Principles of
Accounting II--AC 122 Section 01
Winter, 2007
Meeting Time: Noon—1:05 PM MWF
Instructor: Paul Magnall
Place: Business Center 116 Office:
Office Phone: 352-8428
Home Phone: 352-2197 (Before 10 PM)
Office Hours: M 1:15—2:30 PM e-mail: paul.magnall@wartburg.edu
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Prerequisites: Principles of Accounting I (AC 121) (Students
that received less than a C- in Principles of Accounting I are discouraged from
taking Principles of Accounting II.)
Textbook: Principles
of Accounting: Tools for Business
Decision Making by Kimmel, Weygandt, and Kieso, Wiley Publishing is required—this is the same
textbook as was used in Principles of Accounting I last semester. You may have purchased a student workbook for
Chapters 1—14 last semester; this outlines the
material from each chapter and provides some sample questions. There is also another workbook for Chapters
15—22. NEITHER OF THE WORKBOOKS ARE REQUIRED BY THE INSTRUCTOR. A calculator would be helpful but is not
required. (If you are going to purchase
a calculator, you will find that a financial calculator will be more useful to
you as a business student than a scientific calculator.)
Course Objectives: This course is a continuation of Principles
of Accounting I; Accounting I was designed to give beginning business students
a basic understanding of accounting terminology, financial statement
preparation, and the preparation of journal entries. Whereas Principles of Accounting I focused
primarily on financial accounting (the preparation of financial statements),
the primary emphasis in Principles of Accounting II is management accounting
(using accounting information for making good managerial decisions within the
business). The objectives are
accomplished by reading the textbook material and working through many
exercises and problems that require the student to apply the many aspects of
accounting theory being studied in the course.
The
following is a list of the major topics of this course:
Financial Accounting Topics:
1. Reporting and Analyzing
Investments
2. Preparing the Statement of
Cash Flows—Direct and Indirect Method
3. Analyzing financial
statements through ratios (review of AC 121 Items)
Managerial Accounting
Topics:
1. Job Order Costing
2. Cost-Volume-Profit
Analysis—Break-even point and margin of safety
3. Preparing Budgets
4. Assessing manager’s
performance via flexible budgets
5. Accounting for manufacturing
costs through a Standard Cost System
6. Capital budgeting
7. Making management decisions
by using accounting information
Student Practice of
Accounting Concepts: At the end of each chapter
there are several types of activities that students can do to understand the
textbook material. It is assumed that
STUDENTS will practice as much as they feel is necessary to understand the
material from the textbook.
1. Self-study questions—A
set of multiple choice questions dealing the objectives of the chapter. Students should complete these on their own and the answers to these questions appears on the last page of the
chapter material.
2. Questions—Open-ended
questions dealing this the concepts and the objectives of the chapter. Students should use these to review the concepts of the
chapter. Students who would like answers
to these questions should ask to have them discussed either during classroom
discussions or during an office visit with the instructor.
3. Brief-exercises—Practice
in applying the chapter objectives and concepts. Students should work these on their own. The answers to all of the exercises have been
posted to the web site for the class so that students can check their answers
to any or all of the brief-exercises.
4. Exercises—Simple and straight forward questions
dealing with one specific objective for the chapter. The answers to all of the exercises have been posted to the
web site for the class so that students can check their answers to any or all
of the exercises.
5. Problems—Much more complicated numerical computations dealing with
the objectives and concepts from a chapter.
Some
problems from each chapter will be completed by students during class time.
It
is the estimate of the instructor that the average student should be spending 2
hours in out-of-class work (reading and computational work) for each class
session—that translates to 6+ hours of work each week outside of class for this
course.
There is a change from last
term in regards to homework—there is NO
assigned homework. Students are expected
to review end-of-chapter material as they feel is necessary. I have made available answers to all
brief-exercises and exercises at MY.WARTBURG.
You should work those items independently from the answers and then use
the answers to check your understanding of the material.
Attendance: It is the instructor's expectation that
students will attend all class sessions if at all possible and the instructor
will note absences on the seating chart.
Examinations cannot be made up without proper notice prior to the exam
period.
On
Friday, January 12, a seating chart will be prepared based upon where students
are sitting on that day. The purpose of
the assigned seating is (1) for the instructor to take note of who is in class
each day, (2) for the students to become comfortable with their position in the
classroom, (3) to aid the instructor in learning student’s names and faces, and
(4) to aid in the return of exams.
Special Accommodations:
The
Americans with Disabilities Act of 1990 (
Supplemental Instruction: If a student is having a great deal of
difficulty with some accounting topic, they can receive assistance from the
supplemental instructor for this class.
The supplemental instructor will be announcing the times of help
sessions within the first few class sessions.
Remember that this additional support is a supplement to any assistance
that may be available from the instructor.
Academic Integrity
Statement: By attending
The official Honor Code, as
approved by faculty and Student Senate, is as follows:
“As a matter of personal
commitment, students faculty and staff of
1) All submitted
work must be your own.
2) When using
the work or ideas of others, including fellow students, provide full credit
through
accurate
citations.
3) Ask for
clarification if there is uncertainty about citation rules on a particular
assignment.
4) Maintain
academic honesty on examinations and class assignments.”
Cheating
on an exam will not be tolerated. Anyone
suspected of cheating on evaluations will discuss the incident and the
consequences with the instructor. The
penalty could range from a zero on the exam to an automatic F for the
course. It is the responsibility of all
students to report violations of this rule.
Exam 1--Chapters 12, 13, & 14 (approximately 80 points) Monday,
Exam 2--Chapters 15, 16, & 18 (approximately 80 points) Friday,
Final--Chapters 22
(problems) (approximately 30
points)
and
Comprehensive Final (MC only) (approximately
50 points)
NOTE: The final exams will not be administered
before the scheduled time—please plan accordingly.
FINAL EXAM PERIOD-- 12:00—
When
a student writes an exam for this course, they must use the calculator
provided, use a pencil for a writing instrument, place all books and papers on
the floor, and if you WEAR A BASEBALL CAP, you must have the bill turned to the
rear—I would like to see your eyes during the exam.
If
for some reason a student cannot attend class on a day that a test is
scheduled, they must notify the instructor prior
to the administration of the exam.
Without such notice, the student will receive a zero for the exam. Any make-up exams will contain different
questions (many multiple choice questions are changed to essay questions) and
problems than the exam given at the scheduled time.
The
procedure for student review of the exams is to have them returned to the
students as soon as possible. Then the
students will take the exams with them and review the exams before the next class period. Students may visit with the instructor on an
individual basis to discuss questions about the exam. Scores for exams are not recorded in the
grade book until students have had a chance to review the exams. To
receive a score for the exam, they must be returned to the instructor.
Final
Grades for this course will use the following scale:
90—100% A
80—89% B
67—79% C
55—66% D
Under
55% F
The
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Principles of Accounting II—Section 01 |
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Assignment Sheet--Winter, 2007 |
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Monday |
Wednesday |
Friday |
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Introduction to the Course |
Chapter 12 |
Chapter 12 |
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Review of Material From Accounting I |
Reporting and Analyzing Investments |
Reporting and Analyzing Investments |
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Seating chart to be Completed |
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MLK DAY— |
Chapter 13 Statement of
Cash Flows |
Chapter 13 |
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50 Minute Class Period |
Statement of Cash Flows |
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Chapter 12 |
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Reporting and Analyzing Investments |
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Chapter 13 |
Chapter 13 |
Chapter 14 |
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Statement of Cash Flows |
Statement of Cash Flows |
Financial Statement Analysis |
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Chapter 14 |
Chapter 14 |
Review for Exam 1 |
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Financial Statement Analysis |
Financial Statement Analysis |
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EXAM 1 |
Chapter 15 |
Chapter 15 |
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Chapters 12, 13, & 14 |
Managerial Accounting |
Managerial Accounting |
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Chapter 16 |
Chapter 16 |
Chapter 16 |
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Job Order Cost Accounting |
Job Order Cost Accounting |
Job Order Cost Accounting |
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WE SKIP CHAPTER 17 |
Chapter 18 |
Chapter 18 |
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Chapter 18 |
Cost Behavior Analysis |
Cost Behavior Analysis |
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Cost Behavior Analysis |
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Chapter 18 |
Review for Exam 2 |
EXAM 2 |
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Cost Behavior Analysis |
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Chapters 15, 16, 18 |
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BREAK WEEK |
BREAK WEEK |
BREAK WEEK |
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Chapter 19 |
Chapter 19 |
Chapter 19 |
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Budgetary Planning |
Budgetary Planning |
Budgetary Planning |
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Chapter 20 |
Chapter 20 |
Chapter 21 |
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Responsibility Accounting |
Responsibility Accounting |
Standard Costing |
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Chapter 21 |
Chapter 21 |
Review for Exam 3 |
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Standard Costing |
Standard Costing |
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Exam 3 |
Chapter 22 |
GOOD FRIDAY |
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Chapters 19, 20, 21 |
Incremental Analysis and Capital
Budgeting |
NO CLASS |
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EASTER BREAK |
Chapter 22 |
Chapter 22 |
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NO CLASS |
Incremental Analysis and Capital Budgeting |
Incremental Analysis and Capital
Budgeting |
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The final exam period will have two
packets of material: |
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Packet 1--Problems from Chapters 22 |
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Packet 2--Multiple Choice Questions from all Chapters covered
during the semester |
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Section 01
Final Exam Period |
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