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AC 325 Intermediate Accounting II
Corwin, Theodore


AC 320

Intermediate Accounting II

Park University, Camp Pendleton Campus

 

             

 

COURSE SYMBOL AND NUMBER:           AC 325

 

 

 

COURSE DESCRIPTON:  A study of the theoretical and technical basis of current accounting practice. Course includes basic theory, analysis of financial statements, and accounting changes. Emphasis is on compliance with generally accepted accounting principles (GAAP) as they apply to business problems.

Prerequisites: AC 202, CS 140

 

 

 

COURSE TITLE: Intermediate Accounting II

             

 

 

SEMESTER/TERM COURSE BEING TAUGHT  Fall I, 2005, F1E05

 

NAME OF FACULTY MEMBER: Theodore Corwin

 

 

TITLE OF FACULTY MEMBER:  Senior Professor

 

FACULTY OFFICE LOCATION: N/A use e-mail 24/7 Theodore.Corwin@park.edu

 

FACULTY OFFICE HOURS: Open

 

 

FACULTY OFFICE TELEPHONE NUMBER: 760-966-1065

 

 

FACULTY PARK EMAIL ADDRESS: Theodore.Corwin@park.edu

 

OTHER FACULTY EMAIL ADDRESS: scapo@cox.net

 

 

FACULTY WEB PAGE ADDRESS: N/A

 

 

DATES OF THE SEMESTER/TERM: August  22nd--Oct 16th, 2005

 

CLASS SESSIONS DAYS: Monday/Wednesdays  4:45-7:15

 

 

CLASS SESSION TIME: Monday/Wednesdays 4:45-7:15

 

 

PREREQUISITE (S):            AC 320

 

 

CREDIT HOURS:  3 units

 

 

 
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.

 

 

 

                                     

COURSE DESCRIPTION: : A study of the theoretical and technical basis of current accounting practice. Course includes basic theory, analysis of financial statements, and accounting changes. Emphasis is on compliance with generally accepted accounting principles (GAAP) as they apply to business problems.

 

                                                             

FACULTY’S EDUCATIONAL PHILOSOPHY: Learning is two directional. Openness and dedication from the student forces and encourages the teacher to reach out and expand the students educational environment. With an enlarged learning arena the instructor gives more and the learner gains more knowledge. In this setting of interactiveness, dialogue, an inquire mind becomes a true learner.

 

Learning Objectives: Provide the student with the basic skills of financial analysis; aid in the learning of the “How’s” of quantifying information in accounting under the rules of GAAP; gain an ability to recognize the “How’s and Why’s” governing the financial reporting process and exposing the student to up-to-date issues relating to financial reporting.

 

 

 

COURSE OBJECTIVES:  To encourage students to understand the underlying concepts of the rules and regulations which cover financial statements in accounting; to further the students knowledge of determining what information should be reported in financial accounting, and to gain the ability to recognize the organizational bodies which control and regulate accounting and their impact on current accounting practices.

 

COURSE TEXTBOOK (S): Dyckman, Davis, and Dukes; Intermediate Accounting; 5th Edition; Irwin, McGraw-Hill, 2001.

ACADEMIC HONESTY:       “Academic Honesty is required of all members of a learning community.  Hence, Park will not tolerate cheating or plagiarism on tests, examinations, papers or other course assignments.  Students who engage in such dishonesty may be given failing grades or expelled from Park.”

 

 

PLAGIARISM: Plagiarism—the appropriation or imitation of the language or ideas of another person and presenting them as one’s original work—sometimes occurs through carelessness or ignorance.  Students who are uncertain about proper documentation of sources should consult their instructors.”

 

ATTENDANCE POLICY:     Instructors are required to keep attendance records and report absences.  The instructor may excuse absences for cogent reasons, but missed work must be made up within the term of enrollment.  Work missed through unexcused absences must also be made up within the term of enrollment, but unexcused absences may carry further penalties.  In the event of two consecutive weeks of unexcused absences in a term of enrollment, the student will be administratively withdrawn, resulting in a grade of “F”.  An Incomplete will not be issued to a student who has unexcused or excessive absences recorded for a course.  Students receiving Military Tuition Assistance (TA) or Veterans Administration (VA) educational benefits must not exceed three unexcused absences in the term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.  Reports of F grade (attendance or academic) resulting from excessive absence for students receiving financial assistance from agencies not mentioned above will be reported to the appropriate agency.

 

 

LATE SUBMISSION OF COURSE MATERIALS: Will result in a mark down in grade. If you plan on missing an assignment for any reason, the only way to receive full credit is to get pre- approval. Missed test or term paper will result in a zero score. 

                                                                       

 

COURSE ASSESSMENT:  A combination of  testing, homework, projects, reports, term paper along with oral classroom reporting and responses will be used to assess each student. The grading values will be  Midterm and final examinations……………   50%

                                     Homework and course assignments…………   25%

                                     Term Paper…………………………………… 15%

                                     Class participation………………….………….10%

 

 

                                                 

CLASSROOM RULES OF CONDUCT: : For class attendance policy refer to Student Handbook. Students are expected to come prepared. For missed classes, please contact Mr. Corwin prior to the next class meeting. Special make-up assignments will be assigned per missed class.  Missed exams can only be made up when prior approval has been granted. The test will be administered immediately upon student’s return to class.

 

Policy #1: If you experience difficulties (need help with class matter you need to let me know ASAP, so that we can adjust accordingly.

Policy #2:   Record keeping: Make a copy of every piece of work you complete. This will ensure that a mistake in your earned grade won’t be missed. As a student and adult you must take responsibility for your college records

Policy #3:  Communicate: If you are experiencing any confusion over course material, facing difficulties that are not being resolved and are preventing you from completing your assignments,  if you need special consideration, or you have a very disruptive schedule you need to share this information with me.

Policy #4: Please remember that the syllabus was written before the current term. Many things change as we move towards the end of class. It is you’re your job to stay abreast of those changes. Anything current which changes what the original syllabus stated will prevail.   

Policy #5:  E-Mail or fax Procedures for general use and homework when acceptable.

    • General e-mail: When sending e-mail, you must identify yourself fully by name and class in all e-mail sent to me.  Fax with a cover page identify yourself and subject.
    • My Response Policy:  I check my e-mail frequently. I will respond to course-related questions ASAP.  This is not your primary source to contact me. The classroom time or just before or just after.
    • When files are sent attached to an email, the files can only be in Microsoft Word, Works, RTF, ASCII, txt, PDF or zip file formats.

 

 

 

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 American with Disabilities Act of 1990, regarding students 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:  www.park.edu/disability.

 

GRADING PLAN:       Midterm and final examinations…………… .   50%

                                     Homework and course assignments…………   .25%

                                     Term Paper…Due Monday week 8………..… 15%

                                     Class participation & oral presentation..……….10%

 

Grading Scale 

A =

 100-90%

B =

 80-89% 

C = 

 70-79% 

D =

 60-69% 

F =

 < 60% 

 

 

 

 

                                                                         

 

 

 

 

COURSE TOPICS/DATES/ASSIGNMENTS: AC 325 Intermediate Accounting II

Term: 08/22,- 10/16 , 2005

Mr. Corwin

760-966-1965 (phone and fax)        e-mail: Theodore.Corwin@park.edu , scapo@cox.net

NOTE: ALL READING ASSIGNMENTS SHOULD BE COMPLETED BY STUDENT BEFORE THE DATE LISTED FOR THE LECTURE TOPIC. Example: The lecture topic for June 6  will be The Environment of Accounting. Please make sure that you have read the listed reading assignment for that topic BEFORE that date.

 

Date                 Chapter            Lecture Topic                                       Reading Assignment

 

22  Aug.................13............Intangible Assets.................................pp.  590

24  Aug.................14.............Investments in Debt and Equity........... pp.  643

                

29  Aug………….15.………..Short term liabilitiest…………………pp. 713

31  Aug………….16………...Long term liabilities  ......................….pp.  758

                                                

05 Sept  No class (Makeup  report) 

07  Sept………….17.………..Accounting for leases..........................pp. 820

                             

12 Sept..................18..............Accounting for pensions & benifits.......pp  884

14 Sept ……….....19.………Accounting for Taxes....……………..…pp.966

 

Midterm testing 14th Sept

 

19 Sept................20............Owners Equity.........................................pp. 1022 

21 Sept.………...21 .....Corps Retained Earnings& Stock options.......pp. 1069

 

26 Sept…………22...Earnings per share…....................……………pp.  1138

28  Sept………...23  ………Statement of Cash flow………....…….pp. 1183

 

03 Oct……….. .24.……Accounting changes and errors..…………..pp. 1252

                                                

05 Oct………...25………Disclosures………………………............pp. 1296 

 

10 Oct...........Oral presentations/Review/ Make up assignments........................

12 Oct…………. ………………….Final