Accounting Applications and Procedures

ACCOUNTING APPLICATIONS & PROCEDURES SYLLABUS
Catalog # 10-101-107 & Class # 82526
8/26/09 – 09/30/09 - Instruction Mode: Accelerated

Course Description: This course provides the opportunity for the learner to develop the knowledge skills process and understanding of the use of financial calculators, checkbook records, purchasing, shipping/receiving, accounts receivable, and accounts payable systems, markups, discounts, credit charges, business loans, depreciation methods, inventory methods, breakeven analysis, sales gains/losses, and financial statement analysis.

Library Resources: Additional library resources may also be available at http://www.nwtc.edu/library.
Supplies: TI BAII Calculator

Your username is your student ID, and your password is the same as your myNWTC password.

Course Competencies: You have the opportunity to learn the following skills in this course:

Core Abilities: In addition to specific job-related training, NWTC has identified core abilities that are transferable and go beyond the context of a specific course. This class addresses the following core abilities:

Student Responsibilities: As a student of NWTC, I expect you to adhere to the policies of the college, as outlined by the Student Handbook (please see below). You are responsible for the duties set forth in this class and to communicate any questions, comments or concerns you have to me. Acceptable means of communication include e-mail, voicemail or through online discussion forums. Use of correct grammar and punctuation is required in all written communications.

Plagiarism, cheating and collusion are prohibited at NWTC. Students who fail to observe these standards are subject to disciplinary action. Please refer to the NWTC Student Handbook for further definitions and consequences of these behaviors, available through Student Services or on the NWTC webpage at http://www.nwtc.edu.

Attendance: Regular attendance will ensure that you have the maximum opportunity to participate in your education. If you are unable to attend class, please notify your instructor. You are responsible for obtaining materials and information for missed classes.

Class participation: Participation in class discussions and activities enhances the learning process. You are expected to demonstrate professionalism in your work and interactions with others.

Student e-Mail: NWTC offers a student e-mail account for all students. You are responsible for monitoring your student e-mail account. Student e-mail can be accessed at: https://web.mymail.nwtc.edu Student technical assistance is available 24 hours a day, 7 days a week. Call toll free: (866)235-5037

Disability Act Statement: NWTC complies with all provisions of the Americans with Disabilities Act and makes reasonable accommodations upon request. Please contact the Special Needs Office in room SC240 or call 920-498-5444 (920-498-6901 for TTY) for more information regarding the support services available to you.

Student Rights: For additional information regarding your rights as a student, including college policies on harassment, student rights and other services available at NWTC, please consult the NWTC Student Handbook, available through Student Services or on the NWTC webpage at http://www.nwtc.edu

Instructor Responsibilities: As your instructor, I commit to communicating openly and frequently with you about this class. I will maintain a professional, safe learning environment adhering to the policies of the college. You can expect a reply to communication, be it via e-mail, through online discussions, voicemail or in person, within 24 - 48 business hours.

Syllabus Changes: As your instructor, I retain the right to make changes based on the timeline of the class, feedback from learners and/or logistical issues and will inform you as soon as a change is made.

Grading Policy: Tests are administered in class, and students must take tests on their respective scheduled testing dates, unless excused. An unexcused missed test not taken on the assigned testing date will receive a zero score. Students are permitted to take one test late, without penalty, however, this test must be completed within one week from the date the test was administered in class, or the test will receive a zero score, with no further retake opportunities. All tests must be completed by the final class period.

Each chapter in the textbook has a corresponding ten-question quiz posted in Blackboard. These quizzes should be completed outside of class time and submitted in class. Quizzes should be completed by the appropriate due dates and will be assessed a one-point deduction per class period late. Quizzes more than two class periods late will not be accepted or graded.

This class incorporates the use of a financial calculator. The NWTC supplemental handbook for this class illustrates the use of a financial calculator and provides many practice opportunities. Financial calculator applications will be covered and tested in logical sequence with the textbook material.

Homework will be assigned on a regular basis. While homework will not be collected or graded, it is recommended that all problems be completed for optimal preparation in completing quizzes and tests. Homework will be reviewed in class as learning activities.

Assignments and Assessments	Points Per Activity	# of Activities	Total Points Possible
Chapter Tests	100	5	500
Chapter Quizzes	10	12	120
Total Points Possible			620

Percentage	Points Attained	Grade
90% - 100%	554 – 620	A
80% - 89%	492 – 553	B
70% -79%	430 - 491	C
60% - 69%	368 – 429	D
50% - 59%	0 - 367	F

Session	Date	Text Topic	Calculator Topic	Other
1	8/26	N/A	N/A	Intro/Syllabus
		LU 5-1: Solving Equations for the Unknown	Decimal Function	N/A
		LU 5-2: Solving Word Problems for the Unknown	Memory Function	N/A
		LU 6-1: Conversions	Parentheses	N/A
		LU 6-2: Application of Percents – Portion Formula	% Change Function	N/A
		Review	Review	N/A
		Test 1 – Chapters 5 - 6	Test 1 – Decimal, Memory, Parentheses, and % Change	N/A
2	9/02	LU 7-1: Trade Discounts	Date Function	N/A
		LU 7-2: Cash Discounts, Credit Terms, and Partial Payments	Rounding Function	N/A
		LU 8-1: Markups Based on Cost LU 8-2: Markups Based on Selling Price	Constant Function	N/A
		LU 8-3: Markdowns and Perishables -Review	Review	N/A
		Test 2 – Chapters 7 & 8	Test 2 – Date, Rounding, & Constant Functions	N/A

3	9/09	LU 4-1: The Checking Account; Credit Card Transactions	N/A	Check Register
		LU 4-2: Bank Statement and Reconciliation Process; Trends in Online Banking	N/A	Bank Reconciliation Form
		LU 10-1: Calculation of Simple Interest & Maturity Value LU 10-2: Finding Unknown in Simple Interest Formula LU 10-3: U.S. Rule	N/A	N/A
		LU 11-1: Structure of Promissory Notes; the Simple Discount Note LU 11-2: Discounting an Interest-Bearing Note before Maturity	N/A	N/A
		Review	N/A	N/A
		Test 3 – Chapters 4, 10, & 11	N/A	N/A
4	9/16	LU 12-1: Compound Interest LU 12-2: Present Value	TVM Functions – Lump Sum	N/A
		LU 13-1: Annuities: Ordinary & Annuity Due LU 13-2: Present Value of an Ordinary Annuity	TVM Functions – Annuities	N/A
		LU 13-3: Sinking Funds	TVM Functions – Annuities	N/A
		N/A	Loan Amortization Function	N/A
		Review	Review	N/A
		Test 4 – Chapters 12 & 13	Test 4 – TVM Functions & Loan Amortization	N/A
5	09/23 Lab	LU 16-1: Balance Sheet LU 16-2: Income Statement LU 16-3: Trend and Ratio Analysis	N/A	General Journal General Ledger Financial Statement Analysis

6	9/30	LU 17-1: Concept of Depreciation and Straight-Line Method LU 17-2: Units-of-Production Method LU 17-3: SYD Method	Depreciation Functions	Depreciation Schedules
		LU 17-4: Declining-Balance Method LU 17-5: MACRS with Intro to ACRS	Depreciation Functions	Depreciation Schedules/Fixed Asset Records
		LU 18-1: Assigning Costs to Ending Inventory	N/A	Inventory Ledgers
		LU 18-2: Retail Method; Gross Profit Method; Inventory Turnover; Distribution of Overhead	N/A	N/A
		Review	Review	N/A
		Test 5 – Chapters 16, 17, & 18	Test 5 – Depreciation Functions	N/A
		N/A	N/A	Grades

Assessment Activities In order to save valuable time, quizzes will be taken on-line here: http://highered.mcgraw-hill.com/sites/0073137677/student_view0/ Select the appropriate chapter and take both quizzes and e-mail to: lloyd.cook@nwtc.edu
Due Date	Topic/Competency	Activity Due	Points Possible
8/26	Solving for the Unknown	Chapter 5 Quiz	10
	Percents and Their Applications	Chapter 6 Quiz	10
	Chapters 5 & 6	Test 1	100
9/02	Discounts: Trade and Cash	Chapter 7 Quiz	10
	Markups and Markdowns	Chapter 8 Quiz	10
	Chapters 7 & 8	Test 2	100
9/09	Banking	Chapter 4 Quiz	10
	Simple Interest	Chapter 10 Quiz	10
	Promissory Notes, Simple Discount Notes, and the Discount Process	Chapter 11 Quiz	10
	Chapters 4, 10, & 11	Test 3	100
9/16	Compound Interest and Present Value	Chapter 12 Quiz	10
	Annuities and Sinking Funds	Chapter 13 Quiz	10
	Chapters 12 & 13	Test 4	100
9/30	How to Read, Analyze, and Interpret Financial Reports	Chapter 16 Quiz	10
	Depreciation	Chapter 17 Quiz	10
	Inventory and Overhead	Chapter 18 Quiz	10
	Chapters 16, 17, & 18	Test 5	100

Text Homework Assignments (Ungraded)
Chapter	Drill Problems	Word Problems
5	Sets 1 – 3	Sets 1 - 3
6	1 – 22	Sets 1 - 4
7	1 – 20	Word Problems & Additional Set
8	1 - 14	Word Problems & Additional Set
4	1 – 3	Word Problems
10	1 - 13	Word Problems & Additional Set
11	1 – 7	Word Problems
12	1 – 11	Word Problems
13	1 – 10	Word Problems
16	1 – 7	N/A
17	1 - 18	Word Problems
18	1 – 16 and 18 - 20	21 – 23 and 25 - 27

NWTC Supplemental Handbook Homework Assignments (Ungraded)
Tab	Page(s)	Topic
Calculator	1	Calculator – Decimal
	3 – 4	Calculator – Memory Function
	6 – 7	Calculator – Use of Parentheses
	15 - 17	Calculator – Percent Change
	8 – 11	Calculator – Date Function
	12 – 14	Calculator – Rounding Function
	18 – 19	Calculator – Constant Function
CK Register	N/A	Check Register
Reconciliations	2 – 4 & Forms	Bank Reconciliation Forms
Calculator	22 - 32	Calculator – TVM Functions – Lump Sum
	33 - 40	Calculator – TVM Functions - Annuity
	41 - 59	Calculator – TVM Functions – Lump Sum/Annuity
	60 - 72	Calculator – Loan Amortization Function
Journal	N/A	General Journal Forms
Ledger	N/A	General Ledger Forms
Financial Statements	10 – 13 & Problems	Financial Statement Analysis
Calculator	79 – 96	Calculator – Depreciation Function
Depreciation	14 & Fixed Asset Records	Depreciation Schedules/Fixed Asset Records
Inventory	15 & Ledgers	Inventory Ledgers

E-mail your instructor to confirm that you have read and agree to the class policies, procedures, due dates, and terms communicated in this syllabus. Please use the e-mail listed above under Instructor Information.

Copyright © 1996 - 2009 Lloyd Cook
BS - Managerial Accounting - UW-Green Bay.
5 year teaching certificate - Accounting/Computer Applications -
WI Technical College System
Certified Accelerated Learning Facilitator - NWTC-Green Bay
Adjunct Instructor (Digital Photography, Digital Photo Enhancement, Digital Gadgets, Scanners, Internet, E-mail, Web Design, MS Office, Windows XP, &
All Accounting Courses, Economics & Credit Procedures) - NWTC-Marinette
Adjunct Instructor (Financial & Managerial Accounting) - Silver Lake College, Manitowoc, WI (NWTC-Marinette Campus)
Adjunct Instructor (MS Office, Windows, Adobe PhotoShop, Internet, Web Design, & College For Kids) UW-Marinette.
Certified Web Master. Member of: National Society of Accountants International Webmasters Association (IWA)
Internet Society (ISOC) Html Writers Guild (HWG)
Educator member of the Student Photographic Society at studentPhoto.com
Last updated Monday, August 24, 2009 Home