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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
PLEASE READ THE STATEMENT FROM NCTC ADMINISTRATION ABOUT COVID-19 APPENDED AT THE END OF THIS 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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0401/0403/0601
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Semester/Year:
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FL2020
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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.
Instructor’s Note: Most mathematical operations required for this class are no more complex than addition, subtraction, multiplication, and division.
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Required or Recommended Course Materials:
TEXT: Financial Accounting: Information for Decisions, 10e: Wild.
Be sure you purchase the correct text. It is available through the NCTC Bookstore and they will be able to guide you in your purchase. It also is available from other vendors online in e-text, loose-leaf, and bound formats. However, when you purchase the text you also must have access to the content in the text and access to McGraw-Hill CONNECT. All course assignments and supplementary materials are delivered through CONNECT.
Technology Requirements: Students must have access to the Internet and have the digital hardware and software required to access the course and complete assignments via Canvas and McGraw-Hill CONNECT. If and as required, students may need to use productivity software such as Microsoft Office or Google docs (free).
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Richard W. Walker
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Class Meeting Times
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Sections 0401 & 0403—There will be two classes each week; one will be a pre-recorded Chapter Lecture and a “live” online Problem-Solving/Q&A class that will be held online via Webex as assigned. The Lecture will be posted in the module for that unit—e.g., the Chapter 1 overview lecture will be in the module for Unit I. You will receive an invitation from me via Webex. The invitation will specify the date and time. Join the meeting via that link, NOT through Cisco Webex in Course Navigation.
Section 0601—class meetings will be held at the Denton Exchange Campus beginning at 10 a.m. each Tuesday and Thursday—Room DNX209.
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Campus/Office Location:
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I am an adjunct instructor and do not have an office.
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Telephone Number:
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214-507-4610—TEXT PREFERRED
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E-mail Address:
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rwalker@nctc.edu
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Instructor’s Note: the preferred way to contact me is by text at 214-507-4610. Tell me who you are and in which section you’re enrolled, then ask your question. You may also call me. If I cannot answer right away, I should be able to return your call that day unless I’m traveling. Please keep texts and voicemails brief. If a longer message is needed, and especially you need to include a screenshot and a narrative about the problem you’ve encountered, you may also email me. If you do, text me so I will know to look for it.
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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0401 & 0403—text, call, or email as noted above.
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0610—my office hours are 9-10 a.m., TR and as noted above.
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I have a full-time job but work from home. Therefore, my schedule is flexible, so I should be able to accommodate your requests for office hours and to answer any questions you may have. To repeat, text is best but feel free to call. For longer messages, please email but then text me to alert me that you’ve sent the email.
ACCT2301—PRINCIPLES OF FINANCIAL ACCOUNTING:
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 the similarities and differences between GAAP and International Financial Reporting Standards (IFRS).
Accounting is the grammar of commerce. The financial nomenclature and general business taxonomy you learn in this class is vital to your success in any business endeavor—especially finance, marketing, management—in addition to accounting.
STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog).
ALL ASSIGNMENTS WILL BE BASED ON STUDENT LEARNING OUTCOMES.
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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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GRADING CRITERIA
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# of Graded Course Elements
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Graded Course Elements (based on Student Learning Outcomes)
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Percentage or Point Values
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12
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Chapter Homework (HW)
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40%
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4
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Exams—four unit exams
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60%
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Grading Criteria
(in accordance with NCTC’s standard policy)
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A
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90-100
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B
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80-89
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C
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70-79
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D
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60-69
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F
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<60
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Regular and punctual attendance is expected of all students in all classes for which they have registered. Consult your Syllabus and Course Calendar for all due dates and other responsibilities.
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’s 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 provide 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.
Instructor’s Note: I have zero tolerance for academic dishonesty. PERIOD.
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.
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—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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COVID-19 Specific NCTC Administration Statement—Fall 2020
Syllabi statement regarding potential Conversion of Onsite Classes to Online/Remote Format: North Central Texas College students should be aware that in the event of a college closure due to COVID-19, onsite classes will be converted to an online/remote format. Students should plan ahead to ensure they have access to the computer equipment (either PC, MAC, or tablet), webcam, and internet connectivity to continue their classes in an online/remote format. Please read all your official North Central Texas College student emails as the transition from onsite to online/remote might require a reorganization in your personal situation. Students will be granted a 72-hour transition and grace period. Online classes will continue as scheduled without disruption. Wear a mask, stay safe, and contact your Instructor as the situation arises. These policies and procedures were updated on July 30, 2020 and are subject to change.
Syllabi Statement Regarding Face Coverings: Per the North Central Texas College guidance on face coverings on campus, in the instructional setting, faculty and students must wear face coverings, such as masks or face shields. Students without coverings, or those who do not comply with the rules relating to face coverings, will not be able to participate in on-campus classroom activities. To request an exception to this requirement, students should contact the NCTC HR Office of Enrollment Management (ccove@nctc.edu). Failure to comply with the face coverings requirement may result in the Instructor directing the student to leave the classroom. Any student asked to leave the classroom may be referred to the student conduct officer. These policies and procedures were updated on July 30, 2020 and are subject to change.
Temporary COVID-19 Attendance Policy for Face-to-Face Meetings: We are facing an unprecedented situation in which all of us must be flexible and make prudent decisions in the best interest of our families, our campus, and our community. In light of this, North Central Texas College is temporarily establishing the requirement that faculty keep records of student attendance for face-to-face course meetings as well as a documented seating chart. In addition, students who are sick or need to quarantine should not attend classes. Students will not be required to provide formal documentation from a health care provider and will not be penalized for COVID-19 related absences when proper notification to campus health officials is made in accordance with the guidelines stated below.
Faculty will:
- Notify students about important course information and delivery changes through Canvas and campus email.
Students should:
- Provide notification to campus officials (via NCTC Daily Health Check protocol through Canvas) if they have tested positive for COVID-19 or have to quarantine so we can confirm reported absence with instructors, monitor, and assist the campus community.
- Notify instructors in advance of the absence.
- Connect with that class through Webex if the class session is being transmitted in a hybrid fashion.
- Keep up with and/or make up missed classwork or assignments.
- Submit assignments digitally through Canvas or other means as announced by your instructor.
- Work with their instructors to reschedule exams, labs, and other critical academic activities described in the course syllabus.
- Check Canvas and campus email daily to receive important announcements pertaining to the course.
During this period, faculty with face-to-face meetings will establish assigned seating/work stations to facilitate roll-taking, and, if necessary, contact tracing. Additionally, we ask all members of the College community to be attentive to their health, and safeguard others, by following the CDC’s guideline to “stay home when you are sick.” You should stay home if you have symptoms. More information on what to do if you are sick is available at the CDC’s website.
Additional NCTC information is available at http://www.nctc.edu/coronavirus/index.html.