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AC 325 Intermediate Accounting II
Bartlett, Barbara Ann


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

S2J 2012 PVH

Faculty

Bartlett, Barbara Ann

Title

Adjunct Faculty

Degrees/Certificates

MBA - UMKC
BA - Accounting and Finance - Park University
CPA and CFE

Office Hours

Immediately before and after class

Daytime Phone

816-519-7489

E-Mail

barbara.bartlett@park.edu

dbbartlett29@sbcglobal.net

Semester Dates

3/19 - 5/7/2012

Class Days

-M-----

Class Time

5:30 - 10:00 PM

Prerequisites

AC320 Intermediate I

Credit Hours

3


Textbook:
Kieso, Weygandt Warfield (2012) Intermediate Accounting (14th Edition), ISBN - 13: 978-0-470-58723-2

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:
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:
Learning is a responsibility. It is the instructor’s responsibility to impart the information in a manner that is understandable and meaningful. It is the student’s responsibility to put the effort forth to comprehend the information and, if the student is not comprehending, to ask the instructor to clarify for understanding. Therefore, if you are working on a homework assignment that you are not able to figure out, please call me. You can reach me on my cell phone during the week Tuesday – Friday 5:00 p.m. – 8:00 p.m. and Saturdays 9:00 a.m. – 5:00 p.m. If I will not be available during these hours, I will make an announcement in class the week before.

This is a Blended Modality Course. Approximately 40% of the activities in the class will require you to have regular access using a reliable internet connection to eCompanion, the course website, accessed through Park.org or My Park. The course will be presented through lecture, discussions, in class problems and homework. There will be a total of six quizzes a mid-term exam and a comprehensive final exam. All assignments are to be submitted using the course website Dropbox, either in a word document or excel. All assignments will state what format to submit. Accounting is learned best by doing, and each student is expected to do all assignments.

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:
This is a Blended Modality Course. Approximately 40% of the activities in the class will require you to have regular access using a reliable internet connection to eCompanion, the course website, accessed through Park.org or My Park. The course will be presented through lecture, discussions, in class problems, online quizzes, activities and homework. There will be a total of six quizzes a mid-term exam and a comprehensive final exam. All assignments are to be submitted using the course website Dropbox, either in a word document or excel. All assignments will state what format to submit. Accounting is learned best by doing, and each student is expected to do all assignments.

Class will meet one night a week, on Monday. The amount of live classroom time has been decreased by 40% (2 hours) and substituted in eCompanion. You are expected to spend at least 2 hours a week in eCompanion in addition to the homework that would be the same in either modality.

You must answer at least one discussion question and comment on at least three other questions answered by your classmates. Comments must add to the question. If you do not agree with anyone else’s answer or comment derogatory answers or comments will result in points deducted from your grade. Additionally, you will be required to read the end of Chapter sections of IFRS and comment.

Grading:
 

Quizzes

25 pts each

150

Discussion Questions, Lessons Learned and Comments

20 pts each week

160

Homework

10 pts per chapter

100

Mid-Term Exam

100 pts

100

Final Comprehensive Exam

200 pts

200

TOTALS

710                      

Grades will be assigned as follows:

A = 90% (710 pts - 639 pts)

B = 80% (639 pts - 568 pts)
 
C = 70% (568 pts - 497 pts)
D = 60% (497 pts - 426 pts)
 
F = Below 60% (Below 426 pts)

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:
Class assignments are due on the dates and times stated, no further submissions of work are permitted. If there are mitigating circumstances that could cause late submissions, they must be discussed with the instructor in advance.

Classroom Rules of Conduct:
Each student is expected to do their own work, and be respectful of others during class discussions in the classroom and in the eCompanion. All cell phones are to be turned off during face-to-face class. Every student is expected to participate in classroom discussions. This is an accelerated program class, getting behind will not enable you to pass.

Course Topic/Dates/Assignments:
This course will expand on topics already communicated in AC201, AC202 and AC320. Students are expected to read the Chapters to be discussed in class before class meets.   As stated previously approximately 40% of this course is presented online in eCompanion. The scope of the activities is outlined below and will be communicated in eCompanion. You must access eCompanion on a regular basis to complete assignments and check for any new instructions or information and participate in the required activities.

The online portion of each week's class precedes the live class. The class week begins at 00:01 Central Time on the Monday of each week. The week ends at 23:59 on Sunday. Assignments will be due before Sunday in order to allow the instructor time to provide feedback on assignments before Monday's class begins. Below is the course schedule:
 
 

Reading

Assignment

Chapters are to be read before class

Live Classroom

Activities

Problems will be selected from the book and worked in class. All students are expected to contribute to solving the in-class problems.

Online

Activities

All Quizzes will be taken on-line. Each student is required to select one discussion question posted on line and provide an answer. Each student is also required to post comments to at least three other discussion questions answered by a fellow student. Each student is also required to comment on the IFRS section at the end of each chapter in the "Lessons Learned" section on line.

Homework

Assignment

All assignments are to be completed and submitted in the eCompanion dropbox by SUNDAY of the week assigned no later than 11:59 p.m. unless otherwise notified.

WEEK 1

Chapter 15

Introduction

Lecture on assigned Chapters

In class problems and discussions

QUIZ 1


Answer and comment on Discussion questions posted and Lessons Learned in IFRS section of Chapter 15

P15-12

WEEK 2

Chapter 16

Chapter 17

Lecture on assigned Chapters

In class problems and discussions

QUIZ 2

Answer and comment on Discussion questions posted and Lessons Learned in IFRS section of Chapters 16 and 17

P16-1

P17-1, P17-8

WEEK 3

Chapter 18

Chapter 19

Lecture on assigned Chapters

In class problems and discussions

QUIZ 3

Answer and comment on Discussion questions posted and Lessons Learned in IFRS section of Chapter 18

P18-5

WEEK 4

Chapter 19

Chapter 20

Lecture on assigned Chapters

In class problems and discussions

MID-TERM EXAM

Answer and comment on Discussion questions posted and Lessons Learned in IFRS section of Chapters 19 and 20

P19-4, P19-5 and P19-6

P-20-12

WEEK 5

Chapter 21

Chapter 22

Lecture on assigned Chapters

In class problems and discussions

QUIZ 4

Answer and comment on Discussion questions posted and Lessons Learned in IFRS section of Chapters 21 and 22

P21-2

P22-6

WEEK 6

Chapter 23

Lecture on assigned Chapter

In class problems and discussions

QUIZ 5

Answer and comment on Discussion questions posted and Lessons Learned in IFRS section of Chapter 23

P23-5 and P23-8

WEEK 7

Chapter 24

Lecture on assigned Chapters

In class problems and discussions

QUIZ 6

Answer and comment on Discussion questions posted and Lessons Learned in IFRS section of Chapter 24

P24-4

WEEK 8

Final Comprehensive Exam

Answer and comment on Discussion questions posted .

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:3/9/2012 8:33:10 AM