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Course Title: Principles of Financial Accounting
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Course Prefix & Number: ACCT 2301
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Section Number(s): 0403
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Term Code: Spring 2020
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Semester Credit Hours: 3
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Lecture Hours: 40
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Lab Hours: 0
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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; understanding and use of the accounting process.
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Course Prerequisite(s): Recommended prerequisite: MATH 1314 and BCIS 1305 or equivalent.
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Course Required Materials: Introductory Financial Accounting for Business by Thomas P. Edmonds, 1st edition, published by McGraw-Hill (ISBN: 978-1-260-29952-6).
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x- Academic General Education Course (from Academic Course Guide Manual but not in NCTC Core)
o - Academic NCTC Core Curriculum Course
o - WECM Course
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Name of Instructor:
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Vanessa N Fields-Jackson
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Campus/Office Location:
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Virtual
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Telephone Number:
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469.464.9733
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E-mail Address:
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vnjackson@nctc.edu
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Name of Chair/Coordinator:
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Cherly Furdge
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Office Location:
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Corinth Campus
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Telephone Number:
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940-498.6238
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E-mail Address:
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cfurdge@nctc.edu
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In addition to meeting face-to-face, we have an online platform, CANVAS. Although CANVAS is 24/7, the instructor’s schedule may not be. To clear up this misunderstanding, please see Office Hours below. If you need to meet with the instructor at a different time, please schedule an appointment. Emails will be answered within 24 hours, Monday through noon on Friday. After noon on Friday through Sunday, they will be answered after 8am on Monday. You do have permission to email the instructor if an exam is not showing up.
Please only email me from Canvas or NCTC email. Any correspondence from personal email accounts will be ignored!!
Office Hours
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Monday
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By appointment only
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Tuesday
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By appointment only
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Wednesday
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5:20pm – 6:20pm
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Thursday
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8:00pm – 9:00pm
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Friday
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By appointment only
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Saturday
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Unavailable
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Sunday
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Unavailable
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STUDENT LEARNING OUTCOMES
- Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.
- Identify the difference between accrual and cash basis accounting.
- Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
- Prepare adjusting entries and close the general ledger.
- 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.
- Analyze and interpret financial statements using financial analysis techniques.
- Describe the conceptual differences between International Financial Reporting Standards and U.S. generally accepted accounting principles.
COURSE REQUIREMENTS, EVALUATION METHODS AND GRADING CRITERIA
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# of Graded Course Elements
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Graded Course Elements
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Points Values
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13
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Homework Assignments
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260 (20pts each)
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14
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LearnSmart Assignments
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210 (15 pts each)
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3
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Exams
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300 (100 pts each)
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8
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Learning Objectives Assignment (required)
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100pts (various)
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1
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Final Exam (Comprehensive)
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130pts
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Total Points Possible
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1,000pts
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GRADING POLICY:
Letter grades for this course will be assigned in accordance with NCTC standard grading policy.
A 90%-100% 900pts – 1,000pts D 60%-69% 600pts – 699pts
B 80%-89% 800pts – 899pts F 0-59% 0pts – 599pts
C 70%-79% 700pts – 799pts