Principles of
Accounting II--AC 122 Section 02
Winter, 2008
Meeting Time: 9:00—10:05 a.m. MWF Instructor: Paul Magnall
Place: Business
Center 116 Office: Business
Center 108
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
T 1:00—2:00 p.m.
W 2:00—3:00 p.m.
H 8:30—9:30 a.m.
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: Financial
and Managerial Accounting—Information for Decisions (2nd ed) written
by Wild and Chiappetta and published by
McGraw-Hill Irwin is required—it
is the same textbook that was used for Principles of Accounting I last
semester. There is also an OPTIONAL
student workbook and this outlines the material from each chapter and provides
some sample questions. 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. Preparing the Statement of
Cash Flows—Direct and Indirect Method
2. Analyzing financial
statements through ratios
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.
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 11, 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, (4)
to aid in the return of materials and (5) it is part of the evaluation system
that students have selected—see evaluation section of the syllabus.
SPECIAL NEEDS:
The Americans with
Disabilities Act of 1990 (ADA)
provides protection from illegal discrimination for qualified individuals with
disabilities. Students requesting
instructional accommodations due to disabilities must arrange for such
accommodations by contacting Pathways Associate for Testing and Advising Carla Coates.
She can be reached at the Pathways
Center, 314 Vogel Library, Wartburg College,
Waverly, IA
50677, 352-8230,
<Carla.coates@wartburg.edu>.
Presenting documentation of a student’s disability early (before the
beginning of classes) is helpful and often necessary to secure needed materials
in a timely way. Accommodations should
be requested PRIOR to affected assignment due dates. For more detailed information, please see http://www.wartburg.edu/pathways/testing/AccomodationProcessStudents.pdf
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 Wartburg College,
students are demonstrating their dedication to the Honor Code. The Honor Code reminds student of their responsibility
to promote academic honesty by opposing cheating and plagiarism and reporting
dishonest work.
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 Wartburg College
are expected to demonstrate four simple principles:
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.
DETERMINATION OF FINAL GRADE
Part I—EXAMINATIONS—approximately 350
points.
During the semester three
unit examinations and a final exam will be given. The unit exams will consist of
problem-oriented exercises and multiple choice questions covering terminology
and accounting theory covered in the unit.
The final exam will include problems from the last two chapters and
multiple choice questions (some of which may be quantitative in nature) from
all of the material covered during the term.
Exam 1--Chapters 12 & 13
(approximately 80 points) Friday, January 25, 2008
Exam 2--Chapters 14, 15, & 17 (approximately 80 points) Monday, February 18, 2008
Exam 3--Chapters 18, 19, & 20 (approximately 80 points) Wednesday, March 26, 2008
Final--Chapters 23 & 24
(problems)(approximately 50 points) Wednesday,
April 16, 2008
and Comprehensive Final (MC only) (approximately 60 points)
NOTE: The final exams will not be administered
before the scheduled time—please plan accordingly.
FINAL EXAM PERIOD--
11:30—1:30 on Wednesday, April 16, 2008
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.
Part II—Class attendance—60
points maximum.
Students
have decided that class attendance should be included in their evaluation
process. Students will receive 2 points
for each day they come to class prepared for class. If a student is not in attendance for any
reason, no points will be “earned” that day.
Also, simply filling a seat may not be enough to “earn” the 2 points for
the day either. If a student is called
on for an answer to assigned exercise or problem and the student is not
prepared with a response, there will be no points awarded on that day. A random list of students names will be used
to as a means of calling on students for their responses to assigned exercises
and problems.
Part III—Quizzes—70 points
Each
quiz will have a point value of 10 and there will be 9 quizzes administered
during the term. Each quiz will be
composed of a combination of multiple choice questions, essay questions, or
short computational problems. A
student’s top 7 quizzes will be included in the total points to determine the
final grade. There is no provision for
making up a quiz—if you are not present when the quiz is distributed, you will
not be allowed to take the quiz.
You
will need to modify your assignment sheet to include the dates for the
“announced quizzes:”
