PRINCIPLES OF FINANCIAL ACCOUNTING ACC-101-GS

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COURSE SYLLABUS
PRINCIPLES OF FINANCIAL
     ACCOUNTING

          ACC-101-GS
            Course Syllabus
PRINCIPLES OF FINANCIAL ACCOUNTING
             ACC-101-GS
      Thomas Edison State College
               May 2007
               Course Essentials


Principles of Financial Accounting is designed to help you learn to
record business transactions, summarize these transactions, and prepare,
interpret, and use financial statements. The course begins with the
accounting cycle, merchandising concerns, and financial assets and
finishes with plant assets, liabilities, and stockholder's equity.



Course Objectives
By reading the textbook and doing the assigned exercises and problems,
completing the Study Guide, watching the video programs, and following
the syllabus, you should be able to:
1. Explain the need for accounting.
2. Identify various users of financial accounting information.
3. Discuss the components of a transaction and explain how the general
   journal and general ledger relate to the process of accounting.
4. Interpret the basic financial statements: the income statement, the
   statement of owner's equity, and the balance sheet.
5. List the steps in the accounting cycle.
6. Explain the accounting for inventories, plant assets, liabilities, and
   stockholder's equity.


Course Materials
In addition to the Course Syllabus, you will need the following materials
to do the work of the course.


Texts
   Financial and Managerial Accounting: The Basis for Business Decisions,
       14th ed., by Jan R. Williams et al. (Boston: McGraw-
       Hill/Irwin, 2008)
   Study Guide, Volume 1, Chapters 114, for Use with "Financial and
       Managerial Accounting: The Basis for Business Decisions," 14th
       ed., prepared by Mark S. Bettner (Boston: McGraw-Hill/Irwin,
       2008)



                    Course Syllabus--Course Essentials
                                   S-3
   Working Papers, Volume 1, Chapters 114, for Use with "Financial and
      Managerial Accounting: The Basis for Business Decisions," 14th
      ed., by Jan R. Williams et al. (Boston: McGraw-Hill/Irwin,
      2008)

Video Programs
   Accounting I (12 one-hour video programs)


Proceeding through the Course
The "Course Calendar" and the "Assignment Schedule" in the syllabus
specify the learning activities to complete and the order in which to
complete them. For a feeling of accomplishment, check off each task as
you complete it.
Begin by reading the preface to the textbook. It presents how the text and
course is structured.
In this course you use three media components to increase your
understanding of the material: the textbook Financial and Managerial
Accounting: The Basis for Business Decisions, the Study Guide, and video
programs. Also included with your course materials is a volume of
working papers that contains special accounting forms to be used in
solving the written assignment problems. This volume of working papers
does not contain accounting forms for written assignment exercises.
Please use plain notebook paper or accounting ruled paper available in
any stationery store.
At the end of each chapter in the textbook is a section with self-test
questions. Answering these questions would enhance your
understanding of the course material and help prepare you for course
exams.



Written Assignments
Principles of Financial Accounting has six (6) written assignments. The
assignments consist of selected exercises and problems from the end of
each assigned chapter in the textbook. The assignment schedule for each
week lists the specific exercises and problems you are to work on and
submit to your mentor as part of the written assignment (see also the
written assignment boxes in the schedule). Arrange your assignments by
chapter, with the exercises first followed by the problems.




                    Course Syllabus--Course Essentials
                                   S-4
Examinations
The course has two examinations, a two-hour midterm during Week 8
and a two-hour final during Week 16 of the semester. Both exams are
closed-book, but you are allowed to bring a calculator.
The midterm exam covers the material from chapters 16 of the textbook
and Study Guide and Appendix C of the textbook; the final exam covers
material from chapters 712. Each exam contains objective questions and
problems.
To prepare for each exam, complete the self-tests at the end of each
chapter in the textbook and in the Study Guide. Check your answers with
the answer keys to test your understanding of the material.
Examinations may be taken only during the designated exam weeks, at
an approved location, and with an approved proctor. It is your responsi-
bility to make arrangements to take the examinations. In this regard, you
must submit a "Proctor Request Form" with the necessary documentation
to the Office of Test Administration during the first week of the semester.



Grading
Your final grade depends on how well you do on the six written assign-
ments (40 percent) and the two examinations (30 percent each).
To receive credit for the course, you must earn a letter grade of D or
higher on the weighted average of all assigned course work (e.g., exams,
assignments, projects, papers, etc.). You will receive a score of 0 for any
work not submitted.
Letter grades are determined as follows:
           93100     =    A
            9092     =    A
            8889     =    B+
            8387     =    B
            8082     =    B
            7879     =    C+
            7377     =    C
            7072     =    C
            6069     =    D
         Below 60     =    F (no credit)




                     Course Syllabus--Course Essentials
                                    S-5
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