ACNT 1371

Business Applications in Accounting

Master Syllabi



SYNONYM AND SECTION NUMBER: See section specific syllabus.

COURSE DATES AND TIMES:  See section specific syllabus.

COURSE LOCATION:  See section specific syllabus.

CREDITS:  3; Lecture Hours: 3

COURSE LEVEL: Intermediate (Junior Level)



OFFICE LOCATION: See section specific syllabus.

WORK PHONE: See section specific syllabus.

E-MAIL: See section specific syllabus.

BLACKBOARD COURSE WEBSITE: Can be accessed through homepage

INSTRUCTOR WEBSITE: See section specific syllabus.

OFFICE HOURS: See section specific syllabus.               


PREREQUISITES: Before enrolling in ACNT 1371, you must have completed ACCT 2301 (or its equivalent), within 2 years, with a “C” or better and completion or concurrent enrollment in ACCT 2302. Students who have not completed the prerequisite courses or who cannot document completion will be withdrawn from the class.  There are no exceptions.


 Basic computer skills utilizing internet, word processing, spreadsheet (Excel), and presentation (Power Point) software are recommended for all accounting courses. Generally, all assignments are to be prepared on the computer and presented in a format that would be acceptable in a business environment. Access to computers is available at the college. 

Austin Community College has received the designation of Qualifying Educational Credit for CPA Examination by the Texas State Board of Public Accountancy (Board).  This course qualifies as one of the 30 required upper-level accounting courses; however for this course to be counted, the student MUST have completed a bachelor's degree PRIOR to taking this course. If this course is completed before a bachelor's degree is awarded, the Texas State Board of Public Accountancy will not accept it.  Please review the information on our web site It is the responsibility of the student to understand and comply with the requirements of the Texas State Board of Public Accountancy.


If you have any questions, consult with an accounting advisor.

COURSE DESCRIPTION: This course is designed to provide an overview of the accounting information system and accounting cycle, financial statement preparation, and the time value of money applications. It also provides an introduction to research and writing for accountants.


This course is not intended to re-teach debits and credits or other fundamental concepts of financial accounting.  Students needing this level of instruction should retake ACCT 2301 before enrolling in this course. Topical coverage in ACNT 1371 is intended to solidify and enrich the student’s understanding of the accounting cycle, time value of money applications, principles of financial reporting and revenue recognition.  Additional areas include the theoretical accounting environment and related current issues.


METHOD OF PRESENTATIONThree-hour lecture/discussion. The objectives of this course will be met by incorporating a variety of instructional methods.  These may include lecture, exams and quizzes, group activities, student presentations, class problem-solving, written analysis, and online activities and research.


REQUIRED TEXTBOOK/MATERIALSSee section specific syllabus.


COURSE RATIONALE: The goals and objectives of this course prepare students for (1) completing degree requirements; (2) obtaining or improving job skills; (3) qualifying for a business or accounting job; (4) working as an entrepreneur; (5) fulfilling personal goals; and/or (6) understanding financial statements.


SCANS (SECRETARY’S COMMISSION ON ACHIEVING NECESSARY SKILLS): SCANS is the Secretary’s Commission on Achieving Necessary Skills. Please go to for complete definitions and explanation of SCANS.  This list summarizes the SCANS competencies addressed in this particular course.

1.    Reasoning: Discovers a rule or principle underlying the relationship between two or more objects and applies it in solving a problem. For example, uses logic to draw conclusions from available information, extracts rules or principles from a set of objects or written text; applies rules and principles to a new situation, or determines which conclusions are correct when given a set of facts and a set of conclusion.

2.    Problem Solving Skills: Recognizes that a problem exists (i.e. there is a discrepancy between what is and what should or could be); identifies possible reason for the discrepancy, devises and implements a plan of action to resolve it; evaluates and monitors progress; revises plan as indicated based on findings. 

3.      Responsibility: Exerts a high level of effort and perseverance towards goal attainment.  Works hard to become excellent at doing tasks by setting high standards, paying attention to details, working well and displaying a high level of concentration even when assigned an unpleasant task.  Displays high standards of attendance, punctuality, enthusiasm, vitality, and optimism in approaching and completing tasks.


GRADING POLICIES: Your grade will be based on the following:




 Exam 1



 Exam 2



 Exam 3






Practice Set










Please Note: Regardless of the total points accumulated, students will not be able to enroll in ACNT 2303 unless they have at least a 70% average for the 3 exams and a 70% or better on the Practice Set. This policy means that a student with less than a 70% average on the 3 exams and/or less than 70 points on the Practice Set will not be eligible for ACNT 2303.


        Basis for Grading:











Below 479



Grade Change Policies: Click on this link to view the policy. See Student Handbook:


Components of your Grade: See section specific syllabus.



Attendance/Class Participation: Regular and punctual class and laboratory attendance is expected of all students.  If attendance or compliance with other course policies is unsatisfactory, the instructor may withdraw students from the class.


Withdrawal: It is the responsibility of each student to ensure that his or her name is removed from the roll should he or she decide to withdraw from the class.  The instructor does, however, reserve the right to drop a student should he or she feel it is necessary.  If a student decides to withdraw, he or she should also verify that the withdrawal is submitted before the Final Withdrawal Date.  The student is also strongly encouraged to retain their copy of the withdrawal form for their records.


Students who enroll for the third or subsequent time in a course taken since Fall, 2002, may be charged a higher tuition rate, for that course.


State law permits students to withdraw from no more than six courses during their entire undergraduate career at Texas public colleges or universities.  With certain exceptions, all course withdrawals automatically count towards this limit.  Details regarding this policy can be found in the ACC college catalog.


Incompletes:  an instructor may award a grade of “I” (incomplete) if a student was unable to complete all of the objectives for the passing grade in a course. An “I” cannot be carried beyond the established date in the following semester. The completion date is determined by the instructor but may not be later than the final deadline for withdrawal in the subsequent semester. An “I” that is not resolved by the deadline will automatically be converted to an F.  Incomplete grades are given only on rare occasions and generally, only when a student has completed all examinations and assignments to date, with a satisfactory grade of C or better, and has personal circumstances that prevent course completion that occur after the deadline to withdraw.

Scholastic dishonesty: A student attending ACC assumes responsibility for conduct compatible with the mission of the college as an educational institution.  Students have the responsibility to submit coursework that is the result of their own thought, research, or self-expression.  Students must follow all instructions given by faculty or designated college representatives when taking examinations, placement assessments, tests, quizzes, and evaluations.  Actions constituting scholastic dishonesty include, but are not limited to, plagiarism, cheating, fabrication, collusion, and falsifying documents.    Penalties for scholastic dishonesty will depend upon the nature of the violation and may range from lowering a grade on one assignment to an “F” in the course and/or expulsion from the college.  See the Student Standards of Conduct and Disciplinary Process and other policies at


 Student Rights and Responsibilities (Academic freedom statement): Students at the college have the rights accorded by the U.S. Constitution to freedom of speech, peaceful assembly, petition, and association. These rights carry with them the responsibility to accord the same rights to others in the college community and not to interfere with or disrupt the educational process. Opportunity for students to examine and question pertinent data and assumptions of a given discipline, guided by the evidence of scholarly research, is appropriate in a learning environment. This concept is accompanied by an equally demanding concept of responsibility on the part of the student. As willing partners in learning, students must comply with college rules and procedures.


Students with disabilities statement: Each ACC campus offers support services for students with documented disabilities.  Students with disabilities who need classroom, academic or other accommodations must request them through the Office for Students with Disabilities (OSD).   Students are encouraged to request accommodations when they register for courses or at least three weeks before the start of the semester, otherwise the provision of accommodations may be delayed.  


Students who have received approval for accommodations from OSD for this course must provide the instructor with the ‘Notice of Approved Accommodations’ from OSD before accommodations will be provided.   Arrangements for academic accommodations can only be made after the instructor receives the ‘Notice of Approved Accommodations’ from the student.


Students with approved accommodations are encouraged to submit the ‘Notice of Approved Accommodations’ to the instructor at the beginning of the semester because a reasonable amount of time may be needed to prepare and arrange for the accommodations.   


Additional information about the Office for Students with Disabilities is available at


Safety Statement: Austin Community College is committed to providing a safe and healthy environment for study and work. You are expected to learn and comply with ACC environmental, health and safety procedures and agree to follow ACC safety policies. Additional information on these can be found at Because some health and safety circumstances are beyond our control, we ask that you become familiar with the Emergency Procedures poster and Campus Safety Plan map in each classroom. Additional information about emergency procedures and how to sign up for ACC Emergency Alerts to be notified in the event of a serious emergency can be found at


Please note, you are expected to conduct yourself professionally with respect and courtesy to all. Anyone who thoughtlessly or intentionally jeopardizes the health or safety of another individual will be dismissed from the day’s activity, may be withdrawn from the class, and/or barred from attending future activities.


You are expected to conduct yourself professionally with respect and courtesy to all. Anyone who thoughtlessly or intentionally jeopardizes the health or safety of another individual will be immediately dismissed from the day’s activity, may be withdrawn from the class, and/or barred from attending future activities.


Use of ACC email: All College e-mail communication to students will be sent solely to the student’s ACCmail account, with the expectation that such communications will be read in a timely fashion. ACC will send important information and will notify you of any college related emergencies using this account.  Students should only expect to receive email communication from their instructor using this account.  Likewise, students should use their ACCmail account when communicating with instructors and staff.  Instructions for activating an ACCmail account can be found at Also see section specific syllabus for instructor policy.

Testing Center Policy: Under certain circumstances, an instructor may have students take an examination in a testing center.  Students using the Academic Testing Center must govern themselves according to the Student Guide for Use of ACC Testing Centers and should read the entire guide before going to take the exam.  To request an exam, one must have:


Do NOT bring cell phones to the Testing Center.  Having your cell phone in the testing room, regardless of whether it is on or off, will revoke your testing privileges for the remainder of the semester.  ACC Testing Center policies can be found at


Student and Instructional Services: ACC strives to provide exemplary support to its students and offers a broad variety of opportunities and services.  Information on these services and support systems is available at:


Links to many student services and other information can be found at:


ACC Learning Labs provide free tutoring services to all ACC students currently enrolled in the course to be tutored.  The tutor schedule for each Learning Lab may be found at:


For help setting up your ACCeID, ACC Gmail, or ACC Blackboard, see a Learning Lab Technician at any ACC Learning Lab.


 LEARNING OBJECTIVES: Upon completion of this course, the student should be able to

·         Demonstrate proficiency in all aspects of the accounting cycle within the framework of the accounting information system

·         Analyze and apply principles of financial reporting, analysis and full disclosure

·         Apply time-value of money concepts 

·         Evaluate and apply revenue recognition concepts and methods

·         Identify issues related to earnings management 

·         Access and use the FASB Accounting Standards Codification site for basic research purposes

·         Identify the key elements of IFRS and its impact on US accounting standards and financial reporting.


Note: This is a demanding, upper level college course, requiring significant study time outside of class.

COURSE CALENDAR:  See section specific syllabus