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JOHN CABOT UNIVERSITY
COURSE CODE: "FIN 201-1"
COURSE NAME: "Financial Accounting"
SEMESTER & YEAR:
Spring Semester 2012
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SYLLABUS
INSTRUCTOR:
Coccia Andrea
EMAIL: [email protected]
HOURS:
MW 8:30-9:45
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
OFFICE HOURS:
mondays and wednesdays 10:30 - 11:00 (by appointment)
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COURSE DESCRIPTION:
Learning of the basic structure and procedures of financial accounting to produce information for outside users through the formulation of the financial statements
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SUMMARY OF COURSE CONTENT:
The basic structure of Accounting. Accounting as a system for measuring, processing, and communicating financial information. Bookkeeping procedures. Merchandising and the accounting cycle. The internal control, managing cash, and ethical judgments. Accounts and notes receivables. Accounts and notes payables. Accounting for merchandise Inventory and for plant assets. Introduction to payroll accounting. Corporate organization, Paid in capital and the balance sheet. Introduction on accounting for international operations.
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LEARNING OUTCOMES:
Students are assigned reading material prior to each lecture. Each lecture includes some problem solving, and additional homework problems are assigned. In this way students are exposed to a broad number of applications of accounting concepts. Students should expect to spend at least two hours of individual study time for each hour spent in class.
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TEXTBOOK:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments | Format | Local Bookstore | Online Purchase |
| Accounting 8th edition | Horngren/Harrison/Oliver | Pearson International Edition | 111111 | | | | | |
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Mid Term Exam | Mid Term Exam 40%<br />
Final Exam 50%<br />
Class Participation 10% | 40 |
| Mid Term Exam | Mid Term Exam 40%<br />
Final Exam 50%<br />
Class Participation 10% | 40 |
-ASSESSMENT CRITERIA:
Assessment Guidelines for assigning main letter grades: A, B, C,D, and F.
A: Work of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensiveknowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
B: This is highly competent level of performance and directly addresses the question or problem raised.
There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
C: This is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
D: This level of performances demonstrates that the student lacks a coherent grasp of the material.
Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
F: This work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.
-ATTENDANCE REQUIREMENTS:
| This course meets on Mondays and Wednesdays from 9:00 –10:15. The University’s attendance policy is described in the catalogue. Persistent absence or tardiness usually precludes satisfactory performance in the course, and jeopardizes that part of the grade which is based on class participation. Students are expected to arrive at class on time; students are responsible for all material covered by the syllabus and/or discussed in class, whether or not they are actually present in class. |
| Please refer to the university catalog for the attendance and absence policy. |
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ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic
dishonesty will receive a failing grade on the work in which the dishonesty occurred.
In addition, acts of academic dishonesty, irrespective of the weight of the assignment,
may result in the student receiving a failing grade in the course. Instances of
academic dishonesty will be reported to the Dean of Academic Affairs. A student
who is reported twice for academic dishonesty is subject to summary dismissal from
the University. In such a case, the Academic Council will then make a recommendation
to the President, who will make the final decision.
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STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap.
Students with approved accommodations must inform their professors at the beginning
of the term. Please see the website for the complete policy.
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SCHEDULE
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FIN 201 - Schedule of Assignments
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WEEK 1
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January 16
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Accounting and the Business Environment
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Read Chapter 1
Do Exercises E1-18, E1-19
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January 19
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Accounting and the Business Environment
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Do Problem P1-30A,
P1-33A
Read Chapter 2
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WEEK 2
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January 23
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Recording Business Transactions
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Do Exercises E2-16,E2-20,
E 2-23
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January 25
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Recording Business Transactions
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Do Problems P2-27A,
P 2-29A
Read Chapter 3
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WEEK 3
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January 30
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The Adjusting Process
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Do Exercises E3-14,E3-18
Do Problem P3-28A
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February 1
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The Adjusting Process
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Do Exercises E3-22,
E3-21,E3-23
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WEEK 4
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February 3
Make up for
April 9
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The Adjusting Process
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Do Problems P3-29A,
P3-31A
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February 6
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The Adjusting Process
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Read Chapter 4
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WEEK 5
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February 8
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Completing the Accounting Cycle
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Do Exercise E4-13
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February 13
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Completing the Accounting Cycle
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Do Problems P4-23A,
P4-24A,
Do Exercises S 4-10,S4-11
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WEEK 6
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February 15
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Merchandising Operations
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Do Exercises E5-15,
E5-17
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February 20
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Merchandising Operations
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Do Problems P5-27A,
P5-28A,P5-32A
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WEEK 7
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February 22
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Review Day
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Prepare for MIDTERM
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February 27
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MIDTERM EXAM
Chapters 1,2,3,4, and 5
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Read Chapter 6
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WEEK 8
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February 29
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Merchandise Inventory
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Do Exercises E6-15,
E6-16,E6-17
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March 5
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Merchandise Inventory
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Do Problems P6-29A,
P 6-30A,P6-31A
Read Chapter 7
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WEEK 9
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March 7
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Internal Control and Cash
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Do Exercises E7-13,E7-14,
E7-16
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March 9
Make up for
April 25
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Internal Control and Cash
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Do Exercises E7-18,E7-19,
Read Chapter 8
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WEEK 10
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March 12
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Receivables
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Do Exercises E8-16,
E8-15,E8-18
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March 14
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Receivables
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Do Exercises E8-20,E8-21,
E8-22
Do Problems P8-30A
Read Chapter 9
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WEEK 11
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March 26
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Plant Assets and Intangibles
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Do Exercises E9-17,E9-18
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March 28
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Plant Assets and Intangibles
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Do Problems P9-28A,
P9-34B
Read Chapter 10
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WEEK 12
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April 2
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Current Liabilities and Payroll
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Do Exercises E10-25,
E10-26
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April 4
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Current Liabilities and Payroll
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Do Problems P10-36A,
P10-44B
Read Chapter 11
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WEEK 13
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April 11
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Corporate Organization, Paid-in Capital, and the Balance Sheet
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Do Exercises E11-15,
E11-16,E11-17,E11-18
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April 16
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Corporate Organization, Paid-in Capital, and the Balance Sheet
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Do Problem P11-31A
Start preparing for Final
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WEEK 14
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April 18
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Review for the Final
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Prepare for FINAL
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April 23
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Review for the Final
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Prepare for FINAL
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Final Examination, Chapter 6,7,8,9,10 and 11
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