Accounting 101
Winter 2015
1201 ACCT PRACTICAL ACCOUNTING 1
Winter 2015
M-TH 11:30- 12:20 PM
5 credits
Building16-309
Instructor
Annalee Rothenberg
Office location: Bldg 16-223
Office hours: Mon-Thurs 10:30 a.m. -11:30 a.m.
Contact
Information
(253) 566-5181
arothenberg@tacomacc.edu
Course
Description
Introduces students to basic accounting concepts and procedures, emphasizing sole
proprietors. Topics include analysis of business transactions and completion of the
accounting cycle, including preparation of financial statements. Students will be
introduced to computers.
PREREQUISITE(S):
 MATH 085 with a minimum grade of C or better or placement at MATH 090
RECOMMENDED PREPARATION
 ENGL/ 095 and
 CU 103 concurrent or prior enrollment or
 CU 105 concurrent or prior enrollment
Welcome to Accounting 101
This course is an exploration of the language of business, accounting. Together we
will investigate the inner workings of the field of accounting and in the process, fine
tune critical thinking skills to enhance deeper understanding. A variety of
instructional methods will be used throughout the course to engage all types of
learners and learning styles including: lecture, hands-on activities, group work, and
computer assisted learning. Additionally, this class is combined with another Acct
101 class to provide additional teaching and individual support.
We pledge to do everything in our power to make this class interesting, relevant,
and empowering for you. To this end, we ask for your equal commitment to work
hard and be open to learning.
Rothenberg – Winter 2015
Accounting 101
1
Upon successful completion of the degree, the student will be able to:
Program
Learning
Outcomes
& Degree
Learning
Outcomes
1. Core of Knowledge (COK) Demonstrate a basic knowledge of each of the
distribution areas (Written Communication, Humanities, Quantitative Skills, Natural
Sciences and Social Sciences; or, as applicable, specific professional/technical
programs), integrate knowledge across disciplines, and apply this knowledge to
academic, occupational, civic and personal endeavors.
2. Communication (COM) Listen, speak, read, and write effectively and use nonverbal
and technological means to make connections between self and others.
3. Critical Thinking and Problem Solving (CRT) Compare, analyze, and evaluate
information and ideas, and use sound thinking skills to solve problems.
4. Information and Information Technology (IIT) Locate, evaluate, retrieve, and
ethically use relevant and current information of appropriate authority for both
academic and personal applications.
5. Living and Working Cooperatively / Respecting Differences (LWC) Respectfully
acknowledge diverse points of view, and draw upon the knowledge and experience
of others to collaborate in a multicultural and complex world.
6. Responsibility & Ethics (RES) Demonstrate and understanding of what constitutes
responsible and ethical behavior toward individuals, the community, and the
environment.
Upon successful completion of the program, the student will be able to:
1. Generate accurate financial statements for a company and communicate a
company's financial position (COK, COM, CRT).
2. Simulate an accounting department (group process) to prepare accounting
documents using automated software to record business transactions for an entity
or tax agency, and integrate current regulations (COK, IIT, LWC).
3. Demonstrate analysis of existing documentation to verify the accuracy of
information for an entity and perform necessary reconciliations (COK, CRT, IIT, RES).
Upon successful completion of the course, the student will be able to:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Outline the steps in the accounting cycle.
Explain how accounting relates to business and its information needs.
Define and apply basic accounting terminology.
Illustrate the effects of transactions on the accounting equation.
Analyze & interpret source documents to formulate journal entries that record
business.
Post entries and maintain a ledger of accounts.
Prepare a 10-column worksheet and reconcile any differences.
Prepare a balance sheet and income statement. PLO: 1
Explain the effects of accrual accounting on the financial statements and the need
for adjusting entries. PLO: 3
10. Generate and post-closing entries.
11. Prepare a bank reconciliation, analyze reconciling items, agree to the G/L and
review G/L accounts after posting corrections. PLO: 3
Rothenberg – Winter 2015
Accounting 101
2
YOUR STEPS TO SUCCESS
To properly learn the discipline of accounting takes a combination of preparation and practice.
PREPARE – before class
a. Read and the assigned chapter.
b. Complete LearnSmart
c. Take notes on reading.
d. Make a list of new terms.
e. Write down any questions for class.
BE PRESENT – physical and mentally
a. Attend class.
b. Stay focused on class (not homework or other outside distractions)
c. Bring chapter notes & questions to class.
d. Participate in class & group discussions.
e. Ask questions.
PRACTICE – touch the material often
f. Complete LearnSmart and all the assigned homework.
g. Use available resources at the BEC or WTC (Writing & Tutoring Center)
REVIEW – touch the material again
h. Review for the test the night before review day.
i. Review the material again after the class review.
Student Resources
BUSINESS EDUCATION CENTER (BEC) .................................... (253) 460-4411
WRITING & TUTORING CENTER (WTC) .................................. (253) 566-6032
MATH LAB ............................................................................. (253) 566-5142
CAREER CENTER .................................................................... (253) 566-5027
COUNSELING CENTER ........................................................... (253) 566-5122
JOB ASSISTANCE CENTER ...................................................... (253) 566-5191
EMPLOYMENT SECURITY SERVICES ...................................... (253) 566-5146
CHILDREN’S CENTER .............................................................. (253) 566-5180
Textbooks &
Supplemental
Materials
Required Textbook: COLLEGE ACCOUNTING, A Contemporary Approach by Haddock, Price,
Farina 3rd edition
Required software: CONNECT PLUS by McGraw-Hill Irwin (registration code comes with the
textbook or can be purchased separately)
Calculator (printing calculators are best)
Ruler (straight-edge) USB Drive,
Binder (for in-class company forms)
One binder per project team
Supplies
Technology
This course requires internet access and the use of a computer. Computers for your use are
available in the Info Commons (Bldg 16) along with receive software assistance.
Rothenberg – Winter 2015
Accounting 101
3
Avoid problems = use FIREFOX BROWSER!!!!
Canvas
CANVAS is an online classroom management program through which is where I will post your
grades weekly. Additionally Canvas contains vital information (syllabus, schedule, assignments,
and supplementary materials) and allows you to contact your classmates and/or instructor.
PLEASE COMPLETE THE ZERO WEEK TUTORIAL IN CANVAS
You will use CONNECT PLUS to complete LEARN SMART and submit your homework and take
tests.
CONNECT
McGraw-Hill’s CONNECT is a web-based assignment and assessment
software. It is required supplement for this course.
Getting started with CONNECT PLUS
1. Open website shown below
http://connect.mheducation.com/class/a-rothenberg-annalee-rothenberg-winter-2015
2. Click REGISTER NOW
3. Enter your email address (personal or TCC) and click SUBMIT
4. Enter your registration code*.
*If you purchased a new textbook at the TCC bookstore, registration code is included. If you
obtain your textbook elsewhere, you will able to purchase a registration code from within the
CONNECT program.
Note: You can register in CONNECT PLUS and have full access to our class materials before
purchasing your textbook. To do this follow the first 3 steps above and in Step 4, click START FREE
TRIAL. The Free Trial lasts only 14 days. When you obtain your textbook, enter your registration
code and all your work is transferred.
If you purchase CONNECT online, you will have the option of purchasing ConnectPlus, which
includes an interactive eBook to supplement the required textbook for this course.
Support
“Student
Quick Tips”
guide is
available in
Canvas
under the
Resource tab
CONNECT PLUS Support & Tips: If you have any issues while registering or using CONNECT, the
McGraw-Hill CARE team is available to help (see below)
BE WISE - Avoid unexpected technical issues by completing assignments early.
Rothenberg – Winter 2015
Visit: http://mpss.mhhe.com/
Call: (800) 331-5094
Visit Troubleshooting and Customer Service links on the bottom of every page in
Connect for immediate help.
Accounting 101
4
Class Format
Assignments
This class brings together traditional and hybrid-online students into one learning
environment for the purpose of giving students the greatest flexibility with learning and
time. Class lectures will be presented by your instructors, Sylvia Summers, and hybridonline instructor Annalee Rothenberg. Students from both classes will work together in
class and may even chose to team together.
READ – To be properly prepared to engage in discussions, it is necessary for you
to read the assigned chapter before coming to class. Read the assigned chapter
before class on Mondays.
COMPLETE LEARNSMART study module including the quiz: This is due before
coming to class on Monday.
PARTICIPATE – While not graded, your participation is necessary to be
successful. It is through discussing accounting principal that a solid
understanding is gained.
TAKE NOTES –for your personal use and are not turned in.
OPTIONAL LEARNING ACTIVITIES –Various learning exercises are
available in Canvas to provide you with a deeper understanding of the
material. Please enjoy them. They just for your use and not graded.
COMPLETE HOMEWORK – To understand how accounting works, it takes more than just
reading about it. The more you “touch” accounting, the easier it will
become to understand. You will complete your homework using the
CONNECT program. Weekly homework is due on Thursdays by 11:55 p.m.
Late work is not accepted.
SAVE - If you want to do more work later, click SAVE.
SUBMIT - If you are finished, click SUBMIT.
TAKE EXAMS – Tests are not intended to “get you.” Rather they are helpful a
way of measuring your understanding. Because accounting builds on itself,
you need to know you have a solid understanding of the current concept
before moving on to the next concept.
Exams may be taken early but they may not be taken late
Unfortunately, there are no makeup exams
Hybrid Exams (Annalee’s) students will take their tests online by Friday 11:55 PM.
Traditional Exams (Sylvia’s) students will take their exams in class on Fridays.
Rothenberg – Winter 2015
Accounting 101
5
GROUP PROJECT - COMPLETE MINI-PRACTICE SET Set 1: Service Business Accounting
Cycle located in the textbook between Chapters 6 and 7. This project typically takes 8-10
hours to complete.
Each 3 to 4 person group is responsible for creating and maintaining ONE Team Project
Binder. Please note you will need to use a basic Excel spreadsheet to complete this
project. This project will be mostly completed outside of class.
WHAT WE LOOK FOR: Missing pieces and unconnected numbers.
FINAL= A JOB SHADOW – Job shadowing provides an opportunity for you to go to get a
“real-life” look into the field of accounting. Additional information regarding this
assignment can be found Canvas starting Week 4. This assignment is your final for this
class. It is due in Week 11.
Evaluation
Criteria &
Grading
Standards
The table below shows how points are assigned to each graded element of the class.
Quantity
9
9
1
1
1
1
5
1
1
Assignment
LearnSmart – Chapters 2-10
Chapter Homework
Group Project (Practice Set)
Exam-1
Exam-2
Exam-3
Exams (4, 5, 7-10)
Midterm
Final = Job Shadow
Total points = 1815
Total
points
Points
20
50
100
50
60
75
100
200
100
=
=
=
=
=
=
=
=
=
180
450
100
50
60
75
600
200
100
1,815
Grades are calculated based on how many of the 1,815 points available have been earned
by the completion of the course. (see the Extra Credit section regarding earning
additional points)
Letter grades are assigned based the percentage of the total points earned. The table
below shows the grade assigned to each range of percentages.
For example if a student earns 1,650, their grade would be calculated
as follows: 1,650  1,815 = .91 = 91% = A-
95-100% = A
90-94.9 % = A-
Rothenberg – Winter 2015
87-89.9% = B+
84-86.9% = B
80-83.9% = B-
Accounting 101
77-79.9% = C+
74-76.9% = C
70-73.9% = C-
67-69.9% = D+
64-66.9% = D
64-below = E
6
Extra Credit
We want you to be successful! If you find you are not able to grasp one or more of the
concepts being presented in this class, don’t panic. This is NOT a reflection upon your
intelligence, but rather an indication more support or time is needed. Accounting is a skill
and like any other skill, it comes easy to some and more difficult to others. With the right
help you and anyone else can master accounting skills. We believe this so strongly that
we award extra credit points to those who seek out the help of the excellent tutors in the
BEC or WTC (Writing and Tutoring Center.)
For each hour you spend in a tutoring center (BEC or WTC), you will earn one extra credit
point. There is no limit to the number of extra credit points you can earn. These points
will be recorded based on your Tutor Trak attendance – be sure to sign in each time you
visit one of the TCC tutoring centers.
Instructor support is available
MW 12:20-1:00 & TTh 10:40–11:20
Policies
Academic
Dishonesty
&
Student
Conduct
Withdrawal Policy: The College provides for withdrawal without the signature of the
instructor up until 10th calendar day. While faculty permission is not required, a
completed add/drop form must be submitted to Registration and Records to complete
drops from the 11th instructional day through the 55th calendar day of the quarter”
Before considering taking a “W” grade, please discuss other possible options with me. If
you are on financial aid, it is also strongly advised that you talk with the Financial Aid
Office before making any changes in the number of credits in which you are enrolled.
TCC Students are expected to be honest and forthright in their academic endeavors.
Academic dishonesty is inconsistent with the values and mission of Tacoma Community
College. Cheating, plagiarism, and other forms of academic dishonesty are violations of
the Code of Student Conduct. Sanctions for acts of academic dishonesty committed in this
course are as follows: As stated in the TCC Catalog, ‘Students are expected to be honest
and forthright in their academic endeavors. Cheating, plagiarism, fabrication or other
forms of academic dishonesty corrupt the learning process and threaten the educational
environment for all students.(pg. 33) In this course, sanctions for academic dishonesty will
be as follows:
If a student in this class is caught cheating on an exam, test, assignment, or project, that
student will receive a 0 for that assignment. If the student cheats a second time he/she
will receive an E for the course.
Admission to Tacoma Community College carries with it the expectation that the student
will conduct himself/herself as a responsible member of the academic community and
observe the principles of mutual respect, personal and academic integrity and civility. The
Code of Student Conduct establishes rules governing academic and social conduct of
students, including due process rights. Violations of the Code may result in dismissal from
class for the day and/or referral to the Student Conduct Administrator for sanctions.
Accommodations
Students with Disabilities: If you need auxiliary aids or services due to a disability, please
contact the Access Services office in Building 7 (253-566-5328). Accommodations are not
retroactive; please act promptly to make sure your letter of accommodation is in place.
Rothenberg – Winter 2015
Accounting 101
7
Students with Special Needs: All students are responsible for all requirements of the class,
but the way they meet these requirements may vary. If you need specific auxiliary aids or
services due to a disability, please contact the Access Services office in Building 7 (253566-5328). They will require you to present formal, written documentation of your
disability from an appropriate professional. When this step has been completed,
arrangements will be made for you to receive reasonable auxiliary aids or services. The
disability accommodation documentation prepared by Access Services must be given to
me before the accommodation is needed so that appropriate arrangements can be made.
Classroom
Policies
Assignments, quizzes, & exams are due
on the day indicated in the calendar
Late submissions, make-up tests and
incomplete grades (“I”) are not available.
Etiquette
for
Classroom
Dispute
Resolution
If you have questions or concerns about this class or me, please come to talk with me
first. If we are unable to resolve your concerns, you may talk next with the Dean Krista
Fox, at 253-566-5147 or kkfox@tacomacc.edu. The Dean can assist with information
about additional steps, if needed.
Students who believe they have received a final course grade that has been awarded
improperly or in an arbitrary or capricious manner may grieve or appeal the grade. Details
of the process are located on the TCC Portal at :
https://my.tacomacc.edu/uPortal/p/StudentForms.ctf9/max/render.uP?pCm=view&pP_N
SHistoryParam=21426%2C21435%2C21435%2C26224&pP_struts.portlet.action=%2Fview
%2Findex&pP_ticket=ST-215398-bcm1AKn0zYfxmqTwgrVm-portalsvr2.tccnet.edu
Caveats
Inclement
Weather
This syllabus and schedule are subject to change in the event of extenuating
circumstances. If you are absent from class, it is your responsibility to check for
announcements made while you were absent. This syllabus and schedule are subject to
change in the event of extenuating circumstances. If you are absent from class, it is your
responsibility to check for announcements made while you were absent. If you are absent
from class, it is your responsibility to check with your teammates on announcements
made while you were absent.
If you are unsure if classes are being held due to inclement weather, please call the
campus operator (253) 566-5000, or go to www.tacomacc.com and click on Weather
Closure Information. If the College is closed for any reason, no classes will be held.
Rothenberg – Winter 2015
Accounting 101
8
THE BOTTOM LINE
College is the beginning of wisdom, not the end;
Learning how to learn is a life-long endeavor
An Outstanding Student
The
“A”
Student
Attendance: “A” students have virtually perfect attendance. Their commitment to the class
resembles that of the teacher.
Preparation: “A” students are always prepared for each class. They always read the assignments.
Their attention to detail is such that they occasionally catch the teacher in a mistake. They often
serve as leaders of the activities of the group
Curiosity: “A” students show interest in the class and in the subject. They look up or dig out what
they don’t understand. They often ask interesting questions or make thoughtful comments.
Retention: “A” students have retentive minds. They are able to connect past learning with
present and apply theory to reality on a daily basis, not just during testing.
Attitude: “A” students have a winning attitude. They consistently demonstrate determination and
self-discipline for success. They show initiative and do things they have not been told to do in
order to master the material.
Talent: “A” students demonstrate something special call it insight, intellect, foresight, etc. – they
make their creativity, organizational skills and motivation evident to the teacher and to their group
members.
Results: “A” students both participate and make positive, insightful and analytical contributions to
the class and in their groups. Their work is a pleasure to grade, and is often a source of group
pride.
An Average or Adequate Student
The “C”
Student
Results
Attendance: “C” students miss class three or more times a month. They put other priorities ahead
of academic work. Their other diversions (work, sports, socializing, family activities, etc) render
them physically or intellectually unable to keep up with the demands of high level performance.
Preparation: “C” students prepare their assignments fairly consistently, but in a perfunctory
manner. Their work is sloppy or careless. At times it is incomplete or late. They generally rely on
others in their group to do most of the work, contributing their opinions and a small degree of
preparation and forethought.
Attitude: “C” students are not visibly committed to the class. They participate without
enthusiasm. Their body language often expresses boredom. Their group participation is replete
with socializing, small talk and opinion rather than focus and analysis.
Talent: “C” students vary enormously in talent. Some have exceptional ability, but show
undeniable signs of poor self-management or bad attitudes. Others may be very diligent, but just
adequate in mastering material or learning in this setting.
A*” students are secure in their accounting knowledge and are ready to move on to
higher level classes. They know they are capable of learning at college-level and posses
the fortitude necessary to be successful in attaining their goals. They are confident in
themselves knowing they have accomplished a goal that took hard work and
determination. Their sense of pride has more to do with a feeling of empowerment than being an
“A” student. They are now ready to set their sights on even greater accomplishments
understanding that success breeds success.
*While it is important to always strive to do your best, it is equally important to remember
grades are one element of achievement and not the sole measure of course mastery or
your true commitment to learning.
Rothenberg – Winter 2015
Accounting 101
9
ACCOUNTING 101
WINTER 2015
CALENDAR
Chapter reading & LearnSmart due Mondays before class*. CONNECT PLUS homework due Thursdays by 11: 55 PM
*except Week 1
Weeks
Dates
1-5
WEEK 1
1-6
The Language of
Business
1-7
1-12
LearnSmart by 10:30 am
1-14
WEEK 4
Ch 2 homework by 11:55 p.m.
SEE CONNECT
1-16
Ch 2 test
SEE CONNECT
1-19
LearnSmart by 10:30 am HOLIDAY NO CLASS
1-20
1-21
1-22
Ch 3 homework
SEE CONNECT
1-23
Ch 3 test
SEE CONNECT
1-26
LearnSmart
1-28
Ch 4 homework
1-30
Ch 4 test
2-2
LearnSmart
2-4
Accounting for
Sales, AR,& Cash
Receipts
Begin work on Group Project.
1-29
WEEK 5
WEEK 7
Job Shadow opens in Canvas
1-27
Adjustments and
the Worksheet
Closing Entries
& Post-closing
Trial Balance
SEE CONNECT
1-15
2-3
WEEK 6
LearnSmart
Ch 1 test
1-13
Analyzing Business
Transactions
Read Ch 1 before arriving to class
1-9
WEEK 2
Analyzing Business
Transactions using
T Accounts
Additional Assignments/Notes
1-8
Analyzing Business
Transactions
WEEK 3
Assignments
Orientation to class
Group Project G/J & G/L Due
2-5
Ch 5 homework, ED PLANNING-NO SCHOOL
2-6
Ch 5 test
2-9
LearnSmart
2-10
In class mid-term test
Group Project Worksheet & Adj. Entries Due
2-11
2-12
Ch 6 homework
2-13
Special Session
2-16
LearnSmart
HOLIDAY NO CLASS
2-17
GROUP PROJECT DUE
2-18
2-19
2-20
Ch 7 homework
Ch 7 test
WINTER 2014
Accounting 101 Calendar
~continued~
Rothenberg – Winter 2015
Accounting 101
10
2-23
WEEK 8
Accounting for
Purchases, AP,&
Cash Payments
WEEK 9
Cash
WEEK 10
Payroll
Computations,
Records &
Payments
WEEK 11
LearnSmart
2-24
2-25
2-26
Ch 8 homework
2-27
Ch 8 test
3-2
LearnSmart
3-3
3-4
3-5
Ch 9 homework
3-6
Ch 9 test
3-9
LearnSmart
3-10
3-11
3-12
Ch 10 homework
3-13
Ch 10
3-16
Final - Job Shadow Paper Due by 9:30 a.m. on OR before MARCH 16 in Canvas.
Final
ACCOUNTING 101
ONE-TIME AMNESTY CARD
This card allows you to submit one assignment (LearnSmart,
shadow) or exam
or exam late. homework,
You are stilljob
be responsible
for thelate.
You
are stillthe
be responsible
for the completing the work.
completing
work.
Name: _______________________________________
Assignment or Exam #____________________________________
Amnesty cannot be used for the Group Project or Exam 10.
Exams must be completed within one week from the deadline date. All other assignments must be
submitted within 24 hours.
Instructor approval (required) ______________________________________________
Rothenberg – Winter 2015
Accounting 101
Date ______________
11