Course Syllabus
Intermediate Accounting I
ACNT 2303
Semester with Course FALL 2015
Reference Number
(CRN)
Instructor contact
information (phone
number and email
address)
ACNT 2303 (76442)
NICK GEORGAS
nick.georgas@hccs.edu
Office Location and
Hours
Course
Location/Times
WEDNESDAY 7-10PM
STAFFORD
Course Semester
Credit Hours (SCH)
(lecture, lab) If
applicable
Credit Hours:
3
Lecture Hours:
3
Laboratory Hours:
External Hours:
Total Course Contact
Hours
48.00
Course Length
(number of weeks)
16 WEEKS
Type of Instruction
FACE TO FACE
Course Description:
Critical analysis of general accepted accounting principles, concepts, and theory
underlying the 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.
Course
Prerequisite(s)
PREREQUISITE(S):

ACCT 2302
FREQUENT REQUISITES



College Level Reading
College Level Mathematics
College Level Writing
Academic
Discipline/CTE
Program Learning
Outcomes
1. Students will complete accounting cycle and prepare financial statements utilizing
EXCEL or computerized software package such as Peachtree or Quick Books.
2. Students will evaluate taxation issues and prepare tax returns utilizing
computerized software package such as TurboTax.
3. Students will reconcile and verify account balances and audit effectiveness of
internal control on financial reporting.
4. Students will read (bypass distractors), Listen (focus on accounting concepts),
Speak and Write (focus on financial reporting standards and guidelines)
Course Student
Learning Outcomes
(SLO): 4 to 7
1. Students will illustrate time value of money and report, receivables & inventories
2. Students will report depreciable and depletable property
3. Students will report intangible assets, current liabilities and contingencies, and
long-term liabilities
Learning Objectives
(Numbering system
should be linked to
SLO - e.g., 1.1, 1.2,
1.3, etc.)
Students will illustrate time value of money and report, receivables &
inventories
1. Students will apply expected cash flows to present value measurement
2. Students will compare cost flow assumptions used to account for inventories
3. Students will determine ending inventory
4. Students will account for loan impairment
Students will report depreciable and depletable property
1. Students will illustrate accounting issues related to valuing plant assets
2. Students will illustrate accounting issues related to asset impairment
Students will report intangible assets, current liabilities and contingencies,
and long-term liabilities
1. Students will illustrate accounting issues related to intangible-asset impairments
2. Students will account for different types of loss contingencies
3. Students will account for debt restructuring
SCANS and/or Core
Curriculum
Competencies: If
applicable
SCANS
Students will illustrate time value of money and report, receivables &
inventories
Foundation Skills - Basic -Reading
Foundation Skills - Basic -Writing
Foundation Skills - Basic -Mathematics
Foundation Skills - Basic -Listening
Foundation Skills - Basic -Speaking
Foundation Skills - Thinking -Decision Making
Foundation Skills - Thinking -Creative
Foundation Skills - Thinking -Problem Solving
Foundation Skills - Thinking -Seeing Things in the Mind's Eye
Foundation Skills - Thinking -Knowing How to Learn
Foundation Skills - Thinking -Reasoning
Workplace Competencies - Information -Acquires & Evaluates
Workplace Competencies - Information -Organizes & Maintains
Workplace Competencies - Information -Interprets & Communicates
Workplace Competencies - Information -Uses Computers to Process
Students will report depreciable and depletable property
Foundation Skills - Basic -Reading
Foundation Skills - Basic -Writing
Foundation Skills - Basic -Mathematics
Foundation Skills - Basic -Listening
Foundation Skills - Basic -Speaking
Foundation Skills - Thinking -Decision Making
Foundation Skills - Thinking -Creative
Foundation Skills - Thinking -Problem Solving
Foundation Skills - Thinking -Seeing Things in the Mind's Eye
Foundation Skills - Thinking -Knowing How to Learn
Foundation Skills - Thinking -Reasoning
Workplace Competencies - Information -Acquires & Evaluates
Workplace Competencies - Information -Organizes & Maintains
Workplace Competencies - Information -Interprets & Communicates
Workplace Competencies - Information -Uses Computers to Process
Students will report intangible assets, current liabilities and contingencies,
and long-term liabilities
Foundation Skills - Basic -Reading
Foundation Skills - Basic -Writing
Foundation Skills - Basic -Mathematics
Foundation Skills - Basic -Listening
Foundation Skills - Basic -Speaking
Foundation Skills - Thinking -Decision Making
Foundation Skills - Thinking -Creative
Foundation Skills - Thinking -Problem Solving
Foundation Skills - Thinking -Seeing Things in the Mind's Eye
Foundation Skills - Thinking -Knowing How to Learn
Foundation Skills - Thinking -Reasoning
Workplace Competencies - Information -Acquires & Evaluates
Workplace Competencies - Information -Organizes & Maintains
Workplace Competencies - Information -Interprets & Communicates
Workplace Competencies - Information -Uses Computers to Process
Instructional Methods
Web-enhanced (0%)
Hybrid (0%)
Distance (0%)
Face to Face (100%)
Student Assignments
Students will illustrate time value of money and report, receivables &
inventories
Papers
Projects
Portfolios
Students will report depreciable and depletable property
Papers
Projects
Portfolios
Students will report intangible assets, current liabilities and contingencies,
and long-term liabilities
Papers
Projects
Portfolios
Student
Students will illustrate time value of money and report, receivables &
Assessment(s)
inventories
Various assigned readings from textbooks
In-class discussions
Oral and written book reviews and discussions
Quizzes/Tests which may include: definitions, matching, multiple choice, true/false,
short answer, brief essay
Group and/or individual projects
Students will report depreciable and depletable property
Various assigned readings from textbooks
In-class discussions
Oral and written book reviews and discussions
Quizzes/Tests which may include: definitions, matching, multiple choice, true/false,
short answer, brief essay
Group and/or individual projects
Students will report intangible assets, current liabilities and contingencies,
and long-term liabilities
Various assigned readings from textbooks
In-class discussions
Oral and written book reviews and discussions
Quizzes/Tests which may include: definitions, matching, multiple choice, true/false,
short answer, brief essay
Group and/or individual projects
Instructor's
Requirements
REGULAR ATTENDANCE WILL DEFINITELY ENHANCE THE STUDENT”S FINAL
GRADE.
NO CHILDREN ALLOWED IN THE CLASSROOM DURING CLASS.
Program/Discipline
Requirements: If
applicable
HCC Grading Scale:
1. EXCEL-Students will work in EXCEL following textbook example formats,
labels, and formulas
2. Internet-Students will use HCC webmail, learning web, blackboard, lockdown browser, and HCC LibLine (24/7 Library)
3. Ethics-Students will develop personal values for ethical behavior
A = 100- 90
B = 89 - 80:
C = 79 - 70:
D = 69 - 60:
59 and below = F
FX (Failure due to non-attendance)
IP (In Progress)
W (Withdrawn)
I (Incomplete)
AUD (Audit)
4 points per semester hour
3 points per semester hour
2 points per semester hour
1 point per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
IP (In Progress) is given only in certain developmental courses. The student must reenroll to receive credit. COM (Completed) is given in non-credit and continuing
education courses.
FINAL GRADE OF FX: Students who stop attending class and do not withdraw
themselves prior to the withdrawal deadline may either be dropped by their professor
for excessive absences or be assigned the final grade of "FX" at the end of the
semester. Students who stop attending classes will receive a grade of "FX",
compared to an earned grade of "F" which is due to poor performance. Logging into a
DE course without active participation is seen as non-attending. Please note that
HCC will not disperse financial aid funding for students who have never attended
class.
Students who receive financial aid but fail to attend class will be reported to the
Department of Education and may have to pay back their aid. A grade of "FX" is
treated exactly the same as a grade of "F" in terms of GPA, probation, suspension,
and satisfactory academic progress.
To compute grade point average (GPA), divide the total grade points by the total
number of semester hours attempted. The grades "IP," "COM" and "I" do not affect
GPA.
Health Sciences Programs Grading Scales may differ from the approved HCC
Grading Scale. For Health Sciences Programs Grading Scales, see the "Program
Discipline Requirements" section of the Program's syllabi.
Instructor Grading
Criteria
5 TESTS AND ONE FINAL EACH WORTH 16.67%. TESTS WILL BE GIVEN BIWEEKLY. IF A QUIZ IS MISSED THEN WHATEVER GRADE AVERAGE IS
ATTAINED ON THE TAKEN QUIZZES AND FINAL WILL BE THE GRADE
ASSIGNED TO THE MISSED QUIZ. IF MORE THAN ONE QUIZ IS MISSED A
GRADE OF 50 WILL BE ASSIGNED TO THAT MISSED QUIZ.
Instructional
Materials
Intermediate Accounting Combo 24 ch 15th. Edition Authors: Donald E. Kieso, Jerry
J. Weygandt, Terry D. Warfield-Publisher: John Wiley & Sons ISBN:
9781118943656 W/Wiley Plus
HCC Policy Statement:
Access Student
Services Policies on
their Web site:
http://hccs.edu/student-rights
EGLS3 -- Evaluation
for Greater Learning
Student Survey
System
At Houston Community College, professors believe that thoughtful student feedback is
necessary to improve teaching and learning. During a designated time near the end of
the term, you will be asked to answer a short online survey of research-based
questions related to instruction. The anonymous results of the survey will be made
available to your professors and department chairs for continual improvement of
instruction. Look for the survey as part of the Houston Community College Student
System online near the end of the term.
Distance Education and/or Continuing Education Policies
Access DE Policies
on their Web site:
http://de.hccs.edu/Distance_Ed/DE_Home/faculty_resources/PDFs/DE_Syllabus.pdf
Access CE Policies
on their Web site:
http://hccs.edu/CE-student-guidelines
COURSE SCHEDULE
CHAPTER
DESCRIPTION
1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS
2 CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING
3 THE ACCOUNTING INFORMATION SYSTEM
4 INCOME STATEMENT AND RELATED INFORMATION
5 BALANCE SHEET AND STATEMENT OF CASH FLOW
6 TIME VALUE OF MONEY
7 CASH AND RECEIVABLES
8 VALUATION OF INVENTORIES
9 ADDITIONAL VALUATION ISSUES
10 ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND
EQUIPMENT
11 DEPRECIATION, IMPAIRMENTS, AND DEPLETION
12 INTANGIBLE ASSETS
13 CURRENT LIABILITIES AND CONTINGENCIES
14 LONG TERM LIABILITIES