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This webpage provides an abbreviated version of the
official SAC on-line eSyllabus. Selected items
have been presented here for quick reference.
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To obtain a
copy of the official syllabus, click on the PDF icon button
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ACCT 2301
Syllabus Basics |
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A.
CATALOG DESCRIPTION. This
course is an introduction to the fundamental concepts of
financial accounting as prescribed by U.S. generally accepted
accounting principles (GAAP) as applied to transactions and
events that affect business organizations. Students will
examine the procedures and systems to accumulate, analyze,
measure, and record financial transactions. Students will use
recorded financial information to prepare a balance sheet,
income statement, statement of cash flows, and statement of
shareholders' equity to communicate the business entity's
results of operations and financial position to users of
financial information who are external to the company.
Students will study the nature of assets, liabilities, and
owners' equity while learning to use reported financial
information for purposes of making decisions about the
organization. Students will be exposed to International Financial
Reporting Standards (IFRS).
B. PREREQUISITES:
Basic Skills Prerequisites: ENGL 0300, READ 0302, MATH
0300
Sophomore standing or consent of department chair or designate
C. TEXT AND SUPPORT MATERIALS.
John
Wild / Ken Shaw, 2022
Financial & Managerial
Accounting, 9e, McGraw-Hill Education
(ISBN-13:
978-1-264-09867-5)
The e-book
and homework access have been included as Instructional
Materials (IM) for this course, with an
Instructional Materials Charge.
No additional text materials are required.
Computer
access for homework and on-line exams.
Basic Calculator
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Class
Periods
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Section
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Days |
Times |
Room |
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Remote
via Zoom
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Assignments for
Financial Accounting (ACCT 2301) |
Tentative
Schedule
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2025 Semester (No Class Scheduled) |
Assignments |
Week
of
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Chapter
Topic |
Chapter |
Problem |
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Course
Introduction
Accounting
in Business |
1 |
1-7A |
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Accounting
for Business Transactions
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2 |
2-2A |
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Adjusting
Accounts for Financial Statements
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3
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3-5A
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Accounting
for Merchandising Operations
Review for Exam #1 (Chapters 1-3) |
4 |
4-1A |
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Inventory
and Cost of Sales
Exam #1 (Chapters 1-3) |
5 |
5-1A |
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Cash,
Fraud, and Internal Controls |
6 |
6-3A, 6-5A |
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Accounting
for Receivables
Review for Exam #2 (Chapters 4-6) |
7 |
7-2A, 7-5A |
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Accounting
for Long-Term Assets
Exam #2 (Chapters 4-6) |
8 |
8-2A |
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Accounting
for Long-Term Assets (Continued) |
8 |
8-6A,
8-7A |
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Accounting
for Long-Term Liabilities |
10 |
10-2A,
10-8A, 10-9A |
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Corporate
Reporting and Analysis
Review for Exam #3 (Chapters 7-10) |
11
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11-2A |
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Reporting
Cash Flows
Exam #3 (Chapters 7-10) |
12
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12-3A |
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Analysis
of Financial Statements
Review for IFRS Quiz |
13
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13-5A |
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Review for Exam #4 (Chapters
11-13)
IFRS Quiz |
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Exam #4 (Chapters
11-13)
Comprehensive Final Exam Review |
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Final Exam (Chapters
1-13) (See schedule below) |
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Note: One extra credit Comprehensive
Problem, has a specific
due date,
which is provided in the official syllabus.
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Current Semester
No-Class Days |
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Special Instructions
for Assignments |
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Optional
General Ledger Computer Problems |
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number of General Ledger software problems can be substituted for
the assigned textbook problems, or you might want to
just try the software for the opportunity to apply
classroom subjects to simulated business
environments. |
(1) The
General Ledger software is provided for your use, but can
only be run on a PC using a Microsoft Windows operating system. A
software orientation
will be provided.
(2)
We will continue to use the General Ledger software from a
previous
textbook edition. Therefore, we will use a different set of similar
problems
for your optional computer assignments. I will provide you a
handout for each of those problems (these
assigned problems are not
in the
current textbook).
(3)
Any computer
problems, opted for completion, will be turned in by an e-mail. The
grade for the completed assignment will be posted to the Canvas
System.
(4) You will keep all printed
materials for each problem.
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Connect
System Assigned Problems |
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| McGraw-Hill’s Connect
Homework System is used for this course. |
a.
It is a web-based assignment and assessment solution that can be used to
accomplish your homework assignments.
b. Registration: All accounting classes
are a part
of the Instructional Materials (IM)
Program. When students enroll in this course, part
of the course tuition will
include a fee for the Connect System. Also included will
be access to an e-textbook.
c. A separate handout will be provided, with
registration information and procedures.
d.
If you have any technical issues when
registering or using the on-line homework
system,
contact the McGraw-Hill technical team at the following
website :
http://mhedu.force.com/CXG/s/ContactUs
e. Immediate feedback and grading is provided, by
the Connect System, as
you work the assigned problems.
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If you have trouble registering or other Connect System issues, you can also call
McGraw-Hill at 1-800-331-5094 for assistance. |
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Other Assignment
Information |
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A. When more than one
problem is assigned for a chapter, the grades for all of that
chapter's assignments
will be
averaged into a single grade.
B. You will retain actual homework
papers.
C. Comprehensive Problem. The
following comprehensive problem is optional work that can be
completed for
extra credit. Extra credit earned can be up to 8%, added
to your total course basic
grade, based
on the quality of the work accomplished. The tentative due
date for this problem is
indicated
below.
Due Date
Comprehensive Problem ....................
D. Chapter Exams.
1.
Four chapter exams will be conducted, as scheduled, in the
course syllabus.
2. An
exam review will be provided and discussed the class session
prior to each actual exam date.
3.
Please advise in advance (when possible) if you will miss an
exam, so that arrangements can be
made for a make-up exam. All make-up exams, not
otherwise scheduled, will be given the last week
before the course final exam date.
E. Final Exam. The Final
Exam is comprehensive, will consist of both objective and
problem-type
questions,
and will be given at the end of the semester. Everyone must
take the final exam.
F. All
exams will normally be scheduled and completed through the
College Canvas System.
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Final Exam Schedule |
Section
Date
Time
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Course Grading
Structure |
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(1) Assigned Problems.....................
12%
(2) Chapter
Exams............................. 60%
(3) IFRS
Quiz.......................................
1%
(3) Final
Exam......................................
20%
(4) Attendance/Participation............
7%
Total.................................................. 100%
Extra Credit:
Comprehensive Problem...............
8%
Course
Survey..................................
2%
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