ACC 213 (01) PRINCIPLES OF ACCOUNTING I SYLLABUS
Fall 2008
Instructor: Mr. David Gruen
Office: Business Office
Phone: Ext. 5331
Office Hours for Appointments:
Mail: PO Box 750
M-F: 3:00 - 5:00 PM
E-mail: dgruen@tfc.edu
Class Times: Sec. (01), TR, 12:30 - 1:45 PM
Class Location: Business Administration Building, BA-101
COURSE DESCRIPTION
An in-depth study of fundamental accounting concepts and principles, focusing on basic
structures of accounting and accounting systems, the accounting cycle, the preparation and
analysis of financial statements, and an introductory look at assets. 3 hours credit.
PROGRAM LEARNING OUTCOMES ADDRESSED
Students who successfully complete this program will demonstrate:
LO – 01. Gaining factual knowledge – to identify and recall key facts, terms, and methods – as
related to the accounting cycle, a simple set of financial books, and the components and format
of the basic financial statements.
LO – 03. Learning to apply course materials – to improve rational thinking, problem solving,
and decision- making – as demonstrated by preparing a Comprehensive Problem to prepare
journal entries and post amounts for a variety of financial transactions of a real company for the
purpose of preparing the basic financial statements.
LO – 10. Developing a clearer understanding of, and commitment to, personal Biblical
values – to integrate faith and practice in -- various accounting/financial responsibilities to
identify fraud, corruption, embezzlement, stealing, misrepresentation of facts, etc. and to behave
accordingly from a biblical, moral belief system.
TEXTBOOK AND SUPPLEMENTAL MATERIALS
Accounting, 22nd edition, by Warren, Reeve, & Fees, Thomson/Southwestern
Publishing, ISBN 0-324-634692 (Loose- leaf book and required ThomsonNow
software package- see description below).
ACC 213 – Principles of Accounting I, 08/01/07, Page 1
Dictionary of Business Terms, 4/ed, by Jack P. Friedman, Barron’s Educational
Series, ISBN 978-0-764-13534-7, $14.95. (Highly Recommended). (See
www.barronseduc.com/business/ for other dictionaries on business-related
subjects.
Equipment: Business calculator (TI BA II Plus, HP 10B, or HP 17 B II
recommended), 6” ruler, and access to a personal computer.
CengageNow online teaching/learning system: www.thomsonedu.com/thomsonnow. Use
Course Key: E-YD2UW72G8TWNW. (Required for Homework &
Comprehensive Problems.)
Author’s Web site for study aids: http://www.thomsonedu.com/accounting/warren.
Professor’s Web site: www.tfc.edu and click on Academics/Library/Course
Reserves/Articles & Class Notes/David Gruen/ACC213 Principles of Accounting
I/.
Supplemental Reading: Wall St. Journal; Business Week, Journal of Accountancy
COURSE REQUIREMENTS
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Attendance
Students are expected to attend and participate in class regularly and to assume responsibility for
meeting all requirements as specified in the course syllabus. Students are responsible to initial the sign-in
sheet regardless of whether or not it was passed by them. Regular class attendance, along with preparation
for and participation in class discussions, Q & As’, homework problems, case presentations, lecture
PowerPoint notes, reviews, studying, etc., will increase a student’s grade in this course. Absences are
inherently self-penalizing to learning and good grades. HINT: Treat this course like a job you worked
hard to get and want to keep. Statistics show a strong correlation between job success and personal traits
of faithfulness, dependability, punctuality, etc. Gentlemen will remove their hats once inside the
classroom.
The following bonuses are added to the student’s final grade in order to encourage
faithful attendance; the following penalties are deducted from the student’s final grade in order to
discourage excessive voluntary, personal absences:
Unexcused, Personal Absences (a)
MWF Classes
Tues & Thurs Classes
Once a Week Class
0 = +3% Bonus
0 = +3% Bonus
0 = +3% Bonus
1 = +2% Bonus
1 = +2% Bonus
1 = +1% Bonus
2 = +1% Bonus
2 = +1% Bonus
2 = -3% Penalty
3 = +0% Bonus
3 = -1% Penalty
3 = - 1 Letter Grade
4 = -1% Penalty
4 = -3% Penalty
4 = Automatic F Grade
5 = -2% Penalty
5 = - 1 Letter Grade
6 = -3% Penalty
6 = - 2 Letter Grades
7 = - 1.0 Letter Grade
7 = - 3 Letter Grades
8 = - 1.5 Letter Grades
8 = Automatic F Grade
9 = - 2.0 Letter Grades
10 = - 2.5 Letter Grades
11 = -3.0 Letter Grades
12 = Automatic F Grade
(a) SBA professors recognize the following acceptable and excusable reasons for missing class.
Absences for these reasons will not apply as unexcused, personal absences on the above scale:
ACC 213 – Principles of Accounting I, 08/01/07, Page 2
(1) Authorized college-sponsored activities, i.e., sports teams, music groups,
field trips, Admissions staff training, and official student government activities.
(2) Death or major emergencies in the family
(3) Acute (major) surgeries, illnesses or injuries
(4) Hospitalizations
(5) Events beyond the students control, excluding working, weddings-funerals of distant
relatives and friends, family reunions and trips, and similar events
NOTE: Excused absences require a written, signed statement from an authorized college
official/office, or in some cases an affidavit signed by the student. (See the professor or SBA
Administrative Assistant for a copy of the affidavit form to complete and sign.) Excused absences do not
automatically grant the student permission to hand in assignments late (See section on Late Work).
Three tardies equal one absence. A “tardy” occurs after the professor completes taking or
checking the role. A tardy student is responsible for seeing the professor after class to change the record
from absent to tardy. If the student is tardy for more than 10 minutes from the start of the class, he/she is
considered absent. Students leaving class early without the professor’s permission will be marked absent.
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•
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Late Work Penalty
All homework, problems, cases, projects, presentations, papers or other required
assignments are due at the beginning of the class due or when taken up by the professor. Late
work will be marked down per the following conditions:
(a) One whole letter grade if submitted by 5:00 pm on the day due.
(b) Two whole letter grades if submitted after 5:00 pm on the day due, but
within one week from the original due date.
(c) After one week, the assignment must still be submitted, but will not receive a
passing grade.
(d) Assignments not turned in at all will receive a zero (0) grade.
(e) No assignments will be received or graded after the last class of the semester.
(f) Excused absences do not automatically grant the student permission to
hand in assignments late. See your professor in advance of an
absence to make arrangements.
This is a text-book driven course. You are expected to read the textbooks (and any other assigned
readings), to take notes on them, and to recall and understand their themes, example s, and illustrations.
The text is your prep session for class lecture and discussion. Experience shows that reading it first helps a
student to understand the topics discussed in class. Therefore, you will please read assigned material
before the class in which it is discussed and be prepared to answer the Professor’s or textbook’s discussion
questions in class. This is necessary so that we can effectively discuss the material, with informed student
participation, and prepare for the examinations. Some students have found that understanding the lecture in
class and taking notes are much easier when they print out the publisher’s lecture PowerPoint slides and
use them in class to follow the lecture or to take notes. (These are available on the Professor’s Web site
under the TFC Library’s Course Reserves.)
Grading of Work Turned in by Students
Written work will be graded for spelling, grammar, sentence structure, punctuation,
format, content, organizational structure and proper citing of sources. For Homework and Tests,
show your calculations as to how you got your answers. The MLA Handbook or APA Style
Manual will serve as your guide for correct writing. Do not use title/cover pages, but do use the
following headings on your papers, single spaced:
ACC 213 – Principles of Accounting I, 08/01/07, Page 3
Your Name or Team Number (flush left)
Post Office Box Number
Course Number and Name
Assignment Description (Chapter & Problem/Case Number, Module Number, etc .)
Date (spelling out the month )
(Skip one line before the title.)
Title or Subject of Your Paper/Assignment/Case
(Centered in regular font & not underlined or italicized)
(Skip one line after the title.)
The first line of the body should be indented and all lines double spaced. All text
should be in a 12 point Times New Roman font.
The first-level of subheading should be typed like this per MLA with no period or colon
The second level of subheading should be type like this in italics, indented, no underline
Indent again your first sentence under the second level subheading. Sources copied or
paraphrased should be cited by embedding them at the end of the sentence and in the Works Cited page
(see separate instructions or the MLA or APA handbooks). For example: “To be or not to be—that is the
question” (Shakespeare 12). Pages should be numbered starting on page 2 by placing your last name (or
your team’s number spelled out) followed by the consecutive page number in the header (not the body),
flush right, (see example below):
(Page Break) --------------------------------------------------------------------------------------------------Smith 2
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The following “Assignment Rubric” standards apply to all assignments.
Outstanding (A)
Learner demonstrates
full knowledge of
topic and is able to
answer questions
with explanations and
elaboration.
Completes all
requirements with
excellence
Good (B)
Learner demonstrates
full knowledge of
topic and is able to
answer questions with
explanations.
Completes most
requirements with
high quality.
Average (C)
Learner is at ease
with some or most
aspects of the topic.
Completes some
requirements with
average quality.
ACC 213 – Principles of Accounting I, 08/01/07, Page 4
Needs Improvement
(D or F)
Learner does not
demonstrate an
understanding of the
topic.
Completes few or no
requirements with
poor quality.
The Grading Scale
The grading scale and attendance policies recorded in the Toccoa Falls College Catalog
will apply for this course.
C+
77-79
A+ 97-100
C
73-76
A
93-96
C70-72
A90-92
D+
67-69
B+
87-89
D
63-66
B
83-86
D60-62
B80-82
F
0-59
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Grading Criteria
Class Participation
Home Work Assignments
Research Paper
Comprehensive Problems 1 & 2
Unit Tests including the Final Exam (5)
10%
10%
10%
20%
50%
100%
o Class Participation points are earned by students’ making presentations or
presenting homework problems in class, asking questions or contributing to class
discussions; sharing meaningful information or handouts with the professor/class;
and acts of service and citizenship. Points are lost by tardies, dozing, doing
homework or other class’s assignments, or working on laptops or PDAs not
related to the subject of the class in session. (LO-1 & LO-5)
o The Research Paper will be 4-5 pages, double-spaced, typed or printed on 8 1/2
x 11” paper, stapled, on the subject of “The Scriptural Views of Business Ethics,
Money and Stewardship.” The paper may select subjects such as honesty,
fairness, greed, graft, bribery, embezzlement, credibility, character, or their
opposites. Support your points with scriptural references and contemporary
business-world examples (pro & con). If you so desire, include your opinions and
any personal illustrations. Site from 3 to 5 reference sources excluding our
textbook. See the Reference Librarian for finding and downloading articles from
e-databases or e-books to supplement hard-copy journals and newspapers
available in the library. Use the World-Wide-Web, Web sites, and Wikipedia
sparingly. Quotations and ideas of others not cited and any plagiarism will be
severely down graded. See the college’s policy on plagiarism. Choose a Style
Manual (MLA or APA) and be consistent. Use End Notes (not footnotes) and a
Bibliography or Works Cited page. See Dr. Kilpatrick’s Web site under “Tips for
Research” for a list of research sources. Your paper will be graded on
organization, content, supporting points, references, examples, graphics, sentence
structure, grammar, spelling, punctuation, and format.(LO-3 & LO-5)
ACC 213 – Principles of Accounting I, 08/01/07, Page 5
o Students will complete two long Comprehensive Problems (pages 199 and 303)
during the semester to integrate and summarize chapter concepts and test
students’ comprehension of chapter material. (LO-3)
o Unit Tests and Exams will cover the textbook, information presented in lectures
by the instructor or on his Web site, guest speakers, or business cases, videos, and
current events reported in daily newspapers, technology periodicals, business
periodicals and discussions in class, homework assignments and Comprehensive
Problems. The exams will assist you in measuring your progress in identifying
and recalling key facts, terms, and methods in finance as well as how your
rational thinking and problem- solving skills have improved. (LO-1 & LO-3)
ACADEMIC INTEGRITY
Plagiarism is defined in the MLA Handbook as the use of another’s ideas or expressions
without proper acknowledgement. Plagiarism is not limited to word- for-word copying; it
includes any false assumption of authorship, including paraphrasing lines of reasoning from a
printed source and copying or stealing from an unpublished source. Although it can be
unintentional, plagiarism is always a serious ethical and moral offense. Examples of intentional
plagiarism include, but are not limited to: receiving a paper from a public source, copying
material from a printed source, soliciting or allowing someone to submit material for you,
submitting previously written material without the consent of the faculty member, and failing to
cite source material (lack of citation, not incorrect citation), thereby failing to acknowledge the
author or authors whose ideas and work are being used. Plagiarism also includes students who
voluntarily provide to others work of their own, or plagiarized work, for others to use without
citation.
Whenever the college establishes that a student has engaged in cheating, plagiarism, or
dishonesty, disciplinary action will be taken, resulting in the assignment of an automatic failure
(“F”) for the entire course. This grade penalty shall take precedence over a course withdrawal
received in the Registrar’s office on the same day or later than the incidence of academic
dishonesty. The Academic Affairs Committee may also consider the student’s dismissal from the
college. Any modification of the above disciplinary action will be considered only if the student
files an appeal to the Academic Discipline Appeals Committee through the Vice President for
Academic Affairs’ office.
Integrity extends to all parts of the Christian’s life and character. This includes the
Christian’s academic life.
ADA POLICY
Reasonable accommodations are made for learners who have disabilities that may affect
their ability to meet the course requirements as mandated by the Americans with Disabilities Act
(ADA). Please contact the Center for Academic Success (located in the School of Business
Administration) to discuss your needs and options. It is the responsibility of the learner to
communicate any program or physical access needs as defined by the ADA to the Center for
Academic Success so that services can be provided.
ACC 213 – Principles of Accounting I, 08/01/07, Page 6
ELECTRONIC DEVICES
It is expected that the use of laptop/notebook, palm pilots, or handheld computers in the
classroom will be limited to note taking or activities directly related to class. Doing other
assignments for this or any other course during the class session is not allowed, nor is surfing the
net or any other activity possible on such devices. Cell phones should be turned off during the
class sessions. If a cell phone rings in class, it should not be answered in the classroom, but
turned off immediately. Except for extreme emergencies, students should not leave the classroom
to take a call.
CHAPTERS TO BE COVERED
Chapters 1-10 will be covered in this course. Chapters 11-17 will be covered in Principles
of Accounting II, and chapters 18-26 in Managerial Accounting. (Point: Save your textbook for
these latter two courses).
SCHEDULE AND ASSIGNEMENTS
Aug 26 T – Welcome, Introductions, Course Syllabus, and preview of
Textbook, Materials, and CengageNow Software
Aug 28 R – Read Chapter 1, pages 1-7a
Sept 02 T – Read Chapter 1, pages 7b-17b
Do EX: 1-1, 1-2, 1-3
Sept 04 R – Read Chapter 1, pages 17c-26a
Do EX: 1-6, 1-8, 1-9, 1-16, 1-17
Do in Class: Answer Self- Examination Questions & grade
your neighbor’s, p 28
Sept 9 T – Read Chapter 2, pages 48-71
Do Problem: 1-5A (a long problem)
Sept 11 R – Read Chapter 2 pages 72-82
Do EX: 2-1, 2-2, 2-3, 2-4, 2-8, 2-9
Sept 16 T – Do EX: 2-15, 2-20
Do Problem: 2-3A (a long problem)
Do in Class: Answer Self- Examination Questions & grade your
neighbor’s answers, p 82
Sept 18 R –
Start on Comprehensive Problem #1, page 199 to practice for
Test #1.
Unit Test #1 – Chapters 1 & 2
Sept 23 T – Read Chapter 3, pages 103-107b
ACC 213 – Principles of Accounting I, 08/01/07, Page 7
Sept 25 R – Read Chapter 3, pages 107c-116b
Do EX: 3-1, 3-2, 3-3, 3-6
Sept 30 T – Read Chapter 3, pages 116c-124
Do EX: 3-11, 3-13, 3-17, 3-18
Do in Class: Answer Self- Examination Questions & grade your
neighbor’s, p 125
Oct 02 R – Read Chapter 4, pages 144-159b
Do Problems: 3-1A, 3-5A
Oct 07 T –
Read Chapter 4, pages 159c-176d
Do EX: 4-1, 4-2, 4-3, 4-5, 4-10, 4-11
Oct 09 R – Comprehensive Problem #1, p. 199, due (can be turned in
earlier)
Do EX: 4-13, 4-14, 4-18, 4-20
Do in Class: EX: 4-12 and Answer Self- Examination
Questions & grade your neighbor’s, p 179
Oct 14 T – Unit Test #2, Chapters 3 & 4
Oct 16 R – Read Chapter 5, pages 203-216
Do EX: 5-1, 5-2, 5-6, 5-7, 5-10 (Do 5-11 in class)
Oct 21 T – Fall Break – No Classes today.
Oct 23 R – Read Chapter 5, pages 217-224
Introduction to QuickBooks Computerized Accounting—
bring a computer disk or thumb/flash drive to class
Do EX: 6-12 on QuickBooks Pro – Due on Oct. 30
Oct 28 T – Read Chapter 6, pages 249-265b
Do Problems: 5-1A, 5-4A
Start on Comprehensive Problem #2, p. 303 skipping
Alternate Instructions.
Oct 30 R – Read Chapter 6, pages 265c-283
Do EX: 6-1, 6-4, 6-7, 6-8, 6-9, 6-12 (Do on QuickBooksPro)
Nov 04 T - Read Chapter 7, pages 307-315a
Do Problem: 6-6A (Long problem)
Nov 06 R - Unit Test #3, Chapters 5 & 6
Nov 08 T - Read Chapter 7, pages 315b-330
Do EX: 7-1, 7-5, 7-6, 7-13
ACC 213 – Principles of Accounting I, 08/01/07, Page 8
Nov 13 R – Read Chapter 8, pages 347-359
Do Problem: 7-3A
:
Nov 18 T – Read Chapter 8, pages 360-375
Do Exercise: 8-1, 8-2, 8-3, 8-9, 8-11
Do Problem: 8-1A
Do in Class: Answer Self- Examination
Questions & grade your neighbor’s, p 374
Nov 20 R - Work on Comprehensive Problem #2 p. 303 skipping
Alternate Instructions, to prepare for Test #4.
Unit Test #4, Chapters 7 & 8
Nov 25 T - Read Chapter 9, pages 393-415
Do EX: 9-1, 9-3, 9-4, 9-8, 9-9, 9-18
Nov 27 R – Thanksgiving Holiday. No classes today.
Dec 02 T - Read Chapter 10, pages 434-447a
Do Exercise: 10-1, 10-2, 10-4, 10-7, 10-9, 10-10
Research Paper due (may be turned in earlier)
Dec 04 R – Read Chapter 10, pages 447b-463
Do Problem: 10-1A
Do in Class: Problem 10-2A
Comprehensive Problem #2 p. 303 due (may be turned in earlier)
Dec 08 (Monday) - Final Exam at 8:00 a.m., Room BA-101 (Chapters 9-10
only)
(Assignments and Tests are subject to change with advance notice.)
ACC 213 – Principles of Accounting I, 08/01/07, Page 9