Introduction to Accounting I Syllabus for 2015-2016
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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%)

    ___ 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 ___ = _____

    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
    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

    Additional Information

    No additional information available

    Syllabus Created on:

    11/30/-1 12:00 AM

    Last Edited on:

    11/30/-1 12:00 AM