Instructor: Bonnie Lewis
An introduction to the basic theory and techniques of contemporary financial
accounting. Topics include the accounting cycle and the preparation of
financial statements for single-owner business organizations that operate as
service companies or merchandisers. Students may receive credit for only one
of the following courses: ACCT 220 or BMGT 220.
This course will introduce you to the basic knowledge, skills and abilities
needed for accounting. In particular, we will review the use of debit and credit
entries affecting the five basic accounts (assets, liabilities, equity, revenues, and
expenses). This course will demonstrate how to prepare financial statements,
and discuss how they are used in the business environment, particularly the
service and merchandising industries.
Topics will include identifying transactions of the five basic accounts, posting
to the general ledger system, adjusting entries, and completing the accounting
cycle. You will be introduced to current assets, long-lived assets, long term
liabilities and current liabilities, including payroll liabilities. Finally, you will
be introduced to the concepts and financial transactions that are significant to
This course moves quickly so it is very important to keep up-to-date. Each
week you may be responsible for completing the following activities:
Chapter reading assignments
Please refer to the “Course Schedule” section of this syllabus to obtain a
detailed listing of your weekly assignments.
After successfully completing ACCT 220, the student should be able to:
Describe the basic nature of the accounting profession and its role in the
global business economy
Utilize technology to research; create graphs, charts, and tables for
financial reporting; and perform routine accounting tasks
Communicate clearly and concisely using terminology consistent with
the professional accounting community
Analyze specific business situations, then identify and apply the relevant
Record specific business transactions in accordance with generally
accepted accounting principles.
Fundamental Accounting Principle, 19th Edition, John J. Wild, Ken W. Shaw,
Barbara Chiappetta. 2009.
Software: Microsoft Word and Excel.
Proctored Exam 40%
A 90% - 100%
B 80% - 89%
C 70% - 79%
D 60% - 69%
F less than 60%
• Active participation in conferences is required. In the weekly conferences
(WEEK1, WEEK 2, etc.), each student must follow the instructions posted for
that particular week. If you fall behind on your required postings, it will be
difficult, if not impossible, to catch up later.
• Conferences will include a mixture of quantitative and qualitative topics.
• It is ESSENTIAL that chapter reading assignments be completed very early in
the week or preferably prior to the beginning of each week. Your participation
grade is based not only on the quantity of your postings, but on the QUALITY
of your postings. Quality of information is especially important in accounting.
Therefore, completing the weekly chapter reading is a prerequisite to
• Participation will be assessed twice during the term. Participation for Weeks
1-5 will be assessed at the conclusion of Week 5. Participation for Weeks 6-10
will be assessed at the conclusion of Week 10.
• There will be 8 assignments during the course that must be submitted for
grading. All assignments must be sent to the Assignments Folder. Assignments
received via email will not be accepted.
• The recommended format for assignment submissions is one Excel file
containing all worksheet.
• Please refer to the Course Schedule to view the due dates for each problem.
Late submissions will not be accepted (after the due date has passed, you will
be unable to submit your assignment to WebTycho).
Week Session Readings, Assignments, and Due Dates
1 June 13-June Chapter 1: Accounting in Business
19 Chapter 2: Analyzing and Recording Transactions
Problem 2-2A (Due June 19)
Week 1 Conference
2 June 20- Chapter 3: Adjusting Accounts and Preparing Financial
Problem 3-3A (Due June 26)
Week 2 Conference
3 June 27- July Chapter 4: Completing the Accounting Cycle
3 Problem 4-2A (Due July 3)
Week 3 Conference
4 July 4- July Chapter 5: Accounting for Merchandising Operations
10 Problems 5-3A (Due July 10)
Week 4 Conference
5 July 11 – Chapter 6: Inventories and Cost of Sales
July 17 Problem 6-5A (Due July 17)
Week 5 Conference
6 July 18- July Chapter 7: Accounting Information Systems
24 Problem 7-5A (Due July 24)
Week 6 Conference
7 July 25 – Chapter 8: Cash and Internal Controls
July 31 Problem 8-4A (Due July 31)
Chapter 9: Accounting for Receivables
Week 7 Conference
8 August 1- Reserve Proctored Exam
August 7 Chapter 10: Plant Assets, Natural Resources, and Intangibles
Problem 10-1A (Due August 7)
Week 8 Conference
9 August 8- Reserve Proctored Exam
August 14 Chapter 11: Current Liabilities and Payroll Accounting
Chapter 12: Accounting for Partnerships
Problem 12-4A (Due August 14)
Week 9 Conference
10 August 15- Proctored Exam Week
Late Submission Policies
Conference requirements must be completed during the scheduled week. There
will be no participation points awarded for late conference participation.
The proctored exam can only be taken during Week 10 except in emergency
Each assignment must be turned in by the due date listed in the course
schedule. After a due date has passed you will not be able to submit an
assignment to WebTycho.
The following is not written by your professor but accompanies your
academic syllabus for this course
UMUC Asia DE Administrative
Procedures and Practices
Ordering Course Materials:
Textbooks can be ordered online at the Asia DE Web site, http://webtext.asia.umuc.edu/. Books ordered from any
other source will be at the student's own risk. UMUC Asia cannot be responsible for problems encountered when
textbooks are ordered from sources outside of the Asia DE Web site.
Asia DE 10 week courses require all students to take a proctored exam at the end of the term. Students who do not
take the proctored exam will receive a failing grade for the course. All students are expected to make their
reservations during Weeks 8 and 9 of the session.
Asia based students should make their proctored exam reservation through the Asia DE online "Proctored
Exam Reservation" system (http://de.asia.umuc.edu/proctor/index.cfm), or through their local UMUC Asia
Europe based students must make their reservations through their local UMUC Europe Field Rep Office or
Students unable to test at either UMUC Asia or Europe facilities need to arrange for an alternate proctor.
For details go to http://de.asia.umuc.edu/proctor/index1.cfm, and submit the Alternate Proctor Request
Students who need to test outside of Proctored Exam week should review the information about early/late
testing at http://de.asia.umuc.edu/proctor/early_procedures.cfm, and follow the procedures outlined
Computer-Based Proctored Exams are a popular option for students testing at designated UMUC Computer Labs (only
available during the scheduled Proctored Exam Week). Ask your local UMUC Asia/Europe Field Reps or Computer Lab
Staff if their location is participating. Students at other locations or using an alternate proctor must take paper exams.
Important reminder: Keep your professor informed of your testing status. Occasionally exams (particularly paper
exams) take time to reach the professor or there are problems with exams being delivered. Therefore, when
Proctored Exam week arrives many professors will create a special "Proctored Exam Reporting" conference in the
WebTycho classroom where you can report "when", "where" and "how" you took the exam (by paper or computer). If
you do not report that you have taken your exam and it has not arrived by the end of the term, the instructor will give
you a failing grade for the course.
Summer 2011 Session 1 (10 Week Course Calendar)
Registration Dates: 11 Apr 2011 ~ 13 Jun 2011
Session Dates: 13 Jun 2011 ~ 21 Aug 2011
WEEK DATES ACTIVITY
1 JUN 13 ~ JUN 19 Normal Course Instruction Begins
2 JUN 20 ~ JUN 26 JUN 21 Last Day for 75% Tuition Refund
3 JUN 27 ~ JUL 3 JUN 30 Last Day for 50% Tuition Refund
4 JUL 4 ~ JUL 10 Normal Course Instruction
5 JUL 11 ~ JUL 17 Normal Course Instruction
6 JUL 18 ~ JUL 24 Normal Course Instruction
7 JUL 25 ~ JUL 31 Normal Course Instruction
8 AUG 1 ~ AUG 7 Make Reservation for Proctored Exam
9 AUG 8 ~ AUG 14 AUG 12 Last Date to Officially Withdraw;
Make Reservation for Proctored Exam
10 AUG 15 ~ AUG 21 Proctored Exam Week
For administrative assistance contact: firstname.lastname@example.org
For GoArmyEd issues contact: GoArmyEd@asia.umuc.edu
For WebTycho assistance on workdays contact: email@example.com
For WebTycho assistance on Saturdays and Sundays: http://support.umuc.edu/
For proctored exam information, please visit the Asia DE Website at http://de.asia.umuc.edu and click on
For proctored exam assistance contact: firstname.lastname@example.org
For textbook assistance: contact email@example.com
For MyUMUC help visit UMUC 360 Helpdesk - http://support.umuc.edu/
Support for UMUC Asia students is also available by phone at 225-3696 (DSN) or 81-42-552-2510 Ext. 5-
3696 (international comm.), Monday - Friday 7:30 a.m. - 4:30 p.m. (JST).
Ask your professor about his/her plagiarism policies. Here is some
further guidance on how to avoid plagiarism:
UMUC's Effective Writing Program "Helping Students Avoid Plagiarism"
UMUC's Online Writing Center "How to Avoid Plagiarism"
The University has a license agreement with Turnitin, a service that helps prevent plagiarism from Internet resources.
The professor may be using this service in this class by either requiring students to submit their papers electronically
to Turnitin or by submitting questionable text on behalf of a student. If you or the professor submit part or all of your
paper, it will be stored by Turnitin in its database throughout the term of the University's contract with Turnitin. If you
object to this temporary storage of your paper, you must let the professor know no later than two weeks after the
start of this class. Please Note: If you object to the storage of your paper on Turnitin, the professor may utilize other
services to check your work for plagiarism.
Students With Disabilities:
Reasonable accommodations are available for students who have disabilities and are enrolled in any program offered
at UMUC. For more information, students should contact the Director, Student Affairs or e-mail
Academic Policies are not course specific and are therefore created and housed separately from this document. You
may access and print Academic Policies from the Syllabus sub-menu in your WebTycho classroom or by going to these
links http://de.asia.umuc.edu/policies/ or http://www.umuc.edu/policy/category.shtml.
UMUC Asia DE syllabi are tentative and subject to change, if necessary. Changes will be announced with as much
notice as possible.