Division: Business, Hospitality, Engineering, & Technology

Subject Code: ACCTCourse #: 208

Course Title: Professional Bookkeeping

HARRISBURGAREACOMMUNITY COLLEGE

FORM 335

Course Form 335 must be updated at least every five years per AP 765 to include, at a minimum, the following elements. [§335.2]

1.Digital Description:

Credit hours: 3

Lecture hours: 3

Lab hours: 0

BL: [__]⅓[X]½ [__]⅔[___] Other (Indicate fraction or percent)

2.Catalog Description:

Completing adjusting entries for accruals and deferrals and using the adjusted trial balance to prepare financial statements. Entries for depreciation, payroll, and inventory (using various methods and in compliance with legal requirements) are covered. The design and implementation of procedures to protect businesses against fraud are emphasized. This course prepares students to take the National Certified Bookkeepers Exam.

Minimum Grade Required

3.Prerequisites:Accounting 101, 200 C

Corequisites:

Other:

4.Learning Outcomes

[These outcomes are necessary to enable students to attain the essential

knowledge and skills embodied in the program’s educational objectives.]

Upon successful completion of the course the student will be able to:

Explain the need for adjusting entries and the effect on financial statements
Complete all needed adjusting entries for a trial balance
Prepare financial statements using an adjusted trial balance
Identify and correct errors on a trial balance
Perform a bank reconciliation
Apply rules and regulations involving payroll to complete all payroll records for various employees
Demonstrate the ability to fill out federal and state tax reporting requirements
Calculate depreciation amounts using various methods and explain their effect on financial reporting
Apply accepted accounting rules to inventory calculations and interpret the results
Explain how to set up internal controls that would prevent employee theft, check fraud, vendor cheating and other scams.

5.Planned Sequence of Learning Activities

[These must be designed to help students achieve the learning outcomes.]

Part 1 – Adjusting Entries

A. Why accruals and deferrals are made

B. Accrued revenue

C. Accrued expenses

D. Unearned revenue

E. Prepaid expenses

F. Bad debt expense

G. Preparing financial statements from trial balance

Part 2 - Error Correction

A. Where errors occur and how to find them

B. Bank reconciliation

C. Using a trial balance to find errors

D. Correcting current-period accrual errors

E. Correcting current-period deferral errors

Part 3 - Payroll

A. Employees vs. nonemployees

B. Federal and state wage laws

C. Paying employees

D. Required payroll data

E. Withholding forms

F. Depositing taxes

G. Federal reporting forms

H. Journal entries

Part 4 - Depreciation

A. Book vs. Tax depreciation

B. 4 methods under GAAP

C. Depreciation under federal tax rules

D. Special rules for vehicles

Part 5- Inventory

A. Perpetual vs. Periodic

B. Weighted average

C. FIFO

D. LIFO

E. Lower of cost or market

Part 6 - Internal Controls

A. How employees steal

B. How to prevent employee theft

C. Preventing check and credit card fraud

D. Preventing vendor cheating

6.Assessment of Student Learning

[Methods of assessment should be appropriate for Learning Outcomes listed above.]

Assessment of student learning is designed to enhance the course. Student

assessment can be performed using a variety of methods. Tools used for assessing

student learning (as stated in course outcomes) will be administered by faculty at

the department level in compliance with a department-developed assessment plan

on file with the Curriculum Coordinator and the appropriate administrative level

supervisor.

7.List of Texts, References, Selected Library Resources or other Learning Materials (code each item based on instructional use): C-Lecture/Laboratory, A-Lecture, B-Laboratory, LC-Lecture/Clinical, CLN-Clinical, I-Online,

BL-Blended, V-Videocourse, D-Independent Study, P-Private Lessons,

E-Internship, F-Cooperative Work-Study, FE-Field Experience. [These resources must be easily accessible to students.]

C, BL, - Certified Bookkeeper Workbooks published by American Institute of Professional Bookkeepers

8.Prepared by Faculty Member: Jason NielsenDate: 10/06/08

9.Approved by Department Chairperson: Michelle Myers Date: 11/19/08

10.Approved by Academic Division Dean: William ThompsonDate: 11/19/08

This course meets all reimbursement requirements of Chapter 335, subchapters A / B.

This course was developed, approved, and offered in accordance with the policies, standards, guidelines, and practices established by the College. It is consistent with the college mission.

If the course described here is a transfer course, it is comparable to similar courses generally accepted for transfer to accredited four-year colleges and universities.

11.Curriculum Coordinator: Catherine A. LencioniDate:11/21/08

12.VP, Academic Affairs and Enrollment Management: R. YoungDate:11/21/08

13.Original Date of course approval by the college:02/23/09

14.Date(s) of subsequent reviews [Indicate change: Learning Outcomes; textbook(s)]:

12/1/04

Review and updated: