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AC 202 Principles of Accounting II
Atwater, Justin J.


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

F1QQ 2008 HI

Faculty

Atwater, Justin J.

Title

Adjunct Faculty

Degrees/Certificates

Bachelor of Accountancy - Brigham Young University
Masters of Accountancy - Brigham Young University
Juris Doctorate - University of Utah

Office Hours

By Appointment

Daytime Phone

913-0258

E-Mail

justin.atwater@park.edu

jatwater@djplaw.com

Semester Dates

8/18/08 - 10/12/08

Class Days

-M-W---

Class Time

7:30 - 10:15 PM

Prerequisites

AC 201 Principles of Accounting I

Credit Hours

3


Textbook:

Fundamental Accounting Principles - With Circuit City Report
   Author: Wild, John J. / Larson, Kermit D. / Chiappetta, Barbara
   Edition:  18TH 07
   ISBN: 0-07-327110-1
   Publisher: Richard D. Irwin, Inc.

 

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.
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Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
AC202 Principles of Accounting II: Continuation of AC201 with an emphasis on managerial uses of cost information for planning and controlling a business. Prerequisite: AC201 or equivalent. 3:0:3

Educational Philosophy:
The study of accountancy naturally lends itself to hands on real-world application.  We will explore managerial uses of cost information for planning and controlling a business through in-class problem solving, group interaction, lectures and in-class discussion.  Students will devote out-of-class time to reading and solving sample problems and be prepated to engage in classroom disussion.  Students will demonstrate their mastery of the subject through quizess and examinations.

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 final exam for AC 202 will be the assessment tool used for this course. The exam will be comprehensive and the grade used to determine competency levels achieved by the students. The exam will be closed book and closed notes. The exam consist of 10 multiple choice questions covering the chapter readings in the course and five problems that examine the critical thinking, effective communication skills and technical skills of the student. The first problem will address Accounting for Corporations, Long Term Liabilities and Investments or International Operations. The second problem will cover Cash Flows, Financial Statement analysis or Managerial Concepts. The third problem will address Job Order Costing, Process Costing or Cost Allocation. The last two problems address issues of Cost-Volume-Profit Analysis, Master Budgets or Flexible Budgets and Standard Cost. Partial credit will be given for the problems.

Link to Class Rubric

Class Assessment:

  • 3 Examinations - 2 Midterms and Final
  • 10 Quizzes - Randomly throughout term
  • 10 Assignments/Homework - Randomly throughout term
  • In-class participation/discussion
  • Grading:

    • 3 Examinations 
                   Midterm Exam 1 - 200 points 
                   Midterm Exam 2 - 200 points     
                   Final Exam -   300 points
    • 10 Quizzes - 10 points each/100 points total
    • 10 Assignments/homework - 10 points each/100 points total
    • In-class participation/discussion - 100 points

    The following will be used to assign letter grades

                            90-100 ………………….A

                            80-89…………………….B

                            70-79…………………….C

                            60-69…………………….D

                            Below 60..……………….F

    The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

    All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. 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 Dean of the School of Business and Management.

    Late Submission of Course Materials:
    • Examinations: no late submission will be allowed unless prior arrangement is made with the instructor or in extenuating circumstances.
    • Quizzes: no late submission will be allowed.  Quizzes will be administered randomly throughout the term.  If a student is not in attendance on a day a quiz is administered, no make-up will be permitted.  Students will be allowed to drop the two lowest quiz scores.
    • Assignments/Homework: assignments may be submitted late with a 5 point penalty for each week for which a given assignment is late.

    Classroom Rules of Conduct:
    Each student is expected to attend every class unless excused.  Students are expected to come prepared to engage in classroom discussion and participate in real-world scenarios.  Distractions will not be allowed.  To foster a learning atmosphere, all distruptive students will be asked to leave.

    Course Topic/Dates/Assignments:

     August 18 - Chapter 13 Corporations

    a.       Read: Chapter 13

    b.      Homework: 13-2A

    2.      August 20 - Chapter 14 Long Term Financing

    a.       Read: Chapter 14

    b.      Homework: 14-4A

    3.      August 25 – Chapter 15 Long Term Investments

    a.       Read: Chapter 15

    b.      Homework: 15-5A

    4.      August 27 – Chapter 16 Statement of Cash Flows

    a.       Read: Chapter 16

    b.      Homework: 16-1A

    5.      September 1 – Chapter 17 Analyzing Financial Statements

    a.       Read: Chapter 17

    b.      Homework: 17-5A

    6.      September 3 – Chapter 18 Managerial Accounting

    a.       Read: Chapter 18

    b.      Homework: 18-8A

    7.      September 8 – Midterm Exam 1 (200 points)

    a.       Preparation: Review Chapters 13-18, Homework questions and quizzes

    8.      September 10 – Chapter 19 – Job Order Costing

    a.       Read Chapter 19

    b.      Homework: 19-1A
     
    September 15 – Chapter 20 Process Cost Accounting

    a.       Read: Chapter  20

    b.      Homework: 20-5A

          September 17 – Chapter 21 Cost Allocation

    a.       Read: Chapter 21

    b.      Homework: 21-5A

          September 22 – Chapter 22 Cost-Volume-Profit Analysis

    a.       Read: Chapter 22

    b.      Homework: 22-3A

          September 24 – Chapter 23 Master Budgets

    a.       Read: Chapter 23

    b.      Homework: 23-4B

          September 29 – Midterm Exam 2 (200 points)

    a.       Preparation: Review Chapters 19-23, Homework questions and quizzes

          October 1 – Chapter 24 Standard Costing

    a.       Read: Chapter 24

    b.      Homework: 24-4A

          October 6– Chapter 25 Capital Budgeting

    a.       Read: Chapter 25

    b.      Homework: 25-2A

          October 8 – Final Exam (300 points)

    a.       Preparation: Review Chapters 13-25, Homework questions, and quizzes

    b.      *Note: The Final Exam is comprehensive. Notwithstanding, particular emphasis will be placed on Chapters 24 and 25.

    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 2008-2009 Undergraduate Catalog Page 87

    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 2008-2009 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 "F".
    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 2008-2009 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:
    I look forward to working with you as we explore the world of Accountancy.



    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:7/19/2008 12:42:23 AM