GEORGIA PERIMETER COLLEGE 30739 ACCT 2101 006 PRINCIPLES OF ACCOUNTING I: FINANCIALLinda Mullins, Assistant Professor of Accounting iCollege E-mail: lmullins E-mail: Linda.Mullins@gpc.edu (use only if iCollege is down)

REQUIRED TEXT: Accounting: Tools for Business Decision Making with WileyPlus 4th Edition, Kimmel/Weygandt/Kieso, Wiley Publishing ISBN: 9781118123409 WileyPlus URL: http://edugen.wileyplus.com/edugen/class/cls251809 (EASIER YETEnter using the icon on the course homepage) Virtual Office Hours: TR 6 pm 10 pm and M 2 pm 5 pm. Always check for me online with Whos Online. I am usually online about 20-25 hours per week. Just invite me to chat! (See instructions below in 4c.) WELCOME TO ACCT 2101!!! Before jumping in with both feet, please read the following. This will seem quite lengthy, but I compare this to a legal contract. In order to have what is expected of you binding, you must see it in writing. Some of these comments you might wonder why they are listed. If it is here, it is because a "situation" has presented itself in the past. It's like reading the instructions/warnings on products you purchase. Example: A bag of charcoal has the warning that the product should not be used to grill indoors. A shock collar for a dog has a warning not to use on a human. If you never thought of grilling with charcoal indoors or putting a shock collar on your neck to see if it really works, then all of the points listed below will just be helpful information and be happy to know what to expect up front in this class. I will know if you actually read this by the questions you ask. If your question is answered below, I will send a return email for you to review the syllabus. Reading and following instructions are major points for your success to any class. 1. If you have not taken an online class before at GPC, do the online orientation, which can be accessed at the "My iCollege" home page. Many times students miss information about the class because they do not understand the icons in iCollege. This is a short instructional video full of useful information. THIS IS A MUST FOR FIRST TIME ONLINE STUDENTS!!! DO A BROWSER CHECK!!!A 2. Print this syllabus and the course due dates. These are very important!!! Mark all course due dates on a calendar, PDF, refrigerator, etc. A deadline is just that. So many

questions are asked that can be answered by reading the syllabus. I plan to teach you accounting, not how to read. Print this syllabus and the course due dates. 3. Every time you enter the course, check the icons representing your grades, class announcements, discussions, and e-mail. These are all located on the course toolbar or course homepage. THIS IS VERY IMPORTANT SINCE THESE WILL BE THE MAIN CLASS COMMUNICATION TOOLS. ALWAYS CHECK THE CLASS HOMEPAGE, SYLLABUS AND CALENDAR TOOL FOR DUE DATES!!! 4. Communication will be by three methods. a. iCollege e-mail will be answered within 24 hours during the week and 48 hours on the weekends and holidays. Please use correct grammar. b. Built into each learning module is a discussion for homework help. Any questions that you post should be for that specific learning module/chapter. I will monitor and participate in the discussions. All submissions are to be G-rated, correct grammar, and not derogatory. c. Anytime that I am online, you may send me an instant message. From my tools, click on whos online. You may send anyone an instant message (their status must be visible/available) by checking the box in front of their name and clicking send chat invitation. You will see me online a lot! Since most of you work or take other classes, I tend to concentrate my online hours to the evening. If there is a better time for you, just send me an email. If the class would like to have a class chat session, that option will be available throughout the semester. Please use correct grammar

5. An online class is alternative to a face to face class. It gives you the freedom to set your class time. It does NOT mean there are not deadlines. This class should not be taken: 1) by procrastinators, 2) by those not computer savvy or have an unreliable Internet connection, 3) because this was the only class available to take, or 4) because it will be easier and less work than a face to face class (it is not). For any class, you should allow two to three hours per credit hour per week for study time. Remember that this is an eight week class so it is twice the amount of coverage in half the amount of time. Procrastination is the enemy! Procrastination on your part does not mean an emergency on my part. 6. This course is paced to cover one chapter every week.. The individual chapters are in the Course Content icon. Each chapter will have a Learning Module. Included in each chapter's learning module will be the following: Power Point (print) For more than one slide per page, select handouts from the print screen and then the number of slides you want per page. Camtasia lectures are the power point lectures with me talking. If you have checked your browser compatibility and all is well, then all you need to do is click on that selection. A screenplay window will appear. You will hear me talk and within 30 seconds you will see the power point slides. You may stop, forward,

reverse, etc. just like any other flash clip. The lecture may be in two to six parts, depending on the complexity of the material. Remember!!!! I am a professor, not a voice over actress. This is as close as you can get to a face to face class, while sitting at home. Please take advantage of this option. Chapter outline. Use while you read the textbook to add information to the given outline. A discussion icon for any questions about that chapter is listed. You may access the discussion area through the individual learning modules or the discussion icon (push pin). Each learning module lists the ungraded and graded homework. The homework is in WileyPlus, not iCollege. The due dates and time, always 10 pm, for the graded homework are located in the course calendar and WileyPlus. All graded homework has unlimited attempts. Make sure you allow enough time to do the ungraded homework first and then the graded. If you start your graded homework an hour or two before the deadline, you will defeat the purpose of unlimited attempts. After the deadline, you will not be able to access the graded homework. Again, do not procrastinate! There is no extra credit for homework. The quiz assessment, as noted in the syllabus, is listed in each learning module in iCollege, not WileyPlus. Make sure you review the 'extra points' and deadlines (date and time, always 10 pm) listed in point eight. You will NOT be able to access the next chapter's course content until the current chapter's quiz is completed. Upon completion, your grade (without the extra points) will be sent to you and then the next chapter will be available the next time you enter the course content. I must manually update the extra points which I do every week. You do not send an email about this adjustment.

YOU WILL NOT BE ABLE TO ACCESS THE NEXT CHAPTER UNTIL THE CURRENT CHAPTER'S QUIZ HAS BEEN COMPLETED. 7. It is your responsibility to make sure your computer has all the requirements to support iCollege. DO A BROWSER CHECK FROM THE ICOLLEGE HOMEPAGE ASAP!!! Make sure you have checked your computer for pop-up blockers, spy ware, viruses, firewalls, reliability of your server and anything else that will affect your computer. THIS IS NOT A REASON TO MISS A DUE DATE OR TEST. ALWAYS HAVE A BACKUP IN MIND. Know your backup plan BEFORE your computer/internet server has issues. Any problems with iCollege are to be reported to the iCollege Help/Support, which is located under the banner of Campus Bookmarks on the iCollege homepage. ONLY PROBLEMS WITH GPC'S SUPPORT OF iCOLLEGE WILL BE AN EXCUSE FOR NOT BEING ABLE TO ACCESS THE CLASS OR SUBMIT REQUIREMENTS, INCLUDING TESTS.

8. Each chapter will have a ten question multiple choice quiz located in the chapters course content in iCollege, not WileyPlus. These quizzes are open book. You will have one hour to take each quiz. This time will be a continuous sixty minutes. Only one attempt is allowed per quiz. The quiz must be completed in order to move on to the next chapter. If the quiz is completed by the 'extra points date and time (always 10 pm)' as listed on the calendar tool you will earn an extra 20 points. This is to emphasis how important it easy to stay on track. The extra 20 points is a manual adjustment. Please do not e-mail me after taking a quiz, since I will add the extra points as time allows. If you chose not to take the quiz by the due date and time, (always 10 pm) to earn the extra 20 points, the quiz is still open until the day BEFORE the test over that chapter. If you do not take the quiz by the day BEFORE the test, your quiz grade will be adjusted appropriately to a zero. 9. A portion of homework will be graded. All homework is listed in WileyPlus and on the syllabus. Due dates and time, (always 10 pm) for graded homework are listed in WileyPlus and the course calendar. You have unlimited attempts to hone your skills. There is no extra credit on the homework. Late graded homework is not accepted. ALL HOMEWORK IS TO BE DONE IN WILEYPLUS. WileyPlus uses different numbers than the exercises and problems at the end of each chapter. You will have three attempts to do each assignment. Correct answers will be highlighted in green and incorrect answers will be highlighted in gray. WileyPlus has specific instructions about listing accounts in order of magnitude, the number of decimal places, etc. Make sure you read the instructions! Otherwise WileyPlus will tell you the answer is incorrect and deduct points. This might also cause you confusion about doing the homework. 10. Although tests are necessary to show the competency of your performance, a 'handson' project to demonstrate these skills is most useful. All dates associated with the project are listed below and on the course calendar. The project will include questions and ratios about a corporations annual report. Groups and corporations are chosen at random by the professor. 11. Tests, or Celebrations of Knowledge as I prefer to call them, are only given on the dates specified in the syllabus. Tests include multiple choice and problem solving.Tests are available from 12:01 am to 11:59 pm. NO EXCEPTIONS. TESTS ARE CLOSED BOOK/NOTES. This means that you are on the honor system. I regard ethics and morals as standards at all the time. Cheating will only hurt you in the future. (The tests are timed that you have enough time to do the problems and double check your answers. A word to the wise...if you plan to read an example, figure out how to answer the problem, and then submit your answer, you will not have time to finish the test. The individual test questions have several different problem scenarios...don't rely on a friend in the class to give you their answers. I change the questions every semester.) You will have three hours to take each test. This time will be a continuous three hours. Everything that you want me to see when I grade your test must be submitted in your test, not a separate email, spreadsheet, etc. ALL ANSWERS SUBMITTED AFTER THE THREE HOURS ALLOTTED WILL NOT BE GRADED. Only one attempt is allowed for each test. You may replace your lowest test grade with your final exam grade, but not the reverse.

The final exam is more difficult than the tests since it is all multiple choice and comprehensive. 12. A week before every test, a study guide and sample test will be available in WileyPlus. This is not mandatory, but it is important since it is extra credit, up to ten points, to be added to your actual test and the sample type of problems are on your actual test. 13. The final exam is only give on the date specified. The final exam is available from 12:01 am to 11:59 pm. NO EXCEPTIONS. You will have two continuous hours to take the exam. ALL ANSWERS SUBMITTED AFTER THE TWO HOURS ALLOTTED WILL NOT BE GRADED. Only one attempt is allowed. The final exam is 55 multiple choice questions. You may use the final exam study guide outline that will be posted on the course homepage which is to be filled out by you. It is not necessary for you to do; it is just meant to be helpful. 14. To exempt the final exam you must achieve the following: 90+% quiz average, 90+% homework average, 90+% on the project, and 100+% on EACH test.

15. GRADE COMPOSITION/GRADING SCALE: (Let's get to what really matters!) Tests (3 @ 17% each) 51% Final Exam 17% Quizzes (11 @ 1% each) 11% Graded Homework (11 @ 1% each) 11% Project 10% I only calculate the grade you earn. Do not ask for extra credit because you did not do something or did it poorly. I do not believe in grade inflation. A 90+ B 80-89 C 70-79 D 60-69 F below 60 16. BEFORE STARTING CHAPTER 1, YOU MUST COMPLETE THE SYLLABUS QUIZ. YOU WILL HAVE MULTIPLE ATTEMPTS TO ACHIEVE 100%. YOU MUST SCORE 100% IN ORDER TO HAVE ACCESS TO CHAPTER ONE IN THE COURSE CONTENT ICON. THIS IS AN IMPORTANT QUIZ EVEN THOUGH IT WILL NOT BE GRADED, IT IS NECESSARY FOR UNDERSTANDING THE COURSE. AFTER COMPLETING THIS, THE COURSE CONTENT ICON CONTAINING THE CHAPTERS AND ASSIGNMENTS WILL

APPEAR ON THE COURSE HOME PAGE. AS YOU COMPLETE THE QUIZ FOR EACH CHAPTER, THE NEXT LEARNING MODULE WILL APPEAR. 17. iCollege has maintenance every other weekend from 10:00 pm on Friday to 7:00 am on Saturday. This is listed on the weekly and daily schedule on the course homepage. If you are taking a quiz, doing homework, etc., iCollege will terminate your session. You will not be able to enter into the quiz when iCollege is done with maintenance. Your grade will be for what was completed when maintenance began. This is why the deadline for all of your graded homework and quizzes for extra credit are due at 10 pm. 18. Special Flu Policy: In compliance with Centers for Disease Control recommendations, students should NOT attend class or any public gatherings while ill with influenza. Students with flu symptoms should not come to campus and should remain at home during recovery. The illness and self-isolation period will usually be about a week. It is very important that individuals avoid spreading the flu to others. Students will be given a reasonable opportunity to make up missed work. Students with the flu do not need to provide a physician's certification of illness. However, ill students should inform their instructor by submitting the GPC Illness Notification Form as soon as possible that they are absent because of the flu or flu-like symptoms: http://www.gpc.edu/absence. Students who are absent because of illness will have a reasonable opportunity to make up missed work. Generally, it is inappropriate to substitute for the missed assignment the weighting of a semester's work that does not include the missed assignment or exam. Completion of all assignments and exams assures the greatest chance for students to develop content mastery and to achieve the best overall course average. The opportunity to complete all assignments and exams supports the college's desire to enable students to make responsible situational decisions, including the decision to avoid spreading a contagious virus to other students, staff, and faculty, without endangering their academic work. The most effective strategies for avoiding the flu are hand-washing along with cough and cold etiquette procedures. In the event that this course is no longer able to meet face-to-face for a period of time because of a wide-spread health emergency, students should continue to stay current with our schedule as posted in this syllabus. During this time, students will only be responsible for the material in the textbook (or posted on iCollege) and not for any additional material that would only have been presented in class. If we have an exam scheduled during this period of time when face-to-face meetings are suspended, the exam will be postponed until after classes resume. Information about the status of assignments and other course work due during this period will be addressed on the course iCollege site and by way of GPC email. This same notification system will also be used to announce any changes to the currently expected course of action. For additional resources, here is a link to the GPC libraries page: http://www.gpc.edu/library/index.htm. The following is a suggested schedule which will enable you to meet the homework deadlines, earn extra quiz points, and be proficient to do well on the exams. (All due

dates are listed in the calendar tool.) All dates and/or assessments may change due to unforeseen circumstances. 1/9-1/11 Chapter 1 Introduction to Financial Statements

1/12-1/13

Chapter 2 A Further Look at Financial Statements

1/14-1/17

Chapter 3 The Accounting Information System

1/18-1/20

Chapter 4 Accrual Accounting Concepts

Chapter 1 2 3 4 1/21 Review for Test #1

Ungraded HW BE1-9, E1-8 E2-5 E3-3, E3-9 E4-8, E4-10

Graded HW BE1-8, P1-3A (part a only) P2-3A P3-5A P4-8A (parts a-g only)

1/21

Sample Test #1 due at midnight

1/22

TEST Chapters 1-4

1/23-1/25

Chapter 5 Merchandising Operations and the Multiple-Step Income Statement Chapter 6 Reporting and Analyzing Inventory Chapter 8 Reporting and Analyzing Receivables

1/26-1/28 1/29-1/31

2/1 MIDPOINT OF COURSE All withdrawals must be completed by today. Faculty and staff CANNOT originate withdrawals. Any student who does not withdraw and does not do the necessary course work will be given an 'F'. Logging into an online class once constitutes attendance and students must formally withdraw by today.

2/1-2/3 2/4

Chapter 9 Reporting and Analyzing Long-Lived Assets Start of Group Project: Instructions on the course Homepage Chapter 5 6 8 9 Ungraded HW E5-4, E5-13 E6-1, E6-5 E8-3, E8-5, E8-7 BE9-3, BE9-7, BE9-13, BE9-14 Graded HW P5-2A, P5-9A (part a only) P6-1A, P6-3A P8-1A, P8-8A E9-18, P9-3A, P9-8A

2/4 2/4 2/5 2/8 2/6-2/9 2/13

Review for Test #2 Sample Test #2 due at midnight TEST Chapters 5, 6, 8, and 9 Group Project Postings for questions 1-20 due by 10 pm Chapter 10 Reporting and Analyzing Liabilities Group Project Postings for questions 21-25 parts a-c due by 10 pm Chapter 11 Reporting and Analyzing Stockholders Equity Chapter 12 Statement of Cash Flow Group Project Postings for questions 26-30 parts a-c due by 10 pm Chapter 13 Financial Analysis: The Big Picture Chapter 10 11 12 Ungraded HW E10-1, E10-18, E10-19 E11-2, E11-6 E12-2, E12-5 Graded HW E10-2A, P10-9A (parts a-c only) E11-4, P11-2A (part a only) P12-1A, P12-9A

2/10-2/13 2/14-2/17 2/18

2/18-2/19

13 2/20 2/20 2/21 2/22 Review for Test #3

E13-5, E13-6

none

Sample Test #3 due at midnight TEST Chapters 10-13 Group Project Postings for questions 21-30 part d due by 10 pm Group Project Final Submission due by 10 pm Review for Final Exam FINAL EXAM (55 multiple choice questions-cumulative final exam)

2/23 2/22-2/25 2/26

COURSE DESCRIPTION: This course is a study of the underlying theory and application of financial accounting concepts. It is an introduction to the fundamental principles and practices of accounting as a device for reporting business activity. It provides the student with an understanding of the underlying theory and principles of accounting. The construction, understanding, and analysis of financial statements as they evolve from business transactions and records are emphasized. The rational synthesis of raw data into useful summary form in financial statements underlies all aspects of this course. Mathematical skills, critical thinking, computer use, and effective communications are important parts of student participation. OBJECTIVES/EDUCATIONAL RESULTS Expected Educational Results As a result of completing this course, the student will be able to: 1. Know the purpose of each financial statement and the relationships among the financial statements. 2. Understand the classified Balance Sheet and the use of ratios in the analysis of financial statements. 3. Identify asset, liability, stockholders equity, revenue, expense, and dividend accounts; analyze business transactions; record those transactions in debit/credit format in the journal; post those transactions to the ledger; and prepare the Trial Balance. 4. Prepare prepayment and accrual adjustments and explain the reasons for those adjustments; prepare the adjusted Trial Balance; prepare the Income Statement, Statement of Retained Earnings, and Balance Sheet from the adjusted Trial Balance; and understand the closing process 5. Analyze and record the transactions of a merchandising business and prepare the financial statements of a merchandising business 6. Assign costs to Cost of Goods Sold and ending Inventory using different inventory costing methods and understand the effects of different inventory costing methods on the statements of a merchandising business. 7. Understand and record transactions related to uncollectible accounts and notes receivable.

8. Understand and record transactions related to long-lived assets. 9. Understand and record transactions related to current and long-term liabilities. 10. Understand and record transactions related to Stockholders Equity. 11. Prepare and analyze the Statement of Cash Flows. 12. Use horizontal, vertical, and ratio analysis to measure the performance of a company. General Education Outcomes 1. This course addresses the general education outcome relating to communications as follows: a. Students develop their reading comprehension skills by reading the text, handout materials, tests, and examinations. b. Students develop their listening skills through lecture and small group problem solving. c. Students develop their reading and writing skills through the use of problems or assignments developed specifically to include writing across the curriculum in accounting courses. d. Students develop and use computer skills through the use of internet assignments. 2. This course addresses the general education outcomes of mathematical concept usage and applying the scientific method as follows: a. Students must apply mathematical concepts in the solution of problems designed to illustrate the accounting principle being taught. b. Students apply the scientific method in the analysis, setup, and solution of the problems designed to illustrate the accounting principle being taught. AMERICANS WITH DISABILITIES ACT STATEMENT: If you are a student who is disabled as defined under the Americans with Disabilities Act and require assistance or support services, please seek assistance through the Center for Disability Services. A CDS counselor will coordinate those services. ACADEMIC HONEST STATEMENT: Cheating includes any attempt to defraud, deceive or mislead the instructor in arriving at an honest grade assessment. Plagiarism is a form of cheating that involves presenting as one's own the ideas or work of another. Academic dishonesty procedures have been established by this college to insure due process on cases of cheating or plagiarism. A copy of these procedures can be found in the Student Handbook. Cheating of any kind may result in a penalty ranging from a grade of zero for the work in question to a grade of "F" in the course and will be referred to the College Court for assignment of penalty which may include suspension from the College. Referral to the College Court is required whether the student admits or denies the violation. EQUAL OPPORTUNITY STATEMENT: No person shall, on the grounds of race, color, sex, religion, creed, national origin, age, or disability, be excluded from employment or participation in, be denied the benefits of, or otherwise be subjected to discrimination under any program or activity conducted by GPC. AFFIRMATIVE ACTION STATEMENT: Georgia Perimeter College adheres to affirmative action policies to promote diversity and equal opportunity for all faculty and students.