Course
Description:
ACC 201 Intermediate Accounting I :
This course explores fundamental processes of
accounting theory including the preparation of financial statements.
Also covered are the time value of money, cash and receivables, and the
valuation of inventories. Professional ethics and generally accepted
accounting principles are introduced. (Prerequisite: ACC 101
or ACC 112)
Textbook:
* New
textbook as of summer 2008
Intermediate
Accounting, by Nikolia. Published by CengageNOW- Southwestern
Textbook Ancillaries:
When you purchase a new course
textbook, you receive access to CengageNOW
(formally ThomsonNOW).
This are web-base learning resource specifically designed to supplement
the course and provide a whole new dimension of productive study. Your
instructor will explain how to register and access the product. Please Note:
If you purchase a “used”
textbook, you will be required to buy the CengageNOW access separately.
Important - Mandatory
Departmental Project:
Click here to access information about the
project.
CengageNOW:
CengageNOW is an Internet-based
product designed to help students complete their end-of-chapter exercises and
problems. Students receive automatic and instant scoring. Students
struggling with a particular problem can access hints and tips to expand
their understanding of the concepts. In addition, all department assessment
activities will take place in CengageNOW, so it is important to register
your product. Click here for handout on
registering and click
here for handout on taking
assignments in CengageNOW.
Updates:
Please download the
following updates.
Textbook
corrections
Time value of money
tables
Chapters Covered:
This course covers
the first seven chapters (1-8) in
the textbook. Topics include:
Environment and Theoretical Structure of Financial Accounting, Review
of the Accounting Process, The Balance Sheet and Financial Statement Disclosure,
The income Statement and Statement of Cash flows, Income Measurement and Profitability
Analysis, Time Value of Money and Cash and Receivables and Inventory.
Course
Outcomes and Competencies:
As part of the
Business department’s commitment to teaching effectiveness and ongoing
student learning outcomes assessments activities the following outcomes and
competencies have been developed for ACC 201:
Intended Course Outcome #1: Students will demonstrate overall knowledge of the learning objectives for Intermediate accounting including the financial transactions and financial statements, and understanding of the accounting concepts involving certain current assets.
Course
Competency (Performance Measure): Students will demonstrate
understanding of financial transactions for a corporation and the impact the
transaction have the financial statements, as well as an understanding of
the accounting concepts involving cash, receivables and time value of money.
Measurement Instrument and Success Criteria: All students will
complete a mandatory practice set that based on the learning objectives for
the course. The goal is that 80% of the students will score 70% or higher on
the project.
Publisher's website: The authors have developed a comprehensive resource site for site. It is organized by chapters and contains on-line quizzing, e-lectures, PowerPoint presentations, articles, practice exams etc. Check it out at student website .
Note:
If you do not have Microsoft Word on your computer, to view these
documents, you will need to
download
the MS Word Viewer from the Microsoft website and click the
"Download Now" link. Once you have done this, you may use
your browser's BACK button to return to this page.
Chapter Handouts:
New
handouts are not available yet.
There
are 8 chapter handouts for this course. You may open or download the files
from here or go to the individual chapter page to access the handout. Some
of these files are large (30-40 pages), therefore it may take
several minutes to access them.
These handouts are designed to reinforce the learning objectives of Accounting 201. They are NOT intended to replace reading the textbook and/ or doing the homework. You are responsible for reading all assigned pages in each chapter!
Please note: The material presented in the chapter handouts is copyright-protected and may NOT be reproduce in any manner without the expressed prior written permission of Janice Stoudemire. Click on the following links to access the chapter handouts.
POWERPOINT
PRESENTATIONS:
Click on the following links to access the chapter PowerPoint presentation
.
| ACC 201-Chapter 1 | ACC 201-Chapter 4 | ACC 201-Chapter 7 |
| ACC 201-Chapter 2 | ACC 201-Chapter 5 | ACC 201-Chapter 8 |
| ACC 201-Chapter 3 | ACC 201- Chapter 6 | Time Value Money |
Homework
Solutions:
No homework solutions are provided since the student
is expected to use the CengageNOW feature to complete the homework.
However you may download a list of
check figures.
© 2005 Midlands Technical College
Please send any questions or comments regarding this website to
Janice
Stoudemire at
stoudemirej@midlandstech.edu
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