Term: Fall 2008
Office Location: Jesus & Eugenia Building, SBPA 230
Downloadable Documents
Course Description
This course is an introduction to the theory and practice of accounting and financial reporting. This course introduces business decision-making accounting information systems. Emphasis is on analyzing, summarizing, reporting, and interpreting financial information. Topics include the accounting cycle, financial statements and accounting for assets, liabilities, equities, revenues and expenses. Prerequisite: BA130 with a grade of "C" or better and MA110.
Course Objectives
At the completion of this course, students will gain the knowledge of the following:
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Identify the users and uses of accounting information
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Apply the rules for debits and credits to the preparation of journal entries for transactions
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Discuss GAAP and properly apply them in the analysis of transactions and the preparation of financial statements.
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Identify the steps in the accounting cycle, and the role each step has in ensuring the reliability and relevance of the financial statements.
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Prepare financial statements to include: single-step and multiple-step income statement, statement of owner’s equity, balance sheet, and statement of cash flow.
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Understand the interrelationship among the four primary financial statements.
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Compare and contrast the various business forms; sole proprietorship, partnerships and corporations.
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Apply various management accounting tools and techniques for measuring and evaluating business condition and operating performance.
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Understand the ethical consideration in the business environment.
Accounting Learning Goals (ALG)
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ALG 1:Demonstrates leadership in the accounting/business environment;
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ALG 2: Demonstrates critical thinking and the ability to gather and synthesize information for accounting/business management problems;
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ALG 3: Identify and analyze ethical problems that occur in the accounting/business environment;
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ALG 4: Demonstrates competency in the application of accounting principles and concepts for local, regional, and global environments;
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ALG 5: Demonstrates the ability to communicate relevant financial and non-financial information effectively;
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ALG 6: Demonstrates competency information technology for the accounting/business environment.
Class Schedule
|
DATES |
DESCRIPTION |
|
August 20 |
Orientation/Review of the syllabus/Class requirements/Pre-Test |
|
August 25 August 27 |
Chapter 1: Accounting in Business Special Project |
|
September 1 September 3 |
Holiday – Labor Day Chapter 2: Analyzing and Recording Transactions |
|
September 8 September 10 |
Chapter 3: Adjusting Accounts and Preparing Financial Statements Special Project |
|
September 15 September 17 |
Chapter 4: Completing the Accounting Cycle Review Chapters 1-4 |
|
September 22 September 24 |
Exam Chapters 1-4 Special Project |
|
September 29 October 1 |
Chapter 5: Accounting for Merchandising Operations Special Project |
|
October 6 October 8 |
Chapter 6: Inventories and Cost of Sales Special Project |
|
October 13 October 15 |
Chapter 7: Accounting Information Systems Special Project |
|
October 20 October 22 |
Chapter 8: Cash and Internal Controls Review Chapters 5-8 |
|
October 27 October 29 |
Exam Chapters 5-8 Chapter 9: Accounting for Receivables |
|
November 3 November 5 |
Holiday – All Soul’s Day Chapter 10: Plant Assets, Natural Resources, and Intangibles |
|
November 10 November 12 |
Chapter 11: Current Liabilities and Payroll Accounting Special Project |
|
November 17 November 19 |
Chapter 12: Accounting for Partnerships Review Chapters 9-12 |
|
November 24 November 26 |
Exam Chapters 9-12 Review and Discussions |
|
December 1 December 3 |
Post-Test Review and Discussions |
|
December 8 December 10 |
Holiday – Our Lady of Camarin Day Last Day of Classes |
Grading
90% - 100% = A
80% - 89% = B
70% - 79% = C
60% - 69% = D
0% - 59% = F
Point Values for the Course
|
Description |
Grade % |
|
Assignments/Participation |
25 |
|
Exams |
40 |
|
Special Project |
15 |
|
Final Exam |
20 |
|
Total: |
100% |
NOTE: Class schedule, assignments and grading are subject to change at the discretion of the Instructor.