ACC B113/CRN 10128

Financial Accounting
Fall 2023

Class Time: MW 9:30 am -10:45 am

Location: LRC B220

Textbook: Accounting Tools for Business Decision Making

With WileyPlus Access code
Edition: 7th

Author Kimmel

Publisher: John Wiley & Sons, Incorporated

Login Instructions are in Blackboard

Professor: Claudia LaRocque, MST CFP®

Office: T511
Phone: (860) 512-2628
E-mail: [email protected]

Office Hours: In-person or virtual:

Mondays & Wednesdays 11-12 pm
By Appointment
Course Overview:

The study of the interpretation of accounting information as a basis for

financial statement analysis and management decision-making. Topics
include the theory and practice of accounting applications as they relate to
the accumulation, external reporting and external uses of financial
accounting information.

Objectives: Upon successful completion of the course the student will:

 Identify the key financial statements and their components.
 Knowledgably read financial statements.
 Understand and interpret accounting information.
 Examine different accounting methods and estimates.
 Prepare accounting statements.
 Make informed decisions or recommendations based on financial
statements.

Blackboard:
This class will make use of an online course management system called Blackboard
Learn. A copy of this syllabus and the class schedule, as well as various class
handouts and assignments, will be posted on Blackboard. In fact, the majority of
our course materials will only be available on Blackboard. Thus, you are strongly
encouraged to login to Blackboard on a regular basis to download and print these
course materials.
To access Blackboard Learn, you need to login to myCommNet at
http://my.commnet.edu. You can also link to myCommNet from the MCC home page.
You will need your NetID and your password.

While mobile devices provide convenient access to check in and read information about
courses, students should not try to take tests, quizzes, complete assignments, or submit
substantive discussion posts in that way because Blackboard is not fully supported on
mobile devices at this time. If students have any problem using Blackboard or Blackboard
Mobile, they should contact https://cscu.edusupportcenter.com/shp/cscu/home

Assignments:
It is important to read the assigned material prior to coming to class and to complete the
assigned exercises and problems by the date indicated. All work assigned will be given a
grade. Additional assignments and/or changes in assignments may be given during the
course of the semester.
The following is a list of assignments that you will complete throughout the semester with
their assigned points and % of total grade:

Assignment Points % of Total Grade

Test Your Knowledge Quiz 50 points 5%

Math Quiz 50 points 5%

Quizzes (12 @ 10 each) 120 points 12%

In Class exercises (12 @ 10 each) 120 points 12%

Homework (12 @ 30 each) 360 points 36%

Exams (3 @ 100 each) 300 points 30%

Total 1,000 points 100%

Evaluation & Grading: (NO LATE SUBMISSIONS ALLOWED)

Grading for this class is based on the 1000 Point Grading System. This means that you will
have the opportunity to accumulate up to 1000 points throughout the semester. The total
number of points that you have in Blackboard as of the last day of class,12/10/22, will
determine your grade as follows:

930-1000 A 730-769 C
points
900-929 A- 700-729 C-
870-899 B+ 670-699 D+
830-869 B 630-669 D
800-829 B- 600-629 D-
770-799 C+ <600 F

Absences and Attendance Guidelines:

 The Faculty expects that each student will exercise personal responsibility regarding
class attendance.
 All students are expected to attend every class session of each course for which they
are registered.
  Students are responsible for all that transpires in class whether or not they are in
attendance, even if absences are the result of late registration or add/drop activity at
the beginning of a term as permitted by college policy.
 The Faculty defines excessive absence or lateness as more than the equivalent of one
week of class meetings during the semester. Distance Learning courses will use
criteria established by the Instructor.
 When presence counts towards a class participation grade, excessive absence or
lateness may, at the discretion of the instructor, lower a student’s course grade.
 Instructors will maintain class participation records.

This course is designed so class activities supplement material covered in the text. Therefore,
successful completion of this course requires regular in class attendance and as a CT State
student, you have been given an official student email address, which is the primary way
you will receive communications from all your professors and the college. It is your
responsibility to check your college email regularly for all communications. Emails are not
sent to personal email accounts. To access your email, go to: https://my.ctstate.edu/

Makeup Work: Will not be allowed. All due dates for all assignments are listed below.
Students should plan their schedules accordingly.

Class Schedule/Due Dates: NO late submissions for any of the assignments listed below

Chapter Test Your Quizzes InClass Homework Exams

Knowledge
& All due at 11:59 PM To be completed IN All due at 11:59 To be
MATH on Class on these dates PM taken
Quiz These dates On IN
These dates Class
Due by
11:59 PM
on
#1 Introduction to Financial 9/5 9/5 9/6 9/10
Statements
#2 A Further Look at Financial 9/10 9/13 9/17
Statements
#3 The Accounting Information 9/17 9/20 9/24
System
#4 Accrual Accounting Concepts 9/24 9/27 10/1
EXAM 1-4 10/4
#5 Merchandising Operations and 10/8 10/11 10/15
the Multiple-Step Income
Statement
#6 Reporting and Analyzing 10/15 10/18 10/22
Inventory
#7 Fraud, Internal Control, and 10/22 10/25 10/29
Cash
#8 Reporting and Analyzing 10/29 11/1 11/5
Receivables
Exam 5-8 11/8
#9 Reporting and Analyzing Long- 11/12 11/15 11/19
Lived Assets
#10 Reporting and Analyzing 11/19 11/27 11/28
Liabilities
#11 Reporting and Analyzing 11/28 12/4 12/5
Stockholders' Equity
#12 Statement of Cash Flows 12/5 12/6 12/12
Exam 9-13 (8:00 AM-10:30 AM) 12/13

Academic Engagement Policy:

CT State students are expected to actively engage in learning. Current CSCU policy
requires that students who do NOT begin participation in each class by a certain date be
dropped from the class(es) in which there is no evidence of active participation. Logging
into Blackboard alone does not prove engagement. Changes in enrollment may impact
financial aid eligibility. For more information see this link: 1.19 Policy on Grades, Notations, and
Academic Engagement.pdf (ct.edu) and watch this Academic Engagement Video.

The date for this semester is 9/12/23.

Academic Integrity:

Academic misconduct includes, but is not limited to, plagiarism and all forms of cheating.
Students are expected to do their own work on assignments, laboratory exercises, quizzes,
examinations, and any other academic work.

Plagiarism is defined as the submission of work by a student for academic credit as one’s
own work of authorship which contains work of another author (whether purchased,
borrowed, or otherwise obtained, from any source, including the Internet) without
appropriate attribution, either intentionally or unintentionally.

Cheating includes, but is not limited to: (i) use of any unauthorized assistance in taking
quizzes, tests or examinations; (ii) use of sources beyond those authorized by the instructor
in writing papers, preparing reports, solving problems or carrying out other assignments;
(iii) the acquisition, without permission, of tests or other academic material belonging to a
member of the College faculty or staff or any other individual or entity; (iv) falsifying
laboratory results or other data; (v) submitting, if contrary to the rules of a course, work
previously presented in another course; (vi) knowingly and intentionally assisting another
student in any of the above, including assistance in an arrangement whereby any work,
classroom performance, examination, or other activity is submitted or performed by a
person other than the student under whose name the work is submitted or performed; and
(vii) engaging in any other behavior specifically prohibited by a faculty member in the
course syllabus.

Unauthorized recording or transmissions includes, but is not limited to, the use of any
electronic media or device for the transmission and/or recording of class material, unless
authorized by the instructor.

Faculty can assign a grade of “F” to any student found guilty of academic misconduct.
Such an “F” cannot be overridden by a student-initiated “W” (withdrawal from the
specific class or withdrawal from all classes). If a student is found to have multiple
infractions, a stronger penalty may be observed. Academic dishonesty can also result in other
disciplinary sanctions as defined in the CSCU Student Code of Conduct.

Plagiarism includes any and all of the following:

 Taking the words or ideas of someone else and presenting them as if they were your own
 The fabrication of information and/or citations
 Copying from the Internet
 Submitting the works of others from professional journals, books, articles and papers
without proper credit to the source
 Submission of other students’ papers or project reports and representing the work as your
own.
 Fabricating submissions in part or total and citing them falsely.

If a student is accused of cheating or plagiarizing, he or she will be immediately reported to the

Dean of Students and the accusation will be investigated. If the accusation is confirmed, the student
will receive an F grade on the assignment/test in question. Depending on the significance of that
assignment/test, at the discretion of the professor the student may also receive an F grade in the
course.

This policy applies to ALL assignments.

Course Evaluations:
All students will be asked to evaluate all their courses using the Evaluate My Course link,
which appears in their myCTState.edu page toward the end of each semester. These
evaluations are very important and give students the opportunity to provide anonymous
feedback regarding their educational experience. Only after grades are finalized and
released to students do faculty have access to view the anonymous feedback provided by
their students.
Class Cancellation :
If a class is cancelled or delayed because of weather or other unforeseen event, instructors
may plan for a qualified substitute instructor or plan make-up assignments for any class
time missed. Faculty can plan for make-up assignments through a variety of ways
including, but not limited to, online/additional class assignments. Cancellation or delay of
classes due to inclement weather is made only by the Chief Executive Officer (CEO) of the
College. To learn about these cancellations or delays promptly, please sign-up for
MyCTState Alerts for immediate notifications. For directions to sign up: MyCTState Alert
Signup. Announcements will also be made on the campus websites and on local TV as
appropriate.

Withdrawal Policy:

Withdrawal dates, along with Refund Deadlines for the various course schedules can be
found on the College’s website at: https://ctstate.edu/academic-calendar

Withdrawing from a course can affect students’ academic progress as well as their
financial aid. If a student is considering withdrawing, they should first talk to their
instructors about their current progress and explore alternatives. If students are on
financial aid, talk to that office to understand any consequences. If students decide to
withdraw, they must submit a written withdrawal request to the Office of the Registrar by
the appropriate deadline. Withdrawals can be made in person, by mail, or online through
your student account at https://my.ctstate.edu/. NOTE: Students are responsible for
completing appropriate withdrawal paperwork; instructors do not withdraw students from
their classes.

For a list of the campus GPA offices and additional information on financial aid, please see
the Academic Advising and Financial Aid sections in the Student Handbook.

Disability Services - Students with Accommodation Needs:

Students who require accommodations, based on a documented disability, are encouraged
to contact the Disabilities Office, on their campus, at the beginning of each semester.
Students needing accommodations may also apply online at this link: https://ctstate.edu/cdas.
After providing documentation and completing the intake process, students are then
encouraged to speak directly, with their instructor(s), within the first two weeks of the
semester, to discuss any approved accommodations (formal accommodation letters will be
provided). Accommodations are not retroactive. Instructors, in conjunction with
appropriate college personnel, will provide accommodations, to students, who have
provided proper documentation and completed the intake process, with their respective
campus Disability officer.

Services for Students with Disabilities:

If you have a disability (e.g., learning, physical, or psychological) and require reasonable
accommodations to enable you to participate in this course, such as extended time on exams, please
contact me during the first two weeks of class. You must be registered with the Office of Disability
Services. MCC has three disability services providers who can provide you with additional
information and review appropriate arrangements for reasonable accommodations. To make an
appointment with a disability services provider concerning a learning disability, contact Joan
Kantor (Lowe Room 131, 860-512-3326, [email protected]) or Gail Stanton (Lowe Room
131, 860-512-3325, [email protected]). To make an appointment with a services provider
concerning a physical or psychological disability, contact Joe Navarra (Lowe Room 131, 860-512-
3332, [email protected]).

Title IX: Discrimination, Harassment, and Sexual Misconduct

Reporting:

Manchester Community College is committed to fostering a safe and productive learning

environment. Title VII, Title IX, Board of Regents, and MCC policies prohibit harassment,
discrimination, and sexual misconduct. Sexual harassment (including sexual violence) has the
purpose or effect of interfering with an individual’s work or academic performance or creating an
intimidating, hostile, or offensive work or academic environment. Sexual harassment in any form
will not be tolerated at MCC. We encourage anyone experiencing harassment, discrimination, or
sexual misconduct to talk with someone about what happened to them so they can get the support
they need and MCC can respond appropriately. There are confidential and non-confidential
resources and reporting options available to you. MCC faculty and staff are required to report
incidents of sexual misconduct to MCC’S Title IX Coordinator and thus cannot guarantee anyone
confidentiality. A list of resources is available at www.manchestercc.edu/title-9. If you wish to
report sexual misconduct or have questions about school policies and procedures regarding sexual
misconduct, please contact MCC’s Title IX Coordinator Debi Freund – SSC L277, 860-512-3107.

Continuing Notice of Nondiscrimination:

Connecticut State Community College does not discriminate on the basis of race; color;
religious creed; age; gender; gender identity or expression; national origin; marital status;
ancestry; present or past history of intellectual disability, learning disability or physical
disability; veteran status; sexual orientation; genetic information or criminal record.

The following person has been designated to respond to inquiries regarding the non-
discrimination policies: John-Paul Chaisson-Cardenas, Vice President for Diversity, Equity
and Inclusion, CT State Community College, 860-612-7056, [email protected].

Connecticut State Community College is an Affirmative Action/Equal Opportunity

Employer and strongly encourages the applications of women, minorities, persons with
disabilities, and veterans.

Deferred Action for Childhood Arrivals (DACA) Students:

The fundamental responsibility of a public education institution is to foster learning,
innovation, and
strong communities to any student willing to put in the work to learn and achieve. CT State
admits
students based on a holistic approach and our campuses are open access. CT State does not
collect or
retain information on undocumented students' immigration status and does not maintain a
list of
undocumented students.

Incomplete:
An “I” is a temporary grade assigned by a faculty member when coursework is missing,
and the student agrees to complete the requirements.

Although a student may request an Incomplete from a faculty member; that faculty
member is not required to agree to the request. Faculty members should assign an
Incomplete when there are extenuating circumstances, such as illness, that prevent a
student from completing the assigned work on time. Further consideration should be given
to determine if the student has attended for at least 60% of the duration of the course,
completed the majority of the course requirements, and - in the judgment of the faculty
member - the student can complete the remaining work no later than the tenth week of the
next standard semester.

Any faculty member who assigns an Incomplete shall document such an activity, and
inform the student, the campus dean of faculty, the Registrar, and other appropriate
parties, as needed, using a common form.

Supporting documentation, agreed upon by both the faculty and student, must include:
 a brief description of the requirements to be completed;
 the date by which the coursework must be submitted to the faculty member;
 a statement that the Incomplete will change to a specific letter grade if the work is
not completed by the tenth week of the next standard semester.

If a student submits the required work on time, the faculty member shall calculate a grade
to replace the Incomplete and submit it to the Registrar no later than the 10th week of the
following semester. If a student fails to complete the required work or fails to submit the
work by the specified time, or if the faculty member fails to submit a replacement grade,
the Registrar shall convert the Incomplete on the student’s transcript to the letter grade
specified on the original paperwork.

Students with an Incomplete are temporarily ineligible for semester or graduation honors.
Upon conversion of the Incomplete to a letter grade, students may retroactively receive
semester or graduation honors, and such recognition shall appear on the transcript,
provided the student has earned the required GPA.

Audit:
The MCC catalog states, “This status allows a student to participate in class activities without being
required to meet the examination requirements of the course. A student who wishes to change from
credit to audit status must request this form from the Registrar’s office and return the completed
form to the Registrar’s Office within the first two weeks of the course. Full tuition and fees are
charged for course audits. Financial Aid does NOT COVER AUDITED CLASSES.” (NOTE: A
student is not required to have instructor’s permission in order to audit a course.

Library Resources:
The CT State Community College Library supports students, faculty, staff, and the
community by providing robust and diverse collections and services; innovative and
inclusive campus spaces; and environments that support equity, inspire lifelong learning,
and contribute to professional, academic, and personal growth: https://ctstate.edu/library

Mental Health Resources:

Navigating college responsibilities while balancing the demands of life can be a challenge.
Many college students often find themselves feeling overwhelmed and struggling to cope.
These stressors can interfere with your ability to be academically successful. A licensed
Wellness Counselor will help you identify your current stressors, assist you in developing
healthy coping skills and connect you to additional resources. For more information:
https://ctstate.edu/wellness

Recorded Class Sessions:

Class sessions may be recorded and uploaded to Blackboard and shall be used for the
purpose of completing course assignments only. Unless prior permission is obtained or
reasonable accommodation granted, students are not permitted to record classes. Students
participating in the virtual classroom should refrain from sharing personally identifiable
information from education records. Additionally, U.S. Copyright Law, Connecticut State
law, or relevant collective bargaining agreements protect the intellectual property of the
faculty member, CSCU, which may include, but is not limited to lectures, demonstrations,
or performances. Any redistribution of recordings without the faculty’s or the institution’s
prior approval constitutes academic misconduct and may result in disciplinary sanctions.
CSCU reserves the right to delete the class recordings pursuant to CT State law retention
requirements after the period of instruction is over.
Smoke-Free Campus Policy:
Section 19a-342 of the General Statues of Connecticut prohibits smoking in any building or
portion of a building owned or leased by the state. Smoking is also prohibited in any
vehicles owned or leased by the state or any political subdivision thereof (this policy does
not apply to personal vehicles). Smoking shall also be prohibited in all outdoor areas of
campus property, including but not limited to parking lots, paths, fields, and
sports/recreational areas.

Student & Faculty Communication and Processes:

Good communication between students and their instructors can make a big difference in
academic experiences. If a student has a question or problem with the course or an
assignment, they should always try to talk to their instructor first. Please reach out to your
instructor to arrange a time to meet to discuss any issues, questions, or problems you may
be facing as soon as possible.

It is the College’s policy to provide a mechanism and process whereby a student may
formally appeal faculty decisions. When a student uses the appeals procedure, all parties
should endeavor to resolve the dispute amicably at the earliest possible stage.

An academic appeal is an allegation by a student that an employee of the college has

violated federal or state laws and regulations, college or department policies, accreditation
standards, or the policies stated in the course syllabus related to an assigned grade,
notation, or other academic decision. A student may seek campus-level review of the
assignment of a grade, notation, or other decision affecting academic status in accordance
with the procedure outlined in the college catalog.

The campus-level appeal will take place at the campus where the grade, notation, or course
being appealed took place. The student shall be afforded the right to present a statement of
appeal and relevant information in support of it. The faculty member shall also be afforded
the right to present a statement of relevant information regarding the appeal. It is the
student’s responsibility to show that the decision in question is arbitrary, i.e., without a
reasonable basis, or was made for improper reasons in violation of this policy. The student
is entitled to a written response upon completion of the appeal procedure outlined in the
college catalog.

The procedural time frames provided may be modified by the Campus CEO for good cause
shown. The decision of the Campus CEO, or designee shall be final.

The procedure for students can be found here: Appeal Procedure

Title IX:
Title IX of the Education Amendments of 1972 is a federal law that protects all students
attending or accessing services at an educational institution that receives federal funding. It
allows all students to attend school in an environment free of harassment, gender-based
violence and discrimination. Violations of your rights under Title IX would be sexual
assault, sexual harassment, sex discrimination or gender discrimination. For information
regarding the nondiscrimination, disability, and Title IX policies/procedures, contact:
John-Paul Chaisson-Cardenas, Vice President for Diversity, Equity and Inclusion, CT
State Community College, 860-612-7056, [email protected].

Tutoring Resources:
All campuses offer tutoring centers which are and welcoming environment for all students.
We are here for you. The centers support you in completing assignments and allowing you
to advance in academic programs. We offer in-person and on-line tutoring. . For detailed
information and campus links for tutoring services, please see the Tutoring/Academic
Success Centers section in the Student Handbook.

Veterans:
If you are a veteran and you believe your military experience or commitments may affect
your
attendance or participation in this course, please speak with me outside of class to discuss
ways to
accommodate your needs. For detailed information and campus links for Veteran’s
services, please see the appropriate section in the Student Handbook.

Student Handbook:
Please see the Student Handbook for more information on these and other policies and
procedures such as all Code of Conduct violations, cell phone use in class, children on
campus, smoking policy, and more.