Southwest Texas Junior College 2401 Garner Field Road Uvalde, Texas 78801

Bea Garcia Wagner Office Complex-Uvalde Campus (830) 591-7331 Voice (830) 591-4156 Fax beagarcia@swtjc.edu or bgarcia_swtjc@yahoo.com

ACCT2401

FALL 2009

Principles of Accounting I - Financial

Course Description

ACCT 2401 - Principles of Accounting I - Financial - 4 sem. hrs. (3-3-0) 5203015104
Accounting concepts and their application in transaction analysis and financial statement preparation; analysis of financial statements; and asset and equity accounting in proprietorships, partnerships, and corporations. Introduction to cost behavior, budgeting, responsibility accounting, cost control, and product costing. Emphasis on financial accounting. Accounting procedures and practices; the theory of accounts; the accounting cycle; preparation of classified financial statements; internal control; notes and interest; inventory systems; depreciation; payroll; accounting systems and concepts.  Three lecture and three laboratory hours per week. TSI Requirement: M1; R1; W0.  Prerequisite: None  Lab Fee: $24

Textbook and Readings

Horngren, Harrison, Oliver. ACCT 2401 ACCOUNTING - Principles of Accounting – Financial. (Taken form Accounting, 8^th edition). Pearson/Prentice Hall, 2009.
ISBN# 1-0558341055.

Technology Requirements

This class is offered via the Internet and student must have a basic understanding of computers, know how to use the Internet and email. The student must have access to Internet Explorer 5 or higher browser and Microsoft Word and Excel.

Learning Outcomes

The following learning outcomes will be addressed in this course:

1. To provide for all business administration students a broad-based exposure to accounting theory and technique.
2. To provide for the student desiring to pursue a major course of study in the field of accounting a systematic and comprehensive introduction to accounting.

Student Objectives

In order to complete this course, the student must be able to:

1. Describe the purpose of accounting and the work of accountants.
2. Define, explain, identify, and apply GAAP.
3. Distinguish between various forms of business ownership and equity accounting
4. Understand the difference between cash and accrual accounting.
5. Define, explain, and identify accounting cycle steps.
6. Prepare and explain the recording process for daily transactions and related effects on the accounting equation
7. Prepare and explain the purpose of adjusting entries.
8. Prepare and explain the purpose of closing entries
9. Construct/analyze/interpret basic financial statements (service and merchandise firm) including the basic cash flow statement.
10. Identify basic principles of internal control.
11. Prepare a simple bank reconciliation to include EFT transactions and related entries.
12. Demonstrate knowledge and application of receivable accounting and reporting.
13. Demonstrate knowledge and application of plant asset accounting and reporting.
14. Demonstrate knowledge and application of payroll accounting.
15. Demonstrate knowledge and application of current asset accounting and reporting.
16. Demonstrate knowledge and application of current liability accounting and reporting.
17. Demonstrate knowledge and application of inventory (cost flows; periodic; perpetual) accounting and reporting.
18. Demonstrate knowledge and application of subsidiary ledgers and special journals.

Student Contributions

In order to be successful in this Internet class, student should be able to spend 4 hours a day on the course, which includes reading assignments, videos, and quizzes and anything else assigned by instructor

It is the student's responsibility to drop a course by the appropriate deadline. If a student fails to drop the course, even if the student does not attend the class, he/she will receive a grade of "F" in the course.

Course Evaluation

Grade will be determined using a point system.

Points will be accumulated for each of the following; examinations, laboratory assignments, quizzes, group problem, attendance and participation.

GRADING CRITERIA (Subject to change)

10 Chapter problems @40 points each (drop 1)……….. 360
10 Attn/Part Assignments @10 pts. (drop 1)…………… 90
Group problem…………………………………………….. 100
4 exams @100 points each ……………………………… 400
Total Points 950

855 points – 950 = A
760 – 854 = B
665 – 759 = C
570 – 664 = D
=< 569 = F

YOU WILL HAVE THE OPPORTUNITY TO EARN EXTRA CREDIT POINTS.

EXAMINATIONS
Examinations will be based on chapter readings, lectures, homework assignments, and laboratory assignments. Accounting is a comprehensive subject. Therefore, each exam is considered comprehensive.

MID-TERM AND FINAL EXAM MUST BE TAKEN IN PERSON. IF YOU ARE NOT ABLE TO COME TO ONE OF THE CAMPUSES TO TAKE EXAM, ARRANGEMENT PRIOR TO EXAM MUST BE ARRANGED WITH INSTRUCTOR FOR ANOTHER APPROVED SITE AND PROCTOR. Dates of Mid-term and Final will be posted with plenty of time. There will be several days to schedule exam.
.

Course Policies

Plagiarism, the representation of someone else’s work as your own, or cheating on an examination or lab work will not be tolerated. Either case will result in a grade of zero on the work or examination in question. The second incident will be reported to the Dean of Instructional Services for disciplinary action.

Americans with Disabilities Act (ADA) Statement

The college will make reasonable accommodations for students with documented disabilities. These students must contact the individual named below in the Counseling Department before classroom accommodations can be provided.
	Crystal City	Cruz Mata (830/374-2828)
	Del Rio	Marilyn Casson (830/775-4102)
	Eagle Pass	Brenda Hoffman (830/758-4102)
	Uvalde	Melissa Deleon (830/591-7352)

Course Schedule

Class is by internet

Office Hours

By arrangement. Call 830-591-7331

Revised: 07/22/09