ACCT 2602 09: Financial Accounting

ACCT 2602 - Financial Accounting

Fall 2026 Syllabus, Section 09, CRN 40038,

Credit hours: 3

Course Meeting Times

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Instructor

Michael Villano

Email: mcvillano@ysu.edu

Public Instructor Information

Senior Lecturer of Accounting and Finance
PhD, Kent State University-Higher Education Administration/Business Practices Concentration 2016
Graduate Certificate in College Teaching, Kent State University - 2013
MPA, Cleveland State University-Public Finance Concentration - 2004
B.S. in B.A.-Accounting, Youngstown State University - 1998

Certified Public Accountant-State of Ohio
Certified Management Accountant-IMA
Chartered Global Management Accountant-AICPA

Office: WCBA 3330
Phone: 330-941-3199
Email: mcvillano@ysu.edu
Preferred Contact Method: E-mail

Private Instructor Information

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Course Description

2602. Financial Accounting. Study of the accounting cycle and generally accepted accounting principles including preparation of financial statements. Prereq.: MATH 1510 or MATH 1510C or MATH 2623 or MATH 2623C or MATH 1552 or MATH 1570 or MATH 1571. 3 s.h.

Course Readings

Group Title Author ISBN
Financial Accounting Fundamentals (First Day Ready) Wild, John J. 9781266365003

REQUIRED MATERIALS:

Financial Accounting Fundamentals, John J. Wild, 2025, McGraw-Hill, 2025/Evergreen edition with Access Code for Connect

Students who have not received their financial aid for the semester can access the course resources for free for two weeks (Connect).

The course readings are subject to change in the event of extenuating circumstances, research developments, current events, and/or to ensure better learning.  

Additional Course Materials

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Course Learning Outcomes/Objectives/Goals

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How to Succeed in This Course

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Attendance Expectations

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Late Work Submission Policy

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Additional Course Expectations

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Artificial Intelligence Policy Statement

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Assignments/Assessments

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Grading and Grading Scale

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University Policies

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Tentative Course Outline

Week of Reading(s) Proposed Topic Due/To Prepare for Class
8/24 Chapter 1 Course Introduction; Financial Accounting and Business Decisions All required homework is located under the Chapter Folders in Blackboard.
8/31 Chapter 2 Accounting for Business Transactions All required homework is located under the Chapter Folders in Blackboard.
9/7 Chapter 3 Adjusting Accounts for Financial Statements All required homework is located under the Chapter Folders in Blackboard.
9/14 Review and Preparation for Exam 1 Exam will be available in Blackboard starting 5 PM Thursday night 9/17/2025 until 11:59 PM Sunday 9/20/2026. You will only have 2 hours to complete.
9/21 Chapter 4 Accounting for Merchandising Operations All required homework is located under the Chapter Folders in Blackboard.
9/28 Chapter 5 Inventories and Cost of Sales All required homework is located under the Chapter Folders in Blackboard.
10/5 Chapter 6 Cash, Fraud, and Internal Control All required homework is located under the Chapter Folders in Blackboard.
10/12 Review and Preparation for Exam 2 Exam will be available in Blackboard starting 5 PM Thursday night 10/15/2026 until 11:59 PM Sunday 10/18/2026. You will only have 2 hours to complete.
10/19 Chapter 7 Accounting for Receivables All required homework is located under the Chapter Folders in Blackboard.
10/26 Chapter 8 Accounting for Long-Term Assets All required homework is located under the Chapter Folders in Blackboard.
11/2 Chapter 9 Accounting for Current Liabilities All required homework is located under the Chapter Folders in Blackboard.
11/9 Review and Preparation for Exam 3 Exam will be available in Blackboard starting 5 PM Thursday night 11/12/2026 until 11:59 PM Sunday 11/15/2026. You will only have 2 hours to complete.
11/16 Chapter 11 Corporate Reporting and Analysis All required homework is located under the Chapter Folders in Blackboard.
11/23 Chapter 12 Reporting Cash Flows-Indirect Method Only All required homework is located under the Chapter Folders in Blackboard.
11/30 Chapter 13 Analysis of Financial Statements All required homework is located under the Chapter Folders in Blackboard.
12/7 FINAL EXAM WEEK -- See instructions below.

The course schedule, policies, procedures, and assignments in this course are subject to change in the event of extenuating circumstances, by mutual agreement, and/or to ensure better learning. 

Additional Information

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