College, Program, HOUSTON COMMUNITY COLLEGE – CENTRAL
Department of Accounting
and Semester
Online Course Syllabus, Fall 2011
Course Title &
Credit Hrs
Principles of Accounting I (3 Credit Hours)
Course Rubric &
Number
ACCT 2301
Course website
http://hccs.blackboard.com
Class Reference#
53207
Course Length
16 weeks
Professor
Dr. Mesfin Genanaw, CMA, CFM
Tel: 713-718-6481
Email: Mesfin.genanaw@hccs.edu
Office Location: BSCC 206 - HCC Central Campus
Office Hours: By appointment
Textbook
Financial Accounting, 11th Edition,
Warren, Reeve, Duchac.
Thompson/Southwest Publisher, 2009
ISBN# 978-0-324-66378-5 or 1-4240-7749-4
Exam Dates
Sectional Exam 1 (20%) – Sept. 30, Oct. 1 & 2
Sectional Exam 2 (20%) – Oct. 28, 29, & 30
Sectional Exam 3 (20%) – Dec 2, 3 &4
Drop the lowest score of the 3 sectional exams.
Final Exam (30%) – Dec. 9, 10, & 11
14 online quizzes (drop one) - 30%
Excel project (extra credit)4%
All exams are conducted online.
Distance ED
Support
Administrative: (713) 718-5210 Fax (713) 718-5388
Counseling:(713) 718-5275 Option 4 de.counseling@hccs.edu
Technical: 24/7 toll-free phone service (1-866-588-5281)
http://d2.parature.com/ics/support/default.asp?deptID=8081
See details below
Course Description
Fundamentals of financial accounting, including double-entry
accounting and the accounting cycle. Other topics include
cash, receivables, inventories, plant assets, liabilities,
partnerships, corporation, investments, and statement of
cash flows and interpretation of financial statements.
Prerequisites
ACNT 1303/Program approval
Course Goal
The primary purpose of Principles of Accounting-I is to
provide the students with basic concepts and techniques of
double-entry accounting and the accounting cycle. 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. Illustrate the accounting cycle for one period.
2. Describe and illustrate use of bank reconciliation.
3. Describe payroll accounting systems.
4. Describe and illustrate the accounting for
proprietorships, partnerships, and corporations.
5. Prepare a statement of cash flows.
Learning objectives
The student will be able to:
1. Illustrate the accounting cycle for one period.
2. Determine the cost of inventory.
3. Describe and illustrate the use of bank reconciliation in
controlling cash.
4. Describe the accounting for notes receivable.
5. Compute depreciation.
6. Describe payroll accounting systems that use a payroll
register, employee earning records, and a general
journal.
7. Describe and illustrate the accounting for forming a
partnership and for dividing the net income and net
loss of a partnership.
8. Describe and illustrate the characteristics of stock,
classes of stock, and entries for issuing stock.
9. Journalize entries for bonds payable.
10.
Prepare a statement of cash flows, using the direct
method
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:




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 knowhow 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
Resources: allocating time,
money, materials, space,
staff
Interpersonal Skills:
working on teams, teaching
others, serving customers,
leading, negotiating, and
working well with people
from culturally diverse
backgrounds
Information: acquiring and
evaluating data, organizing
and maintaining files,
interpreting and
communicating, and using
computers to process
information
Systems: understanding
social, organizational, and
technological systems,
Foundation Skills
Basic Skills: reading,
writing, arithmetic and
mathematics, speaking and
listening
Thinking Skills: thinking
creatively, making decisions,
solving problems, seeing
things in the mind’s eye,
knowing how to learn, and
reasoning
Personal Qualities:
individual responsibility, selfesteem, sociability, selfmanagement and integrity
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.
Study guide and Homework Assignments
Study guides are available at the course website. They help
students master the basic content of the text. Students
must complete homework assignments as scheduled in the
course syllabus. You do not have to submit homework
assignments. Solutions to homework problems and
exercises are provided at the course website. However,
students are not advised to look into the solutions before
attempting to solve the assignments on their own.
Course website
We will be using the Blackboard system for our virtual
classroom. You can access the course website at
http://hccs.blackboard.com. All students registered for this
course must have internet access. This course website
allows you to access course resource sites and audio/video
lectures, participate in discussions, download review sheets,
take online exams and tests, see test results, and much
more. Professor will post messages frequently on the
homepage and discussion list of the course website.
Evaluation and Requirements:
This class represents an alternative method of teaching and
learning Financial Accounting. While we use the Internet to
communicate, our goal is to maintain as much of the
traditional experience of the classroom as possible.
Therefore, the course objectives, course schedule and
assessment criteria are, as much as possible, in this online
environment as it is in the face-to-face Financial Accounting
classes that I teach.
You are expected to read and complete all assigned chapters
and participate in discussions. You do not have to submit
homework assignments. Additional practice problems
will be posted online for discussion. For important dates,
please see the Calendar at the course website.
Learning accounting is like learning a foreign language. It is
very much learning by doing and by practice. The learning
process is cumulative. That means that what we learn today
builds upon what we learned last week, which presupposes
that you actually learned the procedure and used the
concepts last week. If you did a half-hearted job last week,
you have a weak foundation upon which to build. The
textbook does a good job of explaining the material, but you
have to read it, and do the assignments on a timely basis to
be successful in the course. It is extremely important that
you be actively involved in the learning process. You have to
read each chapter on the textbook, read the student
resources on the course website, and apply the ideas to the
homework problems. 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 and applying
the grading scale listed below.
14 Online quizzes (drop one) - 30%
3 Sectional Exams (drop one) - 40%
Final Exam - 30%
Excel Problems & Class Participation - 4%
There is no makeup on online quizzes. Scores will be posted
after completion of each quiz period.
Grading Scale
90%–100% = A
80%– 89% = B
70%– 79% = C
60%– 69% = D
Below 60% = F
Examinations
As stated above, there will be 14 quizzes, three sectional
examinations (drop one), and final exam. If a student
misses a sectional exam, that becomes the dropped exam
regardless of the reason. All exams and quizzes are
conducted online and are multiple choice questions. Grades
are posted as soon as exam is submitted. Quizzes provide
multiple accesses over two week period. Exams provide one
time access for only two hours. Students can take each
exam/quiz in any of the scheduled days. There will be no
make-up on these exams or quizzes. Your grades on all
exams, quizzes, and overall participation will be used to
compute your final grade for the course. Participation
grade include: participation in class discussions, answering
excel practice problems, reading online materials. It also
includes asking cogent questions, answering questions, and
responding to other students’ comments. Grade for this
section will be scored at the end of the semester.
A student who misses only the final exam for documented
and reported reason, will get a grade of “I”. If you receive
an “I,” you must arrange to complete the course work by the
end of the following term (excluding Summer Semester).
After the deadline, the “I” becomes an “F.” An assignment
schedule is attached to this syllabus. This schedule will be
followed throughout this course.
Tutoring/Lab Hours
Accounting tutors are available at different HCCS locations.
The instructor will provide you with the information about
their locations, days and times on the course website.
HCC DISTANCE EDUCATION POLICIES AND
PROCEDURES
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
Assignment Schedule:
This schedule will be followed throughout this course. Any
modifications to this schedule will be announced in class.
Assignment Schedule
ACCT 2301 – Principles of Accounting I
wk Chapter Topic
1
Introduction to Accounting
and Business
2
Analyzing Transactions
3
The Adjusting Process
4
Completing the Accounting
Cycle
5
Accounting Systems
6
Exam # 1 – Chapters 1 – 5
Accounting for Merchandising
Businesses
7
Inventories
8
Sarbanes-Oxley, Internal
Control, & Cash
9
Receivables
10
11
Fixed Assets & Intangible
Assets
Exam #2 – Chapters 6 – 9
Current Liabilities & Payroll
Assignments
Ex 2, 3, 4, 6, 7, 8, 11, 12,
16
Pr 1A, 5A
Ex 3, 4, 7, 8, 10, 12, 13,
15, 16, 17, 19
Pr 2A, 3A, 4A
Ex 3, 4, 5, 6, 8, 9, 11, 12,
13, 18, 19
Pr 1A, 2A, 3A; SA 1
Ex 1, 2, 3, 5, 6, 10, 11, 14,
17, 18, 20
Pr 5A; SA 1
Ex 3, 4, 5, 8, 16
Pr 5A; SA 1
Ex 1, 6, 7, 8, 10, 11, 12,
13, 18, 23, 28
Pr 1A, 5A; SA 1
Ex 2, 5, 6, 8, 9, 10, 14
Pr 1A, 2A, 3A
Ex 2, 5, 12, 13, 16, 17, 18,
19, 24
Pr 1A, 2A, 5A; SA 1
Ex 3, 4, 5, 6, 11, 19, 20
Pr 1A, 3A, 4A
Ex 1, 3, 4, 6, 10, 12, 18, 25
Pr 3A, 6A;
Ex 1, 4, 8, 9, 12, 20
Pr 1A, 5A
13
Companies
Corporations: Organization,
Stock Transactions, &
Dividends
Ex 1, 3, 4, 5, 8, 9, 10, 11,
14, 20, 21
Pr 1A, 3A, 5A
16
Statement of Cash Flows
Ex 2, 3, 4, 5, 7, 8, 9, 17
Pr 1A, 2A
Exam 3 – Chapters 10,11, 13
& 16
Final Exam – Chapters 1-11,
13, & 16