University of Texas at Dallas

AIM 2301 – Introduction to Financial Accounting

SPRING 2005
Section 002 – Monday/Wednesday 2:00-3:15

Instructor: Amy Troutman

Office: SOM 4.419
Phone: 972-883-6719
Email: Use WebCT or amybass@utdallas.edu
Office Hours: Monday/Wednesday 3:30-5:00 or by appointment

Course Description and Objectives:

The presentation will consist of moderately technical expositions of concepts and material, however, the
primary focus will be that of the user, rather than the preparer of accounting information. Throughout
the course we will illustrate applications of accounting principles with real examples.

Course Prerequisites:
The course has no formal pre-requisites and no special skills are necessary. The quantitative aspects of
the course will require only elementary computational skills; however a calculator will be required.

Course Materials:
ð Financial Accounting-The Impact on Decision Makers (The Alternatives to Debits and Credits)
4th Edition by Porter and Norton

Course Policy on Attendance:

It is critical to your success that you attend each session, thus attendance will be taken at each class.
Office hours are not a substitute for coming to class, therefore, I will not go over material covered in
class with you if you have missed class. More importantly, there will be numerous handouts (sample
problems) distributed in class which you may use on the exams. It is the student’s responsibility to sign-
in at the beginning or end of each class. Attendance prior to the last ADD day (January 14th) will not be
used for grading purposes. You are allowed two “free” missed class-day without affecting your
attendance grade following January 14th.

Grading Policy:
The overall course grade will be comprised of the following:
Exams #1, #2, and #3 will count 20%, 30%, and 40% respectively….. 90 %
Classroom Attendance ………………………………………………. 10 %
TOTAL ………………………. 100 %
Exams: All exams will be in-class, open-notes exams. “Open-notes” means that you may utilize any
handwritten notes taken in class as well as out of class materials (such as homework problems) and any
handouts from class. The use of the text or any photocopied materials will not be permitted on exams.
In addition, the use of any electronic communication device is not permitted during the exam. This
explicitly includes laptops, cell phones and pagers. You may use a calculator during the exam. All
exams will be given in the auditorium, room SOM 1.118. All students are required to present proof of
identification at the time of the exam. Acceptable documentation must be a picture identification such as
official UTD Comet Card, Passport, or State approved driver’s license.

Missed Exams : To receive a grade in the course, students MUST take all exams. Under no
circumstances, none, zero, will a student be allowed to “substitute” one exam for a missed exam.
Students missing an exam must contact me prior to the scheduled exam time and make a mutually
agreeable arrangement for the makeup exam. Failure to take the make-up exam at the agreed time and
place will result in a grade of zero. Students with anticipated absences (such as a documented university
sponsored event) should contact me prior to the absence. Make-up exams will be a different exam
than the one given in class and will be closed-book, closed-notes. You will not be allowed to
use any class materials on make-up exams.

Disposition of Exams :
As per school policy, exams will be retained for one year and then destroyed.

Use of Computers and Recording Devices

Audio or videotaping of class lectures is prohibited. Students may use laptops to record their notes
subject to the following provisions: (1) the computer must be silent with speakers muted, (2) THE
COMPUTER CANNOT BE CONNECTED TO THE INTERNET. Students failing to follow these rules will be
asked to leave the classroom. Under no circumstances will students be allowed to use their computers
on exams. Students may print one copy of their notes for their exclusive use on the exam if they desire,
but they are prohibited from distributing their notes.

Academic Dishonesty
Candidates are expected to be above reproach in scholastic activities. Candidates who engage in
scholastic dishonesty are subject to disciplinary penalties, including the possibility of failure in the course
and dismissal from the University. “Scholastic dishonesty includes, but is not limited to cheating,
plagiarism, collusion, the submission for credit of any work or materials that are attributable in
whole or in part to another person, taking an examination for another person, any act designed
to give unfair advantage to a student or the attempt to commit such acts.” 1 Since scholastic
dishonesty harms the individual, all candidates, and the integrity of the University, policies on scholastic
dishonesty will be strictly enforced.

1
(Regents’ Rules and Regulations, Part One, Chapter VI, Section 3, Subsection3.2, Subdivision 3.22

2
 Topic Class Assignment
1/10 Introduction to Course None

1/12 Chapter 1- Accounting as a Form of Communication Pages 4-22

Problems: E1-1, E1-3, E1-7, E1-12, P1-5

1/17 Martin Luther King, Jr. Holiday NO CLASS TODAY

1/19 Chapter 2 – Financial Statements and the Pages 57-76
and Annual Report Problems: E2-4, E2-9, P2-3
1/24 Terminology - Classifications
Accounting equation and transactions

1/26 Chapter 4 – Income Measurement and Pages 156-165

and Accrual Accounting Problems: E4-4, E4-7
1/31 revenue principle Example: Costco
matching principle Example: AOL
adjusting entries

2/2 Ratios Pages 666-670

Problems: E13-4 (skip part 3)
2/7 Review for Exam

2/9
EXAM #1
2/14 NO CLASS TODAY!
2/16 Chapter 6 – Read: pp. 263-275
and Accounts Receivable Problems: E6-8(ignoring direct write-off), E6-9
2/21 Notes Receivable Example: Boston Chicken
Ratios

2/23 Chapter 7 – Inventory Read: pp. 298-304, 310-320

SID/LIFO/FIFO/WAVE
Accounting Principles and Inventory

2/28 Chapter 8 – Non-current Assets Read: pp. 366-376

and Depreciation methods Problems: E8-3, E8-4, E8-5, E8-6
3/2 Asset Disposals and Gains/Losses Example: Waste Management

3/14 Chapter 9 - Current Liabilities Read: pp. 419-424

3/16 Review for Exam #2

3/21
EXAM #2
3/23 Careers in Accounting

3
3/28 Valuation of Long Term Liabilities Read: pp. 433-443
and Present Value Problems: E9-16, E9-17
3/30 Future Value
Annuities
Perpetuities

4/4 Chapter 10 – Bonds and Leases Read pp. 498-507

and Problems: E10-4, E10-9
4/6 Example: Transaction Systems Architects

4/11 Chapter 12 – Statement of Cash Flow Read pp: 592-607, 617-619

and
4/13
4/18 Chapter 11– Owners Equity Read: pp. 536-553
Common, Preferred, and Treasury Stock Problems: E11-3, E11-6, E11-8
Dividends
Ratios

4/20 Review for Exam #3

4/25
EXAM #3