Syllabus Entrance
Printer Friendly
Email Syllabus

AC 420 Advanced Accounting I
Cole, Vernal


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 420 Advanced Accounting I

Semester

U1E 2013 PE

Faculty

Cole, Vernal

Title

Adjunct Faculty

Degrees/Certificates

MBA Business Administration
BA Financial Accounting
AA Computer Science

Office Location

MCB Camp Pendleton CA

Office Hours

Open

Daytime Phone

(760) 525-8158

Other Phone

(760) 598-6444

E-Mail

vernal.cole@park.edu

vernal.cole@hotmail.com

Vernal.cole@oside.us

Semester Dates

Jun 3 to Jul 28 2013

Class Days

Tuesday

Class Time

5:00 to 10:25

Prerequisites

AC325 and CS140

Credit Hours

3


Textbook:

Advanced Accounting, 11th 12edition
Fischer, Paul M.; Taylor, William J. ; Cheng, Rita H
Published by South-Western Cengage Learning
ISBN 13-978-0-538-48028-4
2013

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:
AC420 Advanced Accounting I: Continuation of AC325. Selected topics in advanced financial accounting with emphasis on current accounting problems and pronouncements of the Financial Accounting Standards Board. Prerequisite: AC325 and CS140 or equivalent. 3:0:3

Educational Philosophy:
Advanced Accounting is a cummulative part of the entire accounting series and students will be required to review concepts they have mastered and be introduced to new concepts through lecture and information obtained from the textbook. They will demonstrate their learning by solving problems that illustrate the concepts presented. Students are expected to do the assigned reading and homework prior to the scheduled class time. Students are also expected to participate in class discussions, complete in-class assignments, and ask questions regarding the assigned material.

Learning Outcomes:
  Core Learning Outcomes

  1. Construct corporate consolidated financial statements.
  2. Prepare elimination entries for inter-company transactions.
  3. Apply consolidation theory and be able to explain concepts and methods.
  4. Analyze international accounting standards and the status of convergence of such standards.
  5. Record business transactions and translate currencies for international organizations.


Core Assessment:

Description of the Core Assessment Instrument Final Exam  

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

Link to Class Rubric

Class Assessment:


 

Points %
Weekly Homework (20 pts each) 140 23.3
Mid-Term Exam 135 22.5
Final Exam 180 30.0
Presentation 135 22.5
Attendance/Participation 10 1.7
Total 600 100.0
 

Grading:

 

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:
Late work will not receive full grade credit. Work not turned in by due date, but is turned in no later than 1 day late,will receive a max 80% credit and the grade will fall 20% for every additional day the assignment is late. No work will be accepted after the last day of class.
 
The only exception to the above written policy is if the student has prior approval from the instructor to turn in late work. 

Classroom Rules of Conduct:

CONDUCT RULES
The instructor will ensure that the students have a safe learning environment and everyone will be treated with respect. Any classroom conduct that disrupts the learning process in the opinion of the instructor will not be tolerated. Also remember that computers make writing and revising much easier and more productive. Students must recognize though that technology can also cause problems. Students must be responsible for planning ahead and meeting deadlines in spite of technology. Be sure to save copies of your work to disk, and hard drive.

CLASSROOM ROOM RULES
Do not leave garbage in the classroom.

The restrooms and lounge area with vending machines is the only areas the Park University professors or students are allowed during breaks.

 

Course Topic/Dates/Assignments:

Course Topic/Dates/Assignments:

Week

Date

Subject Read Assignment Due

1

Jun 4,2013

Chapter 1/2

Ch. 3/4

Homework #1

2

Jun 11,2013

Chapter 3/4

Ch. 5/6
 
Homework #2

3

Jun 18,2013

Chapter 5/6 

Ch. 7/8

Homework #3
 

4

Jun 25,2013

Midterm

 
 

Homework #4

5

Jul 2, 2013

Chapter 7/8

 

Ch. 9/10

 

Homework #5

6

Jul 9,2013

Chapter 9/10

Ch. 11/12

Homework #6

7

Jul 16,2013

Presentations

Homework #7

8

Jul 23,2013

Final Exam  

 
FINAL EXAM - IN CLASS/CLOSED BOOK

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.

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 .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Core Learning Outcome #1 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Construct corporate consolidated financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                               
Student correctly prepares consolidated financial statements for entities in accordance with Generally Accepted Accounting Principles. Student prepares consolidated financial statements for entities but statements may not be in accordance with Generally Accepted Accounting Principles. Student is not able to prepare consolidated financial statements in accordance with Generally Accepted Accounting Principles.  
Core Learning Outcome #2 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Prepare elimination entries for inter-company transactions.                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Student correctly and consistently prepares intercompany transactions as eliminating entries for GAAP financial statements. Student prepares intercompany transactions but they may not be GAAP based. Student is unable to prepare intercompany transactions and eliminating entries for GAAP financial statements.  
Core Learning Outcome #3 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Apply consolidation theory and be able to explain concepts and methods.                                                                                                                                                                                                                                                                                                                                                                                                                                              
Student correctly calculates and applies consolidations theory and methods to the preparation of consolidated financial statements. Student correctly calculates financial statements but may not apply consolidations theory and methods to the preparation of consolidated financial statements. Student is unable to apply consolidations theory and methods to the preparation of consolidated financial statements.  
Core Learning Outcome #4 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Analyze international accounting standards and the status of convergence of such standards.                                                                                                                                                                                                                                                                                                                                                                                                                          
Student correctly identifies international accounting standards and relates to the status of convergence of world-wide accounting standards. Student identifies international accounting standards generally but is unaware of the status of convergence of world-wide accounting standards. Student is unable to identify international accounting standards and cannot relate to the status of convergence of world-wide accounting standards.  
Core Learning Outcome #5 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Record business transactions and translate currencies for international organizations.                                                                                                                                                                                                                                                                                                                                                                                                                               
Student correctly records business transactions and translates currencies in international commerce. Student records business transactions but makes errors in the translation of currencies in international commerce. Student is unable to record business transactions nor translate currencies for international business transactions.

 
 

Copyright:

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

Last Updated:5/15/2013 1:57:01 PM