5:30 p.m - 6:50 p.m
General Learning Goals:
Students will demonstrate problem solving and decision making abilities through the critical
analysis, evaluation, and interpretation of petroleum accounting information. Classroom
discussion, problem assignments, and examinations will require students to use critical thinking
skills to apply accounting concepts and principles to various situations. Demonstrations of
problem solving and decision making abilities will be included in class lectures. Students will
develop these skills by completing assigned homework and/or in-class exercises. The
development of each student’s abilities will be assessed through examinations which require
problem solving and decision making.
Students will be able to utilize available technology for common business applications.
Homework is assigned which requires the student to use the computer. In addition, a course
WebCT site is available for the student’s use.
This course seeks to provide the undergraduate accounting student with a foundation in
fundamental petroleum accounting. A student who successfully completes this course should be
• understand the various crude oil and natural gas exploration and production activities,
• understand the jargon common to the petroleum industry and to petroleum accounting, and
• understand, identify, and appropriately apply petroleum accounting principles to various
exploration and production activities.
Grading and Evaluation:
Grading and evaluation will be as follows:
25% Exam 1
25% Exam 2
25% Exam 3
25% Miscellaneous (homework, quizzes, groupwork, etc.)
A course grade of 90% or better will result in a letter grade of A, 80-89% B, 70-79% C, 60-69%
D, <60% F.
Participation/attendance will be monitored each class meeting. Class will begin at the scheduled
time. Each student is expected to remain until class is finished. Promptness is an expected quality
of individuals in any profession. These requirements are in accordance with the university
attendance policy. (See Midwestern State University 2009-2010 Student Handbook, p. 40).
Attendance will be taken at the beginning of each class. If a student comes in late, the student
must tell me at the end of that class period in order for the attendance record to be changed.
Attendance will be taken into consideration in borderline grade situations. Please note that poor
attendance typically results in a poor grade in the course.
It is important that the classroom environment be free of disruptions that may interfere with the
learning process. To minimize classroom distractions, students should observe the following rules:
1. Remain seated while the class is in progress (unless you become ill).
2. Avoid conversing with colleagues while the class is in progress.
3. Turn off all cell phones, beepers, and other wireless communications prior to entering the
4. Avoid food and beverage consumption in the classroom. With the exception of bottled
water, NO FOOD OR BEVERAGE IS ALLOWED IN THE CLASSROOMS IN THE
DILLARD BUILDING. Food and beverages can be consumed in the public areas in the
facility as well as in the conference rooms.
5. Turn off and put away laptop computers during class unless the laptop is being used during
authorized times: to access the course e-book and/or to take class notes.
6. Close and put away all materials not directly related to the ongoing course lecture (e.g.,
magazines, newspapers, books, and work from other classes, etc.).
7. Remain awake and attentive and be prepared to engage in class discussions at all times.
Midwestern State University’s Code of Student Conduct contained in the 2009-10 Student
Handbook, pages 69-80, will be adhered to explicitly.
An instructor may drop a student any time during the semester for excessive absences, for
consistently failing to meet class assignments, for an indifferent attitude, or for disruptive conduct.
The instructor must give the student a verbal or written warning prior to being dropped from the
THIS IS YOUR WRITTEN WARNING THAT YOU MAY BE DROPPED FROM THIS
CLASS IF YOU HAVE MORE THAN THREE (3) ABSENCES.
Questions Regarding Course Grade:
Grades are confidential by law. Therefore, I do not post grades or reveal grades over the telephone
or by e-mail/fax. Grades will be posted on WebCT for this class. After grade reports are issued, if
you have a question about your grade, you must contact me within one month of the date your final
examination was administered. Due to storage limitations, I normally must discard exams, papers,
etc. after the first month into the following semester.
You will need:
1. A ScanTron Form 882-E. These may be purchased at the MSU Bookstore.
2. Several No. 2 pencils for marking answers on your ScanTron.
3. A silent, basic four-function calculator that works throughout the exam (if the calculator
fails for any reason, the student may not share someone else’s calculator, but may borrow
one for the remainder of the exam). Programmable or alphanumeric calculators, calculators
with display greater than a single line, graphing calculators, Palm Pilots (or equivalent) or
cell phones may not be used for class work or exams.
Test dates may be changed as the semester progresses. If a student is absent, it is the student’s
responsibility to determine if a test date has been changed by checking WebCT.
CAUTION: If you erase an answer on your ScanTron Form, the ScanTron grading machine may
incorrectly grade your answers. Consequently, you must erase completely, if you erase a ScanTron
answer. Additionally, your answer blocks must be completely shaded in to ensure proper grading.
Items counted wrong by the ScanTron machine due to improper shading or erasing will receive zero
Examinations are returned to the student and discussed in class after they are graded. The student
should review the exam at this time as a learning tool and make note of any areas where
performance was not acceptable. Examinations will be collected from the student after they are
discussed in class and are retained as evidence of the student’s performance in this course. The
examinations are the property of Midwestern State University.
The only valid excuses for missing an exam are illness requiring medical care, required university
activities, or a personal emergency of a serious nature. Makeups will be approved only in cases
where there are valid excuses for missing, and the student presents supporting documentation. Prior
permission is required, if possible; otherwise, documentation is required immediately upon
returning to this class; otherwise, no makeup will be allowed, and a grade of zero will be assigned
(You must discuss makeup approvals with me no later than the day of the first AIS class period that
you attend following the absence).
With regard to academic honesty, students are referred to the “Student Honor Creed” on p. 19 of
Midwestern State University Undergraduate Catalog, Vol. LXXVIII, No. 1.
In short, cheating, collusion, and plagiarism will not be tolerated. The term “cheating” includes, but
is not limited to: (1) use of any unauthorized assistance in taking quizzes, tests, or examinations; (2)
dependence upon the aid of sources beyond those authorized by the instructor in writing papers,
preparing reports, solving problems, or carrying out other assignments; or (3) the acquisition,
without permission, of tests or other academic material belonging to a member of the university
faculty or staff.
Americans with Disabilities Act:
This class follows the guidelines suggested by the office of Disability Support Services for those
students who qualify for disability services. See Midwestern State University Undergraduate Catalog,
Vol. LXXVIII, No. 1, p. 21. Students with disabilities must be registered with Disability Support
Services before classroom accommodations can be provided.
Syllabus Change Policy:
This syllabus is a tentative guide for the course and is subject to change. Changes will be
communicated via WebCT. The number of Homework/Miscellaneous assignments is subject to
change. Assignment/project due dates and exam dates are also subject to change. The tentative
schedule included with this syllabus will be changed as necessary to accommodate the progress of
• You need to check WebCT regularly. If you miss a class, it is your responsibility to find out
what you missed, to acquire any handouts, and to get any assignments and submit them before
the due date. Following each class, I will post an entry on the WebCT “Calendar” feature
outlining what was covered/assigned in class that day.
• All communication with me should be either by face-to-face communication or via
e-mail to firstname.lastname@example.org. If you choose to call my office, I’ll be happy to
answer and speak with you if I’m not busy helping someone else at that time. If you
leave a voicemail, all responses from me will be via e-mail to your preferred e-mail
address designated in WebWorld.