ACCT101- ONL1 Principles of Accounting I
Summer
2009
Instructor
Information:
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Name: Brad Burtner, CPA |
Office: L101H |
|
E-mail:
bburtner@frederick.edu |
Phone
Number: 301-846-2545 |
|
Office Hours: By Appointment Only |
Campus Mail
Box Number: 108 |
Course Information:
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Credits: 3 |
Last Day to
Drop: July 8, 2009 |
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Prerequisites: EN 50 & 51 or ESL 94 & 97 |
Co-requisites: None |
|
Meeting
Day(s): Anytime |
Meeting
Time(s): Anytime |
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. |
Core
Learning Outcomes:
By
the completion of the course students will:
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1. Perform and apply the steps of the
accounting cycle. |
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2. Identify, measure, and analyze events and
activities in accordance with generally accepted accounting principles. |
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3. Compare and contrast characteristics of
different forms of Business Organizations. |
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4. Identify proper presentation and disclosure
of financial data within the financial statements. |
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5. Interpret financial statements for
decision-making. |
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1. Independent and/or group problem
solving/research activities 2. Class discussions & communication via
Discussion board & E-mail. |
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Required: Financial & Managerial Accounting Special Edition for Thomson Custom
Publishing |
Exams / Projects
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Point Value
|
Final Grade
Scale |
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Exam I
Chapters 1 – 3 Exam II Chapters 4, 6, & 7 Exam III
Chapters 5, 8, Chapter 9 (Time Value
of Money only) and Chapter 3
Appendix |
100 100 100 |
A = 360 – 400 points B = 320 - 359 points C = 280 - 319 points D = 240 - 279 points F = Below 240 points |
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Project |
50 |
|
|
Practice Exams |
40 |
|
|
Self
Introduction |
10 |
|
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TOTAL POINTS
AVAILABLE |
400 |
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Examination/Project
Policy:
|
All exams and
projects must be taken or turned in when scheduled unless prior notification
is received and approved. Failure to
notify the instructor in advance may result in penalties being assessed at
the instructor's discretion. Exams are
taken on Blackboard and graded immediately.
Projects will be graded within one week of submission. |
|
Students will
receive graded assessments to measure their progress, by the sixth week of
the class. Students have continuous
access to their grade within (Grades/Tools). |
|
Please
notify me immediately of any change in E-Mail address, Phone number(s),
residence address, or any other means of contact. |
Instructor
Availability:
|
I am available
for office hours only by appointment.
I invite you to please contact me several days in advance if you wish
to make an appointment. I will do my
best to be available to assist you.
The best way to contact me is via E-mail. I check my E-mails and Discussion Board
threads daily. I will reply within 24
hours. |
Instructional
Philosophy:
|
This
summer course is a very rapid pace. 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. 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. |
Students
with Disabilities:
|
FCC
provides reasonable accommodations to otherwise qualified students with
disabilities in accordance with the Americans with Disabilities Act of 1990
(ADA) and Section 504 of the Rehabilitation Act of 1973 (Section 504) and
amendments. Students with disabilities
who are in need of accommodations must contact the Services for Students with
Disabilities (SSD) office at 301-846-2408 (A Building, Room 106A) in order to
request and apply for services. The
SSD office will require appropriate documentation of a disability. Questions related to accommodations or
services can be directed to the SSD office.
Additional information related to services can be viewed at the
following FCC web page: http://www.frederick.edu/student_services/disability.aspx. If
you currently receive services from the SSD office, please submit your
Student Success Plan to me and make an appointment with me to discuss your
accommodations and needs in class. I
will hold any information you share with me in strict confidence unless you
give me permission to do otherwise. |
Week
|
Chapter
|
Subject and Content
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1
|
Introduction 1 2 |
Self
Introduction Posted on Discussion Board Deadline 6/9
Getting
Started in Business What is
business Forms of
organization The nature of
business activity 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 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 |
2
|
3 |
Practice
Exam I – DEADLINE 6/10 Project
work- Selection of company and Annual Report 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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3
|
1 – 3
4 |
Exam
I – DEADLINE 6/17 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
|
4
|
6 7 |
Practice
Exam II – DEADLINE 6/24 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 Investments
and Receivables Accounting for
investments Investments in
highly liquid financial instruments Investments in
stocks and bonds Accounts
receivable Notes
receivable Accelerating
the inflow of cash from sales Ratios for
decision making |
5
|
4, 6, & 7
5 |
Exam
II – DEADLINE 7/1 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
|
6
|
8
***** |
Operating Assets:
Property, Plant and Equipment, Natural Resources, 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 Project
Due – DEADLINE 7/8 |
7
|
9 3 |
Practice
Exam III – DEADLINE 7/15 Time
Value of Money (only) Simple and
compound interest Single amount
and annuities Present value
and future amounts Appendix
– Accounting Tools: The Double Entry System The T account Debits and
credits
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8
|
5, 8, 9, & 3
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EXAM III – DEADLINE 7/22
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