Course Detail

ACCY 201 Introduction to Accounting Principles I

ACCY 201 IS Sec 4, University of Mississippi
[See UM Catalog for Description]

3 credit hours

Instructor Information:

Instructor name:
Dr. Dave Nichols

Instructor Information:
Dr. Nichols is an Associate Professor in the E. H. Patterson School of Accountancy at The University of Mississippi. He earned his Ph.D. in Accounting at Oklahoma State University.

His research interests include, in addition to Title VII employment issues, accounting certification issues and the usefulness of geographic segment reporting.

Contact Information:

If you have questions concerning the content of the course, you may contact the instructor directly using the Email Your Instructor link in the Lessons or Content page. NOTE: Whenever sending email, please be sure to indicate your course title and number in the subject line. You can expect a response within 72 hours, although it may be longer on weekends. Many instructors reply within 24 hours.

For lesson or test administration issues, please contact the iStudy department:

Course Description

This 12-lesson Independent Study course is on the topic of Accountancy. Accountancy 201, the first half of Introduction to Accounting Principles, gives you the basic foundation for preparing, understanding, and using financial information. The course is designed to prepare you for more advanced study in the field of accounting as well as in related fields of business and economics. The course is also designed for students of the arts and sciences who desire a basic knowledge of financial record keeping, financial reports, and the basic elements of business.

Since the course begins at the elementary level, no prior knowledge of business or bookkeeping is required. The functions of recording, accumulating, and summarizing accounting data for a proprietorship are emphasized early in the course. Specialized topics including internal control, interest, depreciation, and payroll are covered. Emphasis throughout the course is placed on the principles governing the practice of accounting.

Textbook Information:

Textbook information will be provided upon enrollment in your iStudy course.

Course Objectives:

The objective of the course is to provide you with a basic understanding of financial accounting. Upon successful completion of the course, you should be able to account for and to report many different types of transactions affecting many different types of accounts.

In addition, this course will provide a review of the major business activities of a company. These business activities include:

• the sale of goods and services
• the collection of cash and accounting for receivables
• the purchase and the valuing of inventory
• the purchase, disposal, and accounting for long-term assets
• the issuing and repayment of debt
• the accounting for stock transactions

Course Outline:

This course consists of 12 instructional modules (or lessons).

Lesson

Reading Assignments

Due for Grades

Pacing Guide
to complete the course in one semester

Grading:

The grading format is as follows:
90 - 100% = A
80 - 89% = B
70 - 79% = C
60 - 69% = D
Below 59% = F

The grading format is as follows:

Online homework (quizzes, homework exercises) = 17.5%
Course Exam 1 = 27.5%
Course Exam 2 = 27.5%
Final Exam = 27.5%

FAILURE TO TAKE THE FINAL EXAM WILL RESULT IN FAILURE OF THE COURSE.

You must submit the lessons required to take the course exam(s). Lessons required but not submitted will receive a grade of zero. For the final exam, all coursework must be submitted and graded.