Accounting
Central College
Business, Financial & Legal Studies
Division Chair: Earl Smith
Associate Departmental Chair: Dr. Mesfin Genanaw
ACNT 2303 - Intermediate Accounting I
CRN 84112 – 10-Week Summer 2011
Distance Education
On-Line Orientation:
Complete your on-line orientation. http://de.hccs.edu/portal/site/de/
If you are having problems assessing the class, contact a distance education support technician at
713-718-5275. You also may visit the HCC Support Center at
http://de.hccs.edu/portal/site/de/
Instructor Information:
Instructor:
Office Location:
Office Hours:
Phone #:
Email:
Charles Lewis
Central Campus
By appointment
713-823-9667
School-charles.lewis@hccs.edu
Class-Use Blackboard mail
Office Location and Hours:
Please feel free to contact me through Blackboard “Mail” or by telephone at 713-823-9667. The
Accounting Department is located in the BSCC Building Room 206
Syllabus Changes:
The syllabus is subject to change. When changes occur the instructor will advise the students
through email and as an announcement on blackboard. It will be the students responsibility
check blackboard for emails and announcements
Intermediate Accounting General Information:
Intermediate Accounting is divided into two (2) courses at Houston Community College and
most other universities, Intermediate Accounting I (ACNT 2303) and Intermediate Accounting II
(ACNT 2304). Issues to be examined in Intermediate I are described in Course Description
below. ACNT 2303 somewhat parallels your pre-requisite course Accounting 2301 but in
greater detail
Course Description:
ACNT 2303 is a critical analysis of generally accepted accounting principles, concepts, and
theory, underlying preparation of financial statements; emphasis on current theory and practice;
covers the theoretical and practical basis for financial statements, present value applications, and
the theory and practice of accounting for cash, receivables, inventories, liabilities, long-term
investments, depreciable and depletable property, and intangible assets.
Prerequisites:
ACCT 2301 (Financial Accounting), ACCT 2302 (Managerial Accounting)
Course Goals:
The primary purpose of Intermediate Accounting I is to provide the students with a
comprehensive and in depth course in financial accounting. The course is designed to meet the
needs of those students who are preparing for a career in accounting.
Course Student Learning Outcomes (SLO):
Students will:
1. Critically analyzes basis for reporting time value of money, receivables & inventories
2. Critically analyzes basis for reporting depreciable and depletable property
3. Critically analyzes basis for reporting intangible assets, current liabilities and contingencies,
and long-term liabilities
4. Critically analyze generally accepted accounting principles
5. Critically analyze basis for financial statements
Learning objectives
The student will be able to:
1. Solve future and present value of 1 and annuity - ordinary and due – problems
2. Define and identify types of receivables, and explain accounting issues related to recognition
of accounts receivable
3. Distinguish between perpetual and periodic inventory systems, and describe and compare the
cost flow assumptions used to account for inventories
4. Describe and apply the lower-of-cost-or-market rule, and explain when companies value
inventories at net realizable value
5. Identify the costs to include in initial valuation of property, plant, and equipment
6. Identify the factors involved in the depreciation process, and compare activity, straight-line,
and decreasing-charge methods of depreciation
7. Identify the costs to include in the initial valuation of intangible assets, explain the procedure
for amortizing intangible assets, and identify the conceptual issues related to research and
development costs
8. Identify the criteria used to account for and disclose gain and loss contingencies, and explain
the accounting for different types of loss contingencies
9. Describe the accounting valuation for bonds at date of issuance, apply the methods of bond
discount and premium amortization, and describe the accounting for the extinguishment of
debt
SCANS or Core Curriculum Statement
The Secretary’s Commission on Achieving Necessary Skills (SCANS) from the U.S. Department
of Labor was asked to examine the demands of the workplace and whether our students are
capable of meeting those demands. Specifically, the Commission was directed to advise the
Secretary on the level of skills required to enter employment. In carrying out this charge, the
Commission was asked to do the following:
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Define the skills needed for employment
Propose acceptable levels of proficiency
Suggest effective ways to assess proficiency, and
Develop a dissemination strategy for the nation’s schools, businesses, and homes SCANS research
verifies that what we call workplace know-how defines effective job performance today. This knowhow has two elements: competencies and a foundation. This report identifies five competencies
and a three-part foundation of skills and personal qualities that lie at the heart of job performance.
These eight requirements are essential preparation for all students, whether they go directly to work
or plan further education. Thus, the competencies and the foundation should be taught and
understood in an integrated fashion that reflects the workplace contexts in which they are applied.
Workplace Competencies
Foundation Skills
Resources: allocating time, money,
materials, space, staff
Basic Skills: reading, writing, arithmetic
and mathematics, speaking and listening
Interpersonal Skills: working on teams,
teaching others, serving customers, leading,
negotiating, and working well with people
from culturally diverse backgrounds
Thinking Skills: thinking creatively,
making decisions, solving problems, seeing
things in the mind’s eye, knowing how to
learn, and reasoning
Information: acquiring and evaluating
data, organizing and maintaining files,
interpreting and communicating, and using
computers to process information
Personal Qualities: individual
responsibility, self-esteem, sociability, selfmanagement and integrity
Systems: understanding social,
organizational, and technological systems,
monitoring and correcting performances,
and designing or improving systems
Technology: selecting equipment and
tools, applying technology to specific tasks,
and maintaining and troubleshooting
technologies
SCANS workplace competencies and foundation skills have been integrated into Introduction to
Accounting, and are exhibited in the SCANS schedule.
Assignment Schedule:
An assignment schedule is below. This schedule will be followed throughout this course. Any
modifications to this schedule will be announced in class
ACNT 2303 HCC-Summer Semester 2011
Distance Education
See Assessments for Chapter Quiz Schedule Due Dates
See Assignments for Excel Problem Due Dates
Below is suggested start dates
DATE
DAY CH
TOPIC
6/06
M
Classes Begin
1
Financial Accounting and Standards
6/06
M
2
Conceptual Framework Underlying Financial
Accounting
6/07
Tu
Last day to add/drop/swap
6/13
M
3
Accounting Information System
6/13
M
4
Income Statement and Related Information
6/20
M
5
Balance Sheet and Statement of Cash Flows
Omit Appendix 5A and 5B
6/28
M
6
Accounting and the Time Value of Money
7/04
M
7
Cash and Receivables
7/11
M
8
Valuation of Inventories
7/11
M
9
Inventory: Additional Valuation Issues
Omit Appendix 9A
7/18
M
10
Acquisition and Disposition of Property, Plant
and Equipment
7/18
M
11
Depreciation, Impairments, and Depletion
Omit Appendix 11A
7/25
M
12
Intangible Assets-Omit Appendix 12 A
7/26
Tu
Last Day for Withdrawal with a "W" 4:30 pm
8/07
Sun
Official Instruction Ends
8/09
Mon
Last day to complete
8/19
F
Grades available on line
Evaluation and Requirements:
Students are expected to read all assigned chapters, complete and submit all assignments and
quizzes on or before the due dates.
Accounting is best learned through doing. Therefore, there are always homework assignments to
do. This will require a considerable commitment of time and effort from you. Your final grade
for this course will be based on how well you do in meeting the evaluation requirements listed on
your assignment schedule and applying the grading scale which is listed below.
On-Line Assessments:
The questions for each student for the quizzes and the final are generated randomly by the
computer. Each student will receive a different exam.
On-Line Assessments-Chapter quizzes:
There will be a total of 12 (one for each chapter) on-line assessments (Blackboard-Assessments).
The quizzes must be completed by the due date stated in the assessment schedule (no
extensions). The assessments are open book and you can go in and out of the assessment as
many times as you desire. (Example: Chapter 1 assessment is open June 6, 2011 until June 20, ,
2011 and you can go in and out of that assessment as many times as you desire but you must
complete the assessment by June 20, 2011 at 6:00 am) Once you enter the assessment the
questions will not change so you can print the assessment off and take it with you to work on.
Once you hit the submit button the assessment is automatically graded and that is
considered your one attempt. When working on your assessment always save your answers
but never hit the submit button until you are completely finished and ready for it to be
graded. This means you have to click the “Finish” button on the bottom of the assessment to
submit it to me for grading otherwise I don’t know that you are done. If you fail to click the
“Finish” button, you will receive a zero (0) on the assessment.
The assessment is labeled as having two attempts which means that if after your first completed
submission you wish to retake the assessment again you may do so. This means you will receive
a completely different assessment for the second attempt and that the second attempt must also
be completed by the assigned due date. The second attempt score will be your final score.
If you complete your first attempt and start a second attempt and fail to complete the first
attempt and submit for grading, then the first attempt will be counted as your final grade.
Take in consideration that your internet provider may be down or computer problems.
Evaluation Requirements:
Chapter quizzes-assessments (12)
100 points each
Total
1200 points
1200 points
Grading Scale:
90 - 100%
80 - 89%
70 - 79%
60 - 69%
BELOW 60%
=
=
=
=
=
A
B
C
D
F
1080 to 1200 points
960 to 1079 points
840 to 959 points
720 to 839 points
0 to 719 points
Program/Discipline Requirements
Assignments in electronic format are a discipline requirement of ACNT 2303. Emailing
assignments as attachments is essential. Assignments reinforce what you are learning in class by
connecting theory to the real world of accounting. The assignments are very important and as
such, they must be completed on time or you will not receive a passing grade in this class.
Textbook and Related Material (Required):
Text: Intermediate Accounting 13th Edition
by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield
Publisher:Wiley and Company
SBN-13 978-0-470-37494-8 (Full 24 Chapter Book)
SBN-10- 0-470-37494-2
There are Volumes I and II of this book with a different SBN
Volume I is Chapters 1-14 (978-470-42368-4)
Volume II is Chapters 15-24
WileyPlus
This semester we are offering students the ability to purchase WileyPlus which is optional.
With WileyPlus you can buy the book as an ebook and it comes with practice tests and
quizzes, power point presentations, glossary and many other learning tools. If you have
already purchased your book because you prefer a hard copy of the book, you can still
purchase the access code to WileyPlus. There are no assignments for this class in
WileyPlus. WileyPlus log in can be found in blackboard under course tools.
http://edugen.wileyplus.com/edugen/class/cls224150/
Optional Method to log in to Wiley Plus and locate your course
https://edugen.wiley.com/edugen/secure/index.uni
Students---Get Started---Houston Comm Coll---Then Find
Locate Intermediate Accounting--Locate Class by Section or Instructor
HCC Policy Statements
Link: http://www.hccs.edu/hccs/faculty-staff/policies-procedures-hcc
Americans with Disabilities Act (ADA)-Students with Disabilities:
Any student with a documented disability (e.g. physical, learning, psychiatric, vision, hearing,
etc.) who needs to arrange reasonable accommodations must contact the Disability Support
Services Office at the beginning of each semester. Professors are authorized to provide only the
accommodations requested by the Disability Support Services Office.
DE students who are requesting special testing accommodations may choose the most convenient
DSS office for assistance each semester:
District ADA Coordinator – Donna Price – 713.718.5165
Central ADA Counselors – Jaime Torres & Martha Scribner – 713.718.6164
Northeast ADA Counselor- Kim Ingram – 713.718.8420
Northwest ADA Counselor – Mahnaz Kolaini – 713.718.5422
Southeast ADA Counselor – Jette Lott - 713.718.7218
Southwest ADA Counselor – Dr. Becky Hauri – 713.718.7910
Coleman ADA Counselor – Dr. Raj Gupta – 713.718.7631
After student accommodation letters have been approved by the DSS office and submitted to DE
Counseling for processing, students will receive an email confirmation informing them of the
Instructional Support Specialist (ISS) assigned to their professor.
Academic Honesty:
Students are responsible for conducting themselves with honor and integrity in fulfilling course
requirements. Penalties and/or disciplinary proceedings may be initiated against a student
accused of scholastic dishonesty. “Scholarly dishonesty” includes, but is not limited to, cheating
on a test, plagiarism, and collusion. Anyone caught cheating will be given an F on that
assignment and possibly an F in the course. A report on the incident will also be submitted to all
appropriate school officials.
A student who is academically dishonest is, by definition, not showing that the coursework has
been learned, and that student is claiming an advantage not available to other students. The
instructor is responsible for measuring each student's individual achievements and also for
ensuring that all students compete on a level playing field. Thus, in our system, the instructor has
teaching, grading, and enforcement roles. You are expected to be familiar with the University's
Policy on Academic Honesty, found in the catalog. What that means is: If you are charged with
an offense, pleading ignorance of the rules will not help you. Students are responsible for
conducting themselves with honor and integrity in fulfilling course requirements. Penalties
and/or disciplinary proceedings may be initiated by College System officials against a student
accused of scholastic dishonesty. “Scholastic dishonesty”: includes, but is not limited to,
cheating on a test, plagiarism, and collusion.
Cheating on a test includes:
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Copying from another students’ test paper;
Using materials not authorized by the person giving the test;
Collaborating with another student during a test without authorization;
Knowingly using, buying, selling, stealing, transporting, or soliciting in whole or part the
contents of a test that has not been administered;
Bribing another person to obtain a test that is to be administered.
Plagiarism means the appropriation of another’s work and the unacknowledged incorporation of
that work in one’s own written work offered for credit.
Collusion mean the unauthorized collaboration with another person in preparing written work
offered for credit. Possible punishments for academic dishonesty may include a grade of 0 or F in
the particular assignment, failure in the course, and/or recommendation for probation or
dismissal from the College System. (See the Student Handbook)
Attendance:
As stated in the HCC Catalog, all students are expected to attend classes regularly. Students in
DE courses must log into their Blackboard class or they will be counted as absent. Just like an
on-campus class, your regular participation is required.
Although it is the responsibility of the student to withdraw officially from a course, the professor
also has the authority to block a student from accessing Blackboard, and/or to withdraw a student
for excessive absences or failure to participate regularly. DE students who do not log into their
Blackboard class before the Official Day of Record will be automatically dropped for nonattendance. Completing the DE online orientation does not count as attendance.
Students are expected to log into the class at least twice a week to check for email and discussion
board postings. Checking in everyday would be advisable. Any modifications to any schedule
will be posted in an “Announcement”, email or a revision in the syllabus.
Drops and Withdrawals: HCC Course Withdrawal Policy (updated 7/26/2010)
Beginning Fall 2007, the State of Texas imposes penalties on students who withdraw/drop
courses excessively. Students are limited to no more than SIX total course withdrawals
throughout their educational career at a Texas public college or university. Students are
encouraged to review the HCC 6 Drop Policy.
To help you avoid having to withdraw from any class, contact your DE professor regarding your
academic performance. You may also want to contact your DE counselor to learn about helpful
HCC resources (e.g. online tutoring, child care, financial aid, job placement, etc.).
HOW TO DROP
 If a student decides to withdraw from a class upon careful review of other options,
the student can withdraw online prior to the deadline through their HCC Student
Center.
 HCC and/or professors may withdraw students for excessive absences without
notification (see Class Attendance below).
 Students should check HCC’s Academic Calendar by Term for withdrawal dates
and deadlines. Classes of other duration (flex-entry, 8-weeks, etc.) may have different
final withdrawal deadlines. Please contact the HCC Registrar’s Office at 713.718.8500 to
determine mini-term class withdrawal deadlines.
International Students: Receiving a W in a course may affect the status of your student visa.
Once a W is given for the course, it will not be changed to an F because of visa considerations.
Early Alert:
HCC has instituted an Early Alert process by which your professor may “alert” you and DE
counselors that you might fail a class because of excessive absences and/or poor academic
performance. A counselor will then reach out to you to discuss your progress and offer any
relevant resources. This initiative is designed to provide students with support services and
resources to assist them in successfully completing their course.
Repeat Course Fee
The State of Texas encourages students to complete college without having to repeat failed
classes. To increase student success, students who repeat the same course more than twice, are
required to pay extra tuition. The purpose of this extra tuition fee is to encourage students to
pass their courses and to graduate. Effective fall 2006, HCC will charge a higher tuition rate to
students registering the third or subsequent time for a course. If you are considering course
withdrawal because you are not earning passing grades, confer with your instructor/counselor as
early as possible about your study habits, reading and writing homework, test taking skills,
attendance, course participation, and opportunities for tutoring or other assistance that might be
available.
Incompletes:
It is my policy not to give a grade of “I” (incomplete).
HCC Student Services Information
Link:
http://www.hccs.edu/hcc/System%20Home/Departments/Student_Handbook/student_policies.pdf
DISTANCE EDUCATION:
The Distance Education Student Handbook contains policies and procedures unique to the DE
student. Students should have reviewed the handbook as part of the mandatory orientation. It is
the student's responsibility to be familiar with the handbook's contents. The handbook contains
valuable information, answers, and resources, such as DE contacts, policies and procedures (how
to drop, attendance requirements, etc.), student services (ADA, financial aid, degree planning,
etc.), course information, testing procedures, technical support, and academic calendars. Refer to
the DE Student Handbook by visiting this link:
http://de.hccs.edu/de/de-student-handbook
DISTANCE EDUCATION ADVISING AND COUNSELING SERVICES:
Much DE student information can be found on the DE Student Services website:
de.hccs.edu. Advising or counseling can be accomplished through our online request
form AskDECounseling. Counselors and Student Services Associates (SSA) can assist
students with admissions, registration, entrance testing requirements, degree planning,
transfer issues, and career counseling. In-person, confidential sessions can also be
scheduled to provide brief counseling and community referrals to address personal
concerns affecting academic success.
ASKDECOUNSELING FORM
AskDECounseling is a student services online help form. This is the best and quickest
way for students to get accurate assistance with DE registration, enrollment, advising, and
counseling. The online help form is simple to fill out, convenient, and readily accessible
through the internet. Students do not have to travel to campus sites, leave work, or wait in
an office or lobby to receive assistance. Upon submission, student requests are answered
in the order they are received.
INTERNATIONAL STUDENTS
Please contact the International Student Office at 713-718-8520 if you have additional
questions about your visa status.
Distance Education Online Behavior:
As your instructor and as a student in this class, it is our shared responsibility to develop
and maintain a positive learning environment for everyone. Your instructor takes this
responsibility very seriously and will inform members of the class if their behavior makes
it difficult for him/her to carry out this task. As a fellow learner, you are asked to respect
the learning needs of your classmates and assist your instructor to achieve this critical
goal.
Virtual Classroom Conduct:
As with on-campus classes, all students in HCC Distance Education courses are required
to follow all HCC Policies & Procedures, the Student Code of Conduct, the Student
Handbook, and relevant sections of the Texas Education Code when interacting and
communicating in a virtual classroom with faculty and fellow students. Students who
violate these policies and guidelines will be subject to disciplinary action that could
include denial of access to course-related email, discussion groups, and chat rooms or
being removed from the class.
Blackboard Student User ID:
Your Blackboard login user ID will be your HCC User ID (sometimes referred to as the
“W” number). All HCC students have a unique User ID. If you do not know your User
ID you can look it up by visiting the HCC home page:
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o From www.hccs.edu, click on “Login Help” under the “Student System
Sign In” field
o Then click on “Retrieve User ID” and follow the instructions.
Or use the direct link: https://hccsaweb.hccs.edu:8080/psp/csprd/?cmd=login&languageCd=ENG
The default student password is “distance.” Students will then be prompted to change
their password after their first login. Please visit DE Technical Support website if you
need additional assistance with your log in.
Instructor Requirements:
As your Instructor, it is my responsibility to:
 Provide the grading scale and detailed grading formula explaining how student
grades are to be derived
 Facilitate an effective learning environment through class activities, discussions,
and lectures
 Description of any special projects or assignments
 Inform students of policies such as attendance, withdrawal, tardiness and make up
 Provide the course outline and class calendar which will include a description of
any special projects or assignments
 Arrange to meet with individual students before and after class as required
To be successful in this class, it is the student’s responsibility to:
 Attend class and participate in class discussions and activities
 Read and comprehend the textbook
 Complete the required assignments and exams
 Ask for help when there is a question or problem
 Keep copies of homework, projects, instructions, emails including this syllabus
On-line Tutoring:
HCC provides free online tutoring in writing, math, science, and other subjects. Look for
Ask Online on your Blackboard log-in page. This directs students to the HCC AskOnline
Tutoring site: http://hccs.askonline.net/. Use your student ID or HCC e-mail address to
create an account. Instructions, including a 5-minute video, are provided to make you
familiar with the capabilities of this service.
SOCIAL NETWORKING:
DE students are encouraged to become a fan of DE on Facebook
http://www.facebook.com/HCCDistanceEd and to follow DE on Twitter:
http://twitter.com/HCCDistanceEd
These social networking sites help DE foster student engagement and provide a sense of
community for the online learner. Students will also stay informed about important
information and announcements.
LIBRARY RESOURCES:
As a DE student you have the same access to first-rate information resources that the
HCC Libraries make available to all HCC students. A special website pulls together all
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the tools DE students will need to get their research rolling. Visit Library Resources
specifically for Distance Education students.
Library services are available throughout HCC. Through a daily library delivery service
and a listing of all materials belonging to HCC libraries, books may be requested from
and delivered to any campus library. HCC also has cooperative borrowing agreements
with the University of Houston libraries and provides a copy of the Houston Public
library catalog at each library. These arrangements provide students with access to over 4
million volumes.
Special services provided by the library system include photocopying facilities;
specialized equipment for disabled students; group and personalized instruction in library
use, including a self-instructional media program to orient students to the use of the
HCCS libraries; a “term paper” workshop; and online bibliographic search services.
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