Student ID: S101055
Start from Thursday, 17 November 2011, 12:05 AM
Final Exam Sunday, 22 January 2012, 06:38 PM
Syllabus
Credits: 5
Pre- or Co-requisite: BU1101 Principles of Business Management.
Pre- or Co-requisite: BU1101 Principles of Business Management.
Course Description:
The Basic Accounting course introduces students to financial reporting and financial management concepts and practices. The primary focus of this course is the preparation and use/analysis of general purpose financial statements in support of the capital market decision-making process. In addition, certain financial accounts concepts related to current assets will be covered.
Required Textbook and Materials:
The texts can be downloaded for free at: http://www.principlesofaccounting.com/
Software Requirements/Installation
No special software is required.
Learning Objectives and Outcomes:
By the end of this course, you should be able to:
- Explain how accounting information is used
- Complete journal entries using the accrual basis of accounting
- Explain the steps of the accounting cycle
- Prepare income statements, statements of owner's equity, and balance sheets using Generally Accepted Accounting Principles
- Illustrate accounting for cash, receivables, and inventories and merchandise transactions
Course Schedule and Topics
This course will cover the following topics in eight learning sessions, one unit per week.
Unit 1- Introduction to the principles of financial accounting
Unit 2- Information Processing
Unit 3- Income Measurement
Unit 4- The Reporting Cycle
Unit 5- Accounting for merchandising operations
Unit 6- Cash and highly liquid assets
Unit 7- Accounting for receivables
Unit 8- Inventories and cost of goods sold
Unit 9- Final Exam
Unit 2- Information Processing
Unit 3- Income Measurement
Unit 4- The Reporting Cycle
Unit 5- Accounting for merchandising operations
Unit 6- Cash and highly liquid assets
Unit 7- Accounting for receivables
Unit 8- Inventories and cost of goods sold
Unit 9- Final Exam
Learning Guide
How this course is being conducted and suggested best practices for students to follow
Unit 1: Introduction to the course and principles of financial accounting
Tasks:
- Read chapter one of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 1.
- Complete the multiple choice quiz on the book website for chapter 1
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assignments
- Make entries to the Learning Journal
Unit 2: The Accounting Cycle: Analyzing and recording transactions
Tasks:
- Read chapter two of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 2.
- Complete the multiple choice quiz on the book website for chapter 2
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assignments
- Make entries to the Learning Journal
Unit 3: The Accounting Cycle: Adjusting entries and preparing financial statements
Tasks:
- Read chapter three of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 3
- Complete the multiple choice quiz on the book website for chapter 3
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assignments
- Complete and submit the graded Quiz 1
- Make entries to the Learning Journal
Unit 4: Completing the Accounting Cycle: The closing process
Tasks:
- Read chapter four of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 4
- Complete the multiple choice quiz on the book website for chapter 4
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assignments
- Make entries to the Learning Journal
Unit 5: Accounting for merchandising operations
Tasks:
- Read chapter five of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 5
- Complete the multiple choice quiz on the book website for chapter 5
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assignments
- Make entries to the Learning Journal
Unit 6: Cash and internal controls
Tasks:
- Read chapter six of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 6
- Complete the multiple choice quiz on the book website for chapter 6
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assignments
- Complete and submit graded Quiz 2
- Make entries to the Learning Journal
Unit 7: Accounting for receivables
Tasks:
- Read chapter seven of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 7
- Complete the multiple choice quiz on the book website for chapter 7
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assignments
- Make entries to the Learning Journal
Unit 8: Inventories and cost of goods sold
Tasks:
- Read chapter eight of the textbook
- Complete the “fill in the blanks” quiz at the book website for chapter 8
- Complete the multiple choice quiz on the book website for chapter 8
- Participate in the discussion forum
- Review the “Checklist and key terms” on the book website
- Complete and submit assigments
- Make entries to the Learning Journal
Unit 9: Final Examination
- Prepare for and submit the final exam.
- The final exam will take place during Week 9. (Exact date and other details will be announced.)
Course Requirements
Assignments
There is an Assignment to be completed for each of the study units in this course. You will be required to upload your assignments by the indicated deadline and in addition, to assess three of your classmates' assignments according to the instructions provided. Failure to submit assignments may result in failure of the course. You are also expected to provide details in the feedback section of the assignment assessment forms as to why you awarded the grade that you did to your peer.
Discussion Forum
There are Discussion Forum questions to be completed for each study unit in this course. In each unit, you are required to post a substantive response to the question. A substantive response is one that fully answers the question that fully answers the question that has been posed by the instructor. In addition, you must extend the conversation by responding to at least three of your peers' postings.
Discussion Forums are only active for the relevant learning week and it is not possible to contribute to a discussion forum once the learning week has come to an end. Failure to participate in the Discussion Forums may result in failure of the course.
Course Forum
The Course Forum is the place to raise issues and questions relating to the course. It is monitored by the instructors. It is a good place to meet fellow students taking the same course. While it is not required to participate in this forum, it is highly recommended.
Learning Journal
The Learning Journal is a tool for self-reflection on the learning process. In addition to completing directed tasks, you should use the Learning Journal to document your activities, record problems you may have encountered and to draft answers for Discussion Forums and Assignments. The Learning Journal should be updated regularly (on a weekly basis), as the learning journals will be assessed by your instructor as part of your Final Grade.
There is an Assignment to be completed for each of the study units in this course. You will be required to upload your assignments by the indicated deadline and in addition, to assess three of your classmates' assignments according to the instructions provided. Failure to submit assignments may result in failure of the course. You are also expected to provide details in the feedback section of the assignment assessment forms as to why you awarded the grade that you did to your peer.
Discussion Forum
There are Discussion Forum questions to be completed for each study unit in this course. In each unit, you are required to post a substantive response to the question. A substantive response is one that fully answers the question that fully answers the question that has been posed by the instructor. In addition, you must extend the conversation by responding to at least three of your peers' postings.
Discussion Forums are only active for the relevant learning week and it is not possible to contribute to a discussion forum once the learning week has come to an end. Failure to participate in the Discussion Forums may result in failure of the course.
Course Forum
The Course Forum is the place to raise issues and questions relating to the course. It is monitored by the instructors. It is a good place to meet fellow students taking the same course. While it is not required to participate in this forum, it is highly recommended.
Learning Journal
The Learning Journal is a tool for self-reflection on the learning process. In addition to completing directed tasks, you should use the Learning Journal to document your activities, record problems you may have encountered and to draft answers for Discussion Forums and Assignments. The Learning Journal should be updated regularly (on a weekly basis), as the learning journals will be assessed by your instructor as part of your Final Grade.
Quizzes
The course has two types of quizzes, Self-Quiz and graded Quiz. For each unit of work, there is a self-quiz consisting of multiple choice and True/False questions. You will have multiple attempts to take the quiz and improve your results. The results of the self-quiz do not count towards your Final Grade. It is recommended that you complete the self-quiz to ensure that you have adequately understood the course materials.
The course has two types of quizzes, Self-Quiz and graded Quiz. For each unit of work, there is a self-quiz consisting of multiple choice and True/False questions. You will have multiple attempts to take the quiz and improve your results. The results of the self-quiz do not count towards your Final Grade. It is recommended that you complete the self-quiz to ensure that you have adequately understood the course materials.
Graded Quizzes
For Units #3 and #6, there is a graded-quiz consisting of multiple choice questions. You will have one attempt to take each quiz. The results of the graded quizzes count as a total of 40% (20% for each quiz) towards your Final Grade.
For Units #3 and #6, there is a graded-quiz consisting of multiple choice questions. You will have one attempt to take each quiz. The results of the graded quizzes count as a total of 40% (20% for each quiz) towards your Final Grade.
Final Examination
The Final Examination takes place following the completion of eight units of work. The format of the Final Exam is similar to that of the self-quiz and consists of multiple choice questions. It is a maximum of one hour in duration and is graded electronically. Specific instructions for how to take the examination will be published in Unit 9.
The Final Examination takes place following the completion of eight units of work. The format of the Final Exam is similar to that of the self-quiz and consists of multiple choice questions. It is a maximum of one hour in duration and is graded electronically. Specific instructions for how to take the examination will be published in Unit 9.
Classroom Forum
The Classroom Forum is available only to students in the same classroom or group. The Classroom Forum is only activated when there are many groups of students taking the course at the same time. Participation in this forum is an excellent way to get to know your classmates and is alos a platform for raising issues and questions relating to the course. While it is not required to participate in this forum, it is highly recommended.
Policies
Grading
The University has established the following grading scale. All faculty members are expected to comply with this scale:
The University has established the following grading scale. All faculty members are expected to comply with this scale:
| Grade Scale | Grade Points | |
| A+ | 98-100 | 4.33 |
| A | 93-97 | 4.00 |
| A- | 90-92 | 3.67 |
| B+ | 88-89 | 3.33 |
| B | 83-87 | 3.0 |
| B- | 80-82 | 2.67 |
| C+ | 78-79 | 2.33 |
| C | 73-77 | 2.00 |
| C- | 70-72 | 1.67 |
| D+ | 68-69 | 1.33 |
| D | 63-67 | 1.00 |
| D- | 60-62 | 0.67 |
| F | Under 60 | 0.00 |
Grades will be based on a standard 100-point scale with the following values and ranges:
Grading Components and Weights
| Learning Journal | 10% |
| 2 Graded Quizzes | 40% |
| Discussion Forums and Written Assignments | 20% |
| | |
| Final Exam | 30% |
Grade Appeal
If you believe that the grade you have received for a course is erroneous, please contact your course instructor. This must be done within seven days of the grade posting. For more information on the Grade appeal procedure please refer to the UoPeople Catalog.
Participation
Non-participation is characterized by lack of assignment submission and/or inadequate contribution in discussion forum postings.
- Assignments must be submitted on or before the deadline. A course timeline is provided in the course schedule. The instructor will specify the deadline for each assignment.
- Occasionally there may be a legitimate reason for submitting an assignment late. Most of the time late assignments will not be accepted, and there will be no make-up assignments. Students should review the Late Assignment Policy appearing in the Student Handbook.
Any student showing non-participation for 2 weeks (consecutive or non-consecutive) is likely to automatically fail the course.
All students are obligated to inform their instructor in advance of any known absences which may result in their non-participation.
Academic Honesty and Integrity
When submitting your work, it is essential to reference all source material. Failure to properly acknowledge your sources is known as ‘plagiarism’. This is effectively passing off an individual’s words or ideas as your own. University of the People adheres to a strict policy of academic honesty. Failure to comply with these guidelines may result in sanctions by the university, including dismissal from the university or course failure.
Code of Conduct
University of the People expects that students conduct themselves in a respectful, collaborative and honest manner at all times. Harassment, threatening behavior, or deliberate embarrassment of others will not be permitted.
Any conduct that interferes with the quality of the educational experience is not allowed and may result in disciplinary action, such as course failure, probation, suspension, or dismissal.
All students are obligated to inform their instructor in advance of any known absences which may result in their non-participation.
Academic Honesty and Integrity
When submitting your work, it is essential to reference all source material. Failure to properly acknowledge your sources is known as ‘plagiarism’. This is effectively passing off an individual’s words or ideas as your own. University of the People adheres to a strict policy of academic honesty. Failure to comply with these guidelines may result in sanctions by the university, including dismissal from the university or course failure.
Code of Conduct
University of the People expects that students conduct themselves in a respectful, collaborative and honest manner at all times. Harassment, threatening behavior, or deliberate embarrassment of others will not be permitted.
Any conduct that interferes with the quality of the educational experience is not allowed and may result in disciplinary action, such as course failure, probation, suspension, or dismissal.
