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AC210 Principles of Accounting I

Required Text

Custom Grantham Textbook (available via the GU Bookstore)

Wild, J. J., Shaw, K. W., & Chiappetta, B. (2015). Fundamental Accounting Principles (22nd
ed.). Boston: McGraw-Hill/Irwin.

ISBN: 9781308571713

Note: A Grantham Custom Textbook was created from the following national textbook.
Only the Grantham Custom Textbook is needed to complete this course.
National Textbook (available via other carriers)

Wild, J. J., Shaw, K. W., & Chiappetta, B. (2015). Fundamental Accounting Principles (22nd
ed.). Boston: McGraw-Hill/Irwin.

ISBN: 9780077862275

Course Description

This course focuses on ways in which accounting principles are used in business operations.
Students learn to identify and use Generally Accepted Accounting Principles (GAAP), ledgers
and journals, and steps of the accounting cycle. This course introduces bank reconciliation
methods, balance sheets, assets, and liabilities. Students also learn about financial statements,
including assets, liabilities, and equity. Business ethics are also discussed.

Prerequisite: None

Course Objectives

Identify and apply Generally Accepted Accounting Principles (GAAP).


Apply the steps of the accounting cycle.
Post and analyze transactions using ledgers and journals.
Demonstrate how to record adjusting entries for prepaid expenses and unearned
revenue.
Demonstrate understanding by completing an adjusted trial balance.
Perform a bank reconciliation.
Explain the purpose of the sales journal and the Accounts Receivable ledger and
post entries to both.
Record the costs associated with the acquisition of property, plant, and
equipment.
Explain the purpose of and prepare entries for the purchase order journal and
accounts payable (A/P) ledger.
Identify the fundamental principles of an accounting information system.

Tentative Schedule

Week Assignments

Week 1 Accounting in Business


Read Chapters 1 and 2 in textbook
Today
Review Lecture 1 Week 1 Overview
Review Slideshow Lecture 2
Accounting in Business
Review Slideshow Lecture 3
Analyzing and Recording Transactions
Review "Helpful Hints" PDF
Complete Discussion Accounting for
Marketing
Complete Assignment Application
Problems 1

Week 2 Financial Statements and


Read Chapters 3 and 5 in textbook
Journals
Review Lecture 1 Week 2 Overview"
Review Slideshow Lecture 2
Adjusting Accounts and Preparing Financial
Statements
Review Slideshow Lecture 3
Accounting for Merchandising Operations
Review "Helpful Hints" PDF
Complete Discussion Positive Gross
Profit
Complete Assignment Application
Problems 2
Week 3 Adjusting Entries and the
Read Chapters 4 and 6 in textbook
Accounting Cycle
Review Lecture 1 Week 3 Overview
Review Slideshow Lecture 2
Completing the Accounting Cycle
Review Slideshow Lecture 3
Inventories and Cost of Sales
Review "Helpful Hints" PDF
Complete Discussion The
Accounting Cycle
Complete Assignment Application
Problems 3

Week 4 Cash and Controls


Read Chapters 8 and 9 in textbook
Review Lecture 1 Week 4 Overview
Review Slideshow Lecture 2 Cash
and Internal Controls
Review Slideshow Lecture 3
Accounting for Receivables
Review "Helpful Hints" PDF
Complete Discussion Department
Responsibility
Complete Assignment Application
Problems 4
Complete Midterm

Week 5 Sales, Inventory, and Plant


Read Chapter 10 in textbook
Review Lecture 1 Week 5 Overview
Review Slideshow Lecture 2 Plant
Assets, Natural Resources and Intangibles
Review "Helpful Hints" PDF
Complete Discussion Plant Assets
Complete Assignment Application
Problems 5
Week 6 Liabilities
Read Chapter 11 in textbook
Review Lecture 1 Week 6 Overview
Review Slideshow Lecture 2 Current
Liabilities and Payroll Accounting
Review "Helpful Hints" PDF
Complete Discussion Warranty
Liabilities
Complete Assignment Application
Problems 6

Week 7 Employees, Payroll, and


Read Chapters 7 and 11 in textbook
Accounting Information Systems
Review Lecture 1 Week 7 Overview
Review Slideshow Lecture 2
Accounting Information Systems
Review Slideshow Lecture 3 Current
Liabilities and Payroll Accounting
Review "Helpful Hints" PDF
Complete Discussion Journal
Entries
Complete Assignment Application
Problems 7

Week 8 Review and Final Exam


Review previous reading material
Review Lecture 1 Week 8 Overview
Complete Discussion Review and
Reflect
Complete Final Exam

Expected Student Workload

The following table outlines the academic effort required by students to be successful in this
course. While the times in the table are approximate, it is presented to help students with their
time management. Please note, depending on the student's background knowledge and
experience of the course subject and an individual student's academic capabilities, these times
will vary. If you have any questions or concerns, please direct them to your instructor or student
advisor.

Week Type of Activity Activity Estimated Hours


Required

1 Online Readings/Lectures 7.3

Discussions 3.0

Assignments 0.0

Preparation Readings 1.9

Discussions 2.0

Assignments 12.0

Clinical/Lab Hours 0.0

Week Type of Activity Activity Estimated Hours


Required

2 Online Readings/Lectures 8.1

Discussions 3.0

Assignments 0.0

Preparation Readings 1.6

Discussions 2.0

Assignments 6.0

Clinical/Lab Hours 0
Week Type of Activity Activity Estimated Hours
Required

3 Online Readings/Lectures 7.2

Discussions 3.0

Assignments 0

Preparation Readings 1.0

Discussions 2.0

Assignments 12.0

Clinical/Lab Hours 0

Week Type of Activity Activity Estimated Hours


Required

4 Online Readings/Lectures 8.2

Discussions 3.0

Assignments 2.0

Preparation Readings 1.4

Discussions 2.0

Assignments 12.0

Clinical/Lab Hours 0

Week Type of Activity Activity Estimated Hours


Required
5 Online Readings/Lectures 3.9

Discussions 3.0

Assignments 0

Preparation Readings .8

Discussions 2.0

Assignments 6.0

Clinical/Lab Hours 0

Week Type of Activity Activity Estimated Hours


Required

6 Online Readings/Lectures 4.3

Discussions 3.0

Assignments 0

Preparation Readings .6

Discussions 2.0

Assignments 9.0

Clinical/Lab Hours 0

Week Type of Activity Activity Estimated Hours


Required

7 Online Readings/Lectures 6.8


Discussions 3.0

Assignments 0.0

Preparation Readings 1.3

Discussions 2.0

Assignments 18.0

Clinical/Lab Hours 0

Week Type of Activity Activity Estimated Hours


Required

8 Online Readings/Lectures .6

Discussions 3.0

Assignments 2.0

Preparation Readings 0.0

Discussions 2.0

Assignments 3.0

Clinical/Lab Hours 0.0

** The numbers listed in the chart above are rounded to the nearest whole

Grading Policy

Assignment Percentage

Discussions 40%
Assignments 40%

Midterm 10%

Final Exam 10%