Вы находитесь на странице: 1из 5

Santa Monica College

Fall 2016

Instructor: Cesar Rubio, CPA


E-Mail: rubio_cesar@smc.edu

Office Location: BUS 220H


Office Hours: TTH 12:45pm 1:45pm & W 5:30pm 6:30pm
Office Phone: 310-434-4846

Course Title: Acct 1 Introduction to Financial Accounting (5 Units)


Course Section: 1004
Day & Time: Tuesday and Thursday - 8:30am 10:55am
Room: BUS 254

Course Description

This course introduces the student to the sole proprietorship, partnership, and corporate forms of ownership. This course
also familiarizes the student with recording, classifying and interpreting financial data for service and merchandising
businesses. It includes a study of the journals, ledgers and financial statements used by these entities. Also covered are
computerized accounting systems, internal control, ethics, cash, accounts and notes receivable, merchandise inventory,
plant assets and intangible assets, liabilities, and equity accounts.

Upon completion of this course the student will be able to:


Describe the nature of a business, the role of accounting in business, the importance of business ethics, the basic
principles of proper ethical conduct, the profession of accounting, and the financial statements of a proprietorship
and explain how they interrelate.
Explain why accounts are used to record and summarize the effects of transactions on financial statements, and
describe the characteristics of an account.
Explain how the matching concept relates to the accrual basis of accounting and why adjustments are necessary.
Prepare a work sheet. Prepare financial statements and adjusting and closing entries from a work sheet.
Define an accounting system and describe its implementation from a managerial perspective.
Distinguish the activities of a service business from those of a merchandising business.
Describe the nature of cash and the importance of internal control over cash.
List the common classifications of receivables.
Summarize and provide examples of internal control procedures that apply to inventories.
Define fixed assets and describe the accounting for their cost.
Define and give examples of current liabilities.
Describe the characteristics and advantages and disadvantages of the partnership form of business organization.

Student Learning Outcomes


Students will be able to record, classify and interpret financial data and prepare reports for service and
merchandising businesses.
Title IX Regulation
Santa Monica College and the Business Department welcome students from all over the world with various backgrounds
and life experiences. SMC is committed to fostering a safe and productive learning environment. SMC has zero tolerance
Page 1 of 5
for discrimination, and/or sexual harassment, which includes sexual misconduct such as, domestic and dating violence,
sexual assault, sexual exploitation, and stalking. Any sexual violence or physical abuse, as defined by California law,
whether committed by an employee, student, or member of the public, occurring on college-owned or controlled property,
at college-sponsored or supervised functions, or related to or arising from college attendance or activity is a violation of
District policies and regulations, and is subject to all applicable punishment, including criminal and/or civil prosecution
and employee or student discipline procedures.

SMC Students assume an obligation to conduct themselves in a manner compatible with the colleges function as an
educational institution, which respects the rights of others to learn, and to acknowledge the academic freedom to teach and
communicate in an environment that fosters learning and creativity. With that in mind, it is important to keep a respectful
tone and attitude when communicating and interacting with your colleagues. You are the only you. No one else will have
your sensibilities of what is funny or interesting. Part of being respectful is also realizing that someone else may be
offended by something you think is every day normal.

Students who have experienced some form of sexual misconduct or discrimination are encouraged to talk to someone
about their experience, so they can get the support they need. To learn more about support available for students, please
see http://www.smc.edu/StudentServices/SVPE/Pages/What-is-Title-IX.aspx. You can also call Lisa Winter, Compliance
Administrator Title IX Coordinator, at 310-434-4225.

General Course Information

Contact me in person by coming to my office during office hours, via email or phone. If you email me, please
enter your last name, course name and section in the subject line area of your email. (For example, Subject:
Rubio-ACCT 1-1004.) This will help me prioritize my emails and get back to you as soon as possible. My goal is
to reply to you within 24 hours.
Textbook and Materials - required for this course is as follows:
1. Fundamental Accounting Principles w/Access (loose-leaf Pkg.), 21st Edition,
ISBN 9781259175084
2. A basic calculator
3. Reliable and stable internet access to view PowerPoints slides, notes, assignments, chapter quizzes,
exams, announcements, news articles, discussions and handouts.
Drop Policy You are ultimately responsible for dropping the class if you decide not to continue with this class,
but I will drop students for not significantly participating in class. You are also responsible for understanding
Santa Monica Colleges drop policy and drop deadlines.
Code of Academic Conduct - You have the responsibility to familiarize yourself with The Code of Academic
Conduct, which is printed in the General Catalog and available online at smc.edu. Please be extremely careful
that you do not engage in any behavior that could even be construed as cheating, as I do not accept cheating as a
method to complete the course. Violations could result in failing grades, reports to the Campus Disciplinarian and
subsequent academic disciplinary action.
Disability Accommodation - the Disabled Student Center (DSC) determines Learning disability. It is your
responsibility to contact the DSC regarding your disability so accommodation can be arranged for you. Note that
it takes time to set up accommodation; therefore, you need to email me regarding your need for accommodation
as soon as possible. You should also make sure your DSC counselor email me to verify the approval for your
accommodation.
McGraw-Hill Connect

Connect is an online assignment management system where you will perform and submit your assignments and quizzes
via Canvas. Do not access Connect outside of Canvas, because your assignments and quizzes will not be linked to your
gradebook and will not be graded.

When you purchase the textbook, the textbook will come with a code unless you purchase the code separately. You
need to register the code via Canvas, so you can access the assignments and quizzes. Register the code in Canvas
ONLY! When you log into Canvas, you will see a tab entitled, McGraw-Hill Connect; you need to click on it and
Page 2 of 5
follow the directions to enter the code. It will ask you to log into your account first before it asks to enter the code. If you
dont have an account, you will have the chance to create and open an account.

After you enter the code, you will be connected with Connect for the whole semester, so there is no need to sign in
every time to do the assignments and quizzes. To do the assignments and quizzes, you need to check the weekly module
(i.e. Chapter 1, Chapter 2, etc.) and click on the homework and quiz folder listed under the module, and it will take you
directly to them.

Course Assignments

Homework
You will have a week (Monday to Sunday) to complete the weekly assignments online. Homework assignments will be
available Mondays, and you will have until Sunday at 11:59pm to submit it unless I post a different due date. Late work is
not accepted, so I do not offer partial credit for turning things late. Make sure you have a reliable internet connection to
perform the assignments online, because you do not want to lose points due to technology issues. You will have 1 attempt
to submit and unlimited check my work capabilities. Check my work is a features that allows you to check your
homework before submitting it for grading. You will not be allowed another chance if you submit by mistake. The lowest
score will be dropped.

Interactive Activity
This is an interactive chapter review activity. You will go through the video and answer questions throughout the video.
There will be an interactive activity for every chapter. The number of questions per activity will vary between 5 to 10
questions. You will have 1 attempt to complete it. The lowest score will be dropped.

Learn Smart
This is an adaptive learning tool. You will be required to answer questions such as multiple-choice, fill in the blanks and
True/False questions. This activity is designed to be completed in 30 minutes if you get all the questions correctly the first
time around, but it may take you longer if you do not since it will continue given you questions (adaptive) until you are
done with the set. You will see a progress bar at the bottom of the screen. The lowest score will be dropped.

Learning Assignment Extra Credit


These are additional assignments that will continue to emphasize the topics covered in the chapter. They are very similar
to the homework assignments. These are not required, but they are worth 2 extra credit points for those who are interested.

Group Presentations

Students will be put into groups to present a case to the class. Every group member needs to participate to receive points.
Participation means presenting and contributing to the presentation. Cases will be provided ahead of time to give you
time to prepare.

Examinations

Quizzes
There will be weekly quizzes, and they will be composed of 10 T/F and/or Multiple Choice questions, and it will be on the
chapter covered that week. The quiz will be available on Monday, and it will close on Sunday at 11:59PM PST. The
lowest score will be dropped.

Exams
There will be four (4) exams covering specific topic: Exam 1: Accounting Cycle, Exam 2: Inventories, Exam 3:
Accounting Systems, Cash, Accounts Receivables, and Plant Assets, and Exam 4 (final exam): Current Liabilities, Payroll
and Accounting for Partnerships. I will provide a short review to prepare you for the exam. The exam grade is composed
of problems (80%) and multiple choice questions (20%).

Page 3 of 5
Grade Distribution and Evaluation

Grade Min. Pts Max. Pts Activity Available Graded %


A 90% 100%
B 80% 89% Homework (12 x 10) 120 110 10%
C 70% 79% Interactive (12 x 6) 72 66 7%
D 60% 69% Learn Smart (12 x 6) 72 66 7%
F 59% Quizzes (12 x 20) 240 220 22%
Exams (4 x 100) 400 400 40%
Group Presentation 75 75 7%
Participation 75 75 7%
Total 1,054 1,012 100%

Course Outline

Assignments
Week Chapter Topic
Due Date
Chapter 1 - Due Date: 09/11/2016
Introduction
LearnSmart
8/30/16
1 Assignments & Quiz
Accounting in Business

Chapter 2 - Due Date: 09/5/2016


9/06/16 Analyzing and Recording Transactions
2 LearnSmart

Chapter 2 - Due Date: 09/18/2016


Analyzing and Recording Transactions
Assignments & Quiz
&
9/13/16
2&3 Adjusting Accounts and Preparing
Chapter 3 - Due Date: 09/14/2016
Financial Statements
LearnSmart

Chapter 3 - Due Date: 09/25/2016


Adjusting Accounts and Preparing Assignments & Quiz
Financial Statements
9/20/16
3&4 & Chapter 4 - Due Date: 09/25/2016
Completing the Accounting Cycle Assignments & Quiz
LearnSmart (9/21/2016)

Exam No. 1 (Chapter 1 4) Chapter 5 - Due Date: 10/02/2016


5 Assignments & Quiz
9/27/16
Accounting for Merchandising Operations LearnSmart (9/28/2016)

Chapter 6 - Due Date: 10/09/2016


6 Inventories and Cost of Sales Assignments & Quiz
10/04/16
LearnSmart (10/03/2016)

Page 4 of 5
Exam No. 2 (Chapter 5 & 6) Chapter 7 - Due Date: 10/16/2016
& Assignments & Quiz
10/11/16 7
Accounting Information Systems LearnSmart (10/12/2016)

Chapter 8 - Due Date: 10/23/2016


10/18/2016 8 Cash and Internal Controls Assignments & Quiz
LearnSmart (10/17/2016)

Chapter 9 - Due Date: 10/30/2016


10/25/2016 9 Accounting for Receivables Assignments & Quiz
LearnSmart (10/24/2016)

Chapter 10 - Due Date: 11/6/2016


Plant Assets, Natural Resources, and
11/01/2016 10 Assignments & Quiz
Intangibles
LearnSmart (10/31/2016)

Exam No 3 (Chapter 7 10)


Chapter 11 - Due Date: 11/09/2016
11/08/2016 11
LearnSmart
Current Liabilities and Payroll Accounting

Chapter 11 - Due Date: 11/20/2016


11/15/2016 11 Current Liabilities and Payroll Accounting
Assignments & Quiz

No Class 11/24/2016 Thanksgiving


11/22/2016 12 Accounting for Partnerships
Chapter 12 - Due Date: 11/21/2016
LearnSmart

Accounting for Partnerships Chapter 12 - Due Date: 12/04/2016


11/29/2016 12 Assignments & Quiz
Group Presentations

12/06/2016 Group Presentations

Final Exam 8:00am 11:00am


12/13/2016
Exam No 4 (Chapter 11 12) Thursday, December 15, 2016

This schedule is tentative and may change by the Instructor.

Page 5 of 5

Вам также может понравиться