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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Principles of Financial Accounting
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Course Prefix & Number:
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ACCT 2301
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Section Number:
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401
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Semester/Year:
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FA 19
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Semester Credit Hours:
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3
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Lecture Hours:
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48
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Lab Hours:
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0
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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 will include computer applications.
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Course Prerequisite(s): Recommended prerequisite: MATH1314 and BCIS1305 or equivalent.
Recommended co-requisite: MATH 1324 – Mathematics for Business & Social Sciences
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Required Course Materials:
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E-book: Introductory Financial Accounting For Business, 1e by Edmonds/Olds with Connect Plus and SmartBook. McGraw Hill.
The lowest price option for you is to buy the e-text and access card from the NCTC bookstore. The NCTC bookstore also offers the loose- leaf textbook, access card, Smartbook and e-text. If you are renting the text, please make sure that the Connect access is included.
Pencil/pen, paper, Index cards and calculator (no programmable, graphing calculators or cell phone calculators).
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Dee Amaradasa
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Campus/Office Location:
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Corinth Campus, Room 313
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Telephone Number:
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940-498-6414
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E-mail Address:
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damaradasa@nctc.edu NOTE – Your instructor will not respond to e-mail sent from your personal or work e-mail addresses. Please use Canvas mail or NCTC Lion Mail to communicate with your instructor.
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OFFICE HOURS
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Monday
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Tuesday
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Wednesday
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Thursday
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Friday
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Saturday
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Sunday
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8:45 – 9:15am &
12:30 – 2:00pm
Corinth Rm 313
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8:45 – 9:15am &
12:30 – 2:00pm
Corinth Rm 313
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Note: Although these are my scheduled office hours, due to meetings and other obligations I have at the college, please call me or send me an email to ensure I am in the office during the times listed above.
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STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog
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At the successful completion of this course the student will be able to:
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1.
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Use of basic accounting terminology and the assumption, principles, and constraints of the accounting environment.
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2.
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Identify the differences between accrual and cash basis accounting.
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3.
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Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
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4.
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Prepare adjusting entries and close the general ledger
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5.
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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.
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6.
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Analyze and interpret financial statements using financial analysis techniques.
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7.
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Describe the conceptual differences between international Financial Reporting Standards and U.S. generally accepted accounting principles.
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GRADING CRITERIA
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# of Graded Course Elements
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Graded Course Elements
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Percentage or Point Values
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Various
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In Class Assignments - Group and Individual
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150 points – 12.5%
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Various
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Ready Assignments
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180 points – 15%
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Various
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Homework
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240 points – 20%
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Various
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Course Learning Outcomes Assessments
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120 points – 10%
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3
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3 Unit Exams
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360 points – 30%
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1
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Final Exam (Comprehensive)
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150 points – 12.5%
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Total Points Possible
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1200 points - 100%
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Letter grades for this course will be assigned in accordance with NCTC standard grading policy.
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A
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90% - 100%
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D
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60% - 69%
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B
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80% - 89%
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F
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0 – 59%
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C
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70% - 79%
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COURSE SUBJECT OUTLINE (Major Assignments, Due Dates, and Grading Criteria)
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Week
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Tentative Assignments
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Tentative Due Dates
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1
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Extra Credit Introduce Yourself
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9/1/2019
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2
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Wednesday Ready Assignment
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9/4/2019 10:30am
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3
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 1 Homework
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9/9/2019 10:30am
9/11/2019 10:30am
9/15/2019 11:59pm
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4
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 2 Homework
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9/16/2019 10:30am
9/18/2019 10:30am
9/22/2019 11:59pm
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5
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 3 Homework
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9/23/2019 10:30am
9/25/2019 10:30am
9/29/2019 11:59pm
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6
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Monday Ready Assignment
Wednesday Ready Assignment
Exam 1
Learning Outcome Assessment
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9/30/2019 10:30am
10/2/2019 10:30am
10/6/2019 11:59pm
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7
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 4 Homework
Chapter 5 Homework
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10/7/2019 10:30am
10/9/2019 10:30am
10/13/2019 11:59pm
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8
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 7 Homework
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10/14/2019 10:30am
10/16/2019 10:30am
10/20/2019 11:59pm
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9
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Monday Ready Assignment
Wednesday Ready Assignment
Exam 2
Learning Outcome Assessment
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10/21/2019 10:30am
10/23/2019 10:30am
10/27/2019 11:59pm
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10
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 8 Homework
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10/28/2019 10:30am
10/30/2019 10:30am
11/3/2019 11:59pm
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11
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 9 Homework
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11/4/2019 10:30am
11/6/2019 10:30am
11/10/2019 11:59pm
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12
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Monday Ready Assignment
Wednesday Ready Assignment
Exam 3
Learning Outcome Assessment
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11/11/2019 10:30am
11/13/2019 10:30am
11/17/2019 11:59pm
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13
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 12 Homework
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11/18/2019 10:30am
11/20/2019 10:30am
11/24/2019 11:59pm
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14
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Monday Ready Assignment
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11/25/2019 10:30am
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15
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Monday Ready Assignment
Wednesday Ready Assignment
Chapter 13 Homework
Learning Outcome Assessment
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12/2/2019 10:30am
12/4/2019 10:30am
12/8/2019 11:59pm
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16
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Final Exam– In Class
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To Be Announced
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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 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. 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. Student 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)
Students are expected to attend class 100% of the time and to be on time for class. The ability to communicate is an important business skill. Students who are absent from class miss the opportunity to practice this skill. This includes both listening and speaking.
Your instructor will take attendance daily. If a student arrives after attendance is recorded, it is the student’s responsibility to make sure that the instructor records their attendance. 10 extra credit points will be awarded to students with 100% attendance during the semester. 2 absences are allowed for 100% attendance bonus points. These 2 absences are to take into account any illnesses, car trouble, vacations etc. that a student may have. If a student misses more than half an hour of any class period, this will be counted as an absence for attendance bonus purposes.
If a student is absent, they will receive a 0 for any in class assignments. Missed in class assignments cannot be made up. If a student is absent for more than 5 classes, you may have to turn in all assignments individually and will not be a part of a team.
Some extra credit assignments will be assigned in class and students will miss the opportunity to obtain these points if they are absent from class. Any questions about missed assignments due to absences need to be obtained from team members and other students who were present in class.
Absences may adversely affect your financial aid.
Last day to withdraw from a course with a “W” is _ November 1st 2019______________.
DISABILITY SERVICES (Office for Students with Disabilities)
The Office for Students with Disabilities (OSD) provides support services for students with disabilities, students enrolled in technical areas of study, and students who are classified as special populations (i.e. single parents).
Support services for students with disabilities might include appropriate and reasonable accommodations, or they may be in the form of personal counseling, academic counseling, career counseling, etc. Furthermore, OSD Counselors work with students to encourage self-advocacy and promote empowerment. The Counselors also provides resource information, disability-related information, and adaptive technology for students who qualify.
If you feel you have needs for services that the institution provides, please reach out to either Wayne Smith (940) 498-6207 or Yvonne Sandman (940) 668-4321. Alternative students may stop by Room 170 in Corinth or Room 110 in Gainesville.
o Academic General Education Course (from ACGM but not in NCTC Core)
o Academic NCTC Core Curriculum Course
o WECM Course
Students are expected to follow all rules and regulations found in the student handbook and published online.
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)]”.
Please refer to the student handbook on consequences for academic dishonesty.
QUESTIONS, CONCERNS, or COMPLAINTS
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Name of Chair/Coordinator:
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Dr. Cherly Furdge
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Office Location:
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Corinth Campus, Suite 239 Office 234
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Telephone Number:
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940-498-6238
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E-mail Address:
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cfurdge@nctc.edu
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Name of Instructional Dean:
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Debbie Huffman
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Office Location:
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Gainesville
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Telephone Number:
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940-668-3357
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E-mail Address:
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dhuffman@nctc.edu
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