PROGRAMMING METHODS

PRINCIPLES OF FINANCIAL ACCOUNTING

ACCT 2335

Course Prerequisites: None

Time of Class: 10:00 to 11:15 TTH

Course Description: Modern accounting theory and practices applied to entities.

Course Objectives: The objective of this course is to provide students with an understanding of the basic assumptions, principles, and mechanics of financial accounting. After completing this course, students should:

Be able to journalize and post transactions

Prepare a trial balance

Make adjustments and prepare an adjusted trial balance

Prepare the basic financial statements

Calculate the cost of goods sold

Understand accounting for inventories, accounts receivable, plant assets, and intangibles

Understand the basic assumptions and principles of financial accounting

Text(s): Accounting Principles, 6th ed. by Weygandt, Kieso, and Kell

Other Materials: None

Grading Methods: Test 1 100 points
Test 2 100

Test 3 100

Total 300 points
90%-100% A
80%-89% B

70%-79% C

60%-69% D

below 60% F

Attendance: You are expected to have attempted the assigned material before the material is covered in class. You should be prepared for all assigned problems during each class. If called upon, you are expected to be an active participant in this class. Routine absences from class will have a large, negative impact on your grade.

Examinations: Tentative examination dates are indicated on the syllabus. More information on the content and format of the exams will be provided as the material is covered in class. The tentative format for each exam includes multiple-choice and problems. No make-up exams will be given. If you are excused (by me) from taking an exam, your final exam will be adjusted accordingly. Programmable calculators (those that store text) are not permitted on the exams. Calculators without text storage capability are allowed.

Americans With Disabilities Act (ADA): Any student whose disabilities fall within ADA must inform the instructor at the beginning of the term of any special needs or equipment necessary to accomplish the requirements for this course. Various accommodations are available through the Adaptive Needs Program.

Class Procedure and Requirements: The student will be expected to attend scheduled class meetings and complete reading assignments prior to class. CLASSROOM ADMINISTRATION

Students are expected to:

1. Punctually attend all scheduled classes. Students who arrive at class after roll call will be counted absent.

2. Be responsible for all instructions and assignments given in class as well as for the supporting textbook content.

3. Read the textbook material before the lecture covering that material. This leads to a better understanding of the lecture (or lab) as well as the opportunity to ask questions about material(s) in the text that were unclear or that the student did not understand

Daily Assignments: See schedule below

Incomplete Work Policy: Any incomplete work at the end of the term will not be accepted unless the student can provide acceptable and clear documentation prior to grades being submitted to the Registrar.

Cheating Policy: If you are caught cheating, you will get a course grade of "F." Plagiarism is the act of stealing and passing off (the ideas or words of another) as one’s own or to commit literary theft: present as new and original an idea or product derived from an existing source (Webster’s New Collegiate Dictionary). Plagiarism will cause a student to get a course grade of "F".

Principles of Accounting I

Tentative class schedule

Date

Problems

Topic

August
21
Introduction chapter 1 basic accounting equation

23
p1-1A, p1-2A chapter 1 basic accounting equation

28
chapter 1 basic accounting equation

30
p2-1A, p2-2A, p2-1B, p2-2B, p2-3A (parts c-g) chapter 2 journalize, general ledger, trial balance

September
4
chapter 2 journalize, general ledger, trial balance

6
chapter 2 journalize, general ledger, trial balance

11
e12-3, p12-5A chapter 12 conceptual framework

13
p3-1A (parts a and c), p3-2A (parts a, c, and d), p3-6A chapter 3 adjusting entries, adjusted trial balance

18
chapter 3 adjusting entries, adjusted trial balance

20
Test 1

25
p4-1A, p4-3A, p4-4A, p4-5A chapter 4 worksheet, closing entry, classified statements

27
chapter 4 worksheet, closing entry, classified statements

October
2
chapter 4 worksheet, closing entry, classified statements

4
p5-1A, p5-4A[perpetual], p6.1A[periodic], p5-5A chapter 5 merchandise operations (cost of goods sold)

9
chapter 5 merchandise operations (cost of goods sold)

11
chapter 5 merchandise operations (cost of goods sold)

14
p8-3A, p8-3B chapter 8 internal controls, bank reconciliation

16
chapter 8 internal controls, bank reconciliation

18
Test 2

23
p9-1A, p9-4A, p9-6A [and B set] chapter 9 accounts receivable, notes receivable

25
chapter 9 accounts receivable, notes receivable

30
chapter 9 accounts receivable, notes receivable

November
1
p6-3A, p6-4A [and B set] chapter 6 inventory [LIFO, FIFO, Average]

6
chapter 6 inventory [LIFO, FIFO, Average]

8
chapter 6 inventory [LIFO, FIFO, Average]

13
p10-1A, p10-2A, p10-6A [and B set] chapter 10 plant assets, intangible assets

15
chapter 10 plant assets, intangible assets

20

22
Thanksgiving Holidays

26
chapter 10 plant assets, intangible assets

29
p11-1A, p11-4A [and B set] chapter 11 current liabilities, notes payable

December
4
chapter 11 current liabilities, notes payable

5
Dead Day

11
Final

Course Prerequisites:	None

Time of Class:	10:00 to 11:15 TTH

Course Description:	Modern accounting theory and practices applied to entities.

Course Objectives:	The objective of this course is to provide students with an understanding of the basic assumptions, principles, and mechanics of financial accounting. After completing this course, students should: Be able to journalize and post transactions Prepare a trial balance Make adjustments and prepare an adjusted trial balance Prepare the basic financial statements Calculate the cost of goods sold Understand accounting for inventories, accounts receivable, plant assets, and intangibles Understand the basic assumptions and principles of financial accounting
Text(s):	Accounting Principles, 6th ed. by Weygandt, Kieso, and Kell

Other Materials:	None

Grading Methods:	Test 1 100 points Test 2 100 Test 3 100 Total 300 points	90%-100% A 80%-89% B 70%-79% C 60%-69% D below 60% F

	Attendance: You are expected to have attempted the assigned material before the material is covered in class. You should be prepared for all assigned problems during each class. If called upon, you are expected to be an active participant in this class. Routine absences from class will have a large, negative impact on your grade.
	Examinations: Tentative examination dates are indicated on the syllabus. More information on the content and format of the exams will be provided as the material is covered in class. The tentative format for each exam includes multiple-choice and problems. No make-up exams will be given. If you are excused (by me) from taking an exam, your final exam will be adjusted accordingly. Programmable calculators (those that store text) are not permitted on the exams. Calculators without text storage capability are allowed.
	Americans With Disabilities Act (ADA): Any student whose disabilities fall within ADA must inform the instructor at the beginning of the term of any special needs or equipment necessary to accomplish the requirements for this course. Various accommodations are available through the Adaptive Needs Program.

Class Procedure and Requirements:	The student will be expected to attend scheduled class meetings and complete reading assignments prior to class. CLASSROOM ADMINISTRATION Students are expected to: 1. Punctually attend all scheduled classes. Students who arrive at class after roll call will be counted absent. 2. Be responsible for all instructions and assignments given in class as well as for the supporting textbook content. 3. Read the textbook material before the lecture covering that material. This leads to a better understanding of the lecture (or lab) as well as the opportunity to ask questions about material(s) in the text that were unclear or that the student did not understand

Daily Assignments:	See schedule below

Incomplete Work Policy:	Any incomplete work at the end of the term will not be accepted unless the student can provide acceptable and clear documentation prior to grades being submitted to the Registrar.

Cheating Policy:	If you are caught cheating, you will get a course grade of "F." Plagiarism is the act of stealing and passing off (the ideas or words of another) as one’s own or to commit literary theft: present as new and original an idea or product derived from an existing source (Webster’s New Collegiate Dictionary). Plagiarism will cause a student to get a course grade of "F".

Principles of Accounting I
Tentative class schedule
	Date	Problems		Topic
August	21	Introduction	chapter 1	basic accounting equation
	23	p1-1A, p1-2A	chapter 1	basic accounting equation
	28		chapter 1	basic accounting equation
	30	p2-1A, p2-2A, p2-1B, p2-2B, p2-3A (parts c-g)	chapter 2	journalize, general ledger, trial balance
September	4		chapter 2	journalize, general ledger, trial balance
	6		chapter 2	journalize, general ledger, trial balance
	11	e12-3, p12-5A	chapter 12	conceptual framework
	13	p3-1A (parts a and c), p3-2A (parts a, c, and d), p3-6A	chapter 3	adjusting entries, adjusted trial balance
	18		chapter 3	adjusting entries, adjusted trial balance
	20	Test 1
	25	p4-1A, p4-3A, p4-4A, p4-5A	chapter 4	worksheet, closing entry, classified statements
	27		chapter 4	worksheet, closing entry, classified statements
October	2		chapter 4	worksheet, closing entry, classified statements
	4	p5-1A, p5-4A[perpetual], p6.1A[periodic], p5-5A	chapter 5	merchandise operations (cost of goods sold)
	9		chapter 5	merchandise operations (cost of goods sold)
	11		chapter 5	merchandise operations (cost of goods sold)
	14	p8-3A, p8-3B	chapter 8	internal controls, bank reconciliation
	16		chapter 8	internal controls, bank reconciliation
	18	Test 2
	23	p9-1A, p9-4A, p9-6A [and B set]	chapter 9	accounts receivable, notes receivable
	25		chapter 9	accounts receivable, notes receivable
	30		chapter 9	accounts receivable, notes receivable
November	1	p6-3A, p6-4A [and B set]	chapter 6	inventory [LIFO, FIFO, Average]
	6		chapter 6	inventory [LIFO, FIFO, Average]
	8		chapter 6	inventory [LIFO, FIFO, Average]
	13	p10-1A, p10-2A, p10-6A [and B set]	chapter 10	plant assets, intangible assets
	15		chapter 10	plant assets, intangible assets
	20
	22	Thanksgiving Holidays
	26		chapter 10	plant assets, intangible assets
	29	p11-1A, p11-4A [and B set]	chapter 11	current liabilities, notes payable
December	4		chapter 11	current liabilities, notes payable
	5	Dead Day
	11	Final