Accounting Central College Business, Financial &...
Transcript of Accounting Central College Business, Financial &...
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Accounting
Central College
Business, Financial & Legal Studies
Division Chair: Dr. Mesfin Genanaw
Instructor: Charles Lewis
ACNT 2303 - Intermediate Accounting I
CRN 77181 – 16-Week Spring 2012
Distance Education
This class will be using Eagle On Line. https://hccs1.mrooms3.net/login/index.php
Instructor Information:
Instructor: Charles Lewis
Office Location: Central Campus
Office Hours: By appointment
Phone #: 713-823-9667
Email: [email protected]
Class-Use Eagle On Line mail
Office Location and Hours:
Please feel free to contact me through Eagle On Line “Mail” or by telephone at 713-823-
9667. After the course is completed you also can contact me through HCCS email. The
Accounting Department is located in the BSCC Building Room 206
Syllabus Changes
The syllabus is subject to change. When changes occur the instructor will advise the
students during class time and as an announcement on Eagle on Line.. It will be the
students responsibility when absent to check with the instructor or students or check
Eagle on Line for announcements.
Intermediate Accounting General Information:
Intermediate Accounting is divided into two (2) courses at Houston Community College
and most other universities, Intermediate Accounting I (ACNT 2303) and Intermediate
Accounting II (ACNT 2304). Issues to be examined in Intermediate I are described in
Course Description below. ACNT 2303 somewhat parallels your pre-requisite course
Accounting 2301 but in greater detail
Course Description:
ACNT 2303 is a critical analysis of generally accepted accounting principles, concepts,
and theory, underlying preparation of financial statements; emphasis on current theory
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and practice; covers the theoretical and practical basis for financial statements, present
value applications, and the theory and practice of accounting for cash, receivables,
inventories, liabilities, long-term investments, depreciable and depletable property, and
intangible assets.
Prerequisites:
ACCT 2301 (Financial Accounting), ACCT 2302 (Managerial Accounting)
FREQUENT REQUISITES
MATH 0306 (Basic Math Pre-Algebra)
GUST 0342 (9th -11th Grade Reading)
ENGL 0300 or 0347
Program/Discipline Requirements: If applicable:
1. EXCEL-Students will work in EXCEL following textbook example formats,
labels, and formulas
2. Internet-Students will use HCC webmail, learning web, blackboard, lock-down
browser, and HCC LibLine (24/7 Library)
Ethics-Students will develop personal values for ethical behavior
Course Goals:
The primary purpose of Intermediate Accounting I is to provide the students with a
comprehensive and in depth course in financial accounting. The course is designed to
meet the needs of those students who are preparing for a career in accounting.
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):
Students will:
1. Students will illustrate time value of money and report, receivables & inventories
2. Students will report depreciable and depletable property
3. Students will report intangible assets, current liabilities and contingencies, and long-
term liabilities
Learning objectives
The student will be able to:
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Students will illustrate time value of money and report, receivables & inventories
1. Students will apply expected cash flows to present value measurement
2. Students will compare cost flow assumptions used to account for inventories
3. Students will determine ending inventory
4. Students will account for loan impairment
Students will report depreciable and depletable property
1. Students will illustrate accounting issues related to valuing plant assets
2. Students will illustrate accounting issues related to asset impairment
Students will report intangible assets, current liabilities and contingencies, and long-
term liabilities
1. Students will illustrate accounting issues related to intangible-asset impairments
2. Students will account for different types of loss contingencies
3. Students will account for debt restructuring
SCANS or Core Curriculum Statement
The Secretary’s Commission on Achieving Necessary Skills (SCANS) from the U.S.
Department of Labor was asked to examine the demands of the workplace and whether
our students are capable of meeting those demands. Specifically, the Commission was
directed to advise the Secretary on the level of skills required to enter employment. In
carrying out this charge, the Commission was asked to do the following:
Define the skills needed for employment
Propose acceptable levels of proficiency
Suggest effective ways to assess proficiency, and
Develop a dissemination strategy for the nation’s schools, businesses, and homes SCANS
research verifies that what we call workplace know-how defines effective job performance
today. This know-how has two elements: competencies and a foundation. This report
identifies five competencies and a three-part foundation of skills and personal qualities that
lie at the heart of job performance. These eight requirements are essential preparation for all
students, whether they go directly to work or plan further education. Thus, the competencies
and the foundation should be taught and understood in an integrated fashion that reflects the
workplace contexts in which they are applied.
Assignment Schedule:
An assignment schedule is below. This schedule will be followed throughout this course.
Any modifications to this schedule will be announced in class
ACNT 2303 HCC-Spring Semester 2012
Distance Education
See Wiley Plus for Chapter Assessment and Homework
Schedule Due Dates
Below is suggested start dates
DATE DAY CH TOPIC
1/17 T
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Classes Begin
Financial Accounting and Standards
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1/18 W Last day to add/drop/swap
1/23 M 2 Conceptual Framework Underlying Financial
Accounting
1/30 M 3 Accounting Information System
2/06 M 4 Income Statement and Related Information
2/13 M 5 Balance Sheet and Statement of Cash Flows
Omit Appendix 5A and 5B
2/20 M 6 Accounting and the Time Value of Money
2/27 M 7 Cash and Receivables
3/05 M 8 Valuation of Inventories
3/12 M Spring Break
3/19 M 9 Inventory: Additional Valuation Issues
3/26 M 10 Acquisition and Disposition of Property, Plant
and Equipment
3/29 Th Last Day for Withdrawal with a "W" 4:30 pm
4/02 M 11 Depreciation, Impairments, and Depletion
4/09 M 12 Intangible Assets
4/16 M
4/23 M
5/06 Sun Official Instruction Ends
5/07 M
5/13 S Semester Ends
5/18 F Grades available on line
Evaluation and Requirements:
Students are expected to read all assigned chapters, complete and submit all assignments
and quizzes on or before the due dates.
Accounting is best learned through doing. Therefore, there are always homework
assignments to do. This will require a considerable commitment of time and effort from
you. Your final grade for this course will be based on how well you do in meeting the
evaluation requirements listed on your assignment schedule and applying the grading
scale which is listed below.
Wiley Plus Exercises:
The Wiley Plus Exercises are the same exercises located in the back of each chapter. The
end of chapter Brief Exercises, Exercises and Problems solutions can be located in a
folder labeled "Chapter Solutions" in Eagle on Line. Your Wiley Plus Exercises will be
the same facts but different numbers than in the book and each student will get a different
set of numbers. You will get 2 attempts using the same facts and numbers before you
have to submit for grading. The system will refer you to references for assistance.
Wiley Plus Assessments:
The Wiley Plus assessments are multiple choice problems that come from a Wiley test
bank. Each student will get a separate assessment as the problems are randomly
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generated from a pool. You will get 2 attempts on each question before you have to
submit for grading.
Take in consideration that your internet provider may be down or computer problems.
Student Grading Processes:
Evaluation Requirements:
Chapter Type Wiley Plus Pts Wiley Plus Pts Due
Exercises Multiple
choice/TF See Wiley Plus
1 Exercises None Assessment 100 2 Exercises Assessment 100 3 Exercises Ex 3-1 5.5 Ex 3-2 12
Ex 3-5 10
Ex 3-11 29.5
Ex 3-14 10 Total 67 Assessment 33 4 Exercises Ex 4-2 3
Ex 4-3 11 Ex 4-5 23 Ex 4-9 6 Ex 4-14 12 Total 55 Assessment 45 5 Exercises Ex 5-5 22
Ex 5-8 5 Ex 5-12 40 Total 67 Assessment 33 6 Exercises Ex 6-5 6
Ex 6-2 3 Ex 6-3 12 Ex 6-10 6 Ex 6-15 6 Ex 6-17 5 Total 38 Assessment 62 7 Exercises Ex 7-1 6
Ex 7-5 12 Ex 7-6 9 Ex 7-7 4 Ex 7-8 3
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Ex 7-12 15 Ex 7-15 4 Ex 7-17 8 Ex 7-22 11
Total 72 Assessment 28 8 Exercises Ex 8-2 5
Ex 8-4 10 Ex 8-7 8 Ex 8-8 15 Ex 8-16 20 Ex 8-25 6 Total 64 Assessment 36 9 Exercises Ex 9-3 4
Ex 9-7 4 Ex 9-11 4 Ex 9-18 15 Ex 9-20 5 Total 32 Assessment 68 10 Exercises Ex 10-2 4
Ex 10-3 13 Ex 10-13 12 Ex 10-19 9 Ex 10-24 20 Total 58 Assessment 45 11 Exercises Ex 11-1 12
Ex 11-3 8 Ex 11-5 8 Ex 11-8 4
11-13 16
11-16 10
Total 58 Assessment 45
12 Exercises Ex 12-3 4 Ex 12-6 12
Ex 12-7 8 Ex 12-9 18 Ex 12-15 6 Total 50 Assessment 50 Total 561 645
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HCC Grading Scale:
A = 100- 90 4 points per semester hour
B = 89 - 80: 3 points per semester hour
C = 79 - 70: 2 points per semester hour
D = 69 - 60: 1 point per semester hour
59 and below = F 0 points per semester hour
FX (Failure due to non-attendance) 0 points per semester hour
IP (In Progress) 0 points per semester hour
W (Withdrawn) 0 points per semester hour
I (Incomplete) 0 points per semester hour
AUD (Audit) 0 points per semester hour
IP (In Progress) is given only in certain developmental courses. The student must re-
enroll to receive credit. COM (Completed) is given in non-credit and continuing
education courses. 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.
See "Health Science Program/Discipline Requirements" for grading scale
Evaluation Requirements:
Chapter Homework and
Assessments through Wiley Plus
12 Chapters @ 100 points each
There are some extra bonus points
built into the assignments
1200 points
Total 1200 points
Grading Scale:
90 - 100% = A 1080 to 1200 points
80 - 89% = B 960 to 1079 points
70 - 79% = C 840 to 959 points
60 - 69% = D 720 to 839 points
BELOW 60% = F 0 to 719 points
Textbook and Related Material (Required):
Text: Intermediate Accounting 14th
Edition with Wiley Plus
by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield
Publisher:Wiley and Company
SBN: 9781118088296 Bundled with Wiley Plus Code Loose Leaf
SBN: 9781118088289 Bundled with Wiley Plus Code with a Binder
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There are other versions with the Book-See link below
Volume 1 Chapters 1-14 9780470587287 without the Wiley Plus Code
Volume 2 Chapters 15-24
Combo Book of all 24 chapters 978-0-470-58723-2 without the Wiley Plus Code Combo Book of all 24 chapters Binder Book 978-0-470-91783-1 w/o WP
If you buy or rent a book, you will have to purchase the Wiley Plus code separate
http://www.wiley.com/WileyCDA/WileyTitle/productCd-EHEP001739.html
HCCS Bookstore Information is below
WileyPlus
This semester we will be using WileyPlus as an additional learning tool and for
testing. With WileyPlus you can buy the book as an ebook and it comes with
practice tests and quizzes, power point presentations, glossary and many other
learning tools. Also all of you assigned homework and assessments will be located
and taken in Wiley Plus. If you have already purchased your book because you
prefer a hard copy of the book from the book store it should have come with Wiley
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Plus code. If you bought your book without the Wiley Plus code, you can still
purchase the access code from Wiley. See Textbook and Related Material above. Wiley suggests the following method to log in: Optional log in by class search by locating Houston Community College in Wiley
System: https://edugen.wiley.com/edugen/secure/index.uni Students - Get Started houston comm coll Select by Course or by Instructor
Direct url link to your Wiley Plus if you already have an account:
http://edugen.wileyplus.com/edugen/class/cls249369/
DO NOT START YOUR WORK IN WILEY PLUS UNTIL 1/18/2012 AS THE
COURSE MAY STILL BE UPDATING BY WILEY PLUS AND INSTRUCTOR
Publishers Website:
http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0470587237&bcsId=6326
HCC Policy Statements
Link: http://www.hccs.edu/hccs/faculty-staff/policies-procedures-hcc
Americans with Disabilities Act (ADA)-Students with Disabilities:
Any student with a documented disability (e.g. physical, learning, psychiatric, vision,
hearing, etc.) who needs to arrange reasonable accommodations must contact the
Disability Support Services Office at the beginning of each semester. Professors are
authorized to provide only the accommodations requested by the Disability Support
Services Office.
DE students who are requesting special testing accommodations may choose the most
convenient DSS office for assistance each semester:
District ADA Coordinator – Donna Price – 713.718.5165
Central ADA Counselors – Jaime Torres & Martha Scribner – 713.718.6164
Northeast ADA Counselor- Kim Ingram – 713.718.8420
Northwest ADA Counselor – Mahnaz Kolaini – 713.718.5422
Southeast ADA Counselor – Jette Lott - 713.718.7218
Southwest ADA Counselor – Dr. Becky Hauri – 713.718.7910
Coleman ADA Counselor – Dr. Raj Gupta – 713.718.7631
After student accommodation letters have been approved by the DSS office and
submitted to DE Counseling for processing, students will receive an email confirmation
informing them of the Instructional Support Specialist (ISS) assigned to their professor.
Academic Honesty:
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Students are responsible for conducting themselves with honor and integrity in fulfilling
course requirements. Penalties and/or disciplinary proceedings may be initiated against a
student accused of scholastic dishonesty. “Scholarly dishonesty” includes, but is not
limited to, cheating on a test, plagiarism, and collusion. Anyone caught cheating will be
given an F on that assignment and possibly an F in the course. A report on the incident
will also be submitted to all appropriate school officials.
A student who is academically dishonest is, by definition, not showing that the
coursework has been learned, and that student is claiming an advantage not available to
other students. The instructor is responsible for measuring each student's individual
achievements and also for ensuring that all students compete on a level playing field.
Thus, in our system, the instructor has teaching, grading, and enforcement roles. You are
expected to be familiar with the University's Policy on Academic Honesty, found in the
catalog. What that means is: If you are charged with an offense, pleading ignorance of the
rules will not help you. Students are responsible for conducting themselves with honor
and integrity in fulfilling course requirements. Penalties and/or disciplinary proceedings
may be initiated by College System officials against a student accused of scholastic
dishonesty. “Scholastic dishonesty”: includes, but is not limited to, cheating on a test,
plagiarism, and collusion.
Cheating on a test includes:
Copying from another students’ test paper;
Using materials not authorized by the person giving the test;
Collaborating with another student during a test without authorization;
Knowingly using, buying, selling, stealing, transporting, or soliciting in whole or
part the contents of a test that has not been administered;
Bribing another person to obtain a test that is to be administered.
Plagiarism means the appropriation of another’s work and the unacknowledged
incorporation of that work in one’s own written work offered for credit.
Collusion mean the unauthorized collaboration with another person in preparing written
work offered for credit. Possible punishments for academic dishonesty may include a
grade of 0 or F in the particular assignment, failure in the course, and/or recommendation
for probation or dismissal from the College System. (See the Student Handbook)
Attendance:
As stated in the HCC Catalog, all students are expected to attend classes regularly.
Students in DE courses must log into their Blackboard class or they will be counted as
absent. Just like an on-campus class, your regular participation is required.
Although it is the responsibility of the student to withdraw officially from a course, the
professor also has the authority to block a student from accessing Blackboard, and/or to
withdraw a student for excessive absences or failure to participate regularly. DE students
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who do not log into their Blackboard class before the Official Day of Record will be
automatically dropped for non-attendance. Completing the DE online orientation does not
count as attendance.
Students are expected to log into the class at least twice a week to check for email and
discussion board postings. Checking in everyday would be advisable. Any modifications
to any schedule will be posted in an “Announcement”, email or a revision in the syllabus.
Drops and Withdrawals: HCC Course Withdrawal Policy (updated 7/26/2010)
Beginning Fall 2007, the State of Texas imposes penalties on students who
withdraw/drop courses excessively. Students are limited to no more than SIX total course
withdrawals throughout their educational career at a Texas public college or university.
Students are encouraged to review the HCC 6 Drop Policy.
To help you avoid having to withdraw from any class, contact your DE professor
regarding your academic performance. You may also want to contact your DE counselor
to learn about helpful HCC resources (e.g. online tutoring, child care, financial aid, job
placement, etc.).
HOW TO DROP
If a student decides to withdraw from a class upon careful review of other
options, the student can withdraw online prior to the deadline through their
HCC Student Center.
HCC and/or professors may withdraw students for excessive absences
without notification (see Class Attendance below).
Students should check HCC’s Academic Calendar by Term for withdrawal
dates and deadlines. Classes of other duration (flex-entry, 8-weeks, etc.) may
have different final withdrawal deadlines. Please contact the HCC Registrar’s
Office at 713.718.8500 to determine mini-term class withdrawal deadlines.
The final withdrawal deadline for regular term classes is March 29, 2012 at 4:30pm.
(Revised) Classes of other duration (mini-term, flex-entry, 8-weeks, etc.) may have
different final withdrawal deadlines. Please visit the online registration calendars or
contact the HCC Registrar’s Office to determine class withdrawal deadlines
International Students: Receiving a W in a course may affect the status of your student
visa. Once a W is given for the course, it will not be changed to an F because of visa
considerations.
Early Alert:
HCC has instituted an Early Alert process by which your professor may “alert” you and
DE counselors that you might fail a class because of excessive absences and/or poor
academic performance. A counselor will then reach out to you to discuss your progress
and offer any relevant resources. This initiative is designed to provide students with
support services and resources to assist them in successfully completing their course.
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Repeat Course Fee
The State of Texas encourages students to complete college without having to repeat
failed classes. To increase student success, students who repeat the same course more
than twice, are required to pay extra tuition. The purpose of this extra tuition fee is to
encourage students to pass their courses and to graduate. Effective fall 2006, HCC will
charge a higher tuition rate to students registering the third or subsequent time for a
course. If you are considering course withdrawal because you are not earning passing
grades, confer with your instructor/counselor as early as possible about your study habits,
reading and writing homework, test taking skills, attendance, course participation, and
opportunities for tutoring or other assistance that might be available.
Incompletes:
It is my policy not to give a grade of “I” (incomplete).
HCC Student Services Information
Link:
http://www.hccs.edu/hcc/System%20Home/Departments/Student_Handbook/student_polic
ies.pdf
DISTANCE EDUCATION: The Distance Education Student Handbook contains policies and procedures unique to
the DE student. Students should have reviewed the handbook as part of the mandatory
orientation. It is the student's responsibility to be familiar with the handbook's contents.
The handbook contains valuable information, answers, and resources, such as DE
contacts, policies and procedures (how to drop, attendance requirements, etc.), student
services (ADA, financial aid, degree planning, etc.), course information, testing
procedures, technical support, and academic calendars. Refer to the DE Student
Handbook by visiting this link:
http://de.hccs.edu/de/de-student-handbook
DISTANCE EDUCATION ADVISING AND COUNSELING SERVICES:
Much DE student information can be found on the DE Student Services website:
de.hccs.edu. Advising or counseling can be accomplished through our online request
form AskDECounseling. Counselors and Student Services Associates (SSA) can assist
students with admissions, registration, entrance testing requirements, degree planning,
transfer issues, and career counseling. In-person, confidential sessions can also be
scheduled to provide brief counseling and community referrals to address personal
concerns affecting academic success.
ASKDECOUNSELING FORM
AskDECounseling is a student services online help form. This is the best and quickest
way for students to get accurate assistance with DE registration, enrollment, advising, and
counseling. The online help form is simple to fill out, convenient, and readily accessible
through the internet. Students do not have to travel to campus sites, leave work, or wait in
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an office or lobby to receive assistance. Upon submission, student requests are answered
in the order they are received.
INTERNATIONAL STUDENTS
Please contact the International Student Office at 713-718-8520 if you have additional
questions about your visa status.
Distance Education Online Behavior:
As your instructor and as a student in this class, it is our shared responsibility to develop
and maintain a positive learning environment for everyone. Your instructor takes this
responsibility very seriously and will inform members of the class if their behavior makes
it difficult for him/her to carry out this task. As a fellow learner, you are asked to respect
the learning needs of your classmates and assist your instructor to achieve this critical
goal.
Virtual Classroom Conduct:
As with on-campus classes, all students in HCC Distance Education courses are required
to follow all HCC Policies & Procedures, the Student Code of Conduct, the Student
Handbook, and relevant sections of the Texas Education Code when interacting and
communicating in a virtual classroom with faculty and fellow students. Students who
violate these policies and guidelines will be subject to disciplinary action that could
include denial of access to course-related email, discussion groups, and chat rooms or
being removed from the class.
Instructor Requirements:
As your Instructor, it is my responsibility to:
Provide the grading scale and detailed grading formula explaining how student
grades are to be derived
Facilitate an effective learning environment through class activities, discussions,
and lectures
Description of any special projects or assignments
Inform students of policies such as attendance, withdrawal, tardiness and make up
Provide the course outline and class calendar which will include a description of
any special projects or assignments
Arrange to meet with individual students before and after class as required
To be successful in this class, it is the student’s responsibility to:
Attend class and participate in class discussions and activities
Read and comprehend the textbook
Complete the required assignments and exams
Ask for help when there is a question or problem
Keep copies of homework, projects, instructions, emails including this syllabus
SOCIAL NETWORKING:
DE students are encouraged to become a fan of DE on Facebook
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http://www.facebook.com/HCCDistanceEd and to follow DE on Twitter:
http://twitter.com/HCCDistanceEd
These social networking sites help DE foster student engagement and provide a sense of
community for the online learner. Students will also stay informed about important
information and announcements.
LIBRARY RESOURCES:
As a DE student you have the same access to first-rate information resources that the
HCC Libraries make available to all HCC students. A special website pulls together all
the tools DE students will need to get their research rolling. Visit Library Resources
specifically for Distance Education students.
Library services are available throughout HCC. Through a daily library delivery service
and a listing of all materials belonging to HCC libraries, books may be requested from
and delivered to any campus library. HCC also has cooperative borrowing agreements
with the University of Houston libraries and provides a copy of the Houston Public
library catalog at each library. These arrangements provide students with access to over 4
million volumes.
Special services provided by the library system include photocopying facilities;
specialized equipment for disabled students; group and personalized instruction in library
use, including a self-instructional media program to orient students to the use of the
HCCS libraries; a “term paper” workshop; and online bibliographic search services.
EGLS3 -- Evaluation for Greater Learning Student Survey System
At Houston Community College, professors believe that thoughtful student feedback is
necessary to improve teaching and learning. During a designated time near the 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.
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