Anderson Graduate School of Management

University of California, Riverside

BUS 20—Financial Accounting & Reporting—Winter 2011
Section 001 # 11362
Instructor: Bruce Samuelson, PhD & CPA Course: BUS 20
Office: OHLM 2331 Room: UV Thea 9
Hours: 10:50-noon T/R Hours: 9:10-10:30 T/R
e-mail: bus20@cox.net

COURSE DESCRIPTION
Financial Accounting and Reporting acquaints students with the professional field of
accounting and its practices. Emphasis is given to usage of financial accounting information by
investors and creditors. Topics cover cash flow, analysis, assets, liabilities, and equity.

GRADING
The course grade is based on the total points accumulated below:
Homework 150 = problems & exercises completed online, varying points (10 participation)
Project 60 = Financial Statement Analysis + 2 decisions
Mid-term 100 = Mid-term exam: chapters 1 to 5
Final Exam 160 = 80 multiple choice @ 2, chapters 6 to13.

The grade scale is an absolute percent of the highest student score attained,
94% for A, 90% for A-, 88% for B+, 83% for B, 80% for B-, 77% for C+, 70% for C,
67% for C-, and 60% for D, else F.

MATERIALS
Fundamentals of FINANCIAL ACCOUNTING (3E) by Phillips, Libby, Libby and
CONNECT PLUS access code—tutorial assistance and online problem access
Text & CONNECT bundle (bargain price at bookstore) ISBN:0780077968069
Students can buy CONNECT PLUS without textbook, but have to read the electronic
version of the text without the ability to highlight or make notes in margin, etc.
Scantron forms—two Scantron sheets for up to fifty questions on each side.

POLICIES

1. The instructor explains the syllabus at the first class. Ask questions now. Students are
responsible for reading and interpreting the syllabus thereafter.
2. Students are ADDED to the class by Undergraduate Student Affairs, 2340 Olmsted Hall,
not the instructor. Added students are responsible for homework from the first day.

3. Homework is completed online using the CONNECT. The first requirement is to

properly enroll on CONNECT. See the attached procedure files. One file is for students
who have purchased a “bundle” of textbook plus CONNECT Code. The other is for
students who purchase CONNECT separately from their textbook.

Homework is due by midnight each Monday following the assignment week. HINTS
may be solicited while completing the answer to each question. After the assignment’s
solution is submitted, a correction guide may be solicited and errors will be shown to the
student. Second and third attempts may be submitted to improve the score. Caution: a
5% penalty is assessed for each re-attempt, e.g., 95% is the maximum for a correct
second attempt. Late work receives no credit.
 4. The mid-term exam is taken on the scheduled date only, no make-up. If one has an
excused absence from the mid-term, a substitute exam will be given. “Excuse” is
granted for a documented event beyond one’s control, e.g., law court appearance or
auto incident with police report; but not for sleeping in because the alarm failed to ring.

5. The Analysis Project gives students experience in accessing financial statements via
the internet via Rivera Library. Access data online, evaluate it, and draft a report. The
report is due per assignment schedule, March 01. A 10% penalty per day of lateness starts
after project is collected in class on Tuesday.

6. The Final Exam is taken on the date scheduled by the university. No early exam is given.
No make-up exam is given. Bring a Scantron for 50 multiple choice questions on each side.

7. Ethical behavior is expected of everyone in business, in the accounting profession, and

in this class. Cheating is the submission of any course work for grade credit when such
work has been either given to or taken from another person—including the duplication or
copying of another student’s work or forgery of graded work. Offenders receive a course
grade of F, and a letter is placed in University records of the student.

8. Communication is encouraged. The instructor has scheduled over an hour per session
on Tuesday and Thursday morning. An email address is provided for only students of this
course. Email messages should be written in proper English, not txt shorthand. Email
replies can be expected within 24 hours. The syllabus, lecture notes, classwork solutions,
and homework solutions will be posted on iLearn. Letter grades will not be posted; the only
letter grade is that given to the entire course, not to homework, mid-terms, or projects.
Contact the lab teaching assistant for the record of scores on these inputs to the course
grade. The instructor does not possess a record of scores until the end of the course.

9. Grade correction is based only on an error in the record of homework, mid-term,

quizzes or final exam scores. University policy precludes re-grading of student work.
Students are advised to retain all original paperwork until the course grade has been
recorded; original papers may be needed to correct instructor records. The course
grade will be changed for all errors committed by the teaching assistants or the
instructor. No changes will be based on Scantron erasures.

10. The instructor reserves the right to post additional policies to maintain integrity of
learning and grading processes of this course. Additional policies, if any, shall be
emailed to enrolled students and posted on iLearn for a period of at least two weeks.

BUS 20 ASSIGNMENT SCHEDULE

Winter 2011
Examples Work due
Date Wk Chapter and Topic in Lecture online-bold
01/04 1 Class Administration & CONNECT; Role of Accounting -- --
06 Ch. 1 Business Decisions, Activities, Cycles, & Statements M1-3,6,9,14 --

01/09 2 Homework due on CONNECT E1-1,3,6,8,12

01/11 Ch. 2 Analysis for balance sheet: A=L+E M2-3,4,6,8-12 --
13 Ch. 2 Transaction analysis M2-14,15,18

01/16 3 Homework due on CONNECT E2-2,4,6,9,11,12;

PA2-2
01/18 Ch. 3 Analysis for income statement M3-2,4,5
20 Ch. 3 Analysis for income statement and retained earnings M3-9,11,15

01/23 4 Homework due on CONNECT E3-2,4,8,11,12;PA3-3

01/25 Ch. 4 Adjustments to income M4-1,5,6,12-14
27 Ch. 5 Classified statements & Statement Analysis M5-2,4,5,12,13,14
01/30 5 Homework due on CONNECT E4-8,15,16;
E5-11,14;PA5-2
02/01 Ch. 13 Ratio Analysis M13-1,2,11
03 FSA Project Issued online demo

02/06 6 Homework due on CONNECT E13-1; PA13-2,5

02/08 MID-TERM EXAMINATION: Ch. 1-5 EXAM 1-5
10 Ch. 6 Internal Control & Cash M6-2,6,11,16

02/13 7 Homework due on CONNECT E6-4,7,19; PA6-4

02/15 Ch. 7 Inventory and Cost of Goods Sold M7-3,4,7,15 FSA firm selection
17 Ch. 8 Receivables: accounts & notes M8-3,7,8,10,13

02/20 8 Homework due on CONNECT E7-4,5,9; E8-3,2,11

02/22 Ch. 9 Plant, Property & Equipment M9-3,4,5,7
24 Ch. 9 Intangibles and Impairment M9-10,12,13

02/27 9 Homework due on CONNECT E9-1,3,6,11,13,15

03/01 Ch. 10 Liabilities: current and long-term M10-3,6,7,9,10,13,14 Collect FSA
03 Ch. 11 Shareholder Equity—stock M11-4,7,10,11,14
03/06 10 Homework due on CONNECT E10-3,5,7,9,10;
E11-3,7,8,14
03/08 Ch. 12 Statement of Cash Flow—indirect M12-1,2,4,6,7
03/10 Review final exam requirements ch. 5-13
03/11 Homework due FRIDAY of this week, not next Monday E12-1,10,12,16

03/15 Tuesday FINAL EXAM: 8:00-11:00 a.m. in UV 9 Bring Scantron, pencil, calculator
DISCUSSION
21 Tu 4-5 Derek Yang dyang009@student.ucr.edu W 1-3 2341 OLMH
22 R 5-6 Haifeng Yao hyao001@student.ucr.edu M-W 3-5
23 F 2-3 Nathan Parker npark005@student.ucr.edu
24 M 10-11 Glenda Lang ylang001@student.ucr.edu
25 W 12-1 Nathan Parker npark005@student.ucr.edu
26 F 8-9 Haifeng Yao hyao001@student.ucr.edu
27 M 1-2 Glenda Lang ylang001@student.ucr.edu