ACCT 3120: Financial Accounting &
Week of August 18, 2002
You need to obtain a copy of the
The syllabus is in Adobe format. If you do not have Adobe Acrobat Exchange or Adobe
Reader, you can download the free Acrobat reader from the Adobe web site (a link exists to
this site on my home page).
If you do not have an e-mail account, you may wish to set up your AU e-mail account
(although this is not required for the class). To set up your e-mail account, call (334)
844-5800 from a touch-tone phone, select the "e-mail and computer user ID"
option, and follow the instructions (hint: your personal access code is the same code you
use to register for classes). You may want to write down the initial password until you
have a chance to login to the DUC Sun Network and change it to something you can easily
If you have an official AU email account and do not wish to use it as your primary
e-mail account, you can easily forward all of the mail that is sent to the AU account to
the email account of your choice. To do this, log in to the DUC Sun Network and at the
prompt type pico .forward; (do not forget the period before forward - no space
between the period and the word forward) a new screen will appear where you will type the
e-mail address that you wish the mail to be forwarded to; then use CTRL X to cancel, and
hit the return key until you return to the system prompt. Your mail will now be forwarded
to the e-mail address of your choice.
An on-line solution manual is available; the username and password will be
given in class.
Week of August 25, 2002
The solution to the
interest capitalization problem from the course packet that we did not
cover in class is available.
Week of Sept. 1 and Sept.8, 2002
Two issues have come up with re: to Chapter 9.
First, in the book, they do not show the computation of weighted average
accumulated expenditures using the same process as I do. Instead, the
book assumes (unrealistically) that the expenditures are made evenly
throughout the year. Using this assumption, one simply has to divide
total expenditures of the year by 2 to get the "weighted average accumulated
expenditure" (if anyone wants to see the logic behind this, I'll be glad to
show them). You will be responsible for the computation of weighted
average expenditures as shown in class (a more realistic assumption).
Please note that the text discussion and presentation is entirely consistent
with my presentation in class - I simply provide you with a more realistic
scenario. Practically, this means if you want to ignore the three
interest capitalization homework problems and focus on my in-class problem,
this is acceptable. Second, the book's presentation of nonmonetary
exchanges, while correct, is much more confusing (in my opinion) than my
presentation. Instead of memorizing numerous rules and formulas, I
simply gave you one way in which to calculate the new asset's cost, the
deferred gain, etc. Again, my presentation and the book's are, in all
important respects the same - choose the presentation that makes the most
sense to you.
Another test issue: We are not covering composite
depreciation on the test. Also, we will not cover change in accounting
method for this test - we will cover this in a later chapter.
Your grades are posted - if
you gave me a posting code.
Week of Sept. 29, 2002
A couple of issues re: the test:
Grades are posted.
Team evaluations are
available. Please return these to me by Tuesday.
- There are 14 multiple choice and 3 problems
- With regard to warraties, you are not responsible for
the sales-warranty approach - only the expense warranty approach (which is the
one we did in class)
- The solution manual for Problem 12-11 contains an
error. For the middle month (November, I think), the expense
should be 2661, not 2801 and the debit to the liability should be 540, not
- Also, with regard to this problem (and others like it),
the book works them differently than I did in class. I think my way is
easier and makes more sense. Use whichever method you want, they both
provide the same answer in the end - the amount recorded for expense and
liabilities are the same under either method.
Week of Oct. 13, 2002
EPS example is available.
Week of Oct. 20, 2002
Grades for Test 3
Week of Nov. 17, 2002
GRADES for the
final exam are posted here. Check OASIS for your final course grades.