AMIS H211 -- Honors Introduction to Accounting I -- Fall 2003

Class Meetings:   Tue/Thu/Fri
Section 00016-0 -- 
 8:30-10:18   SB 310
Section 00017-5 -- 10:30-12:18   SB 310

Professor Richard A. Young
 
Course Assistant: Liz Ribich

Liz Ribich Photo
young.53@osu.edu

ribich.3@osu.edu

Phone: 292-0889

Phone: 488-3914

Office: Fisher 410  
Cell: (419) 290-8511

Hours: by appointment  
Mornings are best for consultation.

Professor Young's Webpage


 

Introduction

This class is an introduction to accounting. Accounting serves as a way of communicating information within the firm, as well as about the firm to the market for investors. It is hard to imagine how our economy would function without accounting information.

We will spend lots of times understanding the logical system of recording events that is unique to accounting. We will practice doing the accounting and we will discuss why it is done the way it is. We will address such questions as:

The questions above are arranged from the more detailed to the more expansive. The more detailed questions will be addressed by problems from the text. The more expansive questions will be addressed by textbook and additional outside readings and class discussion. Study at both the detailed and expansive level are important if one is to develop an appreciation of the importance of accounting in business and, more generally, in all aspects of our economy.

Student Responsibilities

This being an honors class, I expect you to attend every class.  You are legitimately excused from class only for illness, injury, or family emergencies.  All absences should be explained to me, as soon as possible.  E-mail is a good way to contact me for this purpose.

Along with learning about accounting, oral communication skills are being built through classroom attendance and active participation.  Active participation is expected and will be encouraged. Volunteers will be sought to answer questions or write problem solutions on the board. Sometimes I will call on students even if they have not volunteered.

Consistent with University policy, I expect you to spend at least 2 hours outside of class for every hour you spend in class.  This is a 5-credit course, so you can expect to spend 10-12 hours per week outside of class preparing homework solutions, studying, reading, etc. You are welcome and encouraged to discuss homework problems with your classmates.  However, each student is to turn in his or her own solution. In many cases, you will be asked to work out a problem before we have discussed the material. The purpose is to make sure you are familiar with the problem and have struggled with it a little so that our discussion can be more productive. The homework will be graded with consideration of its difficulty and the amount of relevant discussion we have engaged in prior to its assignment.

Written as well as oral communication is important no matter where you go in life. Some of you may have good basic writing skills, but we will be developing your technical writing skills in this class. Both logic and the rules of grammar are important in technical business writing. Professor Rama Ramamurthy will primarily be the one working with you on your writing skills. Professor Ramamurthy is an expert in business communications. You can contact Professor Ramamurthy by E-mail or by phone at 292-7397. Professor Ramamurthy has placed some resources for writing and oral presentations on the web.

Examinations are individual, closed-book and closed notes.  They will be challenging, and I consider their difficulty when assigning final grades.  The best way to prepare for exams is to rework problems after each class on a regular basis.  Cramming the evening before an exam is unlikely to be effective.  You can be confident that you are prepared for the exams if you know how to work the problems "forwards and backwards."

Performance Evaluation

The distribution of points appears below. Course grades will follow a straight curve, with a possible adjustment for unexpected examination difficulty. Improvement is taken into account on an objective basis, as examinations are weighted more heavily as we proceed. No makeup midterms will be given. Makeup finals will be given only if excused by University guidelines. Please plan your break around the final examination date (to be announced).

  Class Participation
100
pts.
  Written Homework 
100

  Writing Assignments  
150

  Midterm I
175

  Midterm II
225

  Final Examination
250

  Total 
1,000
pts.

 Required Materials

1) Antle, R. and S. Garstka, Financial Accounting 2nd edition, South-Western. Available in OSU Bookstore, Long's, and SBX. (ISBN: 0-324-19210-X).
2) Antle, R. and S. Garstka, Questions, Exercise, Problems and Cases 2nd edition,  South-Western Available in OSU Bookstore, Long's, and SBX. (ISBN: 0-324-19209-6). Be sure to get the RED (Undergraduate) version of QEPC.
OR: Buy 1) and 2) as a shrink-wrapped package: (ISBN: 0-324-18075-6).
3) Readings and problems.  Available only at the Tuttle office of Cop-Ez.

Course Outline

I have assembled a tentative Course Outline.  I will pass the "final" version of the Course Outline the first day of class. During the quarter, the outline  might be adjusted, and additional assignments might be distributed.