Accounting 221

Principles of Accounting

Manchester College

Fall 2001

Brad Pyrah, CPA, JD

OFFICE:   AD 308

OFFICE PHONE: 5303

REQUIRED MATERIALS

            FUNDAMENTAL ACCOUNTING PRINCIPLES by: Larson, Wild, Chiappetta Sixteenth Edition

            Copies of Financial Statements for Nike and Reebok—To be found on the internet.

COURSE DESCRIPTION

This course provides the student with the underlying concepts, theories, and procedures for recording, classifying, adjusting, summarizing and interpreting of financial data for service and merchandising entities.  Additional topics include, accounting for cash, trade and notes receivable and payable, merchandise inventories, payroll and GAAP.

ASSIGNMENTS

Students are required to read the assigned materials prior to class and to be prepared to participate in class discussions.  Written assignments are to be prepared using appropriate word processing or spreadsheet software and may be collected.  These assignments will include graded homeworks, class projects, or papers.  These assignments will be reviewed in class and any questions will be answered at that time.

EVALUATION

Tests may include short answer questions, problems, multiple choice and/or essays.  A minimum of six examinations will be given.  There will be a mandatory comprehensive final in addition to the six examinations.  Quizzes may also be given as deemed necessary by the instructor

COURSE OBJECTIVES

In addition to the specific accounting curriculum objectives that are identified below, broad course objectives include the development of learning, thinking, and communication (written and oral) skills.  This will require your active participation on a daily basis.

Clearly, the first step necessary for active participation is that you be in class every day.  If you are not here, you cannot participate!  However, it is not enough just to be here, you must actually BE here.  This means that you come to class prepared by having read any material assigned for the day, having completed any exercises/problems assigned AND by giving some thought to the concepts addressed by the assignment and any questions you may have on the topic.

Extra Credit

Each Day 2 extra credit points will awarded to the first two students to use the word of the day during class discussion.  Subscribe to the email service at wsmith@wordsmith.org.

Grades will be based on the following learning activities:

6 Exams                                             600

Final Exam                                         200

Monopoly Report                               100

Quizzes                                              100

Homework                                           50

Class Contribution                              50

                             Total                                            1100

Grading Scale:

                        93% -100% = A             73% - 76% = C

                        90% - 92% = A-             70% - 72% = C-

                        87% - 90% = B+             67% - 69% = D+

                        83% - 86% = B               63% - 66% = D

                        80% - 83% = B-             60% - 62% = D-

                        77% - 79% = C+            Below 60% = F                

.