ACCOUNTING 1 Section # 1006 MW 12:45-3:10pm
Course Syllabus
Spring 2006
Instructor: W. Jenny Resnick, CPA, M.B.A. Office: Bus 220S
Office Hours: MW 11:40am-12:40pm; TTh 7:55- 8:25am; Phone: (310) 434-4895
Or By Appointment
E-mail:
I. Catalog Description: This course introduces the student to the sole proprietorship, partnership, and corporate forms of ownership. This course also familiarizes the student with recording, classifying and interpreting financial data for service and merchandising businesses. It includes a study of the journals, ledgers and financial statements used by these entities. Also covered are computerized accounting systems, internal control, ethics, cash, accounts and notes receivable, merchandise inventory, plant assets and intangible assets, liabilities, and equity accounts. 5 Units. Transfer: UC, USC
II. Prerequisites: Math 20 or higher.
III. Required Materials:
Warren, Reeve, and Fess, Accounting, Twenty-first Edition, South-Western Publishing, 2005, ISBN: 0-324-33289-0.This is a bundle of materials includingthe textbook (for ACCTG 1 and 2), Working Papers, PASS accounting software, Personal Trainer (an on-line homework manager), Xtra! (additional learning tool) and a pin code to be used when you first login to the e-College course shell.
Available online at Santa Monica College bookstore (http://bookstore.smc.edu/)
If you intend to use a used book, please understand that you still need to purchase PASS software and Personal Trainer 3.0, as both items are user-specific and cannot be transferred to another user once they have been registered.
The bookstore carries a supplement package that includes all three of the above items, plus working papers: ISBN# 0324334303; (the bookstorelabels this supplement package as "working papers". The used version,though listed, is not available, so make sure you purchase the package new).
IV. Software & HardwareRequirement: This course requires completion of homework using a web-based homework manager program called Personal Trainer, and the completion of assignments using Microsoft Excel and an accounting software called PASS. The web link to access Personal Trainer is included within the homework instructions. Please note that the PASS software runs only in Windows, not on aMac operating system. The PASS software is included in the bundle of materials with the purchase of the text.
It is important that you have adequate computer skills and access to the hardware and software that will allow you to complete all assignments. We all must make allowances for technical glitches, but it is important not to procrastinate and save work-in-progress at regular intervals.
V. Methods of Presentation: Lecture, Demonstration, Problem Solving, and Interactive Discussion.
VI. Course Content:
Chapter 1: Introduction to Accounting and Business
Chapter 2: Analyzing Transactions
Chapter 3: The Matching Concept and the Adjusting Process
Chapter 4: Completing theAccounting Cycle
Chapter 5: Accounting Systems and Internal Controls
Chapter 6: Accounting for Merchandising Businesses
Chapter 7: Cash
Chapter 8: Receivables
Chapter 9: Inventories
Chapter 10: Fixed Assets and Intangible Assets
Chapter 11: Current Liabilities
Chapter 13: Accounting for Partnerships and Limited Liability Corporations
VII. Methods of Evaluation:
Best 9 out of 10 Chapter Quizzes 135 Points (15 points for each quiz)
Mid-Term Chapters 1 - 6 65 Points
Final Exam Chapters (cumulative) 125 Points
Homework 60 Points (5 points for each chapter)
Accounting project 10 Points
Attendance & Participation 10 Points
Total Points 405 Points
Grade Scale:
90% - 100% A
80% - 90% B
70% - 80% C
60% - 70% D
0% - 60% F
Once graded, all scores will be posted in e-Companion immediately. Please note that the lowest quiz score will be dropped from your overall grade calculation. Once all quizzes are completed, the score to be dropped will be posted in e-Companion as a negative score under the column of “Drop Quiz”.
VIII. Course Expectations
1 Attend all classes. It is critical that you attend all classes for you to do well in this course. Per school policy, you may be dropped from class for excessive absences, but it is YOUR RESPONSIBILITY to process an official drop if you no longer can, or wish to, attend class. Random class rolls will be taken at selected classes.
2 Be punctual. For the purpose of assigning attendance points, you are considered absent if you come in late or leave early without providing acceptable explanations. Handle your personal matters before class or during the break. Leaving class to place phone calls or use the restroom is unprofessional and disruptive. If you know you will have an emergency, let me know ahead of time, and sit near the door.
3 Positive participation and professionalism. To earn your participation points, you are expected to contribute your answers to the professor’s questions. You are also expected to be considerate and respectful of the professor as well as other students. Any students who demonstrate disrespectful behavior or disrupt the class progress by engaging in private conversations, entering/exiting during lecture, or any other disruptive conduct will not only lose participation points, but may also be suspended from class. Turn off beepers, cell phones or any electronic devices that generate noise. A total of 10 points can be earned for good attendance and participation.
4 Read the chapter BEFORE class. It is critical that you read the chapter before class and come with questions to address in class. Not all topics in the chapter will be covered in class. The lecture will focus on more complex topics that deserve class discussion. You will have difficulty catching up with the lecture if you come to class “unprepared”. Unless specifically addressed, any topic of the chapter may be covered in the quizzes or exams. Reading, homework and handout practices are the key to help you do well in this course. You will get the maximum benefits from each class if you keep up with the readings and homework.
5 Print handouts and bring to class. Handouts are posted electronically in “e-Companion” for students to download and print out prior to the beginning of each class. The use of e-Companion will be demonstrated in the first class. You MUST come to each class session with the posted handout for that specific chapter coverage.
6 Special requests must be handled in my office, preferably written on a 8 ½ x 11” paper, in advance. Any personal request addressed inappropriately in the middle of class will most likely be denied.
IX. Homework
Homework MUST be completed using a web-based homework manager program called Personal Trainer, except for problems specified to be completed in paper (problems in parentheses). A course key is required in Personal Trainer. The course key for this course is J_R_8957. Regardless of whether the problems are assigned in Personal Trainer or in paper, homework is always due at 12:45pm, the beginning of class, on the dates specified in the course schedule. As of the due date and time, Personal Trainer will automaticallyassign you a % grade for your homework, based on completion and accuracy rate.I will use that % from Personal Trainer as a basis forassigning your homeworkpoints.Late homework will receive zero credits. The use of Personal Trainer will be demonstrated in the first class. Instructions are also provided in e-Companion. If you have any difficulties accessing Personal Trainer, please immediately call 1(800) 423-0563.
For Homework problems to be submitted in paper, you must bring the hard copy to class. Diskettes or emailed homework are NOT accepted. The grading for homework in paper is based mainly on efforts; and the work must be completed in either one of the two formats:
1. using Working Papers that come with the text bundle.
2. using computer spreadsheets such as Microsoft Excel.
Point deduction if the following are not followed for Homework in paper:
* Name, section number & assignment number must be printed legibly in the upper right hand corner (last name, first name)
* Homework sheets must be stapled together (no paper clips, please). It is your responsibility to make sure your homework sheets stay attached. Loose pages without name and other identification will not be considered. Binders and folders are not required.
X. Quizzes & Exams:
The quizzes and exams may consist of any combination of problems, multiple choice, true/false or essay questions. The format will depend, in part, on the nature of the material covered in the exam. All quizzes and exams must be taken at the times specified in the syllabus schedule. No make ups will be given. If all quizzes are taken, the lowest score will be dropped.
A scantron Form 882-ES will be needed for all quizzes and exams. Only basic calculators are allowed for all quizzes and exams. Cell phones are NOT allowed to be used as calculators. No sharing of writing utensils, calculator, or papers during quizzes and exams. Also see Academic Dishonesty for rules on test taking.
XI. Accounting Project:
This is a group project that will be assigned immediately after the midterm. Details on the project will be disclosed in a separate handout.
XI. Academic Dishonesty:
Academic dishonesty will not be tolerated. Academic dishonesty includes cheating, representing the work of others as your own, creating false information, plagiarism, or helping someone else commit academic dishonesty. You will receive “0” point if you commit any act of academic dishonesty as described above, or if you violate any of the following rules:
* You must only have on your desk the test, writing utensils, calculator
* You may not borrow any of the above during the test
* You may not talk to anyone after I have begun to pass out exams
* You may not leave the room without permission, or take the exam sheets out of the room
* You may not write on the test after it has been graded, except as instructed
PRINCIPLES OF ACCOUNTING 1 Office hour: MW 11:45am – 12:45pm
Professor Jenny Resnick C.P.A., MBA Schedule # 1006 TTh 8:00am – 8:30am
Phone: (310)434-4895 E-mail: TTh 10:55am – 11:25am
Note:
Problems in parenthesis must be submitted in paper.
Problems NOT in parenthesis must be submitted in
Personal Trainer.
Week Date Chapter Scheduled Event Reading & Homework Assignments Due
(Due 12:45pm on the date scheduled)
1 13-Feb Introduction
15-Feb 1 Read Ch 1
______
2 20-Feb Washington’s Birthday, Campus Closed
22-Feb 1/2 Read Ch 2
______
3 27-Feb 2 Quiz on Ch 1 P1-1A, P1-2A, (P1-4A) due
1-Mar 2
______
4 6-Mar 3 Quiz on Ch 2 Read Ch 3; P2-1A, (P2-4A) due
8-Mar 3
______
5 13-Mar 3/4 Read Ch 4
15-Mar 4 Quiz on Ch 3 P3-2A, P3-3A, P3-5A due
______
6 20-Mar 4/5 Read Ch 5
22-Mar 5 Quiz on Ch 4 P4-2A, (P4-4A) due
______7 27-Mar 5/6 Read Ch 6
29-Mar 6 Quiz on Ch 5 P5-2A, (5-4A) due
__________ 8 3-Apr 6 Midterm review
5-Apr 6 Midterm; go over Accounting project (P6-1A), P6-3A, P6-4A due
______9 10-Apr Spring Break, No Class
12-Apr Spring Break, No Class
______10 17-Apr 7 Go over Mid-term Read Ch 7
19-Apr 7
______11 24-Apr 7/8 Read Ch 8
26-Apr 8 Quiz on Ch 7 P7-2A, (P7-4A) due
______12 1-May 8/9 Read Ch 9
3-May 9 Quiz on Ch 8 P8-1A,P8-4A due
______13 8-May 9/10 Read Ch 10
10-May 10 Quiz on Ch 9 P9-1A, P9-2A, P9-3A due
______14 15-May 10/11 Read Ch 11
17-May 11 Quiz on Ch 10 P10-1A, P10-2A, P10-5A due
______15 22-May 11/13 Read Ch 13
24-May 13 Quiz on Ch 11 P11-1A, P11-3A due
______
16 29-May Memorial Day, Campus Closed
31-May 13
______
5-Jun 13 Final Review