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Frederick
Community College ACCT102-
ONL1 Principles of Accounting II Summer 2011
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Class
begins: 6/6/11 |
Class
ends: 8/1/11 |
Last Day to
Withdraw: 7/13/11 |
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Instructor
Information: |
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Name: Brad Burtner,
CPA |
Office: B216A |
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E-mail: bburtner@frederick.edu |
Phone
Number: 301-846-2545 |
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Contact
Hours: email and
by appointment for in-person meeting in my office: Office Hours: By
Appointment Only |
Campus
Mail Box #: 108 |
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Course
Information: |
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Credits: 3 |
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On-campus
Meetings: None |
On-campus
Exams: 2 |
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Prerequisites: ACCT 101 |
Corequisites: None |
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Course
Description: |
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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. |
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Core
Learning Outcomes: |
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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. |
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Instructional
Methods: |
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1. Students are expected to comprehend the
textbook concepts and understand end of chapter assignments. 2. Independent and/or group problem
solving/research activities 3. Class discussions & communication via
Discussion board & E-mail. |
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How is this course organized:
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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. |
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Text(s)
and Course Materials: |
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Required: Financial & Managerial Accounting Special Edition for Frederick Community
College, Porter, Norton, Jackson, and Sawyers
Thomson
Custom Publishing |
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Progress
Report: |
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By
the end of the fourth 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. |
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Participation
Policy: |
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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. |
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Student
Services |
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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. |
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Email
Policy: |
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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. All students will receive and be
expected to use their FCC email address for their correspondence with faculty
and staff at the college. Students can
establish and access their FCC email accounts at the login page:
https://myfcc.frederick.edu. 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. |
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Academic
Integrity: |
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Students are required to uphold
the Code of Academic Integrity and the Code of Student Conduct. Students who
violate either of these codes may receive a failing grade in the class. Information about these codes and other
student policies, procedures, and penalties is available on the Student
Policy and Procedures web page at |
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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 |
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Topical
Outline
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Week
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Subject and
Content ACTIVITY ONLINE |
ON-CAMPUS
ACTIVITY |
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Self
Introduction Posted on
Discussion Board Deadline Chapter 9-Current Liabilities
The nature of liabilities Current vs. Long-term liabilities Contingent liabilities Chapter
10-Long-Term Liabilities Balance sheet measurement &
presentation Bonds Payable Liability for Leases Ratios for decision making |
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2 |
Practice Exam
I – DEADLINE 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 |
Exam I on
Chapters 9 - 11 begins at FCC Testing Center |
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3 |
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 |
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4 |
Practice Exam
II – DEADLINE 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 Investments in
highly liquid financial instruments Investments
in stocks and bonds Chapter
1-Accounting Information and Managerial Decisions (after chapter 13) 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 Be sure you
know your progress at this point of the semester. |
Exam II on
Chapters 12, 13, 1, & 2 begins at FCC Testing Center |
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5 |
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 |
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Last date to
drop the class or switch to audit |
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6 |
Project Due –
DEADLINE 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 |
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7 |
Practice Exam
III – DEADLINE 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 |
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8 |
EXAM III – Chapters 3, 4, & 7 - DEADLINE |
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