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AC 325 Intermediate Accounting II
Harrison, Kyle R.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

AC 325 Intermediate Accounting II

Semester

S1J 2012 PV

Faculty

Harrison, Kyle

Title

Instructor/Adjunct Faculty

Degrees/Certificates

Master's in Business Administration (MBA)
BS Healthcare Management

Office Hours

Before and after class

Other Phone

816-547-0947

E-Mail

kyle.harrison@park.edu

kyle.harrison@cerner.com

kyle_harrison@att.net

Semester Dates

January 16, 2012 - March 11, 2012

Class Days

------S

Class Time

9:00 AM - 1:30 PM

Prerequisites

AC320 (Intermediate Accounting I) and CS140 (Computer Science) or equivalents

Credit Hours

3


Textbook:
Kieso, Weygandt, & Warfield. (2012). Intermediate Accounting (14th ed.). Wiley Publishing. ISBN 9780470587232

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Recommended - a calculator capable of calculating the internal rate of return, present and future value.

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:
AC325 Intermediate Accounting II: Continuation of AC320. Course includes current assets and liabilities, plant, property and equipment; long term liabilities; and shareholders equity. Prerequisite: AC320 and CS140 or equivalent. 3:0:3

Educational Philosophy:
To develop an environment that is conducive to learning, an environment that enables the learner to develop his or her true potential.  Specifically, this class teaches you to think analytically and critically; to communicate succintly and clearly; and to take ownership of your own learning.

Learning Outcomes:
  Core Learning Outcomes

  1. Record operating and capital leases.
  2. Compute earnings per share.
  3. Journalize long-term construction transactions.
  4. Compute and record deferred income taxes.
  5. Record the declaration of stock dividends and stock splits.
  6. Account for pensions and post-retirement benefits.


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:

The class assessment includes weekly homework problems and three exams.
 
Homework Problems:  Each week you will submit assigned problems covering the material for that week.  I will not be grading for accuracy but will grade you for completion of these homework assignments.  Homework is due each week before class.  Homework submitted after this time will not be accepted .  You should proactively make alternative arrangements to forward homework to me, if necessary.  The answers to the problems will be posted in our online classroom before the start of class the following week for you to make corrections and ask questions.
  
 
Exams:  This course consists of three exams.  You will be notified in advance of changes in the material tested.  Material from the class discussions, in-class problems/questions, and homework problems will be covered in the exams.  Exams include conceptual and computational multiple choice questions and problems.
 
Attendance/Class Participation:   Attendance will be taken at the beginning of each class period.  You are expected to attend class and participate in class discussions.  This component is worth 10 points of your final grade, determined as follows:
 
Present < 6 times 0 Points
Present 6 times 5 Points
Present 7 - 8 times 10 Points

Grading:

Final grades are determined as follows:
 
Points %
Weekly Homework (20 pts each)  140 23.3
Exam 1 (Chaps. 13,14,15,16) 135 22.5
Exam 2  (Chaps. 18,19,20,21) 135 22.5
Exam 3  (Comprehensive; ALL Chapters) 180 30.0
Attendance/Participation 10 1.7
Total 600 100.0
 
Grades are computed using the following scale; however, I reserve the right to make adjustments:
 
Grade Percentages Points
A 90 - 100% 540 - 600
B 80 - 89% 480 - 539
C 70 - 79% 420 - 479
D 60 - 69% 360 - 419
F Less than 60% Less than 360

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:

Odd things happen in cyberspace (e.g., emails get lost, servers disconnect temporarily, logins are impossible). Please don't wait until the last moment to get things done. Allow time to meet deadlines. You are responsible for getting the work to me on time. Since you have one week to submit your assignments, no credit will be given for late submissions unless there are special circumstances. You must contact me in advance to arrange for an extension.

Classroom Rules of Conduct:
The classroom rules of conduct are as follows:  1. Respect the instructor including decisions/requirements; 2. Respect your classmates; 3. Participate in classroom discussions/exercises; 4. Take ownership and complete assignments on time; 5. Notify instructor of any possible absences or missed deadlines; 6. Silence cell phone during class and only use during class sessions if an emergency situation arises & 7. Any other rules that come up during the course of the semester.

Course Topic/Dates/Assignments:

Week

Date

Subject Read Assignment Due

1

1/21/12

Introduction to class and syllabus
Chapter 13 – Current Liabilities & Contingencies
Chapter 14 – Long-Term Liabilities


Ch. 13
Ch. 14

2

1/28/12

Chapter 15 – Stockholders' Equity

Chapter 16 – Dilutive Securities & EPS
 
Distribute Take Home Exam 1 (Chaps. 13, 14, 15, 16)

Ch. 15

Ch. 16

Homework #1 (chaps. 13 & 14)

3

2/4/12

Chapter 16 (cont'd) – Dilutive Securities & EPS

Chapter 18 – Revenue Recognition

Ch. 16
Ch. 18

Homework #2 (chaps. 15 & 16)

4

2/11/12

Chapter 19 – Accounting for Income Taxes

Chapter 20 – Accounting for Pensions and Postretirement Benefits
 
Distribute Take Home Exam 2 (Chaps. 18-21)

Ch. 19

Ch. 20

Homework #3 (chaps. 16 & 18)

Take Home Exam 1

5

2/18/12

Chapter 21 – Accounting for Leases

Ch. 21

Homework #4 (chaps. 19 & 20)

6

 

 

2/25/12

Chapter 22 – Accounting for Changes & Error Analysis
 
Chapter 23 - Statement of Cash Flows
Ch. 22
Ch. 23
Homework #5 (chapter 21)
 
Take Home Exam 2

7

3/3/12

Chapter 23 (cont'd) - Statement of Cash Flows
 
Chapter 24 - Full Disclosure in Financial Reporting

Review for Exam 3 (comprehensive; covers chapters from Exams 1 and 2, and 22, 23, 24)

Ch. 23
Ch. 24
Homework #6 (chaps. 22 & 23)
 
 

8

3/10/12

Exam 3 (comprehensive; covers chapters from Exams 1 and 2, and 22, 23, 24)

Homework #7 (chaps. 23 & 24)

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 2011-2012 Undergraduate Catalog Page 93

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 2011-2012 Undergraduate Catalog Page 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 2011-2012 Undergraduate Catalog Page 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 for recording operating versus capital leases 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 recording operating versus capital leases 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 recording operating versus capital leases 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 recording operating versus capital leases 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
1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to recording operating and capital leases
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 recording operating and capital leases
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 recording operating and capital leases
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 recording operating and capital leases
Question 20
Less than 50%
 

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Last Updated:12/5/2011 1:48:35 PM