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BUS 214 – Financial Accounting: Syllabus and Course Structure Overview

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Course Overview

Introduction to Financial Accounting

This syllabus outlines the structure, objectives, and requirements for BUS 214 – Financial Accounting. The course is designed to introduce students to the foundational principles and practices of financial accounting, focusing on the preparation, analysis, and interpretation of financial statements.

  • Instructor: MS Pausinger-Bibinger, CFA

  • Class Meetings: M/W 12:10-2:00

  • Office Hours: Monday 11-12 on Zoom; Thursday 11-12 on Zoom

  • Teaching Assistant: Listed with contact information

Course Description & Objectives

Catalog Description

The course covers the basic principles, procedures, and concepts of financial accounting. Students will learn to understand and prepare the four major financial statements and analyze business transactions.

  • Preparation and analysis of financial statements

  • Understanding the accounting cycle

  • Application of accounting concepts to business transactions

  • Critical thinking and ethical decision-making in accounting

Course Objectives

  • Describe the role of accounting in business and society

  • Prepare and interpret the four principal financial statements

  • Record and analyze business transactions using the accounting cycle

  • Apply accounting concepts to measure and report assets, liabilities, and equity

  • Evaluate financial information for decision-making

Required Course Materials

Textbook

  • Financial Accounting, 11th Edition by Libby, Libby, Hodge, Pearson with MyLab Accounting (MLA)

  • Access to MyLab Accounting is required for assignments and quizzes

Course Topics & Weekly Schedule

Major Chapters Covered

  • Ch. 1: The Financial Statements

  • Ch. 2: Transaction Analysis

  • Ch. 3: Accrual Accounting and Income

  • Ch. 4: Internal Control and Cash

  • Ch. 5: Receivables and Revenue

  • Ch. 6: Inventory and Cost of Goods Sold

  • Ch. 7: Plant Assets, Natural Resources, and Intangibles

  • Ch. 8: Current and Contingent Liabilities

  • Ch. 9: Long-Term Liabilities

  • Ch. 10: Stockholders' Equity

  • Ch. 11: The Statement of Cash Flows

  • Ch. 12: Financial Statement Analysis

Sample Weekly Schedule

Week

Chapter

Class Content

Homework Assignments

1

N/A

Course Introduction, Syllabus

Read Syllabus, Course Comments

2

1

The Financial Statements

Chapter 1 Homework, Video Assignment

3

2

Transaction Analysis

Chapter 2 Homework, Video Assignment

4

3

Accrual Accounting and Income

Chapter 3 Homework, Video Assignment

5

4, 5

Internal Control and Cash; Receivables and Revenue

Chapter 4 & 5 Homework

6

6

Inventory and Cost of Goods Sold

Chapter 6 Homework

7

7

Plant Assets, Natural Resources, and Intangibles

Chapter 7 Homework

8

8

Current and Contingent Liabilities

Chapter 8 Homework

9

9

Long-Term Liabilities

Chapter 9 Homework

10

10, 11

Stockholders' Equity; Statement of Cash Flows

Chapter 10 & 11 Homework

11

12

Financial Statement Analysis

Chapter 12 Homework

Grading and Assessment

Components

  • Examinations (Midterm and Final)

  • Quizzes

  • Homework Assignments

  • Video Assignments

  • In-Class Exercises

  • Macrocoding Final Assignment

Grading Scale

Grade

Percentage

A

93-100%

A-

90-92%

B+

87-89%

B

83-86%

B-

80-82%

C+

77-79%

C

73-76%

C-

70-72%

D+

67-69%

D

63-66%

D-

60-62%

F

Below 60%

Course Policies

Attendance and Participation

  • Active participation in class and online assignments is required

  • Quizzes and exams are administered online via MyLab Accounting

  • Homework is assigned weekly and must be completed on time

Academic Integrity

  • All work must be original and completed independently unless otherwise specified

  • Unauthorized collaboration or use of outside resources during exams is prohibited

Accommodations and Diversity

  • Accommodations for students with disabilities are available through the Disability Resource Center

  • Diversity and inclusion are valued; resources are available through the Office of University Diversity

Recommendations for Success

  • Review and keep current with course materials and assignments

  • Attend all scheduled classes and participate actively

  • Complete all assignments on time

  • Communicate with the instructor and TA for support

  • Respect academic integrity and university policies

Additional Info

  • MyLab Accounting (MLA) is required for all assignments and quizzes

  • Course schedule may be subject to change; updates will be provided by the instructor

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