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North Seattle Community College
Accounting Department
ACCT201DL Financial Accounting I
Syllabus & Course Schedule – Fall Quarter 2010
Instructor:
Ron R. Woods
Class Hours:
Fully Online
Office:
Room No. IB2414A
Office Hours:
Walk in T- 12-1:30pm; Thu- 1-3pm
Email:
rwoods@sccd.ctc.edu (The Best Way to Contact me is via email)
Telephone:
(206) 527-5669
Also by Appointment
_____________________________________________________________________________________________________________________________ _________________________________
Textbook:
Financial Accounting, Jeffrey Waybright & Robert Kemp – Pearson Prentice Hall
ISBN-13: 978-0-13-606048-2
Home work Management: MyAccountingLab www.myaccountinglab.com
Other Learning Resources:
The course site at http://northseattle.angellearning.com contains the following resources:
a) Course Information (Syllabus, Detailed Schedule, Announcements etc)
b) Power-point slides
c) Chapter Notes
d) Select solutions for problems and exercises
e) Discussion Board
f) Articles and occasional industry referenced websites
Course Description:
ACCT&201 is the first in the sequence of two corporate financial accounting courses. In this
course the student identifies and applies the concepts, conventions, and generally accepted
accounting principles which underlie financial accounting reporting. Transaction analysis,
journal entries, the accounting cycle for both service and merchandising enterprises, and the
preparation of financial statements are emphasized.
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Course Objectives:
Attributes that are highly valued in the workplace are: the willingness and ability to learn,
discipline, integrity, self-motivation, adaptability, commitment, communication, teamwork,
timeliness and dependability. You can practice and develop these skills in this course.
Upon completion of this course, students should be able to:
1. Use quantitative reasoning processes to understand, analyze, and solve
accounting problems
2. Identify and apply the concepts conventions, and generally accepted
accounting principles which underlie financial accounting and reporting
3. Apply computer competency to produce internal and external accounting reports
4. Interact effectively with individuals and groups in an online environment
5. Access, evaluate, and utilize financial information from a variety of
sources and a variety of contexts
Class Format:
This is an online course and includes individual problem solving, spreadsheet exercises,
participation in a discussion room, and four examinations all completed through the use of
email and/or online conferencing. If you need special arrangements in order to successfully
take this course please contact me immediately.
Time Commitment: You are expected to need about the same amount of time each week in
this online class as you would need to be successful in an on-campus class (without the
commute time, of course!) Please plan to devote a certain amount of time during each week
to completing your assignments and using the supplemental material posted in the weekly
folders. Do not wait until the night assignments are due to get started - active participation
in the discussion room throughout the week will enhance the course for everyone. If you
have questions or concerns, please email me and we will seek solutions.
Course Requirements:
It is essential that you keep up with the course. Each week we will cover a large quantity of
material which is interrelated. If you fall behind with the assigned readings, practice problems,
and home work, it will be very difficult to catch up. The best way to learn accounting concepts
is by practice; as such, readings and problems will be assigned and you are expected to do
the readings and practice the problems. These assignments will be the basis for on line
discussion, problem solving sessions and exams. Discussion Board participation will be
monitored in terms of quality, not quantity. You are also required to complete some
assignments and projects as part of a team.
You must have access to a compatible computer and software capable of receiving and
opening course related documents and programs.
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To be successful in this course you must set aside at least 4 to 6 hours of study time
every week.
Student Evaluation:
On line contributions, participation and overall demonstrated individual improvement in ones
understanding and use of accounting throughout the quarter will be monitored and considered
in assigning the final grade.
Student’s final grade will be determined as follows:
Homework & Online Participation
Writing and Analysis Assignments
Midterm Exams 1 & 2 (25 Pts each)
Final Examination
Total
15%
10%
50%
25%
100%
Group & Individual
There are no make-up exams
PLEASE NOTE:
Where applicable, CPA Exam Format Multiple Choice Questions and similar versions of CPA
Exam Simulation Questions are used for problems, quizzes, and exams.
Mid-Term & Final Examinations:
The Mid-term and Final exams are all administered on-line. They are timed exams with a
widow of usually 2 hours in which must log on and write the exam. Exam will contain Multiple
Choice Questions and Problems. The chapters covered n the exams are made clear in
advance. The Final Examination is not cumulative by design and covers only the
material covered since the mid-term exam. You have two hours to write the final exam.
Please check the Course Schedule for the date and time of the final examination.
Disciplinary & Other Issues:
Due Dates:
Must be followed. Late assignments are not accepted.
Group Assignments:
When required, failure to work in a group will result in an
automatic loss of 100% of the points for the group assignment.
Assignments:
All written submissions (HW, Case Analysis, and Ethics Reports)
should be in good, professional form with your full name
appearing at the top each page of work submitted.
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Rules/Laws:
College policies on unethical behavior, absences and other issues
apply to this class. Please consult the Official Catalog of NSCC
for further information.
Communications:
All changes and other important announcements will be
transmitted via ANGEL announcements feature. Please visit the
site regularly.
Netiquette – When communicating and posting comments in
ANGEL you are expected to show respect at all times. Think twice
before putting in print anything you would not say and defend in
person. Avoid using offensive or attack language and give others
the benefit of doubt if you feel offended. Most of your classmates
have good intentions and are here to learn. Contact me
immediately if you feel someone has violated netiquette.
Disabled Students:
NSCC has a long-standing policy on reasonable accommodation
for students with disabilities. If you are eligible please contact
student services for eligibility determination and necessary
accommodations.
Conflict Resolution:
It’s rare that a single course design or an instructional style will
meet the needs of all the students all the time. If you feel a need
to discuss issues you have in, or with the class please exercise
professional respect and speak with me first to see if we can
negotiate a resolution. Please refrain at all cost from discussing
personal issues, including grades on the discussion boards and
through “to all” emails
Respect for all:
This class is open to all who wish to learn and share ideas. The
class you are a part of values the wonderful diversity of people,
culture and ideas represented.
We agree to show respect for each other at all times while in this
class. Appropriate communication, language and mutual respect for
each other will be the rule. No Exceptions
**Failure to have a compatible computer and software capable of opening course
related documents and programs and/or ‘Library Access’ is not an acceptable excuse in
this course.
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ACCT201DL Fall 2010 – Financial Accounting I
Class Schedule
Instructor: Ron Woods
Important Note: This schedule is subject to change either at the class management discretions of the instructor
or because of unforeseen events. Read the very important information following the schedule grid. Homework
grading and assignments are farther explained. Also, read the syllabus for more detailed information on how
you are assessed and graded in this course. If you have questions contact me within the first five days of the
course. After 5 days, not understanding the schedule of assignments and due dates in not an acceptable
excuse missed, late or incomplete assignments.
Week
Dates
Readings
Assignments & Requirements
Due Dates:
Before
11:00pm
One
Sept 27-Oct 3
Chapter 1
DQ 5, 6, 7, 8 & 10
SE
Two
Oct 4-10
Continue
Ch 1 Activities
Chapter 2
Chapter 1 activities continued
Three
10/10
Oct 11-17
Four
Oct 18-24
Continue
Ch 2 Activities
Chapter 3
10/24
Five
Oct 25-31
Six
Nov 1-7
Continue
Ch 3 Activities
Chapter 4
11/7
Seven
Nov 8-14
Eight
Nov 15-21
Continue
Ch 4 Activities
Chapter 5
11/21
Nine
Nov 22-28
Ten
Nov 29-Dec 5
Continue
Ch 5 Activities
12/5
Eleven
Twelve
Dec 6-12
Dec 13-16
Chapter 6
Monday 12/13
Last day of
class
Dec 15 is
Your
final
exam day
Final Exam is
timed so plan
accordingly
Final Exam
All outstanding assignments due
by 11:00pm Monday 12/13
Log on to ANGEL to take a timed
final exam between 9am and 9pm
12/13 is the
last day of
class
Assignments
due for Ch. 6
Available on
ANGEL
between
9am-9pm
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Home Work Assignment Key
DQ:
SE:
E:
P:
EIA
FA
IA
SBA
CP
Discussion Questions
Short Exercises
Exercises (Group A & B)
Problems (Group A & B)
Ethics in Action
Financial Analysis
Industry Analysis
Small Business Analysis
Comprehensive Problem
All homework and assignments are due on or before the due date and time listed above. You have on
average two weeks per chapter to complete the assignments so plan accordingly as you will not be able to turn
in late assignments. No exceptions
Note:
All regular home work assignments like problems and exercises, unless told otherwise, are to be
completed and submitted in MyAccountingLab. Grading and feedback of these assignments is done
through MyAccountingLab.
Writing and communication assignments, like Discussion Questions, Ethics, Financial Analysis,
Industry Analysis and Small Business Analysis are submitted via the ANGEL Drop Box feature found
under the lessons Tab of this online course. Grading and feedback of these assignments is done by the
instructor and communicated via ANGEL.
If you are near campus please plan to attend the Excel work shops conducted by the Accounting
Tutors & Coaches if you need assistance using excel for accounting purposes. Also plan to visit the
Accounting Tutors Lab if you need tutorial help in this class.
QUIZZES:
All quizzes are administered and taken via MyAccountingLab. They are also graded via the same. Please
plan accordingly before logging on to take a quiz.
EXAMS:
For examination purposes you are responsible for all materials assigned in this schedule even
though we may not cover all the materials or have assignments reinforcing concepts in the book.
Ask questions and seek clarifications in advance of exams if materials and concepts are not clear.
However, you can expect that about 85-90% of exams will reflect materials covered via
homework and assignments. The other 10-15% of the exams will come from your reading of the
textbook and general understanding of accounting.
The Mid-term and Final exams are available on ANGEL. They are timed exams which mean that
when you log on to take the exam you have a set time to finish the exam. When made available,
please read information related to the exams carefully and follow the instructions.
You can not reschedule to take these exams so plan your time accordingly.