Course Overview

Introduction to Financial Accounting I & II

This syllabus outlines the structure, requirements, and policies for Financial Accounting I & II at Wiregrass Georgia Technical College. The course introduces students to fundamental financial accounting concepts, the complete accounting cycle, and practical skills for maintaining books for a sole proprietorship. Key topics include accounting vocabulary, the accounting cycle for service and merchandising businesses, inventory, cash control, receivables, and plant assets.

Course Structure and Requirements

Course Format and Materials

• Course Name/Number: Financial Accounting II

• Format: On Campus

• Textbook: Horngren’s Financial & Managerial Accounting 8th Edition (eBook with MyLab Access)

• Prerequisite: Program Admission

• Credit Hours: 4

• Contact Hours: 5

Technology Requirements

• Computer: Windows, Mac OS X, or Unix/Linux

• Internet: 56K Dial-Up or better (DSL/Cable recommended)

• Software: Adobe Acrobat Reader, Macromedia Flash/Shockwave, Quicktime, Windows Media, Microsoft Office

• Platform: Blackboard via Okta

Course Competencies and Outcomes

Learning Objectives

• Accounting and the Role of Accounting in Business: Understand the purpose and importance of accounting in business operations.

• Cash and Internal Controls: Learn methods for safeguarding cash and implementing internal controls.

• Accounting for a Service Business: Apply the accounting cycle to service-based businesses.

• Accounting for a Merchandising Business: Record and analyze transactions for merchandising operations.

• Inventory Control: Manage and account for inventory using various methods.

• Methods of Accounting for Receivables: Understand and apply techniques for recording and managing receivables.

• Plant Assets, Natural Resources, and Intangibles: Account for long-term assets and their depreciation/amortization.

Grading and Evaluation

Assessment Breakdown

Grading Scale

Assignment and Exam Policies

Homework, Quizzes, and Exams

• Homework: Accessed via Blackboard and MyLab; two attempts allowed; must be completed by due date.

• Quizzes: Accessed via Blackboard and MyLab; two attempts allowed; must be completed by due date.

• Exams: One attempt allowed; monitored via LockDown Browser; must be completed by due date.

• Accounting Cycle Project: Opens after Chapter 4 Exam; three attempts per section; must achieve 80% or higher to proceed.

Make-Up and Attendance Policies

• Attendance: Regular attendance and participation required; initial login within first five days.

• Make-Up Assignments: One late homework assignment allowed; 10 points deducted per day late, up to 10 days.

• Make-Up Exams: No make-up exams; lowest exam grade dropped at end of semester.

• Withdrawal: Proper withdrawal procedures required; deadlines published on WGTC website.

Academic and Student Policies

Work Ethics Grading

• Ten traits evaluated: appearance, attendance, attitude, character, communication, cooperation, organizational skill, productivity, respect, teamwork.

• Grades: Exceeds Expectations (3), Meets Expectations (2), Needs Improvement (1), Unacceptable (0).

Academic Honesty

• Cheating, plagiarism, and collusion are prohibited.

• Violations subject to disciplinary action, including dismissal or expulsion.

Student Support and Equal Opportunity

• Services available for students with disabilities; contact information provided for support staff.

• Graduate warranty: Skills guaranteed for two years post-graduation; deficient graduates may retake coursework at no cost.

• Equal opportunity policy: No discrimination based on race, color, creed, sex, disability, etc.

Course Evaluation and Appeals

Student Evaluation of Courses

• Anonymous evaluations required at end of term; feedback used for course improvement.

Grade Appeal/Grievances

• Written appeal must be filed within ten business days; process outlined for further review if needed.

Additional Information

Policy Changes and Communication

• Policies/procedures subject to change; students must check Blackboard and college website for updates.

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