NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS

 

 

Course Title:

Principles of Finanacial Accounting

Course Prefix & Number: 

ACCT 2301

Section Number: 

400

Semester/Year:

Fall 2018

Semester Credit Hours:

3

Lecture Hours:

48

Lab Hours:

0

Course Description (NCTC Catalog):

Fundamentals of financial accounting concepts and interpretation of accounting data; analysis of financial statements; income and cash flow analysis; nature of assets, liabilities and equities; understanding and use of the accounting process. Course will include computer applications.

                                                       

Course Prerequisite(s): Recommended prerequisite: MATH1314 and BCIS1305 or equivalent.

Recommended co-requisite: MATH 1324 – Mathematics for Business & Social Sciences

Required or Recommended Course Materials:

 

E-book: Introductory Financial Accounting For Business, 1e by Edmonds/Olds with Connect Plus and SmartBook.  McGraw Hill.  

 

The lowest price option for you is to buy the e-tex and access card from the NCTC bookstore.  The NCTC bookstore also offers the loose leaf textbook, access card, Smartbook and e-text for $150 plus tax.   If you are renting the text, please make sure that the Connect access is included. 

 

Scantron forms for test taking (only final exam), pencil, paper, index cards and calculator (no programmable, graphing calculators or cell phone calculators).

 

 

             

 

INSTRUCTOR INFORMATION

Name of Instructor:

Dee Amaradasa

Campus/Office Location:

Corinth Campus, Room 313

Telephone Number:

940-498-6414

E-mail Address:

damaradasa@nctc.edu

 

OFFICE HOURS

Monday

Tuesday

Wednesday

Thursday

Friday

12:30 – 3:00pm

Corinth Rm 313

 

12:30 – 5:30pm

Corinth Rm 313

9:00am – 1:30pm

Corinth Rm 313

 

STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog

At the successful completion of this course the student will be able to:

1.

Use of basic accounting terminology and the assumption, principles, and constraints of the accounting environment.

2.

Identify the differences between accrual and cash basis accounting.

3.

Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).

4.

Prepare adjusting entries and close the general ledger

5.

Prepare financial statements in an appropriate U.S. GAAP format, including the following: income statement, balance sheet, statement of cash flows and statement of shareholders’ equity.

6.

Analyze and interpret financial statements using financial analysis techniques.

7.

Describe the conceptual differences between international Financial Reporting Standards and U.S. generally accepted accounting principles.

 

GRADING CRITERIA

# of Graded Course Elements

Graded Course Elements

Percentage or Point Values

Various

In Class Group Assignments

 120 points –  10%

Various

In Class Individual Assignments

90 points – 7.5%

Various

Ready Assignments

150 points – 12.5%

12

Homework

240 points – 20%

Various

Course Learning Outcomes Assessments

120 points – 10%

3

3 Unit Exams

300 points – 25%

1

Final Exam (Comprehensive)

180 points - 15%

 

Total Points Possible

1200 points - 100%

 

Letter grades for this course will be assigned in accordance with NCTC standard grading policy. 

     

A

90% - 100%

 

D

60% - 69%

B

80% - 89%

 

F

0 – 59%

C

70% - 79%

 

 

 

 

COURSE SUBJECT OUTLINE (Major Assignments, Due Dates, and Grading Criteria)

Week

Tentative Assignments

Tentative Due Dates

1

Introductions

9/2/2018

2

Wednesday Ready Assignment

Chapter 1 Homework

9/5/2018 7:00am

9/9/2018

3

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 2 Homework

9/10/2018 7:00am

9/12/2018 7:00am

9/16/2018

4

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 3 Homework

9/17/2018 9:00am

9/19/2018 7:00am

9/23/2018

5

Monday Ready Assignment

Wednesday Ready Assignment

Exam 1

Learning Outcome Assessment

9/24/2018 7:00am

9/26/2018 7:00am

9/30/2018

6

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 4 Homework

10/1/2018 7:00am

10/3/2018 7:00am

10/7/2018

7

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 5 Homework

10/8/2018 7:00am

10/10/2018 7:00am

10/14/2018

8

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 7 Homework

10/15/2018 7:00am

10/17/2018 7:00am

10/21/2018

9

Monday Ready Assignment

Wednesday Ready Assignment

Exam 2

Learning Outcome Assessment

10/22/2018 7:00am

10/24/2018 7:00am

10/28/2018

10

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 8 Homework

10/29/2018 7:00am

10/31/2018 7:00am

11/4/2018

11

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 9 Homework

11/5/2018 7:00am

11/7/2018 7:00am

11/11/2018

12

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 12 Homework

11/12/2018 7:00am

11/14/2018 7:00am

11/18/2018

13

Monday Ready Assignment

11/19/2018 7:00am

14

Monday Ready Assignment

Wednesday Ready Assignment

Exam 3

11/26/2018 7:00am

11/28/2018 7:00am

12/2/2018

15

Monday Ready Assignment

Wednesday Ready Assignment

Chapter 13 Homework

Learning Outcome Assessment

12/3/2018 7:00am

12/5/2018 7:00am

12/9/2018

16

Final Exam– In Class

 

12/10/2018 to 12/12/2018

Deadline – 12/12/2018 12 noon

 

 

 

 

 

 

 

 

ATTENDANCE POLICY

Regular and punctual attendance is expected of all students in all classes for which they have registered.  All absences are considered to be unauthorized unless the student is absent due to illness or emergencies as determined by the instructor.  It is the student responsibility to provide documentation as to the emergency for approval and judgement by the faculty member.  Approved college sponsored activities are the only absences for which a student should not be held liable and only when provided by a college official ahead of the absence.  Valid reasons for absence, however, do not relieve the student of the responsibility for making up required work.  Students will not be allowed to make up an examination missed due to absence unless they have reasons acceptable to the instructor.  A student who is compelled to be absent when a test is given should petition the instructor, in advance if possible, for permission to postpone the exam.  Student will be dropped from a class by the Registrar upon recommendation of the instructor who feels the student has been justifiably absent or tardy a sufficient number of times to preclude meeting the course’s objectives.    Persistent, unjustified absences from classes or laboratories will be considered sufficient cause for College officials to drop a student from the rolls of the College. From Board Policy FC (LOCAL)

Students are expected to attend class 100% of the time and to be on time for class.  The ability to communicate is an important business skill.  Students who are absent from class miss the opportunity to practice this skill.  This includes both listening and speaking.

 

Your instructor will take attendance daily.  If a student arrives after attendance is recorded, it is the student’s responsibility to make sure that the instructor records their attendance. 10 bonus points will be awarded to students with 100% attendance during the semester. 2 absences are allowed for 100% attendance bonus points. These 2 absences are to take into account any illnesses, car trouble, vacations etc. that a student may have.  If a student misses more than half an hour of any class period, this will be counted as an absence for attendance bonus purposes.

Missed daily in class assignments cannot be made up.

 

Some extra credit assignments will be assigned in class and students will miss the opportunity to obtain these points if they are absent from class.   Any questions about missed assignments due to absences need to be obtained from team members and other students who were present in class.

 

Absences may adversely affect your financial aid.

 

Last day to withdraw from a course with a “W” is _ November 8th 2018______________.

 

 

DISABILITY SERVICES (Office for Students with Disabilities)

The Office for Students with Disabilities (OSD) provides support services for students with disabilities, students enrolled in technical areas of study, and students who are classified as special populations (i.e. single parents).

Support services for students with disabilities might include appropriate and reasonable accommodations, or they may be in the form of personal counseling, academic counseling, career counseling, etc.  Furthermore, OSD Counselors work with students to encourage self-advocacy and promote empowerment. The Counselors also provides resource information, disability-related information, and adaptive technology for students who qualify.

If you feel you have needs for services that the institution provides, please reach out to either Wayne Smith (940) 498-6207 or Yvonne Sandman (940) 668-4321.  Alternative students may stop by Room 170 in Corinth or Room 110 in Gainesville.

COURSE TYPE

 

o           Academic General Education Course (from ACGM but not in NCTC Core)

o        Academic NCTC Core Curriculum Course

o        WECM Course

 

STUDENT HANDBOOK

Students are expected to follow all rules and regulations found in the student handbook and published online.

ACADEMIC DISHONESTY

Scholastic dishonesty shall include, but is not limited to cheating, plagiarism, academic falsification, intellectual property dishonesty, academic dishonesty facilitation and collusion.  Faculty members may document and bring charges against a student who is engaged in or is suspected to be engaged in academic dishonesty.  See Student Handbook, “Student Rights & Responsibilities: Student Conduct ([FLB(LOCAL)]”. 

 

Please refer to the student handbook on consequences for academic dishonesty.

 

QUESTIONS, CONCERNS, or COMPLAINTS

Name of Chair/Coordinator:

Dr. Cherly Furdge

Office Location:

Corinth Campus, Suite 239 Office 234

Telephone Number:

940-498-6238

E-mail Address:

cfurdge@nctc.edu

Name of Instructional Dean:

Debbie Huffman

Office Location:

Gainesville

Telephone Number:

940-668-3357

E-mail Address:

dhuffman@nctc.edu