Introduction and General
Course Information
ACC 210
Accounting Fundamentals I (5
Credits) ACC )210 - Accounting Fundamentals I - 5 Credits
Course Description
Accounting 210 is a beginning
Accounting course that is transferable to most
four-year programs in business administration, and is the first course in the
accounting sequence (ACC 210, ACC 220, ACC 230). Accounting 210 deals with
topics in financial accounting, a process which involves analyzing, recording,
classifying, summarizing, and reporting the results of business activities. In addition to learning the process of
accounting, students will examine specific topics including cash, receivables,
and inventory.
Course Objectives
A student successfully
completing ACC 210 should be able to do the following:
a. Describe and perform the steps of the accounting cycle, including analysis,
journalizing, posting, adjustments, worksheets, and financial statements;
b. Analyze situations in which fragmentary information is given and reach
appropriate conclusions, both at a detailed level and higher levels;
c. State the purpose and application of selected accounting assumptions,
principles and exceptions underlying modern accrual accounting;
d. Solve basic accounting problems in written or oral form, using accounting
models--arriving at correct conclusions regarding process and results.
Textbook and Supplies
The textbook for this class
is:
Weygandt, Kieso & Kell, Accounting Principles, Sixth
Edition, John Wiley & Sons,
2002.
All homework submissions
should be appropriately labeled. The
text presents Questions, Brief Exercises, Exercises, and Problems at the end of
each chapter. Pay particular attention
therefore, to the assignment schedule, and be sure to distinguish among Q's, BE's, E's, or P's.
The instructor recommends use
of a four-function calculator, for use on both the homework and on the
examinations.
Instructional Methodology
The subject of Accounting is
one which demands good reading skills, the ability to analyze,
and some skill with numeric calculations.
As the course progresses, the accounting model will emerge, as well as
the process by which businesses use this model to determine resource valuation
and periodic income.
The instructor suggests that
the following activities are critical to successful learning of
accounting: 1) reading of Study Guide
material; 2) persistent reading and
rereading of the textbook; 3) your time
and best effort in doing every question, exercise and problem assigned; 4) critical appraisal of your performance on
the homework. The instructor is
confident that if the items listed above are carried out assiduously, the
examinations will be successful experiences, and you may even decide that the
Accounting field might be a career interest.
Please Note: This Study Guide is divided into
Lessons. There are a total of nine
lessons, numbered 1-9. Lesson 1
corresponds to Chapter 1, Lesson 2 corresponds to
Chapter 2, and so on.
Each person brings his/her
own learning skills and experiences when learning a new subject. In a correspondence course, much of your
learning will consist of working with the textbook. My advice:
consider your goal to be successful completion of the homework in each
chapter. I am confident that successful
homework completion results in learning the subject and successful
performance on the examinations. This
idea is so important that I would further recommend that you scan the homework
before you begin reading the chapter.
The textbook we are using is very detailed, and there is a tendency to
get lost in all the detail. If you read
with your goal in mind, you will be more efficient in your study. Ideally, you will understand each Question,
Exercise and Problem assigned in a chapter, before moving on to the next one.
The instructor stands ready
to support you, consult with you, provide guidance, and assist you in making
this course a successful venture. Please
do not hesitate to ask questions! An
Internet address and telephone number (with voice mail) are provided, and the
instructor observes daily office hours.
At any time during the
quarter, you are invited to communicate the effectiveness of any of the
instructional methods utilized, recognizing that the instructor must be the
final judge of the instructional methodology.
Grading
Your grade will be based upon
a number of different criteria and will be determined according to the
following weights:
Examination I 100
points
Examination II 100 points
Final Examination 100 points
Homework 100
points
-----
400 points possible
The subject matter covered in
each of the three Examinations is as follows:
Examination I will cover
Chapters 1-4 of the textbook;
Examination II will cover
Chapters 5-7 of the textbook;
The Final Examination covers
Chapters 1-9 and is inclusive of all material in the course.
A student achieving 95% of
the possible points would receive an A grade (3.5 to 4.0).
A student achieving 90-95% of
the possible points would receive a B+/A- grade (3.1-3.5)
A student achieving 80% of
the possible points would receive a B grade (2.6 to 3.0).
A student achieving 70% of
the possible points would receive a C grade (1.6 to 2.5).
A student achieving 60% of
the possible points would receive a D grade (1.0 to 1.5).
A student achieving under 60% of the possible points should confer with the
instructor to determine if an NC grade or Withdrawal might be appropriate.
Please recognize that grading
is a judgment process. While it is
somewhat easy to distinguish between a 2.5 and a 3.5, it is not so easy to say
with certainty that a person should receive a 2.9 rather than a 2.8. The instructor will not likely entertain
discussions regarding grade changes of one or two tenths unless there are
documented clerical or other errors.
The examinations will include
problems, definitions, what-ifs, multiple choice, and
other challenges. I have enclosed a
sample for each of the three examinations in the Study Guide, to give you an
idea of how and what to study. Previous
experience suggests that the sample examinations have led to higher student
performance. Hint: the homework problems provide much of the
material and inspiration for examination questions. The tests are "closed book", but
you will likely be well prepared if you have completed and understand the
homework.
Overview of Assignments
In an effort to reduce the
paperwork confusion regarding homework, the instructor proposes the following
procedures:
1. Hold on to your homework
until the current lesson has been completed.
2. Please organize your homework
(Q's, E's, P's, etc.) in the same order as the textbook;
3. Prominently label your
homework (which Q's, E's, P's, etc.) and include your name and return address
in a conspicuous place.
4. You are encouraged to keep
disk copies or photocopies of your homework to insure against loss of the
original in transit.
5. For Correspondence
homework: be sure to staple your bar
code sheet to the top of your homework; this facilitates checkin and checkout
of the homework.
If you follow these
procedures, it will be very much appreciated by instructor. In return, he will try to do a competent and
timely job in judging your work and providing guidance.
Instructor Information
Michael P. O'Neill earned a
Bachelor of Arts Degree at the
Instructor's Office Location and Phone Number
The instructor's office is
located at 801 East Pine, room 301, which is located at the corner of Harvard
and Pine Streets. The instructor's
telephone number is (206) 344-4336. Additionally,
a mailbox exists in Room BE 3210, and the Office Secretary's number is (206)
344-4347.
The instructor’s email
address is : moneil@sccd.ctc.edu
Students with Special Needs
Students with special needs
are invited to confer with the instructor and/or the appropriate SCCC counselor
to address such needs.