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ACG 6027 – Section 001

CRN 13316
Financial Accounting Concepts
Spring 2019
Distance Learning

Professor Information
Jian Cao
Office Address: Barry Kaye Hall 125
Email Address: jcao@fau.edu
Phone Number: 561-297-3727

Office Hours
Office Hours: Tuesdays 3:00pm-4:00pm (Canvas Chat Tool or Canvas Conferences)
& other times by appointment

Required Text and Materials


Financial & Managerial Accounting for Decision Makers, 3e, by Dyckman, Hanlon, Magee,
Pfeiffer, Hartgraves, Morse. 2018. ISBN: 978-1-61853-234-3. Financial Accounting Chapters.

Textbook Website: https://mybusinesscourse.com/book/financial-managerial-accounting-


decision-makers-3e.

This book will be available through the publisher’s website and FAU Bookstore. There are also
various on-line bookstores, which I can’t suggest, or recommend.

eLecture Videos: https://mybusinesscourse.com/

Canvas: canvas.fau.edu.
Canvas Student Guide: https://community.canvaslms.com/docs/DOC-4121.

If you wish to discuss your support needs with the Helpdesk, you may contact the helpdesk toll-
free by calling 866-885-8325 or locally at 561-297-3999.

Course Description
Principles applicable to the accounting cycle, asset valuation, income determination, financial
reporting, basic business taxes, and owner's equity. Available only to graduate students lacking
an undergraduate course in accounting.

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Course Prerequisites and Credit Hours
Prerequisite: Graduate standing (3 Credit Hours)
The minimum grade for College of Business requirements is a “C”. This includes all courses that
are a part of the pre-business foundation, business core, and major program. In addition,
courses that are used to satisfy the university’s Writing Across the Curriculum and Gordon Rule
math requirements also have a minimum grade requirement of a “C”.

Course Learning Objectives


 Analyzing and valuing the impact of business transactions on financial statements;
 Reporting and analyzing the balance sheet and income statement;
 Reporting and analyzing the statement of cash flows;
 Applying the basics of financial statement analysis.

Grading

Point Distribution Grading Scale


Point Percentage Grade
DESCRIPTION POINTS PERCENTAGE 121-130 93-100 A
AVAILABLE 117-121 90-92.9 A-
Exams (2) 70 54% 113-117 87-89.9 B+
109-113 84-86.9 B
Group Work & 20 15% 104-109 80-83.9 B-
Participation 100-104 77-79.9 C+
Homework Quizzes 40 31% 96-100 74-76.9 C
91-96 70-73.9 C-
TOTAL POINTS 130 100% 87-91 67-69.9 D+
83-87 64-66.9 D
† All grades will be posted on Canvas. 78-83 60-63.9 D-
0-78 0-59.9 F
Course Evaluation Method
Your success in this class will depend on your class preparation and participation as well as
project, exams and quizzes. The key to success in this course is summed up as follows:

T = Time Management (Crucial for success)


O = Optimism (“Thou Shall not Whine”)
P = Preparedness & Participation (Be ready!!!)
S = Strive for Success (You have to want it!)

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Exams
There will be two online exams given in this course. The exams will cover the textbook material,
lectures and class discussions. The exams may be in the form of multiple-choice, problem-
solving and short-answer questions. A tentative schedule for each exam is as indicated on the
course schedule. Make-up exams will be given ONLY for documented sickness or hospitalization
and for athletes on road trips. However, you must contact the instructor PRIOR to the exam
date. If an exam is missed for reasons other than the above circumstances then the make-up
exam will carry a 10% penalty for each day that it is not taken.

Online Proctored Exams


The FAU College of Business has hired an outside company, Software Secure, to proctor your
online exams using products called Remote Proctor NOW. This system offers two important
benefits: 1) It allows you to continue taking exams anywhere online, and 2) it helps to protect
the academic integrity of the course by verifying your identity and ensuring that the final exam
is completed honestly by all students.

Hardware requirements for taking online proctored exams include:


 A well-functioning computer.
 A stable Internet connection. A hard line is better than WiFi.
 A webcam.
 Your FAU Owl Card (or other government-issued photo ID).
Please watch the video tutorial “Student Training: How to use RPNow” for detailed information
on setting up and taking online proctored exams located here.

A non-graded practice exam will be given a few weeks prior to the actual exam to allow you to
familiarize yourself with the online proctoring system. You will be allowed to take the practice
exam as many times as you like.

Group Work & Participation


Although attendance is not required in an online environment, much of what we will do in this
class will involve group work and online threaded discussions. Group work has proven to be
quite useful to encourage active learning and develop critical-thinking and communication
skills, despite difficulties in an online environment. Group work will involve one financial

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statement analysis project and the requirements will be forthcoming. Threaded discussions
may involve cases, problems, or management applications presented in the textbook.
Participation in the threaded discussions is expected and rewarded. A portion of your grade will
be based on questions you “answer” during class. You may prefer to attend all threaded
discussions. You should do your best to communicate clearly and with good spelling and
grammar, and to always read and follow instructions. You will be graded on the quality and
quantity of your involvement in threaded discussions. Overall, group work and class
participation constitute approximately 19% of your grade.

Quizzes
There will be 10 online quizzes accessed via myBusinessCourse. Each quiz allows two attempts
and the higher score/percentage you achieve among the two will be your grade for that quiz.
Make sure you are comfortable with the material covered during the week before you take the
quiz. Minimum preparation for quizzes may include reading the textbook material, reading the
lecture notes, and practicing the example problems. You will be able to complete the quiz
during the release window at a time of your choosing. Quizzes are typically available from
Monday to Sunday during the lesson week. Once the release window is closed, the quiz will no
longer be available. The lowest two quiz scores will be dropped; however there will be NO
make-up quizzes during the semester. The objectives of the quizzes are as follows:

1. Allow you to assess your progress in the course


2. Encourage you to keep up in the class
3. Enable you to learn the material.

Class Preparation and Example Problems


In order to prepare for threaded discussions and quizzes you should read the textbook chapter
and other assigned reading prior to when these topics are covered in lesson units. Best
preparation will result if chapters for the week are read prior to the week of coverage in order
to analyze the concepts and develop questions and participate in threaded discussions. A
second reading after the discussion is suggested. You should use the assignment schedule as a
guide for your class preparation. The assignment schedule is just TENTATIVE and the professor
reserves the right to change the schedule during the semester.

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The class lectures and discussion supplement the textbook and other materials. Therefore, you
are responsible for BOTH the text and lecture material. Chapter notes will be provided on
Canvas for your review.

We will utilize many of the chapter exercises and problems as examples in class to understand
the concepts. Example exercises and problems are listed as detailed in the course schedule.
Supplements are provided when necessary. The solutions to these problems have been placed
on Canvas so you may refer to them if we do not have time to cover them in class. These
problems are essential to your preparation of quizzes and exams. For this reason, you may want
to practice as much as possible. Reading the solutions alone does not guarantee you a true
understanding or problem-solving capabilities.

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Additional Course Policies
To guarantee you the full opportunity for maximum learning in this class, the following ground
rules also apply:

1. Looking at notes, handouts, problem sets, or exams from prior semesters all constitute
violations of the Honor Code.
2. Discussion of the weekly problem sets and cases with other students in the class is strongly
encouraged.
3. Students are expected to work independently unless an assignment specifically requests
otherwise, and all written work must be developed for this course alone and may not have
been submitted in a previous course, and many not be concurrently submitted in another
course. Students found to be submitting work that is not their own will be deemed in
violation of the Honor Code.
4. Exams and quizzes prohibit the use of cell phone, email, and the Internet to plagiarize.
Examples of academic misconduct include, but are not limited to: providing or receiving
information during the examination, providing or using assistance during the examination,
using Internet resources to assist in answering exam questions, copying full text information
from the Internet.
5. After the course is over, you will not provide any materials from the class to students who
will take the class in the future.
6. Written components of any assignment or project may be submitted to anti-plagiarism
software to evaluate the originality of the work. Any students found to be submitting work
that is not their own will be deemed in violation of the University’s honor code.

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Course Outline

Week Class Chapter Class Example Quizzes &


Starts Problems Assignments
1 Jan. 7 Course Intro; Self-intro Video
myBusinessCourse Registration (Due: 01/13)
2 Jan. 14 1 Introducing Financial E1-27; E1-29; E1-30; E1-31; E1- Quiz #1
Accounting 35; P1-37; P1-41; P1-44
3 Jan. 21 2 Constructing Financial M2-16; M2-21; M2-22; M2-23; Quiz #2
Statements M2-33; E2-37; E2-44; E2-47; E2-
48; P2-55; P2-57; P2-58; P2-64;
P2-67; P2-68
4 Jan. 28 3 Adjusting Accounts for E3-31; E3-32; E3-34; P3-41; P3- Quiz #3; Threaded
Financial Statements 44; P3-54 Discussion 1
5 Feb. 4 4 Statement of Cash Flows E4-34; E4-35; E4-41; E4-42; E4- Quiz #4
44; P4-45; P4-51
6 Feb. 11 5 Analyzing and Interpreting M5-22; M5-24; E5-32; P5-38; Quiz #5
Financial Statements P5-39; P5-40
7 Feb. 18 Exam Review
8 Feb. 25 Exam 1 (2/28-3/2; Chap. 1-5)
9 Mar. 4 No classes, Spring Break
10 Mar. 11 Financial Analysis Project Project Due
11 Mar. 18 6 Revenues, Receivables, and E6-27; E6-28; E6-30; E6-34; E6- Quiz #6; Threaded
Operating Income 35; E6-36; E6-40; E6-41; P6-42 Discussion 2
12 Mar. 25 7 Inventory E7-27; E7-28; E7-30; E7-12 Quiz #7
13 Apr. 1 8 Long-Term Operating Assets E8-22; E8-23; E8-26: E8-30; E8- Quiz #8
31; P8-37; P8-38
14 Apr. 8 9 Liabilities E9-38; E9-39; E9-40; E9-45; E9- Quiz #9; Threaded
46; P9-53; P9-54 Discussion 3
15 Apr. 15 11 Stockholders’ Equity E11-39; E11-40; E11-41; E11- Quiz #10
42; E11-43; E11-45; E11-47;
E11-49; P11-55; P11-58; P11-59
16 Apr. 22 Exam Review
Finals Exam (4/25-4/27; Chap. 6-9&11)

Apr. 5: Last day to withdraw from a course without receiving an “F” in the course
Note: Lessons assignments are listed for the entire semester, just to give you a heads up on what might
lie ahead, but all future lessons are subject to change before they become current. So please don't work
on the problems and lesson assignments before the week in which they are current and due.

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Selected School, University and College Policies

Code of Academic Integrity Policy Statement


Students at Florida Atlantic University are expected to maintain the highest ethical standards.
Academic dishonesty is considered a serious breach of these ethical standards, because it
interferes with the university mission to provide a high quality education in which no student
enjoys an unfair advantage over any other. Academic dishonesty is also destructive of the
university community, which is grounded in a system of mutual trust and places high value on
personal integrity and individual responsibility. Harsh penalties are associated with academic
dishonesty.

For more information, please see FAU Regulation 4.001 at: FAU Regulation 4.001.

Disability Policy Statement


In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), students who
require reasonable accommodations due to a disability to properly execute coursework must
register with Student Accessibility Services (SAS) and follow all SAS procedures. SAS has offices
across three of FAU’s campuses – Boca Raton, Davie and Jupiter – however disability services
are available for students on all campuses.

For more information, please visit the SAS website at http://fau.edu/sas/

Counseling and Psychological Services (CAPS) Center


Life as a university student can be challenging physically, mentally and emotionally. Students
who find stress negatively affecting their ability to achieve academic or personal goals may wish
to consider utilizing FAU’s Counseling and Psychological Services (CAPS) Center. CAPS provides
FAU students a range of services – individual counseling, support meetings, and psychiatric
services, to name a few – offered to help improve and maintain emotional well-being.

For more information, go to http://www.fau.edu/counseling/

Religious Accommodation Policy Statement


In accordance with rules of the Florida Board of Education and Florida law, students have the
right to reasonable accommodations from the University in order to observe religious practices,
observances, and beliefs with regard to admissions, registration, class attendance and the
scheduling of examinations and work assignments.

For further information, please see FAU Regulation 2.007 at: FAU Regulation 2.007.

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University Approved Absence Policy Statement
Students are expected to attend all of their scheduled University classes and to satisfy all
academic objectives as outlined by the instructor. The effect of absences upon grades is
determined by the instructor, and the University reserves the right to deal at any time with
individual cases of non-attendance.

Students are responsible for arranging to make up work missed because of legitimate class
absence, such as illness, family emergencies, military obligation, court-imposed legal
obligations or participation in University-approved activities. Examples of University-approved
reasons for absences include participating on an athletic or scholastic team, musical and
theatrical performances and debate activities. It is the student’s responsibility to give the
instructor notice prior to any anticipated absences and within a reasonable amount of time
after an unanticipated absence, ordinarily by the next scheduled class meeting. Instructors will
allow each student who is absent for a University-approved reason the opportunity to make up
work missed without any reduction in the student’s final course grade as a direct result of such
absence.

Incomplete Grade Policy Statement


A student who is passing a course, but has not completed all work due to exceptional
circumstances, may, with consent of the instructor, temporarily receive a grade of incomplete
(“I”). The assignment of the “I” grade is at the discretion of the instructor, but is allowed only if
the student is passing the course.

The specific time required to make up an incomplete grade is at the discretion of the instructor.
However, the College of Business policy on the resolution of incomplete grades requires that all
work required to satisfy an incomplete (“I”) grade must be completed within a period of time
not exceeding one calendar year from the assignment of the incomplete grade. After one
calendar year, the incomplete grade automatically becomes a failing (“F”) grade.

Withdrawals
Any student who decides to drop is responsible for completing the proper process required to
withdraw from the course.

Grade Appeal Process


A student may request a review of the final course grade when s/he believes that one of the
following conditions apply:
 There was a computational or recording error in the grading.
 Non-academic criteria were applied in the grading process.
 There was a gross violation of the instructor’s own grading system.

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The procedures for a grade appeal may be found in FAU Regulation 4.002.

Disruptive Behavior Policy Statement


Disruptive behavior is defined in the FAU Student Code of Conduct as “... activities which
interfere with the educational mission within classroom.” Students who behave in the
classroom such that the educational experiences of other students and/or the instructor’s
course objectives are disrupted are subject to disciplinary action. Such behavior impedes
students’ ability to learn or an instructor’s ability to teach. Disruptive behavior may include, but
is not limited to: non-approved use of electronic devices (including cellular telephones); cursing
or shouting at others in such a way as to be disruptive; or, other violations of an instructor’s
expectations for classroom conduct.

Faculty Rights and Responsibilities


Florida Atlantic University respects the right of instructors to teach and students to learn.
Maintenance of these rights requires classroom conditions which do not impede their exercise.
To ensure these rights, faculty members have the prerogative:

 To establish and implement academic standards


 To establish and enforce reasonable behavior standards in each class
 To refer disciplinary action to those students whose behavior may be judged to be
disruptive under the Student Code of Conduct.

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