ACCT 301 is Intermediate Financial Accounting I in Liberty's BS in Accounting. Its written work is four group forums and an 8 to 10-page research paper on an approved financial accounting topic; Connect homework and quizzes carry most of the points.
Liberty's catalog lists the course as ACCT 301 Intermediate Financial Accounting I, 3 credit hours; Canvas and the course guide file print it as ACCT301.
What ACCT 301 covers
The catalog description: This is an intensive course in accounting theory and practical application of that theory. The course includes theoretical framework, revenue recognition, and disclosures of accounting information. In addition the use of applied data analysis in the practice of accounting is included. Relevant differences and similarities of GAAP and IFRS are introduced.
The course is an intensive study of accounting theory and its practical application: the conceptual framework, revenue recognition and disclosure, applied data analysis in accounting, and the main differences and similarities between U.S. GAAP and IFRS. The text is Spiceland et al., Intermediate Accounting, chapters 1 to 11.
Connect homework (300 points) and four Connect quizzes (400) have no guide here. The research paper topic is submitted for approval in Week 2 (a zero-point step) and the paper is due in Week 7.
Textbook named in the published guide: Spiceland et al., Intermediate Accounting (2018). Check the current edition in your Canvas section.
ACCT 301 assignments, week by week
Every graded written assignment in the published guide has its own how-to guide below. Quizzes, exams, checklists and class introductions are left out because there is nothing to write.
| Week | Assignment | Points | Length |
|---|---|---|---|
| 1 | Group Discussion Board Forum 1 | 50 | Thread at least 500 words; reply at least 250 words |
| 3 | Group Discussion Board Forum 2 | 50 | Thread at least 500 words; reply at least 250 words |
| 5 | Group Discussion Board Forum 3 | 50 | Thread at least 500 words; reply at least 250 words |
| 7 | Group Discussion Board Forum 4 | 50 | Thread at least 500 words; reply at least 250 words |
| 7 | Research Paper | 100 | 8 to 10 pages, not including title and reference pages |
Week 1: Group Discussion Board Forum 1
A 500-word thread with 2 citations beyond the textbook (the Bible may be one) and a 250-word reply to one classmate. How to write ACCT 301 Week 1 Group Discussion Board Forum 1.
Week 3: Group Discussion Board Forum 2
The second group forum, with the same rules. How to write ACCT 301 Week 3 Group Discussion Board Forum 2.
Week 5: Group Discussion Board Forum 3
The third group forum, with the same rules. How to write ACCT 301 Week 5 Group Discussion Board Forum 3.
Week 7: Group Discussion Board Forum 4
The last group forum, with the same rules. How to write ACCT 301 Week 7 Group Discussion Board Forum 4.
Week 7: Research Paper
An 8 to 10-page research paper on an approved financial accounting topic, with at least 5 different scholarly sources. How to write ACCT 301 Week 7 Research Paper.
How ACCT 301 is graded
The published guide totals 1,010 points. The four group forums are 50 each (200) and the research paper 100. Connect homework is 300, Connect quizzes 400 and the checklist 10.
| Graded item | Points |
|---|---|
| Group Discussion Board Forums (4) | 200 |
| Research Paper | 100 |
| Connect Homework (8) | 300 |
| Connect Quizzes (4) | 400 |
| Course Requirements Checklist | 10 |
The published scale puts an A at 900 to 1010 points.
Week timing in the published guide: Each course module/week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final module/week ends at 11:59 p.m. (ET) on Friday.
How to approach ACCT 301
Choose a research topic you can support with at least 5 scholarly sources and that fits the course: ASC 606 revenue recognition, GAAP and IFRS convergence, the conceptual framework's qualitative characteristics, inventory methods (LIFO and IFRS) or earnings management. Submit it for approval in Week 2.
Forum threads need 2 citations beyond the textbook, and the Bible may be one of them.
Questions students ask
How long is the ACCT 301 research paper?
8 to 10 pages, not counting title and reference pages, in current APA with at least 5 different scholarly sources, on a topic approved by the instructor.
How long are ACCT 301 forum posts?
Threads at least 500 words with at least 2 citations other than the textbooks (the Bible may be one); a reply of at least 250 words to at least 1 classmate.
Working through ACCT 301 now?
Tell us the week and the assignment. A tutor who knows the course replies with a plan for the draft.