ACC 112 – Principles of Accounting I (4 credits)

Instructor: Ann Gervais E-Mail: agervais@hcc.mass.edu

Office: None assigned or WebCT (preferred)

Office Hours: WebCT Voice Mail: None assigned

REQUIRED TEXT: ACCOUNTING 22nd ed. Warren, Reeves & Duchac with

ThonsonNow/WebCT Access student access code

MATERIALS: Calculator (simple).

Access to personal computer and Internet Access

COURSE DESCRIPTION: The development of accounting principles with application to partnerships, corporations, and manufacturing businesses. The use of accounting as a basis for managerial decisions is emphasized. PREREQUISITE: ACC 111 (Recommended final grade of C- or higher).

OBJECTIVES: Upon completion of this course, the student will be able to:

¨ Demonstrate an understanding of the fundamental accounting concepts and principles related to partnerships, corporations, and manufacturing types of businesses.

¨ Correctly use the terminology of accounting in the areas mentioned above.

¨ Recognize the application of generally accepted accounting principles in the business environment.

¨ Prepare a Cash Flow Statement using the indirect method.

¨ Possess the ability to begin to analyze corporate financial statements.

¨ Process transactions related to stockholders equity and long-term debt.

¨ Distinguish between Job Order and Process Cost Accounting and to prepare entries and reports used in each.

¨ Use the Internet as an effective research tool.

¨ Use a computerized general ledger accounting package.

COURSE REQUIREMENTS:

¨ Reading of topics is essential to effective learning. The first reading of the material should be to gain an overview of the chapter concepts and applications. Be prepared to ask questions on new materials to clear up any confusion early in the learning process. You are responsible for all chapter topics.

¨ Homework assignments are to be completed according to the schedule below and are due on the same day as the exam for that chapter (specific dates are on ThomsonNow). All problems must be submitted on ThomsonNow.

¨ WebCT class site should be checked regularly for messages on the class discussion pages, additional assignments, and calendar updates.

¨ WebCT Quizzes give immediate feedback to questions on chapter topics. There is a pre test and a post test available for each chapter. The tests are for your benefit. The grades will not be recorded.

¨ Exams will take place according to the schedule below in the course outline (specific dates are on ThomsonNow). The course textbook should never be used during an exam.

¨ Time Commitment. This course requires a significant time commitment. Estimate 2-3 hours daily of study, problem working and WebCT time, (approximately 10-15 hours per week). There is a direct correlation between the amount of study time (reading, homework, extra problems, WebCT activities, etc.) and your level of learning. Accounting knowledge cannot be acquired without practice and repetition. Accounting requires active learning; reading and highlighting, using flashcards, making outlines, working though exercises, and taking self-quizzes. Use the WebCT and textbook websites for demonstration problems, games, and video topic review. You control your level of understanding and success in this on-line class.

¨ Communication. All Communication should be through the Email and Discussion icons on WebCT. Email is private and the discussion area is public. All questions that may result in explanations that would benefit others in the class work should be asked in the discussion area. All communication should be respectful. Any communication that is disruptive to the online classroom environment (i.e. negative comments) may result in your dismissal from the online class. All discussions should be productive and not idol chatter or complaining. I am available to discuss your course work by appointment. I encourage you to send an e-mail on WebCT. I usually check my messages once a day.

¨ Extension. On-line courses are not self-paced. Under no circumstances will the instructor extend the due dates of homework, quizzes or exams. Plan your work accordingly.

METHODS OF EVALUATION:

Homework Assignments 30%

Exams 50%

Final Exam 20%

Grade distribution follows outline in the college catalog.


	Interaction Plan - ACC 112 - Gervais HOLOKE COMMUNITY COLLEGE HOLYOKE COMMUNITY COLLEGE BUSINESS DIVISION ACC 112 – Principles of Accounting I (4 credits) Instructor: Ann Gervais E-Mail: agervais@hcc.mass.edu Office: None assigned or WebCT (preferred) Office Hours: WebCT Voice Mail: None assigned REQUIRED TEXT: ACCOUNTING 22nd ed. Warren, Reeves & Duchac with ThonsonNow/WebCT Access student access code MATERIALS: Calculator (simple). Access to personal computer and Internet Access COURSE DESCRIPTION: The development of accounting principles with application to partnerships, corporations, and manufacturing businesses. The use of accounting as a basis for managerial decisions is emphasized. PREREQUISITE: ACC 111 (Recommended final grade of C- or higher). OBJECTIVES: Upon completion of this course, the student will be able to: ¨ Demonstrate an understanding of the fundamental accounting concepts and principles related to partnerships, corporations, and manufacturing types of businesses. ¨ Correctly use the terminology of accounting in the areas mentioned above. ¨ Recognize the application of generally accepted accounting principles in the business environment. ¨ Prepare a Cash Flow Statement using the indirect method. ¨ Possess the ability to begin to analyze corporate financial statements. ¨ Process transactions related to stockholders equity and long-term debt. ¨ Distinguish between Job Order and Process Cost Accounting and to prepare entries and reports used in each. ¨ Use the Internet as an effective research tool. ¨ Use a computerized general ledger accounting package. COURSE REQUIREMENTS: ¨ Reading of topics is essential to effective learning. The first reading of the material should be to gain an overview of the chapter concepts and applications. Be prepared to ask questions on new materials to clear up any confusion early in the learning process. You are responsible for all chapter topics. ¨ Homework assignments are to be completed according to the schedule below and are due on the same day as the exam for that chapter (specific dates are on ThomsonNow). All problems must be submitted on ThomsonNow. ¨ WebCT class site should be checked regularly for messages on the class discussion pages, additional assignments, and calendar updates. ¨ WebCT Quizzes give immediate feedback to questions on chapter topics. There is a pre test and a post test available for each chapter. The tests are for your benefit. The grades will not be recorded. ¨ Exams will take place according to the schedule below in the course outline (specific dates are on ThomsonNow). The course textbook should never be used during an exam. ¨ Time Commitment. This course requires a significant time commitment. Estimate 2-3 hours daily of study, problem working and WebCT time, (approximately 10-15 hours per week). There is a direct correlation between the amount of study time (reading, homework, extra problems, WebCT activities, etc.) and your level of learning. Accounting knowledge cannot be acquired without practice and repetition. Accounting requires active learning; reading and highlighting, using flashcards, making outlines, working though exercises, and taking self-quizzes. Use the WebCT and textbook websites for demonstration problems, games, and video topic review. You control your level of understanding and success in this on-line class. ¨ Communication. All Communication should be through the Email and Discussion icons on WebCT. Email is private and the discussion area is public. All questions that may result in explanations that would benefit others in the class work should be asked in the discussion area. All communication should be respectful. Any communication that is disruptive to the online classroom environment (i.e. negative comments) may result in your dismissal from the online class. All discussions should be productive and not idol chatter or complaining. I am available to discuss your course work by appointment. I encourage you to send an e-mail on WebCT. I usually check my messages once a day. ¨ Extension. On-line courses are not self-paced. Under no circumstances will the instructor extend the due dates of homework, quizzes or exams. Plan your work accordingly. METHODS OF EVALUATION: Homework Assignments 30% Exams 50% Final Exam 20% Grade distribution follows outline in the college catalog.