Discipline: Accounting
CAT-Office Technologies
 Degree Credit  [X]
Non Credit  [ ]
Nondegree Credit  [ ]
Comm Service  [ ]
 

Riverside Community College District
Integrated Course Outline of Record

Accounting 55


COURSE DESCRIPTION
55 Applied Accounting/Bookkeeping
Same as: CAT-Office Technologies 55
 Units: 3.00
 
Prerequisite: None.
 
This is an introductory course for students who are non-accounting majors. The focus is basic bookkeeping and accounting principles for both merchandising and service oriented small business enterprises. Emphasis is on the development of skills to record business transactions for cash and accrual methods, as well as the procedures to prepare financial statements and complete an accounting cycle. Attention is given to special journals, subsidiary ledgers, and payroll and banking procedures. 54 hours lecture.
 
SHORT DESCRIPTION FOR CLASS SCHEDULE
An introduction to basic bookkeeping and accounting principles for students who are non-accounting majors. Emphasis is on recording transactions, preparing financial statements and completing the accounting cycle.
 
ADVISORY ENTRY SKILLS
None.

STUDENT LEARNING OUTCOMES
 Upon successful completion of the course, students should be able to:

Identify common terms used in accounting.

Perform a variety of accounting skills such as journalizing, posting,
double entry accounting, reconcile a bank statement, prepare
financial statements, record adjusting and closing entries, and
complete a worksheet.

Demonstrate a working knowledge or interest calculation and basic
payroll procedures and reporting requirements.

Analyze and record various business transactions for a small
business.
 
COURSE CONTENT
  TOPICS
 

1.   The classification of businesses by ownership structure and type of
      business.
2.   Accounting definitions, an explanation of basic financial
      statements, the accounting equation and the concept of debits
      and credits including normal balances.
3.   Analyzing and recording business transactions using T accounts.
4.   Recording transactions in a journal, posting to the ledger,
      preparing a trial balance, and locating and correcting errors.
5.   Preparing a worksheet including end-of-period adjustments.
6.   Preparing financial statements.
7.   Journalizing and posting adjusting and closing entries and
      preparing a post-closing trial balance.
8.   Special journals and subsidiary ledgers.
9.   Banking procedures and bank account reconciliation.
10. Payroll concepts, procedures and reports.
11. Interest calculations for notes receivable and notes payable
 
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 identifying common terms used in accounting.
  • 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.
  • Develop and assign exercises to reinforce concepts and encourage students to apply them to current business and economic trends and events  so the students may perform a variety of accounting skills such as journalizing, posting, double entry accounting, reconcile a bank statement, prepare financial statements, record adjusting and closing entries, and complete a worksheet.
  • Develop and assign tasks/activities such as presentations in order to demonstrate a working knowledge or interest calculation and basic payroll procedures and reporting requirements.
  • Present exercises, problems and case studies to provide students with the opportunity to utilize concepts learned in class to analyze real world situations. Analyze and record various business transactions for a small business.
  • 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:

  • Individual, small group, or paired activities designed to allow students to demonstrate understanding of basic accounting concepts.
  • Quizzes, exams and in-class participation designed to demonstrate proficiency to identify common terms used in accounting and perform a variety of accounting skills such as journalizing, posting, double entry accounting, reconcile a bank statement, prepare financial statements, record adjusting and closing entries, and complete a worksheet.
  • Written reports designed to assess the application of accounting principles.
  • Individual web projects designed to assess student proficiency to demonstrate a working knowledge or interest calculation and basic payroll procedures and reporting requirements and analyze and record various business transactions for a small business.
  • Individual or class projects designed to evaluate the application of accounting principles to simulated real world situations.
  • Final examination designed to provide objective evidence that students have attained the level of understanding expected in basic bookkeeping and accounting principles for both merchandising and service oriented small business enterprises. 
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:

  • Price, Haddock, and Brock. College Accounting . any: McGraw Hill-Irwin, 2003.
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