COLLEGE OF BUSINESS AND PUBLIC AFFAIRS

Course Data Sheet

Fall Semester, 2008

 

Course Number and Title: Accounting 461, Accounting Information Systems (3) hours credit

 

Course     Description: An introduction to information systems with emphasis on concepts of analysis, design, and implementation of accounting systems with attention to internal control and the audit trail.  Students will be working with a computerized accounting software package.

 

Prerequisite: At least a grade of C in ACCT 301 and ACCT 321.

 

Course Text and Required Materials:

 

Computer Accounting with Peachtree Complete, 12 th Ed. (Program CD included) By Carol Yacht ISBN 978-0-07-337939-5; McGraw-Hill/Irwin; New York, 2008; Students should also have access to a recent edition of an Intermediate Accounting text.  We will also be working briefly with the QuickBooks program in the last week of classes. No text or materials are required for the QuickBooks sessions. The Online Learning Center (OLC) at www.mhhe.com/ulmer2007 will be used to download sample data files data files for the QuickBooks program. 

It is very important to back up and save files on external storage media as backing up on the hard drives in computer labs is no assurance that the information will remain intact from class period to class period.  Also, it will allow you to work on assignments outside of class on your own personal computers.  Students will need to have external storage media available to save and back up work on portable data files.  A 1-2 GB Flash Drive is recommended. Occasionally during the semester you will be required to submit your portable data file to me so I can check your work.  You will also be required to provide hard copies (print outs) of some of your work.

 

College Mission Statement:

 

The College of Business and Public Affairs, consistent with the overall mission of The University of Tennessee at Martin, develops graduates whose skills, abilities and ethical standards contribute to a diversified and dynamic society. With a primary focus on teaching, the College emphasizes quality undergraduate and graduate instruction and faculty commitment to student and regional development. Programs are delivered in an environment that encourages a broad understanding of the forces shaping global social, political and economic change. The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research, and service.

 

BSBA Learning Objectives related to the CBPA Mission:

 

BSBA 3 Demonstrate competence in Technology

BSBA 4 Demonstrate effective verbal and written communication skills

BSBA 5 Demonstrate competence in the Accounting Major

 

Course Specific Objectives: (As approved by accounting faculty)

 

The study of Accounting Information Systems has as its objective to provide the student with an understanding of:

 

·              How accounting principles are integrated into computerized accounting information systems that use double-entry methodology to account for business transactions,

·              The steps necessary to adapt accounting information learned from textbooks to computerized accounting information systems,

 ·             The steps required to set up an accounting information system based on an appropriate chart of accounts used as the focus to record transactions using a computerized accounting information system,

·              How to generate all financial statements required by generally accepted accounting principles through use of computers,

·              How the general ledger and various subsidiary ledgers work in an integrated computerized accounting information system, and

·              How computers have impacted the construction, maintenance, and reporting of accounting information.

 

Any student eligible for and requesting academic accommodation due to a disability is required to supply a letter of accommodation from Disability Services (PACE Office), Clement 203 (Extension 7605 or 7744), within the first two weeks of the semester. 

 

 

Class Data Sheet

 

Instructor:

Dr. Robert L. Putman, CPA

 

Semester:  Fall 2008

Office:

20 Business Administration Bldg.

 

Phone:  (731) 881-7305 or (731)-352-5797

E-mail:

bputman@utm.edu

 

Fax:  (731) 881-7241

Web Location :

http://www.utm.edu/staff/bputman/

 

Office Hours:  M & W 10:00-12:00

                         M & W 4:00-4:30

Publisher’s Website

http://www.mhhe.com/yacht2008

 

Class meets: M & W 1:00-2:15 PM

 

Attendance Policy:

 

All students are expected to attend class and to participate in classroom discussion. Excessive absences will result in the student’s inability to pick up important instruction and tips regarding the workings of an accounting information system. More than two unexcused absences are excessive.  For each unexcused absence in excess of two, ten (10) points will be deducted from the total points earned by the end of the semester. 

 

 

Course Requirements:

 

The course will consist of an appropriate mix of classroom instruction and hands-on learning of the Peachtree Complete Accounting program. The program is installed on your lab computers.  Additionally, a program disk is provided with the purchase of your text for your use on your own personal computer.  We will cover 14 chapters in your text during the semester.  You will also be introduced to the QuickBooks program during the last week of classes.  The classroom instruction will cover the material and examples included in each of the chapters in your text.  I strongly recommend that you work on the examples in each chapter before doing the required homework which should be done mostly outside of class.  Your assigned end-of-chapter exercises should be worked after an intensive study of the chapter material.  It is very important in the beginning for you to learn how to save your exercises and projects to external media and then restore the information as you continue to work and update your files.  We will cover this in the first few regular class meetings. 

 

You will be required to take two (2) exams plus the final exam in this course (see tentative schedule which follows).  Each of the exams will count 100 points.  Additionally, you will be assigned three (3) projects worth 50 points each.  The special projects should be turned in to me at the due date noted on the tentative schedule in order to receive full credit.  Finally, you will receive a maximum of 50 points for the exercises that are to be turned in at the end of each chapter.  The exercises are due at the beginning of the class period immediately following the date the exercises are assigned.

 

Grades:

 

Points and letter grades will be awarded as follows for the course:                                     Letter Grades will be as follows:

 

      Exam 1 on Chapters 1-5…………………………….100 Points                                     A:   450-500 Points (90%)

      Exam 2 on Chapters 6-8…………………………….100     ”                                         B:   400-449     ”      (80%)

      Final Exam, comprehensive…………………………100    ”                                         C:   350-399     ”      (70%)

      Project 1……………………………………………..  50    ”                                         D:   300-349     ”      (60%)

      Project 1A…………………………………………… 50    ”                                         F:    LT 300      ”       (LT 60%)

      Project 2………………………………………………50    ”     

      End-of-chapter exercises…………………………….. 50   ”   

 

      Total Possible………………………………………. 500 Points

 

  


 

Important Dates To Observe During the Semester

 

Last day to add a course ----------August 29

First Exam-Chapters 1-5------------September 17

Second Exam—Chapters 6-8-----------October 6

Mid-term Progress report-----------October 10      

Last day to drop a class, WD-------October 17

Project 1 due----------------------October 29

Project 1A due---------------------November 3

Project 2 due----------------------November 24

Final Exam-Comprehensive-----------December 8 (12:45-2:45)

 

 

 

 

TENTATIVE SCHEDULE

 

Date

Chapter

Topic

Assignments

Relationship of Class work to CBPA Learning Goals

08-25-08

 

Introduction-Syllabus discussion

 

 

27

1

Back-up; saving; VISTA points

Exercises 1-1; 1-2

BSBA 3

09-01

 

Labor Day Holiday

 

 

03

2

Vendors; Restoring, Purchase Orders, payment, add vendors

Exercises 2-1; 2-2

BSBA 3; BSBA 5

08

3

Customers: sales orders, invoices, customer receipts, accts receivable

Exercises 3-1; 3-2

BSBA 3; BSBA 5

10

4

Employees: maintenance, default information, pay employees

Exercises 4-1; 4-2

BSBA 3; BSBA 5

15

5

Chart of accounts; general  ledger, trial balance; internal controls

Exercises 5-1; 5-2

BSBA 3; BSBA 5

24(Revised)

 

Exam on Chapters 1-5 (100 pts)

 

BSBA 4

29

6

Job costing; adding new jobs; materials and labor costs to jobs

Exercises 6-1; 6-2

BSBA 3; BSBA 5

10-01

7

Financial Statements; Balance Sheet; Income, Cash Flow and retained earnings statements

Exercises 7-1; 7-2

BSBA 3; BSBA 4;

BSBA 5

06

8

Stone Arber Landscaping; Time sheets; billing and collection

Exercises 8-1; 8-2

BSBA 3; BSBA 5

8

 

Catch up and review time

 

 

13

 

Fall Break Holiday

 

 

15

 

Exam on Chapters 6-8 (100 pts)

 

BSBA 4

20

9

Set up company from scratch; Chart of accounts

 

 

22

9

Journalizing, adjusting, and closing

Exercises 9-1; 9-2

BSBA 3; BSBA 5

27

10

Quarterly and end-of-year activities

Exercises 10-1;

10-2

BSBA 3; BSBA 5

29

P. 367

Mary Albert, Accountant; chart of accounts; adding, deleting, changing accounts; recording initial balances

Project 1 (50 points) due 10-29

BSBA 3; BSBA 5

11-03

P. 377-78

Design, recording, adjusting, closing your own hypothetical company

Project 1A (50 points) due 11-3

BSBA 3; BSBA 4;

BSBA 5

5

 

Completion of Project 1A

 

 

10

11

Set up of a merchandising firm; vendors, invoices and payments

Exercises 11-1; 11-2

BSBA 3; BSBA 5

12

12

Customers and sales; Sales tax; accounts receivable; collections

Exercises 12-1; 12-2

BSBA 3; BSBA 5

17

13

Inventory; types of inventory; FIFO and LIFO pricing

Exercises 13-1; 13-2

BSBA 3; BSBA 5

19

14

Payroll activities; adding employees and paying

Exercises 14-1; 14-2

BSBA 3; BSBA 5

24

Project 2

Set-up and workings of a merchandising firm

Project 2

 

26-30

Thanksgiving Holidays

 

12-01

Project 2

Recording, adjusting, financial statements

Project 2 (50 points) due 11-24

BSBA 3; BSBA 4;

BSBA 5

03

Project 2

Completion

 

 

 

 

12-08-08

 

Comprehensive Final Exam (12:45-2:45)