Macomb Community College Principles of Accounting II ACCT-1090 V0851 On-line Syllabus Summer 2011 Course Title: Meeting Times:

Building and room number: Professor: E-mail: Office Phone: Office: Mailbox: Office Hours:

Grade Conversion:

ACCT 1090 On-Line Virtual Ms. Melissa Force, ABD Please use Angel e-mail 1st forcem@macomb.edu 2nd Send an e-mail first 586-419-7266 Home (Voice-mail) M-F 9-5. Virtual A Building - Business Department By Appointment Accounting Chapters 14-23 by Horngren, Harrison, Oliver 8th ed. Prentice Hall ISBN-13: 978-0-13-607301-7 (Required) MyAccountingLab (MAL) Accounting Study Guide Horngren, Harrison, Oliver 8thed. (Optional) A basic calculator non-programmable and non-scientific Be sure to utilize the text website url www.pearsonhighered.com Course dates: 06/20/11 to 08/13/11 Last Add 06/21/11 Last Refund 06/26/11 Last Withdraw 07/30/11
% 40% 50% 5% 5% 100% Grading Scale Percentage Letter Grade A 92 100 A90 91.9 B+ 88 89.9 B BC+ C CD+ D DE 82 87.9 80 81.9 78 79.9 72 77.9 70 71.9 68 69.9 62 67.9 60 61.9 less than 60

Grade Determination Assessment 12 Examinations Text Homework (Exercises & Problems) Virtual Classroom (VC) Discussion Questions, Journal, and homework lab Participation (Determined by your instructor) Total Please note that you must follow the percentages that are posted. The grade book in Angel does *not* reflect these percentages Only the raw scores received.

Note: It is each students responsibility to read, know, understand, and comply with the contents of this entire syllabus.
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Principles of Accounting II ACCT-1090 Schedule Week Begins Monday, All assignments are due by 11:59 pm Friday, Examinations are due by 11:59 pm Sunday.
CLASS Mon Fri Sun Lecture Topic, Assignment and Assessment

6/20

6/24

6/26

2 3 4

6/27 7/04 7/11

7/01 7/08 7/15

7/03 7/10 7/17

7/18

7/22

7/24

6 7 8

7/25 8/01 8/08

7/29 8/05 8/12

7/31 8/07 8/14

Introduction Study Chapter 13 & Appendix 13A (pg. 721): S13-2 Direct Method (pg. 736-738) P13A-14A, P13A-18B & P13A19B. Indirect Method (pg. 710-716) P13-22A, P13-25A & P1329B. Study Chapter 14: P14-23A, 14-24A, 14-30A, 14-25A. Study Chapter 15: S15-1, S15-4, P15-23A, P15-24A, P15-25A & P15-27A. Study Chapter 16: & Appendix 16A (pg. 877): S16-1, S16-2 Job Costing (pg. 864-867) P16-24A, P16-25A, P16-28A. Process Costing (pg. 895-897) P16-12A, P16-13A, P1614A. Study Chapter 17: P17-26A, P17-27A, P17-28A. Study Chapter 18 & Appendix 18A (pg. 986): P18-24A, P18-25A, P18-27A (pg. 979-981). P18A-4A, P18A-5A (pg. 990). Study Chapter 19: S19-1, P19-23A, P19-26A, P19-27A, P19-28A. Study Chapter 20: S20-2, P20-27A, P20-28A, P20-29A. Study Chapter 21: S21-2, P21-20A, P21-21A, P21-23A. Study Chapter 22: S22-1, P22-25A, P22-28A, P22-29A. Study Chapter 23: S23-7, P23-20A, P23-21A

ACCT1090: How do I compute my final grade? Points received / points possible = result x percentage = percentage for that assessment. Your total of 11 Examinations / 300 = result x .40 = result Total text homework points received / points possible = result x .50 = result Virtual Classroom (VC) DQ, Journal, & HW Lab = result x .05 = result Participation determined by me /5 = result x .05 = result Add total results from all four categories and it will equal the = Course Percentage Apply your calculated course percentage to the following scale: Letter Grade Percentage Letter Grade Percentage A 92 100 C 72 77.9 A90 91.9 C70 71.9 B+ 88 89.9 D+ 68 69.9 B 82 87.9 D 62 67.9 B80 81.9 D60 61.9 C+ 78 79.9 E less than 60 Please note that I cannot communicate final grades via, e-mail, phone, or fax. You will receive your final grade through WebAdvisor. I have every intention to complete your final grades asap.

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3 Course Policies: Examinations There will be 11 examinations. The exam period is from 12:01 a.m. Monday thru 11:59 p.m. Sunday. Once you access the exam you must complete it in one sitting and you must complete it within 1 hours. "From the time you first open the exam to the submission time". The assessment examination format will consist of multiple-choice, both theory & practice, true/false, practice problems and short essay. You will be assessed on the information given for the week as well as a cumulative knowledge of all material covered. You are given 2 (two) attempts on each exam. I will take the higher of the two scores for your grade determination. It will take me at least 1 week to delete the lower of the two scores so the score you view may reflect the lower score until I complete this process. Since you are given an entire week to complete the examinations a make-up exam would be administered only when unusual or emergency situations arise. This would include hospitalization, death in the family, or other emergencies. Documentation of your absence must be provided to your instructor. Most instructors accept an obituary or a funeral/memorial service program as documentation of a death in the family. Notification should be made to your instructor as soon as possible and make-up examinations must be completed within one week of the missed exam. If you are late in accessing an examination the system or exam will be unavailable after the due date. *No late assignments will be accepted. If you submit your work after the due date you will receive a zero for that assignment. Text work "Exercises & Problems": At the end of each chapter (in the text) there are multiple choice, short exercises, exercises & problems. I expect your completion of the assignments demonstrate an understanding of the text and lecture material presented. Answers should clearly identify which question is being addressed. Save yourself some time and *do not* re-write the question. Simply type your answers in the assignment white box for grading purposes. *Please submit your assignments only once per week. In other words, place all problems in 1 file, whether it is Word or excel or a scanned copy of your written work.* You must complete the assignments and submit it them by the due date. Please refer to page 2 of the syllabus for the required problems to be submitted. I grade on attempt *not* correctness. Discussion Area: 1. Virtual Classroom (VC) Discussion Questions Two questions will be posted each week. You must; A. Respond to your assigned question. B. Reply to another student within the discussion questions. Discussion Board Participation: You are expected to contribute meaningful responses. Your responses can be in the form of comments, but simply stating "nice job" does not count as meaningful. Adding further questions for discussion, or references to materials relating to the current topics would be a better response. Your responses may also be made to the journal entries that other members of the class have uploaded. *This last item is very important because your experiences are unique. By sharing them with other members of the class we all gain from experiences that we might never have learned. This must be complete the due date. *Please do not attach files simply reply to each other by starting a new thread. 2. Virtual Classroom (VC) Journal A. You are required to prepare a journal throughout this course. You will send it to the appropriate Discussion Board by the due dates. Journal entries for each week should relate to how the concepts of the course relate to a past or present workplace you have experienced. You may also comment on articles you have read, or experiences you wish to share that pertain to the current week's topic. Comment on your experience(s) with the topics covered during each week. You must demonstrate that you have thought through the issues and can propose solutions, or have developed insights, in keeping with the discussions in the class. This must be complete the due date. B. Reply to another student within the journal area. *Please do not attach files simply reply to each other by starting a new thread.

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4 3. Virtual Homework Lab There is also an area called, Virtual Homework Lab. You are permitted to post questions on any of the required text work and reply to each other. I highly encourage you to engage in this area not only do we learn from our mistakes but also learn by having to explain to someone else how to do something. Contributions in this area will not be graded; instead I will consider your involvement in this area as part of your participation. I do *not* respond to questions here you must e-mail me for questions. 4. Solutions and Grading Since your homework is due by 11:59 p.m. on Fridays, solutions are typically posted on Saturday morning so you can review your work alongside the correct solution prior to taking the examination on that chapter. It will take me at least 1 week to grade all of your submitted work. I make an announcement and mark the folder graded when I have completed this process. Course Policies: Statement Regarding Academic Discipline & Honesty and Attendance: Be aware of the guidelines relating to academic discipline, academic honesty and attendance as described in Macomb Community College catalog. Appropriate disciplinary action includes the issuance of a failing grade and/or dismissal from the College. Academic misconduct includes (but is not limited to) cheating, unauthorized collusion, violation of Library or other school policies, plagiarism, unauthorized copying and removal of computer software from the Library/Computer Lab, or any other unethical behavior. Plagiarism & Cheating: Cheating will not be tolerated. A student that is caught cheating will fail the course. Plagiarism and cheating will not be tolerated. Any student found guilty of either will automatically receive a failing grade! Statement Regarding Professional Conduct: Student communications to and with the professor shall at all times be conducted in a professional and courteous manner. This statement also includes all e-mail. E-mail is considered a form of professional communication. It is essential that each student treat fellow students and the instructor with respect and courtesy. Rudeness, chronic tardiness, unproductive discussions and other disruptions of the class will be cause for immediate removal from the classroom. Withdraw: Students who officially withdraw during the first 3/4 of the semester shall receive a "W" grade. Students may not officially withdraw during the last 1/4 of the semester, but will be given their earned grade. Incomplete Policy: An "I" grade is given only when a small portion of the course work is required to be completed. Student must have attended the first seven weeks of the semester. If the work is not completed by the end of the following semester, class grade will be computed with the incomplete course work as 0%. This must be discussed with the professor. An incomplete will be given in extremely rare circumstances. Class Format: It is essential that (you) the student keep up-to-date on the reading and the homework. In addition, regular on-line attendance is an important factor for the successful completion of this course. You are responsible for all sections of each chapter unless specifically omitted by me. This includes a basic knowledge of all definitions and terms introduced in the text. Working together in small groups to practice homework problems is highly encouraged. (This does not include assessment exams.)

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STUDENT ACADEMIC COURSE OUTCOMES: Outcome 1: Upon completion of this course, students will be able to identify accounting theory at an introductory level. Outcome 2: Upon completion of this course, students will be able to apply accounting techniques at an introductory level. OUTLINE OF MAJOR EDUCATIONAL OBJECTIVES BY CHAPTER: At the end of this course, the student should know/be able to: Chapter 13: The Statement of Cash Flows 1. Identify the purposes of the statement of cash flows 2. Distinguish among, operating, investing, and financial cash flows 3. Prepare a statement of cash flows by the indirect method 4. Prepare a statement of cash flows by the direct method Chapter 14: Financial Statement Analysis 1. Perform horizontal analysis of financial statements 2. Perform vertical analysis of financial statements 3. Prepare and use common-size financial statements 4. Compute the standard financial ratios Chapter 15: Introduction to Management Accounting 1. Distinguish financial accounting from management accounting 2. Describe service, merchandising, and manufacturing companies, and classify their costs 3. Prepare the financial statements of a manufacturing, merchandising, and service company 4. Use reasonable standards to make ethical judgments Chapter 16: Job Order & Process Costing 1. Distinguish between job order and process costing 2. Record journal entries for both systems 3. Record the adjustment for under or over allocated overhead for job order 4. Compute equivalent units, unit costs, and assign costs to units for process costing Chapter 17: Activity-Based Costing and Other Cost Management Tools 1. Develop activity-based costs (ABC) 2. Use activity-based management (ABM) to achieve target costs 3. Describe a just-in-time (JIT) production system, and record its transactions 4. Use the four types of quality costs to make decisions Chapter 18: Cost-Volume-Profit-Analysis 1. Identify how changes in volume affect costs 2. Use CVP analysis to compute breakeven points 3. Use CVP analysis for profit planning 4. Calculate breakeven for multiple product lines 5. Prepare an Income Statement using both absorption and variable costing Chapter 19: Short-Term Business Decisions 1. Identify the relevant information for a special business decision 2. Make special order and pricing decisions 3. Make dropping a product and product-mix decisions 4. Make outsourcing and sell as is or process further decisions Chapter 20: Capital Investment Decisions & the Time Value of Money 1. Describe the importance of capital investments and the capital budgeting process. 2. Use payback, accounting rate of return, and discounted cash flow to make capital investment decisions 3. Use the time value of money to compute present and future values
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Chapter 21: The Master Budget and Responsibility Accounting 1. Learn how to use budgets 2. Prepare an operating budget 3. Prepare a financial budget 4. Prepare performance reports for responsibility centers Chapter 22: Flexible Budgets and Standard Costs 1. Prepare a flexible budget for the income statement 2. Prepare an income statement performance report 3. Identify the benefits of standards costs and learn how to set standards 4. Compute standard cost variances for direct materials and direct labor 5. Analyze manufacturing overhead at a standard cost and prepare a standard cost income statement 6. Record transactions at a standard cost and prepare a standard cost income statement Chapter 23: Performance Evaluation & the Balanced Scoreboard 1. Explain why companies decentralize and use performance evaluation systems 2. Use performance reports to evaluate costs, revenues, and profit centers 3. Use, ROI, RI, and EVA to evaluate investment centers

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