FINANCIAL ACCOUNTING
2401
FINANCIAL ACCOUNTING 2401
Professor/Instructor David
Loper Phone
903-675-6373
Office:
111T
Hours: As posted
E-mail: dloper@tvcc.edu
COURSE DESCRIPTION:
MANAGERIAL ACCOUNTING 2401
Prerequisite: High school bookkeeping or Accounting 1303
A study of basic fundamentals of
accounting emphasizing the structure, relationship, concepts and principles,
systems and controls,
the accounting cycle for service and merchandising type
enterprises, including special journals and ledgers, notes and interest,
deferrals and accruals, receiving and merchandise inventory, depreciation
applied to plant assets, payroll and sales taxes.
Lab Fee: $20.
LABORATORY AND FIELD
WORK
ACCOUNTING LAB:
The Accounting lab is designed so that you may acquire help in
areas in which you may be having trouble understanding. Out of class tutors may be scheduled through
the Special Services Department. The
answer book is to be used only at the Front Desk of the classroom. DO NOT REMOVE PAGES FROM THE ANSWER
BOOK. Attendance in
lab is required unless you have completed and turned in, or have
checked-off, all assigned problems from the current chapter.
TEXTBOOK, SUPPLIES
AND OTHER RESOURCES
REQUIRED TEXT: Accounting, 21 Edition , by Warren Reeve,
and Fess Southwestern Publishing Company
,
1.
To develop marketable skills in Accounting and related clerical
activities.
2.
To acquire an understanding of Accounting principles and terminology.
3.
To develop desirable work habits and attitudes needed for success in
business.
4.
To understand how the basic principles of Accounting may be applied to
personal and business use activities.
5.
To contribute to general education an understanding of common economic
concepts and the language of business.
6.
To appreciate the opportunities business offers in a free enterprise
system.
REQUIREMENTS FOR ALL
STUDENTS:
Complete all assigned readings and related homework. Come to class prepared . Bring appropriate and prescribed materials
to class. Perform at a 60% level or
above on all tests. Come to class all
the time and on time. Papers may be hand
written if legible. Students are expected to demonstrate a mature attitude
toward the subject matter and participate enthusiastically in class. The specific performance objectives for this
course are listed at the beginning of each chapter in the text. These objectives state what is expected, in
terms of student performance, for the material being studied.
INSTRUCTIONAL
STRATEGIES:
1. Lecture presentation of principal points in
the units being studied.
2. Questions by students and instructor
3. Discussion of relevant materials and ideas.
4. Review of chapter material by short practical
problems solved during class.
5. Assigned problems are worked under teacher
supervision.
6. Individual help and attention is given to
each student when needed.
7. Evaluation of student solutions individually.
8. Overhead projector use
in presentation of exercised, relevant material, assigned and supplemental
material.
9. It should be advised
that each should acquire a hand-held calculator capable of doing addition,
subtraction,
multiplication, and division of up to
eight digits.
10. Occasionally guest speakers will be invited to present
relevant ideas and topics.
EVALUATION/GRADING/ASSESSMENT
POLICIES:
Your final grade for this course will be based on the following
factors:
(1) Major test; (2) Workbook assignments; (3) Exercises; (4) Final
Examination; (5) Internet Assignments
(1) Major tests: Several major tests will be given. Most tests will be given in two parts. One part is given during the lecture and one
part is given during the lab. If you can
complete both parts during one period this is fine. The tests will composed of Accounting
terminology and preparation and completion of various accounting problems. Hand-held calculators may be used on the
tests and for the solutions of workbook problems and exercises.
(2) Workbook
problems: You will be assigned selected
problems for each chapter to work and turn in.
A due date will be announced, and the completed problems will be due at
the end of the lab period on that day.
Workbook problems will be accepted one class period after the test
unless otherwise stated.
(3) Exercises:
Selected exercises from the book will be selected. These are optional for you to work and must
be completed on notebook paper.
(4) Final Examination: The final exam will not be comprehensive as
such. It will be given on the material
we are covering at the time of the end of the semester, which is usually chapter 24. There will be not make-up for the final
exam. If you miss it, it will be counted
as "O". The final exam will be
given as shown on the final exam schedule.
The only exception will be if you provide me a signed letter from Dr.
Huffstutler authorizing me to give your final exam at a time other that the
regular scheduled time.
Several major tests, including the final examination, will be
administered. The score on each test
will be added together and divided by the total number of tests
administered. The result of the division
will be the final average for the semester.
Other factors that have a positive influence on the grade will be attendance and attitude toward the
course, response to questions and
discussion, and promptness and degree
of accuracy in preparing assigned problems. In addition 2 (2) points will be added to
the final average for completion of the assigned problems in the workbook and
internet assignments.
MAKE-UP POLICY:
Students will be allowed to take ONE make-up test during the
entire semester. Students will be
allowed to choose the test they would like to make-up. This make-up test grade will be used to
replace a low test score or to replace a "O" score received on
a test missed. Make-up test scores may
not be substituted for the score on the FINAL exam.
STUDENT REQUIREMENTS:
All students are expected to :Complete all lessons. Attain specific competencies as indicated on
the course outline and schedule. Do all
assigned readings and related homework.
Come to class prepared.. Bring
appropriate study materials to class. Perform
at the 60% or above level on all tests and assignments... Come to class and be on time. Papers may be hand written if legible.
ATTENDANCE AND
BEHAVIOR:
Attendance policy is summarized as follows: Class attendance is mandatory Regular class attendance is essential for
successful completion of the course and the earning of credit. Class attendance will be recorded daily. Class attendance will become a part of each student's
permanent record. Excessive absences are
explained in the TVCC Catalog.
Instructors may drop students for excessive absences. Students are expected to be in class on time.
Excessive or frequent tardiness will cause the course grade to decrease. All students are considered mature
individuals by the faculty and staff. Students
will be required to conduct themselves with utmost consideration of the rights
and property of others. Any behavior on
the part of a student that interrupts or impedes quality instruction shall not
be permitted. Unrelated talking and
other chatter in class will not be tolerated.
Monopolizing class discussions to the detriment of other student's
rights to enter into class discussion will not be tolerated. It is expected that each student will respect
the rights and opinions of other students.
Inappropriate behavior which continues after the instructor's reprimand
will be dealt with by administration. If
an instructor deems an article of clothing unsafe or otherwise improper, the
student will be dismissed to go home and change. Radios, tapes, cell phones, pagers, CD
players, and other audio or video
equipment are not permitted in the classroom at any time. Horseplay will not be tolerated in the
classroom or lab areas. Obscene and
profane language will not be tolerated.
Food and drink may not be taken into the labs or classrooms. Smoking is not permitted in any building on
the campus. No weapons are allowed on
school property.
OTHER INFORMATION:
No children and only approved guests are allowed to visit the
class.
HOMEWORK
PROBLEMS AND EXERCISES TO BE COMPLETED;
PROBLEMS CHAPTER EXERCISES
1-1A, 1-2A, 1-3A, 1-4A, 1-5A, 1-6A (1) 1 & 2
2-1A, 2-2A, 2-4A, 2-6A (2) 1 & 2
3-1A, 3-2A, 3-3A, 3-4A (3) 1,2,3 & 4
4-1A, 4-2A, 4-3A, 4-5A (4) 1,2 & 3
COMPREHENSIVE PROB 1
5-1A, 5-2A, 5-4A, 5-5A (5) 1,2 & 3
6-2A, 6-4A, 6-6A, 6-7A (6) 1, 2 & 3
7-1A, 7-2A, 7-4A, 7-5A, 7-6A (7) 1, 2 & 3
8-1A, 8-2A, 8-3A, 8-4A (8) 1, 2 & 3
9-1A, 9-2A, 9-3A, 9-5A (9) 1
10-3A, 10-4A, 10-6A (10) 1 & 2
11-2A, 11-3A, 11-4A, 11-6A (11) 2
12-2A, 12-3A, 12-6A (12) 2
INTERNET
ASSIGNMENT ONE:
STOCK
PORTFOLLIO ASSIGNMENT:
INSTRUCTIONS FOR INTERNET ASSIGNMENT ONE
Go to a financial site of your choice on the Internet and look up the symbols for the stocks listed on the Internet assignment on sheet. You may also find the symbols in the Wall Street Journal
HOW TO SETUP YOU PORTFOLIO:
(1) Go to Yahoo
(2) Click on Finance –top right
hand side of screen CLICK on REGISTER and
(3) When Registered---click on
Sign In ---Give it your username and password.
(4) Click on, Create Portfolio
(5) Click on, Track a Symbol
Watch List.
(6) Give the Portfolio a
name. example (Acct 2401 Financial)
(7) In the Box type the, stock
symbol, with a space after each symbol.
(8) When completed click
finished.
(9) Top right hand side of the Yahoo Finance Screen, you will see the word Portfolios in bold print, click on the name of your portfolio.
(10)Top right hand side of Yahoo screen will show your portfolio highlight and the
word edit next to it. Scroll down and see the Portfolio and the VIEWS to the
left. The word BASIC will be highlighted.
(11) Look for the words CREATE A NEW VIEW double click on it.
(12) Step 1 Type in the Name of your
Portfolio
Step 2
SELECTED
VIEW FIELDS: Select the following:
Symbol
Name
Last Trade
52 Week hi and low
EPS
PE
Dividend a share
(13) In the Portfolio Screen double click on your portfolio and see what it looks
like.
Excel.
(15) In Yahoo Finance there are many articles that tell why the stock market has
gone up or down, Highlight, copy and paste ONE article.
(16) Send
both the Portfolio and the article to me as an attachment.
This portfolio is due once a week, so put your name and date of the week on it.
INTERNET ASSIGNMENT (ONE) FINANCIAL ACCOUNTING
Symbol 52 WEEK NAME PRICE P/E HIGH LOW
Compaq
Wal Mart
Tenneco
Lucent
Technologies
Microsoft
Oracle
Intel
Exxon
Mobile Corporation
Coke
Procter
& Gamble
General
Motors
Ford Motor Corporation
Micron
Technologies
Pepsi
Cola Company
Southwestern
Bell Corporation
American
Telephone & Telegraph
Office
Depot
Office
Max
Lowe's
Home
Depot
Avery
Dennison Label
Cisco
Dell
Computers
International
Business Machines
Texas
Instruments
Gateway
Computers
Brinker
International
CHECK THESE STOCK PRICES ONCE EVERY WEEK OVER THE NEXT 15 WEEKS FOR A TOTAL OF FIFTEEN TIMES. PLEASE CHECK THEIR PRICES AND NOTE CHANGES IN PRICE AND FIND AN ARTICLE (each week) IN THE PAPER OR ON THE INTERNET THAT TELLS WHY THE PRICES HAVE GONE UP OR DOWN. ATTACH THE ARTICLE TO THE BACK OF THIS PRICE QUOTE SHEET.
NOTE
PLEASE BUILD A STOCK PORTFOLIO WITH THE ABOVE LISTED STOCKS IN YAHOO OR SOME
OTHER FINANCIAL SITE AND SUBMIT THE FOLLOWING ONCE A WEEK TO ME BY EMAIL: THE
PORTFOLIO SHOULD CONTAIN THE FOLLOWING; SYMBOL, NAME OF STOCK, LAST TRADE,
PRICE TO EARNINGS RATIO, 52 WEEK HI AND LOW, DIVIDEND PER SHARE, DIVIDEND DATE.