Overview Objective Materials grading Exam ELI Policies and Procedures Contacting the Instructor Beginning the Course
ACC 211: Principles of Accounting I - 3 Credits
Professor: Dr. Ed Banas, Jr., CPA

Overview

This course presents accounting principles and their application to various businesses. Covers income determination, asset valuation, and financial reporting. The course studies both service and merchandise operations including internal controls and analysis of financial statements. This course is designed to give the beginning business student a general understanding of the purpose of accounting, the capacity to perform basic accounting functions, and a working knowledge in financial statement preparation. 

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Objectives

 

If you do well in this course, you will be able to:

  • Analyze routine business transactions and events, record them in journals and ledgers, summarize recorded data, determine effects of internal value changes within the business enterprise, and prepare financial statements. 
  • Understand both accounting theory and practice which will prepare them for continued study in accounting or to acquire the ability to manage personal and career finances. 
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Materials

 

The required textbook for this course is:

  • Textbook Fundamental Accounting Principles, Volume I, 18th ed., by Larson, Wild and Chiappetta, 2007. Package includes FREE 2003 Krispy Kreme AR, TopicTackler CD, NetTutor, OLC with PowerWeb
  • Practice Set: Thunder Mountain Snowmobile
  • NOTE:  The textbook, working papers and practice set are sold together as a custom package.
  • Course Guide for ACC 211 (includes assignments, information on exams and other course details)

Optional:

  • Study Guide with Solutions, Volume I, 18th ed., by Larson, 2007

For information on how to order your textbooks, go to http://eli.nvcc.edu/books/ 

Additional Optional Materials

This course includes optional viewing of a series of video programs, which may be accessed in several ways.  For details, see the ELI Telecourse Broadcast Schedule.

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Grading
 

  Your course grade will be determined by the assignments and exams, according to the following points:

 

Assignment
Percentage of Grade

Introductory Letter
Unit I Chapters 1, and 2
Unit II Chapters 3, 4, and 5
Unit III Chapters 6, 7, and 8
Unit IV Computer Case
Unit V Chapters 9 and 10
Unit VI Chapters 11 and 12

5%
10%
10%
10%
10%
10%
10%

The total of these assignments is worth 65% of your final grade.

Exams
Exam 1
Exam 2
Exam 3
Final Exam

Percent of Final Grade
5%
10%
10%
10%

The total of these exams is worth 35% of your grade.

Grading Scale
A
90-100%
B
80-89%
C
70-79%
D
60-69%
F
Less than 60%
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Exams

 

NOTE:  For ACC 211, you must take all four exams and pass at least two of the four exams with a score of 60% or better and complete the Computer Practice Set in order to pass this course, regardless of how well you do on the other assignments.  You must also turn in all the homework assignments.  Please keep a personal record of all your grades so that you can compute your own course grade.

There are 4 proctored exams in this course. You are expected to take your examinations at one of the NVCC campus Testing Centers. Be sure to allow enough time to complete your exam before the Testing Center closes; Testing Centers have specific policies relating to the administration of ELI exams. You will need to take a photo ID, your NovaConnect empl ID number, and the appropriate Exam Pass when you go to the Testing Center.  

For Testing Center locations, hours of operation and policies, click here.

For information on taking exams outside of the metropolitan area, click here.

 

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ELI Policies and Procedures

 
This is an Extended Learning Institute (ELI) course. ELI courses differ from campus courses in several important ways, including enrollment dates, communication with faculty, assignment completion requirements, and exams. You must follow ELI's policies and procedures if you take this course. Read (or review) ELI's Policies and Procedures before you begin the course. If you have questions, call ELI at (703) 323-3347 or (888) 435-6822.
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Contacting the Instructor

 

Ed Banas I am here to help you succeed in this course. Occasionally questions or problems may arise. Here is how to contact me when they do:

E-mail : ebanas@nvcc.edu,
Telephone : (703) 878-5633
ELI: (703) 323-3347 during my ELI office hours

You may also call me to schedule a meeting in person, either at ELI or my campus office in Woodbridge. 

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Beginning the Course

 

1. Use your web browser to connect to http://www.nvcc.edu/bbstart. Follow the directions to determine your email, Blackboard and VIVA account user names and passwords.
2. Access your email account and make sure you know how to use it; you will be required to use this account for all course-related email.
3. Log on to Blackboard at http://learn.vccs.edu.
4. Click on this course under "My Courses." Review the entire course to make sure you understand what will be required of you. Then start completing the assignments.

Please note that account generation takes approximately one week from the time of your paid registration. If you cannot log on after one week, contact the IT Help Desk. If you can log on to Blackboard, but your course isn't listed, please contact ELI or your instructor.