This course is an introduction to basic financial accounting concepts primarily for businesses organized as corporations.
Students will learn to record business transactions in accounting records; prepare a trial balance and financial statements for corporations. The course is a prerequisite to ACCT 102, "Fundamentals of
Accounting-II. "(Managerial Accounting)
1. Define and use accounting and business terminology..
2. Record transactions for current assets, plant assets, current liability and long term liability accounts.
3. Prepare a balance sheet, income statement and retained earnings statement for a corporation.
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Record transactions to issue common stock, repurchase common stock and declare and pay dividends .
ACCT 100 with a grade of “C” or higher. If you have not met the prerequisite please inform me immediately.
Wild, Shaw, Chiapetta, “Financial and Managerial Accounting: Information for Decisions,” sixth edition,
McGraw-Hill, 2015. Students will also need an access code for Connect ( McGraw Hill’s homework management system.. You should purchase this text bundled with the access codes that you will need to complete your homework. If you purchase an electronic text or purchase a used book, you will need to purchase the Connect access code separately. This is the same text will be used for the next accounting class, ACCT 102.
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You will need 5 Scantron #882 forms for the tests, a notebook for class notes, a USB flash drive for the
QuickBooks project and a cheap calculator. You will not be allowed to use calculators with alpha or programmable features. You can not use a cell phone as a calculator or any other electronic devices during a test.
There may be times when you can’t complete assignments during class time or you may need help outside
of class. You are encourages to attend one of the Accounting Labs.
Time
Day Instructor Room
>90% = A
80 - 89% = B
12 Homework Assignments (2 lowest dropped) 100
4 Tests ( 100 pts. each) 400
65 - 79% = C
50 - 64% = D QuickBooks Project
Below 50% = F Final Examination 150
700 Total
Homework assignments mus t be completed on line using Connect and are listed on the accompanying
Assignment Schedule and are due by 12 PM PST on the dates indicated . Late homework will not be accepted.
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Lecture notes for each chapter are available in Powerpoint on my website. I encourage you to review these notes in conjunction prior to each class
If you purchased a new textbook, it will have an access code included and you may ignore the following instructions. If you purchased a used text, please use the following instructions to purchase an access code.

Go to: http://connect.mheducation.com/class/s-kroll-act-101-springl-2016 Click on “Register or
Purchase Access”
 Click on “I do not have a registration code”
 Choose the “McGraw-Hill’s Connect Plus for College Accounting” by clicking the “Continue” button underneath the price

Follow on-screen instructions.
Homework assignments are listed in the “Assignments Schedule”. These assignments must be completed using Connect. Demonstrations on using Connect will be done during the first week of class. To access
Connect:
 The URL is http://connect.mheducation.com/class/s-kroll-act-101-springl-2016 Enter your Login and
Password (password and login is case-sensitive )

Select an Assignment Name

Choose either “Print assignment for off-line work” or “Work assignment on-line right now.” (Note: If you print the assignment for off-line work, you will still need to enter your answers to the problems online.)

When working on-line, each problem/exercise will be given one a time

Fill in the answer in the box provided
 At the top of the page, click “Next” to go to the next problem
 When all problems are completed, click “Grade.” (Note: Incomplete assignments can be saved and worked on later by clicking “Save my work” or “Quit and save.”)

Each assignment has unlimited attempts and only the best score is recorded.
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Students are expected to attend all classes and be on time . If a student misses a class, it is the student's
responsibility to determine what they missed. If a student misses either 3 classes in a row or 5 classes in total,
they will be considered excessively absent and can be dropped from the class.
WITHDRAWLS
Students are requested to consult with the instructor before dropping the class. Should a student decide to drop, it is the student's responsibility to process the appropriate paper work. State law requires me to assign
a letter grade to all students on my roster after the official drop date.
The last day to drop with a "W" is April 22, 2016
Excessive absences, unsatisfactory progress, undesirable citizenship, falsification of work, or allowing others to copy work may serve as a basis for a failing grade and/or a dismissal from class. The college and I take academic honesty issues very seriously. Ethical behavior and integrity inside the classroom are expected of all.
Students, academic dishonesty will be dealt with according to the college's academic honesty policy, a copy of which may be found in the 2015 Cerritos College Catalog which is available on the College’s Website
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Students that require special accommodations due to certified disabilities are encouraged to advise the instructor. If the student has not already done so, they should contact Disabled Student Programs and
Services (DSPS) at (562)860-2451 ext. 2404 for information concerning the services available .
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