Revised Fall 2017

ACCT 1110 ~ FINANCIAL ACCOUNTING I

ONLINE COURSE SYLLABUS
(3 CREDIT HOURS)

INSTRUCTOR: Shauna Hatfield, Professor

E-MAIL: [email protected]
PHONE: 801-957-4151
OFFICE: Taylorsville Redwood Campus Business Building BB330J
CONSULTATION: Mondays/Wednesdays @ 10-10:45 am; Tuesdays/Thursdays @ 9-9:45 am; &
Fridays by prior appt. Phone consultation is also an option! 
PREREQUISITES: None.

RECOMMENDED
WORKSHOP: Seriously consider this workshop! ACCT 1115 Financial Accounting I Workshop
(optional). A one-credit pass/fail course on Wednesdays @ 12:00 – 12:50 p.m. to review
the topics covered in ACCT 1110 and work on assignments. Highly Recommended!

TEXT: Horngren’s Accounting: The Financial Chapters 12th Edition by Miller-

Nobles, Mattison & Matsumura. A manual-paper copy of the textbook is
strongly recommended (only approx. $20 more). MyAccountingLab
access code is also required. You will be enrolling in MyAccountingLab
through Canvas. www.pearsonmylabandmastering.com
COURSE
DESCRIPTION: Financial Accounting I covers the basic structure of accounting. Understanding asset,
liability, equity, revenue, and expense accounts for service and merchandising companies.
The accounting cycle including cash, inventory, receivables, and payables are also covered.
COURSE
PROCEDURES: This course utilizes various procedures and learning experiences including lecture videos
and solving exercises. Committed and effective online course participation (watching
videos while taking notes and completing the practice assignments) is essential for
success!
ACCTG LAB/
FREE TUTOR: The Accounting Lab is located in the Business Resource Instructional
Center (BRIC) on the Taylorsville Redwood Campus Business Building
BB226. Check answers and receive free tutoring in the ACCOUNTING LAB.
The BRIC also provides a place to study, access a computer, borrow a
textbook, and receive academic advising.
ePORTFOLIO
ASSIGNMENT: You must do your own work on the Accounting Cycle Problem (no collaboration). As
a student in this course you will be required to post the Accounting Cycle Problem and
write a reflection on that assignment to your ePortfolio website. The reflection is a brief
comment on how this assignment fits into your program and helps prepare you for your
specific field of study. You must also email your ePortfolio link to your instructor.
For help with your ePortfolio visit http://www.slcc.edu/gened/eportfolio

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Revised Fall 2017

HOMEWORK: Practicing the art and skill of accounting is critical for success; therefore homework
assignments are an integral part of the learning process. Departmentally chosen homework
problems are assigned for each chapter and are due as scheduled. Keeping up in this course
is also critical for success. However, late homework is accepted, but scores are reduced
by 5% per day. Credit will not be given for answers to questions that are obviously copied
from the solutions manual and/or do not demonstrate independent thought (copied from
another student).

QUIZZES: You MUST do your own work on the Chapter Continuing Problem Quizzes! (These
quizzes are shown in the MyAccountingLab homework area, but are clearly labeled
quizzes and should be treated as quizzes.) Chapter quizzes are untimed and open
book/open notes to allow students time to work carefully and refer to your textbook and
notes. This is the time to do your best work. Because this is a quiz, you only have 1 Final
Answer submission in MyAccountingLab. Quizzes are completed in MyAccountingLab
and are due by 11:59 pm on the date assigned on the course calendar. However, late
quizzes are accepted, but scores are reduced by 5% per day.

TESTS: Interim tests will be taken in MyAccountingLab. All tests are stringently timed. This is to
encourage students to study for the test instead of relying on looking up all the answers.
Just completing the coursework is NOT enough to prepare for the tests. Your reference
materials (textbook and notes) should be well organized to be used efficiently during the
tests. Tests will be open for multiple days; therefore, make-up tests are rarely granted
and only for extreme, extenuating circumstances as determined by the instructor. ONE 8
½” X 11” sheet of paper (front and back) of original (no portion may be a copy
including a copy of handwritten notes) handwritten notes may be referenced during
each exam, including the final exam. Students that do not comply with the note sheet
rules will receive a “0” score for the test. Students are expected to work independently
while taking exams and comply with all aspects of the Student Code of Conduct. Academic
dishonesty will be dealt with according the SLCC Student Code of Conduct, which can be
referenced at: http://www.slcc.edu/policies/docs/Student_Code_of_Conduct.pdf

FINAL EXAM: The Final Exam is NOT in MyAccountingLab and will be taken at the SLCC Online
Testing Center (or proctored through the SLCC Online Testing Center. If you need
proctoring arrangements get with them immediately. It is an SLCC Accounting
Departmental policy that students attaining a score of less than 50% on the final for
this course shall receive a grade no higher than a “D” for the course. The departmental
final exam is a pencil-and-paper comprehensive exam with a time limit of 2 hours. ONE 8
½” X 11” sheet of paper (front and back) of original (no portion may be a copy
including a copy of handwritten notes) handwritten notes may be referenced during the
final exam. Students that do not comply with the note sheet rules will receive a “0” score
for the test. A calculator is allowed (but cannot be a cell phone, iPod, or any device capable
of accessing the internet).

FINAL REVIEW: A departmental review for the final will be held. Your instructor will provide additional
details.

EXTRA CREDIT: Up to 2% extra credit can be earned by completing the MyAccountingLab Study Plan
Quiz Me quizzes and achieving 3 “Mastery Points” in each chapter and must be completed
as assigned on the course calendar.

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 Revised Fall 2017

PROFESSIONAL
COMMUNICATION: To prepare students for the professional business work environment, the accounting
department requires that all communications, both inside and outside of the classroom, be
courteous and professional (no rude comments or swearing in class). Also, all written
communications (including emails and texts) should have proper grammar,
punctuation, and spelling.
COURSE
EVALUATION: Manual Preparing Statements Problems 85 pts. 3.4%
Manual Accounting Cycle Problem 105 pts. 4.2%
Chapter Homework Assignments 335 pts. 13.4%
Chapter Quizzes 500 pts. 20.0%
Interim Tests 975 pts. 39.0%
Final Exam (departmental) 500 pts. 20.0%
Total 2,500 pts. 100.0%

GRADING: Course grades are determined by the students' achieved percentage based upon the relative
weighting as described in the Course Evaluation section above and the following scale:
A 93-100% B- 80-82.9 D+ 67-69.9
A- 90-92.9 C+ 77-79.9 D 63-66.9
B+ 87-89.9 C 73-76.9 D- 60-62.9
B 83-86.9 C- 70-72.9 E 59.9 or less

COURSE LEARNING OUTCOMES:

SLCC is committed to fostering and assessing the following student learning outcomes in its programs: acquire
substantive in-field knowledge, communicate effectively, develop quantitative literacy, think critically, engage
civically, work professionally, and develop computer and information literacy. To that end, the following learning
outcomes are to be assessed in this course.
 Comply with generally accepted accounting principles (GAAP). (PLOA 1.1, assessed using the average
score on the final exam)
 Perform the steps of the accounting cycle. (PLOA 1.2, assessed using the average score on the 1st 10
questions on the final exam)
In order to achieve the above program outcomes, this course will focus on and assess the following course core
competencies (through homework, quizzes, and interim exams):
1. Prepare the Income Statement, Statement of Equity, and Balance Sheet financial statements from given
information.
2. Record business transactions for both service and merchandising companies.
3. Record adjusting journal entries for both service and merchandising companies.
4. Prepare closing entries for both service and merchandising companies.
5. Explain and apply introductory accounting principles.
6. Account for inventory, including determining the cost of ending inventory and cost of goods sold under
various methods.
7. Account for receivables, including calculating uncollectible amounts under various methods.
8. Calculate interest and record related journal entries for short-term receivables (lender) and payables
(borrower).
9. Calculate and interpret basic financial statement ratios.
10. Prepare and use a bank reconciliation.

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Revised Fall 2017

COURSE OUTLINE:
The following represents the minimum homework assigned to all students enrolled in this course college-wide.
Your instructor may require additional homework.

Ch# Topic Core Exclusions Homework Quiz

Comp#
1 Accounting and the 1, 2, 5, None E1-39, P1-40A, P1-42A, P1-55
Business Environment 9, P1-45A
2 Recording Business 2, 5, 9, None E2-18, P2-30A, P2-34A P2-42
Transactions
3 The Adjusting Process 3, 5 LO6: worksheet P3-33A, P3-34A, P3-46
LO7: appendix: alternative adjusting P3-35A
4 Completing the 1, 4, 5, LO2: worksheet E4-16, P4-30A, P4-32A P4-42 w/o
Accounting Cycle 9, LO7: appendix: reversing entries w/o worksheet worksheet
5 Merchandising 1, 2, 5, LO7: appendix: multiple obligations E5-27, P5-34A, P5-36A, P5-49
Operations 6, 9, LO8: appendix: periodic method P5-37A & P5-50
6 Merchandise Inventory 5, 6, 9 LO7: appendix: periodic method E6-25, P6-28A, P6-30A P6-39
9 Receivables 5, 7, 8, None P9-28A, P9-29A, P9-33A
9, P9-32A, P9-34A & P9-43
11 Current Liabilities 5, 8, 9, LO2: payroll liabilities P11-27A, P11-29A P11-28A
LO3: exclude all, except warranties
8 Internal Control and 9, 10, LO4: petty cash transactions E8-13, E8-16, P8-27A N/A
Cash
- Accounting Cycle 1, 2, 3, To be determined!
Problem (manual) 4, 5,
- Preparing Financial 1 To be determined!
Statements (manual)

Disability Resource Center/ADA Accommodations

SLCC values inclusive learning environments and strives to make all aspects of the College accessible to our
students. If you have a disability and believe you need accommodations to improve access to learning materials of
the learning environment, please contact the Disability Resource Center (phone) 801-957-4659/TTY 801-957-4646;
(email) [email protected]; (webpage) www.slcc.edu/drc.

TITLE IX
Title IX of the Educational Amendments of 1972 prohibits discrimination based on sex in any educational
institution that receives federal funding. Salt Lake Community College does not tolerate sex discrimination of any
kind including: sexual misconduct; sexual harassment; relationship/sexual violence and stalking. These incidents
may interfere with or limit an individual’s ability to benefit from or participate in the College’s educational
programs or activities. If you have questions or concerns regarding your rights or responsibilities, or if you would
like to file a Title IX complaint please contact: Kenneth Stonebrook, J.D., Title IX Coordinator, Salt Lake
Community College, Taylorsville Redwood Campus – STC 276A, (801) 957-5027, [email protected].
Online Reporting Form: https://www.slcc.edu/title-ix/complaint.aspx

Students may also report incidents to an SLCC faculty or staff member, who are required by law to notify the Title
IX Coordinator. If a student wishes to keep the information confidential, the student may speak with staff members
of the Center for Health and Counseling, (801) 957-4268. For more information about Title IX, go to:
https://www.slcc.edu/title-ix/index.aspx

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