Homework assignments will consist of exercises/problems (48 points) for each assigned chapter. These exercises will be completed using WileyPLUS, the online resource associated with your text. This is a program that allows you to work the end-of-chapter material online and submit it for immediate grading and feedback. The actual exercises you need to work are listed on the Wiley website. (See the class “News”, section of D2L).You are allowed three attempts at each exercise, and the highest score will be recorded in the grade book. The deadline for each assignment block is 11:59 p.m. each Sunday evening (Saturday for the last week of class). Late homework is not accepted without prior approval from the instructor. It is highly recommended that you work on the homework well ahead of the due date, so questions are addressed before assignments are due.
The first discussion in week 1 is for Introductions. Please introduce yourself to the class by Wednesday, 11:59 p.m. Feel free to respond to any other student’s posting.
The other discussion, “General Discussion,” will be available for any topic related to the class throughout the eight-week session. Use of this discussion is neither required nor graded. Participation in this discussion is the equivalent of “raising your hand in class.” You are welcome and encouraged to use this forum to discuss any topic in the course. If you have a question, the instructor usually responds within 24 hours, but if you have something substantive to respond to another student’s question, by all means, contribute to the discussion. Your comments here will not be graded. If you wish to discuss something privately, use the CougarMail to contact the instructor.
Professional Research: FASB Codification
Accounting professionals use the Codification as a valuable resource. We will use the FASB Codification to perform research related to each chapter. The first week will involve reading and learning how to use the Codification from the “Learning Guide for the Codification Research System” (Chapters 1 through 5, 9, 11 and 12). It’s located on the right-hand side of the front page of this address: https://asc.fasb.org. The purpose of using the Codification is twofold: (1) to acquire the knowledge, skills and ability to use this resource effectively and efficiently, and (2) to apply it to Accounting problems and issues.
There is one required research topic in each chapter of the textbook entitled (1) “Exercises” or (2) “Bridge to the Profession.” You will need to sign up for access to the FASB Codification to perform the research related to the week’s topic. The link for access to this resource is http://aaahq.org/ascLogin.cfm
The Password and Login is as follows:
- Username – AAA61980
- Password – SAC83pa
You will post brief answers to the questions with Codification references in the Dropbox which are worth a maximum of 33 points, for each of the 8 assignments. Your answer should be from the Codification and not the text. However, if you find additional information in the text to enhance your answer, include it with the page reference to the text. The “Exercise” or the “Bridge to the Profession” are due Friday, each by 11:59 P.M.
Your Research grade will be based upon the following criteria:
- Your answers demonstrate an understanding of both the use of the Codification and assigned Principles in the Codification. You may not simply copy from the Codification, but rather you must interpret and explain its contents as it applies to the assignment.
- Your answers must be in good form with correct spelling and punctuation.
There are four exams, one every two weeks. Exams will be taken in WileyPlus. Exams will be available no later than Thursday at 5:00 pm and are due the following Sunday at 11:59 pm, except Exam 4 that is due Saturday at 11:59 pm. Each exam will cover the last two chapters, except Exam 1 that will cover one chapter. Tests cannot be submitted after the due date without prior permission from the Instructor.
Collaboration with anyone (students, colleagues, professors, your accountant, etc.) is not permitted. The tests are of course open-book, but the work is to be exclusively your own. Discussion of test material with anyone is not allowed – See “Academic Honesty” in the “Student Conduct” section below.
Make sure you understand the concepts and where the numbers come from in the exhibits and problems. Practice quizzes with questions very similar in format and content to the actual exams are available for you to test your knowledge and become familiar with the exam layout. These quizzes are in WileyPlus.
WileyPlus also has many supplemental resources that may help you better understand the material. These resources are not required assignments, but rather supplemental material for your use. You’ll find most of these resources in WileyPlus. Go to the “Assignment” tab, and then click on the Chapter Readings and Resources. “If you're not ready to buy, you can try the course with full access for two weeks, free. E-text access is included.”
Examples of resources include the following:
- Orion is a learning module that will adapt to you as an individual student. It has proven to be an excellent learning tool when studying any chapter covered.
- Videos by chapter that have a “Problem Walk Through” for selected problems.
- Multimedia resources: Flash Cards that also have quizzes, Cross Word Problems, and a section of “Practice – Self Study.”
Navigation to these resources is as follows:
- Sign in to WileyPLUS;
- Click the link “This Course;”
- Click the link to “Read, Study, and Practice;”
- Click on the chapter you wish to study; and
- Pick the resource you would like to use.