ACCT 2200 M01: FINANCIAL ACCOUNTING Spring 2020

Class Days and Time: MWF, 13:00-13:50 Classroom: PRH 8 Prerequisite(s): Sophomore standing (completion of 29 hours); ITM-2000 (formerly MIS-200) highly recommended. Credit(s): 3 Instructor: Dr. Laura Muro Instructor’s Email: laura.muro@slu.edu Instructor’s Campus Phone: 91 554 58 58, ext. 251 Office: PAH, Top floor. Office Hours: M, W, 11:00-12:00; F: 14:00-15:00, and by appointment. Course Description: Accounting reports for external use. An introduction to financial reporting of results of operations, cash flow and financial position of corporate entities through general purpose financial statements. Emphasis is placed on the real-world environment of business and the use of financial accounting information for management decision making. Course Goals and Student Learning Outcomes: At the end of the course, students will:

• Analyze economic events affecting a business and describe their impact on financial statements. • Explain the purpose of and describe the core components of the four basic financial statements (Balance

Sheet, Income Statement, Statement of Retained Earnings, and Statement of Cash Flows). • Explain the accrual basis of accounting and its implications for reporting revenues and expenses in the

income statement. • Define and explain the implications of each of the basic assumptions, principles, and constraints underlying

financial accounting. • Identify and provide examples for the implementation of basic internal control principles followed by

companies to safeguard assets and enhance the accuracy and reliability of its accounting records. Assessment of Student Learning: In order to maintain quality academic offerings and to conform to accreditation requirements, SLU-Madrid regularly assesses its teaching, services and programs for evidence of student learning. For this purpose, SLU-Madrid keeps representative examples of student work from all courses and programs on file, including assignments, papers, exams, portfolios and results from student surveys, focus groups and reflective exercises. Copies of your work for this course may be kept on file for institutional research, assessment and accreditation purposes. If you prefer SLU-Madrid not to retain your work for this purpose, you must communicate this decision in writing to your professor. Required Texts and Materials: Financial Accounting, Tools for Business Decision Making by Kimmel, Weygandt and Kieso, 7th edition. Publisher Wiley. Book website: http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1118379721&bcsId=7845

Purchase available at: http://www.vitalsource.com (among others) It will be important to bring to class the laptop as we will be working dayly in excel. Recommended readings:

− Contemporary issues in accounting : the current developments in accounting beyond the numbers / Elaine Conway, Darren Byrne, editors.

Published Palgrave Macmillan, [2018]

Course Requirements and Grading Rationale/System: Grade Components: Grade Scale: 1st Mid Term Test (20%) A (94%-100%) 2nd Mid Term Test (20%) A- (90%-93%) Final Examination (30%) B+ (87%-89%) Special Assignments (15%) B (84%-86%) Class Participation and Attendance (5%) B- (80%-83%) Quizzes (10%) C+ (77%-79%) C (74%-76%) C- (70%-73%)

D (60%-69%) F (0% - 59%)

Attendance Policy: Students who miss more than three classes after the first week of class will be marked down. In addition, students who are late for class will be assigned a ½ absence, therefore two times late for class will count as 1 absence. E-mail: Campus and course announcements will often be handled by e-mail. Students should check their “@slu.edu” e-mail regularly. Academic Honesty/Integrity: Academic integrity is honest, truthful and responsible conduct in all academic endeavors. The mission of Saint Louis University is “the pursuit of truth for the greater glory of God and for the service of humanity.” Accordingly, all acts of falsehood demean and compromise the corporate endeavors of teaching, research, health care, and community service through which SLU fulfills its mission. The University strives to prepare students for lives of personal and professional integrity, and therefore regards all breaches of academic integrity as matters of serious concern. The full University-level Academic Integrity Policy can be found on the Provost's Office website. Additionally, SLU-Madrid has posted its academic integrity policy online. As a member of the University community, you are expected to know and abide by these policies, which detail definitions of violations, processes for reporting violations, sanctions and appeals. The professor will review these matters during the first weeks of the term. Please direct questions about any facet of academic integrity to your faculty, the chair of the department of your academic program or the Academic Dean of the Madrid Campus. Title IX Statement: Saint Louis University and its faculty are committed to supporting our students and seeking an environment that is free of bias, discrimination, and harassment. If you have encountered any form of sexual misconduct (e.g. sexual assault, sexual harassment, stalking, domestic or dating violence), we encourage you to report this to the University. If you speak with a faculty member about an incident of misconduct, that faculty

member must notify SLU's Title IX deputy coordinator, Patrice Burns, whose office is located on the third floor of San Ignacio Hall, Calle Amapolas, 3 (patrice.burns@slu.edu; 915-54-5858, ext. 241) and share the basic facts of your experience with her. The Title IX deputy coordinator will then be available to assist you in understanding all of your options and in connecting you with all possible resources on and off campus.

If you wish to speak with a confidential source, you may contact the counselors at the SLU-Madrid's Counseling Services on the third floor of San Ignacio Hall (counselingcenter-madrid@slu.edu; 915-54-5858, ext. 230) or Sinews Multipletherapy Institute, the off-campus provider of counseling services for SLU-Madrid (www.sinews.es; 917-00-1979). To view SLU-Madrid's sexual misconduct policy and for resources, please our policy posted online. Additional information is available at the University’s website “https://www.slu.edu/about/safety/sexual-assault-resources/index.php.

Disability Accommodations and Learning Resources: In recognition that people learn in a variety of ways and that learning is influenced by multiple factors (e.g., prior experience, study skills, learning disability), resources to support student success are available on campus. Students who think they might benefit from these resources can find out more about:

• Course-level support (e.g., faculty member, departmental resources, etc.) by asking your course instructor. • University-level support (e.g., tutoring/writing services, Disability Services) by visiting the Academic

Dean's Office (San Ignacio Hall) or by reviewing the Academic Resources website online.

Students with a documented disability who wish to request academic accommodations must contact Disability Services to discuss accommodation requests and eligibility requirements. Once successfully registered, the student also must notify the course instructor that they wish to access accommodations in the course. Please contact Disability Services at disabilityservices-madrid@slu.edu or +915 54 58 58, ext. 230 for an appointment. Confidentiality will be observed in all inquiries. Once approved, information about the student's eligibility for academic accommodations will be shared with course instructors via email from Disability Services. For more information about academic accommodations, see the Disability Services webpage.

Note: Students who do not have a documented disability but who think they may have one are encouraged to contact Disability Services.

Basic Needs Security Statement: Students in personal or academic distress and/or who may be specifically experiencing challenges such as securing food or difficulty navigating campus resources, and who believe this may affect their performance in the course, are encouraged to contact Marta Maruri, SLU-Madrid’s Director of Student Life (marta.maruri@slu.edu or 915 54 58 58, ext. 213) for support. Furthermore, please notify the instructor if you are comfortable in doing so, as this will enable them to assist you with finding the resources you may need.

Spring 2020 Course Schedule: Friday, January 10 Course Overview/Introduction Monday, January 13 Ch 1: Introduction to Financial Statements Wednesday, January 15 Ch 1: Introduction to Financial Statements Friday, January 17 Ch 1: Introduction to Financial Statements Sunday, January 19 Last day to drop a class without a grade of W and/or add a class

Last day to choose Audit (AU) or Pass/No Pass (P/NP) options Monday, January 20 Ch 2: A Further look at Financial Statements Wednesday, January 22 Ch 2: A Further look at Financial Statements Friday, January 24 Ch 2: A Further look at Financial Statements Monday, January 27 Ch 3: The Accounting information System Wednesday, January 29 Ch 3: The Accounting information System Friday, January 31 Ch 3: The Accounting information System Monday, February 3 Ch 4: Accrual Accounting Concepts Wednesday, February 5 Ch 4: Accrual Accounting Concepts Friday, February 7 Ch 4: Accrual Accounting Concepts Monday, February 10 Ch 5: Merchandising Operations and the Multiple-Step Income Statement Wednesday, February 12 Ch 5: Merchandising Operations and the Multiple-Step Income Statement Friday, February 14 Ch 5: Merchandising Operations and the Multiple-Step Income Statement Monday, February 17 REVIEW Wednesday, February 19 FIRST MID-TERM (Chapters 1, 2, 3, 4 & 5)

Registration for summer session begins Friday, February 21 Winter break (no classes) Monday, February 24 Ch 6: Reporting and Analyzing Inventory Wednesday, February 26 Ch 6: Reporting and Analyzing Inventory Friday, February 28 Ch 6: Reporting and Analyzing Inventory Monday, March 2 Ch 6: Reporting and Analyzing Inventory Wednesday, March 4 Ch 7: Fraud, Internal Control, and Cash Friday, March 6 Ch 7: Fraud, Internal Control, and Cash Monday, March 9 Ch 7: Fraud, Internal Control, and Cash Wednesday, March 11 Ch 8: Reporting and Analyzing Receivables Friday, March 13 Ch 8: Reporting and Analyzing Receivables Monday, March 16 Ch 8: Reporting and Analyzing Receivables Wednesday, March 18 Ch 9: Reporting and Analyzing Long-Lived Assets Friday, March 20 Ch 9: Reporting and Analyzing Long-Lived Assets Monday, March 23 Ch 9: Reporting and Analyzing Long-Lived Assets Wednesday, March 25 REVIEW Friday, March 27 SECOND MID-TERM (Chapters 6,7,8 & 9) Sunday, March 29 Last day to drop a class and receive a grade of W Monday, March 30 Ch 10: Reporting and Analyzing Liabilities Wednesday, April 1 Ch 10: Reporting and Analyzing Liabilities Friday, April 3 Ch 10: Reporting and Analyzing Liabilities Monday-Sunday, April 6-12

Semana Santa (Madrid Campus closed)

Monday, April 13 Ch 11: Reporting and Analyzing Stockholders’ Equity Wednesday, April 15 Ch 11: Reporting and Analyzing Stockholders’ Equity

Registration for Fall 2020 begins Friday, April 17 Ch 11: Reporting and Analyzing Stockholders’ Equity Monday, April 20 Ch 13: Financial Analysis: The Big Picture Wednesday, April 22 Ch 13: Financial Analysis: The Big Picture Friday, April 24 Ch 13: Financial Analysis: The Big Picture Monday, April 27 Ch 12: The Statement of Cash-Flows Wednesday, April 29 Ch 12: The Statement of Cash-Flows Friday, May 1 Día del Trabajador (Madrid Campus closed) Monday, May 4 Ch 12: The Statement of Cash-Flows

Wednesday, May 6 REVIEW Thursday May 7 FINAL EXAM 12:00-15:00