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AC 202 Principles of Accounting II
Mugleston, Theran K.


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

S1T 2007 DLC

Faculty

Mugleston, Theran K.

Title

Adjuct Faculty

Degrees/Certificates

B. S. Accounting
MBA
PhD Management/Administration

Office Location

Home

Office Hours

24/7 via email, phone, & fax

Daytime Phone

865-484-1980

Other Phone

fax 865-484-1989

E-Mail

Theran.Mugleston@pirate.park.edu

fin_serv@yahoo.com

Semester Dates

January 15, 2007 -- March 11, 2007

Class Days

TBA

Class Time

TBA

Prerequisites

Accounting 201 or equivalent

Credit Hours

3


Textbook:

The text is a standard text used in numerous Universities and treats the topic of introductory accounting in great detail. A knowledge of excel is helpful, but is not required for this course.

Wild, J. J., Larson, K. D., & Chiapetta, B. (2007). Fundamental Accounting Principles. 18th Ed. McGraw-Hill Irwin: Boston.

ISBN:  978-0-07-299653-1

 (Note:  This textbook is used for both Accounting 201 and Accounting 202)

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/.
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.
 

This course focuses on managerial uses of financial accounting information.  Accounting is said to be the "language of business", as such the information collected and analyzed by accountants is used my management to make managerial decisions.  This course delves into this area of management.

Topics to be covered:

1.  Business forms.

2.  Long-term Liabilities

3.  Investments and International Operations.

4.  Cash Flow Statements

5.  Financial Statement Analysis

6.  Managerial Accounting Concepts and Principles

7.  Job Order and Process Cost Accounting

8.  Cost Allocation and Performance Management

9.  CVP

10.  Budgets and Planning

11.  Standard Cost and Variance Analysis

12.  Managerial Decision-Making

 

Educational Philosophy:

I have found in teaching this course that those classes that use this forum to ask questions, seek assistance, and to provide help do better than those classes that do not interact one with another.

 

Accordingly, please, please, please, ask questions, seek help, don't be afraid to ask!  If you have a problem the probability is that there are others in the class with the same problem.  It is not a sign of weakness or being "stupid" to ask questions, to seek help.  If something needs to be clarified, ask!

 

 

Your instructor's educational philosophy is one based on consideration for others, interaction between students including open questions and providing assistance to one another.

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 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:

  • Accounting 202 consists of 7 quizzes (one each week--weeks 1-7), 3 mid-term exams (weeks 2, 4, & 6), and a final exam (proctored).
  • There are weekly discussion topics, these are not graded, however, the instructor reserves the right to upgrade a student's grade to the next higher grade based on participation (example:  students grade point is 79.5, upgrade to 80 -- from a C to a B).

 

 

  • The grading scheme is as follows for the course:
  • Quizes                            10%
  • Hour exams( 3 each)      60%
  • Final Exam                    30%
  • Total Grade                  100%

Grading:

Course Grading Scale

Graded Work

Quizes                     10%  ( 4 multiple Choice questions and 1 problem)

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.  In addition, there are weekly discussion questions.  These discussion questions are not graded.
 

There are weekly quizzes for weeks 1-7.  Grading is as follows:  Weeks 1-6 are worth 1.4 points each, week 7 is worth 1.6 points; totaling 10 points.

There are 3 mid-term exams.  They are scheduled during weeks 2, 4, and 6.  Each is worth 20 points.

The final exam (proctored exam) is given in week 8, it is worth 30 points.

Total points possible, 100, or 100%.

All final exams will be comprehensive and will be closed book and closed notes.  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 Associate Dean.

The Proctored final exam for online courses must be passed with a grade of 60% or higher in order to pass the course regardless of the overall average.  The grade for students who pass the proctored final will be based on the overall average of homework and tests taken during the course.  The proctored final exam must address only material which the student has been taught in class.

Late Submission of Course Materials:
  • Submission of Late Work: Late work is not accepted without the instructors approval.
  • Proctored final examination (I cannot give a student a grade unless the final proctored exam is taken)
  • A student must earn a grade of 60% or higher in order to receive a grade of D or higher in this class.

 

·          

o        A final proctored examination will be taken in a proctored testing environment during the 8th 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.

Classroom Rules of Conduct:

Your instructor believes in and expects mutual respect and civility throughout the course.

Course Topic/Dates/Assignments:

Accounting 202

 

Week 1:  Quiz 1

 

Chapter Thirteen-Accounting for Corporations 

Chapter Fourteen-Long Term Liabilities

 

 

Week 2:  Quiz 2, Exam 1

 

Chapter Fifteen -Investments and International Operations

 

Week 3:  Quiz 3

 

Chapter 16-Reporting the Statement of Cash Flows

Chapter 17-Analysis of Financial Statements

Week 4:  Quiz 4 and Exam 2

 

Chapter 18-Managerial Accounting Concepts and Principles

Chapter 19-Job Order Cost Accounting

 

Week 5:  Quiz 5

 

Chapter 20-Process Cost Accounting

Chapter 21-Cost Allocation and Performance Measurement

 

Week 6:  Quiz 6 and Exam 3

 

Chapter 22-Cost-Volume-Profit Analysis

 

Week 7:  Quiz 7

 

Chapter 23-Master Budgets and Planning

 

Chapter 24-Flexible Budgets and standard costs

Week 8:  Final Exam

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.
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:12/26/2006 2:08:06 PM