WAYLAND BAPTIST UNIVERSITY
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: Spring 2015
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 immediately before and after class, Mililani Campus
7. Class Meeting Time and Location: Monday 5:30-9:30 p.m., Mililani Campus
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
Accounting & CengageNow
Access Code
Warren, Reeve,
& Duchac
25th
YEAR PUBLISHER
2014
Cengage Learning
ISBN#
UPDATED
1285584279
10/14/13
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 a 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.
 Journalize and post transactions in an accounting system.
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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. Missing 25% or
more of scheduled classes will result in a failing grade.
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) 2913765. 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
50%
20%
20%
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):
Feb. 23: Discuss Chapters 1 and 2
Mar. 2: Chapters 1 and 2 Homework due; Quiz on Chapters 1 and 2; Discuss Chapters 3 and 4
Mar. 9: Chapters 3 and 4 Homework due; Quiz on Chapters 3 and 4; Discuss Chapter 5
Mar. 16: Spring Break
Mar. 23: Chapter 5 Homework due; Quiz on Chapter 5; Review Chapters 1-5
Mar. 30: Midterm on Chapters 1-5
Apr. 6: Discuss Chapter 6
Apr. 13: Chapter 6 Homework due; Quiz on Chapter 6; Discuss Chapters 7 and 8
Apr. 20: Chapters 7 and 8 Homework due; Quiz on Chapters 7 and 8; Discuss Chapters 9 and 10
Apr. 27: Chapters 9 and 10 Homework due; Quiz on Chapters 9 and 10; Discuss Chapter 11
May 4: Chapter 11 Homework due; Quiz on Chapter 11; Review Chapters 6-11
May 11: Final Exam
Homework Exercises (EX) and Problems (PR)
Chapter 1: EX 1-4, 1-6, 1-8, 1-10, 1-12; PR 1-1A
Chapter 2: EX 2-1, 2-4, 2-6, 2-7, 2-9, 2-21; PR 2-1A, 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, 4-8, 4-12, 4-14, 4-18; PR 4-1A, 4-5A
Chapter 5: EX 5-3, 5-4, 2-1, 2-4, 2-6, 2-7, 2-9, 2-21; PR 2-1A, 2-3A
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