GOLDEN GATE UNIVERSITY School of Accounting Acctg 1A Introductory Financial Accounting Fall Semester Online. Instructor: Ahmet Cagin

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1 GOLDEN GATE UNIVERSITY School of Accounting Acctg 1A Introductory Financial Accounting Fall Semester Online Instructor: Ahmet Cagin acagin@ggu.edu 1. Course Description Introduces financial accounting emphasizing accounting terminology, ethics and the role of accounting information in business decisions. Course work will provide you with a basic understanding of the accounting process; financial statements; and the content of certain asset, liability and owners equity accounts. The corporate form of business is discussed in detail. The focus of the course will provide you with an understanding of accounting information in a decision context. 2. Course Objectives Describe and explain the purpose of each of the principal financial statements: balance sheet (statement of financial position), income statement, statement of cash flows and retained earnings. Prepare from an adjusted trial balance the above financial statements. Analyze and record common types of business transactions (sales, cash receipts, purchases on account, cash disbursements, etc.) in proper form, in both a 2-column journal and in T-accounts. Analyze financial statements using common financial statement ratios and other means. Discuss the purpose of adjusting journal entries. Prepare closing entries. Explain what is meant by the term "depreciation" in the context of accounting and how to record it in a journal. Explain the meaning of "accrual basis" of accounting, and how it differs from the "cash basis" of accounting. Explain the meaning of "perpetual inventory system" and how it differs from the "period method" of accounting for inventory. Apply and understand the alternative methods of costing inventory FIFO, LIFO, and other methods. Discuss what is meant by "Internal Control" and why it is important for any enterprise. Understand the difference between internal and external users and accounting.

2 3. Required Materials Textbook: Meigs, Williams, Haka, and Bettner, (2010), Financial Accounting, (15th ed.) NY: Irwin McGraw Hill. ISBN BookStore: To purchase course books and materials from efollett, GGU's official online bookstore, go to University Library University Library There are several databases available through the Golden Gate University Library for students to conduct research on various topics. Remote (off campus) access to the databases requires your last name and student ID# (located on the front of your ID card). Be sure to type in ALL 7 digits, including the starting 0. Example: You may access the library from GGU s homepage at 4. Course Requirements, Student Responsibilities, Evaluations HOMEWORK Many times a concept will not be clear from reading, but by working your way through the problems, many questions will be answered. I suggest that you try your best to figure our questions independently before asking for help. Be certain to check announcements daily. You will see changes and updates to assignments. All answers to homework assignments will be accessible per chapter for each week. Please do not be tempted to copy these answers for your assignments; I will be able to tell. Additionally, by making a good faith effort to do the homework before reviewing the answers you will be better able to meet the challenges of the closed-book final. The homework will not be graded for accuracy, but is designed to reinforce what you have learned. Late homework will not be accepted. Place each homework on one document. The most preferable type is Excel Spreadsheet (Except for Case Study) I will not accept answers placed into multiple-type documents. All homework will be turned in by Saturdaymidnight. Please review Important Dates document for assignment and examination (due) dates.

3 HOMEWORK FORMAT Please check Homework Submission Instructions on elearning under documents at the top of the page. 1) Please use excel if you are not doing so (pls me if you cant/dont want to use excel, the ones who use microsoft word can use excel just like a word editor) 2) I am attaching a sample of the format of the HW assignment that I am expecting going fwd. 2a) Please solve each problem on a separate tab and name each tab with the problem associated with it. For example: P 6.1A or E 6.4 2b) As in the example of 6.2A if you can't solve a problem (because of time or difficulty) still open up a tab, name it, and tell me the reason why you couldnt solve the problem. 2c) You can group brief exercises in one page(tab) (just like in the attached) DISCUSSION Participation is mandatory in discussions to achieve a passing grade in this class. For an online class, discussion is more important than in a face-to-face classroom environment. The goal is to make this class as interactive as possible in an online environment. Logistics The discussions are accessed per the Discussion button. The discussion section is where class interaction takes place. This is where you participate in the course by talking to me or to your classmates. Note the down arrow next to the topics, scroll down to the topics and respond to the discussion questions. You may cut and paste or type directly into the discussion. Rules You will have weekly Discussion Questions (DQs) to complete. Your responses to these DQs will help to start our more informal class discussions. As you reply to others' initial DQ responses by asking questions, adding ideas, making connections to the readings, etc., you will be creating the substantive messages that will count toward your grade. The discussion will have two components: 1) Initial Response 2) Follow up response to other students The initial response will be due within 96 hours of the start of each academic week. (i.e. for classes starting on Sundays your initial response is due end of day Thursday) The follow up response will be due by the end of the academic week. (i.e. end of day following Sunday)

4 These posts cannot be submitted on the same day. Meaning of Substantive For this class, substantive means that your message has substance and helps to further the discussion of course content. Substantive messages will often include contributions of additional ideas and sources, insights or questions about classmates' comments, connections to the course readings, ways of applying the lessons from the course, etc. As a rule of thumb, your substantive comments should be at least several sentences in length. Short comments, such as "Good idea" or "I agree," do not constitute substantive posts on their own. Neither do comments that are unrelated to the topics at hand (for example, "I saw that movie, too!") If you say you agree about something, please explain why you agree, and add an additional insight or question. Tips for Creating Substantive Participation Explain why you agree or disagree, and add some examples to support your belief. Relate your personal or work experiences to the topic at hand. Ask additional questions of your classmates. Make connections between the topics at hand and the readings in the text. Add ways you can apply the lessons from the class in your work and educational life. Initial Response Student provides a relevant and engaging response: 2 Points Substantive Response: Student provides a substantive follow-up comment to other students: 2 Points Total Points per Week: 4 Points I described your role in these discussions. My role is to ask you questions, where I see fit, to make the class more interactive, challenge you to think (and research) about the questions more. I will also provide recommended answers when it is necessary. Expect comments from me on an individual basis and look for my comments if they are directed to the entire class. COMPREHENSIVE PROBLEMS You will be able to get 24 points if you complete the three comprehensive problems 8 points each.additional relevant articles and possibility projects will be available in DocShare and noted in Announcements. All 3 comprehensive problems are mandatory.

5 THE CASE STUDY I will also provide a case study in advance with detailed instruction on how to approach the problem, and you will then have five weeks to prepare your solution. The case study is designed for you to analyze the case and then apply what you have learned in class in helping to come up with your solution to the specific transactions. You will see case study instructions under week Course Evaluations The course has two midterms and one comprehensive final. The midterm will be open book. The Final exam will be close book and will be supervised. You will be allowed a calculator and hand written notes. There is no limit on the number of pages. You will also need some 8 ½ by 11 blank paper rather than a blue book for the exam answers. There will be no make-up exams unless an extremely critical emergency. The midterm will be open for 5 days. The final will be 3 hours and administered with a proctor. You will be notified of the date through Announcements. 6. Grading Policy Assignment Points Percentage Homework Problems(12X) 4 pts each 48 12% Discussions(12X) 4 pts each 48 12% Comprehensive Problems(3X) 8 pts each 24 6% Midterms 2X (40 points each) 80 20% Case Study 40 10% Comprehensive Final % TOTAL % Grading Percentage A % A 93% 98.9 % A 90% 92.9% B+ 87% 89.9% B 83% 86.9% B 80% 82.9% C+ 77% 79.9% C 73% 76.9% C 70% 72.9% D+ 63% 66.9% D 60% 62.9% F 0% 59.9%

6 7. Assignments 26 Aug 2 Sep 9 Sep 16 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov 11 Nov 18 Nov 25 Nov 2 Dec 9 Dec 2 Sep 9 Sep 16 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov 11 Nov 18 Nov 25 Nov 2 Dec 9 Dec 14 Dec Week 1 Week 2 Ch 1 Introduction and Information for Decision Making and Ch 2 Basic Financial Information Ch 3 the Accounting Cycle: Capturing Economic Events Week 3 Ch 4 The Accounting Cycle: Accruals and Deferrals 5 Week 4 Week 5 Week 6 Midterm 1 Week 7 Week 8 Week 9 Week 10 Ch 5 The Accounting Cycle: Reporting Financial Results Ch 6 Merchandising Activities Ch 7 Financial Assets Ch 8 Inventories and the Cost of Goods Sold; Case study assignment and instruction will be given Ch 9 Plant and Intangible Assets Ch 10 Liabilities Week 11 Midterm 2 Week 12 Week 13 Week 14 Week 15 Week 16 Ch 11 Stockholder s Equity Ch 12 Income and Changes in Retained Earnings Ch 13 Statement of Cash Flows Case Study Due Comprehensive Final Exam (Supervised) Please check important dates on document on elearning (top section) for detailed deadlines, topics and points. Supervised Exam information All Cyber Campus (entirely online) courses require at least one supervised exam per term. For additional information and instructions on selection of a proctor see Cyber Campus website and on the right side you will find link for exam information.

7 8. Instructor Bio Ahmet Cagin graduated from U.C. Berkeley Haas School of Business with a concentration in Finance and Accounting. After his graduation, he spent his entire career in the banking industry. Before joining to Wells Fargo Bank, he was Vice President with JP Morgan Chase responsible for cost accounting practices related to direct mail marketing initiatives. 9. Academic Integrity Policy GGU's Policy on Student Academic Integrity is in effect at all GGU teaching locations, including regional classroom sites, corporate sites, and distance courses delivered in any medium. This policy applies to all business, taxation, and technology students at Golden Gate University. Academic integrity means doing academic work in a manner that strives to achieve the learning objectives your courses have set out for you. It means that you follow the rules and procedures prescribed by your instructors so that you acquire the skills and knowledge your courses are designed to give you. It means that you engage in ethical practices in taking tests and doing assignments and that you respect intellectual property rights by fully disclosing sources of information that appear in your papers and presentations. GGU provides many resources and services that assist you in learning the required research and documentation skills.