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Harrisburg Area Community College
Business, Hospitality, and Tourism
Business
May 26, 2015 to August 13, 2015
Summer I: Online Course
Principles of Accounting I
ACCT 101-V03 CRN 4617
COURSE URL: https://hacc.desire2learn.com
COURSE SYLLABUS
WELCOME
Welcome to Principles of Accounting online!
You do not need to be a computer wizard to take this online course, but you will need to install one or more "plug-ins" on your
computer and you may need to adjust some of your Internet browser settings in order to use the accounting software. Please
purchase your materials and follow the installation guidelines as soon as possible so that you will be ready to begin the course on
May 26.
One of the most important elements for success in this course is good time management. Perhaps, you are already aware that it
can be extremely difficult to catch up once you fall behind. To guide you in your online study, a detailed calendar is provided so
you know exactly what lessons, assignments and exams you need to complete each week. Please do not hesitate to contact the
instructor for help at any time during the semester.
INSTUCTOR
Tammy B. Yost
Adjunct Faculty
918-766-4279
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tbyost@hacc.edu (email turn-a-round time two business days)
717-780-2300 ext 711101
Office Hours: Anytime by phone; virtual T, TH 6:30pm-7:30pm: 918-766-4279
If you have any questions or concerns at any point during the course, please do not
hesitate to contact myself or if it is technical issues with Blackboard, please visit the
Technical Frequently Asked Questions website. This website contains information
about numerous software products and the contact information for the HACC
HelpDesk.
COURSE DESCRIPTION
Participants will complete 13 weeks of Principles of Accounting 101; introduction to
generally accepted accounting principles as they pertain to external financial reports.
The accounting cycle, accounting systems, theories and policies relative to asset
valuation, liability measurement, and income determination are presented. Emphasis
is placed on accounting from sole proprietorships and partnerships. Minimum Grade
Required
Prerequisites: None
Digital Description:
Credit hours:
4.0
Lecture hours: 4.0
Lab hours:
0.0
Holidays: Fourth of July
STUDENT LEARNING OUTCOMES
Upon successful completion of the course the student will be able to:
1.
2.
3.
4.
5.
6.
7.
Describe the opportunities and challenges that come with a career in accounting
Explain the role of ethics in financial reporting
Describe a chart of accounts and its use in the accounting process
Record business events using the accounting equation
Use journal entries to adjust the accounts to reflect accruals and deferrals
Analyze and recommend improvements to internal control systems based on
established principles
Record and report on inventory transactions using a perpetual system
8.
Explain how gains and losses differ from rervenues and expenses
9.
Compare and contrast single and multi-step income statements
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10. Determine the amount net sales and net purchases
11. Calculate cost of goods sold and ending inventory using different cost flow
assumptions.
12. Apply lower -of-cost-or-market rule to inventory valuation
13. Prepare a bank reconciliation
14. Differentiate between forms (corporation and sole proprietorship) of organization
for business
15. Explain the accounting principles and reporting of the allowance method for
accounting for doubtful accounts and how it affects financial statements
16. Account for notes receivable, notes payable and accrued interest
17. Explain how credit card sales affect the financial statements
18. Determine how to record the acquisation and use of long-term assets
19. Determine how gains and losses on the disposal of long-term assets affect the financial statements
20. Show how changes in estimates and continuaing expenditures for long-term assets affect the financial
statements
21. Illustrate the effect of warranties on the financial statements
22. Determine payroll taxes and demonstrate how they affect the financial statements
23. Record transactions using the general journal format and show their effect on the financial statements
24. Use a trial balance to prepare financial statements and interpret what they mean
Planned Sequence of Learning Activities
• Accounting as the Language of Business
• Analyzing Tramsactions, Recording and Summarizing Journal Entries
• Accounting for Merchandising Operations
• Inventories and Cost of Sales
• Accounting Information Systems
• Cash and Internal Control
• Accounting for Receivables
• Plant Assets, Natural Resources, and Intangible
• Current Liabilities and Payroll Accounting
EXPECTATIONS
Attendance:
To fulfill the attendance requirements and to be successful in this course, you will be
expected to log into Principles of Accounting 101 at least 3-4 times a week to stay
connected with the class, complete assignments, and keep up with discussions and
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other communications.
The determination of what constitutes an excused versus an unexcused absence shall
be made by the instructor in accordance with Attendance Policy 661.
Course Communication:
The instructor will login every business day throughout the 13 week period to provide
feedback and respond to communications. If you have questions related to course
content that are not of a personal/individualized nature, please post them to the
“Questions for Instructor” discussion area on the course home page. Please do not
use email for these types of questions as the answers to these questions will be
relevant to all course participants.
Textbook: "Fundamental Accounting Principles, John J. Wild, Ken W. Shaw, and
Barbara
Chiappetta, 21st Edition, Irwin McGraw-Hill Publishing, 2013. ISBN-0078133394
Homework: Videos/Learning Modules/Quick Study/Exercises/Problems
/Chapter Exams/Tri-Term Exams
STUDENT EVALUATION
Students will be required to complete the first 12 chapters of Principles of Accounting
101. The related homework consists of video Presentations, exercises, problems and
Learning Modules located in McGraw Hill Connect. Chapter exams and Tri-Term Exams
will also be located in Mcgraw Hill Connect. All late exams are assessed a 10%
reduction per day and can be reviewed a week after due date. The tests will not need
to be proctored and can only be taken once. The six discussions can be completed at
Hacc.desire2learn under the Discussion Tab and the Bean Counter Lounge/Blog is
located at the homepage. Discussions and blog will have minimal participation from
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instructor.
The breakdown consists of:
Tri-Term 1(chapters 1-4); 150 points
Tri-Term 2(chapters 5-8); 150 points
Tri-Term 3(Cumulative with emphasis on chapters 9-12); 150 points
45% of grade
450 points possible
Chapter Quizzes (12 quizzes; 17 or 16 points each)
20% of grade
200 points possible
Discussion Board Postings (6 discussions; 25 points each)
15% of grade
150 points possible
Total Homework
10% of grade
100 points possible
Bean Counter Blog
10% of grade
100 points possible
1000 points possible
FINAL COURSE GRADES
Please note: Discussions, homework and the bean counter blog are graded on
participation and points awarded one week before the final. Chapter quizzes and tests
are graded on correctness and points awarded immediately.
Course grades will be calculated as follows:
Grading Scale
895-1000 points
A
795-894 points
B
695-794 points
C
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595-694 points
D
0-594 points
F
This is not graded on a plus/minus scale
POLICIES
Academic Dishonesty Policy:
It is Harrisburg Area Community College’s policy that any Academic Dishonesty will
incur a penalty up to expulsion from the college. Any student who cheats, plagiarizes,
lends unauthorized assistance to others, hands in a completed assignment that is not
his or her work, and falsifies one’s own work or another’s college materials will be
sanctioned. The instructor will follow HACC’s guidelines to Academic Dishonesty
Policy.
Course Drop/ Withdrawl Policy:
The instructor may reduce course grades after unexcused absences exceed 10% of the
total class hours that will take place throughout the 12 week period. Grades awarded a
“W”, “I”, or “Y”. will be granted by the responsible party. The instructor will follow
HACC’s guideline to Course Drop/Withdrawl policy.
Make-Up Work/Late Assignments:
Make-Up work and late assignments are allowed only with prior consent from the
instructor.
Extra-Credit:
There is no extra credit in this course.
Syllabus Changes:
Instructor has the right to change syllabus.
EEOC/PHRC Syllabus RequirementEEOC POLICY 005:
It is the policy of Harrisburg Area Community College, in full accordance with the law, not to
discriminate in employment, student admissions, and student services on the basis of race, color,
religion, age, political affiliation or belief, gender, national origin, ancestry, disability, place of birth,
General Education Development Certification (GED), marital status, sexual orientation, gender identity
or expression, veteran status, genetic history/information, or any legally protected classification. HACC
recognizes its responsibility to promote the principles of equal opportunity for employment, student
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admissions, and student services taking active steps to recruit minorities and women.
The Pennsylvania Human Relations Act (“PHRAct’) prohibits discrimination against prospective and
current students because of race, color, sex, religious creed, ancestry, national origin, handicap or
disability, record of a handicap or disability, perceived handicap or disability, relationship or association
with an individual with a handicap or disability, use of a guide or support animal, and/or handling or
training of support or guide animals.
The Pennsylvania Fair Educational Opportunities Act (“PFEOAct”) prohibits discrimination against
prospective and current students because of race, religion, color, ancestry, national origin, sex,
handicap or disability, record of a handicap or disability, perceived handicap or disability, and a
relationship or association with an individual with a handicap or disability.
Information about these laws may be obtained by visiting the Pennsylvania Human Relations
Commission website at www.phrc.state.pa.us.
If an accommodation is needed, please contact:
Virtual Campus 2.0
Deborah Bybee
Coordinator, Disability Services
104 F
735 Cumberland Street
Lebanon, PA 17042
Phone: 717-270-6333
dabybee@hacc.edu
COURSE CALENDAR
Note: Learning Outcomes refer to pages 2 and 3
Week of 5/26-6/1
Chapter: 1
Topic:
Accounting in Business: (Learning Outcome 1-4,9,23)
Assignments:
1. Read Chapter 1 and Appendix 1A and 1B
2. Complete HW online: Interactive Presentations, Learn Smart, Exercises, and
Problems
3. Introductions: Take time to introduce yourselves in the discussion area
Week of 6/2-6/8
Chapter: 1 continued
Topic:
Accounting in Business: (Learning Outcome 1-4,9,23)
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Assignments:
1. Homework: Complete Selfstudy: Practice and self quiz
2. Chapter 1 exam
Chapter: 2
Topic: Analyzing and Recording Transactions: (Learning Outcomes 3,4,9,23,24)
3. Read Chapter 2
4. Homework: Complete
5. Complete HW online: Exercises, Problems, and Learn Smart Module Chapter 2
6. Discussion 1: Complete Beyond the Numbers
3. Chapter 2 exam
Week of 6/9-6/15
Chapter: 3
Topic: Adjusting Accounts and Preparing Financial Statements ( Learning Outcomes
4-5,9,22,23,24)
Assignments:
1. Read Chapter 3 and Appendix 3A
1. Complete HW online: Interactive Presentations, Exercises, Problems and Learn
Smart Module
2. Chapter 3 Exam
Chapter: 4
Topic: Completing the Accounting Cycle (Learning Outcomes 4-5,9,23,24)
Assignments:
1. Read Chapter 4 and Appendix 4A
2. Complete HW online: Interactive Presentations,Exercises, Problems and Learn
Smart Module
3. Chapter 4 Exam
4. Discussion 2
Week of 6/18-6/22
TRI_TERM Exam 1 covering chapters 1-4
Week of 6/23-6/29
Chapter: 5
Topic: Accounting for Merchandising Operations (Learning Outcomes
4-7,9,10,22,23,24)
Assignments:
1. Read Chapter 5 and Appendix 5A and 5B
2. Complete HW online: Interactive Presentations, Exercises, Problems and Learn
Smart Module
3. Chapter 5 Exam
4. Discussion 3
Week of 6/30-7/7
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(Learning Outcomes 4-7,9-12,23,24)
Topic: Inventories and Cost of Sales
Assignments:
1. Read Chapter 6 and Appendix 6A and 6B
2. Complete HW online: Interactive Presentations, Exercises, Problems and Learn
Smart Module
3. Chapter 6 Exam
Chapter: 7
Topic: Accounting Information Systems ( Learning Outcomes 4,6,23,24)
Assignments:
1. Read Chapter 7
2. Complete HW online: Interactive Presentations, Exercises, Problems and Learn
Smart Module
3. Chapter 7 Exam
4. Discussion 4
Week of 7/8-7/14
Chapter: 8
Topic: Cash and Internal Control ( Learning Outcomes 4,5,13)
Assignments:
1. Read Chapter 8 and Appendix 8A and 8B
2. Complete HW online: Learn Smart Module, Exercises, and Problems
3. Chapter 8 Exam
Week of 7/15-7/21
Review for TRI-Term Exam 2
TRI-Term Exam 2 covering chapters 5-8
Week of 7/22-7/28
Chapter: 9
Topic: Accounting for Receivables ( Learning Outcomes 4,15-17)
Assignments:
1. Read Chapter 9
2. Complete HW online: Learn Smart Module, Exercises, and Problems
3. Chapter 9 Exam
4. Discussion 5
Chapter 10
Topic: Plant Assets, Natural Resources and Intangibles ( Learning Outcomes
4,18-20,23 )
Assignments:
1. Read Chapter 10 and Appendix 10A
2. Complete HW online: Learn Smart Module, Exercises, and Problems
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3. Chapter 10 Exam
Week of 7/29-8/4
Chapter: 11
Topic: Current Liabilities and Payroll Accounting ( Learning Outcomes 4-6,14,21-23)
Assignments:
1. Read Chapter 11 and Appendix 11A and 11B
2. Complete HW online: Learn Smart Module, Exercises, and Problems
3. Chapter 11 Exam
4. Discussion 6
Chapter: 12
Topic: Accounting for Partnerships ( Learning Outcomes 4-6,14,23)
Assignments:
1. Read Chapter 12
2. Complete HW online: Learn Smart Module, Exercises, and Problems
3. Chapter 12 Exam
Week of 8/5-8/13
Final: Cumulative emphasis on chapters 9-12
GOOD LUCK and ENJOY THE COURSE!
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