INTRODUCTION TO ACCOUNTING  1303
 
FINANCIAL  ACCOUNTING 2401

 

 

 

Professor/Instructor                           David Loper                        Phone 903-675-6373

Office:        111T                             Hours: As posted               E-mail:  dloper@tvcc.edu

 

COURSE DESCRIPTION:

INTRODUCTION  ACCOUNTING 1303

An introduction to bookkeeping and accounting in which the principles of double entry bookkeeping will be studied.  Emphasis is placed on journalizing, posting to ledger accounts, trial balance, financial statements, adjusting and closing entries.  Business forms , vouchers, interest and discounts are also studied.  This course is designed for terminal certificate and degree students and for students who have not had high school bookkeeping.  The course is not designed as a transfer course.

 

 

 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT: College Accounting , 18th  Edition , by Heintz, and Parry Southwestern Publishing Company , Dallas, Texas.

SUPPLIES AND MATERIALS:   Workbook to accompany text is the same author, edition , and publisher.

 

COURSE GOALS

 

1.  To develop marketable skills in Accounting and related clerical activities.

2.  To acquire an understanding of Accounting principles and terminology.

3.  To develop desirable work habits and attitudes needed for success in business.

4.  To understand how the basic principles of Accounting may be applied to personal and business use activities.

5.  To contribute to general education an understanding of common economic concepts and the language of business. 

6.  To appreciate the opportunities business offers in a free enterprise system.

 

REQUIREMENTS FOR ALL STUDENTS:

Complete all assigned readings and related homework.  Come to class prepared .   Bring appropriate and prescribed materials to class.  Perform at a 60% level or above on all tests.  Come to class all the time and on time.  Papers may be hand written if legible. Students are expected to demonstrate a mature attitude toward the subject matter and participate enthusiastically in class.  The specific performance objectives for this course are listed at the beginning of each chapter in the text.  These objectives state what is expected, in terms of student performance, for the material being studied.

 

INSTRUCTIONAL STRATEGIES:

 1.  Lecture presentation of principal points in the units being studied.

 2.  Questions by students and instructor

 3.  Discussion of relevant materials and ideas.

 4.  Review of chapter material by short practical problems solved during class.

 5.  Assigned problems are worked under teacher supervision.

 6.  Individual help and attention is given to each student when needed.

 7.  Evaluation of student solutions individually.

 8. Overhead projector use in presentation of exercised, relevant material, assigned  and supplemental

      material.

 9. It should be advised that each should acquire a hand-held calculator capable of doing addition,

     subtraction, multiplication, and  division of up to eight digits.   

10. Occasionally guest speakers will be invited to present relevant ideas and topics.

 

EVALUATION/GRADING/ASSESSMENT POLICIES:

Your final grade for this course will be based on the following factors:

(1) Major test; (2) Workbook assignments; (3) Exercises; (4) Final Examination; (5) Internet Assignments

 

    (1) Major tests:  Several major tests will be given.  Most tests will be given in two parts.  One part is given during the lecture and one part is given during the lab.  If you can complete both parts during one period this is fine.  The tests will composed of Accounting terminology and preparation and completion of various accounting problems.  Hand-held calculators may be used on the tests and for the solutions of workbook problems and exercises. 

 

    (2) Workbook problems:  You will be assigned selected problems for each chapter to work and turn in.  A due date will be announced, and the completed problems will be due at the end of the lab period on that day.  Workbook problems will be accepted one class period after the test unless otherwise stated.

 

    (3)  Exercises:  Selected exercises from the book will be selected.  These are optional for you to work and must be completed on notebook paper.

 

    (4)  Final Examination:  The final exam will not be comprehensive as such.  It will be given on the material we are covering at the time of the end of the semester,  which is usually chapter 24.  There will be not make-up for the final exam.  If you miss it, it will be counted as "O".  The final exam will be given as shown on the final exam schedule.  The only exception will be if you provide me a signed letter from Dr. Huffstutler authorizing me to give your final exam at a time other that the regular scheduled time.  

 

Several major tests, including the final examination, will be administered.  The score on each test will be added together and divided by the total number of tests administered.  The result of the division will be the final average for the semester.  Other factors that have a positive influence on the grade will be attendance and attitude toward the course, response to questions and discussion, and promptness and degree of accuracy in preparing assigned problems.   In addition 2 (2) points will be added to the final average for completion of the assigned problems in the workbook and internet assignments.

 

MAKE-UP POLICY:

Students will be allowed to take ONE make-up test during the entire semester.  Students will be allowed to choose the test they would like to make-up.  This make-up test grade will be used to replace a low test score or to replace a "O" score received on a test missed.  Make-up test scores may not be substituted for the score on the FINAL exam.

 

STUDENT REQUIREMENTS:

All students are expected to :Complete all lessons.  Attain specific competencies as indicated on the course outline and schedule.  Do all assigned readings and related homework.  Come to class prepared..  Bring appropriate study materials to class.  Perform at the 60% or above level on all tests and assignments...  Come to class and be on time.  Papers may be hand written if legible.

 

 

ATTENDANCE AND BEHAVIOR:

Attendance policy is summarized as follows:  Class attendance is mandatory   Regular class attendance is essential for successful completion of the course and the earning of credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained in the TVCC Catalog.  Instructors may drop students for excessive absences.  Students are expected to be in class on time. Excessive or frequent tardiness will cause the course grade to decrease.  All students are considered mature individuals by the faculty and staff.  Students will be required to conduct themselves with utmost consideration of the rights and property of others.  Any behavior on the part of a student that interrupts or impedes quality instruction shall not be permitted.  Unrelated talking and other chatter in class will not be tolerated.  Monopolizing class discussions to the detriment of other student's rights to enter into class discussion will not be tolerated.  It is expected that each student will respect the rights and opinions of other students.  Inappropriate behavior which continues after the instructor's reprimand will be dealt with by administration.  If an instructor deems an article of clothing unsafe or otherwise improper, the student will be dismissed to go home and change.  Radios, tapes, cell phones, pagers, CD players,  and other audio or video equipment are not permitted in the classroom at any time.  Horseplay will not be tolerated in the classroom or lab areas.  Obscene and profane language will not be tolerated.  Food and drink may not be taken into the labs or classrooms.  Smoking is not permitted in any building on the campus.  No weapons are allowed on school property.

 

OTHER INFORMATION:

 

No children and only approved guests are allowed to visit the class.

 

INTRODUCTION TO ACCOUNTING

WEEKLY ASSIGNMENTS

 

Week 1

 

Introduction/Chapter 1/Video/Chapter 2

                                     

                                      Chapter 2

 

Text           p. 41 – Prob. 2-8A – WP 6

                   p. 41 – Prob. 2-9A – WP 7

 

Week 2

                                      Chapter 2

 

Text           p. 42 – Prob. 2-10A – WP 6

                   p. 42 – Prob. 2-11A – WP 8

                   p. 42 – Prob. 2-12A – WP 8                                               Bonus 1: Mastery Problem – p. 45; WP 15-18

 

                                      Chapter 3

 

Text           p. 78 – Prob. 3-13A – WP 29

 

Week 3

                                      Chapter 3

 

Text           p. 79 – Prob. 3-14A – WP 30

                   p. 79 – Prob. 3-15A – WP 30-31                     Bonus 2: Mastery Problem – p. 84; WP 43-45

 

                                      Chapter 4

 

Text           p. 120 – Prob. 4-9A – WP 57-65

                   p. 121 – Prob. 4-10A – WP 66-75

                   p. 122 – Prob. 4-11A – WP 76                        Bonus 3: Mastery Problem – p. 128; WP 105-112

 

Week 4

                  

                   Chapter 2, 3, 4 problems and bonus problems due on test day.

 

                   Test 1 – Chapters 1-4 – Journalizing in the journal, posting to the ledger accounts, preparing a                  Trial Balance, and preparing the Income Statement and Owner’s Equity Statement.

 

Week 5

                                      Chapter 7

 

Text           p. 252 – Prob. 7-8A – WP 215-216

                   p. 252 – Prob. 7-9A – WP 217

                   p. 253 – Prob. 7-10A – WP 216, 218

                   p. 253 – Prob. 7-11A – WP 219                      Bonus 4: Mastery Problem – p. 258; WP 251-253

 

Week 6

                                      Chapter 8

 

Text           p. 288 – Prob. 8-8A – WP 237

                   p. 289 – Prob. 8-9A – WP 238-239

                   p. 289 – Prob. 8-10A – WP 240-241                                  Bonus 5: Mastery Problem – p. 293; WP 272-274

 

Week 7

                                      Chapter 9

 

Text           p. 322 – Prob. 9-7A – WP 256

                   p. 323 – Prob. 9-8A – WP 257-259

                   p. 324 – Prob. 9-9A – WP 260-261                                    Bonus 6: Mastery Problem – p. 328; WP 295-296

 

Week 8

 

                   Chapter 7, 8, 9 problems and bonus problems due on test day.

 

                   Test 2 – Chapters 7-9 – Journalizing in a journal, preparing a bank reconciliation, completing a                   payroll register, and completing a petty cash disbursement record.

 

Week 9

                                      Chapter 11

 

Use the Alternative to Chapters 11-13: Special Journals manual.

 

Text           p. 36 – Prob. Alt 11-8A – WP 469-470 (Prob. 13-6A)

                   p. 37 – Prob. Alt. 11-9A – WP 471-476 (Prob. 13-7A)

                   p. 38 – Prob. Alt. 11-10A – WP 477-480 (Prob. 13-8A)

                   p. 38 – Prob. Alt. 11-11A – WP 381 (Prob. 11-11A)                         

 

Week 10

                                      Chapter 12

 

Use the Alternative to Chapters 11-13: Special Journals manual.

 

Text           p. 83 – Prob. Alt. 12-9A – WP 481-482 (Prob. 13-9A)

                   p. 84 – Prob. Alt. 12-11A – WP 485-487 (Prob. 13-11A)

                   p. 85 – Prob. Alt. 12-12A – WP 488-491 (Prob. 13-12A)

                   p. 86 – Prob. Alt. 12-13A – WP 435 (Prob. 12-12A)

                                                                                                                  Bonus 7: Mastery Prob. Chap. 13 – p. 502; WP 517-523

 

Week 11

 

                   Chapter 11 and 12 problems and bonus problems due on test day.

 

                   Review Special Journals

 

                   Test 3 – Chapters 11-12 Alternative Manual. Journalizing in 5 special journals, preparing a      Schedule of Accounts Payable, preparing a Partial Income Statement.

 

Week 12

                                      Chapter 5

 

Text           p. 156 – Prob. 5-13A – WP 122-123

                   p. 157 – Prob. 5-14A – WP 124-125

                   p. 158 – Prob. 5-15A – WP 126-128                                  Bonus 8: Mastery - p. 168; WP 148-150

 

Week 13

                                      Chapter 15

 

Text           p. 575 – Prob. 15-9A – WP 587-589

                   p. 577 – Prob. 15-10A – WP 590-592

                   p. 578 – Prob. 15-11A – WP 593-594             Bonus 9: Mastery - p. 586; WP 618-620

 

Week 14

                                      Chapter 16

 

Text           p. 627 – Prob. 16-8A – WP 628-632

                   p. 629 – Prob. 16-9A – WP 633-635

                   p. 629 – Prob. 16-10A – WP 636 (#a, b, c only)              Bonus 10: Mastery – p. 637; WP 651-656

 

Week 15

 

                   Chapter 5, 15, 16 problems and bonus problems due on test day.

 

                   Test 4 – Chapters 5, 15, 16. Preparing the Adjusting Entries on a worksheet, journalizing the   Closing Entries, and preparing a Partial Income Statement.

 

 

 


Bonus 11: Comprehensive Problem #2 – Part 1: Special Journals Based.

                                      Text – p. 640-643; WP 659-683