HAWAII CAMPUS
SCHOOL OF BUSINESS
SYLLABUS
1. Wayland Mission Statement: Wayland Baptist University exists to educate students in an academically
challenging, learning-focused, and distinctively Christian environment for professional success, and service to
God and humankind.
2. ACCT 2305, HI01, Principles of Accounting I
3. Term: Summer, 2016
4. Name of Instructor: Ernesto Balbas, MAcc
5. Office Phone Number and WBU Email Address: 808-256-5765, ernesto.balbas@wayland.wbu.edu
6. Office Hours, Building, and Location: Available at the Mililani Campus immediately before and after
scheduled class sessions.
7. Class Meeting Time and Location: Monday, 5:30 to 9:30 PM, Mililani Campus, Room TBD.
8. Catalog Description: Fundamental principles of accounting applied to individual proprietorship; journals,
ledgers, working papers, adjusting and closing entries, financial statements, deferrals, accruals, plant and
intangible assets, and accounting systems.
Credit not awarded toward degree for both ACCT 2305 and ACCT 3307.
9. Prerequisites: Corequisite: MATH 1304 or consent of School.
10. Required Textbook(s) and/or Resource Material:
BOOK
AUTHOR
ED YEAR PUBLISHER
Accounting &
Warren, Reeve, &
26th 2014
CengageNow Access Code Duchac
Cengage
Learning
ISBN#
UPDATED
978-1-305-61706-3 01/06/2016
11. Optional Materials: Additional study materials can be found on cengagebrain.com.
12. Course Outcome Competencies:
 Describe the nature of business, the role of accounting therein and importance thereof.
 List the rules of debit and credit.
 Analyze and summarize financial statements.
 Explain what is meant by the fiscal year and the natural business year.
 Prepare financial statements from a worksheet:
 Balance Sheet
 Income Statement
 Statement of Owner’s Equity
 Statement of Cash Flows
 Define an accounting system and describe its implementation.
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Journalize and post transactions in an accounting system.
Prepare a chart of accounts for a business.
Summarize basic procedures for achieving internal control.
Prepare a bank reconciliation.
Contrast the accrual and cash basis methods of accounting.
Understand the classifications for receivables and how to journalize any and all transactions related
thereto.
Compute the cost of inventory using various costing methods.
Discuss ethical consequences of decisions in accounting and business.
Compute the cost of tangible and intangible assets.
Understand various depreciation/amortization methods and their impact on the financial statement.
Define current liabilities and understand the recording of current liabilities.
13. Attendance Requirements: I fully expect students to attend all scheduled classes, to arrive on time, and to
remain until the end of each class. It is ultimately the responsibility of the student to obtain any notes and
handouts from the missed class session from his/her classmates or the instructor.
All Wayland students are expected to attend every class meeting; the minimum percentage of class
participation required to avoid receiving a grade of “F” in the class is 75%. Students who miss the first
two class meetings without providing a written explanation to the instructor will be automatically
dropped from the roster as a “no-show.” Students who know in advance that they will be absent the first
two class meetings and who wish to remain in the class must inform the instructor in order to discuss
possible arrangements for making up absences.
14. Disability Statement: In compliance with the Americans with Disabilities Act of 1990 (ADA), it is the
policy of Wayland Baptist University that no otherwise qualified person with a disability be excluded from
participation in, be denied the benefits of, or be subject to discrimination under any educational program or
activity in the university. The Coordinator of Counseling Services serves as the coordinator of students with a
disability and should be contacted concerning accommodation requests at (806) 291- 3765. Documentation of a
disability must accompany any request for accommodations.” (This statement is required on all university
syllabi.)
15. Course Requirements and Grading Criteria:
Exams (Midterm and Final)
Quizzes
Homework
Participation
60%
20%
10%
10%
Students shall have protection through orderly procedures against prejudices or capricious academic
evaluation. A student who believes that he or she has not been held to realistic academic standards,
just evaluation procedures, or appropriate grading, may appeal the final grade given in the course by
using the student grade appeal process described in the Academic Catalog. Appeals may not be
made for advanced placement examinations or course bypass examinations. Appeals are limited to
the final course grade, which may be upheld, raised, or lowered at any stage of the appeal process. Any
recommendation to lower a course grade must be submitted through the Executive Vice
President/Provost to the Faculty Assembly Grade Appeals Committee for review and approval. The
Faculty Assembly Grade Appeals Committee may instruct that the course grade be upheld, raised, or
lowered to a more proper evaluation. Statement on Plagiarism and Academic Dishonesty: Wayland
Baptist University observes a zero tolerance policy regarding academic dishonesty. Per university
policy as described in the academic catalog, all cases of academic dishonesty will be reported and
second offenses will result in suspension from the university.
16. Tentative Schedule (Calendar, Topics, and Assignments):
May 23: Discuss Chapters 1 and 2
May 30: Chapters 1 and 2 Homework due; Quiz on Chapters 1 and 2; Discuss Chapter 3
June 6: Chapter 3 Homework due; Quiz on Chapter 3; Discuss Chapters 4 and 5
June 13: Chapter 4 and 5 Homework due; Quiz on Chapters 4 and 5; Review Chapters 1-5
June 20: Midterm
June 27: Discuss Chapters 6 and 7
July 4: *No class – Via Blackboard: Submit Chapter 6 and 7 Homework; Review Chapter 8, Quiz on
Chapters 6 and 7
July 11: Chapter 8 Homework due; Quiz on Chapter 8; Discuss Chapters 9 and 10
July 18: Chapters 9 and 10 Homework due; Quiz on Chapters 9 and 10; Discuss Chapter 11
July 25: Chapter 11 Homework due; Quiz on Chapters 11; Review Chapters 6-11
August 1: Final Exam
Homework Exercises (EX) and Problems (PR)
Chapter 1: EX 1-1, 1-4, 1-6, 1-8, 1-10, 1-12, 1-16; PR 1-1A
Chapter 2: EX 2-1, 2-4, 2-6, 2-7, 2-9; PR 2-3A
Chapter 3: EX 3-1, 3-3, 3-6, 3-8, 3-10, 3-14; PR 3-1A, 3-2A
Chapter 4: EX 4-1, 4-2, 4-5, 4-6, 4-12, 4-14, 4-18; PR 4-1A
Chapter 5: EX 5-3, 5-4, 5-6, 5-7, 5-10; PR 5-1A
Chapter 6: EX 6-1, 6-3, 6-6, 6-7; PR 6-1A, 6-2A
Chapter 7: EX 7-3, 7-4, 7-7; PR 7-1A, 7-2A
Chapter 8: EX 8-1, 8-6, 8-12, 8-16; PR 8-2A, 8-3A
Chapter 9: EX 9-3, 9-4, 9-7, 9-19, 9-24; PR 9-1A, 9-5A
Chapter 10: EX 10-4, 10-6, 10-8, 10-9, 10-11, 10-13; PR 10-2A
Chapter 11: EX 11-2, 11-5, 11-5, 11-7; PR 11-1A