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ACNT-1303-001 Introduction to Accounting I
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
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(3 sem hrs; 3 lec, 1 lab)
On Campus Course
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College Accounting (Chapters 1-12), 5th Edition, Paradigm Publishing
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ISBN: 978-0-76383-495-1
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College Accounting (Chapters 1-12) Study Guide & Working Papers, 5th Edition, Paradigm Publishing
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ISBN: 978-0-76383-491-3
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.
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".
\ Please turn off your cell phone before coming to class.
GRADING SCALE: 90-100 = A; 80-89 = B; 70-79 = C; 60-69 = D; <60 = F
INTRODUCTION TO ACCOUNTING 1303-001
Attendance (5%)
___ January 20 ___ February 22, 24 ___ April 11, 13
___ January 25, 27 ___ February 29, March 2 ___ April 18, 20
___ February 1, 3 ___ March 7, 9 ___ April 25, 27
___ February 8, 10 ___ March 21, 23 ___ May 11
___ February 15, 17 ___ April 4, 6
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 ___ = _____
\ 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.
REMINDER: Staple all papers in order to be sure your name and class number are written at the top.
INTRODUCTION TO ACCOUNTING 1303-001
MW, 12:30 noon – 1:45 PM
Spring, 2016
January 20—IN CLASS
___Meet and Greet
___Discuss Needed supplies
___Review of Syllabus
___Discuss Grading System
___Discuss Introductory Pages 1-7
HOMEWORK DUE ON January 25
____Read Chapter 1, The Nature of Accounting
____ Get Textbook, workbook, and all needed supplies
January 25, 27—IN CLASS
____Discuss Chapter 1
____Discuss Use of Check Sheets and Weekly Test
____Discuss Use of Study Partner CD
____Chapter 1 Review Quizzes & Exercises as time allows
HOMEWORK DUE ON February 1
_____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
February 1, 3—IN CLASS
_____Turn in Homework and Checksheets
_____Answer questions on Chapter 1
_____Weekly Test on Chapter 1
_____Discuss Chapter 2
HOMEWORK DUE ON February 8
_____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
February 8, 10—IN CLASS
_____Turn in Homework and Checksheets
_____Return Weekly Test on Chapter 1—discuss
_____Answer questions on Chapter 2
_____Weekly Test on Chapter 2
_____Discuss Chapter 3
HOMEWORK DUE ON February 15
_____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
February 15, 17—IN CLASS
_____Turn in Homework and Checksheets
_____Return Weekly Test on Chapter 2—discuss
_____Answer questions on Chapter 3
_____Weekly Test on Chapter 3
_____Discuss Chapter 4
HOMEWORK DUE ON February 22
_____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
February 22, 24—IN CLASS
_____Review for major test
_____Turn in Homework and Checksheets
_____Return Weekly Test on Chapter 3—discuss
_____Answer questions on Chapter 4
_____Take major Test #1
_____Discuss Chapter 5, Completing the Accounting Cycle for a Service Business
HOMEWORK DUE ON February 29
_____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
February 29, March 2—IN CLASS
_____Turn in Homework and Checksheets
_____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 March 9)
_____Take Weekly Test on Chapter 5
_____Begin our discussion of Chapter 6
HOMEWORK DUE ON March 7
_____Work on Comprehensive Review Problem #1, p. 213-214 (Bring questions to class)
_____Study for Major Test #2—Chapters 4 and 5
Do the problems for the part of Ch. 6 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
March 7, 9—IN CLASS
_____Review for Major Test #2 on Chapters 4-5 and Comprehensive Review Problem #1
_____Turn in Homework and checksheets not already turned in for Chapters 1-5 (Deadline)
_____Return Weekly Test on Chapter 4
_____Return Weekly Test on Chapter 5
_____Comprehensive Review Test is Due on Wednesday, March 9
_____Complete the Discussion on Chapter 6
_____Work on Comprehensive Review Problem
_____Take Major Test #2
HOMEWORK DUE ON March 21
_____Finish the rest of the assignments for Chapter 6 (see list above)
_____Read Chapter 7, Accounting for a Merchandising Business, Purchases and Cash Payments
March 14-20—SPRING BREAK HOLIDAY
March 21, 23—IN CLASS
_____Turn in homework and checksheets for Chapter 6
_____Return Major Test #2 and Discuss
_____Take Weekly Test on Chapter 6
_____Discuss Chapter 7, Part I
March 28, 30—IN CLASS
_____Return Weekly Test on Chapter 6
_____Complete Discussion of Chapter 7
HOMEWORK DUE ON April 4
_____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
April 4, 6—IN CLASS
_____Turn in Homework and checksheets
_____Answer questions on Chapter 7
_____Take Weekly Test on Chapter 7
_____Discuss Chapter 8
_____Introduce Case Problem 8-5A (Due April 18)
HOMEWORK DUE ON April 11
_____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
_____Read Chapter 9, Worksheet and Adjustments for a Merchandising Business
April 11, 13—IN CLASS
_____Turn in Homework and Checksheets
_____Return Weekly Test on Chapter 7
_____Answer questions on Chapter 8
_____Answer questions on Problem 8-5A
_____Take Weekly Test on Chapter 8
_____Discuss Chapter 9
HOMEWORK DUE ON April 18
_____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
_____Complete Problem 8-A
April 18, 20—IN CLASS
_____Turn in all homework not already turned in for Chapters 6-8 (Deadline)
_____Turn in Problem 8-5A and take audit test on the 18th
_____Return Weekly Test on Chapter 8
_____Answer questions on Chapter 9 (Take home test)
_____Introduce Comprehensive Review Problem #2 (Due April 27)
_____Discuss Chapter 10
HOMEWORK DUE ON April 25
_____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)
April 25, 27—IN CLASS
_____Take Questions on Comprehensive Review Problem #2
_____Turn in Homework and checksheets (Deadline for Chapters 9 & 10)
_____Review for Major Test #3 on Chapters 6-10
_____Take Major Test #3
May 2, 4—IN CLASS
___Work on Comprehensive Review Problem #2 in class (May 2)
___Comprehensive Review Problem Due (May 2)
___Take Audit Test on Comprehensive Review Problem #2 (May 4)
___Review for Final on Chapters 1-10
HOMEWORK DUE ON May 11
_____Review for Final on Chapters 1-10
May 9, 11 IN CLASS
_____ May 9—no class
_____May 11—Final 12:30 to 2:00 pm
No additional information available
11/30/-1 12:00 AM
11/30/-1 12:00 AM