Escolar Documentos
Profissional Documentos
Cultura Documentos
Cheryl Dyson, CA
OR
cdyson@ryerson.ca
TRS2-133
Thursdays 1:15pm -1:45pm
Thursdays 6pm 6:30pm
Fridays 5pm to 7pm
Joel Shapiro, CA
shapiro@ryerson.ca
TRS2-121
Tuesdays 5:30pm - 7pm
Wednesdays 1pm - 2pm
Thursdays 10am - 11:30am
Thursdays 5:30pm - 6:30pm
COURSE DESCRIPTION:
Designed for Accounting and Finance Majors, this course will introduce you to the interesting
and challenging field of Financial Accounting. Financial Accounting is a language designed to
capture, summarize, and communicate the economic facts about an organization in a set of
financial statements and the related descriptive notes. The course will focus on the principles of
accounting and reporting to various users that are external to the organization. Accounting 110
will emphasize the decision-makers or users. You will learn what information is provided in
financial statements and the uses and limitations of this information to various decision-makers.
COURSE OVERVIEW:
This course will
present the students with a general overview of the role of accounting in society
ensure that the students can use accounting concepts and techniques to prepare and
effectively communicate financial information including relevant ethical issues
ensure that students can explain how the preparation and use of accounting information is
influenced by different users needs
demonstrate how to solve problems and critically evaluate accounting information using
a variety of different cases
provide the foundation necessary for further study in accounting
TEXTBOOK, REQUIRED CALCULATOR & I>CLICKER:
Textbook:
John Friedlan. Financial Accounting A Critical Approach, 3rd Canadian Edition. McGraw-Hill
Ryerson.
Hard covered text, available in the Ryerson bookstore
Required Calculator:
The Accounting Area has established that a specific calculator must be used for accounting test
and exams. At present one of the following is required and available in the Ryerson Bookstore:
Royal XE24, Royal XE36, or Royal XE 48.
i>clicker 2:
The Accounting Area has established that a specific clicker must be used for this accounting
course. An i>clicker 2 remote is required and is available in the Ryerson Bookstore. The ISBN
number for the i>clicker 2 is 1-4292-8047-6.
INTERNET:
Students will be required to use the internet for their homework assignments. Lecture notes and
other course information will be posted on Blackboard: https://my.ryerson.ca
COURSE OBJECTIVES:
On completion of the course, students will be able to:
1. prepare financial statements using acceptable standards and techniques that meet the
needs of various users in realistic business contexts.
2. demonstrate the importance of ethics and values when preparing and evaluating financial
accounting information.
3. analyze, interpret and communicate financial accounting information for business
decision making.
Practiced
Assessed
Taught
LEARNING OUTCOMES:
GRADUATE SKILLS
Effective communication (written)
Effective communication (oral)
Effective communication (interpersonal)
Information literacy
Problem solving
Critical evaluation
Work autonomously
Work in teams
x
x
TEACHING METHODS:
This course will incorporate the following teaching/learning methods: lecture, class discussion,
clickers, group work and problem solving. Demonstration problems from the textbook will be
part of each class.
EVALUATION:
1. There will be 11 on-line homework assignments. Students will access the assignments on
the Lyryx website and their answers will be electronically graded. Ten out of the eleven
homework assignments will be included in the evaluation at one (1) mark each, totaling
10 marks. The homework window will be available for one week for each assignment.
Students can attempt the assignment as many times as they want within the week it is
available. The assignment will be available from 8 am on Tuesday 11 pm to Tuesday the
following week and will not be available afterwards. See Section Topics Sequence &
Schedule for the times during which these on-line homework assignments can be
completed. There will be no extensions or make-ups for these assignments.
Learning Objective: Demonstrate the importance of ethics and analyze and
interpret financial accounting information for business decision making.
2. One In-Class Quiz during the two hour break-out session will be held worth a total of 5
marks. The test will be 30 minutes in length and will consist of both theoretical and
technical questions.
Learning Objective: Provide further means by which the student can
demonstrate their knowledge and skills analyzing and interpreting financial
accounting information. Early feedback will be ensured since the quiz will be in
week 4.
3. Midterm #1 and Midterm #2 are each worth 15 marks. The midterms will be 1 and 1/2
hours in length in week 6 and week 10 respectively. Both midterms will consist of
approximately 40% theoretical and 60% technical questions.
Learning Objective: The students should be able to demonstrate their
application of the theory and techniques learned in chapters 1 to 4 for midterm
#1 and chapters 5 to 7 for midterm #2. They will analyze and interpret financial
accounting information.
4. I>clicker 2 participation is worth 5% of the students grade. Students will have the
opportunity to respond to multiple choice questions during every class using an
anonymous classroom response system. Although anonymous to the class, each clicker
has a unique signature so that marks will be assigned to the student's number as a result
of the registration process. Students must register their i>clicker 2 before the end of the
second week of classes. Note that responses are collected digitally by the classroom
response system and the resulting marks are non-negotiable. Clicker questions posed in
the first two weeks of classes are for practice only, and to help students get used to the
technology (none of the points generated during these two weeks are included in
determining the students' i>clicker mark). Clicker questions may be posed in any class
and at any time throughout each class. If you are late, or leave early, you may miss a
question and lose marks. A student will receive one point for each item to which they
respond. Students will also receive two bonus points for responding to all the
questions displayed during a given class (each student needs to answer at least 75% of the
questions in order to receive the two points). If you miss a class or forget to bring your
i>clicker, your mark for that class will be zero. The final clicker mark for a particular
student will be determined according to the following formula:
4
The grade for this course is composed of the mark received for each of the following components:
Method
On-line homework
In-class quiz
Midterm test #1
Midterm test #2
I>clickers
Final exam
TOTAL
Percent/Weight
10
5
15
15
5
50
100%
Due Dates
See Topics-Sequence & Schedule Homework window
Week 4
Week 6
Week 10
Throughout the course
TBA
Students will receive the results of the quiz, two midterms tests and the final exam within
two weeks of writing. Results of the final grade will be provided by the registrars office
only.
WK
Week of
Sept 5th
Topics
Chapter 1
The Accounting
Environment
Chapter 1
E1-3 (LO 2), E1-8
(LO 6)
Supplementary Info:
posted by Instructor
Sept
12th
Learning Objectives 1, 2,
3, 4, 5 & 6
Read page 1 to 23
Chapter 2
Financial Statements
Sept
19th
Learning Objectives 1, 2,
3, 4, 5
Read page 32 to 60
Chapter 3 Part 1
The Accounting Cycle
Sept
26th
Oct 3rd
Oct 10th
Test -on
Friday
Oct 14th
6:30pm
Chapter 3 Part 2
The Accounting Cycle
Lab 1 - Chapter 1
8am Tues Sept 6th
to 11 pm Tues
Sept 20th
Chapter 3, Part 1
E3-5 (LO 2, 5),
Chapter 3, Part 1
E3-8 (LO 2), E3-9 (LO 5),
E3-2 (LO 2, 5)
CASE: Kenaston
Convenience Store
(question posted on
blackboard, please
download/print a copy)
Chapter 3 Part 2
E3-16 (LO 2, 4,5)
Lab 2 - Chapter 2
8 am Tues Sept
13th to 11 pm Tues
Sept 20th
Chapter 3 Part 2
E3-1 (LO 4), E3-7
(LO 4)
Learning Objectives 4, 5,
6
Read page 112 to 119,
127 to 140
QUIZ Chapters 1 to 3
(Chapter 3 Part I only)
During two hour breakout session
Chapter 4
Income Measurement
and the Objectives of
Financial Reporting
Example of Accounting
Cycle: Sundre Trucking
Inc. (P3-17, p. 158 to 160)
Learning Objectives 1, 2,
3,4, 5, 6 & 7
Read page 169 to 183
and page 187 to 208
MIDTERM TEST #1
Chapters 1 to 4
Note: There will be no
lecture or break-out
session during week 6.
Lyryx On-Line
Homework
Assignment
Window
Chapter 2
E2-1 (LO 2), E2-19
part a and b (LO 1)
E2-10 (LO 1, 3)
Learning Objectives 1, 2,
3, 5, 6
Read page 88 to 111, 119
to 126
4
Chapter 4
E4-4 (LO 5, 6), E4-6
(LO 1, 2)
Chapter 4
E4-17 (LO 4), P4-2 (LO 1,
2, 3, 5, 6)
CASE: Pizzazz Pizza
Parlours Ltd. (pp. 202207)
Lab 3 - Chapter 3
Part 1
8 am Tues Sept
20th to 11pm Tues
Sept 27th
Lab 4 Chapter 3
Part 2
8 am Tues Sept
27th to 11 pm Tues
Oct 4th
Lab 5 - Chapter 4
8 am Tues Oct 4th
to 11 pm Tues Oct
11th
Oct 17th
Chapter 5
Cash Flow, Profitability
and the Cash Flow
Statement
Chapter 5
E5-6 (LO 3), E5-13
(LO 1, 3)
Chapter 5
E5-11 (LO 3), Cash Flow
Statement 1 - posted on
blackboard,
P5-12 (LO 1, 3)
CASE 6: Daphnes
Catering Ltd. (A-6 to A-7,
App.)
NO LAB
Chapter 6
E6-8 (LO 3), E6-16
(LO 3)
Chapter 6
E6-17 (LO 3), P6-6 (LO 3),
P6-2 (LO 1)
CASE: Anna Malover,
Veterinarian (P5-17,
pp287-288)
Lab 6 - Chapter 5
8 am Tues Oct
18th to 11 pm
Tues Oct 25th
Chapter 7
E7-4 (LO 3)
Chapter 7
E7-14 (LO 4), E7-20 (LO
2, 4)
E7-21 (LO 3, 4)
CASE: Discount Stores
Limited (question posted
on blackboard)
Lab 7 - Chapter 6
8 am Tues Oct
25th
11 pm Tues Nov
1st
Oct 24th
Oct 31st
Chapter 6
Cash and Receivables
Omit Time value of
money
Learning Objectives 1, 3
Read page 295 to 298
and page 306 to 316
Chapter 7
Inventory
Learning Objectives 1, 2,
3, 4, 5
Read page 354 to 377
10
Nov 7th
11
Test -on
Friday
Nov
11th
6:30pm
Nov 14th
MIDTERM TEST #2
Chapters 5 to 7
Note: There will be no
lecture or break-out
session during week 10.
Chapter 8
Capital Assets
Learning Objectives 1, 2,
3, 4, 5, 6
Read page 411 to 441
12
13
14
Nov
21st
Lab 8 Chapter 7
8 am Tues Nov 1st
11 pm Tues Nov
8th
Chapter 8
E8-6 (LO 2, 3, 6), E87 (LO 2, 3, 5)
E8-8 (LO 2, 3, 5),
Chapter 9
Liabilities
Learning Objectives 1, 2,
Read page 477-484
Chapter 9
E9-10 (LO 2)
Chapter 10
E10-2 (LO 2,3)
Nov
28th
Chapter 10
Owners Equity
Learning Objectives 1, 2,
3
Read page 556-574
REVIEW for Final
Exam
TBA
Final exam is
cumulative (covers all
content in the course)
Final Exam
Review some
technical concepts
Chapter 8
E8-4 (LO 2, 3, 5)
E8-17 (LO 2), P8-10 (LO
2, 3)
CASE 5: Champion
Hardware Limited. (p. A5 to A-6, App.)
Chapter 9
E9-9 (LO 2)
CASE 9: Good Quality
Auto Parts Limited (p. A10 to A-11, App.)
NO LAB
Lab 9 - Chapters
8
8 am Tues Nov
15th to 11 pm Tues
Nov 22nd
Chapter 10
E10-10 (LO 2, 3)
Cash Flow Statement 2 posted on blackboard
Sample Case 2 Posted on
blackboard
Lab 10 - Chapter
9 & Lab 11
Chapter 10
8 am Tues Nov
22nd to 11pm Tues
Nov 29th
7
CRITICAL DATES:
The final date to drop the course is on Friday November 11th.
OTHER COURSE ISSUES:
Final Exam:
Students must pass the final examination to pass the course. For example if a student receives
a B on their term work, but receives less than 50% on the final examination, they will receive an
F in the course. The final grade is determined based on the addition of the passing grade for the
final exam and the grades for the term work, consisting of two midterms, one quiz, i>clicker
mark and the on-line homework assignments, weighted according to TABLE 1 on page Error:
Reference source not foundError: Reference source not foundError: Reference source not found.
Student Solutions Manual:
On Blackboard students will have access to the following solutions:
odd-numbered exercises
odd-numbered problems for the Friedlan text.
In-Class Discussion Cases. Cases from the text will be assigned each week. The purpose of this
part of the course is to introduce you to accounting case analysis. This is a very important
component of our accounting program and the professional accounting qualification process. The
cases will be very challenging. Working on the case analysis will help you prepare for the case
questions on the midterm and final exams. The break-out instructor will provide guidance on
analyzing each weeks case in class.
LATE ASSIGNMENTS:
Students must complete the online assignments before the deadline. Failure to do so will
result in a zero grade. See Topics Sequence & Schedule for the scheduled times. There are
no exceptions or make-ups for missing the online assignments.
COURSE REPEATS:
Ryerson Senate GPA policy prevents students from taking a course more than three times (i.e.,
registered initially, repeated once, repeated twice = 3 registrations). If you fail a required course
for the third time, you will be assigned an academic standing of Withdrawn, and will be
ineligible to continue in your program.
VARIATIONS WITHIN THE COURSE:
Students are responsible for all content covered in the textbook as well as content discussed
during all scheduled classes.
graduate, or for eight (8) years, whichever comes first. If you receive this in the first half of
your program, you may undergo a petition process to have it removed in your last year.
Students who commit academic misconduct a second time shall be placed on Disciplinary
Suspension (DS) for up to two years, at which time they may apply for reinstatement to a
program. The designation DS shall be placed on their permanent academic record and
official transcript. The notation shall remain until students graduate, or for eight (8) years,
whichever comes first.
Disciplinary Withdrawn standing (DW) shall be permanently noted on students academic
records and official transcripts.
Expulsions shall be permanently noted on students academic records and official transcripts.
NOTE: Students may not drop a course when they have been notified of the suspicion of
academic misconduct. If a student attempts to drop the course, the Registrars office will reregister the student in that course until a decision is reached.
When an instructor has reason to suspect that an individual piece of work has been
plagiarized, the instructor shall be permitted to submit that work to any plagiarism detection
service.
An appeal may be filed only if the issue cannot be resolved appropriately. Failure to deal
with a situation as soon as it arises will jeopardize any appeal.
Students who believe that an assignment, test, or exam has not been appropriately graded
must review their concerns with their instructor within 10 working days of the date when the
graded work is returned to the class.
Excellent
Good
Satisfactory
Letter Grade
Grade Point
Conversion Range
A+
4.33
90-100
4.00
85-89
A-
3.67
80-84
B+
3.33
77-79
3.00
73-76
B-
2.67
70-72
C+
2.33
67-69
2.00
63-66
12
Marginal
Unsatisfactory
C-
1.67
60-62
D+
1.33
57-59
1.00
53-56
D-
0.67
50-52
0.00
0-49
13