COLLEGE OF BUSINESS & PUBLIC AFFAIRS
Course Data Sheet
Spring Semester 2007
Course Number and Title:	Accounting 201; Financial Accounting for Decision Making
Course 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 B.S.B.A. Mission	Students will: BSBA 2 – have an understanding of the ethical business aspects. CBPA 4 – demonstrate effective verbal and written communication skills. CBPA 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 Requests	“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 2007
Office:	229B Business Administration	Phone:  (731) 881-7305 or (731)-352-5797
E-mail:	bputman@utm.edu	Fax:  (731) 881-7241
Web Location :	http://www.utm.edu:/~bputman/	Office Hours: 9:00-11:00 and 1:00-2:30 Tu and Thurs; 9:00-12:00 Wednesday
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 two unexcused absences are excessive. For each unexcused absence in excess of two, one (1) point will be deducted from the total of 20 allowed as part of your participation 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:
		A = 450-500 Pts B = 400-449 Pts C = 350-399 Pts D = 300-349 Pts F = LT 300 Pts First Exam 100 Points Second Exam 100 “ Third Exam 100 “ Final Exam 100 “ Participation* 100 “ Total 500 Points * See preceding discussion on how to earn these 100 points

Tentative Class Schedule
Date	Chapters	Topics	Class work	Homework to be turned in	Relationship of Homework to the College's Learning Goals
January 16	1	Course Introduction and Review of Syllabus
18	1	Accounting in Business The Accounting Equation	MC 1-5; Problem 1-7A
23	1	Financial Statements as a means of communication	Home-work starters	1-1B;1-3B;1-4B;1-5B;1-6B;; BTN1-4	BSBA 3 BSBA 4
25	2	Accounting for Transactions: Journal Entries and the	MC 1-5 Pr 2-1A	Chapter 1 Homework Due
30	2	Accounting Equation	Homework Starters	Ex 2-8;2-9;Pr 2-2B;BTN 2-3	BSBA2 BSBA5
February 1	3	Preparing Financial Statements Adjustments and	MC 1-5; Pr 3-7A	Chapter 2 Homework Due
6	3	Accrual Basis versus Cash Basis Financial Statements	Homework Starters	Ex 3-13;3-14;Pr 3-4B; BTN 3-9	BSBA5 BSBA4
8	Exam-1	Chapters (1-3)
13	4	Accounting for Merchandising Operations	MC 1-5;Pr 4-3A	Chapter 3 Homework Due
15	4	Sales discounts and returns; Inventory methods	Home-work Starters	Ex 4-2;4-3;4-8;Pr 4-1B;BTN4-3	BSBA5 BSBA2
20	5	Accounting For Inventories Perpetual and periodic	MC 1-5; Pr 5-1A	Chapter 4 Homework Due
22	5	FIFO, LIFO, Weighted average methods	Homework Starters	Ex 5-1;5-9;Pr 5-3B;5-4B BTN 5-4	BSBA4
27	6	Accounting for Cash and Internal Controls	MC 1-5; Pr 6-3A;6-5A	Chapter 5 Homework Due
March 1	6	Accounting for Cash	Homework Starters	Pr 6-1B;6-2B; 6-4B;BTN6-7	BSBA5
6	Exam-2	Chapters (4-6)
8	7	Accounting for Receivables	MC 1-5; Pr 7-3A	Chapter 6 Homework Due
12-16		Spring Break!!!
20	7	Bad Debts and Allowances; Notes Receivable and Interest	Homework Starters	Ex 7-8;Pr 7-2B;Pr 7-4B; BTN 7-3	BSBA2 BSBA5
22	8	Accounting for Long-Term Assets	MC 1-5; Pr 8-1A; Ex 8-5;	Chapter 7 Homework Due
27	8	Depreciation; Depletion; Amortization; Disposals	Homework Starters	Ex 8-7; 8-11; 8-13; 8-14; Pr 8-3B; BTN 8-1	BSBA4 BSBA5
29	9	Accounting for Current Liabilities	MC 1-5; EX 9-5; Pr 9-4A	Chapter 8 Homework Due
April 3	9	Payrolls and Payroll Taxes; Notes and interest payments	Homework Starters	Ex 9-1; Pr 9-1B; Pr 9-5B; BTN 9-4	BSBA 4
5	Exam-3	Chapters (7-9)
10	10	Accounting for Long-Term Liabilities	MC 1-5; Pr 10-2A; 10-4A	Chapter 9 HomeworkDue
12	10	Bonds Payable; Issue price; interest and premium (discount) amortization	Homework Starters	Ex 10-7; Pr 10-3B; Pr 10-5B; BTN 10-4	BSBA 4
17	11	Accounting for Equity	MC 1-5; Pr 11-2A	Chapter 10 Homework Due
19	11	Preferred and Common Stock; Dividends	Homework Starters	Ex 11-3; 11-5; Pr 11-4B; BTN 11-3	BSBA2
24	12	Accounting for Cash Flows	MC 1-5; Ex 12-1;	Chapter 11 Homework Due
26	12		12-5; 12-8; 12-9
May 8 3:00-5:00 PM	Final Exam	Chapters 1-12 (Comprehensive)		Place-TBA

Important dates during this semester:

Last day to add a course or drop with 100% refund……January 22

Mid-term progress reports due………………………….March 5

Spring break………………………………………….March 12-16

Last day to drop a course……………………………….March 9

Final Exam (3:00-5:00 pm)……………………………..May 8