COURSE DESCRIPTION

This course will introduce the basic accounting procedures needed to maintain daily records for a small business and the use of such records in the decision-making process. Emphasis is on analyzing and recording financial transactions, classifying and summarizing data, and preparing financial statements. Basic payroll functions will also be introduced. This course does not transfer to a four-year college.

OBJECTIVES/COMPETENCIES

The objectives below, along with others determined by individual students, will be demonstrated through satisfactory performance on assignments/tests and through participation in class discussions. Expectations for each assignment will be explained well in advance of due dates.

1. The student will develop and demonstrate critical thinking skills by analyzing financial transactions.
2. The student will develop and demonstrate effective written and oral communication skills.
3. The student will develop and demonstrate effective problem solving skills.
4. The student will demonstrate college-level demeanor both within and outside the classroom by meeting deadlines, attending class, and following the rules of the instructor and the College.
5. The student will show sensitivity in everyday relationships based on a fuller understanding and appreciation of cultural diversity by communicating and cooperating with the instructor and class members.
6. The student will acquire and demonstrate discipline specific knowledge and skills:
   1. Define accounting terms.
   2. Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relationships in the accounting equation.
   3. Analyze how transactions affect accounts in an accounting equation.
   4. Journalize transactions.
   5. Post amounts from a journal to a general ledger.
   6. Reconcile a bank statement.
   7. Establish and replenish petty cash.
   8. Prepare an income statement and a balance sheet.
   9. Plan and post adjusting entries.
   10. Prepare payroll records including time cards, payroll register, earnings records, and payroll checks.

REQUIRED BOOKS AND MATERIALS

1. Accounting Fundamentals 7th ed. by Curran and Flashner  (Glencoe-McGraw-Hill)
2. Flash Disk, Pen, Pencil, Highlighter and paper
3. Notebook or Pocket Folder for handouts

CLASSROOM PROCEDURE

Class time each day will consist of lectures, demonstrations, and discussion of problems that accompany each chapter. Expect to cover at least one chapter per class meeting. Students are encouraged to ask questions and actively participate in discussions.

HOMEWORK ASSIGNMENTS

You can expect homework to be assigned at every class meeting. Assignments serve to reinforce chapter material.. If you expect to master the material, you must complete the assigned work. Homework assignments will be checked at the beginning of the class period on the due date. No late homework is accepted without prior instructor permission.

TUTORING

Students having difficulty with this course should schedule a conference with the instructor immediately. The study of accounting is a building process. You must understand chapter one in order to do well on chapter two, etc… Do not get behind in your work. I am available to help you, but you must communicate to me that you are having difficulty understanding the material.

ATTENDANCE

You are expected to be punctual and attend every class meeting. Absences will be recorded. Excessive absences will be reported and may affect financial aid. If it is necessary to miss a class, it is your responsibility to determine what material was covered and what will be expected prior to the next class meeting. I also expect students to be prepared for class and to participate in class discussion when appropriate.

AUDIT POLICY

Students auditing a course will be wait-listed until the first day of class and then will be registered on a space-available basis. Students auditing will pay all tuition and fees associated with the course. Since no grade is assigned for this audit (visitor) status, it will not transfer to another college or university, it will not qualify a student for Pell Grand or Veteran’s benefits, and it will not be listed on the college’s transcript or count toward full-time status. A registered student may change from an audit status to a grade status only during the specified period of late registration. Once instruction begins, no student may change from a grade basis to an audit status.

EVALUATION

1. During the course, each student will take five (5) tests. Each test will be announced at least one week in advance. In addition, a comprehensive final exam will be give at the end of the semester. The test breakdown is:

            Test 1 – Chapters 1 – 6
            Test 2 – Chapters 7 – 10
            Test 3 – Chapters 11 – 20
            Test 4 – Chapters 21 – 26
            FINAL – All Chapters

2. Homework is due at the beginning of the class period. Credit will be given for each homework assignment. If a student fails to submit homework, a zero is recorded for that assignment. No late homework will be accepted. No homework score will be dropped.
3. Weights:

            Tests............................................................ 70% of final grade
            Homework.................................................. 20% of final grade
            Final Exam................................................. 10% of final grade

4. Grading scale for Basic Accounting is as follows:

            90 – 100              A
            80 – 89                B
            70 - 79                C
            60 - 69                D

SPECIAL NEEDS

Students requiring special services or equipment should speak with the instructor about the individual need within the first two weeks of the semester.

ADA POLICY

National Park Community College is committed to providing educational opportunities to all qualified individuals, and in doing so, complies with the Americans with Disabilities Act of 1990 (ADA) and Section 501 of the Rehabilitation Act of 1973 which states that no qualified person shall, because of their disability, be denied access to, participation in, or the benefits of any program or activity operated by the College. Students having questions about accessibility or requesting reasonable accommodations as indicated in the ADA or Section 504 should contact Ms. Audrey Smelser in Student Services.

STUDENT CONDUCT

1. All cell phones/pagers are to be turned off or set to vibrate during class. In addition, please remove headphones/earbuds during class. You are in class to learn Basic Accounting - not to entertain yourself with music etc...
2. No smoking, eating, or drinking is permitted in the classroom.
3. No children are allowed in this or any other classroom at any time.
4. Students are expected to uphold the school’s standard of conduct relating to academic honesty. Students assume full responsibility for the content and integrity of the academic work they submit. The penalty for violating the honor code is severe. Any student violating the honor code is subject to receiving a failing grade for the course and will be reported to the Vice President for Student Services. Students shall be guilty of violating the honor code if they:

a.       Represent the work of others as their own
b.       Use or obtain unauthorized assistance in any academic work
c.       Give unauthorized assistance to other students
d.       Misrepresent the content of submitted work.

MSDN ACADEMIC ALLIANCE

Software through the MSDN Academic Alliance is available to all Business Division students. You may download various Microsoft applications such as operating systems, Access, and Visio to a CD or you may purchase the software on a CD from Microsoft for approximately $10. If you choose to download files, preferably to a designated computer in the Computer Center, you will then burn the files to a CD that you furnish.

 To receive rights to this software, send an e-mail from your NPCC e-mail account to msdn@npcc.edu after the eleventh day of the semester. E-mails from accounts other than a NPCC account will not be accepted. You will have this option until approximately the fifth week of the semester. If you are enrolled in a late-start class, specific dates will be given on the first day of your class.

HOW TO CONTACT YOUR INSTRUCTOR

Office: Business Faculty Offices #215
Phone: 501-760-4322 (leave a voice message if unavailable)
Lstanley@npcc.edu
 

Important Dates
Feb 26               Class begins
Mar 14              Mid Term grades due
Mar 26-Apr 1    Spring Break
Apr 2                Last day to drop classes with a grade of "W"
Apr 9                Priority Registration Begins for Spring Classes
May 11              Final Exam given from 11:00 - 1:00
May 17               Final Grades Due @ Noon

Disclaimer
The above schedule, policies, and assignments in this course are subject to change in the event of extenuating circumstances or by mutual agreement between me, the instructor, and you, the students.