COURSE NUMBER & TITLE:CRN60975/ Business 116A, Financial Accounting, Spring 2010,4 Units

Syllabus-116A Financial Accounting

MIRAMARCOLLEGE

COURSE NUMBER & TITLE:CRN60975/ Business 116A, Financial Accounting, Spring 2010,4 Units.

INSTRUCTOR: Delores Loedel, CMA

BIOGRAPHY: B. S. and M.S. in Accounting from University of NorthTexas.Industry experience includes Internal Auditing, Marketing Accounting, Management Accounting and Financial Accounting including management experience. Completed the testing, educational and experience requirements for Certified Managerial Accountant (CMA). Currently teaching various accounting courses in the classroom and online for MiraCostaCollege. Obtained Certificate in Online Education from CerroCosoCollege Online.

DAY AND TIME: January 25th – May 22nd, 2010, on-line in Blackboard Vista

PREREQUISITE: Completion of Basic Mathematics Course, or Equivalent Knowledge.

CONTACT INFORMATION: Email: (I will get back to you no later than 24-36 hours)

ONLINE OFFICE HOURS: 2/19 11:00-12:00; 3/19 11:00-12:00; 4/23 11:00-12:00; 5/17 12:00-1:00

COURSE DESCRIPTION: The purpose of this course is to develop an understanding of the information contained in the financial statements. It explores what financial accounting is, why it is important, and how it is used by investors and creditors to make decisions. The course covers the accounting information system, and the recording and reporting of business transactions with the focus on the accounting cycle, the application of GAAP, preparation of classified financial statements, and financial analysis. This includes issues related to assets, liabilities, equity valuation, revenue and expense recognition, cash flow, internal controls and ethics.

COURSE GOALS:Students of Financial Accounting will;

1. Understand the accounting cycle and how the financial information of a company is identified,recorded and reported.

2.Analyzing financial transactions and prepare journal entries.

3. Prepare an Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows.

4.Understand the accounting formula and the application of Generally Accepted Accounting Standards (GAAP)

REQUIRED TEXT AND MATERIALS:

Textbook and Other Course Materials:

• NEW: Financial Accounting, 8th Edition, Harrison/Horngren
• Bookstore: Hardcover book + My Accounting Lab (MAL) (ISBN: 0-13-6108865
• 3 Hole Punch book + MAL
• Textbook from publisher with access code in textbook: (2 weeks delivery)
• Harrison/Horngren
• If you have a textbook and need an access code or use the ebook
• $65 with ebook/$50 without ebook
• Student Resources: Can upgrade to 3 hole punch version of book for $40.

BLACKBOARD:This class uses Blackboard/WebCT Vista 4,and can be accessed at You will have access to weekly lessons that include power points, discussion questions, homework link, quizzes and tests. You can also access your grades.You are required to check in each week for assignments.

TESTING:

EXAMS:There are 3 midterm exams at 100 points each (300points) as well as a comprehensive final (150 points). Midterm exams only cover specificchapters,but are cumulative, focusing on the financial statements. All exams are on-linein Blackboard and include multiple choice and essays/problems. The results will be released after all students have taken the exam and all exams are graded. You can do a make-up for exam 1, 2, or 3 if you miss an exam or want to improve your score the week of 5/3 (more details to be provided). You must take all 4 exams to pass the class.

WEEKLY ON-LINE HOMEWORK: Each week students will have several online assignments. They cover 12 chapters at 10 points each (120 points). All homework is done in myaccountinglab.com. Please note the schedule for due dates. Late homework will not be accepted. These must be completed weekly.

DISCUSSION QUESTIONS: There is a discussion board set up for each chapter assignment. There are 12 chapters at 10 points each (120) plus an online introduction worth 10 points for a total of 130. These must be completed by the due dates. They must be in your own words to get full credit (see Discussion Board Rubric on last page of Syllabus for further information on grading).

WRITING ASSIGNMENT: You will have one writing assignment worth 100 points. More details on this assignment will be provided on Blackboard Vista, but this essay will be related to Internal Controls and Chapter 4. Please Note: Chapter 4 is not otherwise covered in this course, but will be covered partially through this writing assignment.

GRADING: The following scale will be used as the basis to determine each student’s letter grades: Your final grade is based on your percentage of total points: A = 90% to 100%B = 80% to 89%, C = 65% to 79%, D = 55% to 64%,F = 55%

POINTS: The total points include

Discussion Questions 13 @ 10 points each= 130

12 Homework assignments x 10 points= 120

3 Exams @ 100 points=300

Written Assignment= 100

Final @ 150 points= 150

Total Points= 800

ATTENDANCE: You must access the on-line class weekly students who do not will miss assignment deadlines. On-line weekly check is mandatory at a community college.

1.It is the student’sresponsibility to add theclass if heor she so chooses. It is not the responsibility of the instructor!

2.It is the student’s responsibility to drop all classes in which he/she is no longer attending. It is not the responsibility of the instructor!

3.It is the instructor’s discretion to withdraw a student due to excessive absences (including missed assignments and exams).

4.Students who remain enrolled in the class beyond the published withdrawal deadline, as stated in the class schedule, will receive an evaluative letter grade in this class.

TIPS FOR SUCCESS

PLEASE NOTE: This is NOT a self-paced course. Each of the assignments has a specific due date. Late assignments will not be accepted. If you experience a technical difficulty, please contact the student help desk. Technical difficulties are not an excuse for a late assignment. Allow yourself plenty of time for any problems that you may encounter.

This online course provides you, the student, with a unique opportunity to self-direct your learning. Together with your fellow students, we will establish a learning community. We will work together to assure a mutually conducive learning atmosphere. Students are expected to complete the assigned materials by the due dates. Students are expected to post meaningful posts to the discussion board (see more details online in Blackboard Vista). With the proper attitude and enough effort devoted to the coursework, all students enrolled have the opportunity to complete this course with the desired learning outcomes. Online learning is not for everyone however.

Although it is difficult to predict individual student performance, students who do well in this course generally do the following: Read all of the chapter materials in a timely manner, do all the homework, participate in discussion boards and take exams in a timely manner. Accounting is a disciplined subject and requires time and effort both in and out of the classroom.

Administration Dates:

01/25/10 – Semester begins

02/05/10 – Last day for add codes/No “W”

02/08/10 - Last day to receive refund

03/29 to 4/2 – Spring Break

04/09/10 – Last day to withdrawal and receive a “W”

05/22/10 – Last day of class

INCOMPLETE GRADE: The granting of an “incomplete” grade for the course is done only under special circumstances at the professor’s discretion. It will not be used as a substitute for failing work, or to complete work missed from extended absences from class throughout the semester. Pleaseunderstand its purpose and only request consideration if appropriate.

CHEATING: It is expected that in all manners related to this courseyou will act in ethical and professional manner. Unethical behavior consists of giving or receiving help on individual or non-group assignments, representing someone else’s work as your own, copying or giving answers to exams or quizzes, or giving or receiving information about exams and quizzes to other students. Ifa student is caught cheating on an exam or quiz,he/she will receive a zero and may not take a make-up.

STUDENTS WITH DISABILITIES:If you are a student with special needs you must notify the professor within the firsttwo weeks of class. DSPS provides a variety of academic accommodations and support services to students with documented disabilities. They can be contacted at 858-536-7212.

TUTORING:Accounting can be very challenging for students. The PLACe provides excellent tutoring servicesfor students who need help. The best thing to do is make an appointment in advance by calling 619-388-7852.

COURSE FORMAT:Note that the attachedlecture, assignments, and exam schedule is subject to change. These changes will be announced in Blackboard early enough for you to meet the deadline. You are responsible for checking each week so that you are aware of the changes.

CONFLICT RESOLUTION: If you feel you havevalid grounds to challenge a grade, you must first attempt to resolve the problem with me, your instructor. If the grade challenge cannot be resolved, you must file a petition for grade challenge with the Dean if Business, Math, & Science who will work with the Department Chair to help resolve the issue. If resolution does not occur, your next step is to file an appeal with the Vice President of Instruction. The grade challenge procedure may be found in the college catalogue.

IMPORTANT NOTICE: This syllabus is subject to change at any time at the discretion of the instructor;notice will begivento the students through an announcement on the class BlackboardVista site.

Assignments Include Chapter Discussion Board and Chapter Homework / Due Date
Quick Reference
Email to Instructor / 1/25
Intro to Class / 1/29
Chapter 1 / 2/1
Chapter 2 / 2/8
Chapter 3 / 2/16
Exam #1 / 2/23
Chapter 5 / 3/1
Chapter 6 / 3/8
Chapter 7 / 3/15
Exam #2 / 3/22
Chapter 8 / 4/5
Chapter 9 / 4/12
Chapter 10 / 4/19
Exam #3 / 4/26
Essay Due / 5/3
Chapter 11 / 5/3
Chapter 12 / 5/10
Chapter 13 / 5/17
Final / 5/22
All assignment specifics are below and online.
All assignments are due at 11:59 p.m. PST unless otherwise noted.

Schedule of Chapter Assignments for Spring 2010

Chapter / Topics and Readings
Student Learning Outcomes / Homework Assignments, Questions, Exercises, Problems
One / The Financial Statements
Explain the nature and purpose of GAAP
Define accounting and business terms / S1-1,8, E1-20A,21A,22A,23A
Due 2/1
Two / Transaction Analysis
Introduce the accounting cycle
Summarize journals and ledgers / S2-5,12, E2-16A,20A,21A,36A
Due 2/8
Three / Accrual Accounting & Income
Accruals/Deferrals. Demonstrate the components of financial accounting / S3-6,7,14, E3-22A,24A, P3-71A
Due 2/16
OMIT CHAPTER FOUR
Midterm #1 Chapters 1,2,3 (Due by 2/23)
Five / Short Term Investments & Receivables
Measure, value and report merchandise inventory and cost of goods sold / S5-7,14, E5-18A,22A,26A, P5-62A
Due 3/1
Six / Inventory & Cost of Goods Sold
Valuing inventories using LIFO, FIFO, and Weighted Average methods / S6-4,9, E6-17A,20A,22A,23A, P6-63A
Due 3/8
Seven / Plant Assets & Intangibles
Illustrate issues relating to long-term asset acquisition, use, depreciation, disposal / S7-5,9,10, E7-18A,20A, P7-64A
Due 3/15
Midterm #2 Chapters 5,6,7 (Due by 3/22)
Eight / Liabilities
Valuation and reporting of current, and long term liabilities / S8-1,3,7,11,12, E8-16A,31A
Due 4/5
Nine / Stockholders’ Equity
Demonstrate stockholders’ equity, issuance/repurchase stock, dividends / S9-7,8,10,13, E9-24A,25A,26A
Due 4/12
Ten / Long-Term Investments & International Operations
Valuation of Available for Sale, Long term bonds. Consolidations / S10-1,2,8,9, E10-15A, P10-50A
Due 4/19
Midterm #3 Chapters 8,9,10 (Due by 4/26)
Eleven / Income Statement/SOSE
Evaluating earnings, analyzing RE / S11-3,9,10, E11-16A, P11-45A,46A
Due 5/3
Twelve / Statement of Cash Flows
Explain operating, investing, financing / S12-7,8, E-17A,18A,19A,22A
Due 5/10
Thirteen / Financial Statement Analysis
Interpret activity, liquidity, profitability through financial analysis tools / S13-7,8,9, E13-16A,18A,21A,23A
Due 5/17
Final Exam Chapter 11,12,13 & Comprehensive (Due by 5/22)

Students, Welcome to MyAccountingLab!

MyAccountingLab is a dynamic, interactive eLearning program. Your instructor has requested that you have access to this online program.

To access your MyAccountingLab online course for the first time, you need to register and log in. Whenever you want to use MyAccountingLab after that, you just need to log in. You can do both from the same starting point, at

To register for MyAccountingLab

To register, you will need a student access code and a course ID.
If you purchased a new textbook, it should have come with a Student Access Kit that contains a code you can use to register. If you do not have a Student Access Kit, you can purchase access online with a major credit card.

Course ID: / XL0G-E1TA-901Y-0RJ2
Course Name: / Acct 116a Spring 2010

1. Go to and click the Student button, in the Register section.
2. Enter the course ID, XL0G-E1TA-901Y-0RJ2 and click Next.
3. Choose to register an access code (came with your new book) or purchase access if you don’t have an access kit/code.
4. Click the button to proceed to registration.
5. Follow the instructions to create your account (school zip code required to complete).
6. Click the link to login. You’ll be directed to where you can enter the user name and password you just created. Click the login button.
7. The first time you enter the site, you will need to choose how you will work in MyAccountingLab. Select the "I am taking a course that is using MyAccountingLab, and need to enroll in my instructor's course." option.
8. You’ll be asked to enter a course ID. Re-enter your course ID, XL0G-E1TA-901Y-0RJ2.
9. Be sure to click on the Browser Check link on the Announcements page or in the upper right of the screen the first time you login and anytime you use a new computer. This wizard will walk you through the installation of the software you will need to use the MyAccountingLab resources (such as Flash).
   Note: the software may already be installed in the school lab, so in that case check first with your lab administrator.

To log into MyAccountingLab

1. Go to
2. Enter your personal user name and password you just created, and click Log In (or hit the enter key).

Need More Help?

Additional help can be found on on the Support tab, under Student Support.

DISCUSSION BOARD GRADING RUBRIC
CRITERIA / Full Points / Most Points / Partial Points / No Points
Timeliness and Frequency of Posts / Student posts within the deadline. / Student does not post within the section deadline.
Relevancy and Completeness / Student's initial post thoroughly addresses all aspects of the question(s), and responses to other students directly address their initial postings with augmentation, correction, challenges, and insightful questions. / Student's initial post addresses most aspects of the question(s), and responses to other students address their initial postings. / Student's initial post addresses some aspects or questions, but is incomplete or off-topic, and responses to other students are mostly unsupported agreement, disagreement, or encouragement. / Student's initial post is off-topic and doesn't address questions, and responses are "me toos" or discouragement.
Knowledge of Class Materials / Student's postings show thorough knowledge of the section's textbook reading and websites, including relevant quotations and other references. / Student's postings show general knowledge of readings and websites. / Student's postings show vague knowledge of topic. / Student's postings show no knowledge of topic or convey serious misunderstandings about the topic that should have been corrected by doing the reading.
Contribution to Learning Community / Student's postings support the creation of knowledge by going beyond what was in the readings to add insights taken from personal experience, other classes, outside readings, and research. Student's responses to other students support their pursuit of greater knowledge, and are respectful, helpful and encouraging, even when providing correction or raising objections. / Student's postings ask and answer insightful questions and add to the course knowledge base through information taken from personal experience and understanding of the class readings. Student responses to students are polite. / Student's postings answer questions and do not intentionally insult classmates or their opinions / Student's postings deliberately show disrespect for other class members.

1