2019-20 ACC 101 Principles of Accounting I O1 Rotondo.docx...

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1ACC 101: Principles of Accounting I15 Weeks Online (3 Credits)Semester:Summer 2020Day(s):OnlineTime(s): OnlineClassroom:N/AInstructor: Michael RotondoOffice Hours:Virtually, by appointmentOffice Location:1 Pent RdPhone Number:Email:mrotondo@goodwin.eduPrerequisite: Foundational Math, CAP 110Course DescriptionThis course is an introduction to financial accountingconcepts and principles.The accounting equation,double entry accounting, and the accounting cyclewill be discussed and demonstrated.Preparationand analysis of financial statements will be animportant part of this course.Various transactionsand adjustments and their impact on the financialstatements also are of major importance to thiscourse.Calculating and interpreting various incomestatement and balance sheet ratios will be required.A project involving the analysis of an annual reportwill also be required.Course GoalThe goal of this course is to introduce the student to thefoundation of double entry accounting and theaccounting cycle.Required TextThe required text for this course is:ÜNobles-Miller, Tracie and Brenda Mattison,Horngren’s Accounting; The Financial Chapters,12thEdition, Pearson Education, Upper Saddle River, NJ,2016ISBN: 13:978-0-13-4486-78-9Student Learning Outcomes and Assessment MethodsLearning OutcomesAssessment MethodsConstruct and balance theaccounting equationExplain double entryaccountingJournalize and PostTransactions and Adjustingand Closing EntriesAssignmentsQuizTestPrepare the Trial BalancePrepare and analyze financialstatementsDiscuss the importance offinancial statements andhow various entries impactthemAssignmentsQuizTestProjectCalculate Cost of Goods Soldand Gross ProfitDetermine Cost of GoodsSold and Ending Inventoryunder various InventoryCosting MethodsAssignmentsQuizTest
2Grading PolicyYour performance in this course is assessed usingmultiple, varied methods in the areas listed below andbased on the expectations as described in the syllabusand outlined in assessment scoring guides or rubrics.Ifyou do not understand the expectations, it is yourresponsibility to ask the instructor questions.Weekly Individual Assignments15%Quizzes15%Projects15%Tests25%Final Exam30%Total100%Grading Key93-100 = A80-82 = B-67-69 = D+90-92 = A77-79 = C+63-66 = D87-89 =B+73-76 = C60-62 = D-83-86 = B70-72 = C-Below 60 = FAssessment MethodsThis section of the syllabus contains a listing with brief

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