Angelina College Business Division ACNT1303 — Introduction to Accounting I Instructional Syllabus I. BASIC COURSE INFORMATION: A. Course Description: ACNT 1303 – Introduction to Accounting I. A study of analyzing, classifying, and recording business transactions in both a manual and a computerized environment. Emphasis is on understanding the complete accounting cycle and preparing financial statements, bank reconciliations, and payroll. Does not meet requirements for Associate in Science or B.B.A. degree. Three lecture hours each week. B. Intended Audience: This course is designed for freshman or sophomore level students wishing to improve their understanding of accounting procedures to common accounting problems and to those students seeking the following degrees/certificates: Certificates of Completion for Office Administration, Office Administration - Legal Secretary Specialty, General Business, Associates of Applied Science degrees in General Business and Office Administration. C. Instructor: Sharon Ziriak Office Hours: email preferred Phone: 936-633-5300 Fax: 633-5498 E-mail Address: sziriak@angelina.edu II. INTENDED STUDENT OUTCOMES: A. Core Objectives Required for this Course 1. Critical Thinking: to include creative thinking, innovation, inquiry, and analysis, evaluation and synthesis of information 2. Empirical and Quantitative Skills: to include the manipulation and analysis of numerical data or observable facts resulting in informed conclusion 3. Personal Responsibility: to include the ability to connect choices, actions and consequences to ethical decision-making B. Course Learning Outcomes for all Sections 1. Define accounting terminology 2. Analyze and record business transactions in a manual and computerized environment 3. Complete the accounting cycle 4. Prepare financial statements 5. Apply accounting concepts related to cash and payroll 6. Prepare bank reconciliations and correct accounting errors III. ASSESSMENT MEASURES: A. Assessments for the Core Objectives 1. Critical Thinking: The specific learning activity that will be utilized for official assessment purposes will be to learn accounting concepts and procedures, debits/credits, the accounting cycle, bank reconciliation and payroll calculations. The objective of accounting is to provide information to make wise decisions in businesses. The student’s performance of this specific learning activity will be assessed through utilization of the AC Critical Thinking Skills value rubric. 2. Empirical and Quantitative Skills: The specific learning activity that will be utilized for official assessment purposes will be to record and analyze business transactions in each homework assignment and exams. The student’s performance of this specific learning activity, will be assessed through utilization of the AC Empirical and Quantitative value rubric 1 Revised: Sept. 2015 3. Personal Responsibility: The specific activity that will be utilized for official assessment purposes will be the homework practices throughout the semester. Ethics and the effect of fraud will be discussed in the classes. The student’s performance of this specific learning activity will be assessed through utilization of the Personal Responsibility value rubric. B. Assessments for Core Learning Outcomes 1. Students will demonstrate their knowledge and ability to prepare special journal and subsidiary ledger after learning the accounting concepts of recording, summarizing, and analyzing business transactions. 2. Students will demonstrate their knowledge of the theory and techniques required for properly recording and analyzing business transactions through understanding the debit and credit concepts using doubleentry account in merchandise operation. 3. Students will demonstrate their ability to record purchase and disposition of property, plant, and equipment. IV. INSTRUCTIONAL PROCEDURES: A. Methodologies utilized in presenting course content (lectures, audio-visual presentations, discussions, examinations, student presentations, field trips, guest speakers, etc.) Lecture Class discussion Marker Board Supervised in-class activities and quizzes Homework assignments V. COURSE REQUIREMENTS AND POLICIES: A. Required Textbooks, Recommended Readings, Materials and Equipment 1. Slater, Jeffrey. College Accounting: A Practical Approach – Chapters 1-12, 13th Edition, Pearson. 2. Handheld calculator (use of cell phone calculator app will not be permitted) 3. Notebook/paper, Pen/Pencil 4. Scantrons (Form 882-E) required for exam. B. Course Policies – (This course conforms to the policies of Angelina College as stated in the Angelina College Handbook.) 1. Academic Assistance – If you have a disability (as cited in Section 504 of the Rehabilitation Act of 1973 or Title II of the Americans with Disabilities Act of 1990) that may affect your participation in this class, you should see Karen Bowser, Room 208 of the Student Center. At a post-secondary institution, you must self-identify as a person with a disability; Ms. Bowser will assist you with the necessary information to do so. To report any complaints of discrimination related to disability, you should contact Dr. Patricia McKenzie, Administration Building, Room 105 or 936-633-5201. 2. Discrimination – Angelina College admits students without regard for race, color, creed, sex, national origin, age, religion, or disability. Inquiries concerning sex equality, disability, or age should be directed to Dr. Patricia McKenzie (936) 633-5201, Angelina College Administration Building, Room A105. 3. Attendance –You are expected to attend class regularly. According to Angelina College’s policy, an instructor may drop a student after 3 consecutive or 4 accumulative absences, and if the student wishes to be readmitted, the approval must come from the Dean of Instruction. If you are unable to complete this course, you must withdraw by to receive a grade of ‘W’. 4. Other Information – Please turn off all cell phones or set to “vibrate” mode. Please do not answer cell phones in the class room. If you are an emergency worker/public service officer and need to answer phone calls, please tell your instructor on the first day of your class meeting. 2 Revised: Sept. 2015 VI. VI. COURSE OUTLINE: A. Assignments – Description of the Course Activities, including due dates, schedules, and deadlines. B. Class Schedule Introduction to Accounting II ACNT 1304.001, Spring 2015 Aug Sep 27 01 03 08 10 15 17 22 24 29 Oct 01 06 08 13 15 20 22 Nov 27 29 03 05 10 12 17 19 Dec 24-26 01 03 08 10 Introduction (Syllabus handout) and Course Overview—Discuss Introduction to Accounting Chapter 1 – Accounting Concepts and Procedures Chapter 1 – Continued Chapter 1 – Continued Assignment - Concept Checks & Problem 1A-1 - Due Sept 8 beginning of class Chapter 2 – Debits and Credits: Analyzing and Recording Business Transactions Chapter 2 – Continued Assignment - Concept Checks & Problem 2B-3 - Due Sept 15 beginning of class Review for Exam 1 Exam 1 – Chapter 1 & 2 Chapter 3 – Beginning the Accounting Cycle Chapter 3 – Continued Assignment - Concept Checks & Problem 3B2 - Due Sept 29 beginning of class Chapter 4 – The Accounting Cycle Continued Chapter 4 – Continued Assignment - Concept Checks & Problem 4A-4 - Due Oct 6 beginning of class Chapter 5 – The Accounting Cycle Completed Assignment - Concept Checks & Problem 5B-3 - Due Oct 8 beginning of class Review for Exam 2 Exam 2 – Chapter 3, 4 & 5 Chapter 6 – Banking Procedure and Control of Cash Chapter 6 – Continued Assignment - Concept Checks & Problem 6A-2 - Due Oct 22 beginning of class Review for Exam 3 Exam 3 – Chapter 6 Chapter 7 – Calculating Pay and Payroll Taxes Chapter 7 – Continued Chapter 7 – Continued Assignment - Concept Checks & Problem 7B-2 - Due Nov 10 beginning of class Chapter 8 – Paying, Recording, and Reporting Payroll and Payroll Taxes Chapter 8 – Continued Chapter 8 – Continued Assignment - Concept Checks & Problem 8A-4 - Due Nov 19 beginning of class Thanksgiving Break Review for Exam 4 Exam 4 – Chapter 7 & 8 Review for Final Exam Final Exam (comprehensive) 11:00 am – 1:00 pm **THIS COURSE OUTLINE IS SUBJECT TO MODIFICATION AT THE DISCRETION OF THE INSTRUCTOR. 3 Revised: Sept. 2015 VII. EVALUATION AND GRADING: A. Grading Criteria Four major exams and the final will be multiple choice, short answer and journal entries. A make-up exam must be scheduled with the instructor within 2 days of the missed exam. The major exams and the final exam are worth 80% of the overall grade. 1. Final Exam - Failure to take the final exam will result in a failing grade for the class. Time does not permit a make-up of the final exam. 2. Homework assignments make up 10% of your total grade. 3. Working Papers/Practice Set completion is required for this course and counts as 10% of your overall grade. 4. Read assigned material before coming to class. Quizzes maybe given before each chapter and will count as part of the total regular homework grade. (Additional quizzes may be given that will be not be announced in advance.) B. Determination of Grade 100-90 89-80 79-70 69-60 59-0 VIII. A B C D F SYLLABUS MODIFICATION: The instructor may modify the provisions of the syllabus to meet individual class needs by informing the class in advance as to the changes being made. 4 Revised: Sept. 2015