Course Descriptions & Syllabi

Course Descriptions & Syllabi

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Note: some or all of the courses in the subjects marked as "Transfer" can be used towards a transfer degree: Associate of Science and Arts or Associate of Engineering Science at DACC. Transferability for specific institutions and majors varies. Consult a counselor for this information.

Areas of Study | | CACC101 syllabus




COURSE NUMBER: CACC101
COURSE TITLE:Financial Accounting
DIVISION:Business
IAI CODE(S): BUS 903
SEMESTER CREDIT HOURS:3
CONTACT HOURS:45
STUDENT ENGAGEMENT HOURS:135
DELIVERY MODE:In-Person, Online

COURSE DESCRIPTION:
This course will present a balanced coverage of accounting from the financial viewpoint. Attention will be given to providing you, the student, with an understanding of accounting procedures and the ability to use accounting data effectively. It is chiefly designed for students who plan to continue with additional courses in the field as well as for those whose needs are limited to an introductory course.

PREREQUISITES:
BACC100

NOTES:

STUDENT LEARNING OUTCOMES:
Upon completion of this course, students will be able to:
  • Analyze and record business transactions. This includes the ability to classify, sort and group similar financial accounts.
  • Complete the accounting cycle. This includes performing actions necessary in the adjusting and closing processes.
  • Analyze, interpret and present financial information.
  • Describe and illustrate accounting for both service and merchandising businesses.
  • Cost inventory and understand necessary internal controls.
  • Describe and illustrate proper reporting and methods used for evaluating various balance sheet items. Items include receivables, fixed assets, liabilities, stock and dividends.

TOPICAL OUTLINE:
  1. Business and Accounting background
  2. Accounting equation and analyzing business transactions
  3. Double entry accounting framework/journalizing and posting transactions
  4. Trial balances
  5. Adjusting entries
  6. Financial Statements
  7. Closing entries and accounting cycle
  8. Accounting for merchandising businesses
  9. Inventories
  10. Internal Control
  11. Cash
  12. Receivables
  13. Fixed Assets and Intangible assets
  14. Liabilities
  15. Financial Analysis

TEXTBOOK / SPECIAL MATERIALS:
Fundamentals of Financial Accounting (Smartbook) Phillips, 6e. Mc-Graw Hill. ISBN: 978-1-259-86423-0

See bookstore website for current book(s) at https://www.dacc.edu/bookstore

EVALUATION:
Grades will consist of homework, comprehensive classroom problems, quizzes, hourly exams, a final exam, and participation.

The following grading scale will be used for the final course grades. However, the instructor reserves the right to vary the scale if necessary.

100-90% = A

  89-80% = B

  79-70% = C

  69-60% = D

  59-00% = F


BIBLIOGRAPHY:

STUDENT CONDUCT CODE:
Membership in the DACC community brings both rights and responsibility. As a student at DACC, you are expected to exhibit conduct compatible with the educational mission of the College. Academic dishonesty, including but not limited to, cheating and plagiarism, is not tolerated. A DACC student is also required to abide by the acceptable use policies of copyright and peer-to-peer file sharing. It is the student’s responsibility to become familiar with and adhere to the Student Code of Conduct as contained in the DACC Student Handbook. The Student Handbook is available in the Information Office in Vermilion Hall and online at: https://www.dacc.edu/student-handbook

DISABILITY SERVICES:
Any student who feels s/he may need an accommodation based on the impact of a disability should contact the Testing & Academic Services Center at 217-443-8708 (TTY 217-443-8701) or stop by Cannon Hall Room 103. Please speak with your instructor privately to discuss your specific accommodation needs in this course.

REVISION:
Fall 2019

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