Central College Campus
Department: Business, Financial & Legal Studies
Division Chair: Dr. Mesfin Genanaw
HCCS-Accounting Program Coordinator: Dr. Marina Grau
ACCT 2301 – Principles of Accounting 1
CRN 25496 Fall Semester 2014
Regular Lectures at BSCC, Room # 207 | 1.00 pm – 2.30 pm| Tue. & Thur.
[3 hours lecture per week for 16 (sixteen) weeks semester]
Once you have purchased your materials from the bookstore or if you are ready to purchase access directly online,
go to the appropriate registration page for your section listed below and register:
http://connect.mheducation.com/class/e-strasser-king-fall-2014---tth---1.00pm
Instructor Information:
Instructor:
Office Location:
Office Hours:
Phone #:
email:
Ebenezer Strasser-King
Accounting Department, Central Campus, BSCC Building # 206
T/Th. 12.00noon - 12.45pm; other days by appointment.
713-718-6426
feesk47@hotmail.com or e.strasserking@hccs.edu
Syllabus Changes
This syllabus is subject to change. The instructor will advise students of changes during class time and by email.
If absent, a student should check with the instructor or colleague students for relevant announcements. The onus is
on the student to enquire.
Technical Compliance:
Students are expected to maintain a state of technical compliance, including: up-to-date software as required by the
College; a functional internet connection; and use of the Firefox browser when using Eagle Online. The instructor
will not give consideration for lost, missing or unacceptable work stemming from non-compliance and/or end-user
technical issues.
Classroom Behavior:
Instructor and student have a shared responsibility to develop and maintain a positive learning environment for
everyone and should respect the learning needs of classmates and assist the instructor to achieve this goal through a
conducive learning environment.
1.
2.
3.
Contact with the instructor, by a student, should be done in a form or language conducive to a positive
teaching/learning environment.
Students should:
 Be punctual for classes.
 Conduct themselves with a reasonable measure of ethical values and behavior.
Classroom decency will dictate the way a student dresses to attend class.
The instructor has the option to refer all actions deemed inappropriate to Administration for further action.
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Program Requirements, If applicable:
1. Students will work in EXCEL following textbook example formats, labels, and formulas
2. Students will use HCC webmail, learning web, connect.mcgraw-hill, and HCC LibLine (24/7 Library)
MATERIALS:
 Financial Accounting(3rd edition), Spiceland, Thomas, Herrmann.
 A calculator, a ruler, and No. 2 pencil.
(The Text is available at the college Bookstore and on reserve in the Library. The 'working papers' is optional)
This is a Principles 1 Financial Accounting Course of three contact hours a week, translating to three credits hours.
The contents include: - A framework of Financial Accounting
- The accounting cycle
- Accounting Information System
- Accrual Accounting Concepts
- Cash management and internal controls
- Management of inventories and cost of sales
- Merchandising Operations and Multi-step Income Statement
- Reporting and Analyzing short and long term Assets and Liabilities
- Statement of Cash Flows
- Stocks and stock management
- Financial Analysis
COURSE COMPETENCIES:
To realize the outcomes addressed above, the student should meet the skills and competencies addressed by the
following:
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Describe the role of financial accounting in society.
Describe the purposes for which a management and investors need accounting information.
Identify major differences and similarities between financial accounting and managerial accounting.
Explain the basis and relevance of the financial accounting equation.
Identify events or forces that have spurred the development of financial accounting.
Explain the purpose of ethical conduct and identify organizational levels where ethical conflicts arise.
Describe the general oversight structure of financial accounting reporting.
Examine financial reporting concepts and explain their importance
Identify and give examples of the accepted principles used to compile financial statements.
Reporting and analyzing short term assets and liabilities
Reporting and analyzing long term assets and liabilities.
Explain the reporting and analyzing of inventory
Explain the relevance of fraud and internal controls.
Examine cash management and controls in a business organization.
Explain the reporting and analyzing of stockholders' equity.
Explain the purpose and compilation of statement of cash flows.
Explain differences between the financial statements of a manufacturer and a merchandiser.
Distinguish between long term loan obligations and ownership investment
Explain the legal and professional requirements of financial statements, in good form.
Explain the tools and merits of financial analysis for decision making.
SCHEDULE for 16-weeks Instruction
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ACCT 2301 - Fall 2014 HCCS 16 Weeks Semester
See Connect for on-line assessment and due dates
2014
8/26
8/28
9/02
9/04
9/09
9/11
DAY
T
TH
T
TH
T
TH
Chapter
1
1
2
2
1-2
3-4
Instruction
Worked examples
Instruction
Worked examples
Group work 1
Instruction
Other
9/16
9/18
T
TH
3-4
5
Worked examples
Instruction
9/23
9/25
9/30
10/02
10/07
10/09
10/14
10/16
10/21
10/23
10/28
10/30
11/04
11/06
11/11
11/13
11/18
11/20
11/25
11/27
12/02
12/04
12/09
12/11
T
TH
T
TH
T
TH
T
TH
T
TH
T
TH
T
TH
T
TH
T
TH
T
TH
T
TH
T
TH
5
6
6
3-6
7
7
8
8
7-8
**
1-8
9
9
10
10
11
11
12
12
9 - 12
13
1 - 12
9 - 13
9 - 13
Worked examples
Instruction
Worked examples
Group work 2
Instruction
Worked examples
Instruction
Worked examples
Group work 3
Peach Tree Project 1
Mid-semester exam
Instruction
Worked example
Instruction
Worked example
Instruction
Worked example
Instruction
Worked example
Group work 4
Instruction and worked examples
Group Presentation ( part of final exam)
Private revision
FINAL EXAMS
Distribute mid-semester preview
Distribute Project 1
Project 1 due
Distribute Project 2
Distribute group discussion topics
Distribute exam preview
Collect Project 2
Instructional Methods:
As instructor, I will convey knowledge concerning the field of accounting, modeling good teaching strategies, and
organizing and monitoring class activities.
Students should read the textbook, submit assignments on the due dates, participate fully in classroom activities and
attend classes. (Make use of the demonstration problem/solution in each chapter and self-practice questions
contained in the textbook.) Use available learning tools provided as help. A successful student in accounting can
count on 3 hours of independent study after every class. Perfect attendance is essential for mastery of the course
content.
Grading
As instructor, I may award bonus points for attendance, class participation, punctuality, etc. as and when I deem fit.
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Final grade for this course will be based on overall performance, mainly based on the evaluation requirements listed
below.
Final Grade of FX
Students who stop attending classes 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”, compared to an earned
grade of “F” which is due to poor performance. A grade of “FX” is treated exactly the same as a grade of “F” in
terms of GPA, probation, suspension, and satisfactory academic progress.
Class Tests/Exams
Except otherwise approved, class tests/exams will be individual, closed book and closed notes. No cell-phone use
will be allowed during the proceedings. Failure to take the test/exams will amount to a grade of zero, except prior
arrangement has been made with the instructor for a make-up version. If agreed, the make-up will be taken in the
Test-Center facility of the college.
Evaluation Requirements:
Connect 1,300 marks
Class group work x 4 (60 marks each)
Mid- term exams - Class
Class Projects, 2 x 100 marks
Final Exams - Class Presentation
- Problems, M/C
Total
260
240
100
200
50
150
1,000
Grading Scale:
90 - 100%
=
A
(900 -1000 points)
80 - 89%
=
B
(800-899 points)
70 - 79%
=
C
(700-799 points)
60 - 69%
=
D
(600-699 points)
BELOW 60% =
F
(0 to 599 points)
FX (Failure due to non-attendance), IP (In Progress), W(Withdrawn), I(Incomplete), AUD (Audit)
Textbook and Related Material (Required):
The required textbook for this course is Financial Accounting, Information for Decisions (5th Edition) by Wild,
Shaw, and Chiappetta. You will also be required to complete a variety of assignments that will be delivered via
McGraw-Hill Connect.
This course will use the book publisher McGraw-Hill Connect Plus Learning Module for all on line assignments.
All grades in Connect are based on 100 points a chapter, entered into your Grade Book as 26% of your total grade.
You could bring your laptop to class.
Once you have purchased your materials from the bookstore or if you are ready to purchase access directly online,
go to the appropriate registration page for your section listed below:
http://connect.mheducation.com/class/e-strasser-king-fall-2014---tth---1.00pm
To register, confirm that you are on the appropriate page by reviewing the course and section information listed on
the site. If the course and section information listed are correct, click on the “Register Now” button, and follow the
instructions on the site to complete your registration.
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If you run into any technical difficulties, please call McGraw-Hill’s Customer Experience Group by dialing
1(800)331-5094 or submit the “Contact Us” form found online at www.mhhe.com/support. As instructor, I cannot
help resolve technical problems.
Academic Honesty:
Students should conduct themselves with integrity in fulfilling course requirements. Penalties and/or disciplinary
proceedings may be initiated against a student accused of scholastic dishonesty including, but not limited to;
cheating, plagiarism, and collusion. Anyone caught cheating will be given an F on that assignment and possibly an F
in the course. A report of the incident will also be submitted to all appropriate school authorities.
I try to ensure that all students compete on a level playing field through teaching, grading, and enforcement roles.
You are expected to be familiar with the College's Policy on Academic Honesty.
Possible punishments for academic dishonesty may include a grade of 0 or F in the particular assignment or course,
and/or recommendation for probation or dismissal from the College System. (See the Student Handbook).
Attendance:
It is important that you are in attendance in Class by September 8 , 2014 because I am obligated to report
attendance to the registrar's office by that date. If you have not reported for class by September 8, 2014 you
will be considered as never attended class and the registrar's office will drop you from this course.
Class attendance is checked daily. Although it is your responsibility to drop a course for non-attendance, the
instructor has the authority to drop you for excessive absences.
A student may be dropped from any course for excessive absences after the student has accumulated absences of
12.5 % of the hours of instructions.
Students are responsible for all work, assignments, and material discussed in class, whether the student is present or
absent.
Tardies are disruptive to the instructor and the other students and will be counted as an absence. Once roll is taken
and the lecture begins, an instructor may decide that students do not enter the class room closing the class room door
and posting a note requesting that students do not enter the class whilst in session.
You do not have to notify the instructor prior to missing a class. However, if this happens too many times, you may
be dropped from the class.
Drops and Withdrawals: HCC Course Withdrawal Policy (updated 7/26/2010)
To help you avoid having to drop/withdraw from any class, contact your professor regarding your academic
performance. You may also want to contact your counselor to learn about helpful HCC resources (e.g. online
tutoring, child care, financial aid, job placement, etc.).
 Students should check HCC’s Academic Calendar by Term for drop/withdrawal dates and deadlines.
 If a student decides to drop or withdraw from a class upon careful review of other options, the student can
drop online prior to the deadline through their HCC Student Service Center:
https://hccsaweb.hccs.edu:8080/psp/csprd/?cmd=login&languageCd=ENG
Before withdrawal, meet with the instructor or counselor to discuss why you feel it is necessary to do so. The
instructor or counselor may be able to provide you with suggestions that would enable you to complete the course.
You must withdraw PRIOR to the withdrawal deadline to receive a “W” on your transcript.
If you do not withdraw before the deadline, you will receive the grade that you have earned to date. Zeros averaged
in for required assignments/tests not submitted will lower your semester average significantly, most likely resulting
in a failing grade (“F”).
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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 HCC counselors that you
might fail a class because of excessive absences and/or poor academic performance.
Incompletes:
It is my policy not to give a grade of “I” (incomplete), except in exceptional circumstances.
HCC Student Services Information
Link: http://www.hccs.edu/hcc/System%20Home/Departments/Student_Handbook/student_policies.pdf
Use of Camera and/or Recording Devices
As a student active in the learning community of this course, it is your responsibility to be respectful of the learning
atmosphere in your classroom and not use these devices in the classroom unless you receive permission from the
instructor.
Students with disabilities who need to use a recording device as a reasonable accommodation should contact the
Office for Students with Disabilities for information regarding reasonable accommodations.
EGLS3 -- Evaluation for Greater Learning Student Survey System
During a designated time near the end of the term, students are asked to answer a short online survey of researchbased 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.
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