Discipline: Accounting Degree Credit  [X]
Non Credit  [ ]
Nondegree Credit  [ ]
Comm Service  [ ]
 

Riverside Community College District
Integrated Course Outline of Record

Accounting 1A


COURSE DESCRIPTION
1A Principles of Accounting I Units: 3.00
 
Prerequisite(s): None.

Advisory: BUS 20
An introduction to accounting principles and practice, as a manual and/or computerized information system that provides and interprets economic data for economic units within a global society. Includes recording, analyzing, and summarizing procedures used in preparing financial statements. 54 hours lecture.
 
SHORT DESCRIPTION FOR CLASS SCHEDULE
An introduction to financial accounting principles and procedures. Course geared to accounting and business majors.
 
ADVISORY ENTRY SKILLS
Before entering the course, students will be able to:
  1. Develop speed and accuracy in analyzing the fundamental process of mathematics commonly used in making business calculations.

  2. Analyze, explain, apply principles, and solve problems within the subject matter.

  3. Develop a better understanding of mathematical skills required in other business subject such as accounting, management, marketing and computer operations.
STUDENT LEARNING OUTCOMES
 Upon successful completion of the course, students should be able to:

Analyze, explain, solve problems and apply the principles of
financial accounting to varied economic units within a business
entity.

Identify relevant economic data used in manual and computerized
accounting information systems and interpret financial statements.

Evaluate corporate organization, equity rights and structure.

Demonstrate the ability to continue in a university program of
accounting and acquire the required background in any field of
business administration.
 
COURSE CONTENT
  TOPICS
 
  1. Introduction: Accounting Concepts and Principles
  2. Analyzing Transactions
  3. Matching Concept and the Adjustment Process
  4. Completing the Accounting Cycle
  5. Accounting for Merchandising Enterpriss
  6. Accounting Systems and Cash
  7. Receivables and Temporary Investments
  8. Inventories
  9. Plant Assets and Intangible Assets
  10. Liabilities and Bonds
  11. Corporate Equity
 
METHODS OF INSTRUCTION
 Methods of instruction used to achieve student learning outcomes may include, but are not limited to:

  • Present lectures to describe the essentials of business concepts and their applications to society.  The lectures will present financial accounting principles to varied economic units with a within a business entity.
  • Develop and assign exercises to reinforce concepts and encourage students to apply them, so the students may identify and interpret relevant accounting data used in manual and computerized accounting information systems.
  • Create and have students participate in cooperative learning tasks such as small group exercises to identify issues that relate to course content and utilize the content to offer opinions, solutions and analysis with respect to those issues.
  • Present exercises, problems and case studies to provide students with the opportunity to utilize concepts learned in class to evaluate corporate organization, equity rights and structure.
  • Develop and assign tasks/activities such as presentations and web exercises in order to demonstrate the ability to continue in a university program of accounting or acquire the required background in any field of business administration.
  • Facilitate discussions regarding relevant current issues in business to encourage students to make appropriate connections to the course content.
  • Instruction may take the form of online, hybrid, TV or other distance learning format.
 
METHODS OF EVALUATION
 Students will be evaluated for progress in and/or mastery of learning outcomes by methods of evaluation which may include, but are not limited to:

  • Quizzes/examinations and in-class participation demonstrating proficiency to analyze, explain, solve problems and apply principles about business entities.
  • Individual, small group, paired activities and in-class participation which allows the students to demonstrate and identify relevant economic data used in manual and computerized accounting information systems and interpret financial statements and evaluate corporate organization, equity rights and structure.
  • Written reports designed to assess the application of accounting principles.
  • Individual web projects designed to assess student proficiency to demonstrate the ability to continue in a university program of accounting or acquire the required background in any field of business administration.
  • Individual or class projects designed to evaluate the application of accounting principles to simulated business situations.
ASSIGNMENTS

Required Reading Assignments


Required Writing Assignments


Other Outside-of-Class Assignments
 
COURSE MATERIALS
 All materials used in this course will be periodically reviewed to ensure that they are appropriate for college level instruction. Possible texts include:

  • Warren, Reeve, and Fess. Financial Accounting. 8 ed. NJ: Thomson- South Western, 2004.
  • Williams, Haka, and Bettner. Financial and Managerial Accounting. 13 ed. NY: McGraw- Hill Irwin, 2005.
11/06
1