ACNT 1303 INTRODUCTION TO ACCOUNTING I

(FOR NON ACCOUNTING MAJORS)

   Description | Prerequisites | Textbook/Materials | Methods | Grade | Content | Competencies | Scans Competencies | Attendance | Academic Dishonesty | ADA | College Policies | Departmental Policies/Procedures | ACT Home | ACT Syllabi

I. CATALOG DESCRIPTION

Introduction to Accounting I is a study of analyzing, classifying, and recording business transactions in a manual and computerized environment. Emphasis is on understanding the complete accounting cycle for service and merchandising business and preparing financial statements, bank reconciliations, and payroll.

II. REQUIRED BACKGROUND

Pre-requisites—None;

Business Math (POFT 1321) Recommended

III. TEXTS AND OTHER REFERENCE MATERIALS

Text: COLLEGE ACCOUNTING A PRACTICAL APPROACH CHAPTERS ONE THROUGH EIGHT WITH STUDY GUIDE AND WORKING PAPERS AND GETTING STARTED WITH QUICK BOOKS PRO 2003 By Jeffrey Slater, Ninth Edition, Prentice Hall, 2005 (ISBN 0-13-147503-7)

Supplies: One 3 1/2-inch IBM formatted diskette, six-inch ruler, and pocket Display Calculator

IV. METHODS OF INSTRUCTION

Instruction will consist of:

A. Lecture
B. Class Discussion
C. Audiovisual Presentations
D. Markerboard Presentations
E. Computer Presentations
F. Handouts

VI. LEARNING OUTCOMES AND PERFORMANCE OBJECTIVES

Learning Outcome #1: Students will be able to complete accounting cycle for a service business.

Performance Objectives: Students will
A. Define and list functions of accounting
B Record transactions in the basic accounting equation
C. Journalize and post transactions according to rules of debit and credit
D. Prepare worksheet for service business
E. Prepare income statement, statement of owner's equity, balance sheet, and post-closing trial balance
F. Journalize and post adjusting and closing entries
G. Reinforce steps in accounting cycle through the completion of a mini practice set

Method of Measurement: Students will demonstrate the achievement of the learning outcome and performance objectives by answering discussion questions, completing exercises and problems, completing computer assignments, completing a mini practice set, and a written examination within a minimum of 70 percent accuracy.

Learning Outcome #2: Students will complete procedures for control of cash, bank reconciliation of bank statements, petty cash and employee and employer payroll requirements.

Performance Objectives: Students will

A. Reconcile bank statements
B. Establish and replenish petty cash
C. Prepare auxiliary petty cash record
D. Calculate deductions for social security, medicare, and federal income tax withholdings
E. Prepare payroll register
F. Journalize and post transactions to record payroll entry and payment of payroll
G. Calculate and journalize employer's payroll tax expense
H. Journalize payment of employer's payroll tax obligations
I. Prepare Employer's Quarterly Federal Tax Return and Employer's Annual Federal Unemployment Tax Return
J. Reinforce steps in the payroll cycle through completion of a mini practice set

Method of Measurement: Students will demonstrate the achievement of the learning outcome and performance objectives by answering discussion questions, completing exercises and problems, completing computer assignments, completing a mini practice set, and a written examination within a minimum of 70 percent accuracy.

SCANS Competencies

The following SCANS Competencies are included in this course:

The following SCANS Foundations are included in this course:

VII.  COURSE GRADE

1. College Requirements:

A student who must be absent from a final examination should petition that instructor for permission to postpone the examination. A student absent without permission from a final examination is graded “F.” Postponed examinations result in a grade of “I.” The final exam must be taken within 120 calendar days from the end of the semester or the grade automatically becomes an “F.” (San Antonio College Bulletin, Faculty Handbook - January 1995)

2. Departmental Requirements:

   1. Grading standards:

   Homework and Computer Assignments	25 Percent
   Mini Practice Sets	15 Percent
   Tests	45 Percent
   Final Examination	15 Percent

   2. Basis for assignment of grade:

   a. Homework and Computer Assignments constitute 25 percent of the final grade. All assignments are due at beginning of class period. All assignments are graded for accuracy and completion. Late work will be penalized. All assignments are due no later than date of test on that assignment.

   b. Mini Practice Sets constitute 15 percent of final grade. Mini Prac- tice Sets Chapter Five and Chapter Eight are graded for accuracy and completeness. Mini Practice Sets Chapter Five and Chapter Eight will not be accepted late.

   c. A minimum of three tests constitutes 45 percent of final grade. Tests consist of written questions over the concepts and principles covered by the chapters and problem solving that demonstrate the achievement of learning outcomes and performance objectives. Tests are given under controlled test conditions. Textbook, notes, or other help cannot be used. Late tests will be penalized.

   d. The final examination constitutes 15 percent of final grade. Final Examination consists of written questions over the concepts and principles covered by the chapters and problem solving that demonstrate the achievement of learning outcomes and performance objectives. Textbook, notes, or other help cannot be used.

   C. Instructor Requirements: Varies by Course