ACCT110 – Small Business Accounting

Course Information
ACCT110 – Small Business Accounting- HY2 -Section 1116
Fall 2018
Tuesday and Thursday, 8:50AM to 9:50AM, Hybrid
GWH 166

Instructor Information
Instructor: Marie Connelly, MBA, CPA
Email: mconnelly@everettcc.edu Office Phone 425-388-9548
Office: Olympus 219
Office hours: Tuesday and Thursday 12:00PM to 1:00PM, Wednesday 9:00AM to 12:00PM

The preferred way to contact me is through Canvas email.

Course Description
Theory and practice of double-entry bookkeeping for small unincorporated businesses. Includes use of
journals and ledgers, preparation of basic payroll records, worksheets, financial statements, bank
statement reconciliations, and adjusting and closing entries. Emphasizes development of basic
bookkeeping knowledge and skills. Not intended for transfer.

Books and Materials

College Accounting: A Practical Approach, Slater & Deschamps, 14th Edition, a 2018 Pearson publication,
ISBN 9780134889207

The Bookstore at EvCC sells a special edition of the book for this class. The cost is $142.85. This special
edition includes a loose-leaf of Chapters 1-12 of the book, worksheets, access to Pearson for this course
for 1 year, and access to the e-text on the Pearson site.

http://www.everettcc.edu/bookstore/

You will need a simple four function calculator for exams. Cellphones and scientific calculators may not
be used during exams.

Pearson and My Accounting Lab Support

Phone: 1-800-677-6337
Website: http://247pearsoned.custhelp.com

Canvas Access
http://www.everettcc.edu/ Select Canvas at the top of the EvCC home page
Course Objectives and Outcomes

Upon successful completion of this course, students will be able to:

1. Explain and contrast the purpose of the journal and the ledger in the accounting system.
2. Analyze simple business transactions, formulate the appropriate Journal entries and record the
journal entries in good general journal form.
3. Post journal entries to the appropriate general ledger and, if appropriate, subsidiary ledger
accounts.
4. Develop simple adjusting entries, including depreciation calculations using straight-line
depreciation.
5. Prepare an end-of period spreadsheet (worksheet). From the worksheet prepare an income
statement, statement of owner’s equity, and balance sheet in good form. Develop and record
the necessary adjusting and closing entries in the journal and ledger.
6. Identify the accounts used to account for merchandise inventory and explain how they are used.
7. Explain the advantages of using “special purpose Journals” instead of a single “general” journal.
8. Explain the purpose of “subsidiary ledgers and their relationship to the general ledger”.
9. Prepare in good from an income statement for a merchandising firm which includes a detailed
Cost of Goods Sold section.
10. Prepare a simple payroll register by calculating gross pay, payroll deductions and net pay from
basic payroll data, and formulate the journal entries required to record a payroll and the
associated employer payroll taxes.
11. Prepare a bank statement reconciliation and the related journal entries.
12. Explain the appropriate method of accounting for petty cash transactions.

Upon successful completion of this course, students will be able to:

1. Demonstrate the preparation of journal entries reflecting business transactions, reconcile banks
statements and prepare journals entries to update accounting records, identify and prepare
adjusting and closing entries, identify the effect of errors on account balances and financial
statements, identify normal account balances and account classification.
2. When given trial balance information prepare adjusting entries, and an adjusted trial balance.
Prepare from an adjusted trial balance an Income Statement, a Statement of Owner’s Equity,
and a Balance Sheet.

Accounting Program Level Outcomes

1. Explain accounting as the language of business.
2. Use computerized and manual systems to record data and prepare accounting statements and
reports.
3. Organize and manage the daily business functions of an organization.
4. Use research and analytical skills to support the business activities of the organization.
5. Apply critical thinking and analytical skills in decision-making and problem solving.
6. Formulate questions that can be addressed with data and collect, organize, and display relevant
data to answer them.
7. Apply accounting theory to analyze accounting information.
8. Anticipate and actively explore innovative solutions to technological and organizational
challenges.
9. Use software including word processing, spreadsheets, and databases to input, manage, and
interpret information to meet organizational needs.
Core Learning Outcomes

1. Engage and take responsibility as active learners

Students will be involved in the learning process as they gain deeper levels of understanding of
the subject matter. They will design, complete, and analyze projects while developing group
interaction and leadership skills.
2. Think critically
Students will develop and practice analytical skills, problem-solving skills, and quantitative
reasoning skills. Using creativity and self-reflection, they will be able to engage in inquiry that
produces well-reasoned, meaningful conclusions.
3. Communicate effectively
Students will develop the organizational and research skills necessary to write and speak
effectively. The students will demonstrate awareness of different audiences, styles, and
approaches to oral and written communication.
4. Participate in diverse environments
Students will gain the awareness of and sensitivity to diversity, including one’s own place as a
global citizen. Students attain knowledge and understanding of the multiple expressions of
diversity, and the skills to recognize, analyze, and evaluate diverse issues and perspectives.
5. Utilize information literacy skills
Students will develop and employ skills to recognize when information is needed and to
locate, evaluate, effectively use and communicate information in its various forms.
6. Demonstrate computer and technology proficiency
Students will use computers and technology as appropriate in their course of study.

Requirements and Expectations

Attendance and Participation

Although attendance is taken it is not part of your course grade. Having said that there is no doubt that
students who attend class regularly tend to have better leaning outcomes. If you are unable to attend
class you do not need to send me an email through Canvas. You are responsible to check with a fellow
student to determine what you missed.

Students can expect to spend anywhere from 1 hour to 2 hours on study time for each credit hour. For
a 5 credit course study time will be anywhere from 5 hours per week to 10 hours per week. Accounting
courses frequently require more study hours than other courses.

Students are expected to arrive on time prepared to work. Registering for a class is a commitment for
the class time. Avoid scheduling other appointments or obligations for the duration of scheduled
classes. Vacations and transportation issues do not qualify as excuses for long term absences.
Communication

This course is designed to encourage an ongoing dialogue between student and instructor and
amongst students as well. The instructor expects that you will have many questions and comments
along the way. Communication is built into the class (see “Activities to Meet Objectives”) via discussion
forums, email, and meeting at the Tutoring Center. The instructor will respond to e-mail within 24 hours
(within 48 hours on weekends). Students are encouraged to ask questions about assignments, readings,
and other course activities. Please note that personal private questions should be handled via e-mail,
not on the online discussion forum.

Activities to Meet Objective

After Chapter Reading Reviews will account for 5% of the total grade. There are 10 of these Chapter
Reading Review Assignments. The review questions are brief questions that should help indicate to you
the level of comprehension you achieved while reading the chapter. The After Chapter Reading Review
can be accessed by going to the MyLab and Mastering Tab on Canvas. You are given five attempts to
answer correctly. Absent extraordinary circumstances – e.g., major illness or death in immediate family,
no late work will be accepted.

Homework Assignments will account for 10.0% of the total grade. There are 10 Homework
Assignments. Students will be asked to demonstrate their knowledge of course principles and
procedures through completion of selected activities presented at the end of each chapter in the
accounting textbook. Homework assignments are accessed by going to the MyLab and Mastering tab on
Canvas. Homework assignments are expected to be submitted as scheduled. Absent extraordinary
circumstances – e.g., major illness or death in immediate family, no late work will be accepted.

Chapter Quizzes will account for 15.0% of the total grade. There are 10 Chapter Quizzes. Chapter
Quizzes are accessed by going to the MyLab and Mastering tab on Canvas. Students will demonstrate their
knowledge of the course concepts via performance chapter exams. You may use your textbook as a
resource for your chapter quizzes. You have one opportunity to submit your chapter quiz prior to the due
date, and a time limit of 60 minutes. If you have not submitted your chapter quiz by 11:59PM on the due
date, the Pearson system will close your quiz, and submit a score. Chapter quizzes are not intended to be
group projects.

Midterm and Final Exams Midterm and Final Exams shall account for 60% (20% for each exam) of the
total grade. The exams are taken in class on the scheduled exam dates shown on the Syllabus tab on
Canvas. For online courses, the exams are proctored on the EvCC campus, so please look carefully at the
exam schedule located under the Syllabus tab on Canvas for location and time. You will not have access
to notes or books during the exams, but you may use a simple 4 function calculator (not a cellphone or a
scientific calculator). There are three exams. The first exam covers Chapters 1-3. The second exam
covers Chapters 4-6, and the third exam covers Chapters 7, 8 11, and 12. If circumstances arise that
prevent a student from taking the midterm exam or final exam at the scheduled time, unless prior
arrangements are made or extenuating circumstances arise, the student grade for that exam will be
zero. The instructor may insist on proof of extenuating circumstances.

Discussions shall account for 4% of your course grade. There are four Discussions. All Discussions
require an initial posting and two response postings. The response postings are due no later than two
days after the due date for the Discussion.

Quantum provides a practice platform for accounting that most of our students have found helpful.
There are 3 Quantum Assignments that account for 6% of your course grade. Please see the
Announcement on Canvas on how you register for Quantum.

Evaluation and Grading

Assignment Points Percentage of Final Grade

Chapter Reading Review 50 5%
Chapter Homework 100 10%
Chapter Quiz 150 15%
Discussions 40 4%
Quantum 60 6%
Exams 600 60%
TOTAL 1,000 100%

Letter grade Standard % of points

A High degree of excellence 95-100

A- 90-94
B+ Better than average achievement 87-89
B 83-86
B- 80-82
C+ Average achievement 77-79
C 70-76
C- 67-69
D Low standard of achievement 60-66
F Failure to complete minimum requirements 0-59

There will be no extra credit opportunities. Individual grades not challenged in writing within a week of
posting to the grade book – Canvas or Pearson - will be final.

Please communicate any concerns regarding grades in an email sent through Canvas , so that we have a
record of your issues, and how they were resolved.
Academic Integrity – Cheating and Plagiarism
Academic honesty is highly valued at EvCC. It is expected that you will follow the EvCC honor code,
which means no cheating of any kind. This means you cannot:
1. Submit someone else’s work as your own
2. You cannot work in groups when you are not specifically allowed to do so
3. Use unapproved resources (of any kind),
4. Use someone else’s words or ideas without proper citation (give proper credit to original source)
Please note that there will be zero tolerance for cheating. If you are discovered to have cheated you will
surely fail the assignment and you will most likely be issued a failing grade for the course. At a minimum,
you will fail the assignment and be reported to the EVCC academic office, which can mean you could be
expelled from the college. If you use unapproved resources during the mid-term or final exam, whether
they are online or physical documents or recordings, you WILL FAIL THIS COURSE.

Accidental or intentional use of someone else’s work, ideas, research, or writing without attribution
of the source will result in a failing grade on the assignment or a failing grade in the course. This decision
will be dependent on the nature and extent of the use. Any incidents of this type will be reported to the
Dean of Student Development as a violation of the Student Conduct Code, which is described in the
Student Rights and Responsibilities handbook.

Other
[Depending on the course, you may wish to provide information about such things as: lab use and hours,
safety, Canvas use, field trips, etc.]

Changes to the Syllabus

This syllabus is intended to be comprehensive and accurate, but adjustments may need to be made
during the quarter. Any changes will be announced on Canvas or sent via Canvas email.
Class Schedule

See Modules in Canvas and the Course Home page on Canvas for a complete list of due dates and
assignment details.

Support for Students

Equity and Accessibility
Everett Community College through its Vision, Mission, and Strategic Plan, has made an institutional
commitment to establish a diverse, equitable and inclusive working and learning environment. My goal
is to create a classroom environment in which everyone can participate and learn. Because of the
diversity of backgrounds, experiences, and beliefs all of us bring to this class, I expect you to interact
with your peers in a spirit of generosity, mutual respect, and understanding.

If there are aspects of this course that prevent you from learning or that exclude you, please speak with
me as soon as possible. Together we can develop strategies to meet both your needs and the
requirements of this course. I am happy to talk privately after class or during my office hours.

You also have the right to request accommodation for a verified disability. For information and
assistance, contact the Center for Disability Services (located in Parks 267, 425-388-9272, or
cds@everettcc.edu) for help documenting specific needs you may have and determining appropriate
accommodations.

We understand that for our campus to be welcoming and safe, it must be free from all forms of
discrimination. Everett Community College does not discriminate based on, but not limited to, race,
religion, creed, color, national origin, age, sex, sexual orientation, gender identity or expression,
pregnancy or parental status, marital status, disability, genetic information, or status as a veteran of
war. If you believe that you have been subjected to discrimination or harassment based upon any of
these, you should let me know or contact the college’s Title IX Coordinator at
TitleIXCoordinator@everettcc.edu or 425-388-9271.

Additional Student Support Information:

• Canvas
Assistance with the Canvas learning management system including logging in and course access.
Whitehorse 210 – 425-388-9027 or 1-866-575-9027
Canvas Help Desks are also in the library, outside the Tutoring Center and the Whitehorse lobby.
• Counseling and Student Success
Assistance with career counseling, academic/educational counseling, advising, and referral to
community mental health resources
Parks 3rd Floor – 425-388-9263
• Library
Information and services to support research and learning including books, media materials, and
databases. Librarians assist students in locating information and developing research skills.
Parks 1st floor – 425-388-9353 (checkout) and 425-388-9354 (reference assistance)
• Tutoring Center
Free academic/tutorial support with course material, study skills, time management, and
preparation for exams
 Rainier 119 and Baker 112 – 425-388-9356
• Writing Center
Peer writing assistants offer feedback, ideas, and methods for editing and polishing work.
Gray Wolf 150 – 425-388-9406
• For additional support services, visit the Everett Community College Student Resources website.

General Information about EvCC Policies and Procedures

As outlined in the campus civility statement, Everett Community College is committed to providing a
safe learning and working environment. The expectation is that all students will conduct themselves in a
civil, respectable and appropriate manner as a responsible member of the college community. The
Student Rights and Responsibilities Handbook identifies and describes college expectations, students’
rights, and outlines the process for resolving disciplinary matters, including Student Code of Conduct
violations. The provisions of the Student Code of Conduct apply to all students whenever they are on the
college campus, in college housing, or engaged in college-sponsored activities and functions.

Family Education Rights and Privacy Act of 1974

All student educational records are handled by the College in accordance with the Family Educational
Rights and Privacy Act of 1974 (FERPA). This act ensures the confidentiality of student records by
restricting the release of personally identifiable information these records contain. Students may print,
complete, sign and submit the online Release/Non-Release Form to Enrollment Services for one of two
options: 1) the student wishes to allow certain persons to be able to access their records, and 2) the
student wishes to prevent any disclosure of any information. In each case, the form must be filed in
Enrollment Services.

Emergency Preparedness and Campus Closures

In the event of an emergency situation adversely affecting college operations, public health, or the well-
being and safety of students or employees, the college president may declare a temporary closure of
any or all units of the institution. If the event of a closure, information will be posted on the opening
screen of the EvCC website, emailed to students and employees at their college email address, and will
also be available as a message on the college’s main phone line at 425-388-9100. Students may sign up
to receive an emergency alert as a text message or by personal email through the Rave system. Faculty
will communicate with students about adjustments in course content or requirements, including
assignment deadlines that may be impacted by a closure.

Academic Calendar
Registration and payment dates, application and refund deadlines, the final examination schedule and
all other information related to the academic year and each individual quarter is available on the college
website.