course syllabus principles of accounting (x 1a ... of accounting ... (10 points per chapter, 12...
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Representative: Tiffany Canton Phone: (310) 206-1304 Email: [email protected]
COURSE SYLLABUSCourse Title:
Quarter: Meeting Times: Location: Instructor:
Office Hours:
Principles of Accounting (X 1A) Accelerated Program Summer of 2016— June 25nd to July 30th
Saturdays, 8:30 a.m. to 4:30 p.m. Extension Gayley Center, 1145 Gayley Ave., Westwood - Room 131 Frances Ellington, CPA & MACEmail address: [email protected] the end of class
COURSE DESCRIPTION: This course is the first in a 2-course Principles of Accounting sequence and provides an introduction to accounting theory, principles, and practice. Instruction covers the uses, communication, and processing of accounting information, as well as the recording, analyzing, and summarizing procedures used in preparing balance sheets and income statements. Additional topics include accounting for purchases and sales, receivables and payables, cash and inventories, plant and equipment, depreciation and natural resources, intangible assets, and payrolls. Sole proprietorships and partnerships also are examined. Recommended course for students planning to enroll in the Accounting, Finance, or Taxation Certificates. Required course in the Business Fundamentals and Business Administration Certificates.
Course Prerequisite: None
GOALS AND OBJECTIVES: Upon completion of this course, the student should be able to:
1. Understand the basic accounting equation and basic accounting cycle.2. Apply the basic accounting equation with journal entries and general ledger postings.3. Prepare and interpret income statements, statements of owners’ equity, and balance sheets.4. Analyze, journalize, and account for all transactions related to the course topics.5. Understand Generally Accepted Accounting Principles (GAAP).
REQUIRED READING: Course Text: Accounting Principles
Weygandt, Kimmel, and Kieso
12th Edition
ISBN-13: 978-1-118-87506-6
GRADING: There will be a maximum of 820 available points to be earned in class. Letter grades will be determined based on the percentage of points scored. Below is both the scoring grid for this class, and an average of grading from past classes, including Intermediate Accounting:
Letter Grade: Score You Need: Percent of Previous Classes:
A 90% or better 34% of class
B 80% to 89% 39% of class
C 70% to 79% 22% of class
D and below below 70% 5% of class
120 points300 points400 points
The 720 maximum points will be comprised of the following: Homework (10 points per chapter, 12 chapters)Midterm Exam--Covers Chapters 1 through 5Final Exam--Covers Chapters 6 through 12Total 820 points
Homework exercises are graded based on completion and a hard copy is due at the beginning of each respective class session. Please note, no late homework is accepted. If you would like to take notes on the correctness of your homework, make sure to bring a second copy for class discussions.
The exams are in-class and “closed-book”. Calculators are allowed, but not “smart” phones. Make-up exams are only allowed based on documented emergencies, and must be taken during normal business hours in Westwood (Monday through Friday between 9:00 a.m. and 5:00 p.m.) within one week of the scheduled exam date, subject to Representative availability.
All grades are final, and your final grade will be posted at http://www.uclaextension.edu. [Note:
grades are not viewable through Canvas.]
STUDENT RESPONSIBILITIES: This is an accelerating class, with a limited number of sessions, homework assignments and exams. However this means that:
Reading each and every chapter is important
Attending all 5 class sessions is critical
Completing all homework assignments is crucial
UCLA EXTENSION REPRESENTATIVE You may contact our UCLA Representative, Tiffany Canton, if you have any questions by phone at
(310) 206-1304, or by email at [email protected].
COURSE OUTLINE (subject to change)
Date Topics Homework Assignments
Prior to
June 25th Pre-Class Assignments Read Chapters 1, 2 & 3 (& 4 optional)
Week One
June 25th Introduction & Class Structure
Lectures on Chapter 1 (Accounting in Action),
Chapter 2 (The Recording Process),
Chapter 3 (Adjusting the Accounts), and
Chapter 4 (Completing the Accounting Cycle)
Read Chapters 4, 5 & 6
Complete E 1-8 and 1-9 Complete E 2-7 and P 2-2A
Complete E 3-7 and P 3-2A
Complete E 4-4
Week Two
July 9th Chapter 1-4 Homework Solutions
Lecture on Chapter 5 (Accounting for
Merchandising Operations)
Lecture on Chapter 6 (Inventories)
Midterm Exam Review
Read Chapters 7, 8 & 9
Read Chapters 10, 11 & 12 Complete P 6-1A and 6-3A
Complete E 5-2, 5-13 and 5-17
Study for Midterm Exam
Week Three
July 16th Chapter 5 Homework Solutions
Midterm Exam (Ch. 1-5)
Lectures on Chapter 7 (Accounting Information
Systems), Chapter 8 (Fraud, Internal Controls
and Cash), and Chapter 9 (Accounting for
Receivables)
Complete E 7-4, P 7-1A and 7-3A
Complete E 8-7 and P 8-3ACompete P 9-1A and 9-3A
Week Four
July 23rd Midterm Exam Results
Chapter 6-9 Homework Solutions
Lectures on Chapter 10 (Plant Assets), Chapter
11 (Current Liabilities and Payroll Accounting),
and Chapter 12 (Accounting for Partnerships) Review for Final Exam
Course Evaluation
Complete E 10-6, 10-7 and 10-9 Complete E 11-11 and 11-13
Complete E 12-4 and P 12-2A
Study for Final Exam
Week Five
July 30th Chapter 10-12 Homework Solutions
Final Exam (Ch. 6-12)
None