AUSTIN COMMUNITY COLLEGE
INTRODUCTION TO ACCOUNTING I
ACNT 1403 SYN 44775
SPRING 2016.5
CLASS TIME: Lecture: MW 1:30 – 2:50 PM
Lab:
MW 3:00 – 4:20 PM
CLASS LOCATION: Lecture Room EVC 8301
INSTRUCTOR: David Carr, MBA
OFFICE LOCATION: EVC – Room 8313
OFFICE HOURS:
MW 12:30 – 1:15 PM
CELL PHONE: (830)708-8429
E-MAIL: dcarr@austincc.edu
WEB PAGE: www.austincc.edu/dcarr
Course Description:
The course emphasizes the complete accounting cycle, preparation of basic financial statements, bank
reconciliation’s, and payroll. The course is a study in analyzing, classifying, and recording business
transactions in a manual and computerized environment.
Introduction to Accounting I is a 4 credit hour course. The course consists of approximately 2.5 lecture
hours and 2.5 lab hours per week (during a 16 week semester).
Prerequisite:
 Degree seeking students are required to have the minimum score on the reading and math portion
TASP Exam. Certificate students must meet the Level 1 requirements. There are several
exemptions and waivers to these requirements. Please consult the course schedule, catalog or
contact an advisor to confirm your prerequisite status.
CPA and transfer credit:
 To become a CPA in Texas, you must have a minimum of a bachelor’s degree that includes 150
hours of college credit, 36 hours of accounting, and 20 hours of business; pass a uniform exam;
and have experience working with a CPA. ACNT 1403 will not count toward the accounting
requirements. Please consult with your instructor immediately if you desire to become a CPA in
Texas.
 ACNT 1403 generally does not transfer to four-year colleges and universities. Please consult with
an advisor or other university-transfer requirements.
 The next accounting course is ACNT 1404 – Introduction To Accounting II.
Course Materials:
Required: Accounting Principles, 12th edition, Weygandt/Kieso/Kimmel, John Wiley & Sons Inc.
Computer Accounting, with Sage 50 Complete Accounting 2015, 18th Edition, Carol Yacht,
McGraw-Hill/Irwin
Course Objective:
Upon successful completion of this course, students will be able to analyze, record and summarize
transactions in a manual and computerized environment. Students will also prepare basic financial
statements for a service business.
Common Course Objectives:
Please refer to the Accounting Department 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 and the basic
accounting process.
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Texas Education Coordinating Board SCANS Skills:
Competency must be shown in the following three areas:
1. Manages time
a. Uses class and lab time efficiently to accomplish required assignments
b. Focuses 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 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 Microsoft Word and Excel and Peachtree software
programs
b. Analyzes information necessary to complete an accounting cycle and prepare statements
using an automated system
c. Communicates financial information through the process and production of financial
statements
3. Students exhibit 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 class
Class Preparation:
Your attendance is expected at all lecture and lab classes. Portions of the course grade are based on inclass activities. Also, the exams are a reflection of the material covered in class. It is to your advantage to
attend class and participate in the discussion of the material. Advance preparation is the key to
completing the agenda items successful and in a timely fashion.
If you have conflicts, which prohibit your regular attendance and/or preparation for class, please discuss
these with either a counselor or your instructor.
Attendance:
Austin Community College does not have an established attendance police. 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.
Withdrawals:
April 25, 2016 is the last day to withdraw from this class and receive a grade of “W”. If you wish to
withdraw, complete the withdrawal slip and turn it in to the admission’s office. Do not assume that I will
withdraw you!!
Incompletes:
Incomplete grades are given only on rare occasions. The purpose of this grade is for an emergency, which
occurs after the withdrawal date and prevents timely completion of the course.
School Policies:
The policies are outlined in the Austin Community College Student Handbook. Please obtain a copy from
Student Services. These school policies are considered an integral part of this syllabus.
Instructional Methodology:
The objectives of this course will be met by incorporating a variety of instructional methods. These include
lecture, group activities, student presentations, discussion papers, class quizzes, class exercises, spreadsheet
and word processing activities, use of accounting software and online research.
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Textbook Exams:
The four Weygandt textbook exams will be a combination of problems and exercises. I retain the
completed exams and keep them for one semester.
Make-up exams – Please make every effort to take the exams on the scheduled dates. Otherwise, you will
get behind on the new material and you will not do well on the later exams. The need for a make-up must
be the result of an emergency situation. Make-up exams are not re-tests. You must visit with me no later
than the next class after a missed exam to make arrangements to have a make-up exam placed in the testing
center on this campus. You will have a maximum of one week from the date of the missed exam to take
the make-up.
Discussion Questions & Quizzes:
One broad conceptual question per chapter will be assigned via Blackboard. Your responses using the
Blackboard discussion board must be submitted for grading no later than the exam for the applicable
textbook chapters. Your textbook and class notes may be used in composing your answers.
Quizzes will consist solely of multiple choice questions. They will be assigned and taken in class after
completion of the coverage of each chapter (generally at the beginning of the next following class). As
with major exams, textbooks and class notes can not be used as aids.
Make-ups for discussion questions and quizzes are on an emergency basis only. For your personal
convenience is not an emergency.
Textbook & Computer Assignments (Word, Excel & Peachtree):
The working of exercises and problems is a critical part of any accounting course. Accounting concepts
cannot be fully understood until they are applied in performing accounting functions. Completing the
assignments is also a very good way to prepare for exams. Further, the assignments count as a significant
part of your grade and also directly reflect the SCANS skills listed in this syllabus. Attendance and time
management during your time on campus is critical for successful completion of these assignments.
All textbook assignments (exclusive of ethics cases) must be submitted via Blackboard for grading on or
before the exam date for the topic (early submittal is encouraged). Late assignments are accepted on an
emergency basis only. As indicated in the assignment schedule of this syllabus, all assignments must be
completed using the applicable computer program. Manually prepared solutions are not acceptable.
Selected ethics cases from the textbook are reviewed and discussed in class as student group activities, with
typed solutions submitted per group.
SAGE 50 assignments from the Carol Yacht Computer Accounting manual are due no later than the date of
the SAGE 50 Simulation Exam as listed in the enclosed activities schedule. Although, you are encouraged
to complete and submit them for grading earlier.
Grading:
Activity
Textbook Exams
Textbook Quizzes
Discussion Questions
Problems & Exercises
Ethics Cases
SAGE 50 Assignments
SAGE 50 Exam
Assessment Quiz
TOTAL
Number
4
10
10
30
4
8
1
1
Pts Each
80
20
5
3
5
5
60
20
Total
320
200
50
90
20
40
60
20
800
Percent
40.0
25.0
6.2
11.3
2.5
5.0
7.5
2.5
100.0
720
640
560
480
Below
Points
to
to
to
to
800
719
639
559
Grade
A
B
C
D
480
F
4
DAY
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
DATE
1/20
1/25
1/27
2/01
2/03
2/08
2/10
2/15
2/17
2/22
2/24
2/29
3/02
3/07
3/09
3/14
3/16
3/21
3/23
3/28
3/30
4/04
4/06
4/11
4/13
4/18
4/20
4/25
4/27
5/02
5/04
5/09
5/11
TOPIC
Ch 1 – Accounting in Action
Ch 1 – Accounting in Action
Ch 2 – The Recording Process
QUIZ CH 1
Ch 2 – The Recording Process
Review and Group/Ethics
QUIZ CH 2
EXAM (chapters 1 and 2)
Ch 3 – Adjusting the Accounts
Ch 3 – Adjusting the Accounts
Ch 4 – Compl of the Acc’ting Cycle QUIZ CH 3
Ch 4 – Compl of the Acc’ting Cycle
Review and Group/Ethics
QUIZ CH 4
EXAM 2 (chapters 3 and 4)
Ch 5 – Merchandise Operations
Ch 5 – Merchandise Operations
Ch 6 – Inventories
QUIZ CH 5
Spring Break
Spring Break
Ch 6 – Inventories and Group/Ethics QUIZ CH 6
Ch 7 – Acc’ting Info Sys and Review QUIZ CH 7
EXAM 3 (chapters 5-7)
Ch 8 – Internal Control and Cash
Ch 9 – Receivables
QUIZ CH 8
Ch 9 – Receivables
Ch 10 – Plant Assets
QUIZ CH 9
Ch 10 – Plant Assets
Review and Group/Ethics
QUIZ CH 10
EXAM 4 (CH’S 8-10)
ASSESSMENT QUIZ
SAGE 50 – Ch’s 1 & 2
SAGE 50 – Ch’s 3 & 4
SAGE 50 – Ch’s 5 & 6
SAGE 50 – Ch’s 7 & 8
SAGE 50 – Review for Exam and Catch Up
SAGE Simulation Exam with Questions
THIS SCHEDULE SUBJECT TO CHANGE
ASSIGNMENTS
P1-1A,P1-2A,P1-4A
E2-9,P2-1A,P2-2A,P2-3A,P2-5A
BYP 2-7
E3-5,P3-1A,P3-2A,P3-3A
E4-7,E4-9,P4-1A
BYP 3-7
E5-9,E5-10,P5-1A,P5-4A
P6-1A,P6-3A,P6-8A,
BYP 6-7
P7-4A
E8-4,P8-4A
P9-1A,P9-4A
E10-10,P10-3A
BYP 10-7
Ex’s 1-2, 2-2
Ex’s 3-1, 3-2, 4-2
Ex’s 5-2, 6-2
Ex 8-2