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AC 201 Principles of Accounting I
Repp, David G.


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 DLH

Faculty

Repp, David G.

Title

Senior Instructor of Accounting

Degrees/Certificates

BA in Business Administration
Masters in Business Administration
CPA-Certified Public Accountant

Office Location

Spokane, Washington

Office Hours

Mon-Sunday (4 PM to 8 PM-Pacific Standard Time)

Daytime Phone

509-230-3505

E-Mail

david.repp@pirate.park.edu

reppcpa@yahoo.com

Semester Dates

June 5, 2006 to July 30, 2006

Class Days

Monday-Sunday

Class Time

Online

Credit Hours

3


Textbook:
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:
I am committed to creating a positive environment conducive to learning at Park University  The following characteristics constitute my educational philosophy:

Excellence:  I believe that all students have a right to expect excellence in academic instruction.  By providing instruction using the latest equipment and the most up-to-date software and educational technologies, I will prepare students for today's business field.
Accessibility:  I believe that all students have a right to receive opportunities for higher education, including opportunities for individual growth, professional development, and academic achievement.  All students should be provided equal opportunities in receiving help that will motivate and assist them in defining and achieving their educational goals.
Responsibility:  I believe that I am accountable to my students, the community, and to society for accomplishing its goals within the constraints of the college mission and its resources.
Professionalism:  I believe that I should serve as an example of professionalism, which my students can follow.  I feel that my actions, speech, and values should be of the highest standard in dealings within the educational environment.

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:
The grading criteria is as follows for the course:
Quizes( 7 each-100 points each            
Hour exams( 3 each)-100 points each            
Final Exam-100 Point
Homework-20 points each week      


Grading:
Quizes are worth 100 points each=700 points
The hour exam are worth 100 points each=300 points
The final exam is worth 100 points each=100 points
Weekly Participation is worth 80 points=80 points

Grading Scale:
A: 90-100
B: 80-89
C: 70-79
D: 60-69
F:>59

Late Submission of Course Materials:
You will be expected to submit all of your work on time. All assignments are due by midnight Mountain Time on the established suspense date as designated in this syllabus. Any assignment that is turned in late will be docked 50% of the total points available. Any late assignment must be submitted within two days of the original suspense. Failure to submit the assignment within two days of the original due date may result in the assignment not being accepted.

Late assignments will be accepted only in cases of emergency and only if the student notifies the instructor  ahead of time and the instructor approves the submission of the late work.

Classroom Rules of Conduct:
Each of you needs to actively participate in discussions relating to the subject materials for each week for full participation credit and to make this class an enjoyable learning experience for us all.  

In an intensive, collaborative learning environment such as that of Park University, class attendance is perhaps the most obvious and objective starting point measure for participation. If you are not in attendance, you miss out on many opportunities for learning. Because of this, if you miss class, you will not receive participation points for that workshop week.

During each workshop week, you are expected to be actively engaged in the activities and discussions. During online workshop weeks, you must contribute to your assigned main newsgroup discussions in a substantive manner each week to earn 100% of the participation grade points for the workshop. As the instructor for the course, I will take both the quantity and content of your messages to your assigned main discussion thread into account to determine your weekly online workshop participation grade.

For online participation, you should read, analyze, and respond to questions and comments from fellow students and me. These may include additional questions from me, as the discussions evolve, not just the questions assigned at the end of the chapters. Don't be afraid to express your opinion of the topics that we will discuss. Differences of opinion are normal; but the important thing about any disagreement is to differ with respect and to provide an explanation and clear factual basis for your different point of view.

Quantity is important, but the quality of the notes is even more important.

You are expected to respond to your classmates and any questions/comments as posed from your instructor.  If you use external information to substantiate your comments, make sure to cite your reference properly. Additionally, posts that consists exclusively of another individual's ideas will not be awarded full credit. Use quotes and external example to substantiate your own statements.

Course Topic/Dates/Assignments:
This is not a bookkeeping course.  The student is expected to learn not only how to record financial transactions, but why they are recorded.  It will focus on the principles of financial accoutning rather than the the bookkeeping function.  Accounting is said to be the "language of business". It has its own terms and understanding these will be one of the biggest challenges to the beginning accounting student.  As with any language, mastery comes with using the new words and terms.  Raise questions and express yourself in class as often as possible.

Topics to be covered:

1.  Accounting Model

2. Accounting Cycle

3. Accoutning for Merchandising Concerns

4. Internal controls

5. Classsification of the Accounts

6. Generally Accepted Accoutning Principles

Graded Work

Quizes                     10%  ( 4 multiple Choice questions-10 points each  and 1 problem- 60 points)

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

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

Total Grade            100%

Course Outline:

Week One June 5 to June 11
 Read chapter one and two. Do problems 1.7A and 2.6A
 and compare results with the self evaluation thread.
 Complete quiz one and send via dropbox.

Week Two June 12  to June 18
 Read chapter Three. Do problem 3.2A and compare
 results with the self evaluation thread.
 Complete quiz 2, and the first hour exam and
 send via dropbox

Week Three June 19 to June 25.
 Read chapters four and five. Do problems 4.4A and
 5.1A and compare results in the self evaluation thread.
 Complete quiz three and send via dropbox

Week Four June 26 to July 2
 Read chapters six and seven, do problems 6.1A,
 7.1A, 7.4A and compare in the self evaluation thread.
 Complete quiz four and the second hour exam and
 send via dropbox.

Week Five July 3 to July 9
 Read chapter eight, do problems 8.1A, 8.4A and compare
 results in the self evaluation thread.
 Complete quiz five and send via dropbox.

Week Six July 10 to July 16
 Read chapters nine and ten and do problems 9.2A,
 9.5A, 10.3A, 10.1B and compare in the self evaluation
 thread. Complete quiz six and third hour exam and
 send in  via dropbox.

Week Seven July 17 to July 23
 Read chapter eleven and do problem 11.4A, 11.1B and
 compare results in the self evaluation thread.
 Complete quiz seven and send in via dropbox.

Week 8 July 24 to July 30
Proctored Final Examination
Student Survey of Online Teaching



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:5/15/2006 12:07:16 PM