Syllabus Entrance
Printer Friendly
Email Syllabus

AC 425 Advanced Accounting II
McCullick, Christopher M.


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 425 Advanced Accounting II

Semester

U1J 2011 PVS

Faculty

McCullick, Christopher M.

Title

Adjunct Faculty

Degrees/Certificates

Masters of Accountancy
CPA

Office Hours

By Appointment

Daytime Phone

816-914-0657

E-Mail

christopher.mccullick@park.edu

mccullick444@hotmail.com

Semester Dates

6/6/11 - 7/31/11

Class Days

------S

Class Time

9:00 - 1:20 PM

Prerequisites

AC420 & CS140 (or Equivalent)

Credit Hours

3


Textbook:
 

Fischer/Taylor/Cheng Advanced Accounting, 10e, South-Western Publishing

ISBN 0-324-37905-6

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
 

Please visit the Book's Online Learning Center at http://www.mhhe.com/whittington17ePlease also visit parkonline.org as it will be used to communicate assignments and other class announcements.

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:
AC425 Advanced Accounting II: Continuation of AC420. Course includes consolidated financial statements, and fund accounting. Prerequisite: AC420 and CS140 or equivalent. 3:0:3

Educational Philosophy:
Course will be presented through lecture, discussion, and problem-solving demonstration.  Homework, quizzes, projects, and exams will be given to reinforce concepts discussed in the classroom. 

Learning Outcomes:
  Core Learning Outcomes

  1. Record transactions to form and liquidate interests in a partnership.
  2. Prepare segment financial reports for large corporations.
  3. Analyze various business entities such as estates and trusts and other reorganizations due to corporate restructuring.
  4. Prepare financial statements and budgets for government and not-for-profit entities.
  5. Analyze the purpose and differences in fund accounting.


Core Assessment:

Description of the Core Assessment Instrument  Final Exam  

This assessment is designed to assess primarily Core Learning Outcomes #1 - #5 and will make up 30% of the course grade

Link to Class Rubric

Class Assessment:
 

Examinations - 2 (Mid-term and Final)

Homework - Weekly

Quizzes - Randomly

Project - 1 (Discussed during the first two lectures; due by the end of semester)

Grading:
 

Mid-Term Exam            90 points (30%)

Homework/Quiz           50 points (17%)

Final Exam                   90 points (30%)

Term Project                70 points (23%)

Total                          300 points (100%)

Grades will be assessed according to the following schedule:

90% 270-300 points=A

80% 240-269 points=B

70% 210-239 points=C

60% 180-209 points=D

Below 180 points = 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 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.

Late Submission of Course Materials:
 

All assignments are due at the start of the class period or at the time discussed when the assignment is posted (if that time differs from the class period).  The class starts at 9:00 am and assignments will not be accepted after that time.  All assignments that are not turned in at the start of class will receive a score of half-off or lower at the instructor's discretion.  Please refer to "Classroom Rules of Conduct" for further information.

Classroom Rules of Conduct:
 

No cell phones are allowed in class; nor any text messaging.  You may turn phone on vibrate for emergencies.  Please step outside to use the phone if an emergency arises.  The student will be asked to leave the class should they not be able to respect this rule.

Class starts at 9:00 am and students are expected to be present and prepared (book, calculator, pencil/pen, homework completed, chapters read, etc.).

Students are expected to attempt and complete all coursework assigned to them.  Refusal to perform work assigned, habitual late submission of work assigned, or plagerism/cheating of any kind will constitute grounds for receiving zero on assignment/quiz/test/homework and/or removal from class (if necessary) at the instructor's discretion.

Students are expected to read all assigned chapters prior to coming to class.  Note, chapter dialogue can sometimes be lengthy.  Please refer to the course topic outline below and coordinate with your work/personal schedule in advance.

In general, absences should be discussed in advance.  Students should alert the instructor via email or phone if they are going to be missing a class well in advance.

Course Topic/Dates/Assignments:
 

The following represents a tentative schedule for the semester.  All topics will be discussed on the applicable date unless notified during the semester otherwise.  Please read accordingly.

Dates 

Material Covered

Exams

June 11, 2011  

Chapters 1 & 2 Discuss Project

June 18, 2011

Chapters 3 & 4 Discuss Project

June 25, 2011

Chapters 5 & 6

July 2, 2011

Chapters 7 & 8,

July 9, 2011

Chapters 15 & 16

Mid-Term Exam

July 16, 2011

Chapters 17 & 18

July 23, 2011

Chapter 19, Review for Final

July 30, 2011

Final Exam, Term Project Due  

Final Exam

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2010-2011 Undergraduate Catalog Page 92

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. from Park University 2010-2011 Undergraduate Catalog Page 92-93

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 2010-2011 Undergraduate Catalog Page 95-96

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)
Core Learning Outcome #1 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Record transactions to form and liquidate interests in a partnership.                                                                                                                                                                                                                                                                                                                                                                                                                                                
Student correctly and consistently records transactions to form and liquidate interests in a partnership. Student prepares records to form partnerships but cannot correctly liquidate interests in a partnership. Student is not able to record transactions to form and liquidate interests in a partnership.  
Core Learning Outcome #2 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Prepare segment financial reports for large corporations.                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Student correctly and consistently prepares segment financial reports for large corporations. Student prepares segment financial reports for large corporate but does not apply the appropriate criteria. Student is unable to prepare segmented financial reports for large corporations.  
Core Learning Outcome #3 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Analyze various business entities such as estates and trusts and other reorganizations due to corporate restructuring.                                                                                                                                                                                                                                                                                                                                                                                               
Student correctly calculates and applies accounting theory to various business entities such as estates and trusts due to corporate restructuring. Student correctly calculates but may not apply accounting theory to the various business entities such as estates and trusts due to corporate restructuring. Student is unable to apply accounting theory as related to various business entities (estates and trusts) due to corporate restructuring.  
Core Learning Outcome #4 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Prepare financial statements and budgets for government and not-for-profit entities.                                                                                                                                                                                                                                                                                                                                                                                                                                 
Student correctly prepares financial statements and budgets for governmental and not-for-profit entities. Student prepares financial statements and budgets for governmental and not-for-profit entities that are not in accordance with standards. Student is unable to prepare financial statements and budgets for governmental or not-for-profit entities.  
Core Learning Outcome #5 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Analyze the purpose and differences in fund accounting.                                                                                                                                                                                                                                                                                                                                                                                                                                                              
Student correctly identifies the purpose and differences of fund accounting as compared to corporate entities. Student may identify the purpose of governments and/or not-for-profit entities but not identify differences in fund accounting. Student is unable to identify the purpose and differences of fund accounting as compared to corporate entities.  

Copyright:

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

Last Updated:5/17/2011 12:12:06 PM