Home Page PCC > Academics > Areas of Study > Business & Technology > Business > Accounting > Syllabi > ACC 101

COURSE SYLLABUS

1. TITLE OF COURSE: Fundamentals of Accounting I
  PREFIX/NUMBER: ACC 101 CREDIT HOURS: 3
2. PREREQUISITE:

Business/Financial Math highly recommended.

COREQ ACC 103 lab required to be taken same semester as ACC 101.

3. RESOURCES NEEDED:
  TEXT:

College Accounting:  A Practical Approach, 9th Edition, by Jeffrey Slater, Chapters 1-12, Prentice Hall Publishing Co.

  SUPPLIES:

Note paper, pencils, pens, and a calculator.

4. COURSE DESCRIPTION: This course presents the basic elements and concepts of accounting with emphasis on the procedures used for maintaining journals, ledgers, and other related records, and for the completion of end-of-period reports for small service and merchandising businesses.
5. COURSE GOAL: To demonstrate knowledge of the full accounting cycle for single-proprietorship service and merchandising businesses using basic double-entry accounting principles.
6. COURSE OBJECTIVES:
  By the end of the course, students will
  (A) To classify and record transactions involving increases and decreases in assets, liabilities, owner's equity, revenue, and expense accounts in a sole-proprietorship service and/or merchandise business.
  (B) To journalize entries in special and general journals and to post the entries to a general ledger and to subsidiary ledgers.
  (C) To prepare adjusting, closing, and reversing entries for service enterprises and merchandising businesses at the end of an accounting cycle.
  (D) To construct routine reports and financial statements; such as, trial balances, income statements, statements of owner's equity, balance sheets, work sheets, bank reconciliations, petty cash records, and payroll records.
  (E) To deal with cash, modified-cash, and accrual based accounting systems.
  (F) To demonstrate an understanding of the accounting cycle by using the accrual method of accounting to complete mini practice sets for sole-proprietorship service and merchandising businesses.
  (G) To demonstrate the essential traits of a bookkeeper; such as, accuracy, neatness, and thoroughness.
  (H) To demonstrate an understanding of various accounting methods used to value inventory and to record depreciation.
7. EVALUATION PROCEDURES:
  Homework assignments should be selected from the end-of-chapter activities. (Select from A exercises/problems during fall semesters; B exercises/problems during spring semesters.) Teacher developed materials may also be used.  Homework assignments will be randomly selected for grading.
  Points given for randomly selected homework assignments will constitute 10% of the final grade.
  A minimum of six objective and problem tests over text materials constitutes 75% of the final grade.
  Completion of the mini practice sets and objective analysis tests over the practice sets constitutes 15% of the final grade.  (See the following pages for suggested points for grading.)
  The practice sets and occasional daily homework assignments are checked for form, neatness, and accuracy.
    Grading Scale
Raw Score Range 		Letter Grade
    90 to 100 A
    80 to 89 B
    70 to 79 C
    60 to 69 D
    0 to 59 F
Special Remarks:
1. Attendance:  College policy states that students may be dropped from enrollment when absent 20% of the scheduled class meetings.  If enrolled from the beginning of the term, 18 hours will usually constitute 20% of a four-credit semester course.  Reinstatement procedures are described in the PCC catalog.
2. Tardy Policy:  A student who is late three times (enters classroom after the instructor has taken roll) will be charged with one full absence.
3. Missed Exams/Late Work:  Any student who misses a MAJOR TEST will be allowed to make up that number of points equal to the one major test missed during an unexcused absence.  If prior arrangements are made or extenuating circumstances exist, make up of quizzes and tests may be allowed.  Late homework papers will not be accepted for points, but the instructor will check papers for accuracy if the student makes this request.  If practice set work is turned in late, students will lose five (5) points from the total possible for each day it is late.
4. Students having previous accounting background may test out of Fundamentals of Accounting I during the first week of classes by scoring 70% on an objective and problem solving test.  The test is available from the Department Chairperson.
  Valdez Realty Mini Practice Set
  Corner Dress Shop Mini Practice Set
  Pete's Market Mini Practice Set
8. COURSE OUTLINE
9. METHODS OF INSTRUCTION:
  To be successful in this course, students are expected to participate in discussions, readings, in-class writing, and peer review activities. The instructor may assign point values to such activities.
10. ACADEMIC INTEGRITY:
  The very nature of higher education requires that students adhere to accepted standards of academic integrity. Therefore, Pueblo Community College has adopted a policy of academic conduct as described in the Student Handbook. Violation of academic integrity may be defined to include the following: cheating, plagiarism, falsification and fabrication, abuse of academic materials, complicity in academic dishonesty, and personal misrepresentation. It is the student’s responsibility to be aware of the behaviors that constitute academic dishonesty. Sanctions for violating the standards of academic integrity may include warning, probation, suspension, and/or failure of the course or assignment at the discretion of the instructor.
11. ADA NOTICE:
 

Students who have a documented disability may be eligible to receive accommodations for this class. Please contact the Disability Resources Center at 549-3446 for further information.