Accounting 151A INTRODUCTION TO ACCOUNTING
Course Syllabus
Instructor: Michael G. Booth
Term: Spring 2010
Course Description
This course is an introduction to practical accounting, terminology, and the
complete accounting cycle from documentation through journals, ledgers, and
financial statements for both service and merchandising companies. Course is
designed specifically for careers in the field of private and public accounting, as
well as business owners/managers who wish to prepare or understand the
implications of accounting statements/transactions.
Objectives:
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Recognize various forms of business organization; sole proprietorship,
partnership and corporation
Show the use of accounting equation, T accounts, and double entry
accounting system, journalizing and posting
Explain trial balance, income statement, owner’s equity statement, and
balance sheet and how to create each financial statement
Utilize specialized journals and subsidiary ledgers, adjustments, corrections
and reversing entries
Apply major federal/state laws pertaining to payroll, and taxes, and
supporting accounting transactions
Critically assess, identify and execute the accounting cycle and each of the
steps in the accounting period
Student Learning Outcomes (SLO)
Students should be able to:
Assessment 1
-Use accounting equation, create T accounts, prepare trial balance, income
statement, owner’s equity statement and balance sheet for a sole proprietorship
service business
Assessment 2
-Use double entry accounting system to journalize, post, make corrections,
adjustments, and create :income statement, owner’s equity statement, balance
sheet and close for a sole proprietorship service business
MiniProject 1
- Journalize, post, adjust, and correct using double entry accounting system
for a service business and create income statement, owner’s equity statement,
balance sheet and close accounting period.
Assessment 3
- Create transactions using sales journal, purchase journal, cash receipts
journal, and subsidiary ledgers to create financial statements for a merchandising
business and close
Assessment 4
- Understand/apply major federal/state laws related to payroll, payroll taxes, and
make corrections, adjustments, reversing entries to complete classified financial
statements in addition to post closing traial balance for merchandise business
MiniProject 2
- Complete the accounting cycle; journalize, post (compound/single
transactions), adjust, and correct using specialized journals, journal, subsidiary
ledger, ledger; including payroll, taxes to complete classified financial statements.
- Prepare and make reversing entries and create post closing trial balance
Textbooks and Supplies
Text:College Accounting, 12th Edition with Home Depot Annual Report by Price,
Haddock and Brock ISBN: 9780073401669 Copyright year: 2009. In addition,
College Accounting Chap 1-30 S.G. & WK PAP , ISBN:9780073365695 Copyright
year: 2009.
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Homework Manager.
To purchase Homework Manager, go to McGraw-Hill Online Learning Center Click
on the box titled Register or Purchase Access and follow instructions. The cost is
$53.50. (URL link is in “Related LINKS” section)
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Handheld calculator
User Name and Password in the Computer Technology Center OR offcampus access to the Internet
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Print Card, if using the Computer Technology Center
SCANTRON input answer sheets, Form No 882-E (will be needed for each
assessment)
Course Requirements
Since each person has valuable life and vocational experiences to share,
attendance is extremely important and creates a more interesting and dynamic
class. Many class discussions will be related to the homework assignments;
therefore, it is expected that students will attend and participate in all class
sessions with all assignments prepared professionally and accurately. You are
expected to attend class, and successfully achieve the student learning outcomes
for each major milestone of the course. The student is responsible for all material
covered in class, late assignments will not be accepted. Material covered in class
may not be in the textbook, and could be included in exams. If you are not
present when materials are discussed, assigned or distributed in class, it is your
responsibility to obtain materials from other members of the class.
Classroom Student Responsibilities:
The conduct in the classroom will be in accordance with the Cabrillo Student
Rights and Responsibilities , AR 6110, Revised September 2006. In addition,
there will be NO allowance for cheating. The first incident of cheating will result in
an immediate “F”, the second will result in immediate removal from the course.
“This is a learning environment, the best learning occurs through mistakes, and
therefore at all times the work during the course should be from the student.”
Cooperative Learning:
To respect our right to the best possible learning environment, classroom
disruptions will not be tolerated, please:
- Turn Off cell phones, pagers, etc before class (or as a minimum have on
silent, vibrate mode
- If you arrive late or leave early, sit near the door
- Do NOT carry on side conversations when I, or others are speaking
- Eat before or after—not during class (only water is allowed in the
classroom)
Disabilities/Special Needs
Students needing accommodations should contact the instructor ASAP. As
required by the Americans with Disabilities Act (ADA), accommodations are
provided to ensure equal opportunity for students with verified disabilities. If you
need assistance with an accommodation, please contact Disabled Student
Services, Room 810, 479-6379, or Learning Skills Program, 479-6220. A Learning
Skills specialist is also available at the Watsonville Center Student Resource
Center, 477-5134.
HOMEWORK/ASSESSMENTS:
Homework Problems:
Accounting is a “hands on” subject. You MUST complete the homework to
thoroughly understand the concepts and procedures. Forms to complete these
exercises and problems are provided in your Study Guide and Working Papers
book. You will be required to complete the exercises/problems using McGraw-Hill
Homework Manager ™ (Note: see “Related LINKS” section for URL connection
and registration) which is an online interactive program that grades the
homework and gives immediate feedback. These homework assignments
represent the minimum requirement, completing the homework is critical for
success in completing the mini-projects and assessments. The tentative
schedule, listed above, provides a guideline when to complete the various
assignments, actual dates completion dates are listed in HomeWork Manager™.
Mini-Practice Sets
These are located in your text, at the end of Chapters 6 and 13. Working papers
are included in your workbooks and Excel template is available for each
miniproject. Practice Set 1 Works with a service company for on month; Practice
Set 2 works with a merchandising company for one month. The full accounting
cycle is completed for each set (analysis, recording, adjusting, reporting).
NEATNESS Counts. Staple the working papers in the same order they are present
in the workbook. A stapler is NOT provided by the instructor. Excel Templates are
provided on Blackboard Learning Systems (WebCT).
Mini-Project #1:
Check figures for Mini Project 1(page 186, College Accounting, 12e): (this is
worth 75 points)
UnAdjusted Trial Balance Debit/Credit total: $210,075.00
Adjusted Trial Balance Debit/Credit Total:
$210,258.00
Cash: $132,435.00
Net Income: $37,657.00
Instructions: Post Closing trial Balance for December 31, is on page 167, not
pages 156-157
Mini-Project #2:
Check figures for Mini Project 2 (page 474, College Accounting, 12e: (this is
worth 100 points)
UnAdjusted Trial Balance Debit/Credit total: $291,651.40
Adjusted Trial Balance Debit/Credit Total: $372,311.09
Cash: $47,759.90
Net Income: $15,799.71
Assessments:
Four Assessments will be given, including the Final assessment, plus two
miniprojects. Assessments will consist mostly of multiple-choice questions but
may include matching, terminology, problem solving, computations, journalizing,
creation of statements, etc. See the Tentative schedule for exam dates. The
exams will be separated into chapters. Assessments are linked to Student
Learning Outcomes listed on course home page. No make-ups will be given for
late exams. (Note: Exams will be given using Scantron Form 882-E, and will be
in-class)
Final Assessment:
Note: The final exam will only cover Chapters 10-13. You will have 2 1/2 hrs to
complete the exam. Exam will be worth 50 points.
Group Work and Quizzes
Other group work, supplementary assignments, and short, quizzes may be given.
These will be on BlackBoard Learning System(WebCT). No make up is available.
Full participation is essential.
SCHEDULE:
Tentative Schedule:
Please note – This is a summary of the tentative schedule. In the College
Accounting text Ex=Exercise (1pt ea) and Pr=Problem These are located at the
end of each chapter and are the match with the assignment in HomeWork
Manager. In addition, there may be research and/or discussions topics, quizes,
these will be assigned during class and updated on the Instructor Website and
Blackboard Learning Systems.
Week
Date
Topic
1
Feb 9
Introduction Chap 1
Feb 11
Chapter 1/2
Ex 2-1 to 2-6, Ex 2-7 to 2-10
Feb 16
Chapter 2
Pr 2.1A, 2.3A, 2.4A,
Feb 18
Chapter 3
Ex 3-1 to 3-8
Feb 23
Chapter 3
Pr 3-1A, 3-2A, 3-3A,3-4A, 35A
Feb 25
Chapter 3
CT 3.1 Study for Assessment
#1
Mar 2
Assessment #1 Chap
1-3
CT 3.1 Due. Start Reading
Chapter 4
Mar 4
Chapter 4
Ex 4-1 to 4-5
Mar 9
Chapter 4
Pr 4-2A, 4-3A
Mar 11
Chapter 5
Ex 5-1 to 5-5 Pr 5.4A
Mar 16
Chapter 5/6
Ex 6-1 to 6-7;
Mar 18
Chapter 6
Pr 6-1A, 6-2A, 6-3A
MiniProject 1
Mar 23
Chapter 6
Mini Project 1
Mar 25
Chapter 6/ Review
Mini Project 1; Study for
Assessment #2 Note: Spring
Break Mar 29 – Apr 3
2
3
4
5
6
7
Assignment
8
9
10
11
12
13
14
15
16
Apr 6
Assessment #2 Chap
4-6
Mini Project 1 Due
Apr 8
Chap 7/ Mini Practice
Review/Assessment
Review
Ex 7-1 to 7-10
Apr 13
Chapter 7
Pr 7-3A, 7-4A
Apr 15
Chapter 8
Ex 8-1 to 8-8
Apr 20
Chapter 8
Pr 8-1A, 8-4A
Apr 22
Chapter 9
Ex 9-1 to 9-7A
Apr 27
Chapter 9
Pr 9-2A, 9-3A
Apr 29
Chapter 7-9 overview
Study for Assessment #3
May 4
Assessment #3
Chapters 7-9
Start reading Chap 10
May 6
Chapter 10
Ex 10-1 to 10-7
May 11
Chapter 10
Pr 10-1A, 10-2A
May 13
Chapter 11
Ex 11-1 to 11-8
May 18
Chapter 11& 12
Pr 11-2A
May 20
Chapter 12
Ex 12-1 to 12-7, MiniProject
#2
May 25
Chapter 12 & 13
Pr 12-1A, 12-2A, Mini Project
#2
May 27
Chapter 13/ Review
Ex 13-1 to 13-6, Pr 13-1A,
MiniProject #2 is Due
Jun 1 - 6
FINAL Assessment:
Note; See Calendar
Tab for Final Schedule
times
2 ½ hrs on-line, HomeWork
Manager, Chap 10-13 only
Note: Holiday May 31
Grading:
Note: The points are approximate and are subject change at the discretion of the instructor.
Total Points:
Assignment
Points
Mini-Project #1
75
Mini-Project #2
100
Assessments- 3 100 pts ea.
300
Final Assessment
50
Quizzes, homework, other
assignments, class
participation
550
TOTAL
1075
Grading:
Percentage of Points
Grade
90 - 100%
A
80 - 89%
B
70 - 79%
C
60 – 69 %
D
59% and below
F
Note: If you decide to drop this class, it is your responsibility to
officially withdraw to avoid a letter grade. CR/NC is available by
making arrangements with the instructor prior to the published
date on the calendar for the making the change.