Course Syllabus
Course Name: Financial Accounting
Course Number: ACC142 PO01E
Course Department: Business
Course Term: Fall 2015
Revised: August 2015
Room: 602
Day: MTWTF Time: 10:51 a.m. – 11:34
Time a.m.
Instructor: Mrs. Axman, MBA
Office Location: 602
E-mail Address:
aaxman@pocahontas.k12.ia.us
Phone: 712-468-2355 (7:00am – 9:00pm)
Final Exam: Day: TBD
Office Hours: See
Office Door
Date: TBD
Time: TBD
1. Total Semester Hour(s) Credit: 3
2. Total Contact Hours per Semester:
a. Lecture: 3 Lab:
Clinical:
Internship/Practicum:
3. Catalog Description:
Financial Accounting
3 Semester Hours
This course emphasizes corporate accrual-basis accounting procedures including: the
accounting cycle, inventory evaluation, internal control, fixed and tangible assets, payroll, debt
and equity accounting, preparation of financial statements, and financial statement analysis.
Classroom instruction will include usage of computers. Students must pass this course with a
“C” or better to take any other accounting courses. All courses with an ACC prefix require a
grade of “C” or better for successful completion.
4. Pre-requisites and/or Co-requisites:
ACC111, Intro to Accounting or business-related experience (see Accounting Associate
Program Coordinator for more specifics)
5. Textbook Required:
Financial & Managerial Accounting, 4th Edition; Nobles/Mattison/Matsumura (student value
edition) includes three-holed punched textbook and access code for MyAccountingLab
Pearson Publishing, 2014
978-0133451238
www.myaccountinglab.com
6. Materials Required:
a. Jump drive with at least 2 GB of storage
b. Mechanical pencils
c. Eraser
d. Paper
e. 3-ring binder
f. Earbuds or headphones
7. Suggested Materials: n/a
8. Institutional Outcomes:
1. Critical Thinking: The ability to dissect a multitude of incoming information, sorting the
pertinent from the irrelevant, in order to analyze, evaluate, synthesize, or apply the
information to a defendable conclusion.
2. Effective Communication: Information, thoughts, feelings, attitudes, or beliefs
transferred either verbally or nonverbally through a medium in which the intended
meaning is clearly and correctly understood by the recipient with the expectation of
feedback.
3. Personal Responsibility: Initiative to consistently meet or exceed stated expectations
over time.
9. Department Outcomes:
a. apply effective business or career-related communication.
b. demonstrate business or career-related human relations skills.
c. solve business or career-related problems
10. Course Outcomes:
a. Understand the inter-relationship between accounting and business.
b. Record business transactions.
c. Describe and perform the adjusting process.
d. Complete the accounting cycle.
e. Account for a merchandising business.
f. Account for the various merchandise inventory cost flow assumptions.
g. Understand the importance of Sarbanes-Oxley and internal control over cash.
h. Account for receivables.
i. Account for fixed and intangible assets.
j. Account for current liabilities and payroll.
k. Record long-term liabilities.
l. Record stockholders’ equity transactions.
m. Compose a statement of cash flow and understand its importance.
n. Perform horizontal, vertical, and ratio financial statement analysis.
11. Student Outcomes:
a. Conceptualize accounting as an information system
b. Decide how and why users may need accounting information
c. Measure transactions in business terms
12. College Procedures:
a. Administrative Withdrawal Process
An expectation of this course is that you will participate in all class meetings and
conscientiously complete all required course activities and/or assignments. After you
miss 25% of the course meetings (at PAC this is equal to 21 class periods), you will be
administratively withdrawn from this course. For example: A 3-credit lecture course
meeting MWF is scheduled to meet 45 times during the semester. When your number
of absences has exceeded 11, you will be withdrawn, and a “W” will appear on your
transcript. You have the right to appeal the withdrawal to the Vice President of
Instruction. Administrative withdrawal may have academic, scholarship, financial aid,
and/or housing implications. If you have questions about the administrative withdrawal
policy at any point during the semester, please contact me.
b. Children in the Classroom: Students are not allowed to bring children into the
classrooms, labs, shops, or hallways during class times.
c. Weather policy: In the event of extreme weather conditions necessitating closing the
college, the following radio stations will be asked to announce the closing, starting at 6
am for day classes and 4 pm for evening classes: KVFD, KUEL, KKEZ, KIAQ, KQWC,
KTPR, KHBT, KTLB, KAYL, and KDLS. Instructors may make final decisions on makeups due to inclement weather. The final decision to attend college classes can only be
made by the individual based on his or her specific extenuating circumstances that may
make it hazardous for him or her to travel.
d. Course withdrawal procedure:
1. The student will submit the withdrawal request online. This is located in WebAdvisor.
2. The instructor immediately receives an email telling him/her that the student has
requested the drop.
3. The instructor will go into WebAdvisor and approve or deny the request.
4. If the instructor does not respond immediately, he/she will receive an email each
night until the request is approved or denied.
5. If the instructor does not respond after two working days, the department chair will
receive an email saying the instructor has not responded to the request yet.
6. One the request is approved, the Student Records Office will withdraw the student
based on the date the student submitted the request.
e. Class cancelation: Class cancelations with be posted on Triton Pass and emailed to
students. Cancelations, including campus closings, are also available as text messages
through Triton Alerts.
13. Grade Appeal Process:
a. Students who believe a course grade they have received is inaccurate may seek an
appeal. Please refer to the Student Handbook for more specific information.
14. Special Populations/Accommodations:
a. Students who feel they may need academic accommodations should contact the
Coordinator of Special Needs early in the semester. The Coordinator will verify
documentation and coordinate appropriate and reasonable accommodations. Students
must obtain a new accommodation notification each semester.
For information contact:
Coordinator of Special Needs
Academic Resource Center/Library
515-574-1045
15. Department/Program Policies: All accounting courses with a prefix of “ACC” must be passed
with a “C” or better to progress to the next accounting course. In addition, all students must
pass this course with a “C” or better to enroll in ACC146, Managerial Accounting.
16. Course Specific Policies:
a. Course Syllabus Agreement: refer to the last page of this course syllabus.
b. iNET Statement: Iowa Central’s iNET will not be used for this course.
c. Communication: Students may contact me at 712-468-2355 or
aaxman@pocahontas.k12.ia.us . Normally, I check e-mail around 7:30am. E-mail
communication is a highly-used form of business communication. As such, please use
proper writing format and do not abbreviate or use “text-speak”.
d. Personal Responsibility: If you have to be absent from class, please call or e-mail me
prior to your absence (see above for particulars under “Communication”). Students
should get contact info from classmates to find out what they may have missed in class.
e. Classroom Management and Behavior: Usage of cell phones during class is absolutely
prohibited. The instructor will be happy to hold your cell phone during class if needed.
Business terminology should be used while in this course. Foul language should be
avoided. Although computers are provided you may utilize your own tablet or laptop for
this course.
f. Participation/Attendance Policy: Due to the fact that this course is offered over 12 class
days, attendance is absolutely essential. Participating in class will help everyone to
learn more effectively and efficiently (both students and the instructor).
g. Final Exam Policy: Final exams are mandatory. If you are late for a final exam, you will
have the rest of the allotted time to take the test. Students who miss a final exam are
subject to a failing grade. The first thing you should do before you may have to
potentially miss is to speak with the instructor.
h. Grading Policy/Scale:
A > 100 – 90%
B > 89 – 80%
C > 79 – 70%
D > 69 – 60%
F > below 60%
i.
Late Work Policy: Late work will be worth ½ credit and must be submitted before the
exam over the related assignment.
j.
Assessments:
Point system:
1)
2)
3)
4)
5)
6)
7)
Study Plan (15)
Practice (15 @ 10 points each)
Homework (15 @ 10 points each)
Quizzes (15 @ 20 points each)
Tests (3 @ 150 points each)
Final Exam
Participation
Total
optional
150 points (11%)
150 points (11%)
300 points (24%)
450 points (33%)
200 points (14%)
100 points (7%)
1350 points (100%)
*Please note that assessments are subject to change
Explanation of Assessments:
Assessments for this course are sequential in nature. In other words, students
must complete each chapter in the following order to progress throughout the course.
All of the assessments may be accessed at www.myaccountinglab.com.
1) Study Plan (optional) > Students should first read the chapter either in the print
version or the e-text within www.myaccountinglab.com. Then click on Study
Plan on the main page for Financial Accounting. Take the Pre-Test for the
particular chapter. Progress through Practice and then Quiz Me until you have
mastered all of the objectives for a particular chapter. A total of 92 points are
allocated for the Study Plan.
2) Practice > Students will see multiple choice, matching and problem-solving
questions. Each question is worth one point each. Two attempts are allowed.
3) Homework > Homework for each chapter should be completed only when
assigned. Students must have completed the Practice for the respective
chapter before attempting the homework. Two attempts are allowed.
4) Quizzes > There are a total of 15 quizzes for this course. Students should
complete the Homework first and then attempt the quiz. One attempt is allowed.
5) Tests > The tests cover the following chapters: 1-4, 5-7 and 8-10. Chapters 1115 are incorporated into the Final Exam. Each test is worth a possible 150
points.
6) Final Exam > ALL assessments must be completed before the final exam may
be taken. This exam is comprehensive and will cover all 15 chapters.
7) Participation > It is an expectation that students will actively participate in class.
Points for this will be awarded at the end of the semester.
k. Extra Credit Policy: Students will have the opportunity for extra credit for each chapter
covered by this course. When beginning a new chapter students will be asked one extra
credit question. This extra credit is offered to entice students to read the textbook (either
the e-book or student value edition which is absolutely necessary for this course). Extra
credit points will be added to the exam score for the respective chapter(s). Students
must be in attendance for this opportunity.
l.
Group Work/Collaboration: It is my goal that all of you will work in groups. You learn
much more by collaborating with your classmates. Cheating or merely copying from
other students’ work is unethical and will do very little to help students learn the material
and may cause the student to do very poorly on an exam.
m. Previous Work: If a student is re-taking this course, all assignments must be redone; i.e.
old assignments will not be accepted for credit.
n. Standards for Written Work: n/a
o. Scholastic Honesty Policy: Students should conduct themselves as though they were in
a professional business environment. Thus, ethical behavior is absolutely essential.
Since most of the assignments for this course will be done collaboratively, this policy
may apply more to excel homework and tests. If a student cheats on an excel file or
test, they will be withdrawn and may re-take the course again.
p. Teaching Philosophy: I like to utilize MS Word and Excel to facilitate the content of the
course outcomes. I will expect the students to follow along and utilize this software also.
Discussion is essential to learn the content of this course. I will ask questions at random
to make sure that students understand. I will expect students to share any businessrelated experiences that pertain to our topic.
q. Computer Considerations: Students will utilize computers for classroom instruction.
r. Turnitin.com Statement: n/a