ACCT 1220

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ACCT 1220

  1. 1. METROPOLITAN COMMUNITY COLLEGE COURSE OUTLINE COURSE TITLE Spreadsheet Basics for Accounting and Business COURSE PREFIX AND NO. ACCT 1220 LEC 3 LAB 0 CREDIT HOURS 3 COURSE DESCRIPTION: In this course, the student learns how to use spreadsheets to effectively organize and manipulate business data. Emphasis is on basic spreadsheet organization, commands and functions related to managerial, financial and accounting applications. COURSE PREREQUISITES: Co-requisite: ACCT 1110 (must be taken at the same time or completed earlier) RATIONALE: The current business environment requires proficiency in spreadsheet applications. This is particularly true for the accounting profession. Demonstrated competency in basic spreadsheet organization, commands and functions is essential for students majoring in accounting. REQUIRED TEXTBOOKS and/or MATERIALS: Title: Excel Applications for Accounting Principles Author: Gaylord Smith Edition: 2004-02 Publisher: Southwestern Publishing Optional but recommended: Title: Accounting Author: Warren, Reeve and Fess Edition: 20th edition Publisher: Southwestern Publishing Attached course outline written by: Mary Ellen Seth Date: 5/2001 Reviewed/Revised by: Bob Gronstal Date: 10/02 Effective quarter of course outline: 05/FA Dean: Date: Jane Franklin Course Objectives, Topical Unit Outlines, and Unit Objectives must be attached to this form.
  2. 2. COURSE OBJECTIVE/TOPICAL UNIT OUTLINE/UNIT OBJECTIVES TITLE: Spreadsheet Basics for Accounting and Business PREFIX: ACCT 1220 COURSE OBJECTIVES: Upon completion of the course the student will be able to: • Demonstrate proficiency in basic spreadsheet commands • Develop Personal Finance and Accounting Applications • Develop schedules appropriate for personal finance and accounting decision making o Depreciation Schedule o Bond Amortization o Loan Amortization Schedule • Develop a Comparative Income Statement • Develop Income tax applications o 1040 Template • Demonstrate Basic graphing techniques • Demonstrate proficiency with data import/export TOPICAL UNIT OUTLINE/UNIT OBJECTIVES: Upon completion of the course the student will be able to do the following using a spreadsheet application: The Accounting Cycle Projects: • Analyze and prepare an income statement, statement of owner’s equity, and a balance sheet • Journalize transactions • Correct and prepare a trial balance • Journalize adjusting entries and closing entries and prepare an adjusted trial balance • Prepare a worksheet • Prepare schedules of accounts receivable and accounts payable Cash Control Project: • Prepare bank reconciliation statement Accounting Schedule Projects: • Complete an aging of receivables schedule and prepare a graph of the schedule data • Prepare a perpetual inventory schedule
  3. 3. • Prepare a depreciation schedule • Prepare a payroll register Corporate and Tax Accounting Projects: • Calculate dividends, including dividends per share • Prepare a 1040 template • Prepare a statement of retained earnings and a corporate balance sheet • Prepare an analysis of corporate financing plans • Prepare a bond amortization schedule • Prepare a statement of cashflows Financial Statement Analysis Projects: • Prepare a comparative income statement • Prepare a ratio analysis document that includes: o Working Capital o Current Ratio o Acid-Test Ratio o Accounts Receivable Turnover o Number Of Days’ Sales In Inventory o Inventory Turnover o Number Of Days Sales In Receivables o Ratio Of Fixed Assets To Long-Term Liabilities o Ratio Of Liabilities To Stockholders’ Equity o Number Of Times Interest Charges Earned o Ratio Of Net Sales To Assets o Rate Earned On Total Assets o Rate Earned On Stockholders’ Equity o Earnings Per Share On Common Stock o Price-Earnings Ratio o Dividends Per Share Of Common Stock o Dividend Yield COURSE REQUIREMENT/EVALUATION: Upon completion of this course, the student will demonstrate competencies in on basic spreadsheet organization, commands and functions related to managerial, financial and accounting applications.
  4. 4. COURSE OBJECTIVES ASSESSMENT MEASURES Demonstrate proficiency in basic Completion of projects spreadsheet commands Develop Personal Finance and Completion of projects Accounting Applications Develop schedules appropriate for Completion of projects personal finance and accounting decision making o Depreciation Schedule o Bond Amortization o Loan Amortization Schedule Develop a Flexible Budget Income Completion of projects Statement Develop Income tax applications Completion of projects o 1040 Template Demonstrate Basic graphing Completion of projects techniques Demonstrate proficiency with data Completion of projects import/export

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