ACCOUNTING 205 INTRODUCTION TO FINANCIAL ACCOUNTING 8-Week Online Course Spring 2015

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1 ACCOUNTING 205 INTRODUCTION TO FINANCIAL ACCOUNTING 8-Week Online Course Spring 2015 Instructor name: Dr. Michael Chiasson Office location: 133 Powell Phone number: Office hours: Contact me if you wish to set up a face-to-face meeting. Otherwise direct all questions to my address listed above. Indicate your name and class section in the title of the . Catalog Description: ACCT 205. Introduction to Financial Accounting Prerequisites: Sophomore standing and eligibility for Math 106. Introduction to corporate financial accounting systems including preparing, interpreting, and using financial statements. ( ) Prerequisites: Sophomore standing and eligibility for Math 106. ETS Major Field Test - Required For All Business Majors: You will be required to take the ETS Major Field Test in Business in BSAD 490 during your final year of study. This is a standardized test that assesses core business areas of accounting, economics, finance, IS, legal and social issues, management, marketing, international issues and quantitative analysis. As you move through your business courses you are putting the pieces together that form a foundation of business knowledge. This course is one of these pieces. Expect to see the concepts integrated into other courses and on the ETS exam. Required Text and Other Materials: Financial Accounting - Tools for Business Decision Making by Kimmel, Weygandt, and Kieso,7 th ed. WileyPLUS version 4 access code with textbook. The online access code with give students to WileyPlus the online course companion to the book in which all assignments and exams will be administered. Student Outcome Objectives: Upon completion of the course, students will be able to demonstrate 1) a solid foundation in the underlying accounting principles needed to understand and record the economic transactions of the firm, 2) an understanding of the various accounting users and their information needs, 3) an understanding of how businesses operate, and how accounting reports on the operations, financial condition, and cash flows of a business, and 4) an awareness of ethical considerations involved in the accounting functions of a company (integrated within the course topics.

2 Course Content: (subject to change at the instructor s discretion): COURSE TIMELINE Available Date Assignment Due Date INTRODUCTION TO WILEY PLUS Now Assignment Zero January 21 CHAPTER 1 INTRODUCTION TO FINANCIAL STATEMENTS January 15 C1 Reading January 22 January 15 C1 Lecture January 22 January 15 C1 Demonstration January 23 January 15 C1 Recommended January 23 January 15 C1 Homework January 23 January 15 C1 Quiz January 26 CHAPTER 2 A FURTHER LOOK AT FINANCIAL STATEMENTS January 18 C2 Reading January 26 January 18 C2 Lecture January 26 January 18 C2 Demonstration January 27 January 18 C2 Recommended January 27 January 18 C2 Homework January 27 January 18 C2 Quiz January 28 CHAPTER 3 THE ACCOUNTING INFORMATION SYSTEM January 25 C3 Reading January 28 January 25 C3 Lecture January 28 January 25 C3 Demonstration January 29 January 25 C3 Recommended January 29 January 25 C3 Homework January 29 January 25 C3 Quiz January 30 CHAPTER 4 ACCRUAL ACCOUNTING January 25 C4 Reading February 2 January 25 C4 Lecture February 2 January 25 C4 Demonstration February 2 January 25 C4 Recommended February 3

3 January 25 C4 Homework February 3 January 25 C4 Quiz February 4 EXAM 1 CHAPTERS 1 4 February 5 6:00 a.m. Exam February 5 9:00 a.m. ACCOUNTING CYCLE PROJECT February 5 Cycle Project February 13 CHAPTER 5 MERCHANDISING OPERATIONS AND THE MULTIPLE-STEP INCOME STATEMENT Date Available Assignment Due Date February 1 C5 Reading February 6 February 1 C5 Lecture February 6 February 1 C5 Demonstration February 9 February 1 C5 Recommended February 9 February 1 C5 Homework February 9 February 1 C5 Quiz February 10 CHAPTER 6 REPORTING AND ANALYZING INVENTORY February 1 C6 Reading February 10 February 1 C6 Lecture February 10 February 1 C6 Demonstration February 11 February 1 C6 Recommended February 11 February 1 C6 Homework February 12 February 1 C6 Quiz February 12 EXAM 2 CHAPTERS 5 6 February 13 6:00 a.m. Exam February 13 9:00 a.m. CHAPTER 7 INTERNAL CONTROL AND CASH February 8 C7 Reading February 13 February 8 C7 Lecture February 13 February 8 C7 Demonstration February 19 February 8 C7 Recommended February 19 February 8 C7 Homework February 19 February 8 C7 Quiz February 20

4 CHAPTER 8 REPORTING AND ANALYZING RECEIVABLES February 15 C8 Reading February 20 February 15 C8 Lecture February 20 February 15 C8 Demonstration February 23 February 15 C8 Recommended February 23 February 15 C8 Homework February 24 February 15 C8 Quiz February 24 CHAPTER 9 REPORTING AND ANALYZING LONG-LIVED ASSETS Date Available Assignment Due Date February 15 C9 Reading February 24 February 15 C9 Lecture February 25 February 15 C9 Demonstration February 25 February 15 C9 Recommended February 25 February 15 C9 Homework February 26 February 15 C9 Quiz February 26 EXAM 3 CHAPTERS 7 9 February 27 6:00 a.m. Exam February 27 9:00 a.m. CHAPTER 10 REPORTING AND ANALYZING LIABILITIES February 22 C10 Reading February 27 February 22 C10Lecture February 27 February 22 C10 Demonstration March 2 February 22 C10 Recommended March 2 February 22 C10 Homework March 2 February 22 C10 Quiz March 3 CHAPTER 11 REPORTING AND ANALYZING STOCKHOLDER S EQUITY February 22 C11 Reading March 3 February 22 C11 Lecture March 3 February 22 C11 Demonstration March 4 February 22 C11 Recommended March 4

5 February 22 C11 Homework March 4 February 22 C11 Quiz March 5 CHAPTER 12 STATEMENT OF CASH FLOWS Date Available Assignment Due Date March 1 C12 Reading March 5 March 1 C12 Lecture March 5 March 1 C12 Demonstration March 9 March 1 C12 Recommended March 9 March 1 C12 Homework March 9 March 1 C12 Quiz March 10 EXAM 4 CHAPTERS March 11 6:00 a.m. Exam March 11 9:00 a.m. Course Requirements: This online course is laid out similar to the face-to-face class. It is a combination of theoretical concepts and problem solving. Students will begin each chapter by reading the assigned materials and listening to the lectures. Once the readings and lectures are understood, students should view the demonstration problems and work through all of the recommended problems. Students should contact the instructor if they are having trouble understanding and working through the recommended problems. Students will then complete the homework problem and quiz for each chapter. These two assignments will be part of the student s course grade. Students will take the four exams. The exams will include multiple-choice questions and problems similar to the recommended problems, homework, and quizzes. o Failure to work the recommended problems will likely result in a disappointing grade on the exams and in this course. Methods of Evaluation: Exams: Four exams will be given. Exams will include problems and multiple-choice questions. Time allowed for the four chapter exams is one hour each. All exams will be accessed through WileyPlus. All exams should be taken alone in a quiet environment, without using other course materials or assistance or collaboration from others. Homework : Homework problems will be assigned for each chapter.

6 Homework problems will be accessed and completed through WileyPlus. All homework must be submitted before 10:00 p.m. on the date due. Late submissions will NOT be accepted. Accounting Cycle Project: A comprehensive problem covering the entire accounting cycle will be assigned after completion of Chapter 4. This project will be completed using WileyPlus and will be worth 25 points. The project must be submitted before 10:00 p.m. on the date due. Late projects will NOT be accepted. Students must successfully complete this project in order to receive a passing grade in the class. Successful completion will require the student to earn a 17.5 or above on the project. Students that do not successfully complete the project will receive a grade of "F" for the course. Quizzes: Twelve quizzes will be given. Each quiz is worth 5 points. The highest 6 quiz scores will be used in your total point s calculation. Quizzes will be accessed through WileyPLUS. All quizzes must be submitted before 10:00 p.m. on the date due. Late submissions will NOT be accepted. Grades Consist Of: Chapter homework problems Cycle Project 25 Total Points 515 Grading Scale: Final letter grades: Percentage A B C D F 59 & Below Make-up Procedure: Make-ups will not be given. If an exam or any other assignment is missed, a grade of zero will be awarded for the exam or assignment. Academic Honesty Policy: Students are expected to hold themselves to a high level of ethical behavior. No form of academic misconduct will be tolerated. Any form of academic misconduct will result in expulsion and a failing grade for the course. Academic misconduct includes, but is not limited to, cheating and

7 plagiarism. According to the Nicholls State University Student Code of Conduct, cheating and plagiarism are (partly) defined as follows: Cheating is the actual or even the attempted use of deception or fraud to improve one s grade or academic standing or to aid another student in doing so. Plagiarism is the presentation of the works, words, or ideas of others as one s own, or the use of others works, words, and ideas without giving proper acknowledgment through appropriate others to present one s work as their own. Furthermore, the Nicholls State University Student Code of Conduct states: In cases of academic dishonesty the instructor may handle the matter by invoking a maximum sanction of immediate expulsion from the course with a failing grade. If the student wishes to pursue the matter further, he/she must follow the procedures detailed in the Student Academic Grievances section of this Code. * If instructor suspects cheating, you will be required to have all exams proctored. * Allowing a student to copy your work/assignments constitutes cheating on your part. Multiple cheating offenses: Section Five of the Code of Student Conduct, Academic Dishonesty and Disruptive Behavior, includes a requirement that faculty file a charge complaint statement with their respective dean whenever a student is confronted or disciplined for cheating. The Office of Academic Affairs will maintain these records, and any student confronted and/or disciplined for multiple offenses of academic dishonesty will be brought before the Academic Affairs Integrity Committee for further review and potential sanctions. Please read the Code of Student Conduct for further details regarding this policy. For additional information on student conduct see the Student Code of Conduct at DROP DATE: The last day to drop a course with a W is: Friday, February 27, Americans With Disabilities Act: If you have a documented disability that requires assistance, you will need to register with the Office of Disability Services for coordination of your academic accommodations. The Office of Disability Services is located in Shaver Gym, Room 158-A. The phone number is (985) (TDD ). Academic Grievances: The proper procedure for filing grade appeals or grievances related to academic matters is listed in Section 5 of the Code of Student Conduct and at the following link: Continued Learning following an Extreme Emergency:

8 In order to make continued learning possible following an extreme emergency, students are responsible for: reading regular emergency notifications on the NSU website; knowing how to use and access Moodle and WileyPlus (or university designated electronic delivery system); being familiar with emergency guidelines; evacuating textbooks and other course materials; knowing their Moodle and WileyPlus(or designated system) student login and password; contacting faculty regarding their intentions for completing the course. Faculty are responsible for: their development in the use of the Moodle (or designated) software; having a plan for continuing their courses using only Moodle, WileyPlus and ; continuing their course in whatever way suits the completion of the course best, and being creative in the continuation of these courses; making adjustments or compensations to a student s progress in special programs with labs, clinical sequences or the like only in the immediate semester following the emergency. Announcements: Consult Moodle, WileyPlus, and your Nicholls daily for any class information, assignments, and grades.