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: Spring 2023
Semester start and end dates: January 17 to May 13, 2023
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: Wednesdays & Thursdays 8pm – 10pm or by appointment
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
List of graded assignments:
10% - Course Discussions
11% - Learning Outcomes
13% - Aspire to be Hired (QEP)
20% - Homework
15% - Unit Exams
25% - Final Exam
Final grade scale:
A – 90% - 100%
B – 80% - 89%
C – 70% - 79%
D – 60% - 69%
F – 0% - 59%
Late work policy:
Discussion posts after the discussion is closed will not be allowed (comments are turned off once grading has started). Homework is accepted late. 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 April 3rd.
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
STUDENT HANDBOOK
Students are expected to follow all rules and regulations found in the Student Handbook.
ADA STATEMENT
NCTC will adhere to all applicable federal, state and local laws, regulations and guidelines with respect to providing reasonable accommodations to afford equal educational opportunity. It is the student’s responsibility to contact the Office for Students with Disabilities to arrange appropriate accommodations. See the OSD Syllabus Addendum.
STUDENT SERVICES
NCTC provides a multitude of services and resources to support students. See the Student Services Syllabus Addendum for a listing of those departments and links to their sites.
QUESTIONS, CONCERNS, or COMPLAINTS
The student should contact the instructor to deal with any questions, concerns, or complaints specific to the class. If the student and faculty are not able to resolve the issue, the student may contact the chair or coordinator of the division. If the student remains unsatisfied, the student may proceed to contact the instructional dean.
Name of Chair/Coordinator: Teresa Laman
Office location: Corinth Campus Suite #170 Office #173
Telephone number: 940-498-6263
E-mail address: tlaman@nctc.edu
Name of Instructional Dean: Debbie Hoffman
Office location: Gainesville Campus 2100 Building Office #2106
Telephone number: 940.668.3357
E-mail address: dhuffman@nctc.edu