DISCLAIMER
The instructor of this course reserves the right to change course content areas of this syllabus and to provide
students with notice of the change within a reasonable time frame.
801 North Capitol Street, NE Washington, DC 20002 (202) 274-5800
Vision – Serving as a benchmark for
excellence, the University of the District of
Columbia Community College (UDC-CC)
provides opportunity for District residents to
access high-quality, affordable, learner-focused
and market-driven programs that advance their
individual and the community’s economic, social
and educational goals.
Mission – In diverse, technology enhanced learning environments, UDC–
CC provides opportunities for students to obtain the requisite skills of
today’s workforce and prepares them for the demands of tomorrow. We
offer accessible, affordable, and high-quality programs to the residents of
the District of Columbia and the region. Our associate degrees, certificates,
workforce development and lifelong learning programs are market-driven
and learner focused. UDC-CC serves as a vital link to the intellectual,
economic, civic and cultural vitality of the region.
Semester and Year: Fall 2016
Course Title: Principles of Accounting I
Course Number and Section: ACCT 201C
Credit Hours: 3
Office Phone: 615-200-7059
Instructor: Jerry Chandler II, MBA
Class Location: Room 406
Faculty Office: TBD
Meeting Time: 7-8:20pm M&W
Prerequisite(s): None
Office Hours: 6-7 pm Mondays by appointment only
Email Address: jerry.chandlerii@udc.edu
COURSE DESCRIPTION
This course covers corporate financial accounting concepts and theories. The course identifies the basic accounting
concepts such as the differences between accrual accounting and cash accounting, double entry accounting, the
accounting equation, each of the four accounting statements, analysis of basic accounting transactions, the
adjustment process, and the completion of the accounting cycle. This course will also provide a more detailed
understanding of accounting for each of the major elements of the balance sheet such as inventories, accounts
receivable, fixed assets, current liabilities, long term debt, and owner’s equity.
COURSE OBJECTIVES
Understand the key differences between accrual and cash accounting and the advantages and disadvantages of each
Prepare and record basic business transactions using double entry accounting
Obtain a working knowledge of the accounting equation
Develop a basic understanding of financial statements and financial statement analysis
Understand how business transactions are reflected in the accounting equation and the financial statements
Develop a working knowledge of the accounting cycle including the period end adjustment process
Learn how to account for accounts receivable and to evaluate their collectability
Understand the difference between debt and equity financing and its impact on the balance sheet and profitability
Learn how to account for business with merchandise inventory
AACSB COMMON BODY OF KNOWLEDGE
This course contains elements of area of the American Association of Collegiate Schools of Business (AACSB)
Common Body of Knowledge (CBK).
Standards of the AACSB require that each degree program includes course work in the CBK. All business programs
shall include in their course of instruction the equivalent of at least one year of work comprising the following areas:
A background of the concepts, processes and institutions in the production and marketing of goods and/or
services and the financing of business enterprise or other forms of organizations.
A background of the economic and legal environment as it pertains to profit and/or nonprofit organizations
along with ethical considerations and social and political influences which affect such organizations.
A basic understanding of the concepts and applications of accounting, of quantitative methods, and of
management information systems including computer applications.
A study of organization theory, behavior theory, and interpersonal communications.
A study of administrative processes under conditions of uncertainty including integrating analysis and
policy determination at the overall management level.
COURSE MATERIALS
Textbook: Warren, Reeve, Duchac (2016, 2014), Financial & Managerial Accounting (13th ed), Cengage Learning,
ISBN #978-1-285-86630-7.Textbook Content: You will need the Cengage Online Access for interactive learning.
Blackboard: All course communication will be administered via blackboard. Changes to assignments, discussions,
projects, quizzes, exams, and course content will be posted to Blackboard.
SUPPLEMENTAL MATERIALS
Wall Street Journal, New York Times, Washington Post, Business Week, The Economist, Journal of
Accountancy, Journal of Finance, Journal of Economics
Watch CNBC television shows and related business programing.
WRITING REFERENCES
When completing writing assignments, all assignments are to be written in APA format. Please check for spelling
