Prin of Accounting II - Curt Holman 

  

 
 

Syllabus - Prin of Accounting II - ACCT& 202 ( 5 Cr) 

Quarter:   Winter 2010

Instructor:   Curt Holman

Class Schedule:   M-F (12:30 - 1:30); Room H311

Telephone:   425-235-7870

E-mail:   cholman@rtc.edu  

Web Page:   http://www.rtc.edu/instruction/Accounting/welcome_page.htm 

Office Hours:   Room H309 (7:30A-8:00A; 2:30P-3:00P)

Text:   College Accounting, 8th Edition, Houghton Mifflin - McQuaig, Bille
& Financial Accounting II Course Outlines, 7th Edition, RTC Bookstore, by Curt Holman

Other Materials:   Pencils & Eraser(s)

OBJECTIVE:   To provide additional study of topics learned in Introduction to Financial Accounting and Prin of Accounting I. Emphasis will be placed on the effect of transactions on company financial statements taken as a whole in addition to proper recording of transactions in general journal format. Additional subjects including Corporations, Bonds Payable and the Statement of cash Flow will also be covered. Successful completion of Financial Accounting I or equivalent level accounting courses is required. This is an advanced accounting course and assumes prior accounting knowledge.

 

MAKEUP POLICY: 

Missed Assignments - only under special circumstances. Not automatically permitted. 

Missed Exams - the general rule is "no", I want you to focus on the future, not the past.

MISSING TIME: It is a student's responsibility to find out from other students what information or assignments were "missed" and if necessary to create a "catch up" plan. For Financial Aid purposes, some attendances can be made up (see your instructor). Attendance may be taken at anytime during the period. If you come in late or leave early, it is your responsibility to immediately notify your instructor on that day.

TIMELINESS:    Being on time is important on the job and in this class. Not only is tardiness disruptive to the classroom, the skills and habits you develop now will directly affect your future employability. The two most commonly asked questions by potential employers concern attendance and attitude!

DISABILITY: If you are a student that has a mental or physical disability that substantially limits your ability to learn, it is recommended that you contact the Special Populations counselor in Student Services, Bldg I Room 225. The information acquired during a visit with the Special Populations Counselor is confidential and could be used to help you succeed in your program. Renton Technical College is very interest in your success.

 

INTERNET ASSIGNMENTS:  This course will have on-line quizzes, homework checks & tests. You will need to “log in” to Moodle and then select your course.
Logging In: From the Accounting web page select the specific link “Moodle”. Follow the instructions to log in.

OTHER: Food or drink – not allowed, Cell phones and beepers – turn off please, Smoking – prohibited.

 

CODE OF CONDUCT

 CLASSROOM BEHAVIOR: 

As much as possible, you will be treated as though you are an employee; therefore, our expectations are that you conduct yourself in a professional manner. Unprofessional, inappropriate and disruptive behavior will not be allowed.

 EXAMPLES OF INAPPROPRIATE AND/OR DISRUPTIVE BEHAVIOR:

CONSEQUENCES OF DISRUPTIVE BEHAVIOR:

Consequences* of disruptive behavior can be, but is not limited to:

* refer to student handbook

 

Course Competencies

1.     Identify and apply elements of Internal Control in accordance with GAAP.

2.     Prepare all required computations and journal entries relating to cash and receivables in accordance with GAAP.

3.     Compute cost of goods sold and ending inventory under various methods and estimate ending inventory balances in accordance with GAAP.

4.     Calculate fixed asset book value using various depreciation methods and record all transactions relating to fixed assets in accordance with GAAP.

5.     Record the issuance of common and preferred stock in accordance with GAAP.

6.     Record the declaration and payment of dividends and stock splits in accordance with GAAP.

7.   Compute valuation and prepare all required journal entries relating to long term liabilities and Bonds payable in accordance with GAAP.

8.     Prepare all required journal entries to record various transactions relating to corporations and capital stock in accordance with GAAP.

9.     Prepare a Statement of Cash Flows using the direct and indirect methods in accordance with GAAP.

 

 

Grading - Prin of Accounting II

The following standards are used for this class:

  

 

Grading Standards

 

Description

Percent of Grade 

 

Chapter Exams 

80%

 

Homework

10%

 

Exam Previews/Quizzes

10%

 

Grades

 

 

Decimal

Letter

Percentage

  

Decimal

Letter

Percentage

 

4.0

A

 98.0% and over

 

1.9

C-

 73.0% but less than 74.0%

 

3.9

A

 94.0% but less than 98.0%

 

1.8

C-

 72.0% but less than 73.0%

 

3.8

A-

 93.0% but less than 94.0%

 

1.7

C-

 71.0% but less than 72.0%

 

3.7

A-

 92.0% but less than 93.0%

 

1.6

C-

 70.5% but less than 71.0%

 

3.6

A-

 91.0% but less than 92.0%

 

1.5

C-

 70.0% but less than 70.5%

 

3.5

A-

 90.0% but less than 91.0%

 

1.4

D+

 69.0% but less than 70.0%

 

3.4

B+

 89.0% but less than 90.0%

 

1.3

D+

 68.0% but less than 69.0%

 

3.3

B+

 88.0% but less than 89.0%

 

1.2

D+

 67.0% but less than 68.0%

 

3.2

B+

 87.0% but less than 88.0%

 

1.1

D

 65.0% but less than 67.0%

 

3.1

B

 86.0% but less than 87.0%

 

1.0

D

 64.0% but less than 65.0%

 

3.0

B

 85.0% but less than 86.0%

 

0.9

D-

 62.0% but less than 64.0%

 

2.9

B

 84.0% but less than 85.0%

 

0.8

D-

 61.0% but less than 62.0%

 

2.8

B-

 83.0% but less than 84.0%

 

0.7

D-

 60.0% but less than 61.0%

 

2.7

B-

 82.0% but less than 83.0%

 

0.6

F

 59.0% but less than 60.0%

 

2.6

B-

 81.0% but less than 82.0%

 

0.5

F

 58.0% but less than 59.0%

 

2.5

B-

 80.0% but less than 81.0%

 

0.4

F

 57.0% but less than 58.0%

 

2.4

C+

 79.0% but less than 80.0%

 

0.3

F

 56.0% but less than 57.0%

 

2.3

C+

 78.0% but less than 79.0%

 

0.2

F

 55.0% but less than 56.0%

 

2.2

C+

 77.0% but less than 78.0%

 

0.1

F

 54.0% but less than 55.0%

 

2.1

C

 75.0% but less than 77.0%

 

0.0

F

 Less than 54.0%

 

2.0

C

 74.0% but less than 75.0%

       

  

 

Calendar

Winter Quarter 2010 – Prin of Accounting II

The following calendar of events is an approximation only and may be changed at any time.

All assignments (Exercises and Problems) listed in your course outline text are due when assigned or at the end of the chapter (whichever is sooner).

 

Week

Monday

Tuesday

Wednesday

Thursday

Friday

#1

1/4-

Orientation, Ch. 1,
Ch. 1 & 2 begins

Ch 1 ,Ch 2       

Ch 3/4

Ch5
Exam Preview

Exam #1, Ch. 1-5 

#2

1/11-

Ch 7/8 - Bank reconciliations

Ch 8 - ratio, MI, FIFI

Ch 6  - LCM, LIFO, Retail

Ch 6 - turnover

Ch 9 - begins

#3

1/18-

Holiday

Ch 9 - depletion

Exam Preview

Exam #2, Ch. 6-9

Ch 10 - begins

#4

1/25- 

Ch 10 – fringe benefits

Ch 10 – acid test

Ch 11/12 - begins

Ch 11/12 – issue stock

Ch 11/12 – big problem

#5

2/1- 

Ch 11/12 - subscriptions

Ch 11/12 – big problem, taxes

Ch 11/12 – tax timing

Ch 11/12 – stock dividends

Ch 11/12 - splits

#6

2/8- 

Ch 11/12 - extraordinary gains

Ch 11/12 - other

Ch 11/12 – business combinations

Ch 11/12

Ch 11/12

#7

2/15- 

Holiday

Exam Preview

Exam #3 

Exam #3

Ch 13 - begin

#8

2/22-

Ch 13 – more pv

Ch 13 – pv of bonds

Ch 13 – premium on BP

Ch 13 – bond investments

Ch 13 - solvency

#9

3/1-

Ch 13 

Ch 13 

Ch 13

Ch 13

Ch 14 - begin

#10

3/8-

Ch 14 – 2 methods

Ch 14 – big problem

Ch 14 – direct method

Ch 14 – complete direct

Ch 14 – big problem

#11

3/15-

Ch 14 - practice

Ch 14 - practice

Ch 14 - practice

Exam Preview

Finals Week Schedule

#12

3/22-

Finals Week Schedule

Finals Week Schedule

Finals Week Schedule

Finals Week Schedule
 1/2 day for Students