Principles of Accounting I - Lab

COURSE SYLLABUS

Course Code:

ACC 100 - 101

Instructor:     

Richard Vogel

richardvogel@forrestcollege.edu

Course Schedule:

This course meets at 10:10 am – 11:30 am on Monday & Wednesday from June  30 to September 10, 2008

Credit Hours:

4.5 Credit hours awarded upon successful completion of both course requirements

Text:

College Accounting, 11th edition, Price, Haddock, Brock.  Pearson/Prentice Hall, 2007

Course Description:

This course defines accounting objectives and their relation to business.  It covers the fundamental principles of accounting, the recording of transactions in elementary journals and posting ledgers.  The trial balance, working papers, financial statements and the opening and closing of books are included.  A group Lab presentation will be made on the subject:  The role of the computer in accounting today.

Course Objectives:

Upon completion of this course, the student will be familiar with the following objectives:

  1. Summarize the development of Accounting Principles and relate them to practice;
  2. State the accounting equation and define each element of the equation;
  3. Analyze business transactions including assets, liabilities, revenues, and expenses;
  4. Understand the General Journal and General Ledger;
  5. Prepare and adjust Worksheets;
  6. Prepare closing entries and the Postclosing Trial Balance;
  7. Understand accounting for Sales and Accounts Receivable;
  8. Understand accounting for Purchases and Accounts Payable;
  9. Handle cash receipts, cash payments and banking procedures;
  10. Handle payroll computations, records, and payment.

Prerequisite:

None

Instruction Method:

Lectures, LIRN research assignment, Class discussion, Homework, Personal reflection, and Exams.

Grading:

Basis for determination of the final grade:

Attendance                                                                                                       10%

Class Participation                                                                                            10%

LIRN Project                                                                                                     20%

Cumulative Test 1                                                                                             20%

Cumulative Test 2                                                                                             20%

Cumulative Test 3                                                                                             20%

Grading Scale:            A          =          90-100

                                    B          =          80-89

                                    C         =          70-79

                                    D         =          60-69

                                    F          =          Below 60

Attendance:

Regular attendance is required.  If you must miss a class, get in touch with the instructor one (1) hour before the class meeting, via e-mail.  Otherwise, this will be counted as an unexcused absence.  It will be your responsibility to complete missed class assignments.  You always miss something important when you cannot attend a class.

·         If you attend the entire class meeting, you receive one (1) point.

·         If you have an excused absence, you receive ½ of a point.

·         If you have an unexcused absence, no attendance credit (0) will be given.

Make-up work:

Make-up tests are at the discretion of the Instructor.  If a cumulative test is missed, it must be completed within seven (7) days of original test.  Final exam must be completed within 24 hours of original exam.  Otherwise, a zero (0) will be recorded for the grade.

Academic Dishonesty

 

Plagiarism and cheating are serious offenses and may be punished by failure on exam, or homework or failure of the course, and/or suspension /expulsion from the college.

Resources

 

The College has adequate resources to assist students in researching projects (i.e. books, magazines, newspapers, Internet, LIRN).

Changes

 

In accordance with the policy of the College, your instructor has the right to change the syllabus in a manner that he/she feels necessary in order to better accomplish the goal(s) of this course.