Acct 201 Financial Accounting

Class Policies

 The purpose of this class is to provide a basic introduction to the concepts of bookkeeping, generally accepted accounting principles, and financial statements.

If you are a student with a disability who requires special assistance, please contact the Educational Access Services office, phone 248-1801.

Grading

Grading will be based on the following approximate distribution

Tests (5 @ 100 each)

500

Homework

100

Final Exam (comprehensive)

200

Total for the semester

800

 

HOMEWORK points will be based upon a five-question quiz given at the start of each class over the assigned materials. In addition, you will receive one point for being in class and turning in the quiz. Homework grades will require an average of 5 correct out of the 6 possible for an "A", 4 for a "B", 3 for a "C", and 2 for a "D".

There will be no make-up's of missed tests unless prior arrangements are made. If it is necessary for you to miss class, call me at 248 - 1573. If I'm not there, leave a message on the voice-mail system or e-mail me at [email protected]

TEST PROTEST: You may protest any test question you think is not valid. The protest must be in writing, needs to include the question (not just a reference to the question number, please), an explanation of why you think the question is not a good question (ambiguous, different interpretation, etc.), how you answered it and why, and your suggested change to the question to improve it.

 TEXT Financial and Managerial Accounting by Needles, Powers, and Crosson (2005). (You may find the working papers and study guide helpful, but they are not required)

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