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Course Name: Principles of Financial Accounting
Rubric Number: ACCT 2301
Synonym Number: 03606 – Spring 2010
Instructor
Name: Sheila Ammons
Phone Number(s): 512-223-9216
Email Address: sammons@austincc.edu
Instructor Office Location: SAC -- Room 1313.4
Office Hours: SAC – to be determined
Course Mission
Statement: to provide a
foundation in the core concepts and procedures underlying the accounting
record-keeping function, including preparation and basic analysis of financial
statements
Core Competency:
Demonstrate proficiency by
·
Preparing a multiple-step income statement,
classified balance sheet, and statement of retained earnings.
·
Analyzing and recording the effects of common
business transactions
·
Preparing adjusting entries
·
Describing the role of closing entries
·
Applying elements of the conceptual framework
to accounting issues
·
Explaining the components of the statement of
cash flows
·
Understanding the relationship between
financial statement components
An assessment
will be part of the final course exam.
Course
Rationale: The goals and
objectives of this course are to 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 and the basic
accounting process.
Course
Description: ACCT 2301
PRINCIPLES OF FINANCIAL ACCOUNTING (3-3-1). An introduction to financial
accounting concepts and the communication of financial information to external
users. Examines the accounting process, transaction analysis, asset and equity
accounting, financial statement preparation and analysis, and related topics.
Before enrolling in ACCT 2301, it is advisable to 1) have taken the equivalent
of ACNT 1403 or BUSI 1301; or 2) have recently taken high school bookkeeping;
or 3) have acquired relevant work experience. Although not required, the
equivalent of MATH 1324 provides a good foundation for ACCT 2301. Basic
computer skills utilizing word processing, spreadsheet, and presentation
software are recommended for all accounting courses. If you have any questions,
consult with an accounting advisor.
Departmental
Objectives:
http://www.austincc.edu/sammons/2301/wildtextobjectives.doc
Scans
Competencies:
Exhibit Responsibility: Exerts a high level of effort and perseverance
toward 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;
and displays high standards of attendance, punctuality, enthusiasm, vitality
and optimism in approaching and completing tasks.
Acquire
Information: Identifies need for data, obtains them from existing
sources or creates them, and evaluates their relevance and accuracy. Competently
performing the tasks for acquiring data and evaluating information includes
posing analytical questions to determine specific information needs, selecting
possible information and evaluating its appropriateness, and determining when
new information must be created.
Communicate
Information: Selects and
analyzes information and communicates the result to others using oral, written,
graphic, pictorial, or multi-media methods. Competently performing the tasks of
communicating and interpreting information to others includes determining
information to be communicated, identifying the best methods to present
information (i.e. overheads, handouts, etc.), and if necessary, converting to
desired format and conveying information to others through a variety of means
including oral presentation, written communication etc.
Text
and Materials:
0078191912 Financial
Accounting Fundamentals (2009) TX McGraw Hill Wild -- This is a new text and the required Homework
Manager access key. You can purchase
this shrink-wrapped package at the ACC Bookstore, Bevos, or the ACC Coop.
If you want to buy a used text, it will be necessary to also purchase the Homework Manager access key.
Both products – The text and the Homework Manager access key are required or this course. You can buy the shrink-wrapped package or you can buy a used book and the Homework Manager access key separately.
It is very important that you have both products by the first day of the semester – 1/19/10
Instructional
Methodologies Include the Following:
Projects, Practice , Exercises
This online course utilizes exercises, homework, tools from the publisher's web
site , internet activities, exams, etc.
Course Calendar
and Deadlines: The due
dates represent the mandatory due dates.
These due dates cannot be extended.
Be sure to complete the grading component on or before the due
date. For exams, complete the exam
before the ACC testing center closes (allow time to take the exam --
approximately 2 hours -- and for any potential waits (the testing centers can get
busy so you may have to wait – get there early and do not wait until the very
last day). For homework, labs, annual report project –
complete the assignment no later than 9 PM on the due date. Be sure to give yourself time to complete
all course requirements – do not wait until the last minute.
Withdrawal
Policy:
The last day to withdraw from this course is 4/26/10. If you do not take
Exams 1 or 2 and complete the required homework for Exams 1 or 2 by the
deadline, you will be withdrawn from the course. There are no exceptions to
this policy. There are no extensions to the mandatory due dates.
Incomplete
Policy:
Incomplete grades are rarely given and only if you have taken the first two
exams, have completed 80% of homework, lab and financial statement analysis work
and have a current grade of C or better. You must have experienced a serious
illness or other life event after the deadline for Exam 2 in order to receive
an incomplete.
Other Class
Policies:
All course requirements, deadlines, and other policies are discussed in
Blackboard.
Attendance
Policies:
Online course
Policy on
Students with Disabilities:
Policy on
Students with 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.
Statement on
Student Freedom of Expression:
Student Freedom of Expression: Each student is strongly encouraged to
participate in class. In any classroom situation that includes discussion and
critical thinking, there are bound to be many differing viewpoints. These
differences enhance the learning experience and create an atmosphere where
students and instructors alike will be encouraged to think and learn. On
sensitive and volatile topics, students may sometimes disagree not only with
each other but also with the instructor. It is expected that faculty and
students will respect the views of others when expressed in classroom
discussions.
Policy on
Scholastic Dishonesty:
Policy on
Scholastic Dishonesty: Acts prohibited by the college for which discipline may
be administered include scholastic dishonesty, including but not limited to
cheating on 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.
Testing Center
Policy: Click here to review the Testing
Center Policy
Last Updated: 1/11/10