Motlow State Community College Syllabus1

The mission of Motlow State Community College is to enrich

and empower its students and the community it serves.

ACCT 1010 Principles of Accounting I

This Course Outline is subject to change with notice

Credit Hours:3.0

Prerequisite:

Documented eligibility for collegiate-level mathematics.

Catalog Description:

This course is an introduction to accounting principles, practices, and techniques with an emphasis on the preparation and reporting of financial statements.

Students for Whom the Class is intended:

  • Associate of Science/Arts Degree, Tennessee Transfer Pathways students pursuing the following programs of study: Accounting, Business Administration, Economics, Information Systems, Management, Marketing, and Sports & Leisure Management
  • Associate of Science/Arts Degree, University Parallelstudents pursuing the following programs of study: Business Education and Entrepreneurship
  • Associate of Applied Science, Business Technology Majors pursuing the following concentrations: Accounting, Business Office, and Management

Instructor Information:

Name, Rank, Credentials (MS, PhD, EdD, etc.)

Office Location:

Office:

Phone:

Email:

Office Hours:

Required Textbook(s):

Accounting, Warren, Reeve, & Duchac, 26th edition. The ISBN is 9781305715967 for the loose-leaf book bundled with CengageNow Access, which is the format needed for this class. You may purchase this bundle at the Motlow bookstore atany Motlow location, or you may visit the bookstore online. The ebook/loose-leaf bundle with access code is currently priced at $230 for two semester’s access at the Motlow bookstore. You will be unable to resell the eBook or the loose-leaf pages. DO NOT buy the book without the access code. This specific format is designed to integrate CengageNow with D2L. It is unlikely that you will be able to purchase this format from an alternative source. Youshouldn't rent this book because you will need it for2 semesters if you take both ACCT 1010 and ACCT 1020. You do not need to purchase the working papers. Also, you should be able to access the first chapter of the book online free for a limited number of days before you purchase. This feature is ideal for students who are waiting on financial aid before they purchase their textbooks.

Since this is an online class, you obviously will need a reliable internet connection.Dial-upinternet is insufficient for this course. Since you will be taking timed exams, I strongly recommend that youhave available a computer with high-speed internet, at least for the exams. You may use the computers in any Motlow lab to complete coursework.

Program Learning Outcomes:

After completing the requirements of the Business Program, students will be able to

  • Students will demonstrate an understanding of fundamental business and/or technology related concepts and strategies.
  • Students will demonstrate an understanding of fundamental managerial concepts and strategies.
  • Students will demonstrate an understanding of fundamental macroeconomics and microeconomics as they relate to social and business economic applications.
  • Students will demonstrate an understanding of fundamental computer and/or information systems hardware and software applications in a business or technology environment.
  • Students will demonstration the ability to apply mathematical, quantitative, and information processing skills in problem solving and analysis, and presentation of data in a business and/or technology environment.
  • Students will demonstrate a fundamental understanding of how legal and regulatory systems affect business decision making.
  • Students will demonstrate an understanding of the principles of written and oral communications.
  • Students will demonstrate familiarity with social responsibility issues as they relate to technology and business ethics, cultural diversity and global and environmental concerns.
  • Students will demonstrate familiarity with the cultural and social aspects of the human experience.
  • Students will demonstrate an understanding of the value of natural diversity and the impact of scientific discovery on human behavior.
  • Students will demonstrate an understanding of political, geographic, economic, social, cultural and intellectual institutions, structures, and processes across a range of historical periods and cultures.

Student Learning Outcomes:

  • Describe and illustrate accounting concepts for planning, controlling, and analyzing business operations.
  • Describe and illustrate the basic accounting concepts for recording, classifying, and summarizing business transactions on a day-to-day basis.
  • Illustrate the basic procedures for adjusting, closing entries, and summarizing the accounting records prior to the preparation of the financial statements.
  • Describe and illustrate the preparation of financial statements.
  • Describe and illustrate accounting devices, such as special journals and subsidiary ledgers, and various data processing methods, which are helpful in accounting systems.
  • Describe and illustrate procedures for recording purchases and sales transactions for a merchandising enterprise.
  • Identify and describe the two principal inventory systems and the inventory costing under FIFO, LIFO, and Average Cost.
  • Understand the nature of cash and importance of controls over cash.
  • Describe and illustrate the allowance method of accounting for uncollectible receivables.
  • Describe the characteristics of plant assets and illustrate the accounting for the acquisition and disposal of plant assets.
  • Describe the nature of depreciation, depletion, and amortization and illustrate the accounting for each item.
  • Describe and illustrate accounting for payrolls, including liabilities, arising from employee earnings, deductions from earnings, employer's payroll taxes, and employee's fringe benefits.

Assignments and Grading:

Grade Determination:

Assignments/Activities% of Final Grade

Quizzes20%

Homework20%

Exam I 15%

Exam II15%

Exam III15%

Final15%

Total100%

Grading Policies:

Grade Scale:

Letter GradePercentage

A90-100

B80-89

C70-79

D60-69

FBelow 60

Course Policy Ground Rules:

Academic Misconduct Policy:

Plagiarism,cheating,andotherformsofacademicdishonestyareprohibited.Students guiltyof academic misconduct, either directly or indirectly, through participation or assistance, are immediately responsible to the instructor of the class. Based on their professional judgment, instructors have the authority to impose the following academic sanctions: (a) require the student to repeat the assignment for full or partial credit; (b) assign a zero, an F, or any other grade appropriate for the assignment or examination; (c) assign an F for the course. In addition, disciplinary sanctions may be imposed through the regular institutional procedures. For more information, see MSCC Policy 3:02:00:03.

Classroom Misconduct Policy:

The instructor has the primary responsibility for maintenance of academic integrity and controlling classroom behavior, and can order temporary removal or exclusion from the classroom of any student engaged in disruptive conduct or conduct that violates the general rules and regulations of the institution for each class session during which the conduct occurs. Extended or permanent exclusion from the classroom, beyond the session in which the conduct occurred, or further disciplinary action can be effected only through appropriate procedures of the institution.

Disruptive behavior in the classroom may be defined as, but not limited to, behavior that obstructs or disrupts the learning environment (e.g., offensive language, harassment of students and professors, repeated outbursts from a student which disrupt the flow of instruction or prevent concentration on the subject taught, failure to cooperate in maintaining classroom decorum, etc.), text messaging, and the continued use of any electronic or other noise or light emitting device which disturbs others (e.g., disturbing noises from beepers, cell phones, palm pilots, lap-top computers, games, etc.). For more information, see MSCC Policy 3:02:00:03.

Class Cancelation Policy:

If class is cancelled for any reason, you will be notified via our D2L email system and the D2L Course Content page how to prepare for the next class period. For these reasons, students are advised to take advantage of the Motlow Rave system in order to receive text messages when class is canceled. For more information, seeMotlow Rave Alerts.”

Emergency Procedures Policy:

In case of a medical emergencywe willimmediately dial 9-911 and report the nature of the medical emergency to emergency response personnel. We will try to stay with the person(s) in need and maintain a calm atmosphere. We will talk to the person as much as possible until response personnel arrive on campus, and we will have someone go outside to meet emergency personnel and direct them to the appropriate location.

In the event of an emergency (drill or actual), a signal will be sent. Based on that signal, students will follow the procedures below for that specific type of emergency:

Loud warbling sound throughout Building (FIRE)

Collect purses and coats and proceed immediately out of your room and exit through the closest emergency exit. Proceed to the Designated Assembly Area closing windows and doors as you exit. Remain there until the "All Clear" Signal is given by an Emergency Management Team member. (Instructors- Provide your Designated Assembly Area, and its location to students)

Tornado Siren (SEVERE WEATHER):

Proceed to the closest designated severe weather shelter on the 1st floor and proceed all the way into the shelter. Crouch down on the floor with your head between your knees facing away from the outside walls. Remain there until the "All Clear" Signal is given. (Instructors- Provide the recommended room number or hallway location to students)

Air Horn (1 Long Blast) and Face to Face All Clear (INTRUDER/HOSTAGE):

Ensure door is closed, locked and lights turned off. If your door will not lock, move some tables and chairs in front of the door quickly. Move immediately to the rear of the room away from the door and sit on the floor- out of sight if possible. Remain calm and quiet and do not respond to any inquiries at the door unless you have been given the "All Clear" and a member of law enforcementor your campus Emergency Management Team member makes face-to-facecontact at your door.

Classroom Locked-door Policy:

In order to adhere to MSCC Emergency Preparedness Policy and to facilitate effective classroom management, the classroom door will remain closed and locked for the duration of the class period.

Class Participation & Communication:

Regular participation is a must for success in this class; students need to be logging in regularly, completing assignments, and asking questions in order to master the skills presented in this course. Students are solely responsible for adhering to the Course Schedule and submitting assignments and taking quizzes in a timely manner.

As in any online course, the bulk of the communication for this class will be written. We will communicate with each other through email and the discussion board. If you wish to speak directly to me, you may phone me and leave a message or email me and I will respond as soon as possible. Be advised, however, that I am not available 24/7. I will try to respond to your emails within 24 hours during the regular work week. The course will observe regularly scheduled breaks and holidays; no assignments will be due on those days, and I will not necessarily be available to you. We will not alter our schedule for inclement weather days.

Dropping Class without a Grade

If you drop before the “W” date, no grade will be recorded. If you discontinue active participation in the class but do not complete the proper drop procedure, you will most likely receive an F in the class. Dropping a class may affect your eligibility for future financial aid.Therefore, please consult Financial Aid before dropping.

Homework

Homework provides essential practice of the skills and concepts taught in this course. The actual homework problems and/or exercises are found in the textbook. The exercises start with EX, and the problems start with PR, then the number, then an A or B. You will be completing your homework problems online using Cengage website, which is integrated into D2L. Solutions foreach graded homework assignment will become available through Cengage 48 hours after each due date.

Your homework will count for 20% of your overall course grade. Late homework will be penalized 20% per calendar day or partial day it is late. You are expected to manage your time wisely and be prepared for contingencies. Technical difficulties on your end do not excuse you from having to turn work in on time.

Demonstration Videos

A demonstration video with step-by-step instructions is available for each exercise or problem that is assigned for homework. Using an example problem very similar to the assigned problem, these videos illustrate how to perform every required element for each problem. You also can view a transcript of the speaker as he/she is working the problem. These videos are prepared and provided by Cengage. I think you will find these videos very helpful and recommend that you view the video associated with each problem before attempting the problem. The videos can be paused and rewound as necessary. Specific instructions for accessing the videos are available under the Getting Started topic of the Course Contentsmenu.

Quizzes

You will be quizzed on each chapter.You will be allowed three attempts on each quiz. Quizzes consist of multiple choice and true/false questions. You may use your book and computerized help to take your quiz, but you may not receive help from anyone else. The quizzes will expire, so watch the Events calendar closely.If you miss a quiz, you will not under any circumstances be allowed to make it up. However, your lowest quiz grade may be dropped. Your quiz average will count 20% of your final grade. Quizzes can be found under the Assessment link in D2L.

Exams

Four exams will be given, each of which will count 15% of your final grade. The exams will be timed, so you must be prepared before you ask for the exam. Students who do not take the exam during the scheduled time will be penalized. The exams will become available on a Friday morning at 9:00 a.m. and will be due the following Tuesday at 9:00 a.m. Please see the Course Schedule for exact deadlines.

Student integrity

You are required to do your own work at all times. You are permitted to post discussion questions asking for help on practice assignments and homework, but the final work must be your own. You may not discuss quizzes or exams with other students prior to the deadline for these assignments. Any breach of these rules constitutes cheating, and cheaters will receive an F for the course.

Educational Technology:

Accessing Campus Computers or the MSCC Library from off Campus:

Your Username format is your First Initial, Last Name and Month and Day Birthday in the Format of MMDD. Example: Marcia Smith born on April 11, 1992 - Username: msmith0411. Your Pin will be the numeric pin you created when you initially applied to Motlow College.

Using D2L:

For help with D2L including how to submit materials to a Dropbox, see this page:

Tech Tube Tutorials

Disability Services/Accommodations:

Motlow College is committed to meeting the needs of qualified students with disabilities by providing equal access to educational opportunities, programs, and activities in the most integrated setting appropriate. This commitment is consistent with the College's obligations under Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990 (ADA). Together, these laws prohibit discrimination against qualified persons with disabilities. To this end, the Director of Disability Services for Motlow College coordinates services and serves as an advocate and liaison for students with disabilities attending Motlow College. Contact the Director of Disability Services here: Disability Services.

Students with disabilities who would need assistance in an emergency evacuation should self-disclose that need to the instructor no later than the second day of class or second group meeting.

Confidentiality of Student Records:

The education records of current and former students at Motlow State Community College are maintained as confidential records pursuant to The Family Educational Rights and Privacy Act (FERPA) of 1974 as amended. For further information, see MSCC Policy No. 3:02:03:00.

Student Success:

Tutoring:

MSCC Instructors can guide students to specific resources regarding Tutoring in their discipline. In particular, students may find help with Math and Essay Writing via each campus’ Learning Support labs. Students should contact the labs on their campus to schedule appointments for help. For additional help, see the Student Success page: Student Success

Academic Advisement:

MSCC Instructors can guide students to specific resources regarding Advisement. For additional help, see the Academic Advisement page: Academic Advisement