schedule of class topics and assignmentsweb.uncg.edu/bae/acc/201301/acc-201-02.pdf · acc 201...

ACC 201 SYLLABUS - SPRING 2013

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University of North Carolina at Greensboro

Bryan School of Business and Economics

Department of Accounting and Finance

ACC 201-02: Financial Accounting

Spring 2013: M / W 3:30-4:45PM; Bryan 122

Contact Information

Name Jenna Meints

Office: 339 Bryan

Email: [email protected]

Office Phone: 336-334-4527

Office Hours: Tuesdays 12:00-2:00pm, and/or by appointment.

Prerequisite: Any one of the following: MAT 115, 120, 150, 151, 191 or 292.

Class Resources:

Tutoring: Available in 335 Bryan.

Student Success Program: http://success.uncg.edu/ssp/apply/

For questions about Student Success, please contact Caitlin Byerly at 334-3682 or [email protected]

Course Objectives:

Demonstrate an understanding of basic accounting terminology and procedures

Create the financial statements which flow from the accounting process

Understand the accounting cycle and the accounting system

Develop an understanding of how business organizations operate and the events which have a financial

impact upon them

Understand the time value of money concepts

Facilitate the development of the student’s written communication skills through an essay assignment,

essay assessment and/or business memo assignments

Contribute toward the Bryan School’s commitment to information technology by requiring students to

use the internet, e-mail, word processing software and spreadsheet software where appropriate within

the course.

University Policies and Resources:

Students are expected to abide by the UNCG’s Academic Integrity Policy and the Student Code of Conduct:

o Student Conduct: http://bae.uncg.edu/assets/faculty_student_guidelines.pdf

o Academic Integrity Policy: http://academicintegrity.uncg.edu/violation/

Student Disabilities - Any request for special accommodations must come through the Office of

Disability Services with the appropriate paperwork. Please visit http://ods.dept.uncg.edu/services/ for

further information.

Students in Distress: UNCG cares about your success as a student. We recognize that students often

balance many challenging personal issues and demands. Please take advantage of the University

resources designed to help. For assistance accessing these resources, contact the Dean of Students Office

at 334-5514 or Student Academic Services at 334-5730. The Counseling and Testing Center is available

for mental health assistance, 334-5874.


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Course Materials:

Text: Financial Accounting: A Business Process Approach . Jane Reimers. ISBN: 1256636754.

This is a custom textbook for UNCG, although you are welcome to purchase the regular textbook:

Publication Date: March 1, 2010 | ISBN-10: 0136115276 | ISBN-13: 978-0136115274 | Edition: 3.

Blackboard: http://blackboard.uncg.edu . Announcements and materials to print for class.

MyAccountingLab (MAL): http://pearsonmylabandmastering.com/ . Homework gets submitted via

MAL. 365 days of access to MyAccountingLab is included with a new textbook purchase or can be

purchased online. You can receive free access for 17 days. Please go to the MAL website to register.

The course id is: meints70165 . Detailed instructions are at the end of this syllabus. If you are

experiencing a problem with the MAL website, please call the MAL Customer Help Desk at (800) 677-

6337 or visit http://pearsonmylabandmastering.com/students/support/ .

i>clicker2: ISBN: 1429280476. The i>clicker2 will be used in this class to determine part of your class

participation grade. Detailed registration information is at the end of this syllabus.

Grades will be determined by:

Mid-term Exam #1: 20% February 18 in class

Mid-term Exam #2: 25% April 8 in class

Final Exam (Cumulative): 25% Wednesday, May 8 12:00PM-3:00PM

Homework: 12.5% February 17 (5%), April 7 (5%), and April 28 (2.5%)

Written Assignment: 7.5% Sunday, March 3 11:55PM

Class Participation: 10%

All grades except homework will be posted on Blackboard. Please contact me immediately if there is an error.

Homework grades are automatically posted to your MAL account. To determine your grade at any point during

the semester, use the grades on Blackboard and on MAL and the weights shown above.

A / A- , 93% / 90%; B+ / B / B- , 88% / 83% / 80%; C+ / C / C- , 78% / 73% / 70%; D , 65%

Exam Information. Mid-term exams are not cumulative, but are closed book and proctored. The final exam is

cumulative, closed book, and proctored. You must take each exam to pass this course. Makeup exams are rarely

given. If your cell phone makes any noise during an Exam, then your Exam will be collected at that time and

you will leave the testing area. You will not be allowed to continue working on the Exam. All exams require a

Scantron, pencil, and calculator. You may not share or borrow calculators during exams. Cell phones or other

PDAs may not be used in place of calculators.

Handouts and course slides for class will be posted on Blackboard. You need to print these out and bring them

to class. I will NOT be able to provide copies in class. If you miss a class, then it is your responsibility to get the

notes and any missed materials and information from another student in the class.

Homework assignments. There are three homework assignments. Each homework assignment covers multiple

chapters. The assignments are available online through MAL. Each assignment remains open and available to

you throughout the time the relevant chapters are covered in class. I encourage you to work on the assignments

periodically as we cover each chapter rather than leave all homework questions for each assignment unworked

until the due date. As you do periodically work on each assignment, your work can be saved in MAL and

accessed at a later time before the due date. Thus, you may work on the same assignment at different times. You

are allowed 5 attempts at each homework question. Late homework will not be accepted.


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The written assignment is due by 11:55PM on Sunday, March 3 through SafeAssign in Blackboard. Detailed

instructions are at the end of this syllabus. No late submissions will be accepted. Make sure that you receive

confirmation that your essay was submitted through SafeAssign successfully.

Participation Your participation grade will be based on your contributions to class. Please note that attendance alone does not

equal contribution. Participation grades are earned relative to course colleagues.

Course Feedback

Informally, I welcome constructive criticism at any time. Your feedback would never be held against you in my

class. Likewise, it will not earn you any favorable treatment. (If you are concerned about either possibility, then

you may submit anonymous feedback to me. To do so, write down (or type up) your constructive comments,

put them in an envelope, and give that envelope to the Department secretary in Bryan 383 to put in my mailbox.

No name needed or wanted.) Formally, I will ask you for anonymous feedback during Exam #1 on February 18.

This feedback may address anything from the course materials, class pace, presentation styles, or class

environment to what you do and/or do not like about any aspect of the course.

Academic Integrity

Students are expected to abide by the UNCG Academic Integrity Policy as well as by the UNCG Student Code

of Conduct. http://bae.uncg.edu/assets/faculty_student_guidelines.pdf


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SCHEDULE OF CLASS TOPICS AND ASSIGNMENTS

(subject to change at instructor’s discretion)

DATE Class # TOPIC CHAPTER ASSIGNMENT

Jan 14 (Class #1) Introduction to Class

Jan 16 (Class #2) The Accounting Cycle B READ Appendix B

Jan 21 No class – Dr. Martin Luther King Jr. holiday

Jan 23 (Class #3) Business: What’s It All About 1 READ Chapter 1

Jan 28 (Class #4) Qualities of Accounting Information 2 READ Chapter 2

Jan 30 (Class #5) Qualities of Accounting Information 2

Feb 4 (Class #6) Accruals and Deferrals 3 READ Chapter 3

Feb 6 (Class #7) Accruals and Deferrals 3

Feb 11 (Class #8) Accruals and Deferrals 3

Feb 13 (Class #9) Review for Mid-term exam

SUNDAY, FEB 17 AT 11:55PM -- CHAPTERS 1-3 + APPENDIX B HOMEWORK DUE

The homework assignment must be completed using MyAccountingLab (MAL).

The homework can be accessed using the website listed in the syllabus.

Make sure you have SUBMITTED the assignment before it is due.

Assignments submitted after they are due will not receive credit.

Feb 18 (Class #10) EXAM #1: Chapters 1, 2 & 3

Bring a pencil with an eraser, a calculator, and a Scantron.

Notes, scrap paper, and cell phones are NOT allowed during the exam.

Feb 20 No class – Jenna has out-of-town meeting

Payment for Goods and

Feb 25 (Class #11) Services: Cash and Accounts 4 READ Chapter 4

Receivable

Feb 27 (Class #12) Payment for Goods and 4

Services: Cash and Accounts

Receivable


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SUNDAY, MAR 3 AT 11:55PM – WRITING ASSIGNMENT DUE

The homework assignment must be submitted through SafeAssign in Blackboard.

The writing assignment is at the end of this syllabus.

You will receive confirmation of successful submission through Blackboard.

No late assignments accepted.

Mar 4 (Class #13) Payment for Goods and 4

Services: Cash and Accounts

Receivable

Mar 6 (Class #14) The Purchase and Sale of Inventory 5 READ Chapter 5

Mar 11, 13 No class – spring break

Mar 18 (Class #15) The Purchase and Sale of Inventory 5

Mar 20 (Class #16) The Purchase and Sale of Inventory 5

Mar 25 (Class #17) Acquisition and Use of Long-Term Assets 6 Read Chapter 6

Mar 27 (Class #18) Acquisition and Use of Long-Term Assets 6

Apr 1 (Class #19) Acquisition and Use of Long-Term Assets 6

Apr 3 (Class #20) Review Chapters 4, 5, and 6

SUNDAY, APR 7 AT 11:55PM -- CHAPTERS 4-6 HOMEWORK DUE in MAL

Apr 8 (Class #21) EXAM #2: Chapters 4, 5 & 6

Apr 10 (Class #22) Accounting for Liabilities 7 READ Chap 7 + Appendix

Apr 15 (Class #23) Time Value of Money 7A

Apr 17 No class – Jenna has out-of-town meeting

Apr 22 (Class #24) Accounting for Liabilities 7

Apr 24 (Class #25) Accounting for Shareholders’ Equity 8 READ Chapter 8

SUNDAY, APR 28 AT 11:55PM -- CHAPTERS 7-8 HOMEWORK DUE in MAL

Apr 29 (Class #26) Review for Final Exam

WEDNESDAY, MAY 8 - 12:00PM-3:00PM FINAL EXAM #3 (CUMULATIVE)


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Web Registration of i>clicker

Go to iclicker.com and click the Register Your i>clicker button.

iclicker.com registration screen showing Captcha Verification Image

To complete the student registration form, students must:

1. Enter their first name and last name in the appropriate fields.

2. Enter their student ID. The student ID is the portion of the student’s uncg e-mail address before @uncg.edu.

For example, John Smith has an e-mail address of [email protected]. John’s student ID is jhsmith.

3. Enter i>clicker remote ID. The remote ID is the 8-character alphanumeric code printed below the barcode

on the back of the remote.


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(i>clicker registration continued)

Sample i>clicker remote ID

4. Enter the letters or numbers in the captcha security image on the screen. This verification image is a slightly

distorted series of characters used to prevent spam bots from submitting the form.

5. Click the Enter button. An on-screen message confirms that registration was successful. The student’s ID is

now tied to their unique i>clicker remote ID.


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Accessing MyAccountingLab (MAL):

Register and Enroll in a New Subject

1. Go to the MyLab and Mastering website and click Student in the Register area.

2. Enter the course ID you received from your instructor for your new course, and click Continue.

Course ID: meints70165

3. Follow the instructions to either:

Use a student access code, purchase access online, or request temporary access.

To use a student access code:


2. Enter the course ID provided by your instructor and click Continue.

3. After verifying your course information, enter your username and password, and click Sign In.

4. If you don’t have a Pearson account, click Create an account.

5. Complete the Create an Account page. Helpful hints display to guide you.

6. Read and accept the license agreement.

7. Optionally, you can select the check box to help us make our products better and learn about new offers.

8. Click Create Account.

9. Click Access Code and enter your six-word access code in the boxes.

10. Click Finish to complete your registration.

11. Click Go to Your Course to access your online course.

To purchase course access online:


2. Enter the Course ID provided by your instructor and click Continue.



5. Complete the Create an Account page. Helpful hints display to guide you.




9. Select the button for the access level you want.

10. Select whether you want to pay with a credit card or use PayPal and enter payment information.

11. Click Review to review your order details. If you need to change anything, click the Change link.

12. Click Make Payment to submit your order.

13. Click Go to Your Course to access your online course.

http://pearsonmylabandmastering.com/

http://help.pearsoncmg.com/myp/myp_instr/Content/mycoursecompasscourses_myp/get_started_myp/how_students_enroll_myp.htm?CSHID=mycoursecompasscourses_myp%2Fget_started_myp%2Fhow_students_enroll_myp.htm#use_access_code

http://help.pearsoncmg.com/myp/myp_instr/Content/mycoursecompasscourses_myp/get_started_myp/how_students_enroll_myp.htm?CSHID=mycoursecompasscourses_myp%2Fget_started_myp%2Fhow_students_enroll_myp.htm#purchase_access

http://help.pearsoncmg.com/myp/myp_instr/Content/mycoursecompasscourses_myp/get_started_myp/how_students_enroll_myp.htm?CSHID=mycoursecompasscourses_myp%2Fget_started_myp%2Fhow_students_enroll_myp.htm#request_temp_access




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(Accessing MyAccountingLab (MAL) continued)

To request temporary access

If a student is waiting for financial aid, 17 days of temporary course access without payment may be available.


2. Enter the Course ID provided by your instructor and click Continue.



5. Complete the Create an Account page. Helpful hints appear to guide you.




9. To get temporary access to your course, click the link at the bottom of the page.

10. When a confirmation message appears, click Yes to complete your registration.

11. You will receive a confirmation email with payment instructions. Click Go to Your Course to access your course.

For more help with registration, go to the Get Started for Students area of the MyLab and Mastering website. For

instructions on registration, watch the Register for your course videos.


http://pearsonmylabandmastering.com/students/


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ACC 201, Spring 2013

Writing Assignment

Due: 11:55pm on Sunday March 3rd

through SafeAssign in Blackboard. E-mails will not be accepted. You

will receive confirmation through Blackboard that your essay has been submitted successfully.

ARTICLE:

In July 2012, the following news article appeared in CNNMoney.

Google to pay $22.5 million fine for Safari privacy evasion

By Stacy Cowley

NEW YORK (CNNMoney) -- Nine months. That's how long Google's privacy settlement with federal

regulators lasted before the company racked up its first violation.

Google has a preliminary deal in place with the U.S. Federal Trade Commission to pay a $22.5 million fine for

evading some privacy settings on Apple's Safari Web browser, a source with knowledge of the settlement told

CNN.

The fine would be the largest penalty ever levied on a single company by the FTC over privacy issues, but it's

still a financial wrist-slap for Google, which earned $2.9 billion last quarter.

Under the terms of the deal, which remains subject to approval from FTC commissioners, Google would admit

no wrongdoing.

Google (GOOG, Fortune 500) has previously acknowledged skirting the privacy settings on Apple's (AAPL,

Fortune 500) Safari Web browser, a move that let advertisers track users in unintended ways. Google

immediately disabled the technology when privacy researchers exposed it in February.

Asked to comment on its deal with the FTC, Google provided CNN with the following statement: "We cannot

comment on any specifics. However we do set the highest standards of privacy and security for our users."

An FTC spokesman declined to comment on the issue.

The Safari controversy erupted five months ago after a researcher at Stanford University found that Google had

overridden Safari's default privacy settings.

That sounds dire, but the actual consequences of Google's evasion were fairly trivial. The maneuver related to

ad targeting and allowed advertisers to deliver messages customized to users' recent browsing history.

Individual users' personal information was never collected.

Sites use files called "cookies" to follow users' movements and log-ins as they travel through the Web. Apple's

Safari has far stricter tracking restrictions than any other major browser: By default, it blocks third-party

cookies. That's a problem for ad networks like Google's, which rely on those cookies to measure their

campaigns and to enable some ad functions.


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(writing assignment continued)

Google admitted using a technical maneuver to evade Safari's default settings. The problem, pointed out by

Stanford University researcher Jonathan Mayer, was that Google's workaround went much further than Google

apparently realized.

"The Safari browser contained functionality that then enabled other Google advertising cookies to be set on the

browser. We didn't anticipate that this would happen," Google told CNNMoney at the time. "We have now

started removing these advertising cookies from Safari browsers."

Google's Safari dodge caught the attention of the FTC, which is monitoring Google's compliance with the

company's privacy pledges under the terms of a settlement deal finalized in October.

The October deal stemmed from Google's blunders with Google Buzz, an early social networking effort that

violated Google's written privacy policies. Google agreed to undergo regular, independent privacy audits and to

pay penalties of up to $16,000 per individual violation for any future privacy missteps.

In its statement to CNN about its talks with the FTC, Google emphasized that it considers the Safari skirmish a

minor one.

"The FTC is focused on a 2009 help center page published more than two years before our consent decree, and

a year before Apple changed its cookie-handling policy," the company said. "We have now changed that page

and taken steps to remove the ad cookies, which collected no personal information, from Apple's browsers."

-- CNN's Dan Simon contributed reporting

First Published: July 11, 2012: 2:19 PM ET


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INSTRUCTIONS:

READ the article and then respond to the following in essay format.

First, address the following:

What are the ethical issues involved in this article?

Identify all of the stakeholders of Google.

How are these stakeholders affected by the events of this article?

Second, answer the following four questions:

1. Why was Google fined $22.5 million?

2. What percentage of Google’s prior quarter earnings was the fine?

3. How does this fine affect Google’s net income?

4. Does Google have incentive to increase its reported earnings in the period of the fine?

(Why or why not?)

Finally, in your essay, assume Google’s public relations manager will inform stockholders of the fine in a letter.

If you were the public relations manager, what would be your approach to this letter to stockholders?

Remember to think like a manager for Google. Among other issues, you may care about the tone of the letter,

the explanation of Google’s actions, the fact that this was the largest fine over privacy issues in the history of

the FTC, future steps that stockholders may want to hear Google is taking to keep this from happening again,

and retention of stockholders.

Format Specifications: Your essay should be no less than one page and no more than three pages, double-

spaced in Times New Roman 12 point font with one-inch margins. The essay should be written in paragraph

form. Do not use bullet-points or other outline formats within the essay.

Tips for doing well on the assignment:

1. Your response should be professional, fact-based, and unemotional.

2. Proofread your essay! I cannot stress this enough.

3. Have someone else proofread your essay, preferably someone who has not read the assigned article so

they can determine whether everything is properly explained.

4. I encourage you to use UNCG resources such as the writing center

http://www.uncg.edu/eng/writingcenter/ to help you with your writing or to proofread your essay.

5. Make sure your spelling and grammar are correct.

6. Avoid using clichés (i.e. “Honesty is the best policy”) and exaggerations in your writing and try not to

make any judgments of character (i.e. “Jane Smith is a very unethical person”).

7. Do not use citations. Use your own words to answer the questions.

8. This is an individual assignment. You may use the tutors in the tutoring room to gauge if you are on the

right track, but they will not give our answers. You are expected to submit your own, original paper.


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GRADING:

The writing assignment is worth 5% of your final grade. The assignment will be graded equally on two

components; content and writing. Half of the writing assignment grade will be based on how well you answer

the questions in your own words and half of the grade will be based on your writing (grammar, spelling,

sentence structure, etc). Any information contained in your essay that is incorrect will result in points being

deducted so be sure your responses are appropriate. Be sure to address all of the questions. The grading rubric

that will be used is as follows:

1. Identifies the ethical issues in the article.

Poor________ Fair________ Good________ Very Good________ Excellent________

(2 points) (4 points) (6 points) (8 points) (10 points)

2. Identifies all stakeholders and discusses how they may be affected.



3. Responds to the first three of four questions.

For each question addressed and answered correctly: 2 points per question (up to 6 points)

For each question addressed, but answered incorrectly: 1 point per question

4. Responds to fourth question. Discusses (lack of) incentives to manage earnings.

Fair________ Good________ Very Good________ Excellent________

(1 points) (2 points) (3 points) (4 points)

5. Presents an appropriate response to stockholders.

Poor________ Fair________ Good________ Very Good________

(5 points) (10 points) (15 points) (20 points)

6. Quality of Writing. This includes grammar, spelling, and the ability to write the essay in a coherent,

concise, and effective manner.



schedule of class topics and assignmentsweb.uncg.edu/bae/acc/201301/acc-201-02.pdf · acc 201...

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