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

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

ACNT 1403

Introduction to Accounting I (3-3-4)

Course Description

A study of analyzing, classifying, and recording business transactions in a manual and computerized environment. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations, and payroll. TSI Requirement: M1; R2; W1   Prerequisite: None  Lab Fee: $24

Textbook and Readings

Slater, Jeffery. College Accounting A Practical Approach, Eleventh Edition with MAL. Prentice Hall, 2010. Ch. 1 – 12. ISBN# 013606566X.

Learning Outcomes

The following learning outcomes will be addressed in this course:

1. To offer students the opportunity to develop a strong background for those planning more advanced studies in accounting.
2. To prepare those students entering the job market in accounting with a working knowledge of accounting terms and accounting theories.
3. To give those students beginning other careers, such as clerical, secretarial, technical, sales and management positions a practical background in accounting.

Student Objectives

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

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

1. define accounting terms
2. recognize the accounting equation
3. identify assets, liabilities, and equities
4. be ware of the accounting cycle
5. recognize the balance sheet
6. identify revenues, expenses and withdrawals
7. work with the expanded accounting equation
8. recognize the main elements of financial statements
9. work with the T-Account
10. utilize the T-Account entries for accounting in the accounting equation
11. balance an account
12. analyze business transactions
13. apply transaction analysis
14. record business transactions (debits and credits)
15. record business transactions into a journal
16. work with the general ledger
17. posting to the ledger
18. recognize mistakes
19. make corrections before and after posting
20. correct an entry posted to the wrong account
21. use transaction analysis on the trial balance
22. prepare worksheets
23. prepare the trial balance section of the worksheet
24. prepare the adjusted the trial balance section of the worksheet
25. prepare financial statements from worksheets
26. prepare income statement
27. prepare statement of owner’s equity
28. prepare balance sheet
29. journalize and post closing entries
30. prepare a post-closing trail balance
31. become familiar with bank procedures
32. be aware of checking accounts and bank reconciliations
33. recognize trends in banking
34. identify petty cash
35. be aware of payroll accounting
36. become familiar with payroll withholding taxes (Medicare, social security, and federal withholding)
37. record and pay the payroll
38. identify employer’s payroll tax expense
39. journalize payroll tax expense
40. complete employer’s quarterly federal tax return and paying tax obligations
41. become familiar with employer’s payroll reporting

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. Read the Six Course Drop Rule policy found on you class homepage.

Course Evaluation

Grades in this course will be determined using a point system.

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

GRADING CRITERIA (Subject to change) Policy will be finalized the first week of class.

Examinations - 5 @ 125 Points Each-------500 Points
(One exam grade will be dropped)
Laboratory Assignments------------------------200 Points
Quizzes---------------------------------------------100 Points
Group Project--------------------------------------100 Points
Attendance & Participation---------------------100 Points

GRADING SCALE
A 1,000-900 Points
B 899-800 Points
C 799-700 Points
D 699-600 Points
F 599 Points and under

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

Any student with a documented disability needing academic adjustments is requested to speak directly to the Counseling Department (see below) as early in the semester (preferable within the first week) as possible. All discussions will remain confidential.

Crystal City - Idalia De La Cruz (830/374-2828)
Del Rio - Marilyn Casson (830 775-1560)
Eagle Pass - Brenda Hoffman (830/758-4102)
Uvalde - Melissa Deleon (830/591-7352)

Office Hours

Appointments by arrangement. Call 830-591-7331 (office) or 830-278-6557 (Home) to set up appointment.

Created: 2009-2010 Revised: 08/18/2009