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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): 0331 & 0403
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Term Code: Fall 2021
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Semester Credit Hours: 3
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Lecture Hours: 48
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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 2nd Edition By Thomas Edmonds and Christopher Edmonds and Mark Edmonds and Jennifer Edmonds and Philip Olds. ISBN10: 1260814440 ISBN13: 9781260814446
Copyright: 2021, published by McGraw-Hill. Connect access is required.
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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-Johnson
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Campus/Office Location:
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Virtual Office; By Phone & Email
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Telephone Number:
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469.464.9733
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E-mail Address:
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vfields@nctc.edu
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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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208(16pts each)
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4
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Exams
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224 (56pts each)
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various
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Learning Objectives Assignment (required)
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110pts
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1
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Final Exam (Comprehensive, required)
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220pts
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13
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Discussion Posts
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338 (26pts each)
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Total Points Possible
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1,100pts
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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
It is important that you log in at least 3-4 days per week to be successful in this class. Logging in only once a week may result in you missing important information, announcements, and changes.
All modules will be published at 8am on Mondays and closed at 11:59pm on Sundays except for the final exam. The final exam will be available from December 6th @ 8am to December 9th @ 11:59pm. NO EXTENSIONS
Course Schedule
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Chapter(s)
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Activity/Assignment
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Due Date
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Module 1
August 23 – August 29
August 30 – September 5
September 6 – September 12
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1: Introduction to Accounting
2: Accounting for Accruals
3: Accounting for Deferrals
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- Complete Class Agreement (Mandatory)
- Introduce Yourself Discussion Post (Mandatory)
- Read Chapter 1, Chapter 2, Chapter 3
- Review videos/PowerPoint(s)
- Chapter 1 Discussion
- Homework #1
- Chapter 2 Discussion
- Homework #2
- Chapter 3 Discussion Post
- Homework #3
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Chapter 1 - August 29th @ 11:59pm
Chapter 2 - September 5th @ 11:59pm
Chapter 3 - September 12th @ 11:59pm
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Exam 1
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September 19th @ 11:59pm
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Module 2
September 13 – September 19
September 20 – September 26
September 27 – October 3
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4: Accounting for Merchandising Businesses
5: Accounting for Inventories
6: Internal Control and Accounting for Cash
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- Read Chapter 4, Chapter 5, Chapter 6
- Review videos/PowerPoint(s)
- Chapter4 Discussion
- Homework #4
- Chapter 5 Discussion
- Homework #5
- Chapter 6 Discussion
- Homework #6
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Chapter 4 - September 19th @ 11:59pm
Chapter 5 - September 26th @ 11:59pm
Chapter 6 - October 3rd @ 11:59pm
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Exam 2
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- Exam 2 – Chapters 4, 5, 6
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October 10th @ 11:59pm
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Module 3
October 4 – October 10
October 11 – October 17
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7: Accounting for Receivables
8: Accounting for Long-Term Operational Assets
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- Read Chapters 7, Chapter 8
- Review video/PowerPoint(s)
- Chapter 7 Discussion
- Homework #7
- Chapter 8 Discussion
- Homework #8
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Chapter 7 - October 10th @ 11:59pm
Chapter 8 - October 17th @ 11:59pm
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Exam 3
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October 24th @ 11:59pm
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Module 4
October 18 – October 24
October 25 – October 31
November 8 – November 14
November 15 – November 21
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9: Accounting for Current Liabilities and Payroll
10: Accounting for Long-Term Debt
12: Statement of Cash Flows
13: Double-Entry Accounting
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- Read Chapters 9, Chapter 10, Chapter 12, Chapter 13
- Review video/PowerPoint(s)
- Chapter 9 Discussion
- Homework #9
- Chapter 10 Discussion
- Homework #10
- Chapter 12 Discussion
- Homework #11
- Chapter 13 Discussion
- Homework # 12
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Chapter 9 - October 24th @ 11:59pm
Chapter 10 - October 31st @ 11:59pm
Chapter 12 - November 14th @ 11:59pm
Chapter 13 - November 21st @ 11:59pm
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Exam 4
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- Exam 4 – Chapters 9, 10, 12, 13
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November 28th @ 11:59pm
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Module 5
November 22 – November 28
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11: Proprietorships, Partnerships, and Corporations
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- Read Chapters 11
- Review video/PowerPoint(s)
- Chapter 11 Discussion
- Homework #13
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November 28th @ 11:59pm
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Learning Objectives November 29 – December 5
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December 5th @ 11:59pm
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Final Exam
December 6 – December 10
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Complete Final Exam (comprehensive)
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December 9th @ 11:59pm
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