Business 181 Syllabus - Fall 2018 Monday and Wednesday PDF

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HAROLD WASHINGTON COLLEGE Business 181: Financial Accounting FALL 2018 – SYLLABUS INSTRUCTOR: Mark L. Yates. BS Accounting, MBA Management Accounting

[email protected] 312-479-5395 REQUIRED TEXTS: Warren, Reeve, Duchac Financial and Managerial (14th ed) COURSE OBJECTIVES: The objective of this course is to provide the student with a

familiarization with financial accounting concepts related to generally accepted accounting principles (GAAP), the accounting cycle, financial statement preparation and the analysis and reporting of business transactions. Emphasis will be placed on developing problem solving analytical skills necessary both in practice and for certification examinations. By the end of the course the students will be able to: 1. Understand the uses of accounting information, the role of the profession, purpose of the accounting equation, and the purpose of each financial statement and their preparation. 2. Be able to analyze basic transactions and record them in a journal. 3. Identify steps in the accounting cycle. 4. Be able to analyze basic transactions and record them in a journal. 5. Describe the accounting cycle, and prepare the four financial statements for a business organization, using good form. 6. Understand accounting principles and theory related to inventory, long-term assets, liabilities and equity accounts and record entries for a merchandising operation and prepare financial statements. 7. Understand the requirements for a system of internal controls. 8. Utilize various methods in recording uncollectible receivables and understand their effect on financial statements. 9. Record the purchase, use, and disposal of long-term assets and intangible assets. 10. Understand the major types of current and long-term liabilities and how each are accounted for and handled on the financial statements. 11. Explain the various accounts that comprise stockholders equity and understand how equity transactions such as issuance of stock, dividends and stock splits are handled. CLASS DESCRIPTION: Business 181 is a 4 credit hour course. The class will meet on

Mondays and Wednesdays, except on designated college holidays. OFFICE HOURS: By appointment.

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Syllabus: Business 181 Fall 2018

If you wish an appointment, please e-mail me or call and request an appointment; also, in your message, please suggest the day and time at which you wish to meet. Please include a telephone number or e-mail address so that I can confirm the appointment. GRADING POLICY: Final letter grades will be assigned on the basis of examinations. EXAMINATIONS: There will be an exam after each chapter. Each exam will include

material from the text. Each test will be letter graded (A=4, B =3, C = 2, D=1, F=0). Each student will be allowed to drop their lowest letter grade in the calculation of their final semester grade. Make-up examinations will be offered only at the discretion of the instructor in accordance with College rules based on verifiable and significant reasons. CLASS PARTICIPATION: Each student is also expected to regularly attend class and

participate in all types of class discussions. Students are responsible for all matters discussed in class. Numerous unexcused absences will adversely affect a student’s overall grade for the class.

Please Note: The instructor reserves the right to change any portion of this course, including any matter detailed in this syllabus, at any time, with or without notice to the class, if the instructor determines, in his discretion, that changes are appropriate and/or necessary.

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