Student Learning Outcomes (SLO) for ACCT 124
SLO #1:
Given the amounts for two of the three elements of the accounting equation, students should
demonstrate the ability to solve for the third.
Course Objective(s) covered: Identify and define the major accounting concepts and
principles within the financial structure of business enterprises.
Department Learning Outcome covered: Demonstrate an understanding of fundamental
accounting theory.
Institutional Learning Outcome covered: Critical Thinking
SLO #2:
Students should demonstrate the ability to record transactions using journal entries.
Course Objective(s) covered: Prepare accounting documents that demonstrate ability to
use accounting journals and their concepts.
Department Learning Outcome covered: Apply the accounting skills necessary to
accumulate and summarize financial information for decision making
Institutional Learning Outcome covered: Critical Thinking
SLO #3:
Students should demonstrate the ability to journalize entries for accounts requiring
adjustment.
Course Objective(s) covered: Prepare accounting documents that demonstrate ability to
use accounting journals and their concepts.
Department Learning Outcome covered: Apply the accounting skills necessary to
accumulate and summarize financial information for decision making.
Institutional Learning Outcome covered: Critical Thinking
ACCT 124 SLO Sample Questions
Choose one problem from each outcome listed
Student Learning Outcome #1:
1) The total assets and total liabilities of Coca-Cola and PepsiCo are shown below.
Coca-Cola (in millions)
PepsiCo (in millions)
Assets
$29,963
$29,930
Liabilities
13,043
14,483
Determine the total stockholders’ equity of each company:
2) The total assets and stockholders’ equity of eBay and Google are shown below.
eBay (in millions)
Google (in millions)
Assets
$13,494
$18,473
Stockholders’ Equity
10,905
17,040
Determine the total liabilities of each company:
3) The total liabilities and stockholders’ equity of Toys “R” Us and Estee Lauder are shown below.
Toys “R” Us (in millions)
Estee Lauder (in millions)
Liabilities
$5,367
$1,955
Stockholders’ Equity
4,030
1,462
Determine the total assets of each company:
Student Learning Outcome #2:
1) Prepare a journal entry for the purchase of office supplies on October 14 for $9,000, paying
$1,800 cash and the remainder on account.
Post.
Date
Description
Ref.
Debit
Credit
2) Prepare a journal entry on April 2 for cash received for services rendered, $3,600.
Post.
Date
Description
Ref.
Debit
Credit
3) Prepare a journal entry on November 29 for fees earned on account, $11,375.
Post.
Date
Description
Ref.
Debit
Credit
Student Learning Outcome #3:
1) Colossal Realty Co. pays weekly salaries of $19,375 on Friday for a five-day workweek ending on
that day. Journalize the necessary adjusting entry at the end of the accounting period assuming
that the period ends on Tuesday, December 31.
Date
Description
Post.
Ref.
Debit
Credit
2) The estimated amount of depreciation on equipment for the current calendar year is $3,200.
Journalize the adjusting entry to record the depreciation.
Date
Description
Post.
Ref.
Debit
Credit
3) At the end of the current calendar year, $12,400 of fees have been earned but have not been
billed to clients. Journalize the adjusting entry to record the accrued fees.
Date
Description
Post.
Ref.
Debit
Credit
Rubric for ACCT 124
N/A
Student not present when SLO was administered.
0
No attempt at the problem (student in class but left answer blank).
1
Student demonstrates little or no understanding of the instructions and/or the execution.
Student understood instructions but was unable to demonstrate the required skills to
solve the problem.
2
Student demonstrates an understanding of the instructions but makes minor errors in
execution.
3
Student demonstrates a complete understanding of the instructions and produces an
appropriate solution. Solution should be completely accurate.