NYU Stern School of Business

Undergraduate College

ACCT-UB.0001.004 (C10.0001): PRIN OF FINANCIAL ACCTG

Spring 2012

Instructor Details

Shehata, Amal

ashehata@stern.nyu.edu

646-528-9054

Tues 12:15-1:00pm, Thurs 9:45–10:45am

KMEC 10th floor

 

Course Meetings

TR, 11:00am to 12:15pm

Tisch T-200


Final Exam:  date is TBD

Schedule exceptions
    Class will not meet on 3/13 and 3/15/12 (spring break)
 

 

Course Description and Learning Goals

Course Description:

This course provides an introduction to the fundamental concepts of financial accounting. The objective of the course is to help you become intelligent readers of the 4 financial statements: the balance sheet, income statement, statement of retained earnings and cash flow statement. Achievement of this goal requires an understanding of the basic principles that underlie accrual accounting, as well as an appreciation of the amount of judgment required in applying these principles. I will regularly refer to current events that show the impact of accounting in the business world. A solid understanding of accounting is one of the basic building blocks of the business world.

Course Information and Requirements:

 

Course Outline

Please note: the dates listed below are subject to change. Assignments will be posted at a later date.

DATE

CHAPTER

January 24, 2012

Chapter 1: Financial Statements and Business Decisions, including supplement A

January 26, 2012

Finish Chapter 1 and begin Chapter 2: Investing, Financing Decisions and the Balance Sheet

January 31, 2012

Chapter 2: Investing, Financing Decisions and the Balance Sheet

February 2, 2012

Finish Chapter 2 and begin Chapter 3: Operating Decisions and the Income Statement

February 7, 2012

Chapter 3: Operating Decisions and the Income Statement

February 9, 2012

Finish Chapter 3 and begin Chapter 4: Adjustments, Financial Statements and the Quality of Earnings

February 14, 2012

Chapter 4: Adjustments, Financial Statements and the Quality of Earnings

February 16, 2012

Finish Chapter 4

February 21, 2012

Midterm 1

February 23, 2012

Chapter 6: Sales Revenue, Receivables and Cash

February 28, 2012

Finish Chapter 6 and begin Chapter 7: Cost of Goods Sold and Inventory

March 1, 2012

Chapter 7: Cost of Goods Sold and Inventory

March 6, 2012

Chapter 7: Cost of Goods Sold and Inventory

March 8, 2012

Chapter 8: Property, Plant and Equipment; Natural Resources; and Intangibles

(No class on 3/13 and 3/15)

March 20, 2012

Chapter 8: Property, Plant and Equipment; Natural Resources; and Intangibles and begin Chap 9

March 22, 2012

Chapter 9: Liabilities

March 27, 2012

Chapter 9: Liabilities

March 29, 2012

Finish Chap 9 and Review

April 3, 2012

Midterm 2

April 5, 2012

Chapter 10: Bonds

April 10, 2012

Chapter 10: Bonds

April 12, 2012

Chapter 10:  Bonds

April 17, 2012

Chapter 13: Statement of Cash Flows

April 19, 2012

Chapter 13: Statement of Cash Flows

April 24, 2012

Chapter 13: Statement of Cash Flows

April 26, 2012

Chapter 11: Owner’s Equity

May 1, 2012

Chapter 11: Owner’s Equity

May 3, 2012

Review

TBD

Cumulative Final Exam

 

Required Course Materials

Required Text and Material:

 

Assessment Components

Grading:

Exam 1

25%

Exam 2 25%
Final Exam 35%
Quizzes/HW 10%
Attendance/Participation/Class Preparation      5%

All exams are cumulative, closed book/note and there are no make-up exams.  Calculators are permitted (no computers, smartphones or blackberries). 

 

Grading

 Grades determined following the Undergraduate Grading Guidelines for Core Courses:

All exams are cumulative, closed book/note and there are no make-up exams.  Calculators are permitted (no computers, smartphones or blackberries). 

 

Professional Responsibilities For This Course

Attendance

 
Participation

In-class contribution is a significant part of your grade and an important part of our shared learning experience. Your active participation helps me to evaluate your overall performance.
You can excel in this area if you come to class on time and contribute to the course by:

 

Assignments

 

Classroom Norms

 

Stern Policies

General Behavior
The School expects that students will conduct themselves with respect and professionalism toward faculty, students, and others present in class and will follow the rules laid down by the instructor for classroom behavior.  Students who fail to do so may be asked to leave the classroom. 

 

Collaboration on Graded Assignments
Students may not work together on graded assignment unless the instructor gives express permission. 

 

Course Evaluations
Course evaluations are important to us and to students who come after you.  Please complete them thoughtfully.

 

Academic Integrity

Integrity is critical to the learning process and to all that we do here at NYU Stern. As members of our community, all students agree to abide by the NYU Stern Student Code of Conduct, which includes a commitment to:

The entire Stern Student Code of Conduct applies to all students enrolled in Stern courses and can be found here:

Undergraduate College: http://www.stern.nyu.edu/uc/codeofconduct
Graduate Programs: http://w4.stern.nyu.edu/studentactivities/involved.cfm?doc_id=102505

To help ensure the integrity of our learning community, prose assignments you submit to Blackboard will be submitted to Turnitin.  Turnitin will compare your submission to a database of prior submissions to Turnitin, current and archived Web pages, periodicals, journals, and publications.  Additionally, your document will become part of the Turnitin database.

 

Recording of Classes

Your class may be recorded for educational purposes

 

Students with Disabilities

If you have a qualified disability and will require academic accommodation of any kind during this course, you must notify me at the beginning of the course and provide a letter from the Moses Center for Students with Disabilities (CSD, 998-4980, www.nyu.edu/csd) verifying your registration and outlining the accommodations they recommend.  If you will need to take an exam at the CSD, you must submit a completed Exam Accommodations Form to them at least one week prior to the scheduled exam time to be guaranteed accommodation.

 

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