ACC 310 ACCOUNTING SYSTEMS AND CONCEPTS
SPRING 2010

Section 01 - M,W 2-3:50   Alger 102
Instructor: Jane Przybyla
Office: Alger Hall, Room 234
Office Hours:
M 1-2; T 12-1;
Th 9-10; 12-1
Phone: My office telephone number is 456-9546. All students will be registered into the course WebCT site and I prefer that you communicate with me (and encourage you to communicate with your class peers) via WebCT e-mail.  

Required Texts:
1) Computerized Accounting Using  Microsoft Dynamics - Great Plains 10.0 (2 volumes), 4rd edition,  Arens & Ward, Armond Dalton Publishers, Inc., 2008- Purchase a new copy; do not purchase a used set. You will need a 2 gigabyte flash drive when working with the Great Plains software.

2) Intermediate Accounting, Kieso, Weygandt, & Warfield, 13th edition, Volume 1, John Wiley & Sons, Inc., 2010. The text website is located at www.wiley.com/college/kieso. Some of the aids provided at this website are chapter PowerPoint presentations, check figures for selected problems and self-grading chapter quizzes.

Prerequisites: ACC 201 and CIS 251. Familiarity with the Windows environment is essential to use the Great Plains software.

Description: This course will  provide an accelerated review of the financial accounting cycle and hands-on experience using accounting software in lab sessions. Financial reporting concepts and practices, including the conceptual framework and present value concepts, are covered in lecture sessions, with a focus on current reporting issues and controversies. It is intended that students will accomplish the following objectives:

 Grade Distribution: 

Exams: 3 @ 100 points each; 300 points
8 Projects: including lab and Great Plains assignments; 170 points
Total Possible Points:
470 points

Final Grade = Total Points Earned / Total Possible Points
Scale: 92+ A, 89-91 A-, 87-88 B+, 82-86 B, 79-81 B-, 77-78 C+, 72-76 C, 69-71 C-, 67-68 D+, 62-66 D, 59-61 D-

 Attendance: Absenteeism can only be detrimental to your progress in the course and your mastery of the subject matter. Your regular attendance is expected and necessary for turning in assignments by the due date and receiving lab assignments, supplemental materials and instructions from the instructor. All cell phones should be turned off and stored in your knapsack before class begins. Cell phones are not permitted to be used during exams.

Make-up exams are not available.
Project/lab assignments are due at the beginning of the class session. Late submissions will not be accepted.

TENTATIVE
SCHEDULE :
K = Kieso & Weygandt text; GP = Great Plains text

WEEK

CHAPTER

TOPIC

1

K 1

Introduction

2&3

K 3 

Accounting Information System

4

K 3; GP 1,2

Review; Introduction to Great Plains, Familiarization

5

GP 3

Exam; GP-Overview of GP Activities

6

K 2; GP 4

Conceptual Framework; GP-Revenue Cycle

7

K 2; GP 5,6

Conceptual Framework; GP-Expenditure Cycle, Payroll, Bank Reconciliation, Maintenance Activities

8

K 4; GP 7

Income Statement; GP-Complete Accounting Cycle

9

K 4; GP 7

Income Statement; GP-Complete Accounting Cycle

10

GP 8

Exam; GP-Internal Controls

11

K 5; GP 9

Balance Sheet; GP-New Company Set-up

12

K 5

Balance Sheet

13

K 6

Accounting and the Time Value of Money

14

K 6

Accounting and the Time Value of Money; Review and Wrap-up

The following is a tentative list of assignments for class discussion for the Kieso & Weygandt text. Specific assignments will be made at the end of each class.

Chapter 1: CA1-6, 1-8, 1-12
Chapter 3: E3-1, 3-3, 3-7, 3-10, 3-14, 3-15, 3-18;  P3 -2, 3-3,3-10; P&G Financial Reporting Problem (FRP)
Chapter 2: E2-2, 2-3, 2-7; CA 2-9; P&G FRP; FSAC
Chapter 4: E4-1, 4-4, 4-8, 4-13; P4-6, 4-7; CA4-4, 4-5; P&G FRP
Chapter 5: E5-3, 5-10, 5-13, 5-18; P5-2, 5-7; P&G FRP
Chapter 6: E6-2, 6-4, 6-6, 6-7, 6-10, 6-11; P6-1, 6-2, 6-14