Department: Business Studies
Discipline: Accounting
Subject Code: ACCT
Course #: 101
Course Title: Principles of Accounting I
HARRISBURG AREA COMMUNITY COLLEGE
FORM 335
Course Form 335 must be updated at least every five years per AP 765 to include, at
a minimum, the following elements. [§335.2]
1.
Digital Description [§335.2] (Insert new/revised digital description below):
Credit hours:
Lecture hours:
Lab hours:
4.0
4.0
0.0
Approved Online/Blended Face-to-Face Instruction Ratios:
[__] 25/75% [__] 33/67% [X] 50/50% [__] 67/33% [__] 75/25%
(Note: The first number indicates the percentage of online instruction. The second number indicates the percentage of
in-class instruction.)
2.
Maximum Enrollment (Insert new/revised maximum enrollments below):
In-Class Instruction: 25
Lab Instruction:
(It is assumed that maximum enrollments for blended courses are the same as those identified for In-Class instruction.
Maximum enrollments for Virtual Learning courses are to be 75% of In-Class instruction, as per the SGP on Maximum
Class Size)
3.
4.
Catalog Description [§335.2] (Insert new/revised description in space below):
Introduces commonly accepted accounting principles as they pertain to external
financial reports. This course addresses the accounting cycle, accounting systems,
theories and policies relative to asset valuation, liability measurement, and income
determination. Emphasis is placed on accounting for sole proprietorships and
partnerships.
Minimum Grade Required
Prerequisites [§335.2]:
Corequisites:
Other: ENGL 002, 007, or 057 with a C or higher. Or, eligibility for
enrollment into ENGL 003, 007, or 057 as identified by the College Testing &
Placement Program); and eligibility for enrollment into MATH 020 or
completion of MATH 010 with a C or higher.
5.
Learning Outcomes [§335.2]
[These outcomes are necessary to enable students to attain the essential
knowledge and skills embodied in the program’s educational objectives.]
Upon successful completion of the course the student will be able to:
12/1/04
Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09; 7/31/12; 7/30/13; 8/26/13
1
Department: Business Studies
Discipline: Accounting
Subject Code: ACCT
Course #: 101
Course Title: Principles of Accounting I
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6.
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
Explain how gains and losses differ from revenues and expenses
Compare and contrast single and multi-step income statements
Determine the amount net sales and net purchases
Calculate cost of goods sold and ending inventory using different cost flow
assumptions.
Apply lower-of-cost-or-market rule to inventory valuation
Prepare a bank reconciliation
Differentiate between forms (corporation and sole proprietorship) of
organization for business
Explain the accounting principles and reporting of the allowance method
for accounting for doubtful accounts and how it affects financial
statements
Account for notes receivable, notes payable and accrued interest
Explain how credit card sales affect the financial statements
Determine how to record the acquisition and use of long-term assets
Determine how gains and losses on the disposal of long-term assets affect
the financial statements
Show how changes in estimates and continuing expenditures for long-term
assets affect the financial statements
Illustrate the effect of warranties on the financial statements
Determine payroll taxes and demonstrate how they affect the financial
statements
Record transactions using the general journal format and show their effect
on the financial statements
Use a trial balance to prepare financial statements and interpret what they
mean
Planned Sequence of Instruction [§335.2]
[These must be designed to help students achieve the learning outcomes.]
 Accounting as the Language of Business
 Analyzing Transactions, Recording and Summarizing Journal Entries
 Adjusting Entries and Financial Statement Preparation
 Accounting for Merchandising Operations
 Inventories and Cost of Sales
12/1/04
Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09; 7/31/12; 7/30/13; 8/26/13
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Department: Business Studies
Discipline: Accounting
Subject Code: ACCT
Course #: 101
Course Title: Principles of Accounting I
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7.
Accounting Information Systems
Cash and Internal Control
Accounting for Receivables
Plant Assets, Natural Resources, and Intangible
Current Liabilities and Payroll Accounting
Assessment of Student Learning [§335.44]
[Methods of assessment should be appropriate for Learning Outcomes listed
above.]
Assessment of student learning outcomes for the course, as required by AP 765, is
part of regular curriculum maintenance and/or improvement. The specific plan
has been determined by the pertinent faculty involved and is maintained in the
College’s assessment management system.
8.
List of Texts, References, Selected Library Resources or other Learning
Materials (code each item based on instructional use) [§335.2]: CLecture/Laboratory, A-Lecture, B-Laboratory, LC-Lecture/Clinical, CLNClinical, I-Online, BL-Blended, D-Independent Study, P-Private Lessons, EInternship, F-Cooperative Work-Study, FE-Field Experience. [These resources
must be easily accessible to students.]
Wild, John J., Kermit D. Larson, & Barbara Chiapetta. Fundamental Accounting
Principles, 21st Edition, Irwin McGraw-Hill Publishing, 2013.
OR
Hoyle, Joe & C.J. Skender. Financial Accounting. 2nd edition, FlatWorld
Knowledge, 2012
9.
Prepared by Discipline Faculty Proponent: Joseph Plebani
Date: 9/18/13
10.
Approved by Department Chairperson: Michelle E. Myers
Date: 10/16/13
11.
Approved by Associate Provost: Tim Dolin
Date: 10/21/13
This course meets all reimbursement requirements of Chapter 335,
subchapters A / B.
This course was developed, approved, and offered in accordance with the
policies, standards, guidelines, and practices established by the College. It is
consistent with the college mission.
If the course described here is a transfer course, it is comparable to similar
courses generally accepted for transfer to accredited four-year colleges and
universities.
12/1/04
Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09; 7/31/12; 7/30/13; 8/26/13
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Department: Business Studies
Discipline: Accounting
Subject Code: ACCT
Course #: 101
Course Title: Principles of Accounting I
12.
Director, Curriculum Compliance & Assessment: Erika Steenland
Date: 10/21/13
13.
Provost & VP, Academic Affairs: Suzanne E. O’Hop, Ph.D.
14.
Original Date of course approval by the college: 196510
15.
Date(s) of subsequent reviews [Indicate change: Learning Outcomes; textbook(s)]:
Date: 10/22/13
4/19/10 (Type of Instruction)
2/4/11 (Updated Textbook Edition)
4/18/13 – Textbook, learning outcomes, sequence of instruction, & Assessment
9/18/13 (Prerequisite Update) and catalog description
5/18/15 – Added New Blended Format & Approved Max Enrollment - NB
12/1/04
Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09; 7/31/12; 7/30/13; 8/26/13
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