Term:Fall 2001
Course Number:ACG 2021 – Sections: 132 Tuesday/Thursday 9:25am
133 Tuesday/Thursday 10:50am
Course Title:PRINCIPLES OF FINANCIAL ACCOUNTING
Catalog Description:Conceptual introduction to financial accounting. Emphasis is placed on wealth and income measurement and the preparation of conventional financial statements.
Prerequisites:Sophomore standing
Instructor: Dr. C. H. Calhoun, CPA
Office No. Building 42, Room 3224
Office Phone: 620-2630
E-Mail:
Office Hours: Tuesday and Thursday – 12:15p.m. – 1:30p.m.; 3:00p.m. – 4:15p.m.
and by appointment.
Required Texts Financial Accounting The Impact on Decision Makers-Alternate Third Edition,
and Materials:Porter and Norton Four scan sheets for tests - Brown ink with alphabetic choices
Optional Materials: Two Column Accountant’s Ledger
Study Guide to accompany Financial Accounting The Impact on Decision Makers-
Alternate Third Edition
Course Content:See daily class schedule.
Goal:The purpose of this course is to provide students with a solid introduction to financial statements, how they are prepared and how to interpret them. This course should provide a strong foundation for students who intend to major in accounting and an appreciation of financial accounting for other business majors and others who need to use financial statements.
Grading: Exam #1 (Chapters 1-4) 20%
Exam #2 (Chapters 5-7) 20%
Exam #3 (Chapters 8-10) 20%
Final Exam (Comprehensive & Chapters 11-12) 30%
Class Participation and Attendance 5%
Computer Project 5%
Total100%
If you have an emergency, I reserve the right to use my own discretion to excuse you and allow you to make up the work. If a make-up is not allowed, the points missed will be added to future exams, proportionately.
Final grades will be assigned based upon your cumulative percentage grade as follows:
A90 - 100
B80 - 89
C70 - 79
D60 - 69
F 0 - 59
Plus grades will be given at my discretion, considering such things as trend, effort exhibited, etc. No minus grades will be assigned.
Written Communication
Requirements:This course requires solutions to textbook exercises and problems. Work should be done outside of class, to be covered in class per syllabus.
Oral CommunicationOral communication skills will be demonstrated through class participation and Requirements: discussion of homework assignments.
Computer Applications:This course requires a computer project using any spreadsheet program. However, if you are not familiar with a spreadsheet program, you are encouraged to utilize Excel 00 SmartStart. This is a tutorial based workbook that will guide you through basic excel skills. This knowledge is sufficient for completing the assigned project. Excel is available in the UNF Computer Lab. If you are unfamiliar with a Windows operating environment, you should allow additional time for the assignments. Preparation will be discussed in class and any questions should be directed to me. The project is due Tuesday, November 15.
Ethical Issues Covered:Ethics will be covered throughout this course as it relates to the collection and reporting of accounting information.
Academic Integrity:In today’s environment, ethics have become an extremely important topic. An accountant’s only product is his/her service that is measured by his/her integrity and professionalism. These characteristics are not bestowed upon you at graduation but are developed over time.
The College of Business Administration has published an undergraduate handbook that includes a Code of Conduct (pages 2-3). All items listed will be strictly enforced. Any student violating any aspect of the code of conduct will be penalized and receive a grade of “F” for the course and be referred to the proper authorities for expulsion from the University. This includes, but is not limited to:
--Computer projects must be done independently.
--The submission of substantial portions of the same academic work for credit more than once without authorization is considered cheating. This includes submitting computer assignments using another student’s computer data files or submitting assignments that appear to be copies of another student’s assignments whether on disk or paper.
Classroom Protocol:Upon graduation and entering the job market, you will quickly find that success in business requires much more than adequate technical training. Some of the factors that you should begin developing include:
(1) dependability (e.g., attend class regularly)
(2) punctuality (e.g., class starts on time, BE THERE)
(3) courtesy (e.g., pay attention, don’t pack up early)
(4) motivation (e.g., be adequately prepared for class)
(5) decorum (e.g., NO HATS in class)
Tutoring:FREE TUTORING is available in the Academic Resource Center. Tutors for this course will be available approximately 20 to 30 hours per week. A tutoring schedule should be posted in the Academic Resource Center during the second week of classes.
Class Preparation: Homework and attendance are essential parts of the learning process. It is the student’s responsibility to have read the assigned chapter(s) and completed all homework before coming to class.
Withdrawals:The withdrawal deadline for the Fall 2001 semester is Thursday, November 8, 2001.
Americans with
Disabilities Act:If you have a disability, as defined by the Americans with Disabilities Act (ADA), which requires a classroom accommodation or auxiliary aid(s), please inform me of your needs during the first week of class so that I may take appropriate action. You should also notify the Office of Disabled Services Programs at 620-2769 concerning your needs.
CLASS SCHEDULE
Day/DateLecture AssignmentsText Assignments
Exercises Problems
TAug 28Orientation, Syllabus, Introduction, etc.
Th Aug 30Chapters 1 – Prof. Hubert Gill
T Sep 4Complete chapter 1 ; begin chapter 2
Th Sep 6Complete chapter 2; turn in scantrons; seating chart
TSep 11Chapter 3 – Discussion (ignore pp. 103 bottom thru pp112)
ThSep13 Chapter 4 - Discussion3-1,5,6,123-3
TSep 18Complete chapter 44-3,4,8,15 4-5
ThSep 20EXAM #1-----Chapters 1, 2, 3, 4
TSep 25Chapter 5 – Discussion; Review Exam #1
ThSep 275-8,9,13,14
TOct 2Chapter 6 – Discussion
ThOct 46-2,7,9,15
TOct 9Chapter 7 – Discussion
ThOct 117-9,13,16,19 7-1
TOct 16EXAM #2-----Chapters 5, 6, 7
ThOct 18Chapter 8 – Discussion; Review Exam #2
TOct 23Chapter 9 - Discussion8-1,2,5,6,78-9
ThOct 25Complete chapter 99-1,4,5,18,19,209-1,4,8
TOct 30Chapter 10 – Discussion
ThNov 1Computer project day – no class
TNov 610-1,2,4,5,710-1,4
ThNov 8EXAM #3 ----- Chapters 8, 9, 10
TNov 13Review Exam #3; review computer problem
ThNov 15Chapter 11 – Discussion
TNov 20Chapter 11 – Exercises and problems TBA
ThNov 22Chapter 12 – Discussion
TNov 27Chapter 12 – Exercises and problems TBA
ThNov 29Review for final
TDec 4Review for final
ThDec 6Review for final
COMPREHENSIVE FINAL EXAM
Note: Final exam will emphasize Chapters 11 and 12, but will also include other material.
Section 132Tuesday, December 11 9:00am - 10:50am
Section 133Thursday, December 13 9:00am - 10:50pm
Bring a self-addressed stamped postcard (NO ENVELOPES) and I will mail your grade to you.
No grades will be given by phone or email.