ACCOUNTING 229FINANCIAL ACCOUNTINGSpring 2012OBJECTIVES OF COURSEBUILDINGSTUDENTS WITH DISABILITIESGRADE APPEALS/CHANGESThe Course: Changes to this syllabus may occur during the semester. An important reason to come to class…Textbook: Financial Accounting: The Impact on Decision Makers, 7th Edition. Porter/NortonACCOUNTING 229 - GRADINGQuizzes 70 ptsPractice Problem 30 pts.Examinations 300 pts.Final Examination 100 pts.Total Points Available 500 pts.COURSE GRADE:PRACTICE PROBLEM:EXAMS:HELPFUL HINTSASSIGNMENT SCHEDULE:The following homework assignments should provide a reference for mastering the Learning Objectives expectedfor this course. The textbook is designed to help you achieve these objectives. Use it!ACCOUNTING 229FINANCIAL ACCOUNTINGSpring 2012Jeannie Barrett Phone: 979-845-7585460W Wehner e-mail: [email protected] Page: http://acct.tamu.edu/barrettOffice Hours:Tuesday, Wednesday and Thursday 1:45-3:45 Or by appointment. Classroom Schedule Section Class Time Room # Finals Schedule501 TR 8:00 -9:15 WCBA 161 Tues., May 8, 1:00 p.m. – 3:00 p.m.502 TR 9:35- 10:50 WCBA 109 Fri., May 4, 7:30 a.m. – 9:30 a.m.503 TR 11:10-12:25 WCBA 109 Mon., May 7, 8:00 a.m. – 10:00 a.m.504 TR 3:55-5:10 WCBA 161 Tues., May 8, 8:00 a.m. – 10:00 a.m.OBJECTIVES OF COURSEThe primary objective of this course is to help students learn how accounting meets the information needs of various users by developing and communicating information that is useful for decision-making. This objective will be achieved by requiring the following outcomes and core competencies:[1] Accounting’s Role in Society: How does accounting meet the information needs of investors and creditors? How does accounting meet the information needs of regulatory agencies and taxing authorities?[2] Fundamental Business Concepts: How do businesses operate and how does accounting serve them?[3] Fundamental Accounting Concepts Underlying Financial Statements: What are the elements of, the relationships among, and the accounting concepts underlying the primary financial statements?[4] Uses and limitations of Financial Statements: What are the uses and limitations of financial statements and related information in making both business and personal financial decisions?[5] Accounting Information Systems: How is the usefulness of Information produced by an accounting system directly related to that system’s design? How are business transactions input, processed by an accounting information system, and output by that same system to produce financial statements?The above statement, taken from “The California Core Competency Model for the First Course in Accounting” provides an overall framework for what we hope to accomplish in this, your first course in Accounting.1IMPORTANT UNIVERSITY DATES January 17 Tuesday First day of Spring Semester classes January 23 Monday Last day to add courses/drop courses with no record.March 5 Monday Mid-semester grades due. March 12-16 Monday – Friday Spring Break April 2 Monday Last day to drop courses with no penalty (Q-drop). Last day to officially withdraw from classes. April 6 Friday Reading day, no classes. May 1 Tuesday Redefined day; students attend Friday classes. Last day of Spring Semester classes May 2 Wednesday Reading day, no classes. May 3 Thursday Reading day, no classes. May 4, 7-9 Friday, Monday-Wednesday Spring Semester final examinations for all students.BUILDINGWe have beautiful and state-of-the-art classrooms in the Wehner Building. We wish to maintain the high quality conditions of these classrooms for the students of future years. Thus, it is necessary for you to adhere to the established policy of NO BEVERAGES, FOOD, TOBACCO PRODUCTS, OR ANIMALS (unless approved) within the Wehner Building classroom.STUDENTS WITH DISABILITIESThe Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Department of Student Life, Services for Students with Disabilities in Cain Hall, Room B118, or call 845-1637. ETHICS and SCHOLASTIC DISHONESTY The accounting profession has a long-established reputation for its high level of ethical conduct, but that reputation has eroded considerably recently with the corporate and accounting scandals that have been so much in the news. Ethics in accounting is probably at the lowest level it has been in the past 50 years and this must be corrected. This begins in the academic arena where the profession's future leaders are being prepared. Accounting students are expected to conduct themselves in a manner that is above reproach in their own course-related actions.The Faculty Senate recently passed the new Aggie Honor Council procedures and rules, effective September 1, 2004.The following statement is required on all syllabi:Aggie Honor Code Syllabus StatementAggie Honor Code“An Aggie does not lie, cheat, or steal or tolerate those who do.”Upon accepting admission to Texas A&M University, a student immediately assumes a commitment to uphold the Honor Code, to accept responsibility for learning and to follow the philosophy and rules of the Honor System. Students will be required to state their commitment on examinations, research papers, and other academic work. Ignorance of the rules does not exclude any member of the Texas A&M University community from the requirements or the processes of the Honor system. For additional