Fleming College Toronto

[General Business]
[Semester of Offering]

Teaching and Learning Plan

Course Information

Course Title Introductory Course Code ACCT72

Accounting
Pre-Requisites/Co- N/A Course Hours 45
Requisites
Delivery Mode In-person
Program Manager Isha Singh Program isha.singh@flemingcollegetoronto.ca
Manager
Contact
Developed by Approved by

Instructor & Section Information

Instructor’s Name Deepika Bhatia, Ph.D. Group/ FCT BNT 1.24
Section
Instructor’s Email Deepika.bhatia@flemingcollegetoronto.ca Course Day Wednesday

Instructor Office Hours 9:30-11:30AM (Every Monday) Course Time 11:30-2:30

Campus Fleming College Toronto Room No. 303

COURSE DESCRIPTION
The purpose of this course is to introduce students to the preparation and use of accounting information.
Generally Accepted Accounting procedures (GAAP) will be used to record and report the financial
transactions and operating results of a business.

LEARNING OUTCOMES
Upon successful completion of this course, the student has reliably demonstrated the ability to:
1. Explain what accounting is and identify the uses and users of accounting information.
2. Identify and distinguish between the various generally accepted accounting principles.
3. State and utilize the basic accounting equation, analyze the interrelationship of the balance sheet,
statement of income, retained earnings and cash flow.
4. Demonstrate the ability to analyze, generalize, and post accounting transactions including month-
end and year-end adjustments.
5. Demonstrate the ability to prepare a trail balance and financial statements.
6. Identify and prepare the various sections of a classified balance sheet and a multiple step income
statement.
7. Prepare and describe the accounting entries required for merchandising activities. Explain the
perpetual and periodic methods for recovering inventory.
8. Explain internal control and accounting procedures as they relate to cash, temporary investments and
receivables.

LEARNING RESOURCES
Type Author Title Publisher ISBN Edition URL
th
Required texts, resources and K. Larson Fundamental Mc Graw Hill 16
H.Dickman Accounting Ryerson Canadian
materials Principles volume 1 Edition

Supplemental/Recommended CLASS NOTES/ CONNECT

Resources

EVALUATION DETAILS

Percentage of
Type of Evaluation/Assessment Week
Final Grade
Assignment 3,6,12 35%
In class activity
10,14 10%
Tests 7,15 55%
Total N/A 100%
 STANDARD COURSE PLAN
Week Topic /Theme/Chapter Assessments and Learning Outcomes
Activities
[Ensure that all learning outcomes
[Describe evaluations/ are covered in the weekly plan]
assessments and
expected learning
activities in detail]

Week 1  What is accounting 1,2

 Users of accounting information
 Forms of business organization
 Ethics and social responsibility
in accounting
 Opportunities in accounting and
related fields

Week 2  Introduction to financial 2,3

reporting
 Accounting equation
 Financial statements
 Accounting concepts and
convention

Week 3  Types of accounts Assignment

 Chart of accounts 10% 2,3
 Recording transactions in a
general journal

Week 4  Recordings 2
 Preparing financial statements
3,4

Week 5  T-accounts
 Ledger
 Trial balance 4

Week 6  Review session Assignment

10%

Week 7 Midterms
Midterm 1,2,3,4
25%

Week 8 Reading Week (No

Classes)

Week 9  Adjustments
Week Topic /Theme/Chapter Assessments and Learning Outcomes
Activities
[Ensure that all learning outcomes
[Describe evaluations/ are covered in the weekly plan]
assessments and
expected learning
activities in detail]

 Adjusted trial balance 4,5

 Adjusted Balance sheet

Week 10  Adjusting (continued) In class activity

 Accounting cycle (5%)
 Prepare closing entries 4,5

Week 11 Accounting for Merchandising

 Accounting for purchase and 4,5,6,7

sale
 Completing the accounting cycle
 Financial statement formats

Week 12 Periodic inventory system Assignment 15%

 Completing the cycle 4,5,6,7

 Multiple step income statement

Week 13 Internal control and Petty Cash

 Principles and application of

internal control
 Operation of petty cash fund 1,2,3,4,5,6,7,8
 Bank reconciliation
 Reporting of cash

Week 14 In class activity and Review session In class activity

5%

Week 15 Final exam Test 2

30%
 POLICIES AND REGULATIONS

E-MAIL COMMUNICATION
As per College regulations, all students are required to check their student e-mail account
regularly. E-mail is the official route of communication between the College and its students.

PLAGIARISM AND ACADEMIC INTEGRITY

Refers to honoring an ethical and moral code regarding the honest creation of an individual’s
own work and the acknowledgement of contributions from others to that work.
Examples of Academic Integrity violations include (but are not limited to):

 Plagiarism — Taking someone else's work or ideas and passing them off as one's own.
Examples include (but are not limited to) using some else’s work or ideas from the
internet, textbooks, another student’s work, and/or library resources.

 Copyright Infringement – Using work protected by copyright/Canadian

Copyright law without permission. Examples include photocopying or taking
pictures of copyright-protected textbook pages or selling a copy of a copyright-
protected resource to another student.

 Cheating — An unethical or dishonest act carried through by a student to gain

assessment marks. Examples include (but are not limited to) using unauthorized
electronic devices or other aids during academic assessments, and/or looking at
another student’s work during an academic assessment.

 Facilitating Academic Dishonesty — Allowing a classmate or another student to

copy assessment work, buy/sell assignments for the purpose of plagiarism, and/or
providing a student with their private student login information for the purpose of
having someone else complete their academic assessment work.

 False Identity — A student who logs into another student’s account for the purpose of
completing academic assessment work on their behalf or assuming another student’s
identity for the purpose of writing a quiz, test, or exam.

 Forgery — Creating and/or submitting false documents such as employer

co-op/placement/applied project feedback, medical notes, reports, and/or signing
another person’s name.

 Multiple Submission — Submitting substantially the same academic assessment work

 in two or more courses without faculty permission. This may include work from a
previous education institution.

 Unauthorized Collaboration — Working with one or more individuals to complete

academic assessments that are intended to be completed on one’s own. Examples
include (but are not limited to) collaborating as a group during an online, D2L or
take-home assessment, and/or splitting up assignment work without faculty
permission.

 Sabotage — Taking intentional action to prevent another student from

successfully completing an academic assessment. Examples include (but are
not limited to) destroying someone’s work, removing/destroying reserved
content, and/or deleting another student’s computer files.

 Use of Turnitin Software

Students agree that by taking this course all required papers may be subject to submission
for textual similarity review to Turnitin.com in support of academic integrity. All
submitted papers will be included as source documents in the Turnitin.com reference
database solely for the purpose of detecting plagiarism of such papers. Use of the
Turnitin.com service is subject to the Usage Policy posted on the Turnitin.com site.

ACADEMIC INTEGRITY
Students are subject to the College’s Practice on Student Academic Misconduct and should
therefore be aware of what constitutes academic misconduct and its consequences. Student
academic misconduct is a serious offence and will not be tolerated. It may take many forms and
not limited to, plagiarism, copying another student’s work or allowing others to copy one’s own
work, the use of unauthorized aids in assignments or examinations, falsifying identity and
logging into another student’s account, submitting substantially the same academic assessment
work in two or more courses without faculty permission, unauthorized group work for an
individually assigned assignment, the willful distortion or fabrication of experimental results or
data, and the use of generative artificial intelligence (AI), such as ChatGPT or other, to help
complete any of your work in this course.
If you are unsure of what constitutes academic integrity infringements such as plagiarism or
others, or you do not know whether an online resource or tool can be used in this course, you can
seek assistance from your instructor, program coordinator, academic advisors, or the library staff.
You can also refer to the beFCT Study Ready resources link 1. Academic Integrity Introduction:
beFCT Study Ready (flemingcollegetoronto.ca)

Students agree that by taking this course all submitted assignments/papers may be reviewed by
Turnitin for textual similarity in support of academic integrity. All submitted assignments/papers
will be included as source documents in the Turnitin reference database solely for the purpose of
detecting plagiarism of such papers. Use of the Turnitin service is subject to the Usage Policy
posted on the Turnitin.com website. Students also agree that all the submitted assignment/papers
may be checked for any AI-produced material using AI detection tools and software.

ATTENDANCE
Students are responsible for understanding the College Practice on Attendance and Lateness
and are advised that unless they participate in course activities, it is unlikely that they will be
able to progress satisfactorily.

MISSED OR LATE ASSIGNMENTS (LATE SUBMISSION PENALTY)

 Late submissions will be accepted based on the following rule: 10% of the mark off for
every day late up to 7 days, after that, it will be marked with 0.
 Appeal of any academic assessment or instructor decision will be made in accordance
with the Academic Appeal policy and the Student Rights and Responsibilities document.

ACADEMIC STANDING AND PROGRESSION

To progress to the next level of program study, a student must achieve all the following:

 A semester Grade Point Average (GPA) of 1.0 or greater

 A passing grade in 66.2/3 percent of registered course load
 Successful completion of prerequisite and/or co-requisite course(s) if applicable
 Successful completion of mandatory course and/or semester requirements (such as
non-academic requirements among others) as determined by the program.

STUDENT SUCCESS
Mutually, faculty and learners will support and adhere to college Academic Regulations, and
Student Rights and Responsibilities. The following policies and guidelines have been developed
to support the learning process.
Please click on the link for information about:
 Academic Integrity (FCT – 2-201A)
 Accessibility for Persons with Disabilities (FCT – 3-341)
 Students Rights and Responsibilities (FCT – 5-506)

USEFUL LINKS AND RESOURCES

The contacts below may provide useful resources and information that support your academic
and overall progress as a student, don’t hesitate to reach out if you require any help or support:

IT Issues: support@myflemingcollegetoronto.ca

Accessibility: accessibility@flemingcollegetoronto.ca

Academic Advising: academicadvising@flemingcollegetoronto.ca

Career Services: careerservices@flemingcollegetoronto.ca

Library: library@flemingcollegetoronto.ca

Student Orientation: Studentservices@flemingcollegetoronto.ca