ACCT 252 Financial Accounting Hamilton NMSU-- Main Spring 2011 1ACCT 252 – Financial Accounting College of Business Administration, New Mexico State University Spring 2011 Section M70 and M71 INSTRUCTOR: Tammie Hamilton., CPA Office Phone: Leave message at accounting department office 575-646-4901 E-Mail: [email protected] Blackboard Address: http://learn.nmsu.edu Availability: I will answer emails, discussion questions ONLY during the designated times. I do not have designated in-person office hours. If you would like to meet in person please contact me to set up an appointment. Since this is an online class, we will try to resolve issues/questions via email & Blackboard first. Tuesday 6-8 pm Wednesday 6-7pm Thursday 6-8pm REQUIRED MATERIALS: Financial Accounting: Tools for Business Decision Making, 5th Edition, Kimmel, Weygandt & Kieso (2009), John Wiley & Sons Inc. [ISBN #: 9780470239803]. You will require a registration code for Wiley Plus. You may purchase this from the publisher or it may come with your book. Please see “Book Options” document in BlackBoard. Wiley Plus Class URL: Section M70: http://edugen.wiley.com/edugen/class/cls206060/ Section M71: http://edugen.wiley.com/edugen/class/cls206061/ OTHER RESOURCES: With your registration code, you will have access to Wiley Plus. This resource provides PowerPoint presentations, practice quizzes, exercises and solutions, and a variety of other study material. COURSE OBJECTIVES: To introduce students to the basic concepts of financial accounting. Companies prepare financial statements primarily for investors, creditors and other interested external users. In this course, we emphasize the use of financial accounting information to prepare financial statements and to assess a company's financial strengths and weaknesses. At the end of the course you should be able to 1. List the purpose of the four required financial statements 2. Create a balance sheet, income statement and retained earnings statementACCT 252 Financial Accounting Hamilton NMSU-- Main Spring 2011 23. Define assets, liabilities, stockholders’ equity, revenues and expenses 4. State the accounting equation and illustrate how changes affect it 5. Explain the difference between cash and accrual bases of accounting 6. Prepare basic journal entries 7. Prepare adjusting entries 8. Compute and analyze basic ratios LEARNING METHODS: Upon registering for this course you will enrolled in the Blackboard course. You may access it via the Internet at http://learn.nmsu.edu. This site will only be used for Introduction material, email & discussions, and to provide links to Wiley Plus. All homework, quizzes, study material and tests will be available to you through Wiley Plus. The course will be paced so that the entire class will be studying the same material at the same time. As we finish a chapter, the material for the next chapter will become available. This will allow the class to participate in discussions on the same material. A reading assignment will serve as a study guide for each chapter. This is a FAST paced class. There is a lot of material to cover during the semester. It is vital that you treat this online course as you would a regular in-class course. Set aside time each week to study, complete homework assignments and take quizzes. To be successful, it is recommended that you set aside 12-15 hours/week (minimum) to study for this course. The instructor will only answer questions at the designated time on the syllabi. Therefore, it is important that you study and plan ahead so that you have sufficient time to ask for assistance if needed. The class moves at a fast pace and it is important that you do not get behind. Make up quizzes and assignments will NOT be given. GRADE COMPOSITION: Determination of the final course grade will be based on the cumulative points you earn from the following evaluations: Homework 130 Chapter Quizzes (12 @30 pts each) 360 Exams (2 @100 pts) 200 Comprehensive Final 200 Project 150 Total Points Available 1030 Grades are guaranteed according to the following scale: A: 90% and above B: 80% - 89% C: 70% - 79% D: 60% - 69% F: below 60% Graduate students must earn a grade of “B” or better to qualify as satisfactory performance under an S/U option. There will be NO extra credit projects available to individual students.ACCT 252 Financial Accounting Hamilton NMSU-- Main Spring 2011 3 Homework: Chapter homework assignments are given to help you merge the concepts learned with related applications. Knowledge gained by completing the homework will prepare you for the chapter. All homework to be turned in is detailed in “Assignments” in WileyPlus. It is due at 11:00pm of the due date. Chapter quizzes: There will be a quiz over each chapter. The quizzes will test concepts and tools. The quizzes will be found under “Assignments” in Wiley Plus. Each quiz will consist of 30 questions that may be multiple choice, short answer, or problem questions. The quiz will be available the entire week we are covering a chapter. You have 75 minutes to take the quiz and you can only take the quiz once, so you need to prepare ahead of time. There will be 2 quizzes for each chapter. If you choose to take it twice, your highest grade will be your final grade for that chapter quiz. Exams: There will be 3 exams. Two exams will cover specific chapters as outlined in the schedule. The third exam will be comprehensive and cover all material covered during the semester. Exams will consist of questions from the chapter quizzes plus some additional ‘new’ questions. There may also be some short answer, spreadsheets and/or essay questions. You may use your book, online materials, and notes while taking the exam. You may NOT use other class members, friends, etc. This would be considered academic dishonesty (see below). Keep in mind that the exam does have a time limit and cannot be retaken. The exams will be March 4, April 8 and the Final will be May 4. Times and locations will be announced. If you miss Exam 1 OR Exam 2, you may use your comprehensive final exam grade to replace the score. For example: You miss Exam 1 and score a 80% on the comprehensive final. Your Exam 1 grade will be counted as 80%. If you