Course Syllabus

 

ACC101-2 Financial Accounting

 

Course Information

 

Course Title:  Financial Accounting

Course Prefix/Number: ACC101-2

Semester: Spring 24

Class Days/Times:   TR 3pm-4:15pm

Room: Ma:cidag Ki Clrm#4

Credit Hours:  3 Cr. Hr 

 

Instructor Information

 

Name: Neal M. Wade

Phone/Voice Mail:  520-497-1517

E-mail:  nwade@tocc.edu      

Office location:  #120 Mascamdam ha-ki

Office hours: 11am-noon MTWR

 

Important Dates:

 

2024 Spring Admissions Deadline:                   Jan 12, 2024

Martin Luther King Day:                                   Jan 15, 2024

 First Day of Instruction:                                    Jan 16, 2024

 Registration Deadline:                                      Jan 19, 2024

Drop/Full Refund Deadline                                Jan 29, 2024

President's Day - College Closed                       Feb 19, 2024

45th Day Census                                                Feb 29, 2024

Spring Break - No Classes                                 Mar 4 - 8, 2024            

Graduation Application Due                              May 1, 2024

Withdrawal Deadline                                          Mar 27, 2024

Last Day of Instruction                                        May 3, 2024

 

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.

Course Learning Materials and Textbook Information

 

[list text(s), and materials students will need, should correspond to textbook order as filed with the bookstore. If it is an OER, provide title and link to access the textbook]

 

Courses Outline and Schedule of Activities

You will need for the course:

• A basic calculator is required to complete assignments and quizzes.
• A spreadsheet app such as MS Excel or Google Sheets

Recommended: Using a personal desktop or laptop computer.

Textbook: Principles of Accounting, Volume 1: Financial Accounting ( textbook is offered through the course modules)

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

 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:

 

Grades are calculated as a percentage of points earned divided points possible.

Work that is submitted after the due date but before the close date will have “0” as the grade.  Work can still be submitted after the due date and before the close date and the grade earned will replace the “0”. Work submitted after the due date will receive a 10% penalty per day late.

 

Himdag Cultural Component 

 

 Students are encouraged to explore and apply the Himdag in their professional lives.  The application of the T-So:son is a necessary requirement to be a successful in any business activity, environment or enterprise

 

Policies and Expectations

 

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

• You are expected to log into your Canvas shell and do the first activity during the first week of classes. Failure to do so may result in you being withdrawn from the course.
• You must arrive to class on time and be prepared to participate in each class period.
• Four unexcused absences may result in a withdrawal.
• 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. Be prepared to submit evidence to support your absence.

 

 

Cell Phone Use:

No cell phone use is allowed during class. Use of cell phones during class, unless permitted by instructor, is a violation of the T-So:son. Also, it is prohibited to attend a Zoom class using a cell phone while driving. Please park your car by the side of the road so you can attend class.

 

Make-up policy:

Making up missing work may only submitted with the permission of the instructor. Missed work that is more than two weeks after the due date may not be made up. Make-up work is still subject to the late penalty.

Please note that board discussions and 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:

Academic integrity refers to honest and ethical conduct in all aspects of academic life. The primary attributes of academic integrity are honesty, trustworthiness, fairness, and responsibility. Integrity entails a firm adherence to a set of values; the values most essential to an academic community are grounded in honesty with respect to all intellectual efforts of oneself and others.

 

All forms of academic deceit, such as plagiarism, cheating, the use of Artificial Intelligence without disclosure, collusion, falsification or fabrication of results or records; permitting work to be submitted by another; or inappropriately recycling work from one class to another constitutes academic misconduct that may result in serious disciplinary consequences. All students and faculty members are responsible for reporting suspected instances of academic misconduct. 

Find the complete Academic Integrity Policy on p. 39 of the Academic Catalog.

 

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. You can agree to meet with your instructor during established Office Hours.

 

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 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. If the agreed upon work, as stipulated on the written contract signed by the instructor and the student when the I grade is awarded, is not completed by the end of the ninth week of the following semester, the grade will be automatically changed to an F.

 

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. 38, for the entire policy.

 

Withdrawal during the Semester up to the Withdrawal Deadline (In-person Classes)

TOCC Attendance Policy states that “Four unexcused absences may result in a withdrawal…”  Faculty may withdraw a student from a course due to lack of active participation in the enrolled class. The Faculty Withdrawal process starts on the day after the Drop/Full Refund Deadline and ends at the Withdrawal Deadline (consult the Academic Calendar). If a student needs to stop attending a course, they must withdraw from the course. Failure to withdraw from the course will result in a failing grade (F).

 

Withdrawal during the Semester up to the Withdrawal Deadline (Asynchronous online classes)

In an asynchronous online class, the TOCC Attendance Policy “Four unexcused absences may result in a withdrawal…” translates into “Missing four (4) consecutive course due dates for learning activities, participation, assignments, quizzes, exams, etc. indicates a student is NOT participating in the class and they may be withdrawn at the faculty’s discretion.” If a student needs to stop attending a course, they must withdraw from the course. Failure to withdraw from the course will result in a failing grade (F).

 

Student Withdrawal Policy “W”

Students may withdraw from class at any time during the first two-thirds of the semester without instructor permission and without incurring any grade penalty, although a withdrawal may have Financial Aid consequences. Consult the Academic Catalog for more information.  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.

 

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 the Counselor or Disability Resource Coordinator the student’s specific needs within the context of each class in order to receive appropriate accommodations. Counselor and student 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 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 520-479-2300 Ext. 1210 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.

 

AI Policy

 

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