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AC 202 Principles of Accounting II
Frerich, Bonnie M.


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 LA

Semester

F2K 2008 LA

Faculty

Frerich, Bonnie M.

Title

Professor of Accounting

Degrees/Certificates

M.A. in Management, Webster University, St. Louis, MO
18 Additional hours in Graduate Accounting
B.B.A. in Accounting, Angelo State University, San Angelo, TX

Office Location

None

Office Hours

Before and After Class, Best times

Daytime Phone

830-563-5372 (best # to reach me)

Other Phone

830-563-2684

E-Mail

Bonnie.frerich@park.edu

tx78832girl@rionet.coop

Semester Dates

20 October - 14 December 2008

Class Days

-M-W---

Class Time

6:10- 9:00 PM, Classroom 1

Prerequisites

AC 201

Credit Hours

3


Textbook:
"ACCOUNTING," Warren, Reeve, & Ress; 22nd edition; Southwest Publishing; 2007 Working Papers Plus to accompany the text are mandatory. (Study guide to accompany text is highly recommended, but not mandatory.) Other Required Readings:  Handouts as distributed. Text Companion Site:  http:///warren.swlearning.com

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Accounting Today, The Wall Street Journal, NewsEdge (can be found on text companion website,) and references cited by the authors in the selected class textbook. Students are also expected to come to class prepared to work. Paper, pencil, ruler, and a calculator are required in order to complete assignments in class.

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/.

http:///www.warren.swlearning.com
http://www.fasb.org/
http://www.webcpa.com/
http://www.gasb.org/
http://www.nasba.org/

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 world of accounting is dynamic, complex, and challenging. Accounting is considered by many to be the language of business. Every student should have the opportunity to learn. To maximize learning, a student must engage actively in self-learning, attend scheduled classes, complete all assignments, and participate in class sessions. Lectures with student interaction, problem-solving, daily homework and reading assignments, discussion of homework assignments, examinations, and relations to real-world situations will be used to accomplish learning outcomes.

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:
Formal lecture, class discussions, and problem solving, both individually and collectively, will be utilized in the classroom. Students are required to read assigned chapters and complete any assigned written work. Students are expected to complete and present a class project. Reviews and pretesting will be used to prepare students for exams. Testing will consist of quizzes, a midterm exam, and a final exam.

Grading:

The final course grade will be determined using the following measurements:
 
Midterm Exam 15%
Final Exam 30%
Quizzes 20%
Homework and Class Participation  25%
Class Project 10% 
The following will be used to assign letter grades:
>=90%       A
80%-89.9%   B
70%-79.9%  C
60%-69.9%  D
<=59.9%      F
 
*Please remember:  Final grades are based on regular attendance, class participation, completion of assigments, and completion of exams.
**Extra credit work may be assigned at instructor's discretion.

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:
Late submission of course material will be allowed. However, an automatic 10 points per late class period will be subtracted from late submission material grades. Late submission of course material is a privilege, not a right, for the student. As the instructor, I have the right to refuse any late submission of course material.

Classroom Rules of Conduct:

Students are expected to be on time, attend all classes, have read the entire applicable chapter(s), have completed homework assignments, and actively participate in class discussions. Homework assignments and examinations must be legible. Some homework assignments will be collected and graded. I will grade your effort and logic in applying accounting principles. All work must be shown. I will give considerable credit to serious attempts to complete homework assignments, even if the answers are incorrect.  
 
Everyone will conduct themselves in a professional manner at all times. Disruptive behavior WILL NOT be tolerated.  Everyone benefits from productive class participation. Turn off all cell phones before entering the classroom. When I am instructing the class, I expect to be the ONLY person talking. Others in the class cannot learn effectively, if they cannot hear me instructing.
 
End of Chapter Problems:  You will be required to read the chapter and attempt the homework before class. You will find the subject matter difficult, unless you prepare beforehand. We will use class time to review most of the homework and other examples. Not all homework will be taken up or graded; however, the homework will be very representative of the Exams. I will make solutions to all homework available.
 
Class Participation:  The assumption is that you’ve read the assignment before class. You will benefit most if you come to class prepared. I believe it is my responsibility to discuss and expand on the confusing portions of the assigned material; I will not necessarily cover areas that are adequately addressed in the reading, even though you are responsible for this material on the exams. You will be assigned a grade for class participation simply as a means of strongly encouraging you to keep up with your readings.
 
Your class participation score will be determined as follows:  Initially, everyone will be assigned a participation grade equal to the average of their exam scores. This preliminary score will be adjusted up or down based upon your class performance throughout the semester. During each class, I will call on students to answer questions concerning the subject matter assigned. If you consistently demonstrate that you are not prepared for class, you will lose class participation points. Please check with me anytime during the semester, if you have questions about how I determine your class participation grade.
 
I enjoy teaching and visiting with my students. If you have any questions that we did not answer in class, of if you want to explore an idea, do not hesitate to contact me. The key to success in accounting is maintaining a clear understanding of the subject matter as we progress. If you are having trouble, please ask me for help as soon as possible. Feel free to contact me, if you are not sure of the relative importance of a particular topic or problem. Since many of us (including your instructors) work during the day and travel at night, email may be the best method in contacting me.

Course Topic/Dates/Assignments:

A complete outline of assignments and dates will be given out on the first day of class. The following list is a general summary of the dates, chapters, and topics to be covered in this class. Week 1--Class 1--Ch.13:Parnerships  Week 1--Class 2--Ch.14 Ch.14:Tax, Unusual Inc. Items, & Invsts.Week 2--Class 3--Ch.15:Bonds Payable & Invsts. in Bonds Week 2--Class 4--Ch.16:Statement of Cash Flows Week 3--Class 5--Ch.17:Financial Statement Analysis Week 3--Class 6--Ch.18:Intro. to Managerial Accounting Week 4--Class 7--Midterm Exam--Chapters 13-18 Week 4--Class 8--Ch.19:Process Cost Systems Week 5--Class 9-- Ch.20:Cost Behavior & C-V-P Analysis --Week 5--Class 10--Ch.21:Budgeting--Week 6--Class 11--Ch.22:Performance Evaluations Using Variances from Standard Costs Week 6--Class 12--Ch.23:Performance Evaluations For Decentralized Operations Week 7--Class 13--Exam II--Chapters 19-23 Week 7--Class 14--Ch.24:Differential Analysis & Appendix Week 8--Class 15--Project Presentations & Review Week 8--Class 16--Final Exam
 
As the instructor, I reserve the right to make changes to the class assignment schedule as needed. As we progress in the course, I may make changes to the syllabus (e.g., if I determine we need more or less time on a certain subject area). Students will be notified of any changes in class and/or via email.
 
Note: Prior to the first class, read Chapter 13. Review the Illustrative Problems and Self-Examination questions at the end of each chapter. Complete the class discussion questions at the end of the chapter for use in class.

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
All students are expected to practice academic honesty. Exams are carefully checked and monitored. Responsible preparation for class assignments, adequate planning for deadlines, and good study habits allow students to avoid dishonesty. Any dishonesty will be reported.

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
Class attendance is required. A class roll will be taken during each class. Students that need to be absent MUST INFORM the instructor BEFORE class starts in order to receive an "AE" (excused absence). Students are responsible for emailing all homework assignments to the instructor prior to the missed class session.

Learning is an active process, and it is simply impossible for you to participate if you aren't here. Your participatory attendance is important to achieving the learning outcomes. If non-attendance occurs, you will be responsible for material covered during your absences, and it is your responsibility to consult with the instructor.  Your overall semester performance grade will be lowered if you do not participate in the class without an approved excuse(AE).

There will be a -5 points on student's final grade for each unexcused absence.

Students are expected to arrive to class on time. Occasionally, you may find it necessary to be late.  In such cases, I would certainly prefer that you come after we have started, rather than miss the entire class. But, do not let tardiness develop into a pattern. Students are counted absent after a half-hour of tardiness.  If you do not notify me at class end to remove the "A" for your marked absence and replace the mark with a "T" for tardy, then the absence will become a matter of record. I consider four (4) tardies as one full absence.

It is the student's responsibility to drop or withdraw from the course. Failure to officially withdraw may result in the student receiving a grade of "F" in the course. If you decide to drop the course, please discuss this with your instructor before taking this step.

Communication with me is the key to success here! You will find that I am very understanding, and will work with you to achieve your term goals.

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:9/26/2008 2:17:56 PM