Principles of Accounting I


  2. A. Course Title: Principles of Accounting I
    B. Course Number: AC 114 - 30191
    C. Semester: Fall 2018
    D. Days/Time: Online
    E. Credit Hours: 4
    F. Instructor: Brister, Luke
    G. Office: C.M. Burke University Center (UC) 231
    H. Email Address:
    I. Office Phone: (575) 492-2657
    J. Office Hours: Monday: 8:00:00 AM-9:00:00 AM (MST);11:15:00 AM-1:00:00 PM (MST);5:00:00 PM-6:00:00 PM (MST);
    Wednesday: 8:00:00 AM-9:00:00 AM (MST);11:15:00 AM-1:00:00 PM (MST);5:00:00 PM-6:00:00 PM (MST);
    Friday: 8:00:00 AM-9:00:00 AM (MST);11:15:00 AM-1:00:00 PM (MST);
    Other hours available by request.
    K. Time Zone: Mountain Time
    L. Prerequisite(s):
    M. Corequisite(s):
    N. Class Location: Virtual

    This course is designed to introduce double-entry accounting applicable to a sole proprietorship business. Included in the course content will be theory, analysis of business transactions, financial statements, the accounting cycle, and systems. This is a four credit hour course.


    Principles of Accounting I is the first college level accounting a student will take. We will be covering Financial Accounting concepts. Principles of Accounting I has been articulated in New Mexico and should transfer to all New Mexico schools. There is no guarantee of transferability and the student is advised to check with the receiving institution if they intend to transfer to another institution.



    Accounting 27th Edition, Warren/Reeve/Duchac Loose-leaf bundle including CNOWv2 ISBN 9781337592826

    Chic Events by Jada Practice Set ISBN 9781337272483


    You can buy your books online at the NMJC Bookstore.


    Students attending New Mexico Junior College will be evaluated according to the following grading scale:

    						90 - 100%	=	A
    						80 -  89%	=	B
    						70 -  79%	=	C
    						60 -  69%	=	D
    					 	 0 -  59%	=	F

    The final grades will be calculated as follows:

    Homework 25%
    Chapter Introduction assignments 10%
    Unit tests 25%
    Practice Set 25%
    Spreadsheet assignments 10%.
    Module zero completion 5%

    Homework, spreadsheet, and introduction assignments will be accepted with a late penalty of 10% for the first week and an additional 10% for each week after the first. Late practice set and exam assignments will not be accepted.

    Retrieving Grades from T-BirdWeb Portal
    Go to the New Mexico Junior College T-BirdWeb Portal login page. Please enter your User Identification Number (ID), which is your Banner ID, and your Personal Identification Number (PIN). When finished, click Login.

    Tips for Success in Online Courses:
    1. Log in to class regularly.
    2. Pay attention.
    3. Take notes.
    4. Keep up with readings and assignments.
    5. Ask questions when you do not understand something.
    6. Utilize your professor’s office hours and e-mail.
    7. Read the text.
    8. Adhere to the deadlines posted in the course outline.


    New Mexico Junior College’s institutional student learning outcomes represent the knowledge and abilities developed by students attending New Mexico Junior College. Upon completion students should achieve the following learning outcomes along with specific curriculum outcomes for respective areas of study:


    Students in the Business/Computer Science Departments should be able to:
    1) Demonstrate an understanding of industry specific ethics (self & community),
    2) Prepare and interpret documents,
    3) Interpret and characterize data appropriate to the course (critical thinking),
    4) Demonstrate computer skills appropriate to the course, and
    5) Demonstrate the value of professionalism in the workplace.


    By the end of this course, students should be able to:
    1. Analyze business transactions, their effects on the financial statements and the interrelationships of the
    financial statements involving the following:
    a. Cash transactions
    b. Receivables and Net Realizable Value
    c. Operational Assets and Depreciation
    d. Inventory
    e. Current Liabilities
    f. Long-term Liabilities
    2. Define, identify and demonstrate the impact of adjusting entries on financial statements.
    3. Explain and demonstrate the differences between cash and accrual basis accounting.
    4. Define and identify generally accepted accounting principles.
    5. Analyze equity ownership transactions and their effect on the financial statements.


    Student Requirements
    If you have not already received login information for Canvas/T-BirdWeb Portal/E-mail, you will need to contact the Enrollment Management office at (575) 492-2546.

    Check first-time login page for instructions at

    Canvas Assistance

    You must have access, on a regular basis, to a computer that supports the Canvas minimum specifications and has an active connection to the Internet. See the minimum computer specification requirements at


    Students will be held responsible for the information on these pages.

    Academic Honesty
    Each student is expected to maintain the highest standards of honesty and integrity in online academic and professional matters. The College reserves the right to take disciplinary action, up to and including dismissal, against any student who is found guilty of academic dishonesty or otherwise fails to meet these standards. Academic dishonesty includes, but is not limited to, dishonesty in quizzes, tests, or assignments; claiming credit for work not done or done by others; and nondisclosure or misrepresentation in filling out applications or other College records. Cheating or gaining illegal information for any type of graded work is considered dishonest and will be dealt with accordingly.

    Americans with Disabilities Act (ADA) Information
    Any student requiring special accommodations should contact the Special Needs Student Services Coordinator at (575) 492-2576 or by e-mail at

    Attendance Policy and Participation Expectations
    It is expected that you regularly log into class at least three times weekly and check your Canvas mail to ensure you have not missed any changes/updates. Students are expected to complete discussions/quizzes/tests/ assignments before deadlines expire.

    Canvas Help
    If you experience difficulty with Canvas you may reach the Canvas Helpdesk at, or by calling the 24 hour helpdesk phone at (575) 399-2199.

    The professor is responsible for monitoring and evaluating student conduct and student behavior within the Canvas course. By registering for this class, the student is assumed to have entered into an agreement with New Mexico Junior College and the professor to log into the class regularly and to behave in an appropriate manner at all times. Disruptive behavior may result in the student being removed from the class and dropped for the semester. For comprehensive information on the common rules of netiquette and other online issues, please review the NMJC Online Student Handbook.

    Online Learning Environment
    By participating in an online class, you undertake responsibility for your own progress and time management.

    Offering the work of another as one’s own, without proper acknowledgment, is plagiarism; therefore, any student who fails to give credit for quotations or essentially identical expression of material taken from books, encyclopedias, magazines and other reference works, or from the themes, reports, or other writings of a fellow student, is guilty of plagiarism. Plagiarism violates the academic honesty policy and is considered cheating.

    Tutoring Assistance
    Free tutoring services are available to all NMJC students through Brainfuse and the Academic Success Center located at the Pannell Library on the 1st floor.

    Withdrawal Policy
    The instructor has the right to drop any student who has failed to log on to Canvas for two weeks or more, but it is not guaranteed that the instructor will drop you. If the student chooses to stop attending a class, he/she should withdraw from the class by accessing your student account in the T-Bird Web Portal at, or submitting the required paperwork to the Registrar’s Office by 5:00 p.m. on Tuesday, November 20, 2018. Failure to withdraw yourself from a course by this date may result in your receiving an “F” in the course. All students are encouraged to discuss their class status with the professor prior to withdrawing from the class.

    Date Assignment Due
    Sun Aug 27, 2017 Introduction Discussion due by 11:59pm
    Sun Aug 26, 2018 Chapter 1 Chapter Introduction due by 11:55pm
    Monopoly  due by 11:55pm
    Academic Honesty due by 11:59pm
    Contact information due by 11:59pm
    Ethics Quiz due by 11:59pm
    Professionalism Quiz due by 11:59pm
    Sign up for course due by 11:59pm
    Student Profile due by 11:59pm
    Syllabus Quiz  due by 11:59pm
    Sun Sep 2, 2018 Chapter 1 Homework due by 11:55pm
    Chapter 2 Chapter Introduction due by 11:55pm
    Sun Sep 9, 2018 Chapter 2 Homework due by 11:55pm
    Chapter 3 Chapter Introduction due by 11:55pm
    Sun Sep 16, 2018 Chapter 3 Homework due by 11:55pm
    Chapter 4 Chapter Introduction due by 11:55pm
    Module 1 Exam Chapters 1 & 2 due by 11:55pm
    Sun Sep 23, 2018 Chapter 4 Homework due by 11:55pm
    Chapter 5 Chapter Introduction due by 11:55pm
    Sun Sep 30, 2018 Chapter 5 Homework due by 11:55pm
    Chapter 6 Chapter Introduction due by 11:55pm
    Module 2 Exam Chapters 3 & 4 due by 11:55pm
    Sun Oct 7, 2018 Chapter 6 Homework due by 11:55pm
    Chapter 7 Chapter Introduction due by 11:55pm
    Chapter 6 Spreadsheets: Accounting for Merchandising Business  due by 11:59pm
    Monopoly Part 2 due by 11:59pm
    Sun Oct 14, 2018 Chapter 7 Homework due by 11:55pm
    Chapter 8 Chapter Introduction due by 11:55pm
    Module 3 Exam Chapters 5 & 6 due by 11:55pm
    Chapter 7 Spreadsheets: Inventories due by 11:59pm
    Sun Oct 21, 2018 Chapter 8 Homework due by 11:55pm
    Chapter 9 Chapter Introduction due by 11:55pm
    Sun Oct 28, 2018 Chapter 10 Chapter Introduction due by 11:55pm
    Chapter 9 Homework due by 11:55pm
    Chapter 9 Spreadsheets: Receivables  due by 11:59pm
    Sun Nov 4, 2018 Chapter 10 Homework due by 11:55pm
    Chapter 11 Chapter Introduction due by 11:55pm
    Chapter 10 Spreadsheets: Fixed Assets and Intangible Assets  due by 11:59pm
    Module 4 Exam Chapters 7, 8, & 9 due by 11:59pm
    Sun Nov 11, 2018 Chapter 11 Homework due by 11:55pm
    Chapter 12 Chapter Introduction due by 11:55pm
    Chapter 11 Spreadsheets: Current Liabilities and Payroll due by 11:59pm
    Mon Nov 12, 2018 Stuff a truck due by 11:59pm
    Sun Nov 25, 2018 Chapter 12 Homework due by 11:55pm
    Chapter 13 Chapter Introduction due by 11:55pm
    Module 5 Exam Chapters 10 & 11 due by 11:55pm
    Sun Dec 2, 2018 Chapter 13 Homework due by 11:55pm
    Chapter 13 Spreadsheets: Corporations: Organization, Stock Transactions, and Dividends  due by 11:59pm
    Sun Dec 9, 2018 Module 6 Exam Chapters 12 & 13 due by 11:55pm
    Chic Events due by 11:59pm
    Tue Dec 11, 2018 Final Exam due by 1:50pm