NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
COURSE AND INSTRUCTOR INFORMATION
Course title: PRINCIPLES OF FINANCIAL ACCOUNTING
Course prefix, number, and section number: ACCT 2301 0840
Semester/Year of course: Fall 2025
Semester start and end dates: August 25-Dec 15
Modality (Face to face/Synchronous or Asynchronous online/Hybrid):
Class meeting location, days, and times: Face to face
Lab meeting location, days, and times: NA
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 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.
Course prerequisites: NA
Required course materials: Horngren’s-Financial and Managerial Accounting-The Financial Chapters-Miller-Nobles, Mattison Eighth Edition
Name of instructor: Rashid Rahman
Office location: Corinth, TX
Telephone number: 940-498-6282
Email address: rrahman@nctc.edu
Office hours for students: Wednesday 6pm - 7pm Friday 6pm-7pm
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: Late work will only be accepted if student notify me before assignment is due.
COURSE SUBJECT OUTLINE (Major Assignments, Due Dates, and Grading Criteria)
WK 1 Accounting and Business Environment- Due Date Aug 31
WK 2 Recording Business Transactions- Due Date Sep 7
WK 3 The Adjusting Process- Due Date Sep 14
WK 4 Completing the Accounting Cycle- Due Sep 21
WK 5 Exam 1 Chapter 1-4 -Due Date Sep 28
WK 6 Merchandising Operations - Due Date Oct 5
WK 7 Merchandising Inventory - Due Date Oct 12
WK 8 Internal Control and Cash- Due Date Oct 19
WK 9 Receivables - Due Date Oct 26
WK10 Exam 2 Chapter 5-8 -Due Date Nov 2
WK 11 Plant Assets, Natural Resources, Intangibles - Due Date Nov 09
WK 12 Current Liabilities and Payroll– Due Date Nov 16
WK 13 Long-Term Liabilities & Stockholders’ Equity – Due Date Nov 23
WK 14 Exam 3 Chapter 9-12 - Due Date Nov 30
WK 15 The Statement of Cash Flows and Financial Statement Analysis – Due Date Dec 7
WK 16 Exam 4 Chapter 13-15 – Due Date Dec 15
COURSE POLICIES
ATTENDANCE POLICY
Regular and punctual attendance is expected of all students in all classes for which they have registered. All absences are unauthorized unless the student is absent due to illness or emergencies as determined by the instructor. It is the student 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 and prior approval from 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 3 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) ONLINE Section Attendance: There are 16 sessions in this semester. Students must attend at least 75% of all sessions to successfully complete this course. Attendance will be taken from discussion forum participation and assignment completion for each class session. Students who miss more than 2 classes will have a 5% penalty assessed to their final grade.
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 (Links to an external site.) and https://www.nctc.edu/catalog/academic-policies/grades-reports/incomplete-grades.html (Links to an external site.). Withdrawing from a Course: Students can learn more about the withdraw policy and procedure by http://www.nctc.edu/current-students/drop-withdraw-class.html (Links to an external site.).
Last day to withdraw from a course without a “W” is September 9, 2025.
The last day to withdraw with a “W” is November 3, 2025.
COLLEGE POLICIES
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.
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
STUDENT HANDBOOK
Students are expected to follow all rules and regulations found in the Student Handbook.
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: Suit: 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