COLLEGE OF BUSINESS AND PUBLIC AFFAIRS

Course Data Sheet

Spring Semester, 2007

 

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

 

Course Text and Required Materials:

 

Integrated Accounting for Windows, 5th edition by Klooster and Allen; ISBN 0-324-31249-0; 2007

Students should also have access to a recent edition of a good Intermediate Accounting Text

 

College Mission Statement:

 

The College of Business and Public Affairs, consistent with the overall mission of The University of Teunessee 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 point 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

 

Class Data Sheet

Instructor:

Dr. Robert L. Putman, CPA

 

Semester:  Spring 2007

Office:

229B Business Administration

 

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

E-mail:

bputman@utm.edu

 

Fax:  (731) 881-7241

Web Location :

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

 

Office Hours: 

Tu & Th 9:00-11:00 and 1:00-2:30; Wed 9:00-12:00

Publisher’s Website

http: accounting.swlearning.com

 

 

Attendance Policy:

 

All students are expected to attend class and to participate in classroom discussion. Excessive absences will result in the lowering of one's homework points. More than two unexcused absences are excessive.  For each unexcused absence in excess of two, one (1) point will be deducted from the total of 75 allowed for satisfactory homework performance.

 

 

 

 

 

 

 

  Homework Policy: 

Homework consists of working problems assigned outside of class and are due at the start of the class meeting immediately after completion of the chapter.  If you cannot attend due to an excused absence, please e-mail or fax the Problems and/or Questions to me prior to class. For each problem not TURNED IN or INCOMPLETE WHEN SUBMITTED, five points will be deducted from your 75 point homework participation grade.  There will be no points awarded for late homework unless you have a valid excuse for such tardiness.  Homework should be turned in on hard copy printout.  Points will be awarded for each problem you turn in if it is substantially complete.  If you receive an S on the problem, it means that you received satisfactory credit for that problem.  If you receive a U on the problem, it means no credit was awarded for that problem, but you can complete it and turn it back in within a week and receive satisfactory credit

Comprehensive Problems:  There will be two comprehensive problems and Problem 12-B in your text that must be turned in both on hard copy and on electronic media format.  So it is important that you make duplicate copies of these problems to insure that backup data is stored in case of loss of the media or otherwise destruction of the files.  Each of these comprehensive problems will count up to 25 points toward your course grade.  The comprehensive problems are due as indicated on the tentative schedule that follows.

 Classroom

Participation 

 You will be expected to enter into classroom discussions.  This includes asking and answering questions, bringing real life situations into the classroom through initiating discussions about them, and your overall attitude demonstrated throughout the course.  We will be working on problems in this classroom that will be similar to your assigned homework.  So you can see that your participation in this classroom will be very important to you in earning your course grade.

    Grades: 

Final grades will be determined as follows:

 

 

 

 

First Exam    (Chapters 1-4)                       100 Points                A = 450-500 pts                                                                  

Second Exam  (Chapters 5-8)                     100     “                   B = 400-449 pts                                                                       
Final Exam (Chapters 9,10,12)                   150     “                   C = 350-399 pts                                                                         
Comprehensive problems                              75     “                    D = 300-349 pts                                 
Homework and participation                         75     “                   F = LT 300 pts                                                             
Total                                                            500  Points                                                                             

 

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. 

 

TENTATIVE SCHEDULE

Date

Chapter

Topic

In Class Assignments

Homework Assignments and Due Dates

 

1-16-07

1

Course syllabus and requirements; Computer commands review

 

None

 

None

 

18

1

Accounting principles review

Account classifications

Accounting equation transactions

Student exercises and questions; Problem 1-A

Problem 1-B due 1-23-2007

 

23

2

Chart of Accounts; Journal entries; General Journal; Bank statement reconciliation;

Student exercises (Matching and T/F)

Problem 2-A

 

 

25

2

Financial Statement generation

Special Cash Flow Statement consideration

Problem 10-S cash flow statement section

Problem 2-B due 1-30-2007

 

30

3

Merchandising enterprises

Special journals and subsidiary ledgers

Student exercises and questions; Audit questions 3-A

 

 

2-1-2007

3

Purchases/Cash Payments Journal; Sales/Cash Receipts Journal; Cash discounts

Problem 3-A

 

Problem 3-B (Incl option 8; omit option 9) Due 2-6-07

 

6

4

The Voucher System and Voucher Journal; Check Register

Student exercises and questions

 

 

8

4

Budgets and budget reports

Spreadsheet and word processing integration

Problem 4-A

Problem 4-B (2-15-07); Comprehensive Problem I (2-20-07)

*Hard copy & disk*

 

13

 

Exam on Chapters 1-4

 

 

 

15

5

Processing purchase orders and vouchers; accounts payable

Student exercises, matching only

 

 

20

5

Inventory control and maintenance

Problem 5-A

Problem 5-B with options included (2-22-07)

 

22

6

Processing sales orders; Inventory valuation methods; accounts receivable lists

Student exercises, matching and questions

 

 

27

6

Sales journal and cash receipts journal activity

Problem 6-A

Problem 6-B with options (3-1-07)

 

3-1-2007

7

Fixed Assets; Additions and deletions

Student Exercises; True/false & questions

 

 

6

7

Depreciation methods

Journal entries for depreciation

Problem 7-A

Problem 7-B including both options (3-8-07)

 

8

8

Payroll maintenance; Additions, deletions, other changes in employees

Student exercises true/false & questions

 

 

12-16

 

Spring Break

 

 

 

20

8

Payroll transactions; Payroll journals, quarterly reports

Problem 8-A; selected audit questions

Problem 8-B with optional WP exercise

(3-27-07)

 

22

 

Exam 2-Chapters 5-8

 

 

 

27

9

Partnership Equity Accounts

Corporation Equity Accounts

Student Exercises and questions

 

 

29

9

Financial Statement differences; capital, drawings, dividends

Problem 9-A

Problem 9-B (4-3-07)

Comprehensive Problem II (4-5-07)*

 

Date

Chapter

Topic

In Class Assignments

Homework Assignments and Due Dates

 

4-3-2007

10

Financial Statement Analysis Overview

Student exercises and questions

 

 

5

10

Horizontal-Vertical Analysis; Ratio Analysis

Problem 10-A

Problem 10-B Include Spreadsheet option

 

10

10

Cash Flow Statement revisited

 

To work cash flow statement (4-12-07)

 

12

12

Setup of computerized accounting systems; company information

Student exercises and questions

 

 

17

12

Chart of accounts; customer & vendor setup; special journals

Problem 12-A

Problem 12-B (Hard copy and disk)*

(4-24-07)

 

24

 

Review of selected commercial applications (1) Quickbooks (2)MS Small Business Accounting (3) Computer Associates and others

 

 

 

29

 

Wrap-up; point reconciliation; review for final

 

 

 

5-9-2007

 

Final Exam-Chapters 9,10,12

10:00-12:00 AM

 

 

 

 

Important Dates To Observe During the Semester

 

Last day to add a course or drop with 100% refund----January 22, 2007

First Exam-Chapters 1-4-----------------------------February 13, 2007

Comprehensive Problem I Due-------------------------February 20, 2007

Mid-Term Progress reports due---------------------------March 5, 2007

Last day to drop a class---------------------------------March 9,2007

Second Exam-Chapters 5-8-------------------------------March 22, 2007

Comprehensive Problem II Due----------------------------April 5, 2007

Setup Problem 12-B Due---------------------------------April 27, 2007

Final Exam-Chapters 10, 11, 12----------------------------May 9, 2007