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Frederick Community College ACCT101-
ONL1 Principles of Accounting I SPRING 2012
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Class
begins: 2/1/12 |
Class
ends: 5/16/12 |
Last Day
to Withdraw: 4/16/12 |
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Instructor
Information: |
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Name: Brad Burtner, CPA |
Office: B216A |
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E-mail: bburtner@frederick.edu |
Phone
Number: 301-846-2545 |
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Contact
Hours: email and
by appointment for in-person meeting if the following times do not
suit your schedule: Office Hours: Tues.
& Thurs. 9:30 -11:00am Tuesday 1:45 2:15 pm & 7:15 - 7:45pm Wednesday 4:30 5:00 pm & 7:05 7:35 pm Other
times by appointment |
Campus
Mail Box #: 231 |
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Course
Information: |
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Credits: 3 |
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On-campus
Meetings: None |
On-campus
Exams: 2 |
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Prerequisites: EN 50 & 51 or ESL 94 & 97 |
Corequisites: None |
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Course
Description: |
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Introduces
the principles and procedures related to accounting theory and practice. The analysis of transactions under
generally accepted accounting principles (GAAP) and their relationship to the
financial statements are covered from a user's perspective. |
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Core
Learning Outcomes: |
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Upon
completion of this course students will demonstrate 1. Perform and apply the steps of the
accounting cycle. 2. Identify, measure, and analyze events and
activities in accordance with generally accepted accounting principles. 3. Compare and contrast characteristics of
different forms of Business Organizations. 4. Identify proper presentation and disclosure
of financial data within the financial statements. 5. Interpret financial statements for
decision-making. |
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Instructional
Methods: |
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1. Students are expected to comprehend the
textbook concepts and understand end of chapter assignments. 2. Independent and/or group problem
solving/research activities 3. Class discussions & communication via
Discussion board & E-mail. |
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How is this course organized:
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Students
are responsible for all the information in the first nine chapters unless
stated otherwise. Students taking this
course are self-learners and are motivated to complete and submit
assignments on time. Think of me
as a guide, to get you through the class.
All the resources at FCC are available to you. Everyone at FCC wants you to be successful. I
believe this on-line learning environment can be positive and enriching. However, this requires interaction between
everyone. I expect students to solve
problems among themselves with only guidance from me. I strongly encourage everyone to voluntary
interact within the Discussion Board.
Sharing our ideas by posting threaded discussions will help all of us
learn. It is
imperative you continuously work on this course. If something occurs and you are at a
standstill, read your book, or apply other learning activities, to avoid
getting behind. There is always
something you can do Stay busy. |
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Text(s)
and Course Materials: |
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Required: Financial (7ed.) & Managerial
Accounting Special Edition for
Frederick Community College, Porter, Norton, Jackson, and Sawyers Thomson
Custom Publishing It
is a custom loose leaf book (2ed,) that you will not be able to sell back to the book store, so use is as a tool,
write in it. You may want to include
only the chapters for the current exam in a smaller binder. |
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Progress
Report: |
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By
the end of the sixth week of the semester, you will have an opportunity to
evaluate your progress in this course and decide if you need to make any
adjustments (additional study, tutoring, conference with instructor) to
assure your success in this course. |
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Evaluation
Methods: |
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If
the graded performance for online assignments differs significantly from the
grade average for proctored assignments, the instructor reserves the right to
administer additional tests. |
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Participation
Policy: |
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To
maintain the highest quality of academic work, students are expected to
participate fully in all course activities. In
case of serious illness, emergency, religious holidays, or participation in
official college functions, students remain responsible for completing the
requirements of the course. |
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Student
Services |
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A variety of services are available to
assist students in succeeding at FCC. Students can learn more about these
services by visiting the Student Services web page: http://www.frederick.edu/student_services/index.aspx. Students
with disabilities
who are in need of accommodations or who have questions related to
disabilities services should contact the Services for Students with
Disabilities (SSD) office at 301-846-2408. Students can learn more about
these services by visiting the Services for Students with Disabilities web
page: http://www.frederick.edu/student_services/disability.aspx. |
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Email
Policy: |
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Email
is an instructional tool essential to student-instructor and student-student
communication. In the Blackboard environment by default, your email address
is available to all students in this course.
However, students are permitted to use email addresses of other
students in this course only for the purpose and the duration of this course. All students will receive and be
expected to use their FCC email address for their correspondence with faculty
and staff at the college. Students can
establish and access their FCC email accounts at the login page:
https://myfcc.frederick.edu. Students
who are concerned about the privacy of their personal email address are
reminded of commercially available products that allow them to create unique
email addresses specifically for the purpose and duration of this course. The
instructor can be expected to respond to regular student email inquiries
(grades, posted assignments, and tests excluded) within the time frame of 24
to 48 hours. |
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Academic
Integrity: |
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Students are required to uphold the Code of
Academic Integrity and the Code of Student Conduct. Students who violate
either of these codes may receive a failing grade in the class. Information about these codes and other
student policies, procedures, and penalties is available on the Student
Policy and Procedures web page at |
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http://www.frederick.edu/student_services/studentpolicies.aspx You
must send your Academic Integrity Pledge to the instructor. The form is
available at http://courses.frederick.edu/_utilities/regform.htm |
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Topical Outline
Every effort will be made to keep to this schedule;
however, the instructor reserves the right to alter or amend it as necessary. |
Week
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Subject and
Content ACTIVITY ONLINE |
ON-CAMPUS
ACTIVITY |
Minimum class time estimate |
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1 |
Self
Introduction Posted on Discussion Board Chapter
1-Accounting as a Form of Communication What
is accounting Users
of accounting information Financial
statements: How accountants communicate The
conceptual framework: Foundation for financial statements The
accounting profession |
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Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources and
assignments. 7.64
hours per week estimated average time Introduction
Assignment 1 hour |
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2 |
Self
Introduction Posted on Discussion Board Deadline Chapter
2-Financial Statements and the Annual Report Objectives
of financial reporting What
makes accounting information useful The
classified balance sheet The
income statement The
statement of retained earnings The
statement of cash flows |
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Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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3 |
Project work-
Selection of company and Annual Report Chapter
3-Processing Accounting Information What
external decision makers want to know Economic
events: the basis for recording transactions The
account: the basic unit for recording transactions Processing
accounting information |
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Project
Company selection - Estimated time 1 hour Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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Practice Exam
I DEADLINE |
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Practice
Exam Assignment 2 hours |
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4 |
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Exam I on
Chapters 1-3 begins at FCC Testing Center |
Review/study
each 3 chapter unit estimated time 2 hours |
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5 |
Chapter
4-Income Measurement and Accrual Accounting What
external decision makers want to know Recognition
and measurement in financial statements The
accrual basis of accounting Accrual
accounting and adjustments |
Exam I
DEADLINE |
Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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6 |
Continued
& Homework Review |
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Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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*** |
Be
sure you know what your grade is at this point in the semester, or contact
your instructor. See your Grade book
in Bb. |
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7 |
Chapter 6-Cash
and Internal Controls What
external decision makers want to know What
constitutes cash Control
over cash An
introduction to internal controls Computerized
business documents and internal control |
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Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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*** |
Spring
Break: No classes, college open
College closed |
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8 |
Continued
& Homework Review Chapter 7-
Receivables and Investments Accounts
receivable and valuation Notes
receivable Accelerating
the inflow of cash from sales Ratios
for decision making Accounting for investments Investments
in highly liquid financial instruments Investments
in stocks and bonds |
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Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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Practice Exam
II DEADLINE |
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Practice
Exam Assignment 2 hours |
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9 |
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Exam II on
Chapters 4, 6, &7 begins at FCC Testing Center |
Review/study
each 3 chapter unit estimated time 2 hours |
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10 |
Chapter
5-Inventories and Cost of Goods Sold The
nature of inventory The
income statement for a merchandiser Net
sales of merchandise The
cost of goods sold Inventory
valuation and the measurement of income Selecting
an inventory costing method Ratios
for decision making |
Exam II
DEADLINE |
Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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Last date to
drop the class or switch to audit |
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11 |
Project -
DEADLINE |
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Project
- Requirements Estimated time 5.9 hours |
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12 |
Chapter
8-Operating Assets: Property, Plant and Equipment, and Intangibles Operating
assets: property, plant and equipment Operating
assets: natural resources Operating
assets: intangible assets How
long term assets affect the statement of cash flows Analyzing
long term assets Ratios
for decision making |
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Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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13 |
Chapter 9-Time
Value of Money (Only) Simple
and compound interest Single
amount and annuities Present
value and future amounts Chapter
3-Appendix Accounting Tools: The Double Entry System The
T account Debits
and credits |
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Chapter
reading and at home note taking (3 times) Textbook
Homework assignments, vocabulary study and work key terms quiz. Power point slides, Blackboard resources
and assignments. 7.64
hours per week estimated average time |
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14 |
Practice Exam
III DEADLINE |
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Practice
Exam Assignment 2 hours |
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15 |
EXAM III DEADLINE |
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Review/study
each 3 chapter unit estimated time 2 hours |
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