Wake Technical Community College
Business Technologies Division
Course Syllabus ACC 120 Principles of Financial Accounting
Instructor:
Office location:
Telephone:
E-mail:
Office hours:
Class days/times/location:
Required Text/Supplies
Textbook
Please check with your instructor to see if Connect is a requirement for your class.
If Connect IS a requirement for your class:
If you prefer a hard copy of the book:
Financial Accounting, 2nd Edition with Connect Plus
Spiceland, Thomas, Hermann
McGraw-Hill Publishers
ISBN: 0077480007
Note: Use website provided by instructor to access Connect.
If you prefer an e-book:
Connect Plus with Interactive E-Book
ISBN: 0077328191
Note: Use website provided by instructor to access Connect.
If you purchase a book that does not have a Connect access card, you will also need to
purchase:
Connect Access Card
ISBN: 0077328280
Note: Use website provided by instructor to access Connect.
If Connect is NOT a requirement for your class:
If you prefer an e-book:
E-Book only
ISBN: 0077328302 http://www.coursesmart.com
1-877-833-5524 (Course Smart E-Commerce Help Desk).
If you prefer a hard copy of the book:
Textbook only
ISBN: 0078110823
Optional: Working Papers
ISBN: 0077328252
Supplies/Software
Contact the instructor.
Course Usage of Blackboard
Copies of the course syllabus and major assignments may be found on Blackboard. You are
responsible for regularly checking the online resources, which are accessed through
http://dist-ed.waketech.edu (opens in a new window).
Course Description
This course introduces business decision-making using accounting information
systems. Emphasis is placed on analyzing, summarizing, reporting, and interpreting
financial information. Upon completion students should be able to prepare financial
statements, understand the role of financial information in decision-making and
address ethical considerations.
Student Learning Objectives
The purpose of this course is to introduce business decision-making using accounting
information systems. Course content will focus on core skills needed to analyze,
summarize, report, and interpret financial information. Students will:
1. Define accounting and business terminology.
2. Analyze the impact of external transactions on the accounting equation.
3. Record transactions using debits and credits.
4. Identify the information conveyed in each of the four primary financial statements
and prepare a balance sheet, income statement, statement of stockholder's equity
and statement of cash flows.
5. Identify controls over cash receipts and cash disbursements.
6. Reconcile a bank statement.
7. Record accounts receivable and estimate future uncollectible accounts.
8. Determine the cost of goods sold and ending inventory using different inventory
cost methods.
9. Record inventory transactions using a perpetual inventory system.
10. Identify the major types of property, plant and equipment and calculate depreciation.
11. Distinguish between current and long term liabilities.
12. Identify the characteristics of bonds.
13. Record the issuance of stock and the payment of dividends.
14. Identify the three fundamental business activities that financial accounting measures.
15. Compute key financial ratios related to a company’s risk and profitability.
16. Describe ethical considerations.
Prerequisite(s): None
Corequisite(s): None
Credit Hours: 4
Assignments and Grading Policy
Due dates and assignments can be found on the course schedule/outline.
The final grade will be determined by the instructor under the following guidelines. The
average of all test/ quiz grades will comprise a minimum of 60% of the final grade. Other
assignments will comprise a maximum of 40%of the final grade. Other assignments may
include any combination of the following components: homework, research, projects,
continuing problem, and/or participation.
A = 90-100 B = 80-89 C = 70-79 D = 60-69 F = 59 or less
Final Exam Date/Time/Location
(TBA) College Policies and Campus
Resources
Email Policy
Wake Tech requires that every student use the provided my.waketech.edu e-mail account
for all school related correspondence. Your instructors will not respond to e-mail from any
other source. Do not forward my.waketech.edu e-mail to other accounts. Replies sent from
most forwarded e-mail will not appear to come from your my.waketech.edu account and will
not be acknowledged by your instructor. This is a strictly enforced school policy. Please
review e-mail information carefully. If you have questions or concerns regarding your Wake
Tech e-mail, contact Distance Education Support for guidance.
Code of Conduct
It is the student's responsibility to abide by Wake Tech's Student Code of Conduct (opens
in a new window) http://handbook.waketech.edu/files/studentrights.pdf
Free Adobe Acrobat PDF reader download opens in a new window
http://get.adobe.com/reader/?promoid=BUIGO. Violation of the Student Code of Conduct
will result in disciplinary action. The Code of Conduct includes the Academic Integrity
Policy.
Attendance Policy
It is the student’s responsibility to abide by the Wake Tech Attendance Policy (opens in a
new window) http://catalog.waketech.edu/pdfs/WakeTechCatalog.pdf (p. 39).
Disability Support Services
Disability Support Services is available for students who require academic accommodations
due to any physical, psychological, or learning disability. To determine eligibility, contact the
office at 124 Holding Hall or call 866-5670 (TDD 779-0668). Disability Support Services web
page (opens in a new window) http://disabilityservices.waketech.edu/
Core Values
In keeping with the college’s mission statement, this course will promote Wake Tech’s core
institutional values.
Accountability
Accountability is essential for an environment of learning. Those who are accountable stand
by their words and actions, taking full responsibility for what they create and for what they
contribute to the community.
Respect
Respect is a prerequisite for enhancing learning. Community members who respect
themselves and others help create a safe, yet open, climate of learning.
Responsibility
Instructor and students will foster an environment that actively promotes taking
responsibility for one’s actions and obligations.
Critical Thinking
Instructor and students will strive actively to improve the critical thinking skills of analysis,
synthesis, and evaluation-both in academics and in everyday actions.
Communication
Instructor and students will strive actively to ensure clear understanding in both written and
oral communications.
Collaboration
Instructor and students will strive to develop collaborative skills required in achieving team
goals.
Revised: 5/18/12
Tentative Course Schedule
ACC 120 Principles of Financial Accounting
(Note: subject to change with fair notice.)
Week
Topics
1-2
Orientation, Chapter 1, (Learning Objectives 1-7)
3-4
Chapter 2, (Learning Objectives 1-6)
5
Chapter 3, (Learning Objectives 1-7)
6
Chapter 4, (Learning Objectives 1-6)
7-8
Chapter 5, (Learning Objectives 1-8)
9-10
Chapter 6, (Learning Objectives 1-8,10)
11
Chapter 7, (Learning Objectives 1-4, 6-7)
12
Chapter 8, (Learning Objectives 1-4, 6)
13
Chapter 9, (Learning Objectives 1, 2, 7)
14
Chapter 10, (Learning Objective 1-8)
15
Chapter 11, (Learning Objectives 1-4)
Optional
Chapter 12, (Learning Objectives 1-6)
16
FINAL EXAM WEEK, if applicable