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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Principles of Financial Accounting
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Course Prefix & Number:
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ACCT 2301
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Section Number:
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600
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Semester/Year:
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Spring
1-2020
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Semester Credit Hours:
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3
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Lecture Hours:
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48
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Lab Hours:
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0
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Course Description (NCTC Catalog):
This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) and applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders' equity to communicate the business entity's results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners' equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS).
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Course Prerequisite(s): Math 1324
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Required or Recommended Course Materials:
Required Textbook: Financial Accounting by John J. wild, 9th edition eBook, published by McGraw-Hill AND McGraw-Hill Connect access code. Scantron forms for test taking, pencil, paper, and calculator. The eBook and access code can be purchased online from the publisher or from the NCTC Bookstores. Also, low cost hard copy of text is available in the NCTC bookstore.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Richard Merrill
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Campus/Office Location:
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Corinth, Room # 313
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Telephone Number:
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940.498.6402
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E-mail Address:
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Rmerrill55@nctc.edu
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OFFICE HOURS
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Monday
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Tuesday
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Wednesday
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Thursday
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Friday
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10:00 – 12:30
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1:00 – 3:00
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10:00 – 12:30
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1:00 – 3:00
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STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog
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At the successful completion of this course the student will be able to:
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Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.
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Identify the difference between accrual and cash basis accounting.
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Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
Prepare adjusting entries and close the general ledger.
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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.
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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 and U.S. generally accepted accounting principles.
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GRADING CRITERIA
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# of Graded Course Elements
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Graded Course Elements
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Percentage or Point Values
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12
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Homework Assignments
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120
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12
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Learn Smart Study Modules
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60
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7
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Learning Outcome Assessments
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60
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4
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Unit Exams – drop lowest score
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300
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1
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Final Exam
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100
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Total Points
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640
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GRADING POLICY:
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%
Students are expected to attend class 100% of the time and to be on time for class. Students are considered absent if not present when the attendance sheet is distributed. 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. Attendance is recommended and highly encouraged though not required as a direct component of a student’s grade.
Students will not be allowed to make up an examination missed due to absence unless they have reasons acceptable to the instructor. 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 February 21, 2020.
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)________
o Communication
o Mathematics
o Life and Physical Science
o Language, Philosophy & Culture
o Creative Arts
o American History
o Government/Political Science
o Social and Behavioral Sciences
o Component Area Option
REQUIRED CORE OBJECTIVES (For classes in the Core)
o Critical Thinking
o Communication
o Empirical and Quantitative
o Teamwork
o Personal Responsibility
o Social Responsibility
oX Academic General Education Course (from ACGM but not in NCTC Core)
o Academic NCTC Core Curriculum Course
o WECM 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:
- Failing score on individual assignment;
- Failing grade for the course;
- Suspension from the College.
QUESTIONS, CONCERNS, or COMPLAINTS
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Name of Chair/Coordinator:
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Dr. 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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Name of Instructional Dean:
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Ms. Debbie Huffman
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Office Location:
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Gainesville Campus
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Telephone Number:
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940.668.3357
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E-mail Address:
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dhuffman@nctc.edu
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