ACC 100 Complete

ACC 100 Complete

COURSE DESCRIPTION

Provides an understanding of accounting concepts, assumptions, and principles. Covers analysis and recording of business transactions, the adjusting process, and the procedures to complete the accounting cycle. Progresses to illustrating merchandising operations and merchandise inventory accounting, covers internal control and cash, and explains accounting procedures for receivables.

INSTRUCTIONAL MATERIALS

ALEKS Access Code (Note: Must be purchased from the Strayer Bookstore [http://www.strayerbookstore.com])

 

Weygandt, J., Kimmel, P., & Kieso, D. (2013). Accounting Principles, Volume 1 (11th ed.). Hoboken, NJ: John Wiley & Sons. (Note: This is a textbook uniquely created for Strayer and can only be purchased through the Strayer Bookstore. The contents of the book differ from the national title.)

COURSE LEARNING OUTCOMES

Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports.
Perform the recording of common business transactions for both service and merchandising proprietorships using journals and ledgers through a complete accounting cycle.
Demonstrate the ability to prepare the basic journal entries for transactions that affect the cash and accounts / notes receivables accounts.
Identify merchandising inventory, plant assets, and re-associated expense items.
Analyze the basic concepts related to accounting information systems.
Describe the fundamentals of an effective accounting system, including the necessary internal control features for cash and accounts / notes receivables transactions.
Examine the use of ratio analysis for evaluating business performance. 
Use technology and information resources to research issues in financial accounting.
Write clearly and concisely about financial accounting using proper writing mechanics.
 

WEEKLY COURSE SCHEDULE

The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work.  This includes preparation and activities regardless of delivery mode.

Week
Preparation and Activities
Week 1 Faculty Notes
Faculty Suggestions

·         Ensure students have registered the ALEKS software ASAP. The first required ALEKS homework assignment is due in Week 1!

·         Provide a Kaltura recording or announcements to further ensure students understand how the grading for their ALEKS homework works.

·         Remind students that they must complete the weekly ALEKS homework according to the due dates specified. They cannot continue to work on topics in a past week. 

Outcome(s)

Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports.
1
Preparation

·         Register the course required ALEKS product. Using the left navigational bar in your Blackboard course, click the ALEKS link and begin the registration process. Note: The work completed with this product accounts for 55% of your overall grade for the course.

Verify that you have Microsoft Word. If you do not have MS Word, you may download the software at a discounted rate through Strayer University. Download instructions are located in the Student Center of your Blackboard online course.
Read Chapter 1: Accounting in Action
Activities

·         Scavenger Hunt Quiz (20 points)
Note: Additional instructions are located in the Notes section of the Course Guide (end of Course Guide), or in the Blackboard online course.

·         Introductions (20 points)

·         ALEKS Homework: Weekly Pie Progress (40 points)
Note: Prior to completing the ALEKS Homework review the information provided in the Notes section of the Course Guide, or in Week 1 of the Blackboard course.

·         Discussion (20 points)
Week 2 Faculty Notes
Faculty Suggestions

·         Please be sure to clarify for the students this week the difference between stockholder and shareholder equity. 

Outcome(s)

Perform the recording of common business transactions for both service and merchandising proprietorships using journals and ledgers through a complete accounting cycle.
2
Preparation

·         Read Chapter 2: The Recording Process

Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Week 3 Faculty Notes
Outcome(s)

·         Demonstrate the ability to prepare the basic journal entries for transactions that affect the cash and accounts / notes receivables accounts.
3
Preparation

Read Chapter 3: Adjusting the Accounts
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
·         Discussion (20 points)
Week 4 Faculty Notes
Outcome(s)

·         Perform the recording of common business transactions for both service and merchandising proprietorships using journals and ledgers through a complete accounting cycle.
4
Preparation

Read Chapter 4: Completing the Accounting Cycle
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Week 5 Faculty Notes
Outcome(s)

·         Identify merchandising inventory, plant assets, and re-associated expense items.
5
Preparation

Read Chapter 5: Accounting for Merchandising Operations
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Week 6 Faculty Notes
Outcome(s)

Identify merchandising inventory, plant assets, and re-associated expense items.
6
Preparation

Read Chapter 6: Inventories
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Week 7 Faculty Notes
Faculty Suggestions

·         Remind students that their written assignment is due next week. If students need MS Office, they can install the software from the tutorial provided in the Student Center. 

Outcome(s)

Analyze the basic concepts related to accounting information systems.
7
Preparation

Read Chapter 7: Accounting Information Systems
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Week 8 Faculty Notes
Faculty Suggestions

·         Provide a Kaltura walk-through of the assignment details and submission requirements to support students. 

Outcome(s)

Describe the fundamentals of an effective accounting system, including the necessary internal control features for cash and accounts / notes receivables transactions.
8
Preparation

Read Chapter 8: Fraud, Internal Control, and Cash
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Assignment: Careers in Accounting
 
Week 9 Faculty Notes
Outcome(s)

·         Describe the fundamentals of an effective accounting system, including the necessary internal control features for cash and accounts / notes receivable transactions.
9
Preparation

Read Chapter 9: Accounting for Receivables
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Week 10 Faculty Notes
Faculty Suggestions

·         Please note the students are required to prepare a Statement of Retained Earnings in this week’s assignments. Please prepare a sample problem or provide further guidance as this problem is difficult to complete. 

Outcome(s)

·         Examine the use of ratio analysis for evaluating business performance.
10
Preparation

Review the Common Accounting Terms Guide located in the Week 10 agenda in the Blackboard shell.
Read Chapter 18: Financial Statement Analysis – From “Basics of Financial Statement Analysis” to “Profitability Ratios”
Activities

ALEKS Homework: Weekly Pie Progress (40 points)
Discussion (20 points)
Week 11 Faculty Notes
None
11
Activities

ALEKS Homework: Total Pie Progress (100 points)
Discussion (20 points)
 

 

GRADING SCALE – UNDERGRADUATE

Assignment
Total Points
% of

Grade
Scavenger Hunt Quiz
20
2%
ALEKS Weekly Pie Progress
(10 Weekly homework objectives worth 40 points apiece)

·         Each week you must complete the assigned problems as part of the weekly pie.

·         Each set of weekly problems is due at the end of the academic week.

·         Finish early? Great, you may work ahead on the following week!

·         Didn’t finish? After the weekly due date, ALEKS will mark any unfinished problems as incomplete and lock down that week from any further progress occurring.

·         Incomplete problems are scored as 0 weekly points.
400
44%
ALEKS Total Pie Progress
(Assessed at the end of Week 11)

·         At the end of the course, you will be graded on the overall completion percentage of the entire ALEKS pie.

·         Why is this separate? Because after Week 10 any past incomplete problems reopen for further completion to allow you to work toward 100% completion of the total pie.

IMPORTANT! Weekly points are permanent and are NOT adjusted after Week 10. All progress after Week 10 is counted toward the total pie progress.

MOTIVATION! If you keep up with the weekly homework, you will have completed the entire pie by the end of Week 10 – automatically earning you the 100 points for the successful completion of the total pie!
100
11%
Assignment: Careers in Accounting
160
17%
Participation
(1 Introduction discussion worth 20 points)
(11 Discussions worth 20 points apiece)
240
26%
Totals
920
100%
 

 

Points
Percentage
Grade
828 – 920
 90% – 100%
A
736 – 827
80% – 89%
B
644 – 735
70% – 79%
C
552 – 643
60% – 69%
D
Below 552
Below 60%
F
 

 

ATTENDANCE POLICY

This course uses the ALEKS platform for lab work.  Attendance is recorded when an assessment is submitted or when a topic is attempted that counts towards the completion pie.

 
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