ACCT& 201 Principles of Accounting I      
Spring 2013 0001 Section 01 Daily 8:00-8:50 am in BE4106; Lab Friday in BE3156
Instructor: Michael P. O'Neill Office: MT 301: 801 East Pine No. 301 (third floor)
Email: Phone: 206-934-4336   My Google Apps email--use ONLY for submitting class work
ACCT& 201 is a 5-credit course in beginning Accounting; that is transferable to most university
business programs. It covers the basic Accounting cycle, as well as specific areas
of the balance sheet, including cash, internal control, receivables, and inventory.
Note: This course is a common course (note the "&" in the course number).
Warren, Reeve & Duchac, Accounting, 24th Edition
South Western Cengage Learning, 2008
If you purchase the text at the SCCC Bookstore, you will find that the text package includes an ACCESS
CODE for the publisher's online service called CengageNow.  Do not discard the ACCESS CODE.
Your grade will be determined according to three criteria: your timely effort
in completing the homework and labs; your performance on the exams,
and your presence in the class. The instructor may provide you
with a midterm grade that combines these three measurements.
There will be one midterm and one final, each worth 100 points.
In addition to the exams, your grade will be determined by attendance,
participation, homework completion and homework timeliness.
A low score on any one of these criteria may affect your overall grade.
Strive for consistency of quality in your work.
A student scoring 95% or better on all criteria will receive a 3.5-4.0; 90-94%=3.3-3.5; 
85-89%=3.0-3.5; 80-84%=2.5-3.0; and so on.
9:00-9:50 M-F in MT 301; (office at 801 E. Pine, #301; PHONE: 206-934-4336)
Please take reasonable care with your personal possessions--book, backpack, purse, especially in
public areas of the school--library, hallway, cafe, gym. Examine your desk area when leaving.
Bring lost & found items to the attention of the instructor.
Course Key: E-HY7W2785HPQ6N
To login to CengageNow, you will need an ACCESS CODE (from your Warren text AND
the COURSE KEY shown above)
If you have special needs, please see instructor; all reasonable accommodations will be made.
Students with documented disabilities who need course accommodations, have
emergency medical information, or require special arrangements for building
evacuation should contact the instructor within the first two weeks of class.
Students with documented disabilities requesting class accommodations,building evacuation, 
or have emergency medical information the instructor should know about are asked to contact the
disability support services office (DSS) in Rm. 1112. Once the disability is verified with DSS you will be
given a letter of accommodation that should be handed to your instructor.
Date Day Topic DAY Assignments
1-Apr-13 M Introduction to the Course 1 Get Syllabus; acquire Warren text
2-Apr-13 T Definition of Accounting 2 Login to CengageNow at:
3-Apr-13 W Chapter 1: Acctg. & Business 3
4-Apr-13 Th The Accounts, cont'd 4  
5-Apr-13 F Lab 1 5 Obj 1-1 and 1-2 Nature of Business
8-Apr-13 M Definitions and Overview 8 Obj 1-3 The Accounting Equation
9-Apr-13 T Transactions: Increase/Decrease 9 Obj 1-4 Transaction Analysis
10-Apr-13 W Account Locations 10 Obj 1-5 Financial Statements
11-Apr-13 Th Intro to T-accounts 11 Obj 1-6 Ratio of Liabilities to OE
12-Apr-13 F Lab2 12  
      14 Obj 2-1 Chart of Accounts
15-Apr-13 M Chapter 2: Accounting Process 15 Obj 2-2 Journalizing
16-Apr-13 T Increases and Decreases 16 Obj 2-3 Journalize-Post-TB
17-Apr-13 W T-Accounts 17 Obj 2-4 Trial Balance Errors
18-Apr-13 Th Trial Balance 18 Obj 2-5 Horizontal Analysis
19-Apr-13 F Lab 3 19  
22-Apr-13 M The Accounting Cycle 22 Obj 3-1 Describe the Adjusting Process
23-Apr-13 T Chapter 3: Adjustments 23 Obj 3-2 Journal Entries for Adjustments
24-Apr-13 W Nature of Accrual Accounting 24 Obj 3-3 Summarize the Adjusting Process
25-Apr-13 Th Supplies, Unbilled Items, Interest 25 Obj 3-4 Adjusted Trial Balance
26-Apr-13 F Lab 4 26 Obj 3-4 Comprehensive TB-ADJ-ADJTB
      27 Obj 3-5 Vertical Analysis
      28 Obj 4-1 Flow of Accounting Information
29-Apr-13 M Chapter 4: Completion of Cycle 29 Obj 4-2 Financial Statements
30-Apr-13 T End of Period Considerations 30 Obj 4-3 Closing Entries
1-May-13 W The Accounting Cycle (Handout) 31 Obj 4-4 Accounting Cycle--10 steps
2-May-13 Th Examination 1 32  
3-May-13 F Lab 5 33  
6-May-13 M Working Capital and Current Ratio 36 Obj 4-5 Accounting Cycle Illustration
7-May-13 T Chapter 6 Merchandising 37 Obj 4-6 The Fiscal Year
8-May-13 W Basic approach to Merchandising 38 Obj 4-7 Working Capital and Current Ratio
9-May-13 Th Merchandising Accounts 39  
10-May-13 F Lab 6 40  
13-May-13 M Merchandising Basics 43  
14-May-13 T Chapter 6 Transactions 44 Obj 6-1 The Nature of Merchandising
15-May-13 W Merchandising Accounts 45 Obj 6-2 Merchandising Financial Statements
16-May-13 Th Basic transaction formats 46 Obj 6-3 Merchandising Transactions
17-May-13 F Lab 7 47 Obj 6-4 Merchandising Adjustments & Closing
      48 Obj 6-5 Ratio of Net Sales to Assets
      49 Obj 7-1 & 7-2 Description of FIFO/LIFO/Avg Cost
20-May-13 M Chapter 7 Inventory--Issues 50 Obj 7-3 Inventory Costing Under FIFO/LIFO/AWC
21-May-13 T Exercises and Problems 51  
22-May-13 W Income Statement and Balance Sheet 52 Obj 7-4 Periodic Inventory System
23-May-13 Th FIFO/LIFO/Average Cost 53 Obj 7-5  Comparing Inventory Methods
24-May-13 F Lab 8 54 Obj 7-6 Reporting Inventory in FS
      55 Obj 7-7 Inventory Turnover and Days Sales
27-May-13 M Holiday Memorial Day 57 Obj 8-1 and 8-2 Elements of Internal Control
28-May-13 T Inventory Errors 58 Obj 8-3 Cash Controls: Receipts and Payments
29-May-13 W Chapter 8 Cash and Internal Control 59 Obj 8-4 Bank Account
30-May-13 Th Inventory, Continued 60 Obj 8-5 Bank Reconciliation--REVISED
31-May-13 F Lab 9 61 Obj 8-6 Petty Cash
      63 Obj 9-1 Common Classes of Receivables
3-Jun-13 M Two Objectives and Six Principles 64 Obj 9-2 Uncollectible Accounts
4-Jun-13 T Homework Problems 65 Obj 9-3 Direct Writeoff Method
5-Jun-13 W Bank Reconciliation 66 Obj 9-4 The Allowance Method
6-Jun-13 Th Final Exam Test Preview 67 Obj 9-6 Accounting for Notes Receivable
7-Jun-13 F Lab 10 68 Obj 9-7 Reporting Receivables
      69 Obj 9-8 A/R Turnover and Days Sales in A/R
10-Jun-13 M Chapter 9: Receivables 71  
11-Jun-13 T Notes Receivable
12-Jun-13 W Final Exam 8:00 am 73  
13-Jun-13 Th   74                 Final Exam Days
14-Jun-13 F Last Day of Quarter 75