NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
Course Title:
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Principles of Financial Accounting
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Course Prefix & Number:
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ACCT
2301
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Section
Number:
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600
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Semester/Year:
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Fall 2021
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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; understanding and use of the accounting process. Course will include computer applications.
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Course Prerequisite(s):
Recommended prerequisite: MATH1314 and BCIS1305 or equivalent.
Recommended co-requisite: MATH 1324 – Mathematics for Business & Social Sciences
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Required Course Materials:
E-book: Introductory Financial Accounting For Business, 2e by Edmonds/Olds with Connect Plus and SmartBook. McGraw Hill.
The lowest price option for you is to buy the e-text and access card from the NCTC bookstore. The NCTC bookstore also offers the loose leaf textbook, access card, Smartbook and e-text.
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. If you are renting the text, please make sure that the Connect access is included.
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
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INSTRUCTOR INFORMATION
Name of Instructor:
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Hollie Henry
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Campus/Office Location:
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NA
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Contact Information:
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Phone: (972) 947-9443 x 22116
Email: Through Canvas for fastest response, or at hhenry@nctc.edu
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OFFICE HOURS
Monday
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Tuesday
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Thursday
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3:00 – 3:30 pm
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3:00 – 3:30 pm
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3:00 – 3:30 pm
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STUDENT LEARNING OUTCOMES
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 the assumptions, principles, and constraints of the accounting environment.
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2
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Identify the difference between accrual and cash basis accounting.
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3
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Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
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4
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Prepare adjusting entries and close the general ledger.
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5
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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.
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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 and U.S. Generally Accepted Accounting Principles.
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GRADING CRITERIA
# of Graded
Course Elements
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Graded Course Elements
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Percentage or Point
Values
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10
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Homework Assignments - (20 points each, drop lowest)
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180
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10
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Learn Smart Activities - (20 points each, drop lowest)
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180
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8
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Course Learning Objectives Assessments - (10 points each)
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80
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7
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Discussion Forums - (10 points each)
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70
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7
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Discussion Forum Replies - (10 points each)
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70
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3
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Unit Exams - (100 points each, drop lowest)
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200
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1
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Final Exam - (comprehensive)
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100
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Total Points Possible
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880
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GRADING POLICY
Letter grades for this course will be assigned in accordance with NCTC standard grading policy.
A
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90% average on assignments
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B
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80% average on assignments
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C
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70% average on assignments
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D
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60% average on assignments
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F
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less than 60% average
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INSTRUCTIONS FOR ALL ASSIGNMENTS
LEARNING OBJECTIVES QUIZZES – You will be required an assessment for each of the 11 learning outcomes listed in the “STUDENT OUTCOMES” section above. These assignments will be given twice. The highest score will be taken. They can be found in Canvas under Modules. I do not accept late LO quizzes and I cannot drop the lowest grade. These are mandatory assignments that allow this course to be transferred to other schools and universities.
EXAMS – You will have a total of 4 exams and 1 final exam (cumulative). They are available in McGraw Hill Connect. Each exam is timed and worth 100 points. Questions will be based on the quizzes and homework. Accurately completing the assignments will be critical for your success on the tests. There are no make-up exams available or extensions on due dates. If you have an emergency or technical issue and have to miss a test, the lowest exam score will be dropped.
HOMEWORK AND QUIZZES – Homework questions and quizzes are worth 20 points each. They are both available in McGraw-Hill Connect. Homework may be attempted an unlimited number of times. I will take the highest score. There is a 35% penalty for late homework assignments. Quizzes may be attempted twice. I will drop the lowest homework and lowest quiz grade before submitting final grades. This will cover you in case of illness, emergencies or technology issues. I cannot drop any of the Learning Objective Quizzes (LOs).
DISCUSSIONS –Discussions consist of original posts and responses. They are designed to help you better understand the material by requiring analysis of the material studied. These will count as your attendance for the week. No late discussions will be accepted. For each chapter you will do one original post and one reply. You are required to post before you can reply to someone else. Original discussion posts should be at about 100 words (5 sentences) of well thought-out comments. The reply must contribute additional information. Simply agreeing or disagreeing with the posts without will not receive credit. Please use complete sentences and correct spelling and grammar. Original posts and replies are due per the syllabus. Check the syllabus carefully for dues dates so that you are not marked absent.
ATTENDANCE POLICY
Discussion Posts 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’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. Students 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).
In-person 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.
For online classes, the instructor will take attendance based on the timely participation in discussion forums. If a student misses a discussion post or reply, this will be counted as an absence. Missed discussion forums cannot be made up. Absences may adversely affect your financial aid.
Last day to withdraw from a course with a “W” is September 6th, 2021
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.
GRADE APPEALS AND INCOMPLETE GRADES
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.
WITHDRAWING FROM A COURSE
Students can learn more about the withdraw policy and procedure by visiting: http://www.nctc.edu/current-students/drop-withdraw-class.html
OTHER PERTINENT INFORMATION
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Please check Canvas and NCTC email daily for important announcements.
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Go to MODULES to start the course, and follow chronologically.
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Use the syllabus as a checklist of tasks to complete each week.
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Students are required to learn the material by reading the chapters and completing the assignments.
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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.
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The due date for any assignment in the syllabus is the last possible day to turn in that assignment in. I strongly recommend turning in assignments at least 1 day before each due date in case you experience technical or other issues. I will not extend due dates.
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Students are responsible for keeping track of their own grades. Grades for each assignment will be posted in Canvas. If you believe the grade posted is in error, please contact your instructor.
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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 – September 6th, 2021
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If you experience computer difficulties, you are responsible for resolving these problems by contacting Canvas Technical Support at (940) 668-4284. Make sure that your computer has the minimum hardware requirements that are specified. You must have the specified software to be successful in the class. Students must have a computer with internet access. Check with NCTC during registration to make sure your equipment is sufficient to participate in all of the aspects of this class. If you do not have the appropriate software, check with campus to see if the two computer labs open so you can complete your assignments. If not, you may also try the public library.
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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 after 2:30pm on Monday.
COVID-19 Specific Syllabi Statements Summer 2021
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 or other health related crisis, 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 June 2, 2021 and are subject to change as conditions 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 are not required to wear face coverings, such as masks or face shields. In May, Texas Governor Gregg Abbott released an Executive Order prohibiting Government entities from mandating the use of masks. As a political subdivision of the State of Texas, NCTC will follow the Governor’s Executive Order for Government entities and effective immediately NCTC is no longer mandating the use of masks while on campus. This order does not mean that you cannot choose to wear a mask, rather it is no longer allowed to be mandated. These policies and procedures were updated on May 19, 2021 and are subject to change.
Return to Standard Attendance Protocol for Face-to-Face Meetings: We recently faced an unprecedented situation in which all of us had to 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 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 the summer 2021 semester, 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
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
COURSE TYPE
⌧ Academic General Education Course (from ACGM but not in NCTC Core) □ Academic NCTC Core Curriculum Course
□ WECM Course
QUESTIONS, CONCERNS, or COMPLAINTS
Name of Chair/Coordinator:
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Dr. Cherly Gary-Furdge
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Office Location:
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1500 N. Corinth Street, Corinth, TX. 76208
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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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1525 W. California Street, Gainesville, TX. 76240
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Telephone Number:
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940-668-3357
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