DEPARTMENT OF BUSINESS AND INFORMATION TECHNOLOGY BUS 120 FINANCIAL

 EMPLOYEES’ COMPENSATION DIVISION LABOUR DEPARTMENT STATEMENT OF
BILL LOCKYER STATE OF CALIFORNIA ATTORNEY GENERAL DEPARTMENT OF
  COMMITTEE ASSISTANCE DEPARTMENT INTERNATIONAL & ENVIRONMENTAL PLANNING

  US DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION
DATE INDIANA DEPARTMENT OF TRANSPORTATION ATTN INDOT PROJECT MANAGER
STATE OF WISCONSIN DEPARTMENT OF ADMINISTRATION DIVISION OF ENTERPRISE

Catalog Description

Department of Business and Information Technology

BUS 120 Financial Accounting

Spring 2009


Missouri University of Science and Technology

Department of Business and Information Technology


COURSE PREFIX, NUMBER, AND TITLE: BUS 120 Financial Accounting


CLASS TIME AND LOCATION: MoWeFr 9:00AM - 9:50AM, Norwood 208


INSTRUCTOR INFORMATION

Instructor’s Name: Yu-Hsien Chiu, M.S. Office Location: Fulton Hall 112

Office Phone: 573-341-6907 E-mail Address: [email protected]

Blackboard: http://blackboard.mst.edu

Office Hours: Tu 10:00 – 11:00AM; Th 1:30 – 2:30PM


COURSE INFORMATION

Textbook

Financial Accounting,6th edition - Libby, Libby and Short, McGraw-Hill

Course Description

The course is an introduction to accounting and its significant role in making sound business decisions. Emphasis is in financial accounting, what accounting information is, its importance, and how it is used to facilitate business processes.


Course Prerequisites

Math 4.


Course Learning Objectives

Communication Skills

Critical Thinking

Technology

Savvy

Teamwork

Know the terminology and concepts that provide the foundation for understanding accounting and business

X

X



Understand how accounting processes collect, classify, and communicate financial information about business processes to creditors and owners


X



Know how various decision makers (e.g., creditors and owners) use the financial reports to make decisions about reporting entities

X

X


X

Know how to use computer technologies to process accounting data and analyze accounting information



X


Appreciate the importance of ethical and legal behavior in the accounting and business processes

X

X




INSTRUCTIONAL METHODS


Class instructions will include lectures and working out some problems. Classroom activities will include individual or group work on exercises. Each student is expected to read the material before the scheduled class discussion. All assigned material may not be covered in the lecture, therefore, it is the student’s responsibility to bring up for discussion any material he or she does not completely understand.


GRADING POLICY


Grading Scale

A final letter grade is to be awarded to each enrolled student in accordance with the standard grading scale system.


90-100

A

80-89

B

70-79

C

60-69

D

< 59

F



Grading Plan

Tests 30% 300 points

Final Exam 20% 200 points

Project 15% 150 points

Homework 15% 150 points

Quizzes 15% 150 points

Attendance and Participation 5% 50 points

1000 points


Grade Determination

Tests and Final Exam

During the course of the semester, there will be three tests and one comprehensive final exam. All tests will take place in the regular lecture room. The final exam will be during the final exam period and will be comprehensive. There will be no make-up tests/exam during the semester. If you miss an exam for a legitimate reason, the value will be shifted and added to the final exam. There will be review sessions before each exam. This is intended to be an opportunity for you to ask questions and request clarification of the topics covered.


Project

Financial analysis project will be assigned. The project will involve finding and/or interpreting real-life data. Each team will consist of one to three students. You will be expected to complete periodic project contents along the class. Project will be due at the beginning of the class period on the assigned date. .


Homework

This is a homework intensive course. Timely completion of the homework is very important to be successful in this course. Homework will usually be exercises from the end of the chapters in your textbook. Homework must be handed at the beginning of the class period on the assigned date due. Solutions for homework assignments will be posted at blackboard as soon as all homework assignments have been turned in, or after two school days, whichever comes first.


Quizzes

Quizzes, consisting of true/false, multiple-choice questions and/or simple problems, will be given several times during the semester. Quizzes may be announced or unannounced.


Attendance and Participation

Attendance is required. Ad-hoc classroom activities will be organized by the instructor. The submission of the classroom works count towards your participation and attendance. There will be no make-up works. In the event you are absent you are responsible for finding out what was covered in class and what announcements were made as well as obtaining any handouts.


COURSE POLICIES


Classroom Guidelines


Course Updates and Changes on Blackboard

Course materials, homework, schedule, and grades can be found on Blackboard. You will be either altered by e-mail (done through Blackboard) when there are changes, additions, or assignments on Blackboard. The announcement on Blackboard will also serve as another channel to communicate such changes.


Penalty for Missing a Deadline

For any assignment with designated due date, unless you have a legitimate reason and you notify the instructor 5 school days before the due date, a student will be penalized 25% of the value of the assignment for each class day late. No assignment will be accepted if submitted two school days after the due date.


Lateness

Normally, the instructor will be in class on time. However, if the instructor is late by more than fifteen minutes, students should check with the Department of Business and Information Technology located in Fulton 101 whether the class will be canceled. Students are expected to be in class on time.


Academic Alert System: (http://academicalert.mst.edu/)

To assist you, I will initiate an academic alert for students who are not meeting academic course requirements through poor performance on assignments or poor attendance. When an alert is initiated, an email is immediately sent to the instructor, student, and advisor. You are encouraged to respond quickly to all academic alerts. If you fail to open the alert within one week, email notification is sent to your advisor.


Academic Integrity Statement: (http://registrar.mst.edu/academicregs/)

Violations of the University's academic code include, but are not limited to, possession of or use of unauthorized materials during quizzes; providing information to another student; or copying the work of another person. Violations may result in academic penalties, including receiving an "F" in this course. (See page 30 of MST’s “Student Academic Regulations” handbook for further details about student standards of conduct relative to the system’s Collected Rules and Regulations section 200.010.)


Disability Support Services: (http://counsel.mst.edu/)

If you have a documented disability and anticipate needing accommodations in this course, you are strongly encouraged to meet with me early in the semester. You will need to request that the Disability Services staff send a letter to me verifying your disability and specifying the accommodation you will need before I can arrange your accommodation. If you have a disability that might require academic accommodations, please visit Disability Support Services in 204 Norwood Hall (341-4211; [email protected]) very early in the semester.


COURSE OUTLINE

The following is our tentative schedule for the semester. The Instructor reserves the right to modify course schedule and/or procedures in the event of circumstances beyond her control.

Wk

Date

Lecture Topic

Homework

Project

1

Mon., 1/12/09

Introduction – Course objectives and requirements



Wed., 1/14/09

Chapter 1 – Financial Statements and Business Decisions



Fri., 1/16/09

Chapter 1 – Financial Statements and Business Decisions



2

Mon., 1/19/09

MLK Day – no class



Wed., 1/21/09

Chapter 2 – Balance Sheet

1 Given


Fri., 1/23/09

Chapter 2 – Balance Sheet



3

Mon., 1/26/09

Chapter 2 – Balance Sheet

1 Due


Wed., 1/28/09

Chapter 3 – Income Statement

2 Given


Fri., 1/30/09

Chapter 3 – Income Statement



4

Mon., 2/2/09

Chapter 3 – Income Statement

2 Due


Wed., 2/4/09

Chapter 3 – Income Statement

3 Given


Fri., 2/6/09

Project 1 presentation


1 Due

5

Mon., 2/9/09

Review for Test #1

3 Due


Wed., 2/11/09

Test #1 – Chapters 1 – 3



Fri., 2/13/09

Chapter 4 – Adjustments



6

Mon., 2/16/09

Chapter 4 – Adjustments



Wed., 2/18/09

Chapter 4 – Adjustments



Fri., 2/20/09

Chapter 5 – Accounting Information

4 Given


7

Mon., 2/23/09

Chapter 5 – Accounting Information



Wed., 2/25/09

Chapter 5 – Accounting Information

4 Due


Fri., 2/27/09

Chapter 6 – Cash

5 Given


8

Mon., 3/2/09

Chapter 6 – Cash



Wed., 3/4/09

Chapter 6 – Cash

5 Due


Fri., 3/6/09

Project 2 presentation


2 Due

9

Mon., 3/9/09

Review for Test #2



Wed., 3/11/09

Test #2 – Chapters 4 – 5



Fri., 3/13/09

Spring recess – no class



10

Mon., 3/16/09

Chapter 7 – COGS and Inventory



Wed., 3/18/09

Chapter 7 – COGS and Inventory

6 Given


Fri., 3/20/09

Chapter 7 – COGS and Inventory



11

Mon., 3/23/09

Spring break – no class



Wed., 3/25/09

Spring break – no class



Fri., 3/27/09

Spring break – no class



12

Mon., 3/30/09

Chapter 7 – COGS and Inventory



Wed., 4/1/09

Chapter 8 – Property, Plant and Equipment

6 Due 7 Given


Fri., 4/3/09

Chapter 8 – Property, Plant and Equipment



13

Mon., 4/6/09

Chapter 8 – Property, Plant and Equipment

7 Due


Wed., 4/8/09

Chapter 9 – Liabilities

8 Given


Fri., 4/10/09

Chapter 9 – Liabilities



14

Mon., 4/13/09

Project 3 presentation

8 Due

3 Due

Wed., 4/15/09

Review for Test #3



Fri., 4/17/09

Test #3 - Chapters 6 – 8



15

Mon., 4/20/09

Chapter 9 – Liabilities



Wed., 4/22/09

Chapter 9 - Liabilities

9 Given


Fri., 4/24/09

Chapter 11 – Owners’ Equity



16

Mon., 4/27/09

Chapter 11 – Owners’ Equity

9 Due


Wed., 4/29/09

Chapter 11 – Owners’ Equity



Fri., 5/1/09

Chapter 13 – Statement of Cash Flows

10 Given



Mon., 5/4/09

Chapter 13 – Statement of Cash Flows



17

Wed., 5/6/09

Chapter 13 – Statement of Cash Flows

10 Due



Fri., 5/8/09

Review for Final Exam



18

Thu., 5/14/09

Comprehensive Final Exam (1:30 – 3:30)




4


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