Introduction to Financial Accounting
Course Code:
ACG 2021
Credit Hours:
3
Effective beginning:
2023-24
Sections:
001, 700
Course Description:An introductory course in the principles and practices of financial accounting, emphasizing the measurement and reporting of income. The basic accounting model, measuring and reporting assets, liabilities and stockholders’ equity, special reports and analyses of accounting information also are covered. Credit will not be granted for both ACG 2021 and ACG 3024.
Course Details
Instructors:
Sherry Klanjac, CPA
Required textbooks/ course materials:
Financial and Managerial Accounting, 15th, Warren/Reeve/Duchac, Cengage Publishing, 2019. ISBN: 9781337902663.
Cengage Unlimited:
- 1-semester subscription: ISBN 9780357700006
- 1-year subscription: ISBN 9780357700013
- 2-year subscription: ISBN 9780357700020
Assignment/course outline:
See your Instructor First Day Handout for individual instructor assignment schedule.
Discipline-level learning outcomes:
Associates degree in Business Administration Learning Outcomes:
B-1 Demonstrate knowledge of the principles, practices and supervisory responsibilities of management, and ethical and legal issues in a business environment.
B-2 Apply general business workplace competencies, including employability skills and office computer skills.
B-3 Understand business concepts, such as accounting, HR, marketing and organization.
B-4 Communicate effectively in oral and written form, exhibit college level computation and problem-solving skills, and interact appropriately with people of other cultures or backgrounds.
Course-level learning outcomes:
Course-level student learning outcomes | Discipline-level learning outcomes | Assesments method for learning outcomes |
---|---|---|
Synthesize the role of the accountant in a business |
B-1, B-3, B-4 |
Homework, tests, quizzes |
Evaluate the accounting equation steps |
B-1, B-3, B-4 |
Homework, tests, quizzes |
Appraise the rules of double entry bookkeeping and apply knowledge of these rules through preparation of journal entries |
B-1, B-3, B-4 |
Homework, tests, quizzes |
Construct journal entries into ledger accounts (T-accounts) and prepare trial balance |
B-1, B-3, B-4 |
Homework, tests, quizzes |
Propose adjusting entries at the end of the accounting period |
B-1, B-3, B-4 |
Homework, tests, quizzes |
Formulate a worksheet in anticipation of preparing the financial statements |
B-1, B-3, B-4 |
Homework, tests, quizzes |
Contrast financial statements in proper form and understand how they are interrelated |
B-1, B-3, B-4 |
Homework, tests, quizzes |
Evaluate the proper accounting for the following:
|
B-1, B-3, B-4 |
Homework, tests, quizzes |
Means of accomplishing learning outcomes:
In-Person
The instructor will:
- Lecture and lead class discussions.
- Assign readings from textbooks and/or other sources to supplement lectures.
- Provide supplemental materials that align with the material presented in the textbook as appropriate.
- Design assignments, quizzes, discussions, etc., to help students engage with the course material.
- Use other teaching strategies to assist students in examining and understanding course materials as needed.
- Provide timely feedback on assignments.
- Hold weekly office hours to address questions and student needs outside of class time.
The students will:
- Attend class regularly and be attentive to lectures.
- Engage with class discussion.
- Participate in student discussion groups.
- Read assigned readings.
- Complete assignments, quizzes, discussion boards, etc., as assigned by the instructor.
Online
The instructor will:
- Lead class discussions.
- Assign textbook and/or other readings.
- Provide supplemental materials that align with the material presented in the textbook as appropriate.
- Design assignments, quizzes, discussions, etc., to help students engage with the course material.
- Use other teaching strategies to assist students in examining and understanding course materials as needed.
- Provide timely feedback on assignments.
- Hold weekly virtual office hours to address questions and student needs.
The students will:
- Engage with the course regularly.
- Engage with class discussions.
- Participate in student discussion groups.
- Read assigned readings.
- Complete assignments, quizzes, discussion boards, etc. as assigned by instructor.
College-wide policies and resources
For more specific information on Chipola's college-wide academic policies and resources available to students, visit the link below.
Policies & Resources