Date Revised: 08/15
COURSE SYLLABUS
Syllabus for:
ACCT 1020 Principles of Accounting II
Former Course(s):
ACT 231, ACT 232 and ACT 233 (Qtr); ACT 2310 and ACT 2320 (Sem)
Catalog
Description:
This course is a continuation of ACCT 1010 Principles of Accounting I and an
introduction to the preparation and use of managerial and cost accounting concepts
utilized in planning and controlling operations.
Credit Hours: 3
Contact Hours: 3
Lab Hours: 0
Prerequisite(s): ACCT 1010
Required
Text(s):
Accounting, Warren, Reeve, & Duchac, 25th edition, South-Western Cengage Learning
Required Supplies/Material(s): None
Recommended Supplementary Material(s): Working Papers, Chapters 18-26
Student Group for Whom Course is Required/Intended: This course is intended for students pursuing the
following degrees and programs of study.
Associate of Science/Arts Degree, Tennessee Transfer Pathways: Accounting, Business Administration,
Economics, and Information Systems.
Associate of Science/Arts Degree, University Parallel: Areas of Emphasis in Business Education,
Entrepreneurship, and Office Management.
Associate of Applied Science, Business Technology Major: Concentrations in Accounting, Business Computer
Applications, Business Computer Programming, and Business Management.
Associate of Applied Science, General Technology Major
Certificates: Business Information Systems and General Business.
Student Learning Outcomes: Upon completion of this course, students will demonstrate the ability to:
1.
Describe accounting terms.
2.
Describe and illustrate acceptable accounting treatment for partnerships.
3.
Describe and illustrate the accounting implications of the corporate form of ownership.
4.
Describe and illustrate corporate earnings and issuance of stocks.
5.
Describe and illustrate the accounting treatment for bonds payable and bond investments.
6.
Describe and illustrate the recording of corporate investments and fair value accounting.
7.
Describe and illustrate the preparation of a statement of cash flows.
8.
Describe and illustrate the basics of capital investment analysis.
9.
Describe and illustrate managerial accounting terms and concepts.
10.
Describe and illustrate the job order costing system.
11.
Describe and illustrate the process costing system.
12.
Describe and illustrate cost behavior and use cost-volume-profit analysis.
13.
To learn the basic concepts of international accounting standards.
Final Grading Plan: The grading scale for all examinations and the final course grade
will be based on the following percentages:
A = 90 - 100%
D = 60 - 69%
B = 80 - 89%
F = 0 - 59%
C = 70 - 79%
Suggested Evaluation Plan:
Task
Exam 1 (Chapters 12-13)
Exam 2 (Chapters 14-15)
Exam 3 (Chapters16-17)
Exam 4 (Chapters 18-20)
Homework
Quizzes
Weight
Student Learning Outcomes
20%
20%
20%
20%
10%
10%
1-4
5-6
7-8
9 - 13
INSTRUCTIONAL SCHEDULE
Week
1
Student
Learning
Outcomes
Content to be Covered
1-2
Introduction to the course
Chapter 12—Accounting for Partnerships and
Limited Liability Companies
Read Chapter 12
Continue Chapter 12
Work problems 12-1A, 12-2A, 12-5A
Chapter 13—Corporations: Organization,
Stock Transactions, and Dividends
Read Chapter 13
Continue Chapter 13
Exam I (Ch. 12-13)
Work problems 13-1A, 13-3A, 13-4A
2
3
4
3-4
1-4
Student Assignments/
Supplementary Material(s)
5
5
Chapter 14—Long-Term Liabilities: Bonds
and Notes
Read Chapter 14; Work problems
14-2A, 14-3A, 14-4A
6
6
Chapter 15—Investments & Fair Value
Accounting
Read Chapter 15; Work problems
15-1A, 15-3A
7
5-6
7
Exam II (Ch. 14-15)
Chapter 16—Statement of Cash Flows
Read Chapter 16
Continue Chapter 16
Work problems 16-1A, 16-2A, 16-4A,
16-5A
Chapter 17—Financial Statement Analysis
Read Chapter 17; Work problems
17-3A, 17-4A
8
9
8
10
7-8,
13
Exam III (Ch. 16-17)
Chapter 18—Managerial Accounting
Concepts and Principles
Read Chapter 18
11
9-10
Continue Chapter 18
Work problems 18-1A, 18-2A, 18-3A
12
11
Chapter 19—Job Order Costing
Read Chapter 19; Work problems
19-1A, 19-2A
13
12
Chapter 20—Process Cost Systems
Read Chapter 20
Continue Chapter 20
Work problems 20-1A, 20-3A
14
15
9-13
Final exam (Ch. 18-20)