Business Administration 1A – Financial Accounting
Spring Semester 2008
Offline Section 70
Instructor:
Tony S. Robertson
Office:
Building G2, Office G
Office hours: M - Th 10:00A.M. – 11:30 A.M., and by scheduled appointment
Phone:
(661) 763-7931
E-mail:
trobertson@taft.org
Prerequisites: None
Advisory:
Eligibility for English 50 and 54/Business 50 or 52Astrongly recommended; 64 hours
lecture.
Course Description
Business Administration 1A is a foundation course in financial accounting principles. It is a
study of the basic principles of accounting, with emphasis on the accounting cycle, internal
control of sole proprietorships, corporations and partnerships, financial statements, and
accounting for assets, liabilities, expenses, revenues, and capital.
Course Objectives
By the end of this course, you should be able to:
1. Describe the nature of a business and the role of ethics and accounting in business.
2. Describe the characteristics of an account and record transactions using a chart of
accounts.
3. Describe the nature of the adjusting process.
4. Describe the flow of accounting information from the unadjusted trial balance into the
adjusted trial balance and financial statements.
5. Distinguish the activities and financial statements of service and merchandising
businesses.
6. Describe the importance of control over inventory
7. Determine the cost of inventory under the perpetual inventory system using FIFO, LIFO,
and average cost methods.
8. List basic financial statement analytical procedures.
Required Materials
Rental Text: Warren, Carl S., and Reeve, James M., Financial & Managerial Accounting. 9th
Ed. Ohio: Thomson South-Western., 2007, ISBN-13: 978-0-324-40188-2. As of the Fall Semester,
the rental fee for this text was $31.35 plus tax (please be aware that the prices are subject to change
Spring Semester). All rental agreement policies will be explained at the Taft College bookstore.
Purchase Study Guide: Warren, Carl S., and Reeve, James M., Study Guide 1-15, 9th Ed. Ohio:
Thomson South-Western., 2007, ISBN-13: 978-0-324-63808-0. The purchase price for this text is
$29.75 plus tax from the Taft College bookstore.
Grading
Your grade will be calculated on a total point system. There will be 900 points possible for the
semester, allocated in the following manner;
•
•
•
•
Homework assignments
Quizzes
Unit exams
Final Exam
250 points
200 points
300 points
150 points
Homework: Homework will be graded on a credit/no-credit basis. Homework will consist of
problems from the Study Guide that accompanies the text. Please pay careful attention to the
assignments on the syllabus as some chapters have exercise questions assigned, some have
problems assigned and some chapters have both assigned as homework. To receive full credit a
student must complete the assigned problems showing all the computational steps necessary to
solve the problem, check to see if your answer is correct and correct any errors. Each completed
assignment is worth 10 points. In addition, answer all matching, fill-in-the-blanks and T/F
sections using the answer sheet provided. Failure to meet the criteria will result in a score of no
credit. Late homework will be accepted but with a 50% penalty. Home work is due the first day
of the week succeeding the completion of a chapter (e.g. the homework from chapter 1 is due the
Monday beginning week two, 02/04/2008 and so-on). If you receive full credit there will be a
check mark at the top of the paper. Late homework or home work that originally received no
credit but is reworked to meet the aforementioned criteria will have a check mark followed by a
minus sign signifying one-half credit. There are two options for turning in completed
assignments. First, assignments can be mailed to my attention at Taft College, 29 Emmons Park
Dr., Taft, CA, 93268. If you choose this option, the postmark must be on or before the
assignment due date to receive full credit. The other option for turning in assignments is using
the LRC located in the Taft College library. If you choose the option to mail in your assignment
and would like your assignments returned, please include a self addressed stamped envelope.
Assignments will be returned within 7 days of receipt.
Quizzes: There will be a chapter quiz after most of the chapters covered during this semester.
Each quiz is worth 25 points. The quizzes are designed to take 20 – 30 minutes. Please make the
necessary arrangements needed to take the quizzes.
Exams: There will be three of four Unit Exams that will cover approximately 2 – 3 chapters of
the text. The lowest exam score will be dropped. Each Unit Exam is worth 100 points. The
format of the exams will consist of multiple-choice, true/false and computational problems. The
exams are not directly cumulative and will consist of questions from the chapters within the unit.
The exam are designed to take 90 minutes to complete, please make arrangements so that you
will have the necessary time to complete the exam once it has been started.
Final Exam: The final exam will be cumulative; thus, it will contain all chapters covered
during the semester. The final exam is worth 150 points. The exam are designed to take 90
minutes to complete, please make arrangements so that you will have the necessary time to
complete the exam once it has been started.
Course Scope and Content
Date
Homework
Assignments
Chapter 1
• All matching,
fill-in-theblank and T/F
• Exercise: 1-1
Chapter 2
• All matching,
fill-in-theblank and T/F
• Exercise: 2-1
Chapter 3
• All matching,
fill-in-theblank and T/F
• Exercises: 3-2,
3-3, 3-4
Unit 1 Exam covering
chapters 1-3
Homework assignment
due date(s)
Quizzes/Unit Exams
Ch. 1 Homework is due on
2/04/2008
Ch. 1 Quiz
Ch. 2 Homework is due on
2/11/2008
Ch. 2 Quiz
Ch. 3 Homework is due on
2/19/2008
Unit 1 Exam is due
on 2/25/2008
Chapter 4
• All matching,
fill-in-theblank and T/F
• Exercise: 4-2
Ch. 4 Homework is due on
3/03/2008
Ch. 4 Quiz
Week 6
(3/03 – 3/07)
Chapter 5
Ch. 4 Homework is due on
3/03/2008
• All matching,
fill-in-theblank and T/F a
• Exercise: 5-4
Ch. 5 Quiz
Week 7
(3/10 – 3/14)
Unit 2 Exam covering
chapters 4-5
Week 1
(1/28 – 2/01)
Week 2
(02/04 – 2/08)
Week 3
(2/11 – 2/15)
Note: 2/15 is a
holiday
Week 4
(2/18 – 2/22)
Note: 2/18 is a
holiday
Week 5
(2/25 – 2/29)
Note: Spring
Break from
3/17 – 3/21
Ch. 5 Homework is due on
3/10/2008
Unit 2 Exam is due
on 3/24/2008
Week 8
(3/24 – 3/28)
Week 9
(3/31 – 4/04)
Week 10
(4/07 – 4/11)
Week 11
(4/14 – 4/18)
Chapter 6
• All matching,
fill-in-theblank and T/F
• Problem: 6-1
Chapter 7
• All matching,
fill-in-theblank and T/F
• Problems: 7-1,
7-2
Chapter 8
• All matching,
fill-in-theblank and T/F
• Problem: 8-1
Unit 3 Exam covering
chapters 6-8
Week 12
(4/21 – 4/25)
Chapter 9
• All matching,
fill-in-theblank and T/F
• Problems: 9-1,
9-3
Week 13
(4/28 – 5/02)
Chapter 10
• All matching,
fill-in-theblank and T/F
• Problems: 101, 10-3
Chapter 11
• All matching,
fill-in-theblank and T/F
• Exercises: 111,11-2
• Problem: 11-1
Week 14
(5/05 – 5/09)
Week 15
(5/12 – 5/16)
Unit 4 Exam covering
chapters 9-11
Ch. 6 Homework is due on
3/31/2008
Ch. 6 quiz
Ch. 7 Homework is due on
4/07/2008
Ch. 7 Quiz
Unit 3 Exam is due
on 4/21/2008
Ch. 9 Quiz
Ch. 9 Homework is due on
4/28/2008
Ch. 10 Quiz
Ch. 10 Homework is due
on 5/05/2008
Ch. 11 Quiz
Unit 4 Exam is due
on 5/19/2008
Week 16
(5/19 – 5/23)
Chapter 13
• All matching,
fill-in-theblank and T/F
• Exercises:
13-1, 13-2,
13-3
Chapter 14
• All matching,
fill-in-theblank and T/F
• Exercise: 14-1,
14-2
• Problem: 14-1
The Final Exam is due by 5/28/2008
Ch. 13 & Ch. 14
Homework is due by
5/27/2008