ACCT 2110: Financial Accounting

MWF 8:00 in JH 411 & MWF 9:05 in JH 401:

Tentative Class Plan: Fall 2004

Catalog Description: Prerequisite: Sophomore standing or consent of instructor. Fundamental principles and procedures of financial accounting and reporting (Lec 3, Credit 3).

Your Course Objectives: To: (1) understand accounting as an important element of the business information system, (2) understand fundamental accounting theory, concepts, and procedures, (3) understand the accounting process and its informational output, and (4) be able to prepare and understand basic financial statements of service and merchandise entities.

Instructor: Dr. R. Dan Fesler, DBA, CPA (inactive), CMA, and CIA.

Office Hrs: MWF 10:00 – 11:15 and MW 12:45 – 2:00. Online office Hrs: T and TH mornings.

Email: Ordinarily you should contact me via regular campus email at dfesler@tntech.edu..
Phone is 931-372-3685 but I prefer E-mail and am quicker (much quicker) at responding to email than voicemail.

Required Course Materials: Financial Accounting, 3rd edition, by Kimmel, Weygandt, Kieso, Wall Street Journal, 15 Weeks.

Textbook Website - Student materials, Powerpoint shows, etc.

Content -Approx.: Introduction to the Internet and Excel 1.0 hrs. Financial Statements 6.0 hrs.

The Accounting Information System 3.0 hrs. Accrual Accounting Concepts 4.5 hrs.

Merchandising Operations 3.0 hrs. Reporting and Analyzing inventories 3.0 hrs.

Internal Control and Cash 3.0 hrs. Reporting and Analyzing Receivables 3.0 hrs.

Reporting and Analyzing Assets 3.0 hrs. Reporting and Analyzing Liabilities 3.0 hrs.

Reporting and Analyzing Equity 3.0 hrs. Statement of Cash Flows 3.0 hrs.

Examinations 4.5 hrs.

WebCT At http://www2.tntech.edu/its/pubs/WebCTTips/IntroWebCT3_6Students.pdf find the student handout for WebCT. Some students may need to work through/use this handout. WebCT address is http://webct.tntech.edu. Online gradebook, online quizzes, and some online submission of homework are planned.

Teaching Method: Lectures, quizzes, discussions, and problem demonstrations.

Grading: 3 Regular Exams = 100 pts. each, Comprehensive Final = 150 pts., Homework and Quizzes = 150 pts (please note these points are HIGHLY tentative), Approx. std. scale will be used: 90-100 is A, 80-89.99 is B, etc., etc.
Class Attendance & Deportment = 30 points. Those who miss no more than 1 class will be eligible for the full 30 points. However, unprofessional class deportment may result in a loss of these points and more. At all times I expect you to be attentive, reasonably cooperative and to show professional respect for the instructor (me) and your classmates. Students that go to sleep in class will be considered absent.

Homework Assignments: Check Figures here and at Text website. Beginning with Chapter 2, a minimum of one homework assignment per class must be completed using computerized software (such as Excel or Word). Submit the solution to the assignment in a format suitable for the president of a large corporation. If unfamiliar with the basics of Word and Excel, you can gain the necessary knowledge:

Free hardcopy Word and Excel tutorials at http://www2.tntech.edu/its/pubs/Default.htm.

Accounting 2110 Fall 2004: Detailed Tentative Class Plan

Approx. Date Chapter Homework Assignments

8/30 Intro/Orientation Word and Excel tutorials (see details above)

  9/1 1   Mock quiz, Questions, BE7, BE10, E1, E3, E11, E15, P3b, P6b, WSJ 
 
  9/8    2  Online quiz, Questions, BE4, E5, E8, P3b. WSJ
 
  9/15    3 Online quiz, Questions, E7, E9, P5b, WSJ  
 
  9/20    4  Online quiz, Questions, E8, E9, P4b, P9b, WSJ  
 
  9/27    Examination 1  Chapters 1-4/ Submit Homework folder for review
 
   9/29 5 Online quiz, Questions, BE3, E4, E12, P2b, P4b, WSJ 
 
   10/6 6 Online quiz, Questions, BE9, E1, E5, P9b, WSJ
, 
   10/13    7  Online quiz, Questions, BE8, BE11, E4, E8, E12, P3b, P6b, WSJ
 
  10/20   8  Online quiz, Questions, BE5, BE10, E5, P1b, P3b, WSJ   
 
  10/27 W Examination 2 Chapters 5-8/Submit Homework folder for review
 
  10/29      9 Online quiz, Questions, BE2, BE5, E3, E5, P2b, P4b, WSJ
 
  11/5  10 Also read appendices 10A, 10C, & 10D, WSJ
   Online quiz, questions, BE1, BE2, BE6, E7, E9, E17  
 
   11/12   11 Online quiz, questions, BE5, E10, E11, P1b, WSJ   
 
   11/19 Examination 3  Chapters 9-11/Submit Homework folder for review
 
  11/22 12 Skip pages 609-622, Online quiz, questions, E2,E5,E7,P3b, WSJ 
 
 12/1 Appendix C Time Value of Money

    Online quiz, All Brief ExercisesBED2, ED1, ED3, ED8, PD2a 
 
  12/8 & 10  Float/Review/Catch-Up, WSJ 




Final Exams: 8:00 Class Thursday December 16 at 8:00 AM 9:05 Class Monday December 13 at 8:00 AM 
 
Help Sessions: Every semester, Beta Alpha Psi ( the accounting honorary fraternity) staffs accounting labs for use by ACCT 2110 and 2120 students. These labs are FREE. Dates will be announced in class.




Late homework: Ordinarily, homework is not accepted late or early. However, at the end of the semester you may (1) turn in one assignment or quiz and receive full credit and (2) a second assignment or quiz and receive ½ credit. You may not however, make-up any in-class assignments that are completed in class. One or two missed in-class assignments should have no significant impact on your grade since they are normally a max of 3 points each. Important: Those entering class late will not be allowed to catch up on assignments. 




If you miss a class: First, consult the class log (calendar)in WebCt to determine what you have missed. You may need to get class notes from a classmate. Remember, if you miss several classes it will probably negatively impact your grade. In addition, your grade will be directly lowered for excessive absences. 




If you miss an exam: Missing an exam is a serious matter. Your percentage score on final exam will be recorded for the exam you miss. In most every case, it is in your best interests to take all exams.