Download Accy 201 Course Schedule: Weekly Topics, Assignments, and Tests for Financial Accounting - and more Lecture notes Accounting in PDF only on Docsity!
Semester at a Glance Wk 1 Wk 2 Wk 3 Wk 4 Wk 5 Wk 6 Wk 7 Wk 8 Wk 9 Wk 10 Wk 11 Wk 12 Wk 13 Tha nks givi ng Wk 14 Wk 15 Finals Home Work T/Th T/Th T/Th T/Th T/Th Tues only T/Th T/Th T/Th T/Th T/Th T/Th Discussio n Assign Fri Fri Fri Fri Fri Fri Fri Fri Fri Fri On-Line Quiz Sun 11PM Sun 11PM Sun 11PM Sun 11PM Sun 11PM Sun 11PM Sun 11PM Sun 11PM Sun 11PM Sun 11PM Gr Proj Thurs 8AM Thurs 8AM Thurs 8AM Tues 8AM Post-GP Survey Sun 11PM Sun 11PM Sun 11PM Wed 11PM Prof Resp Activity Chrt 1 Sun 11 PM Chrt 2 Sun 11PM Midterm Thurs & Fri Thurs & Fri Final Wed/ Thurs Key: indicate s An ungraded assignment, may be collected for extra credit indicate s A graded quiz or assignment, submitted electronically indicate s A graded exam, completed in class
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 1 Startin g Mon Aug 26 Tuesday:
- An Introduction to Accounting and Accountancy: Accy 201
- Understanding the tools of trade a. Concepts & Technical Methods b. Thinking & Problem Solving c. Social Interaction & Communication Thursday:
- Accy 201: Learning How to Learn Friday:
- Introductions
- Week 1 Discussion Assignment Tuesday: Accounting Information for Business Decisions , Volume 1, 3rd^ ed. Cunningham, Nikokai & Bazley. Chapter 1. Homework Assignment: Organizations: 1-2; 1-3; 1- Regulation & Ethics: 1-7; 1-15; 1- Thinking & Problem Solving: 1-16; 1-18; 1-19; 1- Thursday: Accounting Information for Business Decisions , chapter 1. Homework Assignment: Legal Forms of Business: 1-6; 1- Entrepreneurship: 1-4; 1- Accounting: 1-8; 1-9; 1-42; Management Accounting: 1-11; 1-12; 1- Financial Accounting: 1-13; 1-14; 1-38; 1- Friday: Homework Assignment: Week 1 Discussion Assignment. For homework assignments, prepare a written response to 1 question from each the groups of end-of-the chapter questions indicated. The question/problem to which you respond is your choice. Be prepared to discuss your answer in class. Be prepared to turn in your responses (random collections will be made). Instructions for preparing homework: Include your Name, netid and discussion section in the top left corner of each page of your responses Label each question to which you are responding on the line above your response, using the group name and question number (e.g. Entrepreneurship: 1-4).
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 3 Startin g Mon Sept 9 Tuesday:
- Budgeting a. Why Budgeting? b. Operating Cycles c. Budgeting Framework
- The Sales Budget Thursday:
- The Purchases Budget
- The Selling Expenses Budget
- The General & Administrative Expenses Budget
- Projected Income Statement Friday:
- Week 3 Discussion Assignment
- Work on Group Project 1 Tuesday: Accounting Information for Business Decisions , chapter 3, pp. 72-81. (Through material about the Sales Budget.) Homework Assignment: Budget Basics: 3-1; 3-3; 3- Sales Budget Concepts: 3-7; 3-8; 3- Cash Budget Concepts: 3-11; 3-12; 3- 13 Cash Budget; CF & IS:3-16; 3- Sales Budget Prep: 3-19; 3-25; Thursday: Accounting Information for Business Decisions , chapter 3, pp. 81-87. (Through material about the service company’s expenses budget.) Homework Assignment: Purchases Budget: 3-20; 3-21; 3-27; 3- 28 Selling-Gen & Admin Expenses: 3-22; 3- 29 Projected IS: 3-24; 3-31 (prepare the budget, you will answer the question that follows next week.) Friday: Homework Assignment: Prepare Week 3 Discussion Assignment. Sunday: Quiz 2 (on-line): Budgets I *in Accy 201 Notes Book
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 4 Startin g Mon Sept 16 Tuesday:
- Cash Management a. Sales (& Purchase) Discounts b. Credit-granting Policies c. Collection Policies
- Cash Disbursements Schedule
- Accounts Payable
- Cash Collections Schedule
- Accounts Receivable Thursday: Gr Project 1 Due electronically by 8 AM
- Cash Collections Schedule con’t
- Accounts Receivable con’t
- Using budgets Friday:
- Cohort 1: Professional Responsibility Activity
- Cohort 2: Discussion of GP 1 Tuesday: Accounting Information for Business Decisions , chapter 3, pp. 87-end of chapter. Homework Assignment: Cash Collections: 3- Cash Budget: 3.23; 3- Projected IS: 3-24 (review); 3- (review & answer the question that follows the budget preparation.) Thursday: Gr Project 1 Due electronically by 8 AM Accounting Information for Business Decisions , chapter 3, pp. 87-end of chapter. Homework Assignment: Making Evaluations: 3-32; 3-33; 3-34; 3- Friday: Homework Assignment: Group Project 1: Entrepreneurs Sunday: Quiz 3 (on-line): Budgets II Post-Project Survey 1 due by Sun 11 PM *in Accy 201 Notes Book
Thursday: Gr Project 2 due electronically by 8 AM
- Review for Midterm Exam
- Overview of Weeks-1-6:
- Technical Analysis Friday:
- Review for Midterm Exam
Thursday: Gr Project 2 Due electronically by 8 AM Review for Midterm Exam Friday: Review for Midterm Exam Sunday: No Quiz this week Post-Project Survey 2 due by Sun 11 PM *in Accy 201 Notes Book
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 7 Startin g Mon Oct 7 Tuesday:
- Review for Midterm
- Overview of Weeks 1- Concepts Thursday: Midterm 1, Part 1 Multiple Choice During lecture periods @ regular lecture hall locations Coverage Week 1-Week 6 (includes up to objectives of financial reporting) Friday: Midterm 1 Part 2 Essays and Problems During discussion sections @ regular discussion section locations Tuesday: Review for Midterm Thursday: Midterm 1, Part 1 Multiple Choice Bring Picture ID; Know your U of I netid, TA name, & discussion section code. Review Course Policies on what to bring and not bring to a test Friday: Midterm 1 Part 2 Essays and Problems Bring Picture ID; Know your U of I netid, TA name, & discussion section code. Review Course Policies on what to bring and not bring to a test Sunday: No Quiz this week.
g Mon Oct 21 a. Financial Accounting Elements b. The Classified Balance Sheet c. Using T-Accounts Thursday:
- Journal Entries for the Balance Sheet
- Transaction Analysis-Financial Statement Effects Friday:
- Week 9 Discussion Assignment
- Work on Group Project 3 the Balance Sheet, chapter 2 from Financial Accounting, 7th^ edition Libby, Libby & Short. Homework Assignment: Definitions: (ME2.1 & ME2.2); E2- Trans Analysis: E2-4; E2-5; P2-2; AP2- Inferring CFs & BS Prep: E2-9; E2- Accts & Normal Balances: P2-1; AP2- Thursday: Investing and Financing Decisions and the Balance Sheet, chapter 2 from Financial Accounting, 7th^ edition Libby, Libby & Short. Homework Assignment: T-Accts, BS & CF Prep: (P2-3 & P2-4); (AP2-3 & AP2-4) JE’s, BS & CF Prep: (P2-5 & P2-6) Friday: Homework Assignment: Week 9 Discussion Assignment (on- line). Sunday: Quiz 6 (on-line): The Balance Sheet
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 10 Starting Mon Oct 28 Tuesday:
- The Income Statement a. The Operating Cycle b. Cash vs Accrual c. Revenue & Expense Recognition d. Transaction Analysis—Financial Statement effects Thursday: Gr Project 3 Due electronically by 8 AM
- The Income Statement
- Journal Entries
- Transaction Analysis Friday:
- Cohort 1: Discuss Group Project
- Cohort 2: Professional Responsibility Activity Tuesday: Operating Decisions and the Income Statement, chapter 3 from Financial Accounting, 7th^ edition, Libby, Libby & Short. Homework Assignment: Definitions: ME3-1; E3- Cash vs Accrual: ME3-2; E3- Exp & Rev Recognition: (E3-3 & E3-4) Trans Analysis: E3-5; E3-6; P3-3; AP3- 3 Thursday: Gr Project 3 Due electronically by 8 AM Operating Decisions and the Income Statement, chapter 3 from Financial Accounting, 7th^ edition, Libby, Libby & Short. Homework Assignment: Trans Analysis, IS, RE & CF Prep: (E3- 10-12); (E3-13-15); (P3-4&P3-5); (AP3- 4 & AP3-5) Recording JEs: E3-7; E3-8; E3-9; P3-2; AP3- Friday: Homework Assignment: Group Project 3: The Balance Sheet & Cash Flow Statement Sunday: Quiz 7 (on-line): The Income Statement Post-Project Survey 3 due by Sun 11 PM . *in Accy 201 Notes Book Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 11 Tuesday:
- The Accounting Cycle Tuesday: Adjustments, Financial Statements and
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 12 Starting Mon Nov 11 Tuesday:
- Adjusting Journal Entries a. Depreciation b. Dividends Thursday:
- Closing Entries
- Error Detection & Correction Friday:
- Week 12 Discussion Assignment
- Work on Group Project 4 Tuesday: Adjustments, Financial Statements and the Quality of Earnings, chapter 4 from Financial Accounting, 7th^ edition, Libby, Libby & Short. Homework Assignment: Depreciation: E4-11; E4- Thursday: Adjustments, Financial Statements and the Quality of Earnings, chapter 4 from Financial Accounting, 7th^ edition, Libby, Libby & Short. Homework Assignment: Closing Entries: P4-7; AP4-7; E4- Errors: E4-14; E4- Comprehensive: Comp4-1; Comp4- Friday: Homework Assignment: Week 12 Discussion Assignment Sunday: Quiz 9 (on-line): Adjusting & Closing Entries; Error Detection
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 13 Starting Mon Nov 18 Tuesday: Gr Project 4 Due electronically by 8 AM
- Review for Midterm Thursday: Midterm 2 Part 1 Multiple Choice During lecture periods @ regular lecture hall locations Coverage Week 8 -Week 12 Friday: Midterm 2 Part 2 Essays & Problems During discussion sections @ regular discussion section locations Tuesday: Gr Project 4 Due electronically by 8 AM Post-Project Survey 4 due by Wed 11 PM Thursday: Midterm 2 Multiple Choice Bring Picture ID; Know your U of I netid, TA name, & discussion section code. Review Course Policies on what to bring and not bring to a test Friday: Midterm 2 Part 2 Essays & Problems Bring Picture ID; Know your U of I netid, TA name, & discussion section code. Review Course Policies on what to bring and not bring to a test Sunday: No Quiz this week. Fall Break Happy Thanksgiving!!
Week & Dates Topic, Quizzes, Assignments Due, Tests Readings and Assignments to be Completed in Advance of Class Week 15 Starting Mon Dec 9 Tuesday: Guest Speakers Thursday: All Campus Reading Day Reviews for Final Exam—as scheduled by TAs Tuesday: Guest Speakers Last day to turn in request for conflict final exam. Thursday: All Campus Reading Day Reviews for Final Exam—as scheduled by TAs Finals Beginnin g Final Exam, Per posted U of I schedule, @ regular lecture hall locations Coverage: weeks 1-15, cumulative Tentative Times for Final Exam AL1: Thursday, December 19 Morn AL2: Wednesday, December 18 Aft Conflict: TBA (Check UofI official website for conflict exam time and location for all final exams.) Final Exam Bring Picture ID; Know your U of I netid, TA name, & discussion section code. Review Course Policies on what to bring and not bring to a test
