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AC 202 Principles of Accounting II
Goss, Craig P.


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

Semester

F1T 2006 DLE

Faculty

Goss, Craig P.

Title

Senior Instructor

Degrees/Certificates

BSBA
BS
MAcc

Daytime Phone

660-338-9982

Other Phone

660-338-9982

E-Mail

Craig.Goss@pirate.park.edu

Semester Dates

21 August, 2006  - 15 October, 2006

Class Days

TBA

Class Time

TBA

Prerequisites

AC 201

Credit Hours

3


Textbook:

Required Text: Fundamental Accounting Principles ,17th Edition

Author:Larson, Wild and Chiapetta
ISBN: 0-07-294660-1

Textbooks can be purchased though the MBS bookstore

Textbooks can be purchased though the Parkville Bookstore

Additional Resources:
Calculators are a must.  Graph paper and accounts journal entry paper is strongly suggested in order to assist the student in organizing the course material and assignments.

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/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
Continuation of AC201 with an emphasis on managerial uses of cost information for planning and controlling a business. PREREQUISITE: of AC201 or equivalent. 3:0:3

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. Explain how corporations account for their transactions. Describe the differences between Corporate Accounting and other forms of accounting.
  2. Explain and evaluate the accounting for long term assets. Describe the different methods of depreciation.
  3. Explain the accounting treatment for investments and how to determine the classification of each asset. Review the accounting concepts that are followed when accounting for international operations. Analyze and report the impact of foreign currency transactions and changes in the exchange rate.
  4. Evaluate the cash flows of the firm and analyze the sources and uses of the cash.
  5. Analyze the financial statements of the firm using the currently accepted measures of profitability and solvency. Evaluate trends using these measures.
  6. Understand the managerial needs for accounting data to support decisions. Explain the concepts and principles of managerial accounting.
  7. Review the concepts of job order and process costing systems as they relate to de terming the cost of a good or service.
  8. Explain the various methods of allocating cost within the firm. Describe how performance is measured.
  9. Explain the concept of cost-volume-profit analysis and how it impacts decisions within the firm as to capacity and sales volume.
  10. Explain and develop the budget for a business and how the budget is an integral part of the planning process.
  11. Explain the concept of standard cost and how they are used to determine product costing.
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:

Weekly homework assignments are required.  There are also seven brief quizzes that help the student to prepare additionally for the tests.  There are three tests and a proctored final exam. 

Please reference the Grading Plan for an exact point break down of each of the above items.

Grading:

Graded Work

Quizes                     60%  ( 4 multiple Choice questions-10 points each  and 1 problem- 60 points)

Hour Exams              30%  ( 10 multiple Choice questions and 3 problems)

Final Exam               10%   ( 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 resevres the right to curve the final average for each student

Late Submission of Course Materials:

A class week is defined as the period of time between Monday and Sunday at 12 PM CST. You may contact me through the "Ask the Teacher" discussion area of each week's unit, 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.   Any exceptions should be cleared through the instructor prior to the due date.

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.

Course Topic/Dates/Assignments:

Week/Unit One: Chapter Thirteen-Accounting for Corporations and Chapter Fourteen-Long Term Liabilities

Week/Unit Two: Chapter Fifteen -Investments and International Operations

Week/Unit Three: Chapter Sixteen - Statement of Cash Flows and Chapter 17 Analysis of Financial Statements

Week/Unit Four: Chapter Eighteen - Managerial Accounting Concepts and Principles and Chapter 19 - Job Order Cost Accounting

Week/Unit Five:Chapter Twenty - Process Cost Accounting and Chapter 21 - Cost Allocation and Performance Measurement

Week/Unit Six: Chapter Twenty Two - Cost Volume Profit Analysis

Week/Unit Seven: Chapter Twenty Three - Master Budgets and Planning and Chapter Twenty Four - Flexible Budgets and Standard Cost

Week/Unit Eight: No formal lecture is presented. Quiz and Proctored Final Exams are due this week however.

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 2006-2007 Undergraduate Catalog Page 87-89

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 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 2006-2007 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 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:7/30/2006 12:01:29 PM