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AC 201 Principles of Accounting I
Mugleston, Theran K.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

AC 201 Principles of Accounting I

Semester

F2T 2011 DLC

Faculty

Mugleston, Theran K.

Title

Adjunct Faculty

Degrees/Certificates

AS, BS Accounting, MBA, PhD Management/Administration

Office Location

104 Ridgefield Drive, Dandridge, TN

Office Hours

24/7 via email, phone, and fax

Daytime Phone

865-484-1980

Other Phone

Fax 865-484-1989

E-Mail

theran.mugleston@park.edu

fin_serv@yahoo.com

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:

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

Wild, J. J., Shaw, K. W., & Chiapetta, B. (2011). Fundamental Accounting Principles. (20th Ed). McGraw-Hill Irwin: Boston.

ISBN: 978-0-07-7405144

(Note:  This textbook is used for both Accounting 201 and Accounting 202)

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville 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/.
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:
AC201 Principles of Accounting I: 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.

Educational Philosophy:

Class,

Your instructor's educational philosophy is one based on consideration for others, interaction between students including open questions and providing assistance to one another.

I have found in teaching this course that those classes that use this forum to ask questions, seek assistance, and to provide help do better than those classes that do not interact one with another.

Accordingly, please, please, please, ask questions, seek help, don't be afraid to ask! If you have a problem the probability is that there are others in the class with the same problem. It is not a sign of weakness or being "stupid" to ask questions, to seek help. If something needs to be clarified, ask!

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 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 Rubric

Class Assessment:

Class Assessment

  • Accounting 201 consists of 7 quizzes (one each week--weeks 1-7), 3 mid-term exams (weeks 2, 4, & 6), and a final exam (proctored).
  • There are weekly discussion topics, each week is worth 3 points, for a total (7 weeks) 21 points (please be sure to reply to a minimum of two class mate postings).

There are weekly quizzes for weeks 1-7.  Grading is as follows:  Weeks 1-6 are worth 1.4 points each, week 7 is worth 1.6 points; totaling 10 points.

There are 3 mid-term exams worth 13 points each for a total of 39 points.  They are scheduled during weeks 2, 4, and 6. 

The final exam (proctored exam) is given in week 8, it is worth 30 points.

Total points possible, 100, or 100%.

Proctored final examination (I cannot give a student a grade unless the final proctored exam is taken)

o    A final proctored examination will be taken in a proctored testing environment during the 8th 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. 

o    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.

Summary

Quizzes 1.4 points for weeks 1-6, week 7 1.6 points:  total 10 points

3 mid-term exams each 13 points total 39 points

1 final exam total 30 points

weekly discussion questions each week 3 points 7 weeks total 21 points

See the grading rubric in the classroom for more details.


Grading:

Course Grading Scale

Graded Work

Discussions                 21% (3 points each week x 7 weeks)

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

Hour Exams              39%  (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 reserves the right to curve the final average for each student based on overall performance.

I try to improve the course based on feedback from my students, please provide any suggestions, ideas, or comments that you feel may make the class better for future students.

I do hope each of you have enjoy the class, learn something during the class, and I wish each of you much luck and success in the future.

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 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.

Late Submission of Course Materials:

Submission of Late Work: Late work is not accepted without the instructors approval.

Classroom Rules of Conduct:

Civility

I have found through the years that when we speak on the phone, especially to someone we do not know personally, we are a little more abrupt and can become caustic quickly in our communication.  I have noted that the same is easier to do when on line, for instance in emails and discussion boards.

What I ask is that each of you be careful in how you respond, what you write, and in the choice of your words and language in all of your communication in this class.  If something has been said that upsets you, walk away, come back the next day, cool off, and be professional.  Treat others and you would like to be treated, even when you may not have been treated that way.

I encourage you to communicate with one another, help each other, encourage and motivate one another, ask questions, provide assistance.  The course and materials will be much easier to learn if you ask questions and work together.  Think of all of the knowledge, experience, and talent that exists in a class such as this, take advantage of this vast array of skills.

Course Topic/Dates/Assignments:

Each week there are discussion questions, students are to respond to the questions and then reply to class mates posting, each week.  The topics are defined in the discussion threads each week.

Week 1: Quiz 1

Chapter One-Accounting in Business 

Chapter Two-Analyzing and Recording transactions

Week 2: Quiz 2 and Exam 1

Chapter Three-Adjusting Accounts and Preparing Financial Statements

Week 3: Quiz 3

Chapter 4-Completing the Accounting Cycle

Chapter 5-Accounting for Merchandising Operations

Week 4: Quiz 4 and Exam 2

Chapter 6-Inventories and Cost of Sales

Chapter Seven-Accounting Information Systems

Week 5: Quiz 5

Chapter 8 – Cash and Internal Controls

Week 6: Quiz 6 and Exam 3

Chapter 9-Accounting for Receivables.

Chapter 10 - Plant Assets, Natural Resources and Intangibles

Week 7: Quiz 7

Chapter 11-Current Liabilities and Payroll Accounting

Week 8: 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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 93

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. from Park University 2011-2012 Undergraduate Catalog Page 93

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 "F".
  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: Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a courserelated question, or using any of the learning management system tools.

Park University 2011-2012 Undergraduate Catalog Page 96

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:

Discussions:  Each week there
are discussion topics including specific questions that are to be
answered.  However, please note that discussions actually means to
"discuss".  Accordingly, discussion cannot take place if
students do not discuss the topics among themselves.  Therefore, you will
be expected to reply to at least 2 class mate postings each week.



Discussion postings should occur on three different days each week, such as
Monday, Wednesday, and Saturday.  If you are to reply to class mate
postings, postings must be made early enough in the week, to encourage and
permit each of you to reply and communicate with each other.  So, please
begin early in the week in order that everyone has an opportunity to reply.



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:9/30/2011 9:50:05 AM