Course
Description: While developing English language skills,
this second course in an accounting sequence expands
students' knowledge about the purposes and principles of accounting and the
practice of fundamental accounting procedures. Students analyze and apply
accounting concepts and procedures to real-life situations drawn from various
types of businesses.
Objectives: By the end of the course, students
should be able:
Instructional
Methods: Classes include reading for
detail, oral discussion and presentations, instructor and student explanations
of accounting principles and procedures, and problem solving through analytical and procedural exercises within
real-world business and financial contexts.
Grading: The final grade is
based on the following:
|
Class
Participation |
25% |
|
Assignments |
50% |
|
Exams |
25% |
|
Total |
100% |
The grading scale is: A=90-100%, B+=85-89%, B=80-84%, C+=75-79%, C=70-74%, D=65-69%, F=60-64%
|
Week |
Topics |
Assignments and Tests |
|
1-4 |
Accounting
information systems: Oral
practice: explaining what the cash
receipts journal in exhibit 8.7 communicates. Close
reading of selected text. Oral
practice: describing one of the
problems in the assigned exercises and demonstrate to the class the
steps you used to solve it. Discussion
of responses to ethics challenge. |
Questions:
QS 8-1 to 8-6. Answer questions in one
or more complete sentences. Exercises: 8-1 to 8-14, as assigned. Problem
Set: as assigned. Explain
in writing one of the problems in 8-1 to 8-14 and the steps used to solve
it. Ethics
challenge, p. 348: Write a paragraph
or more in response |
|
5-8 |
Cash
and internal control: internal
control, control of cash, and banking activities as controls. Oral
practice: explaining what the bank
statements in various chapter exhibits communicate. Oral
practice: explaining Reebok's balance
sheet analysis based on responses to question 10. Oral
practice: describing one of the problems in the assigned exercises and demonstrate
to the class the steps used to solve it.
Oral
practice: discussion of Ethics
Challenge, p. 391. Close
reading of selected text. Review
for exam, week 8. |
Questions:
QS 9-1 to 9-7. Exercises: as assigned Problem
Set: as assigned Explain
in writing one of the problems in 8-1 to 8-14 and the steps used to solve
it. Write
a paragraph or more in response to question 10 on p. 381. Be specific. Bi-monthly
exam, week 8. |
|
9-12 |
Receivables
and short-term investments. Oral
practice: explaining the graph in
exhibit 10.1 and the chart in "'Did You Know?" p. 412. Oral
practice: responses to question 11,
12, or 13. Oral
practice: describing one of the
problems in the assigned exercises and its solution. Oral
practice: discussion of
"Communicating in Practice" and "Entrepreneurial
Decision" problems on pp. 434-435.
Close
reading of selected text. |
Questions: QS 10-1 to 10-8. Exercises
and Problem Set: as assigned. Write
a paragraph or more in response to question 11, 12, or 13, p. 423. Be specific. Explain
one of the problems in one of the assigned exercises and describe the steps
used to solve it. Write
a paragraph or more in response to the "Entrepreneurial Decision"
case on pp. 434-435 |
|
13-16 |
Plant
assists, natural resources, and intangibles:
cost of plant assets, depreciation, revenue and capital expenditures,
and disposals; etc. Oral
practice: explaining exhibit 11.1 and
11.17 graphs and what exhibit accounting statements communicate. Oral
practice: responding to quick study
questions 11-1 to 11-12. Oral
practice: describing one of the
problems in the assigned exercises with demonstrating the steps used to solve it. Oral
practice: discussion of "Ethics
Challenge" and "Entrepreneurial Decision" problems, pp. 477
and 478. Close
reading of selected text. Review
for exam, week 16. |
Question: QS 11-1 to 11-12. Exercises
and Problem Set: as assigned In
a paragraph or more, explain one of the problems in one of the assigned
exercises and describe the steps you used to solve it. Write
a paragraph or more in response to either the "Ethics Challenge" or
the "Entrepreneurial Decision" problem on pp. 477 and 478 Bi-monthly
exam, week 16. |
|
17-20 |
Current
liabilities: liabilities
characteristics, known/determinable liabilities, estimated liabilities,
contingent liabilities, and long-term liabilities. Oral
practice: describing one of the
problems in the assigned exercises and the steps used to solve it. Oral
practice: discussion of "Ethics
Challenge" and "Entrepreneurial Decision" problems on pp. 523
and 524. Close
reading of selected text. |
Question: QS 12-1 to 12-11. Exercises
and Problem Set: as assigned. In
a paragraph or more, explain one of the problems in one of the assigned
exercises and describe the steps you used to solve it. Write
a paragraph or more in response to either the "Ethics Challenge" or
the "Entrepreneurial Decision" problem on pp. 523 and 524 |
|
21-24 |
Partnerships: forms of business organization and
partnership form; basic partnership accounting, admission and withdrawal of
partners, partnership liquidation. Oral
practice: describing one of the
problems in the assigned exercises and demonstrating the steps used to
solve it. Oral
practice: discussion of "Ethics
Challenge" and "Entrepreneurial Decision" problems on pp. 523
and 525. Close
reading of selected text. Review
for exam., week 24. |
Vocabulary
log Questions:
QS 13-1 to 13-7 Exercises: as assigned. Problem
Set: as assigned In
a paragraph or more, explain one of the problems in one of the assigned
exercises and describe the steps you used to solve it. Write
a paragraph or more in response to either the "Ethics Challenge" or
the "Entrepreneurial Decision" problem on pp. 523 and 525 Bi-monthly
exam, week 24. |
rev. 2/04, 2/07, 5/08