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AC 202 Principles of Accounting II
Mugleston, Theran K.


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 202 Principles of Accounting II

Semester

S2T 2013 DLB

Faculty

Mugleston, Theran K.

Degrees/Certificates

AS Office, BS Accounting, MBA, PhD Management/Administration

Office Location

104 Ridgefield Drive, Dandridge, TN

Office Hours

24/7 via email, fax, and phone

Daytime Phone

865-484-1980

Other Phone

Fax 865-484-1989

E-Mail

Theran.Mugleston@park.edu

fin_serv@yahoo.com (notice the underscore between the n & s)

Semester Dates

March 18, 2013, through May 12, 2013

Class Days

TBA

Class Time

TBA

Prerequisites

Accounting 201 or equivalent

Credit Hours

3


Textbook:

The text is a standard text used in numerous Universities and treats the topic of introductory accounting in great detail. A knowledge of excel is helpful, but is not required for this course.

Wild, J. J., Shaw, K. W., & Chiapetta, B. (2011). Fundamental Accounting Principles. (20th Ed). McGraw-Hill Irwin: Boston.

ISBN: 978-0-07-7405144

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:
AC202 Principles of Accounting II: Continuation of AC201 with an emphasis on managerial uses of cost information for planning and controlling a business. Prerequisite: AC201 or equivalent. 3:0:3

Educational Philosophy:

Class,

Your instructor's educational philosophy is one based on consideration for others, interaction between students including open questions and providing assistance to one another.

I have found in teaching this course that those classes that use this forum to ask questions, seek assistance, and to provide help do better than those classes that do not interact one with another.

Accordingly, please, please, please, ask questions, seek help, don't be afraid to ask! If you have a problem the probability is that there are others in the class with the same problem. It is not a sign of weakness or being "stupid" to ask questions, to seek help. If something needs to be clarified, ask!

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:

Class Assessment

  • Accounting 202 consists of 7 quizzes (one each week--weeks 1-7), 3 mid-term exams (weeks 2, 4, & 6), and a final exam (proctored).
  • There are weekly discussion topics, each week is worth 3 points, for a total (7 weeks) 21 points.

There are weekly quizzes for weeks 1-7.  Grading is as follows:  Weeks 1-6 are worth 1.4 (100% = 1.4) points each, week 7 is worth 1.6 (100% in week 7 = 1.6) points; totaling 10 points (100% on all weekly quizzes = 10 course points).

There are 3 mid-term exams.  They are scheduled during weeks 2, 4, and 6.  Each is worth 13 points (100% on each of these midterm exams = 13 course points) for a total of 39 points.

The final exam (proctored exam) is given in week 8, it is worth 30 points (100% = 30 course points).

Total points possible, 100, or 100%.

  • Proctored final examination (I cannot give a student a grade unless the final proctored exam is taken)

o    A final proctored examination will be taken in a proctored testing environment during the 8th week at one of the Park University sites around the country or at an alternative location.  For proctored examinations, photo identification is required at the time of the test.  Guidelines for selecting an acceptable proctor can be found on the Park University Website. 

o    Other Information on proctored exams:

§ It will be the responsibility of the student to arrange for a proctor, by the 6th week of the term, who is accepted and approved by the course instructor. 

§ Approval of proctors is the discretion of the Online instructor. 

§ A proctor request form will be made available to you during the first week of class so that you can send your requested proctor to your instructor for approval. 

§ Failure to take a final proctored exam (or submit your final project for some online graduate courses) will result in an automatic "F" grade.

  • Summary
  • Quizzes 1.4 points for weeks 1-6, week 7 1.6 points:  total 10 points

    3 mid-term exams each 13 points total 39 points

    1 final exam total 30 points

    weekly discussion questions each week 3 points 7 weeks total 21 points

    See the grading rubric in the classroom (and below) for more details.

Grading:

Course Grading Scale

Graded Work

Discussions                 21% (3 points each week x 7 weeks)

Quizzes                     10%  (4 multiple Choice questions and 1 problem)

Hour Exams              39%  (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 instructor reserves the right to curve the final average for each student based on overall performance.

I try to improve the course based on feedback from my students, please provide any suggestions, ideas, or comments that you feel may make the class better for future students.

I do hope each of you have enjoy the class, learn something during the class, and I wish each of you much luck and success in the future.

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:

Submission of Late Work: Late work is not accepted without the instructors approval.

Classroom Rules of Conduct:

Civility

I have found through the years that when we speak on the phone, especially to someone we do not know personally, we are a little more abrupt and can become caustic quickly in our communication.  I have noted that the same is easier to do when on line, for instance in emails and discussion boards.

What I ask is that each of you be careful in how you respond, what you write, and in the choice of your words and language in all of your communication in this class.  If something has been said that upsets you, walk away, come back the next day, cool off, and be professional.  Treat others and you would like to be treated, even when you may not have been treated that way.

I encourage you to communicate with one another, help each other, encourage and motivate one another, ask questions, provide assistance.  The course and materials will be much easier to learn if you ask questions and work together.  Think of all of the knowledge, experience, and talent that exists in a class such as this, take advantage of this vast array of skills.

Course Topic/Dates/Assignments:

Each week there are discussion questions, students are to respond to the questions and then reply to class mates posting, each week.  The topics are defined in the discussion threads each week. You are to answer each question, and reply to a minimum of two class mate posts each week.

Week 1: Quiz 1

Chapter Thirteen-Accounting for Corporations 

Chapter Fourteen-Long Term Liabilities

Week 2: Quiz 2, Exam 1

Chapter Fifteen -Investments and International Operations

Week 3: Quiz 3

Chapter 16-Reporting the Statement of Cash Flows

Chapter 17-Analysis of Financial Statements

Week 4: Quiz 4 and Exam 2

Chapter 18-Managerial Accounting Concepts and Principles

Chapter 19-Job Order Cost Accounting

Week 5: Quiz 5

Chapter 20-Process Cost Accounting

Chapter 21-Cost Allocation and Performance Measurement

Week 6: Quiz 6 and Exam 3

Chapter 22-Cost-Volume-Profit Analysis

Week 7: Quiz 7

Chapter 23-Master Budgets and Planning

Chapter 24-Flexible Budgets and standard costs

Week 8: 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 2012-2013 Undergraduate Catalog Page 97

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 2012-2013 Undergraduate Catalog Page 95

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: Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools.

Park University 2012-2013 Undergraduate Catalog Page 98

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 .

Additional Information:

Discussions:  Each week there
are discussion topics including specific questions that are to be
answered.  However, please note that discussions actually means to
"discuss".  Accordingly, discussion cannot take place if
students do not discuss the topics among themselves. 


All discussion questions are to be
answered.




Discussion postings should occur on three different days each week, such as
Monday, Wednesday, and Saturday.  Since you are to reply to class mate
postings, postings must be made early enough in the week, to encourage and
permit each of you to reply and communicate with each other.  So, please
begin early in the week in order that everyone has an opportunity to reply.


Bibliography:

Introduction

I am semi-retired, and to keep myself up to date doing something I love I teach classes for Park.  I also believe it will keep my brain cells working and I might even live a little longer. 

I have been teaching for Park since 1997. I first taught for them at Ft. Leonard Wood, Missouri (1997-2001). After moving to Tennessee I began teaching for them online (2002).

We live in Dandridge, Tennessee, named after Martha Dandridge Washington.  Nice area about 40 miles east of Knoxville.  Rolling hills, with leaves changing to autumn colors, very pretty.  Cows are browsing on some of the hills around us.  Quite peaceful really. Although these pastures are fast fading away, family members are selling off the old farms and homes are going in.

We have 5 children and 9 grandchildren, so the family is growing but they live in various places such as Texas, Missouri, Arizona, Idaho, and Tennessee.

I worked primarily in Construction Procurement for some major construction firms for roughly 30 years.  I waited until late in life to finish my PhD in Administration/Management, I kind of did it to show myself that I could still learn and hadn't gone dormant, and I was going to say stupid—but while in the program I determined that maybe I was stupid for doing it! J.

I do hope that we get to know each other, support each other, and not only learn but have fun in doing so. Use the virtual café extensively, do not be afraid to ask questions and to seek assistance. We do not meet in a regular classroom, so this thread is the closest we have.

If you would like to get in touch with me, please do so. I am available nearly 24/7 via phone, fax, or email; as well as postings online in the classroom—for instance in the Office thread (virtual café).

Mr./Dr. Theran



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%

 

Copyright:

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Last Updated:2/23/2013 2:41:35 PM