Accounting 580 Professional Accountancy Fall 2011 Instructor: Larry Tunnell Office Hours: MW 9:30-11:30 Office: Business Complex 341 (or drop by or by appointment) Phone: 646-4404 Email: [email protected] TEXT: Gleim CPA Review, BEC and FARS. GRADE ALLOCATION: First Exam 100 Second Exam 100 Homework 100 In class 200 500 A = 90% or above B = 80% to 89% C = 70% to 79% D = 60% to 69% Course Objectives: As a result of the course, you should be able to: 1. Recognize general business environment topics applicable to the accounting profession, such as business entities, microeconomics, planning and budgeting. 2. Deal with financial accounting topics that you are likely to encounter in your first professional accounting job, such as employee benefits, leases, and business combinations. Credit for this course: This course can only count as your sixth or seventh graduate accounting course. In other words, you must take at least five other graduate accounting classes (500 level) in order for this course to count toward your Master of Accountancy degree. Missed exam: If you miss a regular exam for any reason, you will be allowed to take a comprehensive final at the end of the semester to substitute for the missed exam score. Homework: As homework/practice you are expected to do 100 random multiple choice questions per week over the material assigned for the coming week. Each Monday you will turn in a printout showing the 100 multiple choice questions you did, the percent you got correct, and the time you spent on them. Your homework grade will be an average of your percent correct on the multiple choice questions you attempted. In Class: Each Monday you will be given a multiple-choice exam from the material assigned for the coming week. Your “in class” grade will be your average percent correct on these exams, multiplied by two. Exams: Three regular exams will be given in class, on the assigned days. Withdrawals: The grade of "W" will be available to all students until October 11. Thus, you will have one major exam upon which to base a drop decision. Policy on calculators: You may use a simple 10-key calculator during the examinations in this course. There is to be no joint use of calculators. Calculators cannot have a programmable, text-display capability. Attendance policy: You are allowed three absences without it affecting your grade. Each absence after that will lower your overall grade one letter grade. Disabilities: If you have a disability that requires me to make any special arrangements, please let me know at the beginning of the semester. CPA Exam and 150-hour requirement: New Mexico law requires applicants for the CPA Examination to have at least 150 semester hours of education. Texas and most other states also have the 150-hour rule, but the nature of these 150 hours can vary significantly from state to state. For example, in New Mexico, only 30 total hours of accounting are required to sit for the CPA exam, and 3 of these hours can be in business law. In Texas, 30 UPPER DIVISION accounting hours, plus an approved accounting ethics class, are required to sit for the exam. Including sophomore-level accounting courses, this totals 39 hours of Accounting. (NMSU provides a Texas-approved accounting ethics class.)To find the requirements for a particular state, see the following AICPA website, which links to the various state boards of accountancy: http://www.aicpa.org/yellow/ypsboa.htm Office Hours: My posted hours are the hours stay in or around my office, rather than attend meetings, go to the library, etc. However, I am usually in the office every day and you are welcome to drop by if I am in. Call ahead if you want to be sure that I am in, or will be in. Important Dates: AUG 18 (TH) - Classes start AUG 29 (M) - Deadline for registration/course addition SEPT 5 (M) – Labor Day Holiday OCT 11 (T) - Last day to drop with a "W" NOV 11 (F) - Last day to withdraw from the University NOV 21-25 (M-F) – Thanksgiving Holiday DEC 5-9 (M-F) - Exam Week Schedule Month Date Homework Quiz Game Aug. 22 Orientation 24 Gleim BEC Sections 1,2 26 Deadline for filing degree application 29 3,4 31 5,6 3-6 Sept 5 Labor Day Holiday 7 7,8 7,8, 50 ques. 7,8 7,8 12 9,10 9,10, 50 q 9,10 9,10 14 Review 1-10, 100 q. 1-10 19 11-14 11-14, 100 q. 11-14 21 11-14 26 15-18 15-18, 100 q. 15-18 28 15-18 Oct 3 19,20 19,20, 50 q. 19,20 5 Review 11-20, 100 q. 11-20 10 Exam I (BEC) 11 Last day to drop with a “W” 12 Review Exam I 17 Gleim FARS Sections 1-4 1-4, 100 q. 1-4 19 1-4 24 5-8 5-8, 100 q. 5-8 26 5-8 31 9,10 9,10, 50 q. 9,10 Nov 2 Review 1-10, 100 q. 1-10 7 11-14 11-14, 100 q. 11-14 9 11-14 14 15-18 15-18, 100 q. 15-18 16 15-18 21-25 Thanksgiving 28 19,20 19,20 50 q. 19,20 30 Review 11-20, 100 q. 11-20 5-9 Exam II