	COLLEGE OF BUSINESS AND PUBLIC AFFAIRS Course Data Sheet Spring Semester 2008
Course Number and Title	Accounting 201; Financial Accounting for Decision Making
Description and Prerequisites	This course is designed to help students appreciate the role of accountants in providing information helpful to decisions of investors, creditors, government regulators, management and others, and understand how that information can be used. Emphasis is on comprehending the meaning and value of the balance sheet, income statement, and statement of cash flows. Prerequisites: Sophomore standing and MATH 140 or MATH 160 or MATH 185 or MATH 210 or MATH 251
Course Text	*Financial Accounting Fundamentals, 2007 Ed.* John J. Wild. ISBN 13:978-0-07-340397-7. McGraw-Hill Irwin, 2007. Workbook and study guides are optional but recommended. *You are expected to have this text book at all class sessions.*
Mission of the College of Business and Public Affairs	The College of Business and Public Affairs, consistent with the overall Mission of The University of Tennessee at Martin, develops leaders whose skills, innovative abilities and ethical standards contribute to a diversified and dynamic society. With a primary focus on teaching, the College emphasizes quality undergraduate and graduate instruction and faculty commitment to student and regional development. Programs are delivered in an environment that encourages a broad understanding of the forces shaping global social, political and economic change. The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research, and service.
Learning Objectives related to the BSBA Mission	After completion of this course students will: BSBA 2 – have an understanding of the ethical business aspects. BSBA 4 – demonstrate effective verbal and written communication skills. BSBA 5 – demonstrate an understanding of the business core.
Course Objectives As approved by Accounting Faculty	The study of Financial Accounting Information for Decision Making has as its objective to provide the student with an understanding of: the accounting profession, terminology, concepts, principles, business ethics, and the work of accountants, both professional and private, the role of accounting in our economic society, tools needed to analyze and process accounting data through to the end result of comprehension of the acceptable form of the balance sheet, income statement, and the cash flow statement, the usefulness and limitations of financial statements prepared in accordance with generally accepted accounting principles (GAAP), the need for effective communication to users of accounting information, analytical and critical thinking problem solving skills, and the relationship to the business core and to prepare the student for further study in other business courses.
Students with Special Needs	“Any students eligible for and requesting academic accommodations due to a disability are required to provide a letter of accommodation from Disability Services (P.A.C.E. Office) or Student Academic Support Center within the first week of the semester."

Class Data Sheet

Instructor:	Dr. Robert L. Putman, CPA	Semester: Spring 2008
Office:	315 Clement Hall	Phone: (731) 881-7305 or (731)-352-5797
E-mail:	bputman@utm.edu	Fax: (731) 881-7241
Web Location :	http://www.utm.edu/staff/bputman	Office Hours: 1:00-3:30 M and W Other hours by appointment
Publisher’s Website	http://www.mhhe.com/wild

*Attendance Policy

All students are expected to attend class and to participate in classroom discussion. Excessive absences will result in the lowering of one's participation points. More than three unexcused absences are excessive. For each unexcused absence in excess of three, one (1) point will be deducted from the total of 20 allowed as part of your participation grade.

Exam

Policy

The first three exams will be 50 minute exams and will be for a possible 100 points. The final exam will be comprehensive, will cover Chapters 1-12, and will be a 2 hour exam. The final will also count a possible 100 points. There will be no makeup exams regardless of reason for missing the exam during the semester. If one is unavoidably away from class due to illness, job related duties, or other emergency situations and has to miss class, the final exam grade will also count for one (only 1) missed exam. In order to be fair to those who take all three of the semester exams at the scheduled times, I will allow you to replace the lowest of the three grades you received on the chapter exams with the final exam if it is higher than that lowest grade.

*Homework Policy:

Homework is due at the start of the class meeting according to the Tentative Schedule that follows later. It will not be taken after class. If you cannot attend, be sure that you send it with a friend or submit in to me in person shortly after the class you miss. For each problem not TURNED IN or INCOMPLETE WHEN SUBMITTED, one point will be deducted from your 60 point homework grade. There will be no points awarded for late homework unless you have a valid excuse for such tardiness. Points will be awarded for each problem you turn in if it is substantially complete. If you receive an S on the problem, it means that you received satisfactory credit for that problem. If you receive a U on the problem, it means no credit was awarded for that problem. For any U grade you receive, you may complete the homework and show it to me within one class period and I will change the grade to S. Let me reemphasize that there will be no credit allowed for homework submitted late unless you receive permission from me.

*Classroom Participation	You will be expected to enter into classroom discussions. This includes asking and answering questions, bringing real life situations into the classroom through initiating discussions about them, and your overall attitude demonstrated throughout the course. Everyone begins the course with 20 points automatically. Points will be deducted from the 20 points throughout the semester for failure to participate as expected. Any form of classroom activity that distracts from the learning process as determined by your instructor will result in such reduction of the 20 points.
Grades:		Final grades will be determined as follows:	Letter grades will be assigned as follows:
		First Exam Chapters 1-3 100 points Second Exam Chapters 4-6 100 points Third Exam Chapters 7-9 100 points Final Exam Chapters 1-12 100 points Participation 100 points Total possible points 500 points	A = 450-500 points B = 400-449 points C = 350-399 points D = 300-349 points F = Less than 300 points

TENTATIVE SCHEDULE

*Date*	*Class* *Minutes*	*Chapters*	*Topics*	*Class work*	*Homework to be turned in*	*Relationship of* *Homework* *to the College's* *Learning Goals*
January 14, 2008	30 20	1	Course Introduction and Review of Syllabus; Discussion of course requirements
16	15 35	1	Users of financial accounting; Accounting Equation and account classification;	MC 1-5; Problem 1-7B	1-1A, 1-2A
18	20 30	1	Financial Statements as a means of communication; Articulation of the financial statements	Homework starters	1-7A ; BTN 1-3	BSBA 2 BSBA 5
21			Holiday: No class
23	15 35	2	Accounting for Transactions: analyzing and recording	MC 1-5	Chapter 1 Homework Due
25	50	2	Use of the Accounting Equation in recording transactions	Pr 2-2B	Ex 2-1;2-4; 2-14
28	35 15	2	Double-entry accounting and posting; The trial balance	Homework Starters	Pr 2-2A;BTN 2-4	BSBA4 BSBA5
30	30 20	3	Preparing Financial Statements Accrual vs. cash basis financial statements	MC 1-5	Chapter 2 Homework Due
February 1	40 10	3	Deferrals and Accruals and the need for adjustment	Pr 3-1B
4	50	3	Adjusted trial balance and financial statements	Homework starters	Pr 3-2A; BTN 3-4	BSBA5 BSBA4
6	50		Exam No. 1 Chapters 1-3
8	25 25	4	Merchandising Operations; Discounts and transportation costs	MC 1-5;	Chapter 3 Homework Due
11	50	4	Perpetual and periodic inventory systems	Pr 4-2B	Ex 4-2;4-8;
13	25 25	4	Sales of merchandise; discounts; Returns and allowances	Homework Starters	Pr 1-4A; BTN 4-3	BSBA2 BSBA5
15	50	5	Accounting for inventories	MC 1-5;	Chapter 4 Homework Due
18	50	5	FIFO, LIFO, Weighted average methods	Pr 5-1B	Ex 5-1; 5-2; 5-5 BTN 5-3
20	20 30	5	Lower of cost or market valuation Perpetual and periodic systems revisited	Homework Starters		BSBA5 BSBA2
22	50	6	Internal Control principles	MC 1-5	Chapter 5 Homework Due
25	50	6	Control of cash receipts and cash disbursements	Ex 6-4; Pr 6-4A	Pr 6-1A; Ex 6-5	BSBA5
27	50	6	Banking and bank statement reconciliation	Homework Starters	Ex 6-8; BTN 6-3	BSBA2
29	50		Exam No. 2 Chapters 4-6
March 3	50	7	Accounting for receivables	MC 1-5	Chapter 6 Homework Due
5	50	7	Bad Debts and methods of estimating bad debts	Pr 7-2B; Ex 7-8	Pr 7-2A; Pr 7-3A	BSBA5
7	30 20	7	Notes receivable and dishonored notes	Homework Starters	Ex 7-6; BTN 7-4	BSBA 4
10-16			Spring Break!!
17	15 35	8	Accounting for long-term assets Plant assets and depreciation	MC 1-5	Chapter 7 Homework Due
19	30 20	8	Depreciation methods and reporting depreciation	Ex 8-5; Ex 8-12; Ex 8-13; 8-14	Pr 8-5A; Ex 8-11
21			Holiday: No class
24	20 30	8	Disposal of plant assets Natural resources and intangibles	Homework Starters	Ex 8-15; Ex 8-3; BTN 8-3	BSBA2
26	50	9	Defining current liabilities	MC 1-5	Chapter 8 Homework Due
28	30 20	9	Short-term notes payable and interest expense	Pr 9-1B; Pr 9-5B	Ex 9-5; Ex 9-6
31	50	9	Recording payroll and payroll liabilities	Homework Starters	Ex 9-7; Ex 9-1; BTN 9-3	BSBA2 BSBA5
April 2	50		Exam No. 3 Chapters 7-9
4	50	10	Defining long-term liabilities	MC 1-5	Chapter 9 Homework Due
7	10 40	10	Bond financing; issuances at par, premium, or discount	Ex 10-6	Pr 10-2A
9	50	10	Amortization of bond premium and discount	Homework Starters	Pr 10-3A; BTN 10-3	BSBA2 BSBA5
11	15 35	11	Corporate equity; characteristics of corporations	MC 1-5	Chapter 10 Homework Due
14	50	11	Stock issuance at par and in excess of par value	Ex 11-3; Ex 11-10 Ex 11-7	Pr 11-1A; Pr 11-2A
16	25 25	11	Dividends, stock splits and treasury stock	Homework Starters	Ex 11-2; BTN 11-3	BSBA2 BSBA5
18	50	12	The Statement of Cash Flows revisited	MC 1-5	Chapter 11 Homework Due
21	50	12	Operating, Investing and Financing activities	Ex 12-2; Ex 12-3 Ex 12-6; Ex 12-7	Pr 12-1A	BSBA5
23	15 35	12	Non-cash Investing and Financing activities; Direct and indirect method of reporting operating activities	Homework Starters	Pr 12-3A	BSBA5
25	50		Wrap-up and review for final		Chapter 12 Homework Due
28	50		Pre-final check-up; point reconciliation questions
May 2			Comprehensive Final Exam	5:15-7:15 PM	Place-TBA