| Description
The primary objective of this course is to help students learn how accounting meets the information needs of various users by developing and communicating information that is used in decision-making. Accordingly, the expected student outcome is the demonstration that the student can read, analyze and interpret external financial statements. Prerequisites
Accounting 1A
Instructor Information: Chris Kwak
Christopher Kwak, CPA, CFE*, CFF*:
Licensed CPA in the state of California with over 20 years of industry experience in major firms such as Hewlett Packard (HP), PriceWaterhouseCoopers, and Chevron USA, specializing in cost management, financial reporting, mergers & acquisitions, and forensic accounting. Chris Kwak has held many positions at HP including Senior Corporate Internal Auditor, Senior Financial Analyst, and Business Control Manager (Division Controller level). He also worked as a Senior Associate and a manager at PriceWaterhouseCoopers (formerly Coopers & Lybrand), one of the Big Four (Final Four for now) international accounting/consulting firms, specializing in Mergers & Acquisitions, Financial Reporting, Business Litigation and Investigation services, and Start-up and Emerging business advisory services.
Current academic postings & professional affiliations:
Full-time faculty member at De Anza College Business-CS Division.
Adjunct Professor of Accountancy at Santa Clara University Leavy School of Business, Graduate School MBA program
Adjunct Professor of Accountancy at S.F. Golden Gate University.
Adjunct Professor of Accountancy at Saint Mary's College of California.
A CPA member, American Institute of Certified Public Accountants (AICPA).
A CFF member, AICPA, Certified in Financial Forensic (CFF).
A CFE member, Association of Certified Fraud Examiner (ACFE).
*CFE, Certified Fraud Examiners, a license issued by ACFE (International Association of Certified Fraud Examiners, World Headquarters in Austin Texas)
*CFF, Certified Financial Forensics, a license issued by AICPA (American Institute of Certified Public Accountants, national headquarters in New York City)
Chris Kwak wants to be one of your learning partners in your active learning process and would like to encourage you be a passionate, life-long learner.
Phone: 408-864-5727 (Voicemail) Email: kwakchris@deanza.edu Office Location: Forum 5B Office Hours: Online/By appointment/Email instructor Requirements
Because this is an online distance learning class all work will be completed online except for a comprehensive final exam that is taken on campus.
The requirements are:
(1) Completion of exercises, problems, and chapter quizzes using the WileyPLUS course management system. (WileyPLUS system homepage address and the class URL are stated above)
(2) Completion of a comprehensive problem that will be downloaded from this site in PDF format. You will bring the completed problem to the final exam.
(3) Take a comprehensive on-campus final exam covering 9 chapters.
(4) Participation in class discussions using a class management system called PageOut. ( PageOut site class URL stated above)
• Course Management System WileyPLUS log-in page: http://www.wileyplus.com
• Fall 2009 Acct 1B section 62Z online class URL:
http://edugen.wiley.com/edugen/class/cls122242/
• Course Required Discussion forum site: http://ckwak.pageout.net
Keys to Success:
1. Commitment: Accounting is not hard, but it is hard work. To do well, you should understand that this course requires a serious time commitment.
2. Preparation: To perform adequately in this course, you must have a thorough understanding of the text and the homework materials assigned. It is imperative you read the assigned chapter before attempting quiz and exams. Expect the reading of each Chapter to take at least 2-3 hours to complete.
3. Homework is the secret to doing well in this course. If you are not motivated to do your homework, you are doomed to do poorly in the course. The only way you can learn and understand these concepts is to apply them to problem solving.
4. One of the secrets to success in Accountingreasoning behind the methods: why is it done this way. If you do not understand why, you will have a hard time on the tests because many of the problems on the test will force you to apply what you have learned in new ways. For example, if you have been doing an accounting problem going from A to Z, the test may require that you do a similar problem but in order to solve it you will have to go from Z to A. If you truly know and understand the materials, you will be able to apply what you have learned and approach the material from a new perspective, i.e. backwards.
5. Exams will be based on the textbook, lectures, and homework assigned. Complete the homework not just for the calculations but also for understanding the underlying concepts and principles it is conveying. Understanding and interpreting the use of accounting information is just as important as the calculation of a number. You will be tested on how well you interpret accounting information, not just on, whether you can arrive at the correct calculation of a number.
6. For most people this course requires at least eight hours of study time outside the class hours (online lectures) every week.
7. Short exams – There will be weekly learning assessment quizzes during the quarter. The questions will be on material currently being studied. The quizzes will be graded on how well you are staying current with the course material.
8. PARTICIPATE IN CLASS Discussions at PageOut discussion area.
9. A sense of humor is required.
Objectives
Financial Accounting in 14 words: Study of Business Events and the Effects of Economic Transactions Reported on Financial Statements.
In a general sense, accounting can be defined as an information system that provides reports to stakeholders about the economic activities and condition of a business. The subject material of this course is financial accounting which is primarily concerned with the recording and reporting of economic data and activities for a business. Although such reports provide useful information for managers, they are the primary reports for owners, creditors, governmental agencies, and the public.
The primary objective of this course is to help students learn how accounting meets the information needs of various users by developing and communicating information that is used in decision-making. Accordingly, the expected student outcome is the demonstration that the student can prepare, read, and analyze external financial statements.
Accounting is too important to managers, organizations, and societies to be left to accountants alone. Accounting information is often a basis for decisions. Accounting reports are often the basis on which the effectiveness of stewardship decisions and actions are evaluated.
Textbook
The WileyPLUS site is based on the textbook Accounting Principles, 8th Edition, by Weygandt, Kieso, Kimmel, published by Wiley. There are three options for buying the text and WileyPLUS access code.
Option 1. Buy one-third of the book (Chapters 10-18) from the DeAnza Bookstore in loose-leaf format. This option does not include a registration code for the required online access to WileyPLUS. If you already have a registration code from 1A, use that code. Login using the exact email address that was used previously.
Option 2. If you have not previously purchased a WileyPLUS code, buy the registration code for WileyPLUS when you login to our Accounting 1B site. You will have the option to buy the registration code for WileyPLUS which includes the text in electronic format (e-text) and access to all of the WileyPLUS online material.
Option 3. Buy the entire textbook from another source. In this case, you will still need to buy the registration code for online access to WileyPLUS. This is probably the most expensive option.
Media Availability
• Course Management System WileyPLUS log-in page: http://www.wileyplus.com
• Fall 2009 Acct 1B section 62Z online class URL:
http://edugen.wiley.com/edugen/class/cls122242/
• Course Required Discussion forum site: http://ckwak.pageout.net
This is an online course with a required on campus final exam.
Additional Information
ONLINE COURSE MANAGEMENT SYSTEMS
De Anza accounting department is using a course management system called WileyPLUS. This system is rich in audio and visual presentations and online graded assignments and assessment quizzes. Unfortunately, WileyPLUS does not include student-to-student communication tools, nor course discussion forum features.
For communications we will use a system called PageOut that will allow students to participate in forums where questions/comments may be posted. Instructions for logging in to PageOut are given in the Online Orientation for ACCT 1B which can be accessed through the Distance Learning Center website: www.deanza.edu/distance.
Course site (PageOut site) Student Account Registration: at http://ckwak.pageout.net
1. Go to create “Student Registration”, click on “Create New Account”. You will be asked for a username and student ID. (Do Not Use Your SSN).
2. Next login with your created username and password (hope you would remember it).
3. Please get familiar with course web site areas, especially course content area.
4. Please bookmark this course site (PageOut site) so that you can go directly to the site throughout the quarter.
Grades
CLASS SCHEDULE AND GRADE CALCULATION
Grade Calculation
WileyPLUS Online Assignments....... 40%
PageOut Discussion area online postings.. 10%
Comprehensive Problem ................... 10%
Comprehensive Final Exam............... 40%
Example: If the total WileyPLUS online assignments equal 440 points and you earn 375 points your percentage is 85% (375/440). If your final exam is 75%, the Comprehensive Problem 1 is complete, and actively participated in online discussions at PageOut throughout the term, then your overall percent for the class would be 84% calculated as follows:
(Wiley 85% x 50%) + (PageOut 10%) + (Final 75%x 40%) + (Comp. Problem 10%) = 84%
A Grade = 90%-100%, B Grade = 80%-89%, C Grade = 70%-79%
D Grade = 60%-69%, F Grade = Below 60%
Statement on Academic Integrity:
It goes without saying that academic integrity is expected from each student. As such, if there is a reasonable basis for concluding that a violation of academic integrity has taken place; all suspected parties would be awarded a course grade of “F”, with a letter to the Dean explaining why this grade was awarded. It will be up to the students involved to convince the instructor that the violation did not take place. (Refer to DeAnza College catalog and class schedule.)
Assignments Schedule
Plan to spend minimum 12 hours per week or more reading the text and completing the online assignments. Use the class schedule below as a guide.
Accounting 1B Schedule - Fall 2009
Week 1: Course Intro/ WileyPLUS registration/Review 1a basics. Chapter 10 assignments.
Week 2: September 28: Chapter 10 assignments and Quiz.
Week 3: October 5: Chapter 11 assignments and Quiz.
Week 4: October 12: Chapter 12 assignments and Quiz.
Week 5: October 19: Chapter 13 assignments and Quiz.
*October 19: Assignments Activity Check.
Download and start the Comprehensive Problem
Week 6: October 26: Chapter 14 assignments and Quiz.
Week 7: November 2: Chapter 15 assignments and Quiz.
Week 8: November 9: Chapter 16 assignments and Quiz.
Week 9: November 23: Chapter 17 assignments and Quiz.
Week 10: December 4: Chapter 18 assignments and Quiz.
Week 11: Comprehensive Review for Final Exam.
Week 12: Final Exam Week
*I will be checking your WileyPLUS activity on Saturday October 19, 2009 at 6 pm as shown on the class schedule above. Students that are not current with the assignments may be dropped. Remember, it is your responsibility to drop if you do not intend to complete the class. If you have not dropped, you will receive the appropriate letter grade for the work completed.
Final Comprehensive Exam
Date: Tuesday, December 8, 2009
Room: ADMIN 102
Time: 7:30pm to 9:30pm
The on-campus final exam is comprehensive and is approximately 50% objective and 50% short problems. The final is closed book and individual work. You may prepare and bring one note page (front and back, hand written or typed) to use during the exam. Please bring a Scantron. Photo identification for the final will be required. Bring your completed Comprehensive Problem to the final exam.
Course Admission and Withdrawal:
Please register for this course through De Anza College. All students must register and pay all fees within the specified days by college Admission Office; otherwise student would be dropped from the course by the Admission Office automatically. Registering at WileyPLUS or PageOut only allows you to sign up to assignments, quizzes, and participate in discussions for the course. Registering only for a WileyPLUS and/or a PageOut account does not make you a registered student in the course. You must register for this course through the college and then set up a WileyPLUS account and a PageOut account with your user name and own password.
It is your responsibility to withdraw from the course; otherwise the appropriate grade will be assigned at the end of the term. Please notify your instructor if you drop the course so that instructor can delete your WileyPLUS and PageOut account. Failure to notify the instructor could possibly result in receiving an F in the course.
I hope you will greatly benefit from this course. If I can be of assistance during the term, please contact me. Have an enjoyable and successful term.
Professor Kwak.
Cheating
Policy on Copying and Cheating:Students who submit the work of others as their own or cheat on exams or other assignments will receive a failing grade in the course and will be reported to college authorities.
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