Principles of Accounting
Instructor: Patty Holmes, CPA
Office 806, Phone 964-6349
E- Mail phholmes@dmacc.cc.ia.us
Office Hours:
9:00-10:00AM MTWF
1:15-2:15PM MTW
Required
Materials:
|
Accounting Principles, Weygandt,
Kieso, Kimmel Fifth Edition Working Papers Vol 1 |
|
Optional: To be announced |
Schedule of
Chapters and Tests
|
Dates |
No.
of Days |
Chapter |
Assignments |
|
8/29
- 9/5 |
4 |
1
Accounting in Action |
All
Exercises + Probs 1-4A-5A |
|
9/6
- 9/11 |
3 |
2
The Recording Process |
To
be announced |
|
9/12
- 9/18 |
4 |
3
Adjusting the Accounts |
To
be announced |
|
9/19
- 9/25 |
4 |
4
Completing the Accounting Cycle |
To
be announced |
|
9/26 |
1 |
Comprehensive
Problem |
|
|
9/27 |
1 |
Test
Covering Chapters 1,2,3, & 4 |
|
|
9/29
- 10/3 |
3 |
5
Accounting for Merchandising Operations |
To
be announced |
|
10/4
- 10/10 |
4 |
6
Accounting Information Systems |
To
be announced |
|
10/11
- 10/16 |
3 |
7
Internal Control and Cash |
To
be announced |
|
10/17 |
1 |
Test
Covering Chapters 5,6, and 7 |
|
|
10/18
- 10/24 |
4 |
8
Accounting for Receivables |
To
be announced |
|
10/25
- 10/31 |
4 |
9
Inventories |
To
be announced |
|
11/1
- 11/8 |
5 |
10
Plant Assets, Natural Resources, and Intangible Assets |
To
be announced |
|
11/10 |
1 |
Test
Covering Chapters 8, 9, & 10 |
To
be announced |
|
11/13
- 11/15 |
3 |
11
Current Liabilities and Payroll Accounting |
To
be announced |
|
11/17
- 11/27 |
4 |
12
Accounting Principles |
To
be announced |
|
11/28
- 12/4 |
4 |
14
Corporations: Organization and Capital Stock Transactions |
To
be announced |
|
Based on published schedule |
1 |
Final |
|
CONSTRUCTION
OF THE COURSE:
Before
class, you should read the material that we will be covering in class. This will enable you to get clarification
regarding concepts in the text that caused you confusion. The instructor makes the assumption that you
have read the material before coming to class.
Accounting is a challenging subject.
Give yourself every opportunity to succeed.
I
am available for individual help outside of the class. In addition to the office hours listed at
the top, I am available by appointment in my office.
ASSIGNMENTS:
The
exercises and problems are to be completed as assigned. I will assign certain exercises and problems
each day. To obtain credit, you will
need to write them out and have them ready to hand in on the date identified in
class.
EVALUATION:
4
Exams 400
1
Comprehensive Problem 20
13
Quizzes (10 count) No makeup 100
13
Chapter Ex. (10 count) No late papers 50
Total 570
93% - 100% = A 90%-92% = A-
87%- 89% = B+ 83%-86%
= B 80%-82% = B-
75% - 79% = C+ 70%-74%
= C 65%-69% = C-
61% - 64% = D+ 58%-60% = D 55%-59% =
D-
There will be an opportunity to earn extra credit
points throughout the course.
COMPETENCIES
1. Explain accounting as an information
system.
2. Organize transaction data in
accounts.
3. Appraise the use of adjusting
entries.
4. Summarize the steps at the
completion of the accounting cycle.
5. Distinguish the accounts used to
record transactions for a merchandising
company.
6. Illustrate the use of special
purpose journals for a merchandising business.
7. Assess the importance of internal
control.
8. Demonstrate accounting for accounts
receivable and bad debts expense.
9. Summarize the accounting procedures
for notes payable and notes receivable.
10. Appraise how inventory valuation
methods affect income.
11. Perform accounting procedures for
long-term assets.
12. Discuss the development and conceptual
framework of generally accepted accounting
principles.
13. Perform accounting procedures for a
corporation’s stockholders’ equity.