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Web Schedule Spring 2018

Revision Date: 08-Nov-17

ACC-2121-VU70X - Financial Accounting

Synonym: 172230
Location: Winooski
Room: CCV Winooski 305
Credits: 4
Day/Times: Monday & Thursday, 05:00P - 09:00P
Semester Dates: 01-22-2018 to 03-12-2018
Last day to drop without a grade: 01-31-2018 - Refund Policy
Last day to withdraw (W grade): 02-20-2018 - Refund Policy
Faculty: Matthew Tucker | View Faculty Credentials
Materials/Lab Fees: $200.00
This course has started, please contact the offering academic center about registration

Comments: CPB certification students ONLY Co-enrollment in ACC-1010 & ACC-1030 required

Browse the Moodle Site for this class.

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.

Additional Instructor Pre-Assignments/Notes/Comments:

 My Teaching/Classroom Style:

The class is what you make of it.  I tend to change the course content according to the interests in the classroom, so bring your interests/questions/curiosities to the class.  The more you contribute the more interactive the class is.  I expect students to read the material and learn as much as they can on their own time before we review the material in class. It is important that the classroom is a reiteration of what you have already read.  Please, no cellphones or computers during class time as I would rather everyone be engaging with each other.  If you need to use your laptop during class, please talk to me individually and explain why it helps you. 




 Group work, discussion, lecture, and presentations.  

Evaluation Criteria:

Midterm 25%

Final Exam 30%

Online Assignments & Homework 25%

In class assignments & Participation 20%

Exams will be a combination of multiple choice and short answer/essay.

Online assignments/Homework will include problem sets from the book and additional questions that I add. 


In class assignments will include exercises from the book and discussion questions which will be answered in groups and presented to the class.  

Grading Criteria:

 A+ 97-100
A 94-96
A- 90-93
B+ 87-89
B  84-86
B-  80-83
C+  77-79
C   74-76
C-  70-73
D+  67-69
D   64-66
D-   60-63
F     59 or below


Spring 2018 textbook data will be available on December 4. On that date a link will be available below that will take you to eCampus, CCV's bookstore. The information provided there will be for this course only. Please see this page for more information regarding the purchase of textbooks.

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

Contact Faculty:

Email: Matthew Tucker
Hiring Coordinator for this course: James Leete

Attendance Policy:

 Missing three classes automatically results in failureMissed classes will negatively affect your grade.   

Please note: In order to receive accommodations for disabilities in this course, students must make an appointment to see the Americans with Disabilities Coordinator in their site and bring documentation with them.

Academic Honesty: 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.

Course description details subject to change. Please refer to this document frequently.

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