Professional Documents
Culture Documents
Course Syllabus
Associates Program/School of Business ACC/220 Version 2 Survey of Accounting: The Maze of Numbers
Copyright 2010 by University of Phoenix. All rights reserved.
Course Description Every business depends on its accountants to organize and maintain financial information. Accountants translate the maze of numbers most people see into valuable information that keeps a company going. This course introduces students to the accounting profession and the role accounting plays in business. Students learn the fundamentals of accounting principles and the accounting cycle. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum.
University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Kieso, D., Kimmel, P., & Weygandt, J. (2003). Essentials of accounting: Tools for business decision making (2nd ed.). Hoboken, NJ: John Wiley & Sons, Inc.
Due
Points
Participation
10
10
Resources: U.S. Department of Labor, Bureau of Labor Statistics Web site and Careers in Accounting Web site Post a 200 to 300 word response to the following: There are many career opportunities in the field of accounting. Visit the U.S. Department of Labor, Bureau of Labor Statistics at http://www.bls.gov/oco/ocos001.htm for an overview of the accounting field. Visit www.careers-in-accounting.com for additional details such as salary expectations and general job expectations. Locate three job postings (within your state) for positions in the field of accounting. Write a summary of the educational requirements for each position, the starting salary (if listed), and a brief description of the responsibilities of the position.
30
Due
Points
Write a 350 to 600 word paper; describe a balance sheet, income statement, retained earnings statement, and statement of cash flows. How does a company use these financial statements to make future business decisions? Use and define the following terms in your paper when explaining how a company uses the information on the statements: Assets Comparative statements Liabilities Stockholders equity
Day 6
100
Format your paper consistent with APA guidelines. Post your CheckPoint and Assignment paper as a Microsoft Word attachment.
Due
Points
Readings
Participate in class discussion. Respond to weekly discussion questions. Day 2 Day 4 Day 5
10 10
Post your response to the following: In 200 to 300 words, explain what information would be found in each of the following groupings on a classified balance sheet, and how that data could indicate the future success or failure of a business: Current assets Long-term investments Property, plant, and equipment Intangible assets
30
Due
Points
Resources: Ch. 4 of Essentials of Accounting Write a 700 to 900 word paper, using APA guidelines, that addresses the following questions: Read scenario E4-5 on p. 194 of your text. Answer questions A & B. Read scenario P4-1A on p. 197 of your text. Answer the question at the bottom of the scenario piece. Read scenario P4-2A on p. 197 of your text. Answer questions A, B, & C. Include how a company could use the five basic principles of cash management to increase accuracy for a business.
Day 6
100
Format your paper consistent with APA guidelines. Post your CheckPoint and Assignment paper as a Microsoft Word attachment
Due
Points
Readings
Participate in class discussion. Respond to weekly discussion questions. Day 2 Day 4 Day 5
10 10
Post a 200- to 300-word response to the following: You have been hired into a new company to oversee the accounting department. What type of financial reports would you expect to see in your department? How will you use the financial reports available to you to make business decisions?
30
Due
Points
Readings CheckPoint Cost, Volume, and Profit Questions Individual Cost, Volume, and Profit Formulas
Read Ch. 6 of Essentials of Accounting. Post a 200 to 300 word response that addresses questions 7, 9, & 14 in the Questions section on pp. 284-285 of the text (Do not respond to the Self-Study Questions). Resources: Ch. 6 of Essentials of Accounting Review the following illustrations found in Ch. 6 of your text: 6-12, 615, 6-17, 6-18, 6-19, & 6-20. Write a 350 to 700 word paper, using APA guidelines, that addresses the following: Explain the components of cost-volume-profit analysis. What does each of the components mean? Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? When fixed costs decrease, what does this do for sales? Define contribution ratios. What happens to contribution ratios as one of the components changes? Day 3 30
Day 6
100
Format your paper consistent with APA guidelines. Post your CheckPoint and Assignment paper as a Microsoft Word attachment.
Due
Points
Readings
10 10
Resource: Appendix C Use Appendix C to define each of the types of budgets listed, and describe their uses. Post Appendix C as an attachment.
Day 5
30
Due
Points
Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have little or no work history in a responsibility center. The purpose of this training session is to explain the functions of each of the different responsibility centers. Develop a 10- to 12-slide Microsoft PowerPoint presentation that you could use as part of this training session. Explain what each of the different responsibility centers is and what each is accountable for and why each center has its own budget. Give an example of the kinds of decisions where incremental analysis would be used in each center. Include speaker notes for your presentation. Use APA formatting guidelines. Post your CheckPoint and Microsoft PowerPoint as an attachment.
Due
Points
Format your paper consistent with APA guidelines. Post your paper as a Microsoft Word attachment.
Copyright
University of Phoenix is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft, Windows, and Windows NT are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix editorial standards and practices.