University of North Georgia

Business Division-Oconee Campus

Syllabus

ACCT2101—Principles of Accounting I

Summer 2018

First Short Session (May 29) 10:30am-12:45pm MTWR

 

GENERAL INFORMATION

 

Instructor’s Name:      Penelope Lyman

Email Address:            plyman@ung.edu

Office Hours:               Room 592 By appointment

Web Site:                    http://faculty.ung.edu/plyman/

 

Email is the official tool for contacting me during the semester. 

Email policies for this class are as follows:

·        Students are required to use their school email account for all communications.

·        Students are expected to check their email accounts on a daily basis.

·        Send your emails to plyman@ung.edu . Do NOT send emails to me via eLearning's email tool in D2L.

·        I will respond to your emails within 24 hours of receipt EXCEPT on holidays.  If I don’t respond, assume that your email was eaten by cyberspace.  Please resubmit.

 

Prerequisites:  Area A Math with a grade of C or higher.

 

Important Dates:

 

Drop/Add:  May 29-May 30

 

Attendance Verification: May 31-Jun 5

 

Last Day to Withdraw Without Academic Penalty:  Jun 14

 

Last Day of Class:  June 27

 

Final Exam Date:  June 28 – 10:30am class:  10:30am-12:30pm

 

Double check final exam date at link below:

http://ung.edu/academic-affairs/final-exam-schedules.php 

 

I make every effort to make sure the above dates are accurate.  However, the above dates are subject to the schedules and calendars posted online at the University of North Georgia website. 

http://ung.edu/academics/academic-calendars/index.php

It is the student’s responsibility to verify these dates as they could be subject to change.

 

TEXT AND OTHER MATERIALS

 

Text: Financial and Managerial Accounting; Warren, Reeve, & Fess; 14th edition; South-Western Cengage Learning, 2018. 
ISBN 978-1-337-11920-7

·       Link to publisher eBook/eChapter/Rental: http://www.cengagebrain.com/shop/search/9781337119207

·       Link to UNG bookstore textbook lists http://ungbookstore.com/

Working Papers Chapters 1-15 (packaged with text from UNG bookstore)

Study Guide, Chapters F1-F15; ISBN 978-1-285-08541-8 (ebook only)

·       Link to VitalSource eBook 120 Day Rental https://www.vitalsource.com/products/3p-ebk-sg-vol1-corp-fin-acc-fin-mrgl-acc-cengage-learning-v9781285950808?term=9781285085418

 

COURSE DESCRIPTION

 

Principles of Accounting I is an introduction to the fundamentals, practices, and procedures of accounting, including the constructions and interpretation of financial statements. Emphasis is placed on the corporate form of business organization.

 

Prerequisite: Area A Math with a grade of C or higher.

 

COURSE OBJECTIVES

 

ACCT 2101 is a lower-division course designed to prepare students for four-year business programs. Students will learn to:

 

1.

Demonstrate an understanding of the role of accounting in business.

2.

Analyze, record, and summarize transactions related to financing and operating a service and merchandising business.

3.

Prepare and interpret basic financial statements.

 

METHODS OF INSTRUCTION AND EVALUATION

 

Classroom Procedures:

1.

Each chapter assigned will be covered in the classroom, using the textbook, illustrations, and other examples.

2.

The exercises and problems listed on the assignment sheet are homework that will be covered in class.  These exercises and problems are at the back of every chapter in your textbook.  The Working Papers, which are listed as a required text, are specially designed to use with the exercises and problems assigned and will make doing the homework easier for you.  Specific assignments will be made each class.

3.

There are seven tests scheduled for the semester (including a comprehensive final exam). 

  • All tests are mandatory. 
  • You should bring a 4-function calculator and a scan tron to each test.  You may NOT use your cell phone as a calculator during a test.  You may NOT use a graphics calculator during a test.
  • Each test, not including the final exam, is worth between 50 and 65 points and is made up of multiple choice and problems.
  • You MUST take the Final Exam.  The final exam is comprehensive and is made up of 75 multiple choice questions.  The final exam is worth 150 points.

 

Policies for make-up tests (not including the final exam):

A)    If you have a legitimate, documented doctor's excuse for missing a test, you may make up the missed test without penalties if you take it on the day you are permitted to return to class on the doctor's note.  The day you return must correspond with the dates on your documentation–not the day of your next scheduled class.  (Make sure your doctor includes a "date to return to class" on your excuse.)  Be aware that I call the doctor's office to verify excuses.

B)    Funerals are not excused absences unless they are for immediate family members.  If you must attend a funeral and will miss class as a result, contact me BEFORE the exam, and I will arrange for you to take the exam early.

C)   If you miss a test excused or unexcused, except for Test 6, you will have 3 days to make up the missed test or you will receive a zero for that test.  Test 6 (the last test, not the final exam) must be taken no later than the last day of classes or you will receive a zero for that test.

D)   Points will be deducted from the first four missed tests without a documented excuse as follows:

    • 10% for the first undocumented missed test
    • 20% for the second undocumented missed test
    • 30% for the third undocumented missed test
    • 40% for the fourth undocumented missed test

1.     You must contact me via email that you missed the test. 

2.     The first three missed tests may be taken at the Tutoring Center in the SRC building Room 583. Exams at the tutoring center must be scheduled 24 hours in advance by contacting.

o   The tutoring center front desk in Room 583

o   The tutoring center front desk via phone at 706-310-6294

o   Sanjna Naqvi via email at Sanjna.Naqvi@ung.edu.

o   Take identification, a scan tron, and a 4-function calculator with you when you present yourself at the Tutoring Center to take the test.

3.     The fourth missed test must be taken in my office at MY convenience within 3 days (unless the fourth missed test is Test 6 which is due no later than the last day of classes). At my discretion, the fourth missed test may also include a mandatory counseling session with the course coordinator before you may take the fourth missed test.

4.     Any tests missed beyond the fourth test will receive a zero, no excuses; no exceptions.

 

4.

The Study Guide (required ebook purchase) must be filled in **completely and in good form** for each chapter.  For full credit, the Study Guide chapters must be submitted at the beginning of class for each exam.  The answers to the Study Guide chapters are provided within the Study Guide (at the back); therefore, no excuses are acceptable for failure to turn in comprehensively completed chapters.  I will also be checking to make sure the Study Guides are prepared in good form.  Points will be deducted for unprofessional submissions.

 

If you fail to turn in your Study Guide chapters on time, you have until the beginning of the next class meeting to submit the Study Guide chapters for half credit, after which you will receive a zero for missed chapters.

 

5.

Comprehensive Problem 1 at the back of Chapter 4 is extra credit.  We will be working this problem together in class.  To receive full points, the project must be handed in, completely finished and in good form on the working papers, on the day of Chapter 4's exam (Test 2) at the beginning of class.  No late submissions will be accepted.  Incomplete submissions will not be accepted.

 

Attendance

 

Students MUST attend class during the Attendance Verification period or the student will be reported as absent and will be administratively withdrawn (not dropped) from the course. Attendance at all scheduled classes is mandatory.  Any student who misses more than 20 percent of scheduled classes will be administratively withdrawn at the instructor's discretion.  Students who wish to withdraw must do so by the midpoint of the term to avoid academic penalty.  It is the student’s responsibility (not the faculty member’s) to arrange for a withdrawal from either a course or from the school. 

 

COURSE GRADING

 

Tests 1-5 @65

325 points

Test 6 @50

  50 points

Study Guide (4 points each)

  44 points

Final Exam  (Chapters 1-6 & 8-12)

150 points  (comprehensive)

Total

569 points---100%

========

*Extra Credit **Comprehensive Problem 1 @10 points—see Assignment Sheet

 

The scale is:  90%=A, 80%=B, 70%=C, 60%=D, <60%=F detailed as follows:

 

GRADE

AVERAGE

POINTS

A

90%-100%

512-569 points

B

80%-89.9%

455-511 points

C

70%-79.9%

398-454 points

D

60%-69.9%

341-397 points

F

<59.9%

<340 points

 

Please note: An 89% is NOT an A; a 79% is NOT a B; a 69% is NOT a C, and a 59% is NOT a D.  Your grade is based on the total number of points you earned divided by 569 points as outlined above.  There are no non-academic influences on final grades.  Grades are posted promptly to eLearning.  Upload errors are subject to correction.

 

I reserve the right to consider an individual's class participation, attendance, enthusiasm, and preparedness when assigning a final grade.

 

SUPPLEMENTAL COURSE INFORMATION

 

PROS is a graduation requirement for BBA students.

·       At 30 hours, or upon becoming a new BBA student, reach out the PROS office (PROS@ung.edu) to verify your status, get your plan of study, and enroll in the D2L course. Once enrolled, take the syllabus quiz to get started.

·       PROS must be completed at least 90 days prior to graduation.

·        Please visit https://my.ung.edu/departments/college-of-business/Pages/PROS.aspx or make an appointment for more information.

 

See link below for info regarding inclement weather, students with disabilities, academic dishonesty, smoking policy, course withdrawals, administrative office hours, etc.

http://ung.edu/academic-affairs/policies-and-guidelines/supplemental-syllabus.php

 

 

Assignment Sheet

ACCT2101-1st Short Session

Summer 2018

 

WEEK

DAY

CHAPTER

QUESTIONS

EXERCISE

PROBLEM

1
May 29

T

INTRODUCTION

1

 

4-10

 

1,3,6,8,9,11,12

 

 

W

1

2 Transactions

 

1-10

16,17,19,22,ADM-1

1A, 3A

R

2

 

3,6,7,16,17,ADM-1&2

2

Jun 4

M

2

3 Adjusting Entries

 

ALL

 

3A,CP1(#1-3) p222

T

TEST 1

(Study Guides 1 & 2
Due at class start)

3

 

 

 

 

 

 

 

1,3-5,9-11,14,18,19

ADM-1&2

 

 

 

1A,5A,CP1

(#4,6,7)

 

W

4 Accounting Cycle

ALL

2,23-26,10,14,18,20,

ADM-2

CP1(#5,8-10)

R

TEST 2

(Study Guides 3 & 4
Due at class start)

COMPREHENSIVE

PROBLEM DUE!!

5 Mdse Business

 

 

 

 

 

ALL

 

 

 

 

 

1,13,15,16,18-20

3
Jun 11

M

5

 

6 Inventory

 

 

ALL

21,22,24,26,28,29,36,

ADM-2

1,7,13-15

 

T

6

7 Sarbanes/Oxley,

   Cash Reconciliation

 

DISCUSSION

 

16,17,24,ADM-1

18,19

 

 

W

TEST 3

(Study Guides 5 & 6

Due at class start)

8 Receivables &

   Discounted Notes

 

 

 

ALL

 

 

 

19,20,23,ADM-2

See handout (eLearning)

 

 

R

8

9 Long-Term Assets

 

ALL

3-6,11,12,15

1,3-7,9,12,13

 

June 14 Last day to withdraw with a “W”

4

Jun18

M

9

10 Current Liabilities

See also, Supplemental

Payroll pdf file

 

ALL

17-20,ADM-1

1,4,8,11,13

2A

T

TEST 4

(Study Guides 8 & 9

Due at class start)

10

 

 

 

 

 

16,22,24,ADM-1

 

 

 

W

11 Long-Term Liabilities

All

See website

handout

1-9,ADM-1

 

 

 

 

 

R

11

ALL

12-15

 

5

Jun 25

M

TEST 5

(Study Guide 10 & 12*

Due at class start)

12 Corporations

*Note: Study Guide

Chapter 12 should be

used for Textbook

Chapter 11

 

 

 

Introduction

 

 

T

12

ALL

1-5,8-11,13-16, 19,20

(Ch 14 p686 (dividend

yield))

Jun 27

Last day of classes

W

TEST 6 (no makeup)

(Study Guide 11*

Due at class start)

Review for the final

Note: Study Guide

Chapter 11 should be
used for Textbook
Chapter 12

 

 

 

JUNE 28  FINAL EXAM 10:30 am – 12:30pm (Thursday)

Comprehensive Problem 1 (CP1) is EXTRA CREDIT worth 10 points each--due with Chapter 4 exam.

NOTE!!! This syllabus is subject to revision as deemed necessary by the instructor.