| Prof. Leo McMenimen |
Stocking
6 (107 Southworth St.)
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| mailto:MCMENIMENL@comcast.net |
Williams Home
Phone: 413-458-3980
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Course Outline/Assignments/Study Guide/Class Schedule |
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Various introductory financial accounting textbooks will be on reserve in the library |
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Your course grade will be determined on the basis of class attendance, performance on several announced quizzes, and acceptable completion of a course project. All quizzes will be comprehensive in nature. In determining the course grade, each quiz grade will be weighted equally. An average quiz score of 70 and a passing grade on the course project will be required in order to receive a passing course grade. An unexcused absence from class may be harmful to your course grade. |
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Description Return to Top |
An introductory course emphasizing the user approach to financial accounting. Students acquire an understanding of accounting terminology, the theoretical foundation of financial accounting and a basic understanding of the composition and significance of various financial statements. The course should enable students to critically analyze accounting information from an investor or creditor perspective. |
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Course Objectives Return to Top |
To introduce students to the
accounting profession, the regulatory bodies that govern the
development of accounting principles and the various occupations
associated with the preparation of financial data and financial
statements
To introduce students to the various forms of business entities that exist with a focus on proprietorship, partnerships and corporations. To introduce and familiarize students with the fundamental elements of accounting, and the accounting principles that underlie the preparation of basic financial statements To enable the students to understand how choices made among various available accounting principles will yield different reporting results |
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Outline Return to Top |
The following topics will be discussed
in this course:
The Basic Recording Process |
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A written solution to all homework
problems should be prepared prior to the class in which the problems
will be discussed. The assignments will not be collected.
The course content consists of a substantial body of material and will require a substantial commitment of time by the student. In order to assist the student in maximizing the effectiveness of his/her study, a Study Guide has been prepared. The student is strongly urged to adhere to this Study Guide. |
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A study guide will be made
available for the class at the following web site:
http://www.williams.edu/Economics/courses/econ014/wcacstudyguide.html The study guide includes self study fill-in-the-blank, multiple choice and essay questions. The answers to the fill-in-the-blank and multiple choice questions will also be provided. I would strongly recommend that you not look at the answers until you have answered the questions yourself. The study guide also includes self-study problems. The answers to these items are included in the study guide. The study guide will also include class notes for the course. |
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Schedule Return to Top |
Class will meet on the following
dates:
Thursday, January 3 Monday, January 7 Monday, January 14 Monday, January 21
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