TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACCT.2401 

COURSE TITLE:   Financial Accounting 

CREDIT HOURS: 4            LECTURE HOURS:  3               LAB HOURS: 3 

COURSE DESCRIPTION

A study of basic fundamentals of accounting  emphasizing the structure, relationship, concepts and principles, systems and controls,  the accounting cycle for service and merchandising type enterprises, including special journals and ledgers, notes and interest, deferrals and accruals, receiving and merchandise inventory, depreciation applied to plant assets, payroll and sales taxes.

Lab Fee:  $20. 

PRE AND CO-REQUISITES

Prerequisite:  High school bookkeeping or Accounting 1372 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT:    Accounting , 21  Edition , by Warren, Reeve, and Fess, 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

Do 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. 

LABORATORY AND FIELD WORK

ACCOUNTING LAB: 

   The Accounting lab is designed so that you may get help in areas in which you may be having trouble.  Out of class tutors may be scheduled through the Special Services Department.  The answer book is to be used only at the Front Desk of the classroom.  DO NOT REMOVE PAGES FROM THE ANSWER BOOK.  Attendance in lab is required unless you have completed and turned in , or have checked-off, all assigned problems from the current chapter. 

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. 

INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACCT.  2401

Course Title:   Principles of Accounting

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373   email dloper@tvcc.edu

Office Hours:   Posted 

COURSE DESCRIPTION 

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

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

    (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 be 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 11.  There will  not be a 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.    

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. 

EVALUATION/GRADING 

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.  

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours 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 General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS AND EXERCISES 

PROBLEMS                                CHAPTER                          EXERCISES

1-1A, 1-2A, 1-3A, 1-4A, 1-5A, 1-6A       (1)                               1 & 2 

2-1A, 2-2A, 2-4A, 2-6A                        (2)                                  1 & 2 

3-1A, 3-2A, 3-3A, 3-4A                        (3)                               1,2,3 & 4 

4-1A, 4-2A, 4-3A, 4-5A                        (4)                                 1,2 & 3 

COMPREHENSIVE PROB 1 

5-1A, 5-2A, 5-4A, 5-5A                        (5)                                  1,2 & 3 

6-2A, 6-4A, 6-6A, 6-7A                        (6)                                   1, 2 & 3 

7-1A, 7-2A, 7-4A, 7-5A, 7-6A                (7)                                   1, 2 & 3 

8-1A, 8-2A, 8-3A, 8-4A                         (8)                                   1, 2 & 3 

9-1A, 9-2A, 9-3A, 9-5A                         (9)                                    1 

10-3A, 10-4A, 10-6A                            (10)                                    1 & 2 

11-2A, 11-3A, 11-4A, 11-6A                  (11)                                      2 

12-2A, 12-3A, 12-6A                             (12)                                      2 

 COURSE OUTLINE/SCHEDULE 

BASIC ACCOUNTING STRUCTURE 

Define the terms "business transaction" and explain the procedure for analyzing transactions

Work a problem demonstrating the effects of business transactions on the accounting equation

Construct the principal financial statements from ledger accounts

Record typical-service type transactions in a two-column journal form

Describe the debit and credit theory and explain how  it involves the principle of balance

Work a problem involving the posting of transactions from the journal to the ledger

Prepare a trail balance from the ledger

Describe the proof or lack-of-proof provided by the preparation of the trial balance

Complete a problem involving an eight or ten column worksheet

Prepare financial statements from the completed worksheet

Prepare in general journal form adjusting and closing entries from a completed worksheet

Explain in writing how the basic information is determined at the end of the period, for making adjusting entries 

BASIC STRUCTURE OF ACCOUNTING AS APPLIED TO THE RETAIL BUSINESS 

Explain in writing why for a merchandising enterprise using physical inventory it is necessary to make inventory adjustments

Complete an eight or ten column work sheet given the trial balance and adjusting information

Prepare an income statement, balance sheet, and capital statement or retained earnings statement from a completed work sheet

Journalize adjusting, closing, and reversing entries

State in writing the purpose of adjusting, closing, and reversing entries

Analyze the differences in amount and the advantages and disadvantages of each of the three methods of costing inventory

Arrange in order the steps involved in the inventory process

State in writing the two methods of estimating inventories and work a practical problem in each 

ACCOUNTING SYSTEMS 

Explain in writing how the need for special journals may be determined

Work a problem completing a sales journal and a cash receipts journal from selected transactions

Work a problem demonstrating the recording of sales taxes in the journal and adjustments for uncollectible items

Record a number of purchases in a multi-column purchases journal

Journalize purchases returns and allowances in general ledger form posting to the controlling and subsidiary ledger accounts

Work a problem to illustrate the advantage of taking a cash discount and explain why the seller offers a cash discount

Work a problem recording a series of cash payments in a multi-column cash payments journal

Prepare a schedule of accounts receivable and accounts payable from the subsidiary ledgers

List in writing four factors which should be provided for in a good accounting system

List and explain in writing the broad principles of internal control stated in the text

Prepare a bank reconciliation statement and prepare entries in journal form required to correct the accounts effected

Explain the purpose of the petty cash fund and record transactions in a petty cash record and make entries in a journal to record them 

FINANCIAL ACCOUNTING 

Identify the parties and terms of a note

Apply the interest formula to an interest problem

Apply the interest formula to an interest problem

State in writing the rules and determine the due date of a note by days or months

State the two generally acceptable methods of accounting for receivables deemed uncollectible

Name the two methods by which an estimate of the amount of uncollectibles to be used in the adjusting entry is determined

Work a problem journalizing the transactions related to the two methods

Work a problem showing the entries to be made when a note is dishonored either when it has not been discounted or has been discounted

Identify and illustrate the two principle inventory methods

Identify and illustrate the procedures for the determination of the  actual quantity in inventory and the cost of inventory

Explain the theory of depreciation

Name the four methods by which depreciation may be determined and compare the results in a problem situation

Work a problem determining depreciation on an asset by each of the four methods given in the text

Work a problem figuring depreciation when based on average

Differentiate in writing between capital and revenue expenditures and give examples

State in writing and apply by situation the income tax rule as to trade-in assets 

ACCOUNTING PRINCIPLES AND CONCEPTS 

Identify and illustrate in writing the application of twelve basic accounting concepts and principles

Describe and illustrate the effects of price-level changes on conventional financial statements

Describe and illustrate constant dollar accounting for price-level changes

Given a stated net income for a period, the profit-sharing ratio as stated in the articles of co-partnership, show in good form the division of net income

Name the two procedures by which a new partner may be admitted to a partnership

Given a stated problem, record in general journal form the entry to record the purchase of an interest in a partnership by a new partner

Given a problem stating the non-cash assets, liabilities, and capital balances of the partners, prepare journal entries to record the liquidation of the partnership 

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Prepares and follows schedules.

Use computer software to plan a project. 

RESOURCES: MONEY, BUDGETS, AND COSTS 

Maintains bookkeeping type records. 

Makes adjustments in a budget to meet objectives. 

Estimate costs. 

Prepare a budget using a spreadsheet. 

RESOURCES: MATERIAL AND FACILITIES

Uses materials and space. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team.

Demonstrate an ability to work with persons from diverse backgrounds. 

INFORMATION: ACQUISITION AND USE 

Acquires and evaluates information.

Develop an inventory record-keeping system.

Develop a bill processing system.

Use computers to process information.

Use a computer spreadsheet to develop a budget.

SYSTEMS:  SOCIAL, ORGANIZATIONAL, TECHNOLOGICAL

Suggest modifications to existing systems.

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN

Select equipment to meet defined specifications and needs.

 

TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACCT.  2402 

COURSE TITLE:   MANAGERIAL ACCOUNTING 

CREDIT HOURS: 4            LECTURE HOURS:  3               LAB HOURS: 3 

COURSE DESCRIPTION 

This is a study of principles as applied to partnerships and corporations; control accounting applied to departments and branches, manufacturing process and job order costs, budgetary control standard costs; income taxes, cost relationships, special analysis and reports, statement types and analysis used in decision-making .   Lab Fee: $20 

PRE AND CO-REQUISITES

Prerequisite:  Accounting 2401. 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES 

REQUIRED TEXT:    Accounting , 21st  Edition , by Warren, Fess, and Reeve,  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 

Do 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. 

LABORATORY AND FIELD WORK

ACCOUNTING LAB: 

The Accounting lab is designed so that you may get help in areas in which you may be having trouble.  Out of class tutors may be scheduled through the Special Services Department.  The answer book is to be used only at the Front Desk of the classroom.  DO NOT REMOVE PAGES FROM THE ANSWER BOOK.  Attendance in lab is required unless you have completed and turned in , or have checked-off, all assigned problems from the current chapter. 

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. 

INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACCT.  2402

Course Title:   Managerial  Accounting

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373

Office Hours:   Posted 

COURSE DESCRIPTION 

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

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

    (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.    

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. 

EVALUATION/GRADING 

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.  

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS 

PROBLEMS                                CHAPTER 

1-1A,  1-3A,  1-6A                               12 

1A, 2A, 3A, 4A, 5A,  6A, 7A               13 

1A, 2A, 3A, 4A, 5A, 6A,                      14 

 1A, 2A, 3A, 4-A                                   15 

 1A,  2A,  3A,  4A,  5A                          16 

 1A, 2A, 3A                                            17 

 1A,  2A,  3A,                                         18 

1A, 2A,  3A,                                           19 

 1A,  2A,                                                  20 

 1A, 2A,                                                   22 

 1A,  2A,                                                  24 

GENERAL OBJECTIVES 

State generally accepted principles relating to partnerships, corporations, departments, branches, manufacturing cost systems, budgetary and standard cost systems, income taxes, costs and revenue relationships, reports and special analysis, and other statements and analysis 

Apply theses principles, procedures, and methods to given problem situations 

Be aware of the effects of the types of business organization on the accounting system needs, the importance of accounting in decision making and analysis 

Be able to journalize transactions peculiar to the partnership, corporation, manufacturing types of business, and home and branch office 

Be able to identify terms peculiar to the partnership, corporation, manufacturing type of business as they relate to accounting 

Be able to state factors to be considered in making business decisions given alternative decisions and the related financial figures 

GENERAL OBJECTIVES 

State generally accepted principles relating to partnerships, corporations, departments, branches, manufacturing cost systems, budgetary and standard cost systems, income taxes, costs and revenue relationships, reports and special analysis, and other statements and analysis

Apply theses principles, procedures, and methods to given problem situations

Be aware of the effects of the types of business organization on the accounting system needs, the importance of accounting in decision making and analysis

Be able to journalize transactions peculiar to the partnership, corporation, manufacturing types of business, and home and branch office

Be able to identify terms peculiar to the partnership, corporation, manufacturing type of business as they relate to accounting

Be able to state factors to be considered in making business decisions given alternative decisions and the related financial figures 

CORPORATIONS-ORGANIZATION AND OPERATION

List the four most important characteristics of the corporate form of business with accounting implications

State the two principal sources of corporate capital

Distinguish in writing the differences between authorized, outstanding, and issued stock

Compare the principal basic rights of ownership of preferred and common stock

Distinguish between the following terms: cumulative and non-cumulative, participating, and non-participating stock

Explain why stock may be sold at a discount or a premium

Given three stated transactions of sale of stock by subscription, collection of cash for subscriptions, and the issuance of the stock, write out in general journal form, the entries required by each

Identify the term treasury stock

State how treasury stock should be listed on the balance sheet

List two reasons why corporations purchase their own stock

State the general rule as to the amount for which treasury stock should be entered on the books

Given transactions of purchase of treasury stock, sale of treasury stock at a gain, sale at a loss, write out each of the transactions in general journal form

State the rule for determining equity per share of preferred and common stock for a stockholder's equity section of the balance sheet

Identify the account organization costs and state how it is to be classified on the balance sheet

Distinguish between the following terms: par, no-par, and stated value of stock

Prepare entries to record sale of stock at a premium, discount, the exchange of assets for stock

Given a stated amount of dividends to be paid, a statement of the number of shares, par value of common and preferred stock, and the liquidation rights, determine the total dividends and per share dividends of each class

Given a stockholder's equity section of a balance sheet, the liquidation rights of the preferred stock determine the equity per share of the stock 

CORPORATIONS-STOCKHOLDERS' EQUITY, EARNINGS, AND DIVIDENDS 

Name and distinguish between two principal subdivisions of the stockholder's equity section of a balance sheet

State the rule as to the charging of the amount over or below price paid when redeeming stock at a price different from that realized when originally sold

Given the estimated amount of income tax owed by a corporation at the close of the calendar year, write out in general journal form the accounts and amounts to be debited and credited

State two examples given in the text where the taxable income of the corporation determined in accordance with Internal Revenue Code frequently differs from the amount reported as net income in the income statement

Indicate the rule for determining the amounts to be credited to income tax payable and deferred income tax payable

Define the term extraordinary income

Explain how extraordinary income is entered on the books and how shown on the income statement

State the rule as to the recording of prior period adjustments for minor amounts and extraordinary items

Given stated data relating to earnings of a corporation, with extraordinary earnings, shoe per share data as (1) net income before extraordinary earnings, (2) extraordinary items, (3) net income

State the reasons for appropriation of retained earnings

Given a transaction requiring the appropriation of retained earning, prepared in general journal form

Name the three prerequisites for paying a cash dividend

Distinguish between a cash, stock dividend, and a stock split

Given pertinent figures relating to the declaration of a cash dividend, a stock dividend, show in general journal form, the entries required by each

Given stated figures, prepare entries in general journal form to record the payment of (1) cash, (2) stock dividends

Indicate the purpose of a stock split

State the general rule as to declaring dividends on treasury stock for (1) cash, (2) stock dividends

Prepare a retained earnings statement when given the retained earnings general ledger account and the related appropriation accounts 

CORPORATIONS-LONG TERM OBLIGATIONS AND INVESTMENTS 

State the two primary methods by which corporations may be financed externally

Given a problem involving the raising of a stated amount of money with three options of financing involving the issuance of bonds and stocks in varying percentages, determine the net income of the corporation when given a stated amount of earnings before interest and taxes

Distinguish between the following terms of accounts: bonds payable, premium on bonds payable, discount on bonds payable, sinking fund cash, sinking fund investments, sinking fund income

Identify the following terms: bond indenture, face value, registered bonds, bearer or coupon bonds, term and serial bonds, convertible bonds, and callable bonds

Prepare an entry in general journal form to record the issuance of bonds at a premium, a discount, when given the face value, and the amount realized upon the sale of the bonds

State the purpose of a bond sinking fund

Given a stated problem, prepare in general journal form the transactions for the following: deposit of cash in a sinking fund, purchase of investments, sale of investments, and payment of bonds

State the rule as to the name of the accounts to be charged for the loss or gain when bonds are redeemed

When a corporation invests money in stock of other corporations, indicate the rule to be used in determining the cost of securities purchased

Given the stated problem involving investment in bonds between dates, prepare in general journal form the entry to record the purchase of the bonds

Indicate by designation how temporary investments of a corporation are to be classified on the balance sheet

Explain the reason for making temporary investments

State the rule used to determine if an investment is a long term investment

Given a stated transaction involving the receipt of income from the investment in stocks, journalize in general journal form the receipt of the income 

Given state transactions, prepare in general journal form the entries to record the purchase of long-term bonds with payment of the accrued interest, the receipt of interest, and the entry at the end of the fiscal period to record the amortization of the premium or discount

Explain the significance of the auditor's report in relation to the accounting system involved

Differentiate as to the meaning of the terms "unqualified, qualified, and no opinion" report of the auditing firm 

INVESTMENTS IN STOCKS; CONSOLIDATED STATEMENTS; INTERNATIONAL OPERATIONS 

Describe investments in stocks

Describe and illustrate the accounting for long-term investments

Describe alternative methods of combining businesses

Describe the accounting for parent-subsidiary affiliations

Describe and illustrate the basic principles of consolidation of financial statements

Illustrate a corporate balance sheet for a parent company and its subsidiaries

Describe and illustrate the accounting for international operations 

STATEMENT OF CASH FLOWS 

Describe the nature of the statement of cash flows

Describe and illustrate the reporting of cash flows, including: (1) cash flows from operating activities, (2) cash flows from investing activities, (3) cash flows from financing activities

Describe and illustrate the preparation of the statement of cash flows 

FINANCIAL STATEMENT ANALYSIS AND ANNUAL REPORTS 

Describe basic financial statement analytical procedures

Describe the focus of financial statement analyses

Describe and illustrate the application of financial statement analysis in assessing solvency

Describe and illustrate the application of financial statement analysis in assessing profitability

Summarize and describe how analytical measures can be used in appraising the present performance of an enterprise and in forecasting its future

Identify and illustrate the content of corporate annual reports

State the formulas for determining the following relationships of the current position analysis: working capital, current ration, and acid-test ration

Define the meaning of "quick assets"

State the formulas for determining the accounts receivable turnover, the number of days sales in accounts receivable

State the purpose of the accounts receivable analysis

State the purpose of merchandise inventory analysis

State the formulas for determining merchandise inventory turnover, number of days sales in merchandise inventory

State the ratio formula for stockholder's equity to liabilities

Give the formula for determining the rate earned on total assets

State the formula for determining the ratio of net sales to assets

State the formula for determining the rate earned on total assets

State the formula for determining the rate earned on stockholder's equity

Give the formula for determining the rate earned on common stockholder's equity

State the formula for determining the earnings per share on common stock 

MANAGERIAL ACCOUNTING CONCEPTS 

Describe managerial accounting and distinguish managerial accounting from financial accounting

Describe the management process and the role of managerial accounting in this process

Describe the characteristics of accounting reports prepared for use by management

Describe the organization of the managerial accounting function within a business enterprise

Distinguish between costs and expenses

Describe and illustrate the three manufacturing costs: direct materials, direct labor, factory overhead

Describe the common classifications of nonmanufacturing costs

Distinguish between product and period costs

Describe and illustrate the financial statements of a manufacturing enterprise, including the preparation of the statement of cost of goods manufactured

Describe the basic cost classifications useful for planning and control: variable costs and fixed costs; direct costs and indirect costs; controllable costs and noncontrollable costs; differential costs; discretionary costs; sunk costs; opportunity costs 

MANUFACTURING AND JOB ORDER COST SYSTEMS 

Distinguish between the job order and process cost systems

State the purpose of the following forms related to the procurement of materials, purchase requisition, purchase order, and receiving report

Name the subsidiary ledger for the materials account in the general ledger

State the function of a materials requisition

List the three important advantages of the perpetual inventory system for materials

State the principal objectives in accounting for labor costs

Explain the purpose of clock cards and time tickets in accounting for factory labor

Explain how the use of a predetermined factory overhead rate is helpful to management

State the function of the cost ledger

State the entry to be made from a summary of the job cost sheets

Explain the function of the finished goods ledger of stock ledger 

PROCESS COST SYSTEMS 

Explain the concept of cost and expense

Name the three inventory accounts maintained for manufacturing businesses

List the three categories of manufacturing costs and define each

Explain why a statement of costs of goods manufactured is prepared separate from the income statement

State which two inventory accounts are adjusted through the manufacturing summary rather than the expense and revenue summary

Name and differentiate between the two principal types of cost accounting systems

Construct an account form chart showing the flow of costs through perpetual inventory accounts

Define a "service department" and state the commonly used basis for distributing service department costs to the producing departments

Name the two types of manufacturing costs which are known as processing costs

Explain why many manufacturing enterprises used predetermined factory overhead rates

State how you determine whether the balance in the factory overhead account is underapplied or overapplied

Explain the significance or meaning of overapplied and underapplied balances of factory overhead

State how factory overhead balances are shown on statements of interim reports during the year

Name the two principal alternatives for disposing of the balance of factory overhead at the end of the year and state which method is usually followed 

Explain why it is necessary to determine the number of "equivalent units" of production at the end of the accounting period in arriving at unit costs

Given a stated problem involving the amount of inventory at the beginning of the month with the degree of completion expressed as a percentage, the number of units started and completed during the period, and the number of units in process at the end of the period and degree of completion, determine the number of equivalent units completed during the period 

COST BEHAVIOR CONCEPTS AND COST-VOLUME-PROFIT ANALYSIS

Describe the nature and use of cost-volume-profit analysis in planning operations

Describe and illustrate the mathematical approach to cost-volume-profit analysis

Describe and illustrate the graphic approach to cost-volume-profit analysis

Describe the use of computers in csot-volume-profit analysis

Describe and illustrate the impact of sales mix considerations in cost-volume-profit analysis

Describe and illustrate special cost-volume-profit relationships, including the margin of safety and the contribution margin ratio

Describe the limitations of cost-volume-profit analysis 

PROFIT PLANNING FOR MANAGEMENT ANALYSIS 

Describe absorption costing and variable costing concepts

Describe and illustrate the reporting of income under variable costing and absorption costing

Describe and illustrate income analysis under variable costing and absorption costing

Describe and illustrate management's use of variable costing and absorption costing for: cost control; product pricing; production planning; sales analysis; contribution margin analysis 

BUDGETARY CONTROL AND STANDARD COST SYSTEMS 

Name the two basic functions of management

State the two essentials of budgeting

Define a budget

Explain the role of accounting in budgeting

Describe the budget period and continuous budgeting

Explain why the first budget for a manufacturer is usually the sales budget

Given the projected sales and beginning and ending inventory for a given period, prepare a production budget

Name the principal components of a master budget for a typical manufacturer

State the purpose of a cash budget

Explain the function of budget performance reports

Explain the need for flexible budgets by certain types of producers

Given a stated problem with the normal production level, the actual units of production with variable and fixed costs for the actual level of production, formulate a flexible budget for a designated level of production

Define standard costs and explain the purpose of standard cost systems

Given the quantity and price of actual material purchased during a period and the standard quantity and price, prepare a direct materials cost variance report

Given the actual hours and rate of labor for a period of time and the standard hours and rate, prepare a direct labor cost variance report

Distinguish between a factory overhead volume variance and the controllable variance 

Given the standard level of operation and factory overhead rate, the actual variable and fixed factory overhead costs, to determine the volume variance, and controllable variance 

RESPONSIBILITY ACCOUNTING

Explain the purpose of a departmental breakdown in accounting for departmental operations

Explain why gross profit is one of the most significant figures in income statement

Explain the two methods of determining gross profit by departments

Name and differentiate between the three methods of showing income on income statements

State the rule of reason to be followed in apportioning operating expenses between departments

Given three types of departmental expenses, state the rule as to how the expenses should be divided between departments 

DIFFERENTIAL ANALYSIS AND PRODUCT PRICING

Describe and illustrate differential analysis for decisions involving: leasing or selling; discounting an unprofitable segment; making or buying; replacing equipment; processing or selling; accepting business at a special price cost concepts

Describe the economic theory of product pricing 

CAPITAL INVESTMENT ANALYSIS 

Describe the nature and importance of capital investment analysis

Describe and illustrate the following methods of evaluating capital investment proposals: average rate of return; cash payback; discounted cash flow; discounted internal rate of return

Describe factors that complicate capital investment analysis

Describe and illustrate the capital rationing process

Describe the basic concepts for planning and controlling capital investment expenditures 

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Defines relevant goal related activities.

Ranks activities in order of importance.

Allocates time to activities.

Prepares and follows schedules.

Construct a timeline chart.

Describe the concept of a critical path.

Estimate the time to complete a project by task.

Use computer software to plan a project. 

RESOURCES: MONEY, BUDGETS, AND COSTS 

Uses or prepares a budget.

Makes forecasts on budget matters.

Maintains bookkeeping type records.

Makes adjustments in a budget to meet objectives.

Estimate costs.

Prepare a budget using a spreadsheet.

Do a cost analysis. 

RESOURCES: MATERIAL AND FACILITIES 

Uses materials and space. 

RESOURCES: HUMAN RESOURCES 

Provides feedback to improve worker performance.

Develops a staffing plan. 

Conduct a performance evaluation. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team.

Collaborate with group members to solve a problem.

Develop strategies for accomplishing team objectives.

Communicate thoughts, feelings, ideas to justify a position.

Employ work delegation techniques. 

INFORMATION:ACQUISITION AND USE 

Acquires and evaluates information.

Develop a form to collect data.

Research and collect data from a defined source.

Develop validation instrument for determining accuracy of data collected.

Evaluate relevancy and accuracy of data.

Organizes data for storage.

Processes data for input into a data storage system.

Develop an inventory record-keeping system.

Develop a bill processing system.

Use computers to process information.

Use a computer spreadsheet to develop a budget. 

SYSTEMS: SOCIAL,ORGANIZATIONAL, TECHNOLOGICAL 

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN 

Select equipment to meet defined specifications and needs.

Read and follow instructions for troubleshooting and repairing equipment.

Read and follow maintenance instructions for keeping equipment in good working order.

TVCC

SYLLABUS SECTION

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACNT. 1191,1291, 1391 

COURSE   TITLE:  Current Accounting Applications 

ACNT.      1191       CREDIT HOURS:    1   LECTURE HOURS:    1  LAB HOURS:  0

ACNT.      1291       CREDIT HOURS     2   LECTURE HOURS     2  LAB HOURS    0

ACNT       1391       CREDIT HOURS     3  LECTURE HOURS      3  LAB HOURS    0 

COURSE DESCRIPTION

Selected instruction related to the modern needs of business, industry, government, and other institutions.  The course is designed to allow flexibility in accounting course content needed to meet the particular instructional needs of the student.  

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT: All books,  manuals, reference guides, computer experiences,  papers, films, cassettes and forms will be determined  by the Instructor in accordance with the student’s area of  specialization.  

SUPPLIES AND MATERIALS:   As determined and selected by the Instructor and College   with input from Employer. . 

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 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

Do all assigned readings and related homework.  Come to class and be prepared .   Bring appropriate and prescribed materials to class.  Perform at a 60% level or above on all tests.  Come to class  and  be 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.   

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. 

11. Overhead and computer projection panel used to explain and demonstrate problems and exercises in the text. 

INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACNT 1191,  1291,  1391 

Course Title: Current  Accounting  Applications

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373

Office Hours:   Posted 

COURSE DESCRIPTION

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

(1) Major test; (2) Workbook assignments; (3) Exercises; (4)Comprehensive Problems or Practice Sets   (5) Final Examination  

    (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)  Comprehensive Problems or Practice Sets   A comprehensive Practice Set or Problem will be used in the course to bring all components of the accounting cycle studied in the text.  

    (5)  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 11.  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.    

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. 

EVALUATION/GRADING

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.  

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS 

Homework problems will be assigned on a weekly basis according to the Accounting chapter that is being studied during that week. 

COURSE OUTLINE/SCHEDULE 

ACNT   1191, 1291, 1391

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Defines relevant goal related activities. 

Ranks activities in order of importance. 

Allocates time to activities. 

Prepares and follows schedules. 

Construct a timeline chart. 

Describe the concept of a critical path. 

Estimate the time to complete a project by task. 

Use computer software to plan a project. 

RESOURCES: MONEY, BUDGETS, AND COSTS 

Uses or prepares a budget. 

Makes forecasts on budget matters. 

Maintains bookkeeping type records. 

Makes adjustments in a budget to meet objectives. 

Estimate costs. 

Prepare a budget using a spreadsheet. 

Do a cost analysis. 

RESOURCES: MATERIAL AND FACILITIES 

Acquires and stores materials. 

Allocates space for materials. 

Uses materials and space. 

Lay out a workspace document with narrative and graphics using software. 

Describe First In First Out (FIFO) and Just In Time (JIT) inventory systems. 

Design a request for proposal (RFP) process. 

RESOURCES: HUMAN RESOURCES 

Assesses worker skills and distributes work. 

Evaluates worker performance. 

Provides feedback to improve worker performance. 

Develops a staffing plan. 

Write a job description. 

Conduct a performance evaluation. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team. 

Collaborate with group members to solve a problem. 

Develop strategies for accomplishing team objectives. 

Work through a group conflict situation. 

Teaches others new skills. 

Identify training needs. 

Work to satisfy customer's expectations. 

Respond to a telephone complaint about a product. 

Communicate thoughts, feelings, ideas to justify a position. 

Apply team building concepts to develop a work group. 

Employ an appropriate leadership style for different situations. 

Employ work delegation techniques.

Negotiate an agreement involving an exchange of resources. 

Develop an action plan for negotiating. 

Resolve a conflict involving divergent interests. 

Demonstrate an ability to work with persons from diverse backgrounds. 

INFORMATION: ACQUISITION AND USE 

Acquires and evaluates information. 

Develop a form to collect data. 

Research and collect data from a defined source. 

Develop validation instrument for determining accuracy of data collected. 

Evaluate relevancy and accuracy of data. 

Processes data for input into a data storage system. 006 Organizes data for storage. 

Develop a filing system for storing information. 

Develop an inventory record-keeping system.

Develop a bill processing system. 

Analyzes information to communicate results to others. 

Produce a report using graphics to interpret and illustrate narrative information. 

Make an oral presentation using several different media to present information. 

Use computers to process information. 

Use a computer spreadsheet to develop a budget. 

Use a computer graphics program to prepare overheads for a report. 

Use on-line computer data bases to research a report. 

SYSTEMS: SOCIAL, ORGANIZATIONAL, TECHNOLOGICAL 

Describe how a defined system work and operate. 

Draw and interpret an organizational chart. 

Develop a chart that illustrates an understanding of stocks and flows. 

Draw a diagram that illustrates a technological problem definition and problem solving process. 

Monitor and correct performance. 

Distinguish trends. 

Predict impact of actions on system operations. 

Diagnose deviations in the function of a system/organization. 

Generate a statistical process control (SPC) chart. 

Develop a forecasting model. 

Suggest modifications to existing systems. 

Develop new or alternative systems to improve system performance. 

Draw a diagram showing an improved organization system based on Demming's 14 points. 

Choose a situation needing improvement and plan/implement an improvement process. 

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN 

Select equipment to meet defined specifications and needs. 

Setup/assemble equipment from instructions. 

Read and follow instructions for troubleshooting and repairing equipment. 

Read and follow maintenance instructions for keeping equipment in good working order.

TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACNT.1303 

COURSE TITLE:  Introduction to Accounting 

CREDIT HOURS: 3      LECTURE HOURS:  3       LAB HOURS: 0 

COURSE DESCRIPTION

PRE AND CO-REQUISITES

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

Do 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. 

 INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACNT.  1303

Course Title:   Introduction to Accounting

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373

Office Hours:   Posted 

COURSE DESCRIPTION 

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

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

    (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 15.  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.    

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. 

EVALUATION/GRADING 

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.

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS AND EXERCISES 

Please complete all of the Series A Problems in the fourteen (10) chapters of the textbook. 

Selected Exercises will also be assigned from each of the chapters. 

COURSE OUTLINE/SCHEDULE

MAJOR LEARNING OUTCOMES 

To develop marketable skills in bookkeeping and related clerical activities 

To acquire an understanding of bookkeeping principles and terminology 

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

To understand how the basic principles of bookkeeping may be applied to personal and social use activities 

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

To appreciate the opportunities of business offers in a free enterprise system 

ESSENTIALS OF ACCOUNTING

Define certain accounting terms 

Perform the journalizing and posting process 

Prepare the trial balance, the income statement, and the balance sheet 

ACCOUNTING FOR PERSONAL SERVICE AND CASH 

Define certain accounting terms 

Prepare a bank reconciliation statement and prepare the necessary entries in the journal necessary to correct the accounts affected 

Explain and prepare a multi-column book of original entry and a four-column form of balance-column ledger 

Complete a ten-column worksheet, given the trial balance and adjustments information 

ACCOUNTING FOR PURCHASES, PAYROLL, AND SALES 

Define certain accounting terms 

Complete and post a purchases journal, a cash payments journal, a sales journal, and a cash receipts journal 

Journalize and post purchase returns and allowances and sales returns and allowances in the general journal 

Discuss the sales and the sales tax payable accounts 

Prepare a schedule of accounts payable and a schedule of accounts receivable 

Explain and perform the three major functions of payroll accounting: (1) determination of employee earnings and deductions, (2) determination of employer payroll taxes, and (3) proper data entry of the expenses, liabilities, and cash payments in connection with employee earnings and deductions and employer payroll taxes

 

ESSENTIAL ACCOUNTING PRINCIPLES APPLIED TO A SMALL RETAIL BUSINESS 

Define certain accounting terms 

Explain the application of accounting principles in accounting for uncollectible accounts, prepaid expenses, and depreciation

Complete a ten-column worksheet, given the trial balance and adjustments information 

From a given ten-column worksheet, journalize and post the adjusting entries 

From a given ten-column worksheet, journalize and post the adjusting entries 

Prepare and analyze the income statement and the balance sheet 

Journalize and post the reversing entries for accrual adjustments 

THE NATURE OF BUSINESS ACCOUNTING 

Describe business accounting as it applies to profit-seeking enterprises 

Define certain business accounting terms 

Explain how selected business transactions affect the business entity, using the accounting equation 

Explain the nature of the income statement and the balance sheet, and how they relate to one another 

Explain the double-entry framework 

Explain the function of the trial balance 

ACCOUNTING PROCEDURE 

Recognize the flow of the financial data in an accounting information system - the basic accounting cycle 

Explain the purpose of a book of original entry 

Describe the chart of accounts as a means of classifying financial information, using an account numbering system 

Perform the journalizing and posting process 

Prepare the income statement and the balance sheet 

ACCOUNTING FOR A PERSONAL SERVICE ENTERPRISE 

Combine the basic ideas, procedures, forms, and records that have been described and illustrated thus far into a real-world accounting system 

Describe retail sales taxes and the related accounting procedure 

Describe commonly followed practices in processing incoming orders for merchandise, including the use of the following source documents: (1) customer purchase order, (2) sales ticket or invoice, (3) customer's check,  and (4) credit memorandum

Define the terms sales, sales discounts, sales returns, and allowances, net sales, and gross margin 

Describe subsidiary records, specifically: (1) a file of uncollected charge sale tickets - the "sales ticket" method and (2) a subsidiary accounts receivable ledger - the "ledger account" method 

Explain and use a special journal for sales of merchandise 

Explain and use a special journal for all cash receipts 

ACCOUNTING FOR CASH 

Explain the meanings of the term "cash" as it is used in accounting 

Describe internal control as it relates to the handling of cash 

Explain the operation of a petty cash fund and prepare a special multi-column record of cash payments 

Describe banking procedures relating to the use of commercial bank checking accounts, and prepare a bank statement reconciliation 

Describe the cash basis of accounting and to recognize the limits of its application

Explain and prepare a multi-column book of original entry and a four-column form of balance-column ledger 

Explain and perform the following end-of-period steps in the accounting process: (1) determine needed adjustments to the accounts, (2) prepare and end-of-period worksheet, (3) prepare financial statements with the aid of the worksheet, (4) journalize and post adjusting entries, (5) journalize and post closing entries, and (6) prepare a post-closing trial balance 

ACCOUNTING FOR PURCHASES AND PAYMENTS 

Explain why the cash basis of periodic income determination usually is unsuited to a merchandise business, and why the accrual basis gives a more meaningful measure of periodic income 

Describe and use the following source documents: (1) purchase requisition, (2) purchase order, (3) purchase invoice, (4) freight bill, and (5) credit memorandum 

Define trade discounts, cash discounts, terms of purchase, purchases, purchases discount, purchases returns and allowances, merchandise inventory, and cost of goods sold 

Explain and use the gross price and net-price bases of entering purchases invoices and processing such invoices for payment 

Explain and use a special journal for purchases of merchandise 

Describe subsidiary records that support amounts in general ledger accounts, such as the following: (1) a file of unpaid suppliers invoices - the "invoice" method and (2) a subsidiary accounts payable ledger - the "ledger account" method 

Explain and use a special journal for all cash payments 

ACCOUNTING FOR SALES AND COLLECTIONS 

Describe the various types of sales, including cash sales, sales of account, bank credit card sales, COD sales, sales "on approval," "layaway" sales, installment sales, and consignment sales, and explain the processing of each type of sale 

PAYROLL ACCOUNTING 

Explain and perform the three major functions of payroll accounting : (1) determination of employee earnings and deductions, (2) determination of employer payroll taxes, and (3) proper data entry of the expenses, liabilities, and cash payments in connection with employee earnings and deductions and employer payroll taxes 

Explain those government laws and regulations that primarily affect payroll accounting 

Describe and prepare selected forms and records that are required or desirable in payroll accounting 

Explain selected record-keeping methods and procedures used in the payroll area in connection with a computer-based accounting information system 

ACCRUAL ACCOUNTING APPLIED TO A SMALL RETAIL BUSINESS 

Adapt accrual accounting and the data processing phases of the accounting cycle to a small retail business 

Explain the application of accounting principles in accounting for: (1) uncollectible accounts, (2) prepaid expenses,  and (3) depreciation 

Describe the accounts receivable and accounts payable control accounts in the general ledger, and the three-column account form of their related subsidiary ledgers 

Explain and prepare a charge customer's statement of account 

THE PERIODIC SUMMARY 

Prepare a ten-column end-of-year worksheet for a retail business 

Prepare and analyze the financial statements of a retail merchandising business 

Analyze financial statements using some basic techniques

Describe the business owner's, as distinguished from the business', responsibility for income and self-employment taxes 

ADJUSTING AND CLOSING ACCOUNTS AT END OF ACCOUNTING PERIOD 

Explain and perform the steps in the accounting cycle that are needed to: (1) journalize and post adjusting entries and update the ledger account balances, (2) journalize and post closing entries and update the ledger account balances, (3) take a post-closing trial balance, and (4) journalize and post reversing entries 

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Defines relevant goal related activities. 

Ranks activities in order of importance. 

Allocates time to activities. 

Prepares and follows schedules. 

Construct a timeline chart. 

Describe the concept of a critical path. 

Estimate the time to complete a project by task. 

Use computer software to plan a project. 

RESOURCES: MONEY, BUDGETS, AND COSTS 

Uses or prepares a budget. 

Makes forecasts on budget matters. 

Maintains bookkeeping type records. 

Makes adjustments in a budget to meet objectives. 

Estimate costs. 

Prepare a budget using a spreadsheet. 

Do a cost analysis. 

RESOURCES: MATERIAL AND FACILITIES 

Acquires and stores materials. 

Allocates space for materials.

Uses materials and space. 

Lay out a workspace document with narrative and graphics using software. 

Describe First In First Out (FIFO) and Just In Time (JIT) inventory systems. 

Design a request for proposal (RFP) process. 

RESOURCES: HUMAN RESOURCES 

Assesses worker skills and distributes work. 

Evaluates worker performance. 

Provides feedback to improve worker performance. 

Develops a staffing plan. 

Write a job description. 

Conduct a performance evaluation. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team. 

Collaborate with group members to solve a problem. 

Develop strategies for accomplishing team objectives. 

Work through a group conflict situation. 

Teaches others new skills. 

Identify training needs. 

Work to satisfy customer's expectations. 

Respond to a telephone complaint about a product. 

Communicate thoughts, feelings, ideas to justify a position. 

Apply team building concepts to develop a work group. 

Employ an appropriate leadership style for different situations. 

Employ work delegation techniques. 

Negotiate an agreement involving an exchange of resources. 

Develop an action plan for negotiating.

Resolve a conflict involving divergent interests. 

Demonstrate an ability to work with persons from diverse backgrounds. 

INFORMATION:ACQUISITION AND USE 

Acquires and evaluates information. 

Develop a form to collect data. 

Research and collect data from a defined source. 

Develop validation instrument for determining accuracy of data collected. 

Evaluate relevancy and accuracy of data. 

Organizes data for storage. 

Processes data for input into a data storage system. 

Develop a filing system for storing information. 

Develop an inventory record-keeping system. 

Develop a bill processing system. 

Analyzes information to communicate results to others. 

Produce a report using graphics to interpret and illustrate narrative information. 

Make an oral presentation using several different media to present information. 

Use computers to process information. 

Use a computer spreadsheet to develop a budget. 

Use a computer graphics program to prepare overheads for a report. 

Use on-line computer data bases to research a report. 

SYSTEMS: SOCIAL,ORGANIZATIONAL, TECHNOLOGICAL 

Describe how a defined system work and operate. 

Draw and interpret an organizational chart. 

Develop a chart that illustrates an understanding of stocks and flows. 

Draw a diagram that illustrates a technological problem definition and problem solving process. 

Monitor and correct performance. 

Distinguish trends. 

Predict impact of actions on system operations.

Diagnose deviations in the function of a system/organization. 

Generate a statistical process control (SPC) chart. 

Develop a forecasting model. 

Develop a monitoring process. 

Suggest modifications to existing systems. 

Develop new or alternative systems to improve system performance. 

Draw a diagram showing an improved organization system based on Demming's 14 points. 

Choose a situation needing improvement and plan/implement an improvement process. 

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN 

Select equipment to meet defined specifications and needs. 

Setup/assemble equipment from instructions. 

Read and follow instructions for troubleshooting and repairing equipment. 

Read and follow maintenance instructions for keeping equipment in good working order.

TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACNT.1311 

COURSE TITLE:   Introduction to Computerized Accounting 

CREDIT HOURS: 3      LECTURE HOURS:  3    LAB HOURS: 0 

COURSE DESCRIPTION:

Prerequisite:  ACNT 1303 or Accounting 2401 or Instructor Approval

A study of basic fundamental principles of accounting using the microcomputer to solve accounting problems.   Emphasis is on the closing entries to the ledger , post-closing trial balance, depreciation, accounts payable, accounts receivable, payroll and bank reconciliation.  Comprehensive accounting problems and or a comprehensive practice set will conclude the course. 

PRE AND CO-REQUISITES

Prerequisite:  High school bookkeeping or Accounting 1303 and Financial Accounting  

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT:   Integrated Accounting for Windows, 4th Edition, by Klooster and Allen, Southwestern Publishing Company, Dallas, Texas. 

SUPPLIES AND MATERIALS:    

COURSE GOALS

1.  To develop marketable skills in Computerized 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

Do 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. 

LABORATORY AND FIELD WORK

ACCOUNTING LAB: 

   The Accounting lab is designed so that you may get help in areas in which you may be having trouble.  Out of class tutors may be scheduled through the Special Services Department.  The answer book is to be used only at the Front Desk of the classroom.  DO NOT REMOVE PAGES FROM THE ANSWER BOOK.  Attendance in lab is required unless you have completed and turned in , or have checked-off, all assigned problems from the current chapter.

 

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. 

INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACNT.1311

Course Title: Introduction to Computerized Accounting Systems

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373     email:  dloper@tvcc.edu

Office Hours:   Posted 

COURSE DESCRIPTION

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

(1) Major test; (2) Workbook assignments; (3) Exercises; (4)Comprehensive Problems or Practice Sets   (5) Final Examination  

    (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)  Comprehensive Problems or Practice Sets   A comprehensive Practice Set or Problem will be used in the course to bring all components of the accounting cycle studied in the text.

 

    (5)  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 11.  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.    

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. 

EVALUATION/GRADING

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.  

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS 

Homework problems will be assigned on a weekly basis according to the Accounting chapter that is being studied during that week. 

COURSE OUTLINE/SCHEDULE

MAJOR LEARNING OUTCOMES 

To develop marketable skill in computerized accounting 

To acquire an understanding of Accounting principles and terminology relating to the microcomputer 

To develop desirable work habits and attitudes needed for success in the automated business

To understand how the basic principles of bookkeeping may be applied to personal and social use activities 

To contribute to general education and understanding of common economic concepts and the language of the automated business 

To develop an understanding and appreciation of management responsibility, problems of management, and the workers' responsibility to the organization of an automated business. 

INTRODUCTION: 

 Identify key differences between manual and computerized accounting systems 

Identify the process of computerized accounting system integration 

Name the major computerized accounting systems utilized in this text 

GENERAL LEDGER SETUP FOR MICRO-ACCOUNTING 

Explain the basics of a microcomputer accounting system 

Describe the rules for using the microcomputer in learning accounting concepts 

Identify the menu selections available for developing financial reports 

Demonstrate how to care and handle the diskette 

Communicate to the computer using the proper keyboard keys, system rules, and standards 

Recognize informational messages and error conditions 

Set general information 

GENERAL LEDGER ACCOUNTING CYCLE 

Create an empty general ledger master file 

Set the general information and run-time options 

Build a chart of accounts 

Perform a chart of accounts file maintenance 

Print a chart of accounts report 

Key journal entry transactions 

Print a journal entries proof 

Make corrections to journal entries 

Print a trial balance 

Print financial statements 

Perform and describe the period-end closing process 

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Defines relevant goal related activities. 

Ranks activities in order of importance. 

Allocates time to activities. 

Prepares and follows schedules. 

Construct a timeline chart. 

Describe the concept of a critical path. 

Estimate the time to complete a project by task. 

Use computer software to plan a project. 

RESOURCES: MONEY, BUDGETS, AND COSTS 

Uses or prepares a budget. 

Makes forecasts on budget matters. 

Maintains bookkeeping type records. 

Makes adjustments in a budget to meet objectives. 

Estimate costs. 

Prepare a budget using a spreadsheet. 

Do a cost analysis. 

RESOURCES: MATERIAL AND FACILITIES 

Acquires and stores materials. 

Allocates space for materials. 

Uses materials and space. 

Lay out a workspace document with narrative and graphics using software. 

Describe First In First Out (FIFO) and Just In Time (JIT) inventory systems. 

Design a request for proposal (RFP) process. 

RESOURCES: HUMAN RESOURCES 

Assesses worker skills and distributes work. 

Evaluates worker performance. 

Provides feedback to improve worker performance. 

Develops a staffing plan. 

Write a job description. 

Conduct a performance evaluation. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team. 

Collaborate with group members to solve a problem. 

Develop strategies for accomplishing team objectives. 

Work through a group conflict situation. 

Teaches others new skills. 

Identify training needs. 

Work to satisfy customer's expectations. 

Respond to a telephone complaint about a product. 

Communicate thoughts, feelings, ideas to justify a position. 

Apply team building concepts to develop a work group. 

Employ an appropriate leadership style for different situations. 

Employ work delegation techniques. 

Negotiate an agreement involving an exchange of resources. 

SCN5 005 014 Develop an action plan for negotiating. 

Resolve a conflict involving divergent interests. 

Demonstrate an ability to work with persons from diverse backgrounds. 

INFORMATION:  ACQUISITION AND USE 

Acquires and evaluates information. 

Develop a form to collect data.

 

Research and collect data from a defined source. 

Develop validation instrument for determining accuracy of data collected. 

Evaluate relevancy and accuracy of data. 

Organizes data for storage. 

Processes data for input into a data storage system. 

Develop a filing system for storing information. 

Develop an inventory record-keeping system. 

Develop a bill processing system. 

Analyzes information to communicate results to others. 

Produce a report using graphics to interpret and illustrate narrative information. 

Make an oral presentation using several different media to present information. 

Use computers to process information. 

Use a computer spreadsheet to develop a budget. 

Use a computer graphics program to prepare overheads for a report. 

Use on-line computer data bases to research a report.

SYSTEMS: SOCIAL,ORGANIZATIONAL, TECHNOLOGICAL 

Describe how a defined system work and operate. 

Draw and interpret an organizational chart. 

Develop a chart that illustrates an understanding of stocks and flows. 

Draw a diagram that illustrates a technological problem definition and problem solving process. 

Monitor and correct performance. 

Distinguish trends. 

Predict impact of actions on system operations. 

Diagnose deviations in the function of a system/organization. 

Generate a statistical process control (SPC) chart. 

Develop a forecasting model.

Develop a monitoring process.

Suggest modifications to existing systems.

Develop new or alternative systems to improve system performance. 

Draw a diagram showing an improved organization system based on Demming's 14 points. 

Choose a situation needing improvement and plan/implement an improvement process. 

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN 

Select equipment to meet defined specifications and needs. 

Setup/assemble equipment from instructions.

Read and follow instructions for troubleshooting and repairing equipment. 

Read and follow maintenance instructions for keeping equipment in good working order.  

TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACNT.1313 

COURSE TITLE:   Computerized Accounting Applications 

CREDIT HOURS: 3      LECTURE HOURS:  3          LAB HOURS: 0 

COURSE DESCRIPTION

Prerequisite:  ACNT 1311 and ACCT 2401 or Instructor Approval.    

A study of utilizing the computer to develop and maintain accounting record keeping systems, make management decisions and process common business applications with emphasis on utilizing a commercial accounting package.   Some spreadsheet and word processing applications will be utilized.

PRE AND CO-REQUISITES 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES: Peachtree or Quickbooks Pro 2003 may be completed.

REQUIRED TEXT:   Computerized Accounting with Peachtree 2003, by Jim  Mazza, EMC Paradigm, St Paul Minnesota.           Ouickbooks Pro 2003, EMC Paradig, St Paul Minnesota. 

SUPPLIES AND MATERIALS:    

COURSE GOALS

1.  To develop marketable skills in Computerized 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

Do 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. 

LABORATORY AND FIELD WORK

ACCOUNTING LAB: 

   The Accounting lab is designed so that you may get help in areas in which you may be having trouble.  Out of class tutors may be scheduled through the Special Services Department.  The answer book is to be used only at the Front Desk of the classroom.  DO NOT REMOVE PAGES FROM THE ANSWER BOOK.  Attendance in lab is required unless you have completed and turned in , or have checked-off, all assigned problems from the current chapter. 

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. 

 INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACNT.1313

Course Title: Computerized Accounting Applications

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373   email    dloper@tvcc.edu

Office Hours:   Posted  

COURSE DESCRIPTION

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

(1) Major test; (2) Workbook assignments; (3) Exercises; (4)Comprehensive Problems or Practice Sets   (5) Final Examination  

    (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)  Comprehensive Problems or Practice Sets   A comprehensive Practice Set or Problem will be used in the course to bring all components of the accounting cycle studied in the text.  

    (5)  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 11.  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.    

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. 

EVALUATION/GRADING

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.  

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS 

Microcomputer Accounting Applications

PEACH TREE

Course 1313 

These are the following homework assignments for this course.

Chapter 1 Getting Started

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 2 Setting Up a Company

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 3 Entering Transactions for a Cash Business

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 4 Accounts Receivable and Sales for a Service Business

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 5 Accounts Payable and Purchases for a Service Business

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 6 Cash Payments and Cash Receipts

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 7 Preparing Financial Statements

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 8 Purchases of Inventory in a Merchandise Business

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 9 Sales of Inventory in a Merchandise Business

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 10 Payroll

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 11 Job Costing

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 12 Fixed Assets

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

 Chapter 13 Partnerships and Corporations

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

Chapter 14 Business Analysis

Do the Case Problems 1A-2A and 1B-2B at the end of the chapter.

HOMEWORK PROBLEMS FOR QUICKBOOKS PRO 2003

 

Microcomputer Accounting Applications

Quick Books Pro 2003

Course 1313 

These are the following homework assignments for this course.

Chapter 1 Introduction to Quick Books Pro

  Do Procedure Review and Application at the end of the chapter.

Chapter 2 Vendors

Read Review and Application question.

 Complete Case Problem 1 and Case Problem 2  at the end of the chapter.

Chapter 3 Customers

Read Review and Application question.

 Complete Case Problem 1 and Case Problem 2  at the end of the chapter.

Chapter 4 Period End Procedures

Read Review and Application question.

 Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 5 Inventory

Read Review and Application question.

Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 6 New Company Setup Part I

Read Review and Application question.

 Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 7 New Company Setup PartII

Read Review and Application question.

 Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 8 New Company Setup Alternative

Read Review and Application question.

 Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 9 Payroll Setup and Processing

Read Review and Application question.

Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 10 Banking

Read Review and Application question.

Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 11 Jobs and Time Tracking

Read Review and Application question.

Complete Case Problem 1 and Case Problem 2  at the end of the chapter

Chapter 12 Customizing your Company File

Read Review and Application question.

 Complete Case Problem 1 and Case Problem 2  at the end of the chapter 

PLEASE CHECK YOUR (OWN) HOMEWORK PRINTOUTS  FOR THE CASE  PROBLEMS USING THE MANUAL THAT IS LOCATED IN MY BLUE FILE BOX THAT CONTAINS THE ACCOUNTING PAPERS. 

PLEASE CHECK YOUR (OWN) HOMEWORK PRINTOUTS  FOR THE PRACTICE PROBLEMS USING THE MANUAL THAT IS LOCATED IN MY BLUE FILE BOX THAT CONTAINS THE ACCOUNTING PAPERS. 

PLEASE TURN IN YOUR PRINTOUTS FOR THE CHALLENGE PROBLEMS, BY PLACING THEM IN THE GRAY PLASTIC FILE CART LOCATED AT THE FRONT OF THE ROOM.  PLEASE PLACE YOUR PRINOUTS IN A FILE FOLDER THAT HAS YOUR NAME ON IT AND IN THE SECTION LABELED  NOT GRADED.  

TESTS  WILL BE GIVEN  AS THE STUDENT COMPLETES  THE TOPICS AS ILLUSTRATED IN THE TEXTBOOK: 

Homework problems will be assigned on a weekly basis according to the Accounting chapter that is being studied during that week. 

COURSE OUTLINE/SCHEDULE

MAJOR LEARNING OUTCOMES 

To develop marketable skill in computerized accounting 

To acquire an understanding of Accounting principles and terminology relating to the microcomputer 

To develop desirable work habits and attitudes needed for success in the automated business 

To understand how the basic principles of bookkeeping may be applied to personal and social use activities 

To contribute to general education and understanding of common economic concepts and the language of the automated business 

To develop an understanding and appreciation of management responsibility, problems of management, and the workers' responsibility to the organization of an automated business 

INTRODUCTION 

Identify key differences between manual and computerized accounting systems 

Identify the process of computerized accounting system integration 

Name the major computerized accounting systems utilized in this text 

GENERAL LEDGER SETUP FOR MICRO-ACCOUNTING 

Explain the basics of a microcomputer accounting system 

Describe the rules for using the microcomputer in learning accounting concepts 

Identify the menu selections available for developing financial reports 

Demonstrate how to care and handle the diskette 

Communicate to the computer using the proper keyboard keys, system rules, and standards 

Recognize informational messages and error conditions 

Set general information 

GENERAL LEDGER ACCOUNTING CYCLE 

Create an empty general ledger master file 

Set the general information and run-time options 

Build a chart of accounts 

Perform a chart of accounts file maintenance 

Print a chart of accounts report 

Key journal entry transactions 

Print a journal entries proof 

Make corrections to journal entries 

Print a trial balance 

Print financial statements 

Perform and describe the period-end closing process 

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Defines relevant goal related activities. 

Ranks activities in order of importance. 

Allocates time to activities. 

Prepares and follows schedules. 

Construct a timeline chart. 

Describe the concept of a critical path. 

Estimate the time to complete a project by task. 

Use computer software to plan a project. 

RESOURCES: MONEY, BUDGETS, AND COSTS 

Uses or prepares a budget. 

Makes forecasts on budget matters. 

Maintains bookkeeping type records. 

Makes adjustments in a budget to meet objectives. 

Estimate costs. 

Prepare a budget using a spreadsheet. 

Do a cost analysis. 

RESOURCES: MATERIAL AND FACILITIES 

Acquires and stores materials. 

Allocates space for materials. 

Uses materials and space. 

Lay out a workspace document with narrative and graphics using software. 

Describe First In First Out (FIFO) and Just In Time (JIT) inventory systems. 

Design a request for proposal (RFP) process. 

RESOURCES: HUMAN RESOURCES 

Assesses worker skills and distributes work. 

Evaluates worker performance. 

Provides feedback to improve worker performance. 

Develops a staffing plan. 

Write a job description. 

Conduct a performance evaluation. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team. 

Collaborate with group members to solve a problem. 

Develop strategies for accomplishing team objectives. 

Work through a group conflict situation. 

Teaches others new skills. 

Identify training needs. 

Work to satisfy customer's expectations. 

Respond to a telephone complaint about a product. 

Communicate thoughts, feelings, ideas to justify a position. 

Apply team building concepts to develop a work group. 

Employ an appropriate leadership style for different situations. 

Employ work delegation techniques. 

Negotiate an agreement involving an exchange of resources. 

Develop an action plan for negotiating. 

Resolve a conflict involving divergent interests. 

Demonstrate an ability to work with persons from diverse backgrounds. 

INFORMATION:ACQUISITION AND USE 

Acquires and evaluates information. 

Develop a form to collect data. 

Research and collect data from a defined source. 

Develop validation instrument for determining accuracy of data collected. 

Evaluate relevancy and accuracy of data. 

Organizes data for storage. 

Processes data for input into a data storage system.

 Develop a filing system for storing information. 

Develop an inventory record-keeping system. 

Develop a bill processing system. 

Analyzes information to communicate results to others. 

Produce a report using graphics to interpret and illustrate narrative information. 

Make an oral presentation using several different media to present information. 

Use computers to process information. 

Use a computer spreadsheet to develop a budget. 

Use a computer graphics program to prepare overheads for a report. 

Use on-line computer data bases to research a report. 

SYSTEMS: SOCIAL,ORGANIZATIONAL, TECHNOLOGICAL 

Describe how a defined system work and operate. 

Draw and interpret an organizational chart. 

Develop a chart that illustrates an understanding of stocks and flows. 

Draw a diagram that illustrates a technological problem definition and problem solving process. 

Monitor and correct performance. 

Distinguish trends. 

Predict impact of actions on system operations. 

Diagnose deviations in the function of a system/organization. 

Generate a statistical process control (SPC) chart. 

Develop a forecasting model. 

Develop a monitoring process. 

Suggest modifications to existing systems. 

Develop new or alternative systems to improve system performance. 

Draw a diagram showing an improved organization system based on Demming's 14 points. 

Choose a situation needing improvement and plan/implement an improvement process. 

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN 

Select equipment to meet defined specifications and needs. 

Setup/assemble equipment from instructions. 

Read and follow instructions for troubleshooting and repairing equipment. 

Read and follow maintenance instructions for keeping equipment in good working order.

TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACNT.  1329 

COURSE TITLE:  Payroll and Business Tax Accounting 

CREDIT HOURS: 3      LECTURE HOURS:  3       LAB HOURS: 0 

COURSE DESCRIPTION

A study of the payroll procedures, taxing entities, and reporting requirements of local, state, and federal taxing authorities in a manual and computerized environment.  

PRE AND CO-REQUISITES

Approval of Division Chairperson and Instructor. 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT:   Payroll Accounting 2004 , by Bernard J. Bieg, Southwestern Publishing Company,  Dallas, Texas.  

SUPPLIES AND MATERIALS:   Diskettes 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 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

Do 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. 

11. Overhead and computer projection panel used to explain and demonstrate problems and exercises in the text. 

INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACNT.   1329

Course Title:    Payroll Accounting

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office phone 903-675-6373    www.dloper@tvcc.edu

Officice Hours:   Posted  

COURSE DESCRIPTION

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

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

    (1) Major tests:  Several major tests will be given.  Most tests will be given every two chapters. The tests will composed of Accounting terminology, true-false and multiple choice questions 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 class  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 12.  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.    

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. 

EVALUATION/GRADING

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.  

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS 

Homework problems will be assigned on a weekly basis according to the Accounting chapter that is being studied during that week. 

COURSE OUTLINE/SCHEDULE 

THE NEED FOR PAYROLL AND PERSONNEL RECORDS

Filing - who, when, where

Personal exemptions 

Gross income - inclusions and exclusions 

Deductions 

Computations of tax 

Adjustments to gross income 

Reporting income from a business, profession, and supplemental sources 

Capital gains and losses 

Special tax computations and credits 

COMPUTING AND PAYING WAGES AND SALARIES. ITEMIZED DEDUCTIONS 

Explain the deductions allowed individuals that are personal in nature 

Be familiar with the different tax credits and how they affect tax liabilities 

Know employment-related expenses and deductions 

Identify employee deductions to and from adjusted gross income 

Explain the shifting of unearned income to minors 

SOCIAL SECURITY TAXES 

Explain the income tax withholding methods 

Identify who must pay income tax on an estimated basis and when payments must be paid 

Discuss reporting requirements by the employer 

Discuss FICA tax, self-employment tax, and FUTA tax 

Describe the different accounting methods that may be used for reporting purposes 

Discuss the treatment of bad debts 

Describe the different depreciation methods that may be used 

Identify the home office allocations for business use  

INCOME TAX WITHHOLDING 

 Have a knowledge of the accounting periods and accounting methods 

 Be able to distinguish between business related deductions and personal deductions

  Explain the income tax withholding methods 

 Identify who must pay income tax on an estimated basis and when payments must be paid 

UNEMPLOYMENT COMPENSATION TAXES 

 Discuss reporting requirements by the employer 

 Discuss FICA tax, self-employment tax, and FUTA tax 

ANALYZING AND JOURNALIZING PAYROLL TRANSACTIONS 

The Payroll  Register 

The employee’s Earnings Record 

Recording Gross Pay and Withholdings 

Methods of Paying Wages and Salaries 

Recording Payroll Taxes 

Recording Year End Adjustments 

PAYROLL PROJECT 

Books of Account and Payroll Records 

Narrative of Payroll Transactions 

Employees Earnings Record 

Have an understanding of the inclusions or exclusions to or from gross incomeDefine certain tax terms 

Identify the major conceptual differences between "economic" income and income for accounting purposes 

Identify qualified employee business expenses

TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACNT.  1331 

COURSE TITLE:  Federal Income Tax 

CREDIT HOURS: 3  LECTURE HOURS:  3     LAB  HOURS: 0 

COURSE DESCRIPTION

This course primarily focuses on federal income taxation for individuals.  Emphasis is placed on the preparation of Form 1040, along with various supporting schedules.. Attention is also placed on the use of data processing equipment in the preparation of the various tax forms and schedules.  

PRE AND CO-REQUISITES

Approval of Division Chairperson and Instructor. 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT: Income Tax Fundamentals,   by Gerald Whittenburg  and   Martha Buller,  1997 , San  Francisco,  California.  

SUPPLIES AND MATERIALS:   Diskettes 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 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

Do 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. 

11. Overhead and computer projection panel used to explain and demonstrate problems and exercises in the text. 

INSTRUCTOR INFORMATION SHEET 

GENERAL COURSE INFORMATION

Course Number:   ACNT.1331

Course Title:  Federal Income Tax

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373            Email  dloper@tvcc.edu

Office Hours:   Posted 

COURSE DESCRIPTION

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

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

    (1) Major tests:  Several major tests will be given.  Most tests will be given every two chapters. The tests will composed of Accounting terminology, true-false and multiple choice questions 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 class  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 12.  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.    

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. 

EVALUATION/GRADING

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.  

MAKE-UP POLICY: 

    Students will be allowed to take ONE make-up test during the entire semester.  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. 

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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. 

HOMEWORK PROBLEMS

Homework problems will be assigned on a weekly basis according to the Accounting chapter that is being studied during that week. 

COURSE OUTLINE/SCHEDULE 

TO GAIN AN UNDERSTANDING OF THE FUNDAMENTALS OF INCOME TAX SUCH AS: 

Filing - who, when, where 

Personal exemptions 

Gross income - inclusions and exclusions 

Computations of tax 

Adjustments to gross income 

Reporting income from a business, profession, and supplemental sources 

Capital gains and losses 

Special tax computations and credits 

TO ACQUIRE A BASIC KNOWLEDGE OF TAX MATTERS AND PAYROLL 

TO BECOME FAMILIAR WITH CREDITS AND SPECIAL TAXES 

TO ACQUIRE AN UNDERSTANDING OF CORPORATE AND PARTNERSHIP TAX PROVISION 

TO BECOME FAMILIAR WITH TAX PAYER COMPLIANCE AND TAX AUDITS 

ESSENTIALS OF TAXATION 

Identify certain taxable entities 

Have an understanding of the history and objective of the tax system 

Have an understanding of who must file a tax return 

Identify dependent exemptions 

TAX FOR INDIVIDUALS AND INCOME INCLUSIONS AND EXCLUSIONS 

Have an understanding of the inclusions or exclusions to or from gross income 

Define certain tax terms 

Identify the major conceptual differences between "economic" income and income for accounting purposes 

Identify qualified employee business expenses 

INCOME TAX CREDITS AND ITEMIZED DEDUCTIONS 

Be familiar with the different tax credits and how they affect tax liabilities 

Know employment-related expenses and deductions 

Identify employee deductions to and from adjusted gross income

Explain the shifting of unearned income to minors 

SELF-EMPLOYMENT RETURNS, CAPITAL GAINS AND LOSSES, WITHHOLDING AND ESTIMATED PAYMENTS, AND PAYROLL TAXES 

Have a knowledge of the accounting periods and accounting methods 

Be able to distinguish between business related deductions and personal deductions 

Have an understanding of Individual Retirement Accounts and Keogh Plans 

Distinguish between capital gain and losses and ordinary gains and losses for federal income tax purposes 

Explain the differences between business losses and hobby losses and how they are applied to income tax responsibilities 

Explain the recapture of certain cost recoveries 

Describe the basic rules for like-kind exchanges 

Explain the tax reporting procedures for the sale of a personal residence 

Describe the acceptable methods for withholding and estimating payments 

Discuss the computation and payment of the self-employment tax 

PARTNERSHIP AND CORPORATE INCOME TAX AND TAX ADMINISTRATION 

Explain the formation and income tax reporting of a partnership 

Discuss the at-risk rules 

Discuss corporate tax rates and special tax deductions and limitations 

Explain the filing requirement and estimated tax for corporations 

Distinguish S corporations form C corporations and partnerships 

Discuss the administering of the tax laws by the IRS 

Explain the audit process 

Describe the penalties, interest, and limitations prescribed by the IRS 

INTRODUCTION 

Identify who must file an income tax return 

Identify the objectives common to our tax laws 

Identify the taxable entities for federal income tax purposes 

Explain filing status and tax computation 

Describe the personal and dependency exemptions 

GROSS INCOME AND EXCLUSIONS 

Define the nature of gross income 

Identify and explain the differences between taxable income and nontaxable income 

ADJUSTMENTS TO INCOME AND EMPLOYEE EXPENSES 

Distinguish between travel expenses and transportation expenses and how they are treated for income tax purposes 

Identify the different entertainment expenses and explain how they are treated for income tax purposes 

Identify the different educational expenses and explain how they are treated for income tax purposes 

Explain how passive activities can affect a taxpayers tax obligations 

Explain which employee fringe benefits are included as gross income and which are excluded 

ITEMIZED DEDUCTIONS 

Explain medical expense qualifications 

Define the different taxes that may be deducted from adjusted gross income 

Explain how contributions are treated as itemized deductions 

Describe the treatment of casualty and theft losses, and miscellaneous deductions 

CREDITS AND SPECIAL TAXES 

Explain tax credits for the elderly and the disabled 

Discuss earned income credit and child and dependent care credit 

Discuss the individual alternative minimum tax 

Explain how the Tax Reform Act of 1986 affects unearned income of minor children 

SELF-EMPLOYMENT RETURNS 

Discuss the accounting periods as outlined by the Tax Reform Act of 1986 

Describe the different accounting methods that may be used for reporting purposes 

Discuss the treatment of bad debts 

Describe the different depreciation methods that may be used 

Identify the home office allocations for business use 

Discuss Individual Retirement Accounts and Keogh Retirement Plans 

Define qualifying hobby losses and how they are treated by the Internal Revenue Service. 

CAPITAL GAINS AND LOSSES 

Define capital asset 

Explain how to calculate the amount of any capital gain or loss realized 

Define the basic rules for like-kind exchanges and identify the properties that qualify as like-kind exchanges 

WITHHOLDING, ESTIMATED PAYMENTS, AND PAYROLL TAXES 

Explain the income tax withholding methods Identify who must pay income tax on an estimated basis and when payments must be paid 

Discuss reporting requirements by the employer 

Discuss FICA tax, self-employment tax, and FUTA tax 

PARTNERSHIP TAXATION 

Define a partnership and how it is formed 

Discuss partnership income reporting and distribution payments 

Identify a tax year for a partnership

Explain the liquidation process of a partnership 

Discuss the At-Risk Rule as it applies to partnerships 

THE CORPORATE INCOME TAX 

Distinguish corporations from other entities 

Understand the progressive corporate tax rates 

Explain how capital gains and losses affect corporate income tax 

Discuss special deductions and limitations applied to corporate taxation 

Explain filing requirements for regular corporations and S corporations 

Discuss the formation of an S corporation and a regular corporation 

Explain the alternate corporate minimum tax and how it is calculated 

TAX ADMINISTRATION 

Explain what the Internal Revenue Service is and how it administers tax laws 

Discuss the audit process by the IRS 

Explain how interest and penalties are determined by the IRS on deficient returns 

Discuss the statute of limitations on which the IRS may take action on a return 

Discuss the qualifications and responsibilities of tax practitioners 

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Defines relevant goal related activities. 

Ranks activities in order of importance. 

Allocates time to activities. 

Prepares and follows schedules. 

Construct a timeline chart. 

Describe the concept of a critical path. 

Estimate the time to complete a project by task. 

Use computer software to plan a project.

RESOURCES: MONEY, BUDGETS, AND COSTS

 Uses or prepares a budget.

Makes forecasts on budget matters. 

Maintains bookkeeping type records. 

Makes adjustments in a budget to meet objectives. 

Estimate costs. 

Prepare a budget using a spreadsheet. 

RESOURCES: MATERIAL AND FACILITIES 

Acquires and stores materials. 

Allocates space for materials. 

Uses materials and space. 

Lay out a workspace document with narrative and graphics using software. 

Describe First In First Out (FIFO) and Just In Time (JIT) inventory systems. 

Design a request for proposal (RFP) process. 

RESOURCES: HUMAN RESOURCES 

Assesses worker skills and distributes work. 

Evaluates worker performance. 

Provides feedback to improve worker performance. 

Develops a staffing plan. 

Write a job description. 

Conduct a performance evaluation. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team. 

Collaborate with group members to solve a problem. 

Develop strategies for accomplishing team objectives. 

Work through a group conflict situation. 

Teaches others new skills. 

Identify training needs. 

Work to satisfy customer's expectations. 

Respond to a telephone complaint about a product. 

Communicate thoughts, feelings, ideas to justify a position. 

Apply team building concepts to develop a work group. 

Employ an appropriate leadership style for different situations. 

Employ work delegation techniques. 

Negotiate an agreement involving an exchange of resources. 

Develop an action plan for negotiating. 

Resolve a conflict involving divergent interests. 

Demonstrate an ability to work with persons from diverse backgrounds.  

INFORMATION: ACQUISITION AND USE 

Acquires and evaluates information. 

Develop a form to collect data. 

Develop validation instrument for determining accuracy of data collected. 

Evaluate relevancy and accuracy of data. 

Processes data for input into a data storage system. 

Develop an inventory record-keeping system. 

Develop a bill processing system. 

Analyzes information to communicate results to others. 

Produce a report using graphics to interpret and illustrate narrative information. 

Make an oral presentation using several different media to present information. 

Use computers to process information. 

Use a computer spreadsheet to develop a budget. 

Use on-line computer data bases to research a report. 

SYSTEMS: SOCIAL,ORGANIZATIONAL, TECHNOLOGICAL 

Describe how a defined system work and operate. 

Draw and interpret an organizational chart.

 Develop a chart that illustrates an understanding of stocks and flows. 

Draw a diagram that illustrates a technological problem definition and problem solving process. 

Distinguish trends. 

Predict impact of actions on system operations. 

Diagnose deviations in the function of a system/organization. 

Generate a statistical process control (SPC) chart. 

Develop a forecasting model. 

Develop a monitoring process. 

Suggest modifications to existing systems. 

Develop new or alternative systems to improve system performance. 

Draw a diagram showing an improved organization system based on Demming's 14 points. 

Choose a situation needing improvement and plan/implement an improvement process. 

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN 

Select equipment to meet defined specifications and needs. 

Setup/assemble equipment from instructions. 

Read and follow instructions for troubleshooting and repairing equipment.

Read and follow maintenance instructions for keeping equipment in good working order.  

HOMEWORK PROBLEMS

Homework problems will be assigned on a weekly basis according to the Accounting chapter that is being studied during that week.

TVCC

SYLLABUS SECTION 

GENERAL COURSE INFORMATION

COURSE NUMBER:    ACNT.  2382 

COURSE TITLE:   Cooperative Education Accounting Technician 

CREDIT HOURS: 3    LECTURE HOURS: 3       LAB HOURS:  20 

COURSE DESCRIPTION

A Comprehensive treatment of career  related activities encountered in the student’s area of specialization.  Under supervision of the college and the employer, the student combines classroom learning with work experience.  Internship is only  open to students enrolled in the Associate in Applied Science Degree and Accounting Certificate Program.  

PRE AND CO-REQUISITES

Approval of Division Chairperson. 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT: All books,  manuals, reference guides, computer experiences,  papers, films, cassettes and forms will be determined  by the Instructor with input from the employer in accordance with the student’s area of  specialization.  

SUPPLIES AND MATERIALS:   As determined and selected by the Instructor and College   with input from Employer. 

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 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

Do all assigned readings and related homework.  Come to work prepared .   Bring appropriate and prescribed materials to class.  Perform at a 60% level or above on all tests.  Come to work  and  be 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.   

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. 

11. Overhead and computer projection panel used to explain and demonstrate problems and exercises in the text. 

INSTRUCTOR INFORMATION SHEET

GENERAL COURSE INFORMATION

Course Number:   ACNT  2382

Course Title: Cooperative Education Accounting Technician

Professor/Instructor:    David Loper

Office Address/Number:   111 Technical Bldg.

Office Phone:   903-675-6373               EMAIL  dloper@tvcc.edu

Office Hours:   Posted 

COURSE DESCRIPTION

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

(1)Employer  Evaluation; (2)Exit  Evaluation;  (3)Attendance,  Attitude,  and Appearance at  work; (4)Instructor/Coordinator Evaluation.

Instructor/coordinator.    (7)The Instructor/Coordinator will assign the final grade for the work done by student on the job site by using areas one through six as a basis for the grade.   

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...  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. 

EVALUATION/GRADING

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.  

ATTENDANCE AND BEHAVIOR --  GUIDELINES  FOR  CLASS AND  THE ACCOUNTING INTERNSHIP PROGRAM

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 ... hours credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained m the General Policy :

Students are expected to be in class on time.  ... instances of tardiness will be allowed per ...  Excessive or frequent tardiness will affect the course grade.  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 

1.  The Intern/Coordinator must be furnished with a class schedule before the beginning of the semester and notified of any change during the semester. 

2.  The Intern/Coordinator needs to know immediately any changes of address or telephone numbers.  

3.  When a student is prevented from reporting to work due to illness or other various reasons, the employer must be notified.  If a student is absent from work more than three days, the Intern/Coordinator must be notified.  

4.  All students enrolled in as an Accounting Cooperative Education course should consider themselves outstanding representative of the College. 

5.  Students are expected to stay with the same employer during the period of enrollment in Accounting Cooperative Education Program.  Any student employee who quits an approved intern job without permission from the intern/coordinator may be dropped from the program. 

6.  If the student employee and the Intern/Coordinator agree to terminate the employment, the student will write a termination letter for and give at least two weeks notice to the employer.  A copy of the letter and a brief written report of the exit interview will be retained by the Intern/Coordinator. 

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

The   Student should include at least one performance objective from each of the following areas of accounting activity outlined below. 

1.  General Ledger 

2.  Accounts  Receivable 

3.  Accounts Payable 

4.  Payroll 

5.  Depreciation 

6.  Auditing 

7.  Taxation 

8.  Management and Organization of an Accounting  Firm 

9.  Computer use in Accounting Firms Today. 

The student objectives should include but not be limited to the above outlined areas of Accounting Activity. 

INTERNSHIP ACTIVITIES AND ASSIGNMENTS: 

POLICIES  AND  ASSIGNMENTS FOR ACCOUNTING INTERNSHIP 

THE STUDENT MUST HAVE APPROVAL OF ACCOUNTING INSTRUCTOR TO BE ENROLLED IN THE ACCOUNTING INTERNSHIP.  

 THE STUDENT MUST BE EMPLOYED IN AN ACCOUNTING JOB TO BE ADMITTED TO THE INTERNSHIP PROGRAM.  

 THE STUDENT MUST HAVE COMPLETED AT LEAST TWO ACCOUNTING COURSES  AND SHOULD BE OF SOPHOMORE STANDING TO ENROLL IN THE ACCOUNTING INTERNSHIP PROGRAM.    

THE STUDENT WILL  COMPLETE ALL FORMS AND PAPERS REQUIRED FOR ADMISSION TO THE ACCOUNTING INTERNSHIP PROGRAM AT  TRINITY VALLEY COMMUNITY COLLEGE.   STUDENT MUST BE EVALUATED BY EMPLOYER AND RECEIVE A SATISFACTORY GRADE.  STUDENT WILL ALSO BE EVALUATED BY THE ACCOUNTING INSTRUCTOR.  

READ “HOW TO WIN FRIENDS AND INFLUENCE PEOPLE” 

Summarize the book in a typed report  

READ “WHO MOVED MY CHEESE”

Summarize the book in a typed report 

Watch the Video “Managing Change Dr. Ben Bissell”

Summarize in outline form what the most important topics discussed in the video are (have this completed in typed form) 

Watch the Video “ The Art of Listening”

Summarize in outline form what the most important topics discussed in the video are (have this completed in typed form) 

COMPLETE A DETAILED  TYPED RESUME THAT INCLUDES THE FOLLOWING: 

WHAT ARE YOUR RESPONSIBILITIES

WHO ARE YOUR CUSTOMERS?

WHAT ARE THE BENEFITS OF YOUR JOB OR WHAT MAKES YOUR JOB REWARDING?

(Salary, +commission, discounts on merchandise, food, etc., working as a team, working with customers, exercise of creativity) 

COMPLETE ONE SPECIAL ACCOUNTING PROJECT, TO BE ASSIGNED BY YOUR INSTRUCTOR.  

COMPLETE A TYPED DETAILED DESCRIPTION OF WHAT YOUR JOB ACTIVITIES ARE  AND HOW THEY ARE RELATED TO ACCOUNTING AND WHAT ARE SOME OF THE CHECKS,  BALANCES AND PROCEDURES THAT  YOU USE EVERYDAY IN YOUR JOB TO INSURE ACCURACY AND PROMOTE HONESTY FROM YOUR EMPLOYEES.  

Other Homework problems will be assigned on a weekly basis according to the Accounting chapter that is being studied during that week. 

COURSE OUTLINE/SCHEDULE

COURSE OBJECTIVES 

To help enable the student decide on a career 

To help the student increase his/her potential for placement, advancement and pay 

To emphasize to the student the importance of assuming responsibility 

To provide the students with job-matching educational skills 

To provide the student direct contact with career professionals 

To help the student increase his/her problem solving skills 

RESOURCES: ACTIVITIES, TIME, AND SCHEDULES 

Defines relevant goal related activities. 

Ranks activities in order of importance. 

Allocates time to activities. 

Prepares and follows schedules. 

Construct a timeline chart. 

Describe the concept of a critical path. 

Estimate the time to complete a project by task. 

Use computer software to plan a project. 

RESOURCES: MONEY, BUDGETS, AND COSTS 

Uses or prepares a budget. 

Makes forecasts on budget matters. 

Maintains bookkeeping type records. 

Makes adjustments in a budget to meet objectives. 

Estimate costs. 

Prepare a budget using a spreadsheet. 

Do a cost analysis. 

RESOURCES: MATERIAL AND FACILITIES 

Acquires and stores materials. 

Allocates space for materials. 

Uses materials and space. 

Lay out a workspace document with narrative and graphics using software. 

Describe First In First Out (FIFO) and Just In Time (JIT) inventory systems. 

Design a request for proposal (RFP) process. 

RESOURCES: HUMAN RESOURCES 

Assesses worker skills and distributes work. 

Evaluates worker performance. 

Provides feedback to improve worker performance. 

Develops a staffing plan. 

Write a job description. 

Conduct a performance evaluation. 

INTERPERSONAL: WORKS WITH OTHERS 

Participates as member of a team. 

Collaborate with group members to solve a problem.

 Develop strategies for accomplishing team objectives. 

Work through a group conflict situation. 

Teaches others new skills. 

Identify training needs. 

Work to satisfy customer's expectations. 

Respond to a telephone complaint about a product. 

Communicate thoughts, feelings, ideas to justify a position. 

Apply team building concepts to develop a work group. 

Employ an appropriate leadership style for different situations. 

Employ work delegation techniques. 

Negotiate an agreement involving an exchange of resources. 

Develop an action plan for negotiating. 

Resolve a conflict involving divergent interests. 

Demonstrate an ability to work with persons from diverse backgrounds. 

INFORMATION: ACQUISITION AND USE 

Acquires and evaluates information. 

Develop a form to collect data. 

Research and collect data from a defined source. 

Develop validation instrument for determining accuracy of data collected. 

Evaluate relevancy and accuracy of data. 

Organizes data for storage. 

Processes data for input into a data storage system. 

Develop a filing system for storing information. 

Develop an inventory record-keeping system. 

Develop a bill processing system. 

Analyzes information to communicate results to others. 

Produce a report using graphics to interpret and illustrate narrative information. 

Make an oral presentation using several different media to present information. 

Use computers to process information. 

Use a computer spreadsheet to develop a budget. 

Use a computer graphics program to prepare overheads for a report. 

Use on-line computer data bases to research a report. 

SYSTEMS: SOCIAL, ORGANIZATIONAL, TECHNOLOGICAL 

Describe how a defined system work and operate. 

Draw and interpret an organizational chart. 

Develop a chart that illustrates an understanding of stocks and flows. 

Draw a diagram that illustrates a technological problem definition and problem solving process. 

Monitor and correct performance. 

Distinguish trends. 

Predict impact of actions on system operations. 

Diagnose deviations in the function of a system/organization. 

Generate a statistical process control (SPC) chart. 

Develop a forecasting model. 

Develop a monitoring process. 

Suggest modifications to existing systems. 

Develop new or alternative systems to improve system performance. 

Draw a diagram showing an improved organization system based on Demming's 14 points. 

Choose a situation needing improvement and plan/implement an improvement process. 

TECHNOLOGY: SELECT, APPLY, AND MAINTAIN 

Select equipment to meet defined specifications and needs. 

Setup/assemble equipment from instructions. 

Read and follow instructions for troubleshooting and repairing equipment. 

Read and follow maintenance instructions for keeping equipment in good working

order.