Student Learning Outcomes (SLO) for ACCT 124

Student Learning Outcomes (SLO) for ACCT 124

SLO #1: / Given the amounts for two of the three elements of the accounting equation, students should demonstrate the ability to solve for the third.
Course Objective(s) covered: Identify and define the major accounting concepts and principles within the financial structure of business enterprises.
Department Learning Outcome covered: Demonstrate an understanding of fundamental accounting theory.
Institutional Learning Outcome covered: Critical Thinking
SLO #2: / Students should demonstrate the ability to record transactions using journal entries.
Course Objective(s) covered: Prepare accounting documents that demonstrate ability to use accounting journals and their concepts.
Department Learning Outcome covered: Apply the accounting skills necessary to accumulate and summarize financial information for decision making
Institutional Learning Outcome covered: Critical Thinking
SLO #3: / Students should demonstrate the ability to journalize entries for accounts requiring adjustment.
Course Objective(s) covered: Prepare accounting documents that demonstrate ability to use accounting journals and their concepts.
Department Learning Outcome covered: Apply the accounting skills necessary to accumulate and summarize financial information for decision making.
Institutional Learning Outcome covered: Critical Thinking

ACCT 124 SLO Sample Questions

Choose one problem from each outcome listed

Student Learning Outcome #1:

1)The total assets and total liabilities of Coca-Cola and PepsiCo are shown below.

Coca-Cola (in millions) / PepsiCo (in millions)
Assets / $29,963 / $29,930
Liabilities / 13,043 / 14,483

Determine the total stockholders’ equity of each company:

2)The total assets and stockholders’ equity of eBay and Google are shown below.

eBay (in millions) / Google (in millions)
Assets / $13,494 / $18,473
Stockholders’ Equity / 10,905 / 17,040

Determine the total liabilities of each company:

3)The total liabilities and stockholders’ equity of Toys “R” Us and Estee Lauder are shown below.

Toys “R” Us (in millions) / Estee Lauder (in millions)
Liabilities / $5,367 / $1,955
Stockholders’ Equity / 4,030 / 1,462

Determine the total assets of each company:

Student Learning Outcome #2:

1)Prepare a journal entry for the purchase of office supplies on October 14 for $9,000, paying $1,800 cash and the remainder on account.

Date / Description / Post.
Ref. / Debit / Credit

2)Prepare a journal entry on April 2 for cash received for services rendered, $3,600.

Date / Description / Post.
Ref. / Debit / Credit

3)Prepare a journal entry on November 29 for fees earned on account, $11,375.

Date / Description / Post.
Ref. / Debit / Credit

Student Learning Outcome #3:

1)Colossal Realty Co. pays weekly salaries of $19,375 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Tuesday, December 31.

Date / Description / Post.
Ref. / Debit / Credit

2)The estimated amount of depreciation on equipment for the current calendar year is $3,200. Journalize the adjusting entry to record the depreciation.

Date / Description / Post.
Ref. / Debit / Credit

3)At the end of the current calendar year, $12,400 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees.

Date / Description / Post.
Ref. / Debit / Credit

Rubric for ACCT 124

N/A / Student not present when SLO was administered.
0 / No attempt at the problem (student in class but left answer blank).
1 / Student demonstrates little or no understanding of the instructions and/or the execution. Student understood instructions but was unable to demonstrate the required skills to solve the problem.
2 / Student demonstrates an understanding of the instructions but makes minor errors in execution.
3 / Student demonstrates a complete understanding of the instructions and produces an appropriate solution. Solution should be completely accurate.