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Accounting Practices Details This course is designed for individuals who are preparing for more advanced coursework

in accounting and for students who have not had accounting in undergraduate work. Topics covered include the principles and practices of financial accounting and the fundamentals of managerial accounting, such as cost behavior and budgeting. The course covers accounting theories using computational examples, and homework is problem solving. 4.0 None None Each week, students are required to complete an assignment, a quiz, and participate in the discussion forum. On top of this, there are lectures, chapters, and media tools assigned and practice problems and quizzes available. Practice problems (optional): unlimited attempts, full access to MAL resources. Media: students must view media as pre-req for assignment. Assignment: unlimited attempts, no deduction for multiple attempts, full access to MAL resources, pre-req view media. Practice quizzes (optional): three attempts, 120-minute time limit, students may view correct answers immediately after completion. Quizzes: one attempt, 120-minute time limit, students may view correct answers after due date, pre-req submission of assignment. Additional Material Textbook Horngrens Accounting, The Financial Chapters Nobles, T., Mattison, B., & Matsumara, E. (2014). Horngrens accounting, the financial chapters (10 edition). Upper Saddle River, NJ: Pearson Prentice Hall. ISBN-13: 9780133117561 (Available as eBook) http://gcumedia.com/digital-resources/ pearson/2013/horngrens-accounting-the-financialchapters-with-myaccountinglab_ebook_10e.php Website My Accounting Lab "My Accounting Lab" will be utilized throughout this course to complete your assignments and exams. http://www.myaccountinglab.com/

Credit Hours PreRequisites coRequisites ACC-502 My Accounting Lab Settings

Course Add-Ons

Topics Topic 1: Introduction to the Accounting Cycle Description: Objectives: 1. 2. 3. 4. 5. Define key terms related to accounting. Apply the accounting equation in transaction analysis. Describe the purposes of the financial statements. Journalize basic accounting transactions. Prepare a trial balance from T-accounts. Duration: 7 days

Topic Material: Lecture Note


1. ACC-502 Lecture 1

Read Lecture 1. Textbook


2. Horngrens Accounting, The Financial Chapters

Read chapters 1 and 2. Electronic Resource


3. The Accounting System Chart

View "The Accounting System Chart." Electronic Resource


4. Accounting Pyramid

View "Accounting Pyramid."

Gradable Items Assignment

Details Module 1 Assignment Complete the following exercises and problems in Excel: P1-41A P1-42A P2-29A

Points Possible 50.0

Discussion Question

Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 1 DQ 1 10.0 If you were to open a business, what form of business organization would you use, and why? Module 1 DQ 2 10.0

Discussion Question

Gradable Items

Details Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible.

Points Possible

Quiz Participation

Module 1 Quiz

45.0 10.0 Duration: 7 days

Topic 2: The Adjusting and Closing Process Description: Objectives:

1. Define key terms related to the adjusting and closing processes. 2. Journalize adjusting entries and closing entries. 3. Prepare a post-closing trial balance. Topic Material: Lecture Note
1. ACC-502 Lecture 2

Read Lecture 2. Textbook


2. Horngrens Accounting, The Financial Chapters

Read chapters 3 and 4. Electronic Resource


3. Adjusting Entries Demonstration

View "Adjusting Entries Demonstration." Electronic Resource


4. Break-Even Point Demonstration

View "Break-Even Point Demonstration." Electronic Resource


5. General Journal Demonstration

View "General Journal Demonstration."

Gradable Items Assignment

Details Module 2 Assignment Complete the following exercises and problems in Excel: P3-35A P4-27A

Points Possible 50.0

Discussion Question

Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 2 DQ 1 10.0 The term adjusting entries refers to a very important step in the accounting cycle. Explain when, why, and how the adjusting process is used. Provide an example to clarify your statements. Module 2 DQ 2 10.0 Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible.

Discussion Question

Quiz Participation

Module 2 Quiz

45.0 10.0 Duration: 7 days

Topic 3: Merchandising and Inventory Accounting Description: Objectives: 1. 2. 3. 4.

Define key terms related to merchandising operations and inventory. Compare and contrast the use of common inventory costing methods. Calculate cost of goods sold and ending inventory. Account for the purchase and sale of inventory using the perpetual method.

Topic Material: Lecture Note


1. ACC-502 Lecture 3

Read Lecture 3. Textbook


2. Horngrens Accounting, The Financial Chapters

Read chapters 5 and 6.

Gradable Items Assignment

Details Module 3 Assignment Complete the following exercises and problems in Excel: P5-31A P5-35A P6-32A

Points Possible 50.0

Discussion Question

Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 3 DQ 1 10.0 The choice of inventory method is critical to the merchandising operation. Identify a well-known company, and state what inventory method you think would be best for that company, and why. Module 3 DQ 2 10.0 Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible.

Discussion Question

Quiz

Module 3 Quiz

45.0

Gradable Items Participation

Details

Points Possible 10.0 Duration: 7 days

Topic 4: Reporting and Interpreting Cash and Receivables Description: Objectives:

1. Define key terms related to internal controls, cash and receivables. 2. Apply control procedures to manage cash. 3. Estimate uncollectible accounts using the percentage of sales and the aging methods. Topic Material: Lecture Note
1. ACC-502 Lecture 4

Read Lecture 4. Textbook


2. Horngrens Accounting, The Financial Chapters

Read chapters 8 and 9. Electronic Resource


3. LIFO Media

View "LIFO Media." Electronic Resource


4. Cost of Goods Sold Demonstration

View "Cost of Goods Sold Demonstration." Electronic Resource


5. Flexible Budget Demonstration

View "Flexible Budget Demonstration."

Gradable Items Assignment

Details Module 4 Assignment

Points Possible 50.0

Complete the following exercises and problems in Excel: P8-22A P8-25A P9-28A P9-31A Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For

Gradable Items

Details

Points Possible

Discussion Question

example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 4 DQ 1 10.0 Consider your workplace (current or former) and identify any internal control procedures that you have seen implemented. Were they effective? Why, or why not? (If you do not have current or prior work experience, identify a place that you have observed internal controls in place, such as a store where you shop. Module 4 DQ 2 10.0 Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible.

Discussion Question

Quiz Participation

Module 4 Quiz

45.0 10.0 Duration: 7 days

Topic 5: Reporting and Interpreting Long-Term Assets Description: Objectives:

1. Distinguish between plant assets, natural resources, and intangible assets. 2. Identify costs related to long-term assets that should be capitalized. 3. Depreciate plant assets using multiple methods. 4. Account for the disposal of plant assets. Topic Material: Lecture Note
1. ACC-502 Lecture 5

Read Lecture 5.

Textbook
2. Horngrens Accounting, The Financial Chapters

Read chapter 10.

Gradable Items Assignment

Details Module 5 Assignment Complete the following exercises and problems in Excel:P10-32A P10-33A P10-34A

Points Possible 50.0

Discussion Question

Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 5 DQ 1 10.0 The cost of maintaining assets can be a challenge. How do you determine when and why to dispose of plant assets? What are the options for accounting for these dispositions? Provide examples to illustrate your response. You may not give examples mentioned in the text. Participate in follow-up discussion by adding to your classmates comments. Module 5 DQ 2 10.0 Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible.

Discussion Question

Quiz Participation

Module 5 Quiz

45.0 10.0 Duration: 7 days

Topic 6: Reporting and Interpreting Liabilities Description:

Objectives: 1. 2. 3. 4. Define key terms related to reporting and interpreting liabilities. Calculate interest costs related to notes payable. Journalize entries necessary to account for notes payable. Describe the treatment of payroll liabilities.

Topic Material: Lecture Note


1. ACC-502 Lecture 6

Read Lecture 6. Textbook


2. Horngrens Accounting, The Financial Chapters

Read chapters 12 and 13. Electronic Resource


3. Inventory Valuation Demonstration

View "Inventory Valuation Demonstration." Electronic Resource


4. Depreciation Demonstration

View "Depreciation Demonstration."

Gradable Items Assignment

Details Module 6 Assignment Complete the following exercises and problems in Excel:P11-26A P11-27A P14-30A P14-31A

Points Possible 50.0

Discussion Question

Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 6 DQ 1 10.0

Find the financial statements of a publicly traded company and review its liability section of the balance sheet. What liabilities are included? What is the mix of current and longterm liabilities? What is the companys current ratio and debt ratio, and what do these ratios tell us about the company?

Gradable Items Discussion Question

Details Module 6 DQ 2

Points Possible 10.0

Quiz Participation

Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible. Module 6 Quiz 45.0 10.0 Duration: 7 days

Topic 7: Partnerships and Corporations Description: Objectives:

1. Compare and contrast partnerships and corporations. 2. Explain how stockholders equity is shown on the corporate balance sheet. 3. Calculate Earnings per Share (EPS). Topic Material: Lecture Note
1. ACC-502 Lecture 7

Read Lecture 7. Textbook


2. Horngrens Accounting, The Financial Chapters

Read chapters 12 and 13. Electronic Resource


3. Effective Interest Demonstration

View "Effective Interest Demonstration."

Gradable Items Assignment

Details Module 7 Assignment Complete the following exercises and problems in Excel: P12-26A P12-31A P13-37A

Points Possible 50.0

Gradable Items

Details P13-38A

Points Possible

Discussion Question

Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 7 DQ 2 10.0 Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing your tips for understanding materials, when possible.

Discussion Question

Module 7 DQ 1

10.0

Find the financial statements of a publicly traded company and review its stockholders equity section of the balance sheet. Does the company have common stock? Preferred stock? Treasury stock? Do you see anything unusual in this section of the balance sheet? Quiz Participation Module 7 Quiz 45.0 10.0 Duration: 7 days

Topic 8: Statement of Cash Flows Description: Objectives:

1. Identify the activities shown in the operating, investing, and financing sections of the statement of cash flows. 2. Evaluate a companys performance using the statement of cash flows. 3. Compute cash flow ratios to assess a companys financial health. Topic Material: Lecture Note
1. ACC-502 Lecture 8

Read Lecture 8. Textbook


2. Horngrens Accounting, The Financial Chapters

Read chapter 16. Electronic Resource


3. Cash Flows Demonstration

View "Cash Flows Demonstration."

Gradable Items Assignment

Details Module 8 Assignment Complete the following exercises and problems in Excel: P16-34A P13-37A

Points Possible 50.0

Discussion Question

Save the file using the filename LastnameFirstinitial.ACC502.M# where the # is the module number. For example, John Does homework for module 1 would be saved as DoeJ.ACC502.M1. Module 8 DQ 1 10.0

Find the financial statements of a publicly traded company and review its statement of cash flows. Of the companys cash flows from operating activities, investing activities, and financing activities, which ones are net cash inflows and which are net cash outflows? What does this indicate about the company? Do you see anything unusual in this statement? Discussion Question Module 8 DQ 2 10.0

Review the available materials for the chapters covered this week, including the lecture, reading, publisher materials, demonstration problems and exercises at the end of the chapters. After reviewing these materials and attempting the assignment for the week, what challenges did you face? Do you have any questions on the material? Participate in follow up discussion by helping your classmates and sharing

Gradable Items

Details your tips for understanding materials, when possible. Module 8 Quiz

Points Possible

Quiz Participation Grade Scale Letter Grade A AB+ B BC+ C F I W Policies

45.0 10.0

GPA Value

Minimum

Maximum

Interpretation of Level of Performance

93.0 90.0 87.0 83.0 80.0 77.0 70.0 0.0 0.0 0.0 0.0 0.0

100.0 92.99 89.99 86.99 82.99 79.99 76.99 69.99 0.0 0.0 0.0 0.0

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