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North Seattle CollegeAccounting Department

ACCT110 Introduction to Accounting & Bookkeeping

SYLLABUS SPRING TERM 2017 – ONLINE COURSE

Instructor: Earl Sedlik, MBA earl@sedlik.com

Class Hours: Online course: April 3rd to JUNE 16th

Office Hours: For online courses, to be fair to all one-line students, we focus on online contact rather than office hours or personal meetings. Please use the Canvas system to contact the instructor.

Email: earl@sedlik.com______________________________________________________________________________________________________________________________________________________________

Welcome to Accounting 110! This course is an introduction to accounting and bookkeeping. In this course you will learn the accounting cycle for the sole proprietor, covering both service and merchandising businesses.This is a fully online course. No on campus meetings are scheduled.

Course Objectives Apply accounting concepts to financial transactions of a sole proprietorship. Apply basic bookkeeping procedures to record financial transactions. Prepare financial statements for a sole proprietorship. Employ cash control procedures, namely bank reconciliations, petty cash

management, and internal controls. Compute basic payroll taxes and record payroll. Interact effectively with individuals and in groups. Use basic computer skills to learn accounting, communicate, and locate

educational resources.Class DesignThis course is designed to guide you through the necessary coursework and study materials to meet the course objectives, with a variety of opportunities to practice to develop mastery.

YOU MUST COMPLETE ONE ONLINE MODULE PER WEEK. Typically, each Module includes a Homework Assignment, a Quiz, and a required Discussion Forum. You are expected to apply the SQ3R studying method to read and review the weekly assignment (one or two chapters) before completing the Homework and then the Quiz. There are two EXAMS (Mid-term and Final) to cover the current material.

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Textbook and Course MaterialsTextbook

C o l l e g e A c c o u n t i n g , 22nd Edition, by James A. Heintz and Robert W. Parry, with Access Code to CengageNow. Provided in printed version or as a Digital (e-text) version. If you prefer a printed version, the textbook and “Access Code” are available as a package at the N o r t h S e a t t l e C o l l e g e B o o k s t o re . The authorized textbook is in a loose-leaf format in order to provide you with cost savings. You will need a binder in which to keep your textbook. If you prefer a digital online version of the textbook, a link will be provided to you in the class orientation*, in Canvas.

To purchase the textbook and the “Access Code”, the North Seattle College Bookstore provides the following options:

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Using the “ACCESS CODE” for the CengageNow (CNOW) Learning Management System (LMS)You will receive an “Access Code” with your textbook purchase. This “Access Code” provides enrollment for the CengageNow (CNOW) Learning Management System (LMS) specifically affiliated with this course, which you will use to complete your Homework, Quizzes, and Exams. CNOW contains many study tools such as practice quizzes, crossword puzzles, flash cards, and videos, found in the “Study Tools” section. Effective learning happens when you use t h e s e t o o ls .

CNOW enables you to complete homework, quizzes, and exams. You will register for CNOW through Canvas. While registering, you’ll have three choices:

1. Don’t pay now – you will sign up for a free trial. If you register for the free trial, you can complete assignments as you normally would, but, remember, you m u s t purchase and e n t e r an “A c c e s s Co d e” before the trail period expires at t h e e n d o f t h e second w e e k .

2. Enter your “Access Code“ that you purchased when you purchased the textbook.

3. Buy an e-Textbook that comes with an “Access Code” that you will use for registration.

Important!! D o n o t r e g i s t er for CengageNow as instructed on the access code insert that comes with your textbook. You must register for CengageNow through Canvas because the CNOW activities are linked through and integrated into Canvas.

To begin this course your must: 1. Open the Canvas shell for this course:

Login to Canvas, h tt p s : / / c a n v a s . n o rt h s e att le . e d u , using your student ID and the first six letters of your last name, as instructed at the bottom of the login page on the website. Once you’re logged on, click on Accounting 110. Follow the directions to apply your “Access Code“

2. Activate and follow the first Module entitled: GETTING STARTED WITH CENGAGE HOMEWORK

* This CLASS ORIENTATION Module will orient you to important methods that allow you to participate in this course. You cannot participate in this course until you watch the Video and understand the system.

To participate in this course you must:1. Use either Firefox or Chrome as your Browser. Do not try to use any other

browser.

2. Configure your browser to “accept pop-ups” when you use Canvas and Cengage Now.

3. Complete a “SYSTEMS CHECK” Once you have entered the CNOW you must evoke the “SYSTEM CHECK” name to activate the “system checking routine” that will

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confirm that your computer system has the speed and capacity to accommodate online learning.

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Other Required Course Materials

Computer AccessYou will need to access and use a computer to complete some assignments. Computers are available for student use in the A c c o u n t i n g & B u s i n e s s L e a r n i n g C e n t e r , the O p e n C o m p u t e r L ab , and the N o r t h S e at t le C o l le g e L ib r ar y . You are expected to make use of school computers if you don’t have an appropriate personal computer.To log in to school computers, you need a NetID. You can obtain a NetID in the ComputerLab, located in room IB3303.

Reliable Internet Access

Many assignments will be completed online, in which reliable internet access is needed. All school computers have reliable internet access.

By enrolling in an online course, you have acknowledged the fact that a computer with reliable internet access is required. Therefore, late submissions due to your not having access to a computer or the internet will not be excused. If you don’t have access at home, you’re expected to use the resources at the school or some other facility, and be mindful of the operating hours of these locations.CalculatorYou will need a basic calculator to perform addition, subtraction, multiplication, and division. You may use your cellphone calculator.

Canvas: the classroomCanvas is an online website that enables you to access assignment details, grades, course materials, and submit assignments. Canvas is the classroom. Login to Canvas, h tt p s : / / c a n v a s . n o rt h s e att le . e d u , using your student ID and the first six letters of your last name, as instructed at the bottom of the login page on the website. Once you’re logged on, click on Accounting 110. You are expected to log into the online course regularly and be attentive of announcements. It’syour responsibility to be aware of what is happening in the class online.If this is your first online course, please consider completing the N o r t h S e at t le C o l l e g e C a n v a s O r i e n tat i o n . If you’re having trouble getting started with Canvas, it’s crucial you contact the instructor or the e - L e a r n i n g o ff i c e .

Please employ “inbox” system in Canvas to communicate to your instructor.

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Coursework DetailsReading: You are expected to apply SQ3R “Studying for Retention” techniques The textbook provides explanations and examples, which should be reviewed carefully. Be sure to read and review the material section-by-section – using the SQ3R method. No one can master accounting concepts with one cursory reading of the material – you must SURVEY, QUESTION, READ, RECITE, AND REVIEW each section. You must Preview & Question each exhibit and example BEFORE YOUR READ THE SECTION. This enables your brain to retain the material as you work through the examples presented as you Read and Recite (write your notes) as you focus on each section. Focus on these new studying tools to maximize your retention and understanding. Others might waste their time and effort by just reading the book in their old habits of studying. You need to employ the SQ3R approach in this course.

You must complete the Discussion Forum in the FIRST WEEK MODULE – WEEK ONE ASSIGNMENTS in which you will review a Narrative and a PowerPoint Presentation entitled STUDYING FOR RETENTION – SQ3R. This important activity will orient you to the importance of SQ3R as a studying method – perfectly suited to this course and this textbook.HomeworkAll the Homework must be completed online in CengageNow (CNOW).

Each homework assignment is worth 10 points, which will be awarded if the assignment is complete and demonstrates a good effort was made to complete it, regardless of accuracy. The Homework is graded on a “PASS/FAIL” basis.

“Good effort” is demonstrated by showing computational work and presenting financial transactions, tables, forms, and reports in a manner similar to that presented in the textbook and covered in class. Attention to detail and professionalism are expected of accountantsand bookkeepers in the workplace, and thus will be expected of students in the completion of coursework.Late Policy: Homework must be completed before you can access the Quiz in CNOW. The Quizzes are subject to deductions for being completed after their Due Date.Online Homework in CengageNowOnline, interactive homework is completed in CengageNow. You may re-work and re- submit online homework as many times as you like. Each online homework assignment is worth 10 points, which will be awarded if good effort was made to complete it. Good effort to complete is defined as completing at least half of the assigned problems in the homework set, although all assigned problems are recommended.

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Class ParticipationClass Participation - DiscussionIf you were in a face-to-face class, in a traditional classroom, you would have the opportunity to talk with your classmates, share experience, and ask questions. Although asynchronous, you will interact with your classmates in a similar manner through Canvas discussion. The discussion assignment consists of two parts:

Part 1 in which you post your original response to the Discuss Forum topic one, and Part 2 in which you comment on at least two others’ original postings

Each part is worth 5 points, for a total of 10 points. You will be awarded full credit if your posts and responses demonstrate you put thought into it and contribute to the class in some way.

You must apply “Netiquette” when participating in the Canvas Discussion Forum:

PARTICIPATE IN WEEKLY MANDATORY GRADED-DISCUSSIONS IN CANVAS to highlight the Learning Objectives each week’s chapter. Each student is expected to:

Post one initial comment by Wednesday of the scheduled week, and Then to comment on at least two others’ postings within the week.

The Quality of Discussion participation accounts for 10% of your Overall grade. Students are graded on quality reflected by insight and extension of the discussion. Unresponsive or tardy posting will result in grading deductions. Students must reflect proper “Netiquette”.

Apply “Netiquette” when participating in Canvas Discussion ForumsThroughout these courses, you will need to participate in a Discussion Forum within the course’s Canvas shell. Each Discussion posting is subject to be graded for quality (not quantity). Your comments should:

o Elaborate on your thoughts (not just “they should promote the product’, but… describe “how”)

o Advance the concept (not just “I agree”) Apply this approach: “I agree, AND here’s more about this…”

o Show respect for otherso Focus on a purposeful intent o Share personal and original thoughts (not “cut & pasted” from another source)o Encourage others to add their insightso Follow the commonly-endorsed academic “netiquette” guidelines:

http://www.studygs.net/netiquette.htm

Late Policy: The discussion covers the content of the current week, so you must participate in discussion as it is happening. You cannot make up discussion participation.

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Quiz AssessmentsQuizzes will assess your understanding of concepts and vocabulary. Quizzes are completed online in CNOW, and consist of multiple choice, true/false statements, and short answer questions. Quizzes are to be completed independently, which means you are not to seek the help of friends, family, or tutors while completing a quiz.

Late Policy: Late quizzes receive a point penalty equal to the value of the manually graded problem (usually 4 – 6 points). In other words, I set aside time to grade the class’s quizzes, and if your quiz is not completed at that time, it will not be graded. (exception: students experiencing extenuating circumstances may email the Instructor in Canvas before the due date to discuss options).

Exam AssessmentsTwo exams will assess your understanding of the fundamental concepts covered in the course at a more in-depth level than the quizzes. Exams are completed online in CNOW. You may use your textbook, notes, and a calculator while taking an exam. Exams are to be completed independently, which means you are not to seek the help of friends, family or tutors while completing an exam.

Late Policy: Late exams receive a point penalty equal to the value of the manually graded problems (half of the exam!). Once I have graded the class’s exams, I won’t return to them to grade late submissions. (exception: students experiencing extenuating circumstances may email me in Canvas before the due date to discuss options).

Re-grading Policy: Sorry, no re-grading on the exams. You should take advantage of learning from the reading and the videos, completing homework, and quiz re-grading to master the material, and then demonstrate that mastery on the exams.

Time CommitmentA typical quarter is 11 weeks, requiring on average 15 hours per week of study for a 5-credit course. Schedule your time wisely to complete the coursework by the deadlines. Be aware that students who fall behind often are not able to catch up.

Due DatesEach week will cover 1 – 2 chapters. All assignments, are d u e o n t h e S u n d ay o f t h at w e e k . This is to allow you the greatest flexibility possible, but do not wait until Sunday to complete all the assignments in one day. No submissions will be accepted after the last day of the quarter, June 16th.

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GradesActivity and Assessment Grading

Activities requiring answers to multiple choice questions or true/false are graded as either correct or incorrect. Activities requiring a written answer or an accounting procedure, including those on quizzes and exams, are graded using a rubric. A rubric describes expectations for the assignment and points awarded for meeting those expectations. It’s your responsibility to be aware of the assignment expectations and submission details,.

Final Course GradeThe types of activities and assessments are weighted. Although assignments are graded using points, according to a rubric, your final course grade is not based on accumulation of a quantity of points. For example, one point on a midterm exam counts more towards your final grade than one point on a chapter quiz because exams are worth 40% of your final grade, whereas chapter quizzes are worth 30%. You can always find your current grade in the Canvas gradebook.

A minimum percentage of 67% is needed to pass the class and receive credit for the course.

Assignment % of Final Grade

Class Participation (in CANVAS) 10%

Homework (in CNOW) 30%

Quizzes (in CNOW) 30%

Exams (in CNOW) 30%

Total 100%

Getting HelpT

utorsYou can get help from tutors on campus, in the Accounting & Business LearningCenter. Tutor hours from quarter to quarter vary, so check the s c h e d u l e first.The Accounting & Business Learning Center is located inside the Student Learning Center, in the HSSR building on campus.Please note that accounting tutors are students just like you, who’ve done well in this class and want to help you succeed. But they are not teachers or experts. When in the Student Learning Center, you are expected to treat tutors with respect and kindness, even if the tutor is unable to help you to the extent you wish.

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Academic Collaboration and IntegrityYou are encouraged to collaborate with fellow students while completing learning activities, but may not collaborate on quizzes or exams. Collaboration on quizzes or exams is considered cheating.All written answers must be in the student's own words. Using the words of others - the textbook author, friends, family, tutors - is considered plagiarism.Cheating and plagiarism are in violation of North Seattle College’s Code of Conduct and the accounting profession’s Professional Code of Conduct. Any student caught violating this code of conduct by cheating or plagiarizing will earn a zero for that assignment, and may be subject to further disciplinary action according to the N o r t h S e at t le C o l l e g e S tu d e n t H a n d b o o k .North Seattle College Title IX StatementSeattle College District has a zero-tolerance policy on sexual harassment, discrimination, sexual violence, rape, bullying, or hazing. Please see District Policy and Procedure 419 for our process on investigating and responding to reports of sexual harassment and sexual discrimination. If you have experienced sexual harassment or discrimination, sexual violence, or bullying, or are aware of an incident involving these violations, report it immediately to NSC’s Title IX Coordinator (Marty Logan at 206-934-7792, m art y . lo g a n @ s e at t l e co l l e g e s . e d u ) or to the District Compliance Officer (Jennie Chen at 206-934-3873, j en n i e . c h en @ s e a t t l e c o l le g e s . e d u ). All Seattle College faculty are required by the District to report incidents of sexual misconduct to the Title IX Coordinator.Special AccommodationsStudents who have a documented disability that impacts their academic performance may be eligible for services through D i s a bil i ty S e r v i c e s . Students are responsible for self-disclosing their disability to the disability services office, and for providing documentation in order to determine eligibility. Academic accommodations can be provided if the adjustments are determined to be reasonable and appropriate, by the disability services office, for the student’s specific disability and its impact. The disability office then informs me of accommodations to be made.

If you have a disability that you have not disclosed to disability services, physical or invisible, but you would like to let me know about it, please email me in Canvas. Instructors can't offer you special accommodations without notification from the disability services office, but may be able to guide you through learning activities in a way that works better for you.

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GENERAL ISSUES:

Dropping the class: If you decide to drop the class, you must officially drop the class with the NSC Registrar’s Office.

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

Communications: All changes and other important announcements will be transmitted via e-mail or Canvas.

Respect for all:This class is open to all who wish to learn and share ideas. The instructors, and all class members, value the wonderful diversity of people, culture, and ideas we represent. We agree to show respect for each other at all times while in this class and interacting in the on-line forums.

Have a great quarter!

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INSTRUCTOR BIOGRAPHY – EARL SEDLIK

A Profile in Effective Operational Management and Educational Leadership

Earl Sedlik is a marketing management and strategic development resource with broad operational skills and a record of innovative performance across many industries. He is particularly suited to address concerns in market segmentation, strategic initiative in a competitive environment, and new product development. As the principal of The Sedlik Group, he has been serving high-tech, higher education colleges, and retail marketing challenges since 1980. Sedlik combines a rare blend of technological savvy with direct operational leadership.

High-Tech Operational Role

Sedlik brings a recognized record of effectiveness as an operational manager with noted strengths in marketing and sales responsibilities for high tech enterprises. His career has been particularly focused on product development, effective operational entrepreneurship, and marketing launch functions. As the principal of The Sedlik Group for over 30 years, Sedlik leads by crafting a clear sense of focus on the target market segment and the mission to meet their needs. He acts as a change agent to energize the efforts with constructive direction.

Impact in Many Industries

The Sedlik Group client list includes a broad range of companies facing the pressures of change from growth or competition. For example, Sedlik’s clients are active in software development, on-line e-learning delivery, on-line incentive management, software publishing & distribution, banking, restaurants, international trade of high tech products, kitchen appliances, retail distribution, cable TV development, television advertising, advertising agency operations, professional services, secondary education, for-profit urgent care center development, medical clinical trials, lottery operations and marketing, non-profit housing development, higher education, and commercial real estate development. Sedlik normally functions as a key operating executive within the executive team structure – often responsible for operations, sales, and/or marketing.

Educational Services Leader

Earl Sedlik established an educational and training enterprise named Business Education for International Economic Development, BEIED, www.BEIED.com, to

serve corporations and academic institutions by developing and delivering educational and professional development curricula elevate individual competencies. BEIED addresses specific curriculum development and faculty recruitment for MBA-level education opportunities in China and Eastern Europe. In 2004, BEIED presented well-received business management seminars to a broad cross-section of innovative managers under the co-sponsorship of the American Chamber of Commerce in Bulgaria in Sofia. BEIED continues to serve the managerial training needs within the Bulgarian economy.

Sedlik sustains a recognized leadership role in e-learning innovations and continues to provide personal consulting services within selected industries. He earned permanent senior faculty status at DeVry’s Keller Graduate School of Management MBA program, where he taught marketing, economics, new product development, global human resource management, management of diversity, and international business. Sedlik served on the University of Washington School of Sociology Advisory Board and on the Technical Advisory Committee of the Accounting Department at North Seattle Community College. At the turn of the century, Sedlik served as the Executive Director of Seattle’s Pratt Fine Arts Center addressing organizational structural and financial issues so as to stabilize this organization. Earl prepared this premiere 30-year old educational art institution, of over 300 artists serving over 3,000 annual enrollments, to sustain its operating efficiencies into the next 30 years.

COO in Education

After a twenty–year adjunct affiliation with Seattle-based City University, Sedlik was elevated to the position of Senior VP and Chief Operating Officer of the Shepherd Group, CU’s management firm. Sedlik had served as CU’s MBA Program Director, where he coordinated an internationally renowned endeavor to bring quality business education around the world. As the COO, Sedlik spearheaded the development of subsidiaries directly involved in providing a full range of state-of-the-art educational services to institutions of higher learning.

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Inheriting a corporate trauma, Sedlik led a negotiating team toward a successful resolution of a strategic separation through which Shepherd and City University terminated their management contract thereby transforming Shepherd into a real estate holding company.

Rensselaer EngineerHarvard MBADedicated to Education

Earl Sedlik, a graduate of Rensselaer Polytechnic Institute and The Harvard Graduate School of Business Administration, is a noted author and teacher at the MBA level in the fields of marketing, high tech marketing, international business, global human resource management, and business strategy development. Sedlik received City University's (Bellevue, WA) inaugural award for Distinguished Teaching and launched special MBA programs in Germany, Romania, and Bulgaria. Sedlik earned Senior Faculty status at DeVry University’s Keller Graduate School of Management MBA Program, where he taught from 2000 to 2014, when the Northwest Regional operation closed.

Earl currently holds Part-Time Priority Status in the Accounting Department at North Seattle College. He teaches all the Accounting Principles courses at all the Seattle Colleges – North, Central, and South. In addition, Sedlik teaches courses in Non-Profit Management and Small Business Entrepreneurship. In 2065, Earl co-launched a new Entrepreneurship Program course series at Western Washington University’s Olympic Peninsula campus in Poulsbo, Washington.

Outstanding Civic Record

He is quite active in community affairs as the past-president of several civic associations. As a candidate for Seattle City Council in both 1991 and 1996, he won strong endorsements from The Seattle Times and a rare first time and continued “Outstanding” rating from the Seattle Municipal League. Sedlik served two terms on the Seattle Park Board of Commissioners where he was

the Chair of the Naming Committee and an active representative on the Arboretum Foundation Board. Earl has formally advised several mayors with distinction on such issues as historic preservation and rehabilitation (Pioneer Square), housing development (funding for non-profit endeavors, and transportation (the Citizens Advisory Board on the I-90 Freeway).

In 2015, Earl completed 12 years of service as the Finance Committee Chair Board Member at Full Life Care, a Washington state and national leader in adult day health services, home care, and other support services for the elderly.

Since 2008, Sedlik continues his role as Board President at Seattle’s Regional Hospital, a recognized national leader in the long-term acute care hospital (LTACH) sector - serving the complex and intensive care overload needs of the region. He led Regional Hospital through a series of precarious financial and organizational traumas into a successful long-term affiliation with the Franciscan Health Services.

Sedlik Family Snapshot

Earl is a native New Yorker who grew up in Miami, Florida and moved to the Pacific Northwest in 1964 to develop computer software. He met his spouse, Charyl Kay Tyndell, in Seattle and returned East to attend Harvard. The Sedliks moved to Connecticut and began their family as Earl and two Harvard classmates launched a fast food restaurant chain. As adoptive parents of an African-American, the Sedliks began a life-long dedication to trans-racial adoption and encouragement of adoption. With a commitment to raise their family in Seattle, the Sedliks returned there in 1974. Their adult children, Molly and Adam, live in the Seattle area pursuing careers in social services and non-profit causes. Charyl Kay Sedlik recently culminated a 38-year medical career as a Senior Executive sales representative for Merck pharmaceuticals. The Sedliks are avid supporters of women’s basketball, and enjoy international travel, gourmet cooking, live-theater, the arts, and their grandchildren.

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STUDENT PROFILE FORMACCT110 SPRING 2017

Earn three Bonus Points right away.Please complete this form, save it as a separate WORD document entitled “ACCT110 SPRING 2017 PROFILE NAME” (where NAME is your last name), and post it as a response in Canvas.NAME _______________________________________

NICKNAME _________________________________

E-MAIL ADDRESS ____________________________

PROFILE (Check off the ones that apply & fill in the blanks)

____ English is my first language____ English is my second language

My Native language is____________________

_____I have lived in the Seattle region for less than 2 years_____I have lived in the Seattle region for more than 2 years

THIS IS HOW I DESCRIBE MY EDUCATIONAL OBJECTIVE: Consider Obtaining Bachelor Degree in Accounting Obtaining Bachelor Degree in something other than Accounting Other Educational Objective

My Educational Objective is ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ACCOUNTING FAMILIARITY (check those that apply)____ I have passed these other ACCOUNTING COURSES _______________________________________________ This is my first ACCOUNTING COURSE ___________________________________________

SKILL SET (check those that apply)____ I am familiar with equations. ____ I can use an electronic calculator. ____ I can use Excel Worksheets (essential for this course).____ I am familiar with: Income Statements. ____ Balance Sheets. ____ Cash Flow Statements.____ I am familiar with: Stocks & Bonds. ____ Financial Ratios. ____ Time Value of Money (discounted cash flow).____ I understand the importance of doing my homework.

CURRENT SITUATION____ I am a full-time student. ____ I am a part-time student. ____ I am taking ____ other course(s) this term: List of courses________________________________________________ This is my only course this term.____ I have a part-time job. This is my work schedule _________________.____ I have a full-time job. This is my work schedule _________________.

PERSONAL SITUATION____ My career objectives include a position in business administration. ____ I intend to work in my family’s business after I complete my education.____ I am studying Accounting to apply these skills in a current position.____ I am studying Accounting to earn an undergraduate credit towards my degree.____ I am studying Accounting because I am determined to earn my CPA designation.____ My objective is to return to my native land and apply my education.____ My objective is to follow a career in _________________.

Please understand these things about me:

1.

2.

3.

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