SYLLABUS FOR PRINCIPLES
OF ACCOUNTING I
Term: Fall, 2004 (041) (August
30 - December 10)
Course Number: ACC 210X
Instructor: Mr. George Grzesiowski MBA/CPA
Assistant Professor in Accounting and Management
Office Phone: 219-473-4283
E-mail: ggrzesiowski@ccsj.edu
Home Phone: 219-362-1696
E-mail: grzz@csinet.net
Cell: 219-716-5002
Office Hours:
|
Monday |
3:30 – 7:00 PM |
|
Tuesday |
10:30 – 11:30 AM |
|
Wednesday. |
12:00PM - 5:00PM |
|
Thursday |
3:30 – 5:00 PM |
|
Friday |
10:30 – 11:30 AM |
Course Description: This course prepares 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,
7th edition, Wiley 2005.
Working Papers
Assessment:
Exams (3 exams) 60% of grade
Class participation/attendance 10% of grade
Homework problems 20% of grade
Comprehensive problems (2) 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.
The student is expected to treat the instructor and his/her fellow students with respect and courtesy at all times. This means giving your full attention. No private conversations, no catching up on homework assignments, no naps. Such items can and will affect your participation points.
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.
Please note: Calumet College of St. Joseph subscribes to
Turnitin.com and all papers can and may be submitted for checks on plagiarism
from the Internet/Electronic sources/Databases.
Citation Guidelines:
Calumet College of St. Joseph adheres to
citation guidelines as prescribed by the particular discipline (i.e., MLA, APA,
and 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. The Registrar must receive written request for
withdrawal 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.
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 M8/30 Introduction
Chapter
1, Accounting in Action
2 M9/6 Labor
Day Holiday – No Class
3 M9/13 Chapter
1 Homework Due
Chapter 2, The Recording Process
4 M9/20 Chapter
2 homework due
Chapter
3, Adjusting
5 M9/27 Chapter
3 homework due
Review
chapters 1, 2, 3
6 M10/4 Exam 1: Chapters 1 – 3
7 M10/11 Chapter
4, Completion of Accounting Cycle
Assign
first comprehensive
8 M10/18 Chapter
4 homework due
Chapter 5, Merchandise
9 M10/25 Chapter
5 homework due
Chapter
6, Inventories
First
Comprehensive due.
Review
10 M11/1 Chapter
6 homework due
Exam 2
– Chapters 4, 5, 6
11 M11/8 Chapter
7, Accounting Information Systems
Assign
Second comprehensive
12 M11/15 Chapter
7 homework due
Chapter
8, Internal Control and Cash
13 M11/22 Chapter
8 homework due
Chapter 9, Accounting for
Receivables
14 M11/29 Chapter
9 homework due
Second
Comprehensive Due
Review
chapters 7, 8, 9
15 M12/6 Exam 3: Chapters 7, 8, 9