HOUSTON COMMUNITY COLLEGE

SECOND START (ONLY)

Principles of Accounting I

Catalog Description:

Fundamentals of financial accounting, including double-entry accounting and the accounting cycle.  Other topics include cash, receivables, inventories, plant assets, liabilities, partnerships, corporation, investments, and statements of cash flows and interpretation of financial statements.

Course Title:	Principles of Accounting I
Course Number	ACCT 2301
Credit Hours:	3 semester credit hours
Prerequisites	ACNT 1303 Introduction To Accounting I
Semester and Year	Current Semester
Instructor	P. Tony Pitts
Class Days and Times	Distance Education On-Line
Class Room Location	Distance Education On-Line
Office:	Contact the instructor by e-mail or by phone.
Office Hours	Contact the instructor by e-mail or by phone.
E-mail	ptpitts@hotmail.com
Office Phone:	Office (281) 240-7251
Administrative Support	Carolyn Paul carolyn.paul@hccs.edu Office (713) 718-5210 Fax (713) 718-5388
Technical Support	Ramiro Chapa 713 718-5271 ramiro.chapa@hccs.edu

important Dates
current Semester 20XX
Semester Schedule
REVIEW I	Week 3	2-4pm WestLoop Campus
EXAM I	Week 4	See Distance Ed Handbook
REVIEW II	Week 7	2-4pm WestLoop Campus
EXAM II	Week 8	See Distance Ed Handbook
REVIEW III	Week 10	2-4pm WestLoop Campus
EXAM III	Week 11	See Distance Ed Handbook
OTHER DATES	See Current Schedule	Last Day to Withdraw Finals Exams
HOLIDAYS:	See Current Schedule	See Current Schedule
MAKEUP EXAM DATES		All makeup examinations Contact Ms. Carolyn Paul at (713)718-5210 or 713-718-5388 Fax Email: Carolyn.paul@hccs.edu.

Required Books and Materials

Accounting 6^th Edition, by Horngren, Harrison, Bamber.

Prentice Hall Publisher, 2005

ISBN 0-13-143631-7

Optional/Recommended Books and Materials

None

Learning Objectives

To apply accounting concepts and principles to business situations.

To apply the rules of debits and credits.

To apply the revenue and matching principle

To distinguish  accrual-basis accounting from cash-basis accounting.

To prepare financial statements

To prepare closing entries.

To compute the cost of goods sold.

To understand special journals.

To identify the benefits of internal control.

To account for accounts receivable and notes receivable.

To describe inventory costing methods.

To compare and identify depreciation, depletion, and amortization

To account for current liabilities including payroll

To identify the characteristics of a corporation

To describe stock dividend, stock options, and stock splits

To identify the purposes of the statement of cash flows.

Evaluation and Grading Procedures

Students are expected to read all assigned chapters, complete and submit all assignments on due dates.

The nature of the course is such that viewing lecture notes, presentation materials and reading the textbook is essential for mastery of the course content.  A missed assignment or reading can never be duplicated. Accounting is best learned through doing.  Therefore there will always be homework assignments to be prepared outside of class.  This will require a considerable commitment of time and effort from you. Typically, the successful student in college can count on (3 hours) of independent study for every hour in the classroom.

Students are responsible for the “learning objectives” at the beginning of each chapter.  Accounting is a subject that cannot be mastered passively.  The concepts and ideas could be compared to building blocks each serves as a foundation for new ones.  It is extremely important that each student be actively involved in the learning process.  This requires intensive study of each chapter, the study guide, and continuous application of the ideas to homework problems.

Your final grade for this course will be based on how well you do in meeting the evaluation requirements and applying the grading scale, which are listed.

EVALUATIONS
Sectional Examination #1 Chapters 1-4	33.33%
Sectional Examination #2 Chapters 5-9	33.33%
Sectional Examination #3 Chapters 10,11,13,14,17	33.34%
TOTAL	100.00%
Extra Credit (OPTIONAL)
Web Assignments  (See Weekly Course Schedule)	10 points
Assignments (See Weekly Course Schedule)	10 points
Company Profile Analysis (An analysis of a company that is listed on the Stock Exchange or your own company if financial information is available or the companies has a web site). Needs Approval First (See the Download from the Course Web Site).	10 points

How to calculate your grade:

 Example listed below

Exam#1	Chapters 1-4	60
Exam#2	Chapters 5-9	80
Exam#3	Chapters 10,11,13,14,17	90
	Total Before Extra Credits		230pts
	Homework  ***Any three Exercises/Problems         from the textbook) or ***Study Guide plus Three Assessments Per Chapter from the publisher web site  see the menu from the WEBCT menu )	10pts
	Web Lessons Assignment  ***See Textbook Website on the WEBCT   menu)	10pts
	Company Profile Analysis  ***(See the file on menu on the WEBCT menu to download file)	10pts
	Total Extra Credits		30pts
	Total Before Extra Credit		230pts
	Total Extra Credit		30pts
	Total points		260/3=87
	FINAL GRADE		87 B

Grading System:

The Houston Community College System uses the following grading system:
A	90-100	Excellent	4	Points per semester
B	80-89	Good	3	Points per semester
C	70-79	Fair	2	Points per semester
D	60-69	Passing	1	Points per semester
F	59-	Failing	0	Points per semester
IP		Incomplete	0	Points per semester
W		No Credit	0	Points per semester
I		Withdrew	0	Points per semester
AUD		Pass	0	Points per semester
Note:  To compute grade point average (GPA), divide the total grade points by the total number of semester hours attempted.  The grades “IP”, and “I”, do not affect GPA.

Make Up Policy

A student will be allowed one makeup examination per semester.   You must fill out the “Request For Makeup Form” from the WEBCT website and fax it to:

Ms. Carolyn Paul

Distance Education Administrative Support

Carolyn.paul@hccs.edu

Fax      (713) 718-5388

Phone (713)  718-5210

Grade Appeal Policy

A student will have 45 days from the end of the semester to appeal a grade.   Your request must be in writing and send to:

Houston Community College

Distance Education Department

Attention: Professor Tony Pitts    pietro.pitts@hccs.edu

C/O Ms. Carolyn Paul

3100 Main Street-3th Floor

Houston, Texas 77002

Students with Special Needs

The Disability Support Services (DSS) Office assists students with physical, learning, or emotional disabilities in developing independence and self-reliance.  Services include adaptive equipment and reasonable accommodations for admissions assistance, testing, academic advising, registration, and classroom instruction.  Interpreting service is provided for students who are deaf/hard of hearing and assistant technology devices are provided on  a case by case basis.

HCCS is committed to compliance with the Americans with Disabilities Act (ADA) and the Rehabilitation Act of 1973 (Section 504). Students with special needs or disabilities, which may affect their ability to succeed in college classes or participate in college programs/activities, should contact the Disabilities Support Services (DSS)

If you require accommodations because of a physical, mental, and/or learning disability, please notify the instructor of this course as soon as possible and preferably before the end of the first week of class to arrange for reasonable accommodations.  Any student with a documented disability (e.g. physical, learning, psychiatric, vision, hearing, etc.) who needs to arrange reasonable accommodations must contact the Disability Services Office at the respective college at the beginning of each semester. Faculty are authorized to provide only the accommodations requested by the Disability Support Services Office.

Disability support services can also be found online at these Web Sites:

www.rehab.state.tx.us

www.ican.com

Attendance/Class Participation

Weekly emails, chats, or discussion groups.

Late Assignments

All assignments are to be completed and submitted to the instructor on the scheduled due date.  All late assignments will be reduced by one letter grade

Withdrawal Policy

The student has the ultimate responsibility to ensure that an official withdrawal/drop slip is completed, submitted to the Registrar’s Office, and processed.

Academic Integrity and Code of Conduct

In becoming a part of the academic community, students are responsible for honesty and independent effort. Failure to uphold these standards includes, but is not limited to, the following: plagiarizing written work or projects, cheating on exams or assignments, collusion on an exam or project, and misrepresentation of credentials or prerequisites when registering for a course. Cheating includes looking at or copying from another student's exam, orally communicating or receiving answers during an exam, having another person take an exam or complete a project or assignment, using unauthorized notes, texts, or other materials for an exam, and obtaining or distributing an unauthorized copy of an exam or any part of an exam. Plagiarism means passing off as his/her own the ideas or writings of another (that is, without giving proper credit by documenting sources). Plagiarism includes submitting a paper, report or project that someone else has prepared, in whole or in part. Collusion is inappropriately collaborating on assignments designed to be completed independently. These definitions are not exhaustive.  When there is clear evidence of cheating, plagiarism, collusion or misrepresentation, a faculty member will take disciplinary action including but not limited to: requiring the student to retake or resubmit an exam or assignment, assigning a grade of zero or "F" for an exam or assignment; or assigning a grade of "F" for the course.  Additional sanctions, including being withdrawn from the course, program or expelled from school, may be imposed on a student who violates the code of conduct and discipline.

Software Piracy

Law strictly prohibits unauthorized copying of software purchased by Houston Community College.  Appropriate disciplinary action will be taken against anyone violating copyright laws.

Computer Viruses

Computer viruses are, unfortunately, a fact of life. Using the diskettes on more than one computer creates the possibility of infecting computers and diskettes with a computer virus.  Using email and surfing and downloading from the Internet also creates exposure to viruses.  Therefore, the computers of the college, your personal computer, and any other computer you may be using can be exposed to potentially damaging viruses. The college has aggressive anti-virus procedures in place to protect its computers, but cannot guarantee that a virus might not temporarily infect one of its machines. It is your responsibility to protect all computers under your control and use and ensure that each computer hard drive and any diskettes you use, whenever or wherever you use them, have been scanned with anti-virus software. Since new viruses arise continually, your anti-virus software must be kept current. And, since no anti-virus software will find every virus, keeping copies of data (backups) is extremely important.  BACK UP AND SAVE ALL YOUR COURSE ASSIGNMENTS, CORRESPONDENCE, AND WORK.

Grade Reports

The college records permanent grades only at the end of a semester and students can get their grades by going to www.hccs.edu, or www.getgrades.com, or call 1-877-341-4300 (toll free).  Grades will longer be mailed or posted

Syllabus Changes:

While every attempt has been made to prepare this syllabus in final form, it will be the instructor’s prerogative to make any changes as may be deemed necessary in order to meet the learning outcomes of the class.  Student will be notified of any changes.

HCCS ACCOUNTING DEPARTMENT WEBSITE:

http://swc2hccs.edu/accounting/photo.html

HOUSTON COMMUNITY COLLEGE WEBSITE

http://www.hccs.edu

Web Assignment Schedule

Chapters	Topics	Points	Due Dates
1	See the menu on WEBCT		Week 10
2	See the menu on WEBCT		Week 10
3	See the menu on WEBCT		Week 10
4	See the menu on WEBCT		Week 10
5	See the menu on WEBCT		Week 10
6	See the menu on WEBCT		Week 10
7	See the menu on WEBCT		Week 10
8	See the menu on WEBCT		Week 10
9	See the menu on WEBCT		Week 10
10	See the menu on WEBCT		Week 10
11	See the menu on WEBCT		Week 10
13	See the menu on WEBCT		Week 10
14	See the menu on WEBCT		Week 10
17	See the menu on WEBCT		Week 10
Total Points		10pts

Company Profile Assignment

COMPANY PROFILE ANALYSIS

See the Course web site.                                                                                                           10 pts.  Due:  Week 10 (Accounting Lab Stafford) Ask for Kay or Bina

(713-718-7912) and ask about the Lab hours)

Weekly Course Homework Assignment Sheet

WEEKLY COURSE SCHEDULE
DATES	CHAPTER	WEEK	Due Date For Homework	Textbook Title	Textbook Readings	Textbook Exercises, & Problems
Week 1	1	1	Week 10	Accounting and the Business Environment	Pages 2-41	P1-1A P1-2A P1-5A
Week 2	2	2	Week 10	Recording Business Transactions	Pages  42-89	P2-2A P2-3A P2-4A
Week 3	3	3	Week 10	The Adjusting Process	Pages 90-137	P3-3A P3-4A P3-5A
Week 3			Review for Exam #1 Chapter 1-4
Week 4	4	4	Week 10	Completing the Accounting Cycle	Pages 138-181	S4-4 S4-8 S4-9 S4-11 E4-7 E4-8
Week 4			Exam #1 Chapter 1-4
Week 5	5	5	Week 10	Merchandising Operations	Pages 182-245	E5-1 E5-2 E5-3 E5-4
Week 6	6	6	Week 10	Merchandise Inventory	Pages 246-279	E6-1 E6-2 E6-3 E6-4 E6-6 E6-9
Week 7	7	7	Week 10	Accounting Information Systems	Pages 280-321	S7-6 E7-2 S7-4 E7-8
Week 7	7	7	Review #2 Chapter 5-9
Week 8	8	8	Week 10	Internal Control and Cash	Pages 322-359	S8-1 S8-2 S8-3 S8-6 S8-11 E8-5 E8-6
Week 8	9	8	Week 10	Receivables	Pages 360-397	S9-3 S9-4 S9-8 P9-2A
Week 8	8	8	Exams #2 Chapter 5-9
Week 9	10	9	Week 10	Plant Assets and Intangibles	Pages 398-433	S10-2 S10-4 S10-5