Class: Gisiness Mo2B) Financial Accounting Principles U(Gpring 2013 Sec. 30976 TTH 11:30-12:45pm, Room T-109 Professor: _M. Thomas Spraggins, C.P.A. Office: ‘Adjunct Faculty-No Office Email: tspraggins@veced.edu Text: Financial Accounting (7"" Edition) Libby, Libby, & Short ISBN-13: 9780078111020 Loose Leaf Edition _ISBN-13: 9780077466862 Important Dates: January Refund / Fee Credit Deadline January __Last day to add classes January 25 Last day to drop classes without a “W” April 19 Last day to drop a class with a“W” on your record. No drops are allowed after this date. May ad -21, 2013 Final, Exams 3. Fiat Gees Snes 1a3e-Q 30 PM Note: Homework is for the students benefit and is not collected or graded. Four (4) exams may be given at any time. The final exam is comprehensive and it will be worth 100 points. No makeup of an exam is allowed if it is not taken as scheduled, Unit exams are given as shown in the attached schedule, The lowest exam is dropped. All exams are weighted equally. A missed exam counts as zero (0). Cumulative points will be used to calculate final grades, Grading is on the following scale: 90-100% A, 80-89% B, 70-79% C, 60-69% D, below 60% F. This syllabus is subject to revision as necessary. It is the students’ responsibility to be in class and thus aware of changes made. Attendance is recorded and any student who misses more than 6 class meetings for a TTh class is subject to being dropped, so contact me if there are extenuating circumstances, Students more than ten (10) minutes late for class will be marked as absent. Students who leave class early, without prior approval from the instructor will be marked as absent. Disruptive classroom behavior will not be tolerated. After one warning for disruptive behavior, a student is subject to dismissal from the class for subsequent disruptive behavior. Any student caught cheating or plagiarizing will be dismissed from the class with an “F”. It is the student’s responsibility to drop this class by the appropriate deadline. Exams will be reviewed during the class meeting following the exam. Once the exam has been reviewed in class, all scores are final and not subject to revision. A table summarizing the grading procedure follows: Midterm Exams (100 points each) Final Exam Subtotal exam. TotalCOURSE DESCRIPTION Financial accounting is a required course for most students intending to major in any business discipline. It continues the examination of financial accounting started in Financial Accounting Principles-2A related primarily to public corporations. The focus is on investing and financing activities. Explores long-term asset acquisition /use, short and long-term debt, stockholders” equity, intercompany investments , preparation and use of the Statement of Cash Flows, and financial statement analysis. Transfer credit: CSU, UC maximum credit allowed-one course when combined with Bus MO2A. These objectives comply with the California Core Competency Model for the First Course in Accounting developed by the California Society of Certified Public Accountants’ Committee on Accounting Education. Upon successful completion of the course the student will be able to: 1. Explain how accounting meets the information needs of investors, creditors, managers, regulatory agencies, and taxing authorities. 2. Explain the principles, procedures, and concepts underlying the primary financial statements, 3. Explain the uses and limitations of financial statements and related information in making decisions. 4. Explain what a system is and how an accounting system is and how an accounting system is designed to meet the needs of specific businesses. 5. Students will be able to input transactions into an accounting system, process this input, and prepare and interpret financial statements. 6. Demonstrate analytical, interpersonal, and communications skills through case study and group projects. impos it Stater it irding ACCES! “Students with disabilities, whether physical, attention related, learning, or psychological,” who believe that they may need accommodations in this class, are encouraged to contact ACCESS Center as soon as possible to ensure that such accommodations are implemented in a timely fashion. Verification from the ACCESS office is required before any classroom or testing accommodation can be made. You will also need to provide documentation of your disability to them. Their phone number is 378-1461 and they are located on the ground floor of the LMC building. Information: Applied and Social Science Division Dean-Lori Bennett, Office HSS-217, Phone 805-378-1445DATE BY WEEK TOPIC Read Problems Tues. Jan. 15 Course Overview Thur. 17 Long Term Assets Ch.8 = MC-1-10 Tues. 22 Continued M-1-4,7,8 E-5,8 Thur, 24 Continued E+13,22 P10 Tues. 29 Review Chapter 8 Thurs. 31 Exam Chapter 8 100 Points Tues. Feb. 5 Liabilities Ch.9 = MCI-10M-2,3,6 Thur = 7 Continued E-3,7,9,12,15,20,23 Tues, 12 Holiday Thur, 14 Liabilities P-i,l1 Tues. 19 Bonds Ch.10 MC-1-10M-1-8,10 Thor. 21 Continued E-1,2,5,11,16,20,22 Tues. 26 Continued P-3,69 ‘Thur, 28 Exam Chapters 9 &10 100 Points Tues. March ‘Stockholders’ Equity Chill MC-1-10 Thur. 7 Continued Me1-10 Holiday Mareh 11-15 Tues. 19 Continued E-3-5,9,15,18,21,28 Thur. 21 Continued P-1,4,7,9 Tues. 26 Investment in Other Corporations Ch. 12. M-I-4 Thur. 28 Continued M-7,9,10,11 Tues. Apr. 2 Continued E-1-47 Pal Thu. 4 Continued P2355 Tues. 9 Exam Chapters 11 & 12 100 Point Thur. = 11 Statement of Cash Flows Chi3 Q4-12 Tues. 16 Continued M-1-7 Thurs. 18 Continued E-1-3,5-8,12,13 Tues. 23 Continued P-12 Thurs. 25 ‘Analyzing Financial Statements- Ch.14_Q3-6MC-1-7 Tues. 30 Continued M2ES ‘Thur. May 2 Continued Pel Tues. 7 Review / > Exe, L Thurs. May 9 Exam-Chapters43-@14100 Points (Cou eee Tues. 14 Review for final exam chapters 8-147 ( 2, Thurs. May 15-21 FINAL EXAM WEEK Exact Date Too Be Announced!!!!!!!!! FINAL EXAM COMPREHENSIVE 100 Points MC -refers to the textbook multiple choice questions Qrefers to the textbook questions Me-refers to the textbook “Mini-Exercises” E-tefers to the textbook exercises Prefers to the textbook problems