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1 ACCOUNTING 2113 FINANCIAL ACCOUNTING FALL 2011 INSTRUCTOR Name: Wayne Thomas Office: 212B Adams Hall Phone: 325-5789 Office Hours: Monday and Wednesday 10:15 – 11:45 E-Mail: wthomas@ou.edu WELCOME TO ACCOUNTING Many consider accounting to be another math course. This is far from the truth. While numbers are involved throughout, the math is basic. Do not tell yourself, “I have never been good at math so I will not do well in an accounting course.” Accounting is often referred to as the language of business . The purpose of accounting is to provide meaningful financial information to individuals and institutions that have an interest in business, whether they be investors, creditors or managers. Most Americans today invest in business through the stock market. Intelligent investors seek out financial information on companies to make more informed investment decisions. It is a company’s accounting system which creates and provides the information used by investors. Business managers likewise need information produced through accounting in making the day-to-day operational decisions that improve a company’s performance and profitability. If you hope to become a successful investor or manager or simply want a better understanding of your own financial situation, you will need to understand accounting information to improve your decision- making ability. ITEMS FOUND BELOW Page Keys to success in this course 2 Course materials 2 Grading 3 Homework using Connect 3 Attendance/conduct policy 4 Accounting cycle assignments 4 Exams 4 Final exam dates 5 Investment extra credit 5 Instructional assistance 5 Academic misconduct policy 5 Reasonable accommodation policy 5 Course schedule 6-7
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2 KEYS TO SUCCESS IN THIS COURSE Students falsely believe that they can wait until the night before the exam, cram everything in, and do just as well as if they were prepared daily. To do well, you need to attend class each period. I can help to synthesize the material and point out the key concepts that are needed. Students generally learn far more in less time inside of class than they do on their own outside of class. Students should also complete the assigned homework. Finally, expect that you can learn the material each class. Do not be intimidated by the numbers or the complexity of the topic. Your goal should be to understand all material each class. In every class, some students have a natural talent for understanding accounting and do well on the multiple-choice exams with relatively little effort. Other students are able to master the material only after working very hard. Finally, for some students, the analytical thinking process associated with accounting is a skill that they seem to have been born without, and regardless of the time and effort put into the course it just doesn’t come. If this is you and you have honestly put forth your best effort, do not get discouraged. This is just one course in your college career and this probably just means that you will end up hiring an accountant
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This note was uploaded on 09/26/2011 for the course ACCT 2113 taught by Professor Knapp during the Fall '08 term at The University of Oklahoma.

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