Acct 3305 Syllabus Fall 2007

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					                                                      ACCT 3305
                                                       Fall 2007

                        (Prerequisite: ACCT 3304 with an appropriate grade & 2.75 GPA)


Professor:          Dwayne Dowell                                          Office:       BA 508
Office Hours:       MWF 2:00 p.m. to 3:00 p.m. and by appointment          Office Phone: 806-742-2090
E-mail:             Dwayne.Dowell@ttu.edu


                                               COURSE OBJECTIVES

Accounting is the process of capturing information about the activities and financial position of an entity
and communicating that information to interested parties. The interested parties may be inside or outside
the accounting entity; the activities include income and cash flow generating activities; and, the financial
position elements include assets, liabilities, and elements of owners’ equity.

This course focuses on capturing information and communicating it to parties outside the accounting
entity. The activities and financial position elements emphasized in this course relate to (1) transactions
with owners of the accounting entity (2) investments other than derivatives, 1 (3) revenues, (4) income tax
allocation, (5) pensions, (6) leases, (7) accounting changes, and (8) cash flows.

The objectives of this course are summarized in the following statement: To help you learn generally
accepted accounting principles (US GAAP) for each of the activities and elements mentioned above and
to properly apply US GAAP to those activities and elements.


                                       EXPECTED LEARNING-OUTCOMES

To successfully complete this course, you are expected to learn US GAAP for each of the activities and
elements mentioned above and to demonstrate proper application of those principles by solving a variety of
accounting problems to which those principles clearly relate. You may, from time-to-time, also be expected
to choose from among competing US GAAP and then to properly apply and defend the choice.


                 ASSESSING THE ATTAINMENT OF EXPECTED LEARNING-OUTCOMES

A student’s attainment of the EXPECTED LEARNING-OUTCOMES in this course will be assessed via a
set of traditional exams. Please see the next section of the syllabus entitled COURSE POLICIES for a
description of how the results of applying this assessment method will influence the course grade.




1
    Investments in derivatives are discussed in another course.
                                                 COURSE POLICIES2


1.         Class Format: I conduct class as a lecture/discussion. I invite you to ask informed questions and
           otherwise participate in the discussion.

2.         Attendance: I expect you to attend every class meeting. Attendance will affect your course
           grade in much the same way an exam score affects your course grade. Starting with class
           meeting number 3, you will earn 2 points (not to exceed 50 in total) each time you attend class for
           an entire class period (excluding exam days). You will not earn the 2 points if you arrive late or
           leave early and you will not be allowed to makeup an absence, late arrival, or early departure
           regardless of your reason for its occurrence. Notice, however, this policy is structured to permit 8
           offenses (absences, late arrivals, or early departures) without penalty; that should be enough to
           take care of any family or personal emergency and/or official TTU business for which you might
           need to miss class, etc.

3.         Assignments: I expect you to complete assigned readings and problems before we discuss them
           in class; see the section of this syllabus entitled COURSE CONTENT for a list of readings and
           problems. Solutions to some problems are available at http://courses.ttu.edu/acct3305-ddowell.

4.         Exam & Quiz Environment: I expect you to exhibit academic integrity (see policy 12).

           You must take exams without information-aids, i.e. without books, notes, etc.

           Cell phones must be turned off and stowed away in your book bag, purse, etc. during exam
           periods. A visible or audible cell phone during an exam period constitutes grounds for a zero
           grade on the exam.

           Calculators that store words are not allowed. Use of an unauthorized calculator during an
           exam period constitutes grounds for a zero grade on the exam.

           At the end of an exam period, I will instruct you to stop working. If you continue to work after I
           instruct you to stop, I will award a grade of zero to you on that exam.

5.         Exam Profile: Exam questions may consist of multiple-choice and other objective-type
           questions, essay questions, and/or problems.

           The final exam is not a comprehensive exam.

6.         Make-up Exams: To be eligible for a make-up exam, you must present credible, written, third-
           party evidence that convinces me you missed a regularly scheduled exam for reasons beyond
           your control (defined as a family or personal emergency or official TTU business). You have
           two days, starting on the day you return to class, to present your evidence; if you fail to present
           your evidence within that time, you will not be eligible for a make-up exam. If you are judged
           ineligible for a make-up exam, you will receive a grade of zero for the missed exam. I will be
           the one to decide your eligibility for a make-up exam and my decision will be final.


2
    En rollment in this course constitutes your agreement to abide by these policies.

ACCT 3305; Fall 2007; Dowell                                                                    Page 2
7.      Exam Retention: I usually return exams for your inspection during the first class meeting after
        you complete the exam. Cell phones must be turned off and stowed away in your book bag,
        purse, etc. during that class meeting. Further, you are not allowed to take notes during that
        class period. A visible or audible cell phone or an attempt to take notes during that class period
        constitutes grounds for a zero grade on the exam. Following your inspection of the exam, I will
        collect all exams and store them until the beginning of the second week of the next academic
        session; at that time, I will destroy the exams, except that I will not destroy an exam that is under
        protest. It is your responsibility to protest exams and/or grading that you consider unfair before
        the destruction date.

        You will not be able to study old exams in preparation for the final exam.

8.      Drop Policy: See the official policy of Texas Tech University at the following web address:
        http://www.depts.ttu.edu/opmanual/OP34.12.pdf .

9.      Grading: Your grade in this course is based only on your exam scores (all of your exam scores)
        and attendance points (see policy 2). Extra credit projects and grade-dropping (e.g., dropping
        your lowest exam score) are not available.

        To calculate your grade in this course, sum your exam scores and attendance points and compare
        your sum to the grading scale below.

                 90% to 100% of the total points available                     A
                 80% to 89% of the total points available                      B
                 70% to 79% of the total points available                      C
                 60% to 69% of the total points available                      D
                 Below 60% of the total points available                       F

        Illustration: Assume total points available equals 650. If you earn 584 points, you earn a B for
        the course; 585 points (90% x 650) are required for an A. If you earn 454 points, you earn a D;
        455 points (70% x 650) are required to earn a C.

        Other grades (P, PR, I, W, and WF) may be assigned, but only under special circumstances as
        defined in the official policies of Texas Tech University at the following web address:
        http://www.depts.ttu.edu/opmanual/OP34.12.pdf .

10.     Course of Redress: If you feel you have been dealt with unfairly when you receive a graded
        paper from me, you should do the following. First, you should develop an argument for your
        position. Second, you should present the argument to me in a professional manner.

11.     Grade Notification: I do not disclose grades over the telephone or via email; please do not ask
        me to do so. This policy applies to grades of all sorts—course grades, exam grades, etc.

        To learn your grade on an individual exam, (1) attend class the day I return that exam for your
        inspection, (2) refer to your grades on WebCT3 , or (3) see me in the office.


3
 To use this way of learn ing your exam grades, log on to WebCT ( http://www.webct.ttu.edu ) using your eraider
name and password. Select (1) A CCT 3305 (Dowell) and (2) My Grades.

ACCT 3305; Fall 2007; Dowell                                                                      Page 3
        To learn your final exam grade, see me personally or refer to your grades on WebCT.

        To learn your course grade, refer to TechSIS.

12.     Academic Integrity: Any violation of academic integrity will result in appropriate disciplinary
        action. For more on this point, see the official policy of Texas Tech University at the following
        web address http://www.depts.ttu.edu/opmanual/OP34.12.pdf .

13.     Notice to Disabled Students: If you are disabled and require special accommodations to meet the
        requirements of this course, contact me as soon as possible, but certainly before the end of the
        first week of class, to make necessary arrangements. Bring the appropriate disability verification
        document from Student Disability Services (accessTECH).

14.     Several learning aids are available on the Student Companion Site for Kieso, Weygandt,
        Warfield: Intermediate Accounting, 12th Edition. For each chapter, the aids include two self tests
        (sets of objective questions), powerpoint slides, extra exercises, check figures, etc. The website is
        located at http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0471749559&bcsId=2995 .

15.     Two learning aids unique to this course are available to you via TTU’s WebCT site. 4 Each is
        decribed briefly below.

        Homework Quizzes: These quizzes are organized by chapter and, generally speaking, are
        designed to simulate the problems referenced in the TENTATIVE ASSIGNMENTS table on
        pages 5 and 6 of this syllabus. You may attempt each quiz an unlimited number of times; your
        average grade for each quiz will be displayed for information (feedback) purposes only—grades
        on these quizzes will not be included in the determination of your course grade.

        Practice Exam Questions: These questions are organized as chapter quizzes and, generally
        speaking, are designed to simulate the questions on the traditional, in-class exam covering the
        same material. You may attempt each quiz an unlimited number of times; your average grade for
        each quiz will be displayed for information (feedback) purposes only—grades on these questions
        will not be included in the determination of your course grade.




4
 To access the Homework Quizzes and/or Practice Exam Questions, log on to WebCT ( http://www.webct.ttu.edu )
using your eraider name and password. Select (1) A CCT 3305 (Do well), (2) Quizzes, (3) Ho mework Quizzes or
Practice Exam Questions, and (4) a specific exercise, etc. If you need instructions about taking a WebCT quiz,
select HELP just above question #1 on any of the quizzes.

ACCT 3305; Fall 2007; Dowell                                                                   Page 4
                                              COURSE CONTENT


Textbooks: The primary pieces of literature used in this course are as follows:

1. D. E. Kieso, J. J. Weygandt, and T. D Warfield. 2007. Intermediate Accounting. 12th ed. New York:
   John Wiley & Sons.
2. Student Companion Site for Kieso, Weygandt, Warfield: Intermediate Accounting, 12th Edition at
   http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0471749559&bcsId=2995 .
3. I. N. Gleim and W. A. Collins. 2005. Financial Accounting: Exam Questions and Explanations. 12th
   ed. Gainesville: Gleim Publications, Inc.


                                         TENTATIVE ASSIGNM ENTS

 DATE       MTG TOPIC                                              CHPT    PROBLEMS, ETC

   8/27      1    Preliminaries

   8/29      2    Stockholders’ equity                               15    E2, 4, 5

   8/31      3                                                             P2

    9/3           TTU Holiday

    9/5      4                                                             BE 12; E21

    9/7      5                                                             E13, 15

   9/10      6    Dilutive securities & EPS                          16    BE3; E1

   9/12      7                                                             E7,10

   9/14      8                                                             E27, 28
   9/17      9                                                             BE 8; E14

   9/19      10                                                            E22, 26

   9/21      11   EXAM #1

   9/24      12   Investments (omit the appendices)                  17    E3, 4

   9/26      13                                                            E7, 9

   9/28      14                                                            E16, 17

   10/ 1     15                                                            E18

   10/ 3     16   Revenue Recognition                                18    E7

   10/ 5     17                                                            E15

   10/ 8     18                                                            E17, 21

   10/ 10    19                                                            E19

   10/ 12         TTU Holiday


ACCT 3305; Fall 2007; Dowell                                                            Page 5
                                         TENTATIVE ASSIGNM ENTS

 DATE      MTG TOPIC                                                    CHPT   PROBLEMS, ETC

  10/ 15    20   EXAM #2

  10/ 17    21   Taxes                                                   19    E1

  10/ 19    22                                                                 E3, 4

  10/ 22    23                                                                 E11, 17

  10/ 24    24                                                                 E23

  10/ 26    25   EXAM #3
  10/ 29    26   Pensions & Postretirement Benefits                      20    BE1, BE3, E3

                 Note: Chapter 20 in most (if not all) copies of the
                 textbook is out-of-date. Print an up-to-date chapter
                 fro m the Student Co mpanion Site; see URL above.

  10/ 31    27                                                                 E5, 7

   11/ 2    28                                                                 E8, 10

   11/ 5    29                                                                 E19, 20

   11/ 7    30   EXAM #4

   11/ 9    31   Leases                                                  21    E13

  11/ 12    32                                                                 E2, 3

  11/ 14    33                                                                 P13, 14

  11/ 16    34                                                                 P10, 11
  11/ 19    35                                                                 E15, 16

  11/ 21         TTU Holiday

  11/ 23         TTU Holiday
  11/ 26    36   EXAM #5

  11/ 28    37   Accounting changes & error correct ion                  22    E1, 11

  11/ 30    38                                                                 E7, 15

   12/ 3    39   Cash flow statements                                    23    P7

   12/ 5    40

                 Section 1 (9:00 o’clock section) Final Exam: 7:30 a.m. to 9:30 a.m., Monday, Dec. 10, 2007
                 Section 90 (10:00 o’clock s ection) Final Exam: 7:30 a.m. to 9:30 a.m., Tuesday, Dec. 11, 2007




ACCT 3305; Fall 2007; Dowell                                                                  Page 6

				
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