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AC 201 Principles of Accounting I
Lampton, Jolene A.


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

F1A 2006 BE

Faculty

Lampton, Jolene A.

Title

Assistant Professor of Management Accounting

Degrees/Certificates

BSE in Business Education, MBA, Ph.D. in Higher Education
CPA licensed in Missouri and Texas

Office Location

Austin Campus

Office Hours

Monday/Wednesday 1 - 5 p.m.

Daytime Phone

512-385-7275

Other Phone

512-338.-8155

E-Mail

jolene.lampton@park.edu

jlampton@att.net

Semester Dates

August 21 - October 15, 2006

Class Days

TBA

Class Time

TBA

Prerequisites

AC201 and CS140

Credit Hours

3


Textbook:
Fundamental Accounting Principles 18th edition by Larson, Wild, and Chiappetta Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the MBS bookstore

Additional Resources:

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 helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


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:
Students should read the chapters, do the assigned problems, and prepare for quizzes and exams.  Students should also interact with the instructor - communicating by e-mail, phone, or whatever other means is necessary to understand the material.

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:
Quizzes, Examinations, discussion of textbook material and homework problems.

Grading:
Grading: 90%   A 80%   B 70%   C 60%   D Points will be accumulated in the gradebook with the percent correct being calculated; grades assigned per the above-listed percents. The above percents will be determined in the following proportions: Quizzes = 10% Class Participation in Discussion Threads = 10% 3 Exams = 50% Final Exam = 30%

Late Submission of Course Materials:
Contact instructor regarding late submissions.

Classroom Rules of Conduct:
Professional conduct expected.

Course Topic/Dates/Assignments:

Students should follow the weekly outlines for the course, submitted materials by midnight Sunday for each week.  Students should thoroughly read all chapters set forth in the weekly schedule, do the assignments, and take quizzes and exams.

Week One Assignments

Read Chapters 1 Accounting in Business and Chapter 2 Analyzing and Recording Transactions

Review Powerpoint Presentations for Chapters; review Lecture Notes for each chapter.

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.

Participate in the discussion threads for Chapters 1 and 2. I will check that you answered at least one question in each chapter.

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 Two Assignments Read Chapter 3 Adjusting Accounts and Preparing Financial Statements.

Review the Powerpoint Presentation for the chapter; review Lecture Notes for each 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.

Participate in the discussion questions for each chapter. I will check that you have answered at least one question in the chapter.

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 Three Assignments Read

Chapters 4 Completing the Accounting Cycle and Chapter 5 Accounting for Merchandising Operations.

Review the Powerpoint Presentations for the chapters; review Lecture Notes.

 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.

Participate in the discussion threads for Chapters 4 and 5. I will check that you have answered at least one question per chapter.

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

Week Four Assignments

Read Chapters 6 Inventories and Cost of Sales and Chapter 7 Accounting Information Systems. Review the Powerpoint Presentations for the chapters; review Lecture Notes.

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

Participate in the discussion threads for Chapter 6 and 7. I will check that you answered a question in each chapter.

Complete quiz #4 and send to the drop box for grading. This is a quiz consisting of four multiple choice 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 Cash and Internal Controls.

Read the Powerpoint Presentation for the chapter; review Lecture Notes.

 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.

Participate in the discussion threads for Chapter 8. I will check that you answered at least one question in the chapter. Do quiz #5 covering the material from chapter 8. This is located in the Evaluation area.

Week 6 Assignments Read Chapters 9 Accounting for Receivables and Chapter 10 Plant Assets, Natural Resources, and Intangibles.

Review the Powerpoint Presentation for the chapters' review Lecture Notes.

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

Participate in the discusion threads for the Chapters. I will check that you answered at least one question in each chapter.

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 Seven Assignments Read Chapters 11 Current Liabilities and Payroll Accounting.

Review the Powerpoint Presentation for the chapter; review Lecture Notes. 

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.

Participate in the discussion threads for Chapter 11. I will check that you answered at least one discussion question.

Do quiz #7. This is quiz is located in the evaluation area and covers the material in chapter 11.

Week 8 Assignments

Please review all previous problems, quizzes, and exams as you prepare for the final exam. The exam is scheduled for two hours. It is a CLOSED book exam; closed notes also.  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 2006-2007 Undergraduate Catalog Page 87-89

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 2006-2007 Undergraduate Catalog Page 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 "W".
  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.

Park University 2006-2007 Undergraduate Catalog Page 89-90

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:8/19/2006 5:35:59 AM