ACC231.02_GrimaldiP_13WN

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PRINCIPLES OF ACCOUNTING IJACKSON COMMUNITY COLLEGEACCOUNTING 231-02

Winter 2013

Professor: Pete F. Grimaldi, MBA, CMA, CFM JCC Phone: (517) 784-8193

E-Mail: [email protected] JCC Office: Whiting 150 (by appointment)

COURSE BASICS:

JCC Catalog Description: This course is designed for business and accounting majors or the transfer

student. Learn the theory and practice of interpreting and recording accounting data and preparation of

financial statements in accordance with Generally Accepted Accounting Principles (GAAP) with an

emphasis on sole proprietorships. Current software will be utilized and previous computer experience is

strongly recommended. This is an introductory accounting course required for some BUA and all ACC

majors. Students should consider their academic program and select either ACC 216 or ACC 231 as their

required introductory accounting course. Success in this class depends upon strong analytical problem

solving skills, basic computer skills and your dedication. Prerequisites: ENG 085*, ENG 090*, MTH 120 or

higher and CIS 101

Required Text Materials: (1) Accounting, Warren, Reeve and Duchac, 24rd

edition and (2) Aplia access;

both textbook and Aplia are required. The textbook can be utilized in hard cover, loose leaf or eBook

format, the best value is the loose leaf bundle at the JCC bookstore

Other Required Materials: simple calculator, pencils, flash drive, and Internet access

Class Meeting: 6:00 to 7:56 PM, Monday and Wednesday in Jackson Community College - North

Campus, Room 201

Office Hours: After class, by appointment, or by e-mail

COURSE INFORMATION:

Methods used to achieve course objectives: Discussion, lecture, problem solving, group practice work,

individual practice with Aplia, homework, Exams, and practical application of the text

Monday and Wednesdays: Eleven chapters will be covered during the 15 class meetings; the last class

of the semester will include only the last exam. Mondays class will include a presentation of the current

weeks readying assignment. Wednesdays class will included a review of the current weeks discussion

questions and review of assigned exercises and problems. If time permits, the last part of each class will

be available for in-class work on assignments, practice, questions, and Aplia on-line practice. Homework

assignments to be presented in EXCEL are due at end of class period.

Aplia Homework: We will use Aplia to practice and learn throughout this class. Aplia is an online

practice tool used to learn accounting. See page 4 of this syllabus file for specific directions on how to


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use Aplia. Aplia work should be completed following the week the chapter is introduced in class.

EXCEL Homework: We will also prepare accounting work using EXCEL software, similar to what you

would see in the workplace. See page 6 of this syllabus file for specific homework problems assigned in

the semester schedule. Five EXCEL assignments will be collected for grading during the semester.

Exams: There will be 3 chapter exams throughout the semester covering 3 to 4 chapters each. If you

have a conflict with a test date, you may arrange to take an exam early. Please plan ahead to attend all

test dates.

Attendance & Participation: Attendance is not considered in your grade; however, your regular

attendance and active involvement in class will directly correlate to how well you do in this class. If you

attend all classes and complete all assignments, you should do well in ACC 231.

Emergencies: If you find yourself in an emergency situation on an exam date, contact me by phone or e-

mail ASAP. When you return to class, you will be required to provide documentation of your absence,

such as a funeral notice, hospital admit slip, police ticket, etc. We will discuss the situation and work out

a solution.

Academic Honesty: Integrity and ethics are important in accounting, since many rely on accounting

information in decision making. Cheating in class will result in zero credit for that particular assignment,

cheating on an exam will be referred to the Director of the Accounting Department and may result in

failing the course. Cheating in class takes the form of using or copying another students work and using

it as your own. All assignments related to this class must reflect your own work. The JCC Catalog defines

academic honesty as the ethical behavior that includes (students) producing their own work and not

representing others work as their own

Cell Phones: Please turn off yourcell phone ringer before joining our class.

JCC INFORMATION:

JCC Associate Degree Outcomes (ADOs): The Board of Trustees of Jackson Community College has

determined that all JCC graduates should develop or enhance certain essential skills while enrolled in the

college. ADO #3 and #8 will be addressed in this course. ADO #3 represents student understanding of

computational skills and mathematical reasoning, and ADO #8 represents student understanding of

personal and ethical responsibility.

JCC Course Objectives with Associate Degree Outcomes (ADOs):

1) Complete double-entry accounting procedures including journalizing transactions, posting journalentries, and preparation of the trial balance (ADO 3)

2) Adjust and close the books for a sole proprietorship service and merchandising business (ADO 3)

3) Prepare financial statements for a sole proprietorship including the Income Statement, Statement of

Owners Equity, and Balance Sheet (ADO 3)

4) Understand and complete all aspects of the accounting cycle (ADO 3)

5) Prepare bank reconciliations and record related adjusting entries to Cash (ADO 3)

6) Estimate bad debts using acceptable GAAP methods for doubtful accounts and record related entries

(ADO 3)


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7) Compute ending inventory using various acceptable GAAP inventory methods under a perpetual or

periodic system (ADO 3)

8) Compute depreciation using acceptable GAAP depreciation methods and record entries for the

acquisition and disposal of plant assets (ADO 3)

9) Understand basic payroll calculations including preparation of a payroll register (ADO 3)

JCC Technology: If you have trouble with your JCC login or other computer issues, please contact the

JCC Solution Center at (517) 796-8639 or by e-mail at: [email protected]. When e-mailing

your instructor, please include your first and last name and put ACC 231 in the subject line. Alwayssave your work and have a back-up plan. Please ask questions and get help early with any concerns you

may have including computer problems.

JCC Center for Student Success: Students requiring special assistance (including those affected by the

Americans with Disabilities Act) should contact the Center for Student Success at (517) 787-0800. This is

the first step in acquiring the appropriate accommodations to facilitate your learning.

Note: This syllabus is not a contract; it is a plan for the course. Each course and each group of students

is unique. We may do more or less work than is outlined above. Total points in the course may be

altered to reflect the dynamics of our class.

A word on our textbook material (all prices are approximates)

JCC Folletts Bookstore (http://www.jccmi.edu/info/bookstore.htm ) :

Warren Accounting 24e, loose leaf, chapters 1-26, Aplia 1 semester access & e-book bundled = $175.75

Warren Accounting 24e, e-book and Aplia 1 semester access only = $92.75

Amazon (www.amazon.com) :

Warren Accounting 24e, traditional hardback full version, book only = $184.35

Cengage Brain (www.cengagebrain.com) :

Warren Accounting 24e, traditional hardback full version, book only = $224.99

Warren Accounting 24e, eBook only = $122.99

Warren Accounting 24e, Aplia 1 semester access only = $79.99

Warren Accounting 24e, hardcover, eBook and Aplia 1 semester access only = approx. $300

I recommend the $175.75 bundle at the JCC bookstore. This provides you with the textbook required for ACC 231

and ACC 232 and one semester of Aplia access. When you take ACC 232, all youll need is another semester of

Aplia. The loose leaf version cannot be sold back to the bookstore. However, the loose leaf version saves approx.

$125 net ($300 $175).
http://www.jccmi.edu/info/bookstore.htmhttp://www.jccmi.edu/info/bookstore.htmhttp://www.jccmi.edu/info/bookstore.htmhttp://www.amazon.com/http://www.amazon.com/http://www.amazon.com/http://www.cengagebrain.com/http://www.cengagebrain.com/http://www.cengagebrain.com/http://www.cengagebrain.com/http://www.amazon.com/http://www.jccmi.edu/info/bookstore.htm


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How to access your Aplia course

ACC 231-02 Principles of Acct I - Winter 2013 - Grimaldi

Instructor: Pete GrimaldiStart Date: Monday: 01/07/2013Course Key: Y9MQ-V5N5-K2TY

Registration

Aplia is part of CengageBrain, which allows you to sign in to a single site to access your Cengage

materials and courses.

1. Connect to http://login.cengagebrain.com/2. If you already have an account, sign in. From your Dashboard, enter your course key

(Y9MQ-V5N5-K2TY) in the box provided, and click the Registerbutton.

If you don't have an account, click the Create a New Accountbutton, and enter your

course key when prompted: Y9MQ-V5N5-K2TY. Continue to follow the on-screen

instructions.

Payment

Online: Purchase access to your course (including the digital textbook) from the CengageBrain

website.

Bookstore: Purchase access to Aplia from your bookstore. Check with the JCC bookstore to find out

what they offer for this course, you will have the option to purchase a physical book at a discounted

price. Aplia provides an option to use Aplia software while deferring payment until a later date,

please check with book store or CengageBrain website for details.


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Principles of Accounting I

Other Internet Resources

Textbook website:

http://www.wadsworth.com/cgi-

wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9780538475006&token=

This website is a very important course resource for you and is very similar to a companion Study Guide. Use it

and you will improve your grade in this class. This web site is like a treasure chest of materials designed with

student success in mind. Here is what you will find

Crossword Puzzles

Excel Templates

Flashcards

Glossary

Interactive Quizzes

Student PowerPoint

JCC JetNet:

www.jccmi.edu (click on Online Classes at the top)

Urgent announcements & check figures

File sharing: syllabus, Excel template files.

Homework submission for Excel work

Grading and all points for all assignments

Other great websites created for student success with college accounting courses:

http://www.accountingcoach.com/ Really great website. Consider signing up for their newsletter and get the

FREE 19 page accounting CHEAT SHEET booklet.

http://www.accountingcrosswords.com/

http://principlesofaccounting.com/

http://www.cliffsnotes.com/study_guide/Accounting-Principles-I.topicArticleId-21081.html

http://www.youtube.com/education?category=University/Business/Accounting
http://www.wadsworth.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9780538475006&tokenhttp://www.wadsworth.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9780538475006&tokenhttp://www.jccmi.edu/http://www.accountingcoach.com/http://www.accountingcoach.com/http://www.accountingcrosswords.com/http://www.accountingcrosswords.com/http://principlesofaccounting.com/http://principlesofaccounting.com/http://www.cliffsnotes.com/study_guide/Accounting-Principles-I.topicArticleId-21081.htmlhttp://www.cliffsnotes.com/study_guide/Accounting-Principles-I.topicArticleId-21081.htmlhttp://www.youtube.com/education?category=University/Business/Accountinghttp://www.youtube.com/education?category=University/Business/Accountinghttp://www.youtube.com/education?category=University/Business/Accountinghttp://www.cliffsnotes.com/study_guide/Accounting-Principles-I.topicArticleId-21081.htmlhttp://principlesofaccounting.com/http://www.accountingcrosswords.com/http://www.accountingcoach.com/http://www.jccmi.edu/http://www.wadsworth.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9780538475006&tokenhttp://www.wadsworth.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9780538475006&token


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ACC 231-02

Semester Schedule

Winter 2013Week Date Chap Focus Homework Due Date

1 Mon 1/07

Wed 1/09

1 Introductions, opening comments,

grading policy, discuss Aplia on-line

homework

Introduction to Accounting and

Business

(chapter introduction)

Login to Aplia web site

CH 1, Reading

CH 1 Aplia Practice

1/09

2 Mon 1/14

Wed 1/16

2 Introduction to Accounting and

Business

(chapter review

Analyzing Transactions


Chapter 1 Excel Presentation

PR 1-2A

(textbook template Excel)

CH 2, Reading

CH 2 Aplia Practice 1-8 (skip No. 9 & 10)

1/16

1/16

3 Mon 1/21

Wed 1/23

3 Analyzing Transactions

(chapter review)

The Adjusting Process



PR 2-2A, PR 2-3A, CP 2-6(textbook template Excel)

CH 3, Reading

CH 3 Aplia Practice

1/23

1/23

4 Mon 1/28

Wed 1/30

4 The Adjusting Process

(chapter review)

Complete the Accounting Cycle(chapter introduction)


PR 3-3A (your Excel spreadsheet),

PR 3-4A (Note, June 30 date s/b April 30),

(your Excel spreadsheet),

PR 3-5A (textbook template Excel)

CH 4, ReadingCH 4 Aplia Practice

1/30

1/30

5 Mon 2/04

Wed 2/06

1-4

1-4

Complete the Accounting Cycle

(chapter review)

Review for Exam No. 1


PR 4-1A, PR 4-6A

(both are textbook template Excel)

Chapters 1-4

2/06

6 Mon 2/11

Wed 2/13

5 Exam No. 1

Accounting Systems(chapter introduction)

Chapter 1-4

CH 5, ReadingCH 5 Aplia Practice

2/13

7 Mon 2/18

Wed 2/20

6 Accounting Systems

(chapter review)

Accounting for Merchandising

Businesses



EX 5-8, EX 5-16,

PR 5-5B, (your Excel spreadsheet)CP 5-5

CH 6, Reading

CH 6 Aplia Practice

2/20

2/20


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8 Mon 2/25

Wed 2/27

Mid-Semester Break No Class

Mid-Semester Break No Class

9 Mon 3/4

Wed 3/6

7 Accounting for Merchandising

Businesses

(chapter review)

Inventories(chapter introduction)


PR 6-1A, PR 6-6A, CP 6-1, CP 6-5

(your Excel)

CH 7, ReadingCH 7 Aplia Practice (skip No. 5, LIFO)

3/6

3/6

10 Mon 3/11

Wed 3/13

8 Inventories

(chapter review)

Sarbanes-Oxley, Internal Control, and

Cash



PR 7-1A, PR 7-2A, PR 7-3A, CP 7-1


CH 8, Reading

CH 8 Aplia Practice

3/13

3/13

11 Mon 3/18

Wed 3/20

5-8 Sarbanes-Oxley, Internal Control, and

Cash

(chapter review)



PR 8-3A, PR 8-5A, CP 8-1


Chapters 5-8

3/20

12 Mon 3/25

Wed 3/27

9 Exam No. 2

Receivables


Chapters 5-8

CH 9, Reading

CH 9 Aplia Practice

3/27

13 Mon 4/1

Wed 4/3

10 Receivables

(chapter review)

Fixed Assets & Intangible Assets



PR 9-1A, PR 9-2A, PR 9-6A(your Excel & textbook template Excel)

CH 10, Reading

CH 10 Aplia Practice

4/3

4/3

14 Mon 4/8

Wed 4/10

11 Fixed Assets & Intangible Assets

(chapter review)

Current Liabilities & Payroll



PR 10-1A, PR 10-2A, PR 10-3A

PR 10-5A, PR 10-6A, CP 10-1

(your Excel & textbook template Excel)

CH 11, Reading

CH 11 Aplia Practice

4/10

4/10

15 Mon 4/15

Wed 4/17 9-11

Current Liabilities & Payroll

(chapter review)



PR 11-1A, PR 11-2A, PR 11-5A, CP 11-1

(your Excel & textbook template Excel)

Chapters 9-11

4/17

4/17


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16 Mon 4/22

Wed 4/24

Exam No. 3

Exam return, grades

Chapter 9-11

ACC 231 Requirements: Grading Scale:

Points 4.0 A 93-100%

Aplia practice 11 chapters 250 3.5 AB 88-92%

Homework (5 assignments from text) 250 3.0 B 83-87%Exams 1 3 (sum of three exam scores) 500 2.5 BC 78-82%

2.0 C 73-77%

1.5 CD 68-72%

1.0 D 63-67%

0.5 DF 58-62%

Total Points Available 1,000 0.0 F 0-57%

Documents

ACC231.02_GrimaldiP_13WN