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AC 320 Intermediate Accounting I
Emanuel, Antonio R.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

AC 320 Intermediate Accounting I

Semester

S1DD 2008 DC

Faculty

Emanuel, Antonio R.

Title

Senior Instructor

Degrees/Certificates

MBA

Office Location

Defense Supply Center Columbus

Office Hours

Before or After class & by appointment

Daytime Phone

614.329.1206

Other Phone

614.864.1204

E-Mail

Antonio.Emanuel@park.edu

Semester Dates

14 January to 9 March 2008

Class Days

--T----

Class Time

5:00 - 10:45 PM

Prerequisites

AC 202 and CS 140

Credit Hours

3


Textbook:

Intermediate Accounting, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield (Twelfth Edition) Wiley, (ISBN 0-471-74955-9)

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:
A study of the theoretical and technical basis of current accounting practices. Course includes basic theory, analysis of financial statements and accounting changes. Emphasis is on compliance with generally accepted accounting principles applied to business problems. PREREQUISITES: AC202 and CS140 or equivalents. 3:0:3

Educational Philosophy:

To create a safe environment for the learner realize his/her greatest potential. Specifically, this course teaches financial management and exposes the student to the methods that corporations use to assess risk and plan for the most effective use of their capital resources

Learning Outcomes:
  Core Learning Outcomes

  1. Compute and record the cumulative effects on prior years of a change in accounting principles.
  2. Recognize and record discontinued operations and extraordinary expenses.
  3. Using straight line and declining balance methods, calculate and record depreciation expense.
  4. Using present value concepts, analyze retirement, investment and purchase alternatives.
  5. Account for investments.
  6. Record the purchase and amortization of intangible assets.


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 course covers material found in chapters 1 through 12.   Class sessions will consist of discussion and lecture activities accompanied by a review of homework assignments and examinations.
Learning assessment will be based on: homework problems, class participation, and two exams.

Grading:

 

Homework sets            40 points each set       200 points

Midterm exam                                                 150 points

Final exam                                                       150 points

TOTAL POSSIBLE POINTS                          500 points


 
This course grade distribution is as follows:
A = 90% to 100%
B = 80% to 89%
C = 70% to 79%
D = 60% to 69%
F = 59% and below

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 and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 20% 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 and Management.

Late Submission of Course Materials:

Because we will review the homework assignment in class and the answers will be revealed, late submission of assignments will not be accepted for any reason. This is done to protect the integrity of the class and in fairness to the students who submit their assignments without the benefit of seeing the correct answers.
If you cannot make it to class, email your homework assignment to the instructor or fax it to the
Park University office at 614-237-4629.

Classroom Rules of Conduct:

1. Respect the instructor's decisions/requirements
2. Respect other learners.
3. Participate in classroom discussions/exercises.
4. Take ownership of your education and complete assignments by the posted deadlines.
5. Remember, computers make completing assignments much easier and more productive. Students must recognize though, that technology can also cause problems. Printers run out of ink and hard drives crash. Students must be responsible for planning ahead and meeting deadlines in spite of technology.
6. Students will be expected to have read and studied the material assigned for that class and have completed the assigned homework problems.

Course Topic/Dates/Assignments:

Week one  

 

Read chapters 1 & 2 prior to class. Most of this reading is to refresh your memory about FASB and reporting requirements. Since accounting is record keeping essentially, every transaction must follow a set of rules and assumptions that are based on sound accounting principles so understanding these first two chapters will lay a solid foundation for the work that follows. Homework for these chapters is to review the Concepts for Analysis found at the end of Chapter 2. We will review them in class so be prepared to be called upon to give your unique interpretation. Nothing will be handed in.  

 

 

 

Week two    

 

Read chapter 3 & 4 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. Homework for this week that will be due at the beginning of class on 30 January is as follows: chapter 3 Problem 3-7 found on pages 118 and 119 and from chapter 4, problem 4-4 which is found on page 159.  

 

 

 

Week three  

 

Read chapters 5 & 6 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Homework for these chapters that will be due at the beginning of class on 6 February is as follows: chapter 5 problem 5-6 found on pages 241 and 242 and from chapter 6, problem 6-1 found on page 294.  

 

 

 

Week four    

 

We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Midterm exam covering chapters 1 thru 6.  

 

 

 

Week five    

 

Read chapters 7 & 8 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. Homework for these chapters that will be due at the beginning of class on 20 February is as follows: chapter 7 problem 7-6 found on pages 355 and 356 and from chapter 8, problem 8-6 found on page 411.  

 

 

 

Week six   

 

Read chapters 9 & 10 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Homework for these chapters that will be due at the beginning of class on 27 February is as follows: chapter 9, choose either CA9-1 found on page 465 or CA9-4 found on page 466 and from chapter 10, problem 10-4 on page 511.  

 

 

 

Week seven    

 

Read chapters 11 & 12 prior to class. We will review this material in class and work on various examples at the end of the chapters to enhance your learning. We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Homework for these chapters that will be due at the beginning of class on 6 March is as follows: chapter 11 problem 11-2 on page 559 and from chapter 12, problem 12-5 found on page 610.  

 

 

 

Week eight   

 

We will review your homework from the previous week so please drop off your original assignment as you enter class and keep a second set so that you can contribute to the discussion of the answers. Final exam in class covering chyapters 1 thru 12. This is a comprehensive exam and will be used for assessment purposes.

 

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 2007-2008 Undergraduate Catalog Page 85-86

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. Park University 2007-2008 Undergraduate Catalog Page 85

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.
  3. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  4. 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".
  5. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  6. 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.
  7. 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 2007-2008 Undergraduate Catalog Page 87-88

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 changes in accounting principles 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 changes in accounting principles 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 changes in accounting principles 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 changes in accounting principles 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 accounting for investments
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 accounting for investments
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 accounting for investments
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 accounting for investments
Question 20
Less than 50%
 
Technical Skill in Communicating written essay                                                                                                                                                                                                             
Outcomes
1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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 an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
100-80 %
 
Student will demonstrate an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
60-79%
 
Student will demonstrate an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
50-59%
 
Student will demonstrate an intermediate accounting knowledge within the scope of AC 320 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
Less than 50%
 

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Last Updated:1/2/2008 9:30:23 AM