OAKTON COMMUNITY COLLEGE

GENERIC COURSE SYLLABUS

I. Course Course Course Credit Lecture Lab

Prefix Number Name

ACC 241 Intermediate Accounting I 3 3 0

II. Course Prerequisite:

Recommended: ACC 153

III. Course (Catalog) Description:

Course presents development, usefulness and limitations of general financial accounting theory. Content includes study of monetary assets and liabilities, inventories, plant assets and present value techniques. Focus is on financial statement presentation and analysis and valuation of asset and liability accounts.

IV. Learning Objectives:

To prepare students to demonstrate understanding of concepts and the ability to solve problems in the areas of:

A. Financial Accounting Theory

B. Statement of Financial Accounting

C. Balance Sheet and Income Statement Presentation

D. Present Value

E. Analysis of Current Monetary Assets and Liabilities

F. Inventory

G. Fixed Assets and Depreciation

H. Intangible Assets

I. Current Liabilities and Contingencies

V. Academic Integrity:

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton’s Code of Academic Conduct. This code prohibits:

· cheating,

· plagiarism (turning in work not written by you, or lacking proper citation),

· falsification and fabrication (lying or distorting the truth),

· helping others to cheat,

· unauthorized changes on official documents,

· pretending to be someone else or having someone else pretend to be you,

· making or accepting bribes, special favors, or threats, and

· any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton’s policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.

Details of the Code of Academic Conduct can be found in the Student Handbook.

VI. Outline of Topics:

See IV above, Items A through I.

VII. Methods of Instructions:

A. Lecture and Discussion

B. Working Problems and Reviewing Solutions

C. Case Discussion

VIII. Course Practices Required:

Students are expected to perform on a college level in text reading, writing, problem solving and oral presentations.

IX. Instructional Materials:

-In Example-

Required: A. Intermediate Accounting by Keiso, Weygandt, Warfield 13th Edition, Looseleaf Edition w/Wiley Plus access code. Please note that this book will last for two semesters (ACC 241 and ACC 242)

B. Student Handout Packet only available at Oakton bookstore.

X. Methods of Evaluating Student Progress:

A. Grades are based on class attendance and participation, homework submitted, quizzes, tests, and the final exam.

XI. Other Course Information:

A. Attendance is mandatory

B. Plagiarism/cheating: See Oakton Catalog for details

C. Class policy-Exam and arrangements might be made for make-up exams.

If you have a documented learning, psychological, or physical disability, you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the ASSIST office in the Learning Center. All students are expected to fulfill essential course requirements. The College will not waive any essential skills or requirements of a course or degree program.

Effective beginning term Summer 2006 ending term

(term) (year) (term) (year)

Syllabus prepared by: Jay Cohen

Reviewed by Dept/Program chair: Jay Cohen

Approved by Dean: Bradley P. Wooten May 2006