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     ACCOUNTING 100 (Principles of Financial Accounting)
 Spring 2008 TTh 14:10­15:25                 
 INSTRUCTOR: Dr. Scott I. Jerris      
 OFFICE: SCI 309 PHONE: 338­6713    
 OFFICE HOURS: TTh 8:30­9:35, T 12:15­14:10
COURSE DESCRIPTION: Accounting 100 is to provide an overview of 
the accounting process that results in the production of 
financial statements.  This course also exposes students to the 
usage of financial statements (i.e., how the financial statements 
are used by investors, creditors, etc. in making business 

PREREQUISITES: Passing the ELM test, or equivalent.
REQUIRED TEXT: Financial Accounting, Harrison and Horngren, sixth 
edition, Prentice­Hall.


I. Homework

The problems assigned for each class session are to be attempted 
by the student before coming to class.  The student can only 
learn financial accounting by doing the assignments before the 
class period.  My duties as a professor of accounting are to help 
you, the student, overcome any difficulties you might have with 
the material assigned, do some (not all) of the problems 
assigned, and expand upon the material with examples from the 
business world.  The student cannot learn all he/she needs to 
know from just sitting in class.  Homework problems and other 
assignments must be done in order for the student to gain the 
necessary background to go on to other courses and work.
II. Examinations and Grading

Three examinations are given throughout the semester. Exams I and 
II are scheduled for February 26 and April 8, respectively. 
Examination III is on May 8. There will be no make­up exams. All 
exams are closed book.

Examinations will include a combination of multiple-choice, matching, other objective-type

questions, problems and short essays. Examinations will not only test specifics, but will
also test your ability to synthesize complex ideas. Also note that the contribution that each
student makes to the class sessions, which includes class attendance, will be evaluated and
will enter into the determination of your final grade. Classes missed will count as
deductions to your class attendance score (you can't participate if you are not present). I
will solicit individuals to answer both "thought" questions as well as the assignment
material each class period. The quality of your answers will also be factored into your class
participation score.

Your final grade will be based upon the following:

                             Possible Points
     Exam I                  140 points
     Exam II                 150 points 
     Class Participation      10 points
     Exam III                100 points
     Total                   400 points

If you have 360 total points you are guaranteed a grade of A, if you have 320 points you are guaranteed a grade of
B, if you have 280 points you are guaranteed a grade of C, and if you have 240 points you are guaranteed a grade
of D. Plus and minus grades will also be given.

Class Policy:

Classes will generally be conducted using a lecture/discussion and problem-solving format. Homework problems
and cases will be used to focus discussion on important topics. Therefore students are required to be prepared for
the day's material, both reading assignments and completed problems. At a minimum, you should spend three
hours preparing for each hour of class time. Class participation is an integral part of the learning process in this
course and hence is included in your final grade. No make-ups will be given for any exam. Solutions for the
assigned as well as additional problems are available in Science 205 during the hours as posted as well as the in
reserve book room of the library. Cases of academic misconduct will not be tolerated.

Exam Policy:
To avoid any ambiguity about the coverage of material on exams, eligible exam material shall include:
1. Anything specifically covered in class discussions,
2. Anything stated in the textbook chapters.

Be prepared for all material above as the professor will not state in advance nor answer questions about the specific
material on the exam. Exam format, as discussed on the syllabus, shall include: problems, essays, multiple choice
and other objective-type questions.

To prepare for exams:

1. Come prepared for class doing the assigned problems for that day in advance (as I call on students in
2. Do extra problems in the text (all answers are available in SCIENCE 205 – the accounting lab during
posted hours).

III. Homework Assignments

­­­­­ ­­­­­­ ­­­­­­­­­­­­­­­­­­­­­       ­­­­­­­­­­­­­­­­­­­­­
 1   1/24   1. Summarizing Business   
               Activities and Using the 
               Financial Statements

 2   1/29   1. Continued                  E1­7,E1­8,
 3   1/31   1. Continued 

 4   2/5    2. Processing Accounting      E2­3,E2­7,E2­8
               Information                P2­2A,P2­3A,P2­6A

 5   2/7    2. Continued                    

 6   2/12   3. Accrual Accounting and     E3­6,E3­9,E3­10,E3­16,
               the Financial Statements   P3­4A,P3­5A,P3­7A

7 2/14   3. Continued

 8   2/19   3. Continued                  P3­10A

 9   2/21   3. Continued                  Lightening Round

 10  2/26   Exam I

 11  2/28   5. Accounting for Short­Term   E5­3,E5­6,E5­8,P5­1A, 
               Investments and Receivables P5­4A,P5­5A
 12  3/4    5. Continued

 13  3/6    6. Accounting for Merchandise  E6­2,E6­3,E6­4,E6­15
               Inventory, Cost of Goods    P6­1A,P6­2A
               Sold and the Gross Margin
 14  3/11   6. Continued  

 15  3/13   6. Continued

 16  3/18   7. Plant Assets, Intangible    E7­1,E7­2,E7­6,E7­10,
               Assets and Related Expenses P7­2A,P7­3A,P7­5A

 17  3/20   7. Continued

 18  4/1    8. Current and Long­Term       E8­4,E8­7,E8­10,E8­12
               Liabilities                 E8­14,P8­2A,P8­4A,
 19  4/3    8. Continued
 20  4/8       Exam II
 21  4/10   9. Measuring and Reporting     E9­2,E9­4,E9­7,P9­2A,
               Stockholders' Equity        P9­3A,P9­5A
 22  4/15   9. Continued

 23  4/17   9. Continued                   Lightening Round   

 24  4/22  12. Preparing and Using the     E12­2,P12­3A,
               Statement of Cash Flows     P12­5A,P12­7A      
 25  4/24  12. Continued 
 26  4/29  12. Continued

 27  5/1   12. Continued

 28  5/6   12. Continued                   Lightening Round
 29  5/8   Exam III

30 5/13  13. Financial Statement Analysis  CSCO handout

31 5/15  Make­up day, if needed