WEST VIRGINIA UNIVERSITY AT PARKERSBURG UNIFORM COURSE SYLLABUS

Name of Course: Principles of Accounting I                        Course No. ACCT 201

Department: Accounting                                                       Division: Business & Economics

I.          Course Objectives

1.         Develop and accounting vocabulary for decision making.

2.         Apply accounting concepts and principles to analyze business transactions.

3.         Prepare financial statements.

4.         Understand meaning and use of debit and credit.

5.         Be able to record transactions in the journal.

6.         Be able to post from the journal to the ledger.

7.         Be able to prepare a trial balance.

8.         Understand the accrual-basis and cash-basis of accounting.

9.         Be able to make adjusting entries.

10.       Be able to prepare an accounting work sheet.

11.       Be able to prepare and do closing entries.

12.       Be able to handle merchandising transactions and account for purchase and sale of inventory.

13.       Be able to use special journals.

14.       Understand purpose of subsidiary ledgers.

15.       Understand the need for internal control.

16.       Be able to account for petty cash transactions.

17.       Be able to use the allowance method and direct write-off method of accounting for uncollectibles.

18.       Account for Notes Receivable.

19.       Know how to account for inventory by the perpetual and periodic systems.

20.       Understand how to compute depreciation and disposal of plant assets.

21.       Be able to account for current liabilities.

22.       Be able to compute payroll amounts and make basic payroll entries.


 

II.        Topics to Be Studied

Recording Business Transactions

Preparing Adjusting Entries

Completing the Accounting Cycle

Merchandise Accounting

Accounting Information Systems

Internal Control, Cash Transactions

Accounts and Notes Receivable

Merchandise Inventory

Plant Assets, Intangible Assets, and Related Expenses 

Current Liabilities Payroll Accounting

 

 

III.       Special Projects to Be Included in Course

            None

        

IV.       Methods of Student Evaluation

            Five tests Homework and Class-work Assignments

 

V.        Assessment of Outcomes

            A large majority of students should receive a grade of “C” or better.

 

VI.       Other Information

            None

 

Updated Spring 2003