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 will 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 |
Developing
a vocabulary log with complete sentence definitions and illustrations. Accounting
information systems: system
principles and components; special journals; technology-based accounting
systems. Oral
practice: explaining what the cash
receipts journal in exhibit 8.7 communicates. Close
reading of selected text. Oral
practice: Prepare a brief oral
presentation in which you describe 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. |
Begin
a vocabulary log, following teacher's instructions. Reading: pp. 300-324. Questions:
QS 8-1 to 8-6. Answer questions in
one or more complete sentences. Exercises: 8-1 to 8-14, as assigned. Where exercises
require a written response, answer in complete sentences with answers that
explain why the answer is correct.
Problem
Set: as assigned. In
a paragraph or more, explain one of the problems in 8-1 to 8-14 and describe
the steps you used to solve it. Ethics
challenge, p. 348: Write a paragraph
or more in response, using the questions as a guide. |
|
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: Prepare a brief oral
presentation in which you describe one of the problems in the assigned
exercises and demonstrate to the class the steps you used to solve
it. Oral
practice: discussion of Ethics
Challenge, p. 391. Close
reading of selected text. Review
for test, week 8. |
Vocabulary
log. Reading: pp. 352-378. Questions:
QS 9-1 to 9-7. 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 question 10 on p. 381. Be specific. Test,
week 8. |
|
9-12 |
Receivables
and short-term investments: accounts
receivable, notes receivable, converting receivables to cash before maturity,
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: Prepare a brief oral
presentation in which you describe one of the problems in the assigned
exercises and demonstrate to the class the steps you used to solve it. Oral
practice: discussion of
"Communicating in Practice" and "Entrepreneurial
Decision" problems on pp. 434-435.
Close
reading of selected text. |
Vocabulary
log. Reading: pp. 394-420. Questions: QS 10-1 to 10-8. Exercises:
as assigned. Problem
Set: as assigned. Write
a paragraph or more in response to question 11, 12, or 13, p. 423. Be specific. 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 the "Entrepreneurial Decision"
case on pp. 434-435, using the questions as a guide. |
|
13-16 |
Plant
assists, natural resources, and intangibles:
cost of plant assets, depreciation, revenue and capital expenditures,
and disposals; acquisition and depletion of natural resources; accounting for
intangible assets, patents, copyrights, leaseholds, franchises and licenses,
good will, trademarks and trade names; cash flow impacts of long-term assets. Oral
practice: explaining the graphs in
exhibit 11.1 and 11.17 and explaining what various exhibit accounting
statements communicate. Oral
practice: responses to quick study
questions 11-1 to 11-12. Oral
practice: Prepare a brief oral
presentation in which you describe one of the problems in the assigned
exercises and demonstrate to the class the steps you used to solve
it. Oral
practice: discussion of "Ethics
Challenge" and "Entrepreneurial Decision" problems on pp. 477
and 478. Close
reading of selected text. Review
for test, week 16. |
Vocabulary
log Reading: pp. 436-463. Question: QS 11-1 to 11-12. 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. 477 and 478, using
the questions as a guide. Test,
week 16. |
|
17-20 |
Current
liabilities: liabilities characteristics,
known/determinable liabilities, estimated liabilities, contingent
liabilities, and long-term liabilities. Oral
practice: Prepare a brief oral
presentation in which you describe one of the problems in the assigned
exercises and demonstrate to the class the steps you used to solve
it. Oral
practice: discussion of "Ethics
Challenge" and "Entrepreneurial Decision" problems on pp. 523
and 524. Close
reading of selected text. |
Vocabulary
log Reading: pp. 480-508. Question: QS 12-1 to 12-11. 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 524, using
the questions as a guide. |
|
21-24 |
Partnerships: forms of business organization and
partnership form; basic partnership accounting, admission and withdrawal of partners,
partnership liquidation. Oral
practice: Prepare a brief oral
presentation in which you describe one of the problems in the assigned
exercises and demonstrate to the class the steps you 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 test., week 24. |
Vocabulary
log Reading: pp. 526-543. 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, using
the questions as a guide. Test.
week 24. |
rev.2/04