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AC 201 Principles of Accounting I
MacLellan, Kathy


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

S2T 2007 DLH

Faculty

MacLellan, Kathy

Title

Adjunct Faculty

Degrees/Certificates

MSA, CPA

Office Location

Chicago, IL

Office Hours

I am generally available throughout the day, up until 7:30 PM, Central Time

Daytime Phone

773-271-8029

E-Mail

Kathy.MacLellan@pirate.park.edu

Semester Dates

March 19 through May 11, 2007

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:

Required Text: Fundamental Accounting Principles ,18th Edition

Author:Larson, Wild and Chiapetta
ISBN: 0-07-299653-6


Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
You may use the Office page (located under Course Home) to ask any questions you may have about the course or your homework.  You may also ask questions about quizzes (once everyone has taken the quiz).  Additioinally, there is a Webliography (the last tab of the horizontal tabs located at the top of your screen) that lists websites that you may find helpful during this course.

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/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


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:
It is critically important that you keep up with the assignments in this class.  Accounting builds on mastering earlier concepts and my experience has been that those students who miss assignments tend not to be successful in this course.  Accounting IS a time-consuming topic.  Additionally, we are covering what many universities teach in a sixteen week course in only eight weeks.  Therefore, it is extremely important that you keep up with the assignments and manage your time wisely.

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:
Class Assessment:
Weekly quizzes, weekly homework, and a proctored final exam.  You will also be given weekly participation points based on your responses to the discussion questions.  I will be evaluating participation as follows:

ASSESSMENT AND EVALUATION:
GRADING RUBRIC OF “WEEKLY PARTICIPATION”

Each student brings different life experiences, points of view, and ways of knowing to our classroom and our learning environment.  Everyone should plan to become an active member of the learning community.  “Participation” means 1) forming supportive and inquiring relationships with other students in the class through postings to one another, sharing points of view, and providing encouragement and constructive critique, 2) reading the assigned readings before beginning your assignments and online development, and 3) applying readings to the virtual discussions and course development. 
REQUIRED COMPONENTS:

1. Complete Discussion Questions/Assignments by due dates. Topics will be provided for you each week. (10 pts.)

2. Provide valuable and thoughtful feedback for peers with
constructive criticisms and critiques. (10 pts)

3. Respond to discussion questions with applicable information and concepts shared in the readings, to answer questions and/or solve problems. (10 pts.)
4. Present original thoughts and ideas in postings. Avoid simple agreement/ disagreement with, or restatement of other's postings. Always add value to the discussion.(10 pts.)

(40 pts. Total/Week)

RATING CODE:
9-10 = Exceeds requirements in exemplary manner
7-8 = Slightly exceeds expectations in meeting requirements
5-6 = Meets requirements and objectives of project
3-4 = Slightly below expectations in meeting requirements
1-2 = Considerably below expectations in meeting requirements

Grading:
Homework (weeks 1 - 7)    85 points per week for a total of  595 points

Quizzes (weeks 1 - 7)    100 points per week for a total of  700 points

Class Discussions (weeks 1 - 7)    40 points per week for a total of 280 points

Final exam (week 8) 425 points

Total possible points is 2,000.

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

All final exams will be comprehensive and will be closed book and closed notes.  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 Associate Dean.

The Proctored final exam for online courses must be passed with a grade of 60% or higher in order to pass the course regardless of the overall average.  The grade for students who pass the proctored final will be based on the overall average of homework and tests taken during the course.  The proctored final exam must address only material which the student has been taught in class.

Late Submission of Course Materials:
I expect all assignments to be submitted on or before Sunday of each week.

That being said, I understand circumstances do occur (illnesses, unexpected accidents, deaths) and I am willing to work with you on these RARE occasions.  If something does occur that will cause you to be late in submitting your work, please contact me as soon as you can so that we can establish a mutually agreeable deadline.

I do reserve the right to not accept late assignments and/or to penalize them by 10% per day late.

Please do not go back into a completed unit and take quizzes or submit homework without first discussing this with me.  Submitting work in a completed unit does not mean you will necessarily get the points for the work.

Classroom Rules of Conduct:
Please ask questions on the Office page located under Course Home.  That way, everyone can benefit from the answer.  Please only email me questions if they are private in nature.

Please be courteous to your fellow students as we use the Class Discussion board each week.  I will post topics for you to discuss.  You will be posting a response to one of the questions that I present and you will need to respond to another student's posting.  Feel free to ask questions or even disagree with someone in the discussions but always be polite.

Course Topic/Dates/Assignments:
Welcome to Principles of Accounting (AC 201), online! During weeks 1-7, you will need to complete a homework assignment, an online quiz, and participate in the class discussion. During week 8 you will need to complete a proctored final exam. Our online discussions will help you become familiar with the online environment, learn what we hope to achieve from this course, understand my general guidelines and expectations, and assess your interest in the the study of accounting. During week one, we will be covering chapters 1 and 2 in our text as we take a closer look at Accounting in Business and Analyzing and Recording Transactions. During week two, we will cover chapter 3, Adjusting Accounts and Preparing Financial Statements. Chapters 4 and 5 will be covered during week three as we learn about Completing the Accounting Cycle and Accounting for Merchandising Operations. During week 4, we will cover chapters 6 and 7, Inventories and Cost of Sales and Accounting Information Systems. Chapter 8 (Cash and Internal Controls) will be covered during week 5. Week 6 is a big week for us. We will be looking at Chapters 9 and 10, Accounting for Receivables and Plant Assets, Natural Resources, and Intangibles. You will also need to have your approved proctor contact information for your final exam to me by Friday of Week 6. During week 7, we will cover Chapter 11; and during week 8, you will be taking your proctored 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 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.
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 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 .

Additional Information:
I look forward to working with each of you.  Have a great term!



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:3/9/2007 7:37:04 PM