Course Syllabus

 

 

 

Syllabus: ACC 101-2 &2A Financial Accounting 

 

 

 

Course Information

 

Course Title:  Financial Accounting

Course Prefix/Number: ACC101

Semester: Fall 2023

Class Days/Times:   Asynchronous

Credit Hours:  3 Cr. Hr.

 

Instructor Information

 

Name: Neal Wade

Phone/Voice Mail:  520-403-0002(text only include your name and course)

E-mail:  Nwade@tocc.edu     

Office location:  Online, Ha Mascamdam Ki #120

Office hours: T R noon-2:30, In person, Via Zoom or by Appointment 

 

Course Description

 

Introduces accounting as a service activity, analytical discipline, and information system. Includes quantitative information to make decisions, identification of events that characterize economic activity, and the collection and communication of economic activity. Also includes recording accounting data, internal control of assets, measurement and reporting of liabilities and owner’s equity.

 

Student Learning Outcomes

 

After completion of this course, students will be able to:

• Understand that accounting is the language of business, and the significance of accounting systems in generating reliable accounting information.
• Understand the nature and general purpose of financial statements and their relationship to one another.
• Identify the steps in the accounting cycle and the role of accounting records in an organization.
• Describe and use the accounting model, the measurement process involved, the data classifications, and the terminology of accounting.
• Describe the operating cycle of a merchandising company.
• Define financial assets and explain their valuation in the balance sheet.
• Understand the use of and difference between a perpetual and periodic inventory system and the need to take physical inventories.

 

Course Structure

 

This is course has two sections, in person and via zoom, and will be conducted at the same time.

 

This course consists of lectures, in-class work, homework and examination. 

 Each week students interact with Instructor and other fellow students through various learning activities in the course.

• Set aside time, at least 12 hours per week, for each course to study and be active online.
• Login to your class at least four times per week and actively participate in group activities and discussion posts.
• Do not wait until the last moment to complete learning activities and assignments. Try to be a week ahead in reading, so you can engage in active learning the week you are working on discussions, learning activities, and assignments.
• Be aware of long-term assignments like term papers and term projects, make a goal to work on a part of them each week.

 

Course Learning Materials and Textbook Information

 

You will need for the course:

• A basic calculator is required to complete assignments and quizzes.
• Microsoft Suite with Excel for assignments.

Recommended: Using a personal desktop or laptop computer.

Textbook: Principles of Accounting, Volume 1: Financial Accounting

Textbook is located online: https://openstax.org/details/books/principles-financial-accounting

 

Courses Outline and Important Dates

 

First day of instruction:                                        Aug 21, 2023

Labor Day College closed:                                    Sept 4, 2023

Drop/ Full Refund Deadline:                                Sept 5, 20323

O’odham Tas College Closed:                              Sept 29,2023

Fall Break-no classes:                                             Oct 2-6, 2023

St Francis Day: College Closed                              Oct 4, 2023

Withdrawal Deadline:                                              Nov 1, 2023

Veterans’ Day College Close:                                 Nov 10, 2023

Thanksgiving Holiday College closed                   Nov 23, 2023

Native American Heritage Day:  College Closed: Nov 24, 2023

Last Day of Instruction:                                            Dec 8, 2023

 

 Introduction to Accounting & Financial Statements

1. The importance of accounting and its impact on businesses
2. Principles of Accounting and the Accounting Cycle
3. Examine the Income Statement, Statement of Owner’s Equity, Balance Sheet and Statement of Cash Flows
4. Prepare a Trial Balance

 

 The Accounting Cycle  

1. Record and post adjusting entries
2. Prepare closing entries
3. Adjusted Trail Balance

 

Merchandising Operations 

1. Operating cycles and inventory systems
2. Purchases and sales of merchandise
3. Revenue recognition principle
4. Periodic versus Perpetual Inventory

 

 Asset Reporting & Liabilities

1. a) Tangible and intangible assets
2. Journalize current liabilities
3. Long-term liabilities amortization

 

Accounting for Businesses

1. a) Equity financing
2. Advantages and disadvantages of a partnership
3. Operating, investing, and financing activities
4. Statement of Cash Flow

 

Module 6: Internal Control and Ethical Issues 

1. a) Ethical considerations in accounting
2. Principles and limitations of internal control
3. Cash controls, monitoring, reporting, and managing.

 

Evaluations and Grading & Assignments:

 

90% and above is an A                    

80% - 89% is a B

70% - 79% is a C

60% - 69% is a D

Under 60% is Failing

 

Your grade will be determined by the following:

 

Your grade is the percentage of the points earned of the points available.

 

Himdag Cultural Component 

 

This class will incorporate aspects on how business impacts the culture for individuals and groups.

 

Policies and Expectations

 

Attendance Policy (Re: face-to-face, synchronous-virtual, or Flex courses)

You are expected to arrive to class on time and be prepared to participate in each class period. Four unexcused absences may result in a letter grade of “F” or an instructor withdrawal “FW” (see 45^th-Day Instructor Withdrawal policy). You may request to be excused from class for religious observances and practices, for illness, for school or work-related travel or for personal or family emergency. If you will be absent, please notify the instructor as soon as possible.

 

Attendance Policy (Re: asynchronous online classes)

You are expected to complete all learning activities, participation in class, assignments and quiz by the due dates listed in the course syllabus. Four consecutive missed due dates may result in a letter grade of “F” or an instructor withdrawal “FW” (see 45^th-Day Instructor Withdrawal policy). You may request to be excused from class for religious observances and practices, for illness, for school or work-related travel or for personal or family emergency. If you will be absent, please notify the instructor as soon as possible.

 

Make-up policy:

Late assignments that can be made up will be accepted but will be penalized 25%.  Laboratories cannot be made up except in the case of college closure. At the instructor’s discretion, extra credit opportunities and optional activities may be provided.

 

Academic Integrity:

Violations of scholastic ethics are considered serious offenses by Tohono O’odham Community College, the Student Services Department, and by your instructor. Students may consult the TOCC Student Handbook sections on student code of conduct, on scholastic ethics and on the grade appeal procedure.  Copies are available at Tohono O’odham Community College.

 

All work done for this class must be your own, or the original work of your group.  While you may discuss assignments with other class members, the final written project must clearly be original. You may use work from books and other materials if it is properly cited. Copying from a book without proper reference or from a person under any circumstances will result in an “F” for the assignment, and at the instructor’s discretion, possibly an “F” for the course. If you are uncertain about proper citations, ask your instructor or the librarian. 

 

Course Feedback:

All assignments will be graded and returned to the students promptly, typically within a week after the assignment is closed for handing in.  E-mail and phone messages will be returned within two days.  A student or the instructor may request a student conference at any time during the semester.  Quarterly grade reports will be provided to each student, either in person, by email or via the electronic system of Canvas.

 

Incomplete Policy

Incomplete (I) grades are not awarded automatically. The student must request an "I" from the instructor who can choose to award an Incomplete only if all three of the following conditions are met:

1. The student must be in in compliance with the attendance policy.
2. The student must have unavoidable circumstance that would prohibit the student from completing the course.
3. The student must have completed over 75% of the course requirements with at least a “C” grade.

Incompletes are not a substitute for incomplete work due to frequent absences or poor academic performance.  Incomplete grades that are not made up by the end of the ninth week of the following semester will be automatically changed to an F if the agreed upon work, as stipulated on the written form signed by the instructor and the student when the I grade is awarded, is not completed.

 

Faculty Withdrawals within First Two Weeks of Semester

At the Drop/Full Refund deadline of the semester (refer to the Academic Calendar), faculty may withdraw students from class for the following reasons: student has not logged into Canvas; has not submitted any work; and/or has not attended class (for virtual and/or in-person classes). Refer to the Academic Catalog, p. 37, for the entire policy.

 

 

 

45^th-Day Instructor Withdrawal Policy “FW” (Re: face-to-face, synchronous-virtual, or Flex courses)

Students who have missed four (4) consecutive classes, has not submitted any assignments, nor taken any quizzes by the 45th - day census report, due on [insert date of 45th - day found in Academic Calendar on TOCC website] are assumed NOT to be participating in the class and may be withdrawn at the faculty member’s discretion. After the 45^th - day censusf a student needs to stop attending a course, they must withdraw from the course (see Student Withdrawal Policy).

 

45^th-Day Instructor Withdrawal Policy “FW” (Re: asynchronous online classes)

Students who have missed four (4) consecutive course due dates for learning activities, participation, assignments, quizzes, exams, by the 45th - day census report, due on [date of 45th - day found in Academic Calendar on TOCC website] are assumed NOT to be participating in the class and may be withdrawn at the faculty member’s discretion. After the 45^th - day census, if a student needs to stop attending a course, they must withdraw from the course (see Student Withdrawal Policy).

 

Student Withdrawal Policy “W”

Students may withdraw from class at any time during the first two-third of the semester without instructor permission and without incurring any grade penalty.  Please be sure to withdraw yourself by [withdrawal deadline date found in Academic Calendar on TOCC website] if you do not expect to complete the class, otherwise you may receive an "F" letter grade for the course. For more information on the student withdraw process email admissions@tocc.edu.

 

 

Make-up policy:

Make up work is not accepted after the assignment closes without good reason I.E.  Family emergency.

Academic Integrity:

Violations of scholastic ethics are considered serious offenses by Tohono O’odham Community College, the Student Services Department, and by your instructor. Students may consult the TOCC Student Handbook sections on student code of conduct, on scholastic ethics and on the grade appeal procedure.  Copies are available at Tohono O’odham Community College.

 

All work done for this class must be your own, or the original work of your group.  While you may discuss assignments with other class members, the final written project must clearly be original. You may use work from books and other materials if it is properly cited. Copying from a book without proper reference or from a person under any circumstances will result in an “F” for the assignment, and at the instructor’s discretion, possibly an “F” for the course. If you are uncertain about proper citations ask your instructor or the librarian. 

 

Course Feedback:

All assignments will be graded and returned to the students promptly, typically within a week after the assignment is closed for handing in.  E-mail and phone messages will be returned within two days.  A student or the instructor may request a student conference at any time during the semester.  Quarterly grade reports will be provided to each student, either in person, by email or via the electronic system of Canvas.

 

Equal Access Statement/Disability Accommodations

Tohono O’odham Community College seeks to provide reasonable accommodations for qualified individuals with disabilities. The College will comply with all applicable regulations, and guidelines with respect to providing reasonable accommodations as required to ensure an equal educational opportunity. This process includes self-identifying as a student with a disability, providing supporting documentation of their disability, and being approved for services through the Disability Resources Office (DRO).It is the student's responsibility to make known to their instructor(s) the student’s specific needs within the context of each class in order to receive appropriate accommodations. We will work together in order to develop an accommodation plan specifically designed to meet the individual student's requirements.

 

For more information or to request academic accommodations, please contact: Anthony Osborn, TOCC Disabilities Resource Coordinator, aosborn@tocc.edu, or 520-383-0033 for additional information and assistance.

 

Title IX   

Tohono O'odham Community College encourages each student to have the knowledge and skills to be an active bystander who intervenes when anyone is observed or being harassed or endangered by sexual violence.  Sexual discrimination and sexual violence can undermine students’ academic success and quality of life on campus and beyond. We encourage students who have experienced or witnessed any form of sexual misconduct to talk about their experience and seek the support they need.

 

Confidential support and academic advocacy can be found with: Student Services Title IX Coordinator/Counselor, Alberta Espinoza, M.Ed. located in I-We:mta Ki: Room 18. Phone 520-383-0033 email: aespinoza@tocc.edu  

 

Conduct: Bias, Bullying, Discrimination and Harassment

Tohono O’odham Community College faculty and staff are dedicated to creating a safe and supportive campus environment as a core value.  Harassment based on age, class, color, culture, disability and ability, ethnicity, gender, gender identity and expression, immigration status, marital status, political ideology, race, religion/spirituality, sex, sexual orientation, and tribal sovereign status will not be tolerated.

 

Flexible statement/philosophy/policy

 

• Generative AI can play a supportive role in the learning process. While it is not a requirement, I recognize that AI can serve as a useful tool to support your learning experience. The goal is to encourage you to explore various learning aids, including generative AI powered tools, while still maintaining academic integrity. Remember to give credit where Additionally, exercise critical thinking to identify and address any inaccuracies that might arise.
• It is essential for students to be open and honest about their use of AI in assignments. My goal is to help students understand the importance of academic integrity and the responsible use of AI. Adhering to the course policies regarding AI is crucial to maintain fairness and equality for everyone in the learning environment.

 

 

How students disclose the use of generative AI:

            ‘Generative AI Disclosure’; - Make sure to link the chat history

 

• Generative AI Disclosure: This assignment was supported by the use of the AI platform,

ChatGPT. Specifically, I used GPT 3.5 to assist in the title creation (link here), although the

final title was modified slightly. I also used ChatGPT to give me grammar feedback (link

here). I implemented the chatbot’s recommendations.

 

How to Reference AI using APA format:

 

Reference

 

OpenAI. (2023). ChatGPT (July 30 version) [Large language model].

https://chat.openai.com/chat

Parenthetical Citation: (OpenAI, 2023)

*This citation includes the name of the organization (OpenAI), the year of publication (2023), the specific name of the model (ChatGPT), the version date (July 30), and the type of model in square brackets (Large language model). Additionally, the citation provides the URL where the model can be accessed.

 

Example of an AI Disclosure:

Claude.AI & ChatGPT

AI disclosure: This guide was written with the help of Claude.AI and ChatGPT AI, generative AI platforms. Claude was used to generate an idea to this generative AI policy outline, and the human author edited and modified the provided outline. ChatGPT was used to edit the policy outline. Claude provided the first draft of the example policy language, which was reviewed and edited by the human author

 

 

DISCLAIMER: This syllabus is designed to evolve and change throughout the semester based on class progress and interests. You will be notified of any changes as they occur.