Accounting 1A.

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

1. Describe the nature of the corporate form organization.

2. List the two main sources of stockholders’ equity.

3. List the major sources of paid-in capital, including the various classes of stock.

4. Journalize the entries for issuing stock, treasury stock, transactions, cash dividends and stock dividends.

5. State the effect of stock splits on corporate financial statements.

6. Compute and interpret the dividend yield on common stock.

7. Journalize the entries for corporate income taxes, including deferred income taxes.

8. Prepare an income statement reporting the following unusual items: discontinued operations, extraordinary items, and changes in accounting principles.

9. Prepare an income statement reporting earnings per share data.

10. Prepare financial statement presentations of stockholders’ equity.

11. Describe the concept and the reporting of comprehensive income.

12. Describe the accounting for investments in stocks.

13. Describe alternative methods of combining business and how consolidated financial statements are prepared.

14. Compute and interpret the price-earnings ratio.

15. Compute the potential impact of long-term borrowing on the earnings per share of a corporation.

16. Describe the characteristics of bonds.

17. Compute the present value of bonds payable.

18. Journalize entries for bonds payable, the purchase, interest, discount and premium amortization, and sale of bond investments.

19. Describe bond sinking funds.

20. Prepare a corporate balance sheet.

21. List basic financial statement analytical procedures.

22. Apply financial statement analysis to assess the solvency of a business and assess the profitability of a business.

23. Summarize the uses and limitations of analytical measures.

24. Describe the contents of corporate annual reports.

25. Describe the differences between managerial and financial accounting.

26. Evaluate the organizational role of management accountants.

27. Define and illustrate materials, factory labor, and factory overhead costs.

28. Describe accounting systems used by manufacturing businesses.

29. Describe and prepare summary journal entries for a job-order cost accounting system.

30. Use job-order cost information for decision making.

31. Distinguish between job order costing and process costing systems.

32. Explain and illustrate the physical flows and cost flows for a process manufacturer.

33. Calculate and interpret the accounting for completed and partially completed units under the FIFO method.

34. Prepare a cost of production report.

35. Prepare journal entries for transactions of a process manufacturer.

36. Use cost of productions reports for decision making.

37. Contrast just-in-time processing with conventional manufacturing practices.

38. Classify costs by their behavior as variable costs, fixed costs, or mixed costs.

39. Compute the contribution margin, the contribution margin ratio, and the unit contribution margin, and explain how they may be useful to managers.

40. Using the unit contribution margin, determine the break-even point and the volume necessary to achieve a target profit.

41. Using a cost-volume-profit chart and a profit-volume chart, determine the break-even point and volume necessary to achieve a target profit.

42. Calculate the break-even point for a business selling more than one product.

43. Compute the margin of safety and the operating leverage, and explain how managers use these concepts.

44. List the assumptions underlying cost-volume-profit analysis.

45. Describe budgeting, its objectives, and its impact on human behavior.

46. Describe the basic elements of the budget process, the two major types of budgeting, and the use of computers in budgeting.

47. Describe the master budget for a manufacturing business.

48. Prepare the basic income statement budgets for a manufacturing business.

49. Prepare balance sheet budgets for a manufacturing business.

50. Describe the types of standards and how they are established for businesses.

51. Explain and illustrate how standards are used in budgeting.

52. Calculate and interpret direct materials price and quantity variances.

53. Calculate and interpret direct labor rate and time variances.

54. Calculate and interpret factory overhead controllable and volume variances.

55. Journalize the entries for recording standards in the accounts and prepare an income statement that includes variances from standard.

56. Explain how standards may be used for non-manufacturing expenses.

57. Explain and provide examples of non-financial performance measures.

58. List and explain the advantages and disadvantages of decentralized operations.

59. Prepare a responsibility accounting report for a cost center.

60. Prepare responsibility accounting reports for a profit center.

61. Compute and interpret the rate of return on investment, the residual income, and the balanced scorecard for an investment center.

62. Determine the selling price of a product, using the total cost, product cost, and variable cost concepts.

63. Calculate the relative profitability of products in bottleneck productions environments.

Warren, Reeve, Duchac. Accounting (23rd edition). Southwestern Cengage Learning. 2009. ISBN-13: 978-0-324-66296-2. ISBN-10: 0-324-66296-3.

Warning: No other book will work. Any other edition of the textbook will not work. You will be asked to work problems from the 23rd edition, which are not the same as the previous editions of this text. This means the 22nd edition will not work.

Purchasing the working papers is optional for Ch. 13-25. However, I will also provide templates for you.

In the box below type, I have textbooks for ACCT 1B or I will have it by the end of the first week of class

One of the primary methods of contact in an online course is email. Your college is capable of extracting student names and email addresses from our registration system. The purpose of extracting this information is two fold. The information will be used by the instructor to remain in contact with the class in order to provide information necessary for the students' academic success. The information will also be used to send emails to the students from the college administration. The emails sent by the college administration will consist of links to course surveys which will be used to improve our online courses, important announcements for students, and links to college surveys, which will be used to satisfy requirements placed on the college by the California Community College Chancellor's Office. The college will not use this information to advertise any products and will not share student email addresses with any other organization.

In the box below type the following information:

As a student I understand it is my responsibility to ensure my email address is up to date in the registration system, and that failure to do so can seriously impact my ability to successfully complete my courses. Further, I consent to receive email communication from my instructor and from the college administration. This consent will remain in force until it is revoked in writing or I am no longer taking classes with the college. Upon submitting the syllabus, I agree to enter the registration system, check my email address and change it if necessary. I understand a tutorial is available to assist me with this procedure. I also understand I can contact 760-252-2411 x7236 to receive additional assistance if I encounter any difficulties when attempting to change my email address.

On-Campus Meetings & Proctor Statement:

There will be one on-campus meeting for the final exam. If you cannot attend the exam meeting, you will have to find an instructor approved proctor, for example, a librarian, or educational officer, and an approved site, such as a library or educational center, to take the exam. Friends or family members are not suitable proctors. Proctor information must be received by the end of the second week of class.

Exams:

There will be 2 exams in this course-a midterm and a final. The midterm will be available online. The final exam will be proctored (and online). You will need to have an approved proctor for the final exam. Each exam consists of 40 multiple choice questions. Both exams will be open-book, open-note. The exams will not be accepted late, unless you have had a major life event or have been approved for an extension.

Each week you will complete a discussion prompt or question, except during week 9. Posting to the discussion board is a requirement.

DISCLAIMER

The syllabus is not a contract between the student and the instructor. Rather, it is a guide to assignments and grades. If changes are made to the syllabus the instructor will provide as much advance notice as practical. STUDENTS ARE RESPONSIBLE FOR WITHDRAWAL FROM CLASS, IF THEY DECIDE NOT TO COMPLETE IT. DO NOT DEPEND ON THE INSTRUCTOR TO DROP YOU, IF YOU STOP ATTENDING OR PARTICIPATING.

In the box below type: I realize that a syllabus is not a contract between and instructor or student, but rather a tentative outline of the course material.

ONLINE INSTRUCTIONS

YOU MUST FILL OUT THIS SYLLABUS IF YOU INTEND TO TAKE THE COURSE!

It is your responsibility to make sure the instructor has the all the contact information stated at the top of this syllabus by the start of classes!! It is your responsibility to email the instructor if you have any problems or do not understand this syllabus.

It is your responsibility to confirm your enrollment either via the Internet at http://bcregweb.barstow.edu/  or by calling (760)252-2411 x7236 if you are having problems accessing the course material. After you have confirmed your enrollment go to http://www.bcconline.com/orient/ and read the password link. Following this procedure will ensure you are helped in the fastest manner possible.

By enrolling for this class, the assumption is that you possess the necessary skills to read at the college level, to enter and perform research on the internet, to email using proper email etiquette, and to post to the discussions.

When emailing your instructor: (tpeak@bcconline.com) include your full name. Send all email with the name of the course in the subject line and Lesson # or the words: problem, question or comment. Sign all email with your name as registered at school, or else you will not receive a reply and your assignment will not be graded.

You must briefly explain situation in the subject line, i.e., ACCT 1B-- Position Paper-- Problem. Email without an appropriate subject line will be deleted and will not be read. With the current high incidence of viruses and unsolicited email, I automatically delete all email without appropriate subject lines.

Remember I do not usually answer email on the weekends, so 48 hours response time do not include Fridays, Saturdays, Sundays and holidays. If an email stating problem, help, or question in the subject line is sent on Monday through Thursday you can expect a response within 24-48 hours. If an email stating problem, help, or question in the subject line is sent on the weekends there may be a longer turn around time.

Assignments will have a one week turnaround time, and you should not expect an answer to a successfully submitted and completed assignment before the end of the one week turnaround time period. Receiving graded assignments before the above stated timelines have passed does not guarantee that you will receive replies as quickly in the future.

A posting place at the top of the discussion page indicates the instructor’s message board to you. Be sure to check this each week so that you don’t miss messages and clarifications; remember that sometimes no instructor posting will have been made. Students are not to post in the instructor's posting area. Should you have a concern with your class please email me your question. It is not appropriate for students to post their concerns in the instructor's posting area. Students who post in the instructor's posting area will receive a warning and their posting will be deleted unanswered. Students who ignore the warning and post again to the instructor's posting area will be dropped from the class.

At the conclusion of the class students may find out their grades by going on the internet at http://bcregweb.barstow.edu/ I do not email or post student grades and will not respond to inquiries about grades at the conclusion of the course.

In the box below type, I understand and agree to abide by the online instructions written above.

You will not officially start this course until after you have completed the orientation sessions at http://www.bcconline.com/orient/. No work should be completed until AFTER you have reviewed the orientation area. The orientation area will answer many frequently asked questions about online instruction and also provides tutorials on common problems students encounter while doing online courses. If you are experiencing technical difficulties and/or need to learn how to use our courseware you should first check the orientation area to see if it answers your technical question. If your technical question is not answered on the website you may then email the webmaster@bcconline.com  with your question.

If your question pertains to class materials you should email tpeak@bcconline.com. The webmaster cannot answer course related questions, and the instructor does not answer technical questions. Remember that you must state your full name, problem, question or concern and your class name in the subject line when asking a question.

In the box below type, I understand there is one physical meeting for this course (the final). If I am unable to take the midterm or final on the main campus, or at Barstow College's Ft. Irwin site, I understand it is my responsibility to find a proctor and completely fill out the proctor from. I understand I must fill out the syllabus in order to complete this course and that completing the online orientation before beginning my course work is mandatory. I realize that I should email the instructor with any class related questions. I also understand that I should first check the orientation area for answers to my technical questions and can email the webmaster@bcconline.com my technical questions ONLY after checking the orientation area for the answer to my question first.

There are several requirements in order to take the class:

An Internet browser to access web pages. Netscape 3.0, Internet Explorer 3.0 or the equivalent is the minimum.

An email address to receive class materials. A free email account such as Yahoo is acceptable.

The ability to structure your own time to do the readings, weekly assignments and be prompt. There are no make-ups. Be sure to schedule the exams in your personal scheduler. The exams are a significant portion of your grade.

The ability to create and submit college level written materials. Facility with using email, the discussion groups, the web, and word processing. If you do not have Internet access you may use the computer lab on campus; be sure to check times available for each lab to coordinate with your schedule.

In the box below type, I understand and have the ability to meet the requirements listed above. Further I have the necessary materials to complete this course.

Online classes are administered under the Distance Education division and as such there are no regular class meetings. Sometimes the terminology and/or the breadth of the class may seem to be daunting or overwhelming to you. If so, you may request a tutor by clicking on the email address below.

In the box below type, I understand I may contact bctutorial@bcconline.com if I need to have a tutor for this course.

Disability Statement: 

If you have a disability which may impact your success in this course, you may contact the Office of Student Support (OSS) to arrange any reasonable accommodations and supports to which you are entitled. It is the responsibility of the student to initiate these procedures. The OSS department can be contacted by calling 760-252-2411 x7225 or 760-252-6759 TTY/TDD or emailing oss@bcconline.com.

In the box below type: I understand that if I have or suspect I have a disability I can contact the OSS program at the number or email address listed above and request reasonable accommodations. Further I realize it is my responsibility to contact the OSS department.

 

After filling out this form, copy the confirmation page and send it via email to tpeak@bcconline.com.