Accounting 153-0C2 Financial Accounting Fall 2010-ONLINE INSTRUCTOR: Anita L. Cotton, CPA, CMA *EMAIL: acotton@oakton.edu *Once the course has started, please use the WEBCT course email feature for all contacts with the instructor. ONLINE AVAILABILITY: Instructor will check the WEBCT course at least twice per day Monday through Friday and one time on Saturday. CAMPUS ROOM PHONE OFFICE HOURS RHC (Skokie) B224 847-635-1462 Monday & Wednesday 10:50 a.m. to 11:50 a.m. Tuesday 2:15 p.m. to 3:15 p.m. Thursday 2:15p.m. -3:15 p.m.; 5:15 p.m. to 6:00 p.m. I. Course Information Prefix Number Name Credit Lecture Lab ACC 153 Principles of Financial Accounting 4 hours 4 hours 0 hours II. Course Prerequisite None. III. Course Catalog Description Course covers preparation and analysis of financial information using generally accepted accounting principles. Content includes financial statement fundamentals, cash, receivables, inventory, payables, long-term assets, long-term debt, stockholders equity, cash flow statements, internal controls, and financial statement analysis. Course incorporates computer component. Prior computer experience not required. IV. Learning Objectives Students will demonstrate practical knowledge in the following areas of financial accounting: a. Bookkeeping b. Adjusting Journal Entries c. Financial Statement Preparation d. Multiple Journals e. Bank Reconciliations f. Bad Debts g. Inventories h. Fixed Assets i. Payroll j. Corporations k. Stockholders Equity l. Long-term Liabilities and Bonds m. Investment in Stocks n. Statement of Cash Flows V. Academic Integrity Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Code of Academic Conduct. This code prohibits: cheating, plagiarism (turning in work not written by you, or lacking proper citation), falsification and fabrication (lying or distorting the truth), helping others to cheat, unauthorized changes on official documents, pretending to be someone else or having someone else pretend to be you, Syllabus Page 1
making or accepting bribes, special favors, or threats, and any other behavior that violates academic integrity. There are serious consequences to violations of the academic integrity policy. policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years. Details of the Code of Academic Conduct can be found in the Student Handbook. VI. Outline of Topics See detailed on Pages 5 and 6. VII. Methods of Instruction Each chapter will have some of the following teaching tools: Online Power Point lectures Practice quizzes Practice homework using Wiley Plus (an online homework manager) Graded homework using Wiley Plus Graded quizzes via WEBCT Three problem based examinations Departmental Assessment Exam NOTE: The examinations are proctored and must be completed in one of the Oakton testing centers (Des Plaines or Skokie Campus) Homework is completed in WileyPlus and chapter quizzes in WEBCT There are specific due dates posted in WileyPlus and WEBCT Calendar for quizzes, homework and exams. Also refer to the course schedule in WEBCT for specific due dates There is an automatic 30% reduction in assignment grade for any WileyPlus homework that is completed after the due date Exams submitted after the deadline will be reduced by 15% of the maximum points Quizzes and Departmental Assessment Exam cannot be completed after the due date VIII. Course Practices Required: Students are required to: Read the assigned chapters in the textbook Review the PowerPoint lecture Practice the ungraded assignments in WileyPlus Completed the graded homework assignments in WileyPlus Practice the ungraded quizzes in WEBCT Complete the graded quizzes in WEBCT Complete the 3 examinations and Departmental Assessment Exam in the Oakton testing center IX. Instructional Materials The Oakton bookstore sells the soft bound textbook bundled with the WileyPLUS access code at a reduced cost over purchasing the text and access code separately. The WileyPLUS course website includes an e-book copy of the text. Syllabus Page 2
Financial Accounting: Tools for Business Decision Making 5th Edition Kimmel, Weygandt, Kieso; John Wiley & Sons, Inc., 2009 (ISBN # 978-0-470-23980-3) WileyPLUS Course Website: http://edugen.wiley.com/edugen/class/cls188656/ NOTE: WileyPlus is the online homework management system created by the publisher of the textbook. A WileyPlus access code should be purchased along with your textbook. Using the URL above, students should log-in to their WileyPlus accounts and complete the homework problems assigned. It is recommended that students attempt the ungraded practice problems as well as the graded assignments. If you did not purchase a new book from the Oakton bookstore, you can purchase a Standard WileyPLUS registration code at: http://www.wiley.com/wileycda/section/id-404743.html#accounting WebCT We will be using WebCT along with the textbook. You can access WebCT from your home through your Internet service provider. X. Methods for Evaluating Student Progress Course points are identified as follows: Exam #1 Exam #2 Exam #3 WileyPlus Graded HW & WEBCT Quizzes Accounting Cycle Project/Problem Departmental Assessment Exam Total Course 100 points 100 points 100 points up to 260 points 20 points 20 points up to 600 points The grading scale is A 90% and above B 80% to 89% C 70% to 79% D 60% to 69% F 59% and below Exams (300 points): There will be 3 exams during the semester. The exams are mandatory. The exams must be taken on campus at either the Des Plaines Center or the Skokie Center. You will have a 7 day window to take the exam. Centers are open Monday through Saturday. You will need to show an ID at the time of the exam. Exams completed after the deadline will be reduced by 15% of the maximum points. Wiley Plus Graded Homework and WEBCT Quizzes (up to 260 points): WileyPlus is the interactive online homework tool created by the textbook publisher where you can practice exercises and receive immediate feedback. There will also be some graded homework problems on Wiley Plus throughout the semester. You are allowed two attempts on Syllabus Page 3
each graded homework assignment. The WileyPlus system will grade the homework upon each submission It is not necessary to forward any hard copies to the instructor. You must have access to WileyPlus. If you purchased your textbook for the Oakton bookstore, the access code comes with your textbook. To register for Wiley Plus: 1. Go to http://edugen.wiley.com/edugen/class/cls188656/ 2. Click Register and use the access code that came with the book. 3. If you have purchased a textbook without an access code, go ahead with the registration and when asked for the code, you can purchase one online for around $75. In addition to WileyPlus, there are graded multiple choice quizzes, one for each chapter, in WEBCT. Please note that these quizzes are timed and you will only have one attempt to respond to the question. Practice quizzes will be provided that are not time and allow you unlimited access. Accounting Cycle Project (20 points): There is a comprehensive bookkeeping project in the first part of the course. This project is worth 20 points and it is mandatory. The project will be completed in WileyPlus. Departmental Assessment Exam (20 points): All students enrolled in ACC153 are required to complete a mandatory standardized 20 question multiple choice exam covering their general understanding of the accounting concepts covered in chapters 1, 2, 3 and 4 of the course. The exam is 30 minutes, proctored and must be completed in Center. WebCT: All course communication will take place in WebCT. In addition to various other features, WEBCT has its own email system. WEBCT is the best way to contact the instructor with questions. To login into WebCT: 1. Go to online.oakton.edu 2. Use your regular Oakton login ID and password. 3. If you don t know your login ID, you can find it at http://www.oakton.edu/resource/it/idlookup.html XI. Other Course Information 1. Tutoring Tutoring is available through The Learning Center in Room 2400 at Des Plaines campus, and Room A-135 at Skokie campus. When available, the instructor will provide you with a listing of available tutors who specialize in accounting subjects. 2. ASSIST If you have a documented learning, psychological, or physical disability, you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the ASSIST office in the Learning Center. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program. 3. Withdrawal Date: The last day to withdraw from course is Sunday, October 17, 2010 4. Change class to Audit Status The last day to withdraw from course is Sunday, September 19, 2010 Syllabus Page 4
Week ACC 153 0C2 ONLINE-SCHEDULE OF ASSIGNMENTS Textbook Chapter /Topic Coverage GRADED WILEY PLUS (2 Attempts) Graded WEBCT QUIZ Exams DUE DATE Week 1 WEBCT & WileyPlus Tutorials Week 2 Chapter 1 Introduction to Financial Statements Week 3 Chapter 2 A Further Look at Financial Statements NONE NONE NONE ABE1-8, AP1-3A Chapter 1 Sunday 9/5 AE2-5, AP2-3A, E2-12 AE2-9 (a,b), AP2-6A (a-e) Chapter 2 Sunday 9/12 Week 4 Chapter 3 The Accounting Information System Week 5 Chapter 4 Accrual Accounting Concepts Week 6 Exam 1 (Chapters 1-4) Week 7 Chapter5 Merchandising Operations and the Multiple Step Income Statement Week 8 Chapter 6 Inventory Week 9 Chapter 7 Fraud, Internal Control and Cash Week 10 Chapter 8 Receivables AE3-2, AP3-2A, AE3-10, AP3-4A, AP3-6A AP3-6A, AE4-9, AE4-10, AE4-14 Accounting Cycle Problem/Project AE5-4, AP5-2A, AP5-4A E6-4, AE6-5, AP6-3A, AE6-10 BE7-4, AE7-8, AP7-3A AP8-1A (a-d), AE8-8, AE8-15, AP8-9A Chapter 3 Sunday 9/19 Chapter 4 Sunday 9/26 11:55 p.m Exam 1 (To be Taken at Saturday 10/2 Saturday 10/2 2:00 pm Available from 9/27 10/2 Chapter 5 Sunday 10/10 Chapter 6 Sunday 10/17 Chapter 7 Sunday 10/24 Chapter 8 Sunday 10/31 Syllabus Page 5
Week Textbook Chapter /Topic Coverage GRADED WILEY PLUS (2 Attempts) Graded WEBCT QUIZ Exams DUE DATE Week 11 Exam 2 (Chapters 5-8) Week 12 Chapter 9 Long Lived Assets Week 13 Chapter 10 Liabilities Week 14 Chapter 11 Stockholders Equity Week 15 Chapter 12 Statement of Cash Flows Week 16 Departmental Assessment Exam (Chapters 1-4) Week 16 Exam 3 (Chapters 9-12) AP9-1A, AP9-7A, AP9-3A, AP9-3A, AE9-13 AE10-1, E10-4, AE10-5, AE10-10 (a & c) AE11-2, AE11-6, AP11-3A AE12-5, P12-1, AP12-3 Exam 2 (To be Taken at Saturday 11/6 2:00 pm Available in Center from 11/1 11/6 Chapter 9 Sunday 11/14 Chapter 10 Sunday 11/21 Chapter 11 *Sunday 12/5 Due date takes into consideration Thanksgiving Recess Chapter 12 Sunday 12/5 Dept. Assessment Exam (To be Taken at Exam 3(To be Taken at Tuesday 12/14 8:00 pm Available in Center from 12/6 12/14 Tuesday 12/14 8:00 pm Available in Center from 12/6 12/14 Syllabus Page 6