Syllabus - Principles of Accounting 1 (2023)

WELCOME TO ACNT 1325

This course syllabus is tentative,and it is intended to provide you with the basic information about the course. It is subject to change. The updated course syllabus will be posted on the course site - ACC Blackboard on the 1st day of the class. Please make sure to check the course site - Blackboard on the 1st day of the course to read the course syllabus, to learn about the course in a great detail, and to go through the orientation process by following the orientation information provided on the course site.

I hope that all of you get excited about a new semester and about the course,and I am excited to be your instructor and looking forward to working with you for a rewarding semester.

Good luck with your preparation for a new semester.

Curse Descriptions and Objectives

A study of accounting concepts and their application in transaction analysis and financial statement preparation and analysis. Emphasis on the accounting cycle for service and merchandising enterprises. ACNT 1325 is designed for students who have completed a baccalaureate degree and working towards the educational requirements for the CPA exam. ACNT 1325 is not a guaranteed transfer course and cannot be transferred to a university. Principles of Accounting I Financial is a 3 credit hour course.

Upon completion of this course, the student will be able to “read” the financial statements of companies and understand information that is being conveyed.

Student Learning Outcomes

SCANS (Secretary’s Commission on achieving necessary skills): Please go to http://www.austincc.edu/mgmt/scans.php for complete definitions and explanation of SCANS. Many of the SCANS listed on this site apply to this course including manages money, participates as a member of a team, serves clients/customers, acquires and evaluates information, organizes and maintains information, uses computers to process information, applies technology to task, arithmetic, mathematics, decision making, problem solving, and reasoning.

Instructional Methodology

The objectives of this online course will be met by incorporating a variety of instructional methods. These include instructional chapter videos, virtual classes, exams, quizzes, data analysis assignments and discussion board participation and online office hours.

Blackboard: You will access all course content through Blackboard. If you have not previously taken a course utilizing Blackboard, you will find a link to the login procedures on the Blackboard login page: http://acconline.austincc.edu. Otherwise, the login username and password you previously used will still work. You must have an activated ACC eID number to log into blackboard.

For information on how to activate your ACC eID please refer to http://www.austincc.edu/acceid/.

Required Textbook and Access to MAL

Horngren’s Financial and Managerial Accounting with MyAccountingLab, 6th ed, Miller-Nobles, Mattison, Matsumura, Pearson. ISBN: 9780134642864

This course is part of ACC's "First Day Access” program. ACC has partnered with the bookstore and the publisher to provide you with digital course materials on the first day of class at a discounted rate of approximately $105.54 (includes tax). The cost of the course materials will be included as an additional charge when you register.

If you do not wish to participate in the program, you may "Opt Out". If you "Opt Out" of receiving and paying for your materials via this program, you will be responsible for obtaining those on your own.

If you participate in the "First Day Access" program, you will gain access to the eBook and MAL (MyAccountingLab) through my Blackboard site. Do not go to the publisher website to purchase this text or to join the trial period! You will need to use an access code only the first time you enter MAL, and the access code will be provided on the course site on the 1st day of the course.

To recap, there are three options:

• All Digital Access at the time of registration: E-book and MAL.

• Digital Access with a Physical Textbook: Students who participate in the program will be eligible to purchase a low cost print upgrade in the ACC bookstore for approximately $26.70, plus tax.

• Independent purchase of textbook with MAL: If you have purchased a used textbook or have "Opted Out" of the program, you must still purchase an access code for MAL.

Notice that the course covers a great deal of the material, and students are required to have the access to the course materials and to the online homework system – MyAccountingLab (MAL) immediately when the class starts. It is in your best interest to gain access to the course materials in a timely fashion. Please only access the ebook and MyAccountingLab through Blackboard. Do not access them from the publisher site.

Internet Connection:

This course will utilize Blackboard, and the course requires that you have secured and high-speed internet access all time in order to access the course site and the course materials, to complete all of the required course work, and to access virtual office hours and a virtual class.

Blackboard:

You will access all course content through Blackboard. If you have not previously taken a course utilizing Blackboard, you will find a link to the login procedures on the Blackboard login page: http://acconline.austincc.edu. Otherwise, the login username and password you previously used will still work. You must have an activated ACC eID number to log into blackboard. For information on how to activate your ACC eID please refer to http://www.austincc.edu/acceid/.

Restatement of the course requirements: The courses required materials: textbook, laptop or desktop with webcam or use of external webcam, no Chrome books. System requirements: ProctorU and Respondus Monitor works with Firefox, Google Chrome, and Safari. These are critical requriements that you must meet in order to take the course.

Internet Connection:

This course will utilize Blackboard, and the course requires that you have secured and high-speed internet access all time in order to access the course site and the course materials, to complete all of the required course work, and to access virtual office hours and the virtual class.

Required Course Work and Evaluation:

Important: You must earn a C or better in order to enroll in ACNT 1371 or ACNT 1331.

Basis for Grading:

Course Work Description:

Exams

There will be three exams for the course. All exams must be proctored, timed, and completed online through the course site – Blackboard, and all three exams will be proctored by ProctorU, an online proctoring service provider. Exam 1 and exam 2 have two parts including multiple choice questions, essay questions, and workout problems, and the final exam has all multiple choice questions. To be able to take an exam on time, you must learn about ProctorU service, must create a ProctorU account, and must schedule an exam through your ProctorU account. Detail information about ProctorU is provided on the blackboard.

Make up policies for an exam are provided in the course syllabus on the course site.

Quizzes:

There will be 5 to 6 quizzes given during the course, and a quiz will be timed and completed through MAL (not proctored). Quizzes are designed to check your master of the course materials covered and also prepare your for exams. Due dates and coverage for quizzes are indicated on the course schedule and also on MAL.

Homework:

Homework include 1) exercises and problems assigned for each chapters on MAL, 2) accounting cycle tutorial assigned on MAL, and 3) a comprehensive problem assigned on MAL. Homework must be completed using MAL. Due dates for homework are indicated on the course schedule and also on MAL site. Due dates for homework assignments are subject to change based on the course pace.

Data Analysis Assignments:

There will be two date analysis assignments that students must be complete independently over the course. Detail instructions for date analysis assignments will be provided on Blackboard.

Blackboard Discussion Postings:

For each chapter covered, students are required to post their responses to assigned questions. Detail instructions for postings will be provided on Blackboard for each chapter. This is a part of the course work, and your postings will help you master critical concepts, terms, and topics covered in the course, and it will also help you prepare for essay questions on an exam.

Course Policies for All Course Assignments:

The past experience indicated that students did not missed due dates as long as they started an assignment early enough before a due dates. Any bad internet connection and issues with MAL site will not be an excuse for asking for a late submission. This is notice that you are responsible for all of the due dates required by the course. You should give yourself a time cushion for each due date to avoid any unexpected events that might prevent you from meeting a due date. This cushion is suggested to be days not hours. If you encounter any issues with the MAL site, you should contact Pearson Support timely for help.

There will be no make-ups or late submissions for any assignment unless you have a valid reason.

Texas State Board of Public Accountancy

Austin Community College has received the designation of Qualifying Educational Credit for CPA Examination by the Texas State Board of Public Accountancy (Board). To sit for the CPA exam, a candidate must have a minimum of a bachelor's degree with 150 credit hours (a master's degree is not required). The candidate must have at least 36 total hours of accounting (30 hours above the principles courses) and 24 total hours of business courses (effective February 2008). In addition, effective July 1, 2005, candidates must complete three hours of accounting ethics. Two semester hours are required in accounting research and analysis. The semester hours may be included in the 30 semester hour accounting requirement. This course qualifies as one of the 30 required upper-level accounting courses, however for this course to be counted, the student MUST have completed a bachelor's degree PRIOR to taking this course. If this course is completed before a bachelor's degree is awarded, the Texas State Board of Public Accountancy will not accept it. Please review the information on our web site http://www.austincc.edu/accting/cpainfo.php. It is the responsibility of the student to understand and comply with the requirements of the Texas State Board of Public Accountancy.

It is very important that you enroll in the Professional Accountant - Advanced Technical Certificate and that you see an advisor at the start of your program. Please be aware of enforcement of prerequisites. If you do not have the necessary prerequisites for this course, I will withdraw you from the course.

HB1508 Statement

To become a CPA in Texas, the Board has a statutory obligation (Section 901.253) to determine that any person awarded a Texas CPA certificate is of good moral character.

Good moral character is demonstrated by the lack of a history of dishonest or felonious acts. The Board considers several areas in evaluating an applicant's moral character. These include:

• Responses to questions on the application relating to arrests, charges, convictions, probations and/or deferred adjudications of a felony or misdemeanor other than misdemeanor driving offenses such as moving violations (NOTE: DWIs are not considered misdemeanor driving offenses).
• The Board will access the Federal Bureau of Investigation (FBI) database and the Texas Department of Public Safety – Crime Records Division files using an established fingerprint process for each person who submits an Application of Intent. The fingerprint process allows the Board to receive information on all arrests, charges, convictions, probations and deferred adjudications of misdemeanor and felony offenses that occur in any U.S. state or territory. Records of these activities are reported to the Board for further investigation. If an applicant was 17 years of age or older at the time of the arrest, it should be reported to the Board. You are not required to report criminal records that have been expunged or sealed by an order of the court. You are required to report criminal records subject to a non-disclosure order. Any subsequent arrest will automatically be reported to the Board for further investigation.

Attendance/Class Participation:

An important part of this course is your participation in class (if applicable) online. The instructor will not take attendance but students will benefit from their active engagement in class online, from their diligent visits to the course site. A virtual class will be offered each week, but students are not required to attend.

Withdrawal:

It is the responsibility of each student to ensure that his or her name is removed from the rollshould he or she decide to withdraw from the class. The instructor does, however, reserve theright to drop a student should he or she feel it is necessary. If a student decides to withdraw,he or she should also verify that the withdrawal is submittedbeforethe Final Withdrawal Date.The final withdrawal date for the Fall 16 week semester is November 21, 2019. The student is also strongly encouraged to keep any paper work in case a problem arises.

Students are responsible for understanding the impact that withdrawal from a course may have on their financial aid, veterans’ benefits, and international student status. Per state law, students enrolling for the first time in Fall 2007 or later at any public Texas college or university may not withdraw (receive a W) from more than six courses during their undergraduate college education. Some exemptions for good cause could allow a student to withdraw from a course without having it count toward this limit. Students are strongly encouraged to meet with an advisor when making decisions about course selection, course loads, and course withdrawals.

More specific withdraw policies for the course are stated in the course syllabus, which will be available on the course site.

Deadline for Withdrawal:July 29^this the last day to withdraw from this class and receive a grade of “W”. If you wish to withdraw, it isyour responsibilityto do so. Do not assume that I will withdraw you. I have no obligation to do so.

Incomplete:

An instructor may award a grade of “I” (incomplete) if a student was unable to complete all of the objectives for the passing grade in a course. An “I” cannot be carried beyond the established date in the following semester. The completion date is determined by the instructor but may not be later than the final deadline for withdrawal in the subsequent semester.

It is the Accounting department’s policy that incomplete grades are given only on rare occasions and generally, only when a student has completed all examinations and assignments to date, with a satisfactory grade of C or better, and has personal circumstances that prevent course completion that occur after the deadline to withdraw.

Statement on Academic Integrity

Austin Community College values academic integrity in the educational process. Acts of academic dishonesty/misconduct undermine the learning process, present a disadvantage to students who earn credit honestly, and subvert the academic mission of the institution. The potential consequences of fraudulent credentials raise additional concerns for individuals and communities beyond campus who rely on institutions of higher learning to certify students' academic achievements, and expect to benefit from the claimed knowledge and skills of their graduates. Students must follow all instructions given by faculty or designated college representatives when taking examinations, placement assessments, tests, quizzes, and evaluations. Actions constituting scholastic dishonesty include, but are not limited to, plagiarism, cheating, fabrication, collusion, falsifying documents, or the inappropriate use of the college’s information technology resources. Further information is available at https://www.austincc.edu/about-acc/academic-integrity-and-disciplinary-process

Student Accessibility Services

Students with documented disabilities who need classroom, academic, or other accommodations must request them through the office Student Accessibility Services (SAS). SAS offices are located at each major campus. Students are encouraged to request accommodations when they register for courses or at least three weeks before the start of the semester; otherwise, the provision of accommodations may be delayed. Students who have received approval for accommodations from SAS for this course must provide the instructor with the document titled “Notice of Approved Accommodations” from SAS before accommodations will be provided. Accommodations will not be provided retroactively.

Arrangements by the instructor for academic accommodations can only be made after he or she receives the “Notice of Approved Accommodations” from the student.

Additional information about Student Accessibility Services is available at https://www.austincc.edu/offices/student-accessibility-services-and-assistive-technology

Academic Support

ACC offers academic support services on all of its campuses. These services, which include face-to-face and online tutoring, academic coaching, and supplemental instruction, are free to enrolled ACC students. Tutors are available in a variety of subjects ranging from accounting to pharmacology. Students may receive these services on both a drop-in and referral basis. Tutoring schedules can be found at: https://www.austincc.edu/students/tutoring/tutoring-schedules

Use of ACC email:

All College e-mail communication to students will be sent solely to the student’s ACCmail account, with the expectation that such communications will be read in a timely fashion. ACC will send important information and will notify students of any college- related emergencies using this account. Students should only expect to receive email communication from their instructor using this account. Likewise, students should use their ACCmail account when communicating with instructors and staff. Information about ACC email accounts, including instructions for accessing it, are available at: http://www.austincc.edu/help/accmail/questions-and-answers

Use of the Testing Center

Under certain circumstances, examinations may have to be taken in a testing center. The ACC Testing Centers follow standard procedures so students know what to expect when they arrive to take their tests. Students should familiarize themselves with the student guidelines. Students must present an ACC student ID card or government issued ID and know their ACC ID number before they can test. It is necessary to check in at the Testing Center kiosk before taking a test. To check in, one must know the following information:

• Student ID number
• Course prefix and number ACNT 1325
• Course synonym 99778
• Course section number: 001
• Test number
• Instructor’s name: May Wang

Personal belongings such as backpacks, books, and electronic devices (including, but not limited to, cell phones and smart watches) are not allowed in the Testing Center. Possession of prohibited items or accessing unapproved resources in the testing room will result in the immediate termination of the exam and possible disciplinary action. For additional information on using the Testing Center, please go to: http://www.austincc.edu/students/testing-services/instructional-testing

Notice: Review the additional college policies document posted on the Blackboard website for college policies that apply to this course.