Foothill CollegeApproved Course Outlines

Business and Social Sciences Division
ACTG 60ACCOUNTING FOR SMALL BUSINESSSummer 2011
5 hours lecture.5 Units

Total Quarter Learning Hours: 60 (Total of All Lecture, Lecture/Lab, and Lab hours X 12)
 
 Lecture Hours: 5 Lab Hours: Lecture/Lab:
 Note: If Lab hours are specified, see item 10. Lab Content below.

Repeatability -
Statement: Not Repeatable.

Status -
 Course Status: ActiveGrading: Letter Grade with P/NP option
 Degree Status: ApplicableCredit Status: Credit
 Degree or Certificate Requirement: AA Degree,   Certificate of Achievement
 GE Status: Non-GE

Articulation Office Information -
 Transferability: CSUValidation: 12/13/10

1. Description -
Pre-professional accounting course introducing the theory of double-entry bookkeeping/accounting. Emphasis on basic accounting cycle, elementary accounting principles and procedures, and financial records.
Prerequisite: None
Co-requisite: None
Advisory: Eligibility for MATH 220 and ESLL 26.

2. Course Objectives -
The student will be able to:
  1. explain the purposes and uses of accounting.
  2. identify and discuss the processes in the basic accounting cycle.
  3. maintain a set of accounting books applying the basic accounting principles and procedures.
  4. analyze and record simple business transactions.
  5. maintain supplementary accounting records.
  6. summarize and make simple financial reports from accounting records.
3. Special Facilities and/or Equipment -
Access to a computer lab and Microsoft Excel software. When taught as an online distance learning section, students and faculty need ongoing and continuous internet and email access.

4. Course Content (Body of knowledge) -
  1. The meaning of assets, liabilities, and proprietorship (owner's equity) and their relationships in the fundamental accounting equation.
  2. Basic accounting cycle, applying the accounting principles and procedures in keeping records of business transactions which includes analyzing, recording, summarizing, and preparing financial reports.
  3. Analyzing and recording business transactions into the general journal, the cash receipts and cash payment journals, payroll records, the purchases and sales journals, the work sheet with adjustments, recording closing procedures, and preparing financial records (income statement and balance sheet).
5. Repeatability - Moved to header area.
 
6. Methods of Evaluation -
  1. Textbook assignments
  2. Chapter tests
  3. Final examination
  4. Homework record
  5. Practice sets or spreadsheet assignments
7. Representative Text(s) -
Slater, Jeffrey. College Accounting. 10th ed. New Jersey: Prentice Hall, 2010.

8. Disciplines -
Accounting
 
9. Method of Instruction -
Lecture, in class or electronic discussions.
 
10. Lab Content -
Not applicable.
 
11. Honors Description - No longer used. Integrated into main description section.
 
12. Types and/or Examples of Required Reading, Writing and Outside of Class Assignments -
  1. Reading of required textbook
  2. Reading of internet articles and incorporating the information into the written project
  3. Reading of Business Periodical
  4. Reading of Wall Street Journal, Business Week, and Fortune
13. Need/Justification -
This course is a restricted support course for the AA degree in Accounting.


Course status: Active
Last updated: 2013-07-29 15:43:05


Foothill CollegeApproved Course Outlines