Dear Accounting Student:
Welcome to the Principles of Accounting Television course. This course is designed to present clear, concise lectures on topics in accounting. The television presentations, coupled with your text, working papers plus, and web site, provide you with the tools needed to master the course.
My purpose as the instructor for the course is to help you better grasp the concepts presented and to clarify areas of concern.
To assure success in this course please read and follow the steps outlined in the attached syllabus. The syllabus is step one in identifying future steps to becoming successful in the course.
Remember, if you have questions regarding my materials or the authors, dont hesitate to call or e-mail. On your first assignment, please send me your e-mail address.
Patricia H. Holmes, CPA
Accounting Instructor
(515) 964-6349
COURSE SYLLABUS
For
PRINCIPLES OF ACCOUNTING II
Telecourse
As offered by the
Des Moines Area Community College
Summer 2000
Channel 38/98
Tuesday and Thursday
9:30am 10:30am
June 13 July 25 NO REPEATS
Instructor: Patricia H. Holmes, CPA
Accounting Instructor
PRINCIPLES OF ACCOUNTING
SYLLABUS FOR SUMMER 2000
PREREQUISITES(S):
Principles of Accounting I
COURSE DESCRIPTION:
A continuation of Principles of Accounting I. Introduces accounting procedures related to corporations, manufacturing, and branch operations. The course also includes an introduction to capital budgeting, analysis of financial statements and decision making by managers.
COURSE MATERIALS:
Text: Accounting; Waren, Reeve, Fess, Southwestern, 19th edition
Study Guide: Working Papers Plus II
Page 2
Text. This is the main source of the course content on which you will be tested. Each week you will read two chapters and complete the assignments and mail the assignment to me.
Televised lessons. Channel 38 or 98, AT&T Cable Services, Des Moines viewing area, will broadcast the programs. The 24 telelessons have been designed to illustrate and to enrich the statements of the text. The text presents the same ideas in a different format. The combination of the two provided you with two ways of reinforcing the same concept.
The telelessions are broadcast on Channel 38 or 98, AT&T, on Tuesday and Thursday from 9:30 AM 10:30 AM. The programs will not be repeated. A calendar listing of broadcast dates and times is enclosed. If you do miss a telelesson, it is possible to view the videotape of the telelesson at the campus libraries on the Ankeny, Urban, Boone, and Carroll Campuses or view the tapes at the Public Library in Newton. If you have a VCR, you may find it helpful to record it and listen/watch it at a later date for review or reinforcement.
Assignments. The schedule of assignments appears following the syllabus. Each week, you will mail back the assignments completed to me. Deadlines for completion appear on the schedule sheet. You will receive credit for the assignments completed. The assignments are from the exercises and problems found at the end of each chapter. The assignments are comparable to those expected from students enrolled in the on campus Acct 102 class. Please feel free to contact me if you are having problems. You should use the forms in the Working Paper Plus when submitting the answers. After evaluating the assignments, we will mail them back to you in a timely manner.
Mail the completed assignments to:
Patricia Holmes
Des Moines Area Community College
2006 S. Ankeny Blvd.
Ankeny, IA 50023
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Help is Available. To help you succeed here are additional procedures you can follow:
Evaluation. You will be evaluated on completed assignments valued at 10 points each and exams. Throughout the course there will be three (3) exams. Each exam will have a value of 100 points. The exams will be over the materials presented in the text, study guide, and telelessons. The questions will be in the form of multiple-choice and problems.
All exams will be given on the Ankeny Campus. For each exam you will need to bring your calculator and at least two (2) No. 2 pencils.
If for some reason, you cannot come to the Ankeny Campus to take the exam, please contact me to make other acceptable arrangements. However, if at all possible, it would be best to take the exams on the Ankeny Campus.
Page 4
Schedule of Exams: See Attached
GRADING
Your grade in the course will be determined by the following method:
3 Exams x 100 = 300
9 of the 12
assignments x 10 = 90
TOTAL 390
93%-100% A 70%-74% C
90%-92% A- 65%-69% C-
87%-89% B+ 61%-64% D+
83%-86% B 58%-60% D
80%-82% B- 55%-57% D-
75%-79% C+ 54% or less F
ADDITIONAL COMMENTS
I hope your experience with televised accounting will be a rewarding and meaningful one. This course is designed to help insure your success in reaching your goals. It you will follow the schedule, do the assignments, and attend the review seminar, you should have every chance of successful completion.
Instructor Patricia H. Holmes
Office Ankeny, Bldg. 8, Room 6
Telephone 964-6349
Required Materials:
Text Accounting, Warren, Reeve, Fess, 19th Edition.
Working Papers Plus - Published with the text
Schedule of Assignments
The schedule of assignments represents a minimum level of preparation for this course. Please make every effort to complete the assigned work and submit to me by the due dates. The assigned work is found at the end of each chapter in the text. The "E" stands for exercises, and the "P" stands for problems. The assigned problems are the "A" series, not the "B" series.
|
Chapter Topic |
Assigned Work |
|
E 13-2, 3, 5, 6, 11, 16, 17, P 13-4A |
|
14.Bonds Payable and Investments in Bonds |
E 14-5, 6, 10, 12, 13, 17, P 14-1A, 2A |
|
15.Statement of Cash Flows |
E 15-2, 3, 5, 11, 13, P 15-2A |
|
16.Financial Statement Analysis |
E16-2, 5, 4, 6, 8, 9, 11, 12, 15, P 16-4A |
|
Examination #1 over Chapters 13-16 |
|
|
17.Introduction Cost Systems to Managerial Accounting and Job Order |
E 17-1, 3, 4, 10, 12, 16, P 17-1A, 2A |
|
18. Process Cost Systems |
E 18-2, 3, 4, 7, 11 P 18-1A, 3A |
|
19. Cost Behavior and Cost-Volume-Profit Analysis |
E19-1, 4, 8, 10, 13, 16 P19-2A |
20. Budgeting |
E 20-2, 5, 7, 9, 10, 12, 13 P 20-4A |
|
Examination #2 over Chapters 17-20 |
|
|
21. Performance Evaluation Using Variances from Standard Costs |
E 21-2, 4, 5, 6, 9 |
|
22. Performance Evaluation for Decentralized Operations |
E 22-1, 5, 9, 10, 12 P 22-2A |
|
23 Differential Analysis and Product Pricing |
E23-1, 2, 5, 6, 9, 11, 14, 17 P 23-1A |
|
24 Capital Investment Analysis |
E 24-2, 4, 6, 7, 8, 9, 13 P 24-1A |
|
Examination #3 over Chapters 21-24 |
Web Link
For Accounting by Warren
This is an outstanding web link designed for your text. It will provide you with additional learning tools to succeed in this course.
Please take a few minutes to review the benefits of this internet link.
Address:
http://www.swcollege.com/vircomm/warren/warren.htmlInstructions:
Click on cover, Accounting 19th Ed.
Click on Resource Source
Click on Chapter 13.
This gives you links to the Power Point Slide Presentation seen on your video.
It also provides answers for the chapters Frequently Asked Question.
Additionally it provides you with material in the form of articles not contained in the text.
Try one or all and return to home page.
For every chapter the End-of-Chapter Activities provides you with many reinforcement tools.
Demo Problem
This problem is the same as in the text.Internet Activity
- This is not required, but is a great source for more information.Online Tutorial
Credit Game
- This is similar to Jeopardy. Once you have formed your question, just click on the item and it will give you the answer in the upper left hand corner.We are pleased that this new text comes with so many new working tools. We hope you will enjoy it.
Summer, 2000
Assignments for Principles of Accounting Telecourse
Attached is a list of assignments to be submitted to your instructor on the dates indicated. If you are having any difficulty with any of the assignment materials please let us know so that we may make suggestions to assist you. Due to the varying mature of the topics covered, some assignments will require more completion time. We suggest that you carefully read your text chapter and review the assignment material prior to viewing the telecourse presentation. Please note: All assignments must be postmarked by due date to receive credit.
|
Telecourse Lesson |
Telecourse Date |
Assignment |
Assignment Due Date |
|
1 |
6/13 |
Chapter 13 |
6/16 |
|
2 |
6/13 |
|
|
|
3 |
6/15 |
Chapter 14 |
6/19 |
|
4 |
6/15 |
|
|
|
5 |
6/20 |
Chapter 15 |
6/23 |
|
6 |
6/20 |
|
|
|
7 |
6/22 |
Chapter 16 |
6/26 |
|
8 |
6/22 |
|
|
|
9 |
6/27 |
Chapter 17 |
6/30 |
|
10 |
6/27 |
|
|
|
11 |
6/29 |
Chapter 18 |
7/3 |
|
12 |
6/29 |
|
|
|
13 |
7/6 |
Chapter 19 |
7/10 |
|
14 |
7/6 |
|
|
|
15 |
7/11 |
Chapter 20 |
7/14 |
|
16 |
7/11 |
|
|
|
17 |
7/13 |
Chapter 21 |
7/17 |
|
18 |
7/13 |
|
|
|
19 |
7/18 |
Chapter 22 |
7/21 |
|
20 |
7/18 |
|
|
|
21 |
7/20 |
Chapter 23 |
7/24 |
|
22 |
7/20 |
|
|
|
23 |
7/25 |
Chapter 24 |
7/28 |
|
24 |
7/25 |
|
|
Examination Schedule:
|
Exam # |
Telecourse Lessons |
Chapters |
Review Dates 7-9PM Bldg 8 R 10 |
Exams Dates Reviews Exam 7-9 pm Bldg 8 R 10 |
|
Exam I |
1-8 |
13-14-15-16 |
6/26 |
7/03 |
|
Exam II |
9-16 |
17-18-19-20 |
7/10 |
7/17 |
|
Exam III |
17-24 |
21-22-23-24 |
7/31 |
8/7 |
Des Moines Area
Community College
COURSE INFORMATION
Acronym/Number ACCT 102
Title PRINCIPLES OF ACCOUNTING II
Credit breakout 4 4 0 0 0
(credit lecture lab practicum work experience)
PREREQUISITES(S):
Principles of Accounting I
COURSE DESCRIPTION:
A continuation of Principles of Accounting I. Introduces accounting procedures related to corporations, manufacturing, and branch operations. The course also includes an introduction to capital budgeting, analysis of financial statements and decision making by managers.
COURSE COMPETENCIES:
During this course, the student will be expected to:
1. Interpret terminology used in preparing the stockholder's equity section of the balance sheet.
1.1 Identify the different sources of paid-in capital.
1.2 Describe how the different sources are presented in a balance sheet.
1.3 Prepare journal entries for:
1.3.1 Cash dividend.
1.3.2 Large stock dividend.
1.3.3 Small stock dividend.
1.3.4 Retained earnings appropriations.
1.3.5 Acquisition of treasury stock.
1.3.6 Reissuance of treasury stock.
1.4 Define extraordinary items and prior period adjustments.
1.5 Explain proper presentation of extraordinary items in financial statements.
1.6 Explain prior period adjustments presentation in financial statements.
1.7 Calculate book value per share.
1.8 Calculate earnings per share.
1.9 Explain how to report discontinued operation.
1.10 Explain how to report extraordinary items.
1.11 Explain cumulative effect of changes in accounting principle.
2. Assess impact of borrowing on a long-term basis for financing a corporation.
2.1 Describe features of bonds.
2.2 List advantages and disadvantages of financing with long-term debt.
2.3 Explain how interest rates affect bond prices.
2.4 Explain why bonds sell at premium or a discount.
2.5 Calculate the sales price of a bond to yield a given rate.
2.6 Explain features of a mortgage note.
2.7 Demonstrate journal entries to:
2.7.1 Accrue bond interest.
2.7.2 Issue bonds between interest dates.
2.8 Demonstrate journal entries for:
2.8.1 Conversion of bonds to common stock.
2.8.2 Bond sinking fund.
3. Differentiate between investments in stocks and bonds.
3.1 Define short-term investments.
3.2 Explain why types of securities are classified as short-term investments.
3.3 Distinguish between the cost and equity methods of accounting for stock investments.
3.3.1 Demonstrate journal entries for cost method.
3.3.2 Demonstrate journal entries for equity method.
3.4 Prepare journal entries for long-term investments in bonds purchased at a premium and at a discount.
4. Develop a statement of cash flows.
4.1 Explain the purpose of the statement of cash flows.
4.2 Classify cash receipts and cash payments as operating, investing or financing activities in the statement of cash flows.
4.3 Analyze accounting transactions to determine affects on cash flows.
4.4 Compute the amount of net cash provided by operating activities using the indirect method.
4.5 Compute the amount of net cash provided by operating activating using the direct method.
4.6 Explain steps used to prepare a statement of cash flows.
4.7 Prepare a statement of cash flows.
5. Assess application of financial statement analysis in determination of solvency and profitability.
5.1 Describe the process of financial statement analysis.
5.2 Identify sources of information for financial statement analysis.
5.3 Prepare a vertical analysis of financial statements.
5.4 Prepare a horizontal analysis of financial statements.
5.5 Calculate ratios used to evaluate short-term liquidity, long-term solvency, profitability, and market performance.
5.6 Identify limitations of financial statement analysis.
5.7 Explain what each ratio seeks to show or measure.
6. Appraise alternative methods of combining businesses.
6.1 Describe the nature of parent and subsidiary corporations.
6.2 Prepare consolidated financial statement through the use of a consolidated statement worksheet.
6.3 Identify the differences between purchase method and posting of interest method.
6.4 Describe the uses and limitations of consolidated financial statements.
7. Compare managerial accounting with financial accounting.
7.1 List the three basic components of manufacturing costs incurred to produce a product.
7.2 Describe the difference between product costs and period costs.
7.3 Prepare a cost of goods manufactured schedule.
7.4 Prepare journal entries to account for production activities of a manufacturer under both periodic and perpetual procedures.
8. Distinguish between the two major types of cost accumulation systems employed by manufacturing companies.
8.1 Describe documents used to accumulate product costs in a job order system and a process cost system.
8.2 Explain the purpose of a cost accounting system.
8.3 Compute a predetermined overhead application rate.
8.4 Explain how the predetermined overhead rate is used to assign overhead to production.
8.5 Describe the concepts of underapplied and overapplied manufacturing overhead.
8.6 Prepare a production cost report.
9. Explain process cost accounting and joint costs.
9.1 Describe a process cost accounting system.
9.2 Define equivalent units of production.
9.3 Compute equivalent units of productions for materials, labor and manufacturing overhead.
9.4 Identify steps required to determine unit costs in a cost center.
9.5 Define joint product costs.
9.6 Illustrate allocation of joint production costs -- to two or more products.
10. Explain the use of analysis of cost-volume-profit relationships in planning operations.
10.1 Differentiate between fixed and variable costs.
10.2 Define contribution margin.
10.3 Calculate contribution margin.
10.4 Demonstrate use of cost-volume-profit modes in planning.
10.5 Develop a budget schedule.
10.6 Develop a cash forecast.
10.7 Calculate the break-even point.
10.8 List assumptions underlying cost-volume-profit analysis.
11. Assess the tools and techniques used to analyze and interpret the difference between expected and actual performance.
11.1 Discuss the concept of a standard cost system.
11.2 Describe how to develop standards.
11.3 Analyze variances of actual cost and standard costs.
11.4 Calculate:
11.4.1 Material variances.
11.4.2 Labor variances.
11.4.3 Overhead variances.
12. Explain the concept of responsibility accounting.
12.1 Describe variable costing.
12.2 Prepare an income statement using variable costing.
12.3 Identify the cause of differences between income determine using variable and absorption costing.
12.4 List benefits of variable costing.
12.5 Define responsibility accounting.
12.6 Prepare a segment performance report.
12.7 Calculate segment return on investment and residual income.
13. Examine the nature of capital investment analysis on management decisions.
13.1 Describe the need for capital budgeting.
13.2 Compare capital expenditure proposals using cost analysis techniques.
13.3 Explain how managers use cost information in decision-making.
13.4 Demonstrate use of capital budgeting methods.
13.5 Calculate:
13.5.1 Payback period.
13.5.2 Unadjusted rate of return.
13.5.3 Net present value.
13.5.4 Profitability index.
13.5.5 Time adjusted rate.