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Frederick
Community College ACCT 201-HYB1 INTERMEDIATE ACCOUNTING I FALL
2010
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Class begins: 8/24/10 |
Class ends: 12/8/10 |
Last Day to Withdraw: 11/1/10 |
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Instructor
Information: |
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Name: Brad Burtner, CPA |
Office: B 216 A |
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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. 9:15
-11:00am Tuesday 7:00
- 7:45pm Thursday 1:45
- 2:30pm Other times by appointment |
Campus
Mail Box #: 231 |
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Course
Information: |
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Credits: 4 |
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On-campus
Meetings: 15 |
On-campus
Exams: 2 |
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Prerequisites: ACCT 100 & 101, ACCT 101 &
102 |
Co-requisites: None Meeting Day
& Time: Tuesday 7:45 -9:50pm |
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Course
Description: |
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Review of accounting procedures, working
papers and financial statements. Other
topics include: net income concepts, balance sheet concepts, cash flow
concepts, generally accepted accounting principles, detailed coverage of
accounting applications pertaining to Cash, Receivables, and Inventories. |
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Core
Learning Outcomes: |
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Upon
completion of this course students will demonstrate 1. Perform and apply steps of the accounting cycle 2. Identify, measure, and analyze events and
activities in accordance with generally accepted accounting principles. 3. Identify the presentation and disclosure of
financial data within the financial statements. 4. Prepare Financial Statements. 5. Identify, measure and analyze operating, investing,
and financing activities. |
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Instructional
Methods: |
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1. Lectures & Chalkboard Illustrations 2. Class Participation and Discussion 3. Problem Solving 4. Blackboard Online Tools |
Course organization:
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The
course is a Hybrid, which is a combination of live classroom instruction with
Blackboard online learning tool. BOTH parts are an integral part of the total class. Within Blackboard you will prepare for
and complete exams, and homework assignments, there is some overlap with the
live classroom instruction and Blackboard learning tool to points earned,
especially for exams. Note:
The following are the online and on-campus activities that are
performed for each chapter and week during the semester. Since they are repetitious and voluminous,
they will not be repeated each week on the Topical Outline. ONLINE
ACTIVITY Students
should become familiar with the structure, format, and organization of the
Blackboard learning tool. The more
familiar you are the more efficient you will be. Once you know what is included in
Blackboard, you can decide what works best with your learning style.
ON-CAMPUS
ACTIVITY During required class sessions there
will be follow up question discussions and feedback, problem-solving
techniques and demonstrations, and other relevant learning activities helpful
for exams and projects. Students
taking this course are self-learners
and are motivated to complete and
submit assignments on time. 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. 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. |
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Text(s)
and Course Materials: |
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INTERMEDIATE
ACCOUNTING – Principles and Analysis
2e: by Warfield, Weygandt, and
Kieso; John Wiley & Sons, Inc, 2008.
ISBN#: 978-0471737933 |
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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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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. |
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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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Participation
Policy: |
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To
maintain the highest quality of academic work, students are expected to
participate fully in all course activities. Each student is expected to
attend all class sessions and
complete all online assignments. 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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Email
Policy: |
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Please
notify me immediately of any change in E-Mail address. |
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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. 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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Work in this course is subject to the provisions of the
FCC Code of Academic Integrity. Plagiarism in any form will not be tolerated.
As a student, it is your job to practice academic honesty at ALL times. Make sure that all sources, particularly
Internet sources, get proper credit for quotations, paraphrases, and ideas. More
information about this and the Student Conduct Code are available at http://www.frederick.edu/student_services/studentpolicies.aspx |
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You must send your Academic Integrity Pledge to the instructor.
The form is available at http://courses.frederick.edu/_utilities/regform.htm |
Topical
Outline
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Week |
Subject & Content |
ONLINE
ACTIVITY |
ON-CAMPUS
ACTIVITY |
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1 |
Chapter
1-Financial Accounting & Accounting Standards Financial Statements & Financial
Reporting Parties
involved in Standard Setting Generally
Accepted Accounting Principles (GAAP) Issues
in Financial Reporting Chapter 2-Conceptual Framework Underlying
Financial Accounting Conceptual Framework First Level: Basic Objectives Second Level: Fundamental Concepts Third Level:
Recognition & Measurement Concepts |
See Course Organization above. This cross-reference will not be repeated
each week. |
See Course Organization above. This cross-reference will not be repeated
each week. |
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2 |
Problem
–solving: AIA1-13
& 14 (page 27 & 28) E2-2,
4, 7, & 8 (page 65-68)
Chapter 3-The Accounting Information
System Accounting Information System The Accounting Cycle Using Reversing Entries Using a Work
Sheet |
Introduction
Assignment Deadline 9/1
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3 |
Problem –solving:
E3-3, 7, 10, 19, & 20 P3-3, 5, & 9 |
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Project I |
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4 |
Chapter
4-Balance Sheet Usefulness & Limitations of Balance
Sheet Classification in the Balance Sheet Additional Information Reported Techniques of Disclosure |
Project I
Deadline |
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5 |
Problem-Solving: E4-1, 2, 3, 6, & 14 P4-1 & 6 |
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Chapters 1-4 |
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Exam I will be taken
in the FCC Testing Center, within
Blackboard. |
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6 |
Special
Note: Be sure you are aware of your
progress at this point of the semester. Chapter
5- Income
Statement and Related Information Usefulness and
Limitations of Income Statement Format of the Income Statement Reporting Irregular Items Special Reporting Issues |
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7 |
Problem-solving: E5-1, 9, 10, & 12 P5-3, 4, 5, & 6 Chapter
6 & Appendix B- Statement of Cash Flows Usefulness
& structure of Statement of Cash flows Operating Activities Direct vs. Indirect Formats Investing Activities Financing Activities Preparation of Statement of Cash Flows Worksheet
vs. T-Account Approaches Using Cash Flows to Evaluate a Company
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8 |
Problem-solving: E6-1, 2, & 3 P6-1, & 8 Preparation of Statement of Cash Flows:
T-Account Approach EB-3, 4, & 12 PB-1 |
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Project II |
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9 |
Chapter
7- Revenue
Recognition The
Current Environment Revenue
Recognition at Point of Sale (Delivery) Revenue
Recognition before Delivery Revenue Recognition after Delivery
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10 |
Problem-solving: E7-1, 4, 8, 11, 13 & 14 P7-3, 7, & 9 |
Project
II Deadline |
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Last date to drop the class or switch to audit |
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11 |
Chapter 8- Cash &
Receivables Section
1: Cash
What is Cash? Management & Control of Cash Reporting Cash Summary of Cash-Related Items Section 2: Receivables Recognition & Valuation of Accounts
Receivable Recognition & Valuation of Notes
Receivable Disposition of Accounts & Notes
Receivable Presentation & Analysis |
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12 |
Problem-solving: E8-1,
5, 9, 25, & 27 P8-1, 2, 3, & 14 |
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*** |
Chapters
5-8 & appendix B |
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Exam
II will
be taken in the FCC Testing Center, within
Blackboard. |
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13 |
Chapter
9 - Accounting for
Inventories
Inventory
Classification & Systems Basic
issues in Inventory Valuation Special
Issues Related to LIFO Lower
of Cost of Market Presentation
& Analysis Gross Profit Method (Appendix 9A) |
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Project III |
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14 |
Problem-Solving: E9-1, 6, 10, 21, 23, 25, & 26 P9-1 & 4 |
Project III
Deadline |
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THANKSGIVING
BREAT NOV. 25-28
COLLEGE CLOSED |
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Chapter
9 |
EXAM III will be taken
on your computer. |
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15 |
Chapter
18- Final Review |
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Make-up
class if necessary |
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NOTE: Your instructor reserves the
right to make changes to this outline as needed. |