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AC 202 Principles of Accounting II
Werts, Brenda Marie


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

U1T 2007 DLH

Faculty

Werts, Brenda M.

Title

Senior Instructor

Degrees/Certificates

Masters of Science
Masters of Public Affairs

Office Location

TBA

Office Hours

TBA

Daytime Phone

(210) 520-6792  (Please no calls after 9:00 pm CST);

E-Mail

Brenda.Werts@Park.edu

Web Page

http://captain.park.edu/Werts

Semester Dates

Monday, June 4, 2007, thru Sunday, July 29, 2007

Class Days

TBA

Class Time

TBA

Prerequisites

AC201

Credit Hours

3


Textbook:

Larson, K.D., Wild, J.J., & Chiapetta, Barbara. (2005). Fundamental Accounting Principles (18th ed.) New York:McGraw-Hill-IRWIN.   

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

A knowledge of excel is helpful, but is not required for this course.  A small, basic handheld calculator is recommended.


 


 

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.

http://www.aicpa.org/index.htm
http://www.tscpa.org
http://www.irs.gov
http://www.mhhe.com/larson
http://swlearning.warren

Course Description:
Continuation of AC 201 with an emphasis on managerial uses of cost information for planning and controlling a business.  Pre-requisite: AC201 or equivalent.  3:0:3

Educational Philosophy:
My educational philosophy regarding the roles and responsibilities of an instructor has a direct impact on student performance and success in the classroom. My instructional methodology used in the online classroom is as follows:
1. Course Organization: The instructor must reinforce core learning outcomes, conduct the course according to the expectations and schedule presented in the syllabus, and be consistently well-prepared & organized. Further, students must know on a daily/weekly basis what is expected of them.
2. Instruction: The instructor must be a subject-matter expert. Being a technical expert in the accounting field is crucial to gaining student confidence. The instructor must be able to explain concepts clearly and effectively. Further, the instructor must stress important points in information resources (lectures, discussions, etc). Finally, the instructor must strengthen students' understanding of course concepts through various interactions. However, my technical knowledge does not mean that I do not learn from my students. An instructor who coveys this message to students will typically enjoy a more lively class.
3. Interaction and Discussion: To effectively fulfill this role, I must lead & participate actively in class discussions. This includes communicating clearly & meaningfully in course discussions, and stimulating ongoing discussion that leads to higher thinking (particularly applicable to ethics discussions). In doing so, I become a facilitator of learning. Finally, the instructor must be responsive to student questions.
4. Assessments, Grading and Feedback: The instructor must be clear and specific in assignment directions and evaluation criteria. The instructor must provide helpful, individualized, and constructive feedback on all assignments including the following: correcting errors, highlighting strengths, and providing suggestions for improvement. To enhance the learning process, grading and feedback must be completed in a timely manner. The instructor must keep students informed of their progress in the course. Lastly, overall course grades must accurately represent students' mastery of course objectives.
5. Classroom Climate: The instructor must maintain a positive atmosphere in the classroom. This includes being sensitive to student difficulty with course work and being easy to communicate with and available for consultation.
6. Professional Engagement: This includes being responsive to formative feedback (from both students and classroom evaluators) to enhance course facilitation/management throughout the term. It also includes staying abreast of recent developments in the accounting arena. I fulfill this responsibility by reading articles in The Journal of Accounting Education and various business publications. Also, I routinely make use of textbook publisher's companion websites. These sites are continuously updated with links to articles, message boards, etc. to keep instructors up-to-date.

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. The Accounting Education Change Commission states that the overriding objective of all accounting courses is to teach students to learn on their own, focusing on developing analytical and conceptual thinking. In Principles of Accounting II, such learning includes an understanding of the accounting fundamentals of measurement, valuation, interpretation and presentation in their relationship to the management decision-making process within an organization.
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:

1. Assigned homework for each chapter

 2. Chapter Quizzes

 3. Three exams

 4. Proctored final exam
 
 5. Extra Credit

Grading:

The grading scheme is as follows for the course:

Quizzes                               700 points

Discussion Thread               100 points total for all weeks of participation

Hour exams                        300 points                       

Final Exam                          300 points 
 
Total Maximum                  1400 points
 
A = 90-100% Of total possible points

B = 80-89%   "    "       "       "

C = 70-79%   "    "       "       "

D = 60-69%   "    "       "       "

F = < 60%      "    "       "       "

The instructor resevres the right to curve the final average for each student A final proctored examination will be taken in a proctored testing environment during the 8th (or 16th) 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.   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.

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:
Late work is not accepted without prior approval of the instructor.

Classroom Rules of Conduct:
The classroom is a place of learning.  No conduct by any member of the class that would reduce the ability of all class members to learn will be accepted.  One request will be given to end such conduct, and if the conduct continues the class member will be asked to leave.  The instructor will have the final decision in such matters.

Course Topic/Dates/Assignments:
Week 1: Corporations and Long-Term Liabilities Chapters 13 and 14
Problem 13-2A, Exercises 14-2 and 14-6, and Problem 14-4A (Self-check)
Quiz 1 (Graded)

Week 2
: Investments and International Operations Chapter 15
Problems 15-4A and 15-6A (Self-check)
Quiz 2 (Graded)
First Hour Exam (Graded)

Week 3
: Statement of Cash Flows and Financial Statement Analysis Chapters 16 and 17
Problems 16-1A, 17-4A and 17-5A (Self-check)
Quiz 3 (Graded)

Week 4
: Managerial and Job Order Cost Accounting Chapters 18 and 19
Exercises 18-1, 18-5, 18-6, 19-2 and Problem 19-1A (Self-check)
Quiz 4 (Graded)
Second Hour Exam (Graded)

Week 5
: Process Cost and Cost Allocation/Performance Chapters 20 and 21
Exercise 20-5, Problems 20-1A, 21-2A and 21-4A (Self-check)
Quiz 5 (Graded)

Week 6
: Cost-Volume-Profit Analysis Chapter 22
Problems 22-4A and 22-5A (Self-check)
Quiz 6 (Graded)
Third Hour Exam (Graded)

Week 7
: Master Budgets and Flexible Budgets Chapters 23 and 24
Problems 23-5A, 24-1A and 24-2A (Self-check)
Quiz 7 (Graded)

Week 8
: Proctored Final Examination & Student Survey of Online Teaching  

 

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
Cheating will not be tolerated.  Exams and quizzes will be completed on your own.  

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 .

Additional Information:

This is not a bookkeeping course.  The student is expected to learn not only how to record financial transactions, but why they are recorded.  It will focus on the principles of financial accoutning rather than the the bookkeeping function.  Accounting is said to be the "language of business". It has its own terms and understanding these will be one of the biggest challenges to the beginning accounting student.  As with any language, mastery comes with using the new words and terms.  Raise questions and express yourself in class as often as possible.


Topics to be covered:


1.  Accounting Model


2. Accounting Cycle


3. Accounting for Merchandising Concerns


4. Internal controls


5. Classsification of the Accounts


6. Generally Accepted Accounting Principles (GAAP)


 




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:5/21/2007 1:38:16 PM