Frederick Community College

 

ACCT102- ONL1 Principles of Accounting II

 

SPRING  2010

 

Class begins:  1/27/10

Class ends:  5/12/10

Last Day to Withdraw:  4/9/10

 

Instructor Information:

 

 

Name:   Brad Burtner, CPA 

Office:  L101H

E-mail:  bburtner@frederick.edu

Phone Number:  301-846-2545

Contact Hours: email and  by appointment for in-person

Campus Mail Box #:  108

           

Course Information:

 

Credits:  3

On-campus Meetings:  None

On-campus Exams:  2

Prerequisites:  ACCT 101

Corequisites:  None

 

Course Description:

A continuation of the accounting concepts included in ACCT 101, with the following additional topics: corporations, corporate securities, cash flows, financial statement analysis, managerial accounting for manufacturing operations, and generally accepted accounting principles.

 

 

Core Learning Outcomes:

 

Upon completion of this course students will demonstrate

1.  Interpret the stockholders’ equity of a corporate balance sheet.

2.  Identify, measure, and analyze events and activities in accordance with generally accepted accounting principles.

3.  Identify and explain the “unusual” and “non-recurring” events disclosed on a corporate income statement.

4.  Analyze and evaluate a statement of cash flows.

5.  Prepare an analysis of the financial statements of a business entity.

6.  Apply the concepts of managerial accounting to internal decision making.

 

 

 Instructional Methods:

 

1.  Independent and/or group problem solving/research activities

2.  Class discussions & communication via Discussion board & E-mail.

 

 

 

 

 How is this course organized:

 

Students are responsible for all the information in the chapters indicated on the Topical Outline – unless stated otherwise. Students taking this course are self-learners and are motivated to complete and submit assignments on time.  Think of me as a guide, to get you through the class.  All the resources at FCC are available to you.  Everyone at FCC wants you to be successful.

 

I believe this on-line learning environment can be positive and enriching.  However, this requires interaction between everyone.  I expect students to solve problems among themselves with only guidance from me.  I strongly encourage everyone to voluntary interact within the Discussion Board.  Sharing our ideas by posting threaded discussions will help all of us learn.

 

It is imperative you continuously work on this course.  If something occurs and you are at a standstill, read your book, or apply other learning activities, to avoid getting behind.  There is always something you can do – Stay busy.

 

 

Text(s) and Course Materials:

 

Required:  Financial & Managerial Accounting  Special Edition for Frederick Community College, Porter, Norton, Jackson, and Sawyers 

Thomson Custom Publishing    

 

 

Progress Report:

 

By the end of the sixth week of the semester, you will have an opportunity to evaluate your progress in this course and decide if you need to make any adjustments (additional study, tutoring, conference with instructor) to assure your success in this course.

 

 

 

Evaluation Methods:

 

Exams / Projects

Point Value

Final Grade Scale

 

In-class exams: (20% multiple choice, 80% problem solving or other objective format.)

 

Exam I Chapters  9 – 11

Exam II  Chapters  12, 13, 1 & 2

Exam III Chapters  3, 4, & 7

 

 

 

100

100

100

 

 

           

 

            A = 360 – 400 points

            B = 320 - 359 points

            C = 280 - 319 points

            D = 240 - 279 points

            F = Below 240 points

Project

 50

 

Practice Exams

 40

 

Self Introduction

 10

 

TOTAL POINTS AVAILABLE

400

 

If the graded performance for online assignments differs significantly from the grade average for proctored assignments, the instructor reserves the right to administer additional tests.

 

 

 

 

 Participation Policy:

 

To maintain the highest quality of academic work, students are expected to participate fully in all course activities.

In case of serious illness, emergency, religious holidays, or participation in official college functions, students remain responsible for completing the requirements of the course. 

 

 

 

Student Services

 

A variety of services are available to assist students in succeeding at FCC. Students can learn more about these services by visiting the Student Services web page: http://www.frederick.edu/student_services/index.aspx.

Students with disabilities who are in need of accommodations or who have questions related to disabilities services should contact the Services for Students with Disabilities (SSD) office at 301-846-2408. Students can learn more about these services by visiting the Services for Students with Disabilities web page: http://www.frederick.edu/student_services/disability.aspx.

 

 

 

 Email Policy:

 

Email is an instructional tool essential to student-instructor and student-student communication. In the Blackboard environment by default, your email address is available to all students in this course.

However, students are permitted to use email addresses of other students in this course only for the purpose and the duration of this course.

Students who are concerned about the privacy of their personal email address are reminded of commercially available products that allow them to create unique email addresses specifically for the purpose and duration of this course.

The instructor can be expected to respond to regular student email inquiries (grades, posted assignments, and tests excluded) within the time frame of 24 to 48 hours.

 

 

 

 

Academic Integrity:

 

Work in this course is subject to the provisions of the FCC Code of Academic Integrity. Plagiarism in any form will not be tolerated. As a student, it is your job to practice academic honesty at ALL times.  Make sure that all sources, particularly Internet sources, get proper credit for quotations, paraphrases, and ideas. More information about this and the Student Conduct Code are available at http://www.frederick.edu/student_services/studentpolicies.aspx

 

You must send your Academic Integrity Pledge to the instructor. The form is available at http://courses.frederick.edu/_utilities/regform.htm

 

 

 

 

 

 

 

           Students with Disabilities

FCC provides reasonable accommodations to otherwise qualified students with disabilities in accordance with the Americans with Disabilities Act of 1990 (ADA) and Section 504 of the Rehabilitation Act of 1973 (Section 504) and amendments.  Students with disabilities who are in need of accommodations must contact the Services for Students with Disabilities (SSD) office at 301-846-2408 (A Building, Room 106A) in order to request and apply for services.  The SSD office will require appropriate documentation of a disability.  Questions related to accommodations or services can be directed to the SSD office.  Additional information related to services can be viewed at the following FCC web page:  http://www.frederick.edu/student_services/disability.aspx. 

If you currently receive services from the SSD office, please submit your Student Success Plan to me and make an appointment with me to discuss your accommodations and needs in class.  I will hold any information you share with me in strict confidence unless you give me permission to do otherwise.

 

 

 
Topical Outline

 

Week

Subject and Content ACTIVITY ONLINE

ON-CAMPUS ACTIVITY

1

Chapter 9-Current Liabilities

   The nature of liabilities

   Current vs. Long-term liabilities

   Contingent liabilities

 

2

Self Introduction Posted on Discussion Board Deadline

 

Chapter 10-Long-Term Liabilities

   Balance sheet measurement & presentation

   Bonds Payable

   Liability for Leases

   Ratios for decision making

 

3

Project work- Selection of company and Annual Report

 

Chapter 11-Stockholders’ equity

   Corporations: Nature & Formation

   Advantages & disadvantages

   Paid-in capital of a corporation

   Common stock and preferred stock

   Stock splits, stock dividends and treasury stock

 

4

Practice Exam I – DEADLINE

 

Exam I on Chapters 9-11 begins at FCC Testing Center

5

Chapter 12-The Statement of Cash Flows

   Purpose and classifications

   Preparing the Statement of Cash Flows

   Operating, Investing, and Financing Activities

   Cash and Cash equivalents

   Using the statement

   The Direct vs. Indirect Method

Exam I – DEADLINE

6

Continued & Homework Review

 

 

7

Chapter 13-Financial Statement Analysis

   Analysis of Comparative & Common-size Statements

     Horizontal & Vertical Analysis

   Liquidity Analysis and the Management of Working Capital

   Solvency Analysis

   Profitability Analysis

 

8

Continued & Homework Review

 

Chapter 1-Accounting Information and Managerial Decisions

   The Users of Accounting Information

   The Decision-Making Role of Managers

   The Role of the Managerial Accountant

   A Decision-Making Model

   Relevant Factors and Decision Making

 

Chapter 2-Corporate Governance and Ethics

  Corporate Governance

  Internal Control

  The Importance of Ethics

 

9

Practice Exam II – DEADLINE

Exam II on Chapters 12, 13, 1, & 2 begins at FCC Testing Center

10

Chapter 3-Product Costing:  Manufacturing Processes, Cost Terminology, and Cost Flows

   Manufacturing, Merchandising, and Service Organizations

   The Production Process

   Product Costs in a Manufacturing Company

   Nonmanufacturing Costs

Exam II – DEADLINE 

***

Last date to drop or switch to audit

 

11

Project - DEADLINE

 

12

Chapter 4-Cost Behavior and Relevant Costs

   The Behavior of Fixed and Variable Costs

   The Cost Equation

   Mixed Costs and Using the High/Low Method

   Relevant Costs and Cost Behavior  

 

13

Chapter 7-Cost-Volume-Profit Analysis and Variable Costing

   The Contribution Margin Income Statement

   What-If Decisions using CVP

   Break-Even and Target Profit Analysis

   Assumptions of CVP Analysis

 

14

Practice Exam III – DEADLINE

 

15

EXAM  III – DEADLINE  Chapters  3, 4, & 7