ACNT 1303 340 - INTRODUCTION TO ACCOUNTING I

Introduction

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Syllabus

NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS

 

 

 

Course Title:

Introduction to Accounting

Course Prefix & Number:

ACNT 1303

Section Number:

340

Term Code:

Fall 2018

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):

None required

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:

Mandy Dulock

Campus/Office Location:

Online Tuesdays 7pm -9pm or by appointment

Telephone Number:

 

E-mail Address:

mdulock@nctc.edu

 

 

Name of Chair/Coordinator:

Dr. Cherly Furdge

Office Location:

Corinth 234

Telephone Number:

(940) 498-6238

E-mail Address:

cfurdge@nctc.edu
     

 

 

Student Learning Outcomes

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

Define accounting terminology

Analyze and record business transactions in a manual and computerized environment

Complete the accounting cycle

Prepare financial statements

Apply accounting concepts related to cash and payroll

Prepare bank reconciliations

Correct accounting errors

Attendance Policy

This is an online class. Your attendance is documented by the completion of assignments. It is important that you log in regularly and stay on task for this course.  I suggest a minimum of three times a week.

Online accounting courses are challenging.  They are designed for self-motivated individuals who can work independently.  Expect to spend at least 6 hours a week working in this course.

 

This course begins August 27, 2018 and ends December 14, 2018

The last day to drop with a W is November 8, 2018.

 

If you feel you cannot complete the course, it is your responsibility to drop.  If you do not complete the work successfully and fail to drop this course, you will receive an F.

 

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)

 

Non-attendance may impact your financial aid.

 

 

Grading Criteria

# of Graded Course Elements

Graded Course Elements

Percentage or Point Values

Various

Course Discussions

10%

8

Module Exercises

20%

8

Module Quizzes

20%

Various

Learning Outcome Assessments

10%

4

Course Exams

40%

 

 

Homework/Exercises

  • Selected exercises at the end of each chapter are assigned as homework in My Accounting Lab.  Links are in Canvas Modules to access these assignments.
  • The lowest Exercise assignment grade will be dropped.
  • Each My Accounting Lab Homework assignment may be attempted 5 times and is not timed. Be sure to save your attempts so that you get credit for the questions already completed. The last saved attempt will be the one that is counted as your grade.
  • Any My Accounting Lab Homework assignments may be turned in late. There is a 50% penalty for late homework assignments. Password to complete late homework: late
  • The deadline for all late homework with penalty is Wednesday, December 5th, 2018.
  • Additional questions are available in My Accounting Lab study guide for students to learn the material prior to attempting the graded homework. Study guide problems have unlimited attempts to help students score better on the graded assignments.

 

Quizzes

  • Quizzes may be attempted 1 time and have a 45-minute time limit.
  • The lowest Quiz assignment grade will be dropped.
  • Quizzes cannot be turned in late.

 

Learning Outcomes Assessments

  • Learning Outcomes Assessments will be assigned in Canvas Modules.
  • Learning Outcome Assessments cannot be turned in late.

 

Discussion Forums

  • Discussion forums are assigned in Canvas.
  • The initial post should be a well thought out response to the posted question. I will grade this on content, grammar, spelling and timely posting. There is no word requirement but you must answer the posted question.
  • The reply to another post must not be just an agree/disagree with the person. It can be an agree/disagree with an explanation on why you agree/disagree. This is the only way that you will get full credit.
  • The original post accounts for about 70% of the discussion forum grade. The reply to a post is about 30% of your discussion forum grade.
  • Discussion forums cannot be turned in late.

 

Exams

  • The course consists of 3 Unit Exams and 1 Final Exam.
  • Exam 1 covers modules 1 and 2, exam 2 covers modules 3 and 4, and exam 3 covers modules 5 and 6.  The final exam covers modules 7 and 8.
  • You will have one attempt on each exam and a two-hour time limit.
  • There will be no make-up exams given.

 

Course Outline

Topic

General Description of Subject Matter

Due Date

Accounting Concepts

and Procedures

define accounting, types of business organizations, record transactions in the accounting equation, prepare financial statements

Module 1 - Sept 12

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

Module 2 - Sept 19

 

Unit 1 Exam

Sept 24 - 26

Beginning the Accounting Cycle

analyze and record transactions into a journal, transfer information from a journal to a ledger

Module 3 - Oct 3

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

Module 4 - Oct 10

 

Unit 2 Exam

Oct 15 - 17

The Accounting Cycle Completed

journalize and post adjusting entries, journalize and post-closing entries, prepare a post-closing trial balance

Module 5 - Oct 24

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

Module 6 - Oct 31

 

Unit 3 Exam

Nov 12 - 14

Calculating Pay and Payroll Taxes

calculate pay and payroll taxes, prepare a payroll register, maintain an employee earnings record, calculate employer taxes

Module 7 - Nov 21

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

Module 8 - Nov 28

 

Unit 4 Final Exam

Dec 10 - 12

 

 

Important Information

  • All course work is available via the Internet through NCTC’s Canvas Learning Management System.
  • Information for this course will be communicated via Canvas. 
  • 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.
  • Emails will be answered within 24 hours Monday through noon on Friday unless it is a holiday.  After noon on Friday through Sunday, email may be answered on Monday.
  • Assignment deadlines are available on Canvas Syllabus, Canvas Calendar, and on the assignment in Modules.
  • Students are responsible for keeping track of their own grades. Grades for each assignment and exam will be posted in Canvas. If you believe the grade posted is in error, please contact your instructor.
  • Accounting is a subject that builds.  Students who do not understand Chapters 1, 2, and 3 will have difficulty when the class moves to the rest of the chapters.  Students who do not understand a chapter should discuss the situation with the instructor immediately after the chapter is covered.
  • The instructor reserves the right to change course assignments, grading policies, and assignment schedules at any time.

 

 

COURSE TYPE

    • Academic General Education Course (from ACGM but not in NCTC Core)
    • Academic NCTC Core Curriculum Course
  • WECM Course

 

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)]”.

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