Accounting II David R. Swarts; Fall Semester, 2008
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Syllabus

Instructor: Mr. Swarts 
Office Number: Room #543
Office Hours: Monday and Friday:  8:00 - 9:00; Tuesday:  2:30 - 4:30; Thursday:  3:30 - 4:30.  Other office hours upon request.
Semester and Year:  Fall, 2008
Contact Hours: Four (4)
Credit Hours: Four (4)
Telephone: (518) 562-4174
E-Mail:  david.swarts@clinton.edu

I. Course Description

Continues the study begun in ACC101 of basic accounting fundamentals and principles.  Introduction of partnership, corporate, and managerial accounting, stocks, bonds, budgets, investments in stocks and bonds, cash flow statement, and financial statement analysis.  Prerequisite:  ACC101.

II. Course Prerequisite

ACC 101, "Principles of Accounting I."

III. Textbook and Other Materials

Accounting; Warren, Reeve, and Duchac. Custom Edition.  

Working Papers Plus, Custom Edition.  No assignments will be accepted unless prepared on these forms.  

This material may come shrinkwrapped as a package.  Once the package is opened, it will not be accepted at the bookstore for a refund.

A small calculator.

"Optional Materials" (Not required to be purchased): 

Study Guide and a spiral-bound notebook for taking notes.

IV. Course Objectives

At the completion of this course, students will be able to:

Demonstrate proficiency in basic computations and understand scientific methodology;

Demonstrate the ability to think analytically and reason logically using current information and past experiences;

Demonstrate an understanding of the connections between theory and practice, and be able to apply classroom learning to situations in life outside the classroom;

Demonstrate competency in the specific accounting objectives presented at the beginning of every chapter, and, specifically:

Discuss the accounting treatment of partnerships and limited liability corporations, including formation, division of net income or net loss, dissolution, and liquidation;

Journalize entries for treasury stock, stock splits, dividends, corporate taxes, fixed asset impairments and restructuring charges, and prepare an income statement including unusual items and earnings per share data, describe comprehensive income and investments in stock, and discuss business combinations;

List and apply financial statement preparation including:  cash flow statements, long-term borrowing, investments, and an analysis for analytical procedures including solvency and profitability;

Describe the differences between managerial and financial accounting, define the three manufacturing costs, describe accounting systems used by manufacturing businesses, prepare journal entries for a job order cost accounting system;

Distinguish between job order costing and process costing systems and classify costs by their behavior, calculate and interpret accounting for completed and partially completed units, prepare a cost of production report, and prepare journal entries for a process manufacturer.  

Describe and prepare the basic budgets for a manufacturing business. 

       General Education Objectives:  N/A

V. Methods of Instruction

The instructor will utilize the following methods of instruction: lecture, student responses to end-of-chapter activities, self-evaluation by students of their assignments, group discussion, accounting DVD's and videos available in the Learning Resource Center, and  assistance with the use of computers.

It is strongly recommended that students visit and use the author's website:  http://warren.swlearning.com.

Differently-abled students: If you have, or suspect you may have, any type of disability or learning problem that may require extra assistance or special accommodations, please speak to your instructor privately after class or during scheduled office hours as soon as possible to help you obtain any assistance you may need to successfully complete this course. You should also contact Laurie Bethka, Room 419M, in the Accommodative Services Office, for further assistance.

VI. Attendance Procedure

Since punctuality and regular attendance is considered of prime importance in the business world, it will also receive the same consideration in the accounting classroom. To insure successful completion of this course, students are expected to arrive for class on time and to remain in class until the end of the class session. 

You will be withdrawn from class after you miss nine (9) classes.  Note:  Two "lates" equal one absence.

Note:  If you miss a class, it is your responsibility to visit your instructor's office, e-mail your instructor or leave a phone message to find out what was covered in class and to find out your assignments for the following class. You also need to state how you will make up the missed work. If no contact is made, late assignments will not be accepted.

VII. Methods of Evaluation

Five (5) tests will be given. No tests may be made up and no tests are dropped. A "zero" will be given on a missed test, unless prior arrangements have been made.  If a test is missed, the score on the next test will be doubled.  Bonus Bars, if applicable, may NOT be doubled on test scores.

Assignments are critical to successfully completing Principles of Accounting II and must be completed on forms from Working Papers Plus.   Assignments are to be prepared in pencil.  Some assignments are to be completed in class but most will be prepared outside class.  Due dates will be given and assignments submitted late will not be counted. Assignments are not to be put in the instructor's mailbox; they will not be accepted.  It is suggested that your prepare assignments while on campus, especially during the summer sessions.

Talk to your instructor about preparing for extra credit a formal, oral report on your attendance at a board meeting; e.g., Clinton Community College Board of Directors Meeting.  Students will also have the opportunity to present other formal and informal reports as agreed upon with the instructor.

A summary of the grading procedure follows:  (Keep a list of your grades in your notebook.)

Tests:              80% 
Assignments:  20% 

Assistance and Incentives:

You can sharpen your skills and improve your grades by visiting the Tutoring Center located on the Fourth Floor of our Main Building.  A computer lab is available, as well as an Online Tutoring Center.  Want to access the library through the Internet?  Access it from home—or anywhere.  For links to these areas, please refer to the college's website at:  www.clinton.edu or talk with your instructor. 

Reward for Good Attendance:

If you have perfect attendance, your final grade will be increased one grade level.

Grading Scale Including Quality Points):

95 - 100   A     4.0
90 - 94     A-    3.7
87 - 89     B+   3.3
83 - 86     B     3.0
80 - 82     B-    2.7
77 - 79     C+   2.3
73 - 76     C     2.0
70 - 72     C-    1.7
65 - 69     D+   1.3
60 - 64     D     1.0
0   - 59     F      0

WY    =    Involuntary Withdrawal  (No Credit; No Quality Points)  

Student Conduct.  Students should read the section of the college catalog entitled "Code of Student Conduct," as well as other documents, policies, and the student handbook.  Students are reminded that they should not disrupt or obstruct teaching and learning.

Academic Integrity. All students are expected to behave with academic honesty. It is not academically honest to misrepresent another person's work as your own, to take credit for someone else's words or ideas, to accept help on a test or assignment when you are expected to work independently, to obtain advanced information on confidential test materials, or to act in a way that might harm another student's chance for academic success. Please check the college catalog for more information.

Please turn off cell phones during class.

VIII. Course Outline

Chapter and Title:

12     Accounting for Partnerships and Limited Liability Companies          

13     Corporations:  Organization, Stock Transactions, and Dividends                    

TEST #1

14     Income Taxes, Unusual Income Items, and Investments in Stocks

15     Bonds Payable and Investments in Bonds

TEST #2

16     Statement of Cash Flows

17     Financial Statement 

TEST #3

18     Managerial Accounting Concepts and Principles

19     Job Order Costing

TEST #4

20     Process Cost Systems

22     Budgeting

TEST #5

Note: Course content may be modified somewhat.

ASSIGNMENTS

(Subject to Periodic Changes)

Ten Graded Assignments and Five (5) Tests in Bold

*NOTE THE CHANGE IN TIMES!  (Same classroom)

This page last modified on 08/08/2008.

For more information about this site, please contact David R. Swarts.