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AC 320 Intermediate Accounting I
Corwin, Theodore


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

AC320 Intermediate Accounting I

Semester

S1E 2008 PE

Faculty

Corwin, Theodore

Title

Senior Professor/Business

Degrees/Certificates

MBA/ Business Management Core Accounting/ HRM

Office Location

On Line / Theodore.Corwin@Park.edu

Office Hours

Open via Email

Daytime Phone

760-966-1965

E-Mail

Theodore.Corwin@Park.edu

scapo@cox.net

Semester Dates

January 14th -- March 09th, 2008

Class Days

-M-W---

Class Time

4:45 - 7:25 PM

Prerequisites

AC220, CS 140

Credit Hours

3


Textbook:

 INTERMEDIATE ACCOUNTING, 12TH Ed.  KIESO, WEYGANDT, WARFIELD; Wiley Puublisher\ISBN 0--471-74955-9 or a different text book that is the same edition and text.

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:

A study of the theoretical and technical basis of current practices. Course includes basic theory, analysis of financial statements and accounting changes. Emphasis is on compliance with GAAP applied to business problems. 3:0:3

Educational Philosophy:
Each student must experience the fundamental effort of problem solving and preparing the formal information as it relates to a Financial Accounting  solutions. This can only be done when the student makes a strong effort to process all the class requirements. Homework, class assignments and testing are of major concern in this process, but classroom participation and team effort also is  part of the effort asked of for each and every member of the class. Supporting those who make the effort is how I view my role as an instructor. No special treatment for exceptional students, just treat all farly so that there will be success and growth to all who make the effort. As an instructor I set proper standards and help each student reach the necessary level of performance to succeed.

Learning Outcomes:
  Core Learning Outcomes

  1. Compute and record the cumulative effects on prior years of a change in accounting principles.
  2. Recognize and record discontinued operations and extraordinary expenses.
  3. Using straight line and declining balance methods, calculate and record depreciation expense.
  4. Using present value concepts, analyze retirement, investment and purchase alternatives.
  5. Account for investments.
  6. Record the purchase and amortization of intangible assets.


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:
Examinations including, mid term and final, case studies or homework with presentations, homework and a written position paper with oral presentation will be used for grading. 

Grading:

Final Examination            300 points
Mid term                        150
Case studies*                 175
Homework*                   125
Classroom Participation  100
Position Paper (term)      150
               Total               1000
* homework & case will be assigned weekly but not during final, or mid term, see class assignments.
 

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:
Later assignments will be accepted, a reduction of points = grade reduction will be applied. If  you contact me prior to the due date with your concern for possable lateness and I can clearly see no solution and may allow for no points lost on a case by case review.  No assignments will be accepted after three late class meetings. Example we meet M-W and you did not turn in your assignment for M. You can't turn it in after the next W,M,W. That would also be the dropp date if you missed all the classes listed.
 
Grade reduction is 10% of  earned grade per each late date.

Classroom Rules of Conduct:

Students are expected to attend all scheduled class meetings and be present on time and for the full class periods. Each student brings to the class their own experiences, questions and interest, this helps produce an atmosphere of learning for all. absenteeism and tardiness, regardless of the cause, reduces academic achievement and may be disruptive. Classes missed will be recorded as absent and will have an effect on participation grade and can therefore effect your final grade. Any conduct that does not support a positive learning atmosphere will not be allowed. You are required to be in class with all necessary classroom tools; including class text books , pens, writing tools, note paper, calculators and any other supplies needed for your success. This also means that the reading of assignments should be done at the proper time (before the class meetings. Please exam the note taking system known as the "Cornell Note taking system" it is the best and can be found on line.

Course Topic/Dates/Assignments:

Before the start of class you can begin your reading assignments.
Each chapter has a set of " key terms", you should learn these.
You will be assigned homework and cases from the chapters you read and then you are to select two "Review Questions" from each assigned chapter. Three chapters means 6 questions.  Each week you will be given a Comprehensive Case to develop. During week one a "handout" on style and grading will be issued. This assignment may be done alone or a team setting. This will depend on size and other factors in the class. Be ready in each class to talk and expand the case covered during that week. 
Week # 1    Read chapters 1, 2& 3. Homework rules discussed in 1st class.
                                                        Homework Ch #1 Answer questions 1,5,12,15,21,28 & 30
                                                        Homework Ch # 2 Brief Exercises: 2,3,4,5,6,7 &9; Exercises: 2,3 & 4 
                                                        Homework Ch 3 Brief Exercises 2, 3, 4, 5, 7, 8, 10.11.12 & 13 Exercises 7
Week # 2   Read chapters 4& 5.     Homework assigned during week one class.                   
Week # 3  Read chapters 6            Homework assigned during week two class
Week # 4  complete readings and review for mid term
                  Mid term, Homework assigned during class for week 5
Week # 5   Read chapters 7, 8 & 9 Homework assigned during week 5
                                                      Oral presentations will be presented 
Week # 6  Read chapters 10 & 11  Homework assigned during week 6
                                                      Oral presentations will be presented 
Week # 7 Read chapter 12            Homework assigned during week 7
                                                      Oral presentations will be presented   
Week # 8 complete readings and review for final
 Additional Oral presentations as necessary. Review for Final
 
Final two hour examination, closed book, no notes.
Additional Oral presentations as  necessary.
Position Paper due of the close school, March 06 /2008.  
 
 

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 2007-2008 Undergraduate Catalog Page 85-86

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 2007-2008 Undergraduate Catalog Page 85

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.
  3. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  4. 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".
  5. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  6. 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.
  7. 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 2007-2008 Undergraduate Catalog Page 87-88

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 changes in accounting principles 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 changes in accounting principles 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 changes in accounting principles 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 changes in accounting principles 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 accounting for investments
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 accounting for investments
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 accounting for investments
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 accounting for investments
Question 20
Less than 50%
 
Technical Skill in Communicating written essay                                                                                                                                                                                                             
Outcomes
1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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 an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
100-80 %
 
Student will demonstrate an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
60-79%
 
Student will demonstrate an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
50-59%
 
Student will demonstrate an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
Less than 50%
 

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Last Updated:12/17/2007 8:21:40 PM