FLORIDA INSTITUTE OF TECHNOLOGY
College of Business
Accounting Principles II
BUS 2212
Spring 2006
INSTRUCTOR: Dr. Sonja A. Villaire, CPA
E-MAIL:
OFFICE: (321) 674-8817
FAX: (321) 777-5666
Office Hours: College of Business Room 125
Monday 12:30 - 4:30pm
Other times on Wednesday or Friday by mutually agreed appointment.
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COURSE This course continues the study of financial statements that DESCRIPTION: were introduced in Accounting Principles I. Topics include a detailed study of cash flow statements and provide
students with exposure to financial statement analysis and also includes introductory managerial accounting topics.
COURSE Accounting Principles II reviews and builds on the material
OBJECTIVES: covered in Accounting Principles I in order to prepare the
students for upper level business courses and, eventually, careers in business.
The specific objectives of this course include:
(1) gain an understanding of basic corporate structure, methods of capitalization, and the accounting procedures for various corporate investments.
(2) understand the integration of the four statements used to report the financial activities of an entity, and be able to evaluate the overall financial health of a company.
(3) distinguish financial accounting from managerial accounting and be able to prepare and analyze the financial statements of a manufacturing company.
(4) learn the differences in various methods of accounting for costs within a manufacturing setting, and be able to prepare budgets and cost-volume-profit analyses.
(5) understand standard costing and variance analysis as decision-making tools.
(6) use written and oral communication skills in demonstrating reasonable standards of making ethical judgments.
REQUIRED Accounting (6th ed.), Harrison, Horngren, and Bamber,
TEXT: Prentice-Hall, 2005. (ISBN 0-13-152825-4) If a used book, or a book without the online access code attached, is purchased, ‘One Key Course Compass', for which the ISBN is 0-13-148624-1, must also be purchased.
METHOD OF Instructional methods include lectures and class discussion
INSTRUCTION: of questions and problems. Because of the large amount of material that will be covered during the semester, it is imperative that students have read all assigned materials carefully prior to the lecture, and be prepared to actively participate in the discussion of the chapter and any assigned exercises and/or problems.
ASSIGNMENTS: A class discussion schedule is given at the end of this syllabus. You should read the associated chapter and be ready to discuss the assigned problems to the best of your ability prior to each class meeting. As time permits, all assigned problems will be discussed during class sessions.
The Ethical Issues Assignments are located in the “Apply Your Knowledge” section of each chapter following the problems. You will be assigned two write-ups for the semester, one from the first 6 chapters and one from the second 6 chapters we cover. See details of the ethics assignments handout which will be given to you in the first few weeks. Assignments of chapters will be made by the end of the second week of classes. Each student must turn in two written Ethical Issues assignments that are DUE NO LATER THAN MIDNIGHT on the dates listed on the Assignment Schedule that follows.
EVALUATION: The tests in this course will closely follow the course material, i.e. the textbook, handouts, and class lectures. Preparation for class and regular attendance are important for developing a mastery of the material covered in the course. Since the quizzes are done online and can be submitted anytime from any computer with access to the internet, ONLINE QUIZZES WILL NOT BE ACCEPTED LATE EVEN WITH AN EXCUSED ABSENCE. Ethics assignments submitted more than one week beyond the due date will receive an automatic zero grade. It is the student’s responsibility to make sure that the ethics assignments are submitted on time and will open appropriately in Microsoft Word.
Exam # 1.............................100 Grading Scale:
Exam # 2.............................100 720 pts. = A
Exam # 3.............................100 640 - 719 = B
Exam # 4.............................100 560 - 639 = C
Exam # 5.............................100 480 - 559 = D
Online Quizzes......................100 0 - 479 = F
Ethics Assignments (2, 50 pts. Each) 100
Final Exam ......................... 100
Total Possible Points................800
Examinations may consist of multiple choice, short essay, and/or computational questions. No individual extra credit will be given. Any extra credit will be available to all students. Once final grades have been posted, no adjustments will be made except for correction of an error. DUE TO PRIVACY AND SECURITY ISSUES, NO TEST GRADES, OR COURSE GRADES WILL BE DISCUSSED VIA E-MAIL OR PHONE.
MAKE-UP POLICY: Make-up examinations will be considered only in cases of extreme circumstances where an examination is unavoidably missed. At the discretion of the instructor, an alternative means of evaluation may be used. Without prior arrangements and appropriate documentation, a 10-point penalty will automatically be assessed against all make-up exams. In the case of school sponsored events which generate an excused absence, please make arrangements to take your exam before you leave.
ATTENDANCE Attendance and class participation are very important if a
POLICY: student wishes to receive a good understanding of the material presented. Any student who misses a class is responsible for obtaining notes from a classmate regarding any changes in assignments, exam dates, materials covered in class discussion, handouts, etc. The student is responsible for all material and announcements given in class, whether present or not. Students are expected to be on time. While attendance is not specifically an identifiable part of the grade calculation, absences and late arrivals (or early departures) will be considered when re-evaluating borderline course grades.
CLASSROOM Students are expected to remain in the classroom until dismissed
CONDUCT at the end of the period. Entering and/or leaving the room once the class has begun is very disruptive and should be done only in extreme emergencies. Also, please be courteous and remove all caps and hats while in the classroom. Turn off, or silence all cell phones.
CALCULATORS Students may use a simple calculator if desired. However, programmable devices, and multi-functional devices such as those combined with cell phones and/or data storage/retrieval of alpha-numeric data may not be used in class when work is being done for a grade.
Ethics Assignments
Each of the two Ethics Assignments will be appropriately written papers to be graded based not only on content and format, but on grammar and spelling as well. If your assigned chapter is chapter one, choose one of the two cases; you need not do both. However, if the Ethical Issue has questions and/or requirements, INCORPORATE the answers or solutions into your essay. DO NOT LIST THE QUESTIONS AND/OR JUST GIVE THE ANSWERS.
Your paper should begin with a short, introductory paragraph describing the ethical issue. This paragraph should identify the principle elements of the situation presented in the case, but should NOT be a copy of the issue directly from the book! The second, and subsequent, paragraphs should be your required response to the issue, including your responses to any questions/requirements. This is your interpretation of what is the appropriate method of handling the identified ethical situation. You must support your conclusions (i.e., cite specific theories or principles relied upon to reach the conclusion). This should NOT be a mere listing of points, but a narrative discussion with appropriate support. Finally, your paper should close with a short summary or conclusion. The paper should be all-inclusive. The reader should not have to refer to the book to determine the issues or facts and the solution being discussed.
These are written assignments, and therefore I expect each to be between one and three pages in length, double spaced, and proofread carefully for errors in grammar and spelling. One-half of each ethics paper grade will be based on content, one-half on spelling and grammar. Late papers will automatically have 10 points deducted if not received by the due date. No papers will be accepted for credit more than one week beyond the due date.
Ethics papers must be to me via the digital drop box in Blackboard. Your paper must be in a format that can be opened with Microsoft Word. Be sure to include your name, the chapter number and your course section number on your paper. Your last name and chapter number should be used as the filename of the paper (Smith Ch 6). To send your paper via the digital drop box, go to the drop box; press “send file”; choose the file you want to send; THEN PRESS “SUBMIT” AT THE BOTTOM OF THE SCREEN. If you don’t press “submit”, your file just stays there, and I will never receive it. Once you press “submit”, you will get a message that the file has been submitted. IF YOU DON’T GET THIS MESSAGE, OR IF IT SAYS “YOUR FILE HAS BEEN POSTED” YOUR FILE HAS NOT BEEN SENT.
It is your responsibility to send your assignment in time to arrive on or before the time due, and in a format which will open in Microsoft Word. Assignments are due no later than midnight on the date due; any assignments arriving late, by whatever amount of time, will be penalized 10 points. If your submission will not open in Microsoft Word, it will be considered unsubmitted until one that appropriately opens is received. ASSIGNMENTS IN HARD COPIES, VIA E-MAIL, OR DISK FORM WILL NOT BE ACCEPTED.
ASSIGNMENT SCHEDULE
DATE DISCUSSION YOUR PREPARATION for TODAY’S CLASS
Jan 9 Introduction & Chapter 14 Read Chapter 14
11 Chapter 14 Ex. 1, 3, 5, 7, 10, 14, 15
13 Chapter 14 Pr. 4A
16 Martin Luther King, Jr. Holiday
18 Chapter 15 Lecture Read Chapter 15
20 Chapter 15 Ex. 3, 5, 7, 9, 10, 13, 14
23 Chapter 15 Pr. 5A and review
25 Test # 1 Chapters 14 & 15
27 Chapter 16 Lecture Read Chapter 16
30 Chapter 16 Ex. 1, 2, 4, 5, 7, 8, 9
Feb 1 Chapter 16 Pr. 2A
3 Chapter 17 Lecture Read Chapter 17
6 Chapter 17 Ex. 2, 3, 4
8 Chapter 17 Ex. 6, 8, 10, 13
10 Chapter 17 Pr. 5A, 8A(oper. act. only) and review
13 Test # 2 Chapters 16 & 17
15 Chapter 18 Lecture Read Chapter 18
17 Chapter 18 Ex. 1, 2, 4, 5, 7, 9, 10
20 Presidents’ Day Holiday
22 Chapter 18 Pr. 5A
24 Chapter 19 Lecture Read Chapter 19
27 Chapter 19 Ex. 2, 5, 6 (Ethics Case 1 Due)
29 Chapter 19 Ex. 8, 9, 10, 11
Mar 1 Chapter 19 Pr. 3B (last day to withdraw)
6 SPRING BREAK
8 SPRING BREAK
10 SPRING BREAK
13 Test # 3 Chapters 18 & 19
15 Chapter 20 Lecture Read Chapter 20
17 Chapter 20 Ex. 2, 3, 5, 6, 8, 9, 10
20 Chapter 20 Pr. 6A
22 Chapter 21 Lecture Read Chapter 21
24 Chapter 21 Ex. 2, 3, 4, 6, 8, 9, 10
27 Chapter 21 Pr. 4A and review
29 Test # 4 Chapters 20 & 21
31 Chapter 22 Lecture Read Chapter 22
Apr 3 Chapter 22 Ex. 1, 2, 3
5 Chapter 22 Ex. 4, 6, 7, 9
7 Chapter 22 Pr. 3A
10 Chapter 23 Lecture Read Chapter 23
12 Chapter 23 Ex. 1, 3, 4, 5, 7, 8, 9
14 Chapter 23 Pr. 2A and review
17 Test # 5 Chapters 22 & 23
19 Chapter 24 Lecture Read Chapter 24 (Ethics Case 2 Due)
21 Chapter 24 Ex. 1, 3, 4, 5, 6, 8, 10
24 Chapter 24 Pr. 6A
26 Chapter 25 Lecture Read Chapter 25
28 Chapter 25 Ex. 2, 3, 4, 5, 6, 9, 11 & Pr. 2A
May 2 10:30am – 12:30pm Common Final Exam Room to be announced.
DUE TO PRIVACY AND SECURITY ISSUES, NO TEST GRADES, OR COURSE GRADES WILL BE DISCUSSED VIA E-MAIL OR PHONE.