Calumet College of St.
Joseph
SYLLABUS FOR PRINCIPLES
OF ACCOUNTING I
Term: Semester,
2002-2003 (022) (Jan. 6 – Apr. 16)
Course Number: ACC 210X
Instructor: Mr. George Grzesiowski
Office
Phone: 219-473-4283
E-mail: ggrzesiowski@ccsj.edu
Home
Phone: 219-362-1696
E-mail: grzz@csinet.net
Office
Hours:
|
Day |
Times |
|
Monday |
10:30AM
– 4:30 PM |
|
Tuesday |
10:30
AM – 11:00 AM 3:30PM
– 7:00PM |
|
Wednesday |
By
appointment |
|
Thursday |
10:30AM
– 12:00PM |
|
Friday |
10:30
AM – 11:00AM 3:30PM
– 6:30PM |
Course
Description: This course prepared the accounting student in the
theory and techniques of accounting necessary for the advanced courses and
provides a basic introduction to accounting for those students using an
accounting degree. Students will be introduced to financial statements and the
accounting cycle for a service and merchandise business.
Learning
Outcomes/ Competencies:
Students in this course will:
1. Discuss the purpose and usefulness of a double entry accrual accounting system and explain its role in making business decisions
2. Identify and explain the meaning of standard accounting terms.
3. Explain how accounting transactions affect the accounting equation, income statement, statement of owner’s equity, and balance sheet.
4. Apply the rules of debits and credits to prepare general and special journal entries for common business transactions of a service enterprise and a merchandising business.
5. Post transactions from journal to general ledger accounts and subsidiary ledger accounts.
6. Prepare a trial balance and subsidiary ledger reports and explain their interrelationships and role in the accounting system.
7. Explain the purpose of accruals and deferrals; identify accrual and deferral accounts; record accrual and deferral entries.
8. Analyze data and prepare a worksheet for a service enterprise and a merchandising business.
9. Prepare an income statement, statement of owner’s equity and a balance sheet for a service enterprise and a merchandising business and explain their purpose in an accounting system.
10. Prepare adjusting, closing and reversing entries for a service enterprise and a merchandising business and explain their purpose in the accounting system.
11. Demonstrate competency in accounting by completing a set of comprehensive problems.
Textbooks: Accounting Principles, Weygandt, Kieso, Kimmel,
6th edition, Wiley 2002.
Working Papers
Assessment:
Exams (3 exams) 60% of grade
Class participation/attendance 10% of grade
Homework problems 20% of grade
Comprehensive problems 10% of grade
100%
Grading
Scale:
A: 92-100 A-: 90-91 B+: 88-89 B: 82-87 B-:
80-81 C+: 78-79
C: 72-77
C-: 70-71 D+: 68-69
D: 62-67 D-: 60-61
F: 59 & below
Since
your learning is my primary concern, it is imperative that anything preventing
you from learning be discussed. Please
feel free to make an appointment with me or call me so that I can help you keep
on track.
Class Policy on Attendance:
Attendance in class is an important priority. Accounting is a course that continues to build on the knowledge gained. It is not possible to understand and grasp the fundamentals being taught in later chapters unless the earlier chapters have been mastered. Missing classes will impede your progress.
Your
class participation grade will be affected by attendance. If you are not here, you are not
participating.
Class Policy For
Assignments:
Students are expected to have read the chapter prior to the lecture. Each chapter will be explained and discussed. Concepts will be illustrated by working selected demonstration problems in class. Selected problems will be assigned as homework.
Homework problems will be checked in class. Prior to checking the homework, I will check your working papers for completion. Late homework will be assessed a 50% late penalty.
Student Responsibilities:
It
is expected that all students will be present on test days. If unavoidable circumstances prevent
attendance, the test can be made up at the instructor’s discretion. It is the student’s responsibility to contact
the instructor to make arrangements to make up the exam. Unexcused absences on test days will result
in a 10% penalty. One test re-take is
allowed per semester.
All students no matter what their educational background, life/work experiences, have something to offer that will enrich our class. As instructors, we not only encourage participation, but also rely on it. As students, you should demand it, not only of yourselves, but also of your classmates. Our class is only as good as we make it.
Class
Policy on Electronic Devices: (Optional)(Cell phones, Beeper, Pagers…etc.)
Keep on low ring if necessary.
Center
for Academic Excellence:
Tutoring
assistance is free to all students of Calumet College of St. Joseph. Call the
Center for Academic Excellence (CAE), to make an appointment at 473-4287. The
Center has experienced and well-trained tutors in most subject areas to help
students who are struggling in a course or who are doing well and would like to
do better. Regular weekly tutoring sessions are likely to improve your grade.
Statement
of Plagiarism:
If an instructor or other Calumet College of St.
Joseph personnel find that a student has plagiarized or been involved in
another form of academic dishonesty, the instructor or other personnel may
elect to bring the matter up for judicial review. The maximum penalty for any form
of academic dishonesty is dismissal from the College. The procedures for
judicial review are listed under the section of CCSJ handbook that addresses
student grievances. (Academic Planner 2001/2002 p.27)
Citation
Guidelines:
Calumet College
of St. Joseph adheres to citation guidelines as prescribed by the particular
discipline (i.e., MLA, APA, Chicago Manual of Style, or Turabian.). All of these guidelines are available in the
Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of
sources, including electronic media.
Withdrawal
from Classes Policy:
After the last
day for class changes has passed (see College calendar), students may withdraw
from a course in which they are registered with permission from the faculty
member conducting the course. A written request detailing the reason(s) for the
withdrawal must be filed with the Registrar. Written request for withdrawal
must be received by the Registrar by the last day of classes prior to the final
examination dates specified in the catalogue. Written requests may be mailed to
the Registrar or faxed to the College fax number 219-473-4259. Students are to
make note of the refund schedule when withdrawing from courses. The request is
forwarded to the faculty member, who makes the final determination to accept or
deny the request. If the request is honored, the student will receive
notification of official withdrawal; if denied, the notification will indicate
why the withdrawal is disallowed. Note: Degree Completion Division (DCD)
students should consult the DCD Student Handbook for information on DCD
withdrawals.
An official
withdrawal is recorded as a "W" grade on the student's transcript.
Dropping a course without written permission automatically incurs an
"F" grade for the course (see Refund Schedule).
Week Class Date Topic-Assignment
1 1/10 Introduction
Chapter
1
2 1/17 Chapter 1 Homework Due
Chapter
2, The Recording Process
3 1/24 Chapter 2 homework due
Chapter
3, Adjusting
Review
4 1/31 Chapter 3 homework due
Exam 1: Chapters 1 – 3
5 2/7 Chapter 4, Completion of Accounting Cycle
6 2/14 Chapter 4 homework due
Assign
first comprehensive
Chapter 5, Merchandise
7 2/21 No Class, work on comprehensive problem
8 2/28 Chapter 5 homework, due
Chapter
6, Inventories
First
Comprehensive due.
Review
9 3/7 Chapter 6 homework due
Exam 2 – Chapters 4, 5, 6
10 3/14 Chapter 7, Accounting Information Systems
11 3/21 Chapter 7 homework due
Chapter 8, Internal Control and Cash
Assign
Second comprehensive
12 3/28 Chapter 8, homework due
Chapter
9, Accounting for Receivables
13 4/4 Homework due chapter 9
Second
Comprehensive Due Review
14 4/11 Exam 3: Chapters 7, 8, 9