Class Participation and Homework:

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1 Goizueta Business School Business Financial Accounting Plan and Policies - Spring 2014 Instructor: Susan Crosson Office: GBS Susan.Crosson@emory.edu Website: Phone: (404) (office) or (352) (cell) Office Hours: Tuesdays and Thursdays 11:30-1:00 or by appointment TA Office Hours: TBA Teaching Assistants: Amanda Qiao xqiao@emory.edu Patrick Zepeda pzepeda@emory.edu Binjie Wei bwei4@emory.edu Xinyu Cheng xinyu.cheng@emory.edu Michael Nathin mnathin@emory.edu Nicole Reynolds ncreyno@emory.edu Daniel Alvarez daniel.alvarez@emory.edu Matthew Coombs mcoombs@emory.edu Daniella Bloch dmbloch@emory.edu Class Hours: Section 000 Tuesdays and Thursdays 10:00-11:15 Room GBS 331 Section 001 Tuesdays and Thursdays 1:00-2:15 Room GBS 304 Course Objectives: Financial accounting is concerned with providing financial information to interested parties outside the organization (stockholders, potential investors, creditors, regulators, employees, etc.) We will focus on how financial statements reflect a firm s economic events to parties outside the firm. You will develop an understanding of the assumptions, principles, procedures, and concepts underlying financial accounting, with an emphasis on understanding and interpreting the information provided by a firm in its published financial statement. By the end of this course, you should be able to read and understand a set of financial statements. The first few weeks of the course include an overview of the accounting process and the theoretical framework upon which accounting is based. Without a good understanding of this material, the remainder of the course will be very difficult. Students are strongly advised to keep up with the material from the start. The remainder of the course studies how specific economic events are recorded in the accounting system and reported in the financial statements. Generally accepted accounting principles are discussed, including their limitations and the impact of alternative accounting practices on the financial statements. Textbook and Course Materials: REQUIRED: Financial Accounting in an Economic Context by Jamie Pratt (8th Edition) Wiley & Sons, Inc Other supplemental materials will be handed out during class. If you miss a class, it is your responsibility to obtain these materials.

2 Class Participation and Homework: Regular class attendance is expected of all students. It is also expected that prior to each class, students will have read the assigned materials and worked the homework assignments. To acquire a good understanding of the financial accounting concepts and procedures presented in class, it is imperative that you attempt to solve ALL of the assigned homework problems and be prepared to discuss your solutions in class. Your ability to participate in class and perform well on exams is directly related to the amount of time and effort you put into mastering these assignments. Each class will start from the assumption that you have completed the required readings and exercises for that particular class. There may be periodic quizzes to verify this assumption. As we discuss the financial concepts and procedures presented in class, I will call on you to answer questions. I may ask for volunteers or I may cold-call for input into the discussion, so please be prepared. Class participation grades are based on the contributions, both positive and negative, that you make to the class over the course of the semester. I will take attendance by distributing a roster each class session for you to sign in with your signature. Please note that class attendance does not translate into class participation. Excellent attendance is necessary, but not sufficient, to earn a high participation score. Your questions, answers, comments, and insights over the course of the semester will contribute to this score. Failure to come to class, on time and prepared will result in a lower grade than otherwise. If you do not actively participate in class discussions on a regular basis, your final grade will suffer. Any behaviors that disrupt the learning environment are considered negative contributions and they will have an adverse effect on your participation grade. These behaviors include wandering into class late, not turning off cellphones before class, using laptop computers or communication devices during class, talking while someone else is talking, excessive bathroom breaks, and other unprofessional conduct. It is your job to come to class. If you miss a class, do not ask me questions such as: Did I miss anything? Of course, you missed something. I will try very hard not to waste your time or my time. If you miss a class, get a copy of someone s notes and talk to your classmates to find out what you missed. Keeping up with homework assignments is your responsibility. I will collect the six starred homework problems on the assignment schedule of evaluation and diagnostic purposes at the BEGINNING of the class for which they are assigned, so please make a photocopy of your homework if you wish to have your solution with you in class. It is your responsibility to bring your homework assignments to class so you can turn them in. No late assignments will be accepted and NO CREDIT will be given for solutions lacking a reasonable effort and neatness. I encourage you to work on your homework problems together. However, copying another person s solution and submitting it as your own, dividing up and swapping out portions of assignments, or turning in anything other than your own work is a violation of the Honor Code. Course Communications: Blackboard: You are automatically added to our BUS210 Blackboard course when you enroll. To verify go to Emory.edu home page and click on the Tech link Blackboard. Then, sign in to Blackboard and view your Courses. BUS210: Financial Accounting - Spring 2014 should be listed. Click on it to view course announcements, your grades, and to use password protected course resources. You should check Blackboard at least daily for any important announcements.

3 Nameplate: The BBA program office will also provide you with a nameplate. In order to facilitate my tracking of your participation, it is crucial that you bring your nameplate to every class and use it. If you do not have a nameplate, please see the BBA program office to have one made. Tub Files: Student mailboxes or tub files are located on the first floor in file cabinets by lockers. I will return homework assignments and mid-term exams by having them distributed to your tub file. You should check it regularly. If you do not have a tub file, please see BBA program office to have one made for you. Honor Code: I have no tolerance of acts of scholastic dishonesty. Every student enrolled in courses at the Goizueta Business School agrees to abide by all provisions of the student-initiated and studentregulated Business School Honor Code (see for details). Students who are found in violation of the honor code are subject to verbal reprimand, written reprimand, an F in the course in question, suspension, dismissal, or a combination of these or other sanctions. If you have any questions about the behaviors that constitute violations of the Honor Code, please ask me for clarification. Withdrawal and Changing Courses: The Academic Regulations section of the Emory College course catalog sets forth university policies for withdrawals and other important matters. The last day to add/drop/swap a course for the Spring 2014 semester is Tuesday January 21, The last day to withdraw from a course without penalty is March 7, Students who withdraw from this course after this deadline will receive a grade of WF. Only the College Office can grant an exception to this penalty. Time Management: Time management is the key to doing well in this class. Good performance requires a level of conceptual understanding that goes beyond the ability to memorize formulas or techniques. Try making sense of accounting, to internalize the how, why, and what if of the material presented, instead of just what it is. It is difficult to obtain this type of conceptual understanding by cramming one or two nights before an exam. Accounting for most people is a subject that requires study on a regular basis. If you are preparing well in advance and still struggling, please see my TAs or me during office hours as soon as possible. Do not delay in seeking help. Prepare a list of questions and we ll give you as much time as you need. However, we can t be of much help with big conceptual issues one or two days before the exam. Examinations: There will be two non-cumulative mid-term exams and a cumulative final exam. Bring only your Emory ID or other picture ID, pencils, eraser, and a 4-function or business calculator with no memory to the exam. No bathroom breaks allowed! No dictionaries, scratch paper, cell phones, notes, backpacks, purses, etc. allowed at your seat during exam. The date of each exam as well as the material covered is specified in the course calendar. The mid-term exams are scheduled outside of class at a pre-arranged time period to give you adequate time to complete the exams. These exam dates are not flexible. You are expected to take the exam on the date and time they are scheduled.

4 If Bus 210 exam conflicts with an exam for another class, the class itself, an athletic event or you need ADSR accommodation, you must notify me via no later than two weeks before the exam and present written documentation to schedule an alternative testing date which will be before the regular exam time. If you miss an exam due to illness or other emergency reason, you must notify me before the exam and present written documentation. Students who miss one of the first two mid-term exams due to an excused illness or emergency will be allowed to drop the exam and have the weight allocated to that exam added to the final exam. Unexcused absences from any exam will result in a score of zero for the exam. Grading: The exams, homework, assignments, and class preparedness and participation determine your final letter grade in the course. The weighting assigned is as follows: Exam I 25% Exam II 25% Final Exam 25% Homework assignments (6) 12% Class preparedness and participation (includes first day assignments) 13% 100% The Goizueta Business School uses the following recommended grade distribution for all BBA pre-requisite and core courses. Grade Pre-requisite and Core Courses A 15%-20% A- 15%-20% NOT TO EXCEED 35% B+ 15%-20% B 15%-20% B- 10%-15% TOTAL B (+/-) GRADES 45% ABOVE NOT TO EXCEED 80% C+ OR BELOW 20% The satisfactory/unsatisfactory (S/U) grade option is not available for GBS students or Emory College students taking any business school course with the exception of a Junior or Senior Seminar. Getting Help: If you have a short, specific question that can be answered online, post your question in Accounting Labs (located in the Organizations section of Blackboard). Only the professors, teaching assistants, and lab tutors will see your question (not other students). You will receive a private response to your question.

5 To get help in person or to review solutions manuals, you can attend TA office hours or the Accounting Labs (staffed by TAs and other accounting majors). The Accounting Labs are held on Mondays, Wednesdays, Fridays, and Sundays throughout the semester except during Spring Break. A complete schedule is posted as an Announcement in our Blackboard course. Our BUS 210 TAs should be an invaluable resource for you throughout the semester. They are available to meet with you individually during their office hours on Tuesdays and Thursdays. Office hours will not be held during Spring Break. Our course TAs will hold help sessions to help you work through the six homework assignments that are starred and listed in bold print on the course calendar. Help sessions are scheduled on the following dates: Homework # Date Time Room 1-Chapter 4 Sunday 1/26 1:30-3:00 p.m. GBS Chapter 3 Sunday. 2/9 1:30-3:00 p.m. GBS Chapter 6 Sunday 2/23 1:30-3:00 p.m. GBS Chapter 7 Sunday 3/2 1:30-3:00 p.m. GBS Chapter 9 Sunday 3/16 1:30-3:00 p.m. GBS Chapter 11 Sunday 4/13 7:30-9:00 p.m. GBS 130 I am available to meet with you individually in my office. My regular office hours are held Tuesdays and Thursdays from 11:30-1:00. If you cannot make it to my regularly scheduled office hours, I am happy to set up an alternate time to meet with you. To make an appointment to meet with me, please send me an with a list of times that you are available. My goal is to make help available to fit every schedule. Please make good use of the TA office hours and the Accounting Lab.

6 Course Calendar: Sessions 1,2,&3 Topics Introduction and Overview of Financial Statements 1/14 Readings: None 1/16 Readings: Chapters 1 & 2 Discussion Questions: E2-2, E2-3, E2-12, E2-13 Turn in your First Day assignments (VARK Learning Styles, TPI, and Student Consent Form). 1/21 Homework problems: P2-1, P2-3, P2-5 4,5,6, & 7 The Mechanics of Financial Information 1/23 Readings: Chapter 4 pages Discussion Questions: E4-4, E4-7, E4-9, E4-10a 1/26 Optional Help Session on Homework 14 Spring Emory Inc. from 1:30-3:00 1/28 Readings: Chapter 4 pages Homework Problems: E4-12, E4-16, P4-8, P4-9 2/4 Readings: Chapter 4 and Appendix 4A (ignore the indirect method ) Homework Problems: 14 Spring Emory Inc.*, E4-21 2/6 Readings: Chapter 4 and Appendix 4A (ignore the indirect method ) Homework Problems: P4-17, P The Measurement Fundamentals of Financial Accounting Online Readings: Chapter 3 Homework Problems: E3-5, E3-8, P3-12, ID3-7, ID3-10 2/9 Optional Help Session on Homework 14 Spring, Inc. from 1:30-3:00 2/18 Homework Problems: 14 Spring, Inc.* 9 Catch-up and Review 2/13 online Optional Review 2/15 Exam 1 Noon-3:00 p.m.; Tentative Rooms 338, 500, W100, W131 Exam will be on material covered through 2/6 and optional online review on 2/13

7 10 & 11 Cash and Accounts Receivable 2/18 Readings: Chapter 6 Discussion Questions: BE6-1, E6-4, E6-5, P6-2 2/20 Readings: Chapter 6 Homework Problems: E6-8, E6-10, P6-3, P6-4, P6-7 2/23 Optional Help Session on Homework Allowance for Bad Debts from 1:30-3:00 12 & 13 Merchandise Inventory 2/25 Readings: Chapter 7 Discussion Questions: BE7-1, E7-4, E7-5, E7-6, P7-3 2/27 Homework Problems: Allowance for Bad Debts*, BE7-3, E7-10, P7-10, ID7-3, ID7-4 3/2 Optional Help Session on Homework Alternative Inventory Methods from 1:30-3:00 14 & 15 Property, Plant, & Equipment and Intangibles 3/4 Readings: Chapter 9 Discussion Questions: BE9-3, E9-1, E9-7, E9-9, E9-11, E9-15 3/6 Homework Problem: Alternative Inventory Methods*, E9-16, E9-18, P9-13, ID9-13(a-e) Spring Break 3/16 Optional Help Session on Homework Alternative Depreciation Methods from 1:30-3:00 16 & 17 Equity Investments 3/18 Readings: Chapter 8 Discussion Questions: BE8-1, E8-2, E8-3, P8-1 3/20 Homework Problems: Alternative Depreciation Methods*, BE8-2, E8-1, E8-4, E8-10, E Catch-up and Review 3/25 Catch up and Review 3/27 Exam II, 6:00-9:00 p.m., Rooms: 130, 231, 234, 238, 421 Exam will be on material covered through session 18

8 19 Time Value of Money 4/1 Readings: Appendix A Homework Problems: EA-1, EA-2, EA-3, EA-5, EA-7, EA-9, EA-11 20, 21, & 22 Long-term Liabilities 4/1 Readings: Chapter 11 pages , Appendix 11-A Homework Problems: BE11-2, E11-3, E11-4, E11-5, E11-7, E11-8 4/3 No class 4/8 Readings: Chapter 11 pages , Appendix 11-A Discussion Questions: E11-9, E11-11, E11-13, E /10 Readings: Chapter 11 pages , Appendix 11-A Homework Problems: P11-10, P /13 Optional Help Session on Homework Long-term Liabilities-Bonds Payable from 1:30-3:00 23 Contingent Losses and Short-term Debt 4/15 Readings: Chapter 10 Discussion Questions: E10-2, E10-4, E10-7, E10-10, P10-1, P & 25 Stockholders Equity 4/17 Readings: Chapter 12 Homework Problems: Long-term Liabilities-Bonds Payable*, E12-3, E12-5, E12-6, E12-9 4/22 Homework Problems: BE12-2, E12-1, E12-13, E12-14 (a-d), P12-10 (a-c) 26 Course Review and Wrap-up 4/24 Optional Course Review TBA Final Exam is scheduled during exam week on Saturday May 3, Time and location of the exam TBA. Please note that the exam will be cumulative.