Tuesday, July 22, 2014

Academics

 

COLLEGE OF SOUTHERN NEVADA

COURSE SYLLABUS

FINANCIAL ACCOUNTING

SPRING 2014

 

 

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:  anthony.fortner@csn.edu (work) or anthonyfortner75@gmail.com  

Office Hours:  Mon & Wed 11:00 AM to 12:00 PM; Tues & Thurs 9:30 AM to 11:00 PM

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 emphasis on the 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

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)

 

 

 

 

Evaluation:

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

 

 

Grading Standard:

 

            Grade             Total Points

               A                    720 - 800

               B                    640 - 719

               C                    560 - 639

               D                    480 - 559

               F                   Below 480

 

 

Homework:

The homework is Problem Set B for all chapters 1 through 14 in the textbook including Appendix D.  (Note:  There is no homework for chapter 14 and Appendix D because these chapters do not have a Problem Set B; however, the material from these chapters will be tested on Exam 4) Students are to work with their study team members to complete the homework.  Each team will have approximately five members and the homework problems are to be split-up amongst the team members.  The team members will decide how the homework is to be assigned.  Each member is responsible for completing their share of the homework.  After a student finishes their portion of the homework they are to submit the homework to the group coordinator and explain it to their team members. Students are to keep track of their homework in a three-ring binder and the instructor will give the student credit for the homework (up to 200 points) at the end of the semester.  (Note:  The working papers for the homework are optional.)

 

Video Assignments:

Throughout the semester the instructor give homework assignments to watch videos on www.khanacademy.org.  All videos assigned will relate to the course content or the accounting profession.

 

Solutions:

Students will receive the solutions to the end-of-chapter discussion questions and the solutions to Problem Set A.  These solutions are to be used by the students to complete the homework in Problem Set B. 

 

 

 

 

Study Teams:

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. 

 

Class Time:

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. 

 

Safety Procedures:

Approved safety procedures are posted in each classroom and are to be followed.

 

Tutorial Services:

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.

 

 

 

Academic Integrity:

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. 

 

 

ADA Statement:

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. 

 

 

 

Other Information:

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 send through Canvas.  All course materials will be distributed by e-mail.)

 

 

 

 

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

 

 

 

 

 

Counseling/Advising Changes

 

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 made an appointment, go to www.csn.edu/success, or contact the CSN Call Center at 702-651-5555.

 

 

Classroom Etiquette:

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 are allowed in the classroom for the Texas Instruments BA II plus app 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.

 

 

 

Retention Office:

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. 

 

 

 

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

Exam 1:  MW February 24; TR February 25

Chapter 1:  Accounting in Action

Chapter 2:  The Recording Process

Chapter 3:  Adjusting the Accounts

Chapter 4:  Completing the Accounting Cycle

Exam 2:  MW March 26; TR March 27

Chapter 5:  Accounting for Merchandising Operations

Chapter 6:  Inventories

Chapter 7:  Fraud, Internal Control, and Cash

Chapter 8:  Accounting for Receivables

Chapter 9:  Plant Assets, Natural Resources, and Intangible Assets

Exam 3:  MW April 21; TR April 22

Chapter 10:  Liabilities

Chapter 11:  Corporations:  Organization, Stock Transactions, Dividends, and Retained Earnings

Chapter 12:  Investments

 

Exam 4:  MW May 12; TR May 13

Chapter 13:  Statement of Cash Flows

Chapter 14:  Financial Statement Analysis

Appendix D:  Time Value of Money

 

 

E-mail Checklist

Ø  Syllabus

Ø  Practice Exams (total of 4: one for each exam)

Ø  Solutions to Problem Set A

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.  Each student is only permitted one make-up exam.  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.

 

 

 

 

 

Important Dates

January 3

Last day to apply for Instate Residency for Spring 2014
All supporting documents must be submitted with Instate Residency application.

January 20

Martin Luther King, Jr. Holiday

January 20

Last Day for a 100% Refund for first 4-week session (January 21 - February 14)
Last Day for a 100% Refund for first 8-week session (January 21 - March 14)

January 20

Last Day to register for Full-Term session classes.

January 21

First Day of Instruction for Full-Term session classes for the Spring 2014 Semester

January 23

Last Day for a 100% Refund for first weekend session (January 24 - March 16)
Last Day for a 75% Refund for first 4-week session (January 21 - February 14)
Last Day for a 75% Refund for first 8-week session (January 21 - February 14)

January 24

Last Day to change from Audit to Credit with Instructor’s approval for full-term classes that started on January 21.

January 26

Last Day for a 75% Refund for first Weekend session (January 24 - March 16)

January 27

Last Day for a 100% Refund for Full-Term session classes for the Spring 2014 Semester

January 31

Last Day to Officially Drop without a grade of “W” for full-term courses

February 3

Last Day for 50% Drop Fee for full-term classes that started on January 21. Any drops after this date will be with no refund.

February 4

*** Census Date ***
Last Financial Aid awards will be processed based on enrollment census date. If students add credit hour enrollment after this date their financial aid eligibility will remain the same and should be prepared to pay for additional charges out of pocket. Therefore, if students plan to take courses during the second session for the spring semester, they must register by February 4th in order to receive financial aid for the additional classes. Late class registration exceptions will not be eligible for financial aid.

February 17

President’s Day Holiday

February 17

Last Day for a 100% Refund for Second 4-Week session (February 18 - March 14)

February 20

Last Day for a 75% Refund for Second 4-Week session (February 18 - March 14)

March 7

Last Day to Apply for Spring 2014 Graduation

March 7

Last Day to submit via MyCSN Non-Disclosure Directory information

March 17 – March 23

Spring Recess (Monday thru Sunday)

March 23

Last Day for a 100% Refund for Third 4-Week session (March 24 - April 18)
Last Day for a 100% Refund for Second Weekend session (March 24 - May 18)

March 26

Last Day for a 75% Refund for Third 4-Week session (March 24 - April 18)
Last Day for a 75% Refund for Second Weekend session (March 24 - May 18)

March 27

Last Day for a 100% Refund for Second 8-Week session (March 28 - May 16)

March 30

Last Day for a 75% Refund for Second 8-Week session (March 28 - May 16)

April 4

Last Day to Officially Change from Credit to Audit for full-term classes that started on January 21 in person.

April 4

Last Date to Officially Drop the Spring 2014 full-term classes that started on January 21.

April 20

Last Day for a 100% Refund for Fourth 4-Week session (April 21 - May 16)

April 23

Last Day for a 75% Refund for Fourth 4-Week session (April 21 - May 16)

May 12 – May 18

Final Examination Period for the Spring 2014 Semester

May 18

Spring semester ends

May 19

Commencement

May 21

Spring semester grades due from instructors

Note: For classes outside the standard short-term schedule shall be 100% if withdrawal is completed prior to the first day of the class and 75% if withdrawal is completed one day after the first day of the class.

 

 

 

 

 

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  Depression

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.

West Charleston
Building D Room 104
651-5518
Lisa Schapiro LMFT, CAPS clinician

Cheyenne
Room 1088
651-4099
Jessica Stellberg-Filbert LMFT, CAPS clinician

Henderson
Building C Room 113A
651-5518
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.cpaexam.com   (complete set of 4 review books with notes, problems, and solutions) www.tutorialgroup.com  (complete set of Q & A flashcards)

Find applicant information at:  www.nvaccountancy.com

Study tips:

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.