FINANCIAL ACCOUNTING

ACCOUNTING 111

SPRING SEMESTER 2001

M-W-F

INSTRUCTOR : ROBERT J. DUNLEVY OFFICE HOURS:

RM 228-I MONDAY 1:00 -2:00

PHONE 1-610-718-1875 TUESDAY 9:00-9:30 E-MAIL: RDUNLEVY@MC3.EDU

TEXT: ACCOUNTING, Fees, et al., 19 th ed. South Western

OBJECTIVE: Introduce the basic principles of financial accounting including an overview of the accounting cycle, the matching concept, internal control, inventory methods, accounting for cash, receivables, inventory, and basic financial statement analysis.

GRADE PLAN (COMPOSITION) :

MONOPOLY ( " HANDOUT ) 10%

HOMEWORK 15%

CLASS PARTICIPATION 5%

TESTS 70%

TOTAL 100 %

LETTER GRADE :

A > 90% C > 70% F < 60%

B > 80% D > 60%

ATTENDANCE:

Up to four absences will be permitted, more than four will reduce the final course grade by one percentage points per missed class. (Based three meetings per week)

TARDINESS:

Being late for class will be treated as an absence.

ASSIGNMENTS:

Assignments are due at the beginning of class (date) designated on the syllabus, handouts or announced in class. Assignments should be done in either pencil or with a software package ie: word, excel. (If you will be absent for a class, you may E-mail homework. It must be received before the class).

MISSED EXAMINATIONS, "CHEATING", AND AN "INCOMPLETE" GRADE:

There will be no make-up exams. Students who miss an exam must submit a several page paper on a topic and article relevant to the course selected by the instructor. A student found turning in another's work as their own will be given a zero for that application. An "Incomplete" grade will only be given to those students who have completed a majority of the course and who also have earned at least a C or better in all exams given thus far.

SCHEDULE: M-W-F DATE CHAPTER # TOPIC ASSIGNMENTS (See "Handouts")

Jan. 17 Students log on to shared drive & download syllabus & handouts, review syllabus, introduce text (note how it is laid-out)

Ch # 1 "CHANGE of FINANCIAL POSITION SCHEDULE"

" 19 Play Monopoly game (refer to Monopoly hdout) Turn in Monopoly "Worksheet" ( summary of transactions, similar to page 15 with initial record) on 26^th of January & "Formal" Financial Statements by 31st

" 22-29 Chapter 1

" 31- Ch # 2 ANALYZING TRANSACTIONS

Feb 9

" 12 FIRST TEST CHAPTERS 1 & 2

" 14-21 Ch # 3 MATCHING CONCEPT & ADJUSTING PROCESS

" 23-28 " 4 COMPLETING THE ACCOUNTING CYCLE

Mar 2-7 " 5 ACCOUNTING SYSTEMS & INTERNAL CONTROL

" 9-14 Ch 6 ACCOUNTING FOR MERCHANDISE BUSINES

" 16 SECOND TEST (Chapters 3, 4 & 5)

" 19-28 " 7 CASH

" 30 No Class

April 2-6 " 8 RECEIVABLES

" 9-13 SPRING BREAK

" 16 Chapter # 8 RECEIVABLES

" 18-27 " 9 INVENTORIES

" 30 THIRD TEST (Chapters 7,8, & 9)

May TBA COMPREHENSIVE FINAL (OPTIONAL, DOUBLE WEIGHT IF YOU HAVE TAKEN ALL TESTS!!!)