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Frederick
Community College ACCT101-
ONL1 Principles of Accounting I Summer
2011
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Class
begins: 6/6/11 |
Class
ends: 8/1/11 |
Last Day to Withdraw:
7/13/11 |
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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 in my office: Office Hours: By Appointment Only |
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 & Managerial Accounting Special Edition for Thomson Custom Publishing |
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Progress
Report: |
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By
the end of the fourth 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
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Week
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Subject and
Content ACTIVITY ONLINE |
ON-CAMPUS
ACTIVITY |
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1 |
Self Introduction Posted on Discussion Board Deadline –6/10 Introduction - Getting Started in Business What is business Forms of organization The nature of business activity 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 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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2 |
Practice Exam I – DEADLINE 6/21 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 |
Exam I on
Chapters 1-3 begins at FCC Testing Center on 6/22 |
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3 |
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 6/29 |
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4 |
Practice Exam 2 – DEADLINE 7/5 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 Chapter 7-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 Be sure you know your progress at this point of the semester. |
Exam II on
Chapters 4, 6, &7 begins at FCC Testing Center on 7/6 |
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5 |
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 7/13 |
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Last date to drop the class or switch to audit 7/13 |
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6 |
Project Due – DEADLINE 7/20 Chapter 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 |
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7 |
Practice Exam III – DEADLINE 7/26 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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8 |
EXAM III – Chapters 3,
5, 8, & 9 - DEADLINE 8/1 |
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