Mastering GAAP: Essential Skills for Accounting Success
School
CUNY Queens College**We aren't endorsed by this school
Course
ACCT 201
Subject
Accounting
Date
Dec 11, 2024
Pages
6
Uploaded by JusticeRookPerson4081
QUEENS COLLEGE OF THE CITY UNIVERSITY OF NEW YORKDEPARTMENT OF ACOUNTING AND INFORMATION SYSTEMSACCOUNTING 201 SYLLABUSSpring 2021ACCT-201 Section 03 (Prerequisite ACCT -102)Tuesday and Thursday from 2:15 to 4:05 PMCOURSE OBJECTIVESThe objective of this course is to provide students with the skills and knowledge needed to obtain a conceptual, analytical, and practical understanding of Generally Accepted Accounting Principles (GAAP)specified in the Financial Accounting Standards Board's (FASB) authoritative Accounting Standards Codification (ASC). Applicable guidance of the Securities and Exchange Commission will also be studied. GAAP is given comprehensive in depth coverage and is tempered with a discussion of international financial reporting accounting standards as they relate to the convergence objectives of the FASB and International Accounting Standards Board. The course also emphasizes the requisite skills needed to critically analyze and solve complex financial accounting problems using the FASB's computerized Accounting Standards Codification and Microsoft Excel. In addition to enhancing students' critical thinking and computer literacy, a major objective will be to develop their skills relating to written and oral communication in financial accounting. This aggregate knowledge will enable students to fully understand, utilize, and communicate the guidance issued by the authoritative bodies of the accounting profession needed to meet the accounting challenges of our current and future economic environments.Instructor:Tao Sun, PhD, CPAEmail:tao.sun@qc.cuny.eduOffice Hours: 6:45 PM – 7:45 PM Tuesday and ThursdayThrough Zoom (Please send me an email in advance.)REQUIRED MATERIALSAccounting TextIntermediate AccountingKieso, Weygandt, and Warfield,John Wiley, 17th Edition, 2019(Loose -leaf edition) (ISBN: 9781119503583)Including Wileyplus AccessBlackboard Materials:Lecture slides and exercises.COURSE POLICIES:Grading:Exam #125%Exam #225%Exam #325%WileyPlus - Homework 25%Total 100%Grading Scale:95-100% A+1
90-94.99%A85-89.99%B+80-84.99%B75-79.99%C+70-74.99%C60-69.99%DBelow 60FCOURSE STRUCTUREThis course will be offered online through Blackboard Collaborate Ultra synchronously. Lectures: Lectures will be held through Blackboard Collaborate Ultra on Tuesday and Thursday from 2:15to 4:05 PM each week except for holidays and exams. Instructions on how to find the following Blackboard Collaborate Ultra sessions: After enteringthe course “2021 Spring Term Intermediate Accounting l ACCT 201 03” on the blackboard,click the Blackboard Collaborate Ultra Link of the left of the screen, then click the IntermediateAccounting I session a few minutes before the scheduled time, and then click “Join session” onthe right of the screen.Our class sessions through Blackboard Collaborate Ultra will be recorded for students who mightwant to watch it after the class. Those recordings can be access by clicking “BlackboardCollaborate Ultra” on the left of the screen, then clicking Menu, which is a triple line symbol“≡” on the left of the Sessions row, and then clicking “Recordings”Students who participate in this class with their camera on or use a profile image are agreeing tohave their video or image recorded solely for the purpose of creating a record for studentsenrolled in the class to refer to, including those enrolled students who are unable to attend live.If you are unwilling to consent to have your profile or video image recorded, be sure to keepyour camera off and do not use a profile image. Likewise, students who un-mute during class andparticipate orally are agreeing to have their voices recorded. If you are not willing to consent tohave your voice recorded during class, you will need to keep your mute button activated andcommunicate exclusively using the "chat" feature, which allows students to type questions andcomments live.Blackboard Exercises:Exercises, which will be posted on blackboard, will help you prepare for the exams. WileyPlus AssignmentsYou are encouraged to complete WileyPlus Homework on a weekly basis. The assignments will beposted after the class and is due before each exam using the online system. Your grade for homeworkproblems will depend upon the completion of the problems correctly and being done by the due date. To register for your course simply go to www.wileyplus.com/go/login. Click “Sign up now” to create anaccount. You will be asked to enter your course section ID (A35550) for ACCT 201 Section 03 Spring2021 to find your course and complete the registration process.If you already have a WileyPLUS account, just log in and click the yellow ‘Add more courses’ button.You will be asked to enter your course section ID (A35550) to find your course and complete theregistration process.2
The due date of WileyPlus Assignment Cannot be extended.Due dates of WileyPlus AssignmentsChapter 1, 2, 3, 4, and 5 assignments will be due on March 2Chapter 6, 7, 8 and 9 assignments will be due on April 8 Chapter 10, 11,12 and 18 assignments will be due on May 13.ExamsExams – There will be three exams as listed on the course schedule. Each exam will be worth25% for a total exam grade of 75%. Please note that the Final Exam is not cumulative! In theevent of a documented emergency, permission to reschedule the test must be obtained from theinstructor before the test day. If a student does not complete an exam, then a grade of zero willresult for that test. All the three exams including two midterm and the final are two-hour online exams throughWileyPlus. Students need access to WileyPlus to take the exam. Even though students canchoose anytime to take the exam within the exam days, the exam has to be completed within twohours once started. Mar 4 Midterm 1 (Chapters 1, 2, 3, 4 & 5). Available online from Mar 3 to Mar 7.Apr 13 Midterm 2 exam (Chapters 6, 7, 8 & 9). Available online from Apr 9 to Apr 13Final Exam (Chapter 10, 11, 12 and 18)Weekly–Each week, students are asked to read assigned chapters or portions of chapters and complete homework.Other Policies:Students need to have access to internet for this course.This syllabus is subject to change at the instructor’s discretion. Students will receive a notice if the syllabus is changed.REASONABLE ACCOMMODATIONS FOR STUDENTS WITH DISABILITIESCandidates with disabilities needing academic accommodation should: 1) register with and provide documentation to the Special Services Office, Frese Hall, Room 111; 2) bring a letter indicating the need for accommodation and what type. This should be done during the first week of class. For more information about services available to Queens College candidates, visit the website, or contact: Special Service Office; Director, Miriam Detres-Hickey, Frese Hall, Room 111; 718-997-5870.CUNY POLICY ON ACADEMIC INTEGRITYAcademic Dishonesty is prohibited in The City University of New York and is punishable by penalties, including failing grades, suspension, and expulsion as provided at https://www.cuny.edu/about/administration/offices/legal-affairs/policies-procedures/academic-integrity-policy/.3
DateTopic4
Feb 2Syllabi& Ch1Financial Accounting and Accounting Standards Feb 4Ch2Conceptual Framework for Financial ReportingFeb 9Ch3The Accounting Information SystemFeb 11Ch3The Accounting Information SystemFeb 16Ch4Income Statement and Related InformationFeb 18Ch4Income Statement and Related InformationFeb 23Ch5Balance Sheet and Statement of Cash flowFeb 25Ch5Balance Sheet and Statement of Cash flowMar 2Answer questionsWileyPlus Homework Due on March 2Mar 4First exam (Ch1 --- Ch5) Exam available Mar 3-Mar 7Mar 9Ch6Time value of moneyMar 11Ch7Cash & ReceivablesMar 16Ch7Cash & ReceivablesMar 18Ch8Valuation of Inventories : A Cost Basis approachMar 23Ch8Valuation of Inventories : A Cost Basis approachMar 25Ch9Valuation of Inventories: Additional Valuation IssuesMar 27-Apr 4Spring RecessApr 6Ch9Valuation of Inventories: Additional Valuation IssuesApr 8Answer QuestionsWileyPlus Homework due on April 8Apr 13Second exam (Ch6 --- Ch9) Exam available Apr 9-13Apr 15Ch10Acquisition and Disposition of Property, Plant & EquipmentApr 20Ch10Acquisition and Disposition of Property, Plant & EquipmentApr 22Ch11Depreciation, Impairments and DepletionApr 27Ch11Depreciation, Impairments and DepletionApr 29Ch12Intangible AssetsMay 4Ch12Intangible AssetsMay 6Ch18Revenue RecognitionMay 11Ch18Revenue RecognitionMay 13Answer QuestionsWileyPlus Homework Due on May 13Final WeekFinal exam (Ch 10, 11 ,12 & 18)Discounted Intermediate Accounting Textbook for ACCT 201/202 students at Queens College5
Purchasing Instructions: New WileyPLUS Promo Code Your promo code forthe Cuny Queens College course ACCT 201/202 is one of the following two codes： QNC09 or QNCO9Please follow the steps outlined below to access/create your WileyPLUS course and make your WileyPLUS online access purchase using the Promo Code listed above.●Please use this URL: https://www.wileyplus.com/student-login.htmlfor student sign up or to create a WileyPLUS student account.oA new Wiley user will click on “Don’t have an account? Sign up now”oAn existing Wiley user (meaning that you have either taken a WileyPLUS e4, WileyPLUS Learning Space●Enter your Course ID (provided by your instructor)The next screen will display the WileyPLUS purchasing options. Please note when you are using a promo code, you must select one of the following options: 1.Two Semester/12 Month WileyPlus Access for $100, which includes access to WileyPlusand the full Etext.2.A per semester option which provides access to WileyPlus and the Etext for $69.●Complete the Billing address page●Add the Promo Code (The discount will not display until you have completed the credit card process in the next step.)●Fill out the payment information page●Students review their order number and confirms that they can get into their course6