ACCOUNTING 201 – SYLLABUS
UNIVERSITY OF HAWAI‘I AT MĀNOA
Spring 2015
Instructor: C.M. Ka‘iama Office: BusAd A413a
E-mail: Telephone: 956-7300
Office Hours: Tuesdays: 12:30 – 3:00, by appointment.
Email Monday – Friday; 8:00 am – 5 pm
Tutoring available after first midterm, to be announced in class.
COURSE SCHEDULE
Lecture Section 01 meets Tuesdays & Thursdays from 7:30 to 8:45 AM in Crawford 115
Lecture Section 02 meets Tuesdays & Thursdays from 9:00 to 10:15 AM in Crawford 115
Lecture Section 03 meets Tuesdays & Thursdays from 10:30 to 11:45 AM in Crawford 115
COURSE MATERIALS
Required Textbook: Horngren’s Financial & Managerial Accounting. Fourth Edition.
Nobles, Mattison, Matsumura. (Will be using only the Financial part)
Digital copy also available as an “ebook.”
Required Homework Software: Pearson MyLab/MyAccountingLab on-line homework:
http://pearsonmylab.com/. Includes power points and other resources.
COURSE DESCRIPTION
Sophomore standing (at least 25 credits) is a prerequisite for enrolling in this course.
This course is an introduction to the complex world of financial accounting. Students will be studying the business language used to report financial information about an entity to its present and potential investors, creditors and other interested parties. Technical, conceptual and international accounting issues will be discussed. Students should gain a basic understanding of reporting financial transactions through a complete study of a manual bookkeeping system in comparison to a fully, automated computerized system. Specific course objectives are outlined on Shidler SOA website under Accounting 201.
ATTENDANCE
Students are required to attend the lecture section that they are enrolled in. Exams are comprised of material covered in lecture AND from the textbook. As a student enrolled in Accounting 201, you are responsible for all sources of information. Since important announcements are made at the beginning of class, it is a good idea to be on time. If you have to miss class, it is highly recommended that you secure notes from a fellow student. The professor is happy to go over areas with you, individually, that you may have questions about if you missed class for a good reason. Please turn off cell phones at the beginning of class. In case of a bomb scare, fire or other campus emergency, class will meet in the “quad.” This is the grassy area between George, Crawford and Gartley Halls.
DROPS AND INCOMPLETES
January 20 is the last day to drop this course without the instructor’s consent and will not earn a grade of “W”. Since this course is considered within the Arts and Sciences offerings, students have until March 13 to petition for a grade of “W” but only for “serious extenuating circumstances beyond their control.” Such circumstances will have to be substantiated. As this form requires the professor’s signature, it is wise to plan ahead to secure it. Grades of Incomplete (I) will only be assigned to a student with a grade of “C” or above that was physically unable to complete a small fraction of the course.
GRADING
Each student’s course grade will be determined by the total number of points earned during the semester. Points are as follows:
Examination I 120 points
Final Examination 140 points
Homework, Assignments, In-class work 140 points
Total 400 points
The following is a distribution of the points necessary to earn a certain letter grade:
400 – 385______A+
384 – 373 A
372 – 360 A-
359 – 346______B+
345 – 333 B
332 – 320 B-
319 – 306______C+
305 – 293 C (required grade for admission to Shidler)
292 – 280 C-
279 – 266______D+
265 – 253 D
252 – 240 D-
239 - F
The instructor reserves the right to change this grading curve according to class performance. However, if a change does occur, required points for designated letter grades will never EXCEED the distribution outlined above. From review of historical class performance, approximately 10 % of the class will receive A’s, the next highest 15% will receive B’s, 50% will receive C’s, 15% will receive D’s and the lowest 10% will receive F’s. Currently for admission to Shidler College of Business, a grade of C or better is required in this class.
EXAMINATIONS
Examinations will be made up of a series of multiple choice, matching and work problems. They are closed books, closed notes. No make-ups will be allowed without PRIOR written approval by the instructor and/or written verification of an emergency. If you know you will be missing an exam due to extenuating circumstances (e.g. athletic team travel), be sure to notify the instructor BEFORE the exam is administered. In such cases, the instructor reserves the right to decide if a make-up will be allowed and whether or not to deduct points as deemed appropriate. Examination procedures require that you have a picture ID available to show proctors. You will be provided a simple calculator. You must use this calculator. Do not wear hats or caps or use ear phones during an exam. Not following these instructions or the instructions printed on your examination will result in a loss of points. For administrative purposes, all exam booklets along with the answer keys are to be handed in, whether taking the exam or reviewing results later, NO EXAMS ARE EVER REMOVED FROM THE CLASSROOM. Doing so will result in the student receiving an “F” for the course. Please keep in mind that according to CBA policy FINAL EXAMS CANNOT BE RESCHEDULED.
Final Exam sect. 01 that meets at 7:30 – Final is Thursday, May 14 at 7:30 – 9:30 am
Final Exam sect. 02 that meets at 9:00 – Final is Tuesday, May 12 at 9:45 – 11:45 am
Final Exam sect. 03 that meets at 10:30 – Final is Thursday, May 14 at 9:45 – 11:45 am
All Final exams will be proctored in Crawford 115.
HOMEWORK, ASSIGNMENTS, In-CLASS WORK
Homework (Twelve sets at 5 points each) 60
Assignments (1 & 2) as outlined below 30
In-Class Exercises (various point amounts each) 50
Total 140 points
Homework: We will be using the computerized version called: “MyAccountingLab” which comes with your textbook for homework. How to set up and use the accounting software will be explained in either the first or second day of class. Instructions for your section are also included in the “resources” section of Laulima for this class. The accompanying text website is also available for additional resources, a less expensive text option, practice exercises and quizzes, and other resources for you to access. Please attempt to get registered immediately, so that homework will be easier to complete when it comes due. Late homework will be accepted up to three days after the original due date of the assignment at a lower rate (3 points instead of 5). These exercises are also found at the end of each chapter in your textbook, and are listed on page 6 of this syllabus.
To register: go to www.pearsonmylabandmastering.com.
2. In Register section on the right click on “student”
3. Read instructions and click “OK! Register Now”
4. Enter Course ID: section 01, 02 and 03
5. Either “Create” a new Pearson username and password, or, if you already are registered for another Pearson product, sign in with that username and password.
6. Click “Access Code” if you purchased a package with an access code from the bookstore, OR purchase the instant access by clicking on the purchase options under the “Use a Credit Card or PayPal” section.
Assignment # 1 – due February 15, 2015, at midnight. Worth 15 points.
Complete comprehensive problem P 4-31 A at the end of chapter 4 in your textbook. Email your complete typed-out answers to me. Do NOT use MyAccountingLab for this assignment. Be sure to include “Accounting 201 Assignment 1 – section (and your lecture section number here)” in the subject line of your email and also have your complete name at the top of the solution that you attach. Solutions should not include the problem narrative – answers only please! Suggestion: begin working on this immediately after you have finished reading chapter 4, February 4.
Assignment # 2 – due March 22, 2015, at midnight. Worth 15 points.
Complete P 8-34 B at the end of chapter 8 in your textbook. Email your complete typed-out answers to me. Do NOT use MyAccountingLab for this assignment. Be sure to include “Accounting 201 Assignment 1 – section (and your lecture section number here)” in the subject line of your email and also have your complete name at the top of the solution that you attach. Solutions should not include the problem narrative – answers only please! Suggestion: begin working on this immediately after you have finished reading chapter 8, March 9.
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In-Class Problems –
Various exercises will be handed out randomly throughout the semester, to practice concepts learned. You will be instructed to work in teams and hand in one answer. Correct answers will earn points.
WEBCT CONNECTION
This syllabus and supplemental resources will be posted online at your MYUH account. This site will be used to upload pertinent materials. Once in MYUH class domain, click on “Laulima” then Active Site: “Accounting 201”, then on “Resources”. In order to log in initially, you must use your UH username and password. You will be notified either in class or via email of anything that has been added to this website that you may need for class.
DISABILITY
If you require assistance or special accommodations in class, please contact the Kokua Program located in Liliuokalani Student Services Center room 13. Their number is 956-7511.
ACADEMIC HONESTY
The UH Student Code of Conduct is available on line at: http://www.hawaii.edu/student/conduct. It is assumed that you have accessed this information and concur with the expectations set forth. Keep in mind specifically:
“Because UHM is an academic community with high professional standards, its teaching, research, and service purposes are seriously disrupted and subverted by academic dishonesty. Such dishonesty includes cheating and plagiarism…. Ignorance of these definitions will not provide an excuse for acts of academic dishonesty.”
Cheating includes but is not limited to giving or receiving unauthorized assistance during an examination; obtaining unauthorized information about an examination before it is given; submitting another’s work as one’s own; using prohibited sources of information during an examination; fabricating or falsifying data in experiments and other research; altering the record of any grade; altering answers after an examination has been submitted; falsifying any official University record; or misrepresentation of facts in order to obtain exemptions from course requirements.
Plagiarism includes but is not limited to submitting, in fulfillment of an academic requirement, any work that has been copied in whole or in part from another individual’s work without attributing that borrowed portion to the individual; neglecting to identify as a quotation another’s idea and particular phrasing that was not assimilated into the student’s language and style or paraphrasing a passage so that the reader is misled as to the source; submitting the same written or oral or artistic material in more than one course without obtaining authorization from the instructors involved; or “drylabbing” which includes obtaining and using experimental data and laboratory write-ups from other sections of a course or from previous terms.
Classroom Behavior: Both students and faculty have a responsibility for maintaining an appropriate learning environment. Students who fail to adhere to behavioral standards may be subject to discipline. Faculty must treat students with understanding, dignity and respect, to guide classroom discussion and to set reasonable limits on the manner in which students express opinions.
TENTATIVE LECTURE SCHEDULE
** ALL CHAPTERS SHOULD BE READ BEFORE COMING TO CLASS ASSIGNED BELOW. (E.G. You should have read the entire chapter 1 before you come to class on January 13.)
Jan 13 Orientation, Chapter 1 – Accounting and the Business Environment
15 Chapter 1
20 Chapter 2 – Recording Business Transactions
22 Chapter 2
27 Chapter 2
29 Chapter 3 – The Adjusting Process (omit Appendix 3A)
Feb 3 Chapter 3
5 Chapter 4 – Completing the Accounting Cycle
10 Chapter 4
12 Chapter 5 – Merchandising Operations
17 Chapter 5
19 Chapter 5 – and Appendix 5A
24 Chapter 6 – Merchandise Inventory
26 Chapter 6 – and Appendix 6A
Mar 3 Catch up and Review for Examination I
5 Examination I (chapters 1-6)
10 Chapter 7 – Internal Control and Cash (omit Petty Cash)
12 Chapter 8 – Receivables
17 Chapter 8
19 Chapter 9 – Plant Assets, Natural Resources, and Intangibles (omit Appendix 9A)
31 Chapter 9
Apr 2 Chapter 10 - Investments
7 Chapter 10
9 Chapter 11 – Current Liabilities and Payroll (omit Payroll)
14 Chapter 12 – Long-Term Liabilities
16 Chapter 12
21 Chapter 12 – and Appendix 12A
23 Chapter 13 – Stockholders’ Equity
28 Chapter 13
30 Chapter 14 – The Statement of Cash Flows
May 5 Chapter 14 – omit Appendix 14 A and B; final review time permitting
Professor reserves the right to make reasonable changes as necessary to this syllabus throughout the semester.
TENTATIVE ASSIGNMENT AND EXAMINATION SCHEDULE
All homework is due by Noon, Hawaiian Time, which is ON TIME through the MyAccounting-Lab website. 8-) Late homework allowed up to 3 days will receive partial credit.