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AC 202 Principles of Accounting II
DeMott, Beatrix


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

AC 202 Principles of Accounting II IN

Semester

S2J 2009 IN

Faculty

DeMott, Beatrix

Title

Adjunct Faculty

Degrees/Certificates

Webster University - Masters of Business & Administration
William Jewell College - Bachelor of Science - Accounting
University of Iowa - Bachelor of Arts - History/English Education

Office Location

Park University classroom - Independence

Office Hours

1/2 hour prior to class

Daytime Phone

816-795-9573    You may call me up until 8PM on Wednesday through Saturday and until 6PM on Sunday.  There is an answering machine available so please leave a message & I'll return your call.

Other Phone

I am NOT available on Monday or Tuesday, day or evening.

E-Mail

Beatrix.DeMott@park.edu

hcdemott@yahoo.com

Semester Dates

March 18,2009 - May 6, 2009; last day to drop March 24, 2009; last day to withdraw  April 20, 2009

Class Days

--T----

Class Time

5:30 - 9:50 PM

Prerequisites

AC 201

Credit Hours

3


Textbook:

 

Warren/Reeve/Duchac

Accounting, 23rd Edition
9780324662962

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Textbook websites:
http://www.cengage.com

 
www.academic.cengage.com/community/warren
 
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Course Description:
Continuation of AC 201 with an emphasis on managerial uses of cost information for planning and controlling a business.  Pre-requisite: AC201 or equivalent.  3:0:3

Educational Philosophy:

The main method of instruction  will be  lecture, class & group discussion, and home work assignments.  Quite a number of exercises will be worked in class.  Student  participation is an essential part of the class.

Bring calculator, paper, pencil, and eraser to class.  Laptop permitted. You may use calculators on all tests and homework assignments.  NO cell phone calculators, programmable calculators, or laptops allowed during tests.

The text also has on line help and worksheets for some of the problems.  Formats are available if the spreadsheet symbol is displayed next to the problem.  

Learning Outcomes:
  Core Learning Outcomes

  1. Prepare retained earnings and equity changes for a corporation.
  2. Prepare manufacturing and process cost summaries.
  3. Prepare budgets.
  4. Compute financial ratios and analyze corporation financial statements.
  5. Compile and interpret statements of cash flows (indirect method.)
  6. Compute and record corporate dividends declared by the Board of Directors.


Core Assessment:

The final exam for AC 202 will be the assessment tool used for this course. The exam will be comprehensive and the grade used to determine competency levels achieved by the students. The exam will be closed book and closed notes. The exam consist of 10 multiple choice questions covering the chapter readings in the course and five problems that examine the critical thinking, effective communication skills and technical skills of the student. The first problem will address Accounting for Corporations, Long Term Liabilities and Investments or International Operations. The second problem will cover Cash Flows, Financial Statement analysis or Managerial Concepts. The third problem will address Job Order Costing, Process Costing or Cost Allocation. The last two problems address issues of Cost-Volume-Profit Analysis, Master Budgets or Flexible Budgets and Standard Cost. Partial credit will be given for the problems.

Link to Class Rubric

Class Assessment:

A. Complete all reading assignments  before attending class on the week noted in the section labeled  Course  Topic/Dates/Assignments. A number of exercises will be done in class as a  class/teacher project. Quizzes may be used as a teaching tool. Definitions are important.

If  you get stuck on a problem, call. Don't spend hours on one  exercise.  CALL!  

Please realize that homework is very important in learning accounting and you will be graded upon completing the homework  assignment. The intent of the homework is for the student to solve Accounting problems which relate to the chapters of class discussion and practice exercises.   A  study group is a great way to learn.

B.  Each student is to bring an  article from a current newspaper, or magazine  or Internet for a brief discussion. Prepare 1/2 to 1 page, typed, review of the article using correct grammar and spelling.  You will present the article to the class.   The first week of class a sign up sheet for the article will be available and you will choose the week for presentation as well as your due date for the review.

The article must pertain to accounting. Do NOT use  the Journal of Accountancy or other similar professional magazines .  The object is to demonstrate how often accounting terminology & principles & knowledge is  used in every day writings. 
 
 Make a copy of the article for each student and the instructor.  State the source  of the article and the date. No articles regarding the various scandal ridden companies such as Enron, bailout, and no earnings type articles. NO articles about company's quarterly report or yearly earnings.  If in doubt, ask the instructor.  No duplicate articles or topics.  Reduced points for late presentation or written review.
 
A more detailed instruction sheet will be handed out the first night of class. 

C. I would prefer you use Excel for your homework.  If you do not use Excel ,  homework must be turned in on green, four or more column accounting paper.   Very neatly written assignments on columned, accounting paper is acceptable.  If I can't read it, I can't grade it.  

If you use Excel, just print it on regular  printer paper. Some homework problem formats are available on the text web site.     NO notebook  paper!!!

D.  There will be a midterm and final exam.  The final exam is a 100 point university prepared test. 
E .  A homework assignment sheet will be given to the students the first week of class.
 
 
 

Grading:

 Midterm  -                                                                                                             50- 100 points     
Park University Core Assessment Exam                                                                  100 points
        
Homework - If turned in on time & complete.                                                          10 points per problem.
Decreased  points for sloppy homework
Decreased points  for alternate homework
Decreased points for wrong answers.
Homework review sheets  50-100 points

Attendance  - 5 points per class when present on time & stay to the end.                  40 points total

Class participation - 5 points per class when present on time & stay to the end.         40 points total

Newspaper article                                                                                                    10 points                            

Extra credit- If assigned, due week 7                                                                        15-25 points

Percentage breakdown follows:

Attend & participate      13%      

 Homework                   45%   
    
Tests                             41%       

Article                              1%

Grading:   90% --- A     80% --- B     70% --- C        60% --- D
 
• Make up exams for in class exams will be given only for excused, qualified, emergency absences.
 • There will be a midterm and final exam.  The final includes a university provided exam.
 • If extra  credit is given to the class, it can not raise  your grade higher than one level.  
•Homework not completed and handed in on time does hurt in the final grade calculation. You can not  get an "A" with incomplete or consistently late  homework assignments. Decreased points for late, alternate homework.  The later from the original due date, the fewer points. Remember, if you can't figure out an assignment, call. 

 

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.

Late Submission of Course Materials:

If you miss with an excused absence, turn in the homework the next class meeting for full credit.  Or you may fax the homework to Park on the evening it is due.  If it is an unexcused absence, turn in the homework for a decreased number of points.   After an absence, homework is due the next class meeting.......if it is not turned in the week following the excused absence than alternate homework will be required for decreasing credit. The later the alternate homework is turned in from the due date, the fewer points are available.  All make up homework must be turned in week 7

Classroom Rules of Conduct:

CELL PHONES: Cell phones are a major annoyance and a major convenience.  Turn  them OFF. If you must leave your phone on, please  turn it to mute or  whatever setting your telephone requires so  that it does not disturb the class.  If you receive a call, leave  the class room and go to the school lobby. Do not  stand in the  hallway as that disrupts other classes.

ABSENT: If you know you will be absent,  please inform the instructor prior to your absence.  You may call the school [816-252-9065] to inform of absence.   Please  do not call or email me on the day of class as I do not always have access to my answering machine or email.  I am not available on Monday either.

Course Topic/Dates/Assignments:

The instructor reserves the right to change assignments with notification to the students. Please check your Park email as that is my main method of communication.
A separate homework syllabus will be handed out the first night of class.
Week 1 Introductory remarks
Chapter 13 Corporations: Organization, Capital Stock Transactions, and Dividends
Chapter 14 Long-Term Liabilities:  Bonds and Notes
 
Week 2
Chapter 14 continue
Chapter 16 Statement of Cash Flows
 
Week 3
Chapter 16 continue
Chapter 17 Financial Statement Analysis

Week 4
Midterm
Chapter 18  Managerial Accounting Concepts and Principles
Chapter 19 Job Order Costing
 
Week 5
 
Chapter 19 continue
Chapter 20 Process Cost Systems
  
Week 6
Chapter 21  Cost Behavior and Cost Volume Profit Analysis
Chapter 22 Budgeting

 
Week 7
Chapter 23 Performance Evaluation Using Variances from Standard Costs

 
Week 8 Final
Depending upon time needed for previous chapters, Chapter 25 may become a read only chapter.
 This means it will be discussed briefly but no problems assigned.
 
NOTE: Homework is due the week shown on the Assignment Syllabus which is distributed week one. Decreasing points for late, alternative homework. Instructor reserves the right to change assignments and due dates with notification to the students. Please check your Park email as that is my main method of communication. If a difficulty is discovered with homework assignments, Park email is how information is distributed to all class members.  

 

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 2008-2009 Undergraduate Catalog Page 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 2008-2009 Undergraduate Catalog Page 87
Please use footnotes & proper presentation for the 1/2 to one page review.
Cite the source of the article, author, and date.

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 "F".
  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 2008-2009 Undergraduate Catalog Page 89-90
Students are expected to attend  all classes and be on time  and stay for the entire class meeting time.  Class  begins at  5:30PM and roll will be taken at sometime during the class period.  If you do not stay the entire class period & leave early, attendance & participate points will be reduced. Absenteeism and tardiness are a deterrent to academic achievement.   Classes  missed for legitimate reasons [see definition below] are  excusable.  In  Accounting it is very important not to miss a  class.  Accounting begins with the first chapter and each subsequent chapter builds on that knowledge.  If you miss one week, you've missed 12.5% of the course.  Make a commitment to attending each of the eight weeks.

Definition  of excused  absence:  
             Work
             Work related travel
             Sickness
             Death in  family
             Other events will be considered on an
             individual basis.

If you are not in class, you can not participate.  No attendance or participation points are given if you are absent, excused or unexcused.

At the first class meeting, we will discuss alternative meeting for makeup in the event, classes are canceled due to inclement weather.
A student who is absent from  class is responsible for  all material covered during the class period and  additional homework problems may be assigned.  

If you know you will be gone, please notify me prior to your absence.  To inform the instructor of your  absence, either call me prior to your absence or, if your situation arises on Tuesday, leave a message with the school administration.  If you  do not call, the absences is  unexcused.  Proof  may be  required.  I am NOT available on Monday or Tuesday, day or evening.

Do NOT call or email me on the day of class as often I can not check my answering machine or read my email.

Please call the school!

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. 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 .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluate and define accounting concepts identified by:                                                                                                                                                                                                     
Outcomes
2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles

Q1, Q4, Q8, Q12, Q15

100-80 %

 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles

Q1, Q4, Q8, Q12, Q15

60-79%

 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles

Q1, Q4, Q8, Q12, Q15

50-59%

 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles

Q1, Q4, Q8, Q12, Q15

Less than 50%

 
Synthesize data to produce a logical flow of informational reporting  per established accounting rules and standards                                                                                                                                       
Outcomes
2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Assemble the correct and ethical accounting treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles

Q3, Q6, Q7, Q11, Q14

100-80 %

 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles

Q3, Q6, Q7, Q11, Q14

60-79%

 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles

Q3, Q6, Q7, Q11, Q14

50-59%

 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles

Q3, Q6, Q7, Q11, Q14

Less than 50%

 
Analysis of transactional data                                                                                                                                                                                                                             
Outcomes
2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles

Q2, Q5, Q9, Q10, Q13

100-80 %

 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles

Q2, Q5, Q9, Q10, Q13

60-79%

 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles

Q2, Q5, Q9, Q10, Q13

50-59%

 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles

Q2, Q5, Q9, Q10, Q13

Less than 50%

 
Application  of established rules and logic per regulatory and commercial standards                                                                                                                                                                        
Outcomes
1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements per Generally Accepted Accounting Principles

Q16, Q17, Q18

100-80 %

 
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements  per Generally Accepted Accounting Principles

Q16, Q17, Q18

60-79%

 
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements  per Generally Accepted Accounting Principles

Q16, Q17, Q18

50-59%

 
Demonstrate and interpret accounting data and Trial Balance figures in order to produce accurate Balance Sheets and Income Statements  per Generally Accepted Accounting Principles

Q16, Q17, Q18

Less than 50%

 
Content of Communication written essay                                                                                                                                                                                                                     
Outcomes
5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the production of cash flow statements

Question 20

100-80 %

 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the production of cash flow statements

Question 20

60-79%

 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the production of cash flow statements

Question 20

50-59%

 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to the production of cash flow statements

Question 20

Less than 50%

 
Technical Skill in Communicating written essay                                                                                                                                                                                                             
Outcomes
4,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions

Question 19

100-80 %

 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions

Question 19

60-79%

 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions

Question 19

50-59%

 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions

Question 19

Less than 50%

 
First Literacy Technical knowledge and application                                                                                                                                                                                                         
Outcomes
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Student will demonstrate a basic accounting knowledge within the scope of AC 202 to assist them in performing their job functions or enhancing their accounting knowledge

Overall Score

100-80 %

 
Student will demonstrate a basic accounting knowledge within the scope of AC 202 to assist them in performing their job functions or enhancing their accounting knowledge

Overall Score

60-79%

 
Student will demonstrate a basic accounting knowledge within the scope of AC 202 to assist them in performing their job functions or enhancing their accounting knowledge

Overall Score

50-59%

 
Student will demonstrate a basic accounting knowledge within the scope of AC 202 to assist them in performing their job functions or enhancing their accounting knowledge

Overall Score

Less than 50%

 

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Last Updated:12/1/2008 11:10:47 AM