Objective of Class:

  1. How to analyze transactions for accounting purposes.
  2. You will understand the double-entry framework.
  3. You will understand financial statements.
  4. How to construct financial statements and the closing process.
  5. You will understand accounting for service businesses.
  6. You will understand accounting for merchandising businesses.

Expected Student Outcomes and Means for Assessment:

At the conclusion of this class, you should be able to:

  1. Recognize and use basic accounting language when communicating with business professionals.
  2. Appreciate the different types of accounting–service, payroll, and merchandise.
  3. View accounting as an integral, but not isolated, part of any successful enterprise, business, or otherwise.
  4. Understand that success in accounting, like every other field, is not an accident. It requires thought, planning, and hard work, usually as part of a team.

You will be assessed using:

  1. problem sets and exams
  2. small group work and/or presentations
  3. written assignments
  4. attendance and class participation

Grading Scale:

Academic Integrity:

Academic integrity is a key issue in any class. Each student is expected to do his or her own work, and all current student honesty policies will be in effect. Cheating in any form (including plagaiarism) is a subset of theft and will not be tolerated. Any student caught cheating will be given a zero for that work and I will inform the Dean of Student Development of this violation of college policy.

  • Classroom Behavior:
  • Please turn off all cell phones, pagers, etc.
  • Please behave in a mature, adult fashion. Inconsiderate and rude or disruptive behavior will not be tolerated; this isn’t high school.
  • Everyone is late occasionally. Please don’t make it habitual.

Other Important Comments:

  1. READ THE BOOK
  2. You are allowed four absences:
    1. 5 absences–course grade = C
    2. 6 absences–course grade = D
    3. 7 absences–course grade = F
  3. No extra credit or late work is accepted. This ensures equality for every student. Make-ups are recorded at 75% of earned grade–given at my convenience and discretion. Discretion means you are not entitled to a make-up. This ensures equality for every student.
  4. A sign in the Math Department at Colorade State University states:
    1. People remember 10% of what they hear
    2. People remember 50% of what they hear and see.
    3. People remember 90% of what they hear, see, and do.