ACC 1100 A03 (3 CH)

INTRODUCTORY FINANCIAL ACCOUNTING

WINTER 2021
Virtual Classroom, MW 1:00-2:15 pm

CONTENTS

CONTENTS ............................................................. 1 ASSIGNMENTS....................................................... 5

INSTRUCTOR ......................................................... 1
COURSE DESCRIPTION........................................... 1
COURSE OBJECTIVES ............................................. 2
COURSE FORMAT AND ONLINE ACCESS ............... 2
COURSE MATERIALS .............................................. 2
ASSESSMENT OF LEARNING .................................. 3
MISSED EXAM POLICY ........................................... 4
ELECTRONIC DEVICE POLICY ................................. 4
OUT-OF-CLASS COMMUNICATION ....................... 5
IMPORTANT DATES ............................................... 6
OTHER LEARNING RESOURCES ............................. 6
COURSE SCHEDULE ............................................... 7
INTENDED LEARNING OUTCOMES ........................ 9
ACADEMIC INTEGRITY POLICY ............................ 10
STUDENT SERVICES AND SUPPORTS ................... 12

INSTRUCTOR

Name: Alexandra McMullen, CPA, CA.

Email: alexandra.mcmullen@umanitoba.ca
Office Hours: Tuesday 8:30 – 10:00 am (via Zoom), please send me an email to make an appointment.

COURSE DESCRIPTION

This course is a study of accounting postulates underlying the preparation and presentation of financial
statements (from Aurora Course Catalog).

ACC 1100 is a required course in the Bachelor of Commerce curriculum because every businessperson
should have knowledge of basic financial accounting principles and practices. Accounting is the language
of business. If you do not understand its fundamental concepts, terms, principles, and tools, you will find
it difficult to comprehend many of the situations and decisions you will face during your career in business,
regardless of which field you ultimately pursue. The knowledge and skills you gain in this course will help
you understand how this information is generated, measured, reported, and interpreted, so by its end,
you will be fully conversant in the language of business.
COURSE OBJECTIVES

The overall objective of this course is to develop your knowledge of, and your ability to use, financial
accounting information. At the conclusion of this course you will be expected to:

1. be able to interpret financial statements and derive information to support decision-making;

2. have an understanding of financial accounting concepts and the way concepts are applied in
preparing financial statements;
3. be aware of the existence of alternative accounting treatments and the need to exercise judgment
in deciding on the treatment appropriate in a specific situation; and
4. be able to prepare financial statements, including balance sheet, income statement, statement of
retained earnings and cash flow statement.

COURSE FORMAT AND ONLINE ACCESS

This course will be conducted “live” via videoconferencing using Zoom every Monday and Wednesday at
1:00 – 2:15 pm. This will not involve in-person instruction due to COVID-19. Attending the Zoom calls is
valuable to everyone. The regular attendance is expected and is highly recommended. Each Zoom call will
be recorded and posted in UM Learn for reviewing anytime after the class.

To join the class, log in to the Zoom link provided by your instructor. Detailed instructions are posted in
UMLearn. A device enabled with a camera and microphone is required. Further, you are expected to be
in a location with a reliable Internet connection that is strong enough for streaming video.

COURSE MATERIALS

Kimmel, Weygandt, Kieso, Trenholm, Irvine and Burnley, Financial Accounting-Tools for Business Decision-
Making, published by Wiley (8th Canadian Edition). The package also contains a WileyPLUS card that you
will need to register in WileyPLUS, on-line portal for accessing assignments and e-book. Do not throw the
card away.

The ISBN of Wiley looseleaf textbook (8th edition) + WileyPLUS card (online resource access, including e-
book and assignments) is 9781119614289. Alternatively, the ISBN of WileyPLUS standalone card (online
recourse access only) is 9781119614197. These are available for purchase at the Bookstore on Fort-Garry
campus or online at www.umanitoba.ca/bookstore. Note that access to WileyPLUS will expire at end of
the term, but students who VW or fail the course could apply to have free re-access to WileyPLUS. Please
contact, Brittany Matthews (bmatthews@wiley.com), directly for any technical issues while using
WileyPLUS.

Registration site is www.wileyplus.com/go/login and course section ID is A42146 Refer to WileyPLUS

Registration Guide for details (available on UM Learn under Course Information folder).

Please respect copyright laws. Photocopying textbooks or other reading material is a violation of copyright
laws and is unethical, unless permission to copy has been obtained.

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For quizzes/exams, which will be administered via the Respondus Browser and Monitor, you will need a
device (computer or iPad; note that smartphone and Chromebooks will not work) with one of the
following operating systems:
 Windows 10, 8, or 7 (note: will not work with Windows 10S)
 Mac OS 10.15 to 10.12, OS X 10.11, or OSX 10.10
 iOS: 11.0+ (iPad only)

ASSESSMENT OF LEARNING

There will be five components to the grading:

Midterm Exam (Wednesday, March 10, 6:00PM-8:00PM, CST) 35 %
Final Exam (2 Hours, to be scheduled by Registrar’s Office) 45 %
WileyPLUS Assignments 20 %

The tentative letter-grading scheme is as follows. In the event of a skewed distribution of grades, the total
course marks may be curved up or down as necessary (the weighting of each component will remain
unchanged).

Marks Letter Grade

90 and above A+
80-89.99 A
75-79.99 B+
70-74.99 B
65-69.99 C+
60-64.99 C
50-59.99 D
Below 50 F

The letter grades are based on where your course total marks are on the above curve,
regardless of the absolute number. For example, it is possible for you to get 80% in the course
and not get an A if you are not in the top 15% of students from all sections. Likewise, you may
get 70% and still get an A if you are in the top 15%. So, it can work both ways.

The instructor team reserves the right to adjust the grading scale according to the actual
distribution of grades from all sections."

To protect the academic integrity of education at the Asper School, certain protocols will be
observed for online exams. For instance, the online exam will set up such that each student will
get a random subset of questions from a larger question bank, which means no two students will
get exactly the same exam. Further, a very small number of questions will appear on a screen
and you may not have the option to move back to questions you have already answered.

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For exams, we will be using university-approved Respondus Monitor (camera-invigilation), which
will require you to have your camera and microphone on for the entire duration of the exam. As
the software detects any unusual movements, you will need to sit in a location where there are
no people/pets or other moving objects in the camera’s view during the exam.

MISSED EXAM POLICY

Students who miss the midterm examination for legitimate reasons should inform instructor within 48
hours of the date of the midterm examination to have the weight of the midterm examination added to
the final examination (i.e., will write a 80% final examination). Students who are unable to meet a course
requirement due to medical circumstances are currently not required to submit medical notes. However,
students are required to contact their instructor (for assignments and midterm examination) or academic
advisor (for final examination) by email within 48 hours of the date of the course requirement to inform
of the missed work and to make arrangements.

Do not make travel plans before the Final Exam. I cannot let you take the exam earlier/later because you
made bookings for an earlier date. In the event you have to miss the Final Exam for a valid reason, a
request for a deferred exam must be made at your home Faculty’s Undergraduate Program Office
(b_comm@umanitoba.ca, if you are an Asper student). Applying for a deferred exam does not guarantee
your request will be granted.

ELECTRONIC DEVICE POLICY

Using a computer, tablet, or smartphone with a camera/mic is necessary for this course.

Although this is course is taught in a remote teaching format, we will observe the protocols that would be
expected during in-person classes. Avoid making or taking calls on your cellphone while class is in progress.
No frivolous posting of messages in the Chat area during class. Please do not video/audio record class
lectures or take pictures of the screen without the instructor’s permission.

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ASSIGNMENTS

WileyPLUS is internet-based educational software which we have used to create assignments for ACC
1100. Ten assignments will be due at various dates throughout the semester as outlined in the table
below. Each assignment is worth 2%, and a maximum of 20% are available.

Due by 11:59 PM,

Assignment Central Time, on
1 Friday, Feb. 5
2 Friday, Feb. 12
3 Friday, Feb. 26
4 Friday, Mar. 5
5 Friday, Mar. 12
6 Friday, Mar. 19
7 Friday, Mar. 26
8 Friday, April 2
9 Friday, April 9
10 Friday, April 16
Content
Accounting Information System and Cycle
Adjusting Entries
Ratio and Comparative Analysis
Cash and Bank Account
Receivables
Inventory ad Cost of Goods Sold
Long-lived Assets
Investments and Liabilities
Shareholders’ Equity
Statement of Cash Flows

Students could earn a maximum of 2% (100% correction) course credit for each assignment submitted
before the deadline. You have unlimited attempts for each assignment up to the due date and the best
(not the last) attempt will be used for grading. I encourage you to do the assignments early and as many
times as you find necessary. Keep in mind that WileyPLUS is an internet-based program. Problems with
the Wiley website, your internet server or your computer are all possible and will not be considered valid
reasons for missing a deadline. Late assignments will not be accepted.

Instruction on how to register WileyPLUS is posted on UM Learn.

OUT-OF-CLASS COMMUNICATION

PowerPoint files, solutions to end-of-chapter questions and exercises, Friday lab outlines, exam
information, and other course-related files have been or will be posted on UM Learn. Any communication
outside of class will be posted on UM Learn through announcements. It is your responsibility to check
your UM Learn course website frequently so that you don’t miss these communications from me.

E-mail can be a useful way of dealing with smaller issues. I respond to all e-mails and answer questions
where practical. If the question is too complicated (e.g., Can you explain accounting to me?), I will ask
you to come and see me during virtual office hours. Some more specific guidelines:
 Use your university e-mail account to communicate with me. Effective September 1, 2013, the U of
M will only use your university e-mail account for official communications, including messages from
your instructors, department or faculty, academic advisors, and other administrative offices. Refer to
this link for details: http://umanitoba.ca/registrar/e-mail_policy
 Tell me who you are. Please give your full name and section when you write to me.

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IMPORTANT DATES

Dates and deadlines set by the University Administration can be found at the below link:
http://umanitoba.ca/student/records/deadlines/index.html

OTHER LEARNING RESOURCES

Friday Course Labs

ACC 1100 tutorial labs are scheduled on Fridays (refer to Friday Lab Outline available on UM Learn for
details). It is our experience that students who attend labs and lectures regularly receive substantial
benefit and perform better on assignments and exams. Students are strongly recommended to attend
labs and lectures.

Other Learning Resources

A number of other learning resources are available to students in ACC 1100, and we encourage you to
use those that you find helpful. They include:
 Recommended questions and exercises from the textbook (see course schedule on pages 6 & 7;
solutions available on UM Learn)
 Adaptive Practice and other study tools available in WileyPLUS
 Sample examinations with solutions are available on UM Learn

Asking Questions by E-mail

E-mail can be a useful way of dealing with smaller issues. I respond to all e-mails and answer questions
where practical. If the question is too complicated (e.g., Can you explain accounting to me?), I will ask
you to come and see me in my office. Some more specific guidelines:
 Use your university e-mail account to communicate with me. Effective September 1, 2013, the U of
M will only use your university e-mail account for official communications, including messages from
your instructors, department or faculty, academic advisors, and other administrative offices. Refer to
this link for details: http://umanitoba.ca/registrar/e-mail_policy
 Tell me who you are. Please give your full name and section when you write to me.

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COURSE SCHEDULE

The assigned chapters DO NOT include the chapter appendices unless specifically noted. Recommended
question and exercise are selected from end-of-chapter textbook and they are for self-practices. Solutions
of end-of-chapter textbook practices are available in UM Learn course site. BE means Brief Exercises, E
means Exercises, P means Problems, and A means set A problems.

Day/Date Assigned Chapter Recommended Question & Exercise

Introduction
1 / Jan. 18
Chapter 1 (Cover 1-1 to 1-8 and 1-13)

Question: Ch3: 1, 2, 4, 5, 7
2 / Jan. 20 The Accounting Information System
Exercise: BE3.1-3.8; E3.2, 3.4-3.6; P3.5A; BE4.2;
3 / Jan. 25 Chapter 3 (Cover 3-1 to 3-22)
E4.2.

The Accounting Cycle

Question: Ch2: 3-6; Ch3: 9, 11, 15, 17; Ch4: 17-
Chapter 2 (Cover 2-1 to 2-10)
4 / Jan. 27 21.
Chapter 3 (Cover 3-23 to 3-38)
5 / Feb. 1 Exercise: P2.2A-2.4A; BE3.12; E3.14; P3.1A;
Chapter 4 (Cover 4-30 to 4-42)
E4.15, 4.18.
Chapter 5 (Cover 5-19)

Feb. 5 WileyPLUS Assignment #1 due by 11:59 PM, CST

Question: Ch4: 6-13, 16.

6 / Feb. 3 Adjusting Entry
Exercise: BE4.1, 4.4-4.10; E4.6-4.10, 4.12;
7 / Feb. 8 Chapter 4 (Cover 4-1 to 4-30)
P4.2A, 4.6A, 4.9A.

Feb. 12 WileyPLUS Assignment #2 due by 11:59 PM, CST

8 / Feb. 10 Ratio and Comparative Analysis Question: Ch14: 1, 2, 4.
9 / Feb. 22 Chapter 14 (Cover 14-1 to 14-33) Exercise: BE14.1-14.6; E14.11.
Question: 18-22.
Cash and Bank Account
10 / Feb. 24 Exercise: BE7.10, 7.11, 7.13; E7.6-7.8; P7.5A-
Chapter 7 (Cover 7-11 to 7-27)
7.6A.
Feb. 26 WileyPLUS Assignment #3 due by 11:59 PM, CST

Receivables
Question: Ch8: 4, 6, 7, 8, 9, 11, 12, 15.
Chapter 5 (Cover 5-13 to 5-18)
11 / Mar. 1 Exercise: BE5.6; E5.5; BE8.2, 8.6-8.9; E8.4-8.5;
Chapter 8 (Cover 8-1 to 8-3, 8-6 to 8-
P8.3A-8.4A.
15, and 8-18-8-23)

Mar. 5 WileyPLUS Assignment #4 due by 11:59 PM, CST

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 Day/Date Assigned Chapter Recommended Question & Exercise

Inventory Question: Ch5: 4, 5, 8, 28, 29; Ch6: 8, 9, 12-15,

12 / Mar. 3 Chapter 5 (Cover 5-1 to 5-18 and 5-24 17, 18, 24-29.
13 / Mar. 8 to 5-33) Exercise: BE5.5, 5.14, 5.18; E5.16; BE6.3-6.9,
Chapter 6 (Cover 6-1 to 6-29) 6.13-6.15; P6.3A, 6.7A, 6.13A.

Mar. 10 Online Midterm Exam, 6:00 PM - 8:00 PM through UM Learn Quiz

Mar. 12 WileyPLUS Assignment #5 due by 11:59 PM, CST

Long-lived Assets Question: Ch9: 4, 6, 13, 14.

14/ Mar. 15
Chapter 9 (Cover 9-1 to 9-5, 9-7 to 9- Exercise: BE9.1-9.8, 9.10, 9.11; E9.3, 9.7, 9.8;
15 / Mar. 17
14, 9-17 to 9-22, and 9-29 to 9-34) P9.6A-9.7A.

Mar. 19 WileyPLUS Assignment #6 due by 11:59 PM, CST

Investments Question: 1, 2, 9, 12-14, 20.

16 / Mar. 22
Chapter 12 (Cover 12-1 to 12-22, Exercise: BE12.4-12.6; E12.5, 12.7, 12.9;
17 / Mar. 24
ignore amortized cost model) P12.3A.

Mar. 26 WileyPLUS Assignment #7 due by 11:59 PM, CST

Liabilities Question: 1, 8, 10, 11, 15.

18 /Mar. 29
Chapter 10 (Cover 10-1 to 10-23) Exercise: BE10.6, 10.9; E10.4, 10.5; P10.3A.

April 2 WileyPLUS Assignment #8 due by 11:59 PM, CST

Shareholders’ Equity Question: 10, 16, 18, 21, 22.

19 /Mar. 31
Chapter 5 (Cover 5-23) Exercise: BE11.3, 11.5-11.9; E11.4, 11.5;
20 /April 5
Chapter 11 (Cover 11-1 to 11-34) P11.7A.

April 9 WileyPLUS Assignment #9 due by 11:59 PM, CST

Question: 1, 3, 8, 23-26.
21 / April 7
Statement of Cash Flows Exercise: BE13.3-13.9, 13.12-13.16; E13.3, 13.4,
22 / April 12
Chapter 13 (Cover 13-1 to 13-38) 13.7-13.9, 13.12-13.15; P13.1A, 13.5A, 13.10A,
23 / April 14
13.12A.

April 16 WileyPLUS Assignment #10 due by 11:59 PM, CST

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INTENDED LEARNING OUTCOMES

AACSB Assurance of Learning Goals and Objectives

The Asper School of Business is proudly accredited by AACSB. Accreditation requires a process
of continuous improvement of the School and our students. Part of “student improvement” is
ensuring that students graduate with the knowledge and skills they need to succeed in their
careers. To do so, the Asper School has set the learning goals and objectives listed below for
the Undergraduate Program. The checked goal(s) and objective(s) will be addressed in this
course and done so by means of the items listed next to the checkmark.
Goals and Course Item(s)
Objectives Relevant to these
Goals and Objectives in the Undergraduate Program
Addressed Goals and
in this Objectives
1 Quantitative Reasoning Course

A. Determine which quantitative analysis technique is

 Entire course
appropriate for solving a specific problem.
B. Use the appropriate quantitative method in a
 Entire course
technically correct way to solve a business problem.
C. Analyze quantitative output and arrive at a
 Entire course
conclusion.
2 Written Communication
A. Use correct English grammar and mechanics in their
 Term project
written work.
B. Communicate in a coherent and logical manner  Term project

C. Present ideas in a clear and organized fashion.  Term project

3 Ethical Thinking

A. Identify ethical issues in a problem or case situation  Entire course

B. Identify the stakeholders in the situation.  Entire course

C. Analyze the consequences of alternatives from an
 Entire course
ethical standpoint.
D. Discuss the ethical implications of the decision.

4 Core Business Knowledge  Entire course

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ACADEMIC INTEGRITY POLICY

It is critical to the reputation of the Asper School of Business and of our degrees that everyone associated
with our faculty behave with the highest academic integrity. As the faculty that helps create business and
government leaders, we have a special obligation to ensure that our ethical standards are beyond reproach.
Any dishonesty in our academic transactions violates this trust. The University of Manitoba General
Calendar addresses the issue of academic dishonesty under the heading “Plagiarism and Cheating.”
Specifically, acts of academic dishonesty include, but are not limited to:
 using the exact words of a published or unpublished author without quotation marks and
without referencing the source of these words (includes Chat messages posted during class)
 duplicating a table, graph or diagram, in whole or in part, without referencing the source
 paraphrasing the conceptual framework, research design, interpretation, or any other ideas of
another person, whether written or verbal (e.g., personal communications, ideas from a verbal
presentation) without referencing the source
 copying the answers of another student in any test, examination, or take-home assignment
 providing answers to another student in any test, examination, or take-home assignment or
obtaining answers or other unauthorized help from anyone else
 taking any unauthorized materials into an examination or term test (crib notes), regardless of
whether those are used during the exam
 recording exam questions using any method, regardless of whether those are shared with others
 sharing exam questions with those who are yet to take the exam, including future students or
attempting to sell exam questions
 impersonating another student or allowing another person to impersonate oneself for the purpose
of attendance, earning class participation marks, submitting academic work, or writing any test or
examination
 stealing or mutilating library materials
 accessing test prior to the time and date of the sitting
 changing name or answer(s) on a test after that test has been graded and returned
 submitting the same paper or portions thereof for more than one assignment, without discussions
with the instructors involved

Group Projects and Group Work

Many courses in the Asper School of Business require group projects. Students should be aware that
group projects are subject to the same rules regarding academic integrity. All group members should
exercise special care to ensure that the group project does not violate the policy on Academic Integrity.
Should a violation occur, group members are jointly accountable unless the violation can be attributed
to specific individuals.

Some courses, while not requiring group projects, encourage students to work together in groups before
submitting individual assignments. If it’s unclear whether it is allowed, students are encouraged to seek
clarification from the instructor to avoid violating the academic integrity policy.

In the Asper School of Business, all suspected cases of academic dishonesty in undergraduate courses are
reported to the Dean's office and follow the approved disciplinary process. See following table for typical
penalties for academic dishonesty in the Asper School.

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Typical Penalties for Academic Dishonesty in the Asper School
If the student is from another Faculty and the academic dishonesty is committed in an Asper course, the
student’s Faculty could match or add penalties beyond the Asper School’s.
F-DISC on transcript indicates the F is for disciplinary reasons.
ACADEMIC DISHONESTY
Cheating on exam (copying from or
providing answers to another student)
Sharing exam questions electronically
during exam
Possession of unauthorized material
during exam (e.g., cheat notes)
Altering answer on returned exam and
asking for re-grading
Plagiarism on assignment
Submitting paper bought online
Inappropriate Collaboration
(collaborating with individuals not
explicitly authorized by instructor)
Group member had knowledge of
inappropriate collaboration or
plagiarism and played along
Signing Attendance Sheet for
classmate
Attempting to sell exam
PENALTY
F-DISC in course
Suspension from taking Asper courses for 1 year
Notation of academic dishonesty in transcript
F-DISC in course
Suspension from taking Asper courses for 1 year
Notation of academic dishonesty in transcript
F-DISC in course
Suspension from taking Asper courses for 1 year
Notation of academic dishonesty in transcript
F-DISC in course
Suspension from taking Asper courses for 1 year
Notation of academic dishonesty in transcript
F-DISC in course
Suspension from taking Asper courses for 1 year
Notation of academic dishonesty in transcript
F-DISC in course
Suspension from taking Asper courses for 1 year
Notation of academic dishonesty in transcript
F-DISC in course
Suspension from taking Asper courses for 1 year
Notation of academic dishonesty in transcript
F-DISC in course
Notation of academic dishonesty in transcript
F-DISC in course
Notation of academic dishonesty in transcript
F-DISC in course
Suspension from taking Asper courses for 18 months
Notation of academic dishonesty in transcript
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STUDENT SERVICES AND SUPPORTS
The University of Manitoba provides many different services that can enhance learning and provide
support for a variety of academic and personal concerns. You are encouraged to visit the below websites
to learn more about these services and supports. If you have any questions or concerns, please do not
hesitate to contact your instructor or the Undergraduate Program Office.

For Information on… …follow this link

Tech-related issues with UM Learn or videoconferencing Information Services & Technology

Admission, Registration, Tuition Fees, Important Dates, Final Exams,

Registrar’s Office
Graduation, and Transcripts
Academic policies & procedures, regulations, Faculty-specific
Academic Calendar
information, degree and major requirements
Help with research needs such as books, journals, sources of data,
Library Resources
how to cite, and writing
Tutors, workshops, and resources to help you improve your learning,
Writing and Learning Support
writing, time management, and test-taking skills
Support and advocacy for students with disabilities to help them in
Student Accessibility Services
their academic work and progress
Copyright-related questions and resources to help you avoid
Copyright Office
plagiarism or intellectual property violations
Student discipline bylaws, policies and procedures on academic
Academic Integrity
integrity and misconduct, appeal procedures
Policies & procedures with respect to student discipline or
Student Discipline
misconduct, including academic integrity violations
Students’ rights & responsibilities, policies & procedures, and
Student Advocacy
support services for academic or discipline concerns
Your rights and responsibilities as a student, in both academic and
Your rights and responsibilities
non-academic contexts
Full range of medical services for any physical or mental health
University Health Service
issues
Information on health topics, including physical/mental health,
Health and Wellness
alcohol/substance use harms, and sexual assault
Any aspect of mental health, including anxiety, stress, depression,
help with relationships or other life concerns, crisis services, and Student Counselling Centre
counselling.
Support services available for help regarding any aspect of student
Student Support Case Management
and campus life, especially safety issues
Resources available on campus, for environmental, mental, physical,
Live Well @ UofM
socio-cultural, and spiritual well-being
Help with any concerns of harassment, discrimination, or sexual Respectful Work and Learning
assault Environment
Concerns involving violence or threats, protocols for reporting, and
Violent or Threatening Behaviour
how the university addresses them

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