Dakota State University
College of Business and Information Systems
Madison, SD 57042

Richard D. Puetz
Office: Kennedy Center 136
Phone---256-5169
Internet Address: puetzr@pluto.dsu.edu

ACCT 210 Principles of Accounting I.................... Fall 1999
Monday – Wednesday 2:00 – 3:15 p.m..................... KC 119

CREDIT HOURS: 3 semester hours

APPROVED COURSE DESCRIPTION: Introduction to accounting principles. A study of balance sheets, income statements, and standard accounting procedures.

PREREQUISITES: None

ADA: If there is any student in this class who, due to a disability, has need for non-standard note taking, test taking, or other course modification, please feel free to come and discuss this with me privately, as soon as possible. Also, please contact the DSU ADA Coordinator, Nancy Moose, at the office in the Student Services Center (256-5146).

OFFICE HOURS:

Monday / Wednesday 9:00 am – 11:00 am, 3:15 pm – 4:00 pm
Tuesday 4:00 pm – 6:00 pm At Sioux Falls Center for Public Higher Ed.
Friday 9:00 am – 11:00 am

POLICIES AND PROCEDURES:

1. Regular class attendance and completion of all assigned homework (selected exercises and problems, computerized problems, and written assignments) are necessary to successfully complete this course. Quizzes can not be made up. Exams can be made up if a valid excuse is given and approved by me (Puetz) prior to the exam. Assignments will be due the first day of the next topic presented. Any late assignments will not receive full credit.
2. The student is responsible for all subject matter (handouts, lecture materials, assignments, announcements, etc.) whether present or absent.
3. The student is expected to actively participate in class discussions.
4. I reserve the right to make any necessary adjustments to the syllabus.
5. If you are unable to meet with me during regularly scheduled office hours, call or stop by my office to make an appointment to meet at a time convenient for both you and I.
6. Acts of dishonesty, as defined and described in the Trojan Student Handbook will be subject to disciplinary sanctions (Section III, Judicial Policies).

WITHDRAWL: Should you wish to withdraw from the course please be aware of the following date:

September 14 – last day to drop and receive a complete refund

TEXTBOOK AND OTHER REFERENCES:

Weygandt, Kieso, & Kimmel. Accounting Principles, 5th edition, 1998, Wiley.
Working Papers, Volume I, to accompany text.
Weygandt, Kieso, & Kimmel. Study Guide I, Accounting Principles, 5th Ed., 1998, Wiley (Optional).

COMPUTER SKILLS USED: 

Word Processing skills,
Spreadsheet skills,
Computer Research skills,
Students will work with QuickBooks (a general ledger software package).

LEARNING OBJECTIVES:

The primary objective of the first course in accounting is for students to learn about accounting as an information development and communication function that supports economic decision-making.

In achieving this objective, students completing the first course in accounting should--

1. Have a broad view of accounting's role in satisfying society's need for information and its function in business, in government, in other organizations, and in public accounting.

2. Understand the basic features of accounting and reporting by organizations, including the principles underlying the design, integrity, and effectiveness of accounting information systems.

3. Understand fundamental accounting concepts in addition to the elements of financial statements

4. Specific Objectives: The student will have an understanding of 1) accounting principles: 2) the recording process, 3) the adjusting process, 4) completing the accounting cycle, 5) accounting for merchandising operations, 6) accounting information systems, 7) internal control and accounting for cash, 8) accounting for receivables, 9) accounting for inventories, 10) accounting for plant assets, 11) accounting for current liabilities, and 12) accounting for payroll.

INSTRUCTIONAL METHODOLOGIES:

New material will be presented via lecture. Students will read from the text, as well as current publications, and solve problems manually and electronically.

TENTATIVE COURSE OUTLINE
ACCT 210 Principles of Accounting I

Topics will be examined via lecture, discussion, and problem solving.

**Homework will be assigned periodically throughout the semester at the end of each class period and will be reviewed and/or collected at the beginning of the following class period. ADDITIONAL OUT-OF-CLASS COMPUTERIZED ACCOUNTING PROJECTS WILL BE ASSIGNED THROUGHOUT THE SEMESTER.

EVALUATION PROCEDURE:

Exams & Quizzes 90%
Computer exercises & Written assignments* 10%

*Written assignments will be graded on content (accuracy and completeness) as well as the proper use of grammar and punctuation. The computer should be used to word- process the assignments indicated on the course outline. No work should be submitted in a hand-written format.

Plagiarism and any other form of academic dishonest is not tolerated. Any academic dishonesty will result in zero points on the assignment, test, etc.

TESTS:

Tests are to be taken on the assigned date. Please adjust your work schedules, if possible. Make up tests will be allowed if a valid reason for missing is presented to me before the test. Make up tests are usually taken on the day following the scheduled test at a time arranged with me. If you cannot reach me before the test, the College Secretary (256-5165) will forward your message to me. Failure to provide a valid reason for missing a test will result in an F grade and assigned points of "0" for the test.

QUIZZES:

Quizzes will be unannounced; and there are no make up quizzes.

Final scores will be rounded to the nearest percentage (e.g. 89.4 = 89 and 89.5 = 90). Final grades will be issued using the following criteria:

Final Score Letter Grade

90% and above A
80% to 89% B
70% to 79% C
60% to 69% D
59% and below F

Selected Bibliography
Research and Best Practices

Journal of Accountancy

Accounting Technology

Generally Accepted Accounting Principles (GAAP)

Financial Accounting Standards Board (FASB) Pronouncements

GAAP Update Service Commentary, Harcourt Brace

Accounting Education Change Commission Position Statements

"Education Requirements for Entry Into the Accounting Profession," by American Institute of Certified Public Accountants, February, 1988.