ACCOUNTING 2301
SYLLABUS
HOUSTON COMMUNITY COLLEGE
ACCT 2301 – PRINCIPLES OF ACCOUNTING I. This course covers the fundamentals of financial
accounting, including basic accounting principles, double-entry accounting, accounting for cash, accounts
receivable and notes receivable, inventories, fixed assets, liabilities and corporations.
Meeting days and time: Monday through Thursday 5:30 – 7:50 PM
Meeting place: West Loop Center Room C253
Course Reference Number: 12480
Instructor: Sarah Smith
Instructor of Accounting
Website: Eagle online, McGraw-Hill Connect
URL: http://connect.mcgraw-hill.com/class/s_smith_summer_2014_night_acct_2301
https://eo2.hccs.edu/login/index.php
Office hours: I teach part time and do not have an office. I am available after the class and by
arrangement.
Phone number: (713)261-4339
Email: sarah.smith@hccs.edu or sarahbethsmith1@aol.com
(preference is the aol address)
LAST DAY TO WITHDRAW:
“ School policy on withdrawals Houston Community College has a policy that, if a student has
enrolled in a class and dropped it more than 3 times, he may have to pay a raised tuition for that
class if he chooses to take it again.”
Course overview Catalog Description: The primary purpose of this course is to provide students with a
comprehensive course in financial accounting. The course is designed to meet the needs of those students who
are preparing for a career in accounting and for those from other academic disciplines who recognize that the
ability to use and interpret financial information is essential in today’s business world.
Textbook and related material
Required for the course: : Financial and Managerial Accounting Volume 1,. Wild, 5th edition.
McGraw-Hill Connect Accounting (purchase of access to Connect website.)

URL: : http://connect.mcgraw-hill.com/class/s_smith_summer_2014_night_acct_2301
MINIMUM REQUIREMENTS FOR THIS COURSE: The following list shows the minimum knowledge I
expect you to be able to demonstrate in order to receive a grade in this course. To this end, I will
structure my tests to evaluate you based on these items.
GRADE
MINIMUM ESSENTIAL
D
PREPARE INCOME STATEMENT AND BALANCE
SHEET.UNDERSTAND THE CHART OF ACCOUNTS AND
CHART OF ACCOUNTS ORDER. UNDERSTAND DEBITS
AND CREDITS.UNDERSTAND THE VARIOUS KINDS OF
ACCOUNTS (assets, liabilities, equities, revenues and
expenses)
C
ALL OF THE ABOVE, PLUS
MAKE ADJUSTING ENTRIES FOR DEPRECIATION,
PREPAID EXPENSES. CALCULATE DEPRECIATION USING
STRAIGHTLINE METHOD, PREPARE A BANK
RECONCILIATION,RECORD ISSUANCE OF STOCK AT
PAR VALUE.
B
ALL OF THE ABOVE, PLUS
ADJUST ACCRUED EXPENSES, CALCULATE BAD DEBT
EXPENSE USING PERCENTAGE OF SALES METHOD,
CALCULATE DEPRECIATION USING UNITS OF
PRODUCTION METHOD, COMPUTE SIMPLE INTEREST,
MAKE ADJUSTING ENTRIES TO CASH FROM A BANK
RECONCILIATION, CALCULATE ENDING INVENTORY
USING FIFO/LIFO/AVERAGE COSTING WITH PERIODIC
INVENTORY, RECORD ISSUANCE OF STOCK AT ABOVE
PAR, ALLOCATE DIVIDENDS AMONG PREFERRED AND
COMMON STOCKHOLDERS.
A
ALL OF THE ABOVE, PLUSCALCULATE BAD DEBT
EXPENSE USING ACCOUNTS RECEIVABLE PERCENTAGE
METHODS, CALCULATE ENDING INVENTORY USING
PERPETUAL INVENTORY, ACCOUNT FOR NOTES
RECEIVABLE ENTRIES, ACCOUNT FOR BONDS WITH
DISCOUNTS AND PREMIUMS, ACCOUNT FOR STOCK
DIVIDENDS, STOCK SPLITS, AND TREASURY STOCK.
PREPARE A STATEMENT OF CASH FLOWS USING THE
INDIRECT METHOD.
Evaluation and Requirements
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:
Evaluation Requirements
3 tests (drop one)
45
Final Exam
15
Class work
10
Homework Assignments
20
Excel assignment (in class)
Total
10
100 points
Bonus points
10
TESTS
There will be 3 tests. They will all be online.. They will consist of problems similar to the homework, and will
generally have 7-8 parts. You will have to work at least 5 parts. Tests will be timed at 2 hours. I will drop your
lowest test grade.
CLASS WORK – we will do some problems in class, and in addition, I will be calling on you as a class or in groups to
answer questions using Socrative Teacher. You will answer, if you are here, and your response will be logged into
the average for this grade. So at the end of the term, I have called on the class 20 times, and you have responded
18 out of those 20 times, then you will receive 9 points, or (18/20) x 10.
HOMEWORK ASSIGNMENTS
The homework assignments are online through the Connect website. There will be 12 assignments, but you will
have to turn in only 8 assignments. Each assignment takes a certain amount of time and has a deadline, so get
started with this and stay up with your work. In addition, the test problems will be very similar to the homework,
so if you can do well on the homework, it will certainly help you do well on the tests.
In addition, I am providing exercises in non-Connect format for you to use to practice for the test. These exercises
are for your benefit and will not be graded.
EXCEL ASSIGNMENT - we will go to the accounting lab and complete an excel worksheet. If you are familiar with
Excel, you will still need to pay attention to the directions I give. If you are not, I will help you get up to speed. You
will be graded for this assignment mainly on your use of formulas (that I will give you.)
FINAL - is NOT optional. It will be online.
CLASSWORK – we will do some work for a grade in class, either in groups or individually. This will be
worth 10 points. If you are not present, you will not get the points for that day.
MISTAKES – Everyone makes mistakes, myself included. I am trying this on a tentative basis: if, during
the course of my lecture, point out a mistake that I have made, (mathematical or otherwise) then I will
award you a bonus point. See rules below for bonus points. This needs to be my mistake, not one in
Connect. Be tactful if you can. If this practice proves to be disruptive to the class I will discontinue it.
BONUS POINTS – the way to earn bonus points is 1) to be on a winning team if we play a game for
bonus points, 2) to be present and participating in an exercise that will award all participants with a bonus
point, 3) to be on your toes and be the first to correct me (tactfully and with great amounts of respect) if I
make a mistake during a lecture or when I am putting a problem solution on the board. See below for
rules for 1) and 2). And 4) to do more than the required number of homework assignments.
RULES FOR 1) AND 2) - you must be present to win! And that means from the very beginning. We will
start any games or group exercises at any time during class, but mostly at the very beginning. If you are
not present when I have assigned teams or have made the assignment, then you MAY NOT PLAY AND
WILL NOT BE ELIGIBLE FOR A POINT. This means that if you are late, you will have to work harder on
the regular assignments to earn an A, or the grade of your choice.
ATTENDANCE - I will take attendance daily. If you are not present when I take attendance, please do
not ask me to count you present. If you miss more than once at the very beginning of the semester you
may be automatically dropped from the course. Do not ask me to petition for your re-enrollment by lying
about your presence in my class. After the date of record (about 2 weeks after the start of class) you will
not have to worry about this. But if you stop coming to class, do not expect me to drop you from the
class. This is your responsibility. The last day to drop the class with a W is November 1.
Grading scale
89-5-100
A
79.5-89.49
B
69.5-79.49
C
59.5-69.49
D
59.49 and below
F
BEHAVIOR IN THIS CLASSROOM – I take attendance daily. If you are late to class and I have already taken roll,
you will be counted as absent. If you leave early (unless you tell me first and have some extenuating
circumstances) you will be counted as absent. And if I see you texting in class, I will count you absent and may ask
you to leave and/or give you a zero for any in-class work for the day. Laptop computers are allowed, but if you use
your laptop, you must sit in the front row.
School withdrawal policy
It is the responsibility of each student to officially drop or withdraw from a course. Failure to officially
withdraw may result in the student receiving a grade of F in the course. A student may officially withdraw
in any of the following ways:
1) Complete an official withdrawal form at any HCCS campus.
2) Send a letter requesting withdrawal to:
Registrar
Houston Community College System
P.O. Box 667517
Houston, Texas 77266-7517
The withdrawal will be effective as of the date of the postmark. Withdrawals will not be accepted by
telephone..
Attendance – School policy and my policy
School Policy: A student may be dropped from any course for excessive absences after the student has
accumulated absences of 12.5% of the hours of instruction. For example, in a 3-credit hour lecture class
meeting 3 hours per week, a student may be dropped after 6 hours of absence.
My policy on attendance - if you stop coming to class I will NOT drop you. You will make an F if you do
not withdraw from the course.
Tentative Instructional Outline
Week No.
Chapter, what we will cover
Date
1
JUNE 2
1
JUNE 3
1
JUNE 4
1
Chapter 1 – Introduction to accounting. Definition of accounts and
account types. The accounting equation. Financial statements.
Chapter 2- double entry accounting. T-accounts Journal entries,
posting, trial balance , Chart of accounts
Jeopardy over previous day’s
lecture, syllabus
Chapter 3 – adjusting entries, adjusted trial balance, - closing entries,
the worksheet, classified balance sheet. Worksheet in class.
Chart of accounts sorting
game. Lisa Laurel Riding
Stables
Excel Worksheet in class – go to lab.
June 5-8 – Test 1 online over
Chapters 1, 2, and 3.
JUNE 5
2
Activities and
assignments may
include:
Watch Enron: The Smartest Guys in the Room.
JUNE 9
2
JUNE 10
2
Group assignment- do internal control problem and discuss the
movie.
Group assignment due during
class. I will have various
groups discuss different
questions.
Chapter 4 – Merchandising operations
JUNE 11
2
Chapter 5 – Inventory
JUNE 12
3
June 12 – June 15 – Test 2
online over Chapters 6
(internal controls) 4, and 5.
Chapter 6 – Cash
JUNE 16
3
Chapter 7 - Receivables
JUNE 17
3
Chapter 8 - Fixed Assets
JUNE 18
3
June 19 – June 22 – Test 3
online over Chapters 6-, 7
and 8.
JUNE 19
4
Chapter 9 – Current Liabilities
JUNE 23
4
Chapter 10 - Long Term Liabilities
JUNE 24
4
Chapter 11 - Corporations
JUNE 25
4
Corporations
JUNE 26
5
Chapter 12 – Statement of Cash Flows
JUNE 30
June 28 – July 1 – Final exam
online.
Incompletes
The grade of “I” (incomplete) is conditional and at the discretion of each instructor. If you receive an “I,”
you must arrange with your instructor to complete the course work by the end of the following term
(excluding summer.) After the deadline, the “I” becomes an “F”.
Students with disabilities-academic dishonesty
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 Disabilities Service Office at the
respective college at the beginning of each semester. Faculty is authorized to provide only the
accommodations requested by the Disability Support Services Office.
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.
My policy on academic dishonesty If I find that you have been cheating, I will lower your semester grade
by one letter and give you a zero on the test or assignment. If I find you have done it again, I will drop you
from the class with an F. This includes but is not limited to cheating on tests and turning in the solutions
manual as homework.
Accounting Department Website
Our website is www.hccs .edu
Tutoring/Lab Hours See your instructor for lab and tutor times.
Withdrawals-evaluations
School policy on withdrawals Houston
EGLS3 -- Evaluation for Greater Learning Student Survey System
At Houston Community College, professors believe that thoughtful student
feedback is necessary to Community College has a new policy that, if a student has enrolled in a class
and dropped it more than 3 times, he may have to pay a raised tuition for that class if he chooses to take
it again.improve teaching and learning. During a designated
time, 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 division 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.
This year, HCC with the help of the Faculty Senate is implementing the online
EGLS3 -- Evaluation for Greater Learning Student Survey System to replace the
paper SEOI, Student Evaluation of Instruction. More messages will come
throughout this semester.