Sichuan University. Financial Accounting

Transcription

1 Sichuan University Academic Inquiries: Phone: (+86) Sichuan University Financial Accounting Course Number:ACC 201 Credits: 3.0 Contact Hours: 45 Time: June 13 th July 1 st, 2016 Instructor: Raj Garg Home Institution: Indiana University of Pennsylvania Office Hours: TBD and by appointment garg@iup.edu TEXTBOOK: Financial and Managerial Accounting, Custom Edition for IUP, Pearson with access code for CourseCompass/MyAccountingLab. Students will have to purchase MyAccounting Lab code to access the Lab. The cost of this online software is $60 per person. I. Catalog Description Introduction to the complete accounting cycle for service and merchandising forms, including the recording of transactions through journal entries and the preparation of the income statement, statement of retained earnings, and balance sheet. The course will emphasize a user s perspective in regard to transactions pertaining to: cash, receivables, inventories, long-lived assets, current and long-term liabilities, and equity accounts. II. Course Objectives 1. Students will learn the process of identifying, measuring and recording transactions in accordance with generally accepted accounting principles, including the preparation of basic journal entries and financial statements. 2. Students will learn how financial accounting information is used by external decision makers, such as creditors and investors. 3. Students will understand the role of financial accounting information in business organizations as well as in other business disciplines. 4. Students will comprehend the concepts pertaining to corporate social responsibility and ethical behavior. III. Course Guidelines a) Obtain textbook and the access code for CourseCompass/MyAccountingLab immediately. b) Attendance is very important to your understanding of the course material. c) You should read each chapter thoroughly and attempt the exercises BEFORE they are discussed in class. Class discussions will be more meaningful if you have studied in advance. d) Your success in the course depends on your ability to work the exercises and problems at the end of the

2 chapter and the quizzes and homework assigned. e) You must keep up-to-date in this course. It is easy to keep up with accounting but quite impossible to catch-up. You should allow study and preparation time for this course each day. If you are having difficulty please get help at the very beginning of the semester. f) EXAMS will be administered after the completion of every three to four chapters. In-class Examinations will consist of TWO parts. The first part will consist of multiple-choice questions and the second part will consist of one or more problems. The first part will consist of 65-70% of the grade and the second part, the remaining 30-35%. All examinations are closed book, closed notes tests. g) Any student who misses a test and is unable to provide the instructor with a valid excuse will receive a grade of 0 (zero) for the test. The excuse must cover the day and time of the missed examination. MAKE-UPS WILL NOT BE GIVEN FOR MISSED EXAMS EXCEPT IN THE CASE OF EXTREME CIRCUMSTANCES. If a student misses a scheduled examination, it is the student's responsibility to immediately contact the instructor and to present a valid excuse. Ideally, the student should notify the instructor in advance if s/he knows that s/he will miss the test. Arrangements will then be made for a make-up test, which will be administered at the instructor's convenience. MAKE-UP TESTS WHEN ALLOWED HAVE TO BE TAKEN WITHIN TWO WEEKS OF THE MISSED EXAM. After this period is over students do not have the option of making up the missed exam and will automatically get a zero on the test. There will be no EXCEPTIONS to this rule. h) ALL HOMEWORK problems should be done online in MyAccountingLab and submitted on or before the due date (usually the class period after completion of the chapter) for credit. Homework submitted late will not receive any credit. i) Please turn off your cell phones before coming to class or place them in the silent mode. j) Please understand that tardiness of any kind will not be tolerated in class. You are expected to be present in class on time and stay for the entire duration of the class period. If for some reason you wish to be excused during class, please ask for the instructor s permission before leaving class. If you have a medical condition that prevents you from adhering to this policy, please bring a doctor s certificate to that effect to the instructor to document your excuse. Disruptions of any kind during the class period will not be tolerated and you may be asked to leave the class. k) Please review your course on a regular basis. This is your contract for the course. III. Evaluation Procedure Exam 1 (Chapters 1, 2, & 3) 20% Exam 2 (Chapters 4, 5, & 6) 20% Final Exam (Chapters 7, 8, 9, and 10) 20% Homework 15% Quizzes 15% CSR and Ethics Post Quiz 10% Total 100 % Grading scale A = 90% and above B = 80% and above but below 90% C = 70% and above but below 80% D = 60% and above but below 70% F = Below 60% V. Special Resource Requirements: Access Code for CourseCompass/MyAccountingLab. 2

3 Tentative Schedule HOMEWORK DATE CHAPTER EXERCISES PROBLEMS (submit online on MAL for credit) Introduction and Course Overview Ch: 1 The Financial Statements E1-17A, 19A, 21A, Ch: 1 Continued E1-21A, 22A, 23A, Ch: 2 Transaction Ch: 1 P1-59A & P1-60A due at Noon Analysis Ch: 2 continued E2-15A, 16A, 17A, Ch: 2 continued E2-18A, 19A, 21A, E2-36 Ch: 3 Accrual Accounting & Income Ch: 2 P2-61A & P2-62A due at Noon Ch: 3 - Continued E3-22A, 24A, 25A, Ch: 3 Continued E3-26A, 30A E3-49 Chapters 1 through 3 Quizzes Due at Noon AND Ch: 3 P3-71A & P3-75A due at Noon EXAM 1 - Chs: 1, 2, & 3 Ch: 4 Internal Control E4-19A, 20A And Cash Online Ch: 4 Continued Online E4-21A, 22A, 25A, Ch: 5 Short-Term Investments E520A, 21A, 22A, Ch: 4 P4-55A due at Noon And Receivables (Online) Ethics Pre-Quiz Due at noon Ch: 5 - Continued Online E5-23A, 24A, 26A, Ch: 6 Inventory and E6-15A, 16A Ch: 5 P5-62A due at Noon Cost of Goods Sold Ch: 6 - Continued E6-17A, 21A, Ch: 7 Plant Assets & E7-15A, 16A, 19A Ch: 6 P6-63A & P6-67A due at Noon intangibles Ch: 7 - Continued E7-22A, 23A, 25A, 26A, Chapter 4, 5, 6, 7 Quizzes Due at Noon AND Ch: 7 P7-66A due at Noon EXAM 2 - Chs: 4, 5, 6, and 7 Ch: 8 Liabilities E8-16A, 17A, 18A, Ch: 8 Continued E8-19A, 20A, h: 8 Continued E8-24A, 25A Ch: 9 Stockholder s Equity E9-20A, 21A, Ch: 8 P8-70A & P8-74A due at Noon Ch: 9 - Continued E9-24A, 28A Ch: 13 Financial Statement, E13-16A, 18A, Ch: 9 P9-76A & P9-78A due at Noon Analysis Ch: 13 Continued E13-21A, 22A, 24A Ethics Post-Quiz Due at Noon FINAL EXAM - Chs. 8, 9, 13 Chapters 8, 9, and 13 Quizzes due at Noon Ch: 13 P13-55A due at Noon NOTE: The Instructor reserves the right to make changes in the syllabus or topics at any time during the term. Such changes, if any, will be announced in class. If you miss class you are still responsible for all changes. Homework PROBLEMS have to be submitted online in MyAccountingLab for credit on or before the deadline. Homework will NOT BE ACCEPTED LATE [NO EXCEPTIONS]. You are responsible for obtaining an access code for MyAccountingLab immediately after the first class meeting. This will enable you to complete all online assignments on a timely basis. If you choose to delay obtaining the access code for any reason whatsoever, you will NOT BE PERMITTED to go back and complete the missed assignments. EXERCISES are for practice only and do not have to be turned in as homework. 3

4 Students, Welcome to COURSECOMPASS/MyAccountingLab! To access your CourseCompass/MyAccountingLab online course for the first time, you need to register and log in. Whenever you want to use MyAccountingLab after that, you just need to log in. You can do both from the same starting point, at To register for CourseCompass/MyAccountingLab To register, you will need a student access code and a course ID. If you purchased a new textbook, it should have come with a Student Access Kit that contains a code you can use to register. If you do not have a Student Access Kit, you can purchase access online with a major credit card. Course ID: Course Name: GARG????? ACCT Go to and click the Student button, in the Register section. 2. Enter the course ID, GARG???? and click Next. 3. Choose to register an access code (came with your new book) or purchase access if you do not have an access kit/code. 4. Click the button to proceed to registration. 5. Follow the instructions to create your account (school zip code required to complete). 6. Click the link to login. You ll be directed to where you can enter the user name and password you just created. Click the login button. 7. The first time you enter the site, you will need to choose how you will work in CourseCoompass/MyAccountingLab. Select the "I am taking a course that is using CourseCompass/MyAccountingLab, and need to enroll in my instructor's course." option. 8. You ll be asked to enter a course ID. Re-enter your course ID, GARG???? 9. Be sure to click on the Browser Check link on the Announcements page or in the upper right of the screen the first time you login and anytime you use a new computer. This wizard will walk you through the installation of the software you will need to use the MyAccountingLab (MAL) resources (such as Flash). Note: the software may already be installed in the school lab, so in that case check first with your lab administrator. To log into CourseCompass/MyAccountingLab 1. Go to 2. Enter your personal user name and password you just created, and click Log In (or hit the enter key). Need More Help? Additional help can be found on on the Support tab, under Student Support. 4

5 ACCT 201-B07 & NB7 Due Dates for ONLINE ASSIGNMENTS DATE MyAccountingLab (ONLINE) ASSIGNMENTS DUE DATES Wednesday Wednesday Chapter 1 HW due at noon Chapter 2 HW due at noon Chapter 3 HW due at noon Chapters 1 through 4 Quizzes due at noon Chapter 4 HW due at noon Ethics Pre-Quiz due at noon (one attempt only) Chapter 5 HW due at noon Chapter 6 HW due at noon Chapter 7 HW due at noon Chapters 4 through 7 Quizzes due at noon Chapter 8 HW due at noon Chapter 9 HW due at noon Ethics Post-Quiz due at noon (one attempt only) Chapter 13 HW due at noon Chapters 8, 9, and 13 Quizzes due at noon 5