ACCT 3120: Financial Accounting &
Week of January 5, 2003
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 -
include a space between "pico" and "."; 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.
A final note on the 2.2 GPA requirement:
- Effective during the Fall Semester of 2002, students (Business students
and Non-Business students) in undergraduate business courses are required to
have a cumulative grade point average of 2.2 or higher. The only business
courses in which this policy is not applicable is BUSI 1010, BUSI 2010, and
ECON 2020. During the Spring Semester of 2003, students who plan to graduate
in May of 2003 or August of 2003 can obtain a waiver for this new academic
requirement. However, a waiver request must be submitted on a timely basis.
The deadline for submitting a waiver request is 4:45 P.M. on Friday, January
10th. Waiver request forms are available in the Office of Student Affairs. In
relation to the 2.2 requirement and the Auburn University GAP Policy, all
paperwork related to courses that you wish to GAP must be submitted by 4:45
P.M. on Friday, January 10th. That is, if you are able to "GAP" a course and
increase your grade point average to 2.2 or higher, that action must be
completed by 4:45 P.M. on Friday, January 10th.
Week of January 12, 2003
As you work the homework problems on Interest
Capitalization, please note that the book does not discuss the computation of
Weighted Average Accumulated Expenditures in the same way that I do it in
class. The book takes an unrealistic assumption that allows you to take
a simple average (simply divide the expenditures by 2 to get WAAE). I
will require more from you on the test - that is, I will require the
computation that I showed you in class. However, for your homework,
you will need to simply compute a simple average to get WAAE. Regardless
of the method used, the rest of the problems work the same way shown in class.
Week of January 26, 2003
Per request from the class, my teaching assistant will
be holding help sessions from 9:30 to 11:00 on Mondays and Wednesdays starting
on Monday, Jan, 27. He will not hold these sessions on Wednesday, Jan.
29 since we will have just had a test.
Your grades will be posted on this page when graded (I
expect that to be Thursday afternoon or Friday).
Grades for both classes are
now posted. The tests will be discussed in class on Tuesday.
February 16, 2003
- The answer in the solution manual to Problem 11-7, #4
is incorrect. Since the intangible has an indefinite life, it should NOT
be amortized. Therefore, the impairment loss should be recorded for
- The solution manual for Problem 12-11 contains an
error. For the middle month, November, the expense should be 2661,
not 2801 and the debit to the liability should be 540, not 400.
- Grades are posted for Test 2.
February 23, 2003
- E15-9 contains a typo. In the middle of the
problem, there is a statement that "all 80 options will vest". This
should read "all 70 options will vest".
- I have prepared a
revised solution for this problem
and E15-7 that deletes employee turnover
information. If you wish to work other problems, you can adjust the
solution manual for these other problems in a similar fashion.
March 16, 2003
- Grades for test 3 are
- There will be a 4 point curve added to Test 3.
This is not reflected in your grade that is posted.
April 13, 2003
FYI: Your test content has been
finalized. There will be 1 problem (statement of cash flows) and 14
multiple choice. Your test will be weighted approximately 75% on the
statement of cash flows and 25% on errors. Good luck!!
Your final exam
grade has been posted. Final course grades can be found on OASIS.