SYLLABUS FOR
PRINCIPLES OF ACCOUNTING II
Term: Spring, 2005 (052) January 9 -
April 22 2006
Course Number: ACC
211A
Instructor: Mr. George Grzesiowski
MBA/CPA
Assistant Professor, Accounting & Business
Management
Program Director, Business Programs
Office Phone: 219 473-4283
E-mail:
Home Phone: (219) 362-1696
Home E-mail:
Cell: (219) – 716-5002
Day |
Times |
|
Monday |
8:00 – 10:30 AM 12:00 – 1:50 PM 3:30 – 4:40 PM |
|
Tuesday |
7:50 – 8:50 AM |
|
Wednesday |
12:30 – 4:00 PM (meetings) |
|
Thursday |
8:00 – 10:30 AM 12:00 – 1:50 PM 3:30 – 4:40 PM |
|
Friday |
7:50 – 8:50 AM |
Or, by appointment
Course Time: Monday/Thursday 8:50 – 10:20 AM
Textbooks: Accounting Principles, Weygandt, Kieso, Kimmel, seventh
edition, Wiley 2005.
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 begins at
7:00PM. 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 20%
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).
Class Assignments:
Week Class Date Topic-Assignment
1 1/9-12 Introduction
Chapter
10, Property, Plant & Equipment
2 1/16-19 Chapter 10
Chapter 11 – Current
Liabilities & Payroll
3 1/23-26 Review Chapter 10
homework
Chapter
11 – Current Liabilities & Payroll
4 1/30–2/3 Chapter 11 homework review
Chapter
12 – Accounting Principles
Review
5 2/6-9 Exam
1 Chapters 10. 11, 12
6 2/13-16 Chapter 13 –
Accounting for Partnerships
7 2/20-23 Chapter 13 homework
review
Chapter
14, Corporations
8 2/27-3/2 Chapter 14 homework review
Chapter
15 Corporations
9 3/6-3/9 Review Chapter 15 homework
Review
Exam
2 Chapters
13, 14, 15
10 3/13-16 Chapter
16 Liabilities
11 3/20-23 Chapter
16 homework review
Introduce
Practice Set
Chapter 17 - Investments
12 3/27-30 Chapter
17 homework review
Chapter
18 Cash Flow Statement
13 4/3-6 Chapter
18 homework review Chapter 19, Financial
Statement Analysis
14 4/10 Chapter
19 homework review
Take
home Exam 3
Practice
Set Due
4/13 Easter
Break
15 4/17 Exam
3 Due: Chapters 16, 17, 18, 19