FINANCIAL ACCOUNTING by Um9k2f4W

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									                                      FINANCIAL ACCOUNTING
                                             Business 20
                                          Mondays 1800-2045
                                             Spring 2000


Instructor:       Gary Woerz
Office            Hours
Telephone
e-mail            gwoerz@virtualfounders.com

Required Materials:        Harrison and Horngren, Financial Accounting. Prentice-Hall. Third Edition,
                           1997. (Required)

THIS COURSE IS FOR BUSINESS MAJORS ONLY. YOU SHOULD BE AT LEAST A
SOPHOMORE AND HAVE SUCESSFULLY COMPLETED MATH 70.


COURSE OBJECTIVES: This first introductory course in financial accounting is tailored to the
understanding and application of concepts and techniques related to accounting measurement and reporting
for external use. This course will introduce the concepts and terminology of accounting and financial
reporting for modern business enterprises. The course will help you learn to analyze and interpret
accounting information for use in making decisions about organizations. By the end of the semester, you
should be able to analyze the accounting reports of most businesses to assess how well they are performing
and to identify major strengths and weaknesses revealed by the reports. To accomplish this objective, you
will learn basic accounting concepts and the relationship between accounting information and business
activities.

While some memorization of facts, terms and concepts is necessary in this course, learning facts is not
sufficient to meet the course objectives. Learning to use the information means that you should learn to
identify problem requirements, to identify necessary and relevant information for solving problems, to adapt
knowledge of facts and concepts to new situations, and to develop logical and understandable solutions.

The approach in teaching the course will be both theoretical and practical. Accordingly, it will consist of
lectures per chapter and problem solving. Students are expected to read the assigned material and do the
homework problems in advance for purposes of class discussion. An attempt will be made to cover all
homework problems in the classroom on the dates assigned. These problems will be collected on a per
chapter basis upon completion of the class discussion. It is imperative that the homework be completed and
submitted when due. Late homework will not be accepted without a serious and compelling reason.
COMPLETE homework submitted on a timely basis will be worth 50 points. No partial credit will be given
on incomplete homework. These assignments are critical to the learning process. You should anticipate
spending a minimum of eight hours outside of class each week in preparation. IF YOU ARE NOT
PREPARED TO MAKE SUCH A COMMITMENT, THEN RECONSIDER TAKING BUSINESS 20 AT THIS
TIME.

EXAMINATIONS: There will be three midterm exams and a semi-comprehensive final exam. The lowest
scored of the three mid terms will be disregarded. Thus, the grading will be based on the two exams, semi
comprehensive final and the homework for a total of 400 points. Each exam will be adjusted to conform to
the department norm. No makeup exams will be given unless the student notifies the instructor BEFORE
the exam time that the scheduled exam will be missed.


GRADING: 2 Midterms (100 points each)                200 points
         Semi comprehensive final                    150 points
          Homework                            50 points
         Total Possible                               400 points

Course Grades will be assigned on a cumulative point basis as follows:

A (90% - 100%)             360-400 points
B (80% - 89%)              320-359 points
C (70% - 79%)              280-319 points
D (60% - 69%)              240-279 points
F (0% - 59%)               0-239 points

 HONOR CODE: Honesty, reliability, and integrity are critical employee attributes. The business
community depends upon information that is trustworthy. In this course, you are expected to be honest in
all that you do. Your work must be your own. No unauthorized communication is permitted during quizzes
or exams. Violations of the honor code have serious consequences. (Please read SJSU’s statement on
academic dishonesty and its consequences.)

NOTE: The last day to drop this course without receiving a grade is January 30, 1998. After that date, you
will need a DOCUMENTED, SERIOUS AND COMPELLING reason for dropping, and you MUST
have a passing grade at the time of your request to drop. (Be sure to read the College of Business policy on
drops.)




DATE                       TOPIC                                                 ASSIGNMENT
2000
2/7    Introduction & Ch 1 -Summarizing Business Activity and
       Using the Financial Statement                             Problems 1-5A, 1-6A

2/14   Ch 2 - Processing Accounting Information                  Problems 2-4A, 6A, 2-7A,

2/21   Ch 3 - Accrual Accounting & Financial Statements          Problems 3-6A, 7A, 1B

2/28   EXAM Chapters 1 through 3

3/6    Ch 4 - Internal Control and Managing Cash                 Problems 4-2A, 3A, 4-4A

3/13   Ch 5 - Short-Term Investments & Receivables               Problems 5-2A, 4A, 5-5A,

3/20   Ch 6 - Inventories                                        Problems 6-3A, 4A, 6-6A,
                                                                 8A

3/27   Spring Break

4/3    Ch 7 - Plant Assets and Intangibles                       Problems 7-1, 2A, 7-4A
                                                                 6A

4/10   EXAM - Chapters 4 through 7

4/17   Ch 8 - Current and Long Term Liabilities                  Problems 8-2A, 7A, 7-4A,
                                                                 6A

4/24   Ch 9 - Stockholders’ Equity                               Problems 9-2A, 5A,9-7A

5/1    Ch 10 - Long Term Investments and Int’l Accounting Problems 10-2A, 6A,
                                                                  10-1B, 2B
5/8    EXAM - Chapters 8 through 10

5/15   Ch 11 - The Income Statement                              Problems 11-3A, 11-4A
       Ch 12 - The Statement of Cash Flows                       Problems 12-3A, E12-11
       Review

5/22   Final Exam

								
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