Course Syllabus
Principles of Accounting I
ACCT 2301
Semester with Course
Reference Number
(CRN)
Principles of Accounting I
CRN # 48756
Instructor contact
information (phone
number and email
address)
Debbie P. Payne
Southeast Campus – Workforce Building
debbie.payne@hccs.edu
Office Location and
Hours
By appointment
Course Location/Times Southeast Campus – Workforce Building
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)
16
Type of Instruction
Lecture
Course Description:
This course covers the fundamentals of financial accounting, including double-entry
accounting and the accounting cycle. Other topics include cash, receivables,
inventories, plant assets, liabilities, partnerships, corporation, investments,
statement of cash flows and interpretation of financial statements.
Course Prerequisite(s)
PREREQUISITE(S):

ACNT 1303
FREQUENT REQUISITES

Departmental approval
Academic
Discipline/CTE
Program Learning
Outcomes
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.
Course Student
Learning Outcomes
(SLO): 4 to 7
1. Illustrate accounting for service & merchandising business
2. Illustrate reporting for assets & current liabilities
3. Illustrate reporting & analysis of financial statements
Learning Objectives
(Numbering system
should be linked to
SLO - e.g., 1.1, 1.2, 1.3,
etc.)
Illustrate accounting for service & merchandising business
1. Illustrate accounting cycle for one period for service business
2. Journalize & post transactions using subsidiary ledgers & special journals
3. Journalize adjustments & closing for merchandising business
Illustrate reporting for assets & current liabilities
1. Report Current Assets in Balance Sheet
2. Report Fixed & Intangible assets in Balance Sheet & Income Statements
3. Journalize current liabilities
Illustrate reporting & analysis of financial statements
1. Prepare statement of equity
2. Report bonds in Balance Sheet
3. Report securities in balance sheet
4. Prepare statement of cash flows
5. Compute analytical measures
SCANS and/or Core
Curriculum
Competencies: If
applicable
Core Curriculum Competencies:
Illustrate accounting for service & merchandising business
Intellectual - Mathematics
Intellectual - Reading
Intellectual - Writing
Intellectual - Speaking
Intellectual - Listening
Intellectual - Critical Thinking
Intellectual - Computer Literacy
Perspectives - 5. Develop personal values for ethical behavior;
Perspectives - 7. Use logical reasoning in problem solving;
Illustrate reporting for assets & current liabilities
Intellectual - Mathematics
Intellectual - Reading
Intellectual - Writing
Intellectual - Speaking
Intellectual - Listening
Intellectual - Critical Thinking
Intellectual - Computer Literacy
Perspectives - 5. Develop personal values for ethical behavior;
Perspectives - 7. Use logical reasoning in problem solving;
Illustrate reporting & analysis of financial statements
Intellectual - Mathematics
Intellectual - Reading
Intellectual - Writing
Intellectual - Speaking
Intellectual - Listening
Intellectual - Critical Thinking
Intellectual - Computer Literacy
Perspectives - 5. Develop personal values for ethical behavior;
Perspectives - 7. Use logical reasoning in problem solving;
Instructional Methods
Web-enhanced (49% or less)
Hybrid (50% or more)
Distance (100%)
Face to Face
Student Assignments
Illustrate accounting for service & merchandising business
No assignments selected for this outcome
Illustrate reporting for assets & current liabilities
No assignments selected for this outcome
Illustrate reporting & analysis of financial statements
No assignments selected for this outcome
Student Assessment(s)
Instructor's
Requirements
Program/Discipline
Requirements: If
applicable
HCC Grading Scale:
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
B = 89 - 80:
C = 79 - 70:
D = 69 - 60:
59 and below = F
FX (Failure due to non-attendance)
IP (In Progress)
W (Withdrawn)
I (Incomplete)
AUD (Audit)
4 points per semester hour
3 points per semester hour
2 points per semester hour
1 point per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
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.
FINAL GRADE OF FX: Students who stop attending class and do not withdraw
themselves prior to the withdrawal deadline may either be dropped by their professor
for excessive absences or be assigned the final grade of "FX" at the end of the
semester. Students who stop attending classes will receive a grade of "FX",
compared to an earned grade of "F" which is due to poor performance. Logging into a
DE course without active participation is seen as non-attending. Please note that
HCC will not disperse financial aid funding for students who have never attended
class.
Students who receive financial aid but fail to attend class will be reported to the
Department of Education and may have to pay back their aid. A grade of "FX" is
treated exactly the same as a grade of "F" in terms of GPA, probation, suspension,
and satisfactory academic progress.
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.
Health Sciences Programs Grading Scales may differ from the approved HCC
Grading Scale. For Health Sciences Programs Grading Scales, see the "Program
Discipline Requirements" section of the Program's syllabi.
Instructor Grading
Criteria
Instructional Materials
Wild/ Financial & Managerial Accounting; 5th. Edition; Chapters 1-12
w/ConnectPlus Loose-Leaf Publisher: MHHE
HCC Policy Statement:
Access Student
Services Policies on
their Web site:
http://hccs.edu/student-rights
EGLS3 -- Evaluation for At Houston Community College, professors believe that thoughtful student feedback
is necessary to improve teaching and learning. During a designated time near the
Greater Learning
Student Survey System 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
DATE
1/19
1/26
DAY
Mo
Mo
2/02
2/09
2/16
2/23
3/02
3/09
3/16 – 3/22
3/23
Mo
Mo
Mo
Mo
Mo
Mo
Mo
Mo
3/24
3/30
Tu
Mo
4/06
4/13
Mo
Mo
4/20
Mo
4/27
5/03
5/04
5/10
5/11
5/15
Mo
Su
Mo
Su
Mo
Fr
ACCT 2301-Spring2015 HCC Regular Start
See Connect for online assessment due dates
Ch
TOPIC
MLK Holiday (All HCC campuses closed)
1
Introduction
Introducing Accounting in Business
Regular Term (RT) Official Date of Record
2
Analyzing and Reporting Transactions
President’s Day (All HCC campuses closed)
3
Adjusting Accounts and Preparing Financial Statements
4
Accounting for Merchandising Operations
Class
Exam #1 (chapters 1 – 4)
Spring Break
5
Inventories and Cost of Sales
6
Cash and Internal Controls
Last Day to Withdraw with a "W" @ 4:30 pm
7
Accounts and Notes Receivables
8
Long Term Assets
Class
Exam #2 (chapters 5 – 8)
9
Current Liabilities
10
Long Term Liabilities
11
Corporate Reporting and Analysis
12
Reporting Cash Flows
Class
Exam #3 (chapters 9 – 12)
Instruction Ends
Class
Final Exam (chapters 1 – 12)
Spring Semester Officially Ends
Grades due to admin @ 12noon
Grades available on line
Chapter
Type
Connect
Pts
1
Learn Smart
Quiz
Total
LS
20
80
100
2
Learn Smart
Exercises
LS
2-1
2-4
2-5
2-6
2-8
2-10
20
3
6
16
6
9
20
20
100
Quiz
Total
3
Learn Smart
Exercises
LS
3-1
3-2
3-5
3-6
3-7
Quiz
Total
4
Learn Smart
Exercises
LS
4-2
4-3
4-4
Quiz
Total
1-4
Sectional Exam
5
Learn Smart
Exercises
Problem
20
2
20
6
17
15
20
100
20
20
7
10
20
100
100
LS
5-1
5-3
5-5
P5-3a
20
6
28
15
11
15 MC and 5 TF
15 MC and 5 TF
15 MC and 5 TF
10 MC
Comprehensive Problem
Quiz
Total
6
Learn Smart
Exercises
Problem
Quiz
Total
7
Learn Smart
Exercises
Problem
Quiz
Total
8
Learn Smart
Exercises
Problem
Quiz
Total
5–8
Sectional Exam
9
Learn Smart
Exercises
Problem
Quiz
20
100
LS
6-1
6-5
6-6
6-7
P6-2a
LS
7-3
7-7
7-8
7-9
P7-1a
LS
8-2
8-4
8-6
8-8
P8-6a
LS
9-1
9-2
9-3
9-6
9-8
P9-3a
20
10
4
21
5
20
20
100
8
3
5
10
30
20
100
20
6
14
14
11
15
20
100
15 MC and 5 TF
15 MC and 5 TF
15 MC and 5 TF
15 MC and 5 TF
100
10 MC
Comprehensive Problem
20
6
2
4
20
8
20
20
15 MC and 5 TF
Total
10
Learn Smart
Exercises
Problem
Quiz
Total
11
Learn Smart
Exercises
Problem
Quiz
Total
12
Learn Smart
Exercises
Problem
Quiz
Total
9 – 12
Sectional Exam
13
Learn Smart
Exercises
100
LS
10-2
10-3
10-4
10-5
10-6
10-7
P10-1a
LS
11-2
11-3
11-4
11-5
11-7
11-8
11-18
P11-2a
LS
12-3
12-5
12-7
P12-2a
20
18
8
8
4
7
6
9
20
100
20
8
8
4
4
4
8
18
25
20
100
20
12
5
8
35
20
100
100
LS
13-3
13-4
13-5
20
38
8
14
15 MC and 5 TF
15 MC and 5 TF
15 MC and 5 TF
10 MC
Comprehensive Problem
Quiz
Total
1 – 12
Final Exam
20
100
125
15 MC and 5 TF
10 MC
Comprehensive Problem