Calumet College of St.
Joseph
SYLLABUS FOR
PRINCIPLES OF ACCOUNTING II
Term: Spring, 2001-2002
(012) January 7 - April 15, 2000
Course Number: ACC
211X
Instructor: Mr. George Grzesiowski
Assistant professor, Accounting & Management
Office Phone: 219 473-4283
E-mail: ggrzesiowski@ccsj.edu
Home Phone: (219) 362-1696 grzz@csinet.net
|
Day |
Times |
|
Monday |
1:00 PM – 7:00 PM |
|
Tuesday |
11:00
AM – 3:00 PM |
|
Wednesday |
By
appointment |
|
Thursday |
12:00
PM – 3:00 PM |
|
Friday |
10:30
AM – 6:30 PM |
Course Time: Monday, 7:00-10:00pm, Room 204
Textbooks: Accounting Principles, Weygandt, Kieso, Kimmel,
fifth edition, Wiley 1999.
Working Papers Volume 1 & 2
Practice Set
Pocket Calculator
Since
your learning is my primary concern, it is imperative that anything preventing
you from learning be discussed. Please
feel free to make an appointment with me or call me so that I can help you keep
on track.
Class Policy on Attendance:
Attendance in class is an important priority. Accounting is a course that continues to build on the knowledge gained. It is not possible to understand and grasp the fundamentals being taught in later chapters unless the earlier chapters have been mastered. Missing classes will impede your progress.
Your
class participation grade will be affected by attendance. If you are not here, you are not
participating.
Class Policy For
Assignments:
Students are expected to have read the chapter prior to the lecture. Each chapter will be explained and discussed. Concepts will be illustrated by working selected demonstration problems in class. Selected problems will be assigned as homework.
Homework problems will be checked in class. I will check your working papers for completion. Late homework will be assessed a 50% late penalty.
Student Responsibilities:
It
is expected that all students will be present on test days. If unavoidable circumstances prevent
attendance, the test can be made up at the instructor’s discretion. It is the student’s responsibility to
contact the instructor to make arrangements to make up the exam. Unexcused absences on test days will result in
a 10% penalty.
One
test retake is allowed during the semester (excluding the final exam). The retake option may be used to make up a
missed exam without penalty.
All students no matter what their educational background, life/work experiences, have something to offer that will enrich our class. As instructors, we not only encourage participation, but also rely on it. As students, you should demand it, not only of yourselves, but also of your classmates. Our class is only as good as we make it.
Classroom Behavior
The student is expected to treat the instructor and his/her fellow students with respect and courtesy at all times. This means giving full attention. No private conversations, no catching up on homework assignments, no naps. Such items can and will affect your participation grade.
Learning
Outcomes/ Competencies:
Students in this course will:
·
Compute
depreciation using different methods.
·
Indicate
how plant assets, natural resources, and intangible assets are reported and
analyzed.
·
Explain
a current liability and identify the major types of current liabilities.
·
Explain
the accounting for and the financial statement presentation and analysis of
current and contingent liabilities.
·
Discuss
the objectives of internal control for payroll.
·
Compute
and record the payroll for a pay period, including payroll taxes and fringe benefits.
·
Identify
the basic principles, constraints and assumptions used by accountants.
·
Identify
the characteristics of the partnership form of business organizations.
·
Prepare
entries to record the creation a partnership, the admittance of a new partner,
the withdrawal of a partner, and the liquidation of a partnership.
·
Identify
and discuss the major characteristics of a corporation,
·
Record
and explain entries for the issuance of stock, treasury stock, preferred stock,
cash dividends, and stock dividends.
·
Describe
the form and content of corporation income statements, balance sheets, and
stockholders’ equity.
·
Identify
the items that are reported in a retained earnings statement.
·
Explain
and prepare the entries for the issuance of bonds and long-term notes payable.
·
Identify
the reasons corporations invest in stocks and debt securities.
·
Describe
the purpose end usefulness of consolidated financial statements.
·
Indicate
the primary purpose of the statement of cash flows.
·
Prepare
a statement of cash flows using the indirect and the direct method.
·
Understand
and apply horizontal, vertical, and ratio analysis to analyze a corporation’s
financial statements.
·
Demonstrate
competency in accounting by completing a practice set.
Assessment:
Exams
(2 exams) 40% of
grade
Class
participation/attendance 10% of
grade
Homework
problems 30% of grade
Practice
Set 20%
of grade
100%
Grading Scale:
A:
92-100 A-: 90-91 B+: 88-89
B: 82-87 B-: 80-81
C+: 78-79
C:
72-77 C-: 70-71 D+:
68-69 D: 62-67 D-:
60-61 F: 59 & below
Center
for Academic Excellence:
Tutoring
assistance is free to all students of Calumet College of St. Joseph. Call the
Center for Academic Excellence (CAE), to make an appointment at 473-4287. The
Center has experienced and well-trained tutors in most subject areas to help
students who are struggling in a course or who are doing well and would like to
do better. Regular weekly tutoring sessions are likely to improve your grade.
Statement
of Plagiarism:
If an instructor or other Calumet College of St.
Joseph personnel find that a student has plagiarized or been involved in
another form of academic dishonesty, the instructor or other personnel may
elect to bring the matter up for judicial review. The maximum penalty for any
form of academic dishonesty is dismissal from the College. The procedures for
judicial review are listed under the section of CCSJ handbook that addresses
student grievances. (Academic Planner 2001/2002 p.27)
Citation
Guidelines:
Calumet College
of St. Joseph adheres to citation guidelines as prescribed by the particular
discipline (i.e., MLA, APA, and Chicago Manual of Style or Turabian.). All of these guidelines are available in the
Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of
sources, including electronic media.
Withdrawal
from Classes Policy:
After the last
day for class changes has passed (see College calendar), students may withdraw
from a course in which they are registered with permission from the faculty
member conducting the course. A written request detailing the reason(s) for the
withdrawal must be filed with the Registrar. Written request for withdrawal
must be received by the Registrar by the last day of classes prior to the final
examination dates specified in the catalogue. Written requests may be mailed to
the Registrar or faxed to the College fax number 219-473-4259. Students are to
make note of the refund schedule when withdrawing from courses. The request is
forwarded to the faculty member, who makes the final determination to accept or
deny the request. If the request is honored, the student will receive
notification of official withdrawal; if denied, the notification will indicate
why the withdrawal is disallowed.
An official
withdrawal is recorded as a "W" grade on the student's transcript.
Dropping a course without written permission automatically incurs an
"F" grade for the course (see Refund Schedule).
Week Class Date Topic-Assignment
1 1/7 Introduction
Chapter
10, Property, Plant & Equipment
Costing
& Depreciation
2 1/14 Chapter 10 homework review
Chapter 10 continued, Expenditures, disposals,
natural resources, and intangibles.
3 1/21 Chapter 10 homework review
Chapter 11 – Current
Liabilities & Payroll
4 1/28 Review Chapter 11 homework review
Chapter
12 – Accounting Principles
Review
for exam
5 2/4 Chapter 12 homework review
Exam
1 Chapters 10. 11, 12
6 211 Chapter 13 – Accounting for Partnerships
7 2/18 Chapter 13 homework review
Chapter
14, Corporations
8 2/25 Chapter 14 homework review
Chapter
15 – Corporations
Review
for exam
9 3/4 Chapter 15
homework review
Exam
2 Chapters 13, 14, 15
10 3/11 Chapter 16 Liabilities
11 3/18 Chapter 16 homework review
Introduce
Practice Set
Chapter 17 - Investments
12 3/25 Chapter 17 homework review
Chapter
18 Cash Flow Statement
13 4/1 Chapter 18 homework review Chapter
19, Financial Statement Analysis
14 4/8 Chapter 19 homework review
Work
on Practice Set
15 4/15 Practice Set due