Welcome to Metropolitan Community College
Syllabus
Accounting I
ACCT 1100 8A
COURSE ID: XL0O-F120-201Y-5K72 (This elliptical "0" is a zero)
4 Credits
SUMMER Quarter 2011
First Day of Class
JUN. 7, 2011
Last Day of Class
AUG. 11, 2011
Bill Jefferson
Phone (402) 738-4525
Office: South Campus MHY 110D
Bill Jefferson
Office: South Campus, Room 110D
METHODS OF CONTACTING INSTRUCTOR:
Metro office telephone number: (402) 738-4525 Voice mail: Bill Jefferson (402) 7384525 Toll free number: 1-800-228-9553 Response Time: Your instructors will usually
respond within 48 hours to questions posed by students. We strongly encourage the use of the
discussion feature of Angel for discussion and feedback from other students about learning
activities.
TECHNOLOGY SUPPORT:
If you have difficulty connecting to the Internet contact your Internet Service Provider.
Course Information
COURSE DESCRIPTION:
This is the first of three accounting principles courses emphasizing the fundamental principles of
the accounting information system. Students are provided balanced, comprehensive coverage of
financial topics, which incorporates current relevant business practices. The course content
acquaints students with the basic accounting cycle; linkage between the journal entry, the ledger
accounts, and the financial statements; the adjusting process; internal control; cash;
merchandising and inventories; and financial reporting.
COURSE PREREQUISITES:
Must be able to do the following:
1. Demonstrated skills using a word processing program.
2. The ability to navigate and use a browser as well as execute searches on the Internet is
necessary.
COURSE OBJECTIVES: Upon completion of this course, the student will demonstrate
the following competencies
1. Analyze, journalize, and post entries for both a service and merchandising
business
2. Prepare financial statements (income statement, statement of owner’s equity,
and balance sheet) for both a service and merchandising business
3. Prepare a worksheet and demonstrate knowledge of the accounting cycle
Make adjusting and closing entries
4. Explain the costing of inventories, and distinguish between periodic and
perpetual inventory systems
5. Prepare a bank reconciliation
6. Define internal control and describe its components and limitations
7. Define IFRS and recognize its future importance
REQUIRED/SUPPLEMENTAL MATERIALS:
Textbook and other print materials can be purchased through the South Omaha Campus
bookstore.
Bookstore Phone: (402) 738-4508
Shop online:
http://shop.efollett.com/htmlroot/storehome/metropolitancommunitycollege141.html
1. Textbook: Accounting 8th edition, Horngren/Harrison authors, Required.
2. Myaccountinglab.com access code (Comes bundled with a new book purchased at
the Metro Bookstore. Required. In the event a used book is purchased or a new book
from another source other than an MCC bookstore is purchased you can go to
myaccountinglab.com to purchase a MyAccountingLab (MAL) access code NOTE: All
homework, quizzes and exams will be completed in My Accounting Lab (MAL). Your
access to MAL is for one (1) year. It and the text book will be used for Accounting I,
II & III.
COMPUTER ACCESS:
Every student should have access to a computer and an Internet Service Provider. You will need
to use a compatible browser.
COMPUTER REQUIREMENTS:
Your computer hardware, operating system, browser, and peripherals should accommodate
reasonable access speed to the Internet, support JAVA and frames, and display a minimum of
256 color.
Recommended PC Requirements:
at least a Pentium class processor 100Mhz or higher
32MB or more memory (RAM)
28.8 kbps or faster modem
Windows 2000, 2003, XP, or Vista
Instructor Responsibilities
METHODS OF ASSESSING STUDENT PROGRESS:
Your grade will be based on online assignments, quizzes, and test; and active participation online
with other students.
Course Structure and Assessment
Each student must:
Using Myaccountinglab.com software, complete graded assignments – one to two for
each chapter. (Total Points 230)
Using Myaccountinglab.com software, complete seven graded quizzes’ - one for each
chapter. (Total Points 70)
Using Myaccountinglab.com software, take four exams. Each exam covers two chapters
except the fourth exam which covers chapters 1 - 7 (Total Points 400)
Total of above points = 700
Extra Credit: There are 38 Extra credit points for completing Sample Problems.
Extra credit points can offset points lost on assignments, quizzes, and tests.
Grades will be based on the following scale:
A - 630 -700
points
B - 560 - 629
points
C - 490 - 559
points
D -420 - 489
points
F - Below 420
points
90%
80%
70%
60%
Below 60%
TESTS: There will be four objective/problem oriented exams. These exams will be taken
online within the Myaccountinglab.com web site. Exams will be available for 1 week. Exams
must be taken by the due date as listed on Myaccountinglab.com. The exams are limited to
135 minutes each. The computer will post exam grades shortly after you take the exam. Details
as to which questions were missed won't be released until after the deadline for taking the
exam has passed.
MAKE-UP TEST PROCEDURES: Make-up tests will not be given, except in extreme
situations. Plan ahead; do not wait until the last day to take a test. Make sure that your work and
vacation schedules are planned around testing dates. Discuss testing issues with the instructor.
ASSIGNMENTS: There are graded assignments and quizzes for each chapter.
Assignments should be completed by the indicated due dates. No assignments are accepted
after the last day of the course - exceptions to this policy are rare. Discuss assignment issues
with the instructor.
MAINTENANCE OF STUDENT RECORDS:
The instructor will keep a record of exam grades and assignment grades for one year.
STUDENT EXPECTATIONS:
Read and study the textbook, use supplements as desired. Read and study the text
material for each section. Take notes for yourself as you go outlining important ideas and
examples.
View and study the Power Point outlines located in the MyAccountingLab multi-media
library
View the video tutorials for each chapter
Review the Power Point presentations for each chapter
Keep in touch with your instructor and your classmates you are encouraged to be
touch with the instructor by telephone and Internet as deemed necessary. Your instructor
is available for several hours on campus during the week. You may drop in or call in
during that time. See Section I of this syllabus.
Work through the DemoDocs for each chapter
Use the Discussion tool to post questions and answer questions posed by other students.
Take advantage of this opportunity to interact with classmates.
Complete assignments and quizzes for each chapter.
Tests must be taken online during or by the time periods listed in the schedule
Students who attend no class meetings up to and including the Section Census Date
published in the Class Schedule at www.mccneb.edu/schedule/ may be disenrolled
from the class. There is no appeal for this disenrollment.
A student who fails to meet class attendance expectations may receive a final grade
mark of FX, indicating an absence-related failure, or a failing (F) grade. Under
ATTENDANCE/PARTICIPATION POLICY:
WX: After the first class meeting and through the Census Date, the instructor will
disenroll (WX) students who have never attended. The Census Date is listed under
the Important Dates for the course in the official Class Schedule at
http://www.mccneb.edu/schedule/.
FX: A student who fails to meet class attendance expectations will receive a final
grade of FX, indicating an absence-related failure. A student earning an FX grade
prior to the end of the quarter may avoid receiving the failing grade by withdrawing
from the course before the Last Date to Withdraw from Class.
STUDENT WITHDRAWAL:
If you cannot participate in and complete this course, you should officially withdraw
through WebAdvisor at http://webadvisor.mccneb.edu or by calling Central Registration
at 402-457-5231 or 1-800-228-9553. Failure to officially withdraw will result in either an
attendance-related failure (FX) or failing (F) grade. The last date to withdraw is noted in
the CLASS IDENTIFICATION section of this syllabus.
LEARNING SUPPORT
MCC's Academic Resource Centers, Math Centers, and Writing Centers offer friendly,
supportive learning environments that can help students achieve educational success. Staff
members in these centers provide free drop-in assistance with basic computing, reading,
math, and writing skills. Self-paced, computer-assisted instructional support in reading,
vocabulary, typing, English as a Second Language, and online course orientation is also
available.
Detailed information about the Academic Resource, Math, and Writing Centers is in the Student
Handbook, College Catalog, and online at http://www.mccneb.edu/arc/.
RECORDING IN THE CLASSROOM:
Students may not video or audio record class sessions without the instructor’s knowledge and
permission. If recording of class sessions is authorized as a reasonable accommodation under
Americans with Disabilities Act (ADA), the instructor must have the appropriate documentation
from College Disability Support Services. Permitted recordings are to be used only for the
individual student’s educational review of the class session and may not be reproduced, posted,
sold or distributed to others. Students who violate this policy are subject to disciplinary
procedures as outlined in the Student Conduct Code.
ACADEMIC HONESTY STATEMENT:
Students are reminded that materials they use as sources for classwork may be subject to
copyright protection. Additional information about copyright is provided on the library website
at http://www.mccneb.edu/library or by your instructor. In response to incidents of student
dishonesty (cheating, plagiarism, illegal peer-to-peer file sharing, etc.), the College imposes
specific actions that may include receiving a failing grade on a test, failure in the course,
suspension from the College, or dismissal from the College. Disciplinary procedures are
available in the Advising/Counseling Centers or at http://www.mccneb.edu/procedures/V4_Student_Conduct_and_Discipline.pdf.
RESPECT CLASSMATES:
When you use the communication tools in this course it is vital that your respect the opinions and
views of other students, refrain from slander and derogatory statements, and maintain the
confidentiality of thoughts and ideas expressed by other students. You may wish to take the
etiquette quiz and review the information at http://www.albion.com/netiquette/
INFORMATION SOURCES:
Information about the college can be accessed through the College Web Site
http://www.mccneb.edu/
TECHNOLOGY RESOURCES:
By using the information technology systems at MCC (including the computer systems and
phones) you acknowledge and consent to the conditions of use as set forth in the Metropolitan
Community College Procedures Memorandum on Acceptable Use of Information Technology
and Resources. It is your responsibility as a student to be familiar with these procedures. The
full text of the Procedures Memorandum may be found at the following website:
http://www.mccneb.edu/itprocedures.htm
PROGRAM AREA SUPERVISOR IDENTIFICATION: The Program Area Supervisor is
the person to contact with questions or Assignments which the instructor is not able to resolve to
the students satisfaction
Dean of Business: Daryl Hansen
Location: South Omaha Campus
Phone: (402) 738-4003
College Policies
College policies, such as student rights and responsibilities, academic standards, plagiarism, and
etc. are outlined in the College Catalog and Student Handbook. This information can be
accessed via the online catalog at http://www.mccneb.edu/academics/catalog.asp.
Instructor Initiated Withdrawal The instructor may drop (Withdraw) any student from
the class when the student is not attending or completing the required activities. Getting dropped
is not automatic; the instructor will use discretion and consider the circumstances. In making
this decision, the instructor will consider whether or not the student has completed required tests
in a satisfactory manner. Students who have excessive absences and failing exam and/or lab
scores are usually dropped. If you are missing class, communication with the instructor is
essential.
Student Code of Conduct The college has a standard code of conduct that involves
consequences for specific academic and non-academic behavior that may result in a failing
grade, probation, or suspension from the college. More complete information about the code of
conduct is located in the Student Services portion of the online catalog
(http://www.mccneb.edu/catalog/studentinformation.asp).
ACCOMMODATIONS FOR STUDENTS WITH DISABILITIES:
If you have a disability that may substantially limit your ability to participate in this class, please
contact a Disability Support Services Counselor located in the Student Services Office on each
campus. Metropolitan Community College will provide reasonable accommodations for persons
with documented qualifying disabilities. However, it is the student’s responsibility to request
accommodations. For further information, please visit http://www.mccneb.edu/dss/ and/or
contact Student Services.
Course Schedule
Due Dates for Exams & Assignments (Also listed in the Angel Calendar)
1.
Chapter assignments, extra credit sample assignments, and quizzes are always due on Thursdays. Chapter assignments, extra credit sample
assignments, and quizzes are available and can be completed any time prior to their due date. Assignments and quizzes are time consuming – start
assignments and quizzes far ahead of the due dates.
2.
Exams are always due on Sundays. Exams become available 10 days prior to their due date and can be taken anytime during the 10-day
availability period.
Week #
Due Date
Chapter
1. June 6- 12
2 June 13 - 19
Chapters 1 & 2
Do not delay your preparation and participation in this
course. Read the Syllabus and Start the course with
Chapters 1 & 2 Prepare and Post in Angel your
introductory posting.
Chapter 1 & 2
Work on Assignments
June 16
3 June 20 - 26
Due Date for Introductory Posting in Angel
June 23
Chapters 1 & 2
Homework and Quizzes for Chapters 1 & 2 are due
June 26
Chapters 1 & 2
Discussion Postings for Chapter 1 & 2 are due
Exam 1 over chapters 1 & 2 is due
Chapters 3 & 4
Work on Assignments
July 7
Chapters 3 & 4
Homework & Quizzes for Chapters 3 & 4 are due
July 10
Chapters 3 & 4
Discussion Postings for Chapter 3 & 4 are due
Exam 2 over chapters 3 & 4 is due
Chapters 5 & 6
Work on Assignments
Chapters 5 & 6
Work on Assignments
Chapter 5 & 6
Homework & Quizzes for Chapters 5 & 6 are due
4 June 27 July 3
5 July 4 - 10
Test or Assignment
6 July 11 - 17
7 July 18 - 24
8 July 25 - 31
July 28
Chapter 5 & 6
Discussion Postings for Chapter 5 & 6 are due
Exam 3 over chapters 5 & 6 is due
Chapters 7
Work on Chapters 7
August 11
Chapter 7
Homework & Quiz for Chapters 7 is due
August 14
Chapters 7
Discussion Posting for Chapter 7 is due
Exam 4 over chapters 7 and Cumulative is due.
July 31
9 August 1 - 7
10 August 8 - 14
August 15
This day will only be used for follow up communication.
2011 Summer Quarter Important Dates
Classes begin for 10-week and first 5-week sessions .................................................. June 6 M
Independence Day Recess (College Closed………………………………………………………………………July 4 M
Classes End for first 5-week sessions .......................................................................... July 11 M
Classes Begin for second 5-week sessions ................................................................... July 12 T
Student Withdrawal Deadline to drop a class ......................................................... Varies by class*
Spring Term Incomplete “I” Grades Due ........................................................................ August 3 W
Classes end for second 5-week and 10-week sessions ........................................... August 15 M
All Final summer grades due and posted to WebAdvisor by 11:59 p.m. ………………….August 17 W
*To view the Last Day for a student to withdraw “drop” a class; go to the class schedule found
on line at http://www.mccneb.edu/schedule/classschedule.asp. Then, find the course section
and click on the Important Dates link on the same line as the course title. The refund/withdraw
dates for each course section are automatically calculated based on the start and end dates and
the number of sessions for a course. A student must withdraw by this date to avoid being
assigned a grade of “F”.
REFUND POLICIES for Credit Courses
A student is responsible for withdrawing “dropping” from a course(s) if unable to attend. Nonattendance or non-payment does not relieve a student from the obligation to pay. To withdraw
“drop” from a course, log on to WebAdvisor https://webadvisor.mccneb.edu and click
“Register and Drop Sections”.
An official schedule change that reduces or terminates a student’s academic credit load may
entitle the student to a refund. The eligibility and amount of a refund is automatically
calculated by the date of the withdrawal. A student may see the refund percentage received
through midnight of the same day by logging into WebAdvisor and clicking on the Tuition
Refund Calculator. Note: Schedule changes may have implications for students on Financial
Aid. Check with the Financial Aid Office prior to any schedule changes at 402-457-2330.