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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Introduction to Accounting I
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Course Prefix & Number:
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ACNT 1303
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Section Number:
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850
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Semester/Year:
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Fall 2018
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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): 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): Recommended prerequisite: Recommended: BCIS 1305 or equivalent
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Required or Recommended Course Materials:
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Textbook: College Accounting, Chapters 1-12, A Practical Approach, 14/E by Slater, Deschamps.
MyAccountingLab is required and bundled with the textbook.
All ACNT Course materials/books need to be purchased from the NCTC Bookstore in Corinth.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Hollie Henry
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Campus/Office Location:
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NA
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Telephone Number:
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Office: 972-947-9443 x 22116
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E-mail Address:
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hhenry@nctc.edu
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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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7:00-7:15 AM
3:00-3:30 PM
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7:00-7:15 AM
3:00-3:30 PM
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7:00-7:15 AM
3:00-3:30 PM
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7:00-7:15 AM
3:00-3:30 PM
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7:00-7:15 AM
3:00-3:30 PM
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All emails will be answered within 24 hours. Please use Canvas or NCTC email only. I will not respond to personal email accounts.
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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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Define accounting terminology.
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2
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Analyze and record business transactions in a manual and computerized environment.
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3
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Complete the accounting cycle.
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4
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Prepare financial statements.
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5
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Apply accounting concepts related to cash and payroll.
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GRADING CRITERIA
Assignments will be graded within 7 days
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# of Graded Course Elements
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Graded Course Elements
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Percentage or Points Values
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8
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Course Learning Objectives (8 points each)
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64
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12
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Homework Problems (10 points each)
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120
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12
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Quizzes (10 points each)
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120
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4
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Unit Exams (100 points each, drop lowest)
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300
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TOTAL POINTS AVAILABLE
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604
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GRADING POLICY
Letter grades for this course will be assigned in accordance with the NCTC standard grading policy.
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A
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90%-100%
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B
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80%-89%
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C
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70%-79%
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D
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60%-69%
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F
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Less than 60%
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INSTRUCTIONS FOR ALL ASSIGNMENTS
LEARNING OUTCOMES ASSIGNMENTS – You will be required to complete assessments for the student learning outcomes listed above. These assignments may be given more than one time each. If so, the highest score will be taken.
EXAMS – You will have a total of 4 exams. Each exam is worth 100 points. Questions will be based on the review, in-class questions and homework questions. Accurately completing questions will be critical for your success on the tests. There are no make-up tests available since the lowest exam score will be dropped before final grades are submitted. The final exam is not cumulative. It covers the last three chapters we cover in class. My Accounting Lab also contains Power Point presentations and videos if you require additional help.
QUIZZES – You will have a total of 12 quizzes. Each quiz is worth 10 points. They will be based on in-class questions and homework questions. Accurately completing questions will be critical for your success on the tests. Any quiz taken after the due date will be subject to a 35% penalty. See Course Subject Outline below for more information.
HOMEWORK –You will be assigned specific questions at the end of each chapter in My Accounting Lab. These assignments are worth 5 points each and are due by 11:59 pm on the due date. There is a 35% penalty for late homework. You will be required to watch the videos (if applicable) assigned for each chapter as homework before working on the problems in class the following day. They are found in My accounting lab. See Course Subject Outline below for more information.
GENERAL DESCRIPTION OF SUBJECT MATTER COVERED IN THIS CLASS
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Topic
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General Description of Subject Matter
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Introduction to Accounting
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describe accounting, GAAP, types of business ownership and activities, and career opportunities in accounting;
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Analyzing Transactions
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construct the accounting equation, analyze business transactions, prepare financial statements, and define the phases of the accounting process;
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Double-Entry Framework
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define and use T-accounts, define and use debits and credits, and prepare a trial balance
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Journalizing and Posting
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describe the flow of data, the chart of accounts, source documents; journalize and post transactions;
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Adjusting and Work Sheet
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prepare end-of-period adjustments and a worksheet; find errors; journalize and post adjusting entries; compute depreciation
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Statements and Closing
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prepare financial statements; journalize and post-closing entries; prepare a post-closing trial balance; list the steps in the accounting cycle
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Accounting for Cash
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describe how to open and use a checking account; prepare a bank reconciliation; establish and use a petty cash fund; establish and use a change fund and use the cash short and over account
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Payroll: Employee
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distinguish between employees and independent contractors; calculate employee earnings and deductions; prepare payroll records; account for employee earnings and deductions; describe various payroll record-keeping methods
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Payroll: Employer
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calculate and account for employer payroll taxes; describe employer reporting and payment responsibilities; describe and account for workers’ compensation insurance
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Sales and Receipts
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Describe and prepare merchandise sales transactions; describe and use the accounts receivable ledger; prepare a schedule of accounts receivable
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Purchases and Payments
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Describe and prepare merchandise purchases transactions; compute gross profit; describe and use the accounts payable ledger; prepare a schedule of accounts payable
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Merchandise Inventory
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Explain the impact of merchandise inventory on financial statements; describe the two principal inventory systems; compute the cost of ending inventory and cost of goods sold
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Adjusting for Merchandise
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prepare adjustments for inventory and unearned revenue; prepare a worksheet for merchandising business;
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Closing for Merchandise
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prepare financial statements for a merchandising business; compute ratios; prepare closing entries and reversing entries
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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 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)
If a student misses 20 minutes or more of a class period, an absence will be recorded. If a student is absent for more than 10% of the school days in the semester, credit will not be granted for the course. Absences may adversely affect your financial aid.
Last day to withdraw from a course with a “W” is November 8th, 2018.
OTHER PERTINENT INFORMATION
- During the semester, please send all e-mails and submit all assignments via Canvas.
- Students will receive important information from NCTC at their NCTC email address. Please check NCTC emails frequently.
- Emails will be answered within 24 hours Monday through noon on Friday unless it is a holiday. After noon on Friday through Sunday, they may be answered after 4:00 pm on Monday.
- The course schedule is available on Canvas. Students are responsible for keeping track of their own grades. Grades for each assignment and exam will be posted in Canvas, and the average grade updated to focus/gradebook weekly. If you believe the grade posted is in error, please contact your instructor.
- Students will be expected to learn the material by reading the chapter, watching assigned videos, and completing all homework and in-class questions. This class focuses on solving accounting problems. I expect every student to be actively engaged in solving these problems, and to come to class prepared to work through them by having read the chapter and watched videos assigned ahead.
- Student must bring laptop/textbook to class daily.
- Accounting is a subject that builds. Students, who do not understand a chapter, should discuss their situation with the instructor immediately after the chapter is covered.
- No make-up exams will be given since the lowest score will be dropped. See more details above on graded assignments.
- The instructor reserves the right to change course assignments, grading policies, and assignment schedules at any time.
- It is the student’s responsibility to drop the class. The instructor will not drop the class for you. The student is required the fill out the required paperwork necessary to drop the class before the last drop date (see drop date above).
- This class is run exactly like other college courses I teach at NCTC. I will not be contacting parents about grades, behavior and other general issues. These will be addressed with the student directly. This is a great opportunity for the student to take responsibility for their own learning and experience what it means to be a college student. It is up to the student to share the information with the parents.
- FERPA - The Family Educational Rights and Privacy Act (FERPA) is a Federal law that protects the privacy of student education records. Dual Credit students fall under this FERPA law. College instructors are required to follow FERPA regulations. Release of dual credit student educational information, even to the parent, violates federal law.
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.
CORE CURRICULUM FOUNDATIONAL COMPONENT AREA (For classes in the Core)
Communication
Mathematics
Life and Physical Science
Language, Philosophy & Culture
Creative Arts
American History
Government/Political Science
Social and Behavioral Sciences
REQUIRED CORE OBJECTIVES (For classes in the Core)
Communication
Empirical and Quantitative
Teamwork
Personal Responsibility
Social Responsibility
- Academic General Education Course (from ACGM but not in NCTC Core)
Academic NCTC Core Curriculum Course
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 Gary-Furdge
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Office Location:
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1500 N. Corinth Street, Corinth, TX. 76208, Ste. 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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1525 W. California Street, Gainesville, TX. 76240
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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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