Bergen Community College
Division of Business, Arts and Social Sciences
Department of Business & Hotel Restaurant Management
Course Syllabus
ACC-110 Financial Accounting
Semester and Year
Course and Section
Meeting Days/Times
Room
Instructor
Office Location
Office Hours
Phone
E-Mail Address
Course
Description
ACC-110 Financial Accounting is an introduction to the theory of accounting and the
procedures necessary to produce financial statements. This course focuses on the
classification, valuation and communication of financial information. An emphasis will be
placed on the usefulness of financial accounting concepts.
Prerequisites: None
Student
Learning
Objectives
And Means of
Assessment
As a result of meeting the requirements of the course, students will be able to:
Student Learning Objectives
Means of Assessment
1
Identify Financial Accounting terminology
Graded homework, cases and problems and/or
comprehensive objective and/or essay type
examination. Standard: At least 70% of all students
will receive an average grade of 70 or better on
homework assignments and examinations.
2
Apply Financial Accounting theory to business
transactions and events
Graded homework, cases and problems and/or
comprehensive objective and/or essay type
examination. Standard: At least 70% of all students
will receive an average grade of 70 or better on
homework assignments and examinations.
3
Identify the usefulness of financial statements, calculate
and analyze financial ratios to assess the profitability,
liquidity and solvency of the entity
Graded homework, cases and problems and/or
comprehensive objective and/or essay type
examination. Standard: At least 70% of all students
will receive an average grade of 70 or better on
homework assignments and examinations.
4
Explain the purpose of the steps in the accounting
cycle and perform them
Graded homework, cases and problems and/or
comprehensive objective and/or essay type
examination. Standard: At least 70% of all students
will receive an average grade of 70 or better on
homework assignments and examinations.
5
Perform bank reconciliation and make the required
journal entries to update the cash account
Graded homework, cases and problems and/or
comprehensive objective and/or essay type
examination. Standard: At least 70% of all students
will receive an average grade of 70 or better on
homework assignments and examinations.
6
Evaluate the measures and methods adopted by a
company in the system of internal controls
Graded homework, cases and problems and/or
comprehensive objective and/or essay type
examination. Standard: At least 70% of all students
will receive an average grade of 70 or better on
homework assignments and examinations.
Course Content
Chapter
1
2
3
4
5
6
7
8
9
10
11
12
Specific
Features
Financial Accounting meets the requirement for an Associate in Science Degree in Business
Administration-Accounting Option. It is designed to fulfill the needs of students who wish to
transfer to a four-year institute of higher education as well as those who choose to enter the
field of business, industry or government. It provides the student with necessary information
for the proper management of business, including the ability to understand various financial
records and statements. It also prepares the student for advanced study in the accounting
field.
Course Texts
This course is using Kimmel Accounting 6th Edition with WileyPLUS.
Access to WileyPLUS is required for you to complete course work. Note that the complete e-
book is available in the WileyPLUS system, so you may choose to go digital-only and still
have access to all reading and study materials for this course.
You have the choice to visit the bookstore to purchase the print book with a WileyPLUS
registration card or a WileyPLUS registration card alone. You may also visit the following URL
to purchase directly from Wiley and save. The site features the full print and WileyPLUS
package, individual reference volumes without WileyPLUS, or discounted WileyPLUS access:
http://www.wiley.com/WileyCDA/Section/id-828410.html
The publisher graciously allows students to register for a grace period and enter class without
an access code for approximately the first two weeks of the semester. They do not need to
pay to get started. Encourage students to register and start on Day 1.
This course requires the purchase of the WileyPLUS software for the above text. The
purchase of a text is optional though strongly advised. There is an interactive electronic
textbook included in the WileyPLUS software. Students may choose to save money and only
purchase the homework software and only use the electronic textbook.
Students desiring a hard copy of text may purchase a package at the BCC Bookstore or via
direct purchase from the publisher for additional savings. Additional instructions to purchase
and register your copy of WileyPLUS are located in the Moodle site at moodle.bergen.edu .
See COURSE INTRODUCTION - READ ME FIRST>3. WileyPLUS Registration.
See Moodle for the specific instruction to access the Wiley Plus Class site.
Used and rental books do NOT include valid WileyPLUS codes, making this option the
most expensive. Not sure which option is best for you? Grace Period gives you
temporary access for up to 14 days so you have time to decide.
Other Optional
Study Material
Textbook Companion Site
Available through the textbook’s website at student companion site at
http://bcs.wiley.com/he-bcs/Books?action=index&itemId=111919167X&bcsId=10005
Tutoring
The tutoring center is located in L-125. Telephone: (201) 447-7489 and online at
http://www.bergen.edu/current-students/student-support-services/tutoring/tutoring-
center
The writing center is located in L-125. Telephone: (201) 447-7489 and online at
http://www.bergen.edu/owl
Library
The library has a number of textbooks, videotapes and aids in its regular and reserve
holdings which may be used as a reference. In addition to the resources mentioned
above students should be encouraged to make full use of the Sidney Silverman
Library (in person and online at http://www.bergen.edu/library/.
Writing and
Critical
Thinking
Requirements:
There are many types of projects that are excellent learning activities for ACC-110 students.
Some examples of “projects” that can be assigned to individuals or groups which incorporate
written and/or oral communication skills are: -Financial statement/annual report analysis
including ratio analyses and supported opinions as to the credit worthiness and investment
desirability of the company. HIGHLY RECOMMENDED (Contact full time accounting faculty
for sample of this project.)
-Perform all parts of the accounting cycle using the students’ personal financial
information and perform analyses as per above.
-Research the career and job opportunities in Accounting using various Internet sites
and describe various areas of expertise, starting salaries, required education and
certifications, etc.
-Obtain information from the AICPA, NJSCPA, CMA and EDGAR web sites and
discuss current accounting topics of interest.
-Obtain current news articles about relevant Accounting issues. (i.e. obtain an article
about a fraud/embezzlement and identify the weakness in internal controls and
changes required to strengthen the system.) THE OBJECTIVE IS TO PROVIDE THE
STUDENTS WITH AN ACCOUNTING LEARNING EXPERIENCE THAT UTILIZES
THEIR WRITTEN AND/OR ORAL COMMUNICATION SKILLS. A RUBRIC SHOULD
BE PREPARED BY FACULTY AND DISTRIBUTED TO STUDENTS BEFORE
ASSIGNING THE ACTIVITY. (SEE YOUR DEPT. CHAIR IF YOU HAVE
QUESTIONS.)
Grading And
Assessment
It is expected that the reading assignments and questions at the end of the chapter will be
completed. This is necessary to make it possible for the student to participate in any
discussions. Students are strongly encouraged to ask questions on any matters that are not
clear to them.
The following criteria will be used to assess your performance and assign you a final grade:
Class Participation *
0-10%
Homework
10-25%
Projects (Cases, Internet Research, Annual Report Projects, etc.)
10-20%
Quizzes and Exams
40-70%
(True/false questions on exams/quizzes are not appropriate.)
Departmental Final Exam (REQUIRED) Chapters 1-12
10-20%
*Class participation grades cannot be based solely on attendance. The grade must be based
on objective recordings in the instructor’s grade book of participation, discussion, responses
to questions, etc.
BCC Attendance
Policy:
All students are expected to attend punctually every scheduled meeting of each course in
which they are registered. Attendance and lateness policies and sanctions are to be
determined by the instructor for each section of each course. These will be established in
writing on the individual course outline. Attendance will be kept by the instructor for
administrative and counseling purposes.
Suspension Of
Classes
Students should listen to local broadcast stations in the event of emergencies when classes
may have to be suspended; they should not telephone college offices or broadcast stations for
information. (See Emergencies in the Catalog’s Student Life section)
Other College,
Divisional
and/or
Department
Policy
Statements
Office of Special Services
Special Note:
Students who require accommodations in accordance with the Americans with
Disabilities Act (ADA) can request these services from the Office of Specialized
Services. To learn more about how to apply for services, please visit them at: 201-
612-5270 or http://www.bergen.edu/oss.
This statement is required in all Course Outlines
Student and Faculty Support Services
The Distance Learning Office – for any problems you may have
accessing your online courses
Room C-334
201-612-5581
[email protected]
The Tutoring Center
Room L-125
201-447-7489
http://www.bergen.edu/current-
students/student-support-
services/tutoring/tutoring-center
The Writing Center
Room L-125
201-447-7489
http://www.bergen.edu/owl
The Office of Specialized Services (for
Students with Disabilities)
Room S-131
201-612-5270
http://www.bergen.edu/oss
The Sidney Silverman Library – Reference Desk
Room L-226
201-447-7436
Accounting Department Policy Regarding the Use of the Tutoring Center
The Henry and Edith Cerullo Learning Assistance Center (CLAC), also known as the
Tutoring Center, is located in Room L-125 and can be reached by telephone at 201-447-7489.
The Tutoring Center provides many services to students in need of additional support. These
additional services may be located at http://www.bergen.edu/current-students/student-
support-services/tutoring/tutoring-center.
While supplemental support for students is part the mission of the Tutoring Center, it
must also help maintain the academic integrity of all college coursework.
It is understood that in order to maintain the integrity of all coursework submitted for a
grade, it is the Accounting Department's policy that no student shall call upon the Tutoring
Center for assistance relating to any work to be submitted for a grade. This includes use of
the WileyPlus software application. This applies to all WileyPlus material either in printed or
electronic format. The Tutoring Center staff cannot access the WileyPlus site. Any requests
for additional help by students relating to assignments to be submitted for a grade must be
made through the course instructor.
Any violation of this policy will be considered a violation of the college's Student Code
of Conduct relating to academic dishonesty.
Course Outline
and Calendar:
Sample Format for Course Outline and Calendar
Note to Students: The following Course Outline and Calendar is tentative and subject to
change, depending upon the progress of the class.
All homework assignments are submitted via the WileyPlus site. The due dates for homework
are posted along with each assignment in WileyPlus. It assumes putting aside time for a
minimum of twice per week for your studies.
Chapter
Introduction/Intro to FS
1
Introduction to Financial Statements
2
A Further Look at Financial Statements
3
The Accounting Information System
TEST 1
4
Accrual Accounting Concepts
5
Merchandising Operations and the Multiple-Step
6
Reporting and Analyzing Inventory
TEST 2
7
Fraud, Internal Control and Cash
8
Reporting and Analyzing Receivables
9
Reporting and Analyzing Long-Lived Assets
TEST 3
10
Reporting and Analyzing Liabilities
11
Reporting and Analyzing Stockholders' Equity
12
Statement of Cash Flows
TEST 4
FINAL EXAM
Closure
All chapter homework assignments are submitted via the WileyPLUS site. The actual due dates are posted along
with each assignment in WileyPLUS.