Accounting Principles I Syllabus for 2021-2022
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Instructor Information

Office Location

R. E. Byrd Business Building 302C

Office Hours

Professor Susan Burks
  
Fall 2024 Office Hours

Office:  BYRD 302 C

Office Hours:
In person walk-in hours are Tuesdays and Thursdays 7:30 a.m. - 8:45 a.m. 
No appointment needed.

Virtual office hours are available for all students in online and hybrid classes.  These are very flexible and I am available whenever you need me as I know your class, work, and family obligations vary.  You can email me 24/7.  If we need to visit over the phone, via Google Meet, or in person we can schedule a mutually convenient time. I will provide a Google Meet link in your class in Blackboard to meet virtually.
 

Email:
Current students are expected to email me through your course messages in Blackboard.  Make sure you are in your course and click the envelope next to my name on the left side menu of your course.  IF Blackboard is down, you can email me directly.

All others can email sgburks@actx.edu.

If you email me directly, always provide your first and last name, class and section number if currently enrolled or student id if not currently enrolled.  Unless Blackboard is down, currently enrolled students are expected to email me from the course.

You can address me as Professor Burks or Mrs. Burks in your email.

 

Course Information

COVID-19 Protocols

Recording Policy

Disability Statement

If you have a disability (learning, mental, physical) that affects your ability to participate effectively and have access to any program or service at Amarillo College please contact Disability Services at (806) 345-5639 . Our offices are located in the Student Service Center office 112. More information may be found at www.actx.edu/disability.
Disability Services facilitates access to all programs and services according to the ADA, Americans with Disabilities Act and Section 504 of the Rehabilitation Act, as well as other federal and state laws.

Amarillo College Web Accessibility Policy Statement

Amarillo College is committed to providing equal access to all programs and services, including all working, learning, and service environments that affect equal access for persons with disabilities. This commitment to provide equal access and opportunity for persons with disabilities is in compliance with federal and state law. Amarillo College also strives to provide Electronic and Information Resources (EIR) that are accessible to all authorized users.

If you find you are unable to access material in an accessible format please contact the Disability Services Office at (806) 345-5639 . This office will work in conjunction with other campus resources to address and accommodate your issue in a timely manner.

Statement for Mental Health and Advocacy & Resource Center:

As a student you may experience a range of issues that can cause barriers to learning, such as strained relationships, increased anxiety, alcohol/drug problems, feeling down, difficulty concentrating and/or lack of motivation. These mental health concerns or stressful events may lead to diminished academic performance or reduce a student's ability to participate in daily activities. Amarillo College offers services to assist you with addressing these and other concerns you may be experiencing. If you or someone you know are suffering from any of the aforementioned conditions, you can learn more about the broad range of confidential mental health services available on campus by calling the AC Counseling Center at 806-371-5900. The AC Counseling Center website is https://www.actx.edu/counseling/ . Also, if you are in need of social services (affordable housing, utilities, transportation, food, clothing, childcare, medical/dental/vision, legal), please call the AC Advocacy & Resource Center at 806-371-5439. The AC Advocacy & Resource Center website is https://www.actx.edu/arc

Amarillo College Tutoring for Success Policy:

The Tutoring for Success policy applies to any student whose grade or performance in the course falls below a departmentally determined minimum threshold. In either of those cases, the instructor will direct the student to the appropriate tutoring service, which may be faculty-led, discipline-specific, and/or general. Under this policy, the instructor will follow specific departmental guidelines governing the use, duration, and grade component of the tutoring need.

Administrative Drop Policy

Students who do not attend class on or prior to the census date will be administratively dropped. Effective Fall, 2016

Student Withdrawal Procedures

Students who wish to withdraw from a course must complete all steps indicated on the Academic Withdrawal Request form by the course withdrawal deadline.

NOTE: Students who are attending Texas institutions of higher education, for the first time fall 2007 and later, may not withdraw from more than six courses during their academic career. This withdrawal limitation does not include dual credit or developmental classes (Senate Bill 1231 Rule 4.10.) For more information on Drop and Withdrawal Policies, please visit the Registrar's Office Web site.

Privacy Statement

The Amarillo College Privacy Policy is found at https://www.actx.edu/-amarillo-college-privacy-notice , and applies to all Amarillo College students.  If you have questions about this privacy statement or you believe that your personal information has been released without your consent, send email to humanresources@actx.edu .

Course

ACCT-2301-001 Accounting Principles I

Prerequisites

Course 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 company. Students will be exposed to International Financial Reporting Standards (IFRS).

Student ResourcesStudent Resources Website

Department Expectations

Occupational License Disclaimer

Notice to Students enrolled in an educational program for preparation of issuance of certain occupational licenses:

Students enrolled in an educational program in preparation for obtaining certain occupational licenses are potentially ineligible for such license if the student has been convicted of an offense. For further information, please contact:

Melodie Graves
Justice Involved Advocate
Student Service Center 117
mgraves24@actx.edu
806-371-5995
Make appointment at https://melodiegraves.youcanbook.me

You can also contact the Legal Clinic, or the faculty member in charge of the educational program that you seek to enroll in. The further information you will receive will include notification to you of your right to request a criminal history evaluation letter from the licensing authority in order to clarify your particular situation.

Hours

(3 sem hrs; 3 lec)

Class Type

Online Course

Syllabus Information

Textbooks


The REQUIRED textbook will be used for both ACCT 2301 and ACCT 2302.

Accounting, 28e, Warren/Jonick/Schneider, Cengage Learning 

I don't care what version of the book (ebook, printed loose leaf, hardback, printed rental) you choose as long as you have a book.

If you purchase the book in the AC Bookstore, it is offered in a discounted bundle with a loose leaf copy of the book and the CengageNow online access code with the following ISBN 035749976X for $176.75.

You can also purchase the book directly on the publisher’s website here with the version that matches your preference:

Cengage

Loose Leaf + Access Code ISBN: 9780357499771
Hardback Textbook ISBN: 978-1-337-90268-7
eBook : 978-0-357-691564
Printed Rental:  9781337902687

If you have other classes that use Cengage, the Cengage Unlimited option is a good choice.

The CengageNow access code is not required for this class.  However, many students find it very helpful to complete homework, tutorials, and quiz/exam study reviews.  Keep in mind that if you purchase a new or used textbook separately, you have to pay extra for the access code to CengageNow.   If you are unsure, there will be a link provided in the course in Blackboard to access a free 1 week trial to help you decide.  You will use the textbook for both ACCT 2301 and ACCT 2302. 

If you do not want to purchase the CengageNow access code, you should also be able to find less expensive used books, rental books, and new books online at sites such as Amazon.  Click this link for the book on Amazon.  Accounting Book

Supplies

Paper, pencil, pen, and calculator.  You also need a computer or laptop with reliable internet access to complete all course assignments, quizzes, and exams. You cannot complete the assignments for this course on a cell phone.  Excel will be required for the Comprehensive Problem.  A link for a free online student version will be provided in the course in Blackboard.  Note that Amarillo College provides free computer and wifi use in The Underground on the Washington Street Campus. 

Student Performance

  1. To identify and apply generally accepted accounting principles, concepts, and procedures.
  2. To identify and process steps in the accounting cycle for service and merchandising enterprises.
  3. To identify and process transactions relating to assets, liabilities, and capital accounts.
  4. To describe the accounting profession.
  5. To describe the effects of transactions on the accounting equation through the financial statements using generally accepted accounting principles.
  6. To record transactions utilizing subsidiary ledgers in an accounting system of specialized journals and describe the features of an effective accounting information system.
  7. To identify features of an effective internal control system and control over cash through preparation of a bank reconciliation, recording petty cash disbursements, and recording transactions in a voucher system.
  8. To define different types of receivables and record transactions relating to bad debt receivables and notes receivable.
  9. To analyze different methods of accounting for merchandise inventory including perpetual and periodic systems.
  10. To identify the elements of a fixed asset cost including contrasts of capital from revenue expenditures, record depreciation by three methods, record depletion of natural resource, amortize intangible assets, and record the disposal of fixed assets.
  11. To classify liabilities as current or long-term, make basic payroll entries, and cite examples of contingent liabilities.

By the end of the semester the student will be able to satisfactorily complete all the learning objectives listed in the Student Performance/Learning Objectives with a minimum of 70 percent competency level based on the completion of the exams and other assignments administered under the supervision of the instructor.

Students Rights and Responsibilities

Student Rights and Responsibilities

Log in using the AC Connect Portal

In order to receive your AC Connect Email, you must log in through AC Connect at https://acconnect.actx.edu .

If you are an active staff or faculty member according to Human Resources, use "Exchange". All other students, use "AC Connect (Google) Email".

Expected Student Behavior

Refer to Student Rights and Responsibilities Policy.

Grading Criteria

Quiz and exam due dates will be listed in the course online in Blackboard.

Course Grade
90% – 100% =  A
80% – 89%   =  B
70% – 79%   =  C
60% – 69%   =  D
Below 60%   =  F
*Note that most universities require a grade of “C” or higher in order for the course to transfer. 

GRADE CALCULATION

35% Required Quizzes – Required Quizzes for each chapter have between 10 and 20 questions and must be completed before 11:59 pm on the due date listed in Blackboard. The Required Quizzes are taken online in Blackboard.  Quizzes open once the chapter has been assigned. Required Quizzes (Average of highest 10 of 11) count as 35% of your course grade.

15% Comprehensive Problem – You will be assigned a comprehensive problem covering all the steps in the Accounting Cycle.  The due date will be listed in Blackboard.  The comprehensive problem will count at 15% of your course grade. If you choose to not submit it and/or you score less than 50%, you will be REQUIRED to take the Comprehensive Final AND you forfeit the option to drop your lowest exam score.

50% Exams  –  You will have 4 Major Exams and a Comprehensive Final Exam. Your exam average will be the average of your 4 highest scores out of the 4 Major Exams and the Comprehensive Final Exam IF you take all 4 Major Exams and score at least 50% on the Comprehensive Problem.  The exams will consist of  multiple choice, true/false, and short answer questions/problems.  The Instructor will determine if the exams are taken online or at the AC Testing Center. All online exams will be timed.  The average  exam scores will count as 50% of your course grade.  There are NO make up exams.  You must make arrangements in advance if you will miss an exam.  If you miss an exam and have not made arrangements to take the exam in advance, you will receive a zero. If you miss a Major Exam, you will be REQUIRED to take the Comprehensive Final Exam.  If  you do not score at least 50% on the Comprehensive Problem, you are REQUIRED to take the Comprehensive Final Exam, forfeit the option to drop your lowest exam grade, and your Exam Average will consist of your scores on the 4 Major Exams and the Comprehensive Final Exam.

HOMEWORK:  The instructor will assign exercises and/or problems to be completed.  Homework will not be turned in to nor graded by the instructor; however, there is usually a high correlation between success on the exams and successful completion of ALL homework assignments.

 LESSONS & NOTES:  Lesson / lecture videos, notes, handouts, homework assignments/solutions, chapter reviews, etc. will be posted in Blackboard. 

Attendance

You are expected to login to the course in Blackboard frequently. It is the responsibility of the student to learn the material through independent reading, material posted on Blackboard, and CengageNow study tools.

DEADLINE TO DROP THE COURSE*:  Thursday, June 23.
*It is the STUDENT's responsibility to fill out the withdrawal form and obtain approval signature from the instructor. The instructor will then forward the completed form to the AC Registrar's office.  The form will be posted in the course in Blackboard.

Calendar

TENTATIVE SCHEDULE: This schedule is subject to change by the instructor at any time. Please refer to the class schedule listed in Blackboard for specific due dates.

WEEK

DISCUSSION

1 & 2

Chapter 1 - Introduction to Accounting and Business

Chapter 2 - Analyzing Transactions

Chapter 3 - The Adjusting Process

QUIZZES for Chapters 1, 2, 3 DUE
EXAM 1 over Chapters 1, 2, 3

3 & 4

Chapter 4 - Completing the Accounting Cycle

Chapter 5 - Accounting Systems

Chapter 6 - Accounting for Merchandising Business

QUIZZES for Chapters 4, 5, 6 DUE
EXAM  2 over Chapters 4, 5, 6

COMPREHENSIVE PROBLEM DUE

Chapter 7 - Inventories

5 & 6

Chapter 8 - Sarbanes-Oxley, Internal Control, and Cash

Chapter 9 - Receivables

QUIZZES for Chapters 7, 8, 9 DUE
EXAM 3 over Chapters 7, 8, 9

Chapter 10 - Fixed Assets and Intangible Assets

Chapter 11 - Current Liabilities and Payroll

QUIZZES for Chapters 10, 11 DUE
EXAM 4 over Chapters 10, 11

COMPREHENSIVE FINAL EXAM  over Chapters 1 - 11

Additional Information

1. Accounting is a challenging class to take online. The class requires self discipline and motivation. You will be expected to learn the material through reading the textbook, reading the instructor notes, taking notes while watching lesson videos, completing the homework assignments, and using the CengageNow study tools as needed.

2. You will need access to a computer with reliable internet connection.  You should use Firefox as your browser at all times when in Blackboard. 

3. The class demands a great deal of time. Online courses usually take more time than hybrid or traditional classes. Please plan to spend 5-6 hours per chapter to learn the material.  We will complete about three chapters every 1 1/2 weeks.

ALL students will use AC Connect - Blackboard for required class problems, quizzes, and exams as assigned.

Students are expected to login to the course in Blackboard frequently for announcements and other class instructions and assignments.  All dues dates will be posted in the course in Blackboard.

Syllabus Created on:

05/06/22 9:05 PM

Last Edited on:

05/06/22 9:16 PM