for Siddharth Agarwal

jc521

acc_291_syllabus_class_5-_poore.docx

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Course Design Guide

ACC/291 Version 2

Course Syllabus

School of Business

ACC/291 Version 2

Principles of Accounting II

Course Description

This course introduces accounting concepts in a business environment. Students learn to create and apply accounting documents in making better business decisions. Other topics include plant assets, liabilities, accounting for corporations, investments, statements of cash flows, financial statement analysis, time value of money, payroll accounting, and other significant liabilities.

Policies

Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:

University policies: You must be logged into the student website to view this document.

Instructor policies: This document is posted in the Course Materials forum.

University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.

Course Materials

Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2010). Financial accounting (7th ed.). Hoboken, NJ: John Wiley & Sons.

All electronic materials are available on the student website.

*Week One: Principle Assets – 4 points total*
	*Details*	*Due*	*Points*
Objectives	1.1 Prepare journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods. 1.2 Distinguish between tangible and intangible assets. 1.3 Identify the entries associated with acquisition, disposal, and sales of plant assets. 1.4 Distinguish between revenue and capital expenditures, and the entries associated with each.
Reading	Read Ch. 8 of Financial Accounting.
Reading	Read Ch. 9 of Financial Accounting.
Reading	Read this week’s Electronic Reserve Readings.
Participation	Participate in class discussion.	12/17/13	4

*Week Two: Liabilities – 23 points total*
	*Details*	*Due*	*Points*
Objectives	2 2.1 Differentiate among accounts payable, notes payable, and accrued expenses. 2.2 Prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts. 2.3 Calculate depreciation and amortization expense using various methods.
Reading	Read Ch. 10 of Financial Accounting.
Reading	Review Ch. 9 of Financial Accounting.
Learning Team Effect of Unethical Behavior Article Analysis	Write a 500 to 1000-word research article analysis in which you identify situations that might lead to unethical practices and behavior in accounting. Examine the effect of the Sarbanes-Oxley Act of 2002 on financial statements. Prepare your essay with the thought of what Government mandates do to either help or hurt Accounting Rules. Also, touch on whether SOX is in force today and how accounting firms may be getting around it. (we covered some of this in 290 week 5 of 290 – internal controls) Cite one article from the Electronic Reserve Readings, the Internet, or other resources. Do NOT be afraid to use the Library and Accounting Journals for information! Please make sure citations are done correctly as Professor Poore WILL read the articles as well as run a plagiarism checker!!! Format your paper consistent with APA guidelines.	1/7/14	10
Participation	Participate in class discussion.	1/7/13	4
Individual WileyPLUS Assignment Week Two	Resource: WileyPLUS Complete the following WileyPLUS Week Two Exercises and Problem: Exercise E8-3 Exercise BE9-13 Exercise Do It! 9-4 Exercise E9-9 Exercise E9-10 Problem P9-5A	1/7/13	9

*Week Three: Equity and Investments – 14 points total*
	*Details*	*Due*	*Points*
Objectives	3 3.1 Differentiate types of stocks issued by corporations. 3.2 Calculate stocks, dividends, and stock splits. 3.3 Record treasury stock transactions.
Reading	Read Ch. 11 of Financial Accounting.
Reading	Read Ch. 12 of Financial Accounting.
Reading	Read this week’s Electronic Reserve Readings.
Participation	Participate in class discussion.	1/14/14	4
Learning Team Instructions Ratio Analysis Memo (Preparation)	Begin working on the Ratio Analysis Memo, due in Week Five. Review the assignment description located in Week Five. Click the Virtual Organization link on the student website to access the Virtual Organizations. Select one of the Virtual Organizations as the basis for the assignment. Obtain faculty approval of your selected organization before beginning the assignment. Review each of the organizations to prepare for your Virtual Organization selection, which is used as the basis for the assignment. Ensure the Virtual Organization selected contains a balance sheet and an income statement for your assignment. The sheets can be found on the intranet site of most Virtual Organizations.
Individual WileyPLUS Week Three Practice	Resource: WileyPLUS Complete the WileyPLUS Week Three Practice. Submit a screenshot of at least two completed practice problems to receive full completion points for this assignment.	1/14/14	2
Individual WileyPLUS Week Three Assignment	Resource: WileyPLUS Complete the following WileyPLUS Week Three Exercises and Problems: Exercise E9-7 Exercise E10-5 Exercise E10-10 Exercise E10-11 Exercise E10-15 Exercise E10-18 Problem P10-5A Problem P10-9A	1/14/14	8

*Week Four: Financial Statement Analysis - 15 points total*
	*Details*	*Due*	*Points*
Objectives	4 4.1 Prepare a statement of cash flows using both direct and indirect methods. 4.2 Apply ratio, vertical, and horizontal analyses to financial statements. 4.3 Prepare journal entries associated with the issuance of preferred and common stocks and the declaration and payment of dividends.
Reading	Read Ch. 13 of Financial Accounting.
Reading	Read Ch. 14 of Financial Accounting.
Reading	Read this week’s Electronic Reserve Readings.
Participation	Participate in class discussion.	1/21/14	4
Learning Team Instructions Ratio Analysis Memo (Preparation)	Continue working on the Ratio Analysis Memo assignment, due in Week Five.
Individual WileyPLUS Week Four Assignment	Resource: WileyPLUS Complete the following WileyPLUS Week Four Exercises and Problems: Exercise Do It! 11-1 Exercise E11-15 Exercise E11-16 Problem P11-6A Problem P11-8A	1/21/14	5
Individual WileyPLUS Week Five Assignment	Resource: WileyPLUS Complete the following Week Five WileyPLUS Exercises and Problems: Exercise E13-1 Exercise E13-8 Exercise E14-1 Problem P13-9A Problem P13-10A Problem P14-2A	1/21/14	6

*Week Five: Ethics – 44 points total*
	*Details*	*Due*	*Points*
Objectives	5 5.1 Identify situations that might lead to unethical accounting practices. 5.2 Examine the effects of unethical behavior and the Sarbanes-Oxley Act on financial statements.
Reading	Read this week’s Electronic Reserve Readings.
Participation	Participate in class discussion.	1/27/14	4
Individual Final Examination	Click the link to the Final Examination on the student website, which is available from the end of Week Four through the end of Week Five. Complete the Final Examination. You are allowed one attempt to complete the exam, which is timed and must be completed in 3 hours. Results are auto-graded and sent to your facilitator.	1/27/14	15
Learning Team Ratio Analysis Memo	Resource: Virtual Organizations Click the Virtual Organization link on the student website to access the Virtual Organizations. Select one of the Virtual Organizations as the basis for the assignment. Obtain faculty approval of your selected organization before beginning the assignment. Access the information contained in your selected organization’s balance sheet and income statement to calculate the following: Liquidity ratios Current ratio Acid-test, or quick, ratio Receivables turnover Inventory turnover Profitability ratios Asset turnover Profit margin Return on assets Return on common stockholders’ equity Solvency ratios Debt to total assets Times interest earned Show your calculations for each ratio. Create a horizontal and vertical analysis for the balance sheet and the income statement. Present to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis. In your presentation, address the following questions: What do the liquidity, profitability, and solvency ratios reveal about the company’s financial position? Which users may be interested in each type of ratio? What does the collected data reveal about the company’s performance and position? You will want to make predictions of the future of the company based on the financial ratios you created, how the financial statements read, and the overall economic environment of this company with relationship to its potential competitors, as well as macro economic events. Independent Thought and Critical thinking will be required to provide items not necessarily listed here, as they may be pertinent to the CEO to help make decisions for Management. Perhaps there is too much debt, too many assets, sold too much stock – etc. Be creative and LOOK. Professor Poore is the CEO – and will be asking questions. 20 Points will be attributable to the actual Presentation 5 Points to the Questions Professor Poore CEO asks and whether they are answered correctly and with supportive information	1/27/14	25

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