St Charles Community College
Course Outline – Fall 2005
ACT101, APPLIED ACCOUNTING (SEC 2), 3 CREDIT
Meets Monday and Wednesday 11:00-12:50 (Room-CC106)

Instructor: Ms. Anna Boulware
Work Phone: 636-922-8328
E-mail: aboulware@stchas.edu
Office Location: Tech Building Room 205
Office Hours: M,W 8:25-8:55am and 2:30-3:30pm
T,R 8:25-9:55am or by appointment.

REQUIRED COURSE MATERIALS:
Text: College Accounting, Chapters 1-16 Custom Edition 18th ed., Heintz/Parry
Working Papers
Accounting Workbook for Peachtree 2004 w/CD, Donna Ulmer
Other: Jump drive (64MB or 128MB)
Students need to bring a calculator and a RED Pen to class

CATALOG DESCRIPTION: Introduce the student to the accounting cycle. Basic concepts covered include double-entry bookkeeping and an examination of income, expense and balance sheet statements. Cash receipt, cash disbursements, accounts receivable and accounts payable are emphasized. Intended to be the first accounting course for students who have not taken high school accounting and/or have no accounting experience. This course also meets the prerequisite requirement for Financial Accounting I.


COURSE OBJECTIVES:
Upon successful completion of this course, the student will be expected to:
Write the definition of accounting and list the main steps of the accounting cycle.
Using a computer, record basic business transactions and print a set of financial statements.
Prepare a worksheet for a small business.
Using information on a worksheet or trial balance, prepare the financial statements for a small business.
Prepare a bank reconciliation in proper form.
Compute and record payroll for a small business


PURPOSE OF THE COURSE:
To provide an understanding of principles and practices of double-entry bookkeeping and basic accounting and to form a foundation for further study.

HOMEWORK ASSIGNMENTS
:
One problem from each of the assignments listed below will be collected for grading. (The instructor will request the problem at the beginning of class.) Assignments will be due on the day following completion of each chapter which is normally the day a new chapter is begun.The instructor will announce at the beginning of class which problem/exercise will be collected so it is in the student's best interest to do all of the assigned problems because you will not know which problem is going to be requested. In order to receive credit for a completed assignment, the student must have completed all of the selected exercise/ problem, and have it ready for submission at the beginning of class. Late assignments will receive no credit. These assignments will be returned to the student the next class day.

SCHEDULE:

Date DUE

Chapter

Homework Assignment

Due Wed, 8/24

Chapter 1

Answer Review questions 2,4,6,9 and 10 on pg 13.

Due Wed, 8/31

Chapter 2

1A pg 39, 9A, 10A, 11A, 12A, 9B

Due Mon, 9/12

Chapter 3

5A pg 76, 6A, 7A, 13A 14A, 15A

Due Mon, 9/19

Chapter 4

4A pg 118, 5A, 6A, 9A

Begin 10/19 and Due Mon, 9/26

*Peachtree
Charms Consulting

Meet in Tech 203—Bring jumpdrive to save your work.
#1
Using Peachtree complete computerized problem #1 Print reports listed and hold for later submission.

Due Mon, 10/03

Chap 5

4A pg 154, 5A, 6A, 7A, 13A, 14A, 15A

Due Mon,10/10

Chap 6

5A pg 200, 6A, 8A

Begin 10/10 and Due Wed, 10/19

Comprehensive prob #1 (70pts)

In text Comprehensive problem pg 217, Period 1 only. USE Working Papers pgs 195-209. (Use pencil, be neat.) Turn in at Mid-term on 10/19. Hint-You can check your work using Personal Trainer.

Begin 10/17 and Due Mon, 10/24

Meet in TECH 203 10/17)*Peachtree Ch 5-6 (40pts x 2 = 80pts)

Meet in Tech 203-- Bring jumpdrive to save your work.
#3
Using Peachtree complete Hillary’s Doos . Print reports and hold for later submission 10/24
#4 Using Peachtree compete Cruises Acting Academy. Print reports and hold for later submission 10/24

Wed, 10/19

**MID TERM EXAM

Chap 1-6 . Also, turn in Comprehensive Problem (first period only) in working papers pgs 195-209. (70 pts)

Due Mon 10/24

 

***Turn in Peachtree computerized problems 5-15A and 6-8A (Make sure to turn in ALL required reports! (2 x 40 pts each = 80 pts)

Due Mon, 10/31

Chap 7

6A pg 251, 8A, 9A, 10A

Due Mon, 11/07

Chap 9 and 10

 

Due Mon, 11/14

Chap 11

10A pg 404 and 10B pg 409

Due Mon, 11/21

Chap 12

4A pg 441, 11A, 11B

Due Mon, 11/28

Chap 15 (Read Pgs 550-554,

Chap 15-1A pg 573, 2A, 3A

 

Due Mon, 12/07

Chap 16 (Read pgs 596-602 & 606-608 only.)

Chap 16-3A pg 624, 4A, 8A req 1-4 only

Review Self study questions on pgs 621-22

Due Mon, 12/12

Comprehensive Prob #2 (70 pts)

In text Comprehensive problem #2 pg 640, Period 1 only. DO BY HAND in Working Papers pgs 659-683. (Use pencil, be neat.) Hint-You can check your work using Personal Trainer. Turn in problem at Final on 12/12

Mon 12/12

COMP. FINAL EXAM

11:30-1:30pm CC106.

 

EVALUATION:

 

8 unannounced quizzes (3 team & 5 individual) (25 pts each)

200 points

2 multiple chapter exams (300 pts each)

600 points

3 Peachtree computerized problem assignments (50 pts each)

150 points

12 homework assignments (20 pts each)

240 points

2 Comprehensive problems (70 pts each)

140 points

Total

1,330 points

Grading Scale A= 90% B= 80% C= 70% D= 60% F= Below 60% of 1,330 pts


EXAMINATIONS:
All students are expected to take exams when they are scheduled. However, sometimes emergencies develop that will make this impossible. If you are unable to take an exam during the regularly scheduled class time, you can make up the exam. Students are allowed to make up one exam only.
All make-up examinations will be administered The Assessment Center, room 1206 in the ADMIN building. (Call for the Center’s hours ext 8598.) If possible, the student should get prior approval from the instructor before the regularly scheduled exam in order to receive permission for an exam make-up. This means that students should call the instructor in advance of the scheduled exam time to make alternative arrangements for rescheduling the exam.
STUDENTS HAVE A MAXIMUM OF ONE WEEK TO MAKE-UP AN EXAMINATION FOLLOWING AN ABSENCE. Extraordinary circumstances that may require an exception to this policy will be evaluated on a case-by-case basis by the instructor. It is recommended that the student provide the instructor with a note from his or her doctor attesting to an illness or other medical condition.
****Exams will be graded and returned within two class periods following the exam.

UNANNOUNCED QUIZZES:
Short unannounced quizzes of 10-15 minutes duration in length will be given periodically covering the current chapter. These quizzes must be taken during the class period in which they are given. Sorry-NO MAKEUP QUIZZES ARE PERMITTED.

ATTENDANCE:
Roll is taken at each class meeting. Students are expected to attend all classes. If a student is ill or has some other reasonable excuse, the instructor should be contacted prior to class. If it is not possible to reach the instructor, then leave a message on e-mail or with the instructor’s voice mail. Any student that does miss a class should contact a fellow student to get assignments and class notes.

EXTRA CREDIT:
Periodically extra credit exercises will be assigned. These must be turned in on time to receive credit. Most extra credit will be assigned via e-mail. (I strongly encourage students to get an email account in order to facilitate stronger communication between you and myself.)

ADDITONAL NOTES:
Having good writing skills and possessing effective computer skills are essential in today’s business/accounting environment. In order to strengthen these skills, assignments have been chosen to help the student exercise his/her ability to write and to think critically. In addition, chapter homework assignments will include utilizing some computerized general ledger software included with the text.

STUDENTS WITH DISABILITIES:
The college has an Office of Accessibility Services which guides, counsels and assists students with disabilities. It is located in room 1206 of the ADMIN blding. It is your responsibility to discuss with the instructor during the first week of class anything needed to help you succeed. If you have special needs, please call Pam Bova (922-8247) in the Office of Accessibility Services so that your eligibility for services can be determined.

ACCOUNTING LAB:
We will be scheduled to meet during class at least twice during the semester in Tech 203, the business and accounting lab. However, additional time will be needed on the computer in order to complete the necessary computerized assignments. Alternate computer labs available are in Tech 116 or the Ace Center (located in the library). All computer software required for the completion of the computer problems in the textbook are provided with the Peachtree workbook/cd. In addition, the Peachtree software will be available in these labs as well


**LAST DAY TO DROP A CLASS AND RECEIVE A “W” IS October 28th. It is the student’s responsibility to drop a class. Non-attendance does not constitute a drop.