HOUSTON COMMUNITY COLLEGE
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Principles of Accounting I |
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Catalog Description: |
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Fundamentals of financial accounting, including double-entry accounting and the accounting cycle. Other topics include cash, receivables, inventories, plant assets, liabilities, partnerships, corporation, investments, and statements of cash flows and interpretation of financial statements. |
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Course Title: |
Principles of Accounting I |
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Course Number |
ACCT 2301 |
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Credit Hours: |
3 semester credit hours |
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Prerequisites |
ACNT 1303 Introduction To Accounting I |
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Semester and Year |
Current Semester |
Instructor |
P. Tony Pitts |
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Class Days and Times |
Distance Education On-Line |
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Class Room Location |
Distance Education On-Line |
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Office: |
Contact the instructor by e-mail or by phone. |
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Office Hours |
Contact the instructor by e-mail or by phone. |
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Office Phone: |
Office (281) 240-7251 |
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Administrative Support |
Carolyn Paul carolyn.paul@hccs.edu Office (713) 718-5210 Fax (713) 718-5388 |
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Technical Support |
Ramiro Chapa 713 718-5271 ramiro.chapa@hccs.edu |
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important Dates |
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Current Semester 20xx |
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Semester Schedule |
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REVIEW I |
Week 4 |
2-4pm WestLoop Campus |
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EXAM I |
Week 5 |
See Distance Ed Handbook |
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REVIEW II |
Week 9 |
2-4pm WestLoop Campus |
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EXAM II |
Week 10 |
See Distance Ed Handbook |
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REVIEW III |
Week 14 |
2-4pm WestLoop Campus |
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EXAM III |
Week 15 |
See Distance Ed Handbook |
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OTHER DATES |
See Current Schedule |
Last Day to Withdraw Finals Exams |
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HOLIDAYS: |
See Current Schedule |
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MAKEUP EXAM DATES |
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All makeup examinations are from Contact Ms. Carolyn Paul at (713)718-5210 or 713-718-5388 Fax Email: Carolyn.paul@hccs.edu. |
Required Books and Materials
Accounting 6th Edition, by Horngren, Harrison, Bamber.
Prentice Hall Publisher, 2005
ISBN 0-13-143631-7
None
To apply accounting concepts and principles to business situations.
To apply the rules of debits and credits.
To apply the revenue and matching principle
To distinguish accrual-basis accounting from cash-basis accounting.
To prepare financial statements
To prepare closing entries.
To compute the cost of goods sold.
To understand special journals.
To identify the benefits of internal control.
To account for accounts receivable and notes receivable.
To describe inventory costing methods.
To compare and identify depreciation, depletion, and amortization
To account for current liabilities including payroll
To identify the characteristics of a corporation
To describe stock dividend, stock options, and stock splits
To identify the purposes of the statement of cash flows.
Students are expected to read all assigned chapters, complete and submit all assignments on due dates.
The nature of the course is such that viewing lecture notes, presentation materials and reading the textbook is essential for mastery of the course content. A missed assignment or reading can never be duplicated. Accounting is best learned through doing. Therefore there will always be homework assignments to be prepared outside of class. This will require a considerable commitment of time and effort from you. Typically, the successful student in college can count on (3 hours) of independent study for every hour in the classroom.
Students are responsible for the “learning objectives” at the beginning of each chapter. Accounting is a subject that cannot be mastered passively. The concepts and ideas could be compared to building blocks each serves as a foundation for new ones. It is extremely important that each student be actively involved in the learning process. This requires intensive study of each chapter, the study guide, and continuous application of the ideas to homework problems.
Your final grade for this course will be based on how well you do in meeting the evaluation requirements and applying the grading scale, which are listed.
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EVALUATIONS |
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Sectional Examination #1 Chapters 1-4 |
33.33% |
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Sectional Examination #2 Chapters 5-9 |
33.33% |
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Sectional Examination #3 Chapters 10,11,13,14,17 |
33.34% |
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TOTAL |
100.00% |
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Extra Credit (OPTIONAL) |
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Web Assignments (See Weekly Course Schedule) |
10 points |
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Assignments (See Weekly Course Schedule) |
10 points |
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Company Profile Analysis (An analysis of a company that is listed on the Stock Exchange or your own company if financial information is available or the companies has a web site). Needs Approval First (See the Download from the Course Web Site). |
10 points |
How to calculate your grade:
Example listed below
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Exam#1 |
Chapters 1-4 |
60 |
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Exam#2 |
Chapters 5-9 |
80 |
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Exam#3 |
Chapters 10,11,13,14,17 |
90 |
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Total Before Extra Credits |
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230pts |
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Homework ***Any three Exercises/Problems from the textbook) or ***Study Guide plus Three Assessments Per Chapter from the publisher web site see the menu from the WEBCT menu ) |
10pts |
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Web Lessons Assignment ***See Textbook Website on the WEBCT menu) |
10pts |
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Company Profile Analysis ***(See the file on menu on the WEBCT menu to download file) |
10pts |
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Total Extra Credits |
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30pts |
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Total Before Extra Credit |
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230pts |
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Total Extra Credit |
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30pts |
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Total points |
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260/3=87 |
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FINAL GRADE |
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87 B |
The Houston Community College System uses the following grading system: |
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A |
90-100 |
Excellent |
4 |
Points per semester |
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B |
80-89 |
Good |
3 |
Points per semester |
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C |
70-79 |
Fair |
2 |
Points per semester |
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D |
60-69 |
Passing |
1 |
Points per semester |
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F |
59- |
Failing |
0 |
Points per semester |
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IP |
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Incomplete |
0 |
Points per semester |
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W |
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No Credit |
0 |
Points per semester |
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I |
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Withdrew |
0 |
Points per semester |
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AUD |
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Pass |
0 |
Points per semester |
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Note: To compute grade point average (GPA), divide the total grade points by the total number of semester hours attempted. The grades “IP”, and “I”, do not affect GPA. |
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A student will be allowed one makeup examination per semester. You must fill out the “Request For Makeup Form” from the WEBCT website and fax it to:
Ms. Carolyn Paul
Distance Education Administrative Support
Fax (713) 718-5388
Phone (713) 718-5210
A student will have 45 days from the end of the semester to appeal a grade. Your request must be in writing and send to:
Houston Community College
Distance Education Department
Attention: Professor Tony Pitts pietro.pitts@hccs.edu
C/O Ms. Carolyn Paul
3100 Main Street-3th Floor
Houston, Texas 77002
The Disability Support Services (DSS) Office assists students with physical, learning, or emotional disabilities in developing independence and self-reliance. Services include adaptive equipment and reasonable accommodations for admissions assistance, testing, academic advising, registration, and classroom instruction. Interpreting service is provided for students who are deaf/hard of hearing and assistant technology devices are provided on a case by case basis.
HCCS is committed to compliance with the Americans with Disabilities Act (ADA) and the Rehabilitation Act of 1973 (Section 504). Students with special needs or disabilities, which may affect their ability to succeed in college classes or participate in college programs/activities, should contact the Disabilities Support Services (DSS)
If you require accommodations because of a physical, mental, and/or learning disability, please notify the instructor of this course as soon as possible and preferably before the end of the first week of class to arrange for reasonable accommodations. Any student with a documented disability (e.g. physical, learning, psychiatric, vision, hearing, etc.) who needs to arrange reasonable accommodations must contact the Disability Services Office at the respective college at the beginning of each semester. Faculty are authorized to provide only the accommodations requested by the Disability Support Services Office.
Disability support services can also be found online at these Web Sites:
Weekly emails, chats, or discussion groups.
All assignments are to be completed and submitted to the instructor on the scheduled due date. All late assignments will be reduced by one letter grade
The student has the ultimate responsibility to ensure that an official withdrawal/drop slip is completed, submitted to the Registrar’s Office, and processed.
In becoming a part of the academic community, students are responsible for honesty and independent effort. Failure to uphold these standards includes, but is not limited to, the following: plagiarizing written work or projects, cheating on exams or assignments, collusion on an exam or project, and misrepresentation of credentials or prerequisites when registering for a course. Cheating includes looking at or copying from another student's exam, orally communicating or receiving answers during an exam, having another person take an exam or complete a project or assignment, using unauthorized notes, texts, or other materials for an exam, and obtaining or distributing an unauthorized copy of an exam or any part of an exam. Plagiarism means passing off as his/her own the ideas or writings of another (that is, without giving proper credit by documenting sources). Plagiarism includes submitting a paper, report or project that someone else has prepared, in whole or in part. Collusion is inappropriately collaborating on assignments designed to be completed independently. These definitions are not exhaustive. When there is clear evidence of cheating, plagiarism, collusion or misrepresentation, a faculty member will take disciplinary action including but not limited to: requiring the student to retake or resubmit an exam or assignment, assigning a grade of zero or "F" for an exam or assignment; or assigning a grade of "F" for the course. Additional sanctions, including being withdrawn from the course, program or expelled from school, may be imposed on a student who violates the code of conduct and discipline.
Law strictly prohibits unauthorized copying of software purchased by Houston Community College. Appropriate disciplinary action will be taken against anyone violating copyright laws.
Computer viruses are, unfortunately, a fact of life. Using the diskettes on more than one computer creates the possibility of infecting computers and diskettes with a computer virus. Using email and surfing and downloading from the Internet also creates exposure to viruses. Therefore, the computers of the college, your personal computer, and any other computer you may be using can be exposed to potentially damaging viruses. The college has aggressive anti-virus procedures in place to protect its computers, but cannot guarantee that a virus might not temporarily infect one of its machines. It is your responsibility to protect all computers under your control and use and ensure that each computer hard drive and any diskettes you use, whenever or wherever you use them, have been scanned with anti-virus software. Since new viruses arise continually, your anti-virus software must be kept current. And, since no anti-virus software will find every virus, keeping copies of data (backups) is extremely important. BACK UP AND SAVE ALL YOUR COURSE ASSIGNMENTS, CORRESPONDENCE, AND WORK.
Grade Reports
The college records permanent grades only at the end of a semester and students can get their grades by going to www.hccs.edu, or www.getgrades.com, or call 1-877-341-4300 (toll free). Grades will longer be mailed or posted
Syllabus Changes:
While every attempt has been made to prepare this syllabus in final form, it will be the instructor’s prerogative to make any changes as may be deemed necessary in order to meet the learning outcomes of the class. Student will be notified of any changes.
HCCS ACCOUNTING DEPARTMENT WEBSITE:
http://swc2hccs.edu/accounting/photo.html
HOUSTON COMMUNITY COLLEGE WEBSITE
Web Assignment Schedule
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Chapters |
Topics |
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Points |
Due Dates |
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1 |
See the menu on WEBCT |
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Week 14 |
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2 |
See the menu on WEBCT |
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Week 14 |
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3 |
See the menu on WEBCT |
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Week 14 |
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4 |
See the menu on WEBCT |
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Week 14 |
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5 |
See the menu on WEBCT |
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Week 14 |
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6 |
See the menu on WEBCT |
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Week 14 |
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7 |
See the menu on WEBCT |
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Week 14 |
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8 |
See the menu on WEBCT |
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Week 14 |
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9 |
See the menu on WEBCT |
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Week 14 |
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10 |
See the menu on WEBCT |
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Week 14 |
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11 |
See the menu on WEBCT |
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Week 14 |
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13 |
See the menu on WEBCT |
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Week 14 |
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14 |
See the menu on WEBCT |
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Week 14 |
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17 |
See the menu on WEBCT |
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Week 14 |
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Total Points |
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10pts |
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Company Profile Assignment
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COMPANY PROFILE ANALYSIS |
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See the Course web site. 10 pts. Due: Week 14 (Accounting Lab Stafford) Ask for Kay or Bina (713-718-7912) and ask about the Lab hours) |
Weekly Course Homework Assignment Sheet
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WEEKLY COURSE SCHEDULE |
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DATES |
CHAPTER |
WEEK |
Due Date For Homework |
Textbook Title |
Textbook Readings |
Textbook Exercises, & Problems |
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Week 1 |
1 |
1 |
Week 14 |
Accounting and the Business Environment |
Pages 2-41 |
P1-1A P1-2A P1-5A |
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Week 2 |
2 |
2 |
Week 14 |
Recording Business Transactions |
Pages 42-89 |
P2-2A P2-3A P2-4A |
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Week 3 |
3 |
3 |
Week 14 |
The Adjusting Process |
Pages 90-137 |
P3-3A P3-4A P3-5A |
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Week 4 |
4 |
4 |
Week 14 |
Completing the Accounting Cycle |
Pages 138-181 |
S4-4 S4-8 S4-9 S4-11 E4-7 E4-8 |
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Week 4 |
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Review for Exam #1 Chapter 1-4 |
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Week 5 |
5 |
5 |
Week 14 |
Merchandising Operations |
Pages 182-245 |
E5-1 E5-2 E5-3 E5-4 |
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Week 5 |
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Exam #1 Chapter 1-4 |
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Week 6 |
6 |
6 |
Week 14 |
Merchandise Inventory |
Pages 246-279 |
E6-1 E6-2 E6-3 E6-4 E6-6 E6-9 |
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Week 7 |
7 |
7 |
Week 14 |
Accounting Information Systems |
Pages 280-321 |
S7-6 E7-2 S7-4 E7-8 |
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Week 8 |
8 |
8 |
Week 14 |
Internal Control and Cash |
Pages 322-359 |
S8-1 S8-2 S8-3 S8-6 S8-11 E8-5 E8-6 |
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Week 9 |
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9 |
Review #2 Chapter 5-9 |
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Week 10 |
9 |
9 |
Week 14 |
Receivables |
Pages 360-397 |
S9-3 S9-4 S9-8 P9-2A |
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Week 10 |
10 |
10 |
Exams #2 Chapter 5-9 |
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Week 11 |
11 |
11 |
Week 14 |
Plant Assets and Intangibles |
Pages 398-433 |
S10-2 S10-4 S10-5 |
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Week 12 |
12 |
12 |
Week 14 |
Current Liabilities and Payroll |
Pages 434-467 |
S11-6 S11-7 S11-8 S11-9 E11-1 E11-3 |
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