Syllabus Entrance
Printer Friendly
Email Syllabus

AC 202 Principles of Accounting II
Kao, Robert


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

SP 2009 HOA

Faculty

Kao, Robert, Ph.D.

Title

Visiting Assistant Professor of Finance

Degrees/Certificates

Ph.D. - Texas A&M University
M.S. - Univ. of Nebraska-Lincoln

Office Location

Norrington 2B

Office Hours

Monday 2:00-3:00 or Tuesday 1:00-2:00 or by appointment

Daytime Phone

816-584-682

E-Mail

robert.kao@park.edu

Class Days

-M---F-

Class Time

11:00 - 12:15 PM

Prerequisites

AC201 or equivalent

Credit Hours

3


Textbook:
Fundamental Accounting Principles, 18th Edition
Author: Wild, Larson, and Chiappetta
ISBN: 978-0-07-326648-0

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:
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:

  • Establish a classroom where ideas can be shared, students can be challenged in areas of topic learning and real knowledge can be exchanged.
  • Create an interactive environment which is based on lectures, readings, quizzes, dialogues, examinations, assignments, websites, and topic-related writings.
  • Motivate the class with available on-campus seminars/speakers that would support student learning.

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:
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.

Grading:

The grading criteria is as follows for the course:

Quizzes             10%  (7 total; each contains 4 multiple Choice questions-10 points each and 1 problem - 60 points)
Hour Exams       60% (3 total; each contains 10 multiple Choice questions and 3 problems)
Final Exam        30%  (One; 10 multiple choice questions and 5 problems)
Total Grade      100%
 
The quizzes will be a combination of open book in-class and closed book in-class.  The hour exams will be closed book, closed notes in-class.  The final exam will be comprehensive with one problem from chapters 13-15, one problem from chapters 16-18, one problem from chapters 19-21 and two problems from chapters 22-24. It will be closed book.

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:
Late submission of material will not be accepted without prior arrangements being made with the instructor. No late assignments will be accepted after the regular semester ends.

Classroom Rules of Conduct:
Use of cell phones, pagers, iPOD, or other electronic device is strictly prohibited from class. Should a student be expecting some sort of emergency phone call (IE baby, child, parent illness) it is the student's responsibility to make the instructor away of the possibility of leaving the class to take a call. With exception to the above listed examples, all phones should be turned off prior to class beginning.

Course Topic/Dates/Assignments:
   

No.

TOPIC

ASSIGNMENT

1.

Introduction

None

2.

Accounting for Corporations

Read Chapter 13

3.

Ditto

P13-2A

4.

Long-term liabilities

Read Chapter 14

5.

Ditto

E14-2, E14-6, P14-4A

6.

Long-term Investments & International Accounting

Read Chapter 15

7.

Ditto

P15-4A, P15-6A

8.

Exam 1

None

9.

Statement of Cash Flows

Read Chapter 16

10.

Ditto

P16-1A

11.

Analyzing Financial Statements

Read Chapter 17

12.

Ditto

P17-4A, P17-5A

13.

Managerial Accounting

Read Chapter 18

14.

Ditto

E18-1, E18-5, E18-6, E18-11

15.

Exam 2

None

16.

Job Order Cost Accounting

Read Chapter 19

17.

Ditto

E19-2, P19-1A

18.

Process Cost Accounting

Read Chapter 20

19.

Ditto

E20-5, P20-1A

20.

Cost Allocation

Read Chapter 21

21.

Ditto

P21-2A, P21-4A

22.

Exam 3

None

23.

Cost-Volume-Profit Analysis

Read Chapter 22

24.

Ditto

P22-5A, P22-6A

25.

Master Budgets

Read Chapter 23

26.

Ditto

P23-5A

27.

Flexible Budgets

Read Chapter 24

28.

Ditto

P24-1A, P24-2A

29.

Final Exam

None



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 .



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%

 

Copyright:

This material is protected by copyright
                               and can not be reused without author permission.

Last Updated:1/6/2009 11:43:29 PM