COLLEGE OF SOUTHERN NEVADA
Instructor: Anthony E. Fortner MS, CPA
Office: W. Charleston, Building C, 2nd Floor, Room 250-C
Phone: 702-651-5712 (office); 918-413-2914 (cell)
E-mail: firstname.lastname@example.org (work) or email@example.com
Office Hours: MW 11:00AM to 12:00PM; TR 9:30AM to 11:00AM
Course No.: ACC 201
Course Title: Financial Accounting
Required Text: Financial Accounting by Weygandt, Kimmel, Kieso. College of Southern Nevada edition. (photo of rock climber on cover) ISBN: 978-1-118-74296-9 Publisher: Wiley
Other Materials: mechanical pencil, eraser, pen, Texas Instruments BA II plus
financial calculator or Apple iPhone (Texas Instrument BA II plus app),
3-ring binder, tab dividers, 3” x 5” index cards, rubber bands.
Course Description: The study of corporate financial accounting concepts and theories with an emphasis on preparation and use of the income statement, balance sheet, and statement of cash flows. Coverage involves the process of analyzing, processing, interpreting and communicating financial information to aid in decision making.
Course Objectives/Learning Outcomes:
1. To obtain a solid understanding of the accounting cycle
2. To learn how to analyze and record transactions
3. To learn how to prepare a set of financial statements including the income statement, balance sheet, statement of cash flows, and statement of shareholder’s equity
4. To recognize and comprehend the various components of a company’s annual report
5. To obtain a proficiency with a Texas Instruments BA II plus financial calculator and Microsoft Excel
6. Record business transactions in journal form
7. Post journal entries to ledger accounts
8. Prepare and record adjusting and closing entries
9. Prepare a trial balance, work sheet and financial statements
10. Account for receivables, payables, notes and interest
11. Account for inventories
12. Compute depreciation
13. Account for disposition of plant assets
14. Demonstrate knowledge of U.S. GAAP (generally accepted accounting principles)
Grades will be determined by the student’s performance on the following:
Exam 1: 100 points
Exam 2: 100 points
Exam 3: 100 points
Exam 4: 100 points
Attendance: 200 points
Homework: 200 points
Total Points: 800 points
Grade Total Points
A 720 - 800
B 640 - 719
C 560 - 639
D 480 - 559
F Below 480
The homework problems are contained in Problem Set B for all chapters 1 through 14 in the textbook. Students are to work with their study team members to complete the homework. There are five homework problems per chapter and each team will have five members and each team member will complete one homework problem per chapter. The instructor will clearly explain how to complete the homework problems on Excel during class time. Each member is responsible for completing their share of the homework. After a student finishes their portion of the homework they are to submit their homework to the group coordinator by e-mail and be able to explain it to their team members. The group coordinator will keep all the team members homework stored on a hard drive. The instructor will meet with the group coordinator at the end of the semester for a homework audit and will give students credit for their homework (up to 200 points). (Note: Do not purchase the working papers. All homework is to be done on Excel.)
Note: For the exams students need access to either: 1.Texas Instruments BA II plus calculator or 2. Microsoft Excel on an iPad or laptop computer. In other words, Excel is preferable and has all the capabilities of the Texas Instruments BA II plus and much more. All of the homework is to be done on Excel. A free subscription to Microsoft Excel is available to all CSN students. Excel templates for all homework problems will be e-mailed throughout the semester.
Throughout the semester the instructor will give homework assignments to watch videos on www.khanacademy.org. All videos assigned will relate to the course content or the accounting profession.
Students will receive the solutions manual to the textbook. This solutions manual contains solutions for all questions, exercises, problems and end-of-chapter material except Problem Set B which is the homework. These solutions are to be used as a reference guide to complete the homework. Every homework problem in “Problem Set B” is very similar to a problem in
“Problem Set A”. In other words, students have a sample problem for all of the homework problems. Students will receive the completed “Problem Set A” in Excel files to be used as an example when working on “Problem Set B”. In addition, students will receive Excel templates for “Problem Set B” which is to be used for completing the homework.
Students will form study teams. The study team members are work as a team on the assigned homework (Problem Set B) and study guides/practice tests throughout the semester.
The first half of the class time will be spent on lecture and the second half of the class time will be spent on accounting tutoring.
Approved safety procedures are posted in each classroom and are to be followed.
Students can receive accounting tutoring during class time and the instructor’s office hours and at the accounting lab. The accounting lab hours are posted in the classroom.
Scholastic dishonesty will not be tolerated and will be prosecuted to the fullest extent. You are expected to have read and understand the current issue of the student handbook (published by Student Services) regarding student responsibilities and rights and the intellectual property policy for information about procedures and what constitutes acceptable on-campus behavior.
Students with medical, psychological, learning or other disabilities desiring academic adjustments, accommodations or auxiliary aids will need to contact a Campus Disability Resource Center – Cheyenne 651-4045, Charleston 651-5644, Henderson 651-3086. DRC determines eligibility for and authorizes the provision of services.
Information contained in this syllabus, other than the grading and attendance policy is subject to change as deemed appropriate by the instructor with advance notification. Students’ rights and responsibilities pertaining to CSN policies and services are found in the College Catalog and on the CSN website.
Canvas Replaces Angel as New Learning Management System
CSN will use a new learning management system called Canvas. This will replace the system known as Angel that students log into to access online courses and course materials.
(Note: Canvas will not be used in this financial accounting course; however, the instructor will respond to student e-mails sent through Canvas. All course materials will be distributed by e-mail with the subject line starting with “ACC 201”)
Directions to Log into Your Courses
1.) Login to the CSN Online Campus by going to http://www.csn.edu/onlinecampus,
2.) Once logged in, you will see the standard list of all of the courses in which you are enrolled.
Please go to www.csn.edu/success for more information on Canvas, including training guides and login information.
New Student Refund Policy Effective this Semester
CSN has a new student refund policy for course withdrawal
· 100% withdrawal first week of instruction
· 50% withdrawal before the end of the 2nd week of instruction; and
· No refund after the start of the third week or for application or admissions.
· More information is available at www.csn.edu/success, including information about short-term class refunds.
New Student Academic Warning/Probation/Suspension Policy Effective this Semester
If students’ cumulative GPA (grade point average) falls to 2.0 or lower after attempting at least 12 credits, they will receive an academic warning, so that they have time to seek help. Continued performance at 2.0 or lower in future semester course work can lead to academic probation or academic suspension.
Students on academic suspension will not be able to enroll in classes for a semester. More information is available at www.csn.edu/success.
No More Late Registration Effective Spring 2014
Starting in spring 2014, CSN students will no longer be able to register after the semester begins. CSN students will be able to register until 11:59 p.m. the day before the semester begins.
More information at www.csn.edu/success
If you are a new student or have no declared major, you will meet with a CSN success coach for all your advising needs, including course planning and career exploration services. Success coaches are located in student services areas and their contact information is available at www.csn.edu/success.
If you are a student who has declared a major, CSN has assigned you a counselor who is an expert on your declared major and can help you effectively navigate your program.
This counselor’s office is located in the academic school (i.e. the School of Arts & Letters) in which your declared major resides. To find out whom your counselor is and make an appointment, go to www.csn.edu/success, or contact the CSN Call Center at 702-651-5555.
1. Come to class on time
2. No excessive texting during class
3. No headphones
4. No texting during exams
5. If you have to leave class early please let the instructor know in advance
6. iPhones, iPads and laptop computers are allowed in the classroom for the use of the Texas Instruments BA II plus app and Microsoft Excel and to access websites that pertain to class discussion
7. Kindness, courtesy, and respect is expected and appreciated by your fellow classmates and the instructor.
The Retention Office will help you come up with practical solutions to any challenges you may encounter and get you connected to the right resources. The mission of the office is to help you stay in school and achieve your dreams for a brighter future. We are here to help and work with you. Charleston….651-7367, Cheyenne…651-2626, Henderson…651-3103.
How to prepare for exams:
Study guides and/or practice exams will be given to assist the students in preparing for the exams. The study guides and practice exams were prepared to coincide with the textbook and lecture. The exams will consist of multiple choice questions that are both conceptual and computational. Scantrons will be provided. Students are expected to come to the exam with a pencil, eraser, and the Texas Instruments BA II plus calculator or an iPad or laptop computer with Microsoft Excel.
The following are helpful tips that will help you succeed in this class:
1. Come to class on time.
2. Sleep 7 to 8 hours every night.
3. Study a little every day and avoid late-night cram sessions the night before the exam.
4. If you don’t understand the material please let the instructor know as soon as possible.
5. Studying the concepts with repetition can help you achieve long-term retention.
6. Make use of flash cards with the question on the front and answer on the back.
7. Don’t give up if you don’t understand a concept or problem at first. You will understand the material if you remain persistent.
8. Study in groups. Social interaction will enhance and enrich your college experience.
9. Do your best and maintain a positive attitude.
ACC 201 – Financial Accounting Homework/Exam Schedule
(There are 5 students per team…so each student completes one problem per chapter)
(To prepare for the exam…study the practice exam!)
Exam 1: MW September 29, TR September 30
Chapter 1: Accounting in Action
P1-1B P1-2B P1-3B P1-4B P1-5B
Chapter 2: The Recording Process
P2-1B P2-2B P2-3B P2-4B P2-5B
Chapter 3: Adjusting the Accounts
P3-1B P3-2B P3-3B P3-4B P3-5B
Chapter 4: Completing the Accounting Cycle
P4-1B P4-2B P4-3B P4-4B P4-5B
Exam 2: MW October 27, TR October 28
Chapter 5: Accounting for Merchandising Operations
P5-1B P5-2B P5-3B P5-4B P5-7B
Chapter 6: Inventories
P6-2B P6-3B P6-4B P6-5B P6-8B
Chapter 7: Fraud, Internal Control, and Cash
P7-1B P7-2B P7-3B P7-4B P7-5B
Chapter 8: Accounting for Receivables
P8-1B P8-2B P8-3B P8-4B P8-7B
Chapter 9: Plant Assets, Natural Resources, and Intangible Assets
P9-1B P9-2B P9-3B P9-4B P9-5B
Exam 3: MW November 19, TR November 20
Chapter 10: Liabilities
P10-1B P10-4B P10-5B P10-6B P10-9B
Chapter 11: Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings
P11-1B P11-2B P11-3B P11-4B P11-6B
Chapter 12: Investments
P12-1B P12-2B P12-3B P12-4B P12-5B
Exam 4: MW December 8, TR December 9
Chapter 13: Statement of Cash Flows
P13-3B P13-5B P13-7B P13-9B P13-11B
Chapter 14: Financial Statement Analysis
P14-1 P14-2 P14-3 P14-5 P14-6
Appendix D: Time Value of Money
Ø Practice Exam (a practice exam will be e-mailed for every exam)
Ø Solutions manual to the textbook (everything except Problem Set B)
Ø Texas Instruments BA II plus tutorial
Ø Homework Team Form
Make-Up Exam Policy:
Students are expected to take all exams at the scheduled time in the classroom. If a student is unable to take an exam at the scheduled time due to an emergency or extenuating circumstances the student can take the exam in the instructor’s office during the instructor’s office hours. If a student takes a make-up exam they will be permitted the same amount of time as the students who took the exam as scheduled.
Counseling & Psychological Services (CAPS)
CAPS offers a variety of free and confidential services aimed at helping CSN student to achieve their personal and academic goals.
Students often find that personal issues impact their ability to be successful at college. CAPS provides confidential short-term individual, couples (student only); group therapy; support groups; and crisis intervention. Students enrolled in a minimum of 6 credits (3 credits during summer) can utilize CAPS services.
CAPS is also available to assist faculty and staff by offering consultation on student-specific concerns or classroom situations and educational presentations and programs.
Ø Managing Stress
Ø Dealing with traumatic experiences (e.g. sexual assault, physical abuse)
Ø Coping with learning disabilities and ADHD
Ø Managing anxiety (e.g. test taking, public speaking, social situation, panic attacks)
Ø Coping with grief and loss
Ø Increasing self-confidence and assertiveness
Ø Clarifying values and priorities
Ø Understanding and improving relationships
Ø Diversity issues
How to contact CAPS…
Director of CAPS
Dr. Bradley Gruner, Psy.D.
Building D Room 104
Lisa Schapiro LMFT, CAPS clinician
Jessica Stellberg-Filbert LMFT, CAPS clinician
Building C Room 113A
Jessica Stellberg-Filbert LMFT, CAPS clinician
CPA Exam Information:
The CPA exam consists of four parts: FAR (Financial Accounting and Reporting), AUD (Auditing and Attestation), BEC (Business Environment and Concepts), and REG (Regulation). If you are interested in becoming a CPA, I highly recommend purchasing the materials from the following websites:
www.amazon.com (complete set of 4 review books with notes, problems, and solutions by Nathan M. Bisk, JD, CPA)
Financial Accounting & Reporting (43rd edition/2014) $35
Auditing & Attestation (43rd edition/2014) $35
Business Environment & Concepts (43rd edition/2014) $35
Regulation (43rd edition/2014) $35
www.becker.com (complete set of Q & A flashcards) $180
Find applicant information at: www.nvaccountancy.com
Memorize the acronyms given in the review books.
It’s never too soon to begin your CPA exam review! An early start will guarantee your success on the exam; in addition, your CPA review will help you tremendously in your upper division and graduate level accounting courses.