ACC 110 Outline
ACC 110 Outline
COURSE OUTLINE
Table of Contents
Instructor information..................................................................................................................3
Prerequisites...................................................................................................................................3
Why would you want to study financial accounting?.................................................................3
Undergraduate Calendar Description.....................................................................................................4
Course Objectives....................................................................................................................................4
Required Materials........................................................................................................................4
1. Textbook:.....................................................................................................................................4
2. Calculator:...................................................................................................................................5
3. Internet Access:............................................................................................................................5
Course Evaluation.........................................................................................................................6
What are the details for each type of evaluation?....................................................................................6
1. PreLecture Quizzes - 10%...........................................................................................................6
2. Homework Assignments - 10%....................................................................................................7
3. Midterm - 35%.............................................................................................................................7
4. Final Exam - 45%........................................................................................................................8
Responsibility for Content............................................................................................................8
Teaching Methods..........................................................................................................................8
Method of Posting Grades.............................................................................................................8
Last date to Drop a Course without Academic Penalty.............................................................9
Re-grading or Recalculation of Assessments...............................................................................9
Illness During an Assessment........................................................................................................9
Email Communication.................................................................................................................10
Email Guidelines................................................................................................................................10
Electronic Device Policy..............................................................................................................10
Course Changes...........................................................................................................................10
Missed Examination Policy.........................................................................................................11
What if you miss a prelecture quiz or a homework assignment?............................................................13
What if you miss a midterm?..................................................................................................................13
What if you miss a final exam?..............................................................................................................13
Academic Integrity......................................................................................................................14
Accommodations for Disabilities................................................................................................16
Academic Appeals........................................................................................................................16
Grading System............................................................................................................................17
Ryerson Policies...........................................................................................................................17
Course Schedule...........................................................................................................................19
WileyPLUS Next Gen Schedule..................................................................................................21
NOTE: You are responsible for having read this course outline and, by enrolling in the course,
you acknowledge that you understand and agree to all the policies stated within.
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Instructor information
Wednesday 11:00
Section 011 egrech@ryerson.ca am – 2:30 pm and
Else Grech Friday 9:00 am – Thursday 3:30 pm –
12:00 noon, Phone: 416-979- 5:30 pm (open
POD358 5000 ext. 4506 door)
PLUS
by appointment
(email me please!)
Location: TRS2-103
Prerequisites
In order to major in either accounting or finance you need a firm grasp of how to
PREPARE financial statements. Even if you eventually choose to major in finance, you
can only understand financial statements if you understand the underlying process of
how they are prepared and how business activities are recorded.
This course focuses on analyzing and recording business activities into a company’s
accounting information system in order to produce financial statements. Financial
statements are used by stakeholders (also called users) to make decisions about the
business, usually involving MONEY. It is therefore extremely important that business
activities be recorded correctly because the end product of any accounting information
system, the financial statements, must be dependable and trustworthy.
This course is therefore designed so you can learn how to analyze and record business
activities into the accounting information system but also on how the business activities
impact the financial statements.
It is my hope that, by the end of this course, you will understand the mechanics of any
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accounting information system so that you can move on to the next accounting course
with the required base knowledge.
Designed to prepare students for an Accounting Minor, this course will introduce you to
the interesting and challenging field of Financial Accounting. This is a language designed
to capture, summarize, and communicate the economic facts about an organization in a
set of financial statements and the related descriptive notes. The principles of
accounting and reporting to various users that are external to the organization and
emphasize the decision-makers or users. Financial statement content and the uses and
limitations of this information.
Course Objectives
Required Materials
You are required to purchase all resources IMMEDIATELY AFTER the first class. All
required resources are available from the Ryerson Bookstore although you may find
cheaper alternatives elsewhere, like Kijiji.
1. Textbook:
NOTE: you must buy the book with the required WileyPLUS Next Gen access card, which
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gives you access to the online homework management system. If you purchase a used
book you can purchase a WileyPLUS Next Gen access code from www.WileyPLUS.com.
2. Calculator:
The School of Accounting and Finance has established the use of a specific calculator for
all accounting assessments, including quizzes, tests, midterms, and final exams. The
Casio fx-991, any version, is available for purchase at the Ryerson Bookstore. No other
calculator is permitted in this course.
If you use another calculator when writing any assessment your calculator will be
confiscated and you will be required to write the assessment without the aid of a
calculator. In addition, you may be charged with ACADEMIC MISCONDUCT.
3. Internet Access:
D2L Brightspace is the course management system used by Ryerson University. You will
be required to use the internet to access the content posted on D2L Brightspace:
https://my.ryerson.ca
NOTE: Instructions and policies posted on the D2L Brightspace site are an extension of
the course outline and, as such, must be adhered to.
You will be required to use the internet to access the publisher provided homework
management system, WileyPLUS Next Gen.
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Course Evaluation
The overall grade in this course is composed of the grade in each of the following
assessments:
You must obtain a cumulative final grade of 49.5% or higher to pass this course as per
Senate Policy 461. The cumulative final grade will be calculated based on the grades you
receive on each of the weighted components.
Results of the final grade in the course will ONLY be provided by the Registrar’s Office.
There will be TEN on-line prelecture quizzes. You will access the quizzes on the
WileyPLUS Next Gen website and your answers will be electronically graded. EIGHT of
the prelecture quizzes will be included in the evaluation, totaling 10% of your final mark.
You have THREE attempts to complete the prelecture quizzes and the grade calculated
will be the LAST attempt. Students will be able to review solutions after the due date of
each prelecture quiz on WileyPLUS Next Gen.
Prelecture quizzes are due exactly 7 days following the scheduled lecture. For example,
if your class lecture on Chapter 4 is on Monday, your Chapter 4 PreLecture Quiz will be
due on Sunday night on or before 11:45 pm. Quiz due dates are noted on the WileyPLUS
Next Gen Schedule (last page of this outline) and quizzes will not be available
afterwards.
There will be no extensions or make-ups for these quizzes so missed quizzes will receive
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a grade of zero.
Grades for your weekly prelecture quizzes will be posted on WileyPLUS Next Gen after
the quiz due date. Grades will be transferred to D2L by the grade deadline set by the
Registrar’s Office.
There will be TEN on-line homework assignments. You will access the assignments on
the WileyPLUS Next Gen website and your answers will be electronically graded. EIGHT
of the homework assignments will be included in the evaluation, totaling 10% of your
final mark. You have THREE attempts to complete the homework assignments and the
grade calculated will be the LAST attempt. Students will be able to review solutions after
the due date of each homework assignment on WileyPLUS Next Gen.
Homework assignments are due exactly 7 days following the scheduled lecture. For
example, if your class lecture on Chapter 4 is on Monday, your Chapter 4 Homework
Assignment will be due on Sunday night on or before 11:45 pm. Assignment due dates
are noted on the WileyPLUS Next Gen Schedule (last page of this outline) and
assignments will not be available afterwards.
Grades for your weekly homework assignments will be posted on WileyPLUS Next Gen
after the assignment due date. Grades will be transferred to D2L by the grade deadline
set by the Registrar’s Office.
Learning Objective: Practice helps you learn so we are rewarding you for
practicing the concepts taught during the lecture by giving you marks for doing
your homework.
3. Midterm - 35%
One midterm will be written. The midterm will include content covered in class as well
as material from the course text, whether or not it was covered in class. The midterm
will include approximately 20-30% multiple choice and 60 - 70% problems. The midterm
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will be 3 hours in length and will be CLOSED BOOK.
The grade on your midterm will be posted on the D2L Gradebook within 2 weeks of the
writing of the midterm.
Learning Objective: Check if you can analyze a problem, solve the problem, and
communicate your solution by applying the knowledge that you learned so far
in the course.
The Final Exam will include content covered in class as well as material from the course
text, whether or not it was covered in class. The Final Exam is cumulative, meaning that
it covers all the content throughout the course. The final exam will include
approximately 20-30% multiple choice and 60 - 70% problems. The final exam will be 3
hours in length and will be CLOSED BOOK.
Your final exam grade will be posted on D2L by the grade deadline set by the Registrar’s
Office.
Learning Objective: Check if you can analyze a problem, solve the problem, and
communicate your solution by applying the knowledge that you learned
throughout the course.
You are responsible for the content covered in the lectures as well as material from the
course textbook, whether or not it is covered in class. You are also responsible for any
announcements made in class as well as all announcements made through the Ryerson
Email System and on D2L Brightspace.
Teaching Methods
This course will be taught using the following teaching methods: lecture, small group
discussion, whole class discussion, problem solving, and case analysis.
Online assignments/quiz grades are available through the CONNECT website once
the due date has passed.
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Grades for quizzes and midterms will be posted on D2L Brightspace within 2
weeks of the date the assessment was written.
Grades for the final exam will be posted on D2L Brightspace by the date set by the
Registrar’s Office.
If you do not wish to have your course grades posted on D2L Brightspace you
must inform your instructor, in writing, before the end of the 2nd class.
Final grades will only be provided by the Registrar's Office and will be available on
the web at my.ryerson.ca (RAMSS).
Grades will not be e-mailed or faxed to students.
Being successful in any course at university is up to you. You are given many aids:
excellent instructors in class, instructor office hours, textbooks, homework, videos,
tutoring center that provide tutoring sessions for free.... the list goes on. The midterm is
a marker you can use to determine if your efforts are successful. If the results of your
midterm are not as good as you had hoped, then you are given an opportunity to drop
the course without academic penalty.
The deadline for dropping this course without academic penalty is:
If you drop before this date the course will not show up on your transcript; in fact, it
will be like you never took the course at all!
If you believe that an assessment has not been appropriately graded, or that there has
been a miscalculation of a grade due to an omission, improper addition, etc., you must
contact your instructor to resolve the issues within 10 working days of the return of the
graded assessment to the class. These are not grounds for appeal, but are matters for
discussion between you and your instructor.
You may request a formal re-grade from the department/school chair as set out in
Senate Policy 1343. The grade may go up, down, or remain the same and may not be
subsequently appealed.
If you decide to sit a quiz, test, midterm, or final exam when you feel unwell you have
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made a binding decision to write the assessment. If you choose to leave early due to
your illness you will not be permitted to write a make-up or appeal your grade even if
you get a doctor's note.
The decision to sit a quiz, test, midterm, or final exam is irrevocable. If you are ill before
a quiz, test, midterm, or final exam, consider carefully as your decision is final once you
sit down.
Email Communication
You are required to activate and maintain a Ryerson Matrix e-mail account. This is the
official means by which you will receive university communications. See Policy 157 1 for
more information.
Your emails will be answered by your instructor within three academic days (72 hours),
Monday to Friday, during regular business hours. Emails sent on the weekend will be
responded to at the beginning of the following week.
You are expected to compose emails in a professional manner and include the course
code in the subject line (e.g. AFA100).
Email Guidelines
You may email the instructor about private and confidential issues, such as an illness
that causes you to miss an assessment or about issues that may negatively affect your
ability to do well in this course, such as a prolonged illness or a family issue. You may
also email with regards to grading issues or to make an appointment outside of regular
office hours.
Laptop computers, cell phones, or other devices should not be used for non-classroom
activities as they are distracting to other students and your instructor. If you do not
comply with this rule you will be asked to leave the classroom.
Course Changes
Every effort will be made to manage the course as stated. However, adjustments may be
necessary during the term at the discretion of the instructor. If so, you will be advised
and alterations will be discussed in class prior to implementation. You will also be
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informed of any alterations by email and through announcements posted on D2L
Brightspace.
If you miss an assessment you must follow the Academic Consideration requirements as
noted below (Senate Policy 1342).
You must inform the instructor of any situation that arises during the semester that
may have an adverse effect on your academic performance, and request any necessary
considerations in advance of the related assessment. Failure to do so will jeopardize
any academic appeals.
Academic Consideration:
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grade of ZERO on the assessment. If approved it is your responsibility to make
arrangements with the instructor for a make-up assessment.
o Other requests for Academic Consideration – Requests which are not related
to medical or religious, aboriginal, or spiritual observation must be submitted in
writing together with the Academic Consideration form. The letter must clearly
state the reasons for the request and describe the events or circumstances that
seriously impair your ability to meet your academic obligations, and that were
beyond your control. When possible, supporting documentation must be
attached to the letter. The program office or Continuing Education will notify the
instructor that the documents have been received. It is your responsibility to
make arrangements with instructor for a make-up assessment.
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If you do not have a justifiable reason for an absence and/or have not followed the
procedure described above, you will not be given credit or marks for the work
missed during that absence.
If you miss a prelecture quiz or a homework assignment on WileyPLUS Next Gen you will
receive a grade of zero. There are no extensions to homework assignments.
Inform your instructor by e-mail prior to the final exam's start time.
Submit the required completed forms as per the Academic Consideration
requirements within three (3) working days.
If the documentation is approved the instructor will assign a grade of Incomplete
(INC) on RAMSS.
It is YOUR responsibility to arrange with the instructor to write a make-up final
exam at the first available opportunity.
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Only one (1) make-up date will be provided and you MUST write on the date
scheduled by your instructor.
If you fail to do so you will receive a grade of ZERO on your final exam and a letter
grade of F in the course.
A grade of INC on RAMSS indicates incomplete course work or a missed final
examination due to documented medical, religious or compassionate grounds.
An INC can ONLY be awarded when the completion of the outstanding work or an
alternate final examination will likely result in a passing grade. The outstanding
work or alternate examination must be completed on the date specified by the
instructor and within three months of the submission of the INC. The INC will be
replaced by an official course grade when the work is completed.
If the work is not completed within the three-month deadline from the date of
the original assessments, the INC will become a grade of F.
The designation INC is not included in calculating the GPA nor is it counted as a
course credit or failed course.
Academic Integrity
You are required to adhere to all relevant University policies, such as the Student Code
of Academic Conduct, as per Senate Policy 605. University regulations concerning
unacceptable academic conduct (cheating, plagiarism, impersonation, etc.) must be
followed. Also see http://www.ryerson.ca/senate/documents/studentrights.pdf for
more information.
If you have an electronic device OR a watch on your person other than a calculator
(such as a cell phone, iPod, etc.) during an assessment you will have your electronic
device and/or watch confiscated by the instructor and you WILL be charged with
ACADEMIC MISCONDUCT. The penalty will be determined by your instructor and
the maximum penalty will be a grade of zero on that assessment.
It is assumed that all examinations and work submitted for evaluation and course
credit will be the product of individual effort, except in the case of team projects
arranged for and approved by the course instructor. Submitting the same work to
more than one course, without instructors’ approval, is also considered plagiarism.
If you have committed academic misconduct for the first time you will, at a
minimum, receive a “0” on the work, and an instructor may assign an “F” in the
course. The Academic Integrity Seminar will also be assigned and you will have the
notation Disciplinary Notice (DN) placed on your academic record. The notation
shall remain until you graduate, or for eight (8) years, whichever comes first.
If you have committed academic misconduct a second time you will be placed on
Disciplinary Suspension (DS) for up to two years, at which time you may apply for
reinstatement to a program. The designation DS shall be placed on your permanent
academic record and official transcript. The notation shall remain until you graduate,
or for eight (8) years, whichever comes first.
If it is determined that you must withdraw from your program then a Disciplinary
Withdrawn standing (DW) shall be permanently noted on your academic record and
official transcripts.
If you are expelled from the university then the expulsion shall be permanently
noted on your academic record and official transcripts.
NOTE: You may not drop a course when you have been notified of the suspicion of
academic misconduct. If you attempt to drop the course the Registrar’s office will re-
register you in that course until a decision has been reached.
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When an instructor has reason to suspect that an individual piece of work has been
plagiarized, the instructor shall be permitted to submit that work to any plagiarism
detection service.
Ryerson’s Examination Policy requires that you have a valid student identification
card or other photo identification on your desk at all times when taking an
examination. If it is suspected that someone is impersonating you, then your photo
identification will be checked, and you will be asked to sign the exam paper for
further verification. If it is suspected that the identification is not valid, you may be
asked to provide alternate photo identification. Security may be called, if
circumstances warrant.
In order to facilitate the academic success and access of individuals with disabilities,
Ryerson has an Academic Accommodation Support Centre:
http://www.ryerson.ca/studentlearningsupport/academic-accommodation-
support/index.html and Senate Policy 1596. If you have a disability you should contact
the Centre immediately. Once you are registered and approved the Centre will inform
your instructor through an “Accommodation Form for Professors” which indicates that
you are registered with the Academic Accommodation Support Centre and what
accommodations are required.
Academic Appeals
You should read the Undergraduate Academic Consideration and Appeals policy at
http://www.ryerson.ca/senate/policies/pol134%28b%29-Effective-Fall-2010.pdf.
It is your responsibility to notify and consult with either the instructor, the course
coordinator, or the Chair/Director of the teaching department/school, depending on
the situation, as soon as circumstances arise that are likely to affect academic
performance. It is also your responsibility to attempt to resolve all course related
issues with the instructor first.
If you are still not satisfied with the outcome you are responsible for contacting the
Chair/Director of the teaching department/school immediately thereafter. An appeal
may be filed only if the issue cannot be resolved appropriately with the instructor.
Failure to deal with a situation as soon as it arises will jeopardize any appeal.
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If you believe that an assignment, test, or exam has not been appropriately graded
you must review your concerns with your instructor within 10 working days of the
date when the graded work is returned to the class.
Grading System
The academic grading policy for evaluation of your performance will follow established
academic grading policy outlined in the Ryerson GPA Policy:
http://www.ryerson.ca/acadcouncil/current/pol46.pdf.
Ryerson Policies
1. Senate Policy 157: Establishment and Use of Ryerson Student E-Mail Accounts for
Official University Communication, http://www.ryerson.ca/senate/policies/pol157.pdf
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2. Senate Policy 46: Undergraduate Grading, Promotion, and Academic Standing,
https://www.ryerson.ca/senate/policies/pol46.pdf
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Course Schedule
Recommended
Additional
Week
Session Topic Practice
#
(Solutions
posted on D2L)
1 Sept. 6 Chapter 1, Part 1 Chapter 1
Introduction to Financial Statements and The
Accounting Equation BE1-6, E1-4, E1-
Introduction to WileyPLUS Next Gen 7, P1-4B, P1-7B,
P1-10B
LO1, 2, 3, 4
Read pages 1 - 27
2 Sept. 20 Chapter 1, Part 2 Chapter 2
The Purpose and Use of Financial Statements
Chapter 2 BE2-9, E2-10,
A Further Look at Financial Statements P2-4B, P2-5B,
P2-7B
LO2-1, 2, 3
Read 54 - 79
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Recommended
Additional
Week # Session Topic Practice
(Solutions
posted on D2L)
8 Nov. 1 Chapter 7 Chapter 7
Internal Control and Cash
E7-2, E7-5, E7-
LO 1, 2, 3, 4 6, P7-3B, P7-5B,
Read pages 357 - 384 P7-7B, P7-8B
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WileyPLUS Next Gen Schedule
Week Week # Chapter Covered PreLecture Quiz Due Homework Assignment
Date @ 11:59 PM Due Date @ 11:59 PM
1 Week 1 Ch. 1, Part 1 N/A N/A
2 Week 2 Ch. 1, Part 2, Ch. 2 Sept. 12 Sept. 28
3 Week 3 Ch. 3 Sept. 26 Oct. 5
4 Week 4 Ch. 4 Oct. 3 Oct. 12
5 Week 5 Ch. 5 Oct. 7 Oct. 19
6 Week 6 Ch. 6 Oct. 10 Oct. 25
7 Week 7 MIDTERM - NO N/A N/A
ASSIGNMENTS!
8 Week 8 Ch. 7 Oct. 30 Nov. 9
9 Week 9 Ch. 8 Nov. 7 Nov. 16
10 Week 10 Ch. 9 Nov. 15 Nov. 23
11 Week 11 Ch. 13 Nov. 22 Nov. 30
12 Week 12 Ch. 11 Nov. 28 Dec. 7
13 Week 13 FINAL EXAM - NO N/A N/A
ASSIGNMENTS!