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AC 201 Principles of Accounting I
Cookinham, John,, III


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

F1T 2012 DL

Faculty

John L. Cookinham, III

Title

Assistant Professor of Accounting

Degrees/Certificates

BS University of Rhode Island
MBA Indiana University
CMA

Office Location

Home

Office Hours

TBA

Daytime Phone

(816)587-1695

Other Phone

(816)805-0309

E-Mail

john.cookinham@park.edu

jcooki@swbell.net

Semester Dates

8/20/12-10/14/12

Class Days

TBA

Class Time

TBA

Prerequisites

CS140

Credit Hours

3


Textbook:

Wild, Shaw, Chiapetta, Fundamental Accounting Principles, 20th Edition 
ISBN:  10-0077405145

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.
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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 Accounting Principles will be discussed and applied to various business concerns.  3:0:3

Educational Philosophy:
 

My primary belief is that teaching is a true test of scholarship and that a teacher should provide a classroom environment that is conducive to encouraging students to express their ideas and actively participate in the learning process. The concept that each student is responsible for learning in the class and should enjoy the interaction in the classroom is key to this belief. The student should be academically challenged by the intellectual discussion of the course material and be able to comprehend its value as part of preparation for life and a successful career. I want to have the student complete a course of instruction and feel that the knowledge gained is worthwhile and will contribute to their success in achieving their goals.

I also believe that an effective teacher has a complete knowledge of the subject matter being taught as well an understanding of the underlying pedagogical theory. It is the teacher’s responsibility to remain current in their field of expertise by reviewing current literature, attending conferences, maintaining memberships in appropriate professional organizations and   consulting with colleagues. A teacher must not only know the subject matter, but the best way to present the subject matter to the students to stimulate their though process. The student should be encouraged to seek external sources to further their knowledge.

In addition, I believe that an effective teacher should attempt to gain an understanding of each student’s capabilities and their level of knowledge that they bring into the classroom. Each student should be encouraged to gain additional skills and develop new insights. As each student is different and various teaching techniques should be employed to reach out and facilitate the learning process. A relationship should be built that emphasizes trust and a commitment to the learning process. The student should feel that a partnership does exist with the teacher and that mutual respect is a key to success in the classroom. The teacher must be committed to the success of each student insure that the teacher is available to the student outside of class.

In summary, I want the student to leave my classes with the following thoughts:

            The teacher personally cared for me as an individual and appreciated my understanding of the subject matter.

            My contributions to the classroom discussions and the subject were valued.

            The classroom environment encouraged my responsibility for learning the subject matter.

            The material is important and will be a factor in my success in life goals

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.


  Instructor Learning Outcomes
  1. 1.  Compare US GAAP to International Fianacial Reporting Standards
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:
We will use a variety of assessment instruments: discussion, quizess and exams. 

Grading:
 

  

The grade for this course is a composite grade from the student’s participation in the weekly class discussion, seven quizzes, three hour exams and the final exam.

The discussion participation is worth twenty one percent of the course grade. A separate rubric has been prepared for determining this grade. 

The quizzes consist of four multiple choice questions worth ten points each and one problem worth sixty points for a total of one hundred points for each quiz. All seven quiz grades are averaged and represent ten percent of the course grade.

The hour exams consist of multiple choice questions and three problems. All questions and problems have their assigned values posted on the exam, with each exam totaling one hundred points. The three hour exam grades are averaged and represent thirty nine percent of the course grade.

The final exam consists of multiple choice questions and five problems. The assigned values for each are posted on the exam. The final exam grade represents thirty percent of the course grade.

Students are requested to show all of their work in order to assist the instructor in determining partial credit on the quizzes, hour exams and final exam.

See Course Schedule for due dates for all assignments.

See Discussion Grading Rubric for grading the Discussions

Assessments

Points each

Number of quizzes/exams

Points Possible in course

(weighted average)

Percentage (%) of Final Grade

Discussion Participation

Weeks 1-7

 3 points each week, 1 point for answer each posted question

21

21

Quizzes

Weeks 1-7

1.4 points each quiz

7

10

10

Hour Exams

Weeks 2,4,& 6

13 points each exam

3

39

39

Final exam

Week 8

30 points

1

30

30

Total

10

100

100%

 

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:
The solutions to the graded homework, quizzes and mid-term will be posted to the document sharing area every momday. Once the solutions are posted, no credit will be given for late submissioms.  If there are mitgating circumstances that could cause late submissions, they must be discussed with myself in advance. The solutions to the self graded homework will be posted by Thursday of each week.

Classroom Rules of Conduct:

Each student is expected to do thier own work, participate in the discussions and not be critical of other students.  Every student is expected to participate in the classroom discussions.  Attendance for the week will be taken from the discussion area. THe resonses in the discussion area must be in the student's own words.

Course Topic/Dates/Assignments:

 

Week

Topic

Read

Homework

Quizzes

/Exams

One

Accounting in Business

Analyzing and Recording Transactions

Chapter 1

Chapter 2

Problem 1-8A

Problem 2-5A

Quiz One

Two

Adjusting Accounts and Preparing Financial Statements

Chapter 3

Problem 3-1A

Quiz Two

First Hour Exam

Three

Completing the Accounting Cycle

Accounting for Merchandising Operations

Chapter 4

Chapter 5

Problem 4-4A

Problem 5-2A

Quiz Three

Four

Inventories and Cost of Sales

Accounting Information Systems

Chapter 6

Chapter 7

Problem 6-1A

Exercise 7-1

Exercise 7-2

Exercise 7-3

Exercise 7-4

Quiz Four

Second Hour Exam

Five

Cash and Internal Controls

Chapter 8

Problem 8-1A

Problem 8-3A

Problem 8-4A

Quiz Five

Six

Accounting for Receivables

Plant Assets, Natural Resources, and Intangibles

Chapter 9

Chapter 10

Problem 9-2A

Problem 9-5A

Problem 10-1B

Problem 10-3A

Quiz Six

Third Hour Exam

Seven

Current Liabilities and Payroll Accounting

Chapter 11

Problem 11-4A

Problem 11-1B

Quiz Seven

Eight

All previous References

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 95-96

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 95

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 course related question, or using any of the learning management system tools.

Park University 2011-2012 Undergraduate Catalog Page 98

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:8/6/2012 11:46:47 AM