Accounting Principles I Syllabus for 2013-2014
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Instructor Information

Course Information

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Course

ACCT-2301-008 Accounting Principles I

Prerequisites

RDNG 0331-minimum grade of C or a score on a state-approved test indicating college-level reading skills

Course Description

A study of accounting concepts and their application in transaction analysis and financial statement preparation and asset and equity accounting in proprietorships and corporations. Emphasis on accounting cycle for service and merchandising enterprises.

Student Resources Student Resources Website

Department Expectations

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Occupational License Disclaimer

Hours

(3 sem hrs; 3 lec)

Class Type

Hybrid

Syllabus Information

Textbooks

The required textbook -  for Acct 2301

no access codes are required.

Accounting 25th ed. Warren-Reeve-Duchac / Cengage

ISBN 9781133607601

Using an earlier ed. of the textbook will puts you at a disadvantage.

Supplies

\ Paper, pencil, pen, and calculator.

Student Performance

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1. \ To identify and apply generally accepted accounting principles, concepts, and procedures.
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2. \ To identify and process steps in the accounting cycle for service and merchandising enterprises.
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3. \ To identify and process transactions relating to assets, liabilities, and capital accounts.
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4. \ To describe the accounting profession.
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5. \ To describe the effects of transactions on the accounting equation through the financial statements using generally accepted accounting principles.
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6. \ To record transactions utilizing subsidiary ledgers in an accounting system of specialized journals and describe the features of an effective accounting information system.
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7. \ To identify features of an effective internal control system and control over cash through preparation of a bank reconciliation, recording petty cash disbursements, and recording transactions in a voucher system.
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8. \ To define different types of receivables and record transactions relating to bad debt receivables and notes receivable.
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9. \ To analyze different methods of accounting for merchandise inventory including lower of cost or market rule, estimating methods, perpetual and periodic systems.
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10. \ To identify the elements of a plant asset cost including contrasts of capital from revenue expenditures, record depreciation by four methods, record depletion of natural resource, amortize intangible assets, and record the disposal of plant assets.
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11. \ To classify liabilities as current or long-term, make basic payroll entries, and cite examples of contingent liabilities.
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\ By the end of the semester the student will be able to satisfactorily complete all the learning objectives listed in the Student Performance/Learning Objectives with a minimum of 60 percent competency level based on the completion of the exams and other assignments administered under the supervision of the instructor.

Students Rights and Responsibilities

Log in using the AC Connect Portal

In order to receive your AC Connect Email, you must log in through AC Connect at https://acconnect.actx.edu .

If you are an active staff or faculty member according to Human Resources, use "Exchange". All other students, use "AC Connect (Google) Email".

Expected Student Behavior

Food and drinks are allowed in the classroom setting but should be properly disposed of.  Electronic devices must be turned off or in silent mode. Also, refer to Student Rights and Responsibilities Policy.

Grading Criteria

Grading Criteria:

Attendance

It is the responsibility of the student to make up any examinations or quizes missed due to absences and to gain missed lecture information through outside reading and/or notes from classmates. Make up examinations will be permitted at the discretion of the instructor. The time and place for make up tests will be determined by the instructor.

Calendar

Additional Information

You will also find the general instructions for the class under general instructions on ac online.  Content subject to change.