COURSE SYLLABUS
Gayle M. Richardson, CPA, Professor (aka Ms. R)
Website http://www2.bakersfieldcollege.edu/grichardson
Fall 2014
Email: grichard@bakersfieldcollege.edu oraweclr@gmail.com
661-395-4062 (BC office) Business Building Room 3
Preferred…..Voice and text 661-241-3313
http://www.wileyplus.com (resource for homework, PowerPoint’s, learning tools, etc.)
(authors’ website– links are INSIDE BC )
Business Administration B1 (BSAD B1)
Financial Accounting
TTH 10:30 a.m. – 12:35 p.m.
CRN 70710 August 23, 2014 – December 14, 2014
Business Ed Building, Room B8
Prerequisite - Reading Level 1, English 1, Math D or evaluation by professor. Sophomore
standing highly recommended.
Course Description: This is the study of accounting as an information system, examining why it is
important and how it is used by investors, creditors, and others to make decisions. The course covers
the accounting information system, including recording and reporting of business transactions with a
focus on the accounting cycle, the application of generally accepted accounting principles, the financial
statements, and statement analysis. Includes issues relating to asset, liability, and equity valuation,
revenue and expense recognition, cash flow, internal controls, and ethics
Student Learning outcomes: Upon successful completion of this course, the student will be
able to: Explain what a system is and how an accounting system is designed to satisfy the needs
of specific businesses and users; • Identify the ethical implications inherent in financial reporting
and be able to apply strategies for addressing them. • Summarize the purpose of journals and
ledgers; • Explain the nature and purpose of generally accepted accounting principles (GAAP)
and International Financial Reporting Standards (IFRS). •Explain and apply the components of
the conceptual framework for financial accounting and reporting, including the qualitative
characteristics of accounting information, the assumptions underlying accounting, the basic
principles of financial accounting, and the constraints and limitations on accounting information;
• Distinguish between cash basis and accrual basis accounting and their impact on the financial
statements, including the revenue recognition and matching principles; • Explain the importance
of operating, investing and financing activities reported in the Statement of Cash Flows; •
Interpret company activity, profitability, liquidity and solvency through selection and application
of appropriate financial analysis tools; and • Explain the content, form, and purpose of the basic
financial statements (including footnotes) and the annual report, and how they satisfy the
information needs of investors, creditors, and other users; Apply transaction analysis, input
transactions into the accounting system, process this input, and prepare and interpret the four
basic financial statements; • Explain the nature of current assets and related issues, including
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the measurement and reporting of cash and cash equivalents, receivables and bad debts, and
inventory and cost of goods sold; •Explain the valuation and reporting of current liabilities,
estimated liabilities, and other contingencies; • Identify and illustrate issues relating to longterm asset acquisition, use, cost allocation, and disposal; • Distinguish between capital and
revenue expenditures; •Identify and illustrate issues relating to long-term liabilities, including
issuance, valuation, and retirement of debt;(including the time value of money) • Identify and
illustrate issues relating to stockholders’ equity, including issuance, repurchase of capital stock,
and dividends; Define and use accounting and business terminology; Identify and illustrate how
the principles of internal control are used to manage and control the firm’s resources and
minimize risk.
NOTE: This course is designed to satisfy the requirements of the first semester of accounting as
a prerequisite for business administration majors at colleges and universities. Prospective
students should be informed of the considerable amount of homework involved and should not
take this course when carrying more than 12 additional units. A deficiency in simple
mathematics and algebra constitutes a great handicap to a student because of the pressure of
time in examinations. I want you to succeed!!!! If you have any questions, please see me. A
primary purpose of this course is to prepare transfer students for Intermediate Accounting at an
institution of higher learning.
Text and supplies:
Weygandt, Kimmel & Kieso. Financial and Managerial Accounting,Wiley & Sons, Inc.First
edition, (Shrink-wrappedin the BC Bookstore) ISBN 9781118286012
Textbook and Wiley Plus Access or Ebook with WileyPlus Access
Calculator (bring to class EVERY DAY!!!) Accounting paper - optional
Ruler, Pink Pearl eraser, Mechanical Pencil ----All work is to be done in pencil
Colored pencil - for correcting your homework
Letter size Folder with tab and fastener (for your workpaper folder)
Stapler and staples
Pen drive/ICloud/Dropbox/Backup Storage
Money for movie rentals (maybe)
Small box to keep everything in
Gades card, Scantron 886E forms
Goals and Objectives:
1. To prepare Business Administration majors for Intermediate Accounting and other
upper division business courses at universities and four-year colleges. This course is a
pre-requisite for most Business Administration and Computer Information Systems majors
at institutions of higher learning.
2. To introduce the student to the broad concepts of accounting including procedures of
recording, summarizing, and analyzing business transactions.
3. To give the student practice in the construction of financial statements and in the
procedures and principles leading to the preparation of such statements.
4. To develop technical/analytical, communication, interpersonal, and personal/self skills
to prepare the student for success in the business world.
Means of Achieving Objectives and Student Learning Outcomes:
 Four hours lecture per week (4.375 hrs)
 Each topic introduced by lecture/demonstration
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 Students will be given reading assignments, practical problems, quizzes, practice sets,
team projects, internet assignments, etc. and reviews to enable the student to monitor
his/her own progress
Policies:
Attendance
Students are expected to attend all sessions of this course. You are responsible for
dropping a course that you are not attending. Unexcused absences totaling six hours will
be cause to drop a student from the course. Two tardies are equal to one unexcused
absence. IF YOU COME IN LATE OR LEAVE EARLY, YOU WILL BE DOCKED FOR 1 HOUR. A
calendar for the semester is on the web site along with all assignments. Be sure to check
them periodically for updates. This is YOUR responsibility to know. We follow a basic
calendar, but we make adjustments during the semester if the class is not understanding
the basic concepts. The first four chapters are critical to success.
No makeup examinations or quizzes will be given. Don’t even bother asking!!!
Please do not bring cellular phones or beepers to class unless they are on vibrate mode
where only you know that someone is trying to reach you. Please plan to be in class
before 10:30 a.m. in order for us to start on time. If we start on time and finish the
material, we can leave early!  Also, when you come to class, please come prepared to
learn and leave your distractions in your car or at home! If you are late consistently, I
have been known to lock the door and give a quiz. Remember – there are NO MAKEUP
quizzes or tests!
Last Name, First
Name
BSAD –B1 – Class
Hour
Chapter #
Date Turned in
Table of Contents
Homework
Students are expected to read each chapter prior to the lecture. Your homework should
be done before coming to class. You will correct it in colored pencil in class to enable you
to study those areas that you did not understand immediately. Try not to use a RED
pencil since it may reflect as being “negative.” Big Smile! We do not want a negative
atmosphere! Homework is due on the last day the chapter is covered in class which is
why the calendar is flexible in the beginning. After we have accomplished Chapter 4….we
will proceed with a more stringent schedule. You are taking this class to learn accounting!
Each chapter takes approximately four class hours to cover. If your homework is not
turned in with the rest of the class you will lose five points per day. Maximum penalty is
15 points. Each homework assignment is worth 20 points. Hence, you can always turn
your homework in late and still receive 5 points. Your homework will always include the
Glossary at the end of each chapter, exercises& problems. You can find the assignments
at Inside BC. Complete homework means that you have done everything that was
assigned and corrected them in colored pencil. In addition, the homework must have a
cover sheet attached in front, stapled in the upper left-hand corner. If you don’t
understand, please see me.
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Workpaper Folder
You are to maintain a BOUND WORKPAPER FOLDER. This letter size folder will contain all
of your homework, handouts, lecture notes, quizzes and any other related material for
each chapter. This syllabus should be in your folder. In addition you are to keep track of
your grade on the inside cover of your folder (left hand side). The folder must be neat,
orderly and in chronological order. This folder is worth 50 points at the end of the
semester. Please don’t wait until the end of the semester to put it together. You will just
cause yourself a lot of unnecessary stress. It is easier to “just do it” as we move through
the semester. The folder and acco fastener (under supplies) are to be used for this folder.
On the tab please indicate your name, class, and semester.I will show you how this works.
If you don’t understand---- ASK!!
Participation
Participation points will be given for active participation in class. Being prepared is a
necessity to pass this course. You will be called upon to show your answer to a preassigned problem on the board. You are not penalized if your answer is incorrect. You
are also expected to work in groups/teams and encouraged to establish study groups.
You will be given assignments using the Internet. Hence, it is imperative that you get
your GADES card and establish your email address in the Library Commons. If you have a
computer at home with Internet service and email, that is fine. I expect you to have an
email address by the second week of class. You should check your account at “Inside BC”
periodically for postings.
Office Hours
Students are encouraged to seek help from me. My office is in the Business Building,
Room B-3. I will be in my office MW from 9 a.m. – 11 a.m. and Tuesdays from 12:45 p.m.
until 1:45 p.m. I check my email often and can access it via my IPhone. However,
sometimes I do have meetings and other commitments. If you need to schedule a
specific time outside of my office hours, just email me. This can change due to meetings,
so check with me for an appointment. My office phone is 395-4062 and I do have voice
mail 241-3313. The best way to reach me is via EMAIL grichard@bakersfieldcollege.edu. I
am available!
Grades:
The point system is used based upon what you earn. The following is subject to change:
Tests ( 13 Chapters @50 ea)
650
Homework (13 Chapters at 20 each)
260
Quizzes (POP-13 at 10 ea.)approx
Workpaper Folder
General Ledger Project
Special Projects
Participation
Final Exam
Sub-total
Less 2 lowest tests
Estimated Possible Points
A 90-100%
B 80-89% C 70-79%
130
50
50
40
50
200
1450
-100
1350
D 50-69%
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I reserve the right to change classroom policies and/or assignments if
circumstances dictate. Any changes will be announced in class. It is your
responsibility to be in class and to be aware.
You are encouraged to join Enactus, formerly SIFE, for extra credit. See
me or go to http://www.enactus.orgor emailbcsifeteam@gmail.com
"Students with disabilities who believe they may need accommodations in this class are encouraged to contact
Disabled Student Programs & Services located at Student Services Building, 1st Floor, Counseling Center
(661-395-4334), as soon as possible to better ensure such accommodations are implemented in a timely
fashion."
There are many resources available to you as a student. Just ask!
Habits of Mind:
How will you succeed at BC this semester? What determines success is not circumstance, but habit. Habits of
Mind, It’s POSSIBLE at BC has many free tools intended to help you accomplish your goals in school. Only
you can overcome the challenges you face this semester and in life. Start out successfully with these steps:



Visit the Habits of Mind website: www.bakersfieldcollege.edu/habits-of-mind .
Download the app for Habits of Mind at Bakersfield College for power in your palm.
Ask for help, do the work, and refuse to quit.
Success takes energy, planning, and strategies for both the expected challenges in school as well as the
unexpected twists life can take. Ask me for more information. Now is the time to develop new habits.
It’s POSSIBLE at BC
P
O
S
S
I
B
L
E
Persist
Organize
Strive for Excellence
Stay Involved
Innovate
Be Focused
Learn for Life
Emphasize Integrity
9/07/2014 – Last day to withdraw with no grade10/31/2014 – Last day to withdraw and receive a “W”
See our Calendar of due dates and Assignments for details.
TURN YOUR CELL PHONES OFF…..AND KEEP YOUR EYES ON YOUR OWN PAPER
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FINANCIAL ACCOUNTING TTH 10:30 AM
CALENDAR FALL2014
70710
Week Mon
Assignment
Subject to
Change
8/26/2014
TUESDAY
THURSDAY
1 8/25 Chapter 1 – Accounting in Action
Homework:

Ch 1 – Study & Practice in Wiley Plus

Glossary (write out by hand)

Wiley Plus: BE 1-1 thru 1-4, E1-1, E14,E1-10, P1-2A, and P1-4A

Additional: Softbyte Inc. (page 23
copied by hand 5 times also found
under LO 1.5 in EBook)
Quiz in Wiley Plus - Practice
ORIENTATION Lecture Ch 1
Complete
homework
for Tuesday
9/2 Review
2
Review Ch1
Lecture Ch 2
Review Ch 2
Test 1 & 2
Homework
Due
Lecture Ch 3
9/1 Chapter 2 – The Recording Process

Study & Practice in Wiley Plus

Glossary




Wiley Plus: E 2-1,4,6 and 9, P2Problems 2 -1a, 2a, 3a and 4a
General Journal
Wiley Plus Practice Quiz
Start Pioneer Advertising in class
(Mon 9/1 is a holiday)
(9/7 drop date without a grade)
3
9/8 Chapter 3 – Adjusting the Accounts

Study & Practice in Wiley Plus





Glossary
Wiley Plus: E 3-1,2,3,5,11,15 & 16, P 32a and 6a
General Journal
Wiley Plus Practice Quiz
Pioneer Advertising in class
4 9/15 Continue working on Chapter 3 – Adjusting Pioneer in
the Accounts and Pioneer Advertising in
Class
class
Pioneer in
Class
5 9/22 Chapter 4 – Completing the Accounting
Cycle
Review Ch 3
Pioneer in
Class
Lecture Ch 4
Complete
Pioneer in
Class
6 9/29 Chapter 5 – Accounting for Merchandise
Review Ch 4
Operations
Test on 3 &4

Glossary

Study & Practice in Wiley Plus

Wiley Plus: BE 5-1,2,&3 E5-10,12,13,15
& 18 and P 5-1a &5a
Review Test
Lecture Ch 5






Study & Practice in Wiley Plus
Glossary
Wiley Plus: E 4-1,10,14,18 & 19 and P
4-1a
General Journal
Wiley Plus Practice Quiz
Complete Pioneer Advertising
6


General Journal
Wiley Plus Practice Quiz
7 10/6 Chapter 6 -Inventories:
Review Ch 5

Glossary

Study & Practice in Wiley Plus

Wiley Plus: E6-2,3,4,5,7,10,11,17,18, &
19, P6-2a and 8a

General Journal

Wiley Plus Practice Quiz
Lecture
Ch 6
8 10/1
ChChapter 7 - Fraud, Internal Control & Cash Review Ch 6
3  Glossary

Study & Practice in Wiley Plus

BE7-1,4,6,8,9,11,& 12, E7-6, P7-2a and
4a

General Journal

Wiley Plus Practice Quiz
Test on 5&6
Homework
Due 5 & 6
Lecture Ch 7
9 10/20 Chapter 8 - Accounting for Receivables

Glossary

Study & Practice in Wiley Plus

BE8-1 thru 4, 8,9,11,E 13 &14

P8-2a and 6a

General Journal

Wiley Plus Practice Quiz
R Review TestLLLecture Ch8
ReReview Ch 7
10 10/2 Chapter 9 - Plant Assets, Natural
7 Resources & Intangible Assets








Review Test
Review Ch 9
Review Ch9
Lecture Ch
10 & App G
Glossary
BE9-1 thru 16, Do It 9-4, E9-2 ,P9-2a &
5a
General Journal
Wiley Plus Practice Quiz
Chapter 10:

Test 7&8
Lecture Ch9
Study & Practice in Wiley Plus
11 11/3 Chapter 10& Appendix G - Liabilities &
Other Significant Liabilities

Review Ch8
Study & Practice in Wiley Plus
Glossary
BE 10-1 thru 17, P10-1a, 3a, 5a & 9a
General Journal
Wiley Plus Practice Quiz
Appendix G:

Glossary

Study & Practice in Wiley Plus

BEG 1 – 3, EG-4, PG 1a and 2a

Wiley Plus Practice Quiz
12 11/1 Veteran’s Day Holiday 11/11
0 Chapter 11 – Corporations



Study & Practice in Wiley Plus
Glossary
BE 11-1 thru 13, E 11-5,7 and 11, P11-
Review Ch 10 Test on 9,
&G
10 & G
Lecture Ch
11
7
6a and 8a
General Journal
Wiley Plus Practice Quiz SPRING RECESS

13 11/1 Chapter 12 – Investments
Review 11
7  Study & Practice in Wiley Plus
Lecture 12

Glossary

BE 12-1 thru 10, E12-1, 9, 12 & 13, P123a

General Journal

Wiley Plus Practice Quiz
Review 12
Lecture 13
14 11/2
4
Special
Project
TDAY
Holiday
Homework due
Chapters 11 &
12
Review 13
Ch 13
Homework
Due
Special
Project Due
No Class
Final 1011:50 a.m.

Special Project – Financial
Statement Analysis
15 12/1 Chapter 13- Statement of Cash Flows



Finals Week - Final Thurs, 12/11


16 12/8
Study & Practice in Wiley Plus
Glossary
BE 13 -1 thru 15, P13-9a and 10a
General Journal and Worksheet
Wiley Plus Practice Quiz

It’s POSSIBLE at BC
P
O
S
S
I
B
L
E
Persist
Organize
Strive for Excellence
Stay Involved
Innovate
Be Focused
Learn for Life
Emphasize Integrity
9/07/2014 – Last day to withdraw with no grade10/31/2014 – Last day to withdraw and receive a “W”
8