Financial Reporting Standards for the topics covered in this course. You will have basic skills to research financial accounting issues using the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). Miscellaneous Information Primary Prerequisite: A “C” or better in Accounting 201 and 202, or a grade of “C” or better in Accounting 306. A is insufficient. Just because you were allowed to register, does not mean that you have met the prerequisites. In may be a few weeks, but you will be dropped from the course if you do not have the prerequisites. Many f the required materials are on Blackboard.
You should check the Announcements on Blackboard frequently. In some cases, you may be contacted by email. Please check your email frequently, and be sure your preferred email address has been updated. Your quizzes and your homework are assigned via the Connect system. Connect is described on the last page of this syllabus. You should check the Connect system each day to make sure you meet the deadlines. The first Connect assignment is due on the third day of class. You have three options to contacting me outside of class; email, office, and phone. Each option has its advantages.
I check my email frequently whether I am in the office or not. Expect a quick response to your email questions. Email allows me to provide greater detail when answering questions about problems. It also provides you with a reference in case you forget the details what was discussed. Feel free to drop by my office whether it is my office hours or not. If I am away from the office, my office number generally rings through to my cell phone. I am generally available trom 9 Saturday. 30 a. m to TOO p. m. Monday through Makeup Exams are only given for students with serious medical problems or equired university sponsored events (e. . , scholarship football is excusable, flag football is not). Makeup exams will not be given for work-related reasons. If you have a conflict, it is best to contact the instructor ASAP. In all cases, you must contact the instructor at least 4 days prior to the exam. 2 Academic Misconduct: The penalty for academic misconduct of any kind includes, but is not limited to, an F (failing grade) in the course and letters to the Director of the School of Accountancy, the College of Business Administration Dean, and the University of Nebraska Dean of Students.
The UNL Student Code of Conduct is available on the UNL website. Academic misconduct includes, but is not limited to, helping other students commit academic misconduct, copying or photographing the exams, fabricating excuses, altering grading marks, soliciting someone’s help to commit academic misconduct, and using unauthorized materials or sources during the completion of individual work. The examinations are the property of the instructor and must be turned in at the end of the exam and at the end of exam review classes. Leaving the classroom or my office with an exam is academic misconduct.
The written cases and Connect quizzes are for individual work only. Discussion of your cases constitutes academic misconduct. It is also academic misconduct to work Connect quizzes with other students or transmit information about them before the due date. Grades Your grade will be based on the five exams, class participation, Connect homework, Connect quizzes, FASB research assignments, and a written case. The first exam is worth 80 points. The second, third, fourth, and final exams are worth 100 points each. Every exam is comprehensive. Class participation counts 60 points.
Connect homework assignments count 50 points. Connect quizzes are worth 50 points. FASB research assignments Count 20 points. The written case is worth 15 points. There are a total of 675 possible points. Grading Scale = 94-100% A – 8=81 -87% c-71-77% A-=89- c-=70- D+ not given D = 61 -70% Please be aware that a “C” or better in this course is a prerequisite for Accounting 314 and 412. A”C-” is not sufficient. A “C” or better in Accounting 314 is a prerequisite for Accounting 404 and 410. Excused absences for exams are only given for serious medical problems and university sponsored events (e. . , scholarship football is excusable, flag football is not). Please contact me if you are in doubt. During class, you should take notes. If you do not understand what is being discussed, you should ask questions. Asking questions is a positive part of your class participation grade (see below). Extra credit opportunities are never offered to individual students and rarely for the class as a whole. If there are extra credit opportunities, they will be announced on Blackboard. You can earn 3 points (not % points) for attending a lecture at the Lied Center on October 3, 2013 from 3:30 to 4:30 pm.
There are no makeup opportunities. The Speaker is Dr. David Callahan, author t several books including The Cheating Culture: Why More Americans Are Doing Wrong to Do Well. Class Participation Grade To increase objectivity of these grades, I record daily notes on each student’s class attendance, tardiness, and participation. For your class participation grade, you will be allowed two absences without penalty, and absences in the first week are not counted in your grade. Subsequent absences will cost you percentage points of your grade.
There are 37 non-exam class days excluding the first three class days. As an example, if you miss 7 days, your maximum participation grade is 85. 71% (37-7)/ 37-2). To receive this maximum grade you must be consistently prepared and participate. Your participation is Judged from three factors: your responses to questions put directly to you, asking questions, and volunteering to answer questions posed to whole class. You are expected to do all of the these. Partial credit is given for days in which you are unprepared or late, and therefore, your grade will be better if you attend.
However, tardiness is counted as between 25% and 100% of an absence; between O and 3 minutes is 25%, 3-9 minutes is 50%, 10-25 minutes is 75%, and more than 25 minutes is 100% of an absence. I strongly encourage you to get rest when you are sick, attend funerals, attend non-required University activities, go on interviews, take the CPA exam, etc. Although these are legitimate reasons for missing class, these absences will not be excused in your grade’s calculation. Excused absences will only be given for serious medical conditions.
A note from the medical center saying that you were there is not sufficient as an excused absence. My expectations regarding your preparation, attendance, and participation are similar to those you will experience in your professional career. Because these expectations are usually higher than students’, the average grade for class participation is expected to be about 80%. Unfortunately, past experience has shown that some students will earn a failing (e. g. , 50%) class participation grade, and in a few cases, an extremely low grade (e. g. , 10%). Other Course Policies 1 .
Although I seldom invoke this clause, I reserve the right to add to or subtract from any student’s final point total or percentage ten percent of the total points available in this course. This alteration is entirely subjective and based upon the instructor’s rofessional opinion and may include, but is not limited to such factors as: talking without being called upon, homework, attendance, effort, attitude, furtherance of the interests of the class, demeanor, or any other relevant factor. 2. Cell phones, iPods, etc. are not allowed during exams. Bring a watch if you need to know the time.
You eyes must be visible to the instructor during the exams. 3. If you need accommodations under the Americans with Disabilities Act, you should contact the office for Services to Students with Disabilities (SSD) in 132 Canfield Administration Building, 4723787 as soon as possible (ASAP). . In general, the course syllabus will not be changed after the first day of class. However, if there is a typo on the syllabus, it will be announced on Blackboard ASAP. 5. If I find any errors in the syllabus or text, I will post them on Blackboard. If you find possible errors, please let me know. 6.
If you are an honors student and wish to take this class for honors credit, please see me ASAP. How to Study and Class Conduct. 1. You are expected to be in class every day and BE ON TIME. Do not eat in class. You may drink only water in class. Do not talk or disrupt class. 2. You should check or Blackboard Announcements and new Connect assignments each weekday. 4 These announcements include changes to the assignments and topics to be covered. The problems to be covered in class are listed at the end of each chapter’s lecture notes. You should keep a list of questions and continually revise it as you study. 3.
Simple topics may be covered in a single day; more complex topics are normally covered over two days as follows. For each topic: Before Day 1: Read the lecture notes. Read the book while simultaneously referring to the lecture notes. To the extent practical, work the homework on the topics to be covered on Day 1. During class”Dayl: We will discus the material with examples. Some examples may be on the Connect Homework. For simple topics, the material is often completed on Day 1. Take notes. Participate. Make a list of key concepts. 5 Between Day 1 and Day 2: ASAP, review material and examples Just covered.
Give yourself a self test on the key concept list you made during class. Complete Connect homework. Work the homework problems to be covered on Day 2. You will be called on to work homework problems in class. During class”Day 2: We problems on topics covered on Day 1. Take notes. Participate. Connect homework solutions are available mmediately after the DUE date, normally at 9:30 a. m. Solutions to homework covered in class are available later that afternoon. Solutions to the supplemental problems are always available at the completion of the chapter, sometimes sooner. After Day 2: Review material and examples Just covered.
Solutions are available later that day. Work supplemental exercises until you get them right without any help from the book. At completion of chapter, work Connect Quiz. Just before the exams, read the lecture notes. Review homework by reading the questions, thinking about how to work the question, then checking your answers. For topics you are struggling with, review the exercises covered in class, read the book, and work supplemental exercises until you can do them right without help from the book. 4. Several topics are often covered in a single day. It is impossible to know precisely which topics will be covered on the following day.
Therefore, the above process is a guideline only. Use your best Judgment in implementing the process above. 5. Your study will be much more efficient and effective if you follow the above steps ASAP. Putting most of your study time right before exams is effective is some classes, but procrastination in Accounting 313 works poorly. 6. You must check Connect every day to be sure that you do not miss any assignments. 7. During class, you should participate and take notes. Because my lecture notes are available, you will not need to summarize a large amount of technical material during class.
The solutions will be made available after class so do not need to write down the numbers in detail. You will be able to focus on the nuances of the material, examples which illustrate the concepts, views expressed in the discussions, steps needed to work the problems, any uncertainties you have about the material, etc. 8. In addition to the assigned homework, supplemental problems, and quizzes, the “Publisher’s Documents” section of Blackboard includes additional quizzes, PowerPoint presentations, Excel templates, flash cards, and narrated PowerPoint slides.
Connect also contains optional LearnSmart study modules (conceptual), and Self-Quiz and Study (numbers problems). 9. The assigned problems, supplemental problems, quizzes, etc. are provided for learning purposes; they range from easy to challenging. In contrast, the exam questions test your mastery ot the material. Theretore, many ot the problems are much easier than those on the exams. . Highlighting or underlining text is a common study habit which is less effective than many students think. This is true in large part because most students highlight too much material.
If highlighting significantly adds to the time it takes you to read the text, you should reconsider whether to highlight. If you use highlighting, make an effort to be very Judicious in what you highlight. 6. Rereading the lecture notes is extremely useful and efficient. Rereading the textbook can improve your grade. However, rereading the textbook is often very time consuming, and there are usually better ways to spend your study time. This is especially true if you are rereading the text more than once. A better alternative is to work practice problems, referring to the text when needed.
Do not forget to keep working NEW problems on each topic until you can get them right without referring to the book or other notes. However, do NOT work new problems on a topic until you understand the previous problems on that topic. 7. Some material does not lend itself well to problems. This is especially true for material with no numbers. Two examples are the questions “What is a related-party transaction, and why is it relevant to investors? ” This type of material is included in ew, if any,