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I do not recommend old editions of this book, but you make the final decision.
You are required to purchase the Connect Access Code since some exercises and homework will be assigned, turned
in and graded on Connect. You can also find more exercises there. The UMN book store sells the book and the code
as a package at a good price.
A video that help with the Connect registration: http://screencast.com/t/Dzo9LxjAJ
Please register at the following website: http://connect.mheducation.com/class/y-gao-acct-2050-spring-2015
After you log in, you can do more accounting exercises provided by this website. Solutions and grading will also be
given by the website.
COURSE DETAILS
This course includes 2 midterm exams, 1 final exam, 3 quizzes, 13 homework assignments, and 1 Excel project.
Class sessions will consist of lectures, class exercises and a review of selected questions, exercises and problems.
PowerPoint slides for all lectures will be available on Moodle. You are supposed to download them and/or print
them out before class. The course outline, including dates for all exams and required assignments is included in the
Course Calendar.
Examinations
There are two midterm exams and one final exam. Each midterm exam is worth 130 points, and the average of the
two midterm exams will be counted towards your final grade. The final exam is worth 170 points. While the
midterm exams are not intended to be cumulative, the final exam is cumulative. A common make-up exam will be
given to those students who have excused absences. Excused absences are defined by CSOM and UMN policy.
Contact me as soon as you know that you have a conflict.
Examination policy: You must take the examinations on the date scheduled. If you are unable to take an
examination at the scheduled time for a valid reason, you should let me know before the examination, and we will
try to work out a satisfactory solution. If you miss an examination without getting in touch with me before the
examination, and without an acceptable reason, you will receive a score of zero for the examination. Please note
that the fact that you might benefit from an additional day or two of study is not a valid exam excuse. Personal
convenience is not a valid exam excuse.
Quizzes
Three quizzes will be given. Each quiz is worth 20 points. The higher two scores of the three quizzes will be counted
towards your final grade. There will be no make-up quizzes under any circumstances.
Homework assignments
Homework is a key part of this course and critical to your success. Accounting requires a lot of practice. The
homework problems are selected to ensure that you get to practice working problems that will solidify
the concepts you learn in the lectures. There will be 13 homework assignments (1 assignment for each
chapter) on Connect. The homework assignments will be graded based on completion rather than
accuracy since doing homework is also part of the learning process. Connect will provide the solution
to each question after your finish the assignment. You can earn 1 point for each assignment youve
attempted as long as you finish the work before the final exam. To obtain the maximum benefits, you
are encouraged to do the homework right after the lecture.
Connect will provide your homework report to me, so there is no need to print and turn in a hardcopy of your
homework.
Besides, the course calendar lists additional review questions and exercises. We will cover some of them in class and
you can complete the rest by yourself after class.
Excel project
The project is designed to practice basic Excel techniques and to understand the process of preparing financial
reports. You can form a team of no more than 6 people or do the project all by yourself. Each team turns in one
hard copy of your solutions. The due date is listed in the calendar. The total score of the excel project is 30 points.
Grading
Midterms I, II (average of two exams)
Final Exam (1)
Quizzes (higher two of three quizzes)
Homework assignments
Excel Project
Total
130
170
40
13
30
383
The final letter grade is based on the total score and the instructors evaluation of a students overall
performance in this course. To do well in this course, you are expected to spend at least 12 hours a week in
this course.
Grading policy: Grades are an integral part of the educational process. They are one form of feedback concerning
academic performance. The Carlson School is resolute that the differences in course achievement are reflected in the
differences in course grades. Grades are based on a combination of exams, terms papers, class participation, case
analyses, and other assignments. In all cases, it is the instructor who determines grading criteria. For ACCT 2050,
the target median grade is 3.0+/-0.2 (or about a B).
Regrading policy: If the students ask for regarding of exams, quizzes, projects and other assignment, I will regrade
the entire rather than part of the work.
Instructor Office Hour: Friday: 2:35 pm 3:35 pm, CSOM 3-283 or by appointments
Tutors Room: CSOM 2-225,
Tutor: Samantha Ide (Idexx020@umn.edu)
Tutors Schedule:
Monday/Wednesday: 2:00-4:00 p.m.
Tuesday/Thursday: 12:00-2:00 p.m.
MISCELLANEOUS
Use of calculators during exams and quizzes
Students are allowed to use simple calculators during the exams and quizzes. We must restrict the use of
computational devices to basic math functions. Only allowed are basic four-function calculators that do not have
programmable or communications capabilities.
Not allowed are computational devices that can store text (i.e., all portable computers, including PDAs such as the
Palm Pilot). All devices that are programmable are prohibited. If you are in doubt about the acceptability of your
computational device, check with me.
No Background in Accounting is Assumed or Necessary
This course begins with the basic attributes of the accounting system. We will assume that each of you begin the
term with no knowledge of accounting (even though some of you may have had a course or worked with an
accounting system.) The course is organized around the text. It is necessary to read the text, follow the lectures and
do the homework.
Attendance Policy
While attendance is not taken during class, you are expected to attend each class session. Students who fail to attend
class regularly rarely do well in this class.
Services for Students with Disabilities
Any student with a disability covered by the University's Services for Students with Disabilities (University
Gateway, 200 Oak Street, Suite 180, 612-626-1333) should contact that office during the first week and arrange any
instructional accommodations that may be necessary. I must be notified of any such arrangements during the first
week of class. We must be informed early that you need special accommodations. If you fail to inform us, we can't
help.
Disability Access Statement
This publication/material is available in alternative formats upon request. Please contact the instructor. Disability
Services provides document conversion services, free of charge to the University community.
mental health concerns or stressful events may lead to diminished academic performance or reduce a student's
ability to participate in daily activities. University of Minnesota services are available to assist you with addressing
these and other concerns you may be experiencing. You can learn more about the broad range of confidential mental
health services available on campus via http://www.mentalhealth.umn.edu/.
Tue 20 Jan
2015
Textbook Chapter
Course Introduction & Ch1: Financial Statements and Business Decisions
Review, Exer
Thu 22 Jan
Tue 27 Jan
Thu 29 Jan
Tue 3 Feb
Thu 5 Feb
Tue 10 Feb
Thu 12 Feb
A comprehensive
9
10
Tue 17 Feb
Thu 19 Feb
A comprehensive
Review of Chap
11
Tue 24 Feb
Exam I (Chapters 1 5)
Exam I (Chapte
12
Thu 26 Feb
13
Tue 3 Mar
14
Thu 5 Mar
15
Tue 10 Mar
16
Thu 12 Mar
Ch 8: Reporting and Interpreting Property, Plant, and Equipment; Natural Resources; and Intangibles
Spring Break
17
Tue 24 Mar
Ch 8: Reporting and Interpreting Property, Plant, and Equipment; Natural Resources; and Intangibles
18
Thu 26 Mar
19
Tue 31 Mar
20
Thu 2 Apr
21
Tue 7 Apr
Review of Chap
22
Thu 9 Apr
Exam II (Chapte
23
Tue 14 Apr
24
Thu 16 Apr
25
Tue 21 Apr
26
Thu 23 Apr
Quiz 3
27
Tue 28 Apr
Comprehensive Exercises
Comprehensive E
28
Thu 30 Apr
29
Tue 5 May
30
Thu 7 May
Quiz 1
Quiz 2
Appendix E
Excel Project D