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Course Planning by Program


Essential Objectives

Course Syllabus

Revision Date: 14-Jan-23

Spring 2023 | ACC-2121-VO04 - Financial Accounting

Online Class

Online courses take place 100% online via Canvas, without required in-person or Zoom meetings.

Location: Online
Credits: 4
Day/Times: Meets online
Semester Dates: 01-24-2023 to 05-08-2023
Last day to drop without a grade: 02-12-2023 - Refund Policy
Last day to withdraw (W grade): 03-26-2023 - Refund Policy
This course has started, please contact the offering academic center about registration


Theresa Strong
View Faculty Credentials
View Faculty Statement
Hiring Coordinator for this course: Julie Dalley

Course Description

This course introduces students to problems of external reporting as they relate to service providers, merchandisers, and corporations. Students examine the various accounts found in financial statements and learn how to put these accounts together to render meaningful statements that communicate pertinent information to those who read them. Basic math skills are required.

Essential Objectives

1. Recognize, classify, and record accounting transactions and describe the effect of each accounting transaction on the resultant financial statements.
2. Prepare, adjust, and close journal entries and post them to the ledger.
3. Construct an adjusted trial balance so that a proper set of financial statements can be prepared.
4. Describe and compare cash and accrual methods of accounting.
5. Analyze information and prepare buyer and seller journal entries for a merchandising business, including terms of sale.
6. Calculate inventory and cost of merchandise sold using FIFO, LIFO, average cost, retail, and LCM methods.
7. Understand the basic requirements of good internal control including reconciliation of bank accounts, and discuss ethical considerations inherent in accounting practice and decisions.
8. Estimate the net realizable value of receivables using the allowance method.
9. Calculate depreciation using straight line, units of output, and double declining balance methods.
10. Properly account for current assets, property plant and equipment, current and long term liabilities, and stockholders’ equity and dividends.
11. Prepare an income statement, statement of owners’ equity, and balance sheet, and be familiar with and understand the cash flow statement.
12. Identify and investigate the scope and diversity of career opportunities in the fields of accounting and finance.

Required Technology

More information on general computer and internet recommendations is available on the CCV IT Support page. https://support.ccv.edu/general/computer-recommendations/

Please see CCV's Digital Equity Statement (pg. 45) to learn more about CCV's commitment to supporting all students access the technology they need to successfully finish their courses.

Required Textbooks and Resources

This course uses one or more textbooks/books/simulations.

Spring 2023 textbook details will be available on 2022-11-14. On that date a link will be available below that will take you to eCampus, CCV's bookstore. The information provided there will be specific to this class. Please see this page for more information regarding the purchase of textbooks/books.

The last day to use a Financial Aid Advance to purchase textbooks/books is the 3rd Tuesday of the semester. See your financial aid counselor at your academic center if you have any questions.




Connect Assignments


Canvas Discussion Boards


Midterm Exam


Final Exam


Evaluation Criteria

· Connect Assignments: weekly assignments are due in CONNECT by 11:30 pm on Sundays. The CONNECT assignment covers the chapter(s) that are listed for the week. Weekly CONNECT assignments are untimed and you have three attempts each week. Your CONNECT assignments are worth 50% of your final grade in this course.

· Midterm Exam: exam will be administered in CONNECT and it’s on Chapters 1-6. The exam is untimed; however, you only have one attempt. Your Midterm Exam is worth 15% of your final grade in this course.

· Final Exam: exam will be administered in CONNECT and it’s on Chapters 7-12. The exam is untimed; however, you only have one attempt. Your Final Exam is worth 15% of your final grade in this course.

· Discussion Boards: weekly discussion questions are posted each week. All students are required to respond to the weekly question by Thursday at 11:30 pm and then respond to at least one classmate by Sunday at 11:30 pm. Postings will be graded on a 12-point scale weekly. Your Discussion Boards are worth 20% of your final grade in this course.

Grading Criteria

CCV Letter Grades as outlined in the Evaluation System Policy are assigned according to the following chart:

A Less than 9893
A-Less than 9390
B+Less than 9088
B Less than 8883
B-Less than 8380
C+Less than 8078
C Less than 7873
C-Less than 7370
D+Less than 7068
D Less than 6863
D-Less than 6360
FLess than 60 
NPLess than 600

Weekly Schedule

Week/ModuleTopic  Readings  Assignments


Introductions & Course Overview


Canvas course documents


Connect Assignment & Discussion Board in Canvas



Accounting in Business


Chapter 1


Connect Assignment & Discussion Board in Canvas



Analyzing and Recording Transactions


Chapter 2


Connect Assignment & Discussion Board in Canvas



Adjusting Accounts for Financial Statements


Chapter 3


Connect Assignment & Discussion Board in Canvas



Completing the Accounting Cycle


Chapter 4


Connect Assignment & Discussion Board in Canvas



Accounting for Merchandising Operations


Chapter 5


Connect Assignment & Discussion Board in Canvas



Inventories and Cost of Sales


Chapter 6


Connect Assignment & Discussion Board in Canvas



Study for Midterm Exam (Chapters 1-6)


Resources in Canvas and Connect


Resources in Canvas and Connect



Midterm Exam (Chapters 1-6)


Midterm Exam (Chapters 1-6)


Exam in Connect



Accounting Information Systems


Chapter 7


Connect Assignment & Discussion Board in Canvas



Cash, Fraud, and Internal Control


Chapter 8


Connect Assignment & Discussion Board in Canvas



Accounting for Receivables


Chapter 9


Connect Assignment & Discussion Board in Canvas



Plant Assets, Natural Resources, and Intangibles


Chapter 10


Connect Assignment & Discussion Board in Canvas



Current Liabilities and Payroll Accounting & Accounting for Partnerships


Chapters 11 & 12


Connect Assignment & Discussion Board in Canvas



Final Exam (Chapters 7-12)


Final Exam (Chapters 7-12)


Exam in Connect


Attendance Policy

Regular attendance and participation in classes are essential for success in and are completion requirements for courses at CCV. A student's failure to meet attendance requirements as specified in course descriptions will normally result in a non-satisfactory grade.

  • In general, missing more than 20% of a course due to absences, lateness or early departures may jeopardize a student's ability to earn a satisfactory final grade.
  • Attending an on-ground or synchronous course means a student appeared in the live classroom for at least a meaningful portion of a given class meeting. Attending an online course means a student posted a discussion forum response, completed a quiz or attempted some other academically required activity. Simply viewing a course item or module does not count as attendance.
  • Meeting the minimum attendance requirement for a course does not mean a student has satisfied the academic requirements for participation, which require students to go above and beyond simply attending a portion of the class. Faculty members will individually determine what constitutes participation in each course they teach and explain in their course descriptions how participation factors into a student's final grade.

Participation Expectations

Class attendance at CCV is essential to your success. Online courses generally use a seven (7) calendar day "class period" which is the equivalent to the site-based course three (3) hour class period. If you cannot attend class for some reason, contact your instructor beforehand and make arrangements for making up any missed work. You should be aware that missing more than 3 classes may jeopardize course credit. Instructors count regular attendance and class participation as a completion requirement for courses.

Class attendance is of the utmost importance and since online classes meet online and not in person, the attendance policy has to be interpreted in a slightly different way than onsite classes. Therefore, several different things will be taken into consideration when attendance grades are calculated:

  • If a student doesn’t submit any posts to the discussion forum or does not submit any work in Connect during any given week, they will be considered absent
  • If a student submits one or more posts in the discussion forum or completes the weekly Connect assignment, they will be considered present

Missing & Late Work Policy

I only accept late assignments unless prior notice is given or an emergency arises. If an emergency does come up, please contact me via email at your earliest convenience. Late assignments and/or exams that are not completed before the deadline will be handled on a case to case basis.

Please contact me as soon as you realize you may not make the deadline. The first week is flexible due to late books, latecomers to class, etc. Starting with the second week we will stick to this process and if you are submitting late for any reason - you had to work late, you are sick with a cold, you are on vacation, you simply forgot - you need to let me know ASAP and it will be handled on a case to case basis.

Accessibility Services for Students with Disabilities:

CCV strives to mitigate barriers to course access for students with documented disabilities. To request accommodations, please
  1. Provide disability documentation to the Accessibility Coordinator at your academic center. https://ccv.edu/discover-resources/students-with-disabilities/
  2. Request an appointment to meet with accessibility coordinator to discuss your request and create an accommodation plan.
  3. Once created, students will share the accommodation plan with faculty. Please note, faculty cannot make disability accommodations outside of this process.

Academic Integrity

CCV has a commitment to honesty and excellence in academic work and expects the same from all students. Academic dishonesty, or cheating, can occur whenever you present -as your own work- something that you did not do. You can also be guilty of cheating if you help someone else cheat. Being unaware of what constitutes academic dishonesty (such as knowing what plagiarism is) does not absolve a student of the responsibility to be honest in his/her academic work. Academic dishonesty is taken very seriously and may lead to dismissal from the College.