AC 201 Principles of Accounting I
F1K 2008 LA
Frerich, Bonnie M.
Professor of Accounting
M.A. in Management, Webster University, St. Louis, MO18 Additional hours in Graduate AccountingB.B.A. in Accounting, Angelo State University, San Angelo, TX
Before and After Class
830-563-5372 (best # to reach me)
18 August -- 12 October 2008
"ACCOUNTING," Warren, Reeve, & Ress; 22nd edition; Southwest Publishing; 2007. ISBN: 0-324-38187-5. Working Papers Plus to accompany the text is mandatory. (Study guide to accompany text is highly recommended, but not mandatory.) Other Required Readings: Handouts as distributed.
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Additional Resources: Accounting Today, The Wall Street Journal, NewsEdge (can be found on text companion website) and references cited by the authors in the selected class textbook.
Students are expected to come to class prepared to work. Paper, pencil, ruler, and a calculator are required in order to complete assignments in class.
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/.
Educational Philosophy: The world of accounting is dynamic, complex, and challenging. Accounting is considered by many to be the language of business. Students of accounting are the future in our society. Every student should have the opportunity to learn. To maximize learning, a student must attend scheduled classes, complete all assignments, and participate in class sessions. Lectures with student interaction, problem-solving, daily homework and reading assignments, discussion of homework assignments, examinations, and relations to real-world situations will be used to accomplish learning outcomes.
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: Formal lecture, class discussions, and problem solving, both individually and collectively, will be utilized in the classroom. Students are required to read assigned chapters and complete any assigned written work. Students are expected to complete and present a class project. Reviews and pretesting will be used to prepare students for exams. Testing will consist of quizzes, two major examinations, and a final exam.
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.
Classroom Rules of Conduct: Students are expected to be on time, attend all classes, have read the entire applicable chapter(s), have completed homework assignments, and actively participate in class discussions. Homework assignments and examinations must be legible. Some homework assignments will be collected and graded. I will grade your effort and logic in applying accounting principles. All work must be shown. I will give considerable credit to serious attempts to complete homework assignments, even if the answers are incorrect.
Everyone will conduct themselves in a professional manner at all times. Disruptive behavior WILL NOT be tolerated. Everyone benefits from productive class participation. Turn off all cell phones before entering the classroom. When I am instructing the class, I expect to be the ONLY person talking. Others in the class cannot learn effectively, if they cannot hear me instructing.
End of Chapter Problems: You will be required to read the chapter and attempt the homework before class. You will find the subject matter difficult, unless you prepare beforehand. We will use class time to review most of the homework and other examples. Not all homework will be taken up or graded; however, the homework will be very representative of the Exams. I will make solutions to all homework available.
Class Participation: The assumption is that you've read the assignment before class. You will benefit most if you come to class prepared. I believe it is my responsibility to discuss and expand on the confusing portions of the assigned material; I will not necessarily cover areas that are adequately addressed in the reading, even though you are responsible for this material on the exams. You will be assigned a grade for class participation simply as a means of strongly encouraging you to keep up with your readings. Your class participation score will be determined as follows: Initially, everyone will be assigned a participation grade equal to the average of their exam scores. This preliminary score will be adjusted up or down based upon your class performance throughout the semester. During each class, I will call on students to answer questions concerning the subject matter assigned. If you consistently demonstrate that you are not prepared for class, you will lose class participation points. Please check with me anytime during the semester, if you have questions about how I determine your class participation grade.
I enjoy teaching and visiting with my students. If you have any questions that we did not answer in class, of if you want to explore an idea, do not hesitate to contact me. The key to success in accounting is maintaining a clear understanding of the subject matter as we progress. If you are having trouble, please ask me for help as soon as possible. Feel free to contact me, if you are not sure of the relative importance of a particular topic or problem. Since many of us (including your instructors) work during the day and travel at night, email may be the best method in contacting me.
Course Topic/Dates/Assignments: A complete outline of assignments and dates will be given out on the first day of class. The following list is a general summary of the dates, chapters, and topics to be covered in this class. Class 1--Aug 18, 2008 Introduction & Chapter 1 Class 2--Aug 20, 2008-Chapter 1 & 2 Class 3--Aug 25, 2008--Chapter 2 Class 4--Aug 27, 2008--Chapter 3 Class 5--Sep 01, 2008--Chapter 4 Class 6--Sep 03, 2008--Chapter 4 & 5 Class 7--Sep 8, 2008--Chapter 5 Class 8--Sep 10, 2008--Chapter 6 Class 9--Sep 15, 2008--Chapter 7 Class 10--Sep 17, 2008--Chapter 8 Class 11--Sep 22, 2008--Chapter 9 & Review Class 12--Sep 24, 2008--Exam II Class 13--Sep 29, 2008--Chapter 10 Class 14--Oct 01, 2008--Chapter 11 Class 15--Oct 06, 2008--Project Presentations & Review Class 16--Oct 08, 2008--Final Exam
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 87All students are expected to practice academic honesty. Exams are carefully checked and monitored. Responsible preparation for class assignments, adequate planning for deadlines, and good study habits allow students to avoid dishonesty. Any dishonesty will be reported.
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 87
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 89-90Class attendance is required. A class roll will be taken during each class. Students that need to be absent MUST INFORM the instructor BEFORE class starts in order to receive an "AE" (excused absence). Students are responsible for emailing all homework assignments to the instructor prior to the missed class session.
Learning is an active process, and it is simply impossible for you to participate if you aren't here. Your participatory attendance is important to achieving the learning outcomes. If non-attendance occurs, you will be responsible for material covered during your absences, and it is your responsibility to consult with the instructor. Your overall semester performance grade will be lowered if you do not participate in the class without an approved excuse(AE). After 4 days of non-attendance, your performance grade will be lowered.
Students are expected to arrive to class on time. Occasionally, you may find it necessary to be late. In such cases, I would certainly prefer that you come after we have started, rather than miss the entire class. But, do not let tardiness develop into a pattern. Students are counted absent after a half-hour of tardiness. If you do not notify me at class end to remove the "A" for your marked absence and replace the mark with a "T" for tardy, then the absence will become a matter of record. I consider four (4) tardies as one full absence.
It is the student's responsibility to drop or withdraw from the course. Failure to officially withdraw may result in the student receiving a grade of "F" in the course. If you decide to drop the course, please discuss this with your instructor before taking this step.
Communication with me is the key to success here! You will find that I am very understanding, and will work with you to achieve your term goals.
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:7/27/2008 8:16:17 PM