AC 201 Principles of Accounting I IN
S1J 2009 IN
Masters of Business & AdministrationBachelor of Science - AccountingBachelor of Arts - History/English Education
Independence campus classroom
usually available 1/2 hours prior to class
816-795-9573 You may call me up until 8PM on Wednesday through Saturday and until 6PM on Sunday. There is an answering machine available so please leave a message & I'll return your call.
816-795-9573 You may call Wednesday thru Saturday until 8PM and Sunday until 6PM. I am not available Monday or Tuesday during the day or evening hours. Please do not try to call or email on Monday or Tuesday as, often, I do not receive the messages until too late to respond.
January 13, 2009 - March 9, 2009; drop date January 19; last withdrawal date February 15, 2009
5:30 - 9:50 PM
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Current newspapers or magazines
McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.Career Counseling - The Career Development Center (CDC) provides services for all stages of career development. The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email email@example.com or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
The main method of instruction will be lecture, class & group discussion, and home work assignments. Quite a number of exercises will be worked in class.
Student participation is an essential part of the class. Bring calculator and pencil to class. Laptop permitted. You may use calculators on all tests and homework assignments. NO cell phone calculators or programmable calculators or laptop computers allowed during tests.
The text also has on line help and worksheets for some of the problems. Formats are available if the spreadsheet symbol is displayed next to the problem.
Learning Outcomes: Core Learning Outcomes
The final exam for AC 201 will be the assessment tool used for this course. The exam will be comprehensive and the grade used to determine competency levels achieved by the students. The exam will be closed book and closed notes. The exam consist of 10 multiple choice questions covering the chapter readings in the course and five problems that examine the critical thinking, effective communication skills and technical skills of the student. The first problem will address Accounting in Business, Analyzing and Recording Transactions, and Adjusting Accounts and Preparing Financial Statements. The second problem will address Completing the Accounting Cycle, Accounting for Merchandising Operations and Inventories and Cost of Sales. The third problem will address Accounting Information Systems and Cash and Internal Controls. The last two problems address issues of Accounting for Receivables, Plant Assets and Current Liabilities and Payroll Accounting. Partial credit will be given for the problems.
Link to Class RubricClass Assessment:
A. Complete all reading assignments before attending class on the week noted in the section labeled Course Topic/Dates/Assignments. A number of exercises will be done in class as a class/teacher project. Quizzes may be used as a teaching tool. Definitions are important. An assignment syllabus will be handed out the first night of class.
If you get stuck on a problem, call. Don't spend hours on one exercise. CALL!
Please realize that homework is very important in learning accounting and you will be graded upon completing the homework assignment. The intent of the homework is for the student to solve Accounting problems which relate to the chapters of class discussion and practice exercises. A study group is a great way to learn.
B. Each student is to bring an article from a current newspaper, or magazine or Internet for a brief discussion. Prepare 1/2 to 1 page, typed, review of the article using correct grammar and spelling. You will present the article to the class. Instruction sheet will be handed out the first night of class. The first week of class a sign up sheet for the article will be available and you will choose the week for presentation as well as your due date for the review.
The article must pertain to accounting. Do NOT use the Journal of Accountancy or other similar professional magazines . The object is to demonstrate how often accounting terminology & principles & knowledge is used in every day writings.
Make a copy of the article for each student and the instructor. State the source of the article and the date. No articles regarding the various scandal ridden companies such as Enron, bailout, and no earnings type articles. NO articles about company's quarterly report or yearly earnings. If in doubt, ask the instructor. No duplicate articles or topics. Reduced points for late presentation or written review.
C. I would prefer you use Excel for your homework. If you do not use Excel , homework must be turned in on green, four or more column accounting paper. If I can’t read it, I can’t grade it.
If you use Excel, just print it on regular printer paper. Some homework problem formats are available on the text web site. NO notebook paper!!!
D. There will be a midterm exam and final exam. The university will provide the final exam.
Midterm Exam-Approximately 50-100 points
Attendance - 5 points per class when present on time & stay to the end. 40 points total for 8 weeks
Class participation - 5 points per class when present on time & stay to the end. 40 points total for 8 weeks
Newspaper article 10 points
Extra credit- TBD - 15 points due week 7
Percentage breakdown follows:
Attend & participate 13%
Grading: 90% --- A 80% --- B 70% --- C 60% --- D •
• There will be take home worksheet prior to the midterm and final that will be graded as part of homework. It is a review. • If extra credit is given to the class, it can not raise your grade higher than one level. • Homework not completed and handed in on time does hurt in the final grade calculation. You can not get an "A" with incomplete or consistently late homework assignments. Decreased points for late, alternate homework. The later from the due date, the fewer points. Remember, if you can't figure out an assignment, call.
The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.
All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.
If you miss with an excused absence, turn in the homework the next class meeting for full credit. Or you may fax the homework to Park on the evening it is due. If it is an unexcused absence, turn in the homework for a decreased number of points at the next class meeting. After an absence, homework is due the next meeting.......if it is not turned in the week following the excused absence than alternate homework will be required for decreased credit. All make up homework must be turned in week 7.
Classroom Rules of Conduct:
CELL PHONES: Cell phones are a major annoyance and a major convenience. Turn them OFF. If you must leave your phone on, please turn it to mute or whatever setting your telephone requires so that it does not disturb the class. If you receive a call, leave the class room and go to the school lobby. Do not stand in the hallway as that disrupts other classes.
ABSENT: If you know you will be absent, please inform the instructor prior to your absence. You may call the school [816-252-9065] to inform of absence. Please do not call or email me on the day of class as I do not always have access to my answering machine or email.
Course Topic/Dates/Assignments: The instructor reserves the right to change assignments with notification to the students. In class, we will work the various exercises. A separate homework syllabus will be handed out the first night of class. Additional problems maybe assigned if you are absent.
Chapter 1 - Introduction to Accounting and Business
Chapter 2 - Analyzing Transactions
Chapter 3 - The Adjusting Process
Chapter 4 - Completing the Accounting Cycle
Chapter 5 - Accounting Systems
Chapter 6 - Accounting for Merchandising Business
Week 4 Midterm -
Chapter 6 - complete if necessary
Chapter 8 Sarbanes Oxley, Internal Controls, and Cash
Chapter 9 - Receivables
Week 6 Chapters 9 & 10
Chapter 10 - Fixed Assets and Intangible Assets
Chapter 11 - Current Liabilities and Payroll
Week 8 FINAL - in class; closed book
Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University 2008-2009 Undergraduate Catalog Page 87
Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2008-2009 Undergraduate Catalog Page 87For the article review, use correct paper format with quotations attributed to source with foot or end notes. Give the source, author, and date of the article.
A more detailed instruction sheet will be handed out week 1.
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2008-2009 Undergraduate Catalog Page 89-90Students are expected to attend all classes and be on time and stay for the entire class meeting time. Class begins at 5:30PM and roll will be taken at sometime during the class period. Decreased points for tardy or leaving early. Absenteeism and tardiness are a deterrent to academic achievement.
Classes missed for legitimate reasons [see definition below] are excusable.
In Accounting it is very important not to miss a class. Accounting begins with chapter 1 and each subsequent chapter builds on that knowledge. If you miss one week, you've missed 12.5% of classwork. Make a commitment to attending each of the nine weeks.
Definition of excused absence:
Work related travel
Death in family
Other events will be considered on an
If you are not in class, you can not participate. No attendance or participation points are given if you are absent, excused or unexcused.
At the first class meeting, we will discuss alternative meeting for makeup in the event, classes are canceled due to weather.
A student who is absent from class is responsible for all material covered during the class period and additional homework problems can be assigned.
If you know you will be gone, please notify me prior to your absence. To inform the instructor of your absence, either call me prior to your absence or if the your situation arises on Tuesday, leave a message with the school administration. If you do not call, the absence is unexcused. Proof may be required for excused absence.
Do NOT call or email me on the day of class as often I can not check my answering machine or read my email.
Please call the school!
Disability Guidelines:Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .
Last Updated:12/1/2008 11:07:19 AM