MASTER SYLLABUS

2020-2021

A.	Academic Division: Business, Industry and Technology

B.	Discipline: Accounting

C.	Course Number and Title: ACCT1010 Financial Accounting

D.	Course Coordinator: Jennifer Adkins

Assistant Dean: Toni Johnson, PhD

Instructor Information:

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E.	Credit Hours: 4

F.	Prerequisites: None

G.	Syllabus Effective Date: Fall, 2020

H.	Textbook(s) Title:

Horngren’s Financial and Managerial Accounting, The Financial Chapters with MyAccountingLab

Authors: Miller-Nobles and Mattison

Copyright Year: 2017

Edition: 6th

ISBN #: 9780134642864 (hardcopy) or 9780134461656 (eText)

Workbook(s) and/or Lab Manual: None

J.	Course Description: This is an introductory course of study in financial accounting and financial reporting for business entities. (TAG# OBU010)

K.	College-Wide Learning Outcomes

College-Wide Learning Outcomes	Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy

L.	Course Outcomes and Assessment Methods:

Upon successful completion of this course, the student shall:

Outcomes	Assessments – How it is met & When it is met
1. Explain the broad role that accounting information plays in the economy.	Daily Homework-entire semester; Exam – week 1.
2. Explain basic financial statements-their nature, purposes and use by business decision makers.	Daily Homework- entire semester; Exams – weeks 2, 3, 4 and 5, 15.
3. Use the language of accounting and apply the important concepts on which financial reporting is based.	Daily Homework- entire semester; Exams – weeks 1-16.
4. Summarize general business concepts and processes.	Daily Homework- entire semester; Exams – weeks 1-16.
5. Analyze the impact of basic business transactions on the financial statements of a business corporation.	Daily Homework- entire semester; Exams – weeks 1-16.
6. Prepare basic financial statements for a simple corporate business entity.	Daily Homework- weeks 13-14; Exams – weeks 13, and 14.
7. Evaluate the financial performance of a simple corporation on the basis of its financial statements.	Daily Homework- weeks 15-16; Exams – weeks 15 and 16.

M.	Topical Timeline (subject to change):

Accounting and the Business Environment – Week 1

Recording Business Transactions – Weeks 2 & 3

The Adjusting Process - Week 4

Completing the Accounting Cycle – Week 5

Merchandising Operations – Week 6

Merchandise Inventory – Week 7

Internal Control and Cash – Week 8

Receivables – Week 9

Plant Assets and Intangibles – Week 10

Current Liabilities and Payroll – Week 11

Long-Term Liabilities, Bonds Payable, and Classification of Liabilities on the Balance Sheet- Week 12

Corporations: Paid-In Capital and the Balance Sheet – Week 13

Corporations: Effects on Retained Earnings & the Income Statement – Week 14

The Statement of Cash Flows – Week 15

Financial Statement Analysis – Weeks 15 and 16

N.	Course Assignments:

Practice of course topics in class

Daily homework

Practice problems using computer program

Exams.

Presentation of financial statements

O.	Recommended Grading Scale:

NUMERIC	GRADE	POINTS	DEFINITION
93–100	A	4.00	Superior
90–92	A-	3.67	Superior
87–89	B+	3.33	Above Average
83–86	B	3.00	Above Average
80–82	B-	2.67	Above Average
77–79	C+	2.33	Average
73–76	C	2.00	Average
70-72	C-	1.67	Below Average
67–69	D+	1.33	Below Average
63-66	D	1.00	Below Average
60-62	D-	0.67	Poor
00-59	F	0.00	Failure

P.	Grading and Testing Guidelines:

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Q.	Examination Policy:

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R.	Class Attendance and Homework Make-Up Policy:

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S.	Classroom Expectations:

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T.	College Procedures/Policies:

Important information regarding College Procedures and Policies can be found on the syllabus supplement located at

http://catalog.ncstatecollege.edu/mime/download.pdf?catoid=5&ftype=2&foid=3