To CONTACT the INSTRUCTORTO CONTACT the DIVISION OFFICE

tO CONTACT THE INSTRUCTORTO CONTACT THE DIVISION OFFICE

Assistant Professor: S. Molly McFadden-May, CPA, MTBusiness Information Technology Division

Office: MC 421Associate Dean: Sally Kovac

Phone: (918) 595-7056Office: MC 416

Email: hone: (918) 595-7039

Classroom: MC458

Course PrerequisiteNext course in sequence

ACT score or Introduction to AccountingACCT 2223 Managerial Accounting

CATALOG DEscription
Theory and practice of measuring and recording financial data for an economic unit: journalizing transactions, adjusting entries for revenue and expense items, inventories, depreciation, internal control with an emphasis on cash, current and long term liabilities, and accounting for corporate stock transactions. Emphasis will also concentrate on the preparation and use of the income statement, balance sheet, and statement of cash flows. Lecture: 3 hours.

Course objectives

To acquaint you with:

1. Generally Accepted Accounting Principles (GAAP) and the Accounting Cycle.
2. business organizations and transactions.
3. the cash vs. the accrual basis of accounting.
4. double entry accounting, journals and journalizing, posting and ledgers.
5. the trial balance, worksheets, adjusting entries and closing entries.
6. the Fundamental Accounting Equation and financial statements.
7. internal control, periodic and perpetual inventory systems, and depreciation.
8. interest and present value calculations.
9. stock and bond transactions.

Textbook and required materials

Financial & Managerial Accounting MyAccountingLab for Tulsa Community College Custom Edition

NOTE: This textbook comes with a “Student Access Code” to be used with MAL.
Author:HORNGRENISBN:1256778478 Edition/Copyright:2012Published Date: 2012

NOTE: If you purchase a USED TEXTBOOK you will still need to purchase a “STUDENT ACCESS CODE” rom the publisher On-Line! (STUDENTS: You MUST have the textbook, paper or e-book, and a Student Access Code.)

Calculator: A basic calculator (+, -, *, /) will be helpful for calculations. A “financial” calculator is NOT required for completion of this course. Cell phones are NOT acceptable as calculators during in-class examinations.

Binder: If you purchase the loose-leaf version of the text, you will need a binder to hold the pages. Half of the textbook is required for this class.

Teaching methods

Teaching methods can include: Lecture, handouts, PowerPoint, demonstration of problem solutions, class discussion, homework assignments, computer lab assignments, Blackboard/MyAccountingLab.com,assessment, quizzes and exams. It is only through reading the book and working the problems that you learn accounting. You cannot wait until the weekend before the exam to do your work.

To access, Blackboard, go to, click on Blackboard on the menu box, then click on this course. Students should log on several times weekly to read any Announcements that may have been posted. To access MyAccountingLab, go to or,sign in, and click on this course.

EVALUATION TECHNIQUES

Exams, quizzes, and chapter homework questions will all be done using MyAccountingLab. Other assignments will be submitted through MyAccountingLab or in hard copy form for grading.

ATTENDANCE & PARTICIPATION POLICY

Regular classroom attendance is required. Attendance and participation points are awarded for each class attended and are included in the final grade calculation. However, students missing more than three (3) class sessions may receive an excessive absence notice, be administratively withdrawn from the class (“AW”), or receive a course grade of "F" which could potentially have financial aid consequences for the student.

Arriving late and/or leaving early will reduce attendance and participation points. At the end of the class period, to which a student arrived after attendance was taken, it is their responsibility to let me know they attended class.

In the event of an absence, students are responsible for checking with a classmate before the next class period to get missed lecture notes and/or handouts.

WITHDRAWAL POLICY

The deadline to withdraw from a course shall not exceed 3/4 the duration of any class. Check the TCC Academic Calendar for the deadline that applies to the course(s). Begin the process with a discussion with the faculty member assigned to the course. Contact the Advisement Office at any TCC campus to initiate withdrawal from a course (“W” grade) or to change from Credit to Audit. Withdrawal and/or change to an audit from a course after the drop/add period can alter the financial aid award for the current and future semesters. Students may receive an outstanding bill from TCC if the recalculation leaves a balance due to TCC. Students who stop participating in the course and fail to withdraw may receive a course grade of "F," which may have financial aid consequences for the student.

Grades of “NW” and “AW” will not be assigned at the end of the semester. The deadline to withdraw with a “W” this semester is Friday, November 8, 2013.

COMMUNICATIONS

All TCC students receive a designated TCC Outlook email address (ex: ). All email communications to you will be sent to your TCC email address; and you must use MyTCC email to send email to, and receive email from, the instructor regarding this course. Please DO NOT send emails from your home or business email addresses to your instructors. Use your TCC Email address!

You may contact me by telephone during office hours or anytime by email. I will attempt to respond to emails received Monday through Wednesday no later than the next day. Emails received Thursday through Sunday will be replied to by the following Monday.

Inclement weather: TCC rarely closes. If extreme weather conditions or emergency situations arise, TCC always gives cancellation notices to radio and television stations. This information is also posted on the TCC website ( If I need to cancel class, I will post an announcement on Blackboard and send an email using your TCC email address. If time allows,I will post it on MyAccountingLab.

GENERAL EDUCATIONAL GOALS STATEMENT

General Education courses at TCC ensure that our graduates gain skills, knowledge, and abilities that comprise a common foundation for their higher education and a backdrop for their work and personal lives. TCC’s General Education goals are: Critical Thinking, Effective Communication, Engaged Learning, and Technological Proficiency.

ADA POLICY

DISABILITY RESOURCES:It is the policy and practice of Tulsa Community College to create inclusive learning environments. Accommodations for qualifying students in compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act are available. To request accommodations, contact the Education Access Center (EAC) at or call (918) 595-7115 (Voice). Deaf and hard of hearing students may text (918) 809-1864.

STUDENT SUPPORT SERVICES

A complete list of student support services can be found in the Resources section of the Blackboard course site. This includes information about college services, free tutoring services, software support, and online tutorials related to course concepts.

TOBACCO FREE COLLEGE

Tulsa Community College is a Tobacco Free college in accordance with the Governor’s Executive Order 2012-01 and Title 63 of the Oklahoma Statutes, Section 1-1523 which prohibits smoking or the use of any tobacco products in all public places, in any indoor workplace, and all vehicles owned by the State of Oklahoma and all of its agencies and instrumentalities. This Order includes property leased, rented, or owned by TCC including, but not limited to, all grounds, buildings, facilities, and parking lots. Tulsa Community College’s policy includes a tobacco free environment on all campus and off-campus locations conducting TCC credit or non-credit classes. The TCC Campus Police is responsible for ensuring compliance with the Tobacco-Free Environment Policy. Violations of the policy may be addressed through issuance of campus or state citations.

ACADEMIC DISHONESTY:

Academic dishonesty (cheating) is defined as the deception of others about one’s own work or about the work of another. Academic dishonesty or misconduct is not condoned or tolerated at campuses within the Tulsa Community College system. Tulsa Community College adopts a policy delegating certain forms of authority for disciplinary action to the faculty. Such disciplinary actions delegated to the faculty include, but are not limited to, the dismissal of disrespectful or disorderly students from classes. In the case of academic dishonesty a faculty member may:

• Require the student to redo an assignment or test, or require the student to complete a substitute assignment or test;
• Record a "zero" for the assignment or test in question;
• Recommend to the student that the student withdraw from the class, or administratively withdraw the student from the class;
• Record a grade of "F" for the student at the end of the semester.

Faculty may request that disciplinary action be taken against a student at the administrative level by submitting such request to the Dean of Student Services.

INSTITUTIONAL STATEMENT

Each student is responsible for being aware of the information contained in the TCC Catalog, the TCC Student Policies & Resources Handbook, and semester information listed in the class schedule. All information may be viewed on the TCC website:

CLASSROOM ETIQUETTE

Open and mutually respectful communication of varied opinions, beliefs, and perspectives during classroom or online discussion encourages the free exchange of ideas that is essential to higher learning and to the ability to learn from each other.

The use of electronic devices, such as cell phones, personal music players, etc. can cause distractions and areABSOLUTELYNOT allowed during class. All ear phones, ear buds, or similar devicesmust be removed during class. All devices must be turned off or set to silent during class. Texting, doing homework for this or other classes, or other on-line activity, is NOT allowed during class.

The classroom is equipt with computers which are available for use during the class. Students are expected to participate in the class. Any student using the computers for activities not directly related to the class discussion topic will be asked to leave. This will affect your attendance and participation points.

In the event of emergency, students are expected to step out of the classroom to take the call. (See testing procedures.)

SYLLABUS CHANGES

This syllabus includes a TENTATIVE schedule. Occasionally, changes to the syllabus are necessary. Students will be notified of any changes to the syllabus in writing via Blackboard course announcements and TCC email (and MyAccountingLab if time permits).

TESTING PROCEDURES

During anyin-classtesting procedure, such as exams or quizzes:

• Any student leaving the classroom once the activity has begun will be deemed as having completed the activity.
• Cell phones must be turned completely OFF. When a phone rings it can be very distracting to your classmates and may impair their ability to concentrate.
• No phones may be used during an exam or quiz for any reason.
• No ear phones, ear buds, or similar devices may be worn in/on the ears.
• No downloaded calculators (including cell phones, tablets, etc.) are allowed.

ASSIGNMENTS

Read the Textbook, complete and submit all Homework, Exams, and other Activities by their due dates. A tentative schedule is listed below.

Homework: Homework consists of problems for each chapter, a math review, and assessment review. It is assigned in MyAccountingLab and valued at425 points. All assignments are due at 11:59PM on the due date. The due dates are listed in MyAccountingLab. With the exception of the last chapter, assignments may be submitted after the due date. Late assignments will receive a 25% deduction in points per day. Homework problems can be attempted more than one (1) time and the highest score of all the attempts will be recorded. However, any attempts after the due date will be subject to the late penalty. No homework will be accepted after December 9, 2013.

Exams/Quizzes: Three (3) exams will be given. Total exam points are 300. Two (2) quizzes will be scheduled.Quiz 1 covers chapters 1 and 2, with 25 total points possible. Quiz 2 is the Assessment quiz and is valued at 50 points. No make-up tests or quizzes will be given.

Exams/Quizzes may include multiple choice questions, T/F Questions and/or written problems similar to the homework. They are taken from the text, lectures, demonstrations, lab work and homework assignments. Bring a calculator, pencils, eraser. Scratch paper will be provided.

Each exam covers 4-5 chapters. While exams are not comprehensive perse, the nature of the subject matter is that it builds upon previous learning throughout the semester. You cannot understand Chs. 5-14 if you do not understand Chs. 1-4.

Other: Attendance, Participation, Pop Quizzes, and other Assignments are worth 200 points.

GradING SCALE

Assignments/Projects/Quizzes/Exams
Homework / 425 points
Exams / 300 points
Quiz 1 & Assessment Quiz / 75 points
Participation, Attendance, Pop Quizzes & Other Assignments / 200 points
TOTAL POINTS / 1,000 POINTS

There are 1,000 possible points in this course.

Grades will be earned as follows:

A = 90% - 100% or900 -1000 points

B = 80% - 89% 800 – 899 points

C = 70% - 79% 700 – 799 points

D = 60% - 69% 600 - 699 points

F = 0% - 59% 599 points or below

ISSUANCE OF SCORES ON WRITTEN WORK AND COURSE GRADE

Scores on the homework and tests will be computer graded and automatically recorded in the MyaccountingLab Gradebook. These scores will be transferred to Blackboard as time permits. Other items will be manually graded and posted to the Blackboard Gradebook. The final course grade based on the above scale will be posted to the Blackboard Gradebook and TED.

TRANSFERABILITY

Please visit with the TCCCounselingCenter or the CounselingCenter at the college or university to which you plan to transfer to determine transferability status of this course.

SCHEDULE

Tentative Schedule and Assignments
Fall 2013 – Wednesday Section
Date / Test/Quiz / Discussion Topic / Homework / Due Date @ 11:59PM / Points
W 8/21 / Syllabus, BB, MAL, etc.
W 8/28 / Ch. 1: Accounting & the Business Environment / P1-29A, 32A, 34A, 35A / T 9/3 / 28
W 9/4 / Ch. 2: Recording Business Transactions / P2-29A, 33A, 36A / T 9/10 / 21
W 9/11 / Quiz 1 (Ch. 1-2) / 25
W 9/11 / Ch. 3: The Adjusting Process / P3-28A, 29A, 33A, 34A / T 9/17 / 28
Math Review – Rounding, Fractions, Decimals & Per cents / 20 calculation problems / T 9/17 / 20
W 9/18 / Ch. 4: Completing the Accounting Cycle / P4-25A, 26A, 29A, P4A-1A / T 9/24 / 28
W 9/25 / Test 1 (Ch. 1-4) – Class does not meet / T 10/1 / 100
W 10/2 / Ch. 5: Merchandising Operations / P5-27A, 29A, 31A / T 10/8 / 21
W 10/2 / Ch. 6: Merchandise Inventory / P6-33A, 34A, 36A / T 10/8 / 28
W 10/9 / Ch. 7: Internal Control & Cash / P7-25A, 26A, 27A, 29A, 30A, 32A / T 10/15 / 44
W 10/16 / Ch. 8: Receivables / P8-25A, 26A, 29A, 30A, 32A / T 10/22 / 35
W 10/23 / Ch. 9: Plant Assets & Intangibles / P9-27A, 28A, 29A, 31A, 32A / T10/29 / 35
W10/30 / Test 2 (Ch. 5-9) – Class does not meet / T 11/5 / 100
W 11/6 / Ch. 10: Current Liabilities & Payroll / P10-15A, 16A, 18A / T 11/12 / 21
W 11/13 / Quiz 2 (Assessment) / Assessment Review: Comp Problem 1-4 (a-d) / Rev: T 11/12 / Rev: 25
Q: 50
W 11/13 / Ch. 11: Long-term Liabilities / P11-23A, 26A, 27A / T 11/19 / 21
W 11/20 / Ch. 12: Corporations: PIC & Balance Sheet / P12-26A, 30A, 32A, 33A, P12A-3 / T11/26 / 35
W 11/20 / Ch. 13: Corporations: Retained Earnings & Income Statement / P13-24A, 25A, E13-20, 21 / T11/26 / 21
W 11/27 / Holiday – Class does not meet
W 12/4 / Ch. 14: Statement of Cash Flows / E14-13, P14-26A / S 12/8 / 14
Finals Week / Test 3 (Ch. 10-14) – Class does not meet / S 12/15 / 100

OTHER IMPORTANT DATES

The college will be closed on Labor Day, Monday, September 2nd and Thanksgiving Break, Wednesday – Saturday, November 27th – 30th. The last day to Withdraw: Friday, November 8th. IF YOU DO NOT INTEND TO COMPLETE THE COURSE, IT IS YOUR RESPONSIBILITY TO OFFICIALLY WITHDRAW FROM THE COURSE. Failure to take the tests and submit the assignments is not a withdrawal and could result in a grade of "F". The decision to drop a course rests with the student. "AW" grades are NOT assigned at the end of the semester.

FINALLY…

If you have any questions or concerns, contact me. Do not let a small problem become one large enough that it cannot be fixed.

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