ACC 1080 SYLLABUS S1608 Fall 2018 (1).doc - COURSE OUTLINE...

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Financial Accounting: The Impact on Decision Makers
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Chapter 8 / Exercise 01
Financial Accounting: The Impact on Decision Makers
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COURSE OUTLINE - ACCOUNTING 1080 FALL 2018 I. COURSE INFORMATION Principles of Accounting I Section 1608 Time: Monday & Wednesday 6:00 - 7:55 p.m. Location: C 223 II. INSTRUCTOR INFORMATION: Name : Thomas Nelson, Adj. Prof. Email: [email protected] Office: South Campus, Bldg. C Room 200 Mailbox III. TEXTBOOK & SUPPLEMENTS: Horngren’s Accounting by Nobles, Mattison, & Matsumura – ACCT 1080 Custom Edition for MCC– Required ISBN 13: 978-1-323-12508-3 Scantron Forms, Four – Required #2 pencils – Required SIMPLE CALCULATOR ONLY MyAccountingLab (MAL) Recommended IV. STUDENT ACADEMIC COURSE OUTCOMES: Outcome 1. Upon completion of this course, students will be able to identify accounting theory at an introductory level. Outcome 2. Upon completion of this course, students will be able to apply accounting techniques at an introductory level. V. OUTLINE OF MAJOR EDUCATIONAL OBJECTIVES BY CHAPTER: Upon completion of this course, the student should know/be able to: Chapter 1 - Accounting and the Business Environment 1. Explain why accounting is important and list the users of accounting information 2. Describe the organizations and rules that govern accounting 3. Describe the accounting equation and define assets, liabilities, and equity 4. Use the accounting equation to analyze transactions 5. Prepare financial statements 6. Use financial statements and return on assets (ROA) to evaluate business performance Chapter 2 - Recording Business Transactions 1. Explain accounts as they relate to the accounting equation and describe common accounts 2. Define debits, credits, and normal balances using double-entry accounting and T-accounts 3. Record transactions in a journal and post journal entries to the ledger 4. Prepare the trial balance and illustrate how to use the trial balance to prepare financial statements 5. Use the debt ratio to evaluate business performance Chapter 3 - The Adjusting Process 1. Differentiate between cash basis accounting and accrual basis accounting 2. Define and apply the time period concept, revenue recognition, and matching principles 3. Explain the purpose of and journalize and post adjusting entries 4. Explain the purpose of and prepare an adjusted trial balance 5.Identify the impact of adjusting entries on the financial statements 1. Prepare the financial statements including the classified balance sheet
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Financial Accounting: The Impact on Decision Makers
The document you are viewing contains questions related to this textbook.
Chapter 8 / Exercise 01
Financial Accounting: The Impact on Decision Makers
Norton/Porter
Expert Verified

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