NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
COURSE AND INSTRUCTOR INFORMATION
Course title: Principles of Financial Accounting
Course prefix, number, and section number: ACCT 2301 Section 341
Semester/Year of course: Spring 2024
Semester start and end dates: 1/16/24 – 5/8/24
Modality (Face to face/Synchronous or Asynchronous online/Hybrid): Asynchronous
Class meeting location, days, and times: NA
Lab meeting location, days, and times: NA
Semester credit hours: 3
Course description:
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.
Course prerequisites:
Recommended prerequisite: MATH1314 and BCIS1305 or equivalent.
Recommended corequisite: MATH 1324 – Mathematics for Business & Social Sciences
Required course materials:
E-book: Introductory Financial Accounting for Business, 2e by Edmonds/Olds with Connect Plus and SmartBook.
Name of instructor: Hollie Henry
Office location: Off Campus
Telephone number: 972-947-9443 x 22116 (Fall and Spring)
E-mail address: hhenry@nctc.edu
Office Hours:
Mon. - Thur. 3:00 - 3:30 pm
Mon. and Wed. 8:00 - 8:30 am
Tues. and Thur. 7:00 - 8:00 pm
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 Homework Assignments, 20 points each
- 11 Learn Smart Activities, 5 points each
- 8 Course Learning Objectives Assessments, 20 points each
- 7 Discussion Forums, 10 points each
- 7 Discussion Forum Replies, 10 points each
- 4 Unit Exams, 100 points each
- 1 Aspire to be Hired End of Course Assignment, 100 points
- 1 Final Exam (comprehensive/mandatory), 100 points
Final grade scale:
- A - 90%+ Average on all assignments
- B - 80%+ Average on all assignments
- C - 70%+ Average on all assignments
- D - 60%+ Average on all assignments
- F - 59.99%- Average on all assignments
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.
SEE CANVAS FOR THE COMPLETE COURSE INFORMATION, OUTLINE, DETAILED DESCRIPTION OF GRADED WORK, AND OTHER RELATED MATERIAL.
COURSE POLICIES
Academic Integrity Policy:
Scholastic dishonesty shall include, but is not limited to cheating, plagiarism, academic falsification, intellectual property dishonesty, academic dishonesty facilitation and collusion. Faculty members may document and bring charges against a student who is engaged in or is suspected to be engaged in academic dishonesty. See Student Handbook, “Student Rights & Responsibilities: Student Conduct ([FLB(LOCAL)]”.
Consequences for academic dishonesty may include:
- First offense you will receive a warning and a zero on the assignment without the opportunity to make it up.
- Second offense you will be dropped from the course.
Attendance Policy:
Discussion Posts/Replies will count as your attendance. 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. 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. 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).
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. See the following website for more information: http://www.nctc.edu/current-students/drop-withdraw-class.html
Last day to withdraw from the course with a “W” is: April 1, 2024
Core Curriculum Foundational Component Area:
Core Objectives:
Course Type:
- Academic General Education Course (from ACGM but not in NCTC Core)
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.
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 Suite 170, Office 173
Telephone number: 940-498-6263
E-mail address: tlaman@nctc.edu
Name of Instructional Dean: Debbie Huffman
Office location: 1525 W. California Street, Gainesville, TX. 76240
Telephone number: 940-668-3357
E-mail address: dhuffman@nctc.edu