Syllabus for ACCT 229 - 2022 PDF

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Syllabus for ACCT 229 for 2022 Spring Semester. It should have most dates down and things you should study to help with tests as well as future assignments and grade structure to be ahead of the class....

Description

Syllabus – Spring 2022 ACCT 229 – Introductory Financial Accounting Course Information Sectio n 501 502 503

Class Time M/W 12:45 PM - 2:00 PM M/W 2:20 PM - 3:35 PM M/W 3:55 PM -5:10 PM

Room WCBA 105 WCBA 105 WCBA 105

Final Exam Schedule Fri, May 6 10:30 AM - 12:30 PM Mon, May 9 3:30 PM - 5:30 PM Fri, May 6 3:30 PM - 5:30 PM

Credit Hrs 3 3 3

Instructor Details Instructor: Office: E-Mail: Office Hours:

Jeannie Barret Wehner 460Q Phone: 979-845-7585 [email protected] Virtual: Tuesday 2:00 PM - 4:00 PM Wednesday 10:30 AM – 12:00 PM Or by appt.

Course Description The primary objective of this course is to help students learn how accounting meets the information needs of various users by developing and communicating information that is useful for decision-making.

Course Prerequisites None

Course Learning Outcomes At the end of the semester, you will understand 

Describe how accounting meets the informational needs of investors and creditors.



Explain how a business operates and how accounting serves that business.



Compare and contrast the elements of, relationships among, and underlying concepts of the primary financial statements.



Describe how business transactions are input, processed by an accounting system, and prepared to produce financial statements.



Summarize the uses and limitations of financial statements as well as the related information in making business financial decisions.



Analyze business transactions using the conceptual framework and prepare the proper journal entries to recognize accounting events.



Apply theory to develop a critical thinking approach to accounting problems.

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Syllabus – Spring 2022 

Explain that there are differences between U.S. and international accounting standards.

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Syllabus – Spring 2022

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Syllabus – Spring 2022

Textbook and/or Resource Materials 

Financial Accounting, 5th Ed. Rich/Jones/Myers To enhance your learning experience and provide affordable access to the right course materials, this course is part of a Texas A&M First Day Pilot program that provides inclusive access to course materials. You can easily access the required materials for this course at a discounted price, and you will benefit from single sign- on access with no codes required in Canvas.

Your Texas A&M University student account was billed for these materials at the time of registration and the price is guaranteed to be the lowest cost available for your required materials. It is NOT recommended that you opt-out of these materials, as they are required to complete the course. You may choose to opt-out prior to Census Date, but you will then be responsible for purchasing your course materials at the full retail price and access to your materials may be suspended. The opt-out process would be for students who already have an access code because they are repeating the course or already purchased materials.

Please follow the instructions in Canvas Modules to access your discounted e-book on the first day of class (module is labeled "First Day Resources -eBook Access"). You must use a valid email address when registering for a Cengage account. It is recommended to use your school email address since you will need to access it to verify your Cengage account.



A basic four-function calculator for all exams. NO cell phones, programmable calculators, or PDAs will be allowed for exams.

Grading Policy Examinations (3 at 100 points each)………………………..……………..……… 300 pts. Quizzes – (best 7 count – 10 pts each)…………………..………………………. 70 pts. Group Project – A practice problem in Accounting.…………………………. 30 pts. Final Examination (Comprehensive)……………………………………………….. 100 pts. Total Points Available …………………………………………………………………. 500 pts.

Course Grade -Your course grade is determined based on total points: A B C D F

450 – 500 points 400 – 449 points 350 – 399 points 300 – 349 points 0 – 299 points

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Syllabus – Spring 2022 Exams – The exams will consist of calculations, conceptual and essay type questions. Exam formats will include multiple choice questions and longer problems requiring development, analysis, and presentation of comprehensive solutions. Questions from chapter assignments, quizzes, and the practice problem may be included on exams. The comprehensive final exam may be completely multiple choice. Final exams will be given at the dates and time published in the student directory of classes. While memorization is basic to learning, your ability to analyze and formulate a problem-solving approach will be necessary for you to do well on the exams. My lectures are intended to supplement the assigned reading. Suggested exercises and problems are intended to provide examples that should allow you to develop your working skills, but they cannot represent all the problem situations you may encounter on exams. All students should bring a basic 4 function calculator to all examinations.

Exam Schedule Exam Exam 1 Exam 2 Exam 3 Final

Material Ch. 1-3 Ch. 4-7 Ch. 8-10 Ch. 1-11

Location WCBA 113 WCBA 113 WCBA 113 WCBA 105

Time 7:15 – 9:15 pm 7:15 – 9:15 pm 7:15 – 9:15 pm

Date Tues., Feb. 22 Tues., Mar. 29 Tues., Apr. 26

See schedule on page 1 of syllabus

See schedule on page 1 of syllabus

Points 100 pts 100 pts 100 pts 100 pts

Exam Makeup Policy – If an absence is excused, the student will be allowed make up exams according to the schedule below. To be excused, the student must notify me in writing (acknowledged e-mail message is acceptable) prior to the date of absence, and provide appropriate documentation for the absence. In cases where advance notification is not feasible (e.g. accident or emergency) the student must provide notification by the end of the second working day after the absence, including an explanation of why notice could not be sent prior to the class. The reasons absences are considered excused by the university are listed in Student Rule 7. Please see Student Rule 7 for details (htp://student-rules.tamu.edu/rule7.htm). The fact that these are university-excused absences does not relieve the student of responsibility for prior notification and documentation. Failure to notify and/or document properly may result in an unexcused absence. Falsification of documentation is a violation of the Honor Code.

Make up Exam Schedule Exam

Material

Location

Time

Date

Points

Exam 1 Exam 2 Exam 3

Ch. 1-3 Ch. 4-7 Ch. 8-10

WCBA 114 WCBA 114 WCBA 114

3:00 – 5:00 PM 3:00 – 5:00 PM 3:00 – 5:00 PM

Fri., Mar. 4 Fri., Apr.8 Fri., Apr. 29

100 pts 100 pts 100 pts

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Syllabus – Spring 2022

Quizzes - There will be a total of 10 quizzes given during the semester. Each quiz will be worth 10 points. The best 7 out of 10 quizzes will count towards your final grade. No late quizzes are accepted. If you cannot turn in a quiz at the scheduled time, that quiz will automatically be one of the quiz grades you drop. Quizzes are used as a “learning experience” to help reinforce those skills necessary to do well on the exams! They are designed to be challenging and they are an indicator of the rigor of the upcoming exam questions. Quizzes are administered on Canvas and you receive 2 chances to complete the quiz. Students may work together, use their notes or any other resources provided by their professors, the supplemental instructors or the provided help desk to answer these quizzes. No other unauthorized outside sources are to be used.

Group Project - A Practice Problem in Accounting – the Accounting Cycle. At the beginning of Chapter 3 you will be asked to form groups consisting of 4-5 students. Student’s contributions to the completion of the problem will be evaluated by fellow group members. Anyone not actively participating in the project WITH YOUR ASSIGNED GROUP will receive a zero on the assignment. The project will consist of recording, classifying, and reporting transactions for a company that represent one month’s worth of business transactions. You will then use this information to prepare the company’s financial statements. This project will be completed in an EXCEL format, and no two groups file will be the same. GROUPS MAY NOT WORK TOGETHER AND SHOULD NOT SHARE FILES!!! At the completion of the project, each group member will INDIVIDUALLY take quizzes covering the group project. An electronic version of the project will also be turned in. In addition, the evaluation of each member of the group will be taken into consideration when determining any deductions from the individual quiz grade. The project will be due IN CLASS on WEDS, Mar. 2. Instructions regarding submission of project will be given when the project is presented to you in class.

Late Work Policy No late quizzes or projects are accepted.

Canvas Canvas will be used for this class. All class items (notes, hard copies of quizzes, actual quizzes, any supplemental information) will be uploaded to Canvas. I will also make announcements to the entire section through Canvas. Please check Canvas each day for any announcements pertaining to our class.

Help Desk The help desk is located on the 4th floor, near Stairway A, and is staffed by undergraduate and graduate students with expertise in financial accounting. I encourage you to utilize them as a valuable resource that will add to your learning experience throughout the semester. The help desk cannot, however, become a substitute for class atendance and diligent work on your own. Please use this resource efficiently and remember to be considerate of other students waiting for help. The help desk hours for this semester are as follows: Mon – Thurs 9:00 am – 4:30 pm

Friday 9:00 am– 2:00 pm

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Syllabus – Spring 2022

Course Schedule and Recommended Homework Each chapter is broken into modules with review questions and application exercises at the end of each module. These are great practice. The following table describes the order of material and recommended homework for each chapter. The answers to these questions and application exercises are already loaded onto Canvas. Each chapter will take approximately 1 – 1 ½ weeks of class time to cover.

CH 1

2

3

4

5

6

RECOMMENDED HOMEWORK (Solution are posted on Canvas) Discussion Questions : 1, 4,5,6,7,8,10,11,13,14,15,16,18,19,20 Accounting and the Financial MC Questions: 1,3,5,7,8,9,10,11 Statements Brief Exercises: 16 (parts 1&2),17,18,19,21,22,23 Exercises: 30,36,37,39,43 (part 2),44,47 Problems: 50A,51A,56A,58A,61A Discussion Questions : 4,6,7,9,11,12,13,16,17,18,20 The Accounting Information System MC Questions: 5,6,7,8,9,10,11,12,15 Brief Exercises: 16, 19(omit b.)20,21,22,23,24,25,26 Exercises: 27,28,32,41,44 Problems: 49A,53A,54A Discussion Questions : 1,2,3,6,9,10,11,12,14,15,16,17 Accrual Accounting MC Questions: 1-11 Brief Exercises: 15,16,17,19,20,21,22,23 Exercises: 31,32 (part 1),33,37,38,39,42,44,46,51 Problems: 57A,61A,62A EXAM 1: CHAPTER 1-3 Discussion Questions : 8,11,12,13,15,18,19,20 Internal Control and Cash MC Questions: 3,8,9,10,11, Brief Exercises: 18,20,21,22 Exercises: 35,37,38 Problems: 51A Discussion Questions : 1,4,5,9,10,11,12,13,16 Sales and Receivables MC Questions: 1,2,3,4,9,10,11,12,13,14,18,19 Brief Exercises: 27,29,30,31,35 Exercises: 49,52,55 Problems: 67A,68A Discussion Questions : 6,10,11,12,13,14,15,16,17,18,21 Cost of Goods Sold and Inventory MC Questions: 1,3,6,7,9,10,11 Brief Exercises: 19,23,24,26,27,29 Exercises: 36,40,48 (omit average cost method) Problems: 61A,63A (omit part 3),65A TOPICS

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Syllabus – Spring 2022 Discussion Questions : 2,3,5,6,7,8,11,13,15,16 MC Questions: 1,2,3,4,5,6,7,8,9,10,11,13,14 Brief Exercises: 18,19,21,22,23,24,25,27 Exercises: 34,36,39,41,43,45,47,52,58 Problems: 69A EXAM 2: CHAPTER 4-7

7

Operating Assets

8

Current and Contingent Liabilities

9

Long-Term Liabilities

10

Stockholders’ Equity

11

Discussion Questions : 1,4,6,8,11,14,15,16,17 MC Questions: 3,4,5,11,12,14,15,16,18 Brief Exercises: 21,27,41 Exercises: 50,55 Problems: 60A,63A Discussion Questions : 1,3,4,5,6,7,8,9,13,14,18 MC Questions: 1,2,3,4,5,6,9,10,11,13,15 Brief Exercises: 23,26,31,32,35,36,42 Exercises: 44,58,59,60,63,68 Problems: 73A,74A Discussion Questions : 1,3,5,6,8,11,12,13,18,20,22,24,25,26,28,29 MC Questions: 2,3,4,5,8,10,11,15,16,18,20 Brief Exercises: 27,31,32,33,35(part 1),36,38 Exercises: 43,44,45,47,50,53,55 (part1),60,61 (part 1) Problems: 67A EXAM 3: CHAPTER 8-10

The Statement of Cash Flows

Discussion Questions : 1,4,5,10 (omit depletion),12,14,15 MC Questions: 4,7,8,9,10 Brief Exercises: 17,18,19 Exercises: 28,31,33 Problems: 45A,48A COMPREHENSIVE FINAL EXAM (CH 1-11)

Taped Lectures and Written Materials Given the unique situation, from time to time a pre-recorded lecture may be released in lieu of (or possibly in addition) to class. In addition, I may record class sessions. Class recordings may capture students’ verbal questions or responses from class. All videos and writen materials (syllabus, exams, homework problems, in-class materials, notes, review materials, and additional problem sets) are considered my intellectual property and copyrighted. Because these materials are copyrighted, unless I expressly grant you permission, you do not have the right to copy or distributed any taped or writen materials to ANYONE. Violations of this policy will be handled appropriately.

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Syllabus – Spring 2022 Attendance Policy The university views class atendance and participation as an individual student responsibility. Students are expected to atend class and to complete all assignments. Please refer to Student Rule 7 in its entirety for information about excused absences, including definitions, and related documentation and timelines.

Makeup Work Policy Students will be excused from atending class on the day of a graded activity or when atendance contributes to a student’s grade, for the reasons stated in Student Rule 7, or other reason deemed appropriate by the instructor. Please refer to Student Rule 7 in its entirety for information about makeup work, including definitions, and related documentation and timelines. Absences related to Title IX of the Education Amendments of 1972 may necessitate a period of more than 30 days for make-up work, and the timeframe for make-up work should be agreed upon by the student and instructor” (Student Rule 7, Section 7.4.1). “The instructor is under no obligation to provide an opportunity for the student to make up work missed because of an unexcused absence” (Student Rule 7, Section 7.4.2). Students who request an excused absence are expected to uphold the Aggie Honor Code and Student Conduct Code. (See Student Rule 24.)

Academic Integrity Statement and Policy “An Aggie does not lie, cheat or steal, or tolerate those who do.” “Texas A&M University students are responsible for authenticating all work submited to an instructor. If asked, students must be able to produce proof that the item submited is indeed the work of that student. Students must keep appropriate records at all times. The inability to authenticate one’s work, should the instructor request it, may be sufficient grounds to initiate an academic misconduct case” (Section 20.1.2.3, Student Rule 20). You can learn more about the Aggie Honor System Office Rules and Procedures, academic integrity, and your rights and responsibilities at aggiehonor.tamu.edu.

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Syllabus – Spring 2022 Americans with Disabilities Act (ADA) Policy Texas A&M University is commited to providing equitable access to learning opportunities for all students. If you experience barriers to your education due to a disability or think you may have a disability, please contact Disability Resources in the Student Services Building or at (979) 845-1637 or visit disability.tamu.edu. Disabilities may include, but are not limited to atentional, learning, mental health, sensory, physical, or chronic health conditions. All students are encouraged to discuss their disability related needs with Disability Resources and their instructors as soon as possible.

Title IX and Statement on Limits to Confidentiality Texas A&M University is commited to fostering a learning environment that is safe and productive for all. University policies and federal and state laws prohibit gender-based discrimination and sexual harassment, including sexual assault, sexual exploitation, domestic violence, dating violence, and stalking. With the exception of some medical and mental health providers, all university employees (including full and part-time faculty, staff, paid graduate assistants, student workers, etc.) are Mandatory Reporters and must report to the Title IX Office if the employee experiences, observes, or becomes aware of an incident that meets the following conditions (see University Rule 08.01.01.M1):  

The incident is reasonably believed to be discrimination or harassment. The incident is alleged to have been commited by or against a person who, at the time of the incident, was (1) a student enrolled at the University or (2) an employee of the University.

Mandatory Reporters must file a report regardless of how the information comes to their atention – including but not limited to face-to-face conversations, a writen class assignment or paper, class discussion, email, text, or social media post. Although Mandatory Reporters must file a report, in most instances, a person who is subjected to the alleged conduct will be able to control how the report is handled, including whether or not to pursue a formal investigation. The University’s goal is to make sure you are aware of the range of options available to you and to ensure access to the resources you need. Students wishing to discuss concerns in a confidential setting are encouraged to make an appointment with Counseling and Psychological Services (CAPS). Students can learn more about filing a report, accessing supportive resources, and navigating the Title IX investigation and resolution process on the University’s Title IX webpage.

Statement on Mental Health and Wellness Texas A&M University recognizes that mental health and wellness are critical factors that influence a student’s academic success and overall wellbeing. Students are encouraged to engage in healthy self-care by utilizing the resources and services available from Counseling & Psychological Services (CAPS). Students who need someone to talk to can call the TAMU Helpline (979-845-2700) from 4:00 p.m. to 8:00 a.m. weekdays and 24 hours on weekends. 24-hour emergency help is also available through the National Suicide Prevention Hotline (800-273-8255) or at suicidepreventionlifeline.org.

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Syllabus – Spring 2022 Statement on the Family Educational Rights and Privacy Act (FERPA) FERPA is a federal law designed to protect the privacy of educational records by limiting access to these records, to establish the right of students to inspect and review their educational records and to provide guidelines for the correction of inaccurate and misleading data through informal and formal hearings. Currently enrolled students wishing to withhold any or all directory information items ...