- Interpret and apply generally accepted accounting principles (GAAP) to analyze, record, and report financial information for a merchandising business. You will prepare the financial statements from business transaction and explain entries. Prepare work sheet and explain its usefulness.
- Maintain and assess inventory methods used for business decision-making. You will compute and record COGS, weighted average and retail inventory.
- Calculate and record receivable and payable transactions. You will prepare special journals and schedules for accounts receivable and payable.
- Compute and evaluate depreciation and depletion methods, acquisition, sale and disposal of assets and identify intangible assets. You will explain the methods of depreciation with acquisitions and capitalization. You will compute depreciation rates for disposal and exchange.
- Perform basic partnership and corporate accounting transactions. You will prepare the financial statements and prepare/review journal entries.
TIME COMMITMENT NECESSARY TO EARN COURSE CREDIT: Bryant & Stratton College subscribes to a philosophy commonly held by institutions across higher education: achievement of success with college-level study will necessitate that the student devotes both scheduled in-class time as well as significant out-of-class time to meeting course outcomes. In order to successfully achieve all outcomes for this 3-credit hour course, it is expected that each student will participate in the scheduled in-class hours (three 50-minute contact hours – 150 minutes – each week) and dedicate an approximate total of 90 hours during the term for out-of-class preparation and work time. Out-of-class time will be necessary for completing textbook readings and related assignments, accessing and using additional resources as identified by the instructor and/or through student research, completing both non-graded and graded drafts and final writings, and preparing for an oral presentation.
Tasks & Time Allocation for this 3-Credit Hour Course:
|Participating in the scheduled in-class hours||Three 50-minute contact hours (150 minutes) each week (required)|
|Completing textbook readings and related assignments||Approx. 2 hours per week = 30 hours over the term|
|Accessing and using additional resources as identified by the instructor and/or through student research||Approx. 20 hours over the term|
|Completing both non-graded and graded drafts and final writings||Approx. 2 hours per week = 30 hours over the term|
|Preparing for an oral presentation||Approx. 10 hours|
*Though each student’s actual allocation of time to specific out-of-class activities will vary, he/she should anticipate that the overall time commitment, in class and out of class, will be necessary for successful completion of this course.*
REQUIRED MEDIA: Text: Fundamental Accounting Principles. 20th Edition. Wild, Shaw and Chiappetta. McGraw-Hill/Irwin Publishing. Supplemental: Excel working papers CD. ISBN: 00-773-38-081. Study Guide Vol. 1 Chapters 1-12. ISBN: 00-773-38-162Additional supplies: a flash drive (USB), binder/folder for class work, highlighter, pencil/paper, document presentation folders as needed.
DIAGNOSTIC ASSESSMENT: Each student will be asked to complete a diagnostic survey to assess perceptions/attitudes towards employee relations. Information gleaned from these diagnostics will help direct the design of specific activities tailored to the diverse talents and learning needs of the students in the class. These diagnostics will have no effect on the student’s grade.
AUTHENTIC ASSESSMENTS: Communication skills are essential to success in the workplace of today. The ability to write clear, concise, complete, well-documented, attention-getting messages and reports will make Bryant & Stratton College graduates more effective in their chosen field. The varied research and writing opportunities in ACCT120 will encourage the development and application of practical writing and research techniques.
MAKE-UP POLICY: As is the case in the business world, timely, accurate work is expected in this class; however, should lateness occur these assignments can be submitted one class day after the due date. There maybe up to ten-percent deduction from the maximum possible score for late submissions. Assignments will be accepted on or before the due date and no later than one class day after the due date. NOTE: Any assignments completed as part of a class (i.e. peer reviews, progress conferences) cannot be made up.
USE OF TECHNOLOGY: All final drafts of graded writing pieces must be computer generated; additionally, computer research and use of the College’s Virtual Library will be essential to success in this class; however, the student does not need a computer at home to fully participate in computer research. The computers in the computer labs and the library will be available for student use.
LIFELONG LEARNING AND INFORMATION LITERACY: In completing the research and writing assignments for this class, the student will develop his/her ability to acquire, evaluate, synthesize, use, and document information. This course will complement LIBS 100 to lay the groundwork for increasingly more diverse and in-depth information literacy experiences in other classes, promoting the development of transferable communications skills that you will use within the academic community of the College and the larger community of the dynamic workplace.
ATTENDANCE POLICY: Regular class attendance is necessary to receive the maximum benefit from this course as well as to develop the professional work habits that are highly valued in the business community. Attendance at every class meeting is required; if a student must be absent, he or she will be held accountable for class work and due dates missed. Students who arrive on time and schedule outside appointments at times other than class time will be able to maximize the benefits of this course. Students are required to sign the attendance sheet at each class meeting.
STUDENT PORTFOLIO: An important aspect of a Bryant & Stratton College education is participation in the Portfolio Process. Students identify work(s) produced in each course that allow them to demonstrate, reflect on, and speak to the acquired knowledge, skills, and behaviors that will benefit them and their future employers. The final writing piece and projects produced in ACCT120, can serve as an example of strong research and writing skills.
CLASSROOM ETIQUETTE: It is expected that all members of the class will contribute to a positive and active environment for learning. Students are asked to keep the distraction of private conversations to a minimum and to turn off all cell phones, personal pagers, and recording devices while class is in session. Food and drink should not be brought into the classroom.
SKILLS ASSISTANCE/COURSE ENHANCEMENT: The 20 minutes that follow the class session should be considered time to work on class assignments. The instructor will remain in the classroom to serve as a resource and will be available to work with individuals or small groups.
STUDENT SUPPORT SERVICES (SSS) TIME: Specific blocks of time are set aside in the morning, afternoon, and evening when both students and instructors are available. At these times students will have the opportunity to work individually or in groups in labs, classrooms, and the library with the guidance of the instructors. Students may avail themselves of the services of any of the persons/resources on campus that would make them successful.
RESOURCES: A dictionary, thesaurus, and reference manual, whether “hard copy” or online, will be useful for class work and assignments. The Bryant & Stratton College APA Style Guide will provide necessary guidance in correctly citing research references using the APA citation format. Copies are available on reserve in the Library and on the campus Library Portal. The libraries (both campus-based and virtual) will be valuable sources for research (books, periodicals, web-based resources). The campus librarian(s) and the online 24/7 reference librarians (available through QuestionPoint™) will be invaluable resources for research help. Students also have access to SMARTHINKING, a resource that offers live online tutoring and writing lab. Additionally, the Learning Center on campus is a valuable source for both face-to-face and computer-aided tutoring in a number of specific areas that can impact success in this course.
INSTRUCTOR’S COLLEGE E-MAIL ADDRESS: firstname.lastname@example.org
INSTRUCTOR’S SKILLS ASSISTANCE/STUDENT SUPPORT SERVICES TIMES and LOCATION(S): S.A. W 9:00 pm – 9:30 pm (by appt) S.S.S. TH 7:00 pm – 8:00 pm (by appt)
Attachment: Tracking Calendar for Winter term ***Subject to Change
|WEEK||CLASS DAY & DATE||CONTENT: TOPICS||COURSE OUTCOME(S)To be addressed[Identified as CO # __]||METHODOLOGY[teaching & learning activities]||ASSIGNMENTS / ASSESSMENTS TEXTBOOK & SUPPLEMENTAL REQUIRED READINGS||DUE DATES|
|WEEK 1||Wed 5/04/11||- Introductions - Review of course syllabus & supplement- Diagnostic survey Review Chap 1-4 Chapter 5: Accounting for Merchandising Operation (I)||CO #1, 2||- Student pairing for introductions- Interactive reading (course syllabus & supplement)- Individual completion of diagnostic survey- Writing activity / brief class discussion for initial exploration of the writing Process||Re-read course syllabus & supplement; sign and return “Student Acknowledgement” In Class - SPE 3 (Chp 1-4 Review) HW: Read Ch. 5 Discussion Ques # 1-7QS 5-1, 5-3, 5-4|
|WEEK 2||Wed 5/11/11||Chapter 5: Accounting for Merchandising Operations (I)||CO #1, 2||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assigned In Class – Problem 5-1AHW: Problem 5-2A||Email WP 5-2A|
|WEEK 3||Wed 5/18/11||Review Chap 5||CO #1, 2, 3||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assigned Prepare for Exam I|
|WEEK 4||Wed 5/25/11||Exam I************Chapter 6: Inventories and Cost of Sales (III)||CO #1, 2, 3||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedRead Ch. 6|
|WEEK 5||Wed 6/01/11||Chapter 7 – Accounting Information Systems (II)||CO #1, 2, 3||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedPost ExamRe-Read Chapter 6 & 7|
|WEEK 6||Wed 6/08/11||Chapter 7 – Accounting Information Systems (II)||CO #1, 2, 5||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assigned|
|WEEK 7||Wed 6/15/11||Review forExam II||CO #1, 2, 5||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedPrepare for Exam II|
|WEEK 8||Wed 6/22/11||Exam II**************Chapter 9: Accounting for Receivables (IV)||CO #1, 2, 3,5||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedRead Ch. 9|
|WEEK 9||Wed 6/29/11||Chapter 10: Plant Assets (V & VI)||CO #1, 2, 3, 4, 5||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedRe-Read Chapter 9 & 10|
|WEEK 10||Wed 7/06/11||Chapter 10: Plant Assets (V & VI)**************Introduce Groups/Projects||CO #1, 2, 3, 4, 5||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedRe-Read Chapter 9 & 10|
|WEEK 11||Wed 7/13/11||Review for Exam III||CO #1, 2, 4||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedComplete – Take Home ExamRead Chapter 12|
|WEEK 12||Wed 7/20/11||Chapter 12 Partnership (VII) *************Group Time||CO #1, 2, 4||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedRead Chapter 13|
|WEEK 13||Wed 7/28/11||Chapter 13 Corporations (VIII)**************Group Time||CO #1, 2, 3, 4, 5||-Lecture -Interactive reading/Sample problems- Individual/group assignments||HW: Problem(s) to be assignedReview for Exam|
|WEEK 14||Wed 8/03/11||Exam IV*************Group Time||CO #1, 2, 3, 4, 5||-Lecture -Interactive reading/Sample problems- Individual/group assignments||Prepare for presentation|
|WEEK 15||Wed 8/10/11||CO #1, 2, 3, 4, 5||-Lecture -Interactive reading/Sample problems- Individual/group assignments|
STUDENT ACKNOWLEDGEMENT STATEMENT (Please sign and return to the instructor.) I have received a copy of the above Supplement to Course Syllabus with Weekly Tracking Calendar for ACCT120; I have had the opportunity to become thoroughly familiar with this document and fully understand all of the policies and procedures contained therein. Student signature: ____________________________________________ Date: _________________