Accounting Information System Chapter 13 Homework

							                        Shaw University
         Department of Business and Public Administration
                 Course Description and Outline
                         SHAW UNIVERSITY
            Department of Business and Public Administration
                               Fall 2007
                            Durham Cape
                            Classroom # 4
                     August 16-December 6, 2007
                            5:45PM-7:00PM

                              COURSE SYLLABUS


COURSE TITLE:         ACC 241 Principles of Accounting I

PROFESSOR:            Levi A. Beckwith, MBA, MSAcc, CPA
                Assistant Professor of Business Administration


OFFICE: TOS WOMENS DORM – RM A104
OFFICE HOURS:                                 , Other Hours by Appointment
PHONE: (W) 546-8498, (C) 264-9082
EMAIL: lbeckwith@shawu.edu


TEXTBOOK:          Accounting, 2nd Ed., Kimmel, Weygandt, Kieso (Wiley)

DESCRIPTION:       Study of basic financial accounting concepts stressing preparation
                      and analysis of financial statements.

CREDIT HOURS:      3 class hours; 3 credit hours;

PREREQUISITE(S):   MAT 111 and MAT 112

PEDAGOGY:          Class sessions will be combination of lecture, problem solving and
                   discussions.
COURSE GOALS:
  • Provide a working knowledge of basic accounting principles.
  • Understand how accounting affects and is affected by its environment, especially as it
    relates to ethical dilemmas.
  • Understand the importance of accounting in society as it relates to the users of financial
    statements.


OBJECTIVES:
To explain and demonstrates basic financial accounting principles relative to:

   •   Uses of accounting information and the financial statements
   •   Measuring business transactions
   •   Measuring business income
   •   Accounting information systems
   •   Financial reporting and analysis
   •   Merchandising operations and internal control
   •   Short-term financial assets
   .

EXPECTED
OUTCOMES:             Upon the successful completion of this course, the student will be able to:
                             a. Understand purpose of Generally Accepted Accounting
                                      Principles;
                             b. Prepare a corporate set of financial statements;
                             c. Analyze and interpret a corporate set of financial statements;
EVALUATION:                  Class Attendance/Homework                     10%
                             Term Project **                               10%
                             Examinations (4 Exams @ 20%)                  80%
                                                                           100%

Students will have 4 unit exams. The exams must be taken when scheduled. Make-ups will only
                              be given in event of emergency.

MAKE-UP EXAM MAXIMUM POINTS

Exams not taken at scheduled time but before exams returned – MAX 80%.
Those taken after exams are returned - MAX 63%.


** Term Projects – Using library resources, prepare a 3 page report on a topic related the
                             ethics in accounting.




MAKE-UP EXAM MAXIMUM POINTS

Exams not taken at scheduled time but before exams returned – MAX 80%.
Those taken after exams are returned - MAX 63%.


** Term Projects involve an analysis of corporate annual report. The should focus on financial
                             accounting concepts discussed in class.



CHEATING POLICY: Anyone caught cheating on an exam/assignment will be given a ZERO.
                    Please note that cheating includes plagiarism.

ATTENDANCE RULE: If there is an emergency and you cannot attend class, the courtesy of a
                      telephone call or e-mail is expected.
                   TENTATIVE COURSE SYLLABUS
ACC 241—PRINCIPLES OF ACCOUNTING I –FALL 2007
DATE             DESCRIPTION                              ASSIGNMENT
Thur. Aug 16     Chapter I Introduction to Financial      Read Chapter
FIRST CLASS      Statements
Tues. Aug 21     Chapter I Introduction to Financial
                 Statements
Thurs. Aug 23    Chapter I Homework/Exercises             E1-7, 8,10,15

Tues. Aug 28     Chapter 2 A Further Look at Financial    Read Chapter
                 Statements
Thur. Aug 30     Chapter 2 A Further Look at Financial
                 Statements

Tues. Sept 4     Chapter 2 Homework/Exercises             E2-5, 6,7; P2-4A, 6A
Thurs. Sept 6    Chapter 1 & 2 Exam Review

Tues. Sept 11    EXAM #1 CHAPTERS 1 & 2
Thurs. Sept 13   Chapter 3 The Accounting Information     Read Chapter
                 System

Tues. Sept 18    Chapter 3 The Accounting Information
                 System
Thurs. Sept 20   Chapter 3 Homework/Exercises             E3-3-9, 13; P3-5A

Tues. Sept 25    Chapter 4 Accrual Accounting Concepts    Read Chapter
Thurs. Sept 27   Chapter 4 Accrual Accounting Concepts

Tues. Oct 2      Chapter 4 Homework /Exercises            E4-1, 7; P4-4A, 9A
Thurs. Oct 4     Chapter 3 & 4 Exam Review

Tues. Oct 9      EXAM #2 CHAPTERS 3 & 4
Thurs. Oct 11    Chapter 5 Merchandising Operations and   Read Chapter
                 the Multiple_Step Income Statement

Tues. Oct. 16    Chapter 5 Merchandising Operations and
                 the Multiple_Step Income Statement
Thurs. Oct 18    Chapter 5 Homework/Exercises             E5-2, 6, 9; P5-1A


Tues. Oct 23     Chapter 6 Reporting and Analyzing        Read Chapter
                 Inventory
Thurs. Oct 25    Chapter 6 Reporting and Analyzing
                 Inventory
Tues. Oct 30    Chapter 6 Homework/Exercises          E6-4,5, 8, 9,11; P6-4A
Thurs. Nov 1    Chapter 5 & 6 Exam Review

Tues. Nov 6     EXAM #3 CHAPTERS 5 & 6
Thurs. Nov 8    Chapter 7 Internal Control and Cash   Read Chapter

Tues. Nov 13    Chapter 7 Internal Control and Cash
Thurs. Nov 15   Chapter 7 Homework/Exercises          E7-3, 7, 9, 12, 13; P7-4A


Tues. Nov 20    Chapter 8 – Reporting and Analyzing   Read Chapter
                Receivables
Thurs. Nov 22   HOLIDAY

Tues. Nov 27    Chapter 8 Homework/Exercises          E8-3-8, 10,11; P8-3A
Thurs. Nov 29   Chapter 7 & 8 Exam Review

Week of Dec 4   EXAM #4 CHAPTERS 7 & 8
                FINAL EXAM
Student Classroom Decorum Expectations:
To enhance the learning atmosphere of the classroom, students are expected to dress and
behave in a fashion conducive to learning in the classroom. Students should dress up on
Shaw Pride Tuesday. Students should refrain from disruptive classroom behavior (i. e.,
talking to classmates, disrespectful responses to teacher instructions; swearing; wearing
clothes that impede academic learning such as but not limited to, wearing body-revealing
clothing and excessively baggy pants; hats/caps, and/or headdress. Students should turn
off telephones prior to entering the classroom. Students who exhibit the behaviors
described above, or similar behaviors will be immediately dismissed from class at the
third documented offense. The student will be readmitted to class only following a
decision by the department chair. The student may appeal the decision of the department
chair to the Dean of the College offering the course, and, subsequently, to the Office of
the Vice President for Academic Affairs, and then to the President of Shaw University.
The decision of the President will be final. Failure to follow the procedures herein
outlined will result in termination of the appeal, and revert to the decision of the
department chair.

Each behavior construed by the teacher/professor as non-contributive to learning will be
recorded, properly documented, and appropriately reported to the student and to the chair
of the academic department offering the course. The report will be in written form with a
copy provided to both the student and the department chair. The faculty member should
retain a copy for his/her own records.

Additional student behavior codes may be found in Student Affairs.