SYLLABUS FOR PRINCIPLES OF ACCOUNTING II

 

 

Term: Spring, 2005 (042) January 10 - April 23 2005

Course Number:  ACC 211A        

Instructor: Mr. George Grzesiowski MBA/CPA

                   Assistant professor, Accounting & Management

                   Program Director, Business Programs

Office:  Room #  516

Office Phone:  219 473-4283

E-mail:  ggrzesiowski@ccsj.edu

Home Phone: (219) 362-1696 

Home E-mail:  grzz@csinet.net

Cell:  (219) – 716-5002

 

Office Hours

Day

Times

Monday

10:30 – 1:30 PM

3:30 – 7:00 PM

Tuesday

10:30 AM – 11:00 AM

Wednesday

12:00 – 5:00PM

1:30 – 3:30 (meetings)

Thursday

10:30 – 1:30 PM

Friday

10:30 AM – 11:00AM

 

Course Time:  Monday/Thursday 8:50 – 10:20 AM

 

Course Description:  This course is a continuation of ACC 210.  Students are introduced to the accounting requirements of the partnership and corporate form of business.  Topics also include financial statement analysis and the preparation of a cash flow statement.

 

Prerequisites:             ACC 210

 

Textbooks:  Accounting Principles, Weygandt, Kieso, Kimmel, 7th edition, Wiley.

                    Working Papers Volume 1 & 2

                    Practice Set University Bookstore

                    Pocket Calculator

 

Open Door Policy

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 begins at 8:50 AM.  Lateness is disrespectful and will affect your participation points.

 

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.  A missed exam results in an automatic F with a re-take option.

 

One test retake is allowed during the semester (excluding the final exam).  The retake option may be used to make up a missed exam.

 

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 (3 exams)                                                             50% of grade

Class participation/attendance                                                            10% of grade

Homework problems                                                                       30% of grade

Practice Set                                                                              10% 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).

Class Assignments:

Week  Class Date                            Topic-Assignment

1          1/10                                          Introduction

            1/13                                          Chapter 10, Property, Plant & Equipment        

           

2          1/17                                          Chapter 10 homework review

1/20                                          Chapter 11 – Current Liabilities & Payroll

 

3          1/24                                          Review Chapter 11 homework review

                                                            Chapter 12 – Accounting Principles

            1/27                                          NO CLASS (Thursday)

                                                           

4          1/31                                          Chapter 12 homework review

            2/3                                            Review for exam                                                          

 

5          2/7                                            Exam 1 Chapters 10, 11, 12

            2/10                                          Chapter 13 – Accounting for Partnerships

 

6          2/14                                          Chapter 13 – Accounting for Partnerships                 

            2/17                                          Chapter 13 – Accounting for Partnerships

 

7          2/21                                          Chapter 13 homework review

            2/24                                          Chapter 14, Corporations

                                                           

8          2/28                                          Chapter 14 homework review                                     

            3/3                                            Chapter 15 – Corporations

 

9          3/7                                            Chapter 15  homework review

                                                            Review for exam

            3/10                                         Exam 2 Chapters 13, 14, 15

 

10         3/14 - 3/17                              Chapter 16 Liabilities

                                                                                                                                   

11         3/21                                          Chapter 16 homework review

Introduce Practice Set                                               

            3/24                                          NO CLASS (Easter Thursday)

 

12         3/28                                          Chapter 17 – Investments

            3/31                                          Chapter 18   Cash Flow Statement

 

13         4/4                                            Chapter 18 homework review                                      4/7                                            Chapter 19, Financial Statement Analysis

                                                           

14         4/11                                          Chapter 19 homework review 

            4/14                                          Exam Review,

Practice Set Due

                                               

15         4/18                                          Exam 3:  Chapters 16, 17, 18, 19