ACC112LC3 - Principles of Accounting II - DL (L. Russell) information page

HOLYOKE COMMUNITY COLLEGE

HOLYOKE, MASSACHUSETTS

ACC 112 - PRINCIPLES OF ACCOUNTING II

INSTRUCTOR: Prof. Russell

OFFICE: KBC 413

TELEPHONE: (413) 552-2312

PRE-REQUISITE: ACC 111

REQUIRED MATERIALS:

1. ACCOUNTING, 23^rd. edition, by Warren, Reeve, Duchac, Klooster & Allen General Ledger Software (with access code), Thomson/SW Publishing

2 Notebook of your choice to be used for solutions to questions and exercises.

3 Working Papers (Chapters 1 - 17)

3. Calculator 10-key, 5 Function ONLY

4. Thumb drives.

COURSE DESCRIPTION:

The development of accounting principles with application to partnerships, corporations, and manufacturing businesses. The use of accounting as a basis for managerial decisions is emphasized. Prerequisites: ACC 111

OTHER DESCRIPTION:

This is a second semester accounting course. Most of the students that take it are Business Majors. Accounting is too broad a subject to be comprehensively covered in a one-year course. The topics covered will reflect the needs of the students of this course. Regrettably, several important topics will be omitted.

Accounting requires creative and critical thinking. Professionals, including Accountants, Managers, and Computer Technicians, must have a large body of knowledge in memory. It is their knowledge and their ability to use it that distinguishes them professionally from others and allows them to practice their professions (and command respectable salaries). Acquiring knowledge requires time and effort; it does not happen easily. This course will CONTINUE to build the professional knowledge you will need to practice a profession.

Students who excel in business usually show some or all of the following attributes: curiosity, precision, perseverance, enthusiasm, industry, numeracy, and a good memory. .

COURSE OBJECTIVES: Upon completion of this course, the student will be able to:

1. Demonstrate an understanding of the fundamental accounting concepts and principles related to partnerships, corporations and manufacturing types of businesses.

2. Correctly use the terminology of accounting in the areas mentioned in (1) above.

3. Recognize the application of generally accepted principles of accounting in the business environment.

4. Process transactions related to Stockholder’s Equity and Long-term debt.

5. Prepare a Cash Flows Statement using the indirect method.

6. Distinguish between Financial and Managerial Accounting and prepare cost reports for Managerial Accounting.

EXPECTATIONS:

Your greatest expectations should be the ones you place on yourself. Your future begins, not when you graduate, but right here and now. What you do in this course will, in part, determine what you can do later in life, so work for yourself. All of this is for your benefit.

TEACHING OBJECTIVES AND ASSESSMENT:

The instructor has several objectives she wants to accomplish in this course. First and foremost is for the students to continue to learn the framework of accounting and continue to fill it with a large body of factual knowledge.

Second is for the students to continue to learn a substantial amount of information and vocabulary. Knowing the language of accounting is necessary for effective, professional communication. The cornerstone of any language is its vocabulary and the underlying concepts.

Third is for the students to continue practicing critical thinking. Critical thinking is making conclusions from available information. The ability to make sense of disparate facts, solve problems, build new ideas, and evaluate the ideas of others is central to critical thinking.

Fourth is to permit students to explore their interests in accounting and make wise decisions about their professional futures.

COURSE REQUIREMENTS:

1. Assignments/Homework:

The key to success in an accounting course is to do the homework on a timely basis. (See attached agenda for the homework assignments) Must be handed in on time for credit. If it is not handed in on the assigned date, NO CREDIT will be given.

2. Examinations: Use of any materials while taking an exam is not permitted!! (See cheating below)

There will be four examinations. Lecture and exams are used to encourage study and to assess learning. The exams may include any material that is covered in lecture notes or is in the reading assignments. Exams are a sampling of what has been taught and cannot possibly include everything that has been presented.

Each exam will consist of a combination of multiple-choice questions, matching, and problems.

The first exam will be graded on the basis of 120 points. The second, third, and fourth will be graded out of basis of 140 points each. The four exams will be weighted 54% of your final grade.

Unless there is clear communication to the contrary, an exam will be held at the scheduled time.

No make-up examinations will be given without the approval of the instructor prior to the administration of the exam. If an exam is not taken on the assigned date and I do not hear from you within 5 Days from the start of the exam**, I will submit an AW (academic withdrawal) slip to the registrar immediately.

**Logging into the course does NOT count as contacting me, MUST email me**

3. Quizzes: There will be numerous quizzes given during the semester and will collectively be weighted 9% of your final average. There are NO makeups for quizzes! ***Failure to take the 1st quiz of each chapter (reading quiz) will result in an automatic ZERO for the 2nd quiz (post quiz) of each chapter.***

4. Homeworks: May be of several types and collectively will be weighted 9% of your average. Must be handed in on time to receive credit!

5. Project: There will be one EXCEL project that will cover everything learned up to and including the Statement of Cash Flows. It will be weighted 15% of your average. Must be handed in on time for credit!

6. There will be a PowerPoint Presentation and Paper which will be weighted 13% of your final grade. Must be handed in on time for credit!

7. CHEATING:

Cheating on any assignment, project, or exam will not be tolerated! If a student is found cheating, the student will receive a zero for the first offense, second offense, the student will automatically receive an “F” for the class. To understand what constitutes cheating/plagiarism, please see the student handbook. Also, review the Academic Integrity Policy found under General Information on the homepage for the E-Institute.

Any form of plagiarism will not be tolerated. In particular, copying and pasting from the internet and collaborating on a quiz, exam or homework are not acceptable submissions of work. When you use someone else's information you must cite appropriately. Collaboration is allowed only when the instructor gives you specific instructions to do so.

HCC takes a strong stand on student violations of the Academic Integrity Policy and follows the consequences outlined in the policy."

8. RULES OF ONLINE BEHAVIOR:

When writing your messages, please use the same courtesy that you would show when speaking face-to-face with someone. Flames, insults, personal attacks, sarcasm, and allegations of illegal or secret activities absent appropriate proof will not be tolerated. It's fine to disagree strongly with opinions, ideas, and facts, but always with respect for the other person. Please make sure caps are off. This alludes to shouting.

Note that messages express the thoughts of the writers, not the board or its moderators.

HCC reserves the right to monitor said content and to remove any objectionable material at any time, in our sole discretion. By participating in message boards, chat rooms, or any other services provided by HCC, you acknowledge that you may encounter material that you find offensive. HCC disclaims any responsibility for said material.

By participating in any service of HCC, you agree not to:

· participate in such a way as to undermine the operation of a forum, email, discussion, chat room or other service

· use a message board, chat room, email, or other service to harass others

· use HCC's services to disseminate any inappropriate, defamatory, libelous, threatening, infringing, obscene, or unlawful material or information

· visit, print, or distribute any objectionable material while participating in HCC services.

HCC disclaims all liability for messages appearing on message boards, comments made in chat rooms, Web pages hosted by HCC, and other materials created by HCC users. HCC has no responsibility for such content and is merely providing access to such content as a service to you.

By participating in HCC services, you agree not to impersonate any person or entity or falsely represent your affiliation with any person or entity.

Message boards, Web pages, and other services provided by HCC may not be used for unauthorized electronic commerce. Use of any HCC's services, including but not limited to message boards and Web pages, for the sale of products or services (including participation in any affiliate program other than that operated by HCC) is prohibited.

If, in the sole discretion of HCC, you are found to be using HCC for any inappropriate commercial purpose, and/or not following the general online guidelines outlined above, HCC reserves the right to take action to end said activity. This action may include dismissal from a course and/or the college.

By posting on message boards, participating in chat rooms, or creating any other content, you will be deemed to have granted HCC perpetual, non-exclusive permission to redistribute by transmission the information or materials worldwide without charge or liability.

You participate in and/or operate message boards, chat rooms, and/or other HCC features at your own risk. If you are unhappy with the contents and/or operation of a message board and/or chat room, your only recourse is to contact the host or Web site that operates said service(s). If you are dissatisfied with any feature, operability, contents, this agreement, other agreements HCC imposes as a condition of usage, or any other component of the HCC Web site, your sole remedy is to discontinue use HCC services.

GRADING:

Your communication skills will be taken into account during the semester. In short, unclear answers and sloppy grammar reflect weak communication skills and will lead to reduced credit. The examinations and class participation will be designed to allow the students to demonstrate these skills. Grades will be based on the following:

Exam One 120 12%

Exams Two - Four (3 x 140 points) 420 42%

PowerPoint Presentation & Paper 130 13%

Excel Project 150 15%

Homework (9 x 5 points) 90 9%

Quizzes (2 quizzes x 9 chapters x 5 points) 90 9%

TOTAL POINTS 1000 100.%

The following is a schedule of numeric grade requirements:

A 93+ C+ 77-79

A- 90-92 C 73-76

B+ 87-89 C- 70-72

B 83-86 D+ 67-69

B- 80-82 D 63-66

D- 60-62

F 59 & below

EXAM POLICY:

**Logging into the course does NOT count as contacting me, MUST email me**

OTHER INFORMATION:

1. This syllabus and assignment sheet may be modified as deemed appropriate. All changes will be announced in class or on the class site.

2. It is the student’s responsibility to read ALL postings (email or discussion/bulletin board) calendar, syllabus, etc.

3 .I try not to work on the weekends. I check my messages daily and will get back to you the same/next day, Monday – Friday.

4. If you have a documented disability and anticipate needing accommodations in this course, please contact the Office of Student with Disabilities so that accommodations can be made.


	HOLYOKE COMMUNITY COLLEGE HOLYOKE COMMUNITY COLLEGE HOLYOKE, MASSACHUSETTS ACC 112 - PRINCIPLES OF ACCOUNTING II INSTRUCTOR: Prof. Russell OFFICE: KBC 413 TELEPHONE: (413) 552-2312 PRE-REQUISITE: ACC 111 REQUIRED MATERIALS: 1. *ACCOUNTING, 23^rd. edition, by Warren, Reeve, Duchac, Klooster & Allen General Ledger Software (with access code), Thomson/SW Publishing 2 Notebook of your choice to be used for solutions to questions and exercises. 3 Working Papers (Chapters 1 - 17) 3. Calculator 10-key, 5 Function ONLY* 4. Thumb drives. COURSE DESCRIPTION: The development of accounting principles with application to partnerships, corporations, and manufacturing businesses. The use of accounting as a basis for managerial decisions is emphasized. Prerequisites: ACC 111 OTHER DESCRIPTION: This is a second semester accounting course. Most of the students that take it are Business Majors. Accounting is too broad a subject to be comprehensively covered in a one-year course. The topics covered will reflect the needs of the students of this course. Regrettably, several important topics will be omitted. Accounting requires creative and critical thinking. Professionals, including Accountants, Managers, and Computer Technicians, must have a large body of knowledge in memory. It is their knowledge and their ability to use it that distinguishes them professionally from others and allows them to practice their professions (and command respectable salaries). Acquiring knowledge requires time and effort; it does not happen easily. This course will CONTINUE to build the professional knowledge you will need to practice a profession. Students who excel in business usually show some or all of the following attributes: curiosity, precision, perseverance, enthusiasm, industry, numeracy, and a good memory. . COURSE OBJECTIVES: Upon completion of this course, the student will be able to: 1. Demonstrate an understanding of the fundamental accounting concepts and principles related to partnerships, corporations and manufacturing types of businesses. 2. Correctly use the terminology of accounting in the areas mentioned in (1) above. 3. Recognize the application of generally accepted principles of accounting in the business environment. 4. Process transactions related to Stockholder’s Equity and Long-term debt. 5. Prepare a Cash Flows Statement using the indirect method. 6. Distinguish between Financial and Managerial Accounting and prepare cost reports for Managerial Accounting. EXPECTATIONS: Your greatest expectations should be the ones you place on yourself. Your future begins, not when you graduate, but right here and now. What you do in this course will, in part, determine what you can do later in life, *so work for yourself.* All of this is for your benefit. TEACHING OBJECTIVES AND ASSESSMENT: The instructor has several objectives she wants to accomplish in this course. First and foremost is for the students to continue to learn the framework of accounting and continue to fill it with a large body of factual knowledge. Second is for the students to continue to learn a substantial amount of information and vocabulary. Knowing the language of accounting is necessary for effective, professional communication. The cornerstone of any language is its vocabulary and the underlying concepts. Third is for the students to continue practicing critical thinking. Critical thinking is making conclusions from available information. The ability to make sense of disparate facts, solve problems, build new ideas, and evaluate the ideas of others is central to critical thinking. Fourth is to permit students to explore their interests in accounting and make wise decisions about their professional futures. COURSE REQUIREMENTS: 1. Assignments/Homework: The key to success in an accounting course is to do the homework on a timely basis. (See attached agenda for the homework assignments) *Must be handed in on time for credit.* If it is not handed in on the assigned date, *NO CREDIT* will be given. 2. Examinations: Use of any materials while taking an exam is not permitted!! (See cheating below) There will be four examinations. Lecture and exams are used to encourage study and to assess learning. The exams may include any material that is covered in lecture notes or is in the reading assignments. Exams are a sampling of what has been taught and cannot possibly include everything that has been presented. Each exam will consist of a combination of multiple-choice questions, matching, and problems. The first exam will be graded on the basis of 120 points. The second, third, and fourth will be graded out of basis of 140 points each. The four exams will be weighted *54%* of your final grade. Unless there is clear communication to the contrary, an exam will be held at the scheduled time. No make-up examinations will be given without the approval of the instructor prior to the administration of the exam. *If an exam is not taken on the assigned date and I do not hear from you within 5 Days from the start of the exam, I will* submit an AW (academic withdrawal) slip to the registrar immediately. Logging into the course does NOT count as contacting me, MUST email me 3. Quizzes: There will be numerous quizzes** given during the semester and will collectively be weighted 9% of your final average. There are NO makeups for quizzes! *Failure to take the 1st quiz of each chapter (reading quiz) will result in an automatic ZERO for the 2nd quiz (post quiz) of each chapter.* 4. Homeworks: May be of several types and collectively will be weighted 9% of your average. *Must be handed in on time to receive credit!* 5. Project: There will be one *EXCEL* project that will cover everything learned up to and including the Statement of Cash Flows. It will be weighted *15%* of your average. *Must be handed in on time for credit!* 6. There will be a *PowerPoint Presentation* and *Paper* which will be weighted *13%* of your final grade. *Must be handed in on time for credit!* 7. CHEATING: Cheating on any assignment, project, or exam will not be tolerated! If a student is found cheating, the student will receive a zero for the first offense, second offense, the student will automatically receive an “F” for the class. To understand what constitutes cheating/plagiarism, please see the student handbook. Also, review the Academic Integrity Policy found under General Information on the homepage for the E-Institute. Any form of plagiarism will not be tolerated. In particular, copying and pasting from the internet and collaborating on a quiz, exam or homework are not acceptable submissions of work. When you use someone else's information you must cite appropriately. Collaboration is allowed only when the instructor gives you specific instructions to do so. HCC takes a strong stand on student violations of the Academic Integrity Policy and follows the consequences outlined in the policy." 8. *RULES OF ONLINE BEHAVIOR: When writing your messages, please use the same courtesy that you would show when speaking face-to-face with someone. Flames, insults, personal attacks, sarcasm, and allegations of illegal or secret activities absent appropriate proof will not be tolerated. It's fine to disagree strongly with opinions, ideas, and facts, but always with respect for the other person. Please make sure caps are off. This alludes to shouting. Note that messages express the thoughts of the writers, not the board or its moderators. HCC reserves the right to monitor said content and to remove any objectionable material at any time, in our sole discretion. By participating in message boards, chat rooms, or any other services provided by HCC, you acknowledge that you may encounter material that you find offensive. HCC disclaims any responsibility for said material. By participating in any service of HCC, you agree not* to: · participate in such a way as to undermine the operation of a forum, email, discussion, chat room or other service · use a message board, chat room, email, or other service to harass others · use HCC's services to disseminate any inappropriate, defamatory, libelous, threatening, infringing, obscene, or unlawful material or information · visit, print, or distribute any objectionable material while participating in HCC services. HCC disclaims all liability for messages appearing on message boards, comments made in chat rooms, Web pages hosted by HCC, and other materials created by HCC users. HCC has no responsibility for such content and is merely providing access to such content as a service to you. By participating in HCC services, you agree not to impersonate any person or entity or falsely represent your affiliation with any person or entity. Message boards, Web pages, and other services provided by HCC may not be used for unauthorized electronic commerce. Use of any HCC's services, including but not limited to message boards and Web pages, for the sale of products or services (including participation in any affiliate program other than that operated by HCC) is prohibited. If, in the sole discretion of HCC, you are found to be using HCC for any inappropriate commercial purpose, and/or not following the general online guidelines outlined above, HCC reserves the right to take action to end said activity. This action may include dismissal from a course and/or the college. By posting on message boards, participating in chat rooms, or creating any other content, you will be deemed to have granted HCC perpetual, non-exclusive permission to redistribute by transmission the information or materials worldwide without charge or liability. You participate in and/or operate message boards, chat rooms, and/or other HCC features at your own risk. If you are unhappy with the contents and/or operation of a message board and/or chat room, your only recourse is to contact the host or Web site that operates said service(s). If you are dissatisfied with any feature, operability, contents, this agreement, other agreements HCC imposes as a condition of usage, or any other component of the HCC Web site, your sole remedy is to discontinue use HCC services. GRADING: Your communication skills will be taken into account during the semester. In short, unclear answers and sloppy grammar reflect weak communication skills and will lead to reduced credit. The examinations and class participation will be designed to allow the students to demonstrate these skills. Grades will be based on the following: Exam One 120 12% Exams Two - Four (3 x 140 points) 420 42% PowerPoint Presentation & Paper 130 13% Excel Project 150 15% Homework (9 x 5 points) 90 9% Quizzes (2 quizzes x 9 chapters x 5 points) 90 9% TOTAL POINTS 1000 100.% The following is a schedule of numeric grade requirements: A 93+ C+ 77-79 A- 90-92 C 73-76 B+ 87-89 C- 70-72 B 83-86 D+ 67-69 B- 80-82 D 63-66 D- 60-62 F 59 & below EXAM POLICY: No make-up examinations will be given without the approval of the instructor prior to the administration of the exam. *If an exam is not taken on the assigned date and I do not hear from you within 5 Days from the start of the exam, I will* submit an AW (academic withdrawal) slip to the registrar immediately. Logging into the course does NOT count as contacting me, MUST email me OTHER INFORMATION: 1. This syllabus and assignment sheet may be modified as deemed appropriate. All changes will be announced in class or on the class site. 2. It is the student’s responsibility to read ALL** postings (email or discussion/bulletin board) calendar, syllabus, etc. 3 .I try not to work on the weekends. I check my messages daily and will get back to you the same/next day, Monday – Friday. 4. If you have a documented disability and anticipate needing accommodations in this course, please contact the Office of Student with Disabilities so that accommodations can be made.