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AC 325 Intermediate Accounting II
Ryno, Serge Alexander


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

F2A 2006 BE

Faculty

Ryno, Serge Alexander

Title

Assistant Professor

Degrees/Certificates

BBA
MA
PhD,  CPA

Office Location

Austin

Office Hours

Thur 11-5:30

Daytime Phone

325-446-3721

Other Phone

281-435-5777

E-Mail

SergeRyno02@pirate.park.edu

Semester Dates

October 23 thru December 17

Class Days

Thur

Class Time

5:10 PM - 10:30 PM

Prerequisites

AC320

Credit Hours

3


Textbook:
Kieso, D.E., Weygandt, J & Warfield, T. (2004). Intermediate Accounting (12th Edition). John Wiley and Sons.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville 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:
A study of the theoretical and technical basis of current accounting practices. Course includes basic theory, analysis of financial statements and accounting charges. Emphasis is on compliance with generally accepted accounting principles applied to business problems.

Educational Philosophy:
Provide the student an opportunity to learn utilizing reading, writing, testing, presentation and communicative skills. The student should enhance their writing, research and presentation skills while gaining new insight into accounting theory.  

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.


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:

90-100 - A

80-89 - B

70-79 - C

60-69 - D

<59 - F

Grading:

Research Paper (min.5 pgs & 5 ref.)* 20%

Presentation* 20%

3 Tests (10 pts ea) 30%

Homework 20%

Class Participation 10%

*topics to be agreed in Class 1

Late Submission of Course Materials:
Students will be expected to complete their assignments timely. Ample notice will be given of all assignments. Chapter Reading and assignments will be completed prior to the beginning of each class. Assignments will be reduced one letter grade if received by the next scheduled class and will not be accepted after that.

Classroom Rules of Conduct:
Students will be expected to be participative in class and be respectful of one another in class.

Dates

Chapter

Homework

Test/ Papers/Presentations Due

October 26

Chapter 15 - Stockholders Equity

Questions 3,4,5,18
BE15- 1,2,4

 

October 26

Chapter 16 - Dilutive Securities and EPS

Questions 1,5,9,16
BE16- 3,7,12

 

November 2

Earnings per Share problems

Inclass problems

 

November 2

Chapter 17 – Investments

Questions 1,4,7,10
BE17- 4,5,10

 

November 9

Chapter 18 – Revenue Recgonition

Questions 3,7,8,17
BE18- 1,6,7

Test 1: Chapters 15-17

November 9

Chapter 19 – Accounting for Income Taxes

Questions 1,4,6,8
BE19- 2,5,13

 

November 16

Chapter 20 – Accounting for Pensions

Questions 1,2,5,10
BE20- 1,6,11

 

November 16

Discussion and inclass problems

Inclass problems

 

November 23
(Class to be rescheduled)

Chapter 21 – Accounting for Leases

Questions 2,3,10,20
BE21- 1,5,12

 

November 23
(Class to be rescheduled)

Discussion and inclass problems

Inclass problems

Test 2: Chapters 18-20

November 30

Chapter 22 – Accounting Changes and Error Analysis

Questions 1,2,4,8
BE22- 1,5,6

 

November 30

Discussion and inclass problems

Inclass problems

 

December 7

Chapter 23 – Statement of Cash Flows

Questions 1,3,9,17
BE23- 3,5,8

 

December 7

Chapter 24 – Full Disclosure in Financial Statements

Questions 1,2,6,9
BE24- 1,4,5

Papers Due

December 14

In class problems, cash flow statements and EPS

Cash Flow Statements; Earnings per share calculations

Test 3: Chapters 21-24

December 14

In class problems and presentations

 

Presentations


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 2006-2007 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 "W".
  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 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 .


Attachments:
Syllabus AC 430

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 operating versus capital leases 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 operating versus capital leases 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 operating versus capital leases 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 operating versus capital leases 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 operating and capital leases
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 operating and capital leases
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 operating and capital leases
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 operating and capital leases
Question 20
Less than 50%
 

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Last Updated:9/24/2006 4:34:59 PM