PRINCIPLES OF ACCOUNTING I
ACCT 201
Fall 2015
M/T/W/Th/F
9:30-10:20
5 Credits
INSTRUCTOR
Linda Lane
Office Number –124
Office Phone Number—758-1724
Office Hours—10:30-11:20 M/T/W/TH/F
E-mail Address—linda.lane@wwcc.edu
CATALOG DESCRIPTION
Addresses the fundamentals of accounting theory and practice including: study of
the accounting cycle, use of special journals, and use of accounting in
management decisions.
TEXTBOOK
Accounting Using Excel for Success by Reeve, Warren, and Duchac, 2nd
Edition
Other Required Items: Jump drive, notebook to keep track of graded assignments,
note cards for instructions, mechanical pencil, click eraser, ruler, and access to
Microsoft Office Excel.
COURSE OBJECTIVES
1. Discuss the significance of the terms: asset, liability, capital, revenue, and
expense.
2. Prepare journal entries to reflect the economic effects of financial transactions.
3. Explain the posting process.
4. Prepare general purchase Financial Statements.
5. Describe Revenue and Expense recognition in relation to an Accounting period.
6. Demonstrate a systems perspective in analyzing business events and transactions.
CLASSROOM RULES
1. CHECK YOUR CELL PHONE AT THE DOOR.
2. No texting in class.
3. Cheating will not be tolerated and will be grounds for failing the class or
expulsion from the class.
4. Please contact Carol Bennett in Student Services if you have a learning disability
and need assistance.
METHODS OF INSTRUCTION
1. Lecture—Instructor will lecture on the key points of each chapter.
2. Demonstration—Instructor will demonstrate the key points of each chapter.
3. Class Assignments—Students will work in class on the exercises and assigned
problems. Instructor will be available to answer questions.
METHODS OF EVALUATION
1. Problems—Problems will be assigned for each chapter. These problems will be
worth thirty percent (30%) of the student’s final grade. No late work will be
accepted. I will throw out your two lowest scores on these problems.
2. Continuing Problem—Students will complete the continuing problems. These
continuing problems will be graded on a percentage basis and will be worth
twenty percent (20%) of your final grade. No late work will be accepted.
3. Simulation Projects—You will complete three simulation projects. These
projects will be graded on a percentage basis and will be worth thirty percent
(30%) of your final grade. No late work will be accepted.
4. Computerized Exercises—Students will complete computerized exercises as
assigned. These computerized exercises will be graded on a percentage basis and
will be worth ten percent (10%) of your final grade. No late work will be
accepted.
5. Final Exam—You will have a comprehensive final exam covering all the
information in the text. This exam will be worth ten percent (10%) of your final
grade. The final exam will be held on Thursday, December 10 from 2:30-4:20.
GRADING
94-100
90-93
87-89
84-86
80-83
77-79
74-76
70-73
67-69
60-67
Below 60
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A
AB+
B
BC+
C
CD+
D
F
TENTATIVE COURSE OUTLINE
9/21
Introduction
Discuss Syllabi
Read Chapter 1
9/22
Discuss Chapter 1
Complete Problem 1-1A
Complete Problem 1-2A
Complete Problem 1-1B—Graded
Complete Problem 1-2B—Graded
9/23
Complete Problem 1-3A
Complete Problem 1-3B—Graded
9/24
Complete Problem 1-4A
Complete Problem 1-5A
Complete Problem 1-4B—Graded
9/25
Complete Problem 1-6A
Complete Problem 1-6B—Graded
9/28
Begin Working on Continuing Problem
9/29
Complete Continuing Problem—Graded
Read Chapter 2
9/30
Discuss Chapter 2
Complete Problem 2-1B
Complete Problem 2-1A—Graded
10/1
Complete Problem 2-2A
Complete Problem 2-2B—Graded
10/2
Complete Problem 2-3A
Complete Problem 2-3B—Graded
10/5
Complete Problem 2-6A
Complete Problem 2-6B—Graded
10/6
Work on Continuing Problem
10/7
Complete Continuing Problem—Graded
Read Chapter 3
10/8
Discuss Chapter 3
Complete Problem 3-1A
Complete Problem 3-2A
Complete Problem 3-2B—Graded
10/9
Complete Problem 3-3A
Complete Problem 3-4A
Complete Problem 3-4B—Graded
10/12 Complete Problem 3-5A
Complete Problem 3-6A
Complete Problem 3-5B—Graded
Complete Problem 3-6B--Graded
10/13 Work on Continuing Problem
10/14 Complete Continuing Problem—Graded
Read Chapter 4
10/15 Discuss Chapter 4
Complete Problem 4-1A
Complete Problem 4-2A
Complete Problem 4-1B—Graded
10/16 Complete Problem 4-3A
Complete Problem 4-3B—Graded
10/19 Complete Problem 4-4B
Complete Problem 4-4A—Graded
10/20 Complete Problem 4-5A
Complete Problem 4-5B—Graded
10/21 Complete Problem 4-6A
Complete Problem 4-6B—Graded
10/22 Work on Continuing Problem
10/23 Complete Continuing Problem—Graded
10/26 Start Comprehensive Problem 1
10/27 Complete Comprehensive Problem 1
10/28 Start Glorious Garden Lawn Service
10/29 Work on Glorious Garden Lawn Service
10/30 Work on Glorious Garden Lawn Service
11/2
Work on Glorious Garden Lawn Service
11/3
Complete Glorious Garden Lawn Service—Graded
Read Chapter 5
11/4
Discuss Chapter 5
Complete Problem 5-1A
Complete Problem 5-2A
Complete Problem 5-2B—Graded
11/5
Complete Problem 5-3A
Complete Problem 5-4A
Complete Problem 5-4B—Graded
11/6
Complete Problem 5-5B
Complete Problem 5-5A—Graded
Read Chapter 6
11/9
Discuss Chapter 6
Complete Problem 6-1A
Complete Problem 6-2A
Complete Problem 6-2B—Graded
11/10 Complete Problem 6-3A
Complete Problem 6-4A
Complete Problem 6-4B—Graded
11/11 HOLIDAY
11/12 Complete Problem 6-5A
Complete Problem 6-6A
Complete Problem 6-5B—Graded
Complete Problem 6-6B—Graded
11/13 Start Comprehensive Problem 2
11/16 Work on Comprehensive Problem 2
11/17 Work on Comprehensive Problem 2
11/18—Advising Day—Classes Canceled
11/19 Work on Comprehensive Problem 2
11/20 Complete Comprehensive Problem 2—Graded
Read Chapter 7
11/23-27
No Classes—Thanksgiving Break
11/30 Discuss Chapter 7
Complete Problem 7-1A
Complete Problem 7-1B—Graded
12/1
Complete Problem 7-2A
Complete Problem 7-2B—Graded
12/2
Complete Problem 7-3A
Complete Problem 7-3B—Graded
12/3
Complete Problem 7-4A
Complete Problem 7-4B--Graded
12/4
Complete Problem 7-5A
Complete Problem 7-5B--Graded
12/7
Markup day
12/8
Review for Final Exam
12/11 Final Exam from 9:30-11:30