FALL 2010 COURSE SYLLABUS Great Basin College
ACC 135B BOOKKEEPING I (ER1, EK1, BV1, YV1, 1V1)
Instructor: Mrs. Star Thomson, MBA, CPA
Office:
Office Phone:
Office Hours: MTWTh by appointment
IAV Class Time: MW 2:30-3:45
Location: WCC 115 (Wmca)
E-mail: Through WebCampus (preferred)
Or StarT@gwmail.gbcnv.edu
COURSE MATERIALS
1) Textbook: College Accounting, Chapters 1-24, by Price/Haddock/Farina, 12e, McGraw-Hill Irwin, 2009
(Required) Note: Only Chapters 1-13 will be covered in this course; Chapters 14-24 are covered in ACC
136 offered in the Spring.
2) Quantum Tutors is packaged with the text if purchased from the GBC bookstore or may be purchased
separately directly from the publisher (Recommended).
3) A calculator for working problems on homework, quizzes, and exams. (Strongly recommended)
4) Student resources available at publisher’s website: www.mhhe.com/price12e.
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 electronic 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
Chapter 1 quiz; Exam 1
opportunities, types of business entities, process to develop GAAP.
2. Use the accounting equation to record transactions in tabular & T
Chapters 2 & 3 homework problems
account formats; prepare financial statements
& quizzes; Exam 1
3. Record transactions in a general journal & post journal entries to
Chapter 4 homework problems &
general ledger accounts; correct journal & ledger errors.
quiz; Exam 2
4. Prepare a trial balance, a worksheet, financial statements;
Chapter 5 homework problems &
journalize & post adjusting entries.
quiz; Exam 2
5. Complete the accounting cycle; journalize & post closing entries;
Chapter 6 homework problems &
prepare a postclosing trial balance; interpret financial statements.
quiz; Exam 2
6. Record transactions in sales & purchases journals; post to
Chapters 7 & 8 homework problems
customer & creditor subsidiary ledger accounts; prepare schedules of
& quizzes; Exam 3
accounts receivable & accounts payable.
7. Record transactions in cash receipts & cash payments journals;
Chapter 9 homework problems &
post to appropriate accounts; prepare a bank reconciliation; account
quiz; Exam 3
for a petty cash fund; identify internal control procedures for cash.
8. Properly account for payroll transactions; prepare various records
Chapters 10 & 11 homework
& payroll reports for a business.
problems & quizzes; Final Exam
9. Complete adjustments for inventory, accrued & prepaid expenses,
Chapter 12 homework problem &
accrued & deferred income; prepare a 10-column worksheet.
quiz; Final Exam
10. Prepare classified financial statements; journalize & post
Chapter 13 homework problem &
adjusting, closing, & reversing entries; prepare a postclosing trial
quiz; 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
Topics in class will be introduced by a combination of lecture, discussion, and working exercises/problems
both in class and outside class. Ideally, the student should read the chapter before it is discussed in class.
ATTENDANCE Students are expected to attend class regularly. A student who misses class is still
responsible for all lecture notes/assignments covered that period. A student who misses three or more
successive classes may be dropped from the course.
HOMEWORK AND EXAMS
Homework must be turned in on time to receive full credit. Students may discuss homework assignments,
but the final product submitted should be each student’s individual work. Copying the homework
assignment of another is cheating. Using notes, textbooks, relaying or accepting information before,
during, or after exams is cheating. Cheating is a serious matter and will not be tolerated. Disciplinary
action will be taken as outlined in the GBC catalog and student handbook.
Dates
Aug 30,
Sep 1, 8
Sep 6
Sep 13,15
Sep 20, 22
Sep 23-25
Sep 27, 29
Oct 4, 6
Oct 11,13
Oct 14-16
Oct 18, 20
Oct 25
Oct 27, Nov 1
Nov 3, 8, 10
ACC 135B FALL 2009 TENTATIVE CLASS SCHEDULE
Topics
Homework
Nov 11-13
Nov 15,17
Intro to Course
Chapter 1: Accounting: The Language of Business
**LABOR DAY HOLIDAY—NO CLASS**
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
No class meeting
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
Nov 22,24
Chapter 11: Payroll Taxes, Deposits, & Reports
Nov 26
Nov 25, 26
Nov 29,Dec 1
**Official Course Drop Deadline**
**Thanksgiving Holidays**
Chapter 12: Accruals, Deferrals, & the Worksheet
Dec 6, 8
Chapter 13: Financial Statements & Closing Procedures
Dec 11-13
FINAL EXAM (Chapters 10-13)
Points
Self-intro; quiz
Due
Dates
Sep 9
P2-3A, 4A;quiz
P3-4A, 5A; quiz
Sep 20
Sep 22
P4-1A, 2A; quiz
P5-1A, 4A; quiz
P6-3A, 4A; quiz
Oct 4
Oct 11
Oct 13
P7-4A;quiz
Oct 25
10,5
10,5
100
10,5
10,5
10,5
100
10,5
P8-4A;quiz
P9-5A, 6A; quiz
Nov 3
Nov 10
10,5
10,5
P10-2A,4A;
quiz
P11-1A,6A;
quiz
Nov 22
100
10,5
Nov 29
10,5
Prob 123A;quiz
Prob 132A;quiz
Dec 6
10,5
Dec 8
10,5
100
Although no major changes in this syllabus are anticipated, instructor reserves the right to change
assignments, due dates, grading procedures, or materials to accommodate student/instructor needs.
No changes will be made without informing students in a timely and clear manner.
Course Requirements:
3 Exams (100 pts each)
Homework assignments
Chapter quizzes
Final Exam
Total points
300
100
50
100
550
5,5
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 attend all classes, ask questions, 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.