Accounting 2101 Syllabus

 A syllabus is a living document.  The faculty member reserves the right to update and change the syllabus as the term and class progresses so that the goals and objectives of the course can be met.

 Basic Information

Course designator and Course number:  Accounting 2101

Number of credits: 3

Term and year:  fall and spring 

Instructor's name:  David Crawford, CPA  

Office location:  Dowell Annex 149

Office hours: M, W, F at 10:00-11:00; W at 3:00; or by appointment

Phone:  218-281-8284; e-mail: dcrawfor@mail.crk.umn.edu

Description and Goals of the Course

Course prerequisites:  sophomore status and college algebra required 

Course goals, objectives, and expectations: 

Desired Learner Outcomes:  

Upon successful completion of this course:

 1.           The student will be able to describe the accounting profession. 

 2.            The student will demonstrate the use of debits and credits when recording business transactions.

 3.           The student will be able to explain and illustrate three of the basic financial statements (balance sheet, income statement and statement of owner’s equity). 

 4.           The student will be able to describe basic accounting systems for service and merchandising companies using concepts appropriate to proprietorships.

 5.           The student will be able to illustrate the concepts and principles of cash, receivables and payables, inventories, fixed assets and intangible assets.

 6.            The student will demonstrate accounting concepts related to partnerships.   

Core Components:

Upon successful completion of this course the student will have demonstrated the following:

·         Communication (listening, reading, using technology)

·         Critical Thinking (problem solving, applied learning)

Required Textbook Reading:  Accounting, 21^st ed. Warren, Reeve, Fess

 Also see textbook website at: http://www.swlearning.com/accounting/warren/acct_21e/warren.html 

Required Materials:  Working Papers, Vol. 1, Chapters 1-17 or templates from website  

Optional:  Xtra!, website access code to accompany the textbook

Criteria for grading and grading standards – The U of MN definition of grades can be located at - http://www1.umn.edu/ohr/teachlearn/syllabus/pol.html. 

This course uses the following assessment/evaluation methods:

1stTest.................................. 100 points

2nd Test............................... 100 points

3rd Test .................................100 points

Final Exam............................ 100 points

Quizzes................................. variable (10 points each)

Homework........................... variable (5 points for each that is collected)

Total Points........................... variable

Grade Scale:

90%-+ = A    80%-89% = B    70%-79% = C    60%-69% = D

Statement on quizzes, exams, assignments and other:

 1.          Students are expected to attend all classes.  The student is responsible for all material covered during an excused or unexcused absence.

2.          Students will generally be assigned one to three problems or exercises from the text per class period including appropriate reading related to the assignment.  For one three credit class, students should expect to spend approximately six hours of outside studying per week.  University guidelines suggest that students should expect to spend at least three hours per week per credit to do satisfactory work.  This means they must plan 45 hours per week for 15 credits.  Studies indicate that students who are able to put the most time into their college education do the best.

3.           There will be several unannounced quizzes.  The lowest quiz will not count in the grade computations.  A missed quiz cannot be made up but can count as the lowest quiz to be excluded from grade computations. 

4.           There will be a variable number of unannounced homework collections.  Homework assignments are due by the beginning of the class period assigned.  Late homework will not be accepted but a student may turn in homework early.

5.           Use of the computer and connecting to the Internet during class is appropriate for class related work only.  Any other use of the computer or Internet is not permitted during class time.  Instructors will inform students when they are to have the computers turned on.

6.           Prior arrangements must be made to make up major tests.

7.           Students will be expected to act in an ethical and responsible manner.  Scholastic dishonesty such as cheating on tests and homework or any act of plagiarism will result in the student being penalized academically for such actions.  Students are encouraged to refer to the University of Minnesota Student Conduct Code for further details. 

8.           If you wish to dispute the grade assigned to a paper or a question on an exam, you must

              do so IN WRITING within 24 hours after the exam or paper has been returned. You

              must include a specific rationale for why your answer is correct, or why the paper

              deserves a higher grade. "I think I deserve a better grade" does NOT constitute a

              rationale.

 Statement on accommodations for students with disabilities - The Office of Disabilities Services policy states:

·        Publications, such as course syllabi, college bulletins, program brochures, class schedules, newsletters, and instructional publications must be provided in alternative formats (braille, large print, tape, electronic) upon request; document conversion is provided on the UMC campus through the Academic Assistance Center at 218-281-8274.

·        It is University policy to provide, on a flexible and individualized basis, reasonable accommodations to students who have disabilities that may affect their ability to participate in course activities or to meet course requirements. Students with disabilities are encouraged to contact their instructors to discuss their individual needs for accommodations.

 Statement on academic integrity:  

 Academic integrity is essential to a positive teaching and learning environment. All students enrolled in University courses are expected to complete coursework responsibilities with fairness and honesty. Failure to do so by seeking unfair advantage over others or misrepresenting someone else's work as your own, can result in disciplinary action. The University Student Conduct Code defines scholastic dishonesty as follows:

 SCHOLASTIC DISHONESTY: submission of false records of academic achievement; cheating on assignments or examinations; plagiarizing; altering, forging, or misusing a University academic record; taking, acquiring, or using test materials without faculty permission; acting alone or in cooperation with another to falsify records or to obtain dishonestly grades, honors, awards, or professional endorsement.

 Within this course, a student responsible for scholastic dishonesty can be assigned a penalty up to an including an "F" or "N" for the course. If you have any questions regarding the expectations for a specific assignment or exam, ask.

 In addition, if a student has offended more than a single occasion, University administration may take additional action, including:

·        the loss of athletic or other privileges

·        expulsion from school

 Additional UMC information on Academic Dishonesty may be found at http://www.crk.umn.edu/campusinfo/policies/dishonst.htm.

 Statement regarding student conduct and sexual harassment: 

STUDENT CONDUCT
Instructors are responsible for maintaining order and a positive learning environment in the classroom. Students whose behavior is disruptive either to the instructor or to other students will be asked to leave. Students whose behavior suggests the need for counseling or other assistance may be referred to their college office or University Counseling Services. Students whose behavior may violate the University Student Conduct Code may be referred to the UMC Student Conduct Committee.

 SEXUAL HARASSMENT
Please note that sexual harassment by any member of the University community, student, faculty, staff, administration, is prohibited.  To review the complete policy on this issue, view the following webpage - http://www1.umn.edu/regents/policies/humanresources/SexHarassment.pdf.

ASSIGNMENTS:  

Assignments will be posted in this space to this syllabus as the semester progresses.  Please check this website for new assignments.

Date:                                    Event (Assignment)

Mon. 1/08/07                    Introduction to course

Wed. 1/10/07                    Read Chapter 1

Fri.    1/12/07                    Ex. 1-4, 1-5, 1-6, 1-7                    

Mon. 1/15/07                    Holiday, no class

Wed. 1/17/07                    Probs. 1-5A, 1-2A

Fri.    1/19/07                    Read Chapter 2; Ex. 2-2,

Mon. 1/22/07                    Ex. 2-7, 2-8, 2-9,

Wed. 1/24/07                    Ex. 2-13;  Prob. 2-3A

Fri.     1/26/07                    Prob. 2-6A;  Read Chapter 3

Mon.  1/29/07                    Ex. 3-1, 3-10, 3-11

Wed.  1/31/07                    Probs. 3-3A, 3-6A           

Fri.     2/02/07                    Ex. 3-14, 3-17, 3-19, 3-20, 3-22

Mon.  2/05/07                    Test,  chapters 1,2,3

Wed.  2/07/07                    Read chapter 4

Fri.     2/09/07                    Ex. 4-2, 4-10, 4-16

Mon.  2/12/07                    Prob. 4-2A

Wed.  2/14/07                    Ex. 4-19, 4-22, 4-25

Fri.     2/16/07                    Change to Ex. 4-20, 4-21, 4-23                               

Mon.  2/19/07                    Read chapter 5

Wed.  2/21/07                    Ex. 5-1, 5-10, 5-11

Fri.    2/23/07                     Ex. 5-14, 5-19

Mon. 2/26/07                    Read chapter 6

Wed. 2/28/07                    no class, convocation

Fri.   3/02/07                     Ex. 6-1, 6-2; Prob. 6-3A

Mon. 3/05/07                    Prob. 6-4A

Wed. 3/07/07                   Test 2,  chapters 4, 5, 6

Fri.    3/09/07                    Read chapter 7

spring break 

Mon. 3/19/07                    Ex. 7-4, 7-5

Wed. 3/21/07                    Prob. 7-2A, 7-3A

Fri.   3/23/07                     Prob. 7-5A; Read chapter 8

Mon. 3/26/07                    Ex. 8-2, 8-3

Wed. 3/28/07                    No Class, Business Activities Day

Fri.   3/30/07                     Prob. 8-1A, 8-3A

Mon. 4/02/07                    Prob. 8-4A, 8-5A

Wed. 4/04/07                    Read chapter 9; Ex. 9-13

Fri.    4/06/07                    No Class; Holiday

Mon. 4/09/07                    Prob. 9-3A

Wed. 4/11/07                   Prob. 9-1A, 9-2A

Fri.    4/13/07                   Test 3, chapters 7, 8, 9

Mon. 4/16/07                   Read chapter 10; Prob. 10-1A

Wed. 4/18/07                   Probs. 10-2A, 10-3A

Fri.    4/20/07                   Ex. 10-18;  Prob. 10-6A

Mon. 4/23/07                   Read chapter 11; Ex. 11-4

Wed. 4/25/07                   Ex. 11-5;  Prob. 11-1A

Fri.    4/27/07                   Ex. 11-11;  Prob. 11-3A

Mon. 4/30/07                   Study Day

Test 4--Chapters 10, 11 +  on final exam schedule of  Tuesday, May 1, at 2:00 pm.