NORTH CENTRAL TEXAS COLLEGE COURSE SYLLABUS

 

 

Course Title:	Introduction to Accounting I
Course Prefix & Number:			ACNT 1303	Section Number:	340	Term Code:	Fall 2017
Semester Credit Hours:			3	Lecture Hours:	48	Lab Hours:
Course Description (NCTC Catalog):
A study of analyzing, classifying, and recording business transactions in a manual and computerized environment.  Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations and payroll.
Course Prerequisite(s):		Recommended: BCIS1305 or equivalent
Required or Recommended Course Materials: College Accounting, 13/E by Slater. Prentice Hall. MyAccountingLab is required and is bundled with the textbook.

 

 

Name of Instructor:	Dee Amaradasa
Campus/Office Location:	Corinth Room 313 Monday: 12:30 – 3:30pm Wednesday: 12:30pm – 5:30pm Online: Tuesday: 8:00 – 9:00pm Thursday: 10:30 – 11:30am
Telephone Number:	940-498-6414
E-mail Address:	damaradasa@nctc.edu

 

 

Name of Chair/Coordinator:		Cherly Furdge
Office Location:		Corinth 234
Telephone Number:		(940) 498-6238
E-mail Address:	cfurdge@nctc.edu

 

 

STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog

At the successful completion of this course the student will be able to:

Complete an accounting cycle for a service business

Perform banking and cash control procedures

Calculate, record, and distribute payroll

Complete the accounting cycle for a merchandising business

 

 

 

COURSE REQUIREMENTS, EVALUATION METHODS AND GRADING CRITERIA

Graded Course Elements	Percentage Value
Discussions	10%
Homework	35%
Quizzes	20%
Exams	35%

 

 

INSTITUTIONAL LEARNING GOALS

A quality general education curriculum in all associate degree programs.

Quality freshman and sophomore level courses in arts and sciences which parallel the lower division offerings of four-year colleges and universities.

Quality technical programs leading directly to careers in semi-skilled and skilled occupations, and quality technical education programs up to two years in length leading to certificates and associate degrees.

Quality programs and services in support of adult literacy and basic skills development as a mean of workforce enhancement and expanding access to higher education.

 

 

PROGRAM PURPOSE STATEMENT

NCTC seeks to implement its goal of providing quality technical programs leading directly to careers in semi-skilled and skilled occupations, and quality technical education programs up to two years in length leading to certificates and associate degrees by offering a coherent sequence of courses with appropriate breadth and depth to prepare students for success in the workforce.

 

 

COURSE TYPE

o           Academic General Education Course (from ACGM but not in NCTC Core)

o         Academic NCTC Core Curriculum Course

x        WECM Course

 

 

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 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)

Last day to withdraw from a course with a “W” is November 9.

 

 

GENERAL DESCRIPTION OF SUBJECT MATTER FOR EACH LECTURE/DISCUSSION

Topic	General Description of Subject Matter
Accounting Concepts and Procedures	define accounting, types of business organizations, record transactions in the accounting equation, prepare financial statements
Debits and Credits	set up and organize a chart of accounts, record transactions in T accounts, prepare a trial balance, prepare financial statements from a trial balance
Beginning the Accounting Cycle	analyze and record transactions into a journal, transfer information from a journal to a ledger
The Accounting Cycle Continued	prepare adjustments, prepare the adjusted trial balance on the worksheet, prepare the income statement and balance sheet sections of the worksheet, prepare financial statements from the worksheet
The Accounting Cycle Completed	journalize and post adjusting entries, journalize and post-closing entries, prepare a post-closing trial balance
Banking Procedure and Control of Cash	apply checking account procedures, reconcile a bank statement, establish and use a petty cash fund, set up an auxiliary petty cash record, establish and replenish a change fund, handle transactions involving cash short and over
Calculating Pay and Payroll Taxes	calculate pay and payroll taxes, prepare a payroll register, maintain an employee earnings record, calculate employer taxes
Paying, Recording, and Reporting Payroll and Payroll Taxes	record payroll and payroll taxes, pay the payroll and record the payment, record and pay the employer taxes
Sales and Cash Receipts	record and post sales transactions to the general and accounts receivable subsidiary ledger, prepare a credit memorandum, record and post cash receipts transactions, record to the accounts receivable subsidiary ledger, prepare a schedule of accounts receivable
Purchases and Cash Payments	record and post purchase transactions, record to accounts payable subsidiary ledger, prepare a debit memorandum, record and post cash payment transactions, prepare a schedule of accounts payable, journalize transactions for a perpetual accounting system
Preparing a Worksheet for a Merchandise Company	figure adjustments including merchandise inventory and unearned rent, prepare a worksheet for a merchandise company
Completion of the Accounting Cycle for a Merchandise Company	Prepare financial statements for a merchandise company, record adjusting and closing entries, prepare a post-closing trial balance, complete reversing entries

 

 

OTHER INFORMATION

• Information for this course will be communicated via Canvas. That is the best way to contact me.  Please do not hesitate to ask questions, I am here to help you!

• Assignments will not be accepted late.

• No make-up exams will be given.

• Accounting is a subject that builds.  Students who do not understand Chapters 1 and 2 will be lost when the class moves to Chapters 3 and 4.  Students who do not understand a chapter should get help right away!
• Any information regarding this course is subject to change at my discretion.

 

 

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.

 

 

STUDENT HANDBOOK

Students are expected to follow all rules and regulations found in the student handbook and published online.

 

 

ACADEMIC DISHONESTY

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)]”.