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AC 325 Intermediate Accounting II
Emanuel, Antonio R.


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

S2DD 2007 DCA

Faculty

Emanuel, Antonio R.

Title

Senior Instructor

Degrees/Certificates

MBA

Office Location

Defense Supply Center Columbus

Office Hours

Before or After class & by appointment

Daytime Phone

614.329.1206

Other Phone

614.864.1204

E-Mail

Antonio.Emanuel@park.edu

Semester Dates

19 March 2007 to 13 May 2007

Class Days

---R----

Class Time

5:00 - 10:45 PM

Prerequisites

AC320

Credit Hours

3


Textbook:

Intermediate Accounting, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield (Twelfth Edition) Wiley, (ISBN 0-471-74955-9)

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

Educational Philosophy:

To create a safe environment for the learner realize his/her greatest potential. Specifically, this course teaches financial management and exposes the student to the methods that corporations use to assess risk and plan for the most effective use of their capital resources

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:

This course covers material found in chapters 13 through 24.   Class sessions will consist of discussion and lecture activities accompanied by a review of homework assignments and examinations.
Learning assessment will be based on: homework problems, class participation, and two exams.

Grading:

 

Homework sets            40 points each set       200 points

Midterm exam                                                 150 points

Final exam                                                       150 points

TOTAL POSSIBLE POINTS                          500 points


 
This course grade distribution is as follows:
A = 90% to 100%
B = 80% to 89%
C = 70% to 79%
D = 60% to 69%
F = 59% and below

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.

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.

Late Submission of Course Materials:
Because we will review the homework assignment in class and the answers will be revealed, late submission of assignments will not be accepted for any reason. This is done to protect the integrity of the class and in fairness to the students who submit their assignments without the benefit of seeing the correct answers.
If you cannot make it to class, email your homework assignment to the instructor or fax it to the
Park University office at 614-237-4629.

Classroom Rules of Conduct:

1. Respect the instructor's decisions/requirements
2. Respect other learners.
3. Participate in classroom discussions/exercises.
4. Take ownership of your education and complete assignments by the posted deadlines.
5. Remember, computers make completing assignments much easier and more productive. Students must recognize though, that technology can also cause problems. Printers run out of ink and hard drives crash. Students must be responsible for planning ahead and meeting deadlines in spite of technology.
6. Students will be expected to have read and studied the material assigned for that class and have completed the assigned homework problems.

Course Topic/Dates/Assignments:

Week one – 22 March
Read chapters 13 & 14prior to class. Homework for these chapters is as follows: chapter 13 -P13-2 & P13-4; chapter 14 - P14-5.
Week two – 29 March
Read chapter 15 & 16 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. Homework for this week is as follows: chapter 15 - P15-6 & P15-7; chapter 16 - P16-6
Week three – 5 April
Read chapters 17 & 18 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Homework for these chapters is as follows: chapter 17 - P17-8; chapter 18 - P18-1
Week four – 12 April
We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Midterm exam covering chapters 13 thru 18.
Week five – 19 April
Read chapters 19 & 20 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. Homework for these chapters is as follows: Chapter 19 - P19-7; chapter 20 - P20-2
Week six – 26 April 
Read chapters 21 & 22 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Homework for these chapters is as follows: chapter 21 - P21-15; chapter 22 - P22-10
Week seven – 3 May
Read chapters 23 & 24 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Homework for these chapters is as follows: chapter 23 - P23-2; chapter 24 - P24-3
Week eight – 10 May
We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Final exam in class covering all chapters. This is a comprehensive exam and will be used for assessment purposes.

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 .



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:3/6/2007 11:28:30 AM