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211_Syllabus_spring 2012-01W


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									                                    Syllabus ACC211/001W
                                   Principles of Accounting I
                                          Spring 2012
Instructor   Professor Bobbie         Office Hours     Mon.: 11AM-12:15 & 1:15-2:45 PM
             Gershman                                  Tues.:11 - Noon
                                                       Wed.: 11 AM – 12:15
Phone        703-878-5855             Email            bgershman@nvcc.edu
Office       302X                     Homepage         www.nvcc.edu/home/bgershman

Required: Fundamental Accounting Principles, 20th Edition, Volume 1, Chapters 1-12, Wild, Shaw,
Chiappetta, McGraw-Hill Irwin, 2011. Contains Connect Accounting access code. We encourage you
to purchase the loose-leaf text which covers chapters 1 – 25 and can be used again in ACC212. If
you want just the ebook, then you must purcahse Connect Plus.

      Connect Accounting: http://connect.mcgraw-hill.com/class/bgershman_acc211_spring_2012-
      To reach the Blackboard site go to http://learn.vccs.edu. Your User ID and your password are
       the same as the ones used to enter NovaConnect. On Blackboard you will find a copy of the
       syllabus, Power Point slides, a link to Connect Accounting, Video clips and other study
      Online Learning Center from the publisher: www.mhhe.com/wildFAP20e contains student
       study tools for each chapter as well as Web Resources and Accounting news.

There will be 4 in-class exams which will include about 5 multiple choice questions and 4 or 5
problems similar to the homework exercises and problems and one take-home exam. None of the
exams will be cumulative in nature. There will be no make-up tests without prior arrangements.
Failure to receive advance permission or to take the test when scheduled will result in a grade of -0-
for the missed exam. Prearranged tests will be left in the Woodbridge Campus Testing Center and
must be taken within one week of the scheduled test date.

Your grade will be based on the following criteria:
Exam 1                                                  50 points
Exam 2, 3 & 4 (3 X 100 points each)                    300 points
Financial Statement exam                                50 points
Homework                                               100 points
Quizzes                                                 50 points
Total                                                  550 points

Final grades will be based on the following scale:
Percentage Earned        Grade            Points Earned
90 - 100            =       A     =       495-550
80 - 89             =       B     =       440-494
70 - 79             =       C     =       385-439
60 - 69             =       D     =       330-384
Below 60            =       F     =       329 and below

Presents accounting principles and their application to various businesses. Covers income
determination, asset valuation, and financial reporting. The course studies both service and
merchandise operations including internal controls and analysis of financial statements. Lecture 3
hours per week.

Course Schedule
Approximately every week we will cover one chapter. I will discuss the chapter and you will go home
and do the homework problems. We will then review the homework before we move on to the next
This schedule is subject to change.
                      Exercises and Problems on Connect
                      (On Connect these exercises/problems are
Week Topic            all ready there as questions. These are        To be done on paper
                      just here for reference if you want to look
                      at the book.)
1       Syllabus                                                     Ex. 1-14, 1-15, 1-16 (pg. 35)
        Chapter 1
2 & 3 Chapter 2       Ex. 2-4, Pr. 2-4A
3 & 4 Chapter 3       Ex. 3-4, Pr. 3-3A Req 2 only                   Ex. 3-3 (pg. 120)
5       Exam 1
        Ch. 1-3
6       Chapter 4     Ex. 4-4, 4-5                                   Ex. 4-3 (pg. 161)
7       Chapter 5     Pr. 5-2A, 5-4A, 5-5A (Req 1)                   Ex. 5-2 (pg. 211) 1 & 2 only
8       Chapter 6     Ex. 6-7, Pr. 6-1A                              Ex. 6-3 (pg. 258)
9       Financial Statement exam
10      Exam 2
        Ch. 4-6
11      Chapter 7     Ex. 8-5, 8-9, Pr. 8-4A                         Ex. 8-10 (pg. 348)
        Chapter 8
12      Chapter 9     Ex. 9-4, 9-5, 9-9                              Ex. 9-14 (pg. 384)
13      Exam
        Ch 7-9
14      Chapter 10 Ex. 10-1,10-6, 10-7, 10-8                         Ex. 10-16 (pg. 424)
15      Chapter 11 Ex. 11-6, 11-7, Ex. 11-8, Pr. 11-1A               Ex. 11-11 (pg. 465)
16      Exam 4
        Ch 10-11

Ex. = Exercises, Pr. = Problems

Important Dates:
No class: January 16, March 5 & 7

Last day to withdraw: March 23

Final exam:
May 7, 8 – 9:50 AM

Entry Level Competencies:
The student should be eligible to take English 111 and have basic math skills. A student in Principles
of Accounting should be able to read, write, analyze and do basic math calculations. A working
knowledge of computers is required.

Other resource requirements:
Calculator    Access to the internet and printer
Notebook      Pencils and eraser                 Storage (if using computers on campus)

 Administrative Policies:
    The College policy regarding withdrawals will be adhered to. These policies can be found in the
     College schedule of classes and course catalogue. It is your responsibility to comply with the
     stated policy. The last day to withdraw and receive a refund is January 26, 2012. The last day
     to withdraw without a failing grade for the current semester is March 23, 2012.
     Regular attendance is expected and an attendance record will be maintained for each class.
     Students who fail to attend class during the first 3 weeks will be administratively withdrawn. In
     addition, those who fail to attend at least 50 percent of the classes before the withdrawal date
     will be administratively withdrawn from the course by the instructor for failure to attend and make
     satisfactory progress in the course.
    Students are expected to arrive on time, be prepared for class, turn in assignments on time and
     leave class only at breaks or for emergencies.
    Late assignments will be accepted however, the points earned will be reduced by 10% for each
     day after the due date.
    Cell phones and other devices that make distracting noises will be turned off before class starts
     and students will refrain from talking with classmates while the instructor or another student has
     the floor.
    Always bring your text, a pencil and calculator to class.
    If school is opening late and there will still be at least 45 minutes of class remaining, we will have
    If school is cancelled, check into Blackboard to find announcements about what I expect you to
     finish over the coming week.
    The best way to contact me is through email. I will try to answer your emails within 24 hours. If
     you do not hear from me within 48 hours, please resend your email. However, note that I do not
     work on Friday night and Saturday. I answer phone calls only when I am on campus which is
     Monday, Tuesday and Wednesday.

Requirements and Assignments:
    You must read the chapter we are studying at least one time. Go to Blackboard
     http://learn.vccs.edu and print out the Power Point presentation under Course Documents to use
     as a start to your class notes. You will also find other study aids on the Blackboard site such
     as video clips.
    For each chapter, homework exercises and problems will be assigned for completion. They will
     be due after we finish the portion of the chapter that covers the particular assignment. During
     class periods, you will be told the specific date when assignments are due. We will discuss the
     solutions to the homework assignments in class.

    Selected homework will be completed online using Connect Accounting. It is located at
     http://connect.mcgraw-hill.com/class/bgershman_acc211_spring_2012-01 . You will have 3
     attempts to correctly complete each homework exercise or problem.
    If you cannot afford to buy your text during the first week of class, you may register for 3 free
     weeks of use of the ebook and Connect. If this is a consideration for you, wait until we have
     started chapter 2 before you register so that you can get the most coverage as possible. To do
     this go to the Connect URL above.
    I do not expect you to have “perfect” answers; however, I do expect you to have attempted to
     answer all problems. In order to receive full credit for the homework assignment you must
     correctly answer 70% of the questions assigned. On Connect Accounting that means in order to
     earn 8 points you must get a score of 5.6. If your score is less than 5.6, the number of points
     you have actually earned will be the amount recorded in the grade book. Each paper homework
     is worth 2 points and must be 70% complete to earn those points.
    You will be assigned to a group by the beginning of the third week of class. This group will work
     together to help you study and improve grades.
    There will be approximately 20 in class quizzes. They will be administered during the first 10 –
     15 minutes of class. There will be NO make-up quizzes or the chance to take them at a later
     date or time. Each one will be worth 3 points. The maximum points that can be earned for
     quizzes will be 50 points which means that you can miss or do poorly on a few quizzes and still
     earn the maximum amount of points. These quizzes will be open notes and will only cover
     material that we have all ready discussed in class.
    Besides the homework assignments on Connect Accounting, you will find Learn Smart modules.
     By working through these modules, you will be able to earn up to 10 extra credit points for each
     exam. The due dates for the completion of the modules will be on Connect Accounting.

A. Students will learn to analyze routine business transactions and events, record them in journals
and ledgers, summarize recorded data, determine effects of internal value changes within the
business enterprise, and prepare financial statements.
B. Students will learn both accounting theory and practice which will prepare them for continued study
in accounting or to acquire the ability to manage personal and career finances.

The basic objectives of ACC211 are to acquaint and teach the student:
   A. About the profession of accounting and specialized accounting fields.
   B. The accounting equation and the theoretical and practical applications of selected generally
      accepted accounting principles.
   C. The nature of accounts, and the usage of debit and credit.
   D. How to record business transactions in a journal, post the information to ledger accounts, and
      prepare a trial balance.
   E. A working knowledge of financial statement preparation.
   F. The need for and usage of adjusting entries, closing entries, and reversing entries as part of
      the final steps in the accounting cycle.
   G. The basic principles of internal control, with emphasis on the control of cash receipts and
      disbursements, petty cash and the use of bank statement reconciliations.
   H. The procedures related to accounts receivable and the handling of bad credit losses.
   I. The accounting procedures and concepts related to notes receivable, recording interest
      income, and all of the associated calculations and terminology.

   J. The accounting procedures relative to plant and equipment, including their acquisition,
      depreciation and disposals.
   K. The basic accounting procedures for liabilities, including notes payable, contingencies and
      payroll obligations.

College Schedule:
Important dates can be found in the schedule of classes or by accessing the college web
site at http://www.nvcc.edu/calendars. It is the student’s responsibility to read and
know the dates for application for graduation, add/drop, or withdrawal without grade
penalty etc.

Please take note of the closest fire exit to the classroom. You will find a framed
emergency evacuation plan on one of the walls in each of the classrooms. This describes
the procedures that must be followed, and diagrams the evacuation routes that are to be
used in case of emergency. All occupants must immediately evacuate the building when
the fire alarm bells/lights are activated unless the Building Warden has advised that the
system is undergoing a scheduled test. Occupants will exit the building using posted
evacuation routes or the nearest safe exit. Elevators will not be used during emergency
evacuation. Upon exiting, occupants are to continue moving until they are at least 300
feet from the building. The instructor will assist handicapped persons to the designated
assistance areas on each floor. You should take your coats and purses with you, as there
is no assurance that you will be allowed to return. In case of a Tornado we will move to
room 308, 309 or 310.

Disruptive Behavior Policy:
Disruptive behavior or threat of physical harm will not be tolerated. This includes, but is
not limited to, a variety of behaviors such as use of cell phones, talking during lecture,
reading a newspaper, and/or bothering other students. Students in violation will be asked
to leave the classroom. Other disciplinary action may be taken in accordance with the
policies in the college Student Handbook.

Academic Dishonesty Policy:
Academic dishonesty includes cheating, plagiarism, and other forms of dishonorable
conduct. Such dishonesty will not be tolerated. Penalties can range from the issuance of
failing grades (on an assignment, an exam, or the course) to being referred to the Dean of
Student Development for further disciplinary action, including possible expulsion from the
College. More detailed information about the college policy is in the College Catalogue
and Student Handbook or can be viewed on the college web page at

 ADA/Disabilities Policy

 Students with disabilities who will be taking this course and may need disability-related
 classroom accommodations are encouraged to contact one of NVCC’s six campus
 Disability Services offices to seek accommodations and documentation. Students
 should carefully review the information on NOVA’s Disability Services website. The
 completed “Students with Disabilities Intake Packet” may be submitted to one of NOVA’s
 six campus Disability Services offices.
 Students must submit their accommodation documentation that they
 receive from NVCC's Disability Services office to me as soon as possible so I may meet
 their documented accommodations.

Other Student Resources
Student E-mail:
All NOVA students are given an email account. For information on how to use your
student email account, go to http://www.nvcc.edu/ithd/student/email/guidelines/. Your
email prefix will also serve as your User ID for access to my Blackboard site.

Open Computer Lab:
Lab assistants are available in room 336 to help you operate the computer equipment and
software. The staff may be able to assist you with certain computer assignments. For
Lab information call 703-878-5713 or visit their website at
http://www.nvcc.edu/woodbridge/computer-lab/ Normal hours are:
             Monday - Thursday               8:30 a.m. to 10:00 p.m.
            Friday                            8:30 a.m. to 5:00 p.m.
            Saturday (closed in summer) 9:00 a.m. to 1:00 p.m.
            Sundays and Holidays                    CLOSED

Library Resources:
The College Library is in room 427. Librarians are available to assist you in using the
resources. For information call 703-878-5733 or visit their website at
http://www.nvcc.edu/woodbridge/library/. Normal hours are:
             Monday - Thursday               8:00 a.m. to 9:00 p.m.
             Friday                          8:00 a.m. to 5:00 p.m.
             Saturday (closed in             9:00 a.m. to 3:30 p.m.
             Sundays and Holidays            CLOSED

Academic Assistance:
The Math and Writing Center (PIER) is open five days a week to provide free one-on-one
consultations. Peer tutors can offer you an additional assistance with your coursework.
The center is located in room 328 and the hours are posted on the Center door or visit
their website at http://www.nvcc.edu/woodbridge/tutoring-center/.
A tutor is available several hours a week to help with Accounting.

Student Development:
Counseling and other services are available in the Counseling Office in room 202. For
more information what services are available call 703-878-5760 or visit their website at
services/index.html. Normal hours are:
            Monday - Thursday                8:30 a.m. to 7:30 p.m.
            Friday                           8:30 a.m. to 5:00 p.m.


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