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Principles of Financial Accounting

Accounting 2101 (3 credits) – Spring 2014

Clayton State University – Syllabus

Instructor: Dr. Lou Orchard, CPA Email: LouOrchard@mail.clayton.edu

Office: College of Business Building, rm. T252 Office Phone: 678-466-4510

Desire2Learn (D2L) web address (you’ll be prompted to log in): https://clayton.view.usg.edu/d2l/lp/homepage/home.d2l?ou=6612

Class meets: Tuesdays and Thursdays, from 11:15 a.m. to 12:30 p.m. in Natural & Behavioral Sciences, room (C)126 (Course Number 20620; Section Number 01).

Office Hours: Mondays, 3:00 to 6:00 p.m.; Wednesdays, 1:00 to 3:00 p.m., and by appointment. I may need to cancel (and reschedule) my Monday office hours a few times this semester, but

will announce these times ahead of time in class and/or on Desire2Learn.

If you would like to see me outside of office hours, I would be happy to meet with you! I ask that you make an appointment, though, so that I may devote my full attention to your concerns – and to ensure that I’m there for you. I reserve the right to limit students to 15 minutes of office hour time per day, although I have never invoked this right.

Important notes about email: if you email me, you must use your Clayton State University email account to do so. I am not allowed to communicate with you by email to any other email account. If you need help setting up your Clayton State University email account, please

contact the HUB at 678-466-4357. Please do NOT email me through

Desire2Learn (D2L), because I do not check my D2L email. If you wish to email

me, please email me at LouOrchard@clayton.edu through your CSU email account. I may occasionally email you through D2L simply because it allows me to easily send one message to everyone in the class, though I will usually make an announcement on D2L instead.

IF YOU EMAIL ME, YOU MUST PUT “ACCT 2101” IN THE SUBJECT LINE OF YOUR MESSAGE. If you email me without

putting “ACCT 2101” in the subject line, my response to you will be delayed, perhaps indefinitely. I generally check my CSU email daily, except when I am out of town, which I will try to announce in class and/or on Desire2Learn.

ACCT 2101 workshops and/or a limited amount of free tutoring may be available soon. Details will be posted on Desire2Learn as soon as I learn of them.

Most students find this course to be quite challenging. It will require a considerable amount of hard work on your part if you wish to succeed even at the “C” level

Prerequisites: basic knowledge of personal computers, and MATH 1101 (D) or MATH 1111 (D) or higher, based upon math placement scores.

Required Materials:

Students are required to be able to use WileyPlus, which is an online product that allows students to submit their homework answers online, as well as the textbook (textbook information

is below). At last check, WileyPlus costs $112.50 as a stand-alone product at www.WileyPlus.com (or $140 at the CSU bookstore) but an electronic version of the textbook is

free with purchase of WileyPlus. Most students prefer this option. If this is your choice, go to www.WileyPlus.com or the CSU bookstore and purchase WileyPlus (don’t buy the electronic version of the textbook first; again, the ebook is free with purchase of WileyPlus). I have been told by Wiley representatives that the electronic version of the textbook only allows use of the ebook for as long as the 5th edition of the textbook is being used by CSU.

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Alternatively, a student can purchase either a paperback, looseleaf (binder-ready) version of the textbook (ISBN: 978-1-118-34276-3), or a traditional hardcover version of the textbook (ISBN: 978-1-118-12816-9) and purchase access to WileyPlus for an additional $5. The CSU bookstore is selling the looseleaf version of the textbook, including WileyPlus, for approximately $200 new. According to Wiley’s website, the price of the hardcover version is $269.95. Clayton State’s bookstore carries only the e-book and paperback/looseleaf (with binder) versions.

More information about WileyPlus and how to obtain access to WileyPlus is on the third-to-

the-last page of this document.

The textbook is Accounting – Tools for Business Decision Making by Paul Kimmel, Jerry Weygandt, and Donald Kieso, 5th edition, published by Wiley, 2013.

Copies of most of the information presented visually in class may be found on Desire2Learn

(D2L), usually at least 24 hours before class. A No. 2 (or HB lead) pencil, high-quality eraser AND 5 standard-sized (4¼” x 11”) Scan-

tron test answer forms are required for exams – please bring them to class on the dates of exams. If you miss points on an exam because you did not follow instructions or because you didn’t have an appropriate pencil, eraser and/or Scan-tron test answer form with you at the time of the exam and therefore the computer misscores your exam, or you are unable to turn in your scores on a Scantron sheet, that would be YOUR fault (e.g., for not bringing the required materials), and your instructor will NOT hand-grade or “correct” your score. Your instructor does

not sell Scan-tron forms. The publisher has exercises and other resources (which may help facilitate earning a higher

grade) available online at www.wileyplus.com. To assist you in preparing for senior exit exams, you are strongly urged to retain

course and text materials, such as class notes, handouts, and PowerPoint files, from your core and major required classes.

Mission: The Mission of the College of Business at Clayton State University is to:

Prepare a diverse student body for business and professional careers by providing a quality education.

Provide a student-centered environment, using technology to enhance student learning.

Support faculty in applied and instructional research and service to the profession.

Serve primarily the metropolitan Atlanta area. Clayton State’s business program is accredited by the AACSB International, the most prestigious international accreditation body for business programs.

Course Description Introduction to the concepts, principles, and procedures pertaining to the preparation, analysis, and interpretation of the income statement, retained earnings statement, balance sheet, and cash flows statement for service and merchandising companies, with introduction to the measurement of inventory, receivables, liabilities, long-term assets, and stockholders’ equity.

Rationale for the Course You may wonder about the reason for having this course in your program of study. Accounting is the system that measures and records business activities, processes that information into useful reports, and communicates the results to decision-makers. For this reason accounting is perceived to be “the language of business”. People often use accounting information in one form or another in their jobs and personal lives. The better one understands the accounting language, the better he or she can use accounting information to make effective business

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decisions and to evaluate the impact of business strategies and decisions on the economic status of a company.

The demand for accounting graduates remains strong. Employers often hire accounting graduates because of their analytical background even though the positions do not encompass typical accounting responsibilities. You may obtain additional information about the accounting field and careers by checking the College of Business Web site for academic & career advisement: http://www.clayton.edu/business/advisement

Learning Outcomes This course introduces the process and the underlying principles for the preparation and interpretation of financial statements (i.e., Income Statement, Statement of Retained Earnings, Balance Sheet, and Cash Flow Statement) for use by stockholders, investors, creditors, government, and other external decision-makers. By the completion of the course, the student should be able to: 1. Recognize and explain the purpose of the general purpose financial statements (i.e.,Income

Statement, Statement of Retained Earnings, Balance Sheet, and Cash Flows Statement), and differentiate and compute various elements of the financial statements;

2. Recognize, interpret, and calculate financial ratios pertaining to the analysis of the general purpose financial statements;

3. Determine the impact of specific business transactions or errors on the financial statements; 4. Recognize, explain, and apply basic accounting principles and practices pertaining to cash,

receivables, merchandise inventory, assets, liabilities, and stockholders’ equity, and 5. Know the process by which business transactions are recorded and processed for the

preparation of financial statements in service and merchandising companies.

Competencies

In addition to achieving the course learning objectives, this course intends to enhance the

following competencies in students:

Competencies Instructional Activity Assessment

1. Critical Thinking Skills

a. Ability to organize and analyze information in a logical way

Activities throughout the course

Exams and Homework

b. Ability to read & interpret financial information

Activities throughout the course

Exams and Homework

General Information: Information in this syllabus is subject to change, in which case the change(s) will be announced in class and/or on Desire2Learn. All students are encouraged to attend and express themselves in class discussion. All students will be treated with equal respect by both me and other students in the class. Professional as well as ethical conduct is expected inside and outside the classroom. Out of courtesy to your fellow students and your instructor,

please turn off (or at least put in “silent” mode) all cell phones at the beginning of each class.

Your success in this course depends on you! This course is time consuming, and requires a considerable amount of time, effort, and preparation on your part on a daily/weekly basis – otherwise you may end up with disappointing results. Four ingredients will be important to your success. First, regularly attend class prepared. The lectures are designed to present the material assuming that you have studied the chapters ahead of time. Second, study the text. There is no substitute for this. The homework is designed to give you added incentive to read chapters in the text on a timely basis, which I strongly recommend that you do before we cover them in class (homework is covered in more detail under the grading section of this syllabus.) Third, get your hands dirty by working exercises and problems. It is impossible to learn

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accounting (as it is to learn, say, basketball) by reading and listening alone. The exercises and problems assigned for each chapter are designed to help you learn the material. Finally, ask questions if something in the textbook or something we cover in class doesn’t make sense to you, and don’t wait until just before the exams to get help: get help promptly if you need it. If your instructor writes information (such as an example) on the board, you should write down that information too.

You are responsible for all material in the assigned readings, whether covered in class or not, and for all material covered in class, whether found in the text or not. Your instructor will probably put at least one question on each exam covering material discussed in class but not found in the textbook, and/or vice versa.

Elements of Course Grade: Below are the course requirements, points possible for each, and important details.: % of Requirement Points grade Important details Exam 1 135 13.5% Exams are worth 800 points, or 80% of your grade. Exam 2 135 13.5% If your final exam score (%) exceeds the lowest Exam 3 135 13.5% score (%) of exams 1 thru 4, your final exam score Exam 4 135 13.5% (%) will replace your lowest exam score (%). Final Exam 260 26.0% The final exam is cumulative. Homework 200 20.0% Your two lowest homework scores will be dropped Totals 1,000 100.0% and will not affect your grade. Extra credit (poss.) 20 2.0% See below.

Grading Scale: Below are the percentages of the total possible points you will need in order to

be guaranteed to earn each grade. Your instructor reserves the right, but definitely not the obligation, to lower the percentages needed for any or all of these grades. If the percentages needed are lowered, they may be lowered by different amounts for different grades.

Grade % needed A 90% B 80% C 70% D 60%

Extra Credit Opportunities (20 points or 2% maximum) There are basically two ways in which you might be able to earn Extra Credit points, and one way in which you might decrease your number of such points:

Potential Extra Credit Opportunity number one (10 points or 1% maximum) – Speaker

Series. A maximum of 10 points out of 1,000 course points (i.e. 1%) added to the final overall course percentage may be earned for attending one of the events in either the Jim Wood Speaker Series or the Dean’s Distinguished Lecture Series (unless your points are decreased – see below). The Jim Wood Speaker Series provides a forum for some of Georgia’s most celebrated business personalities to engage in insightful discussion with tomorrow’s business leaders (that

would be YOU!). The goal of the series is to forge bonds between Georgia’s business leaders and our students while helping students gain insights into current business trends and corporate strategies. To get the extra credit, you must (a) bring your Laker Card with you to the event and swipe it as you enter, so there is a record of your attendance (or if there is no card-swiping capability at the event, write your name legibly on the sign-in sheet as you enter), and (b) show up on time,

since latecomers will not be allowed to attend. In addition, you might want to show up early, since seating and standing room is limited and on a first-come, first-served basis, and there may be very high attendance at some or all of these events.

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As of January 5, 2014, the following events have been scheduled in the Jim Wood Speaker Series for Spring 2014 (none have been scheduled for the Dean’s Distinguished Lecture Series for Spring 2014; watch the College of Business’ website for future events in these series’). The events currently scheduled are:

Ann Wilson Cramer, Wed., Jan. 15, 2014, 6:30 to 7:30 pm, Contin. Ed. Bldg, room (CE) 101. Tara Dennis, Wed., Feb. 19, 2014, 6:30 to 7:30 pm, Continuing Ed. Bldg, room (CE) 101. Roosevelt Giles, Wed., March 26, 2014, 6:30 to 7:30 pm, Contin. Ed. Bldg, room (CE) 101.

Go to the Knowledge Assets site to get more information about the Jim Wood Speaker Series events once it has been posted: http://business.clayton.edu/speakers.htm. Information about the Dean’s Distinguished Lecture Series can be obtained from the College of Business website, once it has been posted (http://www.clayton.edu/business/home; click on Speaker Series on the left, down below, and then click on Dean’s Distinguished Series).

Extra Credit Opportunity number two (10 points or 1% maximum) - Participation Your regular and active participation in class discussions is very important, for several reasons:

a. One of the course goals is to help develop your ability to communicate effectively, and participation is an important way to achieve this goal.

b. Participation lets me know how prepared and committed you are. c. Participation lets me know what material needs additional coverage.

Increasing your points: (1) If you ask what your instructor believes to be an extraordinarily good

question (I often get a few of these each semester) or find what your instructor believes is a

significant error in the textbook or homework solutions or in something I’ve said, that will ensure that you receive all of these points (unless your points are decreased – see below). The significance of any error pointed out will be determined solely by your instructor. (2) If you regularly respond to questions asked in class in a way that your instructor believes shows that you are thinking carefully about the subject matter, you will receive all of these points (unless your points are decreased – see below).

Extra-credit points may be decreased as follows: Research has shown that, while people are

often good at multitasking with certain combinations of tasks, when one of those tasks is

learning, multitasking interferes with that learning (http://www.npr.org/templates/story/story.php?storyId=7700581; click on “listen” to hear the story or on “transcript” to read it) Therefore, I ask while you are in class that you give me your undivided attention and do not engage in other tasks such as reading an unrelated book, text messaging, web surfing, talking with other students in the class, and so on. I tend to ask lots of questions during class in order to engage you in the learning process and to encourage

you to test your own knowledge. If I ask a question, and it appears that you are not listening,

I will try to call on you by name (this will not be a “freak” occurrence – rather, you should

plan on this happening if you attempt to multitask during class). If I call on you by name

(without you having offered to answer the question) and you do not give what I would

consider to be an acceptable answer (I’ll try to set the standard reasonably low for what is

considered “acceptable” for these purposes), I reserve the right to assess you 2.5 Perceived

Attention Deficit (PAD) points. In theory, for example, you could lose ALL credit for attending a Speaker Series event by being assessed Perceived Attention Deficit points on four occasions, although I reserve the right to limit the total number of PAD points a student can incur. PAD points will be posted on D2L ASAP. At the end of the semester, I am strongly inclined to ensure that no student has negative extra credit points.

Exams: The plan is to have five exams given during the semester (four mid-terms and one final). Exams will consist primarily (probably exclusively) of multiple choice questions. The final exam will be comprehensive in nature. All exams are taken individually. Once you receive the exam, you will not be allowed to leave the classroom for any reason (including bathroom breaks)

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until you submit (“turn in”) your exam to your instructor as compete (go to the bathroom and make your phone calls before you begin your exam). Unless a University-approved absence occurs, all exams must be taken when scheduled. If an emergency arises and you are unable to

take an examination as scheduled, you must make arrangements with me as soon as possible,

and in all cases before that exam is scheduled to take place. All exams are closed-

book, closed-notes. The use of any kind of electronic device (including computers of any kind, cell phones, PDAs, or pagers) during exams is prohibited, with the sole exception of a non-cell-phone, nongraphing, nonprogrammable calculator. Your instructor will almost certainly provide you with a “loaner” calculator for exams and/or quizzes, which you will be required to use instead of your own calculator. Exam time will not be extended if you arrive late for the exam. Plan ahead to arrive in sufficient time. You must bring a sharpened No. 2 (or HB) pencil, high-quality eraser, and Scan-tron answer sheet with you on exam days.

When we review the midterm exams in class, please recompute your

exam scores to determine that the score already posted on Desire2Learn is correct. However, please note that it is especially important that laptop computers, cell phones, PDAs etc. must remain closed and off during those classes. If you have your laptop open on those days, you

should expect me to come over and close it myself. If you have your cell phone visible that day in class, I reserve the right to (and I plan to)

“borrow it” for a period of up to one week. If your percentage score on the final exam is higher than your lowest percentage score from the first four exams, your percentage score on the final exam will be used in place of your lowest percentage score of your first four exam scores. However, your percentage score on the final exam will NOT replace the lowest percentage score of your first four exams if the lowest percentage score of your first four exams is the result of academic misconduct. The exams in this class, like the material itself, will be challenging for most students. Your instructor reserves the right (but definitely not the obligation) to add the same number of points to everyone’s score (for example, on exam 1) in order to compensate for the difficulty of the exam. In such cases, the number of points added to each student’s exam score will be noted in class and/or on Desire2Learn. Each exam score (% x 100), except for the final exam, times 1.35 equals your weighted points for that exam (out of 1,000 possible for the course). Your final exam score (% x 100) times 2.6 equals your weighted points for the final exam (out of 1,000 possible for the course).

Homework: You will almost certainly not succeed in this class, even at the “C” level,

unless you complete at least the assigned homework problems or exercises by the time

they are due. In addition to the assigned homework, it is strongly recommended that you also

work at least some of the brief exercises and/or exercises that are not assigned for credit from each of the assigned chapters. One homework score will be assigned from each chapter for

which homework is assigned. Your two lowest homework scores (i.e., one from each of two

chapters) will be dropped and will not affect your grade. In other words, your overall homework score will be based only on your homework scores that are not dropped.

Assigned homework exercises and problems (at least for the first chapter or two) are listed on the schedule at the end of this document. This schedule will be updated from time to time with

the assigned homework for subsequent chapters. All homework must be submitted online

through www.WileyPlus.com (see discussion of WileyPlus above under “Required Materials” above). Because WileyPlus typically provides feedback on how to work the exercise or problem

after the due date, late homework will not be accepted, and your instructor does not plan to work the assignments during class time unless you have questions about them after turning them in, in which case I would be happy to work them in class if time permits. If you don’t understand how to work a homework exercise or problem after having submitted your answer(s) online, you should ask about it during the class period after it is due, and take notes on how to solve it. Assuming that there will be homework due from 12 chapters, and that your two lowest homework scores won’t count, and that each chapter’s homework will be a percentage (for example, 90%),

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then the percentage score from each chapter’s homework that is not dropped because it is one of your two lowest, times 20, equals your weighted points for that chapter’s homework (out of 1,000 possible for the course). Important Date: . Friday, March 7 is “Midpoint” - Last day to withdraw from the course and receive a grade of “W.”

Additional Class Policies

a. You need to be aware of the Basic Undergraduate Student Responsibilities at Clayton State University (click on this link to learn more).

b. COMPUTING REQUIREMENTS AND RESPONSIBILITIES: Each student enrolled at Clayton State University is required to have ready access throughout

the semester to a notebook computer that meets faculty-approved hardware and software requirements for the student's academic program. Also, each student is responsible for monitoring the Clayton State issued email address on a regular basis for official communications from faculty and administrators.

That having been said, experience has shown that when your instructor allows students to use laptop computers or cellphones during this class, the vast majority of that computer and cellphone use ends up being for non-class-related purposes, and proves to be a

distraction and a learning impediment. For that reason, the use of computers (such as laptops, tablets and smartphones) during class is STRICTLY prohibited, even to follow along with the Powerpoints or to take notes, except in

those rare situations in which your instructor indicates that use of computers is allowed.

Some of those rare exceptions will be when we work certain problem in class. The use of cellphones for phone calls or for sending text messages during class is also strictly prohibited. The instructor reserves the

right to “borrow” the cellphones of violators of this policy until the end of that class

period. Please Note: Texting “under the desk” is not permitted

(save it for after class)! c. Assignments

You are responsible for everything that is assigned in the textbook, whether or not it is covered in class. If a subject was not reasonably important, it would not be in the textbook. It is your responsibility to read the entire assigned chapters and work the assigned and recommended questions, exercises and problems. If you need clarification of any point in textbook please ask me during class or during office hours.

d. Attendance and Punctuality

1. Regular attendance and punctuality are expected and necessary in order to attain maximum success in your studies and course grade. Plan your time and responsibilities accordingly.

2. Late arrivals to class and early exits from class are disruptive to other students and the instructor. There are times when your safety, or the safety of others, may mean you will be late for class. This is reasonable and acceptable. Any consistency or pattern of absence or lateness will be considered in evaluating final grades.

3. An absence does not relieve you of responsibility for knowledge of what goes on in the classroom in your absence, including (but not limited to) changes in due dates, etc. It is your sole responsibility to find out what transpired from a classmate. If you must miss

class for some reason (but not an exam or quiz), you do not need to inform me of that fact. No participation points will be given for a day you are absent, no matter how legitimate the reason for the absence, because it is impossible for you to ask or answer

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questions in class if you are absent, and because asking or answering questions in class are not the only way in which participation points can be earned.

e. Communication

1. All communication outside of class should be through Desire2Learn, your Clayton State University e-mail, telephone or face-to face interaction.

2. Failure to read D2L and read your e-mail does not relieve you of responsibility for knowledge of assignments, or the consequences of any changes in any course/learner requirements.

3. It is your sole responsibility to insure that your computer, Desire2Learn and e-mail account are functioning and current. When you are confronting any computer related problems contact the HUB to correct the problem.

f. Academic Honesty, Disruptive Behavior, and Adherence to University Policy and Procedures Students must abide by policies in the University Catalog, Student Handbook, and (if applicable) program handbook. Plagiarism, unauthorized collaboration on academic projects, and cheating are prohibited. Plagiarism is the act of stating or implying that another person’s work is your own. I will not tolerate academic dishonesty, including plagiarism. Please be sure you understand what plagiarism is and how to avoid it. One useful resource is: “http://www.indiana.edu/~wts/pamphlets/plagiarism.shtml”. The Student Code of Conduct, which can be downloaded from http://www.clayton.edu/student-conduct (click on “Student Code of Conduct” on the left, near the top) specifies which behaviors (including but not limited to academic dishonesty) are prohibited. If you are found to have engaged in academic misconduct, you will receive a grade of “F” in this class, and possibly be subject to additional sanctions by the University. Excerpted from the Student Code of Conduct and Regulation:

“Academic integrity is of paramount importance at CSU. An act of academic misconduct may seriously compromise the learning process for the violator and for other students if it occurs without appropriate disciplinary consequences. Academic misconduct is defined by the following regulations: A. Behavior which disrupts the teaching–learning process during class activities will not be

tolerated. This includes belligerent, abusive, profane, and/or threatening behavior. A student who fails to respond to reasonable faculty direction regarding classroom behavior and/or behavior while participating in classroom activities may be dismissed from class.

A student who is dismissed is entitled to due process and will be afforded such rights as soon as possible following dismissal. If found in violation, a student may be administratively withdrawn and may receive a grade of WF.

B. No student will receive or give assistance not authorized by the instructor in the preparation of any assignment, essay, laboratory report, or examination to be submitted as a requirement for an academic course.

C. No student will take or attempt to take, steal or otherwise procure in an unauthorized manner any material pertaining to the conduct of a class, including but not limited to tests, examinations, laboratory equipment and roll books. No student will make use of any materials, aids, tools, or devices not specifically condoned by the instructor in preparing academic assignments or while taking an examination.

D. No student will sell, give, lend or otherwise furnish to anyone material which can be shown to contain the questions or answers to any examinations scheduled to be given at any subsequent date in any course of study offered by the University, without authorization from the instructor.

E. No student will represent the work of others as his or her own. Themes, essays, term papers, tests, presentations and other similar assignments must be the work of the student submitting them. When direct quotations are used, they must be indicated and when the ideas of another are incorporated, they must be appropriately acknowledged.

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F. No student will give or receive assistance; take, steal or otherwise procure any unauthorized materials, or otherwise commit an infraction of the established rules and procedures governing the administration of tests or exams, including for national or local testing programs.”

g. Assistance:

Students with disabilities must register with the Disability Resource Center (DRC) in order to obtain disability-related academic accommodations. The office is located in Room 255-Student Center and may be contacted by email at DisabilityResourceCenter@Clayton.edu or phone 678-466-5445. Students currently registered with the DRC should contact the professor as early in the semester as possible to discuss their disability-related course needs. It is the student’s responsibility to provide an accommodation verification letter issued by the DRC, as well as forms for any alternate testing, to the professor in a timely manner.

To obtain this document (or any document in the School of Business) in an alternative format, contact Louise Bedrossian DRC Director, or Tameeka Hunter, Assistant Director, at 678-466-5445. Emails: LouiseBedrossian@Clayton.edu and TameekaHunter@clayton.edu.

h. The CSU policy concerning children in classes and on-campus

1. Children are not permitted in classrooms.

2. Faculty will not allow children to be present in their classrooms. If a student brings children to class, the student and children must be told to leave the classroom.

3. Unattended children will not be permitted on-campus (in hallways, the gym, the library, outside of buildings, etc.).

4. Public Safety (770-961-3540) will be notified if unattended children are observed on campus. If faculty or staff observe unattended children on-campus, they are responsible for informing Public Safety. The campus police will take any unattended children to the classroom of the parent, and will get the parent out of class. The parent will not be permitted to bring such children into the classroom.

5. Parents are referred to Campus Life UC Suite 204, (678) 466- LIFE for information concerning childcare facilities off-campus.

i. MID-TERM PROGRESS REPORT: The mid-term grade in this course, which will be issued during the period from February 17 to

March 3, reflects approximately 13.5% of the entire course grade. Based on this grade, students may choose to withdraw from the course and receive a grade of “W.” Students pursuing this option must fill out an official withdrawal form, available in the Office of the Registrar, by mid-term, which occurs on Friday, March 7.

j. Professional Dress Day

An important element to being a professional is knowing how to “look the part.” Knowing how to dress professionally will help you make great first impressions and establish credibility throughout your career. Therefore, The School of Business has instituted a Professional Dress Day for all Business courses.

You are required to “Dress for Success” (Dress Professionally) on the days we have

speakers on campus for the Jim Wood Speaker Series and the Dean’s Lecture Series (although this requirement will not be enforced). The only dates announced so far of any such speakers during Spring 2014 are on Wednesdays, Jan. 15, Feb. 19, & March 26 (not days on which this class meets). Dressing for success is (surprise!) different for men and women so please see the following link for hints on what to wear, and to see pictures of students who are properly “dressed for success”: http://Business.clayton.edu/dressforsuccess.htm.

(continued…)

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k. Disruptive Classroom Behavior Disruptive behavior in the classroom can negatively affect the classroom environment as well as the educational experience for students enrolled in the course. Disruptive behavior is defined as any behaviors that hamper the ability of instructors to teach or students to learn. Common examples of disruptive behaviors include, but are not limited to:

· Monopolizing classroom discussions · Failing to respect the rights of other students to express their viewpoints · Talking when the instructor or others are speaking · Constant questions or interruptions which interfere with the instructor’s presentation · Overt inattentiveness (e.g., sleeping or reading the paper in class) · Creating excessive noise · Entering the class late or leaving early · Use of pagers or cell phones (including text messaging) in the classroom · Inordinate or inappropriate demands for time or attention · Poor personal hygiene (e.g., noticeably offensive body odor) · Refusal to comply with faculty direction

Students exhibiting these types of behaviors can expect a warning from the instructor or dismissal for the lesson in which the behavior occurs. Failure to correct such behaviors can result in dismissal from the course.

l. Operation Study: At Clayton State University, we expect and support high motivation and

academic achievement. Look for Operation Study activities and programs this semester that are designed to enhance your academic success such as study sessions, study breaks, workshops, and opportunities to earn Study Bucks (for use in the Loch Shop/University Bookstore) and other items.

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More information about WileyPlus: With WileyPlus, you will be able to do the following, 24/7: 1. have access to the complete electronic/online version of the textbook; 2. be able to submit your answers to the required homework, often with instant feedback on your

performance, and 3. have access to additional study aids and learning tools such as videos, interactive tutorials,

publisher-provided Powerpoint slides for the chapters (which your instructor modified in order to derive the Powerpoint slides presented in class and posted on Desire2Learn), the answers to selected homework problems after submitting your answers, practice questions, “flash cards,” and much more.

To access WileyPlus, you need a registration code that you may purchase from the bookstore (for $140), or buy it online from www.wileyplus.com using your credit card (cost was $95 in Fall 2013): Follow these steps to register for (obtain access to) WileyPlus: 1. Copy and paste the following URL into your browser: https://www.wileyplus.com/ 2. Click “Get Started,” the green button on the right side of the screen. 3. In the box prompting you to “Enter your school name,” type in Clayton State University. 4. Click “Find”; on the next screen. Then click on the “By Instructor” tab. Then click on the “plus

in a box” icon to the left of “Orchard, Lou.” 5. Click the green “right arrow” that corresponds to your class. 6. Assuming that you don’t already have a WileyPlus account number, click the “Create

Account” button. 7. Read the License Agreement, and click the box next to “I agree to these terms,” and then

click “continue.” 8. Enter the registration code that you have purchased (or click “Buy Course Access”). 9. Submit the necessary information to complete your registration. Wiley gives you a 14 day “grace period” in which you can use Wiley Plus without paying for it, but if you don’t pay for it within 14 days of when you first use it, you will no longer be able to use it. I suggest that you add the above URL for WileyPlus to your favorites on your computer. Your required homework assignments and due dates will be posted on WileyPlus, rather than on the following schedule, which does list the tentative due dates for the assignments. For help with WileyPlus, go to www.wileyplus.com/support and click on the “live chat” tab.

12

Summary of ACCT 2101 Syllabus

You are responsible for reading everything in this syllabus. This summary is for reference only.

1. See pg. 1 for instructor’s name, email address, office number and phone number, as

well as the D2L address, office hours, and days and times that the class meets.

2. Do not email your instructor through D2L. Any emails you send to your instructor

MUST include ACCT 2101 in the subject line (and be sent from your CSU email

account) or they will not be answered.

3. See pg. 1 for prerequisites. See pgs. 1 & 2 for required materials (access to WileyPlus and the textbook, as well as proper pencils, erasers and scan-tron cards). You should keep your textbook, notes, Powerpoints etc. in order to assist you in preparing for senior exit exams.

4. The Mission of the College and the Course Description are on pg. 2. The rationale for, learning outcomes of, and competencies intended to be enhanced by the course are on pgs. 2 & 3.

5. Please turn off or put in silent mode all cell phones at the beginning of each

class.

6. Tips for success, elements of your course grade, and the grading scale are on pgs. 3 & 4.

7. Ways to earn and to lose extra credit points are on pgs. 4 & 5. I have strong

expectations that you will pay attention during the entire class, every class:

There are 168 hours per week. If you can’t pay attention for 2.5 per week, you probably don’t belong in the class.

8. If you must miss an exam, you must notify me of your absence and the reason

for it before the beginning of the exam, and in a timely manner provide a documented reason for missing it, or else you will receive a score of zero for that

exam. Computing devices must remain off on the days that we review exams. If

your cell phone is visible while we are reviewing an exam, I will confiscate

your phone and keep it for one week.

9. With rare exceptions which will be announced in class, the use of computers in

this class is strictly prohibited, even to take notes. The use of cell phones for any purpose other than reading emergency text messages is strictly prohibited (so

sending text messages during class is strictly prohibited, including use of the

“under the desk” technique). Violation of this cell phone policy will result in your instructor borrowing your cell phone for the duration of class.

10. See pgs. 8, 9 & 10 regarding academic honesty, disruptive behavior, and adherence to University policies & procedures. See pg. 11 for information about WileyPlus.

11. See pgs. 13 & 14 for the class schedule, including dates of exams, homework

assignments & homework due dates (homework assignments & due dates are subject to change).

13

Class and Assignment Schedule

Principles of Financial Accounting – Spring 2014 – Dr. Orchard (Subject to change; updates will be posted to Desire2Learn and/or on WileyPlus)

See WileyPlus.com for the “official” list of assignments that are due. Please note that some online exercises and problems use different numbers than in the textbook, in

which case you need to use the numbers on WileyPlus, not the ones in your textbook.

Tues Jan. 14 Introduction to the class; expectations; Begin Ch. 1 (Introduction to Financial Statements) Thurs Jan. 16 Chapter 1; Start Ch. 2 (A Closer Look at Financial Statements) Practice Homework Assignment due Monday, January 27, 1:00 am. (ONE IN THE MORNING!) Practice Homework is not from the textbook and doesn’t affect your grade. I strongly suggest that you do the practice homework assignment the weekend of Jan. 18 & 19. Tues Jan. 21 Chapter 2 Thurs Jan. 23 Chapter 2 Chapter 1 Homework due Monday, January 27, 1:00 am Ch. 1 Homework is not from the textbook. Tues Jan. 28 Chapter 3 (The Accounting Process) Thurs Jan. 30 Chapter 3 Chapter 2 Homework due Monday, February 3, 1:00 am

Ch. 2 Homework: Do It! Reviews 2-3 & 2-4; Problem 2-2A. Tues Feb. 4 Chapter 4 (The Accrual Basis of Accounting and Adjusting Journal Entries) Thurs Feb. 6 Chapter 4 Chapter 3 Homework due Monday, February 10, 1:00 am

Ch. 3 Homework: Problems 3-6A & 3-4A Tues Feb. 11 Chapter 5 (Merchandising Companies; Multi-Step Income Statement)

Thurs Feb. 13 Exam 1 (Covers Chapters 1, 2, and 3 only); Chapter 5

Chapter 4 Homework due Monday, February 17, 1:00 am

Ch. 4 Homework: Brief Exercise 4-3; Problem 4-8A Tues Feb. 18 Chapter 5 Thurs Feb. 20 Review Exam 1; Ch. 6 (Inventory) Chapter 5 Homework due Monday, February 24, 1:00 am

Ch. 5 Homework: Exercise 5-8; Problem 5-1A

Tues Feb. 25 Chapter 6 Thurs Feb. 27 Chapter 6; Chapter 7 (Fraud, Internal Control, and Cash) No homework due this weekend (study for Exam 2 &/or start Ch. 6 HW early) Tues Mar. 4 Chapter 7; Chapter 8 (Receivables)

Thurs Mar. 6 Exam 2 (Covers Chapters 4 & 5 only)

Chapter 6 Homework due Monday, March 17, 1:00 am

Ch. 6 Homework: Brief Exercise 6-11; Exercises 6-5, 6-6, and 6-10.

(continued…)

14

Class and Assignment Schedule (page 2 of 2)

Principles of Financial Accounting - Spring 2014 – Dr. Orchard

Tues Mar. 11 Spring Break – No Classes – it is suggested, but not required, that you work the Ch. 7 homework

this week.

Thurs Mar. 13 Spring Break – No Classes Tues Mar. 18 Chapter 8 (Receivables) Thurs Mar. 20 Review Exam 2; Chapter 8; Chapter 9 (Long-Lived Assets) Chapter 7 Homework due Monday, March 24, 1:00 am

Ch. 7 Homework: Brief Exercises 7-1 and 7-3; Exercise 7-3; Problem 7-4A Tues Mar. 25 Chapter 8; Chapter 9

Thurs Mar. 27 Chapter 9; Appendix D (Time Value of Money) Chapter 8 Homework due Monday, March 31, 1:00 am

Ch. 8 Homework: Problem 8-1A (parts a, b, c & d); Problem 8-9A

Tues Apr. 1 Appendix D; Chapter 10 (Liabilities)

Thurs Apr. 3 Exam 3 (Covers Chapters 6 through 8 only)

Chapter 9 Homework due Monday, April 7, 1:00 am

Ch. 9 Homework: Brief Exercise 9-10; Exercise 9-5; Do It! Reviews 9-2, 9-3, and 9-4.

Tues Apr. 8 Chapter 10; Ch. 11 (Stockholders’ Equity) Thurs Apr. 10 Review Exam 3; Chapter 11 Textbook Appendix D & Chapter 10 Homework due Monday, April 14, 1:00 am

Appendix D & Ch. 10 Homework: Brief Exercises D-1, D-5, D-9, D-12, & D-13; Exercise 10-21. Tues Apr. 15 Chapter 11 Thurs Apr. 17 Chapter 13 (Financial Statement Analysis) No homework due this weekend (study for Exam 4 &/or start Ch. 11 HW early) Tues Apr. 22 Chapter 13; Chapter 12 (Statement of Cash Flows)

Thurs Apr. 24 Exam 4 (Covers Chapters 9 and 10 and Appendix D only)

Chapter 11 Homework due Monday, April 28, 1:00 am

Ch. 11 Homework: Brief Exercises 11-4 & 11-11; Exercise 11-7; Do It! Review 11-4.

Tues Apr. 29 Chapter 12 Thurs May 1 Review Exam 4; Chapter 12; last class meeting. Chapter 13 Homework due Monday, May 5, 1:00 am

Ch. 13 Homework: Brief Exercises 13-2 & 13-5; Problem 13-2A.

No Chapter 12 Homework Due

Thurs, May 8 (10:15 am to 12:15 pm) Final Exam (comprehensive/cumulative)