151A Introduction to Accounting Course Syllabus

151A Introduction to Accounting Cabrillo College, Spring 2012 Instructor: Michael G. Booth

Course Description

This course is an introduction to practical accounting, terminology, and the complete accounting cycle from

documentation through journals, ledgers, and financial statements for both service and merchandising companies.

Course is designed specifically for careers in the field of private and public accounting, as well as business

owners/managers who wish to prepare or understand the implications of accounting statements/transactions.

Objectives:

Recognize various forms of business organization; sole proprietorship, partnership and corporation

Show the use of accounting equation, T accounts, and double entry accounting system, journalizing

and posting

Explain trial balance, income statement, owner’s equity statement, and balance sheet and how to

create each financial statement

Utilize specialized journals and subsidiary ledgers, adjustments, corrections and reversing entries

Apply major federal/state laws pertaining to payroll, and taxes, and supporting accounting

transactions

Critically assess, identify and execute the accounting cycle and each of the steps in the accounting

period

Student Learning Outcomes (SLO)

Students should be able to:

Assessment 1

-Use accounting equation, create T accounts, prepare trial balance, income statement, owner’s equity statement and

balance sheet for a sole proprietorship service business

Assessment 2

-Use double entry accounting system to journalize, post, make corrections, adjustments, and create :income

statement, owner’s equity statement, balance sheet and close for a sole proprietorship service business

MiniProject 1

- Journalize, post, adjust, and correct using double entry accounting system for a service business and create income

statement, owner’s equity statement, balance sheet and close accounting period.

Assessment 3

- Create transactions using sales journal, purchase journal, cash receipts journal, and subsidiary ledgers to create

financial statements for a merchandising business and close

Assessment 4

- Understand/apply major federal/state laws related to payroll, payroll taxes, and make corrections, adjustments,

reversing entries to complete classified financial statements in addition to post closing traial balance for merchandise

business

MiniProject 2

- Complete the accounting cycle; journalize, post (compound/single transactions), adjust, and correct using

specialized journals, journal, subsidiary ledger, ledger; including payroll, taxes to complete classified financial

statements.

- Prepare and make reversing entries and create post closing trial balance

Textbooks and Supplies

Text:

College Accounting, 13th Edition with Home Depot Annual Report by Price, Haddock and Brock ISBN: 9780077504052

Copyright year: 2012.

In addition, College Accounting Chap 1-30 S.G. & WK PAP , ISBN:9780077430573 Copyright year: 2012.

Required Course Materials:

Handheld calculator

User Name and Password in the Computer Technology Center OR off-campus access to the Internet

Print Card, if using the Computer Technology Center

SCANTRON input answer sheets, Form No 882-E (will be needed for each assessment)

Course Requirements

Since each person has valuable life and vocational experiences to share, attendance is extremely important and

creates a more interesting and dynamic class. Many class discussions will be related to the homework assignments;

therefore, it is expected that students will attend and participate in all class sessions with all assignments prepared

professionally and accurately. You are expected to attend class, and successfully achieve the student learning

outcomes for each major milestone of the course. The student is responsible for all material covered in class, late

assignments will not be accepted. Material covered in class may not be in the textbook, and could be included in

exams. If you are not present when materials are discussed, assigned or distributed in class, it is your responsibility to

obtain materials from other members of the class.

Classroom Student Responsibilities:

The conduct in the classroom will be in accordance with the Cabrillo Student Rights and Responsibilities , AR 6110,

Revised September 2006. In addition, there will be NO allowance for cheating. The first incident of cheating will result

in an immediate “F”, the second will result in immediate removal from the course. “This is a learning environment,

the best learning occurs through mistakes, and therefore at all times the work during the course should be from the

student.”

Cooperative Learning:

To respect our right to the best possible learning environment, classroom disruptions will not be tolerated, please:

Turn Off cell phones, pagers, etc before class (or as a minimum have on silent, vibrate mode. No text

messaging is allowed during class. Text messaging will result in dismissal from class session, and recorded as

an absence/non-participation.

If you arrive late or leave early, sit near the door

Do NOT carry on side conversations when I, or others are speaking

Eat before or after—not during class (only water is allowed in the classroom)

Attendance Policy:

Per Cabrillo College Academic Policies and Procedures: “Students are expected to attend all classes and use the on-

line labs via WebCT Blackboard learning systems. Students who are absent because of illness should personally

contact the instructor. Illness related absences do not relieve students from the responsibility of making up any work

missed. It is the responsibility of the student to obtain information from the on-line course syllabus schedule, and

WebCT Blackboard learning systems concerning missed work and see that it is completed and turned in on time or

within a the timeframe set by the instructor and the student.

Class hours of absence are considered excessive when they total more than the number of hours of full-time class

meets during each week of the 16 week semester. Excessive absence from class will constitute reason for the

instructor to drop a student from the class. However, it is the student’s responsibility to officially withdraw from the

class by published deadlines to avoid failing grades.”

Attendance/Participation:

This course requires active participation each day of class so it is important for you to attend every class session,

arrive on time, and come prepared. Your participation not only enhances your own learning, it benefits other

students in the class, especially when the class is doing group work.

Your level of participation is reflected in your grade and since you can’t participate if you are not in class, absences

will also be reflected in your grade.

Attendance at First Class Meeting

Per Cabrillo College Academic Policies and Procedures:

“Students who do not attend the first class meeting may be dropped and their seats filled by other students on the

waiting list. If a student is unable to attend the first class meeting, but attends another section or makes other

accommodations with the instructor, it is his/her responsibility to notify the instructor personally or in writing prior.

Students should not, however, assume that they will be dropped. It is the student’s responsibility to officially drop a

course using WebAdvisor online registration. If the instructor does drop the student from the class, there is no

automatic refund or reversal of charges. The student must drop by the deadline during he first two weeks of

instruction for the full-term class.” No exceptions will be made to this policy.

Consequences for Disruptive Behavior:

First incident (not severe) – discussion and verbal warning

Second incident –

a) dismissed for the remainder of the class and possibly for the next class period.

b) A disruptive behavior report will be written and sent to the Dean of Student Services

c) Division Dean will be informed

d) a meeting during office hours will be required to write up an agreement on future behavior in class.

Third incident –

a) dropped from the class.*

b) Disruptive Behavior Report will be written and sent to the Dean of Student Services.

c) Division Dean will also be informed.

SEVERE CLAUSE – Severe acts of disruption, lack of respect, such as with the use of a racial slur or an issue of sexual

harassment or physical violence could be cause for an immediate drop from the class and a Disruptive Behavior

Report sent to the Dean of Student Services and other college and legal authorities.

Sexual Harassment Issues

Sexual harassment is against the law, against school board policy, is disruptive and not tolerated under any

circumstances in my class. Any student who feels he/she is being harassed in my class is encouraged to report the

situation to me immediately. Any student engaging in sexual harassment may be dropped from class and reported to

the Dean of Student Services for further disciplinary action, may include an investigation by law enforcement officials

as well as College officials.

Disabilities/Special Needs

Students needing accommodations should contact the instructor ASAP. As required by the Americans with Disabilities

Act (ADA), accommodations are provided to ensure equal opportunity for students with verified disabilities. If you

need assistance with an accommodation, please contact Disabled Student Services, Room 810, 479-6379, or Learning

Skills Program, 479-6220. A Learning Skills specialist is also available at the Watsonville Center Student Resource

Center, 477-5134.

Accommodations:

If you have difficulty seeing or hearing, or mobility difficulty, please let me know

so that you can be seated appropriately.

As small changes can make the difference between frustration and success, please let the

instructor know if you are having difficulty with the accessibility of materials or the class.

If you have an accommodations letter, please give the instructor a copy and meet with the

instructor to discuss any accommodations you need to be successful in this class.

Veterans Services Overview

Cabrillo College provides assistance in obtaining your educational goals:

Contact: Patricia Reyes, Veterans Certifying Official

Phone: (831) 477-5697

Location: Admissions & Records, Bldg. 100, Window 4...do not wait in line!

Academic Counseling

Personal Counseling

Special Programs

HOMEWORK/ASSESSMENTS:

Homework Problems:

Accounting is a “hands on” subject. You MUST complete the homework to thoroughly understand the concepts and

procedures.

Forms to complete these exercises and problems are provided in your Study Guide and Working Papers book. You will

be required to complete the exercises/problems using McGraw-Hill Homework Manager ™ (Note: see “Related

LINKS” section for URL connection and registration) which is an online interactive program that grades the homework

and gives immediate feedback.

These homework assignments represent the minimum requirement, completing the homework is critical for

success in completing the mini-projects and assessments. The tentative schedule, listed above, provides a

guideline when to complete the various assignments, actual dates completion dates will be updated in class.

Mini-Practice Sets

These are located in your text, at the end of Chapters 6 and 13. Working papers are included in your workbooks and

Excel template is available for each miniproject. Practice Set 1 Works with a service company for on month; Practice

Set 2 works with a merchandising company for one month. The full accounting cycle is completed for each set

(analysis, recording, adjusting, reporting). NEATNESS

counts. Staple the working papers in the same order they are present in the workbook. A stapler is NOT provided by

the instructor.

Excel Templates are provided on Blackboard Learning Systems (WebCT).

Mini-Project #1:

Check figures for Mini Project 1(page 186, College Accounting, 13e): (this is worth 75 points)

UnAdjusted Trial Balance Debit/Credit total: $216,200.00

Adjusted Trial Balance Debit/Credit Total: $216,383.00

Cash: $119,925.00

Net Income: $33,542.00

Instructions: Post Closing trial Balance for December 31, is on page 166

Mini-Project #2:

Check figures for Mini Project 2 (page 474, College Accounting, 13e: (this is worth 100 points)

UnAdjusted Trial Balance Debit/Credit total: $294,451.90

Adjusted Trial Balance Debit/Credit Total: $376,123.00

Cash: $48,330.40

Net Income: $17,728.30

Assessments:

Four Assessments will be given, including the Final assessment, plus two miniprojects. Assessments will consist

mostly of multiple-choice questions but may include matching, terminology, problem solving, computations,

journalizing, creation of statements, etc. See the Tentative schedule for exam dates. The exams will be separated

into chapters. Assessments are linked to Student Learning Outcomes listed on course home page. No make-ups will

be given for late exams. (Note: Exams will be given using Scantron Form 882-E, and will be in-class)

Final Assessment:

Note: The final exam will only cover Chapters 10-13. You will have 2 1/2 hrs to complete the exam. Exam will be

worth 50 points.

Group Work and Quizzes

Other group work, supplementary assignments, and short, quizzes may be given. These will be on BlackBoard

Learning System. No make up is available. Full participation is essential.

Tentative Schedule:

Please note: This is a summary of the tentative schedule and is subject to change during the semester. Changes will be

announced, posted on this website, and written on the whitboard at the begining of class when the change is announced.

Assignment due dates will be provided in McGrawHill CONNECT, and updated on the course website.

Please note – This is a summary of the tentative schedule. In the College Accounting text Ex=Exercise (2pt ea) ,

Pr=Problem(pts depend on complexity of problem), and CT= Critial Thinking(comprehensive problem with a minimum of 10

points).

These are located at the end of each chapter and are the match with the assignment in McGrawHill CONNECT. In addition, there

may be research and/or discussions topics, quizes, these will be assigned during class and updated on the Instructor Website and

Blackboard Learning Systems.

Week Date Topic Assignment Assignment

Due Date

1 Feb 7 Introduction Chap 1

Feb 9 Chapter 1/2 Ex 2-1 to 2-6, Ex 2-7 to 2-10

2 Feb 14 Chapter 2 Pr 2.1A, 2.3A, 2.4A,

Feb 16 Chapter 3 Ex 3-1 to 3-8

3 Feb 21 Chapter 3 Pr 3-1A, 3-2A, 3-3A,3-4A, 3-5A

Feb 23 Chapter 3 CT 3.1 Study for Assessment #1

4 Feb 28 Chapter 3/Review CT 3.1 Due. Start Reading Chapter

4

Mar 1 Assessment #1 Chap 1-3 Tuesday Night

Class (Feb 28)

5 Mar 6 Chapter 4 Ex 4-1 to 4-5

Mar 8 Chapter 4

Pr 4-2A, 4-3A

6 Mar 13 Chapter 5 Ex 5-1 to 5-4,

Mar 15 Chapter 5 PR 5.1A, Pr 5.4A

7 Mar 20 Chapter 6 Ex 6-1 to 6-7; Mini Project 1

Mar 22 Chapter 6 Pr 6-1A, 6-2A, 6-3A, Review

Problems in Class

MiniProject 1

8 Mar 27 Assessment #2 Chap 4-6

Mar 29 Chapter 7 Ex 7-1 to 7-10

Mini Project 1

9 Apr 3 Chapter 7 Pr 7-3A, 7-4A

Apr 5 Chapter 8 Ex 8-1 to 8-8

Spring Break April 9 - April 14

10 Apr 17 Chapter 8 Pr 8-1A, 8-4A

Apr 19 Chapter 9 (Cash Receipts) Ex 9-1, Pr 9-1A, Pr9-3A

11 Apr 24 Chapter 9 (Cash Payments) Ex 9-2A, Pr 9-2A, Pr 9-4A

Ex 9-3A - 9-7A

Apr 26 Review Problems in Class.

Review Chapter 7, 8 & 9

12 May 1 Assessment #3 Chapters 7-9 Start reading Chap 10

May 3 Chapter 10 Ex 10-1 to 10-7

13 May 8 Chapter 10/ Chapt 11 Pr 10-1A, 10-2A

May 10 Chap 11 Ex 11-1 to 11-8 (Note: Holiday

Nov 24)

14 May 15 Chapter 11 Pr 11-2A

May 17 Chapter 12 Ex 12-1 to 12-7, MiniProject #2

15 May 22 Chapter 12 & 13 Pr 12-1A, 12-2A,Ex 13-3 to 13-6,

Pr 13-1A, Mini Project #2

May 24 Review MinProject #2 is Due

16 May 29 -

June 2

FINAL Assessment: Note; See Calendar

Tab for Final Schedule times

2 ½ hrs on-line, HomeWork

Manager, Chap 10-13 only

Grading:

Note: The points are approximate and are subject change at the discretion of the instructor. Changes to assignments

will be updated on BlackBoard Learning systems and the course website schedule.

Assignment Points

Mini-Project #1 75

Mini-Project #2 100

Assessments- 3 100 pts ea. 300

Final Assessment 50

Quizzes, homework, other assignments,

class participation

550

TOTAL 1075

Grading % :

Percentage of

Points

Grade

90 - 100% A

80 - 89% B

70 - 79% C

60 - 69 % D

59% and below F

Note: If you decide to drop this class, it is your responsibility to officially withdraw to avoid a letter grade. P/NP

(Pass / No Pass) is available by making arrangements with the instructor prior to the published date on the

calendar for the making the change.

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