College Accounting Syllabus (ACC 101-CAP-Clinton Community College)

Course Description & Prerequisites:

Prerequisites:  First-Year Accounting Course offered at Northeastern Clinton.
   (Please see First-Year course syllabus at www.nccscougar.org/rhunter )

Introduction

 College Accounting-ACC 101 is a comprehensive, two-semester, one-year course designed to bring the real world of accounting into the classroom. Students will have the opportunity to use real-world source documents and real-world financial statements.  Students will be introduced into the basic principles of accounting; accounting cycle; cash, short-term investments and Accounts Receivable; Notes Receivable, Accounting for Inventories; Property, Plant, and Equipment Assets and Intangible Assets; Notes Payable, Accounts Payable, and other current liabilities; Long-term liabilities; Stockholder’s Equity: Contributed Capital & Earnings & distributions; the worksheet, adjustments, and financial Statements; analyzing and interpreting Financial Statements; The Statement of Cash Flows. 
 

Course Objectives

The prime objective of this course is to introduce students to the double-entry system of accounting for sole proprietorship and corporate forms of business enterprises by using real-world applications and connections.

Other important objectives include the following:

• Students develop a basic understanding of accounting theory, practice & application for sole
   proprietorships & merchandising corporations.

• To help students develop personal and professional skills for school and work.

• To help students understand the relationship between the manual system of accounting and a
   computerized system.

• To help students find success in accounting through a strong understanding of each chapter’s
   objectives.

Course Textbook & Other Requirements:

The curriculum materials to be used in this course include the following:

• Glencoe Accounting:   Real-World Applications & Connections Advanced Course textbook

• Glencoe Accounting:   Real-World Applications & Connections Advanced Course Chapter Reviews and
   Working Papers

• Ruler (6” inch preferably, it will fit in your textbook)

• Two-Three pencils, two pens.

• Hand-held calculator (with business mathematic capabilities)

• Accounting Portfolio (folder kept in our room)

Students will be expected to do daily assignments, complete homework, and participate in class discussions. Classroom activities will include group discussions, problem solving, mini-practice sets\simulations, and individualized instruction. Students are encouraged to work independently and assist others when appropriate.

Grading Scale:

Tests................................................................................................................60%
Class work / Homework..........................................................................................20%

Teacher Evaluation...............................................................................................20%
 

Tests:  Students retention of course content is assessed periodically, usually weekly.  A Mid-Term and Final Exam will be administered. Students will be tested at the end of each chapter and unit. Chapter tests consist of problems and matching vocabulary, true/false, multiple-choice, and thinking critical questions. The time required to complete a chapter test is usually 30–40 minutes. Unit tests are designed like chapter tests and are administered after completing four to five chapters. Unit tests are usually required to be completed in about 40–60 minutes.

If a student misses a test, it is the student’s responsibility to make arrangements with the instructor to make up the test within three-school days from the date of absence. A fair and reasonable amount of time will be made to accommodate students with lengthy absences.

Classwork / Homework: Homework will be assigned, collected and graded periodically.  All late work will not be accepted.  If a student is absent or ill, they will have one week from the date of absence to make up all work.

Teacher Evaluation:  This subjective grade will include daily attendance, student behavior, classroom preparation, homework, daily work effort, and a notebook that should be updated daily and class participation.  (Preparation includes a student’s ability to bring required materials to class on a daily basis.)

Grading Scale Including Quality Points):  (CCC endorsed Grading Scale.)

95 - 100   A     4.0
90 - 94     A-    3.7
87 - 89     B+   3.3
83 - 86     B     3.0
80 - 82     B-    2.7
77 - 79     C+   2.3
73 - 76     C     2.0
70 - 72     C-    1.7
65 - 69     D+   1.3
60 - 64     D     1.0
0   - 59     F      0

WY    =    Involuntary Withdrawal  (No Credit; No Quality Points)  

Course Outline & Assignments:  The Glencoe Accounting:   Real-World Applications & Connections-Advanced Course textbook will be a new adoption for the fall of 2008.  This outline may include some content (Specifically the Payroll System) from the First-Year Accounting Course prerequisite.  This outline is subject to change: