Mat-Su College--Spring Semester 2015
ACCT 201 – Principles of Financial Accounting
Type of Course: Integrated (Weekly classes with on-line follow-up in Blackboard) Must have access to broadband Internet connection
Location: Fred & Sara Machentanz Bldg Rm. 206
Days & Time: Tuesdays 7:00 – 9:45 (01/12 through 05/04) Instructor: Jennifer G. Johnson, B.BA Accounting, M.A.T.
Department: Business Administration
Contact Information: E-Mail: firstname.lastname@example.org Cell Phone: (907) 884-6407 with text
Office Hours & Location: Tuesday (Location: TBD) 6:00pm – 6:45pm And by appointment Prerequisite: MATH A105 or MATH A107 or MATH A172 or MATH A200 or MATH A272 with minimum grade of “C”
Catalog Description: Introduction to financial accounting concepts and principles. Emphasizes the recognition and recording of financial information, the creation and understanding of financial statements, and the role accounting information takes in business and society. Special Note: ACCT A101 and ACCT A102 will satisfy the requirement for ACCT A201. AAS accounting majors must take ACCT A101 and ACCT A102.
Wild, J. (2014). Financial Accounting:Information for Decisions (7th Edition). New York, NY; McGraw-Hill Irwin. ISBN: 978-0-07-802589-1
Required Supplies & Materials: Notebook & Writing utensil & Electronic Device (if possible)
Course Objectives: Students successfully completing this course will be able to:
1. Analyze basic economic events and input economic information into the financial accounting system.
2. Explain the development and flow of information through the accounting cycle.
3. Prepare basic financial statements for service and merchandising operations.
4. Demonstrate basic accounting principles and methods utilized in accounting for the assets of a company.
5. Demonstrate basic accounting principles and methods utilized in accounting for the liabilities of a company.
6. Demonstrate basic accounting principles and methods utilized in accounting for the equity of a company.
7. Calculate and interpret financial ratios
8. Interpret corporate financial statements.
Special Devices, Procedures, Techniques, or Requirements: During the course of any class period, students will be expected to participate in:
1. Lectures, explanations, demonstrations given by the instructor.
2. Class discussions.
3. Completion of the assigned problems at the end of the textbook chapters.
4. Problems worked out by students, discussed in class, and handed in for grading.
5. Blackboard discussion board assignments.
Class Preparation and Participation Policies: Recommended approach to studying the text:
Read the Learning Objectives and Chapter preview at the beginning of each chapter.
Skim through the chapter to obtain an overview of the material presented.
Review the summary of Learning Objectives and Glossary at the end of the chapter.
Read the chapter thoroughly; take time to outline the information, summarize the main ideas in your own words, and work the examples and demonstration problems in detail.
Review the “important!” notes located in the margins.
Complete the “self-reviews” throughout the chapter and the “Comprehensive Self Review” at the end of the chapter.
After performing the above steps, attempt the homework assignments without going back to the chapter material. If you cannot complete the homework problems without referring back to your text or notes, you are not yet ready for the exam!
I strongly recommend students form study groups to meet to review the material and work out homework problems together.
If you are having difficulties, please see me as early in the semester as possible. Do not wait until the end of the semester or right before a test. If there is a need, I will schedule extra workshops/labs to assist students in need of help. The sooner you tell me you are struggling, the easier it will…