Frederick Community College

ACCT 102- ONL Principles of Accounting II

Summer

Instructor Information:

Name: Brad Burtner, CPA	Office: L101H
E-mail: bburtner@frederick.edu	Phone Number: 301-846-2545
Office Hours: By Appointment Only	Campus Mail Box Number: 108

Course Information:

Credits: 3	Last Day to Drop:
Prerequisites: ACCT 101-Priniciples of Acct. I	Co-requisites: None
Meeting Day(s): Anytime	Meeting Time(s): Anytime

Course Description:

A continuation of the accounting concepts included in ACCT101, 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:

By the completion of the course students will:

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.

Text(s) for Course:

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

Thomson Custom Publishing

Evaluation Methods:

Exams / Projects	Point Value	Final Grade Scale
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

Examination/Project Policy:

All exams and projects must be taken or turned in when scheduled unless prior notification is received and approved. Failure to notify the instructor in advance may result in penalties being assessed at the instructor's discretion. Projects and exams will be returned within two business days after submission.

Progress Report:

Students will receive graded assessments to measure their progress, by the sixth week of the class. Students have continuous access to their grade within (Grades/Tools).

Change of contact information:

Please notify me immediately of any change in E-Mail address, Phone number(s), residence address, or any other means of contact.

Instructor Availability:

I am available for office hours only by appointment. I invite you to please contact me several days in advance if you wish to make an appointment. I will do my best to be available to assist you. The best way to contact me is via E-mail. I check my E-mails and Discussion Board threads daily. I will reply within 24 hours.

Instructional Philosophy:

This summer course is a very rapid pace. Students are responsible for all the information in the assigned chapters – 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.

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	Chapter	Subject and Content
1	9 (Excluding Time Value of Money) 10	Self Introduction Posted on Discussion Board Deadline Current Liabilities The nature of liabilities Current vs. Long-term liabilities Contingent liabilities Long-Term Liabilities Balance sheet measurement & presentation Bonds Payable Liability for Leases Ratios for decision making
2	11	Practice Exam I – DEADLINE Project work- Selection of company and Annual Report 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
3	9 – 11 12	Exam I – DEADLINE 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
4	13 1 (After Chapter 13) 2	Practice Exam II – DEADLINE Financial Statement Analysis Analysis of Comparative & Common-size Statements Horizontal & Vertical Analysis Liquidity Analysis and the Management of Working Capital Solvency Analysis Profitability Analysis 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 Corporate Governance and Ethics Corporate Governance Internal Control The Importance of Ethics
5	12, 13, 1, & 2 3	Exam II – DEADLINE 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
6	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 PROJECT DEADLINE
7	7	Practice Exam III – DEADLINE 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
8	3, 4, & 7	EXAM III – DEADLINE