INTERMEDIATE ACCOUNTING

CLASS POLICIES AND PROCEDURES

The goal and objective of the course is to develop a basic understanding of both the theory of financial accounting (why?) and practical problem solution (how?).

As a general rule, the first day on a new chapter will not have any homework required other than to study the chapter.

Tests may or may not be announced in advance. You learn better if you keep current rather than trying to study all night preceding an announced test. 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]

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

GRADING: The approximate distribution of points will be:

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".

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.

TEACHING STYLE: The Socratic Method is used extensively in this class. What that means is that students are called on often in class. This is sometimes called "cold calling" because it is not prepared, premeditated, nor predetermined who will be called on nor what the question will be. Often in response to the answer will be the follow-up question of "Why?" This method is used because it helps you learn the material better, it helps you develop your interactive thinking skills, and it will help you in the future as you work with others applying the expertise you develop. The intent is NEVER to embarrass anyone! However, if you have not adequately prepared for class, you may embarrass yourself.

TEXT: INTERMEDIATE ACCOUNTING, 9^th. ed., by Kikolai & Bazley. In addition to the text, you will need a pad of 4-column accounting paper and a pad of 13-column worksheets (the large size ones).

STUDY GROUPS It is HIGHLY RECOMMENDED that you develop study groups. This allows you to exchange ideas, discuss difficult areas, and help each other. It is not necessary to actually sit down and work together, but, at least, exchange telephone numbers (or e-mail addresses) so that you can check signals with each other. Please remember the purpose of this class is to acquire an understanding of financial accounting, not necessarily to study hard or long. If you can obtain that understanding in 5 minutes of study, great! If you work at it for 5 days, that, too, is fine. You are not graded on how hard nor how long you work, but on how well you understand the material and can demonstrate that understanding.

PRACTICE SET Please see the link on the Intermediate Accounting Home Page.

REVIEW DAY - Wednesdays will be a review day during SPRING semester only. No new material will be covered. This is your opportunity to make sure you understand the material. Everyone is highly encouraged to attend and participate. Bring questions over prior material that you did not understand and would like to spend some extra time reviewing. If you received a "C" or less on the immediately preceeding test, you are required to attend the review classes.

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