KEISER UNIVERSITY

School of Business
Department of Business Administration
Course Syllabus
SPRING 2016
COURSE INFORMATION:
Course Name:
Class Section Number:
Credit Hours:
Meeting Days:
Meeting Times
Room:

Accounting Principles I
ACG1001
3 Credit Hours
Tuesday and Thursday
1:00 pm 2:30 pm
online

INSTRUCTOR CONTACT INFORMATION:

Name:
Bill Makkawi PhD CPA CFE
Telephones:
443-655-1404
E-Mail
bmakkawi@keiseruniversity.edu
Office Hours
M/W/F 8-11:30 . Any other time by appointment

CATALOG DESCRIPTION
Introduction to accounting from a users perspective. Covers both financial and managerial
accounting. Accounting theory principles, presentation and interpretation of financial reports,
financial statement analysis. Measurement, classification, planning and control of costs.
.
PREREQUISITE COURSES / SKILL PROFICIENCIES:
Basic knowledge of Math
Positive attitude toward the analytic approach to business issues.
Diligence.
Inquiring mind.

SUPPLEMENTAL REQUIREMENTS:
Reading assignments to be completed for each class.
Weekly Homework.
Weekly quizzes

A midterm and a Final exam

Attendance of live lectures
TEXTBOOKS and OTHER REQUIRED MATERIALS:
Fundamentals Accounting Principles 21th ed , Wild, Shaw, and Chiapetta

MAJOR CORE COURSE OUTCOMES:

At the end of this course students should be able to:

Use accounting and business terminology, and understand the nature and purpose of
generally accepted accounting principles (GAAP).
Explain the objective of financial reporting, the elements of the financial statements, and
the related key accounting assumptions and principles.
Define and distinguish between cash basis and accrual basis accounting and the impact of
each on the financial statements including the bank statement reconciliation.
Investments in inventories and the related methods of evaluation and accounts receivable
and the risks involved in doing business
Recognize the information conveyed in each of the four basic financial statements and
the way it is used by investors, creditors, regulators, and managers.

OUTCOME ASSESSMENT AND COURSE EVALUATION STRATEGIES:

Weekly Homework
Weekly Quizzes
Midterm and Final
Project
Homework:; Your weekly homework should be uploaded in Bb. Using the template that is posted
. Please upload all problems in one excel file per week.
Quizzes:; Your quizzes will be also done in Bb. You will have 60 minutes for 60 questions
minutes. You will have two attempts at each quiz . You will be given the higher grade always, so
there is no risk in having a second attempt.
Midterm and Final: will be done in Bb as well. You will have two hours for each exam
Project: It should be uploaded in Bb
COURSE OUTLINE:
I

Chapter 1- Accounting in Action

a) who uses accounting
b) generally accepted accounting principles
c) basic equation, transaction analysis
d) basic financial statements: income statement, owners equity statement,
balance sheet and statement of cash flow

Suggested practice questions: E 1-9, E 1-12, E 1-13, P 1-2A, P1-4A, P 1-5A, P 1-7 A
Required homework: problems 1-7 and 1-8
II.

Chapter 2- the recording Process

a. debits and credits, expansion of basic equation
b. Journal, Ledger- journalizing and posting
c. Limitations of Trial Balance

Suggested HOMEWORK: E 2-1, E2-2, E2-5, E2-6, E2-7, E2-9, E2-11,E2-17,E2-18, P2-1A ,P24A P2-6A
Required Homework problema 2-2 and 2-4
III

Chapter 3- Adjusting the Accounts:

a. Time Period assumption; Accrual vs. Cash Basis
b. Recognizing revenues and expenses
c. Types of Adjusting entries: Prepayments and accruals
d. Preparing the adjusted trial balance and financial statements
Suggested HOMEWORK:

E3-1, E3-2, E3-5, E3-7, E3-8, E3-10, P3-1A, P3-3A

Required Homework 3-3, 3-4

IV

Chapter 4- Completion of the Cycle Accounting

a. Steps in preparation: work sheet
b. Preparing closing entries and post-closing trial balance
c. Standard classifications Balance Sheet
Suggested HOMEWORK : E4-1, E4-3, P4-1A, P4-5A
Required Homework 4-2 and 4-4

Chapter 5 Accounting for Merchandising Operations

a.
b.
c.
d.
e.
f.

Operating Cycles
Inventory Systems
Purchases: Returns and allowances, discounts, freight costs
Sales: Returns and allowances, discounts
Adjusting entries, closing entries
Income Statement: Single and Multiple and Classified Balance
Sheet

HOMEWORK: E5-1, E5-2, E5-4, E5-9, E5-13, P5-1A, P5-3A

Required Homework 5-3
Suggested

VII

Chapter 6- Inventories

a. Classifications, determining inventories quantities and accounting systems

b. Actual Inventory costs , assumed inventory costs, financial statements
effects and consistent use
c. Inventory errors: Income statement and balance sheet effects
d. Presentation and analysis
Suggested

HOMEWORK: E6-1,E6-2, E6-3,E6-14, E6-16, P6-1A , P6-2A ,P6-4A ,

Required Homework 6-6 dan 6-7

VI

Chapter 8- Internal Control and Cash

a.
b.
c.
d.

Principles and limitations

Control over cash receipts and cash disbursements
Making deposits, writing checks
Bank statements and reconciling the bank account

Suggested
HOMEWORK: E8-1, E8-2, E8-5, E8-7, E8-9, E8-11, P8-1A , P8-4A, -5A
Required Homework 8-4 and 8-5

VIII

Chapter 9- Accounting for receivables

a.
b.
c.
d.
e.

Types and recognizing accounts receivable

Valuing and disposal of accounts receivable
Recognizing notes receivables
Valuing and disposal of notes receivable
Presentation and analysis

Suggested HOMEWORK: E9-1, E9-3, E9-4, E9-5, E9-6,P9-1-A , P9-2A, P9-3A

Required Homework :; Your Project is due that week.

COURSE INSTRUCTIONAL METHODS:

At the beginning of each chapter will be provided by a framework for learning the specific
concepts that will cover. It is encouraged all students to read the material before coming to class.
Students will apply all concepts and used them in all assignments in order to focus the
theory discussed in class. Also, students will learn to think in different types of situations
in accounting real world business through participation.

COURSE REQUIREMENTS AND STUDENT GRADING SYSTEM:

All homework will handle at the beginning of each exam, thus, the students can have an
opportunity to review all assignments. Homework sets can be done in groups and turn in
individually.
Grading system: The final grade will be based on the following assessment
Quizzes 25% for a total of 250 points
Homework (30 %) for a total of 300 points
Project 10% Or 100 points
Midterm 15 % Or 150 points
Final 20%. Or 200 points

A
B
C
D
F

900 points plus

800- 899 points
700-799 points
650 to -699 points
less than 650 points

SPECIAL INSTRUCTIONS and OTHER ADDITIONAL ITEMS:

Academic Dishonesty:
College Policy:
Each faculty member has the responsibility of defining his/her academic
expectations at the
beginning of the semester.
Instructor Policy: Any evidence of academic dishonesty will result in an F grade for the entire course.
Honor Code:
Cheating: A student attending Keiser University is expected to reflect a high standard of academic
integrity. A lack of academic integrity is considered a serious violation of the basic mission of Keiser
University. Any student violating the academic integrity code by copying, plagiarizing, cheating, engaging
in unauthorized use of a test, forging, or lying to a faculty member in order to complete an assignment will
be subject to disciplinary action.
Should I discover a student violating the academic integrity code, I must (1) assign a grade of zero for the
test or assignment; and (2) report the incident of cheating in writing to the Academic Dean, with a copy of
the letter mailed to the student. The Office of the Academic Dean determines whether a particular incident
is the students second offense and, if so, requires the student to appear before the Academic Affairs
Committee for disciplinary action. A student found guilty of a second offense is subject to academic
suspension for up to one academic year. A third offense will result in academic dismissal.
Plagiarism:
The Honor Code is an integral part of university life. On the application for admission you signed a
statement agreeing to conform to and uphold the Honor Code. Therefore, you are responsible for

understanding the provisions of the code. In the spirit of the code, a student's word is a declaration of good
faith acceptable as truth in all academic matters. Therefore, attempted cheating, plagiarism, lying, and
stealing of academic work and related materials constitute Honor Code violations. To maintain an academic
community according to these standards, students and faculty must report all alleged violations of the
Honor Code.
You are expected to print out the following pledge on papers and exams (I will print out the pledge on the
exam paper for you to sign):
I strive to uphold the University values of respect, responsibility, discovery, and excellence. On my honor, I
pledge that I have neither given nor received unauthorized assistance on this work.
If an incident of plagiarism is discovered, an immediate zero will be given for that assignment. (Plagiarism
is when one appropriates language, ideas, thoughts of another author, and makes representation of them as
ones original work. To avoid this situation appropriate footnote or endnote citing the source of the quote
needs to be made). If the student continues to commit plagiarism he/she will be dropped out of class with a
failing grade (F) and a letter will be submitted to the Dean, following the procedure outlined above for
cheating.