Principles of Accounting 1
Description
COURSE SYLLABUS
PARTIALLY ONLINE COURSE
Course Title: Principles of Accounting 1
Course Number:ACC1101
Instructor: Professor Stanley V. Carroll
Office Hours: Room N1026 Monday 1:45pm to 2:45pm and Tuesday 2pm to 3pm
Department of Business: N1012/718-260-5146
Department Secretary: Elizabeth Rohan
E-mail: SCarroll@citytech.cuny.edu
Course Description:
The course includes the following topics: Measuring and Recording Business Transactions,
Business Income and Adjusting Entries, Completion of the Accounting Cycle, Accounting for
Merchandising Operations, Inventories, Internal Control and Cash, Receivables, and Accounting
Information Systems.
Online Course Descriptions:
This is an online course that requires your active participation. You will use an online course
management system called Wileyplus to submit homework assignment and to take exams.
A Course Objectives:
An important objective of the course is the intelligent interpretation and use of financial
statements in managing and analyzing business operations. To further this objective, students
will gain a firm understanding and working knowledge of:
Basic accounting terminology and the process by which transactions are analyzed and
transformed into financial statements and
The structure and content of the income statement and the current asset side of the balance sheet.
Special emphasis is placed on the measurements of assets and their associated effects on
a company’s earnings. Future accounting majors will obtain a foundation that will allow
them to move on to more advanced accounting courses.
A secondary objective is making ethical decisions in financial reporting.
Reading Material:
Textbook: Accounting Principles 10th edition by Weygandt, Kimmel and Kieso
YOU CANNOT PARTICIPATE IN THE COURSE WITHOUT WILEYPLUS
The textbook is available in the college bookstore along with the required access code which is
attached to the text. The software is called, www.wileyplus.com.. It includes the textbook online,
the accounting problems that will be assigned and a number tutorial devices.
Wileyplus.com is a dynamic interactive eLearning program. You will need a student access code
to register for the program The access code comes with your purchase of the textbook.
Grading Policy:
4 exams (every other chapter) 45%
Online Assignments
40%
Final examination 15%
Total
100%
Attendance Policy: Completion of weekly assignments is required for attendance. No more than
10% of assignments may be missed. Online participation and timely completion of assignment
constitutes your
attendance.
Academic Integrity: Students are expected to maintain the high ethical standards that are
representative of the best in the profession they have chosen to enter. Assignments and
examinations should be completed
in compliance with those standards of honesty and integrity. Cases of academic dishonesty are
viewed as a serious violation of professional ethics and will have consequences that could
include failure and/or dismissal from the institution.
Keys to Success: Your success in this course requires your careful attention to and use of the
course outline and the quick completion of assignments posted on wileyplus. This course
requires that you keep pace week by week with each lesson. You need to understand the previous
week’s material to advance, therefore procrastination is very damaging in a course of this nature.
Continuous Improvement:
An objective of all involved with this course is to continually improve it. Continous
improvement, the fundamental tenet of Total Quality Management is based on the concepts of
quality, empowerment, process and zero defects. Quality means that we-instructor and studentsstrive to exceed each other’s expectations and those who use the output of our
class. Empowerment means that we-instructor and students-must take responsibility for making
the course the best that it can be. Process means that we -instructor and students-must focus on
how we can make each class, assignment, examination, and activity better than the last. Finally,
zero defects means that we-instructor and students will complete every class, assignment,
examination, and activity to the best of our ability.
Services: I am not an expert in all our of programs, but I am willing to talk to you about the
accounting program and I will find answers for you or point you in the direction of some who
can help you in other areas, whether it be other programs, counseling or financial aid.
Details of all assignments are on Wileyplus
Chapter One Action in Accounting
Chapter Two The Recording Process
EXAM 1 CHAPTERS ONE & TWO
Chapter Three Adjusting the Accounts
Chapter Four Completing the Accounting Cycle
EXAM 2 CHAPTERS THREE & FOUR
Chapter Five Merchandise Operations
Chapter Six Inventories
EXAM 3 CHAPTERS FIVE & SIX
Chapter Seven Accounting Information Systems
Chapter Eight Internal Control and Cash
EXAM 4 CHAPTERS SEVEN & EIGHT
Chapter Nine Accounts Receivable and Notes Receivable
Chapter Ten Plant Assets
FINAL EXAMINATION
All assignments and examinations are posted on wileyplus.com