Fall 2018 Course Syllabi

Dakota College at Bottineau Course Syllabus Course Prefix/Number/Title: ACCT 200 – Elements of Accounting I Instructor: Penny Belgarde Office: Minot State University Campus – DCB Office, Administration Building, Room 160 500 University Ave. West Minot, ND 58707 Office Hours: MWF 9:00 – 9:45am and 2:00 – 4:00pm T-TH 9:00 – 11:00am and 2:30 – 4:00pm *Appointments in advance is appreciated. Phone: 701-858-4339 or 800-777-0750 Ext: 4339, Fax: 701-858-4232 Email: penny.belgarde@dakotacollege.edu Lecture/Lab Schedule: MWF: 12:00 – 12:50 Administration Building, Room 359 – MSU Campus Arntzen IVN, Room 1 – Dakota College at Bottineau Campus Textbook(s): Fundamental Accounting Principles, 23 nd Edition REQUIRED: Textbook or Ebook with Connect Plus ISBN: 9781259693878 *The text book or Ebook works for ACCT 200 and ACCT 201 Course Description: Basic principles of the complete accounting cycle with emphasis on current assets, property, plant and equipment, and current liabilities. Includes lab work using a computerized accounting system. Course Objectives: Students will be able to: 1. Identify the activities within the following cycles and make appropriate journal entries related to the cycle’s financial transactions: a. Revenue b. Expenditures 2. Understand the theory of debits and credits and apply accounting theory to business transactions 3. Examine the conceptual framework of accounting under generally accepted accounting principles 4. Define the function of accounting 5. Interpret and use information provided by financial accounting systems in making business decisions. 6. Explain the purpose and use of financial statements and identify users of financial information 7. Prepare financial statement for service businesses and communicate financial accounting information Evaluate accounting events and transactions and record events utilizing the accounting cycle 8. Prepare and adjust necessary adjusting and closing entries 9. Prepare a trail balance, financial statements, post-closing trial balance, general and subsidiary ledgers 10. Explain internal controls and discuss internal controls in business 11. Establish and prepare entries for petty cash accounting an perform bank reconciliations 12. Compute and journalize interest on notes receivable 13. Apply and evaluate accounting and valuation methods to both periodic and perpetual inventory systems. 14. Account for capitalization, depreciations (amortization or depletion), and the disposal of fixed assets. Differentiate between revenue and capital expenditures 15. Record current liability transactions, including payroll/calculate payroll and payroll deductions 16. Record entries for bad debts expense and allowance for doubtful accounts, including adjusting entries and write-off entries 17. Prepare income statements by department