Michael G. Booth

Finance/Accounting

Fall 17

Home`

151A Introduction to Accounting

HOMEWORK/ASSESSMENTS:


Homework Problems:

Accounting is a “hands on” subject. You MUST complete the homework to thoroughly understand the concepts and procedures. Forms to complete these exercises and problems are provided in your Study Guide and Working Papers book. You will be required to complete the exercises/problems using McGraw-Hill Homework Manager ™ (Note: connectivity is imbedded with course modules in Canvas Learning management system) which is an online interactive program that grades the homework and gives immediate feedback. These homework assignments represent the minimum requirement, completing the homework is critical for success in completing the mini-projects and assessments. The tentative schedule, listed above, provides a guideline when to complete the various assignments, actual completion dates will be updated in class.

 Mini-Practice Sets

These are located in your text, at the end of Chapters 6 and 13. Working papers are included in your workbooks and Excel template is available for each mini-practice. Practice Set 1 Works with a service company for one month; Mini-Practice Set 2 works with a merchandising company for one month. The full accounting cycle is completed for each set (analysis, recording, adjusting, reporting). NEATNESS Counts. Staple the working papers in the same order they are present in the workbook. A stapler is NOT provided by the instructor. Excel Templates are provided on Canvas Learning Systems.

MiniPractice 1

- Journalize, post, adjust, and correct using double entry accounting system for a service business and create income statement, owner’s equity statement, balance sheet and close accounting period.

MiniPractice 2

- Complete the accounting cycle; journalize, post (compound/single transactions), adjust, and correct using specialized journals, journal, subsidiary ledger, ledger; including payroll, taxes to complete classified financial statements.

- Prepare and make reversing entries and create post-closing trial balance

 

Assessments:


Four Assessments will be given, including the Final assessment, Assessments will consist mostly of multiple-choice questions but may include matching, terminology, problem solving, computations, journalizing, creation of statements, etc. See the Tentative schedule for exam dates. The exams will be separated into chapters. Assessments are linked to Student Learning Outcomes. No make-ups will be given for late exams. (Note: Exams will be given using Scranton Form 882-E, and will be in-class)

Assessment 1

-Use accounting equation, create T accounts, and prepare trial balance, income statement, owner’s equity statement and balance sheet for a sole proprietorship service business

Assessment 2

-Use double entry accounting system to journalize, post, make corrections, adjustments, and create: income statement, owner’s equity statement, balance sheet and close for a sole proprietorship service business

Assessment 3

- Create transactions using sales journal, purchase journal, cash receipts journal, and subsidiary ledgers to create financial statements for a merchandising business and close

Assessment 4

- Understand/apply major federal/state laws related to payroll, payroll taxes, and make corrections, adjustments, reversing entries to complete classified financial statements in addition to post closing trial balance for merchandise business

Final Assessment:


Note: The final exam will only cover Chapters 10-13. You will have 2 1/2 hrs to complete the exam. Exam will be worth 50 points.

Group Work and Quizzes

Other group work, supplementary assignments, and short, quizzes may be given. These will be on BlackBoard Learning System. No make up is available. Full participation is essential.


Tentative Schedule:

Please note: This is a summary of the tentative schedule and is subject to change during the semester. Changes will be announced and posted on Canvas.

Assignment due dates will be provided on Cabrillo Canvas, and updated on course website.


Please note – This is a summary of the tentative schedule. In the College Accounting text Ex=Exercise ,Pr=Problem, and CT= Critical Thinking. These are located at the end of each chapter and are the match with the assignment in McGrawHill CONNECT. In addition, there may be research and/or discussions topics, quizzes, these will be assigned during class and updated on the Instructor Website and Blackboard Learning Systems.

 

Week

Start Date

Topic

Assignment

Assignment Due Date

1

 

Introduction Chap 1


 


 

Chapter 1/2

Ex 2-1 to 2-6, Ex 2-7 to 2-10

 

2

 

Chapter 2

Pr 2.1A, 2.3A, 2.4A,

 


 

Chapter 3

Ex 3-1 to 3-8

 

3

 

Chapter 3

Pr 3-1A, 3-2A, 3-3A,3-4A, 3-5A

 


 

Chapter 3

CT 3.2 Study for Assessment #1

 

4

 

Chapter 3/Review

CT 3.2 Due. Start Reading Chapter 4

 


 

Assessment #1 Chap 1-3

5

 

Chapter 4

Ex 4-1 to 4-5

 

 

 


 

Chapter 4

 

Pr 4-2A, 4-3A

 

 

6

 

Chapter 5

Ex 5-1 to 5-4,

 


 

Chapter 5

PR 5.1A, Pr 5.4A

 

7

 

Chapter 6

Ex 6-1 to 6-7; Mini-Practice 1

 


 

Chapter 6

Pr 6-1A, 6-2A, 6-3A, Review Problems in Class

Min-iPractice 1

 

 

8

 

Assessment #2 Chap 4-6

 


 

Chapter 7

Ex 7-1 to 7-10

Mini-Practice 1

 

 

 

9

 

Chapter 7

Pr 7-3A, 7-4A

 


 

Chapter 8

Ex 8-1 to 8-8

10

 

Chapter 8

Pr 8-1A, 8-4A

 


 

Chapter 9 (Cash Receipts)

Ex 9-1, Pr 9-1A, Pr9-3A

 

11

 

Chapter 9 (Cash Payments)

Ex 9-2A, Pr 9-2A, Pr 9-4A

Ex 9-3A - 9-7A

 


 

Review Problems in Class. Review Chapter 7, 8 & 9

 

12

 

Assessment #3 Chapters 7-9

Start reading Chap 10

 


 

Chapter 10

Ex 10-1 to 10-7

13

 

Chapter 10/ Chapt 11

Pr 10-1A, 10-2A

 


 

Chap 11

Ex 11-1 to 11-5, 11-7, 11-8

 

14

 

Chapter 11

PR 11-1A, Pr 11-2A

 


 

Chapter 12

Ex 12-1 to 12-7, Mini-Practice #2

 

15

 

Chapter 12 & 13

Pr 12-1A, 12-2A, Mini-Practice #2

 


 

Chapter 13

,Ex 13-3 to 13-6, Pr 13-1A,

Mini-Practice #2

 

16

 

 

FINAL Assessment: Note; See Calendar Tab for Final Schedule Date and Time

Min--Practice #2 is Due

 

 

Instructor Welcome

Instructor Contact

Accounting 151A

Accounting 151A (Homework/Assessment)

Accounting 151A (Grading)

Accounting 1A

Accounting 1A (Homework/Assessment)

Accounting 1A (Grading)

Accounting 1A Corporations Final Project

Accounting 1B

Accounting 1B (Homework/Assessment)

Accounting 1B (Grading)

Calendar

Additional Information

Related Links

 

 

 

Today's Financial Accounting Tools.....

             For Socially Responsible and
                       Sustainable life tomorrow......