Central College Campus
Department: Business, Financial & Legal Studies
Division Chair: Dr. Mesfin Genanaw
HCCS-Accounting Program Coordinator: Dr. Marina Grau
ACCT 2302,0014 – Principles of Accounting 2
CRN 48294 Spring Semester 2015
Regular Lectures at HCCS Central, Room BSCC 207 - 2.30pm/4.30pm TTh.
[4 hours lecture per week for 12 weeks semester]
Once the student has purchased his/her learning materials from the bookstore or if he/she is ready to purchase access
directly online, go to the appropriate registration page for your section listed below and register:
http://connect.mheducation.com/class/e-strasser-king-spring-2015-tth-230p---430p
Instructor Information:
Instructor:
Office Location:
Ebenezer Strasser-King
Accounting Department, Central Campus, BSCC Building # 206
Office Hours:
Phone #:
email:
TTh 12.30pm to12.55pm; other days by appointment. (phone or email for appointments)
713-718-6426
feesk47@hotmail.com or e.strasserking@hccs.edu
Syllabus Changes
This syllabus is subject to changes as advised by the instructor from time to time during class time or by email.
An absent student should check with the instructor or colleague students for relevant announcements. The onus is on
the student to enquire.
Technical Compliance:
Students are expected to maintain a state of technical compliance, including: up-to-date software as required by the
College; a functional internet connection; and use of the Firefox browser when using Connect and Eagle Online.
The instructor will not give consideration for lost, missing or unacceptable work stemming from non-compliance
and/or end-user technical issues.
Classroom Behavior:
Instructor and student have a shared responsibility to develop and maintain a positive learning environment for
everyone and should respect the learning needs of classmates and assist the instructor to achieve this goal through a
conducive learning environment.
1.
2.
3.
Contact with the instructor, by a student, should be done in a form or language conducive to a positive
teaching/learning environment.
Students should:
 Be punctual for classes.
 Conduct themselves with a reasonable measure of ethical values and behavior.
Classroom decency will dictate the way a student dresses to attend class.
The instructor has the option to refer all actions deemed inappropriate to Administration for further action.
Program Requirements, If applicable:
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1. Students will work in EXCEL following textbook example formats, labels, and formulas
2. Students will use HCC webmail, learning web, connect.mcgraw-hill, and HCC LibLine (24/7 Library)
MATERIALS:
 Official text-Financial and Managerial Accounting, 5th edition, Wild, Shaw, and Chiappetta (HCCS edition).
 A calculator, a ruler, and No. 2 pencil, a lap-top computer (if considered necessary by the student).
(The Text is available at the college Bookstore and on reserve in the Library. The 'working papers' accompanying the
text is not required).
This is a 12 weeks Managerial Accounting Course of four contact hours a week, translating to three credits hours.
COURSE COMPETENCIES: To realize the outcomes addressed above, the student should meet the skills and
competencies addressed by the following:
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Define an Organization and describe the role of Management in the organization.
Using an Organization Chart, explain the meaning and relevance of decentralization.
Distinguish between line and staff responsibilities in an organization.
Give classifications of an organization, stating similarities and differences.
Describe the purposes for which a manager needs accounting information.
Identify major differences and similarities between financial accounting and managerial accounting.
Identify events or forces that have spurred the development of managerial accounting.
Explain the purpose of ethical conduct.
Identify and give examples of the cost elements involved to manufacture a product.
Explain differences between a manufacturing, merchandising and service type of business and their
accounting reporting format.
Identify differences in cost behavior and distinguish between variable, fixed and mixed costs and give
examples.
Define the term relevant range and explain its significance in cost behavior analysis.
Analyze mixed costs using the high-low method, the scatter-graph method, and the least-squares
method, and elaborate on the strengths and weaknesses of each method.
Identify and give examples of direct and indirect costs, controllable and non-controllable costs,
differential costs, opportunity costs, and sunk costs.
Compute predetermined overhead rates and explain why they are used in the costing process.
Distinguish between job-order and process costing and identify companies that use each.
Prepare journal entries to record the flow of direct materials, direct labor and manufacturing
overhead in a job-order costing system.
Apply overhead cost to Work In Process by using the predetermined rate.
Use T-accounts to show the flow of costs in a job-order costing system, and prepare schedules of cost
of goods manufactured and cost of goods sold.
Compute over-applied and under-applied overhead and prepare the entry to dispose of it.
Record entries for flow of materials, labor, and overhead through process costing.
Compute the equivalent units of production using the Weighted-Average method and compute units
costs and total costs for the period.
Prepare the following production reports: Quantity Schedule, Schedule of Equivalent units, Total Costs
and Units Costs, Cost Reconciliation, all using the Weighted-Average method.
Explain differences between variable and absorption costing, computing unit cost under each method,
address how fixed overhead is handled under each method.
Prepare income statements using variable and absorption costing, reconcile net income amounts, and
explain how differences in production and sales affect both methods.
Define budgeting and prepare various types of budgets.
Prepare budgeted income statements and balance sheets.
Explain how various standards are established and discuss benefits of using standards.
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Compute variances for materials, labor and overhead.
Prepare journal entries using standard costs and isolate variances where appropriate.
Prepare the flexible budget variable overhead performance report and isolate the variances.
Explain the significance of the denominator activity in determining standard costs.
Apply overhead cost to units of production in a standard cost system.
Compute and properly interpret the fixed overhead budget and volume variances.
Understand the purpose of the Statement of Cash Flows.
Classify transactions as investing, operating, financing or non-cash.
Prepare the Statement of Cash Flows using the indirect method.
Explain the direct method of determining the net cash provided by operating activities.
Compute the “Net Cash Provided by Operating Activities” using the indirect method.
SCHEDULE for 16-weeks instruction in Principles of Accounting 1
2015
Chapte
r
Other
FEB.
17
19
24
26
MAR.
14
14
15
16
Instruction
Worked example
Instruction / Worked example
Instruction
3
5
16
17
Worked example
Instruction/Worked example
10
12
17
19
24
26
31
APR.
2
7
9
14
16
21
23
28
30
MAY
5
7
12
18
18
14-18
19
19
Instruction/Worked example
Instruction/Worked example
No class
No class
Group class 1
Instruction
Worked example
14-19
20
20
21
21
22
23
23
24
Mid - semester exam
Instruction
Worked example
Instruction
Worked example
Instruction/Worked example
Instruction
Worked example
Instruction/Worked example
19-24
19-24
19-24
Class group 2
Group presentation/Revision
Final exams
Distribute Project 1
Holiday
Holiday
Distribute Mid-semester review (14-19)
Project 1due
Distribute Project 2
Distribute discussion topics
Distribute final exam preview (19-24)
Project 2 due
Instructional Methods:
As instructor, I am expected to convey knowledge in managerial accounting, modeling good teaching strategies, and
organizing and monitoring class activities.
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Students should read the textbook, submit assignments on the due dates, participate fully in classroom activities and
attend classes. (Make use of the demonstration problem/solution in each chapter and self-practice questions
contained in the textbook.) Use available learning tools provided as help. A successful student in accounting can
count on 3 hours of independent study after every class. Perfect attendance is essential for mastery of the course
content.
Grading
As instructor, I may award bonus points for attendance, class participation, punctuality, etc. as and when I deem fit.
Final grade for this course will be based on overall performance, mainly based on the evaluation requirements
contained in this syllabus.
Final Grade of FX
Students who stop attending classes and do not withdraw themselves prior to the withdrawal deadline may either be
dropped by their professor for excessive absences or be assigned the final grade of “FX”, compared to an earned
grade of “F” which is due to poor performance. A grade of “FX” is treated exactly the same as a grade of “F” in
terms of GPA, probation, suspension, and satisfactory academic progress.
Class Tests/Exams
Except otherwise approved, class tests/exams will be individual, closed book and closed notes. No cell-phone
use will be allowed during the proceedings. Failure to take the test/exams will amount to a grade of zero,
except prior arrangement has been made with the instructor for a make-up version. If agreed, the make-up
will be taken in the Test-Center facility of the college.
Evaluation Requirements:
Connect 10 chapter assignments for 100 marks each
Class group work x 2 (60 marks each)
Mid- term exams - Class
Class Projects, 2 x 100 marks
Final Exams - Class Presentation
- Problems, M/C
Total
Grading Scale:
1,000
100
150
200
50
150
1,650
90 - 100%
A
(1.485 -1,650 points)
80 - 89%
B
(1,320 -1,484 points)
70 - 79%
C
(1,155-1,319 points)
60 - 69%
D
(990-1,154 points)
BELOW 60%
F
(0 to 989 points)
FX (Failure due to non-attendance), IP (In Progress), W(Withdrawn), I(Incomplete), AUD (Audit)
Textbook and Related Material (Required):
The required textbook for this course is Financial and Managerial Accounting, 5th edition, Wild, Shaw, and
Chiappetta (HCCS edition).
This course will also use the book publisher McGraw-Hill Connect Plus Learning Module for all on line
assignments, which you are required to complete.
All grades in Connect are based on 100 points a chapter, entered into your Grade Book making up 60% of your
total grade.
Once you have purchased your materials from the bookstore or if you are ready to purchase access directly online,
go to the appropriate registration page for your section listed below:
http://connect.mheducation.com/class/e-strasser-king-spring-2015-tth-230p---430p
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To register, confirm that you are on the appropriate page by reviewing the course and section information listed on
the site. If the course and section information listed are correct, click on the “Register Now” button, and follow the
instructions on the site to complete your registration.
If you run into technical difficulties, please call McGraw-Hill’s Customer Experience Group on 1(800)331-5094
or submit the “Contact Us” form found online at www.mhhe.com/support.
As instructor, I cannot help resolve technical problems.
Academic Honesty:
I try to ensure that all students compete on a level playing field through teaching, grading, and enforcement roles.
You are expected to be familiar with the College's Policy on Academic Honesty.
Students should conduct themselves with integrity in fulfilling course requirements. Penalties and/or disciplinary
proceedings may be initiated against a student accused of scholastic dishonesty including, but not limited to;
cheating, plagiarism, and collusion. Possible punishments for academic dishonesty may include a grade of 0 or F
in the particular assignment or course, and/or recommendation for probation or dismissal from the College System.
A report of the incident will also be submitted to all appropriate school authorities.
Attendance:
It is important that you are in attendance in class by 2/28/2015 to fulfill attendance obligation to the
registrar's office by that date. If you have not reported for class by 2/28/2015 you will be considered as never
attended class and the registrar's office will drop you from this course. Class attendance is checked during
lecture days.
Although it is your option to drop a course, the instructor has the authority to drop you for excessive absences or
non-compliance.
A student may be dropped from the course for excessive absences after the student has accumulated absences of
12.5 % of the hours of instructions.
Failure to turn in three consecutive assignments, when due, either directly or through Connect, may lead to you
being dropped from the course.
Students are responsible for all work, assignments, and material discussed in class, whether the student is present or
absent.
Tardiness is disruptive to the instructor and the other students and will be counted as an absence. Once roll is taken
and the lecture begins, an instructor may decide that students do not enter the class room closing the class room door
and posting a note requesting that students do not enter the class whilst in session.
Students do not have to notify the instructor prior to missing a class. However, if this happens too many times, you
may be dropped from the class.
Drops and Withdrawals: HCC Course Withdrawal Policy (updated 7/26/2010)
To help you avoid having to drop/withdraw from any class, contact your professor regarding your academic
performance. You may also want to contact your counselor to learn about helpful HCC resources (e.g. online
tutoring, child care, financial aid, job placement, etc.).
 Students should check HCC’s Academic Calendar by Term for drop/withdrawal dates and deadlines.
 If a student decides to drop or withdraw from a class upon careful review of other options, the student can
drop online prior to the deadline through their HCC Student Service Center:
https://hccsaweb.hccs.edu:8080/psp/csprd/?cmd=login&languageCd=ENG
Before withdrawal, meet with the instructor or counselor to discuss why you feel it is necessary to do so. The
instructor or counselor may be able to provide you with suggestions that would enable you to complete the course.
You must withdraw PRIOR to the withdrawal deadline to receive a “W” on your transcript.
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If you do not withdraw before the deadline, you will receive the grade that you have earned to date. Zeros averaged
in for required assignments/tests not submitted will lower your semester average significantly, most likely resulting
in a failing grade “F”. (International Students receiving a W in a course may affect the status of your student visa.
Once a W is given for the course, it will not be changed to an F because of visa considerations.)
Early Alert:
HCC has instituted an Early Alert process by which your professor may alert you and HCC counselors that you
might fail a class because of excessive absences and/or poor academic performance.
Incompletes:
It is my policy not to give a grade of “I” (incomplete), except in exceptional circumstances.
HCC Student Services Information
Link: http://www.hccs.edu/hcc/System%20Home/Departments/Student_Handbook/student_policies.pdf
Use of Camera and/or Recording Devices
As a student active in the learning community of this course, it is your responsibility to be respectful of the learning
atmosphere in your classroom and not use these devices in the classroom unless you receive permission from the
instructor.
Students with disabilities who need to use a recording device as a reasonable accommodation should contact the
Office for Students with Disabilities for information regarding reasonable accommodations.
EGLS3 -- Evaluation for Greater Learning Student Survey System
During a designated time near the end of the term, students are asked to answer a short online survey of researchbased questions related to instruction. The anonymous results of the survey will be made available to your
professors and department chairs for continual improvement of instruction. Look for the survey as part of the
Houston Community College Student System online, near the end of the term.
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