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AC 202 Principles of Accounting II
Bell, Linda


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

SP 2013 HO

Faculty

Bell, Linda

Title

Lecturer

Degrees/Certificates

MBA/CPA

Office Location

30.5 Mackay

Office Hours

11:30 - 2:00 TR & 10:00 - 12:00 Certain Fridays

Daytime Phone

816-584-6505

E-Mail

linda.bell@park.edu

Semester Dates

January 14 - May 10, 2013

Class Days

--T-R--

Class Time

8:45 - 10:00 AM

Prerequisites

AC201

Credit Hours

3


Textbook:
  Required:

Fundamental Accounting Principles (loose leaf with Connect access), 20th edition, by Wild, Shaw, and Chiappetta; McGraw-Hill Irwin Publisher. ISBN 9780077505998

Ability to access the internet to complete online homework and chapter quizzes outside of class.

Financial calculator

Recommended: 

BA II Plus calculator (by Texas Instruments) or TI-84 Plus calculator

Excel software is useful, but not required.

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:
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:
 

Educational Philosophy:

The instructor incorporates applied learning extensively in this course. To do well in this course, you should read (not skim) the textbook, think about what is discussed during class, and practice homework assignments after class. Many students find their usual study habits don’t help them here. That’s because you learn accounting by doing/practicing it – just like a trained athlete or musician.

Tips for the course:

1. Spend 6 to 9 hours per week outside of class studying for this course. If you are unable to build this into your weekly schedule, you should drop AC 202 and add another course that better fits your schedule.

2. Keep up! The course moves quickly and the concepts build on one another.  

3. Study with others  after you have initially studied the material by yourself.

Research shows that students that study in small groups perform at a higher level. (I can personally vouch for this after teaching accounting over 20 years!)

4. If the homework seems to be too hard, that means that you are in the process of learning, but you need more practice.  End of chapter materials are intended to facilitate learning. You are free to make mistakes and learn from those mistakes.

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.


  Instructor Learning Outcomes
  1. 1. Develop strong study habits in and out of the classroom that can translate into a good professional work ethic after college.
  2. 2. Review a real-world company's financial statements.
  3. 3. Probe interesting and ethical accounting dilemmas.
  4. 4. Discern what's behind the numbers to facilitate decision-making.
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:
The class will be assessed according to performance on the following course activities:

                                                            Points

Unit Exams (4)                                      450

Comprehensive Final Exam                  200

Online Assignments                              200

Analysis Project                                   150

Total Points Available                       1,000

Grading:
 

Grades will be assigned based on accumulated points within the following point distributions:

Points        Grade

 

900 – 1,000     A

800 - 899        B

700 - 799        C

600 - 699        D

<600                F

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:
  In general, failure to complete and submit (graded) work when due will result in an automatic score of zero for that item, unless previous arrangements have been made to extend the due date. It is the student’s responsibility to contact the instructor concerning make-ups.

Online assignments and in-class (non-exam) activities may not be made up. 

As your instructor, I will determine on a case-by-case basis whether to allow make-ups for in-class exams. If you are unable to take an exam at the scheduled time, notify me as soon as possible. Alternate exam arrangements are rarely provided, and generally, only under the following circumstances:

a. You are involved in a college activity and have notified and made arrangements with me in advance to take the exam at an alternate time.

b. You are ill and under the care of a physician, have notified me in a timely manner, and provide evidence of care.

c. You have a death in your family, have properly notified me in a timely manner, and provide evidence of death (an obituary out of the local paper will suffice).

d. You have conflicting work related travel or military duty.

If a make-up is allowed, normally an exam should be made-up within 48 hours of the scheduled exam. In other words, exams should be completed before the following class period.



Classroom Rules of Conduct:
 Attendance will be taken at the beginning of the period. As this class will move very quickly, it is important for the students to arrive on time at the beginning of class. Arriving tardy will be counted as an absence.

Students are expected to acquire course materials no later than the first week of class. Failure to do so may result in removal from the course.

No extraneous talking will be tolerated.

Unless part of classroom dialogue, such as instructor polling, absolutely no texting during class.

How Course Works

A daily program of study will be laid out for you in the daily activity sheet. 

A portion of class time will be set aside each day to address student questions.

Online Homework

Most homework will be submitted online with immediate feedback provided through Connect Accounting by McGraw-Hill Irwin. You may find it beneficial to complete homework on paper or using Excel and then transfer your solutions to Connect. You are limited to 2 attempts to complete each assignment, but only need to rework incorrect questions. In essence, you are free to make mistakes and learn from those mistakes. Submission of online homework is due no later than 7:00 a.m. on the day due. If unable to arrive at a correct solution before it is due, correct solutions can be obtained at 8:00 a.m. on the due date. Late submission of homework will NOT be accepted.

I am available to work with you outside of class whether in my office or a home phone conversation in the evening. 

Online Practice Problems

Additional practice problems will be made available for students to work through whenever you want and as many times as you want. Although course points are not awarded for these problems, students may find it beneficial to complete these additional practice opportunities. Think of it like an athlete who practices his/her sport beyond the team meeting time.

Online Chapter Quizzes

Quizzes may be assigned at or near the completion of each chapter. Students may find it beneficial to use the available practice problems to prepare. Only 1 attempt within a limited time frame is allowed. Each student is expected to complete his/her quiz on their own (without other student assistance).

In-Class Exams

Unit exams will be administered during class every 2 to 4 chapters. Given these exams are administered with paper and pencil, students may find it beneficial to complete and/or practice their homework likewise rather than merely in electronic format (particularly those assignments with drop down menu formats).

Exams are your opportunity to demonstrate what you’ve learned. In addition to studying the theory portion of the course, practice your homework and lecture demonstrations to properly prepare for exams.

Course Topic/Dates/Assignments:
 

 Week 1

 Ch.13

 Week 2

 Time Value of Money & Ch.14

 Week 3

 Ch. 14; Exam (Ch.13-14)

 Week 4

 Ch.15 & 16

 Week 5

 Ch.16

 Week 6

 Exam (Ch.15-16); Ch. 17

 Week 7

 Financial Statement Analysis Project

 Week 8

 Ch. 18

 Week 9

 Ch. 19

 Week 10

 Ch. 20

 Week 11

 Exam (Ch.18-20); Ch.21

 Week 12

 Ch. 21 & 22

 Week 13

 Ch. 22; Exam (Ch. 21-22)

 Week 14

 Ch.23

 Week 15

 Week 16

 Ch. 24 & Review for Final

Comprehensive 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 2011-2012 Undergraduate Catalog Page 95-96
Students are encouraged to study together; however it is expected that each student submit his/her own work on all online assignments and in-class activities.  Failure to do so is considered academic dishonesty.

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 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 2011-2012 Undergraduate Catalog Page 98
7. Attendance will be taken at the beginning of each class period.  Arriving tardy will be counted as an absence.

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:
 When violations of the syllabus occur or in the event of unusual circumstances, the instructor holds the right to determine course rules and points in those situations on a case-by-case basis.



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:12/18/2012 10:16:06 AM