ACG 2021C: Principles of Financial Accounting

OsceolaCampus: Building 3, Room 330

Course Syllabus and Classroom Policies

Spring 2018: January 8, 2018–April 29,2018

PROFESSOR: Debra Sirois
REGULAR OFFICE: By Appointment Only
OFFICE PHONE:NA
CELL PHONE (text):239-293-2054
EMAIL: / CRN: 23503
CREDIT HOURS:3
CLASS MEETINGS: Mon 5:30PM – 8:15PM
ADVISING HOURS: By Appointment Only

PREREQUISITES (FROM COURSE CATALOG):Minimum grade of C in MAC 1105 or APA 1111C.

Engagement Hours

By Appointment Only

Required Materials/Textbooks

Important: You will need both the physical textbook and a MyAccountingLab access code to complete the course.

Textbook:Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition) Student Value Edition Bundle – MyAccountingLab + Pearson E-Text + Loose Leaf (Customized Collection), $142.90. At Valencia Bookstore ISBN 9781323683026. This purchase will include both the physical textbook and the access code for MyAccountingLab.

Access Code:MyAccountingLab access code is required. It will be bundled with the textbook when purchased at the Osceola campus bookstore. MyAccountinglab is where students must complete the required course homework and take exams. You must obtain an access code to use the program. Instructions for registering with MyAccountingLab are at the end of this Syllabus

NAME OF COURSE OVERVIEW

Course Description

This course presents accounting concepts, principles, procedures, and underlying theories applicable to the nature of accounting. Accounting for corporations including financial statements, accounting cycle, current assets, plant and equipment, other long-term assets, current liabilities, long-term debt, and stockholders' equity. (Special Fee $23.00)

Major Learning Outcomes

Upon completion of this course students should be able to:

Analyze business transactions using the accounting equation.
Record asset, liability, equity, revenue, and expense transactions into a company’s accounting system.
Prepare the four financial statements in accordance with current accounting standards.
Complete all the steps in the accounting cycle.
Calculate the value of inventory using all four methodologies.
Analyze a company’s financial data in order to facilitate economic decision making.
Explain the importance of Ethics in the Accounting Industry.

COURSECLASSROOM POLICIES

Attendance

Missing the equivalent of more than two weeks of classes for any reason, other than absences excused in accordance with Valencia’s policies or in cases of documented emergencies, is excessive and a basis for withdrawal.

“No Show” Status

Any student who does not attend class by the No Show/drop/refund deadline for this course’s part of term will be withdrawn by the instructor as a no-show. This will count as an attempt in the class, and students will be liable for tuition. If your plans have changed and you will not be attending this class, please withdraw yourself through your Atlas account during the drop period for this part of term.

To not be dropped as a “no show” students must attend at least two class meetings by the drop/refund deadline.

Make-Up Policy

Assignments including tests must be completed on or before the assignment deadline. Assignments will only be permitted to be made up if the student provides documentation of an excused absence. For student emergencies, it is the student’s responsibility to contact the instructor and provide documentation within one week unless special arrangements have been made previously.

Note to International Students(F-1or J-1Visa):

Please be advised that withdrawal from this course due to attendance may result in the termination of your visa status if you fall below the full-time enrollment requirements of 12 credit hours. Consult the International Student Service office for more information.

EVALUATION AND GRADING

Evaluation and Course Grading

Activity / Points Possible / Percentage of Total / Explanation
Homework / 140 / 23% / Fourteen assignments. Each assignment worth 10 points. There will be ten attempts per homework problem.
Chapter Exams & Comprehensive Final Exam / 400 / 67% / Four chapter exams worth 100 points each. The comprehensive final exam score will replace the lowest of the chapter exam scores. Comprehensive final exam score will NOT be dropped.
In Class Projects / 60 / 10% / There will be two mini projects worth 30 points each.
Total / 600 / 100% / To compute your course grade add up points you have earned and divide by total points possible in the course to date.

Grading Scale and Evaluation

Each student’s course grade will be calculated by dividing the total points the student earned during the course by the total points possible. *There will be rounding to the nearest percent by using the tenths place. If percentage is 69.4% the percentage will be 69% and letter grade of D; if 69.5% then the letter grade of C. Rounding only occurs once, 69.499% rounds to 69%.

Points Earned / Letter Grade
90% to 100% / of 600 Points / A
80% to 89% / of 600 Points / B
70% to 79% / of 600 Points / C
60% to 69 % / of 600 Points / D
Below 60% / of 600 Points / F

Course Procedures

Students should do the following to succeed in this course:

Read text at beginning of week. Reading the textbook is the most important thing you can do to succeed in the course. Reading prepares you for participation in class discussion, completion of study plans & homework. You will also be prepared to ask questions about topics that you find difficult. All the homework and tests are designed to cover concepts presented in the textbook.
Attend class: Class attendance is required. During classes students will participate in active learning activities and lecture/discussions. Students that attend classes have a much higher completion rate than students with low attendance rates.
Homework: Homework will be completed on-line through MyAccountingLab. The homework will be due on Sunday night (11:59 PM), after the material has been covered in class. Student’s top 14 homework grades will count toward their final course grades. The remaining lower homework grades, if any, will be dropped.
Mini Projects: There will be two mini projects related to the course chapter(s). The student must be in class to earn credit for the project.
Exams: Exams are worth 67% of student’s course grade. There will be four required exams. These four required exams will be “chapter” exams covering 3 or 4 chapters each. Chapter exams will be taken in a proctored setting in either the classroom or the testing center. Tests will be delivered in MyAccountingLab.
Dynamic Study Modules: Located in MyAccountingLab. These modules are optional learning activities that greatly increase student success on exams!! Dynamic Study Modules work by continuously assessing your performance and activity, then using data and analytics to provide personalized content in real-time to reinforce concepts that target each student’s particular strengths and weaknesses. Dynamic Study Modules continuously assess your performance and provide additional practice in the areas where you struggle the most. Each Dynamic Study Module, accessed by computer, smartphone or tablet, promotes fast learning and long-term retention.
Comprehensive Final Exam: The final exam will cover the major learning objectives of the course. A sample exam will be provided to serve as a study guide. The comprehensive final exam score will replace the lowest of the chapter exam scores. The comprehensive final exam score will not be dropped. This test will be administered during the final exam period.

Tutoring Center/ Student Support: Each campus offers free tutoring in accounting. Accounting tutors often require that you schedule an appointment. On the Osceola campus the tutoring center is in building 3 room 100. The phone number is 407-582-4250. The following link will provide you with additional information regarding tutoring services.

VALENCIA COLLEGE POLICIES

Important Valencia Website Links

College Calendar:
Important Dates & Deadlines:
Final Exam Schedule:
College Catalog:
Valencia Policy and Procedures:
FERPA:

Important Course and College Dates (Spring 2018)

January 8: Classes begin
January 15: MLK Day, No Classes
January 16: Drop/Refund deadline(11:59 PM)
January 26: Change of Program deadline
February 9: Learning Day, No Classes

March 12-18: College closed
March 30: Withdrawal deadline
April 22: Last day of classes
April 23-29: Final exam week
April 30: Grades due

NOTE: Visit the following website for the dates in the current academic year:

Withdrawal Policy

The withdrawal deadline for Spring 2018is March 30, 2017. During a first or second attempt in the same course at Valencia, if you withdraw or are withdrawn by the professor, you will receive a non-punitive grade of “W” (Withdrawn). You will not receive credit for the course, and the W will not be calculated in your grade point average; however, the enrollment will count in your total attempts in the specific course. Students are not permitted to withdraw after the withdrawal deadline. A student may be administratively withdrawn from the course due to violation of class attendance policy; if you are withdrawn administratively, you will receive a W. Any student who withdraws or is withdrawn from a class during the third or subsequent attempt to complete the course will be assigned a grade of F. Please note that withdrawal from a course may impact financial aid; it is strongly recommended a student consult with the professor, an adviser, and financial aid before withdrawing from the course.

Student Code of Conduct

Valencia College is dedicated not only to the advancement of knowledge and learning, but the development of responsible personal and social conduct. By enrolling at Valencia College, a student assumes the responsibility for becoming familiar with and abiding by the general rules of conduct. The primary responsibility for managing the classroom environment rests with the faculty. Students who engage in any prohibited or unlawful acts that result in disruption of a class may be directed by the faculty member to leave the classroom. Violation of any classroom or Valencia rules may lead to disciplinary action up to and including expulsion from Valencia. Disciplinary action could include being withdrawn from class, disciplinary warning, probation, suspension, expulsion, or other appropriate and authorized actions. You will find the Student Code of Conduct in the current Valencia Student Handbook.

Academic Honesty

Each student is required to follow Valencia policy regarding academic honesty. All work submitted by students is expected to be the result of the student’s individual thoughts, research, and self-expression, unless the assignment specifically states “group project.” Any act of academic dishonesty will be handled in accordance with Valencia policy as set forth in the Student Handbook and Catalog. At Valencia, we expect the highest standards of academic honesty. Academic dishonesty is prohibited in accordance with policy 6Hx28: 8-11 upheld by the Vice President of Student Affairs ( Academic dishonesty includes, but is not limited to, plagiarism, cheating, furnishing false information, forgery, alteration or misuse of documents, misconduct during a testing situation, and misuse of identification with intent to defraud or deceive.

Plagiarism

Plagiarism is the act of taking another individual’s writingsor ideas and passing them off as your own. This includes directly copying even a small portionof the text, indirectly taking thoughts by paraphrasing ideas without correctly attributing to thesource (meaning both with signal phrases and in-text parenthetical citations), using paperswritten in previous courses (self-plagiarism), and using another individual’s research without thecorrect attribution. Any act of plagiarism or academic dishonesty will result in an automaticfailing grade on the assignment, no matter how small the infraction; to clarify, this means theassignment will receive no points. Additional action may be taken with the college’sadministrative offices. Do not endanger your academic career: If there is a severe issue, you are confused about whatconstitutes plagiarism, or you feel dishonesty is your only solution, contact me immediately andwe will discuss the matter. Remember, once the assignment has been submitted, there is nodistinction between unintentional plagiarism and intentional plagiarism – it’s just intentional inmy eyes. Students’ work will be submitted through Blackboard’s SafeAssign drop box.

Internet Research Statement

Because of the variety of sources, ease of publication, lack of central control, and proliferation of commercial information on the free Internet, it is often hard to tell if information obtained online is reliable. Many sites contain research and information of high quality; however, unlike traditional print publications or library-based electronic resources, there is usually no process of peer review, nor is there an editor verifying the accuracy of information presented on the Internet. There are an increasing number of sites containing information that may be incomplete, anonymously written, out-of-date, biased, fraudulent, or whose content may not be factual. Students should, therefore, use caution in use of the free Internet for their research needs. For academic topics that are addressed in scholarly literature, use of electronic databases or visiting the library may better meet your needs. However, each professor makes the final determination of what is, or is not, accepted as a valid source, so review the syllabus for specific guidelines from your professor.

Students with Disabilities

Students with disabilities who qualify for academic accommodations must provide a letter from the Office for Students with Disabilities (OSD) and discuss specific needs with their professor, preferably during the first two weeks of class.

Personal Policy: If you require any special accommodations for the course, don’t hesitate to let me know. You have my permission to tape record anything in the course; any additional accommodations must go through the Office for Students with Disabilities (see below).

From the Office for Students with Disabilities: Students with disabilities who qualify for academic accommodations must provide a letter from the Office for Students with Disabilities (OSD) and discuss specific needs with the professor, preferably during the first two weeks of class. The Office for Students with Disabilities determines accommodations based on appropriate documentation of disabilities (Building 1, Room 140, ext. 4167). All requests will be kept in strict confidence.

Student Assistance Program

Valencia College is interested in making sure all of our students have a rewarding and successful college experience. To that purpose, Valencia students can get immediate help with issues dealing with stress, anxiety, depression, adjustment difficulties, substance abuse, time management, as well as relationship problems dealing with school, home, or work.BayCare Behavioral Health Student Assistance Program (SAP) services are free to all Valencia students and available 24 hours a day by calling (800) 878-5470. Free face-to-face counseling is also available.

Valencia Student Competencies

The following Valencia Student Competencies will be reinforced throughout the entire course.

THINK - Think clearly, critically, and creatively. Analyze, synthesize, integrate, and evaluate in many domains of human inquiry.

To think, what must you do?

Analyze data, ideas, patterns, principles, and perspectives

Employ the facts, formulas, and procedures of the disciplines

Integrate ideas and values from different disciplines

Draw wellsupported conclusions

Revise conclusions consistently with new observations, interpretations, or reasons

How and where must you think?

With curiosity and consistency

Individually and in groups

VALUE - Make reasoned value judgments and responsible commitments

To value, what must you do?

Recognize the values expressed in attitudes, choices, and commitments

Distinguish among personal, ethical, aesthetic, cultural, and scientific values

Employ values and standards of judgment from different disciplines

Evaluate your own and others' values from individual, cultural, and global perspectives

Articulate a considered and selfdetermined set of values

How and where must you value?

With empathy and fairmindedness

Individually and in groups

COMMUNICATE-

To communicate, what must you do?

Identify your own strengths and need for improvement as communicator

Employ methods of communication appropriate to your audience and purpose

Evaluate the effectiveness of your own and other's communication

How and where must you communicate?

By speaking, listening, reading and writing

Verbally, nonverbally, and visually

With honesty and civility

ACT - Act purposefully, respectfully, and responsibly

To act, what must you do?

Apply disciplinary knowledge, skills, and values to educational and career goals

Implement effective problemsolving, decisionmaking, and goal setting strategies

Act effectively and appropriately in various personal and professional settings

Assess the effectiveness of personal behavior and choices

Respond appropriately to changing circumstances

How and where must you act?

With courage and perseverance

Individually and in groups

In your personal, professional, and community life

Disclaimer

The syllabus, assignments, and due dates are subject to change at the discretion of the professor.