ACCOUNTING (AIM) 6201

FINANCIAL ACCOUNTING
SPRING 2006

Lecturer: Laura Bolding

Office Hours: By appointment
Email: laurabolding@hotmail.com

1. Course Objectives: After completing this course, you should be able to use and understand financial accounting
information for making business decisions.

2. Required Text: Financial Accounting – A Business Process Approach by Jane Reimers (ISBN – 0-13-078482-6).

3. Attendance: This course meets only 7 times over the next 8 weeks. Attending every class will be extremely beneficial
to your success in this class.

4. Course Grading: Your course grade will be earned as follows:

Project – 10%
Mid-Term Exam – 40%
Final Exam – 50%

5. Exams: YOU MUST TAKE EXAMS WHEN SCHEDULED.

6. Daily Routine: As you read each chapter, work the Study Break questions in the textbook. The Study Break
questions will help you learn the basic material and actually save you time in studying. Bring your textbook to class as
a reference to use as we go over the material. PLEASE TURN YOUR CELL PHONES OFF.

7. Homework: Various homework exercises and problems will be assigned throughout the course. It will be beneficial
to you to do all the assigned homework problems, as these will help you in preparing for the exams.

8. Group Study: Feel free to work in groups. Organize into study groups, and work the daily assignments together.

Academic Dishonesty
Candidates are expected to be above reproach in scholastic activities. Candidates who engage in scholastic dishonesty are subject
to disciplinary penalties, including the possibility of failure in the course and dismissal from the University. “Scholastic
dishonesty includes, but is not limited to cheating, plagiarism, collusion, the submission for credit of any work or materials that
are attributable in whole or in part to another person, taking an examination for another person, any act designed to give unfair
advantage to a student or the attempt to commit such acts.” Since scholastic dishonesty harms the individual, all candidates, and
the integrity of the University, policies on scholastic dishonesty will be strictly enforced.
 Class Chapter
Date Topic Reference

1/9, Introduction to Financial Chapter 1,

1/10 Accounting Chapter 2
-Regulatory Framework (SEC, FASB,
GAAP)
-Qualities of Accounting Information
-Elements of Financial Statements

1/9, Chapter 3,
1/10 The Accounting Process Chapter 4
-Accruals and Deferrals
-The Accounting Cycle

1/23, Purchase and Use of Business

1/24 Assets Chapter 5
-Depreciation vs. Capitalization
-Depreciation Methods
-Depletion

1/23,
1/24 Inventory & Liabilities Chapter 6

1/30,
1/31 Sales and Collection Cycle Chapter 7
-Revenue Recognition
-Accounts Receivable

1/30,
1/31 Long-Term Debt & Bonds Chapter 8
-Time Value of Money
-Bond Issuance

MID-TERM
2/6, 2/7 EXAMINATION CHAPTERS 1 -7

2/13, FINISH CHAPTER 8 &

2/14 Shareholder's Equity Chapter 9
-Issuance of Common Stock
-Dividends
-Treasury Stock

2/20,
2/21 Statement of Cash Flows Chapter 10

2/20,
2/21 Financial Statement Analysis Chapter 11
2/27,
2/28 Final Exam
Homework Problems

Short
Exercises
Chapter (SE) Exercises (E) Problems (P)

1 1-7 1-3A (a,c,d), 1-2B, 1-5B

2 2-3 2-5 2-1A, 2-2A, 2-1B(a,c), 2-4B
3 3-2, 3-4, 3-11 3-1A(a), 3-5B, 3-8B
4 4-1, 4-6 4-6 4-4A, 4-2B
5 5-8, 5-11, 5-12 5-2, 5-6 5-5A
6 6-1 6-7, 6-8 6-7A, 6-8B, 6-11B
7 7-15 7-3, 7-6 7-5A, 7-6A(d), 7-4B(1,3,4)
8 8-3, 8-8 8-4A, 8-6A, 8-8B
9 9-13, 9-17 9-4 9-4A, 9-1B
10-3A, 10-6A, 10-1B(a),
10 10-5, 10-6 10-8B
11 11-2, 11-4 11-3A, 11-5B