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Date Created: 02/11/15
A100 Basic Accounting Skills Syllabus Spring I 2015 Heads up In order to assure authenticity and con dentiality you must use your IU account for all email communications Course and Instructor Information Instructor Class numbers timesl daysl and locations Vivian Winston Professor Class Meeting Times Location Office MN001H V Winston 16551 125 215 pm MW McNutt 208b Email VWinstonindianaedu V Winston 16552 230 320 pm MW McNutt 208b V Winston 16553 335 425 pm MW McNutt 208b Office Hours McNutt 001 H V Winston 16554 905 955 am TR Hodge Hall 109 Monday 830 am 1030 am V Winston 16555 10 10 1100 am TR Hodge Hall 109 Friday 230 430 pm V Winston 16556 1100 1205 pm TR Hodge Hall 109 All Graduate Assistant office hours amp review sessions and any changes in office hours will be posted on Oncourse on the A100 home page No office hours are held during the first week of class Course Materials I strongly recommend that you purchase the calculator Sharp EL 233SB This is available in the IU and T18 Bookstores This is the only calculator you are allowed to use during the exams There is a screen capture of the calculator in the package on the following page There is no text book for you to purchase for this course All of the readings will be available to you on the A100 Oncourse site httponcourseiuedu during the academic term under the Resources tab All other information needed for the course such as homework problems and old exams will be posted on the Oncourse site under the Calendar tab Check Oncourse often How to do well in A100 It is important to do the readings and work the problems to do well in A100 The class moves quickly so make sure you allocate sufficient time to it It is a one credit hour course but since it only meets one half of the semester while you are in A100 expect twice the amount of work as you would for a one hour course that is a full semester long Do the readings before coming to class If you are aware of what we will be covering in class the lecture will make more sense to you Work extra problems until you are con dent you understand the material You understand accounting by working problems which require you to use accounting concepts It is not good enough to watch me go through problems You need to think through the thought process on your own many times before you take the exam A100 exams require an understanding of the material that is more than just memorization That understanding comes from working the problems Examinations and Grading We will have two examinations in A100 both of which are weighted at 45 of your course grade Questions on the exam will come from these three sources The A100 readings posted on Oncourse Resources other study materials posted on Oncourse Calendar and the class lectures and exercises It is important to come to class A100 moves quickly and every day we cover material that will be on the exam Because I want to encourage you to come to class I am designating 10 of your course grade for good attendance You must attend the class in which you are enrolled to receive attendance points Attending the wrong class arriving late for class or failing to sign in will count as an absence for that day You are allowed three absences during the 8 week term These are intended to accommodate illnesses family emergencies and travel for religious holidays and do not require documentation Travel for IU s NCAA athletes with documentation will not be treated as an absence Since this class is only for one half the semester this is a generous attendance policy Be aware that after three absences I am not at all generous More than three absences will have a significant negative impact on your course grade For example if a fourth class is missed your attendance grade in the course would be 60 of the 10 points allotted or 6 points If a fifth class is missed your grade is 50 etc You must sign in to receive credit for attendance and the attendance sheets will onlv be available during the first 10 minutes of each class If you arrive after the first 10 minutes of the class you are welcome to come in but you will not be given credit for attendance for that day Do not ask to be an exception I will hold the whole class to this standard and because I cannot fairly allow some exceptions I allow no exceptions at all Attendance points may also be lost if you talk with other students during class or if you are otherwise disruptive or non professional during class In addition there are a total of three extra credit points available These are percentage points so the maximum percentage grade for the course is actually 103 Two of these points are for the correct completion of the extra credit problem This problem will be available during the third week of class and will be due the next week on the class day before the midterm exam It will be announced in class and will be posted on the Oncourse Calendar This problem must be turned in at the beginning of class on the date it is due Also you will receive one extra credit point for thoroughly reading this syllabus and submitting on time the last page of this syllabus with your signature indicating that you have read it In summary your grade in A100 will consist of your grade on the midterm exam final exam attendance syllabus and extra credit No additional projects or assignments will be considered Grades as assigned will be firm and are assigned according to the standard University scale Over 100 A 93 100 A 90 92 A 87 89 B 83 86 B 80 82 B etc Course Description A100 is a one credit hour course that is required for all students admitted or applying to be admitted to the Kelley School of Business A minimum grade of C is required in A100 as a prerequisite to I Core and A100 is a prerequisite for A201 and A202 for all students This course introduces students to the accounting and financial information environment of a business and provides the foundation necessary for higher level accounting and business courses It is an introduction to both the language of business and to the underlying concepts of accounting In A100 students become familiar with the variety of accounting information available and learn how it is interpreted and used by decision makers Rather than teaching the fundamentals of bookkeeping the course provides students with a broad overview of accounting and the accounting profession An overview of financial accounting managerial accounting auditing and taxation are covered and related to current topics in the business press Those who successfully complete the course will be better prepared to pursue their academic and professional careers no matter what specific career path they choose This course covers some moderately difficult topics It will demand your consistent focus during the term Even though it is a one credit hour course while you are in it it will feel like a 2 credit hour course because it is covered in half a semester Be aware of this ahead of time because it is difficult to catch up if you fall behind If you keep up with the readings and the work posted on Oncourse work the suggested problems and follow up on anything you don t understand and participate actively in the Classroom and with your peers you will do well and enjoy your learning On the following pages are the class schedule the Kelley Honor Code the Kelley Undergraduate Learning Goals and the last page is for you to print sign and turn in during the first two weeks of class after you have completed reading the syllabus Doing this will give you one extra percentage point on your final grade The Kelley Undergraduate Learning Goals follow the class schedule in this syllabus The Learning Outcomes for each day are related to the Learning Goals in the last column of the class schedule See the class schedule starting on the next page The Learning Goals of A1 00 are for the student to be able to Read and prepare the four basic financial statements Name the impact of common business transactions on the financial statements Compute increasesdecreases in accounts by analyzing how they are impacted by transactions Use ratios to analyze financial statements Name the goals amp purposes of the external auditor and how this has changed State the ethics of auditing and these standards have changed Name basic forms of businesses and their similarities and differences State the impact of the tax law on each type of business Describe the production process of a manufacturing firm Describe the accounting used by a manufacturing firm Compute approximate net income if a manufacturing firm s inputs or revenues change Class Schedule Complete assignments for each date before class Date Mt Materials Covered in Class1 Reading Assignment 2 Homework Assignment Learning g 2 Outcomes Mon amp Tues 1 Introductions Syllabus Preface on Log on to Oncourse Jan 12 amp 13 Oncourse Calendar READ YOUR SYLLABUS Wed amp Thurs 2 Financial Accounting Readings Financial Readings chapters Learning Jan 14 amp 15 Chapters 1 and 2 1 and 2 pages 1 21 Goal 1 Oncourse Resources Mon Jan 19 No ClassMartin Luther King Day Tues amp Wed 3 Financial Accounting Readings Financial Readings chapters Problem posted on the Learning Jan 20 amp 21 Chapters 3 and 4 3 and 4 pages 22 40 Oncourse Calendar Goal 1 Oncourse Resources Thurs amp Mon 4 Financial Accounting Readings Financial Readings chapter Problems posted on the Learning Jan 22 amp 26 Chapters 5 6 and 7 5 6 and 7 pages 41 58 Oncourse Calendar Goals 1 amp 5 Oncourse Resources Tues amp Wed 5 Financial Accounting Readings Financial Readings chapter Problems posted on the Learning Jan 27 amp 28 Chapter 8 8 pages 59 65 Oncourse Oncourse Calendar Goals 1 amp 5 Resources Thurs amp Mon 6 Financial Accounting Review Review old A100 midterm Learning Jan 29 amp Feb exams posted on Goals 1 amp 5 2 Oncourse Calendar Tues amp Wed 7 Financial Accounting Review Review old A100 midterm Learning Feb 3 amp 4 exams posted on Goals 1 amp 5 Oncourse Calendar Thurs 8 Midterm exam All material covered in class See the Readings and Feb 5 830 830 pm 1030 pm in the Readings Packet amp on Oncourse Calendar 1030 pm at Location to be announced in Oncourse night class Mon amp Tues 9 Auditing Auditing Readings pages 66 Auditing Problems at the Learning Feb 9 amp 10 74 plus practice QampA end of the readings Goals 1 amp 2 Oncourse Resources pages 81 84 Oncourse Resources Wed amp Thurs 10 Auditing and Tax Oncourse Resources Tax Oncourse Resources at Learning Feb 11 amp 12 pages 81 86 plus practice the end of the readings Goals 1 amp 2 QampA Taxation problems pages 98 99 Sun Feb 15 Last Day to Withdraw from A100 Mon amp Tues 11 Tax Oncourse Resources Tax Oncourse Resources at Learning Feb 16 amp 17 pages 81 86 plus practice the end of the readings Goals 1 QampA Taxation problems pages 98 99 Wed amp Thurs 12 Managerial Accounting 1 Managerial readings pages Managerial problems on Learning Feb 18 amp 19 95 105 plus practice QampA pages 106 109 on Goals 1 amp 5 Oncourse Resources Oncourse Resources Mon amp Tues 13 Managerial Accounting 2 Managerial readings pages Problems on pages 106 Learning Feb 23 amp 24 95105 plus practice QampA 109 on Oncourse Goals 1 amp 5 Oncourse Resources Resources and old A100 final exams posted on Oncourse Calendar Wed amp Thurs 14 Review for final exam Review old A100 final Learning Feb 25 amp 26 exams posted on Goals 1amp 5 Oncourse Calendar Sunday 15 Final Exam Locations to be All material covered in See the Readings on March 1 from announced in class Exam is Class in the Readings Oncourse Resources and 6 to 8 pm cumulative And on Oncourse the problems on the Calendar 1Your instructor may make changes to material to be covered as the term progresses Check Oncourse and your emails frequently 2 Page numbers refer to pages in the material posted on the Oncourse Resources You should also check the Oncourse Calendar and your emails regularly for other materials assignments and announcements These appear frequently throughout the course and are very important You should read the assigned materials before you come to class 3 The default action on a missed exam is that it will be assigned a numeric score of zero In extreme situations eg serious illness death in the immediate family a makeup exam may be scheduled but only with reasonable prior email notification to and approval from the instructor followed by presentation of documentation eg a signed note from a doctor clearly stating that you were too ill to take an exam including enough information for verification after the fact typically the doctor s phone number The last day to withdraw from A100 is Sunday February 15 This deadline comes from the Registrar s Office and they are very serious about it If after the midterm exam you are considering withdrawing from A100 but are unsure as to whether or not this is in your best interest I want you to know that this is an important decision and both and your advisors would like to talk with you about it This will be discussed in more detail in class after the midterm exam If you decide that it is in your best interest to withdraw you can do that on OneStart Eightweek courses can make use of the University s EX Policy similar to regular full semester courses If you are interested see your advisor or the Registrar for more information Kelley School of Business Undergraduate Program Learning Objectives The last column of the class schedule shown above titled Learning Outcomes relates the topics covered in the course to the Learning Objectives listed on the last page of this syllabus Video cameras may be used to monitor the room during student assessment activities including but not limited to exams tests and quizzes Video recordings may be used to investigate or support disciplinary action All access to and use of video equipment and recordings will follow applicable IU policies Note to students planning to take the CPA exam after graduation Indiana University students who wish to become licensed CPA s will need to take the Uniform CPA Examination after graduation Although the CPA exam is a uniform nationally administered exam the educational requirements needed to sit for the exam vary from state to state Most states including Indiana require 150 hours of college credit to sit for the exam In addition each state requires a certain number of accounting and other business credits Indiana University s undergraduate accounting degree requirements satisfies the accounting and other business credit requirements mandated by the Indiana Professional Licensing Agency Since these requirements are subject to change students are encouraged to research these requirements along with the requirements mandated by other states Several states require additional accounting hours and some states require specific courses that are not included in IUB s required curriculum It is each student s responsibility to research these exam requirements Further information is available at wwwnasbaorg wwwcDa examcrg and by telephone at 1 800 cpa exam The Kelley School of Business has an honor code reproduced below that applies to all students enrolled in Kelley School of Business courses Any violation of this honor code is considered academic dishonesty The Kelley School of Business Honor Code Scope The Honor Code applies to any course offered by the Kelley School of Business All students participating in Kelley classes are expected to uphold the Code regardless of their academic pursuits or major Students who have been admitted to the Kelley School of Business are expected to continue their commitment to ethical behavior in all of their endeavors including course work outside of the Kelley School of Business internships coop programs community service and overseas study Violations Academic integrity requires that students take credit only for ideas and efforts that are their own According to the Indiana University Code of Student Rights Responsibilities and Conduct the following behaviors re ect academic integrity quot A student must not adopt or reproduce ideas words or statements of another person without an appropriate acknowledgement quot A student must not use or attempt to use unauthorized assistance materials information or study aids in any academic exercise quot A student must not use external assistance on any inclass or takehome examination unless the instructor specifically has authorized such assistance quot A student must not use another person as a substitute in the taking of an examination or quiz A student must not steal examinations or other course materials quot A student must not allow others to conduct research or to prepare any work for him or her quot A student must not take any credit for a team project unless the student has made fair and substantial contribution to the group effort quot A student must not violate course rules as contained in the course syllabus or other information provided to the student quot A student must not intentionally or knowingly help or attempt to help another student to commit an act of academic misconduct Reporting Violations of the Honor Code should be reported by those who have observed the violation or who have knowledge of the violation Students should not only honor the code themselves but they should also accept responsibility for reporting the suspected violations of others Violations of the honor code should be reported directly to the faculty member or instructor of the course in which the violation has occurred The process by which academic dishonesty is handled is eXplained below Court Student responsibility and representation are vital components of the honor code Thus undergraduate participation in the appeal process occurs when the accused appeals the decisionpenalty of the instructor As part of the appeals process the Kelley School of Business has established an Academic Fairness Committee The Academic Fairness Committee consisting of students and faculty members is chaired by a faculty member Student Disciplinary Procedures If an instructor believes a student has committed an act of academic misconduct the instructor is required to hold an informal conference with the student advising the student of the information on which the allegation is based and giving the student an opportunity to respond If the instructor concludes that the student committed the act the instructor may impose an appropriate sanction The instructor is required to report the matter within seven calendar days in writing to the dean of students who will send the report to the student and the student s dean If the dean of students considers that no additional sanctions are warranted the dean notifies the student within 14 days of that decision The student has the right to appeal the faculty member s decision Within seven days of receiving the written notification from the dean of students concerning the decision the student may initiate an appeal by submitting a written notice to the associate dean academics in the Kelley School of Business The associate dean will generally refer the matter to the appropriate department chair If the appeal is not resolved by the department chair within seven days of the chair s decision the student may further appeal the decision to the Academic Fairness Committee in the school by notifying the chair of that committee of his ier request for appeal The Academic Fairness Committee of the Kelley School of Business will hear the matter Within 14 days after the hearing the chair prepares a written decision and submits it to the associate dean academics dean of students the student and the faculty member The committee has the authority to sustain or reverse any prior decision and its decision is final at the school level The student has the right to appeal the decision of the Academic Fairness Committee to the dean of faculties within seven days of the decision Undergraduate Pro gram Learning Goals Learning Goal 1 An Integrative Point of View Graduates of the Kelley School of Business Undergraduate Program will be able to evaluate and make business decisions from an integrative point of view one that re ects an understanding of mutually interdependent relationships among competitive and environmental conditions organizational resources and the major functional areas of a business enterprise Learning Goal 2 Ethical Reasoning Graduates of the Kelley School of Business Undergraduate Program will be able to recognize ethical issues demonstrate familiarity with alternative frameworks for ethical reasoning and discern tradeoffs and implications of employing different ethical frames of reference when making business decisions Learning Goals 3 Critical Thinking amp Decision Making Graduates of the Kelley School of Business Undergraduate Program will be able to use a variety of research methodologies to identify and critically evaluate implications of business decisions for organizational stakeholders e g customers colleagues employees stockholders suppliers foreign governments communities cultures regulatory agencies and the natural environment Learning Goal 4 Communication Graduates of the Kelley School of Business Undergraduate Program will be able to communicate effectively in a wide variety of business settings e g live virtual synchronous and asynchronous employing multiple mediums of communications e g written oral and visual Learning Goal 5 Quantitative Analysis and Modeling Graduates of the Kelley School of Business Undergraduate Program will be able systematically apply tools of quantitative analysis and modeling to make recommendations and business decisions Learning Goal 6 Team Membership amp Leadership Graduates of the Kelley School of Business Undergraduate Program will be able to collaborate productively with others functioning effectively as both members and leaders of teams Learning Goal 7 Respect Inclusiveness amp Valuing People Graduates of the Kelley School of Business Undergraduate Program will be able to create and sustain personal and work environments that are respectful and inclusive valuing the contributions of all persons Learning Goal 8 Personal and Professional Development Graduates of the Kelley School of Business Undergraduate Program will be prepared to become the authors of their own futures make informed and deliberate choices about personal and professional development assume responsibility for their decisions take pride in excellence contribute to community and demonstrate collegelevel mastery of the skills needed for pursuing and managing a career as a business professional Learning Goal 9 Global Awareness Graduates of the Kelley School of Business Undergraduate Program will be conversant with major economic social political and technological trends and conditions in uencing foreign investment and development of the global economy and demonstrate an understanding of the cultural interpersonal and analytical competencies required for engaging in global business activities Learning Goal 10 Innovation and Creativity Graduates of the Kelley School of Business Undergraduate Program will know how to respond to the need for innovation of creativity by engaging in ongoing learning broadening their points of View exploring crosscontextual links and consulting with others PLEASE PRINT THE NEXT PAGE AND IF YOU HAVE READ AND UNDERSTOOD THIS SYLLABUS YOU MAY SIGN AND DATE THIS FORM AND SUBMIT THIS PAGE WITHIN THE FIRST TWO WEEKS OF CLASS TO RECEIVE ONE EXTRA CREDIT POINT THIS POINT IS NOT AVAILABLE AFTER YOUR SCHEDULED CLASS TIME ON WEDNESDAY or THURSDAY Jan 21 or 22 I HAVE READ AND UNDERSTOOD THE MATERIAL IN THIS A100 SYLLABUS Name please print clearly Last first IU User Name Class Start Time Signature Date
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