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AC 420 Advanced Accounting I
Marlow, Sidney G.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.
CourseAC 420 Advanced Accounting I IN
SemesterF1J2005
FacultyMarlow, Sidney G.
Other Phone816-373-2484
E-MailSid.Marlow@park.edu
SGMJR2@hotmail.com
Semester DatesAugust 24, 2005 to October 12, 2005
Class Days---W---
Class Time5:30 - 9:50 PM
PerquisitesAC 320 and AC 325
Credit Hours3

Textbook:
Modern Advanced Accounting Ninth Edition  
Irwin McGraw Hill Publishing
Author: E. John Larson

Textbooks can be purchased though the MBS bookstore


Course Description:
Continuation of AC325. Selected topics in advanced financial accounting with emphasis on current accounting problems and pronouncements of the Financial Accounting Standards Board. Pre-requisites: AC325 and CS140 or equivalents.  3:0:3

Educational Philosophy:
The instructor's educational philosophy is one of interactive learningn based on lectures, problem solving, class participation, and examinations.

Learning Outcomes:

Learn accounting entries and GAAP requirements for accounting for partnerships, including the ability to compute and record partnership profits, and entries related to all phases of partnership accounting. Prepare a business plan and application for a bank loan.  Prepare Federal, State and city tax forms.  Reconcile bank statements, credit card statements and prepare invoices for a business.  Preapre working papers adn financial transactions for a business.

Course Assessment:
There will be two examinations, projects related to tax forms, business plan, and application for a bank loan, as well as reconciliations of bank statements, credit card statements, and invoices.

Grading:
Examinations Two of 100 points each, 3 projects of 50 points each.

Late Submission of Course Materials:
The instructor will not accept assignments after their due date, unless prior arrangements are made.

Classroom Rules of Conduct:
Will be fully delineated on the first day of class.

 Class ActivitiesAssignmentsTests
Meeting - 8/24/05Partnership accountingChapter 2 
Meeting - 8/31/05Partnership Liquidation and Incorporation, Joint VenturesChapter 3 
Meeting - 9/7/05Business Combinations and Foreign Currency TransactionsChapters 4 and 13 
Meeting - 9/14/05Review of Chapters 2,3,4 and 13 Midterm Examination
Meeting - 9/21/05Prepare a business plan and application for bank loan, Prepare Federal, state and city tax formsReview materials related to tax forms, Prepare forms 
Meeting - 9/28/05Reconcile Bank and Credit Card statements, Prepare invoices for a businessReview handout materials related to class activities, Prepare forms 
Meeting - 10/5/05Prepare working papers and Financial transactions for a businessReview handout materials related to class activities, Prepare forms 
Meeting - 10/12/05Review Materials from weeks 5, 6, and 7 Final Examination

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2005-2006 Undergraduate Catalog Page 85-87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2005-2006 Undergraduate Catalog Page 89

Disability Guidelines:

Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page:
http://www.park.edu/disability
 
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Copyright:
This material is copyright and can not be reused without author permission.