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 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 |
Accounting information
systems: Oral practice: explaining what the cash receipts journal
in exhibit 8.7 communicates. Close reading of selected
text. Oral practice: describing 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. |
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. Problem Set: as assigned. Explain in writing one of
the problems in 8-1 to 8-14 and the steps used to solve it. Ethics challenge, p.
348: Write a paragraph or more in
response |
|
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: describing
one of the problems in the assigned exercises and demonstrate to the
class the steps used to solve it. Oral practice: discussion of Ethics Challenge, p.
391. Close reading of selected
text. Review for exam, week
8. |
Reading: pp. 352-378. Questions: QS 9-1 to 9-7. Exercises: as assigned Problem Set: as assigned Explain in writing one of
the problems in 8-1 to 8-14 and the steps used to solve it. Write a paragraph or more
in response to question 10 on p. 381.
Be specific. Bi-monthly exam, week
8. |
|
9-12 |
Receivables 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: describing one of the problems in the
assigned exercises and its solution. Oral practice: discussion of "Communicating in
Practice" and "Entrepreneurial Decision" problems on pp.
434-435. Close reading of selected
text. |
Reading: pp. 394-420. Questions: QS 10-1 to 10-8. Exercises and Problem Set:
as assigned. Write a paragraph or more
in response to question 11, 12, or 13, p. 423. Be specific. Explain one of the problems
in one of the assigned exercises and describe the steps used to solve
it. Write a paragraph or more
in response to the "Entrepreneurial Decision" case on pp. 434-435 |
|
13-16 |
Plant assists, natural
resources, and intangibles: cost of
plant assets, depreciation, revenue and capital expenditures, and disposals;
etc. Oral practice: explaining exhibit 11.1 and 11.17 graphs
and what exhibit accounting statements communicate. Oral practice: responding to quick study questions 11-1
to 11-12. Oral practice: describing one of the problems in the
assigned exercises with demonstrating
the steps used to solve it. Oral practice: discussion of "Ethics Challenge"
and "Entrepreneurial Decision" problems, pp. 477 and 478. Close reading of selected
text. Review for exam, week
16. |
Reading: pp. 436-463. Question: QS 11-1 to 11-12. Exercises and 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 Bi-monthly exam, week
16. |
|
17-20 |
Current liabilities: liabilities characteristics,
known/determinable liabilities, estimated liabilities, contingent
liabilities, and long-term liabilities. Oral practice: describing one of the problems in the
assigned exercises and the steps used to solve it. Oral practice: discussion of "Ethics Challenge"
and "Entrepreneurial Decision" problems on pp. 523 and 524. Close reading of selected
text. |
Reading: pp. 480-508. Question: QS 12-1 to 12-11. Exercises and 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 |
|
21-24 |
Partnerships: forms of business organization and
partnership form; basic partnership accounting, admission and withdrawal of
partners, partnership liquidation. Oral practice: describing one of the problems in the
assigned exercises and demonstrating the steps 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 exam., 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 Bi-monthly exam, week 24. |
rev. 2/04, 2/07