AC 201 Principles of Accounting I
U1HH 2009 PA
Colter, Gerald R.
B.S. Accounting – Illinois Wesleyan UniversityMaster of Management – Troy State UniversityCertified Public Accountant
25 May - 25 July 2009
5:30 - 10:30 PM
Fundamental Accounting Principles, 19/e (Chapters 1-25)
John J. Wild, University of Wisconsin-Madison
Ken W. Shaw, University of Missouri-Columbia
Barbara Chiappetta, Nassau Community College
--see approved book list from the Wright Patterson Park Office for ISBN
REQUIRED: Read each chapter and complete assigned homework. There are several types of problems from the text--quick studies, exercises, and problems. Most of the homework will be problems. In each chapter, there is a "Problem Set A" and a "Problem Set B". You are required to review the assigned Problem Set A problems and then YOU ARE REQUIRED TO COMPLETE PROBLEM SET B HOMEWORK PROBLEMS PRIOR TO EACH CLASS. For example, the homework for chapter 3 is:
Quickstudy Exercises Problems
You will have to do quickstudy 3-1, exercises 3-2 and 3-3, and Problem Set 3-1A and Problem Set 3-1B. You are required to turn in Problem Set 3-1B prior to class.
Attached to the syllabus are (1) the homework sheet, (2) a basic accounting summary sheet, (3) a solution guide to Problem Set A, and (4) a blank solution sheet (to work Problem Sets A & B on your own).
You are required to bring with you to class (1) the PowerPoint slides (provided at "http://www.parkonline.org/" ) and (2) the homework solutions for problems assigned. We will work these problems in class. Please bring all of these printouts to class with the problems worked—this will be part of your participation grade.
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 firstname.lastname@example.org or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
The instructor's educational philosophy is one of interactiveness based on lectures, readings, cases dialogues, & examinations. The instructor will engage each learner to encourage the exploration of ideas, issues, and contradictions.
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:
Three exams count 90% and quizes, homework, and participation count 10%.
Three exams: 30% each = 90%
Quiz/Homework/Participation 10% = 10%
89.0 – 100.0 = A
79.0 – 88.9 = B
69.0 – 78.9 = C
59.0 – 68.9 = D
< 58.9 = F
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.
Students are expected to turn in assignments and take examinations on the date scheduled or due. Late submissions of work or make-up exams will not be accepted unless prior arrangements are made with the instructor. Further, if a student must miss a test, it is their responsibility to find a workable time for both the instructor and student to take the exam. At the latest, the student will have to take the exam during the next class date.
Classroom Rules of Conduct:
Faculty members are expected to dismiss from their classrooms students whose behavior is detrimental to good order in the classroom. Such behavior includes, but is not limited to, the use of abusive or obscene language, attending the class under influence of drugs or alcohol, etc. Students who are dismissed from class may be given failing grades, suspension, or expulsion from Park University. Students whose behavior, either verbal or written, is detrimental to the good order of Park University may be subject to disciplinary action ranging from suspension to expulsion from Park University. Students who exhibit abusive or obscene language or behavior toward administrative personnel or support staff are also subject to suspension or expulsion from Park University.
Introduction and Syllabus Review
Accounting in Business
Analyzing & Recording Transactions
Adjusting Accounts & Preparing Financial Statements
Completing the Accounting Cycle
Accounting for Merchandising Operations
Chapters 1 - 4
Inventories & Cost of Sales
Accounting Information Systems
Cash & Internal Controls
Accounting for Receivables
Chapters 5 - 8
Plant Assets, Natural Resources, & Intangibles
Current Liabilities & Payroll
Accounting for Partnerships
1 - 12
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 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 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 89-90
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 .
Attachments:Accounting Basic Summary SheetAccounting Basic Summary SheetCh1 PowerPnt SlidesCh2 PowerPnt SlidesAC201 & AC202 Homework SheetAC201 & AC202 Homework SolutionsAC201 & AC202 Homework Solutions--BLANKRubric
Last Updated:4/29/2009 8:29:23 PM