Financial Accounting 1A

Ken Harper, Instructor

Sharon Miller, Assistant

Course Objectives: Financial accounting involves the collecting, organizing, and reporting of financial information to the public sector. This public sector includes stockholders, creditors, and government reporting. Financial accounting is governed by reporting rules know as Generally Accepted Accounting Principles, (GAAP). Our objective is to have direct experience in organizing and analyzing data used in a wide variety of public reporting situations. In today's business world, the computer is used in collecting, organizing and analyzing data. It is almost imperative for the business student to have direct experience with a computer while preparing to meet the challenges of the business world. To accomplish this you will use a general ledger program

Assignments:  Exercises and problems will be assigned and reviewed in class. Your success in class will be enhanced by your reading the text and working the problems before the class lecture for the related section. In order to achieve your potential we suggest that you spend two hours outside class for each hour in class.

Student Evaluation:  Your letter grade will be based on three or four midterms, a final project, several computer assignments, various quizzes, and homework. Homework is due at the beginning of class.  Late homework will not be accepted. Remember that your work will be graded on accuracy and subjective qualities such as presentation and style. The following scale will be used to assign letter grades:

Grade Percentage: 

• A Above 90% 
• B 80% to 89%
• C 70% to 79% 
• D 65% to 69% 
• F Below 64%

Although no points are assigned for classroom participation, factors are considered by your instructor when the final grade for the course is assigned

Statement on Academic Integrity:

• Academic Integrity:  It goes without saying that academic integrity is expected from each student. As such, if there is a reasonable basis for concluding that a violation of academic integrity has taken place, all suspected parties will be awarded a course grade of "F", with a letter to the Dean explaining why this grade was awarded. It will be up to the students involved to convince the instructor that the violation did not take place.
• Disruptive Behavior: De Anza College will enforce all procedures set forth in the Student Standards of Conduct (see catalog), any student disrupting a class may be asked to leave that class. Administrative follow-up may result.

 Required:

• "Financial Accounting", Warren, 8th edition
• Other: Calculator, pencils, erasers, ruler, scratch paper, and a binder.
• Additionally: Access to a computer, word processing, spreadsheet, and email.

Schedule:

• Introduction to course.
• Chapter 1 -- Business transactions.

• Chapter 1 continued,
• Chapter 2 -- Dr/Cr,

• Chapter 2 continued,
• Practice midterm,

• Midterm exam, chapters 1 & 2,
• Chapter 3 -- Adjustments,

• Chapter 3 continued,
• Chapter 4 -- Completing the accounting cycle,

• Cooking school case study,

• Cooking school due,
• Chapter 5 -- Internal Control
• Essay assignment,

• Holiday/no class,
• Chapter 6 -- Merchandising Business,

• Chapter 6 continued
• Chapter 7 -- Cash,

• Chapter 7 continued
• Holiday no classes

• Chapter 8 -- Accounts receivable

• Final exams (see cataloge for times)

Homework:

Chapter 1:

• Exercises: 2, 10, 12, 13, & 18
• Problems: 1a & b, 3a & b, & 5a & b

Chapter 2:

• Exercises: none
• Problems: 1a, 2a, 3a, 4 a & b

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