Introduction to Accounting I Syllabus for 2014-2015
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Course

ACNT-1303-001 Introduction to Accounting I

Prerequisites

Course Description

A study of analyzing, classifying and recording business transactions in a manual and computerized environment. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations and payroll.

Student Resources Student Resources Website

Department Expectations

\N

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Hours

(3 sem hrs; 3 lec, 1 lab)

Class Type

On Campus Course

Syllabus Information

Textbooks

\ College Accounting (Chapters 1-12), 5th Edition, Paradigm Publishing
\ ISBN:  978-0-76383-495-1

\

\ College Accounting (Chapters 1-12) Study Guide & Working Papers, 5th Edition, Paradigm Publishing
\ ISBN:  978-0-76383-491-3

Supplies

    \
  1. \ Textbooks - College Accounting (Chapters 1-12), 5th Edition, Paradigm Publishing
    \ ISBN:  978-0-76383-495-1  and

    \ College Accounting (Chapters 1-12) Study Gui

    Student Performance

    The student will define accounting terminology; analyze and record business transactions in a manual and computerized environment; complete the accounting cycle; prepare financial statements, and apply accounting concepts related to cash and payroll.

    By the end of the semester, the student will be able to complete satisfactorily all of the Learning Outcomes (Minimum Competencies) with a competency level based on the completion of required examinations administered under the supervision of the instructor and evaluated according to the instructor’s grading scale in the Office Administration Department.

    1. Define accounting terminology.
    2. Analyze and record business transactions in a manual and computerized environment.
    3. Complete the accounting cycle.
    4. Prepare financial statements.
    5. Apply accounting concepts related to cash and payroll.

    Students Rights and Responsibilities

    Student 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

    \ Please turn off your cell phone before coming to class.

    Grading Criteria

    GRADING SCALE:  90-100 = A; 80-89 = B; 70-79 = C; 60-69 = D; <60 = F

    INTRODUCTION TO ACCOUNTING 1303-001

    Attendance (5%)

    ___ August 27               ___ October 1                ___ November 5
    ___ September 3           ___ October 8               ___ Novemer 12
    ___ September 10         ___ October 15              ___ November 19
    ___ September 17         ___ October 22              ___ December 3
    ___ September 24         ___ October 29

                                                    Attendance Average .05 X ___ = _____

    Homework (10%)                                                     .10 X ___ = _____                   

    Weekly Tests (15%)

    ___ Chapter 1               ___ Chapter 4               ___ Chapter 7
    ___ Chapter 2               ___ Chapter 5               ___ Chapter 8
    ___ Chapter 3               ___ Chapter 6               ___ Chapter 9

                                                    Weekly Test Average .15 X ___ = _____ 

    Major Exams (30%)

    _____ Major Test on Chapters 1-3
    _____ Major Test on Chapters 4-5
    _____ Major Test on Chapters 6-10

                                                    Major Exams Average .30 X ___ = _____

    Comprehensive Review Problems (25%)

    _____ Comprehensive Review Problem #1, p. 213-214
    _____ Problem 8-5A, Page 376-377
    _____ Comprehensive Review Problem #2, p. 499-502

                     Comprehensive Review Problems Average .25 X ___ = _____

    Comprehensive Final (15%)

    Chapters 1-10                            Comprehensive Final  .15 X ___ = _____

    Attendance

    \ Employees in the business world are expected to be at work promptly each day; therefore, students in business classes are expected to be in class promptly each evening.  This class meets one time each week.  We have alot to cover every evening.  Please be in your seat and ready to learn by 6:55 pm each evening. Class will start promptly at 7:00 pm.  Your attendance in this class is counted as 5% of your grade.

    Calendar

    REMINDER:  Staple all papers in order to be sure your name and class number are written at the top.

    INTRODUCTION TO ACCOUNTING 1303-001
    THURSDAYS, 7:00 – 9:45 PM

    FALL, 2015

    AUGUST 27—IN CLASS
    ____ Meet and Greet
    ____Discuss Needed Supplies
    ____Review of Syllabus
    ____Discuss Grading System
    ____Discuss Other Miscellaneous Items
    ____Discuss Introductory Pages 1-7

    HOMEWORK DUE ON SEPTEMBER 3
    ____Read Chapter 1, The Nature of Accounting
    ____ Get Textbook, workbook, and all needed supplies


    SEPTEMBER 3—IN CLASS
    ____Discuss Chapter 1
    _____Discuss Use of Check Sheets and Weekly Test
    _____Discuss Use of Study Partner CD
    _____Chapter 1 Review Quizzes & Exercises if time allows

    HOMEWORK DUE ON SEPTEMBER 10
    _____Exercise 1-1, p. 41
    _____Exercise 1-2
    _____Exercise 1-3
    _____Exercise 1-4
    _____Exercise 1-5
    _____Exercise 1-6
    _____Exercise 1-7
    _____Exercise 1-8
    _____Case Problem, Group A, Problem 1-1A
    _____Case Problem, Group A, Problem 1-2A
    _____Case Problem, Group A, Problem 1-4A
    _____Read Chapter 2, Recording Business Transactions
    _____Study for Weekly Test on Chapter 1


    SEPTEMBER 10—IN CLASS
    ____
    Turn in Homework and Check Sheets
    _____10’ Q & A Session on Chapter 1
    _____Discuss Chapter 2
    _____Weekly Test on Chapter 1 @ 9:15 pm (Turn in by 9:50 pm)

    HOMEWORK DUE ON SEPTEMBER 17
    _____Exercise 2-1
    _____Exercise 2-2
    _____Exercise 2-3 (Skip 2-4)
    _____Exercise 2-5
    _____Exercise 2-6
    _____Case Problem Group A Problem 2-1
    _____Case Problem Group A Problem 2-2
    _____Case Problem Group A Problem 2-3 (Skip Case Problem 2-4)
    _____Case Problem Group A Problem 2-5
    _____Read Chapter 3, Starting the Accounting Cycle for a Service Business


    SEPTEMBER 17—IN CLASS
    _____Turn in Homework and Check Sheets
    _____Return Weekly Test on Chapter 1—discuss
    _____10’ Q & A Session on Chapter 2
    _____Discuss Chapter 3
    _____Weekly Test on Chapter 2 @ 9:15 pm (Turn in by 9:50 pm)

    HOMEWORK DUE ON SEPTEMBER 24
    _____Exercise 3-1
    _____Exercise 3-2
    _____Exercise 3-3
    _____Exercise 3-4
    _____Exercise 3-5
    _____Exercise 3-6
    _____Exercise 3-7
    _____Case Problem Group A Problem 3-1
    _____Case Problem Group A Problem 3-2
    _____Case Problem Group A Problem 3-3
    _____Case Problem Group A Problem 3-4
    _____Read Chapter 4, The Accounting Cycle Continued, Worksheet, Financial Statements, Adjusting Entries


    SEPTEMBER 24—IN CLASS
    _____Turn in Homework and Check Sheets
    _____Return Weekly Test on Chapter 2—discuss
    _____10’ Q & A Session on Chapter 3
    _____Discuss Chapter 4
    _____Weekly Test on Chapter 3 @ 9:15 pm (Turn in by 9:50 pm)

    HOMEWORK DUE ON OCTOBER 1
    _____Exercise 4-1
    _____Exercise 4-2
    _____Exercise 4-3
    _____Exercise 4-4
    _____Exercise 4-5
    _____Exercise 4-6
    _____Exercise 4-7
    _____Case Problem Group A Problem 4-1
    _____Case Problem Group A Problem 4-2
    _____Case Problem Group A Problem 4-3
    _____Read Chapter 5, Completing the Accounting Cycle for a Service Business
    _____Study for Major Test #1 on Chapters 1-3


    OCTOBER 1—IN CLASS
    _____Tutoring for Major Test #1 on Chapters 1-3 (6:00 pm – 6:45 pm)
    _____Turn in Homework and Check Sheets
    _____Return Weekly Test on Chapter 3—discuss
    _____10’ Q & A Session on Chapter 4
    _____(7:30 – 9:00) Take Major Test #1 and Take a Break (Be back in class at 8:55 pm)
    _____Discuss Chapter 5, Completing the Accounting Cycle for a Service Business until 9:45 pm

    HOMEWORK DUE ON OCTOBER 8
    _____
    Take home Weekly Test on Chapter 4
    _____Exercise 5-1
    _____Exercise 5-2
    _____Exercise 5-3
    _____Exercise 5-4
    __­___Exercise 5-5 (Skip Exercise 5-6)
    _____Exercise 5-7
    _____Exercise 5-8
    ______Case Problem Group A, Problem 5-3
    ______Read Chapter 6, Internal Control and Accounting for Cash


    OCTOBER 8—IN CLASS
    _____Turn in Homework and Check Sheets
    _____Turn in Weekly Test on Chapter 4
    _____Return Major Test #1, Discuss
    _____Complete Chapter 5 Discussion
    _____Discuss Comprehensive Review Problem #1, p. 213-214 (Due October 23)
    _____Begin our discussion of Chapter 6
    _____Take Weekly Test on Chapter 5 at 9:15 pm (Turn in by 9:50 pm)

    HOMEWORK DUE ON OCTOBER 15
    _____Work on Comprehensive Review Problem #1, p. 213-214 (Bring questions to class—(Help from 6:00– 6:55 pm before class next week.)
    _____Study for Major Test #2—Chapters 4 and 5

    Do the problems for the part of the lesson that has been covered:
    _____Exercise 6-1
    _____Exercise 6-2
    _____Exercise 6-3
    _____Exercise 6-4
    _____Exercise 6-5
    _____Exercise 6-6
    _____Exercise 6-7
    _____Exercise 6-8
    _____Exercise 6-9
    _____Exercise 6-10
    _____Case Problem Group A Problem 6-3
    _____Case Problem Group A Problem 6-4


    OCTOBER 15—IN CLASS
    _____Tutoring for Major Test #2 on Chapters 4-5  and Comprehensive Review Problem #1
                 (6:00 pm – 6:55 pm)
    _____Turn in Homework and Check Sheets
    _____Return Weekly Test on Chapter 4
    _____Return Weekly Test on Chapter 5
    _____Take Questions for Test on Chapters 4-5
    _____(7:30 – 9:00) Take Major Test #2 and Take a Break (Be back in class at 8:55 pm)
    _____Complete the Discussion on Chapter 6
    _____Work on Comprehensive Review Problem until 9:45 pm unless already turned in

    HOMEWORK DUE ON OCTOBER 22
    _____Complete Comprehensive Review Problem #1
    _____Complete any homework on Chapters 1-5 that you are behind on—deadline is October 23
    _____Finish the rest of the assignments for Chapter 6 (see list above)
    _____Read Chapter 7, Accounting for a Merchandising Business, Purchases and Cash Payments


    OCTOBER 22—IN CLASS
    _____Turn in Comprehensive Review Problem #1 and take Audit Test
    _____Turn in all homework and Check Sheets not already turned in for Chapters 1-5 (Deadline)
    _____Turn in homework and Check Sheets for Chapter 6
    _____Return Major Test #2 and Discuss
    _____Discuss Chapter 7, Part I
    _____Take Weekly Test on Chapter 6 @ 9:15 pm (Turn in by 9:50 pm)


    OCTOBER 29—IN CLASS
    _____Return Weekly Test on Chapter 6
    _____Complete Discussion of Chapter 7

    HOMEWORK DUE ON NOVEMBER 5
    _____Exercise 7-1
    _____Exercise 7-2
    _____Exercise 7-4
    _____Exercise 7-7
    _____Case Problem Group A, Problem 7-2
    _____Case Problem Group A, Problem 7-3
    _____Case Problem Group A, Problem 7-4
    _____Case Problem Group A, Problem 7-5
    _____Read Chapter 8, Accounting for a Merchandising Business, Sales and Cash Receipts


    NOVEMBER 5—IN CLASS
    _____Turn in Homework and Check Sheets
    _____15’ Q & A Session for Chapter 7
    _____Take Weekly Test on Chapter 7 (45’)
    _____Discuss Chapter 8

    HOMEWORK DUE ON NOVEMBER 12
    _____Exercise 8-1
    _____Exercise 8-4
    _____Exercise 8-6
    _____Exercise 8-7
    _____Exercise 8-8
    _____Exercise 8-10
    _____Case Problem Group A, Problem 8-1
    _____Case Problem Group A, Problem 8-2
    _____Start Case Problem 8-5, p. 376-377, Due November 20
    _____Read Chapter 9, Worksheet and Adjustments for a Merchandising Business


    NOVEMBER 12—IN CLASS
    _____
    Tutoring Before class on Case Problem 8-5A, p. 376-377 (6:00 pm – 6:45 pm)
    _____Turn in Homework and Check Sheets
    _____Return Weekly Test on Chapter 7
    _____10’ Q & A Session for Chapter 8
    _____Take Weekly Test on Chapter 8 (45’)
    _____Discuss Chapter 9
    _____Take Questions on Case Problem 8-5A--Due November 20


    HOMEWORK DUE ON NOVEMBER 19
    _____Case Problem 8-5A
    _____All work for Chapters 6, 7, 8 which has not been turned in yet
    _____Exercise 9-1
    _____Exercise 9-2
    _____Exercise 9-3
    _____Exercise 9-4
    _____Exercise 9-5
    _____Exercise 9-6
    _____Case Problem Group A, Problem 9-4
    _____Read Chapter 10, Financial Statements and Closing Entries for a Merchandising Business
    _____Start on Comprehensive Review Problem #2, p. 499-502 (Due December 4)


    NOVEMBER 19—IN CLASS
    _____
    Tutoring Before class on Case Problem 8-5A (6:00 pm – 6:55 pm
    _____Turn in Case Problem 8-5A and take Audit Test
    _____Turn in all homework and Check Sheets not already turned in for Chapters 6-8 (Deadline)
    _____Turn in Homework and Check Sheets
    _____Return Weekly Test on Chapter 8
    _____10’ Q & A for Chapter 9
    _____Discuss Chapter 10

    ___________________________________________________________________________________________________________

    NOVEMBER 26—THANKSGIVING HOLIDAY—NO CLASS TONIGHT

    ___________________________________________________________________________________________________________

    HOMEWORK DUE ON DECEMBER 3
    _____Take Home Weekly Test for Chapter 9
    _____Complete Comprehensive Review Problem #2, p. 499-502
    _____Exercise 10-1
    _____Exercise 10-2
    _____Exercise 10-3
    _____Exercise 10-4
    _____Exercise 10-5
    _____Exercise 10-6
    _____Exercise 10-8
    _____Study for Major Test #3 (Chapters 6-10)


    DECEMBER 3—IN CLASS
    _____
    Turn in Comprehensive Review Problem #2 and Take Audit Test
    _____Turn in Homework and Check Sheets
    _____Turn in Take Home Weekly Test on Chapter 9
    _____In-class review for Major Test #3 on Chapters 6-10
    _____Major Test #3

    HOMEWORK DUE ON  DECEMBER 10
    _____Review for Final on Chapters 1-10
    _____Turn in checksheets for Chapters 9 & 10
    _____Complete any homework not turned in for Chapters 9 and 10


    DECEMBER 10 IN CLASS
    _____ Take Final

    Additional Information

    No additional information available

    Syllabus Created on:

    11/30/-1 12:00 AM

    Last Edited on:

    11/30/-1 12:00 AM