DAWSON COLLEGE

Accounting Principles and Related Computer Applications

AEC: Attestation of College Studies Program # LCA.6X
COURSE OUTLINE
AEC GROUP 113: October 3, 2022 to December 2, 2022
_____________________________________________________________________________________

Course Title: Accounting 1 Number: 410-A13-DW-07113

Group: 109
Ponderation: 2-2-3 Session: TERM 1: Oct 3, 2022 to Dec 2, 2022
Prerequisite: None
Co-requisite: 201-900-DW Financial
Calculations
Number of Units: 2.33
Course Hours: 60

Teacher: Richmond Philipnery, CPA

Email: MIO (Reply within 24 hours during Weekdays)

Program Competency: This course is linked to the competency

BW22: Analyze and process information in the accounting cycle

Course Description: This course introduces basic accounting terminology and

develops an understanding and practice of fundamental
concepts and analytical skills needed to read and interpret
financial information. Focus is placed on transaction analysis,
original, adjustment and closing entry journals, ledger
accounts, and financial statement preparation.

Assessment of Appropriate mastery of the course objectives is essential to succeed

Performance: both in the program and in practice. Assessment of student
performance will involve the ability to understand and apply key
business concepts that lead to analysis and problem solving.

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Course Objectives: Upon successful completion of this course, students will be able to:
o Understand and work with basic accounting concepts.
o Consider the main components of financial statements
for reporting purposes.
o Identify the differences in financial statements across
the different forms of business organizations.
o Analyze business transactions.
o Apply fundamental accounting principles and
procedures for the recording of transactions through
journal entries as they relate to the operations of a
service and merchandising company.
o Summarize all transactions conducted in an accounting
period.
o Process necessary adjusting entries to respond to
accrual accounting requirements.
o Prepare a Balance Sheet, Income Statement and
Statement of Owner’s Equity for a small business.
o Work with temporary accounts to prepare closing
entries.
o Record purchases for a merchandising company using a
perpetual inventory system.
o Process necessary basic transactions for a
merchandising company.
o Understand the Cash account

Teaching Methodology: This course will be provided using lectures, discussions, problem-
solving, case studies, assignments, exams, and quizzes

Integration This course is offered in the first term of the program to enable
students to develop an appreciation for the various disciplines
of business as well as the business environment overall.

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. Evaluation: Total is 100 %

Component Tentative Date Grade

Test # 1 Class # 7 (chp.1 & 2): Oct.21 25%

Test # 2 Class # 13 (chp. 3 & 4): Nov.11 25%

Test # 3 Class # 20 (chp.5 & 6) + Plus the Summative 25%

Assessment Question: Dec.2

Assignments TBA 20%

Participation (Class exercises over the course of the term) 5%

Summative Assessment: Is incorporated with TEST # 3. The summative assessment

tests the competencies covered in the course. The student must pass the
summative assessment in order to pass the course.

Late Submission Policy: Penalties for late submission will incur as follows: 10% for
each day late with no submission accepted 7 days after due date.

Missed Tests / Quizzes: A zero grade will be provided unless a student has a valid
medical certificate justifying that the student was not able to attend the test
component on the given date and time due to a medical condition.

Note: A minimum grade total of 60 marks must be achieved to successfully

complete this course with a passing grade.

Literacy policy: In graded activities, teachers may deduct up to 10% for grammar,
spelling, punctuation and/or syntax errors.

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Required Textbook:

Required Textbook:

Fundamental Accounting Principles Volume 1

17th Edition with CONNECT CODE for access to online resources

1260881326 · 9781260881325

By Kermit D. Larson, Heidi Dieckmann, John Harris

© 2022 | Published: February 17, 2022

Textbook Bundled WITH CONNECT Online Resources

Chapters to be Covered:

CHAPTER 1: Accounting in Business

CHAPTER 2: Analyzing and Recording Transactions

CHAPTER 3: Adjusting Accounts for Financial Statements

CHAPTER 4: Completing the Accounting Cycle and Classifying Accounts

CHAPTER 5: Accounting for Merchandising Activities

CHAPTER 6: Inventory Costing and Valuation

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The Institutional Student Evaluation Policy (ISEP) is designed to promote equitable and effective
evaluation of student learning and is therefore a crucial policy to read and understand. The policy
describes the rights and obligations of students, faculty, departments, programs, and the College
administration with regard to evaluation in all your courses, including grade reviews and resolution of
academic grievance. ISEP is available on the Dawson website. (Link)

This course outline has been prepared in conformity with the Institutional Student Evaluation Policy
(I.S.E.P.). The policy is designed to promote equitable and effective evaluation of student learning and is
therefore a crucial policy for you to read and understand. The policy describes the rights and obligations
of students, faculty, and departments, programs and the College administration with regard to evaluation
in all your courses. I.S.E.P. is published in the College Calendar and reference copies are available in the
Library and in the offices of program chairperson, program coordinators and the sector dean. Special
attention should be directed to the sections of I.S.E.P. that pertain to the Academic standing Policy, the
students' rights and obligations and the grade review procedure. In addition, the College has adopted a
number of college-wide academic policies and procedures which have become part of the Business
Administration department regulations. Some of these policies and procedures are outlined below.

Cheating and Plagiarism

Cheating and Plagiarism are serious offences and will result in failure in the assignment, test or exam,
or entire evaluation component or failure in the course and may also result in failure of the course.
Further disciplinary action might be taken which may result in suspension or expulsion from the program
and the College.
Every instance of cheating or plagiarism leading to a resolution that impacts a student’s grade must be
reported, with explanation, in writing, to the appropriate Dean. (ISEP Section V-A)

Students are asked to familiarize themselves with ISEP p. 21 to 24. In addition, the Business
Administration Department enforces the following rules: Electronic dictionaries and cell phones are
prohibited during tests.

Classroom Behaviour
Your attention is directed to the I.S.E.P. provision requiring respectful behaviour and general decorum.
Violation of these provisions may lead to the exclusion from the classroom and the case referred to the
Director of Student Services.

Professional Conduct
Faculty members in the program are responsible for assessing student behaviour in terms of suitability to
the profession, advising students that exhibit inappropriate behaviour, and reporting said behaviour to
the Program Coordinator when necessary. [ISEP p. 20]

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Warning About Cell Phones / Smart Phones / Other Electronic Devices
We would like to give you advance warning of our intention to strictly enforce College examination rules
governing cheating, in particular, the use/possession of cell phones /smart phones and other electronic
communication devices during an examination. Any student found with an electronic communication
device IN THEIR POSSESSION (from the moment they step into the exam room until they pick up their bags
after finishing their exam, whether or not they use them) WILL BE DISQUALIFIED.

Since we cannot be expected to know if a student who is carrying a cell phone/other electronic
communication device has been using it or not, we have decided that anyone found with one in their
possession will be automatically disqualified. We feel this is the fairest solution and ensures an equal
application of our policy.

Student Conduct
Everyone has the right to a safe and non-violent environment. Students are obliged to conduct themselves
as stated in the Student Code of Conduct and in the ISEP section on the roles and responsibilities of
students. (ISEP Section II-D)

Makeup tests and assignments

Makeup tests and assignments will only be given on the following grounds: medical, judicial obligations,
marriage of an immediate family member, or bereavement due to the death of an immediate family
member. Supporting documents will be required promptly after the absence. In the case of the medical
certificate, it must clearly indicate that an absence on the day and time of the graded activity was justified.

Attendance requirements
Students should refer to the Institutional Student Evaluation Policy (ISEP Section IV-C) regarding
attendance.

Students are expected to attend their scheduled learning activities and to do so on time. They have an
obligation to remain informed about what takes place in their regularly scheduled classes. Absence from
class does not excuse students from this responsibility. Students have an obligation to respect their
teacher’s right to formulate and enforce policies on lateness and attendance.

Students are expected to attend classes regularly and punctually. There are no grades for attendance;
however, in class assignments and exercises, class work and pop-quizzes can be held at any time. For these
there are no make-ups. Regarding class tests, if an absence is due to medical reasons (substantiated with
a doctor’s certificate for the date and time of the absence), a make-up test will be rescheduled. Students
must inform the teacher promptly by email or voice mail. Please refer to the attached department policies.

Intensive Course Conflicts

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If a student is attending an intensive course, the student must inform the teacher, within the first two
weeks of class, of the specific dates of any anticipated absences.
Religious Holidays
Students observing religious holidays must inform their teachers, in writing, as prescribed in the ISEP
Policy on Religious Observances, no later than the end of the second week of the impacted semester or
term. This applies both to the semester or term, as well as to any final examination period. (ISEP Section
IV-D). Makeup tests will be given in the case that a test is scheduled on a religious holiday

Teachers observing religious holidays will also give advance notice in course outlines and specify
alternative arrangements for classes missed.

Literacy policy
In graded activities, teachers may deduct up to 10% for grammar, spelling, punctuation and/or syntax
errors.

Standard of performance
An overall grade of 60% is required to pass a course.

Regarding Discipline During Class Time

o Everyone has the right to a safe and non-violent environment. Students are obliged to conduct
themselves as stated in the Student Code of Conduct and in the ISEP section on the roles and
responsibilities of students. (ISEP Section II-D)
o All students must keep their cell phone on silent and placed within their handbags or backpack.
o Absolutely NO cell phone use during class time. No Texting. Therefore, do not keep any cell phone on
desk surface.
o During exams, absolutely NO CELL PHONES OR SMARTPHONES on the desk or on your person. Any
student caught with a smartphone or cell phone either on their desk or on their person receives an
automatic ZERO on the exam and is reported to the Dean of Business Administration without any
exception.
o No talking amongst students during class time.
o No food and No drinks within the Lab Room. Students can NOT eat in the lab room.
o All students must listen attentively and participate during class discussions.
o Students should not act in any way that disturbs other students or the teacher’s lecture during the
lecture.
o Students should arrive on time at the start of class.

Summative assessment
A summative assessment (épreuve sythèse) is an assessment that measures the student’s individual
achievement of a partial or full competency. The department ensures that each course includes
method(s) of summative assessment adapted to its specific pedagogical context. The summative
assessment must have sufficient weight to be meaningful for success in a course. The evaluation criteria
are clearly presented to the students. The student must pass the summative assessment with a
minimum of 60 percent. The summative assessment is clearly identified on the course outline.

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If a student fails the summative assessment, he or she will be able to take one additional make up
summative assessment, with the possibility of obtaining a maximum of a passing grade for the
summative assessment. If the student fails the make-up summative assessment, that student will fail the
course.

If a student is absent on the day of the summative assessment, he or she will need to provide proper a
justification to request a make-up summative assessment. Documentation may be requested to justify
the absence. If the teacher refuses the request for a make-up summative assessment, the grade for the
summative assessment will be zero, leading to failing the course.

If the teacher approves the request, the student will be able to take a make-up summative assessment.

If a student submits the summative assessment after the due date, it will be graded according to the late
submission policy in the course outline.

October 2022

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