NORTH CENTRAL TEXAS COLLEGE
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Principles of Financial Accounting
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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; and understanding and use of the accounting process. The course will include computer applications.
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Course Prerequisite(s): MATH1314 and BCIS 1305 or equivalent are recommended. MATH1324 (Mathematics for Business & Social Sciences) is co-recommended.
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Required or Recommended Course Materials:
TEXT: Introductory Financial Accounting for Business, 1e (McGraw-Hill)
by Edmonds/Olds. You must also purchase CONNECT access.
The book is available in e-text format or loose-leaf. In either case, you must have access to the content in the text and access to McGraw-Hill CONNECT.
Technology Requirements: Students must have access to the Internet and have the digital hardware and software required to access the course and complete homework (HW) assignments via Canvas and McGraw-Hill CONNECT. If and as required students may need to use productivity software such as Excel or Google Sheets.
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I am an adjunct instructor, so I do not have an office. I can meet you on campus (Corinth) during office hours and by appointment at other times and on other days.
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Available other times and days by phone, text, or email.
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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:
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Use basic accounting terminology and understand and apply the assumptions, principles, and constraints of the accounting environment.
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Identify the differences between cash and accrual accounting.
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Analyze and record business transactions in accordance with Generally Accepted Accounting Principles in the U.S. (GAAP).
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Prepare adjusting entries and close the general ledger to complete the accounting cycle.
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Prepare financial statements in accordance with GAAP, including but not limited to the Income Statement, Balance Sheet, Statement of Cash Flows, and the Statement of Stockholders’ Equity.
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Analyze and interpret financial statements using financial analysis techniques.
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Describe the conceptual differences between International Financial Reporting Standards (IFRS) and GAAP.
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# of Graded Course Elements
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Percentage or Point Values
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Quizzes (based on Student Learning Outcomes)
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Exams—three unit exams and a final
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(in accordance with NCTC’s standard policy)
COURSE SUBJECT OUTLINE (Major Assignments, Due Dates, and Grading Criteria)
Quizzes are assigned daily based on Student Learning Outcomes.
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Jan. 28—Monopoly Project opens
Feb. 13—Unit 1 EXAM (Chapters 1-3)
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Mar. 12—Unit 2 EXAM (Chapters 4-7)
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Mar. 31—Monopoly Project closes
Apr 16—Unit 3 EXAM (Chapters 8-11)
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May 12—Unit 4 EXAM (Chapters 12-13)
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Capstone Requirements for Accounting Majors.
The capstone for the Accounting Technician Certificate is a comprehensive program exam with a score of 70% or higher. The exam must be scheduled with the Department Chair upon completion of a certificate.
The capstone requirement for the AAS Degree in Accounting is ACNT 2302 Accounting Capstone. It should be taken the last semester before graduation. This course may not be substituted.
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)
Last day to withdraw from a course with a “W” is APRIL 3rd.
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.
CORE CURRICULUM FOUNDATIONAL COMPONENT AREA (For classes in the Core)________
COURSE TYPE
x Academic General Education Course (from ACGM but not in NCTC Core)
Academic NCTC Core Curriculum Course
Students are expected to follow all rules and regulations found in the student handbook and published online.
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)]”.
Consequences for academic dishonesty may include:
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First offense: written warning and fail assignment.
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Second offense: fail class, possible suspension.
QUESTIONS, CONCERNS, or COMPLAINTS
Name of Chair/Coordinator:
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Corinth campus—Suite 239, Office 234
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Name of Instructional Dean:
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Gainesville campus—Building 2100, Office #2106
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