Fall 2019 Course Syllabi

Dakota College at Bottineau Course Syllabus Course Prefix/Number/Title: ACCT 294 – Independent Study Credits: 3 Prerequisite courses: ACCT 294 Instructor: Penny Belgarde Office: DCB Office on Minot State University campus – Minot, ND Phone: 701-858-4339 E-mail: penny.belgarde@dakotacollege.edu Class Schedule: Online-Independent Study Textbook(s): The series of six workbooks and study guides (Mastering Payroll, Mastering Depreciation, Mastering Correction of Accounting Errors, Mastering Inventory, Mastering Adjusting Entries, and Mastering Fraud Prevention) produced by AIPB. Course Description This course is a study of accounting principles relating to payroll, depreciation, correcting accounting errors, adjusting entries, inventory, internal controls and fraud prevention. It provides a review in preparation for the Certified Bookkeeper Examination. Course Objectives It is expected that students will be able to: 1. Carry out the basic payroll function. 2. Understand basic reporting of wages and taxes. 3. Make payroll entries for the payroll distribution, payroll-related expense, payroll liabilities, and remittance of employer taxes. 4. Understand how qualifying assets are depreciated. 5. Depreciate for book purposes assets purchased at any time during the year using the four accepted methods. 6. Depreciate both listed assets and real estate for tax purpose. 7. Depreciate vehicles for tax purposes. 8. Perform the monthly bank reconciliation. 9. Find and correct errors in the trial balance. 10. Find and correct accrual errors. 11. Find and correct deferral errors. 12. Determine the cost of goods sold and ending inventory using both perpetual and periodic methods. 13. Compute and record cost of goods sold and ending inventory using weighted averages, FIFO, and LIFO. 14. Compute and record changes in inventory under the lower of cost or market rule. 15. Understand accruals and deferrals. 16. Calculate and record adjusting entries for accrued and deferred revenue and expenses. 17. Complete the adjusted trial balance. 18. Install basic internal controls in a business to prevent employee theft, check fraud, and credit card fraud.