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FALL UNIVERSITY OF NORTH DAKOTADepartment of Accountancy

Accounting 201 Course Syllabus

Office Hours: MWF 10-11am; TR 3:15-4pm;and by appointmentOffice: Gamble 220SE-mail: donnaaltepeter@mai1.und.eduBlackboard: http://www.online.und.dedu

2007 MWF

Instructor: Mrs. AltepeterElements of Accounting IIDept. Phone: 777-2921Leave message: 777-2923

TEXTBOOK

THE URL FOR THE WILEY PLUS SITE FOR TillS CLASS IS LISTED IN THE ANNOUNCEMENTS IN Bb.

Accounting Principles (7th edition), Weygandt, Kieso and Kimmel

BLACKBOARD Click "my UND" button. User Name = w +Campus ConnectionUserIDPassword =UserID minus the "w" followed by the last four digits of your social security number

CALCULATORS You are allowed to use a simple mathematical calculatoron quizzes and exams (no fmancial calculatorsor anything with more than the simple math functions).

GRADING

CELL PHONES Must be turned OFF during class and exams and if brought to exams, must be put away.

BPA Policy

4, 1O-pointhomework [due on 9/17(18), 10/15(16), 11/9(13), 12/5(6)]Instructor announced

Compustat problem (due 11/2)11, 3-point chapter pretests on Blackboard (30 points maximum)Quiz on Andy's Accounts2, 5-point take home homework (CHI2 AE, IA)Quizzes (drop one)3 exams @100 points each (9/19,10/17,11/14)Cumulative final exam (Tuesdav 12/11Total Possible Points

40 points15 points10 points30 points10 points10 points60 points

300 pomts125 points600 points

A = 90% (540-600 poiats) -. C = 70% (420-479 points)B = 80% (480-539 points) D = 60% (360-419 points)

There will be an adjustment to the grading scale if the class average is below 77% (462 points).

Late enrollment in a business course will normally be permitted only if the course has not completed theequivalent of one full week of meetings (3 meetings for MWF classes or 2 meetings for TR or MWclasses). Late enrollment, and enrollment in a closed class, requires approval of the department offering theclass. The Executive Committee of the CoBPA voted to remove the restriction on the number of attemptsthat students have to pass a course.

Academic integrity is a serious matter, and any deviations from appropriate behavior will be dealt withstrongly. At the discretion of the professor, situations of concern may be dealt with as a scholastic matteror a disciplinary matter. As a scholastic matter, the professor has the discretion to determine appropriatepenalties to the student's workload or grade, but the situation may be resolved without involving manyindividuals. An alternative is to treat the situation as a disciplinarymatter, which can result in suspensionfrom the University, or have lesser penalties. Be aware that I view this as a very serious matter, and willhave little tolerance of or sympathy for questionable practices. A student who attempts to obtain credit forwork that is not their own (whether that be on a paper, quiz, homework assignment, exam, etc.) will likelyreceive a failing grade for that item of work, and at the professor's discretion, may also receive a failinggrade in the course.

UND Policy It is no longer necessary to petition to repeat courses where a C grade is earned. Attendance andparticipation in class activities are considered integral parts of a university education. It is the Universitypolicy that attendance in classes is expected of all students. If attendance and/or participation are required

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and will impact grading, it is the responsibility of the instructor to communicate clearly that policy tostudents during the first week of class. Even in situations where an instructor might excuse a class absence(for example, severe medical situations, family emergencies, or authorized University activities) it is theresponsibility of the student, whenever possible, to infonn the instructor ahead of time.

Honor Code Picture IDs must be brought to all exams. Cell phone use is NOT allowed. If you bring your cell phoneto the exam, it must be TIJRNED OFF during the exam and put in an inaccessible place. There is a ~tolerance policy for cheating. Students who plagiarize and cheat will fail the course and may be subject todisciplinary action by the University (see Section 3-3 of the UND Code of Student Life). Since you will bedoing some work in "groups" during class, you may fmd it confusing-where is the line betweencollaborative work and cheating? An example may help: you will all have the same 10-point assignment towork on and will be able to compare your work before it is collected. "Comparing" and "discussing"alternative answers and reaching an agreement on the answer is pennitted; changing your answer to match

. someoneelse's answerbecausetheyareusuallyright,is notpennittedandwouldbe consideredcheating.An answer to a problem must be an answer you can derive on your own because you "understand" how tosolve the problem.

To Succeed Many students struggle in Accounting 201 so plan to work hard. Via educational research, undergraduatestudents report that most of their educational learning takes place outside the classroom. Therefore, the truelearning experience places a great deal of responsibility on you. I am only a facilitator for that learning; youare responsible for the actual process oflearning. My role is to create the appropriate environment forlearning and to be a guide and mentor. I take that responsibility seriously, and I expect you to take yoursjust as seriously. Your learning experience is the sum of all the activities that relate to this course:

attending class, reading the assigned material before class, doing the assigned problems before class, andparticipating in class when called upon. You should come to class ready and eager to learn and should bean active part of the learning team. You should use your instructor as a resource. Just as you would use atext or study guides to help you learn the material, the instructor is there to assist in the learning process.Go to the office and ask questions when needed in order to gain a more complete understanding of thematerial being covered. In most cases, your instructor will be available during office hours and at othertimes if you make an appointment.

COURSE DESCRIPTION AND OBJECTIVES

Accounting 201 serves two distinct constituencies--accountingmajors and non-accounting business majors. The course isorganized around two primary objectives for students:

· To learn basic US accounting procedures and financial statement preparation (the preparer perspective)· To understand how accounting infonnation supports economic decision-making (the user perspective)

Secondary objectives include improving communication skills and exposing students to real world examples that challengetheir critical thinking and decision-making skills.

Accounting 201 introduces the corporate fonn of business and includes accounting for capital stock transactions, dividends,the corporate income statement, issuance of bonds, and accounting for investments. The fmancial accounting segment ofthe course concludes with the preparation of the statement of cash flows and an introduction to fmancial statement analysis.The managerial accounting chapters include an introductionto job order costing, cost-volume-profit analysis, budgetary

planning, incremental analysis, and capital budgeting.

HOMEWORK GUIDELINES

CHAPTER PRETESTS (30 Points) No late submissions will be accepted.These are short (6 true/false or multiple choice questions worth .5 points each) which must be completed BEFORE wecover the chapter in class. Their purpose is to make sure you have spent some time reading the chapter before we startgoing through the exercises and problems from the chapter. Therefore, they cover topics from the beginning pages of eachchapter. Each quiz will need to be completed by 11:50 pm of the due date. Due dates will be ANNOUNCED in theblackboard announcements area for your class. It is your responsibility to check Bb to fmd the announcement with the duedate. The first pretest on Chapter 12 must be completed before the end of the first week. This is a practice pretest but it has

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-, a due date (8/24/07 11:50 pm). There will be a pretest for every chapter we do in Accounting 201 and you can earn amaximum of 30 points on the pretests.

10-POINT HOMEWORK GUIDELINES (40 Points) No late assignments will be accepted.These are problems separate ITomthe problems at the end of each chapter. The due dates are listed below and on the firstpage of the syllabus. They must be handed in by ~:OOpm of the due datel at the latest. After that time, the solutions will beposted. This MUST be your own work and will be graded accordingly.You should make a copy of your completedhomework before handing it in and then compare your work with the posted solution.

TEAM HOMEWORK GUIDELINES (15 Points)There will be a team homework assignment collected approximately 7 times during class this semester. The team will worktogether to complete a team solution for one part of this problem, which will be recorded by the team's spokesperson andturned in to the professor for credit as soon as it is completed.·Each team member must participate in generating the solution to receive the points.·The team homework will often be an exercise similar to an assigned problem for that day but will use different numbers.

The group will need to prepare a solution together and put it in the team folder to be graded.· If you miss class during one of these group workdays, you cannot make up the missed points.

ASSIGNMENTS

* See Notes to the Syllabus (at the end of this list of assignments) for additional information about the chapters markedwith an asterisk. There are parts of the chapter that you will not be responsible for and should skip reading.

The assignments that follow are subject to minor modifications. Changes will be announced in class and on Blackboard.These are the problems we will go through in class. Working the assigned exercises and problems is an essentialcomponent of the learning process in this course. If you wait to copy the solution as we go through them in class, you willlose much ofthe learning process. Learning how to solve problems involves active participation on your part; watchingsomeone else's problem-solving ability does not build YOUR problem-solving skills. The written homework assignedshould be completed BEFORE you come to class on the days they are listed. If you don't practice, you won't pass!

ASSIGNMENTSDATE TOPIC READING

MWF SCHEDULEWRITTEN HOMEWORK

Aug 22 W Introduction

Explain Bb use, pretests; Wiley Plus access; Homework rules; on-line tutorialsavailable on the 0 drive, ACCT20l\Altepeter folder--load with the index.html file

24 F Accounting Principles Chapter 12 (pp.489-506) E12-I, 2, 4Take the CH12 pretest on Bb

- --- - --- - - -- -- -- -- ---------

-- -- --- --- ---------Sept 3 M NO CLASS - LABOR DAY HOLIDAY

5 W Corporations

7 F Appendix A & Appendix B

EI4-7, 8 & 11; P14-2B

Skim the annual report P14-6B; BTI14-l (a, b, conly)QUIZ #1 &JlY£14-2 (a only)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - --10 M Corporations: Dividends

& Retained EarningsChapter 15 (pp. 595-604) E15-l,2 & 3

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27 M Accounting Principles E12-3, 5, 6; P12-lB & 5B5-point Take-Home Homework due

29 W Corporations: Organization Chapter 14 (pp. 557-576) P12-3B & 4B (skip part b); E14-l & 3and Capital Stock Transactions

31 F Corporations: Organization Chapter 14 (pp. 576-587) E14-2, 4, 6and Capital Stock Transactions

--- --- -- -- ---17 M Finish Chapter 15 QUIZ #2

Can be handed in by 4pm on the 18that the latestP15-2B (parts b, c & d); First10-point Homework is due

19 W First Evening Exam -Chapters 12, 14 & 15 7:00 - 8:30 PM No class

21 F Go Over Exam Chapter 16 (pp. 627-637)* BE16-1

* See Notes to the Syllabus for additional information about this reading and others on this schedule marked with an *... ... -- ... ... ... ... ... ... ... ... - ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .- ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...

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8 M Statement of Cash Flows Chapter 18 (pp. 709-719, 727-731)* PI7-4B; El8-1 & 6 (direct method)We will not be doing any work with the indirect method.

lOW Statement of Cash Flows Chapter 18 (pp. 732-739)* BE18-6, 7, 8 & 9; E18-7 & 8

12 F Statement of Cash Flows E18-9, 10 & 11;P18-3B- -- - - - - - - - - - - - - - - - - -- - - - - - - - - - -- - - - --...-

15. M FinishChapter18 QUIZ#4Can be handed in by 4pm on the 16that the latest

P18-8B;Second 10-pointHomework is due

17 W Second Evening Exam -Chapter 16, 17 and 18 7:00 - 8:30 PM No Class

19 F Go over Exam Explain Compustat Project and Andy's Accounts Quiz- - - - - - - - - - - - - - - - - - - - - -.........

22 M Financial Statement Analysis Chapter 19 (pp. 765-785) E19-3 & 510-pt Andv's Accounts Quiz

24 W Financial Statement Analysis Chapter 19 (pp. 786-796) P19-1 & 3

26 F Financial Statement Analysis P19-5 (a. Target only; Wal-Mart answersare given below, b. Compare bothcompanies); E19-6, 11 & 12

Answers for Wal-Mart for PI9-5: (I) 1.0:1; (2) 115.6 times; (3) 3.2 times;

(4) 7.8; (5) 46.8 times; (6) 3.1%; (7) 2.7; (8) 8.5%; (9) 20.6%; (10) 57.9%; (11) 9:1]- - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - -.........-

29 M International Accounting Readings to be announced

31 W International Accounting Readings to be announced;5-point Take-Home IA Homework due

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DATE TOPIC READING WRITTEN HOMEWORK,..

12 W Corporations Chapter 15 (605-614) E15-4, 6 (first prepare the journal entryfor each event), 8 & 9

14 F Corporations E15-1O, 12 & 13;P15-2B (part "a")

24 M Long-Term Liabilities Chapter 16 (pp. 639-646, 656-659) EI6-1,2 & 4

26 W Long-Term Liabilities Chapter 16 (pp. 647-656) E16-8 & 9; P16-3B

28 F Long-Term Liabilities BE16-9 & 10; E16-10 & 11

Oct 1 M Long-Term Liabilities QUIZ #3 P16-5B & 6B (skip #2 & #4 for part c)

3 W Investments Chapter 17 (pp. 675-682, 687-692) E17-1, 2, 6 & 7

5 F Investments Chapter 17 (pp. 683-686, 693-695) E17-5; P17-5B & 6B

DATE TOPIC READING WRITTEN HOMEWORK..

Noy 2 F Managerial Accounting Chapter 20 (pp. 815-827) B.E20-8& 9; E20-1 & 2Compustat Problem due

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----------------------------------------------------------------------------------------12 M VETERAN'S DAY HOLIDAY

14 W Third Evening Exam -Chapters 19,20,21 & IA 7:00 - 8:30 PM QUIZ #5 Finish CH 21 with P21-5B

16 F Go Over Exam

Cost-Volume-Profit (CVP) Chapter 23 (pp. 931-946) E23-1 & 2; B.E23-6& 7---.....................................

19 M CVP

21 W CVP

Chapter 23 (pp. 946-958)*

Chapter 23

B.E23-8;E23-3, 5 & 6

P23-2B

NOVEMBER 22 - 23 THANKSGIVING HOLIDAY... --...............................

Chapter 24 (pp. 969-980) B.E24-3,4, 8; E24-5

Chapter 24 (pp. 980-990) E24-4 & 9; P24-2B (Product JB50 only& ignore Note for E)

P24-4B;E27-1, 2,3Chapter 27 (pp. 1085-1096)*

----------------------------------------------------------------------------------------Dec 3 M Incremental Analysis Chapter 27 (pp. 1097-1106) E27-5, 6, 9 & 10

5 W Capital Budgeting Chapter 27Can be handed in by 4pm on the 6that the latest

QUIZ #6 P27-5B; Fourth 10-pointHomework is due (or Thursday)

Friday Dee 7 is Reading & Review Day------- -- ---- - ------ --- ------------- - ---- ---------- ----TUESDAY DEC 11 AT 10:15 AM--2 HOUR COMPREHENSIVE FINAL EXAM

*NOTES TO THE SYLLABUS

You may OM{T the following short segments ITomthe reading assignments above:

Chapter 16: Redeeming Bonds Before Maturity (p. 638)Converting Bonds into Common Stock (p. 638)

Chapter 18: Section 1, Statement of Cash Flows-Indirect Method (pp. 720-726)Appendix (pp. 739-745)

Value Chain Management (pp. 829-830)

Appendix, Variable Costing (pp. 954-956)

Retain or Replace Equipment (pp. 1092-1093)

Chapter 20:

Chapter 23:

Chapter 27:

CLASSROOM ORGANIZATIONThis class will not be only a lecture class. In addition to lecture, teams will be used, and part of each class period will be .

spent working in your team. The purpose of working in teams is to provide you an opportunity to improve yourcommunication and leadership skills, and to provide a safe environment for you to ask questions.

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5 M Managerial Accounting Chapter 20 (pp. 827-836)* E20-3, 4, 7 & 8; P20-lB

7 W Job Order Cost Accounting Chapter 21 (pp. 851-866) P20-5B; E21-1, 2 & 3

9 F Job Order Cost Accounting Chapter 21 (pp. 866-873) E21-5, 6, 7 & 9, Third 10-pointCan be handed in by 4pm on the 13that the latest Homework is due (or next Tuesday)

26 M Budgetary Planning

28 W Budgetary Planning

30 F Budgetary PlanningIncremental Analysis

OwProcedures followed during a typical class meeting:

a. Each team member will individually prepare assignments before coming to class.b. When students come to class, the team spokespersonfor the day will be responsible for picking up the group folder

from the professor. This responsibility must be rotated each class meeting and noted on the team folder.c. The teams should take about 5 minutes to compare solutions to the homework at the beginning of the class period.

If you have not attempted the homework, you will not be able to participate and you will not do well on the quizzesand exams.

d. The professor will share the problem solutions for the day with the students and/or ask the spokespersons assignedfor the day to share the group's solution. Other group members are expected to help the spokesperson determinethe answer, but the spokesperson is expected to provide the answer.

e. The professor may present new information.

QUIZZES (60 points)· Five regular quizzes will be given during the semester. The scheduled dates are listed on the assignment

schedule. If you miss a quiz, you will have a chance to take a make up quiz (the last quiz).· Each quiz will consist of four or five objective (multiple choice or true-false) questions. The questions willcome from the material in the most recently completed chapter.· The quiz will first be completed by each individual. Responses should be marked on the quiz and then filledin on the answer sheet provided. When completed, each student should bring up their answer sheet to theinstructor (worth 8 points).· When all members of the team have turned in their answer sheet, the team will then complete the quiz togetherand fill the answers in on a separate answer sheet. When it is completed, the team spokesperson will bring thegrOUp'Sanswer sheet (worth 8 points) to the professor, who will grade the group quiz immediately, record thescore, and hand it back to the team spokesperson. The team should then review the quiz and discuss why theirgroup answers were incorrect.· The uizzes alon with the rou answer sheet MUST be returned to the instructor before an teammember leaves the classroom. If our uiz is missin ou will loose ALL oints for that uiz and ourteam members will lose the rou score for that uiz. The individual uizzes will be raded after classand the individual answer sheets will be returned in the folder the next class period.

· Result of Quizzes: (5 x 8 points = 40 points x 2 = 80 total points). You can only earn a total of 60 quiz points;therefore, each quiz taken is worth 75% of 16 points or 12 points maximum. If you get a 4 on your individualquiz, and an 8 on the team quiz, you will receive 12 * 75% or a total of9 on that quiz.

KEYS TO SUCCESS IN ACCOUNTING 201To succeed in Accounting Principles, you must read the text carefully and study each c.hapteras assigned. A carefulreading of each chapter includes attention to the many illustrationspresented in each chapter and to the end-of-chapterSummary of Study Objectives, Glossary, DemonstrationProblems, and Self-Study Questions. The assigned homeworkproblems provide an essential review of specific chapter topics and should be completed before coming to class. Regularclass attendance and participation is also a key to success in this course. In addition, your instructor is available duringoffice hours for individual help. If you feel you needfurther exposure to the material, you should consider one or moreof the following recommended study aids:

./ Organize a study group to do homework problems

./ PowerPoint slides in Blackboard

./ Lecture tutorials available in Wiley Plus

./ Interactive Tutorials on the 0 drive under ACCT201\ALTEPETER

./ Practice exercises and problems in Wiley Plus

./ Self-study tests (in book at end of chapter) and the additional self-study quiz for each chapter available in Wiley Plus

./ Practice on-line quizzes in Blackboard. When you do these quizzes, points will be displayed in the grade book forfeedback but the points do not count in your total of 600 points for the course.

./ Group tutoring at University Learning Center

./ Career counseling (220 McCannell Hall)

We wish you success in Accounting 201, soplease do not hesitate to ask if you have any questions or concerns.

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