Financial Accounting - Honors Phone: 834-2035 Office: BA W366
ACCT 2300 Quepha Lynn
Financial Accounting - Honors Phone: 834-2035 Office: BA W366
Fall 2017 Email:
Website:
Office Hours: 10:00-12:00 TTH
and by Appointment
Required Course Materials
Financial Accounting, 8th ed., Porter & Norton, customized softbound, and a four-function calculator for exams
Course Objective
To introduce students to the components and structure of financial statements, to discuss the ethical issues surrounding the preparation of financial statements, and to educate students in the preparation and use of financial statements.
Learning Outcomes
Upon successfully completing this course, students will be able to:
- Describe the objectives of financial reporting
- Understand the accounting cycle
- Identify account names and their characteristics
- Demonstrate the effect of business transactions on the accounting equation
- Apply accounting assumptions, principles, and constraints to measure, record, and interpret business transactions
- Use the rules of debit and credit to record transactions
- Combine individual measurements of accounting elements into financial statements
- Demonstrate an understanding of the relationships of the elements on the financial statements
Assessment Methods
The expected learning outcomes for the course will be assessed through exams, in-class application activities, homework, and quizzes. To be successful, you must devote sufficient time and attention to homework and assignments. Although they count, in the aggregate, for 20% of your final course grade, those who do not actively participate in the learning process, through completion of these activities and reading assignments, will find that they do not do as well on examinations. Thus, homework, assignments, etc., will have an indirect impact on your final course grade as well.
Course activities will carry the following weights:
3 Exams300 points
Final Exam – Comprehensive100 points
Homework and/orGroup work, etc.100 points
Total500 points
To receive an A, you must accumulate 450 points; for a B, you must accumulate 400 points, 350 for a C and 300 for a D. Please note that the grading process is a mathematical calculation of the components listed above. Your grade is not negotiable or open for bid at the end of the semester. Extra credit is not available. All students will be graded equally and fairly. If you come to class regularly, read the assigned material, do the assigned exercises, participate in class discussion and group work activities, and study for the exams, you should do well in this course and feel good about what you have achieved. Your success is important to us.
Exams
There will be three regular exams given during the semester. They will be administered during the evening hours on selected dates [see Schedule of Activities for details on dates and times for each exam].
During exams, calculators cannot be shared. Cell phones will be put away and may not be used as calculators during exams.
Examinations are based upon reading assignments, homework problems, group work activity, and class discussions. All examinations must be completed during the scheduled period.
No Make-Up Exams will be given, however
If there is a schedule conflict with an exam time, come see me in advance. Arrangements may be made for you to take the exam BEFORE the scheduled exam date and time.
If an emergency causes you to miss an exam, a grade of zero will be assigned. Come talk to me immediately and let me know the circumstances. In case of an emergency only, arrangements may be made to replace one missed exam with the Final Exam grade - effectively counting the Final Exam grade twice.
Understand, however, that the Final Exam will be comprehensive and counting the final exam grade twice requires that it represent 50% of the semester's exam average. If there is no emergency, taking a zero on one of the three regular exams expecting to get a higher grade on the Comprehensive Final Exam is not advised.
Group-work and Homework:
Homework assignments are listed in your Course Schedule and designed to assist you in learning the material. Solutions to the assigned homework are posted on my website. You will need to remember your password to enter the solutions for each chapter. Having the Solutions Manual for chapter questions available on the internet is a great opportunity of which you should take advantage. It will help you tremendously in learning the material in the book. Homework will not be collected.
Group-work in class (or out of class) will be assigned periodically throughout the semester as time permits. Group work will accumulate to 100 points and count towards 20% of your final grade. Two of your lowest group work grades will be dropped to account for unavoidable absences. No late group-work will be accepted.
Attendance:
Regular class attendance is expected and necessary in order to comprehend the material. You individually and the class collectively will benefit from your participation in class discussions. For each class, you should be prepared to participate in a meaningful way. In this regard, absences obviously indicate a lack of class participation.
Academic Honesty:
Refer to the Texas Tech Student’s Handbook. Cheating will result in an “F” in the course, and those who cheat in this Accounting course or any other will be subject to the maximum disciplinary action allowed by TexasTechUniversity. Integrity is a minimum requirement for all students participating in Accounting courses in the College of Business. Those who lack it should not plan to enroll in subsequent Accounting courses.
Special Needs:
Any student who, because of special needs as addressed by the Americans with Disabilities Act (ADA), may require some special arrangements in order to meet course requirements should contact me during the first week of classes to make necessary arrangements. Reasonable efforts will be made to accommodate your special needs.
*Last Day to Drop*: Monday, October 30th, 2017