Russ, Brent P.

English

University of Montana

University of Montana ScholarWorks at University of Montana Syllabi Course Syllabi Fall 9-1-2006 ACCT 201.02: Financial Accounting Brent P. Russ Follow this and additional works at: https://scholarworks.umt.edu/syllabi Let us know how access to this document benefits you. Recommended Citation Russ, Brent P., "ACCT 201.02: Financial Accounting" (2006). Syllabi. 10719. https://scholarworks.umt.edu/syllabi/10719 This Syllabus is brought to you for free and open access by the Course Syllabi at ScholarWorks at University of Montana. It has been accepted for inclusion in Syllabi by an authorized administrator of ScholarWorks at University of Montana. For more information, please contact scholarworks@mso.umt.edu. The University of Montana 	 Page 1of4 THE UNIVERSITY OF MONTANA ACCOUNTING 201 FINANCIAL ACCOUNTING FALL SEMESTER 2006 Instructor: Brent P. Russ, CPA Class: Section 6: TR 9:40AM to ll:OOAM in GBB L04 GBB 348 Office: 243-2956 Phone: brent.russ@business.umt.edu Email: www.business.umt.edu/faculty/russ Webpage: TR ll:OOAM - 12:00PM Office hours: W lO:OOAM - ll:OOAM and by appointment Course Description Introduction to financial accounting concepts, including transaction analysis, financial statement analysis, and corporate financial reporting practices. Course Objectives By 	the end of the semester students will be able to: 1. 	 define the basic terms used by accountants to describe the components and processes of accounting systems; 2. 	 describe how an accounting information system collects, processes, and reports financial information for decision makers external to a business; 3. 	 account for basic financing, investing, and operating activities of a corporation; 4. 	 analyze transactions within the context of a double-entry accounting system; 5. 	 prepare the basic financial statements of a corporation; 6. 	 compare and contrast accrual and cash-basis accounting; 7. 	 describe internal controls to safeguard assets and enhance the accuracy and reliability of accounting records; 8. 	 apply the cost, revenue recognition, and matching principles; 9. 	 analyze the performance of a corporation using its financial statements; 10. 	 describe the possible effects of a manager's unethical behavior and of accounting errors on the financial statements. Course prerequisites You must have completed Math 117 with a C or better to remain in this course. Prerequisites are strictly enforced. I will not grade the work of students who have not met the prerequisites. Note that you must earn a C or better in ACCT 201 to enroll in ACCT 202. http://www. business. umt.edu/Faculty/russ/ ACCT%20201IACCT%20201 %20Syllabus%20Fa11%202006.... 8/29/2006 The University of Montana Page 2of4 Drop/add The last day to drop the class with a WP or WF is October 9. I will not sign drop slips after this date. (NOTE: You can drop via CyberBear through September 18) Students with disabilities Students with documented disabilities will receive appropriate accommodations in this course. Please provide a letter from your DSS Coordinator and discuss your needs with me within the first ten days of the semester. Information about services provided to students with disabilities is available at http://www.umt.edu/dss/. Student Conduct Code All students must practice academic honesty. Academic misconduct is subject to an academic penalty by the course instructor and/or a disciplinary sanction by the University. All students need to be familiar with the Student Conduct Code. The code is available for review online at http://www.umt.edu/SA/VPSA/index.cfm/page/1321. Mission statement The faculty and staff of the School of Business Administration at The University ofMontana are committed to excellence in innovative learning and professional growth through research and service. Required text Financial Accounting: Tools for Business Decision Making, Kimmel, Weygandt, and Kieso, Wiley, 4th edition, 2007, with WileyPlus • If you obtain the textbook used or from a source other than the University Bookstore, make sure you get a text with a WileyPlus course access code accompanying it. A WileyPlus code must be packaged with the text. You will be required to purchase the code for approximately $56. 95 if it does not come with your textbook. • Technically, you are not required to purchase a hard copy of the textbook. If you purchase a WileyPlus access code you will have access to the textbook online. Grading Exam I 200 points Exam II 200 points Exam III 200 points Final Exam 250 points Financial Analysis Project (due Dec 7) 50 points Class participation and attendance 25 points Homework 75 points Total available points 1,000 points 900 to 1,000 points = A 800 to 899 points = B http://www. business. umt.edu/Faculty/russ/ ACCT%20201/ ACCT%20201 %20Syllabus%20Fall%202006.... 8/29/2006 The University of Montana Page 3of4 700 to 799 points = C 600 to 699 points = D Below 600 points = F I will apply the University's +/- grading system to borderline grades by considering a student's attendance, preparedness, and participation. Policies and Procedures Exams All exams are mandatory and must be taken at their scheduled time unless written (including email) approval is provided prior to the exam time. Failure to contact me prior to missing an exam will likely result in a grade of zero for that exam. The Final Exam is scheduled during Final Exam Week on Tuesday, December 12, from 5-8pm. The exams might include material covered in lectures, class discussions, our textbook, and supplementary readings. Calculator You may only use one of the calculators approved for use by the School of Business Administration on exams. Both the HP 10BII and the TI BAI!+ are for sale in the UC Bookstore at a reduced price of $28 during the first two weeks of the semester. Please respect this Departmental policy. You will not be allowed to use any electronic device other than one of the two approved calculators on an exam. Be prepared by the time of the first exam or forgo the use of a calculator on the exam. Project Assignment Your semester project is to select a domestic corporation in a retail industry whose stock is publicly traded and pretend that you are a financial analyst scoping out a potential investment. You should focus on the general financial health of the company and pretend you are doing a very simple, initial analysis of a company. You must obtain your company's annual report by September 22 and submit a Company Choice form. Your analysis paper is due December 6 and you will be graded on the content of the analysis, your analytical skills, and your ability to communicate effectively. You will also be graded on your ability to peer review another student's analysis. See the Assignments page for detailed assignment requirements. Homework Assignments Homework assignments should be completed by the date listed on the Calendar. I will randomly call on students while going over homework in class. This will affect my perception of your preparedness and participation. Homework is to be completed individually by each student; however, collaboration is allowed. If more than 75 points are submitted, I will drop the lowest chapter homework score. You will also complete three career planning assignments during the semester. In addition, your company choice will count as a homework http://www.business.umt.edu/Faculty/russ/ACCT%20201/ACCT%20201 %20Syllabus%20Fall%202006.... 8/29/2006 The University of Montana Page 4 of 4 assignment. Each of these assignments counts as regular homework Student responsibilitiesEducation research shows that students are better able to master material  and retain knowledge if they come to class prepared for the day's topic. Therefore, I strive to optimize your learning experience by expecting you to read assigned material and review chapter questions before topics are discussed in class. It is your responsibility to monitor your progress in the course and attend office hours or the Beta Alpha Psi Clinic if you do not understand the material. The Clinic is available every Tuesday and Thursday evening from 6:30 - 8:30pm in GBB Lll (beginning 9/7). I expect you to turn off cell phones and all electronic devices and not attempt to multi-task while in my classroom. See the Calendar page for a tentative timetable for assignments and the Assignments page for more detailed assignment requirements. http://www.business.umt.edu/Faculty/russ/ACCT%20201/ACCT%20201 %20Syllabus%20Fall%202006.... 8/29/2006 School of Business Administration Page 1 of 2 School of Business Administration ACADEMIC GRADUATE FACULTY BUSINESS I AFFILIATED I PROGRAMS PROGRAMS & STAFF RESOURCES I CENTERS I ALUMNI Home: Faculty & Staff: Russ: BADM 201: Assignments Fall 2006 Financial Analysis Assignment Your assignment is to select a domestic corporation in a retail industry whose stock is publicly traded and pretend that you are a financial analyst scoping out a potential investment. You should focus on the general financial health of the company and pretend you are doing a very simple, initial analysis of a company. You must obtain your company's annual report by September 22 and submit a Company Choice form.Jlt The submission will count as a five-point homework assignment. Your analysis paper is due December 6 and you will be graded on the content of the analysis, your analytical skills, and your ability to communicate effectively. You will also be graded on your ability to peer review another student's analysis. Detailed information about the assignment, including interim due dates, is available for download. Jlt The Writing Center provides tutoring for free! Visit their website to learn more about their services and the hours available. Please use caution when using the Writing Center; you never know about the individual tutor that you might get. Here's a useful link for searching for company and industry information http://finance.google.com/finance Career Assignments You have three career-related assignments worth the same as regular homework. Links to the assignments appear below. Download the Career 8/29/2006http://www. business. umt.edu/Faculty/russ/ ACCT%20201/ Assignments.asp School of Business Administration 	 Page 2 of2 Assignment instructions from Career Services for detailed information about completing the assignments.·· 1 A representative from Career Services will make a presentation in class to explain the services available to students. 1. Complete the online career interest survey by October 12 2. 	Attend either the Fall Career Fair or Student Job Fair on August 31 or September 2 7 3. Register/update your griz/e-recruiting registration by November 21 Chapter Homework Homework points are based on collected homework. You will have homework everyday, but it will not be collected everyday. I will collect homework on a random basis. I will collect no more than 18 and no less than 10 times (for you gamblers this should help you gauge your odds). Homework grading is all, partial or nothing; if you took an honest shot at it you get full credit, if you did most of it you get partial credit and if you did not even take a swing at the homework you get zero points for that day. No late homework will be accepted. The syllabus and/or homework assignments may change with advance notice either in class or by e-mail. You are responsible for all changes. The first time you log in you'll need to use your WileyPlus access code. See First Day of Class for detailed registration instructions. This is where you can read your text, etc. 	if you did not elect to buy one. @ Copyright 1996 - 2006 The University of Montana's School of Business Administration This page is maintained by the School of Business Administration Tech Team. Send e-mail to webmaster@business.umt.edu 8/29/2006http://www.business.umt.edu/Faculty/russ/ACCT%20201/Assignments.asp Calendar Page 1 of2 HOME RESOURCES School of Business Administration ACADEMIC GRADUATE FACULTY BUSINESS I AFFILIATED I PROGRAMS PROGRAMS & STAFF RESOURCES I CENTERS I ALUMNI Home: Faculty & Staff: Russ: ACCT 201: Calendar Fall 2006 ACCT 201 SCHEDULE (Tentative) IDATEll TOPIC/EVENT READ HOMEWORK ­ due the day I I indicated 18/29 lllntroduction \I Syllabus I\ send me your e-mail address 18/31 llchapter 1 II Ch 1 llQl,2,3,5,6,7 I BE 1,2, E1-4,P1-3A 18/31 llstudent Jobs Fair ~\chapter2 Ch 2 llQl,2,3,4,5,8, 11, 14, 15, 16 19/7 llchapter 2 Ch 2 llBE 2-2, E 2-5, P 2-3A 19/12 llchapter 3 Ch 3 llQ 2,3,4,8, 15 E 2-5 19/14 llchapter 3 Ch 3 llE 2-11,3-7,3-15 P 2-6A 19/19 llchapter 4 Ch 4 Q 1,3,4,6,7,20,21,22 BE 4-1,4-4 19/21 !!chapter 4 Ch 4 E 4-2,4-5 P 4-8 Analysis Choice Due 19/26 llchapter 5 Ch 5 Q 2,5,8, 14,20,22 BE 5-3,5-6 19/27 llAccounting and Health Professions Career Fair 19/28 !\chapter 5 Ch 5 llE 5-4,5-6,5-7 P 5-8 II ~IExam 1 - Chapters 1,2,3,4,5 \10;5 \!chapter 6 Ch 6 llQ 5,6, 7,8,12,14,20 BE 6-1,6-6,6-8 II ! 10110 llchapter 6 Ch 6 llE 6-4,6-10,6-12 II ! 10112 llchapter 7 Ch 7 llsurvey, Q 5,9,13,16,21 BE 7-1,3,4 II !10;17 llchapter 7 Ch 7 llE 7-13 P 7-4,7-7 II !10/19 llChapter 8 Ch 8 \IQ 10,13,14 BE 8-7,8-8 II I10;24 llchapter 8 Ch 8 llE 8-4,8-5, 8-8 II 8/29/2006http://www.business.umt.edu/Faculty/russ/ACCT%20201/Fall%202006%20Calendar.asp Calendar Page 2 of2 j10/26 jjExam 2 - Chapters 6,7,8 j10;31jjchapter9 II Ch 9 llQ 2,4,9,14,20 BE 9-1,9-2 ~~]chapter 9 11 Ch 9 llE 9-2,9-3 P 9-2,9-5 j11;7 llE/ection Day li1;9llchapter 10 Ch 10,  BEC 5, BEC 10, Q 1,3,4,5,8,9 BE 10­L__ _J App C  1, 10-7 ::================================ ~jchapter 10 Ch 10 E 10-15, P 10-4,10-10 j11/16 jjchapter 11 Ch 11 Q 1,2,6,7,8,9,11,16,17 BE 11-2,11-3 j11;21!lchapter11 Ch 11 Register, E 11-2,11-3, Pll-2 j11;23 ljThanksgiving Holiday (go Cowboys) l11;2s 1ichapter 13 II Ch 13 !IQ 1,2,3,6,7 E13-1,13-2,13-9 111/30 l!chapter 13 II Ch 13 l!None 112/5 l!Exam 3 - Chapters 9,10,11,13 112/7 llFinal exam review II llFinancial Analysis Project Due 112;12 l!Joint Final Exam II 5-Spm l!Location TBA LEGEND: Q=Question; BE=Brief Exercise; E=Exercise; P=Problem () Copyright 1996 - 2006 The University of Montana's School of Business Administration This page is maintained by the School of Business Administration Tech Team. Send e-mail to webmaster@business.umt.edu 8/29/2006http://www. business. umt.edu/F aculty /russ/ ACCT%20201 /Fall %202006%20Calendar .asp 

ACCT 201.02: Financial Accounting

https://scholarworks.umt.edu/cgi/viewcontent.cgi?article=11644&amp;context=syllabi

ACCT 201.02: Financial Accounting

Abstract

Similar works

Full text

Available Versions

University of Montana