Syllabus

ACCT 2301 0403 - PRINCIPLES OF FINANCIAL ACCOUNTING

Introduction

Course Title: Principles of Financial Accounting
Course Prefix & Number: ACCT 2301	Section Number(s): 0331 & 0403	Term Code: Fall 2021
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 Prerequisite(s): *Recommended prerequisite: MATH 1314 and BCIS 1305 or equivalent.*
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.
Course Type: x- Academic General Education Course (from Academic Course Guide Manual but not in NCTC Core) o - Academic NCTC Core Curriculum Course o - WECM Course

Name of Instructor:	Vanessa N Fields-Johnson
Campus/Office Location:	Virtual Office; By Phone & Email
Telephone Number:	469.464.9733
E-mail Address:	vfields@nctc.edu

COURSE REQUIREMENTS, EVALUATION METHODS AND GRADING CRITERIA

# of Graded Course Elements	Graded Course Elements	Points Values
13	Homework Assignments	208(16pts each)
4	Exams	224 (56pts each)
various	Learning Objectives Assignment (required)	110pts
1	Final Exam (Comprehensive, required)	220pts
13	Discussion Posts	338 (26pts each)
	Total Points Possible	1,100pts

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

COURSE SCHEDULE

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 6^th @ 8am to December 9^th @ 11:59pm. NO EXTENSIONS

Course Schedule

Chapter(s)

Activity/Assignment

Due Date

Module 1 August 23 – August 29 August 30 – September 5 September 6 – September 12	1: Introduction to Accounting 2: Accounting for Accruals 3: Accounting for Deferrals	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	Chapter 1 - August 29^th@ 11:59pm Chapter 2 - September 5^th @ 11:59pm Chapter 3 - September 12^th @ 11:59pm
Exam 1		Exam 1 Chapters 1,2,3	September 19^th @ 11:59pm
Module 2 September 13 – September 19 September 20 – September 26 September 27 – October 3	4: Accounting for Merchandising Businesses 5: Accounting for Inventories 6: Internal Control and Accounting for Cash	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	Chapter 4 - September 19^th @ 11:59pm Chapter 5 - September 26^th @ 11:59pm Chapter 6 - October 3^rd @ 11:59pm
Exam 2		Exam 2 – Chapters 4, 5, 6	October 10^th@ 11:59pm
Module 3 October 4 – October 10 October 11 – October 17	7: Accounting for Receivables 8: Accounting for Long-Term Operational Assets	Read Chapters 7, Chapter 8 Review video/PowerPoint(s) Chapter 7 Discussion Homework #7 Chapter 8 Discussion Homework #8	Chapter 7 - October 10^th @ 11:59pm Chapter 8 - October 17^th @ 11:59pm
Exam 3		Exam 3 – Chapters 7 & 8	October 24^th@ 11:59pm
Module 4 October 18 – October 24 October 25 – October 31 November 8 – November 14 November 15 – November 21	9: Accounting for Current Liabilities and Payroll 10: Accounting for Long-Term Debt 12: Statement of Cash Flows 13: Double-Entry Accounting	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	Chapter 9 - October 24^th @ 11:59pm Chapter 10 - October 31^st @ 11:59pm Chapter 12 - November 14^th @ 11:59pm Chapter 13 - November 21^st @ 11:59pm
Exam 4		Exam 4 – Chapters 9, 10, 12, 13	November 28^th @ 11:59pm
Module 5 November 22 – November 28	11: Proprietorships, Partnerships, and Corporations	Read Chapters 11 Review video/PowerPoint(s) Chapter 11 Discussion Homework #13	November 28^th @ 11:59pm
Learning Objectives November 29 – December 5		Learning Objectives	December 5^th @ 11:59pm
Final Exam December 6 – December 10	Complete Final Exam (comprehensive)		December 9^th @ 11:59pm

Syllabus File(s)

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