ACCO 101 - Papke - Spring2009

ACCO 101: General Accounting

Spring 2009

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 working 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 via the KCC online bookstore.

Online Course Features and Requirements

Number of tests: Three, which 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: Students must complete online quizzes, exams 1 and 2 and the Practice Set Text by specific deadlines.

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.

Computer Access at KCC

It is assumed that students enrolled in this course have at their disposal appropriate equipment and software to complete the course work and communicate with other students. If there are problems with your equipment and/or software, it is possible to come to KCC's Campus and use the open computer lab in the Learning Resource Center. See KCC's web site for campus maps and lab times.

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

The student will understand the accounting equation.
The student will understand the concept of double entry accounting, debits equal credits.
The student will be able to journalize and post accounting transactions.
The student will be able to prepare financial statements - balance sheet and income statement.
The student will be able to complete an accounting cycle - including adjusting entries and worksheet.
The student will be able to control cash transactions.
The student will be able to account for accounts receivable, notes receivable,
inventories and cost of goods sold.
The student will be able to account for plant and equipment along with various depreciation methods.
The student will be able to record payroll transactions.
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 chapter 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-