Accounting 180 Survey of Accounting - Syllabus
Schedule
Lesson 01 Intro Lesson
Lesson 02 An Introduction to Accounting
Lesson 03 Understanding the Accounting Cycle
Lesson 04 Accounting for Merchandising Business
Lesson 05 Accounting for Long-Term Assets
Lesson 06 Accounting for Liabilities
Lesson 07 Types of Ownership
Lesson 08 Financial Aid Statement Analysis
Lesson 09 Monopoly Project/Financial Review
Lesson 10 Introduction to Managerial Accounting
Lesson 11 Cost Behavior
Lesson 12 Relevant Cost Decision Making Model
Lesson 13 Planning Profit and Cost Control
Lesson 14 Budget Preparation and Analysis Project (Course Conclusion)
Course Description
Outcomes
- Explain and demonstrate financial accounting principles
- Explain and demonstrate managerial accounting principles
- Create and analyze basic accounting statements
- Analyze and use various management applications
Description
This course is an introduction to financial and managerial accounting principles with exposure to basic accounting statements, processes, and management applications. The class is intended for non-business majors and certain specialized business programs (such as a business management minor). This course should not be taken by business management or accounting majors.
**Late Work is NOT Accepted
Important Reminders
- This class is not intended for business and accounting majors!
- All Exams are open-book and non-comprehensive
Learning Model Architecture
This course runs on a weekly cycle in the BYU-Idaho learning model. Students will prepare for each lesson by reading the assigned material. They will teach one another and ponder and prove what they have learned through weekly group discussion activities. The homework assignments will be administered through an online service called McGraw-Hill's Connect + and are due each week. You will not be submitting any homework problems here on I-Learn. The weekly group discussion activity will be done in I-Learn on group discussion boards called "Group Activity" in each lesson folder. Students will read the week's discussion topics and follow the instructions for engaging in discussions with group members on the discussion board. They will also prove what they have learned through reading quizzes in I-Learn and exams through McGraw-Hill's Connect +."
Prerequisites
None
Required Materials
Purchase the electronic package: Connect+ access with ebook and homework component. University Store IBSN for this package is 978-0077631536. The included e-text is the Survey of Accounting 4th Ed. 2014, by Edmonds, McNair, Olds, and Tsay, Published by McGraw-Hill.
- You can choose to purchase a copy of the physical text, if you prefer to study with a book. However, Connect+ access will still be required for the course. Therefore, purchasing a used book is only a viable option if you want BOTH a hard copy and access to an ebook and are willing to pay for both.
Compare Prices for your textbooks through the University Store Comparison site. They will show you all of the options from the University Store plus several online options to help you find the best price.
Grading Policies
Your grade in this course is calculated based on total points earned divided by the total points possible, resulting in a percentage which corresponds to the letter grade (refer to table below). The following category percentages are approximate figures to help you understand the impact of each type of assignment on your overall semester grade.
Examinations 54%
Quizzes 10%
Homework 15%
Group Activities 18%
Group Participation 3%
| 93-100 | A | 80-82 | B- | 67-69 | D+ |
| 90-92 | A- | 77-79 | C+ | 63-66 | D |
| 87-89 | B+ | 73-76 | C | 60-62 | D- |
| 83-86 | B | 70-72 | C- | <60 | F |
Exams
Format
During this course you will be tested on the materials we are covering in this class by taking four exams plus the final, for a total of five exams. As noted above, exams represent about 54% of your final grade.
All exams are taken in McGraw’s Connect online portal. The format of each exam consists of a series of multiple choice questions. Some of the questions will ask about the theory, rules and principles of accounting. The rest of the questions will have to be solved using calculations.
The exams are open book. You can use your paper copy of the textbook or eBook, whichever you use for your homework study. There is no time limit on the exams, and you can save and resume the exams if you have to stop. However, you can only submit the exams once.
Material Covered on Each Exam
Each exam begins on a Friday and ends on Monday (Mountain Time), so please plan your schedule accordingly. You will have a whole week to take the final exam.
- Exam #1 – covers the materials from Lessons 2 – 3. Starts the Friday of Lesson 3, and ends the following Monday.
- Exam #2 - covers the materials from Lessons 4 – 5. Starts the Friday of Lesson 5, and ends the following Monday.
- Exam #3 - covers the materials from Lessons 6 – 8. Starts the Friday of Lesson 8, and ends the following Monday.
- Exam #4 - covers the materials from Lessons 10 – 11. Starts the Friday of Lesson 11, and ends the following Monday.
- Final Exam - covers the materials from Lessons 12 – 13. Starts the Monday of Lesson 13, and ends on Saturday of that final week.
Monopoly Assignment or Alternative Assignment
In the second half of the semester, you will take a step back from your regular routine and spend one week applying your knowledge to a scenario that happens every time someone decides to take a risk and start a new business. You will research the requirements for starting a business where you live, and you will see a series of transactions that a typical business faces as it begins its operations. Based on that information, you will record all the transactions in your first set of books, and prepare financial statements.
If you have access to a Monopoly board game, you will complete the Monopoly assignment. If you do not have access to this game, you will complete the Alternative assignment.
Final Project
During the final week of the course, you will complete a final project in Connect. The format of the project will be similar to the one used in your weekly homework. You will be given a set of scenarios and transactions, and you will be required to prepare various reports and financial statements based on that information. As you do so, you will apply all the knowledge you gained during the semester.
The difference between the final project and your regular homework is that the project will draw upon the knowledge from the whole course rather than focus on the most recent material covered in the textbook. Most students find this project to be quite useful as a review of the material and for retaining knowledge from the course.
University Policies
Student Honor
Student Honor is following the path of discipleship and learning to be more like Christ-learning to think, to feel, and to act more as He does. Living a life of honor:
- Begins as we learn and live the baseline standards of the Honor Code, understand their purposes, and are true to the promises we have made.
- Continues as we heed the promptings of the Spirit to raise our personal bar of righteousness and foster a spirit of integrity, sacrifice, consecration, love, service, and willing obedience as students and throughout our lives.
- Prepares our hearts for devoted discipleship in the family, church, work, and community.
Honor Code | Academic Honesty | Dress and Grooming Standards
Students with Disabilities
BYU-Idaho is committed to providing a working and learning atmosphere which reasonably accommodates qualified persons with disabilities. If you have any disability which may impair your ability to complete this course successfully, please contact the Services for Students with Disabilities Office at 208.496.1158. Reasonable academic accommodations are reviewed for all students who have qualified documented disabilities. Services are coordinated with the student and instructor by this office. If you need assistance or feel you have been unlawfully discriminated on the basis of disability, you may seek resolution through established policy and procedures. Contact the Personnel Office at 208.496.1130.
Sexual Harassment
Title IX of the Education Amendments of 1972 prohibits sex discrimination against any participant in an educational program which receives federal funds, including federal loans and grants. Title IX also covers student-to-student sexual harassment. If you encounter unlawful sexual harassment or gender-based discrimination, please contact the Personnel Office at 208-496-1130.