Course Details
Course Code: ACCT100 Course ID: 2893 Credit Hours: 3 Level: Undergraduate
Introduction to the purposes of financial accounting statements and the recognition, measurement, and disclosure concepts and methods underlying financial statements. The course focus is on using and interpreting financial statements and on understanding the impact of transactions on assets, liabilities, revenues, and expenses. (Prerequisite: MATH225)
- MATH225 - Calculus
Prerequisites
Course Schedule
| Registration Dates | Course Dates | Start Month | Session | Weeks |
|---|---|---|---|---|
| 05/29/2023 - 11/03/2023 | 11/06/2023 - 12/31/2023 | November | Fall 2023 Session I | 8 Week session |
| 07/31/2023 - 12/29/2023 | 01/01/2024 - 02/25/2024 | January | Winter 2024 Session B | 8 Week session |
| 09/25/2023 - 03/01/2024 | 03/04/2024 - 04/28/2024 | March | Winter 2024 Session D | 8 Week session |
Current Syllabi
After successfully completing this course, you will be able to:
- CO1. Apply basic financial accounting concepts and principles that make up GAAP to an organization’s financial transactions.
- CO2. Compare and contrast accrual and cash basis accounting.
- CO3. Describe the components of an effective internal control system.
- CO4. Illustrate the use of proper accounting techniques for merchandising operations, cash and receivables, liabilities, long-‐-‐-‐term assets, payroll, and contributed capital.
- CO5. Compute key financial accounting ratios used to interpret the characteristics of financial statements.
- CO6. Produce the four basic financial statements and post-‐-‐-‐closing trial balance by following the six steps in the accounting cycle.
Method of Assessment
A.Tests & Paper
There will be two (2) tests in the course, a midterm and a final given in modules four and eight respectively. The tests in this class will consist of multiple choice questions and/or short answer problems. Tests will be three hours long and focus on the material covered in the course. Tests may be administered using the Examity test proctoring service. Please verify in the course announcements and/or the Lessons tab if the course will use test proctoring. It is the student’s responsibility to notify the instructor and the test proctoring service regarding any schedule changes or non- disability related accommodations. The course will have a comprehensive paper that will measure student understanding of the course objectives along with researhc and writting skills. Please refer to the APA Manual 6th edition for the format of the paper.
B.Assignments:
Course assignments will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.). These assignments will be a series of quizzes consisting of exercises, problems, and simulations. Assignments will have a specific due date with specific instructions. Late assignments will be subject to the university’s Late Work/Make-up Policy detailed in the student handbook. Please be advised the instructor reserves the right to implement their own late assignment policy.
C.Homework:
Throughout the term, homework will be given in several modules to test student understanding of the material. Homework will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.) and consist of questions, problems, or simlations. Please be advised the instructor reserves the right to implement their own late assignment policy.
D.Discussion Forums:
Participation in the discussion forums is an essential component of the final grade. All students are expected to engage in lively discussions and answer instructor follow-up questions. The quality of participations along with student netiquette will be a part of the grade.
Assessment of the Course Objectives
|
Course Objective(s) |
Assessment Method(s) |
|
1 - 6 |
Test question, paper, assignment, discussion, and homework |
The following distribution will be used in assigning grades (decimal points will be rounded to the nearest whole number at semester’s end).
|
Grade |
Quality Points/Grading Percent |
|
A |
4.0/ 100 – 94 |
|
A- |
3.67/ 93 – 90 |
|
B+ |
3.33/ 89 – 87 |
|
B |
3.0/ 86 – 84 |
|
B- |
2.67/ 83 –80 |
|
C+ |
2.33/ 79 – 77 |
|
|
C |
2.0/ 76 – 73 |
|
|
C- |
1.67/ 72 – 70 |
|
|
D+ |
1.33/ 69 – 67 |
|
|
D |
1.0/ 66 – 64 |
|
|
D- |
0.67/ 63 – 60 |
|
|
F |
|
| Name | Grade % |
|---|---|
| Discussions | 10.00% |
| Week 4: Discussion | 5.00% |
| Week 8: Discussion | 5.00% |
| Homework | 20.00% |
| Chapter One Homework | 3.33% |
| Chapter Two Homework | 3.33% |
| Chapter Three Homework | 3.33% |
| Chapter Four Homework | 3.33% |
| Chapter Five Homework | 3.33% |
| Chapter Six Homework | 3.33% |
| Quizzes | 30.00% |
| Chapter One Quiz | 5.00% |
| Chapter Two Quiz | 5.00% |
| Chapter Three Quiz | 5.00% |
| Chapter Four Quiz | 5.00% |
| Chapter Five Quiz | 5.00% |
| Chapter Six Quiz | 5.00% |
| Final Assessment | 10.00% |
| Week 8 Paper | 10.00% |
| Tests | 30.00% |
| Midterm | 15.00% |
| Final | 15.00% |