SYLLABUS

ACC 2020:  PRINCIPLES OF ACCOUNTING I

Semester II, 2007-08

Three semester hours

Instructor:  Mrs. Carolyn Caldwell (office:  HD234,  phone:  3062,  email:  crcaldwell@anderson.edu), web page:  http://facultyweb.anderson.edu/~crcaldwell/)

 

OFFICE HOURS:         Monday, Wednesday, Friday—8:00-8:45, 10-10:45 am or by appointment

REQUIRED TEXT:      Fundamental Managerial Accounting Concets, 4th edition, Edmonds/Edmonds/ Tsay/Olds,  http://highered.mcgraw-hill.com/sites/0073526797/,  and Anderson ATV, Incorporated, A Computerized Business Simulation,ed 2., Caldwell. 

 

COURSE OBJECTIVES

 

Upon successful completion of this course, students will be able to:

1.         Complete the understanding of the basic principles, elements and concepts of financial and managerial accounting.

2.         Develop an understanding of the role of accounting information in business.

3.         Develop an understanding of business financing and investing events throughout the management planning, performing, and evaluating cycles.

4.                  Understand the conventions used by business to report to those who need to know more about the business.

 

EVALUTION

 

Students are expected to attend class regularly and on-time.  If attendance has already been taken when you arrive, you are considered absent unless you contact the professor after class.  Some of one’s grade is based on his/her contribution to the student-learning team.  If one is not in class on a regular and punctual basis, significant contribution is impossible.  Students may arrange help sessions with the grading/study group assistants.  Or, one should feel free to ask the instructor for help, but plan ahead so the help can be given in an optimum fashion. 

 

Make-ups will NOT be given for missed homework, quizzes, or in-class cases.  There will be NO make-up exam unless one has made prior arrangements and at the instructor’s discretion.

 

Students are expected to do their own work.  Copying homework or exams is plagiarism and will result in the loss of credit for the assignment/exam and a reporting of the incident to the Vice President for Academic Affairs.  This abides with the policy defined in The Student Handbook!  cell phones are to be turned off at all times and not used during exams for any purpose.  leaving the room during exams is by instructor permission only.

            GRADING:

                        Exams (4@ 100 points) [application, analysis, written communication]          400 points

                        Quiz/Requiz (8 @ 5 points) [knowledge and comprehension]               40 points

                        Home completion checks                                                                      20 points

In-class cases (8 @ 5 points) [application and analysis]                                    40 points

                                    Total Points Available                                                              500 points       

            GRADING SCALE:

                        500-465 points            A                                 399-385 points            C+                   

                        464-450 points            A-                                384-365 points            C                     

                        449-435 points            B+                                364-350 points            C-

434-415 points            B                                  349-335 points            D+

414-400 points            B-                                334-300 points  D

299 or lower    F


CLASS FORMAT

 

This is a demanding course and requires discipline of the student to have read the chapter and attempted all homework assignments prior to class.  Even a brief retreat from this study habit will be very damaging.  One should expect to work approximately 2 hours outside of class for every hour of classtime.  In general, each topic (chapter) is examined for one week.  The first class period is a discussion and lecture over the assigned reading and the second and third class period are devoted to problem solving and analysis.

 

Quiz/Requiz:  Each student is graded on 8 of 10 quizzes.  Quizzes are 5-point multiple-choice quizzes administered at the beginning of class when a new chapter is begun.  The quiz is taken individually by each student and handed in.  Then, the student-learning team retakes the quiz.  The student’s grade is the average of the individual and team grade for that quiz.     

 

In-Class Cases:  Each student-learning team is graded on 8 of 10 in-class cases.  These 5-point cases are to be completed after the student-learning team has mastered the homework material.  In-class cases must be completed in class without the aid of notes or books.  The cases are designed to provide teams with a self-check of the chapter material prior to the examination.

 

Teamwork:  The student’s contribution to the team is invaluable.  It is important that the student-learning teams function as teams, not merely groups.  Each member is valuable and should recognize his/her responsibility to the teams’ efforts.  Attendance and active participation is critical to success for everyone.

 

 

SCHEDULE

 

W Jan 16

Introductions; course objectives, policies, review of Accounting 2010—accounting cycle, classification of accounts. 

 

F Jan 18

Introduce Practice Set.  NOTE:  Bring practice set to class.

 

M Jan 21

Continue on manual version of analysis. 

 

W Jan 23

 

Have April 1-15 complete and bring a printed copy of Trial Balance for check. Continue on manual version of analysis (April 16-30).

 

F Jan 25

Have April 16-30 complete and bring a printed copy of Trial Balance for check.  Continue on manual version of analysis (May 1-31).

 

M Jan 28

Have May 1-31 complete and bring a printed copy of Trial Balance for check.  Continue on manual version of analysis (June 1-30). 

 

W Jan 30

 

Have June 1-30 complete and check your work with Check Figures table.  Bring a printed copy of Trial Balance so we can find and correct any errors you may have before starting adjusting entries, financial statements, and closing entries.  Continue on manual version of analysis (Adjusting Entries, Financial Statements and Closing Entries for the Quarter).

 

F Feb 1

 

Bring your completed practice set to class including copies of the Trial Balance, Adjusted Trial Balance, Post Closing Trial Balance, Income Statement, Statement of Stockholders’ Equity, Balance Sheet, Cash Flow Statement, Schedules of Accounts Receivable and Payable,   We will have a practice audit test.

 

M Feb 4

 

EXAM:  Audit of Practice Set

W Feb 6

 

Chapter 13:  Financial Statement Analysis,  Q/R #1

 

F Feb 8

 

Chapter 13:  Lecture and discussion, Exercises 13-1A, 13-3A, 13-4A, 13-8A, 13-9A, Computerized Practice Set to be completed.  Turn in printed copies of Trial Balance, May 31; Adjusting Trial Balance; Closing Trial Balance; Income Statement, Balance Sheet, and Cash Flows Statement; Schedule of Customers’ and Schedule of Vendors’ Balances.

 

M Feb 11

 

Chapter 13:  Lecture and discussion, Exercises 13-10A, 13-11A 

W Feb 13

 

Assignment:  Exercises 13-6A, 13-7A, 13-12A, 13-13A. 

F Feb 15

 

Chapter 14:  Statement of Cash Flows, Q/R #2

 

M Feb 18

 

Chapter 14:  Lecture and discussion, Exercises 14-1A,  14-5A, 14-6A, 14-8A, 14-9A, 14-11A

 

W Feb 20

 

Assignment:  Problem 14-18A. 

F Feb 22

 

EXAM, Chapters 13-14

M Feb 25

 

Chapter 1, Management Accounting—A Value Added Discipline, Q/R #3

W Feb 27

 

Lecture and Discussion, Exercises 1-1A, 1-3A, 1-4A, 1-7A, 1-9A

 

F Feb 29

 

Assignment:  Exercise 1-11A and Problem 1-21A  

M Mar 3

 

Chapter 2, Cost Behavior, Operating Leverage, and Profitability Analysis, Q/R #4

W Mar 5

 

Lecture and Discussion, Exercises 2-2A, 2-6A, 2-9A, 2-10A, 2-12A, 2-16A

 

F Mar 7

 

Mar 8-16

Assignment:  Problems 2-17A, 2-18A

 

SPRING BREAK

 

M Mar 17

 

Chapter 3, Analysis of Cost, Volume, and Pricing to Increase Profitability, Q/R #5

W Mar 19

 

Lecture and Discussion, Exercises 3-1A, 3-3A, 3-7A, 3-8A, 3-10A, 3-13A, 3-15A

 

Mar 21-24

 

GOOD FRIDAY Break

W Mar 26

 

Assignment:  Problem 3-17A 3-20A

 

F Mar 28

 

Chapter  5:  Relevant Information for Special Decisions, Q/R #6

 

M Mar 31

 

Chapter 5:  Lecture and discussion, Exercises 5-1A, 5-6A, 5-7A, 5-12A, 5-13A

 

W Apr 2

 

Assignment:  Exercises 5-15A, 5-18A and Problem 5-25A

F Apr 4

 

EXAM:  Chapters 1-3, 5

M Apr 7

 

Chapter 7:  Planning for Profit and Cost Control,  Q/R #7

W Apr 9

 

Chapter 7:  Lecture and discussion, Exercises 7-2A, 7-3A, 7-4A, 7-11A, 7-13A

 

 

 

F Apr 11

 

Assignment:  Problem 7-22A  

M Apr 14

 

Chapter 10:  Planning for Capital Investments, Q/R #8

W Apr 16

 

Chapter 10:  Lecture and discussion, Exercises (using calculators rather than tables) 10-2A, 10-4A, 10-6A, 10-7A, 10-12A

 

F Apr 18

Assignment:  Problem 10-16A      

 

M Apr 21

 

Chapter 11:  Product Costing in Service and Manufacturing Entities  Q/R #9

W Apr 23

 

Chapter 11:  Lecture and discussion, Exercises 11-1A, 11-4A, 11-5A, 11-6A, 11-7A

F Apr 25

 

Assignment:  Problem 11-16A   

 

M Apr 28

 

Chapter 12:  Job-Order Cost System (pg. 520-533),  Q/R #10

W Apr 30           

Chapter 12:  Lecture and discussion, Exercises 12-1A, 12-5A, 12-6A

F May 2

 

Assignment:  Problem 12-13A  

May 5-8

FINAL EXAM:  Chapters  7, 10-12  (Section 1, May 5, Monday, 9:30 am; Section 2, May 7, Wednesday, 9:30 am)