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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Introduction to Accounting - CBE
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Course Prefix & Number:
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ACNT 1303
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Section Number:
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360
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Term Code:
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Fall 2017
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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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Course Description (NCTC Catalog):
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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.
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Course Prerequisite(s):
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Recommended: BCIS1305 or equivalent
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Required or Recommended Course Materials:
College Accounting, 13/E by Slater. Prentice Hall.
MyAccountingLab is required and is bundled with the textbook.
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Name of Instructor:
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Mandy Dulock
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Campus/Office Location:
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Online Tuesdays 10am -12pm or by appointment
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Telephone Number:
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E-mail Address:
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mdulock@nctc.edu
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Name of Chair/Coordinator:
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Cherly Furdge
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Office Location:
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Corinth 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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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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Define accounting terminology
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Analyze and record business transactions in a manual and computerized environment
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Complete the accounting cycle
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Prepare financial statements
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Apply accounting concepts related to cash and payroll
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Prepare bank reconciliations
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Correct accounting errors
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COURSE REQUIREMENTS, EVALUATION METHODS AND GRADING CRITERIA
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Graded Course Elements
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Percentage Value
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Discussions
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10%
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Homework
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35%
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Quizzes
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20%
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Exams
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35%
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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 September 28.
GENERAL DESCRIPTION OF SUBJECT MATTER FOR EACH LECTURE/DISCUSSION
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Topic
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General Description of Subject Matter
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Accounting Concepts and Procedures
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define accounting, types of business organizations, record transactions in the accounting equation, prepare financial statements
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Debits and Credits
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set up and organize a chart of accounts, record transactions in T accounts, prepare a trial balance, prepare financial statements from a trial balance
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Beginning the Accounting Cycle
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analyze and record transactions into a journal, transfer information from a journal to a ledger
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The Accounting Cycle Continued
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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
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The Accounting Cycle Completed
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journalize and post adjusting entries, journalize and post-closing entries, prepare a post-closing trial balance
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Banking Procedure and Control of Cash
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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
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Calculating Pay and Payroll Taxes
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calculate pay and payroll taxes, prepare a payroll register, maintain an employee earnings record, calculate employer taxes
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Paying, Recording, and Reporting Payroll and Payroll Taxes
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record payroll and payroll taxes, pay the payroll and record the payment, record and pay the employer taxes
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Sales and Cash Receipts
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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
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Purchases and Cash Payments
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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
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Preparing a Worksheet for a Merchandise Company
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figure adjustments including merchandise inventory and unearned rent, prepare a worksheet for a merchandise company
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Completion of the Accounting Cycle for a Merchandise Company
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Prepare financial statements for a merchandise company, record adjusting and closing entries, prepare a post-closing trial balance, complete reversing entries
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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)]”.