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TROYUNIVERSITY
SORRELLCOLLEGE OF BUSINESS
Principles of Accounting II
ACT 2292 TBWA
Summer 2011
Instructor:Dr. Eddy J. Burks, DBA, CPA
Office Hours:M-TH 8:30-10:30 W 3:30-5:30
Office Location:McCartha 201
Office Phone #:334-670-3149
Instructor Email:
Classroom Location:GAB 101
Class Time:MTWTH 10:30-12:50
Prerequisites:ACT 2291
Description
Modern financial accounting theory and practices applied to sole proprietorships, partnerships, and corporations.
PurposeTo enhance understanding of how basic financial transactions are recorded and analyzed. This class is a core requirement for all undergraduate business programs.
Objectives
On completion of the course, the student should be able to:
- Describe how accounting transactions are recorded.
- Discuss the operating, financing, and investing activities of business entities.
- Explain how accounting transactions flow through general-ledger accounts and financial statements.
TEXTBOOK(S) AND/OR OTHER MATERIALS NEEDED
You should already have a book that you used in ACT2291 principles of accounting. You may already have the access codes to CengageNow. Continue using them.
ACT 2292 XTIH, Accounting (Custom Package), Warren, Carl S., 23RD 09, 0-538-77505-X, South-Western Publishing Co
Here is the direct link for students to purchase their CengageNOW access code:
Warren Accounting 23e:
Students can also go to
CENGAGENOW online homework system for Blackboard is used in this course. You will need an access code. This access code is packaged with the textbook from Troy University Bookstore. Do not misplace this code. If you purchase a USED text you will need additional materials. Students who do not purchase the required bundle from MBS will be required to purchase the access code for CengageNOW separately.
Students should have their textbook from the first week of class. Not having your textbook will not be an acceptable excuse for late work. Students who add this course late should refer to the “Late Registration” section for further guidance.
Required: CengageNOW.
Grading Methods:
Test 1 100 pointsTest 2 100
COMP
FINAL 200
QUIZZES 100
Homework100
Total 600 points / 90%-100% A
80%-89% B
70%-79% C
60%-69% D
below 60% F
Examinations: Tentative examination dates are indicated on the syllabus. More information on the content and format of the exams will be provided as the material is covered in class. The tentative format for each exam includes multiple-choice and problems. If an exam is missed a comprehensive final must be taken at the end of term. A grade of zero will be recorded for the second missed exam.. Programmable calculators (those that store text) are not permitted on the exams. Calculators without text storage capability are allowed.
Homework: Complete homework in CengageNow. It is automatically graded.
Class Procedure:
Class will be a mixture of lecture and student discussion. Student participation in the class discussion is strongly recommended and encouraged as a vital part of the learning process. It is the instructor’s opinion and recommendation that students should spend at least 10-15 hours per week preparing for this class. Students should read the appropriate chapter prior to coming to class.
Attendance Policy:
In registering for classes at the University, undergraduate and graduate students accept responsibility for attending scheduled class meetings, completing assignments on time, and contributing to class discussion and exploration of ideas. If a student does not attend class during the first two weeks (first 14 calendar days) of the semester, and does not give prior notification to the instructor of reasons for absence and intent to attend the class, the student will be required to drop the course. It is the responsibility of the student to drop the course or to withdraw from the University according to University policy.
A faculty member may excuse absences and allow students to make up work if the faculty member deems the absence legitimate. A faculty member is not expected to provide make-up opportunities for a student without a legitimate excuse. Official excuses are granted by the office of the Executive Vice Chancellor and Provost for authorized University activities, and must be honored by the faculty.
Students receiving financial aid benefits are required to attend classes according to the regulations for financial aid benefits in addition to those regulations required for the course. (See the Oracle.)
Inclement Weather and Emergency Situations: Both faculty and students are responsible for meeting all assigned classes. In the event of inclement weather, faculty and students will be expected to attend classes as usual as long as they may do so without risking peril to themselves or to others. During periods of inclement weather, faculty and students will not be penalized for absences dictated by perilous conditions. In severe cases of inclement weather or other emergency conditions, the University will announce cancellation of classes through the local and regional media as well as through the University’s web site. The cancellation announcement may be specific to Alabama campuses or national or international
sites across the University.
Policies and Procedures for Disability Services
TroyUniversity supports Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, which insure that postsecondary students with disabilities have equal access to all academic programs, physical access to all buildings, facilities and events, and are not discriminated against on the basis of disability. Eligible students, with appropriate documentation, will be provided equal opportunity to demonstrate their academic skills and potential through the provision of academic adaptations and reasonable accommodations. Further information, including appropriate contact information, can be found at the link for TroyUniversity’s Office of Human Resources at
Academic Misconduct/Plagiarism Statement:(taken from Oracle Student Handbook)
By enrollment at the University, a student or organization neither relinquishes rights nor escapesresponsibilities of local, state, or federal laws and regulations. The “STANDARDS OF CONDUCT”are applicable to behavior of students and organizations on and off the university campus if thatbehavior is deemed to be incompatible with the educational environment and mission of the university. A student or organization may be disciplined, up to and including suspension and expulsion,and is deemed in violation of the “STANDARDS OF CONDUCT”, for the commission of or theattempt to commit any of the following offenses:
1. Dishonesty, such as cheating, plagiarism or knowingly furnishing false information to theUniversity, faculty or other officers or employees of the University.
2. Forgery, alteration or misuse of university documents, records or identification.
For full list of offenses please see the Student Handbook (Oracle)
Other Information:As deemed appropriate will be provided by the instructor.
ACT 2292
Principles of Accounting II
Course Outline
Chapter 12Accounting for Partnerships and Limited Liability Companies self exam questions 1-5
Exercises:1,3,5,10,12,16,17,19,21
Chapter 13Corporations: Organization, Capital Stock Transactions, and Dividends
self exam questions 1-5
Exercises: 2,4,6,9,13,15,16,19,22,24,25
Chapter 14Bonds Payable and Investments in Bonds
self exam questions 1-5
Exercises: 1,3,4,5,8,10,12,15,19
Chapter 16Statement of Cash Flows
self exam questions 1-5
Exercises:2,4,6,8,10,15,17,19,22
Chapter 17Financial Statement Analysis
self exam questions 1-5
Exercises:2,3,5,6,8,13,15,17,19,21
Chapter 18Introduction to Managerial Accounting
self exam questions 1-5
Exercises:1,3,5,9,11,13,15,17
Chapter 19Job Order Costing
self exam questions 1-5
Exercises:2,4,6,8,10,12,14,16
Chapter 20Process Cost Systems
self exam questions 1-5
Exercises:5,7,8,10,12,14,16
Chapter 21Cost Behavior and Cost-Volume-Profit Analysis
self exam questions 1-5
Exercises:1,2,5,6,7,10,11,13,15,24,25
Chapter 22Budgeting
self exam questions 1-5
Exercises:2,3,5,7,9,11,14,15,17
Chapter 23Performance Evaluation Using Variances from Standard Costs
self exam questions 1-5
Exercises:1,3,5,7,12,13,15
Note: This outline is intended to be minimum coverage of concepts. Other concepts may be
covered at the instructor’s discretion.
Dates: June 22 first day of class
June 29 Exam 1 chapters 12,13,14
July 14 Exam 2 chapters 16,17,18,19,20,21
July 20 Comprehensive Exam chapters 1 – 23 (last day of class)
June 22 Chap 12
23chap12/13
27chap 13/14
28chap 14
29Exam1
July 5chap 16
6chap17
7chap 18
11chap 19
12chap 20
13chap 21
14Exam 2
18chap 22
19chap 23
20Comprehensive Final