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ACCT 201-75 -- PRINCIPLES OF ACCOUNTING IProf MICHAEL F. WADE, CPA FALL 2011

DAVIDSON HALL – Room 107Th 5:30pm – 8:15pm

OFFICE: College of Business

TELEPHONE: 502 767-7937

E-MAIL: mfwade01@louisville.edu

OFFICE HOURS: By appointment

WEBSITE: BLACKBOARD will be used to communicate with you. Please checkBLACKBOARD periodically for postings.

TEXT: Required: Financial Accounting Fundamentals (Third Edition) by John Wild (ISBN978-0-07-352704-8)

McGraw-Hill’s Connent Accounting Software http://connect.mcgraw-hill.com/class/wade_fall2011_acct201-75

SUPPLEMENTARY MATERIALS: PowerPoint slides, practice quizzes, and other student resourcesare available for the above textbook at the following website: http://highered.mcgraw-hill.com/sites/0073527041/information_center_view0/ At the website, click on the above textbook. On

the next screen, look on the left and click onStudent Edition

. Then, choose a chapter to work on.Course Description:This course focuses on the relevance and interpretation of accounting information for decision making.Preparation of financial statements is also covered.

Course Learning Objectives:1. Describe the financial accounting information system and its function in organizations.2. Describe the role of the external auditor and the function of external reports.3. Describe the importance of ethics, judgment, communication, and interpersonal skills in dealing

with accounting issues.4. Analyze basic accounting concepts in terms of their underlying purposes, practical applications,

and limitations.5. Give examples of how alternative accounting methods can affect financial statements.6. Interpret and evaluate accounting reports and statements, including ratio analysis.7. Describe the relationships of financial accounting with other disciplines as well as the behavioral

implications of financial accounting information.8. Describe internal controls and their function in organizations.

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ACCT 201 Syllabus M. WadeFall 2011 Page 2Determination of Grade and Grade ScaleExam #1...................................................................................................100 pointsExam #2.....................................................................................................100 pointsExam #3.....................................................................................................100 pointsExam #4.....................................................................................................100 pointsOn-Line Homework Assignments - 30 Points per Chapter .....................390 points5 In-Class Assignment – 10 Points each. Graded Assignments will be given randomly at theend of class period ......................................................................................50 pointsBlackboard Discussion Board …………………………… …………………. 50pointsTOTAL POINTS ...........................................................................……… 890 pointsThe Final Exam may substitute for the lowest Exam score.Your grade will be computed as shown below:GRADE POINTSA+ 863-890A 837-862A- 801-836B+ 774-800B 748-773B- 712-747C+ 685-711C 659-684C- 623-658D+ 596-622D 570-595D- 534-569F Below 533

ExamsExams are expected to be taken at the scheduled time. Exams will be in-class, closed book, and

closed notes. Only a four-function calculator will be allowed. No programmable calculators areallowed. No cell phone calculator. On The exams will consist of multiple choice questions and/or problems.

In instances of missed exams for any reason besides a school authorized activity or an extendedhospital stay, then there will be two alternate dates given to complete the missed exam. One alternatedate will be around mid-term and another during finals week. The dates will be announced later in thesemester. This should be a rare occurrence and there needs to be a valid reason.The makeup exam will cover the missed chapters. It will be a different exam that iscomputer generated and will cover all the material in the chapter including anyappendices (even if the material was not covered in class).

Early ExamsExams can be taken early for special circumstances such as school authorized activities, work-related,

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ACCT 201 Syllabus M. WadeFall 2011 Page 3observance of a religious holiday, and medical reasons subject to review, documentation, andapproval . It is your responsibility to notify me at least one week in advance of the exam. Exams cannotbe taken early due to vacations, multiple tests on one day, personal events, etc.

Homework AssignmentsHomework assignments are to be completed on McGraw-Hill’s Connect to get homework points .Homework is a learning exercise. You need to attempt the homework before the noted class period onthe syllabus. During class discussion on homework, ask questions to help you complete the homeworkassignments. You will then be able to complete the homework assignments to obtain the points. Toreceive credit for the homework, it must be completed , graded , and submitted by 3:00pm on theclass date the homework is listed on McGraw-Hill’s Connect. Even if homework has been doneprior to the required date, it will not count unless the homework is graded and submitted. Also,since this is a graded assignment, please ask questions during class. I will not work the homeworkproblems for individual students during office hours in order to be fair to all students.

Homework will be graded as follows: There are a maximum 10 pts per chapter.

Course FormatA problem-solving groups and lecture format will be used for most lectures. It is therefore essential thatyou read the assigned material prior to class and come prepared to apply it to problem sets.

ParticipationIn order to participate, students must come to class. Students are expected to be prepared for andparticipate in class. Students will be called upon to answer questions. The In-Class Assignment are 50points, you have to be present to win….

Changes to Class PoliciesThe above outline and procedures for grading in this course are subject to change in the event of extenuating circumstances, of which the students will be notified in writing.

Make-Up Work/Extra CreditNo make-up work will be given and no extra credit projects will be assigned under any circumstances ; all grades will be calculated and based upon the same grade components and criteria. This is an equal opportunity course.

IncompleteExceptions will not be granted nor grades of "incomplete" given except in accordance with applicableUniversity and CB policies.

Disability AssistanceThe University of Louisville is committed to providing access to programs and services for qualifiedstudents with disabilities. If you are a student with a disability and require accommodation to participateand complete requirements for this class, notify me immediately and contact the Disability ResourceCenter (Robbins Hall, 852-6938) for verification of eligibility and determination of specificaccommodations.

Code of Student Rights and ResponsibilitiesThe University Code of Student Rights and Responsibilities establishes rights to which the student is entitled

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ACCT 201 Syllabus M. WadeFall 2011 Page 4and the responsibilities which the student must assume. Along with preparing for and attending class, eachstudent has the responsibility to promote high academic standards. The CB will not tolerate academicdishonesty. The CB has a strong policy of academic discipline for action against students who commitacademic dishonesty or conduct themselves inappropriately in the classroom. A proven case of academicdishonesty will normally result in the student being denied admission to or dismissed from the CB.

Academic dishonesty is defined by the Code of Student Conduct in the Undergraduate Catalog. Its definitionpertains to but is not limited to cheating, fabrication, falsification, multiple submission, plagiarism, andcomplicity. It is the student's responsibility to maintain high standards of ethical conduct, intellectual integrityand to be familiar with the definition of academic dishonesty. Inappropriate classroom behavior may result inthe student being withdrawn from the classroom.

WithdrawalsThe last day to withdrawal from this course without academic penalty is determined by the University.The Standards and Admissions Committee adheres strictly to that date except in cases of extremeemergency. For Fall 11, the last day to withdrawal is October 13.BLACKBOARD: Y ou are responsible for checking BLACKBOARD on a periodic basis for class information and grades . All grades will be recorded on BLACKBOARD . Please do not ask theinstructor to compute your grade since all of the information that you need to do this is onBLACKBOARD and the syllabus. EMAIL: You may receive email from the instructor over the term.Please check your school account. Only email addresses provided by the University will be used. It isyour responsibility to check your school email address. Please contact the computer center if you needassistance.

A Little AdviceClass time is for clarifying facts, reinforcing skills, and expanding concepts introduced in the readings.However, most learning takes place outside of the classroom. Do not get behind in this class;catching up is extremely difficult. For the most part, learning accounting is like learning a foreignlanguage since it requires cumulative knowledge. Being able to understand each new topic depends onyou having learned some previously covered material. In order to achieve success in this course, thefollowing procedures are recommended:

1. Read assigned materials prior to the class in which the topics will be covered.2. Solve homework problems on a timely basis.3. Attend class.4. After class, study your class notes, the assigned readings, and related homework

problems.

Miscellaneous1. No food or drink (except for water) is allowed in the classroom.

2. No cell phones are allowed to be used during class. All cell phones, pagers, etc.are to be set to vibrate, silent menu, etc. so that there is no disruption during class.DO NOT ANSWER A CALL DURING CLASS! Please have respect for your

classmates.3. Do not leave class early except due to illness or for reasons that you have informed me of prior to class since it is disruptive.

McGraw-Hill’s Connect Software Purchasing Instructions:

You may purchase your copy of this software on-line from McGraw Hill directly for $45.00 at

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ACCT 201 Syllabus M. WadeFall 2011 Page 5http://connect.mcgraw-hill.com/class/wade_fall2011_acct201-75 if it did not comebundled with your textbook. Every student must have a registered copy of the software to complete thisclass.

McGraw-Hill’s Connect Software Registering Instructions: Go to the following website:http://connect.mcgraw-hill.com/class/wade_fall2011_acct201-75 (Accounting 201-75)

To create a student account, please follow these directions:

1. Click on the website above for your class. Click on “Register as a Student” on the leftside of the screen.

1. Enter the 20 digit code in the boxes on the Student Registration page, and click the next button2. Note: The code is case sensitive; please enter the codes in upper case letters.3. Fill out the register form that appears and click the "O.K." button. Please use your

complete name and school ID#

4. Click the "Yes" button to confirm your account.NOTE: USE YOUR UofL EMAIL ADDRESS WHEN REGISTERING FOR “McGRAW-HIILCONNNECT”

I will not be able to assist you if problems occur with your registration—please contactMcGraw-Hill support noted below.

Important Student Tips by McGraw-Hill1. You can only do one thing at a time. You cannot view past results while you are in the process of taking an

assignment. You cannot take two graded assignments at the same time.2. Use the "Next", "Back", and "Jump To" buttons to save and avoid timing out. If there is no activity

(changing Web page) within 60 minutes, Homework Manager will automatically log out yoursession.

3. Please grade your homework as you go. You can grade and regrade your homework as many times as youwant. Only the last grade will count. Be sure to save your homework as you are working on it.

4. Don't copy and paste, this might enter illegal characters in your homework and prevent you from getting agrade.

5. Please add this page to your Favorites. It will be your starting point for all activity in this class.If you have any questions, support is available to you:

By Email: hmsupport@mcgraw-hill.com

Online: www.mhhe.com/support

TENTATIVE COURSE OUTLINE DATE TOPIC ASSIGNMENTS DUE

MondayAug 22

Introduction/Chapter 1 Complete McGraw-Hill’s Homework Manager Registration/Login

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ACCT 201 Syllabus M. WadeFall 2011 Page 6

MondayAug 29

Chapter 2Chapter 3

Ch 1 Homework – McGraw-Hill Connect

MondaySep 5

No Class

MondaySep 12 EXAM #1 (Chapters 1-3)

Chapter 4

Ch 2 Homework – McGraw-Hill Connect

Ch 3 Homework – McGraw-Hill Connect

MondaySep 19

Chapter 4 (continued)Chapter 5

Ch 4 Homework – McGraw-Hill ConnectCh 5 Homework – McGraw-Hill Connect

MondaySep 26

Chapter 5 (continued)Chapter 6

Ch 6 Homework – McGraw-Hill Connect

MondayOct 3

EXAM #2 (Chapters 4-6)Chapter 7

Ch 7 Homework – McGraw-Hill Connect

Oct 10-11 MID-TERM BREAK

MondayOct 17 Chapter 8

Ch 8 Homework – McGraw-Hill Connect

MondayOct 24

Chapter 9 Ch 9 Homework – McGraw-Hill Connect

MondayOct 31

Exam #3 (Chapters 7-9)

MondayNov 7

Chapter 10 Ch 10 Homework – McGraw-Hill Connect

MondayNov 14

Chapter 11Chapter 12

Ch 11 Homework – McGraw-Hill ConnectCh 12 Homework – McGraw-Hill Connect

MondayNov 21

Chapter 13 Ch 13 Homework – McGraw-Hill Connect

MondayNov 28

Exam #4 (Chapter 10-13)

MondayDec 5

Review/Post ClassAssessment Exam

MondayDec 12

Final Exam (Optional)