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On-Line Orientation and Syllabus

Revised 1/05/2017

This syllabus is prepared and designed to be used as an introduction and orientation for your on-

line course. Your understanding of its contents is extremely important and therefore each

student’s responsibility.

If in doubt, ask early not at the end of the semester!!!

Financial Accounting (ACCT1A) – Internet

Saddleback College

Business Science and EWD Division

Instructor: Sean Bowman Term/Semester: Spring 2017

E-mail: sbowman@saddleback.edu Preferred contact is by email

Office: no physical office Ticket #: 18015

Office Hours: TBA Time & Day: Distance Education-Internet

The URL for access to the McGraw-Hill CONNECT PLUS Site, sometimes referred to as

CONNECT PLUS in this document, for Homework Exercises, Problems, Interactive Presentations

Assignments and other learning tools is located in the week 1 “online classroom” of Blackboard for

this class.

This course requires an in person proctored Final Exam. The Final Exam is taken at Saddleback

Campus. Note: Final Exam Schedule (Tentative) – TBD

Do not take this course if you are unable to attend one of these exam sessions.

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Saddleback College Financial Accounting

ACCT 1A – Spring 2017 Course Syllabus (On-line)

Instructor: Sean Bowman

E-mail: sbowman@saddleback.edu

Saddleback Web Site and Blackboard Access: http://www.saddleback.edu

Note: Every student is assigned a college e-mail account and pin number (password). Do not change your e-mail address. If you prefer to receive e-mail at another address, you will need to link your desired email address to your school address.

Course Requirements/Prerequisites: None.

Course Student Learning Outcomes and Format: (4 un i ts ) This course will present the basic theory

and structure of financial accounting as an information system, focus ing on the corporate form

of business ownership.

Course Learning Objectives: Students participating in this class will learn to:

1. Describe the basic financial accounting concepts and principles and the nature and purpose of

Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards

(IFRS). Identify the ethical implications inherent in financial reporting and apply strategies for

addressing them.

2. Describe and use accounting and business terms and apply transaction analysis, input transactions

into the accounting system, process this input, and prepare and interpret the four basic financial

statements.

3. Describe accounting systems and its users, purpose, journals, and ledgers, and apply transactions

for service and merchandising enterprises.

4. Explain the content form and purpose of basic financial statements and how they satisfy the

information needs of investors, creditors and other users.

5. Identify the acquisition, disposal, valuation (including time value of money), reporting, and other

issues relating to Assets (Current, Capital, and non-current), Liabilities (Current, non-current, and

contingencies),and Equity components (Stock, Retained Earnings, Dividends, Revenues, and

Expenses).

6. Interpret company activity, profitability, liquidity, and solvency through selection and application

of appropriate financial analysis tools (including ratio analysis).

7. Describe importance of internal controls and how they are used in business.

8. Explain the importance of operating, investing and financing activities reported in the Statement of

Cash Flows.

9. Distinguish between cash basis and accrual basis accounting and their impact on the financial

statements, including the revenue recognition and matching principles.

10. Explain the nature of current assets and related issues, including the measurement and reporting of

cash and cash equivalents, receivables and bad debts, and inventory and cost of goods sold.

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Student Learning Outcomes:

Students completing this course satisfactorily will be able to:

1. Prepare a set of basic financial statements.

2. Calculate and analyze common ratios and numerical relationships that are produced through the

accounting cycle.

3. Demonstrate proficiency in processing the accounting cycle for a business.

4. Demonstrate proficiency in communicating financial information in the subject area.

5. Students will be able to present an oral presentation in the designated subject area

Lectures, demonstrations problems, group discussions, and analysis of “real world” applications will

comprise the format. You must be prepared to enter into discussions by reading the text assignments

Texts:

Required: “Financial & Managerial Accounting. 5th edition,” Wild, John, Shaw, Ken, & Chiappetta, Barbara.

McGraw-Hill/Irwin Publishing Company, 2013. ISBN 978-1259170386.

Note: The textbook package includes everything you need for this class and is specially bundled for you by the

publisher. It is only available through the Saddleback and Irvine Valley College bookstore or on-line with the

publisher. If you purchase the text from any other source, you will be responsible for any resource that is in

this package.

Exams/Grading Policy:

Exams may consist of multiple choice questions, short answer questions, essays and short problems. There will be NO MAKE UP ONLINE EXAMS given for any reason. If for an EMERGENCY reason you must miss an exam, the instructor must be notified BEFORE the scheduled exam or a grade of zero will be assigned. Vacations etc. and other events are not considered valid excuses for missing an exam.

Your grade will be determined on the basis of the number of cumulative points scored on homework, exercises, exams, projects, discussion boards, etc. The points will be weighted as follows:

Final Exam 200 points (This is a proctored exam)

Midterm Exam (3 x 100 pts) 300 points

Interactive Presentations 150 points

Homework 200 points

Intro/Discussion Participation (6 x 25 pts) 150 points

Note: Homework and quizzes will be administered via ConnectPlus (see below) The Final Exam is

a proctored exam on campus. Extra credit is not available for this class. Answering specific assigned Discussion Board Questions will compose the Group Project. Details will be announced during the course.

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TOTAL 1000 POINTS

Grades are determined as follows:

Grade Index: Points % Letter Grade

(895 - 1000) 90 -100 A

(795 - 894) 80 - 89 B

(695 - 794) 70 - 79 C

(595 - 694) 60 - 69 D

(0 - 594) below 60 F

Access to Blackboard (Saddleback’s Online Portal)

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Go online to http://socccd.blackboard.com, enter your username and password then click on login. Your username and password are the same as your e-mail. If you have problems, a link to the Blackboard Help Desk is listed under “Login Help”.

Access to CONNECT PLUS Homework, Interactive Presentations, and Online Exams are administered through McGraw-Hill’s CONNECT PLUS. You may access the application either through Blackboard/External Links or directly through the URL provided to you by the instructor. You must register as a student with the access code provided to you in the text package (see Text paragraph above). Work MUST be submitted through CONNECT PLUS only and will not be accepted in any other form.

To create a student account, follow these directions: 1 Click on the link provided by your instructor or provided in Blackboard for access to your specific class section.

2 If this is your first time using CONNECT PLUS, click on REGISTER NOW. Provide the information requested for Student Registration.

3 To register, provide your e-mail and password for CONNECT PLUS (see Step 2 if you are new). Enter the 20 digit code that comes with your text book in the boxes on the Student Registration page, and click the Submit button (note: the code is case sensitive; please enter the codes in upper case letters). If you need to purchase another access code, click on Buy Online.

4 If you are not sure if you are going to stay in the course or you do not want to start your registration period, you can click on Start Courtesy Access to get a two week free trial of the class material (Courtesy Access date starts on first day of your login and runs for the next two weeks.

5 Fill out the registration form that appears and click the “OK” button.

6 Click the “YES” button to confirm your account (note: this account is unique to this class and you cannot use an account established for a different class that used CONNECT PLUS).

7 Do not lose your CONNECT PLUS Code. If you do, you will need to purchase a new one. Treat it like cash.

CONNECT PLUS Tips: You can only do one thing at a time. You cannot view past results while you are in the process of taking an assignment. You cannot take two graded assignments at the same time.

Each assignment has several options to assist you succeed: o Link to eBook (book icon) – provides you a direct link to the eBook version of our textbook o Print (printer icon) – allows you to print out the question o Contact MH Publishing (link) – you can send a question/comment to the publisher to report a

question or problem with the question. o Check my work (link) – provides you with a quick check of your answers in the question to tell

you what is right and wrong. o View Hint #1 (link) – watch a video of how to solve a similar problem to the one you are working

on. o Use the "Prev", "Next", question pull down menu, “Save & Exit” and “Submit Assignment” buttons

periodically to save and avoid timing out. If there is no activity within 60 minutes, CONNECT PLUS will automatically log out your session.

Click "Save & Exit" if you wish to work on your assignment at a later time without grading. Remember, you can only work on one open, un-graded assignment at one time. The computer in CONNECT PLUS is set up to automatically submit for you on the assignment due date, so if you forget to press submit button, your work you input and saved will be processed.

Don't copy and paste, this might enter illegal characters in your homework and prevent you from getting a

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grade.

Technical support is provided via e-mail and the “Contact Us” forum located under the Support section of the CONNECT PLUS entry screen.

Access to On-line Content All online content is located in CONNECT PLUS. Click on the Library tab to access the textbook learning materials. Click on the Reports tab to access your scores recorded in CONNECT PLUS.

Note: Technical Support for CONNECT PLUS, eBook, and other course content should be addressed with McGraw-Hill Technical Support. McGraw-Hill tech support phone number is 1-800-331-5094. CHEATING THE FIELD OF ACCOUNTING REQUIRES A HIGH DEGREE OF ETHICAL RESPONSIBILITY IN ORDER TO INSTILL A LEVEL OF

CONFIDENCE IN THE QUALITY OF THE INFORMATION PRODUCED. AN ACADEMIC ENVIRONMENT IS NO DIFFERENT.

CHEATING OF ANY KIND ON ANY PROJECT OR TEST WILL NOT BE TOLERATED IN THIS CLASS. A STUDENT WHO IS

SUSPECTED OF CHEATING WILL BE SUBJECT TO THE APPROPRIATE PROCEDURES DESCRIBED IN THE SADDLEBACK

COLLEGE STUDENT CODE OF CONDUCT.

Important Dates During the Term

First Week of Class Begins:

Tuesday, 1/17/2017

Add without Instructor Permission by:

Monday, 1/16/2017

Last Day to Add with APC*:

Sunday, 2/5/2017

Drop with Refund by:

Sunday, 1/29/2017

Elect Pass/No Pass by:

Thursday, 2/23/2017

Drop without 'W' Grade by:

Sunday, 2/5/2017

Drop with 'W' Grade by:

Wednesday, 4/12/2017

Last Week of Class Ends:

Thursday, 5/25/2017

Do not assume that the instructor will automatically drop you from the course. If you feel you must drop, take the initiative and do it yourself.

Course Policies, Procedures and Assignments

• The instructor assumes you have the requisite computer skills to successfully complete this course. This includes (at least) proficiency with Microsoft Office and access to the Internet.

• Each chapter will have assigned Interactive Presentations which include videos and online activities through ConnectPLUS. Please see the assignment list (last page) for score weighting and due dates. There will be no extensions to due dates.

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• Each chapter will have a series of exercises and problems, which will be performed through ConnectPLUS. Generally, exercises are worth 2 points and Problems are worth 5 points. The point value for each question in ConnectPLUS is listed at the beginning of each question. The class syllabus lists all exercises and problems assigned in ConnectPLUS. Since ConnectPLUS has been set up to help you with the homework with hints, links to the eBook, videos and check your answers to the problems. There is no reason for not achieving all of the available points.

• There are three mid-term exams administered through the session. These exams will be on ConnectPlus. There will be no makeup exams without prior instructor approval.

• There will be a Final exam at the end of the semester. This exam must be proctored and will be on campus at Saddleback College. If you cannot take the exam on the announced dates, you must contact the instructor prior to the test dates. There will be no makeup exams without prior instructor approval.

• Since you are being provided with due dates well in advance, there will be no extensions for due dates for

assignments on CONNECT PLUS. Reasons such as “Blackboard or CONNECT PLUS was down” will not be

accepted. Take the exams early and not at the last minute.

• To help you better understand the class material we may be using www.cccconfer.org as a virtual classroom to answer questions and do sample class problems. These sessions will be announced in advance in Blackboard and student e-mail. Participation is optional but highly recommended. If you cannot participate in the live presentation, the session may be archived so you can watch the presentation at your convenience. Unfortunately, questions can only be answered at the live session only.

• You are expected to read the chapter materials, review the author’s support materials, complete assigned homework, exams, etc. prior to the assigned due date. You are responsible for any material provided by the textbook publisher in the textbook and on their online learning web site.

Note: Dates are approximates and are subject to change; IF there are any changes in exam dates, they will be

announced in Blackboard.

• CONNECT PLUS is an interactive, Internet-based product designed to help you complete all exercises and problems. You will receive instant feedback and the ability to correct any errors. You must keep up with all assignments. Assignment completion due dates and times are listed in CONNECT PLUS (except discussion forums which are in Blackboard).

Discussion Questions

There will be an introduction assignment as well as 5 discussion assignments. The discussion questions will

be posted within the weekly “Blackboard” folder. “First Post” forums require students to post their

perspectives before viewing other students' postings. After the initial posting, students can view and respond

to others' postings. Except for the introduction assignment, all discussion forums will be “First Post”

forums. If the weekly discussion forum requires a response to a fellow classmate, the initial response needs

to be made by end-of-day Thursday to receive full credit for that discussion assignment. 5 points will be

subtracted if the initial post is not made by end-of-day Thursday. The grading rubric for discussion forums is posted below.

Points 25 13 7 0

Accuracy of

language

Mainly correct Can understand

but with few

errors

Contains multiple documentation

errors

No

Posting

Relevance of

content

Post covers most of the

points required

A few points

related to the

question

Posts topics which do not relate to

the discussion content; makes

short or irrelevant remarks.

No

Posting

Appropriateness Appropriate comments: Acceptable style Seems indifferent. Does not No

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of style thoughtful, reflective, and

respectful of other’s

postings.

observe proper online etiquette Posting

25 points are possible for each of the three criterions. The posting score will be an average of three.

Instructor Assistance

I respond well within 24 hours to all messages. However, DO NOT rely on weekend help, even if most

deadlines are set for Sunday at 11:00pm. Each week runs from Monday through Sunday. However any

questions posted after noon on Fridays may not get a response until the following working day (usually

Monday of the following week), which may not help you. Plan your work accordingly. If I do not respond

to your message within 24 hours (except for weekends), please resend your email messa ge.

Accommodations for students with Disabilities:

This course meets the requirements set forth in the accessibility checklist and universal design grid provided

by Special Services. The Web pages, video presentations, textbooks and class materials used in this course

are accessible to students with disabilities.

ACCT 1A - FINANCIAL ACCOUNTING

(SPRING 2017 Online)

ACCT 1A - FINANCIAL ACCOUNTING

(SPRING 2015 Online)

Note: Dates are approximates and are subject to change; Exam dates are approximate. Details for exams will be provided in Blackboard. Most deadlines are 11pm on Sundays however review the weekly lesson in

Blackboard for details.

Week Beg.

Date

Due

Date

Covered

Chapter

Interactive

Presentations/

Points

Homework HW

Points

Discussion Disc.

Points

Exam

1 1/17

1/22

Chapter 1 - Introducing Accounting in

15 E1-9, E1-11, E1-14, E1-15, E1-16, P1-1A, P1-2A

20 Introduction assignment #1

25

8

Business

2 1/23

1/29

Chapter 2 - Analyzing and Recording Transactions

10 E2-4, E2-6, E2-7, E2-9, P2-2A, P2-3A

18

3 1/30

2/5

Chapter 3 - Adjusting Accounts and Recording Transactions

20 E3-1, E3-3, E3-4, P3-1A, P3-3A, P3-8A

21 Discussion #2

25

4 2/6

2/12

Exam 1 (Chapters 1, 2 & 3)

100

5 2/13

2/19

Chapter 4 - Accounting for Merchandising Operations

12 E4-1, E4-2, E4-3, E4-9, P4-1A, P4-3A

18

6 2/20

2/26

Chapter 5 - Inventories and Cost of Sales

12 E5-1, E5-3, E5-5, E5-11, E5-15, E5-16, E5-17, P5-1A, P5-3A

24

7 2/27

3/5

Chapter 6 - Cash and Internal Controls

10 E6-6, P6-4A 10 Discussion

#3 25

8 3/6

3/12

Exam 2 (Chapters 4, 5 & 6)

100

9 3/13

3/19

Chapter 7 - Accounts and Notes Receivable

10 E7-4, E7-5, E7-6, E7-7, E7-8, P7-2A

15

10 3/20

3/26

SPRING BREAK!

11 3/27

4/2

Chapter 8 - Long-Term Assets

12 E8-2, E8-3, E8-4, E8-5, E8-8, E8-14, E8-23, P8-2A, P8-3A

24 Discussion #4

25

12 4/3

4/9

Chapter 9 - Current Liabilities

12 E9-3, E9-9, E9-10, E9-11

8

13 4/10

4/16

Exam 3 (Chapters 7, 8 & 9)

100

14 4/17

4/23

Chapter 10 - Long-Term Liabilities

12 E10-1, E10-2, E10-3. E10-4, E10-5, E10-9, P10-4A, P10-5A

22 Discussion #5

25

15 4/24

4/30

Chapter 11 - Corporate Reporting and

15 E11-2, E11-6, E11-8, E11-9, E11-18

10

9

Analysis

16 5/1

5/7

Chapter 12 - Reporting and Analyzing Cash Flows

10 E12-5, E12-6, E12-7, E12-10, E12-13

10 Discussion #6

25

17 5/8

5/14

Prepare for final exam

Total Final Exam (Chapters 10, 11 & 12 and cumulative)

200

150 200 150 500

Note: Final Exam Schedule (Tentative) – May 17, 19th, 6:30 – 9:00pm or May 20th 8:30 – 11:00am

– Proctored on campus

IMPORTANT – When logging into the CONNECT PLUS System, Use Firefox or Google Chrome or

Safari. Do NOT use Internet Explorer as some of your input may be lost and not recoverable. Also, do

NOT login into your CONNECT PLUS account with more than one login active at a time. For example,

do not login and open the Ebook and then login again at the same time to access homework assignments,

exams, etc. If you do, much of your data will be lost even if you do so from different computers.