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AC 420 Advanced Accounting I
Bergstrom, Alfred R.


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 420 Advanced Accounting I

Semester

F1E 2008 PE

Faculty

Bergstrom, Alfred R.

Title

Adjunct Faculty

Office Location

Assigned classroom

Office Hours

By appointment

Daytime Phone

(760) 728-6425

E-Mail

Alfred.Bergstrom@Pirate.Park.edu

Al@NewtonEAtax.com

Semester Dates

08/11/08 thru 10/05/08

Class Days

Mondays and Wednesdays

Class Time

4:45 - 7:25 PM

Prerequisites

AC325, CS140

Credit Hours

3


Textbook:

ADVANCED ACCOUNTING, 8th Edition
By Hoyle, Schaefer, Doupnik
ISBN: 0-07-299188-7

Textbooks can be purchased through the MBS bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


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. PREREQUISITES: AC325 and CS140 or equivalents. 3:0:3

Educational Philosophy:

My belief is that the only way to learn "accounting" is to do it.  Practical application of accounting procedures and concepts using exercises, problems, quizzes and examinations enhances the student’s understanding and retention of the accounting principles / concepts taught during this semester.

Learning Outcomes:
  Core Learning Outcomes

  1. Compute and record partnership profits.
  2. Record entrance of new partner and exit of an old partner in businesses.
  3. Prepare a business plan and obtain a bank loan.
  4. Prepare Federal, state and city tax forms.
  5. Prepare bank statements, credit card statements and invoices for a business.
  6. Prepare working papers and financial transactions for a business.


  Instructor Learning Outcomes
  1. Apply the accounting concepts and specific requirements for desegregating financial statement information required by the FASB.
  2. Learn, through application, the accounting procedures required for foreign currency transactions occasioned by a company
  3. Analyze the accounting procedures required in bankruptcy cases, specifically the informational and legal accounting requirements of both the owners and creditors.
  4. Expand the student
Core Assessment:
The test examines each learning outcome with 20 questions.  Eighteen multiple-choice questions will be based upon a distribution of critical thinking concepts applied to a learning outcome. Two questions will examine a communication/writing component.  Each question will be weighted as 5 points.

Link to Class Rubric

Class Assessment:

The methodology that will be followed during class sessions will include a review of the previous class’s new material, lecture on the accounting concepts assigned supported by exercises and problems that allow an analysis of these concepts in a practical situation.

The instructor will assign homework problems and/or exercises to be turned in for grading. These problems, as well as your questions, exercises or problems, will be reviewed in class. To enhance your learning, you should attempt to do the problems before they are discussed in class. During class discussions, you will then be able to clear up questions you have concerning the solution.

Classroom participation, completion of assigned homework and attendance are mandatory requirements to your mastery of the accounting concepts presented and are a major portion of your final grade.

Homework and take-home problems are intended to encourage student discussion and interaction and provide a means for group learning using complicated accounting concepts to solve accounting problems. These group discussions are encouraged, as they enhance the learning process. However, students are expected to do their own work. Copying, duplication, using or plagiarizing another’s work is prohibited and will result in a failing grade on the assignment and a possible “F” for the course.

Three Unit Examinations will be conducted; each unit examination consists of two parts. Part one consists of multiple choice / recognition questions designed to test the student’s knowledge of concepts, terminology and procedures covered in that instructional unit. Part two is completion of comprehensive problems designed to test the student’s ability to organize data, prepare appropriate schedules and worksheets and arrive at a solution consistent with the concepts and principles covered in that instructional unit.

Grading:

EXAMINATIONS               CHAPTERS                  POINTS
 
Exam 1                                    8, 9, 10                          100
 
Exam 2                                  11, 12, 13                        100
 
Exam 3                                  14, 15, 19                        120
(Comphrehensive)
 
Homework
Attendance
Participation                                                                    80
 
TOTAL POINTS                                                          400
 
 
 
 
POINTS TO GRADE CONVERSION
400 - 360     A
359 - 320     B
319 - 280     C
279 - 240     D
239 - 000     F

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:
Students are expected to attend all scheduled class meetings and be present for the full class period. Absenteeism and tardiness, regardless of the cause, threaten academic achievement. Classes missed for legitimate reasons as discussed in the Attendance Policy are excusable; however, the student who is absent from class is responsible for all material covered during the class. If an absence is not specifically excused by the instructor before the class, homework assignments, quizzes, or other assignments cannot be made up for grading.

Classroom Rules of Conduct:

Each student brings to class a wealth of knowledge and experience. The classroom atmosphere must encourage students to share knowledge and experiences with fellow students. Any conduct that does not support that atmosphere will not be tolerated. Common courtesy, respect for different opinions and orderly discussions will be enforced by the instructor.

Course Topic/Dates/Assignments:

 

CLASS            LECTURE                   HOMEWORK            PROBLEM

 

Aug11                Introduce Chptr 8         Chapter 8                     TBA

 

Aug 13                Continue Chptr 8                                              TBA

                           Introduce Chptr 9

 

Aug 18               Continue Chptr 9          Chapter 10                   TBA

                          Introduce Chptr 10

 

Aug 20               Continue Chptr 10        Chapter 11                   TBA

 

Aug 25               Continue Chptr 10        Chapter 11                   TBA

                          Introduce Chptr 11

 

Aug 27              Continue Chptr 11        Chapter 12                   TBA

                         Unit Review

 

Sept 3              Unit I Exam                  Chapter 13                   TBA

                        Introduce Chptr 12

 

Sept 8              Continue Chptr 12        Chapter 13                   TBA

                        Introduce Chptr 13

 

Sept 10             Continue Chptr 13        Chapter 14                   TBA

                         Unit Review

 

Sept 15             Unit II Exam                 Chapter 15                   TBA

                         Introduce Chptr 14

 

Sept 17             Continue Chptr 14

 

Sept 22             Continue Chptr 14        Chapter 15                   TBA

                         Introduce Chptr 15

 

Sept 24             Continue Chptr 15        Chapter 19                   TBA

                         Introduce Chptr 19

 

Sept 27             Continue Chptr 19

 

Sept 29             Continue Chptr 19        Chapter 19                   TBA

                         Unit Review

 

Oct 1               Unit III Exam (Comprehensive)

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

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

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 for recording partnership profits 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 for recording partnership profits 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 for recording partnership profits 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 for recording partnership profits 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
1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to recording partnership profits
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 recording partnership profits
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 recording partnership profits
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 recording partnership profits
Question 20
Less than 50%
 
Technical Skill in Communicating written essay                                                                                                                                                                                                             
Outcomes
3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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 an advanced accounting knowledge within the scope of AC 420 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
100-80 %
 
Student will demonstrate an advanced accounting knowledge within the scope of AC 420 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
60-79%
 
Student will demonstrate an advanced accounting knowledge within the scope of AC 420 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
50-59%
 
Student will demonstrate an advanced accounting knowledge within the scope of AC 420 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
Less than 50%
 

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Last Updated:7/16/2008 2:32:29 PM