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Syllabus

Lackawanna College

ACC 105OA – Principles of Accounting I

Online Classroom: 3 credits

Fall 2017, Session 1, August 28 – October 17

 

Instructor:  Kathy McHenry                                 Phone: 570-903-2433

E-mailkathy.mchenry@falcons.lackawanna.edu  Email is checked several times daily.

Office Hours: Online through chat at a mutually convenient scheduled time.

 

Text: Financial Accounting, 14ed, Warren, Reeve, Duchac

 

Description:

ACC 105 is an introductory course building the foundation for the advanced levels of accountancy training, starting with accounting for a service or merchandising business operated by a single proprietor. The course emphasizes generally accepted accounting principles and practices, the fundamental equation of accounts, the accounting cycle, the accounting system, accounting for merchandise and the Sarbanes Oxley Act.

 

Objectives:

  1. Describe the role of accounting and ethics in business; use generally accepted accounting principles in recording business transactions; explain the effects of transactions on the accounting equation; formulate financial statements of a proprietorship and explain how they interrelate.
  2. Describe the characteristics of an account; describe and illustrate journalizing and posting transactions using the double-entry accounting system; prepare an unadjusted trial balance and explain how it can be used to discover errors.
  3. Journalize entries for accounts requiring adjustment; summarize the adjustments process; prepare an adjusted trial balance.
  4. Prepare financial statement from adjusted account balances; prepare closing entries; describe the accounting cycle; explain what is meant by the fiscal year and the natural business year.
  5. Define and describe an accounting system; journalize and post transactions in special journals and subsidiary ledgers; describe and illustrate the use of a computerized accounting system; describe the basic features of e-commerce.
  6. Describe and illustrate the accounting for merchandise transactions; describe and illustrate the financial statements of a merchandising business; describe the adjusting and closing process for a merchandise business.
  7. Explain the Sarbanes-Oxley Act; describe the objectives and elements of internal control to cash; illustrate the use of bank reconciliation in controlling cash; describe and illustrate the reporting of cash and cash equivalents in the financial statements.

 

Requirements:

 

  • Calculator
  • Textbook
  • Notebook
  • Optional Working Papers
  • PENCIL NOT PEN


 

Evaluation: 

  • Assignments – Each assignment is worth 100 points. See assignments for rubric.
  • Vocab Quizzes – 67 points total.
  • Discussions – each discussion is worth 40 points. See rubric below.
  • Final Problem – 700 points – See problem for rubric.
  • Research project – 200 points – Details on the portal.

 

Online Course Attendance Policy

Students enrolled in credit-bearing courses at Lackawanna College will fail any course(s) in which they accumulate absences beyond the maximum number allowed. This pertains to online courses as well.

Attendance is defined by participating in an academic activity within the online classroom, which includes posting replies in a graded discussion forum or submitting a written assignment. Replies not related to the aforementioned activities will not count for attendance purposes.


 

# of Days Required for Discussion in an Online Course

Maximum # of Weeks Allowed without Discussion

 Twice on any four days in a week (8 total)

0

 

  • You are required to engage in discussion at least TWICE on FOUR days throughout the week for a total of EIGHT replies in all, minimum.
  • You should respond to the initial DQs posted AND respond to your classmates.
  • Responses MUST be substantive. See the document titled Good Discussions in your Handouts and Links.
  • Responses that do not move the conversation forward by providing information to which others can respond and build upon will NOT be counted toward your weekly score.
  • Students who miss one week of discussion will be DROPPED from the course.
  • Students who do not log on to the course within the drop/add period for the course will be DROPPED from the course.

 

Online Course Discussion Policy

In order to understand, remember, and benefit from what we learn in class, discussion and interaction are critical. Responses such as, “I like what you said.” “I agree.” Or “Good thinking.” are NOT acceptable. Also, you should NOT simply repeat what someone else has already said.

 

You MUST reply no less than 8 times per week – twice on any four days.

Good Discussions in Handouts and Links will help you, but you should also use this rubric to gain all possible points for your contributions and, more importantly, to get the most out of our class discussion!

 

Online Classroom Discussion and Interaction Rubric

40 points per week for a total of 280 points

 

What Should I Do?

Points Available

Did I do This?

Where?

Points Earned

Answer both Discussion Questions directly demonstrating a clear understanding of the material, support your response with research or reading, and promote conversation (2 replies)

 5

 

 

 

Respond to at least two classmates’ posts (2 replies)

 5

 

 

 

Continue both conversations with at least one additional reply to each peer (2 replies)

 5

 

 

 

Respond to at least one of the teacher’s secondary questions, conversing with a classmate who responds to the same question (2 replies)

 5

 

 

 

Be sure all responses are detailed and clear and are posted twice on four separate days.

 5

 

 

 

Be sure that all responses relate to the course reading and notes, your own everyday life, or to both

 5

 

 

 

Provides the class with a response that is non-generic and inspiring – meaning that they learn from what you have contributed and can continue the conversation

 5

 

 

 

Use proper grammar, spelling, and netiquette

 5

 

 

 

TOTAL POINTS for EACH WEEKLY DISCUSSION:

 40

 

 

 

Withdrawal Policy

A student has the privilege of withdrawing from any courses or from the College itself without academic penalty up to and including the final date for withdrawal indicated on the College calendar.

To withdraw officially from a course or from the College, a student must obtain the proper withdrawal form from the Student Affairs Office or from your Center Director, complete this form and submit it to the Registrar's Office before the final day for withdrawal without academic penalty as indicated on the College calendar. If a student stops attending a course for which he/she is registered after the published census date (end of drop/add) without having officially withdrawn from the course, the student will be assigned an AW (penalty-grade failure) for the class. No exceptions will be made.

Students who violate the College's Academic Integrity Policy and fail a course in consequence may not exercise the withdrawal privilege in that particular course.

Financial obligations to the College will be determined according to the Refund Policy.

 

Instructor Policies:

  • Accounting builds on itself. If you miss anything, you will fall behind.
  • All initial responses to the discussion questions MUST be sent by WEDNESDAY.
  • All chapter assignments are due by SATURDAY; vocab quizzes are due by
  • Final Problem Steps are due on
  • Research Project is due Last Day of Class.

 

Grading:  For rubrics, please see the portal.

 

  Letter Grade

Numeric Range

Quality Points

A

96 – 100

4.0

A-

90 – 95

3.67

B+

87 – 89

3.33

B

83 – 86

3.0

B-

80 – 82

2.67

C+

77 – 79

2.33

C

73 – 76

2.0

C-

70 – 72

1.67

D+

67 – 69

1.33

D

60 – 66

1.0

F

0 – 59

0

 

Due Dates and Late Penalties:

Late assignments will earn a penalty. Technical difficulties are NOT a justification for lateness.

  • The grace period for late assignments is as follows:
    • 1 day late-10% deduction off of the assignment grade
    • 2 days late-20% off of the assignment grade
    • 3 days late-the assignment will receive a grade of 0%
  • There will be no “extra credit.”

 

Academic Integrity

Academic dishonesty in any form, such as plagiarism and cheating, will not be tolerated. Sanctions will include an automatic F for plagiarism, but the severity or frequency of the violation may result in dismissal from the College as well. Please see the Student Handbook for a complete explanation.

 

The following are among the forms of dishonesty, in a classroom of any type, for which sanctions may be applied:

  • Using books, notes or other materials during an examination, unless expressly permitted;
  • Using purchased essays, term papers or preparatory research for such papers;
  • Copying others' work or engaging in unauthorized cooperation during an assignment or examination;
  • Allowing another student to copy from an examination or other assignment intended to be performed independently;
  • Borrowing from published works, whether material is taken verbatim or with minor alterations, without proper and/or sufficient acknowledgment;
  • Submitting as one’s own work originally done by someone else;
  • Submitting the same written report in more than one course without prior approval from the instructor(s) involved;
  • Stealing examinations or assignments;
  • Supplying or selling examinations or assignments;
  • Misrepresenting statements concerning work submitted;
  • Falsifying or fabricating experimental data or results;
  • Falsifying or fabricating the need for extensions on papers or make-up examinations.
  • Misrepresenting identity in an online course

 

(Please see student handbook for more information)

 

 

Disability Statement

Lackawanna College is an Affirmative Action, Equal Employment Opportunity institution.  Students with disabilities and other needs should feel free to contact the instructor privately if there are services and adaptations which can be made to accommodate specific needs.  Students who are having difficulties with class material are strongly advised to seek assistance in the reading and writing lab.  If you feel that you have a disability that has not been formally documented, you may meet with Mrs. Christine Kiehart in the Disability Services office to discuss your options. Please note that disability services do not include exemption from participation requirements in courses considered part of the School of Distance Education, including online and hybrid courses.

 

Lackawanna College Notice of Nondiscrimination

Lackawanna College will not discriminate in its educational programs, activities, or employment practices, based on race, color, national origin, sexual orientation, disability, age, religion, ancestry, union membership, or any other legally protected classification. Announcement of this policy is in accordance with State Law including the Pennsylvania Human Relations Act and with Federal Law including Titles VI and VII of the Civil Rights Act of 1964, Title IX of the Education Amendments of 1972, Sections 503 and 504 of the Rehabilitation Act of 1973, the Age Discrimination Act of 1975, and Americans with Disabilities Act of 1990.

 

Title IX of the Education Amendment of 1972 is a federal civil rights law that prohibits discrimination on the basis of sex in federally funded education programs and activities. Lackawanna College is committed to providing an educational and work environment that is free from unlawful sexual discrimination including sexual harassment, sexual violence, and gender based harassment.

 

In accordance with Title IX of the Education Amendments of 1972, Lackawanna College will not tolerate any forms of sexual misconduct including but not limited to: sexual harassment, sexual assault, sexual violence and gender-based harassment by employees, students or third parties. This includes prohibiting discrimination against pregnant and parenting students. The College also prohibits retaliation against any person who makes a claim of discrimination or harassment or who provides information in such an investigation. This policy applies to admissions, employment, treatment and access to all programs and activities that take place either on or off the campus at Lackawanna College.

 

Lackawanna College will fully and promptly investigate all allegations of sexual misconduct and will take action reasonably designed to resolve the complaint in an equitable manner, end a hostile environment if one has been created, prevent its recurrence, and, when appropriate, take steps to remedy its effects on individuals and the college community.

Lackawanna College complies with Title IX and all other federal laws and regulations that prohibit discrimination in education programs or activities receiving federal financial assistance.

 

Reports or inquiries regarding nondiscrimination should be made to:

Title IX Coordinator/ Executive Director of the Student Wellness Program, Marsha Pigga, Angeli Hall, Room 102, 501 Vine Street, Scranton PA, 18509 (570) 955-1466/ (570) 677-7589, piggam@lackawanna.edu.

 

Equal Opportunity and Affirmative Action inquiries: Georgia Egan, Affirmative Action Officer/Director of Continuing Education, Angeli Hall, Room 300C, Vine Street, Scranton PA (570) 961-7815, EganG@lackawanna.edu or Tony Ferrese, Affirmative Action Officer/Seeley Hall Residence Director, Seeley Hall, First Floor, North Washington Avenue, Scranton PA, (570) 504-1760, FerreseT@lackawanna.edu.

 

Additional information regarding Title IX requirements and how to file a complaint with the Office of Civil Rights: Office of Civil Rights at www2.ed.gov/ocr, 800-421-3481. Philadelphia Office: Office for Civil Rights U.S. Department of Education, The Wanamaker Building,100 Penn Square East, Suite 515, Philadelphia, PA 19107-3323 Telephone: 215-656-8541, Email: OCR.Philadelphia@ed.gov.   

 

Portfolio and Coursework

Lackawanna College will empower you to experience learning by inspiring your critical thinking, accessing your talents and skills, motivating you toward a career choice, and encouraging you to make a difference. In evidence of this learning, the College requires a graduation portfolio containing Career Documents, including a résumé, two letters of recommendation, and a career exploration; Core Coursework, including a research paper from College Writing; three sample papers or projects from Major Coursework; and a Lackawanna College Reflection Paper.

 


 

Course Schedule:

 

Week

Topic

Course Objective Met

Reading/Assignments Due

1

Chapter 1

Objective # 1

Read Chapter 1

Terms and definitions

Discussion Questions

Chapter 1 Assignment

2

Chapter 2

Objective #2

Read Chapter 2

Terms and Definitions

Discussion Questions

Chapter 2 Assignment

3

Chapter 3

Objective #3

Read Chapter 3

Terms and Definitions

Discussion Questions

Chapter 3 Assignment

Final Problem Steps 1, 2, and 3

4

Chapter 4

Objective. #4

Read Chapter 4

Terms and Definitions

Discussion Questions

Chapter 4 Assignment

Final Problem Steps 4, 5, 6 and 7

5

Chapter 5

Objective #5

Read Chapter 5

Terms and Definitions

Discussion Questions

Chapter 5 Assignment

Final Problem Steps 8, 9 and 10

6

Chapter 6

Objective #6

Read Chapter 6

Terms and Definitions

Discussion Questions

Chapter 6 Assignment

Final Problem Due

7

Chapter 8

Objective #7

Read Chapter 8

Terms and Definitions

Discussion Questions

Chapter 8 Assignment

Research Project Due