ACCT-2301 Principles of Accounting I - Financial

Raul Tapia

Credit Summer 2024

Section(s)

ACCT-2301-002 (79477)
LEC MTuWTh 10:10am - 12:10pm DIL DLS DIL

LAB TuWTh 12:10pm - 1:05pm DIL DLS DIL

Course Requirements

COURSE DESCRIPTION: 

This course is an introduction to financial accounting concepts and the communication of financial information to external users. It examines the accounting process, transaction analysis, asset and equity accounting, financial statement preparation and analysis, and related topics.

Transferability of workforce courses varies. Students interested in transferring courses to another college should speak with their Area of Study (AoS) advisor, Department Chair, and/or Program Director.

COMMON COURSE LEARNING OBJECTIVES/OUTCOMES:

The learning objectives/outcomes will be evaluated through the department designed mid-term and end of semester assessments. More information about the assessments is available under Course Policies.  The core concepts are:

  1. Prepare a multiple-step income statement, classified balance sheet and statement of earnings.
  2. Analyze and record the effects of common business transactions.
  3. Prepare adjusting entries.
  4. Describe the role of closing entries.
  5. Apply elements of the conceptual framework to accounting issues.
  6. Explain the components of the statement of cash flows.
  7. Understand the relationship between financial components.

 

Readings

 

 

Chapter

Session Day(s)

Pre-Class

Pre-Class Due Date

Homework

Homework Due Date

Chapter 1: Accounting and the Business Environment

1, 2

S-F:1-8

E-F:1-18

E-F:1-19

 

 

P-F:1-41A

P-F:1-43A

 

Chapter 2: Recording Business Transactions

3, 4

S-F:2-1

S-F:2-2

S-F:2-3

E-F:2-10

 

P-F:2-30A

P-F:2-34A

 

Chapter 3: The Adjusting Process

5, 6, 7

S-F:3-1

S-F:3-2

S-F:3-4

 

P-F:3-33A

P-F:3-35A

 

Chapter 4: Completing the Accounting Cycle

8, 9

S-F:4-1

S-F:4-2

S-F:4-3

S-F:4-5

 

E-F:4-22

P-F:4-29A

Comprehensive Problem

 

Exam 1: Chapters 1-4 (Note: Midterm Assessment may be given with exam 1.  Instructor Choice)

10

 

 

 

 

Chapter 5: Merchandising Operations

11, 12

S-F:5-1

E-F: 5-20

 

 

E-F:5-28

P-F:5-36A

 

 

Chapter 6: Merchandise Inventory

13, 14

E-F: 6-14

 

E-F:6-20

 

Chapter 7: Internal Control and Cash

15

E-F: 7-12

E-F: 7-13

 

P-F:7-28A

P-F:7-29A

 

Chapter 8: Receivables

16, 17

E-F: 8-14

Video

 

P-F:8-30A

P-F:8-32A

P-F:8-34A

 

Chapter 9: Plant Assets, Natural Resources, and Intangibles

18, 19

S-F: 9-1

Video

Video

 

P-F:9-31A

P-F:9-32A

P-F:9-34A

 

Exam 2: Chapters 5, 6, 7, 8, and 9 and Midterm Assessment Exam (Note: Midterm Assessment may be given with exam 1.  Instructor Choice)

20

 

 

 

 

Course Subjects

This course will deal with financial accounting and the creation of financial statements. 

Student Learning Outcomes/Learning Objectives

COMMON COURSE LEARNING OBJECTIVES/OUTCOMES:

The learning objectives/outcomes will be evaluated through the department designed mid-term and end of semester assessments. More information about the assessments is available under Course Policies.  The core concepts are:

  1. Prepare a multiple-step income statement, classified balance sheet and statement of earnings.
  2. Analyze and record the effects of common business transactions.
  3. Prepare adjusting entries.
  4. Describe the role of closing entries.
  5. Apply elements of the conceptual framework to accounting issues.
  6. Explain the components of the statement of cash flows.
  7. Understand the relationship between financial components.

Office Hours

M T W Th 2:00 PM - 3:00 PM Online

NOTE

Office Hours

M T W Th 2:00 PM - 3:00 PM Online

NOTE

Published: 04/01/2024 10:23:09