BUS 201 - Principles of Accounting I - Bob Maxwell
|Principles of Accounting I
Hello, I am Bob Maxwell, the instructor for this class. In this class, you will learn the building blocks of recording the many business transactions that companies have each day and summarizing those transactions into financial statements that can be used to evaluate the company’s financial resources and operations. In the second accounting course BUS 202, you will learn how to analyze those financial statements using a variety of management tools. But first you will need to master the basics in this course to be successful in the next course.
BUS 201 presents the study of accounting as an information system, examining why it is important and how it is used by managers, investors, creditors, and others to make decisions. Covers the fundamental principles, theory and applications to record business transactions through the accounting cycle, including the application of generally accepted accounting principles, the financial statements, and statement analysis. Includes issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls, and ethics. Designed for transfer majors in business disciplines.
What to Expect in this Course
This is a hybrid class that will meet remotely once per week through Zoom. Zoom sessions will be used for participation activities such as online gaming sessions and group work to review key concepts. Students are expected to participate in all weekly class sessions and points will be awarded for participation. Zoom sessions will not be used for lectures – instructor lectures have been recorded and will be available online for students to view prior to the class Zoom sessions. This class is a hybrid class and only meets for 50% of the class time of a regular 5-unit course. For the other 50% that you would normally be in class, you are expected to spend watching the prerecorded lectures outside of scheduled class time. Online office hours outside of the scheduled class sessions will also be available to ask specific questions regarding the homework or course content.
Studying accounting can be confusing. Where do you start? There are new terms, concepts and sequence steps for different activities within each chapter. Trying to study the entire chapter at one time can be overwhelming. The learning objectives build on each other, so it is important to get the concepts down early so you can understand and complete the homework.
This course is organized by chapter, with a module in Canvas corresponding to the related chapter in the textbook. We will cover about one chapter per week. Each module has been further broken down into "chunks" based upon the individual learning objectives in the chapter. Each "chunk" is for one of the learning objectives and contains the links to the related eText, additional resource materials, and homework related to the content in that learning objective. Each module will have between three and six learning objectives, or "chunks."
The modules are designed for you to start at the beginning and click "next" as you progress through the chapter. Following this sequence will allow you to:
- cover the early learning objectives first and build your knowledge for later learning objectives;
- read the course content in smaller segments that are easier to digest than the entire chapter;
- work on homework assignments directly related to the content you just read to reinforce your learning process;
- plan your study time around smaller time blocks that can be spread out over the week.
Following the sequence in the modules will allow you build your knowledge sequentially and assess how you are doing before moving on to the next learning objective "chunk." You are still free to create your own study plan and are not required to follow this sequence, but I think for many of you this approach will help you use your study time more effectively.
Types of Assessments
All assignments – participation, homework and exams – will be completed and submitted online. Students will be assessed through:
- weekly online class meetings using Zoom that will include participation assignments,
- weekly online homework assignments that include multiple choice questions and problems, and
- online exams that will each cover several textbook chapters and include multiple choice questions and problems.
Financial & Managerial Accounting with WileyPLUS 3rd edition by Weygandt, Kimmel, and Kieso
Loose-leaf edition with eBook and WileyPLUS with access code available through COC Bookstore ISBN 9781119491927.
What you Need to Know about Required Course Materials
We will be using WileyPLUS from the publisher for many of the online resources and homework, so a WileyPLUS access code is required. If you purchase the textbook from the COC bookstore, the WileyPLUS access code should be included in your textbook packet. If you purchase the textbook elsewhere without the WileyPLUS access code, you will need to also purchase the access code online directly from the textbook publisher.
Other Relevant Course Information
Dates & Times of Required Meetings: 8/23/2021-12/11/2021 Wednesdays 8:00am-10:20am
Tools Used to Meet: Zoom software, computer within camera, internet access
How Do I Get Started in the Course?
- The class will be available on COC’s Canvas course management system by the first day of the semester;
- Show up for the first scheduled online class Zoom session as listed in the COC class schedule (Zoom link will be available as Canvas announcement);
- Complete the Course Orientation Module in Canvas by the due date provided at the first class session.
This course can be accessed on the first day of class via Canvas at https://coc.instructure.com. Log into Canvas using your CanyonsID single sign-on:
- CanyonsID Username is your COC student email address (Ex: firstname.lastname@example.org)
- CanyonsID Password is your COC student email password
Check out the Online Education website for more information on a variety of topics that can help you be a successful online student such as: exam proctoring, learning styles, computer skills, and tips for student success. If this is your first online course, feel free to take our online learning readiness assessment to assess your skills.
The Learning Center (TLC)
The TLC provides FREE online tutoring resources to COC students!
Academic Accommodation Center (AAC)
College of the Canyons AAC provides educational services and access for eligible students with documented disabilities who intend to pursue coursework at COC. A variety of programs and services are available which afford eligible students with disabilities the opportunity to participate fully in all aspects of the college programs and activities through appropriate and reasonable accommodations. For more information on their services visit the Academic Accomodation Center website.
The Counseling Department offers appointments online. You can schedule an appointment by visiting the Online Counseling website. Counselors can help you map out a plan to reach your educational goals as well as advise you on course selection and registration.
Management of Stress and Mental Health
Often the pressure on our students is very strong, involving academic commitments, relationships, outside jobs and family pressure to name a few. The staff and faculty of College of the Canyons are here to see you succeed academically and care about your emotional and physical health. You can learn more about the broad range of confidential student services, including counseling and mental health services available on campus by visiting the Student Health & Wellness Center in the Student Services Building (across from the bookstore). The phone number is 661-362-3259 that you can call 24/7. You can also e mail for an appointment at StudentHealthCenter@canyons.edu. At the Canyon Country Campus the Health Center will be in the new Student Services Building.
Also, the National Suicide & Crisis Lifeline number is now 988. All students at COC are encouraged to enter that phone number in their cells. You can call it when you, or someone you know, is having thoughts of suicide or is in severe distress.
You can also now use the Crisis Text Line: Just text "Courage" to 741741. Someone will get back to you immediately. Its free, 24/7, and confidential.
Veterans Resource Center
The College of the Canyons Veterans Resource Center is a department within the Student Services Division at the college, created to help veterans and veteran dependents with applying to College of the Canyons, enrolling in classes, and requesting VA Education or Vocational Benefits. For more information please visit the Veterans Resource Center website, email email@example.com or phone (661) 362-3469.
The Library provides live online and in-person research help, access to a full range of e-resources and physical materials that support the curriculum, individual and group study areas, and much more!
Last updated: 05/25/2021 Sub#: 41