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AC 201 Principles of Accounting I
Meadows, Michael E.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

AC 201 Principles of Accounting I

Semester

U1T 2006 DLC

Faculty

Meadows, Michael E.

Title

Adjunct Faculty Senior Instructor

Degrees/Certificates

MS, Management (Finance and Logistics Engineering)
BS's, Accounting and Management Accounting

Office Location

Augusta, Georgia

Office Hours

By E-mail Appointment

Daytime Phone

(706) 868-5176

E-Mail

michael.meadows@pirate.park.edu

mike.meadows@comcast.net

Web Page

http://    N/A

Semester Dates

June 5th to July 30th, 2006

Class Days

Online Monday thru Sunday

Credit Hours

3


Textbook:
The text is a standard text used in numerous universites and treats the topic of introductory accounting in great detail. A knowledge of excel is helpful, but is not required for this course.

Required Text: Fundamental Accounting Principles ,17th Edition

Author:Larson, Wild and Chiapetta
ISBN: 0-07-294660-1

Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the Parkville Bookstore


Course Description:
Introduction to financial accounting, including the concepts, procedures and terminology of modern accounting. Generally accepted accounting principles will be discussed and applied to various business concerns.  3:0:3

Educational Philosophy:
Online discussion questions, independent study and problem solving exercises in and out of class will constitute the primary delivery modes of course content.  Each student is expected to accomplish assigned readings and homework problems and to come to meetings prepared to ask and answer questions.  The “secret” to success in this class is to be positively engaged and attentive and to not let the work pile up until the end of the week.

Learning Outcomes:
  Core Learning Outcomes

  1. Record the purchase of  assets.
  2. Prepare adjusting journal entries.
  3. Prepare financial statements from an adjusted trial balance.
  4. Prepare closing journal entries.
  5. Write off bad debts of customers.
  6. Compute and record depreciation expense.


Core Assessment:
The test examines each learning outcome with 20 questions. Eighteen multiple-choice questions will be based upon a distribution of critical thinking concepts applied to a learning outcome. Two questions will examine a communication/writing component. Each question will be weighted as 5 points. 

Link to Class Rubric

Class Assessment:
Seven quizzes, three exams and a Final Exam comprise the evaluation methods that determine the students success.

Grading:
The grading scheme is as follows for the course:
Quizes                        10%
Hour exams( 3 each)           60%
Final Exam                    30%
Total Grade                  100%


Submission of Late Work: Late work is not accepted.
Proctored final examination


A final proctored examination will be taken in a proctored testing environment during the 8th (or 16th) week at one of the Park University sites around the country or at an alternative location.  For proctored examinations, photo identification is required at the time of the test.  Guidelines for selecting an acceptable proctor can be found on the Park University Website.  

Other Information on proctored exams:
It will be the responsibility of the student to arrange for a proctor, by the 6th week of the term, who is accepted and approved by the course instructor.  
Approval of proctors is the discretion of the Online instructor.  
A proctor request form will be made available to you during the first week of class so that you can send your requested proctor to your instructor for approval.  
Failure to take a final proctored exam (or submit your final project for some online graduate courses) will result in an automatic "F" grade.

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Course Grading Scale

Graded Work

Quizes                     10%  ( 4 multiple Choice questions and 1 problem)

Hour Exams              60%  ( 10 multiple Choice questions and 3 problems)

Final Exam               30%   ( 10 multiple choice questions and  5 problems)

Total Grade            100%

A = 90- 100%
B = 80-89%  
C = 70-79%  
D = 60-69%  
F = < 60%  

The instructor resevres the right to curve the final average for each student.

Late Submission of Course Materials:
Submission of Late Work: Late work is not accepted without a predetermined valid reason or in case of an emergency.

Classroom Rules of Conduct:
Policy #2: Ground Rules for Online Communication & Participation

General email: Students should use email for private messages to the instructor and other students. When sending email other than assignments, you must identify yourself fully by name and class in all email sent to your instructor and/or other members of our class.
Online threaded discussions: are public messages and all writings in this area will be viewable by the entire class or assigned group members.
Online Instructor Response Policy:  Online Instructors will check email frequently and will respond to course-related questions within 24-48 hours.
Observation of "Netiquette": All your Online communications need to be composed with fairness, honesty and tact.  Spelling and grammar are very important in an Online course.  What you put into an Online course reflects on your level of professionalism.  Here are a couple of Online references that discuss writing Online http://goto.intwg.com/ and netiquette http://www.albion.com/netiquette/corerules.html.
Please check the Announcements area before you ask general course "housekeeping" questions (i.e. how do I submit assignment 3?).  If you don't see your question there, then please contact your instructor.  

Course Topic/Dates/Assignments:
WEEK ONE: Assignments

Read chapters 1 and 2

Review Powerpoint Presentations for Chapters

Complete problems 1-7A and 2-6A.  Do not submit these problems as they will be self graded.  I will post the solutions to these at the end of the week for you to check your answers.

Do quiz #1 and send to drop box for grading.  This is an open book and open note quiz covering the material in chapters 1 and 2. The quiz is available in the evaluation section.

WEEK 2 Assignments

Read Chapter 3.

Review the Powerpoint Presentation for the chapter

Complete problem 3-2A. Do not submit this problem as it will be self graded.  I will post the solution to this problem at the end of the week for you to check your answers.

Do quiz #2 covering the material in chapter 3. It is in the Evaluation section. There are four mulitple choice questions worth 10 points each and one short problem worth 60 points.

Take the First Hour Exam covering chapters 1, 2 and 3. It is in the evaluation area.

WEEK 3 Assignments

Read Chapters 4 and 5.

Review the Powerpoint Presentations for the chapters

Complete problems 4-4A and 5-1A. Do not submit these problems as they will be self graded. I will post the solutions to these at the end of the week for you to check yours answers.

Do quiz #3 covering the material from chapters 4 and 5 .  This quiz is in the evaluation area.

WEEK 4 Assignments

Read Chapters 6 and 7.

Review the Powerpoint Presentations for the chapters

Complete problem 6-1A and exercises 7-1 thru 7-4.

Complete quiz #4 and send to the drop box for grading.  This is a quiz consisting of four multiple chioce questions worth 10 points each and one problem worth 60 points The quiz covers the material in chapters 6 and 7 and is in the evaluation area..

Take the second hour exam covering the material in chapters 4,5 and 6. The exam is located in the evaluation area.

WEEK 5 Assignments

Read Chapter 8.

Read the Powerpoint Presentation for the chapter

Complete problems 8-1A, 8-2A and 8-4A.  Do not submit these problems as they will be self graded.  I will post the solutions to these at the end of the for you to check your answers.

Do quiz #5 covering the material from chapter 8.  This is located in the Evaluation area.

WEEK 6 Assignments

Read Chapters 9 and 10.

Review the Powerpoint Presentation for the chapters

Prepare problems 9-2A,  9-5A,  10-3A, and 10-1B.

Do quiz #6 and send to the drop box for grading.  This is an open book and open note quiz the quiz covers the material from chapters 9 and 10.  the quiz is available in the evaluation area.

Take the third hour exam covering the material from chapters 7, 8 and 9.  It is in the evaluation area.

WEEK 7 Assignments

Read Chapters 11 .

Review the Powerpoint Presentation for the chapter

Complete Problems 11-4A, and 11-1B. Do not submit these problems as they will be self graded.  I will post the solutions to these at the end of the week for you to check your answers.

Do quiz #7.  This is quiz is laocated in the evaluation area andcovers the material in chapter 11.

WEEK 8 Assignments

Please review all previous problems, quizes, and exams as you prepare for the final exam. There is no additional material to assign at this time. the exam is scheduled for two hours. Your proctor will have the exam and intructions for its return.

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 2005-2006 Undergraduate Catalog Page 85-87

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 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2005-2006 Undergraduate Catalog Page 89

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 .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluate and define accounting concepts identified by:                                                                                                 
Outcomes
1,2,4,5,6                                          
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
100-80 %
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
60-79%
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
50-59%
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
Less than 50%
 
Synthesize data to produce a logical flow of informational reporting  per established accounting rules and standards                                   
Outcomes
1,2,4,5,6                                          
Assemble the correct and ethical accounting treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
100-80 %
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
60-79%
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
50-59%
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
Less than 50%
 
Analysis of transactional data                                                                                                                         
Outcomes
1,2,4,5,6                                          
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
100-80 %
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
60-79%
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
50-59%
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
Less than 50%
 
Application of established rules and logic per regulatory and commercial standards                                                                     
Outcomes
3                                                  
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
100-80 %
 
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements  per Generally Accepted Accounting Principles
Q16, Q17, Q18
60-79%
 
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements  per Generally Accepted Accounting Principles
Q16, Q17, Q18
50-59%
 
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements  per Generally Accepted Accounting Principles
Q16, Q17, Q18
Less than 50%
 
Content of Communication written essay                                                                                                                 
Outcomes
3                                                  
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the  production of financial statements
Question 20
100-80 %
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the  production of financial statements
Question 20
60-79%
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the  production of financial statements
Question 20
50-59%
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the  production of financial statements
Question 20
Less than 50%
 
Technical Skill in Communicating written essay                                                                                                         
Outcomes
6                                                  
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
100-80 %
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
60-79%
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
50-59%
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
Less than 50%
 
First Literacy Technical knowledge and application                                                                                                     
Outcomes
                                                  
Student will demonstrate a basic accounting knowledge within the scope of AC 201 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
100-80 %
 
Student will demonstrate a basic accounting knowledge within the scope of AC 201 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
60-79%
 
Student will demonstrate a basic accounting knowledge within the scope of AC 201 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
50-59%
 
Student will demonstrate a basic accounting knowledge within the scope of AC 201 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
Less than 50%
 

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Last Updated:5/21/2006 3:11:17 PM