Course Lecturer Name(s): Mr. Troy J. Noel BA, MSc, FCCA
Course Director Name: N/A
Course Lecturer(s) Contact Information: 444 – 4175 ext. 3475
Course Director Contact Information: N/A
Course Lecturer(s) Office Hours: Mondays & Wednesdays 3:00 PM to 5:00 PM Tuesdays & Thursdays 2:30 PM to 5:30 PM
Course Director Office Hours: N/A
Course Lecturer(s) Office Location: Building C –Windward Hall
Course Director Office Location: N/A
Course Support: Tracy Fortune, tfortune@sgu.edu, ext. 3373
Course Management tool: To learn to use Sakai, the Course management tool, access the link https://apps.sgu.edu/members.nsf/mycoursesintro.pdf
Course Description:
This course introduces students to the subject and principles of accounting. It emphasizes the importance of double-entry in the accounting field. It also involves the preparation of simple financial statements.
Course Objectives:
- Articulate the basic principles underlying the logic of accounting;
- Analyze business transactions in terms of their effects on ledger accounts;
- Prepare financial statements given a list of business transactions for a specific period;
- Discuss the kind of information that may be gained about a business entity given its financial statements and be knowledgeable about various issues relating to the Income Statement, Balance Sheet (the Statement of Changes in Financial Position);
- Articulate how accounting decisions impact various parties such as management, owners, creditors and employees.
Student Learning Outcomes:
- Fully understand the principle of Double-Entry Accounting for the sole trader type business;
- Understand a trial balance to the point of effectively classifying the accounts into its various types: (namely: Assets, Liabilities, Capital, Revenues, Expenses and Contra);
- Apply the knowledge to an actual business;
Program Outcomes Met By This Course:
ISLO-1: Students will be able to apply ethical skills to lead and manage in their respective business discipline.
ISLO-3: Students will be able to demonstrate effective written and oral communication skills.
SAS Grading Scale:
Grades will be assigned as follows:
- A = 89.5% or better
- B+ = 84.5 - 89.4%
- B = 79.5 - 84.4%
- C+ = 74.5 - 79.4%
- C = 69.5 - 74.4%
- D = 64.5 - 69.4%
- F = 65% or less
Course Materials:
- Prescribe Text:
- Financial Accounting (6th Edition) by Harrison and Horngren
- Additional Resources:
- Business Accounting 1 by Frank Wood
- Any Financial Accounting Text
Course Grading Requirement:
Grades will be based on the following:
- Homework Assignments; 15%
- Class Quizzes: 30%
- Attendance: 5%
- Mid Term Exam: 20%
- Final Exam (Cumulative Exam): 30%
Lesson 1: An Introduction to Accounting
- Introduction to course design and administrative details
- The purpose and nature of accounting and accounting information
- Financial statements
- Users of Financial Statements
- Qualitative Characteristics of Financial Information
- Forms of Business Organization
- Selection of an appropriate form of business organization
Quiz # 1 Lesson 2: The Accounting Principles and Concepts
- The Accounting principles and Concepts
Lesson 3: Basic Financial Statements
- The Accounting Equation
- The Simple (Opening) Balance Sheet
Quiz # 2 Lesson 4: The Accounting Cycle
- The role of accounting records
- The general journal
- The ledger: For
Assets, Liabilities and Capital/Equity
Revenue and Expense - Closing of the accounts
Lesson 5: The Unadjusted Trial Balance
- Definition of Trial Balance
- Reasons to prepare a Trial Balance
- Preparation of an Unadjusted Trial Balance
- Discussion about the normal balances of Assets, Liabilities, Capital/Equity, Revenues, Expenses and Contra Accounts
Quiz # 3 MID-TERM EXAMS Lesson 6: Drafting Simple Financial Statements from The prepared Unadjusted Trial Balance
Generally Accepted Accounting Principles • Financial Statement for Sole Traders Entity:
- Income Statement
- Balance Sheet
Quiz # 4 Lesson 7: Transaction Analysis
- Analyze business transactions
- Understand how accounting works
- Record business transactions
- Using the Trial Balance
Quiz # 5 Lesson 8: Books of Original Entries
- Sales Day Book
- Purchase Day Book
- Sales Return Day Book
- Purchase Returns Day Book
- Cash Book
- General Journal
Quiz # 6
FINAL EXAMS
School of Arts and Sciences Master Syllabi — Info for All Sections
Academic Integrity
The St. George’s University Student Manual (2019/2020) states as follows:
“Plagiarism is regarded as a cardinal offense in academia because it constitutes theft of the work of someone else, which is then purported as the original work of the plagiarist. Plagiarism draws into disrepute the credibility of the Institution, its faculty, and students; therefore, it is not tolerated” (p. 48).
Plagiarism also includes the unintentional copying or false accreditation of work, so double check your assignments BEFORE you hand them in.
Be sure to do good, honest work, credit your sources and reference accordingly and adhere to the University’s Honor Code. Plagiarism and cheating will be dealt with very seriously following the university’s policies on Plagiarism as outlined in the Student Manual.
Your work may be subject to submission to plagiarism detection software, submission to this system means that your work automatically becomes part of that database and can be compared with the work of your classmates.
The St. George’s University Student Manual (2019/2020) states as follows:
“Students are expected to attend all classes and or clinical rotations for which they have registered. Although attendance may not be recorded at every academic activity, attendance may be taken randomly. Students’ absence may adversely affect their academic status as specified in the grading policy. If absence from individual classes, examinations, and activities, or from the University itself is anticipated, or occurs spontaneously due to illness or other extenuating circumstances, proper notification procedures must be followed. A particular course may define additional policies regarding specific attendance or participation” (p. 9).
The St. George’s University Student Manual (2019/2020) states as follows:
“All matriculated students are expected to attend all assigned academic activities for each course currently registered. Medical excuses will be based on self-reporting by students. Students who feel they are too sick to take an examination or other required activity on a specific day must submit the online SAS medical excuse, which is available on Carenage. Students are only allowed two such excuses a year. Upon consultation with the Director of University Health Service, the third excuse will result in a mandatory medical leave of absence. The policies regarding make-up examinations are at the option of the Course Director” (p.46).
For additional specific examination policies and procedures, refer to the St. George’s University Student Manual (2019/2020), pages 31 through 37.
The St. George’s University Student Manual (2019/2020) states as follows:
“A student with a disability or disabling condition that affects one or more major life activities, who would like to request an accommodation, must submit a completed application form and supporting documentation to the Student Accessibility and Accommodation Services (SAAS) located in the Dean of Students Office. It is highly recommended that students applying for accommodations do so at least one month before classes begin to allow for a more efficient and timely consideration of the request. If a fully completed application is not submitted in a timely fashion, an eligibility determination may not be made, and accommodations, where applicable, may not be granted prior to the commencement of classes and/or examinations” (p. 8).
It is the responsibility of the student to read and understand the policies, laws, rules and procedures that while they could affect your grade for a course, have not been specifically outlined in the course syllabus. These are contained in the St. George’s University Student Manual.