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ACCT100 - Accounting I

Course Details

Course Code: ACCT100 Course ID: 2893 Credit Hours: 3 Level: Undergraduate

Introduction to the purposes of financial accounting statements and the recognition, measurement, and disclosure concepts and methods underlying financial statements. The course focus is on using and interpreting financial statements and on understanding the impact of transactions on assets, liabilities, revenues, and expenses. (Prerequisite: MATH110)





Prerequisites

Course Schedule

Registration Dates Course Dates Session Weeks
12/31/18 - 05/31/19 06/03/19 - 07/28/19 Spring 2019 Session D 8 Week session
01/28/19 - 06/28/19 07/01/19 - 08/25/19 Summer 2019 Session B 8 Week session
02/25/19 - 08/02/19 08/05/19 - 09/29/19 Summer 2019 Session I 8 Week session
03/25/19 - 08/30/19 09/02/19 - 10/27/19 Summer 2019 Session D 8 Week session
04/29/19 - 10/04/19 10/07/19 - 12/01/19 Fall 2019 Session B 8 Week session
05/27/19 - 11/01/19 11/04/19 - 12/29/19 Fall 2019 Session I 8 Week session

Current Syllabi

After successfully completing this course, you will be able to:

  • CO1. Apply basic financial accounting concepts and principles that make up GAAP to an organization’s financial transactions.
  • CO2. Compare and contrast accrual and cash basis accounting.
  • CO3. Describe the components of an effective internal control system.
  • CO4. Illustrate the use of proper accounting techniques for merchandising operations, cash and receivables, liabilities, long-­‐-­‐-­‐term assets, payroll, and contributed capital.
  • CO5. Compute key financial accounting ratios used to interpret the characteristics of financial statements.
  • CO6. Produce the four basic financial statements and post-­‐-­‐-­‐closing trial balance by following the six steps in the accounting cycle.

Method of Assessment

A.Tests & Paper

There will be two (2) tests in the course, a midterm and a final given in modules four and eight respectively. The tests in this class will consist of multiple choice questions and/or short answer problems. Tests will be three hours long and focus on the material covered in the course. Tests may be administered using the Examity test proctoring service. Please verify in the course announcements and/or the Lessons tab if the course will use test proctoring. It is the student’s responsibility to notify the instructor and the test proctoring service regarding any schedule changes or non- disability related accommodations. The course will have a comprehensive paper that will measure student understanding of the course objectives along with researhc and writting skills. Please refer to the APA Manual 6th edition for the format of the paper.

B.Assignments:

Course assignments will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.). These assignments will be a series of quizzes consisting of exercises, problems, and simulations. Assignments will have a specific due date with specific instructions. Late assignments will be subject to the university’s Late Work/Make-up Policy detailed in the student handbook. Please be advised the instructor reserves the right to implement their own late assignment policy.

C.Homework:

Throughout the term, homework will be given in several modules to test student understanding of the material. Homework will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.) and consist of questions, problems, or simlations. Please be advised the instructor reserves the right to implement their own late assignment policy.

D.Discussion Forums:

Participation in the discussion forums is an essential component of the final grade. All students are expected to engage in lively discussions and answer instructor follow-up questions. The quality of participations along with student netiquette will be a part of the grade.

Assessment of the Course Objectives

Course Objective(s)

Assessment Method(s)

1 - 6

Test question, paper, assignment, discussion, and homework

The following distribution will be used in assigning grades (decimal points will be rounded to the nearest whole number at semester’s end).

Grade

Quality Points/Grading Percent

A

4.0/ 100 – 94

A-

3.67/ 93 – 90

B+

3.33/ 89 – 87

B

3.0/ 86 – 84

B-

2.67/ 83 –80

C+

2.33/ 79 – 77

C

2.0/ 76 – 73

C-

1.67/ 72 – 70

D+

1.33/ 69 – 67

D

1.0/ 66 – 64

D-

0.67/ 63 – 60

F

0.0/ 59 – 0

NameGrade %
Forums 10.00 %
Week 1 Forum 1.25 %
Week 2 Forum 1.25 %
Week 3 Forum 1.25 %
Week 4 Forum 1.25 %
Week 5 Forum 1.25 %
Week 6 Forum 1.25 %
Week 7 Forum 1.25 %
Week 8 Forum 1.25 %
Homework 20.00 %
Week 1 Homework 3.33 %
Week 2 Homework 3.33 %
Week 3 Homework 3.33 %
Week 5 Homework 3.33 %
Week 6 Homework 3.33 %
Week 7 Homework 3.33 %
Assignments 30.00 %
Week 1 Assignment 5.00 %
Week 2 Assignment 5.00 %
Week 3 Assignment 5.00 %
Week 5 Assignment 5.00 %
Week 6 Assignment 5.00 %
Week 7 Assignment 5.00 %
Final Assessment 10.00 %
Week 8 Paper 10.00 %
Tests & Quizzes 30.00 %
Midterm 15.00 %
Final 15.00 %

Websites and Videos

In addition to the required course texts, the following public domain Websites are useful. Please abide by the university’s academic honesty policy when using Internet sources.Note website addresses are subject to change.

  • McGraw Hill Connect
  • American Psychological Association (APA) Style Website
  • Purdue Online Writing Lab
  • YouTube Video on Formatting an APA Style Paper
  • Microsoft Office Training Website
  • YouTube Videos on Microsoft Excel for Beginners
  • Turnitin Website
  • YouTube Video Accounting Lectures by Susan Crosson
  • principlesofaccounting.com
  • NetMBA.com
Book Title:Financial and Managerial Accounting, 7th Ed. - VitalSource e-book & Connect provided inside the classroom
ISBN:9781259726705
Publication Info:VS-McGraw-Hill
Author:John Wild and Ken Shaw and Barbara Chiappetta
Unit Cost:$346.67
Electronic ISBN:9781260004915
Electronic Unit Cost:$45.00

Previous Syllabi

Not current for future courses.