Description: skyline_logo_withTaglineSpring 2015

 

Syllabus – ACTG 121AB

Instructor:

Linda Whitten

Phone:

650  738-4372

Office Location:

Bldg 8 Room 8209A

E-mail:

whitten@smccd.edu

Office Hours:

12:00-4:00 MW

Website:

http://www.smccd.edu/accounts/whitten/index.html

Class Duration:

 

10:10-12:00

Mon & Wed

 

 

 

PREREQUISITE RECOMMENDATIONS:

ACTG 100, MATH 120, BCM 225, eligibility for ENGL  836

 

COURSE DESCRIPTION:

ACTG 121, Financial Accounting, CRN# 30009, 4 units, 10:10-2:00 Mon & Wed . Plus 1 lab hour per week by arrangement

Explores what financial accounting is, why it is important, and how it is used by investors and creditors to make decisions. Covers the accounting information system and the recording and reporting of business transactions, the application of generally accepted accounting principles, the classified financial statements, and statement analysis. Includes issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls and ethics. Transfer credit: UC: CSU

 

STUDENT LEARNING OUTCOMES:
Upon successful completion of this course, a student will meet the following outcomes:

Analyze and apply generally accepted accounting principles in the appropriate applications

Analyze corporate financial statements to evaluate the financial health of firms.

Identify and assess ethical corporate behavior

 

TEXTBOOK AND OTHER MATERIALS:

Required:

OR

á       Students must read the Wall Street Journal since relevant articles will be discussed in class.  If you wish to subscribe go to WSJ.com/studentoffer  You will receive both print and online versions for the same student price.WSJ will ask what school you attend ÒSkyline CollegeÓ and then who is your professor and you select ÒWhittenÓ I often read mine on my iPad since they have a mobile app is also included.

 

ASSIGNMENTS:

This course will require at least 5 hours of preparation time per class.  Time management is essential. You cannot afford to fall behind in assignments; catching up is extremely difficult. If you find that you cannot master the material in this amount of time, go immediately to the accounting lab to learn how to study more efficiently using the tutor to answer questions when you get stuck.

 

Although only selected exercises and problems have been assigned, you should work as many additional exercises and problems as you can. The password for solutions for work not assigned is on my website. The password is ACTG121.

 

Homework counts for 10% of the course grade. Read each chapter and review the questions before proceeding to the exercises and problems. If you feel uncertain about how to do an assignment, you can look at the illustrations in the chapter and follow the format, check solutions to problems not assigned, ask for help in the accounting lab.

                                                  

You are expected to have completed the assignment before class.  Homework will be checked for credit daily.  Late homework will not be accepted.  If you cannot come to class, send your work with another student or you may email to instructor. Late homework is not accepted for credit. Therefore, if you arrive late to class after homework has been recorded, you need to see me after class for partial credit.

 

CONNECT REGISTRATION INSTRUCTIONS:                                                                            

Go to the following web address and click on the Òregister nowÓ button:

 

http://connect.mheducation.com/class/l-whitten-spring-2015-mw-10-12

 

If you have trouble with registration, please contact Customer Support at http://mpss.mhhe.com/.

 

Go to the accounting lab and sign up for a scheduled weekly lab session.  David Hall is the lab tutor. The separate lab syllabus is on the last page of this document. Lab rules are also at the end of this syllabus. Your lab points will count for 5% of your grade in ACTG 121.  Failure to complete these assignments will greatly harm your grade.

                                                                                                  

Success in this accounting course is dependent upon regular attendance, participation, and the completion of assigned homework. You may use the accounting lab for working on assignments or getting tutorial help whenever the lab is open in addition to your regularly assigned lab hour.

                                                                                                                                                                       

The accounting lab contains computers for your use.  An accounting tutor is available in the lab for tutorial help in both problems and computer assignments. The Accounting lab is located in Room 8-209 and the phone number is 738-4247.  Lab hours are:

 

Monday-Thursday                  8 am to noon

Monday-Thursday                  4 pm to 6:30 pm

Please Note:

á     All beepers and phones must be mute during instruction

á     No food is allowed in the lab

 

 

GRADING POLICY:

No makeup's will be given on quizzes or exams.  You may make arrangements to take exams and quizzes before the assigned date if you will not be able to attend the scheduled sessions. All cell phones must be turned off and placed in book bag on floor. Failure to do this will result in a grade of zero on the exam.

 

Academic integrity is expected of you at all times (see the Skyline College 2014-2015 Catalog page 49 for a full description).  Violation of academic integrity rules will result in academic discipline at Skyline College. The course grade will be based on a weighted numerical average and a final letter grade for the course will be assigned using the standard 90-100 A, 80-89 B, etc.

 

Exam 1

25%

Quizzes & LS

10%

Exam 2

25%

Homework

10%

Exam 3

25%

Lab Work

  5%

 

CLASS FORMAT:

This course is a combination of lecture, demonstration, and group discussions. You are expected to participate in the group process and in class discussions. The instructor will introduce the chapter material and go over assigned homework and the class will break into informal groups for additional discussions and problem solving. Please turn cell phones to silent in class.

 

 

 

WITHDRAWAL POLICY:

If you wish to withdraw, please go to WebSmart and observe the following deadlines:

Text Box: Last day to Drop: February 4 Last Day to withdraw: April 30

 

 

RESOURCES:

If you qualify for accommodations in this class, make sure the instructor gets a copy of your letter from DSPS. If you do not have one, contact DSPS at 738-4280. If you need any other help such as counseling or financial aid, contact the Student Services One Stop Center in Bldg 5. Tutors are available in the Learning Center and in the Accounting Lab. Please take advantage of this opportunity for help.

 

 

121AB  Spring 2015 Class Assignments to be completed BEFORE class dates:

 

1/26                  Read Chapter 1 and complete the Learnsmart assignment for the chapter on Connect

1/28                  Chapter 1:  E1-1 a-c, E1-3, E1-9, CP1-1, CP1-2, CP1-3

 

2/2                    Read Chapter 2 and complete the Learnsmart assignment for the chapter on Connect

2/4                    Chapter  2 : E2-4, E2-8, E2-11, CP2-1, CP2-2

 

2/9                    Read Chapter 3 and complete the Learnsmart assignment for the chapter on Connect

2/11                  Chapter 3:  E3-3, E3-5, E3-8, E3-16, E3-17, E3-18, E3-19, CP3-2

 

2/16                  Holiday, no class

2/18                  Read Chapter  4  and complete the Learnsmart assignment for the chapter on Connect

 

2/23                  Chapter  4: E4-3, E4-13, E4-14, E4-15, E4-16, E4-17, CP4-1

2/25                  Read Chapter 5 and complete the Learnsmart assignment for the chapter on Connect

 

3/2                    Chapter  5 : E5-2, E5-6, E5-10, CP5-3, CP5-4

3/4                    Read Chapter 6 and complete the Learnsmart assignment for the chapter on Connect

 

3/9                    Exam Chapters 1-5

3/11                  Chapter 6: E6-3, E6-5, E6-7, E6-9, E6-16, CP6-1, CP6-2, CP6-4

 

3/16                  Read Chapter 7 and complete the Learnsmart assignment for the chapter on Connect

3/18                  Chapter 7: E7-1, E7-2, E7-5, E7-9, E7-11, E7-13, E7-18, CP7-1

 

3/22-28       Spring Break

 

3/30                  Read Chapter 8 and complete the Learnsmart assignment for the chapter on Connect

4/1             Chapter 8: E8-1, E8-3, E8-4, E8-8, E8-11, E8-14, E8-15, CP8-1

 

4/6                    Read Chapter 9 and complete the Learnsmart assignment for the chapter on Connect

4/8                    Chapter 9: E9-1, E9-2, E9-4, E9-6, E9-11, E9-13, E9-14, E9-16

 

4/13                  independent study day work on study sheet for exam

4/15            Exam Chapters 6-9

 

4/20                  Read Chapter 10 and complete the Learnsmart assignment for the chapter on Connect

4/22                  Chapter 10: E10-1, E10-3, E10-5, E10-12, E10-15, CP10-5, CP10-7

 

 

4/27                  Read Chapter 11 and complete the Learnsmart assignment for the chapter on Connect

4/29                  Chapter 11: E11-1, E11-3, E11-5, E11-8,  E11-10, E11-13, E11-15

 

5/4                    Read Chapter 12 and complete the Learnsmart assignment for the chapter on Connect

5/6                    Chapter 12: E12-1, E12-7, E12-8, E12-13,  E12-16, CP12-3

                                                            

5/11                  Read Appendix D

5/13                  Appendix D : ED-1, ED-2, ED-3, ED-4, ED-5, CPD-1

 

 

5/18            Read Chapter 13 and complete the Learnsmart assignment for the chapter on Connect

5/20                  Chapter 13: E13-2, E13-3, E13-7, E13-9, E13-11, CP13-3, CP13-4, CP13-6

 

 

5/27                  Exam 3 Chapters 10-13 + Appendix D

Wed           11:10—1:40

 

 

 

Semester long project: 100 POINTS EXTRA CREDIT TOWARD THE QUIZ GRADE

Stock Portfolio Project DUE 5/18

 

You have inherited the sum of $100,000 from Aunt Millie. You are to invest these funds in companies which are publicly  traded on one of the major stock exchanges.

 

This is an entire semester project which should be done using the EXCEL spreadsheet so that you can list the purchase price of the stocks and keep track of the dollar amount of difference on a weekly basis for the entire semester.

 

At the end of the semester submit your summary spreadsheet along with an explanation of the purchasing/selling strategies you used and a total of the dollar amount of profit or loss as a result of your strategies.

 

 

ACTG 121 AB Lab Assignments Spring 2015

 

If you need to makeup a lab session or a holiday falls on your scheduled lab day, you will need to select another lab time to makeup your assignment for that week. The case assignments should be researched and completed as a group process and only ONE report by members of the group is required for submission.  Do not worry about changing groups, points will be recorded based on the names submitted with each assignment.

 

All lab assignments must be completed by THURSDAY AT 6:00 PM

 

Week of 2/2                  Chapter 1                       S1-1, CC1-1                                       10 Points

 

Week of 2/9                  Chapter 2                       S2-1, CC2-1                                       10 Points

 

Week of 2/16                Chapter 3                       S3-5, CC3-1                                       10 Points

 

Week of 2/23                Chapter 4                       C4-1 CC4-1                                       10 Points

 

Week of 3/2                  Chapter 5                       S5-5, CC5-1                                       10 Points

                                             Exam 1 review on connect                                                10 points

 

Week of 3/16                Chapter 6                       S6-4, CC6-1                                       10 Points

 

Week of 3/30                Chapter 7                       S7-2, CC7-1                                       10 Points

 

Week of 4/6                  Chapter 8                       S8-1, CC8-1                                       10 Points

 

Week of 4/13                Chapter 9                       S9-5, CC9-1                                       10 Points

                                             Exam 2 review on connect                                                10 points

 

Week of 4/27                Chapter 10                     PA10-7, CC10-1                              10 Points

 

Week of 5/4                  Chapter 11                     S11-4, CC11-1                                  10 Points

 

Week of 5/11                Chapter 12                     PA12-3, CC12-1                              10 Points

                                             Appendix D                   PAD-1, PAD-2                                  10 Points

 

Week of 5/18                Chapter 13                     S-13-2, CC13-1                                10 Points

                                             Exam 3 review on connect                                                10 points

                                                                                                                                                         170 Total