AUSTIN COMMUNITY COLLEGE
ACCOUNTING DEPARTMENT
MASTER SYLLABUS
ACNT 1404
INTRODUCTION TO ACCOUNTING PART II
INSTRUCTOR NAME: XXXXXXX
COURSE NAME: Introduction to Accounting Part I
COURSE NUMBER: ACNT 1403
COURSE SYNONYM: XXXXXX
COURSE TIME: XXXXXX
COURSE LOCATION: XXXXX
CREDIT HOURS: 4, (Lecture Hours: 3; Lab Hours: 3)
OFFICE HOURS: XXXXX
OFFICE LOCATION: XXXX
PHONE / EMAIL /WEBSITE: XXXXX
ARRAGEMENT CONFERENCES / APPOINTMENTS: XXXX
CATALOG DESCRIPTION: ACNT 1404 INTRODUCTION TO ACCOUNTING II (4-3-3). A continuation of the first course with emphasis on merchandising transactions, notes payable and receivable, valuation of receivables and equipment, and valuation of inventories in a manual and computerized environment; continued mastery of accounting software (Peachtree). Prerequisites: ACNT 1403. (ACC 1534)
Course Rationale: The goals and objectives of this course prepare
students for (1) obtaining or improving job skills, (2) qualifying for a
business or accounting job, (3) achieving job advancement, (4) preparing for a
Principles of Financial Accounting or other accounting course (5) preparing for
a business certification exams (Certified Bookkeeper), (6) working as an
entrepreneur, (7) completing degree requirements and/or (8) fulfilling personal
goals.
STUDENT LEARNING OUTCOMES: See last page.
DISCIPLINE / PROGRAM OUTCOMES: See last page
Scans Competencies:
Competency must be shown in the following three areas:
1) Manages time
a) Uses class and lab time efficiently to accomplish required assignments
b) Focus efforts toward accomplishing class-related goals
c) Prioritizes activities based on deadlines and level of importance
d) Stays on target with class syllabus and planned lab activities
2) Uses computers to process information
a) Uses lab computers and text to acquire and organize financial information for the completion of lab assignments using QuickBooks software
b) Analyzes information necessary to complete and accounting cycle and prepare statements using an automated system
c) Communicates financial information through the processing and production of financial statements
3) Student exhibits responsibility
a) Meets established deadlines for homework and lab assignments
b) Attends class/lab on a regular basis
c) Takes exams on time
d) Seeks assistance from instructor and/or tutors when necessary
e) Prepares for classes
TEXTBOOKS: Accounting
Principles, 9th edition, Weygandt/Kieso/Kimmel, John Wiley & Sons Inc., ISBN:
978-0-470-31754-9 and Computer Accounting, with
Peachtree Complete Peachtree 2011, 15th edition, ISBN: 978-0-07-750503-5
INSTRUCTIONAL METHODOLOGY: The objectives of this course will be met by incorporating a variety of instructional methods. These may include lecture, class exams and quizzes, group activities and project, student presentations, class problem-solving, written analysis, spreadsheet, word processing and power point activities, the use of accounting software and online activities and research.
METHOD OF PRESENTATION: Three-hour lecture/discussion each week. Three lab hours each week.
COURSE REQUIREMENTS: See specific Instructor's First Day Class Handout.
OTHER: Basic computer skills utilizing word processing and spreadsheet are recommended for ACCT 1404.
Grade System:
|
Activity |
Number |
Pts Each |
Total |
Percent |
Points |
Grade |
||
|
Exams - Accounting Text |
4 |
100 |
400 |
62% |
582 |
to |
650 |
A |
|
Assignments - Text (34 drop
4) |
30 |
3 |
90 |
14% |
517 |
to |
581 |
B |
|
Quizzes (10 drop two) |
8 |
10 |
80 |
12% |
452 |
to |
516 |
C |
|
Peachtree Exercises |
7 |
5 |
35 |
5% |
390 |
to |
451 |
D |
|
Peachtree Exam |
1 |
45 |
45 |
7% |
Below |
|
390 |
F |
|
TOTAL |
|
|
650 |
100% |
||||
COURSE POLICIES
Attendance Policies: Austin
Community College does not have an established attendance policy. The Business
Studies Area has determined that absences in excess of 10 percent of the
scheduled class periods are the basis for an instructor to withdraw a student
from class. While I may withdraw a
student for excessive absences, I have no obligation to do so.
Withdrawal Policy: XXXXXth is the last day to withdraw from this class
and receive a grade of “W”. If you wish to withdraw, complete a withdrawal slip
and turn it into the admission’s office. Do not assume I will withdraw you.
Make-up exam policy – You must
contact me within one week after the missed exam to schedule an exam in the
testing center. If you have not taken the exam within one week from the
scheduled exam date 15 points will be deducted from your exam grade for each
class meeting date until the exam is taken. There is no curve available for the
make-up exams. Only one make-up exam may be taken during the semester. The
make-up exam may consist entirely of multiple-choice questions and cover any
topics included in the chapters – not just the topics listed on the exam review
sheet. If there is a conflict, you may take an exam early with no penalty.
Please discuss this with me as soon as you are aware of a conflict.
Due Dates: To receive credit all exams,
quizzes, homework, projects and or other assignments are due on or before the
dates as specified in the course outline/calendar located on the current
syllabus. No late exams, quizzes, homework, projects or other assignments will
be accepted. There is no make-up work and no extra credit work.
Incomplete Policy: 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 incomplete grade 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. Incomplete grades are
given only on rare occasions.
The purpose of this grade is for an emergency, or other serious considerations,
which occurs after the withdrawal date and prevents timely completion of the
course.
Scholastic Dishonesty: Acts prohibited by the college for which discipline may be administered include scholastic dishonesty, including but not limited to cheating n an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations, and homework.
Student Rights and Responsibilities: 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: The following statement on students with disabilities must also be
included: Each ACC campus offers support services for students with documented
physical or psychological disabilities. Students with disabilities must request
reasonable accommodations through the Office for Students with Disabilities on
the campus where they expect to take the majority of their classes. Students
are encouraged to do this three weeks before the start
of the semester.
ACC Email Policy:
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 http://www.austincc.edu/accmail/index.php.
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.
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: http://www.austincc.edu/s4/
Links to many student services and other information can be
found at: http://www.austincc.edu/current/
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: http://www.autincc.edu/tutor/students/tutoring.php
For
help setting up your ACCeID, ACC Gmail, or ACC
Blackboard, see a Learning Lab Technician at
any ACC Learning Lab.
Grade Change Policies: Click on this
link to view the policy. (See Student Handbook: www.austincc.edu/handbook/policies2.htm)
http://www.austincc.edu/withdraw/conseq_and_resources/onepage.htm
Student
and Instructional Services: http://www.austincc.edu/cataloghtml/services.php
Always
refer to the instructor’s current syllabus for course evaluation, contact
information, and course outline/calendar.
COURSE LEARNING OUTCOMES
Upon successful completion of this course, you should be able to:
LEARNING OBJECTIVES:
Chapter 11
1. Explain a current liability,
and identify the major types of current liabilities.
2. Describe the accounting for
notes payable.
3. Explain the accounting for
other current liabilities.
4. Explain the financial
statement presentation and analysis of current liabilities.
5. Describe the accounting and
disclosure requirements for contingent liabilities.
6. Compute and record the
payroll for a pay period.
7. Describe and record employer
payroll taxes.
8. Discuss the objectives of
internal control for payroll.
9. Identify additional fringe benefits associated with employee compensation.
Chapter 12
1. Identify the characteristics
of the partnership form of business organization.
2. Explain the accounting
entries for the formation of a partnership.
3. Identify the bases for
dividing net income or net loss.
4. Describe the form and content
of partnership financial statements.
5. * Explain the effects of the
entries to record the liquidation of a partnership (Optional).
Chapter 13
1. Identify the major
characteristics of a corporation.
2. Differentiate between paid-in
capital and retained earnings.
3. Record the issuance of common
stock.
4. Explain the accounting for
treasury stock.
5. Differentiate preferred stock
from common stock.
6. Prepare a stockholders’
equity section.
Chapter 14
1. Prepare the entries for cash
dividends and stock dividends.
2. Identify the items reported
in a retained earnings statement.
3. Prepare and analyze a
comprehensive stockholders’ equity section.
4. Describe the form and content
of corporation income statements.
5. Compute earnings per share.
Chapter 15
1. Explain why bonds are issued.
2. Prepare the entries for the
issuance of bonds and interest expense.
3. Describe the entries when
bonds are redeemed or converted.
4. Describe the accounting for
long-term notes payable.
5. Contrast the accounting for
operating and capital leases.
6. Identify the methods for the
presentation and analysis of long-term liabilities.
Chapter 16
1. Discuss why corporations
invest in debt and stock securities.
2. Explain the accounting for
debt investments.
3. Explain the accounting for
stock investments.
4. Describe the use of
consolidated financial statements.
5. Indicate how debt and stock
investments are reported in the financial statements.
6. Distinguish between
short-term and long-term investments.
Chapter 17
1. Indicate the usefulness of
the statement of cash flows.
2. Distinguish among operating,
investing, and financing activities.
3. Prepare a statement of cash
flows using the indirect method.
4. Analyze the statement of cash
flows.
Chapter 18
1. Discuss the need for
comparative analysis.
2. Identify the tools of
financial statement analysis.
3. Explain and apply horizontal
analysis.
4. Describe and apply vertical
analysis.
5. Identify and compute ratios
used in analyzing a firm’s liquidity, profitability, and solvency.
6. Understand the concept of
earning power, and how irregular items are presented.
7.
Understand the concept of quality of earnings.