ACCT 101: Financial Accounting
A course in beginning accounting, meeting transfer requirements to four-year colleges and universities providing a foundation for vocational accounting or other areas of business administration. The course describes and illustrates financial accounting principles including classification of accounts, recording of financial transactions, presentation of financial statements, and fundamentals of the accounting cycle as applied to service and merchandising enterprises.
The class meets once a week for two hours, either on campus or virtually. The majority of the work is done online and the class meetings are designed to clarify, discuss, question, etc. concepts, theories, and procedures that the student has learned online. All four chapter exams and the final exam will be administered on campus during regularly scheduled meetings.
STUDENTS TRANSFERRING TO CSF
For this course to transfer to California State University, Fullerton, ACCT 103 Computerized Accounting must also be taken--but it does not have to be taken concurrent with ACCT 101.
- Textbook: Wild, John J., Financial Accounting: fundamentals,3rd ed., McGraw-Hill/Irwin, 2011, including
- McGraw-Hill Connect Accounting access code.
- ISBN; 978-0-07-787923-5, a paper back copy package with access code at the Cypress College Bookstore. (Buying the text somewhere other than the bookstore will not necessarily include both of the above items, so it is advised to that you purchase the items together at the bookstore.)
• If you purchase the textbook somewhere else, you must still purchase the access code for McGraw-Hill Connect Accounting.
- Scantron Forms (#882) for all chapter exams and the final exam.
Homework will be assigned on every chapter. To completely comprehend accounting, practical experience is mandatory. (Accounting is not a spectator sport!!) Homework will be due on the date noted on the assignment schedule at the end of the day, 11:59 PM.
After the first exam, each student will be assigned to a group of three to six people. The cases assigned for the chapters will then be considered McGraw-Hill Connect Accounting Group assignments.