ACT2291 Principles of Accounting I

Document Sample
ACT2291 Principles of Accounting I Powered By Docstoc
					                        TROY UNIVERSITY

                                   Principles of Accounting II
                                           ACT 2292

                                  Spring 2009 Section TRWA

Instructor:                   Brian Goodson, MBA

Office Hours:                 W: 8:00 – 10:45, 1:00 – 5:00; T: 2:30 – 5:00
Office Location:              Bibb Graves 207
Office Phone #:               334-670-5764
Instructor Email:   
Classroom Location:           Bibb Graves 238
Class Time:                   TTH 11:30 – 12:45

Prerequisites:                ACT 2291


Modern financial and managerial accounting theory and practices applied to an organization’s
liabilities, cash flows, planning, budgeting, and control.


To enhance understanding of how basic financial transactions are recorded and analyzed and
how accounting information is used in planning and control. This class is a core requirement for
all undergraduate business programs.


This is the second course in a series which discusses introduction to the use, preparation, and
interpretation of accounting information found in financial and operating statements. The
purpose is to establish an understanding of how accounting relates to and reports on business
activities from a financial and managerial accounting perspective.

After successfully completing the course students should be able to:

   1.   Account for equity transactions
   2.   Analyze and evaluate the income statement, balance sheet, and statement of cash flows
   3.   Record income taxes, unusual income items, and investments in stocks
   4.   Record, analyze and evaluate bonds
   5.   Record, analyze and evaluate job order and process costing systems
   6.   Analyze cost behavior and cost-volume-profit relationships
   7.   Prepare static and flexible budgeting systems
   8.   Analyze performance evaluations using variances from standard cost


Warren, C. S., Reeve, J. M., & Duchac, J. E. (2007). Accounting (22nd Ed.). Mason, OH:
Other Materials Needed:        Pencils, Paper, Calculators

Grading Methods:

Quizzes: Quizzes will be given at the instructor’s discretion, and will be weighted equally with
the 4 examinations in the calculation of the student’s overall average. There will be no make-
up quizzes for those missed throughout the course of the semester.

Examinations: Tentative examination dates are indicated on the syllabus. More information on
the content and format of the exams will be provided as the material is covered in class. The
tentative format for each exam includes multiple-choice and true/false. Make-up examinations
will be administered on Dead Day only. Programmable calculators (those that store text) are
not permitted on the exams. Calculators without text storage capability are allowed.
Examination scoring will be as follows:

Test 1   100 points        90%-100%    A
Test 2   100               80%-89%     B
Test 3   100               70%-79%     C
Test 4   100               60%-69%     D
Total    400 points        below 60%   F

Class Procedure:

Class will be a mixture of lecture and student discussion. Student participation in the class
discussion is strongly recommended and encouraged as a vital part of the learning process. It is
the instructor’s opinion and recommendation that students should spend at least 10-15 hours per
week preparing for this class. Students should read the appropriate chapter prior to coming to

Attendance Policy:
        In registering for classes at the University, undergraduate and graduate students accept
responsibility for attending scheduled class meetings, completing assignments on time, and
contributing to class discussion and exploration of ideas. If a student does not attend class
during the first two weeks (first 14 calendar days) of the semester, and does not give prior
notification to the instructor of reasons for absence and intent to attend the class, the student will
be required to drop the course. It is the responsibility of the student to drop the course or to
withdraw from the University according to University policy.
        A faculty member may excuse absences and allow students to make up work if the
faculty member deems the absence legitimate. A faculty member is not expected to provide
make-up opportunities for a student without a legitimate excuse. Official excuses are granted by
the office of the Executive Vice Chancellor and Provost for authorized University activities, and
must be honored by the faculty.
        Students receiving financial aid benefits are required to attend classes according to the
regulations for financial aid benefits in addition to those regulations required for the course. (See
the Oracle.)
        Inclement Weather and Emergency Situations: Both faculty and students are responsible
for meeting all assigned classes. In the event of inclement weather, faculty and students will be
expected to attend classes as usual as long as they may do so without risking peril to themselves
or to others. During periods of inclement weather, faculty and students will not be penalized for
absences dictated by perilous conditions. In severe cases of inclement weather or other
emergency conditions, the University will announce cancellation of classes through the local and
regional media as well as through the University’s web site. The cancellation announcement
may be specific to Alabama campuses or national or international
sites across the University.


Troy University supports Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities
Act of 1990, which insure that postsecondary students with disabilities have equal access to all academic
programs, physical access to all buildings, facilities and events, and are not discriminated against on the
basis of disability. Eligible students, with appropriate documentation, will be provided equal opportunity to
demonstrate their academic skills and potential through the provision of academic adaptations and
reasonable accommodations. Further information, including appropriate contact information, can be found
at the link for Troy University’s Office of Human Resources at

Use of any electronic devise by students in the instructional environment is prohibited unless explicitly
approved on a case-by-case basis by the instructor of record or by the Office of Disability Services in
collaboration with the instructor. Cellular phones, pagers, and other communication devices may be used
for emergencies, however, but sending or receiving non-emergency messages is forbidden by the
University. Particularly, use of a communication device to violate the Troy University “Standards of
Conduct” will result in appropriate disciplinary action (See the Oracle.)

In order to receive emergency messages from the University or family members, the call receipt indicator
on devices must be in the vibration mode or other unobtrusive mode of indication. Students receiving
calls that they believe to be emergency calls must answer quietly without disturbing the teaching
environment. If the call is an emergency, they must move unobtrusively and quietly from the instructional
area and notify the instructor as soon as reasonably possible. Students who are expecting an emergency
call should inform the instructor before the start of the instructional period.

Academic Misconduct/Plagiarism Statement:               (taken from Oracle Student Handbook)
By enrollment at the University, a student or organization neither relinquishes rights nor escapes
responsibilities of local, state, or federal laws and regulations. The “STANDARDS OF
CONDUCT” are applicable to behavior of students and organizations on and off the university
campus if that behavior is deemed to be incompatible with the educational environment and
mission of the university. A student or organization may be disciplined, up to and including
suspension and expulsion, and is deemed in violation of the “STANDARDS OF CONDUCT”,
for the commission of or the attempt to commit any of the following offenses:
        1. Dishonesty, such as cheating, plagiarism or knowingly furnishing false information to
        the University, faculty or other officers or employees of the University.
        2. Forgery, alteration or misuse of university documents, records or identification.
For full list of offenses please see the Student Handbook (Oracle)

Other Information:               As deemed appropriate will be provided by the instructor.
Tentative Schedule:

    Date                   Problems                                        Topic
January       8                                   Ch. 12      Accounting for Partnerships and

              13                                  Ch. 12      Accounting for Partnerships and
              15                                  Ch. 13      Accounting for Corporations
              20                                  Ch. 13      Accounting for Corporations
              22                                  Ch. 13      Accounting for Corporations
              27                                  Ch. 14      Income Taxes, Unusual Income
                                                              Items, Investments in Stocks
              29                                  Ch. 14      Income Taxes, Unusual Income
                                                              Items, Investments in Stocks
February       3                                              EXAM 1
              10                                  Ch. 15      Accounting for Bonds
              12                                  Ch. 15      Accounting for Bonds
              17                                  Ch. 15      Accounting for Bonds
              19                                  Ch. 16      Statement of Cash Flows
              24                                  Ch. 16      Statement of Cash Flows
              26                                  Ch. 16      Statement of Cash Flows

March          3                                  Ch. 17      Financial Statement Analysis
              10                                              SPRING BREAK
              12                                              SPRING BREAK
              17                                              EXAM 2
              19                                  Ch. 18      Managerial Accounting

              24                                  Ch. 18      Managerial Accounting
              26                                  Ch. 19      Job Order Costing
              31                                  Ch. 19      Job Order Costing
April          2                                  Ch. 20      Process Cost Systems
               7                                  Ch. 20      Process Cost Systems
               9                                              EXAM 3
              16                                  Ch. 21      Cost Behavior and CVP Analysis
              21                                  Ch. 22      Budgeting
              23                                  Ch. 23      Variance Analysis
              28                                              REVIEW FOR FINAL EXAM
              29 DEAD DAY
May            4 FINAL EXAM 11:00 a.m.

School of Accountancy Mission Statement: The mission of the School of Accountancy
is to advance the accounting profession by providing quality accounting education to both undergraduate
and graduate students, publishing quality research and providing service to the professional community.
We prepare students for successful careers with increasing professional and managerial responsibility in
public accounting as well as government and industry and prepare undergraduate students for admission
to graduate programs in accounting and business.

Troy University Mission Statement: Troy University is a public institution comprised of a network of
campuses throughout Alabama and worldwide. International in scope, Troy University provides a variety
of educational programs at the undergraduate and graduate levels for a diverse student body in
traditional, non-traditional and electronic formats. Academic programs are supported by a variety of
student services which promote the welfare of the individual student. Troy University’s dedicated faculty
and staff promote discovery and exploration of knowledge and its application to lifelong success through
effective teaching, service creative partnerships, scholarship and research.

SCOB Mission Statement: Through operations that span the State of Alabama, the United States, and
the world, the Sorrell College of Business equips our students with the knowledge, skills, abilities and
competencies to become organizational and community leaders who make a difference in the global
village and global economy. Through this endeavor, we serve students, employers, faculty, and Troy
University at large as well as the local and global communities.

SCOB Vision Statement: Sorrell College of Business will be the first choice for higher business
education students in their quest to succeed in a dynamic and global economy. Sorrell College of
Business will create the model for 21 century business education and community service.

Shared By: