Spring 2008 COURSE SYLLABUS Great Basin College
ACC 135B EI9 Independent Study BOOKKEEPING I
Instructor: Mrs. Bea Wallace, MBA, CPA
Office: GTA 103
Office Phone: (775) 753-2334 (voice mail)
Office Hours: 10:00-11:00 MWF; 10:30-11:30 TTh; & by appointment
Time: To be arranged
E-mail: Through WebCampus
OR BeatriceW@gwmail.gbcnv.edu
COURSE MATERIALS
1) Textbook: College Accounting, by Price/Haddock/Brock, 11e, McGraw-Hill Irwin, 2007 (Required)
2) Study Guide and Working Papers, Chapters 1-13, by Price/Haddock/Brock, 11e. (Optional))
3) A hand calculator for working problems (helpful for exams). (Strongly recommended)
4) Student resources available at publisher’s website: www.mhhe.com/price11e.
COURSE CATALOG DESCRIPTION
An introduction to the basic procedures of accounting for the financial activity of a business enterprise.
Debits and credits, the accounting cycle, journals, ledgers, bank reconciliations, payroll, and the preparation
of simple financial statements.
COURSE PURPOSE & GOALS
The major purpose of Bookkeeping I is to provide the student with the ability to record simple financial
transactions and maintain a set of books for a small business. The extensive use of a set of working papers
assures that the student obtains adequate practice in performing the various functions of the bookkeeper.
COURSE PREREQUISITES
There are no prerequisites for the course, but it is understood that the student has basic skills such as
analytical reading and simple mathematical ability.
COURSE OBJECTIVES/EXPECTED LEARNER OUTCOMES
MEASUREMENT
Upon completion of the course the student will be able to:
1. Identify & describe users of financial info, accounting career
Crossword; Exam 1
opportunities, types of business entities, process to develop GAAP.
2. Use the accounting equation to record transactions in tabular & T
Homework problems 2-2A,2-4A,
account formats; prepare financial statements
3-1A, 3-4A; crossword; Exam 1
3. Record transactions in a general journal & post journal entries to
Homework problem 4-2A;
general ledger accounts; correct journal & ledger errors.
crossword; Exam 2
4. Prepare a trial balance, a worksheet, financial statements;
Homework problem 5-4A;
journalize & post adjusting entries.
crossword; Exam 2
5. Complete the accounting cycle; journalize & post closing entries;
Homework problem 6-2A;
prepare a postclosing trial balance; interpret financial statements.
crossword; Exam 2
6. Record transactions in sales & purchases journals; post to
Homework problems 7-4A, 8-4A;
customer & creditor subsidiary ledger accounts; prepare schedules of
crossword; Exam 3
accounts receivable & accounts payable.
7. Record transactions in cash receipts & cash payments journals;
Homework problems 9-4A, 9-5A;
post to appropriate accounts; prepare a bank reconciliation; account
crossword; Exam 3
for a petty cash fund; identify internal control procedures for cash.
8. Properly account for payroll transactions; prepare various records
Homework problems 10-4A, 11-1A,
& payroll reports for a business.
11-2A; crossword; Final Exam
9. Complete adjustments for inventory, accrued & prepaid expenses,
Homework problem 12-3A;
accrued & deferred income; prepare a 10-column worksheet.
crossword; Final Exam
10. Prepare classified financial statements; journalize & post
Homework problem 13-2A;
adjusting, closing, & reversing entries; prepare a postclosing trial
crossword; Final Exam
balance
In addition, this course is part of the Associate of Applied Science degree in which students’ overall progress
is measured at the program level upon entrance into the program and upon graduation.
METHODS OF INSTRUCTION
This course is provided in an independent study format. You are expected to read each chapter, complete
the chapter homework assigned (submit on WebCampus), complete the crosswords before each exam, and
take the four exams as scheduled (in the testing center). Course orientation will be given on Feb. 25 at 1:00
in GTA 103. Meetings thereafter will take place on a weekly or monthly schedule or as needed. Instructor
and student will agree on the frequency/necessity to meet to cover course material, questions, problems, or
any issues. It is anticipated that meetings will occur at least monthly.
HOMEWORK AND EXAMS
Homework must be turned in on time to receive full credit. Homework assignments may be discussed with
others, but the final product submitted should be the student’s individual work. Copying the homework
assignment of another is cheating. Using notes, textbooks, relaying or accepting information during
exams is cheating. Cheating is a serious matter and will not be tolerated. As outlined in the GBC
catalog and student handbook, penalties for cheating range from an F for the assignment or for the
course to reprimand, probation, or expulsion from the college.
Dates
Feb 25-28
ACC 135B Spring 2008 TENTATIVE COURSE SCHEDULE
Topics
Homework
Apr 21
Apr 22-26
Apr 27-May 1
May 2-6
May 7-11
Course Orientation
Chapter 1: Accounting: The Language of Business
Chapter 2: Analyzing Business Transactions
Chapter 3: Analyzing Business Transactions Using T
Accts
**EXAM 1 (Chapters 1-3)**
Chapter 4: The General Journal and the General Ledger
Chapter 5: Adjustments and the Worksheet
Chapter 6: Closing Entries & the Postclosing Trial
Balance
**EXAM 2 (Chapters 4-6)**
Chapter 7: Accounting for Sales & Accounts Receivable
Chapter 8: Accounting for Purchases & Accounts Payable
Chapter 9: Cash Receipts, Cash Payments, & Banking
Procedures
**EXAM 3 (Chapters 7-9)**
Chapter 10: Payroll Computations, Records & Payment
Chapter 11: Payroll Taxes, Deposits, & Reports
Chapter 12: Accruals, Deferrals, & Worksheets
Chapter 13: Financial Statements & Closing Procedures
May 12
FINAL EXAM (Chapters 10-13)
Feb 29-Mar 5
Mar 6-11
Mar 12
Mar 13-16
Mar 17-22
Mar 23-30
Mar 31
Apr 1-7
Apr 8-13
Apr 14-20
Due
Dates
Points
Prob 2-2A, 4A
Prob 3-1A, 4A
Crossword
Mar 6
Mar 11
Mar 12
10
10
Prob 4-2A
Prob 5-4A
Prob 6-2A
Crossword
Mar 17
Mar 23
Mar 30
Mar 31
10
10
5
Prob 7-4A
Prob 8-4A
Prob 9-4A, 5A
Crossword
Apr 8
Apr 14
Apr 21
Apr 20
5
10
15
Prob10-4A
Prob 11-1A,2A
Prob 12-3A
Prob 13-2A
Crossword
Apr 27
May 2
May 7
May 11
May 12
5
10
10
10
Although no major changes in the content of this syllabus are anticipated, instructor reserves the
right to change certain aspects of the course syllabus, such as assignments, due dates, grading
procedures, or materials to accommodate student/instructor needs. However, no changes will be
made without informing the student in a timely and clear manner.
Course Requirements:
3 Exams (100 pts each)
Homework assignments
Crossword Puzzles
Final Exam
Total points
300
100
50
100
550
Letter Grade Equivalents:
A 95-100%; A- 90-94%
B+ 87-89%; B 83-86%; B- 80-82%
C+ 77-79%; C 73-76%; C- 70-72%
D+ 67-69%; D 63-66%; D- 60-62%
F <60%
Students who successfully complete this course meet with the instructor as required and complete
all homework assignments and exams in a timely manner. Remember that the more effort you put
into this class, the more you will get out of the class in terms of knowledge as well as a course grade.