Prin of Accounting I - Curt Holman 

  

 

Syllabus - Prin of Accounting I - ACCT& 201 (5 credits)

Quarter:    Spring 2010
Instructor:    Curt Holman
Class Schedule:   M-F; (8:00 – 8:55), Room H311

Telephone:   425-235-7870

E-mail:   cholman@rtc.edu

Web Page:   http://www.rtc.edu/instruction/Accounting/welcome_page.htm

Office Hours:   Room H309 (7:30A-8:00A; 2:30P-3:00P)

Text: 
1. College Accounting, 8th Edition, Houghton Mifflin – McQuaig, Bille
2.  
Intro to Principles of Accounting I, Chapter Outlines 8th edition, by Curt Holman
or can be found/downloaded through
http://media.waol.org/7671/Financial+14-20-Spr-10.docx .

Other Materials: Pencils and eraser.

OBJECTIVE:

A continuation of skills learned in ACC 110, students develop additional skills in recording transactions to specific areas of accounting including: accounts receivable, inventories, plant and equipment, asset valuation, notes receivable and notes payable and recording stock, cash dividends and stock dividends. This is an intermediate course in accounting. There will also be emphasis on calculating and recording payroll. Prerequisites: Placement into ACCT& 201 or completion of ACCT 110 with a 2.0 GPA or higher.

MAKEUP POLICY: 

Missed Assignments - only under special circumstances. Not automatically permitted.
Missed Exams - the general rule is "no", I want you to focus on the future, not the past.

MISSING TIME: It is a student's responsibility to find out from other students what information or assignments were "missed" and if necessary to create a "catch up" plan. For Financial Aid purposes,  some attendances can be made up (see your instructor) . Attendance may be taken at anytime during the period. If you come in late or leave early, it is your responsibility to immediately notify your instructor on that day.

TIMELINESS:    Being on time is important on the job and in this class. Not only is tardiness disruptive to the classroom, the skills and habits you develop now will directly affect your future employability. The two most commonly asked questions by potential employers concern attendance and attitude!

DISABILITY: If you are a student that has a mental or physical disability that substantially limits your ability to learn, it is recommended that you contact the Special Populations counselor in Student Services, Bldg I Room 225. The information acquired during a visit with the Special Populations Counselor is confidential and could be used to help you succeed in your program. Renton Technical College is very interest in your success.

INTERNET ASSIGNMENTS:  This course will have on-line quizzes, homework checks & tests. You will need to “log in” to Moodle and then select your course.

Logging In: From the Accounting web page select the specific link “Moodle”. Follow the instructions to log in.

OTHER: Food or drink – not allowed, Cell phones and beepers – turn off, no smoking.
   


CODE OF CONDUCT

 CLASSROOM BEHAVIOR: 

As much as possible, you will be treated as though you are an employee; therefore, our expectations are that you conduct yourself in a professional manner. Unprofessional, inappropriate and disruptive behavior will not be allowed.

EXAMPLES OF INAPPROPRIATE AND/OR DISRUPTIVE BEHAVIOR:

CONSEQUENCES OF DISRUPTIVE BEHAVIOR:

Consequences* of disruptive behavior can be, but is not limited to:


* refer to student handbook

 

Course Competencies

1.  Understand the use of reversing entries and prepare reversing entries.  

2.  Prepare all required journal entries and compute valuation of accounts receivable in accordance with GAAP.

3.  Prepare all required general journal entries relating to notes payable and receivable in accordance with GAAP.

4.   Compute the ending and cost of goods sold using various methods in accordance with GAAP.

5.   Compute the cost and periodic depreciation expense of fixed assets in accordance with GAAP.

6.   Prepare all required general journal entries and financial statement for a partnership in accordance with GAAP.

7.  Prepare all required general journal entries relating to issuing stock, cash dividends, and stock dividends. 

 

Grading Standards - Principles of Accounting I

 

Grading Standards

 

Description

Percent of Grade 

 

Chapter Exams            

80%

 

Homework

10%

 

Exam Previews/Quizzes

10%

 

Grades

 

Decimal

Letter

Percentage

 

Decimal

Letter

Percentage

4.0

A

 98.0% and over

 

1.9

C-

 73.0% but less than 74.0%

3.9

A

 94.0% but less than 98.0%

 

1.8

C-

 72.0% but less than 73.0%

3.8

A-

 93.0% but less than 94.0%

 

1.7

C-

 71.0% but less than 72.0%

3.7

A-

 92.0% but less than 93.0%

 

1.6

C-

 70.5% but less than 71.0%

3.6

A-

 91.0% but less than 92.0%

 

1.5

C-

 70.0% but less than 70.5%

3.5

A-

 90.0% but less than 91.0%

 

1.4

D+

 69.0% but less than 70.0%

3.4

B+

 89.0% but less than 90.0%

 

1.3

D+

 68.0% but less than 69.0%

3.3

B+

 88.0% but less than 89.0%

 

1.2

D+

 67.0% but less than 68.0%

3.2

B+

 87.0% but less than 88.0%

 

1.1

D

 65.0% but less than 67.0%

3.1

B

 86.0% but less than 87.0%

 

1.0

D

 64.0% but less than 65.0%

3.0

B

 85.0% but less than 86.0%

 

0.9

D-

 62.0% but less than 64.0%

2.9

B

 84.0% but less than 85.0%

 

0.8

D-

 61.0% but less than 62.0%

2.8

B-

 83.0% but less than 84.0%

 

0.7

D-

 60.0% but less than 61.0%

2.7

B-

 82.0% but less than 83.0%

 

0.0

F

 less than 60.0%

2.6

B-

 81.0% but less than 82.0%

       

2.5

B-

 80.0% but less than 81.0%

       

2.4

C+

 79.0% but less than 80.0%

       

2.3

C+

 78.0% but less than 79.0%

       

2.2

C+

 77.0% but less than 78.0%

       

2.1

C

 75.0% but less than 77.0%

       

2.0

C

 74.0% but less than 75.0%

       

 

Calendar

 

Spring Quarter 2010 – Prin of Accounting I

The following calendar of events is an approximation only and may be changed at any time.

All assignments (Exercises and Problems) listed in your course outline text are due when assigned or at the end of the chapter (whichever is sooner).

 

Week

Monday

Tuesday

Wednesday

Thursday

Friday

#1

4/5-

Orientation, Moodle, Syllabus  Read Ch 14 

Reversing Entries

Ch 14-continued

Ch 14-discounts

Ch 14-renewals

#2

4/12-

Ch 14-YE adjustment 

Ch 14 - the register

Ch 14

Practice

Ch 15

#3

4/19-

Ch 15 - discounts

Ch 15 –contingent liabilities

Extra

Extra

Extra

#4

4/26- 

Exam #2 Preview   

Exam #1

Exam #1

Ch 16-Begins

Ch 16 – allowance method

#5

5/3- 

Ch 16 – Direct w/o method

Ch16 - allowance, other methods  

Ch 16 – big review problem

Ch 17 - Inventories

Ch 17 – LIFO/FIFO

#6

5/10- 

Ch 17 - LCM

Ch17 - comparisons

Ch 17 – perpetual

Ch 17 – more perpetual

Extra

#7

5/17- 

Exam #2 preview

Exam #2

Exam #2

Ch 18 - Begins

Extra

#8

5/24-

Ch 18 - methods

Ch 18 – units of activity

Ch 18 – inconvenient purchase dates

Ch 18 – trade ins

Ch 18 – more trades

#9

5/31-

Holiday

 

Ch 18 – capitalize or not

Ch 19 - Begins Ch 19 - Partnerships

Ch 19 - Partnerships

#10

6/7-

Ch 19 - Partnerships

Ch 19 - Partnerships

Ch 19 – review problem day 1

Ch 19 – review problem day 2

Corporations - Begins

#11

6/14-

Ch 19 – corporations

Ch 19 – corporations

Ch 19 – corporations

Ratios

Ratios

#12

6/21-

Ratios

Exam #3 Preview

Finals Week Schedule

Finals Week Schedule

Finals Week Schedule

#13

6/28-

Finals Week Schedule

Finals Week

1/2 day for Student