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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ACCT2301
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Section Numbers:
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0331
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Semester/Year:
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SU2020
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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): 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.
ISBN: 978 126 064 9154
The book is available through the NCTC Bookstore and online in e-text or loose-leaf format. In either case, you must have access to the content in the text and access to McGraw-Hill CONNECT to complete most assignments.
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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INSTRUCTOR INFORMATION
Name of Instructor:
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Richard Walker
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Campus/Office Location:
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This an online course, so office hours are also online. I have a very busy schedule, but it is extremely flexible. So I can usually accommodate your schedule easily.
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Telephone Number:
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214-507-4610, text preferred or call.
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E-mail Address:
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rwalker@nctc.edu
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OFFICE HOURS
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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Contact me via text/call or email; text is preferred. TELL ME WHO YOU ARE AND IN WHICH SECTION YOU’RE ENROLLED. If I don’t answer immediately, I should be able to get back to you within the daypart (morning, evening, etc.). If you send me an email, please notify me by text that you’ve sent it.
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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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1.
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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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2.
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Identify the differences between cash and accrual accounting.
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3.
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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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4.
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Prepare adjusting entries and close the general ledger to complete the accounting cycle.
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5.
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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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6.
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Analyze and interpret financial statements using financial analysis techniques.
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7.
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Describe the conceptual differences between International Financial Reporting Standards (IFRS) and GAAP.
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COURSE SUBJECT OUTLINE
(Major Assignments, Due Dates, and Grading Criteria)
GRADING CRITERIA (in accordance with NCTC’s standard policy)
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# of Graded Course Elements
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Major Assignments (See the Course Calendar for due dates)
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Percentage or Point Values
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10
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Weekly Chapter Quizzes—based on Learning Outcomes
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40%
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4
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Unit Exams
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60%
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Grading Criteria
A > 90 B = 80-89 C = 70-79 D = 60-69 F < 60
ACCT2301.0331-SU20
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UNIT
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ASSIGNMENT
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DUE DATE
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UNIT I
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Quiz 1-Ch. 1
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June 12
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Quiz 2-Chs. 2-3
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June 19
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Quiz 3-Chs. 4-5
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June 25
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Exam I-Chs. 1-5
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June 26
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UNIT II
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Quiz 4-Ch. 6
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July 3
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Quiz 5-Chs. 7-8
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July 10
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Quiz 6-Ch. 9
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July 16
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Exam II-Chs. 6-9
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July 17
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UNIT III
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Quiz 7-Chs. 10-11
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July 24
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Quiz 8-Ch. 12
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July30
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Exam III-Chs. 10-12
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July 31
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UNIT IV
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Quiz 9-Ch. 13
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Aug. 7
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Quiz 10-Ch. 13
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Aug. 13
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Exam IV-Ch. 13
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Aug. 14
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- MAJOR ASSIGNMENTS
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)
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)________
Communication
Mathematics
Life and Physical Science
Language, Philosophy & Culture
Creative Arts
American History
Government/Political Science
Social and Behavioral Sciences
Component Area Option
REQUIRED CORE OBJECTIVES (For classes in the Core)
Critical Thinking
Communication
Empirical and Quantitative
Teamwork
Personal Responsibility
Social Responsibility
√ Academic General Education Course (from ACGM but not in NCTC Core)
Academic NCTC Core Curriculum Course
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:
- First offense: written warning and fail assignment.
- Second offense: fail class, possible suspension.
QUESTIONS, CONCERNS, or COMPLAINTS
Name of Chair/Coordinator:
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Dr. Cherly Furdge
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Office Location:
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Corinth campus—Suite 239, Office 234
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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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Debbie Huffman
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Office Location:
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Gainesville campus—Building 2100, Office #2106
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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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