ACCT 209--FINANCIAL ACCOUNTING B

ACCT 209--FINANCIAL ACCOUNTING B

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COURSE OBJECTIVES

The primary objective of this course is to enable students to understand how accounting meets the information needs of various users by developing and communicating information for decision-making. The course is designed to introduce accounting and its fundamental concepts to students who have little or no background in business or the financial aspects of an entity but who will likely use such information in future roles as owners and operators of businesses, entrepreneurs, employees, managers, investors, and/or taxpaying citizens.

 By the end of the semester, students should

   understand the role and purpose of accounting in business and society.

   understand accounting- and business-related terms and concepts.

   have knowledge of the conceptual framework of accounting and how it relates to accounting principles.

   have an understanding of the basic mechanics of the accounting process and the creation of financial statements.

   have developed the skills required to effectively use financial information in decision- making.

further we will learn ACCT 304 accounting theory

REQUIRED TEXT

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The text this semester is available in several formats. Students may choose to read the book on-line (at no cost), or for a fee print their own, download as an e-book, or order a hard copy. Information about the various options is available at the publisher’s web site: https://www.blogger.com/home

COURSE FORMAT

At the outset of the course, it is essential to realize that accounting must be learned by doing. You simply cannot master accounting solely by listening and observing – you must do it yourself. Accordingly, this course is presented as a hybrid course, which means that the course will combine classroom instruction with extensive out-of-classroom work, including computer-based, on-line learning. You will meet in a classroom setting for 75 minutes one day per week. Detailed information and assignments will be available on-line using Texas A&M’s e-learning web site.

The hybrid format offers you flexibility in scheduling the time you devote to your coursework, but it also requires you to be responsible for keeping current with all material and assignments. Accounting is a demanding course. Again, unlike many courses, accounting cannot be learned by listening and observing someone else explain, discuss and illustrate concepts, and work problems. It is absolutely essential that you become actively involved in all phases of the learning process! Falling behind in preparation, even for a single class, is the most frequent cause of difficulty in the study of accounting.

EXAMINATIONS

Examinations will be given using the traditional paper-and-pencil format, and will be given on scheduled Monday nights, Sept 24, Oct 22, and Nov 19, from 7:15 – 9:00 pm. Exam room assignments will be posted outside Wehner 113 by 7pm on exam nights. Exams will include multiple-choice and other objective-type questions. The required final exam will be given during the final exam period (see “Important Dates” below for final exam times). Students are required to provide their own scantron answer sheets (8.5” x 11” gray paper) for each exam. Only non-programmable calculators are allowed during exams. Students will be asked to show a picture ID at each exam.

Make-up exams will be allowed only for students with a university-excused absence or who have made arrangements in advance with the instructor. Detailed information on university-excused absences may be found at http://student-rules.tamu.edu/rule07. Makeup examinations will be given on scheduled Fridays (Oct 5, Nov 2, and Nov 30) from 3:00 – 4:45 PM in Wehner 114.

ON- LINE HOMEWORK

Homework will be assigned weekly during the semester. Homework assignments will be made available on-line every Tuesday; the assignment will be due the following Monday by 10 pm and will be submitted using e-learning. The computer system will not allow late submissions, and since students have ample time to submit each homework assignment, no homework will be accepted after the due date. Fourteen assignments worth at least 10 points each will be assigned, but the maximum number of homework points that will count in the course total is 120. Note: the homework total is not calculated as the total of the 12 highest homework grades. It is the total number of points earned on all homework assignments submitted, up to a maximum of 120 points. Points earned in excess of the 120 point maximum will not count as “extra credit”.

PRACTICE PROBLEM

A practice problem in financial statement analysis will be assigned near the end of the semester; this problem will be completed outside of class. The practice problem will be graded based on a related on-line quiz; the due dates for the project will be announced well in advance and no late submissions will be accepted.

GRADE APPEALS/CHANGES

If you believe an error has been made in grading or recording an assignment/exam, you must submit a written request (e-mail is acceptable) for review within one week of the date the assignment/exam score was made available to the class (posted on the course web site). It is therefore critical that you check the on-line gradebook and review all graded materials on a timely basis.

HELP

Help is available from a number of sources to assist you in the course. The instructor has scheduled office hours each week. Review sessions will be held before each major exam (time, date, and location will be announced in class and posted on the course web site). Also, the accounting department has an Accounting Help Desk located on the fourth floor of Wehner at the end of the west hallway next to stairway A. The Help Desk is staffed by upper-level and graduate accounting majors who are available to help you with quizzes, practice problems, or any questions over course material. Help Desk hours will be announced as soon as they are available.

SOME (hopefully) HELPFUL HINTS

In accounting, your understanding of new topics often depends on your comprehension of prior concepts rather than mere memorization. Do not be afraid to ask questions at any time. The minute you feel that you are confused or getting lost, ask questions or ask for help. Do not be intimated by the size of the class.

Complete all assignments on a timely basis. If you don't understand a concept, work additional problems until you do. In accounting, hard work really does pay off! This is definitely not a course you can wait to prepare for the night before an exam.

The importance of

 (1) reading and completing all assignments on a regular basis,

 (2) developing a sound foundation by understanding and applying concepts,

 (3) attending class, and

(4) actively participating in each class is critical to success in the class.

STUDENTS WITH DISABILITIES

The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities, please see your instructor with in the first two weeks of the semester so that appropriate arrangements may be made.

STATEMENT OF ETHICS AND SCHOLASTIC DISHONESTY

Academic dishonesty in any form simply will not be tolerated. Such actions include, but are not limited to: copying, sharing or obtaining information from any unauthorized source during examinations or quizzes; copying from or unauthorized sharing of homework assignments (including the practice problem); attempting to take credit for the intellectual creation of others as one's own work; falsifying information; and giving or receiving information about a test, quiz, or assignment to students in your class or in other sections of the course.

Texas A&M University has demonstrated its commitment to academic integrity through its honor code – “An Aggie does not lie, cheat, or steal, nor tolerate those who do”. Upon accepting admission to Texas A&M University, a student immediately assumes a commitment to uphold the Honor Code, to accept responsibility for learning, and to follow the philosophy and rules of the Honor System. Ignorance of the rules does not exclude any member of the Texas A&M University community from the requirements or procedures of the Honor System. For additional information please visit https://www.blogger.com/home

BUILDING

We have beautiful and state-of-the-art classrooms in the Wehner Building. We wish to maintain the high quality conditions of these classrooms for the students in future years. Thus, it is necessary for you to adhere to the established policy of NO BEVERAGES, FOOD, TOBACCO PRODUCTS, OR ANIMALS (unless approved) in any classrooms. Your assistance is greatly appreciated.

IMPORTANT NOTE:

We in the Department of Accounting want your work in each and every accounting course to be a challenging, rewarding and pleasant experience. The Department and your instructor wish to be of assistance to you in any and every way possible.

Thank you for your help and best wishes for every success in your studies.