College Accounting Syllabus
Teacher: Mrs. Quible Phone: 436-1305 ext. 65354
Room: C210 Email:
Office: C201 Website: http://isite.lps.org/squible/web/index.html
Course Description
This course is designed to provide introductory knowledge of accounting principles, concepts, and practices and to introduce the student to the “language” of accounting. Included topics are the analysis and recording of transactions and the preparation of the Balance Sheet, Income Statement, and Statement of Owner’s Equity (Stockholders’ Equity). Special focus will include merchandise inventory, petty cash, bank reconciliations, receivables, long-term assets, current and concurrent liabilities, and the accounting for corporations.
Course Objectives
1. Instroduce the basic accounting terms and functions.
2. Introduce the accounting cycle.
3. Introduce components and construction of financial statements.
4. Explain the accrual basis of accounting and corresponding adjustments.
5. Explain the use of worksheets and preparing closing entries.
6. Introduce accounting for a merchandising operation.
7. Explain the assignmnent of cost to inventory and cost of goods sold.
8. Discuss special journals and subsidiary ledgers.
9. Explain the process of bank reconciliations and the use of petty cash accounts.
10. Introduce receivables, short-term, and long-term investments.
11. Discuss capital acquisitions and how their costs are allocated through depreciation as well as how to account for their subsequent disposal.
12. Introduce current liabilities.
13. Discuss corporations as a business form and issues unique to corporations (paid-in capital and retained earnings).
14. Introduce long-term liabilities (bonds, notes payable) and how they are accounted for.
Why take College Accounting?
· Students can take College Accounting for dual credit/advanced placement at SCC
o DUAL CREDIT: If a student pays tuition ($234.13* for 4.5 credits/2011-2012), he/she will earn both LNS and SCC credits
o ADVANCED PLACEMENT: If a student takes College Accounting at LNS, it substitutes for SCCs ACCT1200 Principles of Accounting I or OFFT1310 Office Accounting I
§ Keep in mind: If a student takes College Accounting at LNS and does not pay tuition and then some day enrolls at a 4-year university/college, he/she would likely have to take the course again.
*tuition help is possible; Mrs. Quible will have more details for students in class
Materials:
· Textbook, Accounting (Horngren/Harrison), 7e. All students will check out one textbook, however, students will have the option to keep one textbook in the classroom and to check out another textbook to keep at home. Students are responsible for both textbooks.
· Study Guide/CD—Students will have a study guide/CD checked out to them to be used throughout the two semesters. Students are NOT to write in this Study Guide.
· Folder/Binder (1/2” to 1”) to keep handouts, assignments, etc. organized; notebook paper is also recommended.
· Mechanical pencils, eraser pen, handheld calculator (students also have the option of using the computer calculator)
Classroom Procedures:
1. Be in seat when bell rings – logged on to computer
2. Daily objectives & agenda will be located on class website, white board, and projector.
3. Check website for any files you will need for the day and save to your eDisk.
4. Complete daily bellringer and save to file as instructed by teacher.
5. Follow the in class instruction, then follow the instructions to complete the daily assignment.
6. You will be expected to work entire period and turn in all completed assignments to the teacher.
7. Four quality standards that must be met before students are excused from class:
· Everyone in their assigned seat & quiet
· Room neat
· Chairs & tables in the original position
· Books stacked neatly (or handouts returned)
Classroom Expectations
Safe / Trustworthy / Accountable / RespectfulKeep food and drinks away from computers
Remain on school appropriate websites
Respect and care for the physical property in the classroom / Take pride in your work and do your best
Do your own work
Use passes for intended purposes / Be on time to class
Utilize class time to complete all assignments
Come to class prepared with reading, homework, etc. completed / Listen actively
Celebrate diversity of talents, opinions, and backgrounds
Honor each other’s physical space
Assignments:
· Assignments will be turned in as directed, either the traditional paper assignment in designated tray or through DUS (Doc-u-share).
· Class Work: Students will be asked to complete some work in class as practice; students will be given completion credit for some of these tasks.
· Homework: Students will often be given homework assignments; to know accounting is to do accounting. It will be the teacher’s goal to give some time (a minimum of five minutes) to allow students to begin this homework so questions and clarifications can be made prior to students completing it individually.
· Some students will require much more repetition and study outside of the classroom time; some students will be able to comprehend the material with minimal outside-of-class time. Students need to individually determine the time outside of class needed to achieve the success they strive for.
· Much of the class work is completed using the computer. If students wish to review computer-generated material outside of class time, they are encouraged to print those documents that might be helpful to them.
· Textbook EXERCISES are generally completed in class together as review and practice. Textbook PROBLEMS are generally completed as homework and because those assignments need to be assessed by the instructor and returned back to students, class deadlines (which are generally more than one-day timelines) must be adhered to on a strict basis. HOWEVER, if students are not able to complete the problems by the deadline, students are able to complete the “B” problems without late-point penalty.
· Students will need to make up missed quizzes and tests outside of class (unless class time permits). It is the student’s responsibility to schedule those critical assessment pieces at the earliest convenience of student and teacher.
· Because accounting professionals are confronted with daily deadlines and schedules, accounting students will also be encouraged to take on that professional attitude when dealing with homework/project deadlines.
o The ultimate goal of accounting students should be to learn the material at a level that will prepare them for the next accounting instruction, whether it is the next chapter or the next high school accounting course or the next accounting course(s) in college.
o With that goal in mind, students are encouraged to complete ALL assignments and turn them in as directed.
o However, late assignments will be accepted upon the specific guidelines of the instructor for major grading deadlines. (Specifically, this will mean that students can complete late work up to the end of each quarter for the assignments given during that quarter.)
o Some variance to this policy may be considered for unusual circumstances.
Grading Procedures:
College Accounting is a weighted class.
GPA / WEIGHTED GPAA / 100-90% / 4.0 / 5.0
B+ / 89-86% / 3.5 / 4.5
B / 85-80% / 3.0 / 4.0
C+ / 79-76% / 2.5 / 3.5
C / 75-70% / 2.0 / 3.0
D+ / 69-66% / 1.5 / 1.5
D / 65-60% / 1.0 / 1.0
F / 59% and below
LNS First Semester / 2011-2012
Daily Classwork /Homework/Projects / 20%
Chapter Tests/Semester Test* / 80%
Students will be assessed with the following:
LNS Second Semester / 2011-2012Daily Classwork /Homework/Projects / 20%
Chapter Tests/Semester Test* / 80%
*--Students not taking the class for SCC credits, will have the Semester Final count as a chapter test grade x 3
SCC Final Grade(after 2 LNS Semesters) / 2011-2012
LNS First Semester Grade / 37.5%
LNS Second Semester Grade / 37.5%
SCC Final (given on Semester finals day) / 25.0%
All students, whether taking the course as dual credit or not, will be required to take a comprehensive final exam, which according to Southeast Community College policy will be worth 25% of the overall student grade. *--Students not taking the class for SCC credits, will have the Semester Final count as a chapter test grade x 3
· Semester tests will be given according to school’s semester test schedule and will be categorized as a test—see above weights. Chapter tests will generally be worth 125 points each; the first semester test will be worth approximately 225 points.
· Chapter Tests: The primary reason for summative assessments is to determine the extent a student has learned the material. If students have not learned the material to the extent the assessment can determine, students are encouraged to re-learn (practice) the material and retest. One retest is allowed per semester. (Retests are not identical to the original tests but are testing the same material with similar questions, etc.) The better of the two test grades will be entered.
· Mrs. Quible will provide an up-to-date grade prior to and after chapter tests and projects. Students are also encouraged to check Mrs. Quible’s web site for grades, which will be generally be updated at least once a week.
Cheating/Plagiarism Policy:
· The College Accounting Students will follow the Lincoln North Star Cheating/Plagiarism Policy as found in the Student Code of Conduct.
Additional Help:
· College Accounting can be rigorous and challenging; it is a class that students need to stay current with. If a student falls behind, that student should ask Mrs. Quible for guidance to get back on schedule.
· Before school, lunch, or after school are often options for Mrs. Quible. Students are also encouraged to just stop by Room C201 for extra help or questions.
· Mrs. Quible will also share with students the many additional resources available with this text, which includes a CD and online resources.
· Mrs. Quible would also be willing to set up any tutor sessions if students want to get together for some extra help or reinforcement.
· Be sure to ask questions or let Mrs. Quible know of any concerns.