NORTH CENTRAL TEXAS COLLEGE COURSE SYLLABUS

 

Course Title:	Principles of Financial Accounting
Course Prefix & Number:		ACCT 2301	Section Number:	340	Semester/Year:	Fall 2020
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 Course Materials:   E-book: Financial Accounting: Information for Decisions, 10e by John J. Wild with Connect Plus and SmartBook.  McGraw Hill.  When you register with McGraw-Hill Campus, there will be an option for you to purchase the e-text directly from the publisher.  If you need a printed copy, you can upgrade your purchase for an additional fee.  All ACCT Course materials can be purchased from the NCTC Bookstore or online from the publisher.   Access Code: The access code for McGraw-Hill will be necessary for completing the homework assignments.  Please check with the bookstore if you do not have an access code.   Computer and Internet: You are responsible for making sure your computer is up to date and has internet access.  Please download the free version of Excel. Check with IT Services if you have questions regarding technology.   ITS email: itssupport@nctc.edu Technology Help Desk:  (940) 668-4284 or (940) 498-6288 x 6288   McGraw Hill email:  http://mpss.mhhe.com/contact.php  McGraw Hill Help Desk: (800) 331-5094

 

INSTRUCTOR INFORMATION

Name of Instructor:	Hollie Henry
Campus/Office Location:	NA
Contact Information:	Phone: (972) 947-9443 x 22116 Email: Use Canvas email, or hhenry@nctc.edu

 

 

 

OFFICE HOURS

Monday	Tuesday	Wednesday	Thursday
8:00 – 10:00 am	8:00 – 10:00 am	8:00 – 10:00 am	8:00 – 10:00 am

 

 

STUDENT LEARNING OUTCOMES

At the successful completion of this course the student will be able to:
1	Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.
2	Identify the difference 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
13	Homework Assignments - (20 points each, drop lowest)	240
13	Quizzes - (20 points each, drop lowest)	240
1	Syllabus Quiz	0
12	Course Learning Objectives Assessments	120
13	Discussion Forums - (10 points each)	130
13	Discussion Forum Replies - (10 points each)	130
4	Unit Exams - (100 points each, drop lowest)	300
1	Final Exam - (comprehensive)	100
	Total Points Possible	1260

 

 

GRADING POLICY

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

A	1134 or more points, 90% average on assignments
B	1008-1133 points, 80% average on assignments
C	882-1007 points, 70% average on assignments
D	756-881 points, 60% average on assignments
F	less than 756, less than 60% average

 

 

 

 

 

 

• Please check Canvas and NCTC email daily for important announcements.
• Go to MODULES to start the course, and follow chronologically.
• Use the syllabus as a checklist of tasks to complete each day. The due date for any assignment in the syllabus is the last possible day to turn in that assignment in.  I highly recommend turning in assignments a couple of days before the due date to allow for technical issues or emergencies. I will not extend due dates for technical issues or emergencies. I already drop the lowest exam, homework and quiz grade for reasons such as these.
• Students are required to learn the material by reading the chapters and completing the assignments. The only resource that contains all of the information you will be tested on is the book.  The videos are a great supplemental resource for visual and auditory learners.  The videos are assigned in McGraw-Hill, but are optional.  The power points are only provided for convenience.  They only contain a fraction of the information needed to master the information.
• Students are responsible for keeping track of their own grades.  Grades for each assignment and exam will be posted in Canvas.  If you believe the grade posted is in error, please contact your instructor.

• It is the student’s responsibility to drop the class.  The instructor will not drop the class for you.  You are required to fill out the required paperwork necessary to drop the class before the last drop date – October 30th, 2020
• For the fastest response, email me through Canvas. You will find it on the left pane on the Canvas classroom page. Emails will be answered within 24 hours Monday through noon on Friday unless it is a holiday. After noon on Friday through Sunday, they may be answered on Monday.

 

 

 

 

Discussion posts and replies will count as your attendance. 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). 

 

Classes will be held for the entire period. 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. 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.  Absences may adversely affect your financial aid.

 

Last day to withdraw from a course with a “W” is October 30th, 2020

 

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.

 

Students can read more about the college's grade appeal processes and procedures for assigning incomplete grades by visiting the Academic Catalog:

https://www.nctc.edu/catalog/academic-policies/grades-reports/student-grade-appeal.html

https://www.nctc.edu/catalog/academic-policies/grades-reports/incomplete-grades.html

 

 

 

Students can learn more about the withdraw policy and procedure by visiting: 

http://www.nctc.edu/current-students/drop-withdraw-class.html

 

 

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

x        Component Area Option

 

 

x        Critical Thinking

o             Communication

o             Empirical and Quantitative

o             Teamwork

o             Personal Responsibility

o             Social Responsibility

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

o        Academic NCTC Core Curriculum Course

o        WECM Course

 

 

 

QUESTIONS, CONCERNS, or COMPLAINTS

Name of Chair/Coordinator:	Dr. Cherly Gary-Furdge
Office Location:	1500 N. Corinth Street, Corinth, TX. 76208
Telephone Number:	940-498-6238
E-mail Address:	cfurdge@nctc.edu
Name of Instructional Dean:	Debbie Huffman
Office Location:	1525 W. California Street, Gainesville, TX. 76240
Telephone Number:	940-668-3357