NORMANDALE COMMUNITY COLLEGE
COURSE SYLLABUS
I. Identifying Information
College Accounting I
Accounting Technology 1101
Credits: 4
Office F 2243 - Tel: 952 487-8326
Classes Canceled Phone Number 952 487-8300
II. Text - College Accounting – Heintz and Parry
Recommended - Working Papers – Heintz and Parry
III. Course Objectives
A. To introduce the discipline of accounting
B. To develop skills in analyzing, interpreting, recording and summarizing business transactions.
C. Develop the skills necessary to prepare essential business records and reports.
D. Develop an understanding of the usefulness and limitation of the balance sheet and income statement.
E. Acquire an understanding of valuation alternatives and how they effect net income.
IV. Evaluation
A. Nine tests given; grade based on high 8
B. Homework 0-20% of grade
C. Tests 0-100% of grade
V. Course Topics
Chapter 2 - Analyzing Business Transactions
A. Revenue Accounts
B. Expense Accounts
Chapter 3 - Recording Business Transactions
A. T Accounts
B. Trial Balance
C. Debits/Credits
Chapter 4 - General Journal & General Ledger
A. Posting to General Ledger
B. Journalizing
Chapter 5 - Adjustments
A. Worksheet
B. Adjustments for Revenue and Expenses
C. Depreciation Methods
Chapter 6 - Closing Entries
A. Post Closing Trial Balance
Chapter 7 - Bank Accounts
A. Cash Funds
B. Bank Reconciliation
C. Petty Cash
Chapter 11 - Accounting for Merchandise-Sales and Cash Receipts
A. Merchandise Sales Transactions
B. Merchandise Sales Accounts
C. Journalizing Sales and Cash Receipts
Chapter 12 - Accounting for Merchandise - Purchase and Cash Payments
A. Merchandise Purchase Transactions
B. Merchandise Purchase Accounts
C. Journalizing Purchases and Cash Payments
C. Cash Payments Journal
Chapter 13- Special Journals
A. Sales Journal
B. Cash Receipts Journal
C. Purchases Journal
D. Cash Payments Journal
Chapter 15 - Work Sheet - Merchandising Business
A. Adjusting Entries
Chapter 16 - Financial Statements - Merchandising Firm
A. Classified Income Statement
B. Closing Entries
C. Working Capital - Current Ratio
Chapter 17 - Accounting for Accounts Receivable
A. Allowance Method
B. Direct Write Off
D. Estimating and writing off uncollectibles
Chapter 18 - Accounting for Notes Receivables
A. Calculating Interest and Determining Due Date
B. Accounting for Notes Receivable
Chapter 19
Accounting for Merchandise Inventory
A. Perpetual vs Periodic Systems
B. Assigning Cost to Inventory and Cost of Goods Sold
C. Estimating Inventory and Cost of Good Sold
Other Class Policies: Common courtesy requires that you minimize disruptions for your classmates by being on time, shut off cell phones & pagers, and refrain from chatting with your neighbor when someone else is talking. The NCC policy on academic dishonesty is in the college catalog as part of the students’ rights and responsibilities. Any student caught cheating, that exam will be given a zero.
Any student not finishing the course and not withdrawing will be given a failing grade.