NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS

 

 

COURSE AND INSTRUCTOR INFORMATION

 

 

Course title: Principles of Financial Accounting

Course prefix, number, and section number:  ACCT 2301.0340

Semester/Year of course: Fall 2022

Semester start and end dates: August 22 – December 10, 2022

Modality (Face to face/Synchronous or Asynchronous online/Hybrid): Asynchronous online

Semester credit hours: 3

Course description: 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 prerequisites: Recommended prerequisite: MATH 1314 and BCIS 1305 or equivalent.

Required course 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.

 

Name of instructor: Vanessa Fields-Johnson

Office location: Virtual

E-mail address: vfields-johnson@nctc.edu

Office hours for students: Tuesdays & Thursdays 9pm – 10pm

 

SYLLABUS CHANGE DISCLAIMER

 

The faculty member reserves the right to make changes to this published syllabus if it is in the best interest of the educational development of this class. Any such changes will be announced as soon as possible in person and/or writing.

 

 

 

 

 

 

 

 

SUMMARY OF COURSE ASSIGNMENTS

 

# Of Graded Elements                       Graded Course Elements                  Percentage           Points Values

13                                         Homework Assignments                  13%                       120(10pts each)

4                                           Exams                                                 20%                       240 (60pts each)

8                                           Learning Objectives (required)         18%                       220pts

3                                           QEP Assignments (required)            14%                       164pts

1                                           Final Exam (required)                        25%                       300pts

12                                         Discussion/Participation                  10%                       120 (10pts each)

                                                            Total Points Possible                         100%                    1,200pts               

 

Final grade scale: 

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

               A  90%-100%       1,080pts – 1,200pts                          D  60%-69%         720pts – 839pts

               B   80%-89%         960pts – 1,079pts                             F   0-59%              0pts – 719pts

               C   70%-79%         840pts – 959pts

 

Late work policy:

Late discussion posts are subject to a point reduction of up to 6 points.  Please see grading rubric for additional details. No make-up exams will be given except at the discretion of the instructor with whom special arrangements must be made prior to the exam.   

 

SEE CANVAS FOR THE COMPLETE COURSE CALENDAR, OUTLINE, DETAILED DESCRIPTION OF GRADED WORK, AND OTHER RELATED MATERIAL.

 

 

COURSE POLICIES

 

Academic Integrity Policy: Scholastic dishonesty shall include, but not be limited to cheating on a test, plagiarism, and collusion.  See Student Handbook “Student Rights & Responsibilities:  Student Conduct [FLB (LOCAL)]” #20 on page 175.

 

Attendance Policy: As an online course there is no “Attendance” in the traditional sense of an offline course. Attendance is therefore not part of a student’s grade directly. However, attendance is necessary to satisfy financial aid requirements and for other purposes. Therefore, student attendance will be measured by participation in weekly discussion forums and submission of weekly assignments. Those students not participating on a regular basis will be deemed to not be “attending.”

 

Withdrawal Policy: A student may withdraw from a course on or after the official date of record. It is the student’s responsibility to initiate and complete a Withdrawal Request Form.

Last day to withdraw from the course with a “W” is October 31^st.

 

Student Learning Outcomes:

• Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.
• Identify the difference between accrual and cash basis accounting.
• Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
• Prepare adjusting entries and close the general ledger.
• 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.
• Analyze and interpret financial statements using financial analysis techniques.
• Describe the conceptual differences between International Financial Reporting Standards and U.S. generally accepted accounting principles.

 

COLLEGE POLICIES