ACCT B305 / Spring 2020 / Page 1 of 12

Intermediate Accounting I

ACCT B305-001 Spring 2020

Course Location: Miller 204

Class hours: MWF 9:30-10:20 a.m.

Instructor: Daphne Main, PhD, CPA

Office Location: Miller 329

Phone: 504.864.7936

Email: dmain@loyno.edu

Office hours: MWF 10:30-11:30 MW 1:30-2:30

often here on T/Th (but call ahead if coming from off campus!) and by appointment

Terms of Use A student's continued enrollment in this course signifies acknowledgment of and agreement with the statements, disclaimers, policies, and procedures outlined within this syllabus and elsewhere in the Blackboard environment. This Syllabus is a dynamic document. Elements of the course structure (e.g., dates and topics covered, but not policies) may be changed at the discretion of the professor.

College of Business Mission Statement

In the Ignatian tradition, the mission of the College of Business is to provide a superior value-laden

education that motivates and enables students to become effective and socially responsible business

leaders. We strive to contribute quality research, serve local and intellectual communities, and graduate

students who possess critical thinking skills and courage to act justly in a global business environment.

Course Description: ACCT B305 Intermediate Accounting I 3 crs. First of a two-course sequence. This course examines accounting concepts and principles that support the financial statements and related disclosures for external financial reporting in the United States. Emphasis is on financial statement presentation and disclosure through development of skills in recording and reporting transactions, identification of financial reporting and measurement alternatives, and interpretation of the effects of alternatives on the financial statements. Coverage includes an overview of major financial statements including the statement of cash flows, revenue recognition, and asset topics.

Prerequisite: ACCT B202*, sophomore standing

NOTE:

You must earn a C or better in ACCT B305 (or its equivalent) to move onto ACCT B306,

You must earn a C or better in ACCT B306 (or its equivalent) to take ACCT B307 (Government and Nonprofit Accounting), ACCT B400 (Advanced Accounting, ACCT B403 (Auditing and Assurance Services), and ACCT B460 (International Accounting).

ACCT B305 / Spring 2020 / Page 2 of 12

Required Course Materials: We will use WileyPlus for Intermediate Accounting 17e, which includes the highlight-able e-textbook,

homework manager program, adaptive practice, and CPA exam multiple choice questions from the Wiley

CPA Excel review course. The cost is $136.50 if purchased on the WileyPlus website, so I am told. Pay an

additional $22 to get WileyPlus with a downloadable textbook. Or pay $180 for get WileyPlus together with a

loose-leaf hard copy of the text, or $43.50 additional (strongly recommended for accounting majors).

To register for your course simply go to www.wileyplus.com/go/login. Click “Sign up now” to

create an account. You will be asked to enter your course section ID (A73521) for Spring 2020

- Intermediate Accounting to find your course and complete the registration process.

If you already have a WileyPLUS account, just log in and click the yellow ‘Add more courses’

button. You will be asked to enter your course section ID (A73521) to find your course and

complete the registration process.

The 17th edition textbook by chapter is also on two-hour reserve at the Library circulation desk.

You will also use this WileyPlus course in International Accounting, as well as to study for the CPA Exam

(so it really is cost effective!). There were some significant changes in the accounting standards between

the 16th and 17th edition, especially for Intermediate II, so I do not recommend buying an older edition of the

textbook.

You will also need a cheap calculator or Texas Instruments BA-II+ calculator used in Finance classes for

in-class exams as NO cell phones are allowed during exams.

You MUST check your Loyola email frequently as I may send mass emails regarding course

content/coverage through Blackboard! YOU are responsible for whatever I send via email as well.

Failure to read your email is not an acceptable excuse. You can get your Loyola email to forward

automatically to your preferred email account.

Expected Student Course Learning Objectives 1. Prepare in good form a balance sheet, income statement, statement of retained earnings, and

statement of cash flow. (BAcc 1.1)

2. Show how these four financial statements articulate. (BAcc 1.1)

3. Complete the accounting cycle from journalizing through closing the books. (BAcc 1.1)

4. Demonstrate an understanding of accounting concepts. (BAcc 1.1)

5. Demonstrate how to account for current assets and revenue recognition. (BAcc 1.1)

6. Analyze accounting output and interpret the results (BAcc 2.1)

7. Identify ethical impact of earnings management and earnings manipulation (BAcc 5)

Confidentiality of Grades:

Under the federal confidentiality regulations (the Buckley Amendment), access to personally identifiable

information from educational records must be limited without a student's prior written consent. Hence, for

your privacy, grades will not be given over the phone to anyone nor will they be physically posted.

You are responsible for auditing your grades recorded on Bb, thus do not dispose of your graded

material until after the semester ends.

ACCT B305 / Spring 2020 / Page 3 of 12

Criteria for Assigning Course Grade and Grading Scale Your final grade will be determined by your performance on the following:

Your three highest scores on four multiple choice tests @ 100 points each 300

Two take-home exams @ 125 points each 250

Take-home final exam 175

WileyPLUS homework (your percentage of the second highest total points earned out of about 1300 raw points * 420 points)

420

MC quizzes on WileyPlus (10 points each)

80

Attendance You start with 25 points and for every class missed over the three absences considered not to be excessive by the University, you lose 5 points.

25

Participation 10 points for talking to me about your future plans by Friday, April 24 10 points for asking questions in class or in office hours 10 points for completing Portfolio requirement in a timely manner, as defined by the

Portfolio Office (if you are late, you lose the 10 points, but you can earn back 5 points and avoid an F in Portfolio by completing requirements by May 3)

30

Total points 1,280

Attendance Policy & Participation Expectations Attendance really helps to make sense out of the material. You should know that people who do not attend

regularly often end up dropping or failing the course…To encourage your attendance, I have given each of

you 25 points towards your final grade.

You will lose 5 points for every class missed beyond the three unexcused absences deemed acceptable by the University. It is possible to lose more than 25 points for excessive absences. I will use a sign-in sheet for attendance and you are responsible for signing in each day to avoid being counted absent. Athletic or other University-related absences verified by letter do not count towards these absences. It is possible to lose more than 25 points, but please come see me if you have issues with missing class more than three times.

You are expected to participate in class by asking questions as well as by answering questions. I do not know

that you don't understand unless you ask me questions!

Class Conduct Information:

You are expected to conduct yourself at all times in a professional business-like manner.

Do not use a laptop during class. You learn better by taking notes by hand. Professionals do not

surf the web, look at Facebook, etc., or text during meetings or class. If you need to use a laptop for notetaking, please sit in the very back row to avoid disrupting other students’ attention.

As stated in the Undergraduate Bulletin, any disruptive activities within or outside the classroom will not be tolerated.

Your primary job at this time is getting your education.

If you need to leave class for any reason, please sit on the center aisle to avoid distracting others.

ACCT B305 / Spring 2020 / Page 4 of 12

Coursework and Schedule

COURSE CALENDAR:

Coverage dates are tentative, depending on the questions I get during class on the material. See the course

calendar, which is considered to be a part of this syllabus.

HOMEWORK:

You will complete algorithmic homework on WileyPlus for every chapter to help you learn the material. Your

final grade on the homework will be the percentage you achieved of the second highest total points

achieved multiplied by 420 points.

Print out the HW assigned for the chapter, not only so you can work it more easily, but also to see what you are being asked to do before we get there in class.

There are due dates on each batch of homework and late submissions are docked 10%. Professionals get

their work in on time. Grading is cutoff on the time specified, which should be 11:59 pm on the due date

(generally Wednesdays), so you have a chance to ask questions before it is due. The exceptions are for

quizzes and HW due before an exam, as noted on the calendar. If the due date or time is NOT what I say

here, it is a mistake and please let me know so I can correct it!

QUIZZES:

You can also earn up to 80 points by completing the MC quizzes as a way to test your knowledge for the in-

class multiple-choice exams. You need to learn how to approach multiple-choice questions because all

professional exams (CPA, CFA, etc.) include many multiple-choice questions.

IN-CLASS MULTIPLE CHOICE EXAMS:

Three multiple-choice exams will be given through the semester (and the 4th multiple choice exam will be

given on the date of the final). Your three highest scores will count, so if you have a bad day, you have a

chance to redeem yourself.

The main reason for giving multiple-choice exams (and the related online MC quizzes) is to have you learn

how to deal with multiple-choice questions on professional exams, whether it is the CPA Exam or the CFA or

Series 6, etc. To this end, if the average is less than 70%, I will have you re-do the questions that more than

half the class missed, but for you to earn full points, you must show your work or look up the page number to

make sure you do not repeat the same mistakes.

For these you may not use your phone as a calculator, so you will need a cheap calculator. You are welcome

to use the time value of money calculator (Texas Instruments BA-II+) you purchased for Finance, but I will

provide tables if required.

TAKE-HOME EXAMS:

Take-home exams (including the final) may be completed in a small group (of not more than THREE students).

These have longer problems that require more analysis and thought. You may use the book and notes to

work these. You may consult with me if you or your group has questions, but not with other people or

Google (the information is often out-of-date or wrong). I do know how to Google, too…See Academic

Honor Code below.

The group will submit one final copy of its exam answers, with each person’s signature on it, and each

person receives the same grade for the exam (as long as each person hands in a draft of the answers).

You will maximize your grade ONLY if each group member works the exam individually and then you meet to

compare answers and resolve differences…

Late take-home exams will be docked points! You may email me scanned exams or pictures of your take-

homes to me, but be sure any responses are dark enough before scanning or faxing. Also be sure the file is

more than ¼ of the page (i.e., I must be able to print it to grade it) or points will be deducted. There are free

scanner apps for both iPhone and Android: AdobeScan or Camscanner. Just taking a photo of your

papers really does not work well when I print your work off.

ACCT B305 / Spring 2020 / Page 5 of 12

You must show your work to receive credit on a computational problem on the final copy of take-home

exams. Show me the work with the answer, not on some other page, please. I will not search through the

back of the exam looking for calculations.

No credit (namely, 0 points) will be given for an unsupported answer.

Label your calculations on take-home exams, or points will be deducted. On the job, you are expected to

provide labels on supporting computations in memos to your boss or client and for the files.

To reiterate, all members of a group must hand in his or her draft answers for all

problems. Free riders will have their grades reduced: which means your failure to

provide a draft of an answer for a problem = no credit for you for that question.

You do not need to type your final answers to be handed in: just be tidy. You may highlight your final answer

to make it easier to find.

WARNING! If I see the same (odd) errors or phrasing on different group

exams, I will presume all of you failed to follow Loyola’s academic honor code

(see below) and each person in all groups involved will get a zero on the test,

whether or not you individually were involved. So don’t do it!

I report all suspected failure to follow the Academic Honor Code to the Associate Dean, who will record each group member’s name on the list of students who have violated the University academic integrity policy. Don’t be caught relying totally on someone else’s work—it usually ends up badly, ranging from a poor grade to a zero.

Consequences for violating the Academic Honor Code that go into your permanent file include: letter of

censure, failing grade for assignment, and/or a failing grade for course. Repeated infractions will lead to

suspension or dismissal from the University, with the reason noted on your transcript.

Academic dishonesty implies poor moral character and will disqualify you from professional licensure.

Academic Honor Code: (as quoted from the Loyola Undergraduate Bulletin

http://2018bulletin.loyno.edu/academic-regulations/academic-honesty-and-plagiarism; bolding is mine).

You are responsible for following these principles in ALL the academic work you do at Loyola, even

if the professor does not explicitly say that the Honor Code applies to a given assignment!

Academic Honor Pledge In accordance with the Academic Honor Code of Loyola University New Orleans, I pledge I will not cheat,

lie, falsify, plagiarize, or participate in any form of unauthorized collaboration, misuse or misrepresentation

of my academic work or the academic work of others in any manner. I will be honest in all academic

endeavors and conduct myself in a manner that protects and promotes the intellectual and ethical

integrity of myself, others, and the University.

All students, whether enrolled in on-campus or online programs, must acknowledge and agree to be bound by the Academic Honor Code. Each student is required to do so upon their first log-in to LORA, and cannot register for courses or access their account prior to this agreement. (YOU will sign this pledge on each exam in this class.)

The Academic Honor Code of Loyola University New Orleans represents the University community’s commitment to the highest intellectual and ethical standards of honesty, integrity, fairness and justice.

ACCT B305 / Spring 2020 / Page 6 of 12

Violations of the Academic Honor Code include but are not limited to cheating, lying, false citations, falsified data, falsification of academic records, plagiarism, participation in any form of unauthorized collaboration, misuse or misrepresentation of academic work or the academic work of others in any manner, misuse of electronic material, and violation of academic property laws. A student in doubt about whether a particular course of conduct violates the University’s Academic Honor Code should consult with the course instructor before engaging in that conduct. (Bolding below is my own.)

Cheating

Cheating is the fraudulent or dishonest presentation of work. Cheating includes but is not limited

to:

using or attempting to use unauthorized materials in any academic coursework

copying, falsifying, destroying, or altering another student's work

submitting the same written work in more than one course without prior written approval

from the instructors involved

dishonestly requesting to make up exams, extend deadlines for submitting coursework

plagiarizing in any form

False Citations False citation is the attribution of intellectual property to an incorrect or fabricated source with the intention to deceive. Falsified Data False data are data that have been fabricated, altered, suppressed, manipulated, or contrived in such a way as to be deliberately misleading. Falsification of Academic Records Falsification of Academic Records is any attempt to forge or alter academic documentation, includes, but is not limited to, transcripts, letters of recommendation, certificates of enrollment or good standing, registration forms, and medical certification of absence. Plagiarism Plagiarism is act of taking the work or ideas of another and representing it as one's own. The Modern Language Association Handbook defines plagiarism as follows: "Plagiarism involves two kinds of wrongs. Using another person's ideas, information, or expressions without acknowledging that person's work constitutes intellectual theft. Passing off another person's ideas, information or expressions as your own to get a better grade or gain some other advantage constitutes fraud" (Seventh Edition, 2009, p. 52). Unauthorized Collaborations Unauthorized collaborating is completing coursework with other(s) without prior approval. Students are expected to consult with their instructor prior to engaging in cooperative activities.

Misuse of Electronic Materials and Violations of Academic Property Laws Access and use of licensed electronic materials are governed by agreements between the University and publishers or sellers of the services. Students must comply with the prohibitions stated below.

selling or public posting of material from these services

sharing your login with anyone else or allowing access to unauthorized users

giving away or transferring information from these services to anyone not affiliated with Loyola University New Orleans

systematic, large-scale downloading of information, including entire issues of electronic journals or entire electronic books

ACCT B305 / Spring 2020 / Page 7 of 12

Other breaches of the Academic Honor Code include:

the misrepresentation of material facts or circumstances in relation to examinations, papers, or other evaluative activities

the unauthorized use of University academic facilities or equipment, including computer accounts and files

the unauthorized recording, sale, purchase, or use of academic lectures, academic computer software, or other course materials

the violation of Institutional Review Board (IRB) policies and procedures

Extra Credit Policy:

Typically, bonus points have been offered for attending professional presentations on or off campus. These have included guest speakers from finance and accounting presented by Beta Alpha Psi (T or Th during the window) and Networking Night. I do not offer extra credit on an individual basis.

Grading Scale: A straight scale is used in determining your grade. I do not force grades to fit a bell-shaped curve. Because

of the way the University weights “minus” grades, I do not assign them except in highly unusual cases. For

example, a B+ would be between 87-89% of the total points available, a B would be between 80-86%. I

round to the nearest whole number on my Excel spreadsheet to determine your percentage at semester

end, so do not complain to me about being one point away—the rounding takes care of that. Make sure

you do as well as you can during the semester to avoid being disappointed at the end.

I would be delighted if every one of you mastered the material well enough to earn an A! Remember I am

available for help before and after class, and often on non-class days as well!

Incomplete Grade in Course: An incomplete will be given only for coursework that cannot be completed for reasons beyond your

control. Per University policy, an incomplete cannot be given to avoid a failing grade.

Additionally, if you drop the course, YOU have to take care of the administrative details. Failure to do so will result in an F for the course. This means you cannot just quit attending and expect to be dropped from the course.

Please come see me, Melissa Ridley, or Dean Barnett if you are having difficulties in school or personally—we can help you more easily if you don’t just disappear. Remember, the Counseling Center in the Danna Center and the Student Success Center are also here to help you!

Suggested Study Strategies: Re-reading the material is a waste of time! Cognitive Science research tells us that students think

they "know" the material when they are only really "familiar" with it (i.e., they can recognize that they

have heard/seen the information).

However, to perform well on tests, you must be able to recollect it, which requires you to be able to

use the information without study aids.

Rereading the material only helps you become familiar with the information. Actually working

problems without assistance or teaching someone else how to work a problem, such as a study

buddy, are the best techniques for really "knowing" it.

SO, rewrite your notes, re-do your homework on blank pages, and work the practice multiple choice questions—there are additional practice MC questions in the Study Guide available on WileyPlus. Engaging actively with the material is the most effective way to study!

Working each problem is essential to understanding the logic and method that underlie them.

I try to gear my examples in lecture to assigned homework.

ACCT B305 / Spring 2020 / Page 8 of 12

You should always attempt each problem assigned: the listed order follows the lecture and generally

is in order of easiest to most difficult within topic. If you find you are taking 20 or 30 minutes to

figure out what the problem wants (some problems will take 30-45 minutes to work all the way

through, though not many), jot down your difficulties, go on to the next problem, and then

come see me.

Working additional problems will improve your problem-solving ability. Using the Orion self-

assessment material and study guide problems on WileyPlus for each chapter can be extremely

helpful (the answers are provided). You face a time limit on exams (and on the job): thus, the more

problems you work as practice, then the faster you can work through the exam and still have time left

to review your computations.

Information on the CPA Exam:

To check out the computer-based CPA exam, go to www.cpa-exam.org to see a tutorial and additional

information. They include a simulation of the exam, which will include simulations (including EXCEL

spreadsheets) and professional accounting research using FARS (which is covered in Advanced and

International).

In Louisiana, you cannot apply to sit for the exam until you have earned a bachelor’s degree. Our major

requirements meet the Louisiana accounting and business course requirements to apply to sit. If you are

interested in sitting for the exam, we strongly recommend you take 18+ hours every semester to maximize

the likelihood of graduating with 150 hours (or close to it) in four years. The additional 30 hours of college

coursework can be in anything. The Big-4 accounting firms generally will not hire graduates that do not have

the 150-hour requirement for licensure. Come talk to me about strategizing your scheduling!

The State Board/NASBA must receive your application 90 days before you plan to sit for the exam. Therefore,

if you are planning to complete a second degree in Finance or otherwise try to get 150 hours at Loyola, you

would be wise to save some accounting courses for the end to have some of the accounting material fresher

when you start taking sections of the CPA exam.

States differ in their requirements both on when you can sit for the exam and on the necessary coursework

to sit for the exam, so be sure to come see me (I have printed off the requirements for many states) or

contact the state board where you plan to take the exam (always smart because sometimes a Board will

modify the regulations in their minutes). About 1/3 of states only require 120 hours to sit. See

www.nasba.org or the Becker CPA Review website for easy access to individual state requirements

http://www.becker.com/accounting/cpaexamreview/state/

The format of the CPA exam is about 80% objective questions (multiple choice, true-false, etc.) and 20%

simulations. The simulations have a writing component that will be graded on both technical knowledge and

on communication ability including grammar, spelling, and sense. Taking writing courses for your electives

would be very useful, not only for the CPA exam, but also because employers often complain that accountants

cannot communicate well in writing. You will have to use EXCEL to solve problems for simulation problems.

See also these websites:

http://www.aicpa.org/BECOMEACPA/Pages/BecomeaCPA.aspx

http://www.cpaexamhelp.com/

https://www.another71.com/ CPA exam study tips

http://goingconcern.com/ salaries, CPA exam, and accounting tidbits, snark

http://crushthecpaexam.com/cpa-blog/

https://www.reddit.com/r/Accounting/ general accounting discussions

https://www.reddit.com/r/Big4/ working for the Big 4

https://www.reddit.com/r/accountinghumor/

https://www.reddit.com/r/CPA/ studying for the CPA exam

The Becker website listed above has links to other worthwhile resources, too.

ACCT B305 / Spring 2020 / Page 9 of 12

A Few Other Accounting Certification Exams:

Chartered Global Management Accountant: CGMA exam www.cgfm.org

Certified Management Accountant: CMA exam www.imanet.com

Certified Internal Auditor: CIA exam https://na.theiia.org/about-us/about-ia/Pages/About-the-Profession.aspx

Certified Forensic Accountant: http://www.acfei.com/forensic_certifications/crfa/

Certified Fraud Examiner: http://www.acfe.com/

A Few Finance Certification Exams:

Certified Financial Planner: CFP exam http://www.cfp.net/about-cfp-board

Chartered Financial Analyst: CFA exam https://www.cfainstitute.org/Pages/index.aspx

Series 7 Broker License: https://www.sec.gov/answers/series7.htm

Chartered Alternative Investment Analyst (hedge funds, derivatives, real estate, etc). https://www.caia.org/

Certified Investment Management Analyst: http://www.imca.org/ Coursework offered by Wharton, Booth School at University of Chicago and Tepper School at Carnegie-Mellon. Holding the CIMA indicates that an adviser has the necessary training to provide objective financial advice to individuals and institutions. It is the only financial-services certification accredited by the American National Standards Institute (ANSI).

And the CPA is often recommended for finance professionals, especially for financial planning or if your career goal is becoming a CFO.

ACCT B305 / Spring 2020 / Page 10 of 12

ACCT B305 Course Calendar Spring 2020 (subject to change)

Sun

Mon Tues Wed Th Fri Sat

Jan 2020

5

6 Intro & Chapter 3—

Accounting Information System

7

8

Chapter 3

9

10 Chapter 3 Last Day to Add

11

12

13 Chapter 3

14

15 Chapter 3

16

17 Chapter 3 Last Day to Drop

18

19

20 Dr. Martin Luther King’s Birthday Holiday

21

22 Chapter 3

23

24 Chapter 3

25

26

27 Chapter 3 TH Exam on WP due

28

29 Chapter 2—Conceptual Framework

30

31 Chapter 2

1

Feb 2020

2 3

Chapter 2

4 HW

& Quiz due

5

MC Exam on Chapter 3

6 7

Chapter 2 Re-do due at start of class

8

9

10 Chapter 5 Part 1—BS TH#1 due start of class

11

12 Chapter 5 Part 1

13

14 Chapter 5 Part 1

15

16

17 Chapter 5 Part 1

18 19 Chapter 24 (pp21-1 to 11, 24-21 to 29)

20

21 Chapter 4—IS

22

23

24

Mardi Gras Break

25 26 27 28 29

Mar 2020

1

2 Chapter 4

3

4 Chapter 4

5

6 Chapter 4

7

8 9 Chapter 5 Part 2—SCF

10

HW & Quiz due

11 MC Exam on Chapters 5 Part1, 24, 4

12

13

Chapter 5 Part 2 Re-do due start of class

14

15

16 Chapter 5 Part 2

17

18 Chapter 5 Part 2

19

20 Chapter 5 Part 2

Last Day to Withdraw

21

22

23 Chapter 6—time value of money

24

25 Chapter 6

26

27 Chapter 6 TH#2 due start of class

28

Apr 2020

29

30 Chapter 6

31

1 Chapter 6

2

3 Chapter 7—Cash & Receivables

4

5

HW & Quiz due

6

In-class Exam on Chapters 5 part 2 & 6

7

8 Chapter 7 Re-do due start of class

9

10 Easter Break

11

12

13 Easter Break

14

15 Chapter 7

16

17 Chapter 7

18

19

20 Chapter 17--Investments

21

22 Chapter 17

23

24 Chapter 17

25

26

27 Chapter 17

28

29 Chapter 17

Last Day of Class

30

1

2

ACCT B305 / Spring 2020 / Page 11 of 12

May 2020

3

4

5 HW & Quiz due

6

Optional MC#4 9-11

Take-home Final due by 5pm

7

8 submit all HW by 4 pm (will lose 10% for being late, but better than a 0)

9

HW and Quizzes due by 11:59 pm Wednesdays, except before exams Your final grade will be determined by your performance on the following:

Your three highest scores on four multiple choice tests @ 100 points each 300

Two take-home exams @ 125 points each 250

Take-home final exam 175

Wileyplus homework

(your percentage of the second highest total points earned * 420 points) There will be over 1300 raw HW points)

420

Multiple choice quizzes (10 points each) for each chapter

(excluding Assignment 0)

80

Attendance

lose 5 points for every class missed over the three absences considered not to be

excessive by the University.

25

Participation

10 points for talking to me about your future plans by Friday, April 24

10 points for asking questions in class or in office hours

10 points for completing Portfolio requirement in a timely manner, as determined by

the Portfolio Office (if you are late, you lose the 10 points, but you can earn

back 5 points and avoid an F in Portfolio by completing requirements by May 3)

30

Total points 1,280

Because learning to apply generally accepted accounting principles is crucial, the algorithmic

WileyPlus homework is 32% of your final course grade.

Free accounting tutoring available in Student Success Center, make an appointment at https://loyno.mywconline.com/

Resources on WileyPlus include:

Downloadable textbook—yours forever…

Homework assignments

Adaptive learning—take 20 question practice quiz and see what you know and what you don’t, so

you can concentrate on what you don’t know

FREE access to Wiley CPA Excel financial accounting MULTIPLE CHOICE questions! Access for

a year after you finish with this WP course (which will be after ACCT B460)

Under Read, Study, & Practice tab, find:

o Text chapter content

o Adaptive personalized practice

o Narrated lecture videos, if you want a different explanation from your notes

o Solution walkthrough videos

o Appplied skills videos on specific topics

o Excel templates

o Practice questions, including multiple choice questions

o Classroom resources

STUDY GUIDE with additional problems and MORE practice multiple choice

questions

Flash cards

PPT slides for the chapter

ACCT B305 / Spring 2020 / Page 12 of 12

Minoring in Accounting:

This can leave your options open in case you change your mind and decide to sit for the CPA Exam later

(not an unusual event…).

As a finance major, the minor in accounting only requires 3-4 more courses beyond the finance major

requirements.

Plus, I cannot tell you how many finance grads have gotten their first job because they had the minor in

accounting on their resume/transcript.

Accounting Minor courses Best classes to take in the event you think

you might eventually want to sit for the CPA

exam

Principles of Accounting (ACCT B202)

Legal Environment (LGST B205) OR Business Law for Accountants (LGST 300)

Offered Fall only

Intermediate Accounting I (ACCT B305)

Intermediate Accounting II (ACCT B306) Note: also serves as a Finance elective.

Required for Finance majors who are following

the 2018-2019 and later DPCL

Tax I (ACCT B300—offered Fall only)

OR

Governmental/Nonprofit Accounting (ACCT

B307—offered Spring only)

Both classes are required to sit for the CPA exam

in LA…

Tax I would certainly be helpful in corporate

finance or personal financial planning careers

Managerial Accounting (ACCT B203) OR Strategic Cost Management (ACCT B310)

Offered Fall only,

Delves into capital budgeting and performance

evaluation using ROI, residual income, & EVA in

more detail than ACCT B203

Accounting elective Options include Tax II—Corporate and

Partnership Tax (Spring only), Audit (Fall only),

Fraud, and more. Counts toward the 24 hours

needed to sit for the CPA exam in LA

Not part of the minor, but instead of MIS (MGT

B250), substitute this instead

ACCT B340—Accounting Information Systems

Offered Spring only

(Counts toward the 24 hours of accounting

needed to sit for the CPA exam in LA)

Come see me about what exactly is required to sit for the CPA Exam in Louisiana and other

states as well.