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AC 325 Intermediate Accounting II
Whetzel, Rosemary


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 325 Intermediate Accounting II

Semester

S2M 2006 CH

Faculty

Whetzel, Rosemary

Title

Senior Instructor

Degrees/Certificates

MBA
Bachelor of Science in Accounting

Office Location

room 143

Office Hours

tuesday/thursday 1600

Daytime Phone

252-633-1855

Other Phone

252-671-0883

E-Mail

Rosemary Whetzel@park.edu

nbrosiew@coastalnet.com

Semester Dates

March 13 to May 7, 2006

Class Days

--T-R--

Class Time

7:30 - 10:00 PM

Prerequisites

AC320

Credit Hours

3


Textbook:
Kieso, Donald E.,Jerry J. Weygandt and Terry D. Warfield, Intermediate Accounting, 11th Edition, John Wiley & Sons,Inc. (ISBN 0-471-07208-7).

Textbooks can be purchased though the MBS bookstore

http://www.sec.gov
http://www.gaap.org.
http://www.rutgers.edu/accounting/raw/aaa
http://www.wiley.com/college/kieso

Course Description:
Continuation of AC320.  Course includes current assets and liabilities, plant, property and equipment; long term liabilities; and shareholders equity.  Prerequisities:  AC320 and CS140 or equivalents.  3:0:3

Educational Philosophy:
Lectures, readings, quizzes, examinations, internet, videos, web sites and writings.

Learning Outcomes:
  Core Learning Outcomes

  1. Record operating and capital leases.
  2. Compute earnings per share.
  3. Journalize long-term construction transactions.
  4. Compute and record deferred income taxes.
  5. Record the declaration of stock dividends and stock splits.
  6. Account for pensions and post-retirement benefits


  Instructor Learning Outcomes
  1. 7.  Accounting for Leases.
  2. 8.  Discuss issues in financial reporting.
Core Assessment:


Class Assessment:
The student will be required to take all quizzes, a mid-term exam and a final exam on dates assigned.  A project will be assigned on the first day of class and must be turned on the due date.

Grading:
A= 93 to 100
B=85-92
C=77-84
D=69-76
F= Below 69

The course will be graded as follows:

Quizzes      10%
Project      15%
Homework     10%
Mid-Term     30%
Final Exam   35%

Late Submission of Course Materials:
All assignements are due on assigned dates and no assignments will be accepted after the due date unless the student has received prior approval from the instructor.

Classroom Rules of Conduct:
No cell phones.  All students are to come to class on time and prepared with the assignment due on that date.  If a student must miss class, the student is to email or telephone the instructor.

Course Topic/Dates/Assignments:
Week 1:  Chapter 15 and 16 --Stockholders Equity and Dilutive Securities and EPS

Week 2:  Chapters 17 and 18 --Investments and Revenue Recognition.

Week 3:  Chapters 19 -Accounting for Income Taxes

Week 4:  Chapter 20 --Accounting for Pensions and Post Retirement Benefits.

Week 5:  Mid-term and Project Presentations

Week 6:  Chapter 21 -- Leases

Week 7:  Chapter 23 -- Statement of Cash Flow

Week 8:  Chapter 24--Full Disclosure in Financial Statements.

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:
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.

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: http://www.park.edu/disability .

Additional Information:

Add/Drop Dates:  March 13 to March 20, 2006.

Withdrawal Dates:  March 21 to April 16, 2006.

Copyright:

This material is copyright and can not be reused without author permission.