Linfield College

Course Syllabus

Spring Term 2007

Course:

BUS 260

Financial Accounting (computer mediated)

3 credit hours

Instructor:

Al Weidinger

1404 N.E. 3rd Street Suite 103

Bend, OR 97701

aweidinger@msn.com

voice mail: 541-382-1983

fax: 541-312-4392

Course Description:

Basic concepts and methods of financial reporting, including basic financial statements, accounting cycle, asset valuation, income determination and essential accounting records.

Course Prerequisites:

MAT 115 Intermediate Algebra (or equivalent). May be taken concurrently with this course.

Instructional Materials:

1. Textbook

Financial Accounting

5th edition 2005

Weygandt, Kieso and Kimmel

John Wiley & Sons, Inc.

ISBN: 0-471-65527-9

The textbook can be purchased at the bookstore or online at:

www.linfieldbookstore.com

2. Software

Microsoft Excel and/or Microsoft Word

You will also need to get the free downloads for:

(a) Adobe Acrobat Reader. Go to www.acrobat.com and click on “Get Adobe Reader.

(b) PowerPoint Viewer. Go to:

http://www.microsoft.com/downloads/details.aspx?FamilyId=428D5727-43AB-4F24-

90B7-A94784AF71A4&displaylang=enwww.acrobat.com and click on “Download

Suggested (but not required) Materials:

Study Guide,5th edition 2005

Douglas W. Kieso

John Wiley & Sons, Inc.

ISBN: 0-471-68410-4

Course Requirements:

During the term we will cover the following chapters of the textbook:

Chapter 1: Accounting in Action

Chapter 2: The Recording Process

Chapter 3: Adjusting the Accounts

Chapter 4: Completion of the Accounting Cycle

Chapter 5: Accounting for Merchandise Operations

Chapter 6: Inventories

Chapter 7: Accounting Principles

Chapter 8: Internal Control and Cash

Chapter 9: Accounting for Merchandise Operations

Chapter 10: Plant Assets, natural Resources and Intangible Assets

Chapter 12: Corporations: Organization, Stock Transactions, Dividends and Retained Earnings

Students will be required to:

1. read and understand the materials in the textbook

2. prepare solutions (in Excel) to a selected problem from the textbook and send

to me via the Homework In-Box tool.

3. take an online quiz (multiple choice)

In addition, students will take (online) a midterm exam (Chapters 1 – 6) and a final exam (chapters 7 – 12).

Major Assignments: Points

Week 1 assignments 0

Chapter quizzes 110

Problems from the text 220

Midterm exam (Chap 1-6) 100

Final exam (Chap 7-12) 100

Total 530

Practice assignments

During the first week of the term I will assign 4 simple exercises (ungraded). These exercises are designed to help you learn how to use some of the tools within WebCT.

The exercises include:

1. Self introduction (using the Discussion Board)

2. Message to the instructor (using Private Mail)

3. Practice Quiz (using the online quiz tool)

4. Excel assignment (using the Assignment Drop tool)

Chapter quizzes: There 11 online quizzes (1 for each chapter). Each quiz contains 10 multiple choice questions. You will have 45 minutes to complete each quiz. Some of the questions are taken from the optional non-graded self-quiz; others are new questions.

Problems from the text: For each chapter I will assign problems from the text.

Each assignment is worth 20 points. Your solutions are to be prepared in MS Excel and submitted to me via the Homework In-Box. They will be grades as follows:

1. Submitted and complete = 20 points

2. Submitted but not complete = 10 points

3. Not submitted = 0 points

It is therefore extremely important to complete the problem and submit it on time, even if it is not “perfect”. I will post the authors’ master solution the following week so that you can compare your solution to theirs and rework missed problems as preparation for the midterm and final exams.

NOTE: Assignments not submitted by the posted due date will NOT be accepted for

Credit, unless an extension has been applied for before the due date!

Midterm and final exams: These exams (taken online) will contain 33 multiple choice questions. Some of the exam questions are taken from the chapter quizzes; others are new questions. You will have 3 hours to complete the exams. Chapters covered are:

Midterm chapters 1 – 6

Final chapters 7 – 12

Grading Criteria:

Grades are awarded based on the total number of points earned by completing the major assignments.

477 and above A

424-476 B

371-423 C

318-370 D

317 and below F

special cases I (Incomplete)

(A grade of I may be given when the quality of work has been satisfactory but some MINOR BUT ESSENTIAL requirement of the course has not been completed. If the work is not completed within a year, the grade will change to F).

My grading policy is intended to make the course as non-competitive and collaborative as possible in an online course. Students are especially encouraged to contact each other and to share ideas from the textbook, to prepare for exams and quizzes and to work out solutions to the exercises and problems. You are not competing against your classmates, only yourself.

+ or – grades will not be assigned. However, if students are within 5 points of the next higher grade, the higher grade will be awarded. A student who earns 472

points will receive an A, while a student who earns 471 points will receive a B and not a B +.

Accommodation

If you have a disability and need an accommodation, please contact me via Private Mail. Students requesting accommodations must provide documentation of disability and should work through their advisor or The Director Of Learning Support Services at Linfield.

Academic Integrity

Students of Linfield College are expected to behave as responsible members of the college community and to be honest and ethical in their academic work. Linfield strives to provide students with the knowledge, skills, judgment, and wisdom they need to function in society as educated adults. To falsify or fabricate the results of one's research; to present the words, ideas data, or work of another as one's own; or to cheat on an examination corrupts the

essential process of higher education

Miscellaneous:

Students who have not communicated with me via email, voice mail or in person by the end of the second week of the term will be automatically dropped from the class.