Syllabus: Instructor E-mail Phone Textbook Course Description

EAC2211 - Principles of Accounting 1 Katherine Parks katherine@fit.edu or katbrandi0228@yahoo.com 252-452-5445 EST No calls before 8:00 am or after 7:00 pm EST Accounting Principles (9th Ed.). Weygandt, Jerry J., Kimmel, Paul D. & Kieso, Donald E. Package includes: Access to WileyPLUS Introduces the financial environment, financial statements, the accounting cycle, and the theoretical framework of accounting measurement emphasizing mechanics, measurement theory, and the economic environment. (Requirement: Must be enrolled in University Alliance.)

Syllabus: Week 1 Lecture Outcomes

EAC2211 - Principles of Accounting 1

Accounting and the Business Environment, Part 1 After completing this module, the student will be able to Use basic accounting vocabulary Apply accounting concepts and principles Work with the accounting equation Analyze accounting transactions Read Chapter 1: Accounting in Action Discussion Initial Post Respond to Week 1 Discussion: Accounting Across the Organization, page 11 Due Wednesday, 11:59 p.m. ET Reply Post Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Reading Discussion

Lecture Outcomes Homework

Accounting and the Business Environment, Part 2 After completing this module, the student will be able to Prepare financial statements Evaluate financial performance Homework Complete Week 1 Homework in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET Quiz Complete Week 1 Graded Quiz covering Chapter 1 of the Accounting textbook This is a 30-question quiz with a 90-minute time limit Must be completed by Sunday, 11:59 p.m. ET

Quiz

Syllabus: Week Lecture Outcomes

EAC2211 - Principles of Accounting 1 2 Recording Business Transactions, Part 1 After completing this module, the student will be able to Use more accounting terms Work with debits and credits Read Chapter 2: The Recording Process Discussion Initial Post Respond to Week 2 Discussion: Accounting Across the Organization, page 58 Due Wednesday, 11:59 p.m. ET Reply Post Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Reading Discussion

Lecture Outcomes

Recording Business Transactions, Part 2 After completing this module, the student will be able to Record transactions in a journal Post from a journal to a ledger Prepare a trial balance from a ledger Use a trial balance Homework Complete Week 2 Homework in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET

Homework

Quiz Complete Week 2 Graded Quiz covering Chapter 2 of the Accounting textbook This is a 30-question quiz with a 90-minute time limit Must be completed by Sunday, 11:59 p.m. ET

Syllabus: Week

EAC2211 - Principles of Accounting 1 3

Lecture The Adjusting Process, Part 1 After completing this module, the student will be able to Outcomes

Employ the accrual method of accounting Match expenses with revenue

Reading Read Chapter 3: Adjusting the Accounts Discussion Initial Post

Discussion

Respond to Week 3 Discussion: Accounting Across the Organizations page 98 Due Wednesday, 11:59 p.m. ET

Reply Post

Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Lecture The Adjusting Process, Part 2 After completing this module, the student will be able to Outcomes

Make adjustments Prepare an adjusted trial balance Use an adjusted trial balance to prepare financial statements

Lecture Completing the Accounting Cycle, Part 1 After completing this module, the student will be able to Outcomes

Prepare an accounting worksheet Use an accounting worksheet

Syllabus:

EAC2211 - Principles of Accounting 1

Reading Chapter 4: Completing the Accounting Cycle Lecture Completing the Accounting Cycle, Part 2 After completing this module, the student will be able to Outcomes

Close the temporary accounts Distinguish between current and long-term assets and liabilities Calculate and use the current and debt ratios

Homework Homework

Complete Week 3 Homework in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET

Quiz Week: 4

Complete Week 3 Graded Quiz covering Chapters 3 and 4 of the Accounting textbook This is a 30-question quiz with a 90-minute time limit Must be completed by Sunday, 11:59 p.m. ET

Lecture Merchandising Operations, Part 1 After completing this module, the student will be able to Outcomes

Account for the purchase and sale of inventory

Reading Chapter 5: Accounting for Merchandising Operations Lecture Merchandising Operations, Part 2 After completing this module, the student will be able to Outcomes

Adjust the accounts of a merchandising business Prepare a merchandisers financial statements Work with gross profit percentage and inventory turnover Calculate Cost of Goods Sold using the periodic inventory method

Syllabus:

EAC2211 - Principles of Accounting 1

Lecture Merchandise Inventory, Part 1 After completing this module, the student will be able to Outcomes

Master the basic vocabulary of inventory accounting Distinguish between physical flow of merchandise and cost flows

Reading Chapter 6: Inventories Discussion Initial Post

Discussion

Respond to Week 4 Discussion: Accounting Across the Organization, page 251 Due Wednesday, 11:59 p.m. ET

Reply Post

Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Lecture Merchandise Inventory, Part 2 After completing this module, the student will be able to

Outcomes

Account for inventory under the FIFO, LIFO, and average cost methods Use the lower-of-cost-or-market rule to inventory Measure the effect of inventory errors Use the gross profit method to estimate ending inventory Calculate and use the current and debt ratios

Homework Homework

Complete Week 4 Homework in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET

Quiz

Complete Week 4 Graded Quiz covering Chapters 5 and 6 of the Accounting textbook

Syllabus:

EAC2211 - Principles of Accounting 1 This is a 30-question quiz with a 90-minute time limit Must be completed by Sunday, 11:59 p.m. ET

Week: 5 Lecture Receivables After completing this module, the student will be able to

Outcomes

Design internal controls for receivables Account for and write off uncollectible receivables Account for notes receivable Report receivables on the balance sheet Use the acid-test and days sales receivables ratios

Reading Chapter 9: Accounting for Receivables Discussion Initial Post

Discussion

Respond to Week 5 Discussion: Investor Insight, page 406 Due Wednesday, 11:59 p.m. ET

Reply Post

Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Homework Homework

Complete Week 5 Homework in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET

Quiz Week: 6

Complete Week 5 Graded Quiz covering Chapters 9 of the Accounting textbook This is a 30-question quiz with a 90-minute time limit Must be completed by Sunday, 11:59 p.m. ET

Syllabus:

EAC2211 - Principles of Accounting 1

Lecture Long-Lived Assets, Part 1 After completing this module, the student will be able to Outcomes

Determine the cost of a plant asset

Reading Chapter 10: Plant Assets, Natural Resources, and Intangible Assets Discussion Initial Post

Discussion

Respond to Week 6 Discussion: Accounting Across the Organization, page 456 Due Wednesday, 11:59 p.m. ET

Reply Post

Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Lecture Long-Lived Assets, Part 2 After completing this module, the student will be able to Outcomes

Calculate and record depreciation

Homework Homework

Complete Week 6 Homework in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET

Lecture Long-Lived Assets, Part 3 After completing this module, the student will be able to Outcomes

Evaluate tax depreciation alternatives Account for disposal of a plan asset Account for intangible assets

Syllabus:

EAC2211 - Principles of Accounting 1 Complete Week 6 Graded Quiz covering Chapters 10 of the Accounting textbook This is a 30-question quiz with a 90-minute time limit Must be completed by Sunday, 11:59 p.m. ET

Quiz Week: 7

Lecture Current Liabilities and Payroll After completing this module, the student will be able to

Outcomes

Account for current liabilities Determine estimated liabilities Perform payroll calculations Record typical payroll transactions Use a payroll system

Reading Read Chapter 11: Current Liabilities and Payroll Accounting Discussion Initial Post

Discussion

Respond to Week 7 Discussion: Accounting Across the Organization, page 492 Due Wednesday, 11:59 p.m. ET

Reply Post .

Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Homework Homework

Complete Week 7 in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET

Quiz

Complete Week 7 Graded Quiz covering Chapter 11 of the Accounting textbook This is a 30-question quiz with a 90-minute time limit

Syllabus:

EAC2211 - Principles of Accounting 1

Must be completed by Sunday, 11:59 p.m. ET

Week: 8 Lecture Corporations After completing this module, the student will be able to

Outcomes

Identify the attributes of a corporation Account for stock issuance Prepare the stockholders equity section of a balance sheet Account for cash dividends Use the return on assets and return on stockholders equity ratios Account for corporation income tax Chapter 13: Corporations: Organizations and Capital Stock Transactions Chapter 14: Corporations: Dividends, Retained Earnings, and Income Reporting

Reading

Discussion Questions Initial Post

Discussion

Respond to Week 8 Discussion: Accounting Across the Organization, page 584 Due Wednesday, 11:59 p.m. ET

Reply Post

Respond to one or more of your classmates' postings to the above Due Sunday, 11:59 p.m. ET

Homework Homework

Complete Week 8 Homework in WileyPLUS Must be completed by Sunday, 11:59 p.m. ET

Exam Final Exam

Syllabus:

EAC2211 - Principles of Accounting 1

Complete Week 8 Comprehensive final Exam covering Chapters 1, 2, 3, 4, 5, 6, 9, 10, 11, 13, 14 of the Accounting textbook This is a 52-question exam with a 2 1/2 hour (150-minute) time limit Must be completed by Sunday, 11:59 p.m. ET