WACO, TEXAS COURSE SYLLABUS AND INSTRUCTOR PLAN. Introduction to Accounting I ACNT 1303.M1 CONNIE WEDEMEYER

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1 WACO, TEXAS COURSE SYLLABUS AND INSTRUCTOR PLAN Introduction to Accounting I CONNIE WEDEMEYER AN EQUAL OPPORTUNITY INSTITUTION SPRING MINIMESTER 2014

2 Course Description: Analyzes, classifies, and records business transactions in a manual and computerized environment. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations, and payroll. May not be counted toward the associate's degree if taken after successful completion of ACCT Semester Hours 3 (3 lec/lab) Prerequisites and/or Corequisites: NONE Course Notes and Instructor Recommendations: Students are expected to participate in class discussions, to study course material, to complete assignments, to complete reading assignments, and to take tests and quizzes as required. Nonparticipation in the above items will have a detrimental impact on grades and credit. Students are encouraged to do outside reading in sources other than the text. Instructor Information: Instructor Name: Connie Wedemeyer MCC cwedemeyer@mclennan.edu Office Phone Number: (254) Office Location: MAC 225 Office/Teacher Conference Hours: Monday through Friday: 12:35 1:05 p.m. Required Text & Materials: Title: College Accounting Author: Heintz & Parry Edition: 20th edition Publisher: Thomson & Southwestern Publishing ISBN: * *This is a bundle which should include the text book, College Accounting, and the Study Guide, College Accounting, Chapters 1-9, Heintz & Parry, Cengage Learning, 21st edition, and Cengage Now code 2

3 MCC Bookstore Website You must have your text by the first day of class, Thursday, May 15, Methods of Teaching and Learning: Instructor lecture and demonstration of accounting concepts and material Group and individual exercise/problem assignments. Audit quizzes over assignments Assignments using Cengage Now Exams over chapter material and assignments Comprehensive final exam Class participation and discussion Computer lab assignments using Klooster and Allen general ledger software Computer lab assignment using excel Other methods as determined by the instructor Course Objectives and/or Competencies: Acquire and evaluate elementary accounting principles, basic concepts, and terminology of bookkeeping. Organize and communicate accounting information by analyzing business transactions and preparing financial statements for other users. Apply the accounting equation to business transactions. Understand the concepts of asset, liability, capital, revenue, and expense. Analyze the effects of business transactions on the accounting equation. Apply the theory of debits and credits. Record business transactions in a general journal. Post from a general ledger to general ledger. Balance the ledger accounts and prepare a trial balance. Perform end-of-period adjustments. Complete a worksheet which reflects end-of-period adjustments. Construct the Income Statement, Statement of Owner s Equity, and Balance Sheet. 3

4 Understand the importance of neatness, accuracy, and patience in dealing with figures. Locate and correct errors. Account for payroll transactions. Apply the above knowledge to computer-based ledger system. Learn basic components and control activities of cash. For detailed AIMS objectives and competencies, refer to the generic syllabus at Course Outline or Schedule: Tentative Semester Schedule: Note: The assignments below represent the minimum practice/application work that should be done to learn the material. Always be sure to read the chapter and go over the review and discussion material at the end of each chapter as a way of checking your understanding of the chapter. The schedule is subject to change by the instructor. Students will be notified of such changes through an announcement in class. Date chapter Class Work Homework Thurs., May 15 2 Study Guide, Chapter 2, Exercises 8 Study Guide, Chapter 2, Problems 13 (have class work) Text and working papers, chapter 2, problems 2-9B Text and working papers, chapter 2, problems 2-9A, 2-10A, 2-11A, and 2-12A Text and working papers, chapter 2, Mastery Problem 4

5 Fri, May16 Mon., May, 19 Tues., May 20 1 & 3 Quiz chapter 1 Rework Study Guide, Chapter 2, Exercise 8 using t-accounts Have class rework Study Guide, Chapter 2, Problem 13 using t- accounts Demonstrate preparing financial statements with Study Guide, Chapter 2, Exercises 9-11 Give handout of completed financial statements of Study Guide, Chapter 2, Problems Dr/Cr Quiz chapter 3 Exam One & start 5 Text, chapter 4, exercises E4-4A, E4-5A, and E4-6A Text, chapter 4, problem 4-9A, worked using the GL software Take exam one. Study Guide, chapter 5, exercises 3, 4, and 5 Complete Chapter 2 Mastery Problem prepare the 3 financial statements Text, Chapter 3, Problems 3-13A and 3-15A Text, Chapter 3, Mastery Problem Text, chapter 4, problem 4-10A, worked using the G L software Text, chapter 4, Mastery Problem, worked using the G L software Text, chapter 5, exercises E5-1A through E5-7A Complete problem 4-10A and Chapter 4 Mastery using the general ledger software. 5

6 Wed., May 21 Thurs., May 22 5 Go over homework. Prepare adjusting entries for 5-14B and 5-15B. Prepare the 3 financial statements using 5-14B 6 Closing entries using 5-14B Text, chapter 5, problems P5-14A, P5-15A, and the chapter 5 Mastery Problem. Prepare the 3 financial statements for each problem. Closing entries using text, chapter 5, problems P5-14A, P5-15A Begin the Comprehensive Problem 1, period 1 Fri., May 23 Tues., May 27 Wed., May 28 Thurs., May 29 7 Study Guide, chapter 7, exercises 4, 5, and 6 Study Guide, chapter 7, problem 7 Exam Two & Comprehensive Prob. 1,Period 1 8 Work first by hand problem 8-9B Re-work problem 8-9B using Excel 9 Payroll entries using Problem 8-9B and 8-9A Additional payroll entries Read chapter 7 and answer chapter 7 Study Guide questions. Text, chapter 7, problems 7-8A and 7-9A Text, chapter 7, exercises E7-6A and E7-7A Completion of Comprehensive Problem 1, Period 1 Text, chapter 8, problem 8-9A Chapter 8 Mastery Problem Payroll entries using the chapter 8 Mastery Problem. Additional payroll entries Discuss other entries and payroll reports Fri., May 30 Final 8:30 10:30 a.m. 6

7 Course Grading Information: Introduction to Accounting I There will be two unit exams and a comprehensive final exam. Grades will be based on the following system: 2 unit exams 60% = A Final exam = B Classroom work/computer work = C = D Total 100% 0-59 = F Unit Exams: Exams are to be taken on the dates scheduled. Each exam will consist of multiple choice questions and problems. In order to receive credit for the problems you must show your work. You will not receive credit for a correct answer without adequate work being shown. Partial credit will be given to the extent your work justifies it. No partial credit is given for multiple choice questions. Final Exam: A comprehensive final exam will be given at the end of the semester. The date of the final exam will be stated on the Final Exam schedule prepared by the college that can be found in the MCC website under Students. Failure to take the final exam will result in you receiving an I for your semester grade. Note: All students must take the final examination on the day it is scheduled by the College. No exceptions will be made! Classroom work/computer work: Classroom work/computer work is comprised of anything you are assigned to do to prepare for unit exams and the final exam. Assignments will normally be due at the beginning of the next class meeting unless told otherwise by me. These may or may not be taken up. Some assignments may be evaluated with the use of an audit quiz. I will explain this in class. You must be physically present in class to earn a grade for these assignments. Do not drop off work in my mailbox, under my office door, on my desk in the classroom, by , or any other way. Your assignments will be graded on a scale of 0 10 points earned by giving accurate answers. Do not expect to be able to take a quiz if you come in late. Also quiz questions will not be repeated for late students. Most days you will have 2-3 classroom work/computer work grades. Group work will also be expected and graded. 7

8 Late Work, Attendance, and Make Up Work Policies: Late Work: No late work will be accepted and audit quizzes may not be made up at a later date. As a result of this policy, you will be able to drop your 4 lowest scores. Attendance Policy: Regular and punctual attendance is expected of all students. In other words, I expect you to regularly attend class and to be on time. I also expect you to be present for the entire class period. I will take regular attendance and keep attendance records for this course. You will be counted absent from class meetings missed, beginning with the first official day of classes. You, whether present or absent, are responsible for all material presented or assigned for a class meeting, and will be held accountable for such materials in the determination of course grades. Absence from 25 percent of scheduled lecture and/or laboratory meetings will be taken as evidence that you do not intend to complete the course. If your 25 percent absences are accumulated before the official drop date of Thursday, May 22, 2014, you will receive a grade of W. If your 25 percent absences are reached after the official drop date of Thursday, May 22, 2014, you will most likely receive an F for non-completion of the course. Do not ask to receive a W after Thursday, May 22, I will only assign a W on or before Thursday, May 22, This twenty-five percent point is reached with your 7 th absence for two times a week classes, and your 3rd absence for one time a week class. If on or before Thursday, May 22, 2014 you miss any other part of a class period you will be dropped. My records, not yours, are the official records. Feel free at any time during the semester to verify your records with mine. It will be your responsibility to let me know at the end of a class session if you came in tardy. A half absence is still better than a complete absence. Regardless of the reason for a particular absence, each absence (whether excused or unexcused) will count toward attendance requirements in each course. Remember, at any point in the semester, up to and including Thursday, May 22, 2014, you have the ability to voluntarily drop the course by going to the Registrar s office and filling out a drop slip. Refer to the catalog for additional information concerning class attendance. Please do not think this 25% allowance of absences is an entitlement. Attendance will directly affect your final semester grade in 3 ways: 8

9 1. If you attend class, you will better understand the course material and therefore make better grades on the exams. Class time provides a valuable learning opportunity and interaction with both the instructor and other students. 2. If you attend class, you will participate in daily graded activities and therefore receive a higher daily average. Missed daily grades will count as zero and cannot be made up. 3. Remember, 5% of your semester grade is earned by attending class and participating in class discussion and activities. IF YOU MISS CLASS YOU WILL BE BEHIND! I cover lots of notes, exercises, and problems with you each day, so please make every effort to attend class. Make up Work Policy: See the policy concerning Late Work above. This applies to the Classroom work/computer work element of your semester grade. There will be no makeup exams for missed exams! If you miss an exam, your final exam grade will serve a dual purpose. It will be recorded as your final exam grade and as the missed exam grade. You will receive zeros for any other missed exams. If you have taken all of your exams and your final exam grade if higher than one of your exam grades, I will replace that score with the final exam grade. (You can only do this for one exam grade.) Student Behavioral Expectations or Conduct Policy: In accordance with the "General Conduct Policy", MCC intends to provide an atmosphere conducive to learning. Adherence to the behavioral standards of mutual respect and academic honesty is expected of all students. Cheating is unethical and will not be tolerated in my class. If I believe you are guilty of cheating you will receive an F for the course. Cheating includes using another s work as your own or allowing your work to be used as another s. I also believe cheating involves using materials not accessible to all students, such as the solution manual for the text. All cell phones, ipods, MP3 players, etc. are to be turned off and put out of sight. If you are expecting an emergency call, please inform me before class and leave your phone on silent mode or vibrate. Leave the room if you receive the call. The first infraction of using your phone will result in a warning. Any subsequent infractions will result in you being asked to leave the class. You will receive zeroes for any classwork you might miss. 9

10 Avoid getting up in the middle of class to go to the restroom, get a drink, or perform any other activity, unless you are feeling sick. The rest of the class and I will appreciate your consideration. The use of alcohol, drugs or tobacco products is not allowed in the classroom. Do not attend class with the smell of or under the influence of drugs or alcohol. Loud, raucous behavior in the classroom is not acceptable. Do not carry on your own private conversations while I or other classmates are talking. This is rude and disrespectful and I will dismiss you from the class. Do not sleep during class or I will ask you to leave. Refer to the General Conduct Policy printed in the Highlander Guide for a more inclusive discussion of acceptable classroom conduct. 10

11 MCC Academic Integrity Statement: The Center for Academic Integrity defines academic integrity as a commitment, even in the face of adversity, to five fundamental values: honesty, trust, fairness, respect, and responsibility. From these values flow principles of behavior that enable academic communities to translate ideals into action. Individual faculty members determine their class policies and behavioral expectations for students. Students who commit violations of academic integrity should expect serious consequences. For further information about student responsibilities and rights, please consult the McLennan website and your Highlander Student Guide. Academic Integrity Statement: As stated in MCC s General Conduct Policy, cheating includes, but is not limited to: use of any unauthorized assistance in taking quizzes, tests, or examinations; dependence upon the aid of sources beyond those authorized by the instructor in writing papers, preparing reports, solving problems, taking tests or exams or carrying out other assignments; or the acquisition, without permission, of tests or other academic materials belonging to a member of the MCC faculty or staff. Any student, who the instructor believes is cheating, may receive an F on the proje ct, assi gnment or exam, or an F in the course. As stated in MCC s General Conduct Policy, plagiarism includes, but is not limited to, the use, by paraphrase or direct quotation, of the published or unpublished work (this includes internet articles, information, etc.) of another person without full and clear acknowledgement. It also includes the unacknowledged use of materials prepared by another person or agency engaged in the selling of term papers or other academic materials. Any student, who the instructor believes is plagiarizing, may receive an F on the project, ass ignment or exam, or an F in the course 11

12 MCC Attendance Policy: Regular and punctual attendance is expected of all students, and each instructor will maintain a complete record of attendance for the entire length of each course, including online and hybrid courses. Students will be counted absent from class meetings missed, beginning with the first official day of classes. Students, whether present or absent, are responsible for all material presented or assigned for a course and will be held accountable for such materials in the determination of course grades. Please refer to the Highlander Guide for the complete policy. ADA Statement: In accordance with the requirements of the Americans with Disabilities Act (ADA), and the regulations published by the United States Department of Justice 28 C.F.R (a), MCC s designated ADA coordinators, Dr. Drew Canham Vice President, Student Success and Mr. Gene Gooch - Vice President, Finance and Administration shall be responsible for coordinating the College s efforts to comply with and carry out its responsibilities under ADA. Students with disabilities requiring physical, classroom, or testing accommodations should contact Ms. Renee Jacinto, Disabilities Specialist, Student Services Center, Student Development Department, Room 211 or at or disabilities@mclennan.edu. TITLE IX No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance. Legal Citation: Title IX of the Education Amendments of 1972, and its implementing regulation at 34 C. F. R. Part 106 (Title IX) In accordance with the requirements of the Title IX Education Amendments of 1972 MCC s designated Title IX Coordinator, Al Pollard Vice President, Program Development/EEO Officer and Deputy Coordinator, Brett Bunce Director of Human Resources shall be responsible for coordinating the College s effort to comply with and carry out its responsibilities under Title IX. Contact information Al Pollard, Title IX Coordinator Brett Bunce, Title IX Deputy Coordinator Vice President, Program Development Director, Human Resources McLennan Community College McLennan Community College Administration Building, Room 417 Administration Building, Room College Drive 1400 College Drive FAX FAX apollard@mclennan.edu bbunce@mclennan.edu 12

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14 Course Syllabus Acknowledgement I understand that I have the opportunity to drop this course by May 22, 2014, with a W and that after this date, I will not request a withdrawal ( W ) from my instructor for any reason. I acknowledge receipt of the course syllabus for ACNT 1303, Intro to Accounting. I have read this syllabus and understand the expectations for the successful completion of this course and the attendance policy of my instructor, Connie Wedemeyer. Student s signature Date Student s printed name 14

ACCT 100 Introduction to Accounting Course Syllabus Course # on T Th 12:30 1:45 Spring, 2016: Debra L. Schmidt-Johnson, CPA

ACCT 100 Introduction to Accounting Course Syllabus Course # 22017 on T Th 12:30 1:45 Spring, 2016: Debra L. Schmidt-Johnson, CPA Course Description: This class introduces the student to the basics of