HE OHIO STATE UNIVERSITY T
MAX M. FISHER COLLEGE OF BUSINESS
Accounting and Management Information Systems 211
Introduction to Financial Accounting
Spring 2002
TEXTBOOK Professor: Rama Ramamurthy
Kimmel, Weygandt & Kieso, Office: 640 Fisher Hall
Office Hours: MW 12:30 – 1:30 pm Financial Accounting: Tools for
and by appointment Business Decision Making
Second edition, 2000 Office phone: 292-7397
John Wiley & Sons (includes workbook and Web site:
CD) http://fisher.osu.edu/~ramamurthy_3/rra
mis211/spring2002.html
E-mail: ramamurthy.3@osu.edu
COURSE CLASSROOM CLASS TIMES CALL NUMBERS
AMIS 211 SB 330 MW 8:30 – 10:18 00001-6; 00007-9(M)
AMIS 211 SB 330 MW10:30 – 12:18 00003-7; 00009-0(M)
All examinations are administered on Monday evenings at 5:30 pm.
COURSE OBJECTIVES
This course provides you with an introduction to financial accounting. It emphasizes the understanding of financial statements that are used by economic decision makers. Specific course objectives include:
1. Understanding the broad role that accounting information plays in our economy.
2. Building your business and accounting vocabulary to prepare you to take advanced
courses.
3. Learning the key concepts and accounting methods used in financial statements.
4. Developing your ability to interpret and use financial statement information.
COURSE ROUTINE
AMIS 211 is conducted primarily in a lecture-and-discussion mode. My task is to help you understand key concepts, issues, and techniques in financial accounting. I perform this task by (1) explaining and illustrating important concepts in a lecture-like format and (2) engaging you in a dialogue about the important concepts, issues, and techniques. Your task is to be prepared for every class by reading (in advance) the relevant chapter and making an honest effort to solve (in advance)
the practice exercises and problems assigned for the particular class (see the assignment sheet). Your attendance and active involvement in class discussions will enhance your learning.
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EXAMINATIONS
EXAMINATION: DATE: TIME: LOCATION:(TBA)
First Exam April 22 5:30-7:18 pm
Second Exam May 13 5:30-7:18 pm
Final Exam June 10 5:30-7:18 pm
You must bring one or more number 2 pencils with erasers, a non-programmable calculator, and a picture ID to each examination. Turn off your cell phones and beepers during the examination.
You are responsible for all material covered in the lectures and homework problems. Each examination consists of 40 equally weighted multiple-choice questions. The second and final examinations are cumulative. Unexcused absences will result in a grade of ―zero‖ for a missed exam. If you miss the first or second exam with an excused reason, such as sickness, you have to provide valid documentation; your final grade will be determined by the method the instructor assigns at the time the absence is judged excused. In rare and unusual cases (as determined by the instructor), special arrangements to take the exam may be offered to a student judged to have a valid time conflict, illness, or emergency. If you miss the final examination with an excused reason, you will be required to take a make-up examination on a date that will be determined by the instructor. You have to take the final exam to receive a grade for the course.
When your answer to an exam question differs from the answer key and you believe that your answer is correct, you should first check with me for the correct solution. If you strongly believe that your answer is correct, then you should put in writing the alternate solution with well-labeled computations. This procedure must be completed within two weeks subsequent to the exam.
QUIZZES & HOMEWORK
Several unannounced and/or announced quizzes will be given in class. Announcements regarding quizzes will not be posted at the course web site. Failure to take a quiz for any reason will result in a grade of ―zero‖ for a missed quiz. Make up quizzes will not be given. Sometimes, I may collect the homework problem highlighted in bold instead of administering a quiz. Problems highlighted in
bold are candidates for collection once most of the homework problems from a chapter have been discussed in class. For example, the problem from Chapter 2 can be collected on or after April 10.
Make sure that you prepare your homework prior to class. Do your homework neatly and legibly on 8 1/2" by 11" paper; do not use paper from a spiral notebook; make sure you staple the pages together; I will not accept papers held together by paper clips or bent corners. Write your name legibly on the top right corner of the first page. I will collect homework only in class; do not leave them in my mailbox or slide them under my office door. I reserve the right to change the homework problems or add more problems if deemed necessary; I will announce the changes in class and post them at the website. Make sure you check the announcements section of the website often, especially when you have missed a class.
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COURSE GRADE
Your final course letter grade, including ―+‖ or ―–‖ where appropriate, will be determined in accordance with the following weights:
First Exam 20.0 % 200 points
Second Exam 25.0 % 250 points
Final Exam 35.0 % 350 points
Quizzes & Homework 20.0 % 200 points
TOTAL 100.0% 1000 points
CLASS ATTENDANCE AND PARTICIPATION
You are expected to attend all classes for this course. It should be noted that regular attendance is essential for optimal performance, and the student is responsible for all material covered in class. Regular class attendance and participation is an indication of your effort in the course and is critical evidence for borderline course grade decisions. Attendance is required for all the exams.
HOW TO SUCCEED
The University awards 5 credit hours for this course. It is the University's expectation that (every week) each student spend at least 2 hours outside of class for every credit hour. You should spend a minimum of at least 10 hours per week outside of class on AMIS 211. Careful, timely reading and study are essential to your success in this course. Practice is crucial to mastering this subject. The
assignment sheet lists practice exercises and problems for each class period. I encourage you to attempt to solve the problems without looking back at the book—you will not be able to use the
book during the exam! You also may want to form a study group with one or more of your classmates to review practice assignments. You should use the Student Workbook and the
Financial Accounting Tutor (CD) as additional study aids.
HELP SESSIONS
Help sessions are usually available each weekday at the posted times. Two student organizations for accounting majors, the Accounting Association (accounting club) and Beta Alpha Psi (accounting honorary), offer help sessions at these times. A schedule of all hours available will be announced in class and also posted at the course web site.
HELP SESSION(S) SCHEDULE
DAY: TIMES: LOCATION:
Monday
Tuesday
Wednesday
Thursday
Friday
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WITHDRAWAL/INCOMPLETE
Students may withdraw from this class and receive a withdrawal grade through the last withdrawal date as determined by the University. This does not apply to individuals found guilty of academic misconduct. A grade of ―I‖ will be given only in extreme and unusual cases when nonacademic
emergencies exist. The decision of the instructor is final in the determination of whether the conditions warrant an ―I.‖
ACADEMIC MISCONDUCT
Academic misconduct will not be tolerated. All suspected instances of academic misconduct will be referred to the Committee on Academic Misconduct. It is the policy of the Department of Accounting and Management Information Systems to pursue the most severe penalties available in cases of academic dishonesty.
PRIVACY
Every student is entitled to complete privacy with regard to class grades. The instructor will share grade/performance information only with the student and authorized University personnel. To aid in the posting of grades, a random, anonymous, four-letter code will be selected by each student. Students retain the right to request no posting of their grade information. To ensure privacy, no
student-specific grade information will be given out by phone. Scores will be posted at the course web site prior to the final exam to ensure accuracy. In the event of a grade discrepancy, students will be expected to document the error by providing all graded materials. The burden of proof is on the student, not on the instructor.
ABSOLUTELY NO INFORMATION WILL BE GIVEN CONCERNING EXAM LOCATION OR
FINAL GRADE CUT-OFF POINTS EITHER OVER THE TELEPHONE OR VIA E-MAIL.
EXAM LOCATIONS WILL BE ANNOUNCED IN CLASS DURING THE WEEK PRIOR TO THE
EXAM. THEY WILL BE POSTED AT THE COURSE WEB SITE.
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AMIS 211 Syllabus
Spring Quarter 2002
Date Topic Study Homework Due Mon 4/1 Introduction Chapter 1
Course Overview and pages 97-103
Wed 4/3 Financial Statements Chapter 2 E1-1, E1-5, E1-10, P1-1A, P1-3A,
P1-5A
Mon 4/8 Transaction Analysis Chapter 3 E 2-2, E2-4, E2-5, P2-2A, P2-3A,
P2-2B
Wed 4/10 Accrual Accounting Chapter 4 E3-1, E3-2, E3-5, E3-6, E3-11,
P3-2A, P3-5A, P3-7A, P3-2B Mon 4/15 Accrual Accounting Chapter 4 (Cont'd) E4-3, E4-5, E4-8, E4-9, P4-3A,
P4-7A, P4-2B
Wed 4/17 Review for exam Sample exam Mon 4/22 No class - compensatory
time for first exam
Mon 4/22 FIRST EXAMINATION 5:30 – 7:18 pm
Wed 4/24 Merchandise Accounting Chapter 5 Mon 4/29 Inventory Chapter 6 E5-2, E5-6, P5-4A, P5-6A, P5-6B Wed 5/1 Accounts Receivable Chapter 8 E6-3, E6-7, P6-1A, P6-3A, P6-4A,
P6-3B
Mon 5/6 Fixed Assets Chapter 9 E8-2, E8-3, E8-5, E8-6, P8-1A,
P8-4A, P8-6A, P8-1B Wed 5/8 Review for exam Sample exam E9-1, E9-3, E9-8, E9-11, E9-12,
P9-2A, P9-3A, P9-7A, P9-8A Mon 5/13 No class - compensatory
time for first exam
Mon 5/13 SECOND 5:30 – 7:18 pm
EXAMINATION
Wed 5/15 Time Value of Money Appendix C BEC - 5, 6, 10, 12, 13, 16 Mon 5/20 Long-Term Liabilities Chapter 10 E10-1, E10-5, E10-10, E10-12,
E10-14, E10-15, P10-7A, P10-8A,
P10-7B
Wed 5/22 Stockholders’ Equity Chapter 11 Chapter 10 Problems (Cont'd)
Mon 5/27 Memorial Day - No class
Wed 5/29 Investments Chapter 12 E11-2, E11-4, E11-6, E11-7,
P11-2A, P11-8A Mon 6/3 Statement of Cash Flows Chapter 13 E12-4, E12-5, E12-6, E12-7,
E12-8, P12-1A, P12-2A, P12-3A Wed 6/5 Review for final exam Sample Exam E13-1, E13-2, E13-4, E13-5,
E13-7, P13-5A, P13-7A, P13-9B
Mon 6/10 FINAL EXAMINATION 5:30 – 7:18 pm
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