schedule on or prior to the last day of DROP/ADD period, your account will be fully refunded automatically if you only received a digital textbook. If you picked up the physical textbook you will need to return the textbook to the store and your account will be refunded at that time. a. Digital Access to McGraw-Hill’s Connect is the online homework product for this course and comes with the e-book. Access is available through Blackboard. b. Loose leaf text is REQUIRED and may be picked up in the bookstore.

2. Paper, Pencils, and calculator 3. FREE student membership to AICPA and VSCPA: https://thiswaytocpa.com/program/va. 4. Course information is on the Blackboard website http://blackboard.odu.edu. The user id is your ODU email account without the @odu.edu and the password is your email password. All grades will be posted on Blackboard. Catalog Description: ACCT 301. Intermediate Accounting I - 3 Credits. This course is the gateway to the undergraduate accounting program at Old Dominion University. The course covers financial statement and managerial accounting information preparation for external and internal users in accordance with prevailing accounting standards established by recognized accounting bodies. Students who have not had ACCT 201 and ACCT 202 within two years of planning to enroll in ACCT 301 are strongly encouraged to retake these courses in preparation for ACCT 301. At the beginning of the semester, students enrolled in ACCT 301 will complete the Principles of Accountancy Competency Test on material covered in ACCT 201-202. Students must have a C or better in ACCT 301 to proceed to other upper level accounting courses. Students seeking acceptance to the Accounting Major Professional (AP) concentration, the Joint BSBA/MSA (AJ) program, or the MSA program must achieve a B- or better in ACCT 301. Prerequisites: ACCT 201 and ACCT 202 or ACCT 226 and ACCT 227, and a declared major in the University or permission of the Dean's Office. For Graduation with a BSBA Accounting Concentration In order to graduate with a major in accounting, you must have an overall 2.00 grade point average for 300-400 level ACCT courses. Since students must achieve a C or better in ACCT 301, those who do not achieve a C or better in their first attempt at ACCT 301 are encouraged to repeat the course only one time as grades from additional ACCT 301 repeats are factored into the

major grade point average. Also, students must complete all upper division accounting courses (other than ACCT 301) with a grade of C- or better in order to graduate. Finally, a comprehensive assessment exam is given in ACCT 460 that covers the material from ACCT 301, 302, 311, 421 and 460. This exam is one of four tests factored into your ACCT 460 grade, and it is suggested that, at the least, you keep your notes from these classes as study materials. Course Objectives: (1) To further development of logical and analytical reasoning in order to facilitate applying the accounting concepts and procedures in practice; (2) To present some background on the ethical and professional judgment that will be required when choosing between alternative methods of measuring routine and nonroutine business transactions associated with income measurement and the reporting of financial positions; (3) To achieve an awareness of the ever changing nature of accounting and the business environment; (4) To develop an awareness of the disclosure requirements associated with financial reporting; (5) To provide meaningful information to support management decision making; and (6) To acquire an understanding of financial accounting in the following areas: Accounting Cycle Time Value of Money Cash and Accounts Receivable Inventories

Structure of Financial Accounting Financial Statement Preparatio n Revenue Recognition Property, Plant and Equipment

Course Specific Learning Goals: After completing this course students will be able to: 1. (Ethics) Recognize and analyze ethical dilemmas and select a resolution for practical accounting situations. 2. (Analytical Problem Solving) a. Apply concepts related to the production and distribution of goods and services b. Use financial analysis in making business decisions. 3. (Accounting and Business Knowledge) a. Identify and solve accounting issues in financial and management accounting b. Apply basic business principles to accounting related problems.

GRADING STRUCTURE:

Exams (250 points each) Final Exam Quizzes/Homework TOTAL

GRADING SCALE

A => B+ => C+ => D+ =>

930 points 870 770 670

A- => B => C => D =>

500 Points 300 Points 200 Points 1,000 Points

50% 30% 20%

900 830 B- => 800 730 C- => 700 600 F < 600

Note: A grade of “I” indicates assigned work yet to be completed in a given course, or absence from the final examination and is assigned only upon instructor approval of a student request.

The “I” grade can be given only in exceptional circumstances beyond the student’s control, such as illness. In these cases, the student is responsible for notifying the faculty member. The “I” grade becomes an “F” if not removed by the last day of classes of the following term (excluding the exam period) according to the following schedule: “I” grades from the fall semester become “F”, if not removed by the last day of classes of the spring semester; “I” grades from the spring and the summer session become “F” if not removed by the last day of classes of the fall semester. An “I” grade may not be changed to a “W” under any circumstances. Required Equipment: If you are taking this course via web conferencing, be sure that your configuration meets the systems requirements as shown on the ODU Distance Learning website located at http://www.odu.edu/academics/student-computing/guidelines and has been properly tested before the start of class. A headset is required for this class. Exams: Since this is a web-conferencing class, all exams will be given online. Accordingly, you will need to arrange for your exams to be proctored using ProctorU. ProctorU is an online proctoring service for online exams available through Blackboard. With ProctorU, you will take your exam from any location where you have a computer with a webcam and high speed internet service. Currently, the cost of the proctoring sessions is paid by ODU (excluding any late fees you may incur). Instructions for making arrangements using ProctorU is shown in Blackboard and in the ProctorU Student Information section of the ODU Distance Learning website, which can be found at https://online.odu.edu/coursework/proctoru. There are three exams scheduled during the semester. The first two exams will cover the current topic areas. The final will be a comprehensive exam. Exams will consist of multiple-choice questions and problems. The exams will only be given on the dates scheduled in this syllabus. There will be no makeup tests or early tests given. Use of a cell phone during an exam for any reason will be treated as an honor code violation. Assigned Homework and Quizzes: Most homework assignments and quizzes will be done online using the Connect system provided by McGraw–Hill, your textbook publisher. If you purchased a new 10th edition of your text through the ODU book store, Connect has been bundled with your text and you can register for Connect for no additional charge. Use the following instructions to access Connect: Student Registration for Connect through Blackboard

1. 2. 3. 4. 5. 6. 7.

Sign into your school's Blackboard. Go to your instructor's course. Go to the "Tools" menu. Click on the "McGraw-Hill Education" link. Below "My Connect Section", click Go to My Connect Section. Follow the on-screen instructions to register. Please note that ALL students must be registered for Connect, it is the only way you can submit your homework and quizzes.

Assigned Homework: The link to access Connect can be found in the Connect Assignments tab on blackboard. Make sure that you submit the homework before the due date and time to prevent any reduction in grade. Failure to complete HW by the due date will result in the loss of 2 points

for each assignment not submitted. Quizzes: Quizzes will be taken on Connect, The quizzes on Connect are open book, but not open to collaboration from other people. (See Important Note below.) Homework and quiz due dates will be posted on Blackboard and Connect. All assignments and quizzes must be completed on the date specified on Blackboard and Connect; and no points will be given for work after the due date. Learnsmart: The Learnsmart assignments are also on Connect; each assignment is worth 2 points and is due before the respective chapter is discussed. Important note: Once you click the “Submit” button, your grade for the assignment or quiz will be assigned at that time. If you have to stop during the assignment or quiz, hit “Save and Exit” After you click this button, any work done on this page will be saved and you will be returned to the home page/assignment list. Course Presentation: The course will consist of lectures, problem solving and case discussions. Final Grade: Final grades for this course will be determined using the grading scale and structure described above. Final grades are not subject to negotiation. However, any questions regarding the final grade will be answered. Competency Expectations: Accounting Competence - it is assumed that the topics presented in Accounting 201and 202 have been mastered. Computer Competence – you should have the ability to: (1) Send and receive email and to attach and detach files; (2) Move around on the web; (3) Work with word processing and spreadsheet software. (4) Access Blackboard and Connect, download, use and print computer files Attendance: This is a Web-Connect class that requires you to be on-line during scheduled class times. It is not asynchronous where you can “attend” the class at any time. Accounting Department policy requires regular classroom attendance for all students. Students are allowed two undocumented class absences; and a class (2 hours 40 minutes) is considered the equivalent of two absences. Therefore, a student may miss one entire class without documentation or miss onehalf of two classes without documentation. Documentation includes a doctor’s note, notes from employers on their letterhead, police reports, jury summons, and the like. Documentation of an absence must be presented within one week of the absence (or your return to class), or the absence will be considered undocumented. If you are sick or in the hospital and will be absent for an extended period of time, you should have someone contact me (or the student ombudsperson (http://studentaffairs.odu.edu/sos/FAQ.shtml ) so I will know you are still in the class. Each undocumented absence after two will result in a reduction of your total points for grading by 50 points (5%). Accordingly, if you miss a full class a 100-point (10%) deduction will be assessed.

Class Participation: Course grades are not only based on assignments and exams, but also general participation and topical discussion during class periods. As discussions cannot be reproduced, many times absences cannot truly be made up. Excessive absences, therefore, have a negative effect on the student’s learning and performance. Students are responsible for all class work, and a student who misses a class is expected to have the initiative necessary to cover properly the material missed. Class time will not be used to re-address topics a student has missed due to absence. Students must meet all course deadlines and be present for all quizzes, tests, and examinations. Special Needs: In compliance with PL94-142 and more recent federal legislation affirming the rights of disabled individuals, provisions will be made for students with special needs on an individual basis. Provision will be made based upon written guidelines from the university "special needs students" resource office. All students are expected to fulfill all course requirements. Student Accommodation: Students are encouraged to self-disclose disabilities that have been verified by the Office of Educational Accessibility by providing Accommodation Letters to the instructor early in the semester in order to start receiving accommodations. Accommodations will not be made until the Accommodation Letters are provided to instructors each semester. You may find more information regarding this at: https://www.odu.edu/educationalaccessibility. Student Responsibilities/Course Expectations: This is a very challenging class; therefore, it is important that you are prepared to work at the learning experience. You are expected to read the chapters, practice the topics (attempting the questions, exercises, and problems suggested), turn in all assignments, and complete all of the quizzes. If you have not prepared for class or completed your assignments, do not waste valuable class time of those who have by asking questions based on your lack of preparation. Study Suggestions: First, you should read a chapter before it is discussed in class. After a chapter is covered, you should re-read the material and complete the assigned problems. Only after this has been done, should you attempt to complete the online quiz. Missing or Disputed Grades: Students should frequently check grades posted on Blackboard. Missing or disputed grades should be reported as soon as possible, but in no case later than 72 hours after grades are posted on Blackboard. Otherwise, the grade will be permanent. Calculators: Basic four function calculators may be used on exams and all class problems. No sharing of calculators is allowed. Calculators that can store equations and/or text or communicate to anyone or anything at any time are not allowed. Cell phones are not allowed to be used as calculators or to be out during tests. Use of a cell phone during an exam for any reason will be treated as an honor code violation. Tutoring: Information regarding tutoring can be found at: https://www.odu.edu/success/academic/tutoring. Disruptive Behavior: Disruptive behavior by students of any kind will not be tolerated. Students who violate the Code of Student Conduct standards listed below will be asked to leave and their actions will be reported to the appropriate personnel. These standards are intended to define acceptable classroom behavior that preserves academic integrity and ensures that students have optimum environmental conditions for effective

learning: 1. Students must turn off cell phones during class or have them set to vibrate mode. 2. Classes are expected to begin on time, and students will respect the time boundaries established by the professor. If classroom doors are locked, students may not knock or seek entrance in other ways. 3. Students should notify instructors in advance when a class will be missed. In the event of an emergency that causes a class to be missed, instructors must be notified as soon as possible. 4. Cell phones and other electronic devices must be left off the desks during tests or examinations. 5. Students must not engage in extraneous conversations during classes. Such acts are considered to be violations of the Code of Student Conduct. 6. Students will activate their Old Dominion e-mail accounts and check them before each class. If the student chooses to have his/her messages forwarded to another account, it is the student’s responsibility to take the necessary steps to have them forwarded. 7. Consumption of food and drink during class is prohibited, except when the professor has specifically approved of such acts. 8. Offensive language, gestures and the like are disrespectful and disruptive to the teachinglearning process. Arriving Late and Leaving Early (Gornto Students): Coming in late may be treated as disruptive behavior. In addition, if you come to class, plan to stay the full time. If you need to leave early, please let me know in advance. Withdrawal: A syllabus constitutes a contract between the student and the course instructor. Participation in this course indicates your acceptance of its content, requirements and policies. Please review the syllabus and the course requirements as soon as possible. If you believe that the nature of this course does not meet your interests, needs or expectations (amount of work involved, class meetings, assignment deadlines, course policies, etc.), you should drop the class by the drop/add deadline, which is located in the ODU Schedule of Classes. Course Disclaimer: Every attempt is made to provide a syllabus that is complete and that provides an accurate overview of the course. However, circumstances and events may make it necessary for the instructor to modify the syllabus during the semester. This may depend, in part, on the progress, needs, and experiences of the students. Academic Honesty: Academic honesty is expected in all areas of the course: exams, cases, and quizzes. Cheating will not be tolerated and violators will be punished to the maximum extent allowed under university guidelines. Use of an exam test bank, solutions manuals, instructor course materials, and other such items, whether electronic or paper, is explicitly prohibited under the Code of Student Conduct unless a faculty member states you may use such items. This includes purchasing test banks and solutions manuals for the course textbook, memorizing those items, and then taking the test, or using such items to complete a homework assignment.

Any student who is caught using any such items will be reported for an honor code violation and will receive an “F” for the course. Additionally, if you use your tablet or smart phone to access electronic information during a test, said item will be confiscated and used as evidence for the honors hearing. About Plagiarism What is it? The Old Dominion University Student Code of Conduct defines plagiarism as follows: Using someone else's language, ideas, or other original material without acknowledging its source in any academic exercise. Examples of plagiarism include, but are not limited to, the following: submitting a research paper obtained from a commercial research service, the Internet, or from another student as if it were original work; or making simple changes to borrowed materials while leaving the organization, content, or phraseology intact. Plagiarism also occurs in a group project if one or more of the members of the group does none of the group's work and participates in none of the group's activities, but attempts to take credit for the work of the group. Hints for Avoiding Plagiarism:  More than three words is plagiarism. This is a good yardstick to use when wondering whether or not quotes are appropriate. They are, if you are copying more than three words in sequence.  One source is not “common knowledge.” Common knowledge does not require citation. But something is not common knowledge if you have found just one source for the information.  When in doubt, cite! If you have any doubt about whether or not to cite a source, err on the side of making the attribution.  If your co-author sounds surprisingly eloquent make sure the contribution is their own. We often work in groups and co-author papers and projects. You should ask the question of your co-author if you doubt the work is their own. In group work, you are responsible for the project/paper in its entirety.  Look away. When you are writing, do not have open books or papers in front of you as you type. Read your sources, and then put what you have read into your own words.  Writing is hard work. Paraphrasing is relatively...