North Seattle Community College

Accounting Department

ACCT201DL Financial Accounting I


Syllabus & Course Schedule – Fall Quarter 2010


Instructor:                 Ron R. Woods          

Class Hours:                         Fully Online


Office:                        Room No. IB2414A

Office Hours:           Walk in T- 12-1:30pm; Thu- 1-3pm    Also by Appointment


Email:                            (The Best Way to Contact me is via email)


Telephone:               (206) 527-5669





Financial Accounting, Jeffrey Waybright & Robert Kemp – Pearson Prentice Hall

ISBN-13:  978-0-13-606048-2


Home work Management: MyAccountingLab


Other Learning Resources:
The course site at contains the following resources:

a) Course Information (Syllabus, Detailed Schedule, Announcements etc)

b) Power-point slides

c) Chapter Notes

d) Select solutions for problems and exercises

e) Discussion Board

f) Articles and occasional industry referenced websites 

Course Description:

ACCT&201 is the first in the sequence of two corporate financial accounting courses.  In this course the student identifies and applies the concepts, conventions, and generally accepted accounting principles which underlie financial accounting reporting.  Transaction analysis, journal entries, the accounting cycle for both service and merchandising enterprises, and the preparation of financial statements are emphasized.


Course Objectives:

Attributes that are highly valued in the workplace are: the willingness and ability to learn, discipline, integrity, self-motivation, adaptability, commitment, communication, teamwork, timeliness and dependability.  You can practice and develop these skills in this course. 

 Upon completion of this course, students should be able to:

1.  Use quantitative reasoning processes to understand, analyze, and solve
     accounting problems

2.  Identify and apply the concepts conventions, and generally accepted
     accounting principles which underlie financial accounting and reporting

3.  Apply computer competency to produce internal and external accounting reports

4.  Interact effectively with individuals and groups in an online environment

5.  Access, evaluate, and utilize financial information from a variety of  
     sources and a variety of contexts


Class Format:
This is an online course and includes individual problem solving, spreadsheet exercises, participation in a discussion room, and four examinations all completed through the use of email and/or online conferencing.  If you need special arrangements in order to successfully take this course please contact me immediately.

Time Commitment: You are expected to need about the same amount of time each week in this online class as you would need to be successful in an on-campus class (without the commute time, of course!)  Please plan to devote a certain amount of time during each week to completing your assignments and using the supplemental material posted in the weekly folders.  Do not wait until the night assignments are due to get started - active participation in the discussion room throughout the week will enhance the course for everyone.  If you have questions or concerns, please email me and we will seek solutions.

Course Requirements:
It is essential that you keep up with the course. Each week we will cover a large quantity of material which is interrelated. If you fall behind with the assigned readings, practice problems, and home work, it will be very difficult to catch up. The best way to learn accounting concepts is by practice; as such, readings and problems will be assigned and you are expected to do the readings and practice the problems. These assignments will be the basis for on line discussion, problem solving sessions and exams. Discussion Board participation will be monitored in terms of quality, not quantity. You are also required to complete some assignments and projects as part of a team.


You must have access to a compatible computer and software capable of receiving and opening course related documents and programs.


To be successful in this course you must set aside at least 4 to 6 hours of study time every week.


 Student Evaluation:

On line contributions, participation and overall demonstrated individual improvement in ones understanding and use of accounting throughout the quarter will be monitored and considered in assigning the final grade.


Student’s final grade will be determined as follows:

Homework & Online Participation                         15%               Group & Individual

Writing and Analysis Assignments                        10%   

Midterm Exams 1 & 2 (25 Pts each)                       50%              

Final Examination                                                      25%  

Total                                                                         100%


There are no make-up exams



Where applicable, CPA Exam Format Multiple Choice Questions and similar versions of CPA Exam Simulation Questions are used for problems, quizzes, and exams.


Mid-Term & Final Examinations:
The Mid-term and Final exams are all administered on-line. They are timed exams with a widow of usually 2 hours in which must log on and write the exam. Exam will contain Multiple Choice Questions and Problems. The chapters covered n the exams are made clear in advance.  The Final Examination is not cumulative by design and covers only the material covered since the mid-term exam. You have two hours to write the final exam.   Please check the Course Schedule for the date and time of the final examination.


Disciplinary & Other Issues:

Due Dates:                            Must be followed. Late assignments are not accepted.

Group Assignments:          When required, failure to work in a group will result in an automatic loss of 100% of the points for the group assignment.


Assignments:                       All written submissions (HW, Case Analysis, and Ethics Reports) should be in good, professional form with your full name appearing at the top each page of work submitted.


Rules/Laws:                          College policies on unethical behavior, absences and other issues apply to this class. Please consult the Official Catalog of NSCC for further information.

Communications:               All changes and other important announcements will be transmitted via ANGEL announcements feature.  Please visit the site regularly.


                                                Netiquette – When communicating and posting comments in ANGEL you are expected to show respect at all times. Think twice before putting in print anything you would not say and defend in person.  Avoid using offensive or attack language and give others the benefit of doubt if you feel offended. Most of your classmates have good intentions and are here to learn. Contact me immediately if you feel someone has violated netiquette.


Disabled Students:             NSCC has a long-standing policy on reasonable accommodation for students with disabilities. If you are eligible please contact student services for eligibility determination and necessary accommodations.


Conflict Resolution:           It’s rare that a single course design or an instructional style will meet the needs of all the students all the time.  If you feel a need to discuss issues you have in, or with the class please exercise professional respect and speak with me first to see if we can negotiate a resolution. Please refrain at all cost from discussing personal issues, including grades on the discussion boards and through “to all” emails


Respect for all:                    This class is open to all who wish to learn and share ideas. The class you are a part of values the wonderful diversity of people, culture and ideas represented.


We agree to show respect for each other at all times while in this class. Appropriate communication, language and mutual respect for each other will be the rule. No Exceptions


**Failure to have a compatible computer and software capable of opening course related documents and programs and/or ‘Library Access’ is not an acceptable excuse in this course.



ACCT201DL Fall 2010 – Financial Accounting I  

Class Schedule

Instructor: Ron Woods


Important Note:  This schedule is subject to change either at the class management discretions of the instructor or because of unforeseen events. Read the very important information following the schedule grid. Homework grading and assignments are farther explained. Also, read the syllabus for more detailed information on how you are assessed and graded in this course. If you have questions contact me within the first five days of the course. After 5 days, not understanding the schedule of assignments and due dates in not an acceptable excuse missed, late or incomplete assignments.






Assignments & Requirements

Due Dates:

Before 11:00pm


Sept 27-Oct 3

Chapter 1


DQ 5, 6, 7, 8 & 10






Oct 4-10


Ch 1 Activities

Chapter 1 activities continued






Oct 11-17

Chapter 2






Oct 18-24



Ch 2 Activities





Oct 25-31

Chapter 3






Nov 1-7


Ch 3 Activities





Nov 8-14



Chapter 4






Nov 15-21


Ch 4 Activities





Nov 22-28



Chapter 5




Nov 29-Dec 5



Ch 5 Activities






Dec 6-12

Chapter 6




Dec 13-16

Monday 12/13

Last day of class

All outstanding assignments due by 11:00pm Monday 12/13

12/13 is the last day of class Assignments due for Ch. 6

Dec 15 is

Your final exam day

Final Exam is timed so plan


Final Exam


Log on to ANGEL to take a timed final exam between 9am and 9pm

Available on ANGEL between 9am-9pm

Home Work Assignment Key


DQ:                   Discussion Questions

SE:                    Short Exercises

E:                      Exercises (Group A & B)

P:                      Problems (Group A & B)

EIA                    Ethics in Action

FA                     Financial Analysis

IA                     Industry Analysis

SBA                   Small Business Analysis

CP                    Comprehensive Problem


All homework and assignments are due on or before the due date and time listed above. You have on average two weeks per chapter to complete the assignments so plan accordingly as you will not be able to turn in late assignments. No exceptions



Note:    All regular home work assignments like problems and exercises, unless told otherwise, are to be completed and submitted in MyAccountingLab. Grading and feedback of these assignments is done through MyAccountingLab.


            Writing and communication assignments, like Discussion Questions, Ethics, Financial Analysis, Industry Analysis and Small Business Analysis are submitted via the ANGEL Drop Box feature found under the lessons Tab of this online course. Grading and feedback of these assignments is done by the instructor and communicated via ANGEL.


If you are near campus please plan to attend the Excel work shops conducted by the Accounting Tutors & Coaches if you need assistance using excel for accounting purposes. Also plan to visit the Accounting Tutors Lab if you need tutorial help in this class.



All quizzes are administered and taken via MyAccountingLab. They are also graded via the same. Please plan accordingly before logging on to take a quiz.




For examination purposes you are responsible for all materials assigned in this schedule even though we may not cover all the materials or have assignments reinforcing concepts in the book. Ask questions and seek clarifications in advance of exams if materials and concepts are not clear.

However, you can expect that about 85-90% of exams will reflect materials covered via homework and assignments.  The other 10-15% of the exams will come from your reading of the textbook and general understanding of accounting.


The Mid-term and Final exams are available on ANGEL. They are timed exams which mean that when you log on to take the exam you have a set time to finish the exam.  When made available, please read information related to the exams carefully and follow the instructions.


You can not reschedule to take these exams so plan your time accordingly.