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MASTER SYLLABUS |
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ACC 2215 |
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| Class Hours: 3.0 | Credit Hours: 3.0 | ||||||||
| Laboratory Hours: 0.0 | Date Revised: Fall 1999 | ||||||||
| NOTE: This course is not designed for transfer credit. | |||||||||
| Catalog Course Description: | |||||||||
| A study of financial accounting theory and practice, including financial statement presentation and the accounting cycle, current asset measurement and valuation and fixed asset acquisition, depreciation, depletion and disposition. | |||||||||
| Entry Level Standards: | |||||||||
| Elementary algebra and arithmetic must be understood. The student must be able to read and comprehend at the college level. The student must have an understanding of generally accepted accounting principles, recording financial data, end of period adjustments, and financial statement presentation. | |||||||||
| Prerequisites: | |||||||||
| ACC 2120 | |||||||||
| Textbook(s) and Other Reference Materials Basic to the Course: | |||||||||
| Required:
Kieso & Weygandt, Intermediate Accounting, John Wiley & Sons, Inc., Ninth Edition, 1998. Additional Texts Used: Weygandt, Kieso, Kell, Accounting Principles, Fourth Edition. John Wiley & Sons, Inc., 1996. Computerized Practice Set A: Classic Cars and Trains, Inc. Accounting Paper Recommended: Study Guide to accompany text |
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| I. Week/Unit/Topic Basis: | |||||||||
| Week | Topic | ||||||||
| 1 | The Accounting Information System | ||||||||
| 2 | Financial Accounting and Accounting Standards | ||||||||
| 3 | Conceptual Framework | ||||||||
| 4-5 | Partnerships; Principles Textbook | ||||||||
| 6-7 | Cash and Receivables | ||||||||
| 8-9 | Inventories: A Cost Basis Approach | ||||||||
| 10 | Classic Cars & Trains: Practice Set | ||||||||
| 11-12 | Inventories: Additional Valuation Problems | ||||||||
| 13 | Statement of Cash Flows | ||||||||
| 14 | Acquisition & Disposition of Property, Plant and Equipment | ||||||||
| 15 | Depreciation and Depletion | ||||||||
| 16 | Final Exam | ||||||||
| II. Course Objectives*: | |||||||||
| A. | Demonstrate knowledge of the Generally Accepted Accounting Principles and Financial Accounting Theory. I, V, VII, VIII | ||||||||
| B. | Develop an understanding of the accounting cycle. I, II, IV, V, VI, VIII | ||||||||
| C. | Demonstrate a knowledge of the characteristics of financial statements. I, IV, V, VI, VII | ||||||||
| D. | Develop an understanding of the proper accounting treatment of current assets. I, III, V, VII | ||||||||
| E. | Demonstrate knowledge of how to account for long term ca | ||||||||