Instructor Contact Information

 

Financial Accounting CRN 43851, 45025, 89085, 90602
Fully Online

Roger A. Gee
Professor of Accounting
San Diego Mesa College
7250 Mesa College Dr , San Diego CA 92111
619-388-2265
rgee@sdccd.edu

Prof. R. Gee

 

Textbook and Course Material Requirements

 

Williams, Financial Accounting, 13th edition, McGraw-Hill, 2008, packaged with a Homework Manager access code for $120


Purchase Textbooks Online at the SDCCD Online Bookstore

 

Hardware and Software Requirements

 

Hardware and Software:
To successfully complete this online course, you will be required to meet the minimum hardware and software requirements. View Hardware and Software Requirements.

Internet Browser:
You must use a supported Internet browser in order to successfully work in WebCT, the online course management system for this course. To see a list of supported Internet browsers, click here.

 

Course Description

 

This introductory course shows business students what financial accounting is, why it is important, and how it is used by investors and creditors to make decisions.  It covers the accounting information system, the recording and reporting of business transactions with a focus on the accounting cycle, the applications of generally accepted accounting principles, the classified financial statements, and statement analysis.  This course also includes issues relating to asset, liability, and equity valuation; revenue and expense recognition; cash flows; internal controls; and ethics.  This course is required for an associate degree and for a four-year degree.

 

Course Objectives

 

Upon successful completion of the course the student will be able to:

1.      Explain the nature and purpose of generally accepted accounting principles (GAAP).

2.      Explain and apply the components of the conceptual framework for financial accounting and reporting including the qualitative characteristics of accounting information, the assumptions underlying accounting, the basic principles of financial accounting, and the constraints and limitations on accounting information.

3.      Define and use accounting and business terminology.

4.      Explain what a system is and how accounting systems, including journals and ledgers, are designed to satisfy the needs of specific businesses.

5.      Apply transaction analysis, input transactions into the accounting system, process transaction data, and prepare and interpret four basic financial statements.

6.      Use the revenue recognition and matching principles to distinguish between cash basis and accrual basis accounting and their impact on financial statements.

7.      Identify and illustrate how the principles of internal control are used to manage and control a firm’s resources and minimize risk.

8.      Explain the content, form, and purposes of the basic financial statements, footnotes and annual reports, and how they satisfy the information needs of investors, creditors, and other users.

9.      Explain the nature of current asset issues including measuring and reporting receivables and bad debts, and inventory and cost of goods sold.

10.  Identify and illustrate issues that are related to long-term asset acquisition, use, depreciation, and disposal.

11.  Distinguish between capital and revenue expenditures.

12.  Explain the valuation and reporting of current liabilities, estimated liabilities, and contingencies.

13.  Identify and illustrate issues that are related to long-term liabilities including valuation, issuance, and retirement of debt.

14.  Explain the time value of money and calculate present and future values.

15.  Identify and illustrate issues relating to stockholders’ equity including the issuance and repurchase of capital stock, and the distributions to stockholders (dividends).

16.  Explain the importance of operating, investing, and financing activities reported in the statement of cash flows.

17.  Evaluate solvency and liquidity, and profitability and return on equity through the selection and application of appropriate analysis tools.

18.  Identify the ethical implications inherent in financial reporting and discuss strategies for addressing them.

Course Specific Information

 

SYLLABUS: Can be downloaded and printed from the course website on the first day of class.


SCHEDULE: The calendar pages can be printed from the course website on the first day of class.

 

 

 

Application and Registration Information

 

REGISTRATION DIRECTIONS:

  1. Complete Online Application (for new SDCCD students). Go to Student Web Services
  2. Receive registration appointment and instructions by email or mail.
  3. Register online at the Reg-e, our online registration system
  4. Make sure that you pay your tuition so that you don't lose your registration!
    Tuition and Fees Information.
  5. Order textbooks online. Visit our online bookstore.

6.  After completion of registration on Reg-e, and several days prior to the start of the semester, you will receive an email with course login instructions. If you don't receive an email please go to http://www.sdccdonline.net and login on the first day of class as follows:
.
Type your WebCT ID = 7-digit College Student Identification (CSID) number
Type your Password =  mmddyyyy (birthdate with no hyphens, slashes, or spaces)
For example:  1010101 (CSID number used at registration)
                          06231980 (password for birthdate June 23, 1980) 

  1.  If this course is closed, please login to Reg-e to be placed on a waitlist. If the waitlist is full, you will not be able to add your name to the waitlist.

You will not be able to login to your online course until the first day of the semester!!!
You must login to your online course on the first day of the session to avoid your enrollment being dropped. Follow the login instructions at http://www.sdccdonline.net/login.htm