ACCO 101:  General Accounting

Fall 2008

Instructor Michael Papke
Phone (269) 965-4121 ext. 2509
Office Hours:
Online:		 Varied. It is best to contact me via e-mail at papkem@kellogg.edu.
I will respond to student e-mail within two work days.
Course Prerequisites None
Textbook Required: 
  • Textbook: Accounting Principles, Eighth Edition, Weygandt,
  • Working papers: Excel Working papers CD, Eighth Edition
  • Practice set: Friend's Tire Shop - V8.O - can only be purchased at the KCC Bookstore

Optional: Study Guide-Volume 1, Chapters 1 - 13, Eighth edition

These items can be purchased from the Kellogg Community College bookstore, either in person or by calling the bookstore at (269) 965-4128.  You will need to give the bookstore your credit card information for the books and for a nominal additional charge they will ship the books to you via UPS.
Online Course Features and Requirements Number of tests: Three  of which all  must be proctored at a KCC site or through the Michigan Community College Virtual Learning Collaborative system.

Required on campus sessions: None

Number of assignments: Ten chapters will be covered with an average of 4 exercises and 3 problems per chapter, plus one 15 question on-line quiz per chapter.

Estimated time per week:  Varies by student.

Group interaction:  None required.  Students can use the e-mail feature within the course to communicate with each other if they choose.

Scheduled activities: Self-paced.  Only requirement is that students must complete through Chapter 5 by the mid-term date of the course and complete all other activities by the end date of the semester. 

Requirements:  Students must have access to the following:

  • Equipment:  You will need a computer that is able to access and interact with the Web. For best results, a Pentium or PowerMac with a 56 Kbps or faster modem and 256 MB or more of RAM should be considered the minimal system.
  • Software:  You will need one of the following Internet browsers: Microsoft Internet Explorer 6 or higher; Firefox; Mac users may use Safari or Firefox.
  • Internet connection: Home users need Internet access through an Internet Service Provider (ISP) that offers a reliable connection to the Internet.
Course Site http://bb.kellogg.edu
Description An introductory course in accounting which includes the recording and reporting of
business transactions, completing the accounting cycle, and preparation of financial statements. Through exercises and problems, the student gains an understanding of the accounting process and the steps which result in financial statements. This course is required prior to enrolling in ACCO 102.
Objectives
  1. The student will understand the accounting equation.
  2. The student will understand the concept of double entry accounting, debits equal credits.
  3. The student will be able to journalize and post accounting transactions.
  4. The student will be able to prepare financial statements - balance sheet and income statement.
  5. The student will be able to complete an accounting cycle - including adjusting entries and worksheet.
  6. The student will be able to control cash transactions.
  7. The student will be able to account for accounts receivable, notes receivable,
    inventories and cost of goods sold.
  8. The student will be able to account for plant and equipment along with various depreciation methods.
  9. The student will be able to record payroll transactions.
  10. The student will be able to complete a practice set designed as a realistic set of records for one month of operations for a merchandising business.
Grading

ACTIVITY

 POINTS
Homework exercises and problems 200
Practice Set (including test) 200
Ten quizzes (15 points each) 150
Two exams (175 points each) 350

TOTAL

 900
Grading Scale GRADES
94% - 100% = A
90% - 93% = A-
87% - 89% = B+
83% - 86% = B
80% - 82% = B-
77% - 79% = C+
70% - 76% = C
67 % - 69% = D+
63% - 66% = D
60% - 62% = D-

Last modified: April 01, 2008 by Linda Younglove © Copyright 2001, Kellogg Community College. All rights reserved.