AC202 Principles of Accounting II

for S1T 2006

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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.


AC 202 Principles of Accounting II


S1T 2006 DLB


Barrow, Ramona


Senior Accounting Instructor/Adjunct Faculty


M.S., Accounting, Strayer University (Washington, DC), 2004
M.S., Systems Management, University of Southern California, 1993
B.S., Accounting, University of Louisville, 1989

Office Location

Classroom chat room or via e-mail.

Office Hours

Chat room per appointment. Otherwise, expect an e-mail response within 24 hours.

Daytime Phone

270-982-3853 (Please no calls after 9:00 pm EST);

Other Phone

270-307-1097 (Please no calls after 9:00 pm EST);


Semester Dates

9 Jan 06 - 5 Mar 06

Class Days


Class Time



AC201 Principles of Accounting I

Credit Hours


Fundamental Accounting Principles, 17th Edition, by Larson, Wild & Chiappetta.  Text ISBN 0-07-251243-1 Part of PKG ISBN 0-07-294660-1

Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the Parkville Bookstore

Additional Resources:
Textbook Publisher's Companion Website

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:
My educational philosophy regarding the roles and responsibilities of an instructor has a direct impact on student performance and success in the classroom.   My instructional methodology used in the online classroom is as follows:

1. Course Organization: The instructor must reinforce core learning outcomes, conduct the course according to the expectations and schedule presented in the syllabus, and be consistently well-prepared & organized.  Further, students must know on a daily/weekly basis what is expected of them.

2. Instruction: The instructor must be a subject-matter expert.  Being a technical expert in the accounting field is crucial to gaining student confidence.  The instructor must be able to explain concepts clearly and effectively.  Further, the instructor must stress important points in information resources (lectures, discussions, etc).  Finally, the instructor must strengthen students' understanding of course concepts through various interactions.  However, my technical knowledge does not mean that I do not learn from my students.  An instructor who coveys this message to students will typically enjoy a more lively class.

3. Interaction and Discussion:  To effectively fulfill this role, I must lead & participate actively in class discussions.  This includes communicating clearly & meaningfully in course discussions, and stimulating ongoing discussion that leads to higher thinking (particularly applicable to ethics discussions).  In doing so, I become a facilitator of learning.  Finally, the instructor must be responsive to student questions.

4. Assessments, Grading and Feedback: The instructor must be clear and specific in assignment directions and evaluation criteria.  The instructor must provide helpful, individualized, and constructive feedback on all assignments including the following:  correcting errors, highlighting strengths, and providing suggestions for improvement. To enhance the learning process, grading and feedback must be completed in a timely manner.  The instructor must keep students informed of their progress in the course.  Lastly, overall course grades must accurately represent students' mastery of course objectives.

5. Classroom Climate: The instructor must maintain a positive atmosphere in the classroom.  This includes being sensitive to student difficulty with course work and being easy to communicate with and available for consultation.

6. Professional Engagement: This includes being responsive to formative feedback (from both students and classroom evaluators) to enhance course facilitation/management throughout the term.  It also includes staying abreast of recent developments in the accounting arena.  I fulfill this responsibility by reading articles in The Journal of Accounting Education and various business publications.  Also, I routinely make use of textbook publisher's companion websites.  These sites are continuously updated with links to articles, message boards, etc. to keep instructors up-to-date.

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.

  Instructor Learning Outcomes
  1. The Accounting Education Change Commission states that the overriding objective of all accounting courses is to teach students to learn on their own, focusing on developing analytical and conceptual thinking.  In Principles of Accounting II, such learning includes an understanding of the accounting fundamentals of measurement, valuation, interpretation and presentation in their relationship to the management decision-making process within an organization.
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. 

Class Assessment:
· The grading criteria is as follows for the course: · Quizzes (7 each)          10% · Hour exams (3 each)     60% · Final Exam                   30% · Total Grade                  100%· Submission of Late Work: Late work is penalized 20% unless prior arrangements are made. · Proctored final examination o A final proctored examination will be taken in a proctored testing environment during the 8th (or 16th) week at one of the Park University sites around the country or at an alternative location.  For proctored examinations, photo identification is required at the time of the test.  Guidelines for selecting an acceptable proctor can be found on the Park University Website.  o Other Information on proctored exams: § It will be the responsibility of the student to arrange for a proctor, by the 6th week of the term, who is accepted and approved by the course instructor.  § Approval of proctors is the discretion of the Online instructor.  § A proctor request form will be made available to you during the first week of class so that you can send your requested proctor to your instructor for approval.  § Failure to take a final proctored exam (or submit your final project for some online graduate courses) will result in an automatic "F" grade.

Course Grading ScaleGraded WorkQuizzes                    10%  ( 4 multiple Choice questions-10 points each  and 1 problem- 60 points)Hour Exams              60%  ( 10 multiple Choice questions and 3 problems)Final Exam               30%   ( 10 multiple choice questions and  5 problems)Total Grade             100%A = 90- 100% B = 80-89%  C = 70-79%  D = 60-69%  F = < 60%  The instructor reserves the right to curve the final average for each student.

Late Submission of Course Materials:
· Submission of Late Work: Late work is penalized 20% unless prior arrangements are made.

Classroom Rules of Conduct:
Course-Specific Policies: A class week is defined as the period of time between Monday and Sunday at 12 PM CST. You may contact me through the discussion area or by email at Park.  I will try to respond quickly, usually within 48 hours. Course work that is to be turned in must be submitted  within the specified time.  Please note that the eCollege system displays the date/time you submit work to the dropbox in MST time (an hour later than CST) so that is the time I will use.  So, this essentially gives you an extra hour.  Student should use Email for private messages to the instructor and other students.  The discussion area is for public messages and is viewable by all members of the class. Students are responsible for clicking on the link below and thoroughly reading each Online course policy.  If you have questions about any of these policies, please contact your instructor for clarification. Online Course Policies

Course Topic/Dates/Assignments:
Week 1 (Jan 9 - Jan 15, 2006):
Corporations and Long-Term Liabilities
Chapters 13 and 14
Problem 13-2A, Exercises 14-2 and 14-6, and Problem 14-4A (Self-check)
Quiz 1 (Graded)

Week 2 (Jan 16 - 22, 2006):
Investments and International Operations
Chapter 15
Problems 15-4A and 15-6A (Self-check)
Quiz 2 (Graded)
First Hour Exam (Graded)

Week 3 (Jan 23 - 29, 2006):
Statement of Cash Flows and Financial Statement Analysis
Chapters 16 and 17
Problems 16-1A, 17-4A and 17-5A (Self-check)
Quiz 3 (Graded)

Week 4 (Jan 30 - Feb 5, 2006):
Managerial and Job Order Cost Accounting
Chapters 18 and 19
Exercises 18-1, 18-5, 18-6, 19-2 and Problem 19-1A (Self-check)
Quiz 4 (Graded)
Second Hour Exam (Graded)

Week 5 (Feb 6 - 12, 2006):
Process Cost and Cost Allocation/Performance
Chapters 20 and 21
Exercise 20-5, Problems 20-1A, 21-2A and 21-4A (Self-check)
Quiz 5 (Graded)

Week 6 (Feb 13 - 19, 2006):
Cost-Volume-Profit Analysis
Chapter 22
Problems 22-4A and 22-5A (Self-check)
Quiz 6 (Graded)
Third Hour Exam (Graded)

Week 7 (Feb 20 - 26, 2006):
Master Budgets and Flexible Budgets
Chapters 23 and 24
Problems 23-5A, 24-1A and 24-2A (Self-check)
Quiz 7 (Graded)

Week 8 (Feb 27 - Mar 5, 2006):
Proctored Final Examination
Student Survey of Online Teaching

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 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.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2005-2006 Undergraduate Catalog Page 89

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: .

Additional Information:

Guidance for Completing Weekly Requirements:

Use the following sequence when completing weekly requirements...

1.        Very Important:  Read the assigned chapter(s).

2.        Review the Lecture and Outline (see Doc Sharing) for the assigned chapter(s).

3.        Complete the homework.  Please note that homework is not submitted for a grade and you will self-check the homework.  Also, use the Discussion area to post homework questions.

4.        Complete the Evaluation item(s) in either Word, Excel or RTF format.  For other file formats, please check with me first.  Evaluation items (quizzes & hourly exams) must be submitted to the appropriate basket in the Dropbox.  If you experience any technical problems and cannot submit to the Dropbox, send your files to me via e-mail so you receive full credit for your work. Important Note:  My weekly goal is to have all quizzes graded/returned by the end of Tuesday (w/in 48 hours of the due date) and during weeks 2, 4, & 6 to have all hourly exams graded/returned by the end of Thursday (within 48 hours of the due date).  Check the Dropbox or Gradebook for grades along w/comments.  Quizzes are due by the end of the week.  However, exams (assigned during Weeks 2, 4 & 6) are due by midnight MST, Tuesday, following the week assigned. 

5.        Finally, although the weekly questions posted in the Discussion area are optional, I strongly encourage participation and will consider your participation in the event of a borderline grade.  Also, please note that I will also provide guidance for completing weekly requirements in the Discussion area (click on the 'Select a Topic' box to access the guidance.) 

6.        I hope you find the above information helpful.  Finally, always ask questions when you need help.  If you do not ask, I assume you are not having problems.  I am here to help you!

Chapter 13 Notes

Chapter 14 Notes

Chapter 15 Notes

Chapter 16 Notes

Chapter 17 Notes


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