Course Syllabus

Fin. Acct. 101 Section 

Department of Business Administration Asst Prof J Barry Johnson, CPA, MBA

Fall  2015 Financial Accounting
Tel 751-8710

Office Hrs: T & R 7 - 8am & 10 -11:15am  Main Campus   Rm. B2-24J
Office Hrs: W  10am 11:30am NWRC 2nd Floor Faculty Lounge

Course Description: Introduction to the theory of accounts and generally accepted accounting principles as applied to a corporation. Emphasis is placed on completing the accounting cycle, inventory and asset valuation and stockholders' equity.

Student Learning Outcomes:At the conclusion of this course the student will be able
• To analyze, record, and report the results of business transaction through the accounting cycle for service and merchandising companies.
• To discuss the components of, and prepare, the financial statements for service and merchandising companies.
• To discuss and apply the different valuation techniques used for assets, liabilities and the components of equity.

Course Materials: Horngren’s Accounting, Vol. 1 Financial Accounting. Custom Edition for CCP Acct. 101. Tracie Nobles, Brenda Mattison, Ella Mae Matsumura.

MyAccounting Lab: Is a Pearson on line resource center that will help you learn and master Acct. 101 and is a requirement for the course. The ISBN for the custome package that includes My Accounting Lab is: 978-1-26986180-8.

Communication/Canvas: Canvas is the internet based course management system used at CCP. Students are responsible for checking their Canvas email. Failure to check Canvas email does not excuse the student from any missed assignments, discussions or exams, etc. All email written to the instructor must be written in a professional manner to earn a reply.

Supplies: A four-function calculator 

Disabilities: Accommodations will be made for those students with disabilities who provide registration documentation from the Center on Disability during the first two weeks of the semester.

Early Alert Initiative: The system positively intervenes in CCP’s students’ academic paths early and appropriately by effectively communicating current performance and supplying information beneficial to academic success. Faculty members have the opportunity to complete Early Alert reports at 20% and 50% reporting periods during the semester. Students will be assessed on the following items: attendance, punctuality, meeting assignment deadlines, participation and other factors pivotal to student success. Should you receive an Early Alert letter, you should follow up on the suggested intervention strategy as soon as possible.

College Policies and Procedures: The CCP has developed College Policies and Procedures to protect the rights of students and provide information and resources to enhance the student’s learning experience at the college. It is recommended that all students read and reference these documents. You may review these memoranda at the reserve book in the Library, at the office of Vice President for Student Affairs, M2-37 or the Office of Student Activities, S1-10. You can also access the documents online at: policies-and-procedures

Assignments & Plagiarism: Assignments is a key ingredient to your success in this course. Assignments must be attempted, after reading the chapter. Plagiarism and Collusion is considered cheating and may result in a failing grade for the course.

Grading: Your final course grade will consist of adding three numbers together. One number will be fifty percent (50%) of your averaged three best exam grades.(You will add three exam grades, divide that number by three, and then multiply that number by 50%) .There will be three regular exams given and a Comprehensive Final Exam. You only need to pass any three of the four exams. The comprehensive final exam will include all Sessions and is optional for any student who has averaged a passing grade from the first three regular exams. The second number of your final grade will be earned from your completed Assignments. (2.5 points per Assignment for a maximum of 25 points) The third number will be earned from your completed Discussions.  (2.5 points per Discussion for a maximum of 25 points)(Discussions will be INCOMPLETE if not compared with two other classmates) All three numbers will be added together to compute your final grade for the course.  Your final grade will be a letter grade.  100-90 is an A, 89-80 is a B, 79-70 is a C, 69-60 is a D, and below 60 is an F.  There is no extra credit.


Below is a listing of the Chapters that we will cover from the Text.  The Text can be purchased from the School Store and will include an access code for the Pearson online "My Accounting Lab"  System.  All Assignments and Exams will be done in "My Accounting Lab"  All Discussions will occur in the Canvas System. Please see earlier instructions on how to enter "My Accounting Lab"


Chapter 1 Accounting and the Business Environment

Chapter 2 Recording Business Transactions

Chapter 3 Adjusting the Accounts

Chapter 4 Completing the Accounting Cycle

Chapter 5 Merchandising Operations

Chapter 6 Merchandise Inventory

Chapter 7 Internal Control and Cash

Chapter 8 Receivables

Chapter 9 Plant Assets, Natural Resources, and Intangible Assets

Chapter 11 Current Liabilities and Payroll

Chapter 12 Long-Term Liabilities

Chapter 13 Stockholders’ Equity

Course Summary:

Date Details Due