Course Syllabus Introduction to Accounting I ACNT 1303 Dean: Dr. Maya Durnovo Department Chair: Mel McQueary HCCS-Accounting Program Coordinator: Dr. Marina Grau Spring 2013, 33321 Semester with Course Reference Number (CRN) Ercan.sinmaz@hccs.edu; Phone: 713-718-8251 Instructor contact information (phone number and email address) Office Location and Hours Katy Campus -345; T-Th 7 AM to 8:00 AM or After class Course Location/Times Alief-hayes Room B112; M-W 7 PM-9 PM 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) 12 Weeks Type of Instruction Lecture Course Description: A study of analyzing, classifying, and recording business transactions in a manual and computerized environment. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations, and payroll. Coverage also includes the fundamental principles of double-entry bookkeeping, financial statements, trial balances, worksheets, special journals, adjusting entries and closing entries. Course Prerequisite(s) FREQUENT REQUISITES Academic Discipline/CTE Program Learning Outcomes MATH 0306 (Basic Math Pre-Algebra) GUST 0342 (9th -11th Grade Reading) ENGL 0300 or 0347 1. Students will be able to read, listen, speak, and write proficiently in preparation for presentations with clients, accounting firms and compliance work. 2. Students will demonstrate complete understanding of the complete accounting cycle. 3. Students will be able to prepare financial statements and tax returns utilizing computerized software packages, ie. Turbo Tax, Peachtree, and/or Quick Books. 4. Students will be able to reconcile and verify account balances, audit for internal control, and prepare financial statements. 1. Students will perform accounting for service business Course Student 2. Students will perform accounting for cash and payrolls Learning Outcomes (SLO): 4 3. Students will perform accounting for merchandising business to 7 Learning Objectives (Numbering system should be linked to SLO e.g., 1.1, 1.2, 1.3, etc.) Students will perform accounting for service business 1. Students will record business transactions in column form 2. Students will record business transactions directly in T accounts 3. Students will record business transactions in two-column general journal 4. Students will complete a work sheet involving adjustments 5. Students will journalize & post closing entries Students will perform accounting for cash and payrolls 1. Students will reconcile bank statement 2. Students will calculate deductions & net pay, from gross pay 3. Students will calculate & journalize payroll tax expense Students will perform accounting for merchandising business 1. Students will prepare schedule of accounts receivable 2. Students will journalize & post special journals 3. Students will record adjustments in work sheet 4. Students will prepare classified income statement SCANS and/or Core Curriculum Competencies: If applicable SCANS Students will perform accounting for service business 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 perform accounting for cash and payrolls 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 perform accounting for merchandising business 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 Face to Face This class will be using Eagle On Line. https://hccs1.mrooms3.net/login/index.php Student Assignments Students will perform accounting for service business Papers Projects Portfolios Students will perform accounting for cash and payrolls Papers Projects Portfolios Students will perform accounting for merchandising business Papers Projects Portfolios Student Students will perform accounting for service business Assessment(s) 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 perform accounting for cash and payrolls 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 perform accounting for merchandising business 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 Program/Discipline Requirements: If applicable 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 4 points per semester hour B = 89 - 80: 3 points per semester hour C = 79 - 70: 2 points per semester hour D = 69 - 60: 1 point per semester hour 59 and below = F 0 points per semester hour FX (Failure due to non-attendance) 0 points per semester hour IP (In Progress) 0 points per semester hour W (Withdrawn) 0 points per semester hour HCC Grading Scale: I (Incomplete) 0 points per semester hour AUD (Audit) 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. 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. Instructor Grading Criteria Evaluation Requirements: Connect Exercises and Problems 589 Connect Chapter Exams Final Exam Total 911 points 500 points 2000 points Grading Scale: 90 - 100% 80 - 89% 70 - 79% 60 - 69% BELOW 60% Instructional Materials = = = = = A B C D F (1800 - 2000 points) (1600 - 1799 points) (1400 - 1599 points) (1200 - 1399 points) ( 0 to 1199 points) Wild, College Accounting ch1-14, 2e, Loose-Leaf with ConnectPlus, McGraw-Hill You will also be required to complete a variety of assignments that will be delivered via McGraw-Hill Connect, an innovative online learning system proven to help students achieve greater success 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 NOTE: The syllabus is subject to change. When changes occur the instructor will advise the students during class time. It will be the students responsibility when absent to check with the instructor or students for announcements. ACNT 1303 HCC Spring 2012 See Connect for all chapter assessments and homework due dates CHAPTERS TOPIC 1 Introduction to Accounting 2 Accounting for Business Transactions 3 Applying Double Entry Accounting 4 Preparing for General Journal And General Ledger 5 Adjusting Accounts and Preparing Financial Statements 6 Closing Process and Financial Statements 7 Fraud, Ethics, and Controls 8 Cash and Cash Controls 9 Employee Earnings, Deductions, and Payroll 10 Employer Payroll Tax Reporting 11 Merchandising Sales and Accounts Receivable 12 Merchandise Purchases and Accounts Payable 13 Merchandiser's Adjustments and Trial Balance 14 Merchandiser's Financial Statements and the Closing Process Chapter 1 2 Type ExercisesProblems None Total Connect Exercises 2-1 2-4 2-7 2-8 2-11 2-14 Total 3 Exercises Pts Pts MC/TF 100 3 4 7 6 5 15 40 3-2 3-3 3-13 3-6 Connect MC and TF-Exam 27 11 4 4 10 TF @ 5 pts 10 MC @ 5 pts Part 1 = 1 Part 2= 1 Part 3 = 2 MC and TF 5 TF @ 3 pts 60 15 MC @ 3 pts Total 4 Exercises 1-4 ProblemOverview 5 Exercises Problem 46 4-7 4-9 4-12 6 Exercises 7 None 8 Exercises Problem 9 10 Problem Problem 43 P4-1 100 5-2 5-4 5-2 10 5 31 46 6-3 6-6 20 20 Total 40 8-5 8-8 8-9 8-3 9 10 4 17 Total 40 9-1 9-2 26 14 Total 40 10-3 31 Total 3 TF @ 3 pts 31 MC and TF 15 MC @ 3 pts 54 26 10 7 Total Total MC and TF Part A = 3 Part B = 4 4 TF @ 3 pts 15 MC @ 3 pots 57 Part 1 = 46 Part 2 = 37 Part 3 = 17 MC and TF 54 8 TF @ 3 pts MC and Tf 60 MC and TF 100 MC and Tf 60 MC and Tf MC and Tf 10 MC @ 3 pts 10 TF @ 3 pts 10 MC @ 3 pts 15 TF @ 4 pts 10 MC @ 4 pts 10 TF @ 3 pts 10 MC @ 3 pts Part A = 10 Part B = 4 15 TF @ 3 pts 5 MC @ 3 pts 60 11 TF @ 3 pts 69 12 MC @ 3 pts 11 12 13 14 Exercises Exercises Exercises Exercises Problem Total 11-1 11-6 11-8 8 18 17 MC and Tf Part A = 14 Part B = 3 15 TF @ 3 pts 4 MC @ 3 pts Total 43 57 12-1 12-2 12-3 12-7 Total 16 5 8 11 40 MC/TF 60 15 TF @ 3 pts 5 MC @ 3 pts 13-1 13-2 13-6 13-10 Total 6 10 8 16 40 MC/TF 60 10 TF @ 3 pts 10 MC @ 3 pts 14-5 14-6 14-3 Total 24 6 10 40 589 MC/TF 60 911 15 TF @ 3 pts 5 MC @ 3 pts 1500 Important Information 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 appropriate HCC Disability Support Service (DSS) Counselor at the beginning of each semester. Faculty is authorized to provide only the accommodations requested by the Disability Support Services Office Students who are requesting special testing accommodations must first contact the appropriate (most convenient) DSS office for assistance: Disability Support Services Offices: System: 713.718.5165 Central: 713.718.6164 – also for Deaf and Hard of Hearing Services and Students Outside of the HCC District service areas. Northwest: 713.718.5422 Northeast: 713.718.8420 Southeast: 713.718.7218 Southwest: 713.718.7909 To visit the ADA Web Site, log on to www.hccs.edu the click future students, scroll down the page to “How do I get in” and then click on the words “Disability Information”. For Current Students , scroll down the page to “Student Support” and then click on the words “Disability Information.” 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: 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: It is important that you come to class! Attending class regularly is the best way to succeed in this class. Research has shown that the single most important factor in student success is attendance. Simply put, going to class greatly increases your ability to succeed. You are expected to attend all lecture and labs regularly. You are responsible for materials covered during your absences. Class attendance is checked daily. Although it is your responsibility to drop a course for nonattendance, the instructor has the authority to drop you for excessive absences. If you are not attending class, you are not learning the information. The six hours of class time would include any total classes missed or for excessive tardiness or leaving class early. Therefore students are expected to attend classes on a regular basis and to be punctual. If a student has excessive absences, the instructor may withdraw the student from the class. 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. For example, in a 3 credit hour lecture class meeting 3 hours per week, a student may be dropped after 6 hours of absence. Students are responsible for all work, assignments, and material discussed in class, whether the student is present or absent. A student in a Hybrid class may be dropped after 3 hours of absence in a 3 credit course. A tardy will be counted as an absence. At the instructor’s discretion once roll is taken and the lecture is to begin, request that students do not enter the class room and if necessary close the class room door and post a note requesting that students not enter since the class is in session. Tardiness is disruptive to the instructor and the other students. You may decide NOT to come to class for whatever reason. As an adult making the decision not to attend, you do not have to notify the instructor prior to missing a class. However, if this happens too many times, you may suddenly find that you have “lost” the class. Poor attendance records tend to correlate with poor grades. If you miss any class, including the first week, you are responsible for all material missed. It is a good idea to find a friend or a buddy in class who would be willing to share class notes or discussion or be able to hand in paper if you unavoidably miss a class. Attendance is necessary for a student to achieve the objectives in this class. Drops and Withdrawals: HCC Course Withdrawal Policy (updated 7/26/2010) Beginning Fall 2007, the State of Texas imposes penalties on students who 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 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 Classes of other duration (mini-term, 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. . If you feel that you cannot complete this course, you will need to withdraw from the course prior to the final date of withdrawal. Before you withdraw from your course; please take the time to 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”). 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: To help students avoid having to drop/withdraw from any class, 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. It is your responsibility to visit with your professor or a counselor to learn about what, if any, HCC interventions might be available to assist you – on line tutoring, child care, financial aid, job placement, etc. – to stay in class and improve your academic performance. 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_polic ies.pdf Classroom 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. 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. To show respect of your fellow students and instructor, you will turn off your phone and other electronic devices, and will not use these devices in the classroom unless you receive permission from the instructor. Use of recording devices, including camera phones and tape recorders, is prohibited in classrooms, laboratories, faculty offices, and other locations where instruction, tutoring, or testing occurs. 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.