SYLLABUS
ACCT 2020: PRINCIPLES OF ACCOUNTING II
Semester II, 2007-08
Three semester hours
Instructor: Prof. Cindy Peck (office: HD102; phone:
4366; email:
cjpeck)
REQUIRED TEXTS: Fundamental
Managerial Accounting Concepts,4th edition,
Edmonds/Edmonds/ Tsay/Olds (check figures and
templates are available
online), and
COURSE OBJECTIVES
Upon
successful completion of this course, students will be able to:
1. Complete
the understanding of the basic principles, elements and concepts of financial and managerial accounting.
2. Develop
an understanding of the role of accounting information in business.
3. Develop
an understanding of business financing and investing events throughout the
management planning, performing, and evaluating cycles.
4.
Understand
the conventions used by business to report to those who need to know more about
the business.
EVALUATION
Students
are expected to attend class regularly and on-time. A portion of your grade is based on
your contribution to the student-learning team.
If you are not in class on a regular and punctual basis, significant
contribution is impossible. Students may
arrange help sessions with the grading/study group assistants or ask the
instructor for help (but plan ahead so the help can be given in an optimum
fashion).
Study groups led by Jason Hays will meet Tuesdays @ 7 pm and Thursdays @ 2:30 pm in Hardacre 232.
Students
who have special clinically based problems that might affect their performance
in class should notify the instructor during the first week of school. Possible
arrangements can be made to work closely with the
Make-ups
will NOT be given for missed homework, quizzes, or in-class cases. There will be NO make-up exam unless one
has made prior arrangements and at the instructor’s discretion.
Students are
expected to do their own work. Copying
homework or exams is plagiarism and will result in the loss of credit for the
assignment/exam and a reporting of the incident to the Vice President for
Academic Affairs. This abides with the
policy defined in The Student Handbook.
GRADING:
|
Exams (4@
100 points) [application, analysis, written communication] |
400 points |
|
Quiz/Requiz (8 @ 5 points) [knowledge and comprehension] |
40 points |
|
Homework completion and participation |
20 points |
|
In-class cases
(8 @ 5 points) [application and analysis] |
40 points |
|
Total
Points Available |
500 points |
GRADING
SCALE:
|
500-465
points |
A |
|
399-385
points |
C+ |
|
464-450
points |
A- |
|
384-350
points |
C |
|
449-435
points |
B+ |
|
349-300 points |
D |
|
434-415
points |
B |
|
299 or lower |
F |
|
414-400 points |
B- |
|
CLASS FORMAT
This is a
demanding course and requires discipline of the student to have read the chapter
and attempted all homework assignments prior to class. Even a brief retreat from this study habit
will be very damaging. One should expect
to work approximately 2 hours outside of class for every hour of class time. In
general, each topic (chapter) is examined for one week. The first class period is a discussion and
lecture over the assigned reading and the second and third class period are
devoted to problem solving and analysis.
Quiz/Requiz: Each student is graded on 8 of
10 quizzes. Quizzes are 5-point
multiple-choice quizzes administered at the beginning of class when a new
chapter is begun. The quiz is taken
individually by each student and handed in.
Then, the student-learning team retakes the quiz. The student’s grade is the average of the
individual and team grade for that quiz.
In-Class
Cases: Each student-learning team is graded on 8 of
10 in-class cases. These 5-point cases
are to be completed after the student-learning team has mastered the homework
material. In-class cases must be
completed in class without the aid of notes or books. The cases are designed to provide teams with
a self-check of the chapter material prior to the examination.
Teamwork:
The student’s contribution to the team is invaluable. It is important that the student-learning
teams function as teams, not merely groups.
Each member is valuable and should recognize his/her responsibility to
the teams’ efforts. Attendance and
active participation is critical to success for everyone.
SCHEDULE
|
W Jan 16 |
Introductions;
course objectives, policies, review of Accounting 2010—accounting cycle,
classification of accounts. |
|
F Jan 18 |
Introduce
Practice Set. NOTE: Bring practice set
to class. |
|
M Jan 21 |
Continue on
manual version of analysis. |
|
W Jan 23 |
Have
April 1-15 complete and bring a printed copy of Trial Balance for check.
Continue on manual version of analysis (April 16-30). |
|
F Jan 25 |
Have
April 16-30 complete and bring a printed copy of Trial Balance for
check. Continue on manual version of
analysis (May 1-31). |
|
M Jan 28 |
Have May
1-31 complete and bring a printed copy of Trial Balance for check. Continue on manual version of analysis
(June 1-30). |
|
W Jan 30 |
Have June
1-30 complete and check your work with Check Figures table. Bring a printed copy of Trial Balance so we
can find and correct any errors you may have before starting adjusting
entries, financial statements, and closing entries. Continue on manual version of analysis
(Adjusting Entries, Financial Statements and Closing Entries for the
Quarter). |
|
F Feb 1 |
Bring
your completed practice set to class including copies of the Trial Balance, Adjusted
Trial Balance, Post Closing Trial Balance, Income Statement, Statement of
Stockholders’ Equity, Balance Sheet, Cash Flow Statement, Schedules
of Accounts Receivable and Payable,
We will have a practice audit test. |
M Feb 4 |
EXAM 1: Audit of Practice Set |
|
W Feb 6 |
Chapter
13: Financial Statement
Analysis, Q/R #1 |
|
F Feb 8 |
Chapter
13: Lecture and discussion, Exercises
13-1A, 13-3A, 13-4A, 13-8A, 13-9A Computerized
Practice Set to be completed. Turn in printed
copies of Trial Balance, May 31; Adjusting Trial Balance; Closing Trial
Balance; Income Statement, Balance Sheet, and Cash Flows Statement; Schedule
of Customers’ and Schedule of Vendors’ Balances. |
|
M Feb 11 |
Chapter
13: Lecture and discussion, Exercises
13-10A, 13-11A |
|
W Feb 13 |
Assignment: Exercises 13-6A, 13-7A, 13-12A, 13-13A |
|
F Feb 15 |
Chapter
14: Statement of Cash Flows,
Q/R #2 |
|
M Feb 18 |
Chapter
14: Lecture and discussion, Exercises 14-1A,
14-8A, 14-5A, 14-6A, 14-9A, 14-11A |
|
W Feb 20 |
Assignment: Problem 14-18A |
F Feb 22 |
EXAM 2, Chapters 13-14
|
M Feb 25 |
Chapter
1, Management Accounting—A Value Added Discipline, Q/R #3 |
W Feb 27 |
Lecture
and Discussion, Exercises 1-1A, 1-3A, 1-4A, 1-7A, 1-9A |
|
F Feb 29 |
Assignment: Exercise 1-11A and Problem 1-21A |
|
M Mar 3 |
Chapter
2, Cost Behavior, Operating Leverage, and Profitability Analysis, Q/R
#4 |
|
W Mar 5 |
Lecture and
Discussion, Exercises 2-2A, 2-6A, 2-9A, 2-10A, 2-12A, 2-16A |
|
F Mar 7 |
Assignment: Problems 2-17A, 2-18A |
|
Mar 8-16 |
SPRING BREAK |
| M Mar 17 |
Chapter
3, Analysis of Cost, Volume, and Pricing to Increase Profitability, Q/R
#5 |
|
W Mar 19 |
Lecture and
Discussion, Exercises 3-1A, 3-3A, 3-7A, 3-8A, 3-10A, 3-13A, 3-15A |
|
Mar 21-24 |
EASTER BREAK |
|
W Mar 26 |
Assignment: Problems 3-17A, 3-20A |
F Mar 28 |
Chapter 5: Relevant
Information for Special Decisions, Q/R #6 |
|
M Mar 31 |
Chapter
5: Lecture and discussion, Exercises
5-1A, 5-6A, 5-7A, 5-12A |
|
W Apr 2 |
Assignment: Exercises 5-15A, 5-18A and Problem 5-25A |
F Apr 4 |
EXAM
3: Chapters 1-4 |
M Apr 7 |
Chapter
7: Planning
for Profit and Cost Control, Q/R
#7 |
|
W Apr 9 |
Chapter
7: Lecture and discussion, Exercises
7-2A, 7-3A, 7-4A, 7-11A, 7-13A |
|
F Apr 11 |
Assignment: Problem 7-22A |
|
M Apr 14 |
Chapter 10: Planning
for Capital Investments, Q/R #8 |
|
W Apr 16 |
Chapter 10: Lecture and discussion, Exercises (using
calculators rather than tables) 10-2A, 10-4A, 10-6A, 10-7A, 10-12A |
|
F Apr 1 |
Assignment: Problem 10-16A |
|
M Apr 21 |
Chapter
11: Product Costing in Service and
Manufacturing Entities, Q/R #9 |
|
W Apr 23 |
Chapter 11: Lecture and discussion, Exercises 11-1A, 11-4A, 11-5A, 11-6A, 11-7A |
|
F Apr 25 |
Assignment: Problem 11-16A |
|
M Apr 28 |
Chapter
12: Job-Order Cost System (pg.
520-533), Q/R #10 |
|
W Apr 30 |
Chapter
12: Lecture and discussion, Exercises
12-1A, 12-5A, 12-6A |
|
F May 2 |
Assignment: Problem 12-13A |
|
May 7 3:20 |
EXAM 4: Chapters 7, 10-12 |
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