AUSTIN COMMUNITY COLLEGE

ACCOUNTING DEPARTMENT

MASTER COURSE SYLLABUS

ACNT 2371 

SMALL BUSINESS ACCOUNTING 

 

INSTRUCTOR NAME: XXXXXXX

COURSE NAME: Small Business Accounting

COURSE NUMBER: ACNT 2371

COURSE SYNONYM: XXXXXX

COURSE TIME: XXXXXX

COURSE LOCATION: XXXXX

CREDIT HOURS: 3, (Lecture Hours:2; Lab Hours: 2)

OFFICE HOURS: XXXXX

OFFICE LOCATION: XXXX

PHONE / EMAIL /WEBSITE: XXXXX

ARRAGEMENT CONFERENCES / APPOINTMENTS: XXXX

 

CATALOG DESCRIPTION: ACNT 2371 SMALL BUSINESS ACCOUNTING (3-2-2) Review of accounting procedures relevant to accounting for small business, with an emphasiss on computerized applications and hands-on familiarity. Areas to be addressed include: journals ordinarily used in small business; payroll and related reporting; reporting for taxes other than income taxes; reconciliation and analysis of the cash account; tax accounting practices relevant to financial accounting. Prerequisites: ACNT 1404 and ACNT 1311. (ACC 1923)

 

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 accounting or business certification exams (Certified Bookkeeper, etc), (5) working as an entrepreneur, (6) completing degree requirements and/or (7) 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: None - All simulations provided by instructor

 

COURSE REQUIREMENTS: See specific Instructor's First Day Class Handout.

 

OTHER: Basic computer skills utilizing word processing and spreadsheet are recommended for ACCT 1403.

 Grade System:

Activity

Due Date

Pts Each

Percent

Points

Grade

Quicken Project

XX

20

9%

198

to

220

A

Tropical Breeze Project

XX

50

23%

176

to

197

B

Golf Supply Project

XX

40

18%

154

175

C

CW Properties Project

XX

50

23%

132

153

D

World Tech Supply Project

XX

40

18%

Below

132

F

QuickBooks POS Quiz

XX

20

9%

 

       TOTAL

XXX

220

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.

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
http://www.austincc.edu/ehs. 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 http://www.austincc.edu/emergency/.

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 immediately dismissed from the day’s activity, may be withdrawn from the class, and/or barred from attending future activities.

 

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)

Rule of Three:  Per state law, effective spring 2006 any student taking a class for the third time or more may be charged an additional $60 per credit hour unless exempted. Click on this link for more information: 

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.

 

 

 

 

 

 

Learning Objectives

 

·         Upon successful completion of this QuickBooks training course students will be able to: 

·         Setup a new company in QuickBooks.

·         Work with QuickBook lists.

·         Work with bank accounts in QuickBooks.

·         Perform a  bank reconciliation.

·         Perform credit card account reconciliation

·         Record aales and manage customers

·         Enter expenses and pay bills.

·         Run financial reports.

·         Handle Inventory in QuickBooks.

·         Track and pay sales tax.

·         Prepare payroll in QuickBooks.

·         Prepare quarterly payroll tax reports

·         Prepare W-2’s and W-3

·         Save backup files

·         Record combination personal and business account transactions using Quicken

·         Record business transactions using Peachtree

·         Record high level real estate transactions

·         Record high level restaurant transactions

·         Record high-tech distribution company transactions

·         Record various inventory transactions and calculate profit and gross profit margins

 

Performance will be demonstrated by submitting accurate and timely financial reports, including an inacome statements, balance sheet, statement of cash flows, and trial balance reports. In addition customer and vendor lists and balances are to be submitted for reconciliation with ledger control accounts.

 

Payroll transaction performance will be demonstrated by submitting accurate and timely payroll tax reports including forms 941, 940, TWC quarterly report and forms W-2 and W-3.