Welcome to Online 101A Financial Accounting Paul R. St. John, CPA – Fullerton College Orientation for Online Summer 2013 June 13, 2013 • Started at Santa Monica College and graduated with a Bachelor of Science Business Administration degree with an option in Accounting at Cal State Long Beach • CPA licensed in California and in public accounting for over 30 years • Last 13 years teaching here at Fullerton College full time Paul R. St.John, CPA Professor St. John’s Background 2 • Advertising agency • Motion picture film production • Real estate housing developer • Mobile home manufacturers • Escrow companies • Private high school • Furniture manufacturer and retailer • Gemological Institute of America • American Gemological Society • Teleflora Paul R. St.John, CPA Audited these diverse areas … 3 Paul R. St.John, CPA staffwww.fullcoll.edu/pstjohn Faculty Website still available, but has essentially been replaced by Bb 4 5 Paul R. St.John, CPA staffwww.fullcoll.edu/pstjohn • Websites, faculty office hours, WileyPlus access through Bb ONLY • Text, Software, & Supplies • Attendance, Campus Tutoring, ADA Considerations, Academic Honesty Policy, and Computer Labs • Students have 10,000 points available from chapter, discussion, group, other activities, and final exam. Paul R. St.John, CPA Syllabus Let’s Look at the Syllabus 6 Paul R. St.John, CPA Syllabus New for Summer 2013, follow me on Twitter for news and homework hints: @FCProfStJohn 7 • In Class Practice due 11 pm Wednesdays & Sundays • Due only 3-4 days after the start of chapter • 5 attempts • Homework due 11 pm Wednesdays & Sundays • • • • • • Due 7 days after the start of the chapter See detail schedule in syllabus These deadlines are also in Bb/WileyPlus Algorithmic – everyone has different #’s 150 points possible 5 attempts per exercise or part • Chapter Test due 11 pm Wednesdays & Sundays • • • • 25 pooled multiple choice questions Questions linked to etext Two attempts and not timed 100 points per chapter Paul R. St.John, CPA 101A Bb Wiley Plus Wiley Plus through Bb 8 Paul R. St.John, CPA Syllabus Chapter ICP, Homework, Test &, Bb Discussion comprise 325 points per chapter = 4,225 pts. 9 10 Paul R. St.John, CPA Syllabus It may take up to 24 hours for your name to show up in my class after you register Paul R. St.John, CPA 101A Bb Wiley Plus Bb Login Page with Instructions 11 Home Page: My Calendar and To Do are not supported in this course, but were left in for those who might want them. Note the left menu bar: Home Page: Announcements Tasks – You manually update the status of your tasks Home Page Content / Assignments Discussions Groups Tools / email Syllabus Paul R. St.John, CPA 101A Bb Wiley Plus Bb Home Page 12 Paul R. St.John, CPA 101A Bb Wiley Plus Bb Content/Assignments Page 13 Chapters are revealed 3 to 4 days before their start date Paul R. St.John, CPA 101A Bb Wiley Plus Chapter 1 • eText Reading • Discussion Forum 25 pts. • Lecture PPT 1 of 2 • In Class Practice (ICP) 50 pts. • Lecture PPT 2 of 2 • Homework 150 pts. • Test 100 pts. • Various PowerPoints (PPT) explaining ICPs or Homework 14 The formula: Assets = Liabilities + Stockholders’ Equity On the next slide I show how the chapter PPT can help you with the ICP Paul R. St.John, CPA 101A Bb Wiley Plus ICP: BE1-9 Accounting Equation 15 Paul R. St.John, CPA 101A Bb Wiley Plus Lecture PPT open while working on In Class Practice BE1-9 16 • Select: Slide Show • Set Up Slide Show • Browsed by an individual (window) • OK Paul R. St.John, CPA 101A Bb Wiley Plus How to have Lecture PPT window open while working on In Class Practice (ICP) BE1-9 17 95% 5 % of the course will be from other published sources and my work experience. 95% of the tests will be on material covered. Go to Discussions Introduce Yourself For 25 extra credit points Paul R. St.John, CPA 101A Bb Wiley Plus Discussion Forums set up by chapter – your new question thread should have a specific subject for example “P4-1A part b” and should be in the Ch04 Discussion Forum 19 In Class Outside Class Total Time Traditional 5.5 11 16.5 Online 0 16.5 16.5 Hybrid 2.8 13.7 16.5 15+ Hours per Week 14-12 12-10 9 or less Paul R. St.John, CPA Per Week Orientation Time Commitment – 16 week 101A Financial Accounting 20 A B C D/F In Class Outside Class Total Time Traditional 5.5 11 16.5 Online 0 16.5 16.5 Hybrid 2.8 13.7 16.5 Double Time Summer - Hours per Week 30+ 28-24 24-20 19 or less Paul R. St.John, CPA Per Week Orientation Time Commitment – 8 weeks 101A Financial Accounting 21 A B C D/F US Capitol Dome - photo by St.John • Last-Minute Deal Averts Federal Shutdown • Fiscal 2011 limited to $1.049 trillion discretionary • Discretionary budget doesn’t include entitlements • Medicare • Social Security • Government Pensions • Only $39 billion cut from 2011 budget • But $79 billion cut from Obama’s request Paul R. St.John, CPA A daily feature in the traditional class… this one is from April, 2011 Current Events What’s in the News? 22 • The PowerPoint is only your outline – don’t just read • Tie to financial accounting – limit the details • Tell a story, let us know the background, and what the status is today • Photos a must • Professional business attire if given in traditional class • Site at least 3 sources • 200 points • PPT may be edited and reused by professor with byline • Online presentations should have audio attached Paul R. St. John, CPA • Select a current event topic • Prepare a 3-4 minute PowerPoint Current Event Presentation Current Event Presentation 23 Student Learning Objective • Identify, record, categorize and summarize transactions • Recognize revenues and expenses in the proper period as required by accrual basis GAAP • Prepare adjustments related to bad debts, inventory, and long-term assets • Prepare and analyze financial statements • Ensure the integrity of financial information Paul R. St.John, CPA Course SLOs in Brief 24 Let’s Recap • Follow me on Twitter • Add three examples of activities in the Group Discussion page Paul R. St.John, CPA • Get into Bb/WileyPlus even before your text Register WileyPlus in Bb only • Read the etext and get started on the ICP • Introduce Yourself • Get started on the homework & test • Go to the chapter 1 discussion forum and participate 25 Thought for the day Paul R. St.John, CPA If you can’t put in the work to get through this ride, then do the right thing and give someone else your seat. 26