ACC 202 (03) Spring 2019 Office: Thompson Clark 308 Office Hours: M-W-F 12:00 12:45 pm and 3:00-3:30 pm Tuesday 8:45 9:15 am Thursday 10:30-11:00 am Other times by appointment Phone: 724 946 6834 Campus 412 443 7850 Mobile E-mail: bittelkb@westminster.edu Westminster College ACC-202 (03) Principles of Accounting II Keith B. Bittel, CPA, EA, MS Ed Thompson Clark 315, M-W-F 12:50 pm 1:50 pm COURSE DESCRIPTION: ACC-202 Principles of Accounting II is a continuation of the introductory course, ACC 201. It will build upon the principles of financial accounting that were learned in the 1 st installment of Principles of Accounting II. The course will also focus on analysis of financial statements, accounting specific to partnerships, corporate equity issues and introduce the concept of management accounting. COURSE OUTCOMES: Upon completion of this course and after applying the proper amount of attention and effort, students should be able to: I. Identify the difference between cash basis and accrual basis of accounting. II. III. IV. Define the users of financial information Use the accounting equation to analyze business transactions into debit and credit parts Measure cost of plant assets and calculate depreciation expense using multiple methods V. Account for current liabilities that are known and for those that must be estimated VI. VII. VIII. IX. Calculate payroll, payroll taxes and accrued payroll liabilities Account for long-term liabilities including bonds and mortgages Measure interest expense on bonds using the straight-line amortization method Identify two sources of stockholders equity and account for transactions related to stockholders equity X. Account for corporate income taxes XI. XII. XIII. XIV. XV. XVI. XVII. Account for stock dividends, stock splits and treasury stock. Analyze cash flows from operations, investing activities and financing activities using indirect method. Perform horizontal and vertical analysis of financial statements Identify the characteristics and types of partnerships Calculate and account for partnership allocations and partner transactions Understand the basic concept of managerial accounting & the differences from financial accounting Perform job order, process and activity based costing calculations TEXT & SUPPLIES: Accounting 9 th Edition. Author: Horngren. Publisher: Pearson. ISBN-13: 978-0-13-256905-7. Students are expected to bring the textbook, a pencil, eraser, ruler, calculator, notebook, and handout/work paper folder to each class period. Programmable calculators and cell phones are not permitted. Non-programmable calculator: You will NOT be permitted to use a programmable (scientific) calculator or the calculator on your phone during quizzes and exams. Basic, inexpensive non-programmable calculators are available at Staples, Wal-Mart and other stores for less than $5. Bittel
CLASS PROCEDURES: Classroom instruction will consist of lecture, discussion, problem solving and use of supplemental materials/resources to reinforce concepts covered in class. Students are expected to read each chapter prior to that chapter being discussed in class. This will allow for classroom discussions and provide students with information that will be necessary for completing in-class and homework assignments. Quizzes will be administered to periodically test student understanding of the text readings. After introduction of the information in each new chapter, problems will be completed during class so that students can apply concepts covered in the reading. Completion of problems in the class will also provide students an opportunity to ask questions and get assistance from the instructor. Homework problems will be assigned to provide students with a chance to independently apply what they are learning. Homework problems will be reviewed in class and certain problems will be selected for graded assessment. Class time will be spent on problem solving and dissemination of information required for classroom learning. Any concern that a student may have with the class should be addressed during a scheduled meeting with the instructor during office hours or other appointed time. Cell phones are to be in silent mode or off and texting is not permitted. Failure to comply may result in a reduction of your grade. Those who are late or disruptive may be required to leave. Leaving the classroom during a quiz or exam is generally NOT permitted. However, I will permit students to leave in case of an emergency such as sudden sickness or need to use the restroom. In these cases, cell phones, other devices, text and notes must be left in the classroom. ACADEMIC DISHONESTY Cheating, plagiarism, copying another student s homework, use of unauthorized materials in class, divulging information regarding examinations and other forms of academic dishonesty will be handled as noted in the Undergraduate Catalog. Refer to the College s Academic Integrity Policy (AIP) found on pages 60 64 of the 2018 2019 Undergraduate Catalog for examples of academic dishonesty and the consequences of engaging in such activities. Any suspected violation of the AIP will be taken extremely seriously. If I determine that the AIP has been violated, I will notify the student of the academic consequence and will refer the violation to the Academic Affairs office for review and disciplinary action. ATTENDANCE: In this course, attendance is required and is also necessary to achieve academic success. Regular attendance in class allows for in-depth discussion of accounting concepts with the instructor and classmates, guided practice in the completion of in-class problems and review of homework assignments all of which serve to enhance and reinforce student learning. Attendance is, therefore, expected at all regularly scheduled classes. The grading for the course contains an attendance/participation component worth 40 points. Those students who have 3 or fewer absences will maintain this grade. After 3 unexcused absences, 10 points will be deducted from your grade for each absence. Accumulating more than 7 unexcused absences may result in further reduction to your course grade. An excused absence, as defined by the Class Attendance and Excused Absences policy found on pages 55 of the 2018-2019 Undergraduate Catalog, will not count as an absence for purposes of determining your attendance grade. However, for the absence to be considered excused, written notification must be received prior to the class. E-mail is an acceptable form of communication. Written verification may be requested by the instructor to validate an absence as excused. The instructor withholds the right to determine whether an absence will be considered excused or not. Students are expected to agree to a learning contract as part of this class. 10 points will be deducted from your grade should the learning contract not be returned by the 3 rd scheduled class.
ACC 202 (03) Spring 2019 METHODS OF ASSESSMENT Student mastery of the course s learning outcomes will be measured utilizing methods listed below. HOMEWORK ASSIGNMENTS: Each assignment should be completed prior to the class in which it is to be covered. Unless instructed otherwise, assignments must be submitted via the Dropbox function of the Desire2Learn system. Failure to do so may result in partial or zero credit for the assignment. Late assignments may receive partial credit at the discretion of the instructor. However, late assignments will not be accepted once the exam for the related unit has been administered. It is vital that the homework assignments be completed as they reinforce concepts covered in class. In addition, ongoing evaluation of these assignments serves as a form of continual assessment that will enable the instructor and student to diagnose areas of strength & weakness in terms of understanding the course content. Evaluation of homework assignments will be conducted by the student, the instructor and peers. QUIZZES: Quizzes will occur throughout the term. The number of quizzes will depend on the level of preparedness the class demonstrates and will be at the instructor s discretion. Quizzes serve as an important assessment tool that will be used by the instructor to evaluate student learning. However, students should also use the quizzes to self-evaluate their learning. The policy for make-up quizzes will follow the same policy as exams. Please read the Testing section of the syllabus for details. TESTING: All exams and quizzes are required. While the information covered in each chapter builds upon knowledge learned in previous chapters, only information presented since the prior exam will be tested. The testing format will consist of multiple choice, short answer, problem solving and essay. Each test will be comprised of some but not necessarily all these components. As a rule, there will be no make-up exams. However, in certain situations a legitimate request may be granted. Requests may be granted if they meet the criteria for excused class absences and absences from exams as defined by the Class Attendance and Excused Absences Policy found in the Undergraduate Catalog. Feeling under the weather, worn down or being very busy do not qualify as acceptable excuses for missing class. A written request must be submitted prior to the time of the exam. E-mail constitutes an acceptable method of written notification. The make-up exam must be taken before the regular test is returned to the class for review and it is up to the student to contact the instructor to plan to take the make-up exam. Failure to follow these procedures will result in the missed exam being assigned a 0 grade. FINAL EXAM: There will be a comprehensive final exam in this course. The final exam will be approximately 21% of the course grade. The exam may utilize one or several of the following testing formats: multiple choice, short answer, problem solving and essay. The final exam will take place in TC315 on Tuesday, May 7, 2019 at 8:00 am GRADING: Students will have the opportunity to earn points on exams, quizzes, assignments, class discussion, etc. At any point during the term, your average can be calculated by dividing the number of points you have earned by the total possible points. Extra credit will NOT be available for this class. Grades may be calculated on a curved grading scale, however, do not expect this to be the case. The decision to implement a curved grading scale will not be made until the end of the term. Understand that your grade and whether a curve adjustment is utilized are at the discretion of the instructor. A 92% C < 78 73% A- < 92 90% C- < 73 70% B+ < 90 88% D+ < 70 68% B < 88 83% D < 68 63% B- < 83 80% D- < 63 60% C+ < 80 78% F < 60% Note: Please remember that you need to obtain a minimum grade of a C for this course to satisfy a major or minor requirement. Bittel
COMPONENTS OF EVALUATION: Your grade will be comprised of the following components: Category Points % Attendance/Learning Contract 50 6.9 Homework/Class Activities 150 20.7 Quizzes 75 10.3 Exams 300 41.4 Final Exam 150 20.7 Totals 725 100.0 Accessibility Statement Westminster College actively strives for the full inclusion of all our students. Students with disabilities who require access solutions for environmental or curricular barriers should contact Faith Craig, Director of Disability Resources, located in 414 Thompson-Clark Hall. Phone: 724-946-7192 e-mail: craigfa@westminster.edu ACC 202 Principles of Accounting II Course Outline: Spring 2019 Date # Subject Chapter Homework Due Related Course Learning Outcome 1/14 1 Intro to class/review of Concepts 1-9 N/A I, II, III Learned in ACC 201 1/16 2 Review of ACC 201 1-9 N/A I, II, III 1/18 3 Finish Review of ACC 201/Plant 9 Learning Contract I, II, III, IV Assets & Intangibles 1/21 No Class MLK Day 1/23 4 Plant Assets & Intangibles 9 E9-13 III, IV 1/25 5 Plant Assets & Intangibles 9 E9-20 & 25 III, IV 1/28 6 Current Liabilities 10 P9-27A III, IV 1/30 7 Current Liabilities & Payroll 10 E10-8 & E10-9 V, VI 2/1 8 Payroll 10 E10-13 V, VI 2/4 9 Payroll 10 P10-18A VI 2/6 10 Payroll/Review Unit 1 1-10 P10-19B I - VI 2/8 11 Unit 1 Exam 1-10 Study I - VI 2/11 12 Intro to Long-term Liabilities 11 N/A VII 2/13 13 Mortgages & Amortization Schedules 11 E11-13 VII 2/15 14 Bond Prices, Discounts and Premiums 11 E11-14, E11-15 VII, VIII 2/18 15 Bonds, Balance Sheet Classifications 12 E11-18, E11-21 VII, VIII 2/20 16 Corporate Equity & the Balance Sheet 12 P11-25A, P11-27A IX 2/22 17 Corporate Equity & Dividends 12 E12-14, E12-15, E12-16 IX, XI 2/25 18 Dividends & Accounting for Income Taxes 12 E12-20, E12-21 X, XI 2/27 19 Corporations: Retained Earnings 13 E12-25 X, XI 3/1 20 Corporations: Retained Earnings 13 E13-12, E13-13 X, XI E13-16
ACC 202 (03) Spring 2019 Bittel Date Subject Chapter Homework Due Related Course Learning Outcome 3/4 21 Corporate Income Statement/Review 11-13 N/A IX, X, XI 3/6 22 Unit 2 Exam 11-13 Study IX, X, XI 3/8 23 Statement of Cash Flows 14 N/A XII 3/11 No Class Spring Break 3/13 No Class Spring Break 3/15 No Class Spring Break 3/18 24 Statement of Cash Flows 14 N/A XII 3/20 25 Statement of Cash Flows 14 E14-13, E14-17 XII 3/22 26 Financial Statement & Ratio Analysis 15 P14-26a XIII 3/25 27 Financial Statement & Ratio Analysis 15 N/A XIII Financial Statement & Ratio Analysis 15 E15-13, E15-14, E5- XIII 3/27 28 15 3/29 29 Ratio Analysis/Intro to Partnerships 15 & P E15-17 & E15-20 XIII 4/1 30 Partnerships Characteristics & Types P N/A XIV, XV 4/3 31 Partnerships Characteristics & Types P EP-13 & EP-14 XIV, XV 4/5 32 Partnership Allocations to Partners P EP-15 III, XIV, XV 4/8 33 Admission & withdrawal of Partners P EP-16, EP-17 III, XIV, XV 4/10 34 Unit Review 14, 15, P EP-18, EP-19 III, XII - XV 4/12 35 Unit 3 Exam 14, 15, P Study III, XII - XV 4/15 36 Intro to Managerial Accounting 16 N/A XVI 4/17 37 Managerial Accounting 16 E16-14 XVI, XVII 4/19 No Class Easter Break 4/23 Job Order and Process Costing 17 E16-20 XVII 38 Note that this is a Tuesday. 4/24 No Class Students attend URAC 4/26 39 Job Order and Process Costing 17 E7-14 XVII 4/29 40 Activity Based Costing 18 E17-16 XVI, XVII 5/1 41 Special Topics I - XVII 5/3 Special Topics/Overview of Final I - XVII 42 Exam 5/7 Final Exam @ 8:00 am in TC 315
Learning Contract for ACC 202 Principles of Accounting II (Please sign and turn in by 3rd scheduled class. Note requirement #9.) Print Name Last, First I have read and understand the course syllabus and agree to abide by the following: Initials 1. I read and understand the class procedures as listed in the course syllabus. 2. I read and understand the attendance policy as listed in the course syllabus. Furthermore, I recognize that missing even one class impairs my ability to get needed material from this course. 3. I agree to bring the text and supplies as listed on the course syllabus to every class. 4. I agree to make a good faith effort to complete my homework prior to class as noted in the course syllabus. 5. I understand that if I cannot take an exam or quiz at the scheduled time, it is my obligation to personally contact the professor to find a viable alternative. Failure to follow these instructions will result in a zero on the exam or quiz. 6. I understand when the final exam is scheduled and will be available at that time. 7. I understand that cell phones are to be turned off or set to vibrate during class. 8. I am committed to abiding by the course syllabus & doing my best to be successful in this course. 9. I have achieved an 80% on the syllabus quiz in D2L. Signed Date