FUNDAMENTALS OF ACCOUNTING

ACC101
Course Information Course Title: Course Prefix, Number & Section: Credits: Course Description Fundamentals of Accounting
ACC 101- 400

3
Presents the basic elements and concepts of accounting, with emphasis on The procedures used for maintaining journals, ledgers, and other related records, and for the completion of end-of-period reports for small service and Merchandising businesses.

Prerequisite(s)/Corequisites: Semester and Year: Meeting Location, Times and Days: Start January 24, 2013 Date: Instructor Information Name: Voice Mail: Fax: e-mail: Office Location: Office Hours:

None Spring Semester 2013 CCD- Thursday 5:00-7:45 Room South Room 207 End Date: May 13, 2013

Christine Kuglin Please use email. Christine.kuglin@ccd.edu Cherry Creek Building / South Classroom 201 Thursday 4:00-5:00 West Classroom student lounge first floor We will discuss this location in class,

DATES TO REMEMBER! Spring semester break: March 25-31, 2013 Last day to drop and receive a refund February 8, 2013 Last day to drop and receive a W April 21, 2013 Required Course Materials College Accounting, Chapters 1-12, 11th Edition Tracie L. Nobles; Cathy Scott; Douglas J. McQuaig; Patricia A. Bille Textbook ISBN-10: 1-11152812-8 Textbook ISBN-13: 978-1-11152812-6 IV. Course Outcomes/Competencies a. Define and identify assets, liabilities, owners equity, revenues, expenses, debit, credit and the accrual basis of accounting. b. Analyze transactions in relationship to the accounting equation. c. Record transactions for service businesses in an accounting system. d. Complete end-of-period work including preparing adjusting entries, financial statements, and closing entries. e. Identify advantages and disadvantages of using both computerized and manual systems. f. Account for cash transactions and prepare bank reconciliations.

Center for Creer & Technical Education Auraria Campus, Plaza 262 Christine.kuglin@ccd.edu

g. Record transactions for a merchandising business in an accounting system using special journals. CCD Policies and Procedures Student Code of Conduct and Academic Integrity Americans with Disabilities Act 2008 Admission to the Community College of Denver implies that you agree to respect the rights of others and observe moral and civil laws. Interference with the normal processes of education in the classroom or elsewhere on the campus will be regarded as unacceptable conduct, warranting suspension or dismissal. Complete Student Code of Conduct is at this web site: http://www.ccd.edu/ccd.nsf/html/CCD+Student+Code+of+Conduct All students who identify themselves to faculty as having a disability or suspect that they have a disability are encouraged to contact the Center for Persons with Disabilities (CPD), to be renamed the Accessibility Center (AC) in October, 2012. The CPD (AC) office is located in room 134, South Classroom Building, 1st Floor. Faculty is not obligated to provide accommodations without proper notification from the CPD (AC) Office. Students may also contact CPD (AC) staff by telephone to make an appointment for an intake at (303) 556-3300 or by email at ccd.cpd@ccd.edu. More information is available at http://www.ccd.edu/department/PersonswithDisabilities Incomplete: An "I" indicates that the course objectives are not yet fulfilled. It is the responsibility of the student to request, if needed, the assignment of an incomplete grade. The instructor's decision to authorize or not authorize an incomplete grade is final. The student must have completed 75% of the class with a C or better, and must complete the rest of the work with the same instructor. Arrangement for the completion of the course must be made with the instructor prior to the assignment of the "I" grade. This agreement must be written on a Contract for Incomplete Grade Form. The instructor may allow up to one full semester for the student to complete missing requirements. "I" grades not changed by the end of the following semester will automatically become failing grades (F).

Grade of Incomplete

Course Policies and Procedures Attendance Attendance in this course is crucial to your success in mastering the course Policy material! Attendance will be taken during each class meeting the entire semester. It is your responsibility to inform your instructor of the reason for your absence in a timely manner. It is your responsibility, even when absent, to obtain all materials and complete all assignments. The sign-in sheet will be passed out in class; please sign in every class period.

Professor Kuglin Spring semester 2013

ACC101-400

Center for Creer & Technical Education Auraria Campus, Plaza 262 Christine.kuglin@ccd.edu

Grading Scale (Adjust where necessary.)

The grading scale most often used is: A 90-100% Superior mastery or achievement. B 80-89% Better than average mastery or achievement. C 70-79% Acceptable mastery or achievement. D 60-69% Less than acceptable mastery or achievement. F Below 60% Fails to demonstrate achievement of course objectives. Evaluation Methods and Grading Policies Testing Units: Your grade will be the average of 4 exams, 8 chapter exercises, and practice set. Test # 1........Chapters 1 & 2 ..................................................................100 points Test # 2........Chapters 3 & 4...................................................................100 points Test # 3........Chapters 5 & 6...................................................................100 points Test # 4........Chapters 7 & 8...................................................................100 points Chapters Exercises (Assignments)each chapter 25 pts.......................200 points Practice Set (Place your Practice Set in a binder)..................................200 points Total ............................................................................800 points Extra Credit - in class group quizzes..................................................... 50 points See your instructor to schedule a Make-up Exam. Make-ups are highly discouraged. Retakes There are no retakes on exams. The extra credit you can earn by
attending all classes is a method to supplement your points if an exam outcome was not as you had hoped. Attend all classes, earn extra points and you will understand the material so you will succeed on your exams! Late work- Your work is due on the date it is assigned, please see assignment sheet. NO EXCEPTIONS! I WILL NOT TAKE LATE WORK!!

Exam Makeup

Late Work Cheating/Pla giarism

Cheating and plagiarism are serious offenses and represent violations of college policy. These violations will not be tolerated and will be dealt with according to the Academic Integrity Procedures. For purposes of this course, cheating or plagiarism in any form will result in a grade of zero for the assignment or examination in questions, and the incident may be reported to the college administration. Cheating and plagiarism include, but are not limited to, 1 Copying the work product of another person 2 Representing the work of another person or entity as ones own, without proper attribution, in a written assignment or paper; and 3 Communicating about matters during an examination with any person other than the instructor. Any specific rules about conduct during examinations will be provided prior to the examination. V. Outline: a. Accounting Terminology b. Accounting Cycle c. Accounting Cash d. Merchandising Business

Professor Kuglin Spring semester 2013

ACC101-400

Center for Creer & Technical Education Auraria Campus, Plaza 262 Christine.kuglin@ccd.edu

Chapter

PART ONE: THE ACCOUNTING CYCLE FOR A SERVICE BUSINESS ANALYZING BUSINESS TRANSACTIONS
January 24 - February 14

Assignments From A Exercise

Exercise: 1-1, 1-2, 1-4, 1-6,1-7 Problem: 1-1A & 1-2A Due: 2/7/2013 Exercise:2-1, 2-2, 2-3, 2-7, Problem 2-1A & 2-2A Due: 2/14/2013

Points

Assets, Liability, Owners Equity, Revenue and Expense Account T Accounts, Debit and Credits, Trial Balance, and Financial Statements Exam 1 - Chapters 1 & 2 February 21 - March 14
The General Journal & The General Ledger

_____/25

_____/25

February 14, 2013

3

_____/100
Exercise: 3-2, 3-3, 3-5, 3-7, 3-8, Problem 3-3A & 3-1B Due: February 28, 2013 Exercise: 4-2, 4-3, 4-1, 4-4, Problem: 4-2A, 43A,4-4B Due: March 14, 2013 _____/25

Adjusting Entries and the Work Sheet

_____/25

March 14, 2013

Exam 2 Chapters 3 & 4 _____/100 March 21-April 18 Closing Entries and the post-Closing Trial Balance PRACTICE SET- ACCOUNTING CYCLE REVIEW PROBLEM A & B Place your complete Practice Set in a binder & Turn in Due date: 5/2/2013 PART TWO ACCOUNTING FOR CASH AND PAYROLL Bank Accounts and Cash Funds

Exercise: 5-1, 5-3, 5-4, 57 Problem: 5-1A,5-2A & 5-2B Due: April 4, 2013

_____/25

Exercise 6-1,6-2, 6-4, 6-5 Problem 6-4A, & 6-1B Due: April 18, 2013

_____/25

April 18, 2013

Exam 3 Chapter 5 & 6 _____/100 April 18 - May 9 Employee Earnings and Deductions

Employer Taxes, Payments, and Reports

Exercise 7-1, 7-2, 7-3, 75, 7-6 & 7-7 Due: May 2, 2013 Exercise 8-1, 8-2, 8-4, 8-5, 8-6 & 8-7 Due: May 09, 2013

_____/25 _____/25

May 9, 2013

Exam 4 Chapters 7 & 8 _____/100 PRACTICE SET DUE: May 2, 2013 _____/200

Professor Kuglin Spring semester 2013

ACC101-400