SYLLABUS FOR PRINCIPLES OF ACCOUNTING II

Term: Spring, 2000 (992) January 10 - April 19, 2000

Course Number: ACC 211X

Instructor: Mr. George Grzesiowski

Office: Room # 516

Office Phone: 219 473-4283

E-mail: ggrzesiowski@ccsj.edu

Home Phone: (219) 362-1696 grzz@csinet.net

Monday 12:00PM – 7:00PM

Tuesday 8:30AM – 10:30PM

12:00PM - 1:30PM

5:00PM - 7:00PM

Wednesday Meetings

Thursday 8:30AM - 1:30PM

Friday 8:30AM - 10:30AM

5:30PM - 6:30PM

or, by appointment

Course Time: Monday, 7:00-10:00pm

ACC 210

Textbooks: Accounting Principles, Weygandt, Kieso, Kimmel, fifth edition, Wiley 1999.

Working Papers Volume 1 & 2

Heritage Home Furniture, 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.

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.

Calumet College of St. Joseph adheres to citation guidelines as prescribed by the particular discipline (i.e., MLA, APA, 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.

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. Note: Degree Completion Division (DCD) students should consult the DCD Student Handbook for information on DCD withdrawals.

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).

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.

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 students 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 rely on it. As students, you should demand it, not only of yourselves, but 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.

 Course Objectives:

Upon completion of this course the student will be able to:

• 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 proficiency in accounting by completing a practice set.

 Assessment:

Exams (3 exams) 60% of grade

Class participation/attendance 10% of grade

Homework problems 15% of grade

Practice Set 15% of grade

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

 Class Assignments:

1/10 Introduction

Review

Introduce chapter 11

1/17 Chapter 11 – Current Liabilities & Payroll

1/24 Review chapter 11 homework

Chapter 12 – Accounting Principles

1/31 Chapter 12 - review homework

Chapter 13 – Accounting for Partnerships

2/7 Review Chapter 13 homework

EXAM 1 – Chapters 11, 12, 13

2/14 Introduce Chapter 14 – Corporations - Organization

2/21 Review Chapter 14 review homework

Chapter 15 – Corporations

2/28/ Chapter 15 review homework

Chapter 16 – Long Term Liabilities

3/6 Chapter 16 – review homework

EXAM 2 – Chapters 14, 15, 16

3/13 Chapter 17 - Investments

3/20 Chapter 17 homework review

Chapter 18 – Cash Flow Statement

3/27 Chapter 18 homework review

Chapter 19 Financial Statement Analysis

4/3 Chapter 19 – review homework

Chapter 20 **

4/10 Chapter 20 – review homework

Review for final

4/17 EXAM 3 (Final Exam) Chapters 17, 18, 19, 20

**may be deleted