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ACC 230
Uses of Accounting Information I
Tuesday 6:30 - 9:10 p.m.
Spring 2005
January 18 to May 10


Instructor: Sue Sandblom
Phone: (480) 391-1646 (before 10 p.m.)
Home page: http://www.sc.maricopa.edu/people/sandblom
E-mail: suesandblom@yahoo.com
Office Hours: By appointment
Fax: (480) 423-6421


Supplies Required

Online textbook: Accounting Principles - Weygandt, Kieso, Kimmel. Seventh Edition. Wiley.

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Calculator: Any type
E-mail Account
Internet Access
Business Newspaper

Transferability

This class transfers to ASU, NAU, and U of A as ACC 230.


Attendance Policy

Anyone absent for more than two classes may be automatically dropped from the class. Two late arrivals or two leaving class early constitute an absence. However, if you wish to drop this class it is your responsibility to do so. If you are absent, you must submit the in-class assignment and team project individually the following class. Failure to do so will result in a zero for that week's team project.


Official Course Description:

Introduction to the uses of accounting information for internal and external purposes, with emphasis on financial statement analysis. Prerequisites: Grade of “C” or better in ACC 111 or ACC 211, or a grade of "C" or better in (ENG 101 and MAT 151 and CRE 101), or equivalent, or satisfactory score on District placement exam.


Course Competencies:

  1. Explain internal and external users’ need for accounting information.
  2. Identify key accounting organizations and explain their role in business.
  3. Explain the development and significance of generally accepted accounting principles (GAAP).
  4. Describe current GAAP concepts.
  5. Describe the role of auditing in business.
  6. Use the basic accoounting equation to analyze transactions.
  7. Describe the difference between the accrual and the cash basis of accounting.
  8. Identify and explain the components of an annual report.
  9. Analyze the individual components of a balance sheet, income statement, owners’ equity, and statement of cash flows.
  10. Cite the sources and references external users need to analyze business organizations.
  11. Identify procedures used to analyze a set of financial statements for an organization.
  12. Practice and apply skills in oral and written communication and teamwork to analyzing and presenting accounting information.


My Teaching Philosophy

"Tell me and I’ll listen. Show me and I’ll understand. Involve me and I’ll learn."
Tenton Lakota Indians

I believe learning is a lifelong process. During this course, I will learn from you and you will learn from me and each other.

I believe learning occurs best in a supportive environment. Everyone in this classroom is responsible for creating this type of environment.

I believe learning comes from doing. You must practice what you learn. Therefore, I expect you to do all assignments, regardless of whether or not they will be graded.

I believe every student learns differently. Therefore, I will use a variety of teaching techniques so that everyone has a chance to learn. I am willing to work with a student as long as it takes for that student to understand the concept being taught.

I believe that knowing how to work in teams is vital to surviving in the work world. Therefore, this class heavily emphasizes team work.

I believe the only stupid questions are ones that are never asked. Do not be embarrassed to ask a question. Chances are someone else has the same question. I am here to help you learn.


Respect for Diversity

Diversity encompasses: age, life experiences, profession, race, region, nation, lifestyle, social class, learning style, philosophy of life, orientations, religion, personality, mental and physical challenges, customs, values, and gender. Diversity is about differences..... and different doesn’t mean wrong. Diversity is to be respected. I am committed to fostering a respect for each others’ differences.


Academic Integrity

Ethics and values are very important in accounting and the world of business, non-profit, and government organizations. Ethics and values are also important in education. I expect all students to demonstrate a high level of academic integrity. All work with your name on it must be your work. This class involves a lot of group work. However, when an individual assignment is given be sure it is done individually. If an individual assignment is found to be a group effort, the students will receive 0 points for that assignment. Cheating on tests will result in a failing grade in the class.


Student Expectations

You expect me:


Instructor Expectations

I expect you:


Class Structure

I begin class assuming that you have already read the assigned reading. First, as teams you will participate in a game show. This allows me to see where students need further clarification on what they have read. It is fun and educational, and the winning team gets candy!! Second, you will work on an in-class assignment. Finally, after a break, you will apply your newfound knowledge working on your team assignment.


Grading Policy

900 - 1000 points A
800 - 899 points B
700 - 799 points C
600 - 699 points D
599 or less points F


Course Evaluation

Individual Projects 150 points
Team Assignments 300 points
Homework 100 points
Midterm 200 points
Final 200 points
Presentation 50 points
1000 points

Homework - 100 points - Ongoing

Homework will be assigned each class. Even though it is not collected each class, it is not optional. Four times during the semester I will collect homework. Full credit is given if you have attempted all parts of all questions. Late homework is not accepted. If you are going to be absent, you must e-mail your homework in, fax it in, send it in with a teammate, or turn it in at the business office BEFORE class starts, just in case I collect it. Homework is an individual assignment.


Individual Projects - 150 points - Ongoing

There will be three individual projects worth 50 points each, concerning Nike and Reebok and the environment in which they operate. The papers must look professional. A late paper loses 5 points for each day it is overdue. Detailed explanations will be given during the semester. These projects cannot be worked on with team members.


Team Assignments - 300 points - Ongoing

Your team is going to analyze Reebok and Nike's annual reports. You will be given ten assignments related to the subject matter we are studying in class, each worth 30 points. A detailed explanation of these projects will be provided as the course unfolds.

The papers must look professional. A late paper automatically loses a letter grade. Time will be given in-class to work on these assignments, so that only the typing of the report will need to be completed outside of class time.


Midterm - 200 points - March 8

The midterm will consist of two parts. The first part will consist of 25 multiple choice questions worth 4 points each. The second part will be an analysis of financial statements, similar to work you have done in-class and in your team.


Final - 200 points - May 3

Like the midterm, the final will consist of two parts - multiple-choice and financial statement analysis. The final will not be cumulative.


Presentation - 50 points - May 10

Your team will give a PowerPoint presentation summarizing its findings on Nike and Reebok and making investment recommendations.



Tentative Course Outline

Week 1Jan 18Syllabus, Introductions, Team Formation
Week 2Jan 25 Chapter 1 - pages 2-13 and 21-24
Week 3Feb 1 Chapter 3 - pages 88-93, Chapter 4 - pages 152-157, and Chapter 5 - pages 182-186 and 195-201
Week 4Feb 8 Chapter 6 - all and Appendix A, Chapter 8 - page 341 and 342
Week 5Feb 15 Chapter 9 - pages 380 and 381, Chapter 10 - pages 400-411 and 418-423, and Chapter 11 - pages 451 and 452
Week 6Feb 22 Chapter 12 - all
Week 7Mar 1 Review
Week 8Mar 8 Midterm
Week 9Mar 22 Chapter 13 - pages 520-525, Chapter 14 - pages 558-567 and 576-580
Week 10Mar 29 Chapter 15 - pages 596-598 and 605-612, Chapter 16 - pages 642-643, Chapter 17 - pages 676-678 and 689-691
Week 11Apr 5 Chapter 18 - pages 710-714 and 728-730
Week 12Apr 12 Chapter 19 - pages 766-774
Week 13Apr 19Chapter 19 - pages 775-794
Week 14Apr 26Review
Week 15May 3Final
Week 16May 10Team Presentations


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