NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
COURSE AND INSTRUCTOR INFORMATION
Course title: PRINCIPLES OF FINANCIAL ACCOUNTING
Course prefix, number, and section number: ACCT 2301 0311
Semester/Year of course: Fall 2024
Semester start and end dates: August 26, 2024 – December 13, 2024
Modality (Face to face/Synchronous or Asynchronous online/Hybrid):
Class meeting location, days, and times: Online
Lab meeting location, days, and times: None
Semester credit hours: 3 Hrs.
Course Description: This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders’ equity to communicate the business entity’s results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners’ equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS)
Course prerequisites: None
Required course materials: included with tuition, book Introductory Financial Accounting for Business 2nd edition Edmonds/Olds
Name of instructor: Walter F. Brooks
Office location: Greenville, TX
Telephone number: 469-222-2382
Email address: wbrooks@nctc.edu
Office hours for students: Tuesday 6pm - 8pm Saturday 9am – 11am
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:
LearnSmart – 10%
QEP – 10%
Homework – 30%
Learning Outcome – 10%
4 Exams – 40%
Totals 100%
A = 90% - 100%
B = 80% -89%
C = 70% - 79%
D = 60% - 69%
F = 0 – 59%
Late work policy: Your grade will be based on the graded elements listed above. Makeup assignments will be determined on individual cases and must be requested in a timely manner. With prior approval, you will be allowed 1 week to complete the assignment.
SEE CANVAS FOR THE COMPLETE COURSE CALENDAR, OUTLINE, DETAILED DESCRIPTION OF
GRADED WORK, AND OTHER RELATED MATERIAL.
COURSE POLICIES
Academic Integrity Policy:
1. Scholastic dishonesty shall include, but is not limited to cheating, plagiarism,
falsification, intellectual property dishonesty, academic dishonesty facilitation and
collusion. Consequences for academic dishonesty may include:
2. The student will receive a failing grade of "O" on the assignment. If the assignment is
within a group in which the lowest assignment is dropped, the assignment will not be
able to count as a dropped score. It will count as part of the grade.
3. A "Scholastic Dishonesty Report Form" will be submitted regarding the incident.
4. Student may be dropped from the course with a failing grade (letter grade of “F”)
Attendance Policy:
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 for a documented and
approved illness or family emergency. If a student is absent more than 4 classes, they will be
dropped. Class attendance will be taken on Mondays from Discussion Forum participation and
weekly sign on.
AI Statement
Absent a clear statement from a course instructor, use of or consultation with generative Artificial Intelligence (AI) or other similar technologies shall be treated analogously to assistance from another person, agency, or entity. In particular, using generative AI tools to substantially complete an assignment or exam is not permitted. Students should acknowledge the use of generative AI (other than incidental use) and default to disclosing such assistance when in doubt.
When students use generative AI to replace the rigorous demands of personal engagement with their coursework, it runs counter to the educational mission of the college and undermines the heart of education itself. Artificial Intelligence, large language models, and other such technologies hold promise for deploying knowledge in service to others and accelerating the discovery of new knowledge. However, such technology poses new challenges to pedagogy and to integrity. Within the context of the teaching mission of the college and consistent with the Student Code of Conduct, the authority to define the appropriate use, study, and deployment of these technologies rests with the faculty.
Individual course instructors, in coordination with their divisions, set policies regulating the use of generative AI tools in their courses, including allowing or disallowing some or all uses of such tools. Course instructors will set such policies in their course syllabi and clearly communicate such policies to students. Students who are unsure of policies regarding generative AI tools are encouraged to ask their instructors for clarification.
Prohibited
This course assumes that all work submitted by students will be generated by the students themselves, working individually or in groups. Students should not have another person/entity do the writing of any substantive portion of an assignment for them, which includes hiring a person or a company to write assignments and using artificial intelligence tools
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 September 11, 2024.
Last day to withdraw from the course without a “W” is November 4, 2024.
Student Learning Outcomes:
At the successful completion of this course, you will be able to:
- 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: Dr. Teresa Laman
Office location: Suite:170 Office:172
Telephone number: 940-498-6263
E-mail address: tlaman@nctc.edu
Name of Instructional Dean: Debbie Huffman
Office location: Gainesville CTC 2106
Telephone number: 940-668-3357
E-mail address: dhuffman@nctc.edu