The Ohio State University

Max M. Fisher College of Business

Accounting 2200: Introduction to Financial Accounting

Course Syllabus - Spring Semester, 2017

Course Coordinator:

Instructor / Marc H. Smith
Office / 348 Fisher Hall
Phone / 292-8753
E-mail /
Office Hours / Wednesday 1:00 – 2:00 pm; Friday 11:30 am – 12:30 pm; and by appointment

Course Materials:

1. Kimmel, Weygandt, Kieso, Accounting Tools for Business Decision Making, Fifth Edition,

John Wiley & Sons Publishing Company, 2013 (Optional)

2. Non-programmable (non-graphing) calculator to be used at exams (Required)

Welcome to Accounting 2200: Accounting 2200 is the first course in accounting that is required of all students in the Fisher College of Business. Accounting 2200 is also a great introduction to the world of business. In fact, accounting is sometimes referred to as the language of business. That’s because the very purpose of accounting is to provide meaningful financial information to individuals and institutions that have an interest in business, whether they be investors, creditors or managers. Most Americans today invest in business through the stock market. Intelligent investors seek out financial information on companies to make more informed investment decisions. It is a company’s accounting system that creates and provides the information used by investors. Business managers likewise need information produced through accounting in making the day-to-day operational decisions that improve a company’s performance and profitability. This class will be an important class for anyone who is interested in someday participating in or investing in a business. Welcome to the world of business!

Keys to Success in Accounting 2200: Accounting 2200 is not a class that requires proficiency in higher math. Although accounting and business finance are numbers oriented, the math involved is basic. What is important in a study of accounting and business is the ability to organize and analyze information. Business language and terms are carefully defined and business communication requires the precise and proper use of those terms. An ability to read and communicate with clarity is critical to success in this class.

Because this class is being taken with relatively few classroom lectures and homework is not turned in for credit, a higher level of self-discipline is required in order to successfully complete this course. You cannot afford to get behind. It is strongly recommended that you set up a personal study schedule that specifically earmarks time when you will regularly work on the material for this course. If you do not stay up with the course schedule provided in this syllabus you will not successfully complete this course.


Accounting 2200 Structure: This course is divided into the following three parts:

● Online video lectures accessed through canvas that introduce the coursework

● Weekly recitations with the professor where the coursework is discussed and enhanced

with new problems (meeting scheduled every Monday)

● Weekly problem sessions with a TA where additional problems are worked to cement the

student’s understanding of the coursework (meeting scheduled every Tuesday)

Canvas Course Site: All class communications, including any announcements or schedule changes along with all quizzes, checking of grades, etc., will be handled through the canvas course website located at: http://carmen.osu.edu. The username and password you will use to log in to canvas are the same ones you use to check your OSU e-mail and to register online for classes. To activate your OSU e-mail visit http://www.oit.ohio-state.edu/userpass.html and click on ‘how to activate’ or call (614) 688-HELP. All lecture materials, solutions to all practice assignments, quizzes, and other relevant information will be posted on the course website.

Online Video Lectures: All of the lectures for this course are located in the canvas course site (click on modules on the left navigation bar, scroll to the topic you wish to view, and then click on lecture materials). The online lectures present the course material in a video lecture format with synchronized graphic displays, sample problems, and solutions. A student can pause the online lectures at any time to make any notations they feel will help them in future study and reviews. In addition, the online lectures can be viewed as many times as necessary to reinforce the learning of difficult concepts. There are several problems that are worked during each lecture. You should have these problems in front of you while viewing the lectures. The lecture problems can be found in the canvas course site by scrolling to the topic you wish to view then clicking on lecture materials.

Other Important Learning Resources: The following learning resources are also available

1. copies of the power point slides for each online lecture

(these are available online under ‘lecture materials’ in canvas or can be

purchased as a course packet from uniprint)

2. printed transcripts for each online lecture

(these are available online under ‘lecture materials’ in canvas)

3. MP-3 versions of the online lectures (available under ‘lecture materials’ in canvas)


Recitation Class Attendance: Every Monday there is a recitation class meeting scheduled. The professor will meet with the class to answer any questions, go over any problems the students may have encountered during their work with the online lectures, and provide a review of the material from the online lectures. The Monday recitations should provide a strong review of the key points and concepts learned throughout the week via the online lectures. However, it should be noted that the weekly in-class lectures are not a substitute for the online lectures. Rather, the weekly in-class recitations are meant to reinforce and complement the material from the online lectures. Attendance at the Monday recitations will not be taken; however, students are expected to attend all recitation class meetings. No recitation classes are held during exam weeks.

Online Video Lecture and Recitation Schedule:

DATE / TOPIC / TEXTBOOK
PAGES / PRACTICE
ASSIGNMENTS
January 9 / Introduction to course
Jan 10 – Jan 15 / Introduction – all modules
Financial Statements – all modules / Pg 4 – 22
Pg 48 – 66 / Canvas problems
January 16 / Class recitation cancelled – Martin Luther King, Jr. Day
Videotape of class meeting posted in canvas
Quiz #1 (deadline 10:00 pm on January 18)
Jan 17 – Jan 22 / Transaction Analysis – all modules / Pg 100 – 132 / Canvas problems
January 23 / Class recitation – discuss transaction analysis
Jan 24 – Jan 29 / Adjusting & Closing Process – all modules / Pg 164 – 193 / Canvas problems
January 30 / Class recitation – discuss adjusting & closing process
Quiz #2 (deadline 10:00 pm on February 1)
Jan 31 – Feb 5 / Prepare for exam I
February 6 / Exam I – 8:30 pm – location TBA
Feb 7 – Feb 12 / Accounts Receivable – all modules / Pg 398 – 406 / Canvas problems
February 13 / Class recitation – discuss accounts receivable
Feb 14 – Feb 19 / Inventory – all modules / Pg 282 – 300 / Canvas problems
February 20 / Class recitation – discuss inventory
Quiz #3 (deadline 10:00 pm on February 22)
Feb 21 – Feb 26 / Statement of Cash Flows – all modules / Pg 624 – 646 / Canvas problems
February 27 / Class recitation – discuss statement of cash flows
Quiz #4 (deadline 10:00 pm on March 1)

continued on the next page


Online Video Lecture and Recitation Schedule (continued):

DATE / TOPIC / TEXTBOOK
PAGES / PRACTICE
ASSIGNMENTS
Feb 28 – Mar 5 / Prepare for exam II
March 6 / Exam II – 8:30 pm – location TBA
Mar 7 – Mar 19 / Investments – all modules / App E pg 1 – 13 / Canvas problems
March 13 / Recitations Cancelled – Spring Break
March 20 / Class recitation – discuss investments
Mar 21 – Mar 26 / Property-Plant-Equipment – all modules / Pg 448 – 468 / Canvas problems
March 27 / Class recitation – discuss property-plant-equipment
Quiz #5 (deadline 10:00 pm on March 29)
Mar 28 – Apr 2 / Time Value of Money – all modules / App D pg 1 – 11 / Canvas problems
April 3 / Class recitation – discuss time value of money
Apr 4 – Apr 9 / Debt Financing – all modules / Pg 521 – 527 / Canvas problems
April 10 / Class recitation – discuss debt financing
Apr 11 – Apr 16 / Equity Financing – all modules / Pg 570 – 585 / Canvas problems
April 17 / Class recitation – discuss equity financing
Quiz #6 (deadline 10:00 pm on April 19)
Apr 18 – Apr 23 / Prepare for exam III
April 24 / Exam III – 8:30 pm – location TBA


Weekly Problem Sessions: Every Tuesday students will meet in small groups with a TA to work problems related to the material they are learning that week. The intent of the problem sessions is to familiarize students with the types of questions they will be asked to solve on quizzes and exams. The weekly problem sessions should provide students with the tools necessary to perform at a high level on quizzes and exams.

Problem Session Class Attendance: Attendance at the weekly problem sessions is required and a component of the overall course grade. Attendance at the problem sessions is worth a total of 50 points toward the final grade. Students are able to be absent, late, or leave early two times during the semester without it affecting their attendance points. After two absences, late arrivals, or early departures, students will lose ten points for each additional incident (absence, late arrival, early departure). In addition, any disruptive behavior in the classroom, which includes but is not limited to, use of cell phones, use of laptops for non-class related activities, and persistent talking during the class, will result in a loss of ten attendance points for that day and the student possibly being asked to leave the classroom with no return until the next week.

Problem Session Class Schedule:

Dates / Topic
January 10 / Introduction
January 17 / Financial Statements
January 24 / Transaction Analysis
January 31 / Adjusting & Closing Process
February 7 / No problem session class – exam week
February 14 / Accounts Receivable
February 21 / Inventory
February 28 / Statement of Cash Flows
March 7 / No problem session class – exam week
March 14 / No Class – Spring Break
March 21 / Investments
March 28 / Property-Plant-Equipment
April 4 / Time Value of Money
April 11 / Debt Financing
April 18 / Equity Financing


Disability Services: The Office of Disability Services verifies students with specific disabilities and develops strategies to meet the needs of these students. Students requiring accommodations based on identified disabilities should contact the instructor at the beginning of the semester to discuss the student’s individual needs. All students with specific disability needs are strongly encouraged to contact the Office of Disability Services to explore the potential accommodations that may be available to them.

Code of Student Conduct: Students are expected to conduct themselves in a civil and professional manner at all times while attending any course class session or when using any course resource. This includes attending labs, recitations and exams as well as using carmen resources and the tutor room. Disorderly, disruptive, threatening, reckless or unsafe behavior, particularly towards another student, problem session leader or tutor, will not be tolerated. Such behavior constitutes a violation of the student code of conduct (rule #3335-23-04) and will be handled according to university regulations as well as result in immediate suspension of that student’s rights to use course resources.

Academic Misconduct: According to University Rule 3335-31-02, all suspected cases of academic misconduct must be reported to the Committee on Academic Misconduct. The term ‘academic misconduct’ includes, but is not limited to, copying any part of someone else’s work on quizzes, exams, and lab assignments and submitting it as your own work, collaboration with other groups in completing lab assignments, dishonest practices in connection with exams and lab assignments, and violation of course policies regarding quizzes, exams, and lab assignments. For additional information on academic misconduct, see the code of student conduct.

Tutor Assistance. There are twenty-five tutors assigned to work with this course offering over 80 hours of free tutoring services to assist students in solving problems, answering questions, etc. Students are encouraged to use these services on a regular basis, even identifying one particular tutor who may be best suited to meeting their specific needs The tutoring schedule, including names, days, and hours, is posted in the canvas course site (click on modules on the left navigation bar and then scroll down to the header labeled tutor help sessions). Any student who feels that the tutors are not meeting their needs should contact the professor, who will work to identify the problem and assist in finding an appropriate alternative.

Homework: There are no formal written homework assignments for this course. However, practice is essential to mastering this subject matter. Thus, I have posted practice problems for each topic covered in canvas (click on modules on the left navigation bar and then scroll to the topic being covered and click on homework). Although these practice assignments will not be submitted or graded, your ultimate success on quizzes and exams will be directly correlated to your ability to understand and do these homework problems on your own. Because homework solutions and explanations are provided (click on modules on the left navigation bar and then scroll to the topic being covered and click on homework), many students will be tempted to simply refer to the solutions rather than hammering out a problem on their own. This will be a serious mistake. The best learning takes place when students work through problems on their own before resorting to a provided solution. You must be able to understand and do these homework problems on your own without references to do well on the exams.