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AC 202 Principles of Accounting II
Everett, Nancy B.


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

F2T 2010 DLC

Faculty

Dr. Nancy Everett

Title

Senior Instructor

Degrees/Certificates

Ph.D., University of Arizona
MA, Northern Arizona University
BA, Northern Arizona University

Office Location

OFFICE link

Office Hours

OFFICE link on weekdays

E-Mail

nancy.everett@park.edu

Semester Dates

October 18 through December  10, 2010

Class Days

TBA

Class Time

TBA

Prerequisites

AC201

Credit Hours

3


Textbook:
Fundamental Accounting Principles, 19th Edition,  Wild, Shaw and Chiapetta.  ISBN 13-9780077303204  This is the same text book you used for AC201.  We will be  studying chapters 13 through 24.

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/.
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.


Course Description:
Continuation of AC201with an emphasis on managerial uses of cost  information for planning and controlling a business.  Prerequisite: Class=AC201  or equivalent.  3:0:3

Educational Philosophy:
My philosophy is on of interactiveness.  Reading, quizzes, dialogue, examinations, working problems, and viewing of power points are all part of the learning in a skills course.  I am available to aid students with any area where there is lack of comprehension.  Questions are encouraged.

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:
Assessment consists of seven quizzes (10%), three exams (60%), and a final exam (30%).

Course Grading Scale
Graded Work

Discussion                 10%  (multiple questions weekly)
Homework                14%  (multiple problems weekly)
Quizzes                     10%   (4 multiple choice questions and 1 problem)
Hour Exams              36%  (10 multiple choice questions and 3 problems)
Final Exam                30%   (10 multiple choice questions and  5 problems)

Total Grade             100%
 A = 90- 100%
 B = 80-89% 
 C = 70-79% 
 D = 60-69%  
 F = < 60%  

Grading:
Course Grading Scale
Graded Work

Discussion                 10%  (complete all multiple questions weekly due by Friday)
Homework                14%  (complete multiple problems weekly and submit by Friday)
Quizzes                     10%   (4 multiple choice questions and 1 problem)
Hour Exams              60%  (10 multiple choice questions and 3 problems)
Final Exam                30%   (10 multiple choice questions and  5 problems)

Total Grade             100%
 A = 90- 100%
 B = 80-89% 
 C = 70-79% 
 D = 60-69%  
 F = < 60%  


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:
LATE WORK IS NOT ACCEPTED

Classroom Rules of Conduct:
Polite interchange is expected of all. 

A class week is defined as the period of time between Monday and Sunday at 12 A.M. CST.  You may contact me through  the office content area or by e-mail at my Park University address.  I will respond quickly, usually within 24 hours.  Course work that is to be turned in must be submitted within the specified time.  This includes the discussions and homework which are due by Friday of each week.  Students should use e-mail for private messages to the instructor.  The discussion and office areas are for public messages and are viewable by all member of the class. 

Course Topic/Dates/Assignments:
Week 1-Read chapter 13 & 14 Review the powerpoint presentations for the chapters.  Respond to the discussion questions.  Complete homework problems.  Once submitted, the solutions to these will be sent to you so you can check your answers.  Questions about answers you do  not understand are encouraged.  Do quiz #1 and send to the dropbox for grading.  This is an open book and open note quiz.   There are four multiple choice questions worth 1 point each and one problem worth 6 points. 

Week 2-Read chapter 15.   Review the powerpoint presentations for the chapter.  Respond to the discussion questions.  Complete the homework. Once submitted, the solutions to these will be sent to you so you can check your answers.  Questions about answers you do  not understand are encouraged.  Do quiz #2 and send to the dropbox for grading.  This is an open book and open note quiz.   There are four multiple choice questions worth 1 point each and one problem worth 6 points.   Take the First Exam covering material to date.  There are ten multiple choice questions worth two points each and three problems.  The points for each of the problems are indicated on the exam. 

Week 3-Read Chapter 16 and 17. Review the powerpoint presentations for the chapters.  Respond to the discussion questions.  Complete the homework problems.  Once submitted, the solutions to these will be sent to you so you can check your answers.  Questions about answers you do  not understand are encouraged.  Do quiz #3 and send to the dropbox for grading.  This is an open book and open note quiz.   There are four multiple choice questions worth 1point each and one problem worth 6 points. 

Week 4-Read Chapters 18 and 19. Review the powerpoint presentations for the chapters.  Respond to the discussion questions.  Complete homework problems.  Once submitted, the solutions to these will be sent to you so you can check your answers.  Questions about answers you do  not understand are encouraged.  Do quiz #4 and send to the dropbox for grading.     There are four multiple choice questions worth 1 point each and one problem worth 6 points.   Take the Second Exam . There are ten multiple choice questions worth two points each and three problems.  The points for each of the problems are indicated on the exam.

Week 5-Read Chapters 20 and 21. Review the powerpoint presentations for the chapters.  Respond to the discussion questions.  Complete the homework problems.  Once submitted, the solutions to these will be sent to you so you can check your answers.  Questions about answers you do  not understand are encouraged.  Do quiz #5 and send to the dropbox for grading.  This is an open book and open note quiz.    There are four multiple choice questions worth 1 point each and one problem worth 6 points.

Week 6-Read Chapter 22. Review the powerpoint presentations for the chapter.  Respond to the discussion questions.  Complete the homework problems.   Once submitted, the solutions to these will be sent to you so you can check your answers. Questions about answers you do  not understand are encouraged.  Do quiz #6 and send to the dropbox for grading.     There are four multiple choice questions worth 1 point each and one problem worth 6 points.   Take the Third Exam . There are ten multiple choice questions worth two points each and three problems.  The points for each of the problems are indicated on the exam.

Week 7-Read Chapters 23 and 24.Review the powerpoint presentations for the chapters.  Respond to the discussion questions.  Complete the homework.  Once submitted, the solutions to these will be sent to you so you can check your answers.  Questions about answers you do  not understand are encouraged.  Do quiz #7 and send to the dropbox for grading.  This is an open book and open note quiz.  There are four multiple choice questions worth 1 point each and one problem worth 6 points.

Week 8-Proctored 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.
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 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)
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:9/25/2010 12:27:53 PM