NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS—ADVANCED BOOKKEEPING

COURSE AND INSTRUCTOR INFORMATION

Course title: Advanced Bookkeeping

Course prefix, number, and section number: ACNT 2372.0300

Semester/Year of course: Fall-2, 2023

Semester start and end dates: Oct. 23-Dec. 16

Modality: (Face to face/Synchronous or Asynchronous online/Hybrid): Asynchronous online

Class meeting location, days, and times: virtual  

Lab meeting location, days, and times: there is no lab in this class        

Semester credit hours: 3

Course description: The course will focus on recording and valuation of Inventory, Receivables, Payables and Plant and Equipment. Students will record adjusting entries and closing entries for preparation of financial statements. Recording transactions in special journals and subsidiary ledgers also will be addressed.

Required course materials: The text is Principles of Accounting Volume 1: Financial Accounting, published free of charge by OpenStax (openstax.org). The course also is taught using reference materials such as PDF files and videos developed and presented by the instructor, independent research by the student, and selected YouTube videos.

Name of instructor: Richard W. Walker

Office location: Corinth, 313-C1

Telephone number: (214) 507-4610

E-mail address: rwalker@nctc.edu

Office hours for students: 8:30-9:30 a.m. & 1-2 p.m., MW at Corinth campus, TR at Flower Mound campus; Friday and weekends—text/call to (214) 507-4610 or via Canvas mail.

SYLLABUS CHANGE DISCLAIMER

The faculty member reserves the right to make changes to this published syllabus if it is in the best interest of the educational development of this class. Any such changes will be announced as soon as possible in person and/or writing.

SUMMARY OF COURSE ASSIGNMENTS

List of graded assignments: There are five major assignments.

• Project 1 (25 pts.): Tax Slashers, PLLC—Parts 1-3 [LO 1]

• 1. Set up Chart of Accounts, Journal and General Ledger formats, including subsidiary ledgers.
  2. Record all transactions in the Journal (JEs), post transaction amounts to General Ledger and Subsidiary Ledgers (see sample formats in spreadsheet attached), and set up a Trial Balance for preparing Financial Statements.
  3. Adjust (AJEs) accounts based on accruals and deferrals, set up an Adjusted Trial Balance, and prepare all financial statements.

• Project 2 (25 pts): Credit card transactions. [LO 2]
  1. Subsidiary journals—cash receipts, cash disbursements, and purchases.
  2. Subsidiary ledgers—Accounts Receivable and Accounts Payable.
  3. Credit and debit card payments.
  4. The benefits and “true costs” of extending credit through credit card transactions.

• Project 3 (25 pts): Bank Reconciliations. [LO 3]
  1. Bank documents and services as a control for cash.
  2. Successive-month reconciliations.

• Discussion Board assignments (10 pts.):
  1. Internal controls.
  2. Ethics.

• Research Paper (15 pts.)—advancing technology.

Final grade scale:  Standard A-F scale.

Late work policy: Late work is not accepted.

SEE CANVAS FOR THE COMPLETE COURSE CALENDAR, OUTLINE, DETAILED DESCRIPTION OF GRADED WORK, AND OTHER RELATED MATERIAL.

COURSE POLICIES

Academic Integrity Policy: the instructor has a zero tolerance for academic dishonesty.

Attendance Policy: attendance is recorded per NCTC policy and through completion of assignments.

Withdrawal Policy: A student may withdraw from a course on or after the official date of record. It is the student’s responsibility to initiate and complete a Withdrawal Request Form.

Last day to withdraw from the course with a “W” is: Nov. 27.

Student Learning Outcomes: Through successful completion of this course, students will:

1. Demonstrate an understanding of accounts payable, accounts receivable, and payroll processing.
2. Prepare a bank reconciliation for consecutive months.
3. Prepare credit card reconciliations.

Core Objectives: the course will focus on recording and valuation of Inventory, Receivables, Payables and Plant and Equipment. Students will prepare adjusting entries, financial statements, and closing entries. Recording transactions in special journals and subsidiary ledgers also will be addressed.

COLLEGE POLICIES