BUS A201
INTRO TO FINANCIAL ACCOUNTING
INTERNET COURSE
FALL SEMESTER 2008

INSTRUCTOR
Name:      Mike Slaubaugh, PhD
Office:      Neff 350A
Office Hours:      10:30a-11:45a TR, 3:00p-4:15p TR, or by appointment
Contact:      (260) 481-6465, slaubau@ipfw.edu
Home Page:      http://users.ipfw.edu/slaubau

CONTENTS
Course Materials Solutions on Reserves EXpress
Course Objectives Accounting Society
Grade Assignment Delta Sigma Pi
Examinations Study Guidelines
Exercises and Problems Miscellaneous
Financial Statement Analysis BUS A201 Schedule
Annual Report Project BUS A201 Assignments

PREREQUISITE:
There is no prerequisite for BUS A201.

COURSE MATERIALS:
The following materials are required for the course:


1. Financial Accounting: A Business Process Approach, J.L. Reimers, 2nd Edition, Pearson Prentice Hall, 2008.
2. BUS A201 Video Lectures & Class Notes available via Blackboard (elearning.ipfw.edu).

COURSE OBJECTIVES:
The overall objective of BUS A201 is to provide a working knowledge of how individuals (e.g., managers, investors, creditors, etc.) use information generated by financial accounting systems to make decisions about business entities. BUS A201 attempts to emphasize the user perspective when analyzing accounting information presented in the financial statements of a firm. However, an individual cannot competently use accounting information unless one understands how that information is processed and financial statements are prepared. Therefore, BUS A201 will also emphasize and provide students with an understanding of the:

1. principles that govern the ways in which information about a business is recorded in the financial accounting system.
2. procedures that are used to collect the information disclosed in the financial reports of a business.
3. ways in which the information collected by the accounting system is reported to decision makers.
4. how business decisions impact the financial statements of a business entity.

In the process of learning how to collect, report, and use financial accounting information, BUS A201 will also discuss materials that are designed to provide you with an understanding of the ways in which business entities are organized and operated.

GRADE ASSIGNMENT:
Grades will be based on the following 350 point distribution:


1. Exam 1 (Chapters 1-3), 100 points
2. Exam 2 (Chapters 4-6), 100 points
3. Exam 3 (Chapters 7-11), 100 points
4. Annual Report Project, 50 points

Your grade will be based on the total points you accumulate during the semester. The grading scale will be discussed in class by the instructor, but will normally be A = 90-100%, B = 80-89%, C = 70-79%, D = 60%-69%, F = below 60%. Throughout the semester, you can view your grades via Blackboard (elearning.ipfw.edu) and your final grade will be posted on both Blackboard and OASIS (oasis.ipfw.edu).

EXAMINATIONS:
Each student needs to make arrangements to take their on the dates given on the attached A201 Schedule. If you are taking the exam on campus, the exam will be given at Testing Services located in Kettler 232. To schedule an exam, contact their office at (260) 481-6600. If you need to have your exam proctored at an off-site location, contact Deb Hein, Distance Learning Program Assistant, at (260) 481-0506.

Note:
Due to the unique nature of the course, the instructor understands that not everyone will be able to take the exam exactly on the scheduled exam date. If not, you must contact the instructor with a valid reason and make alternative arrangements to take the exam as close to the scheduled date as possible. Exams outside the scheduled exam date will not be given unless prior permission has been obtained through the instructor.

Similar to students taking the class in the TV Studio, you will have 1 hour and 25 minutes to complete the first two exams and 2 hours to complete the third exam. Each exam is noncomprehensive and will consist primarily of multiple choice, short problems, and short essay.

Failure to take a scheduled exam without being excused in advance of the exam will result in a grade of zero. Calculators may be used on exams. However, calculators that can be programmed and/or display text are not permitted.

Click on the appropriate link to access a review sheet for each exam:

Review Sheet for Exam 1
Review Sheet for Exam 2
Review Sheet for Exam 3

EXERCISES AND PROBLEMS:
On the attached table labeled BUS A201 Assignments, a number of Exercises and Problems are assigned. Note that all the assigned exercise and problems are from Series A rather than Series B. For example, the Exercises column of the assignment sheet for Chapter 1 has the number "2" which indicates you should complete Exercise 1-2A on p. 35, not Exercise 1-2B on p. 38. Similarly, the Problems column of the assignment sheet for Chapter 1 has the number "1" which indicates you should complete Problem 1-1A on p. 41, not Problem 1-1B on p. 3. None of the exercises or problems will be collected, but are considered an integral part of the lecture and you should attempt these assignments before they are covered in class.

FINANCIAL STATEMENT ANALYSIS:
For Chapters 1-9, there will be a Financial Statement Analysis (FSA) assignment that requires you to answer a series of questions regarding the 2005 Staples Annual Report located in Appendix A of your textbook. These assignments are in the "FSA" column of the BUS A201 Assignments table and the questions can be found via a link on Blackboard (elearning.ipfw.edu).

For comparative purposes and to become acquainted with the firm you will be analyzing in the Annual Report Project (see next section), you are asked to to answer the same questions using the 2007 Staples Annual Report which is accessible via the web.  Go to the next section for instructions to access and print the 2007 Staples Annual Report.

None of the FSA assignments will be collected, but are considered an integral part of the lecture and will help students prepare for the Annual Report Project.

ANNUAL REPORT PROJECT:
The Annual Report Project requires you to use the 2007 Staples Annual Report and other data resources to locate relevant information about that firm as well as determine how well the company has performed. The project will be distributed in class and will address topics not covered in the cases that are assigned throughout the semester.
The annual report is accessible via the web at:

www.staples.com

Specific instructions for printing the annual report are located at the following web address:

users.ipfw.edu/slaubau/a201arpf08.htm

The Annual Report Project must be postmarked on or before Tuesday, December 16. You can also drop the project off at my office by the same deadline, if that is convenient for you. Late projects will not be accepted and will receive a grade of zero. The project should be mailed to:

Professor Mike Slaubaugh
Indiana University - Purdue University Fort Wayne
Department of Accounting and Finance, Neff 350A
2101 E. Coliseum Boulevard
Fort Wayne, IN 46805

SOLUTIONS ON BLACKBOARD:
The solutions to Questions, Multiple-Choice Questions, Short Exercises, Exercises (Series A only), and Problems (Series A only) found at the end of each chapter are available via Blackboard
(elearning.ipfw.edu) in PDF format.

ACCOUNTING SOCIETY:
You are encouraged to attend meetings and becoming a member of the Accounting Society. Meetings are open to all majors. Information on upcoming meetings and how to become a member or officer can be found at the following web address:

www.student.ipfw.edu/~as

DELTA SIGMA PI:
Iota Lambda is the local chapter of Delta Sigma Pi, a national professional fraternity for business majors. If you are interested in information about the chapter, go to the following web address:

www.student.ipfw.edu/~dsp

STUDY GUIDELINES:
BUS A201 can be a difficult class because it is a cross between a math and foreign language class: almost everything done accounting is governed by rules, the vocabulary is new to many of you, and what is learned early in the course serves as a foundation for what we learn later. To maximize your potential:


1. Watch the class lectures in a timely manner and take notes. Read each chapter before it is covered in class. It is not necessary that you understand all of the material, but it is important for you to be familiar with the topic before it is discussed in class.
2. Attempt homework assignments before they are covered in class. Accounting exams test your ability to do accounting problems, so you need to practice. The assigned problems will help you understand the principles that govern financial accounting procedures, give you practice in recording business transactions and preparing financial reports, and help you use financial accounting information to make informed decisions.
3. Prior to an exam, read the relevant chapters again and study your notes. This will reinforce concepts and procedures covered in the classroom and practiced in the assigned homework
4. Take advantage of the web resources available to you.
5. Whenever you are having difficulty in understanding a topic, do not hesitate to contact the instructor about resolving the difficulty.

MISCELLANEOUS:
Students are expected to be honest. You should avoid dishonesty or the appearance of dishonesty such as submitting the work of others for credit or allowing your work to be copied by another person. Penalties for academic dishonesty can range from receiving zero credit for the exam or assignment to failure of the course. The last date for withdrawal from the class with a grade of "W" is Friday, October 31.

BUS A201 SCHEDULE
 
Session Date Day Chapter Coverage
1 08/26 T Introduction, 1
2 08/28 R 1
3 09/02 T 1
4 09/04 R 2
5 09/09 T 2
6 09/11 R 2
7 09/16 T 3
8 09/18 R 3
9 09/23 T 3
10 09/25 R 3, Review
11 09/30 T Exam 1: Chapters 1-3
12 10/02 R 4
13 10/07 T 4
14 10/09 R 4
    10/14 T Break: No Class
15 10/16 R 4, 5
16 10/21 T 5
17 10/23 R 5
18 10/28 T 5, 6
19 10/30 R 6
20 11/11 T 6
21 11/06 R 6, Review
22 11/11 T Exam 2: Chapters 4-6
23 11/13 R 7
24 11/18 T 7, 8
25 11/20 R 8
26 11/25 T 8
    11/27 R Break: No Class
27 12/02 T 8, 9
28 12/04 R 9, 10
29 12/09 T 10, ARP Due
30 12/11 R 11, Review
Finals 12/16 T Exam 3: Chapters 7-11


BUS A201 ASSIGNMENTS

Chapter    Multiple Choice    Exercises    Problems    FSA
1    1-10    2, 3, 7, 8, 10    3    1-3
2    1-10    3, 8    2, 5    1-3
3    1-10    14    1, 7    1-3
4    1-10    8, 9, 12, 16, 21    1, 2    1-3
5    1-10    2, 10    3, 7    1-3
6    1-10    6, 9, 11, 13    2, 3    1-3
7    1-10    18, 19    4, 5    1-3
8    1-10    2, 5, 6, 12, 15    6    1-3
9    1-10    1, 2    None    1-3
10    None    None    None    None
11    None    None    None    None

Note:  The syllabus, schedule, and assignments are subject to
minor revision by announcement in class.