Part A of the Syllabus
Principles of Accounting II ACC-212 C01 #11841
3 Credits
Spring 2015
Samuel Foltz, CPA MSA
Daniel Tech Center Room# 225
Office Location: DTC Adjunct Office or ACC
Phone: 540-760-2505
Class days/times:
Tu/Th 9:00am to 10:15am
Email: sfoltz@germanna.edu
Office hours:
Tu/Th 10:15am – 11:15am by appointment
I. Introduction
Course description:
Introduces accounting principles with respect to cost and managerial accounting. Focuses on the
application of accounting information with respect to product costing, as well as its use within the
organization to provide direction and to judge performance. Prerequisite: ACC 211. Lecture 3 hours
per week.
Additional course description:
Required textbooks and materials:
REQUIRED: Financial and Managerial Accounting 5th ed. Wild, Shaw, & Chiappetta.
ISBN:978-0-07-802560-0
REQUIRED: Access to McGraw Hill Connect (Registration card included in textbook purchase)
Learning outcomes:
A. Managerial Accounting and Cost Concepts
1. Distinguish managerial accounting from financial accounting
2. Describe the various cost classifications.
3. Explain manufacturing in JIT environment. B. Manufactured Product Costing
1. Explain manufacturing costs.
2. Record the flow of manufacturing costs in job order and process cost accounting systems.
3. Calculate pre-determined overhead rates and over and under applied overhead.
C. Activity Based Costing
1. Assign costs to cost pools
2. Calculate activity rates for cost pools.
3. Assign overhead to cost objects using activity rates
D. Cost-Volume-Profit and Variable Costing
1. Estimate fixed and variable costs using appropriate methods. 2.
Compute unit cost under both absorption and variable costing.
3. Reconcile income between variable and absorption costing methods.
4. Perform cost-volume-profit analysis.
5. Explain the significance of Operating Leverage.
E. Performance Measurement and Responsibility Accounting
1. Prepare departmental and segmented income statements with allocated service department costs
where appropriate.
2. Evaluate investment center performance by computing the profit margin, investment turnover,
residual income, and rate of return on investment (ROI).
3. Describe the balanced scorecard approach.
F. Budgeting
1. Describe the budgeting process and the benefits it provides.
2. Prepare a master budget.
3. Prepare a flexible budget.
G. Standard Costs and Variance Analysis
1. Explain the use and development of standard costs.
2. Calculate direct material, direct labor and manufacturing overhead variances.
H. Relevant Costs
1. Describe relevant costs that are helpful in decision-making.
2. Prepare analyses of manufacturing decisions such as make or buy, special orders, sell or process
further, retain or eliminate a product or service.
3. Explain the Theory of Constraints in relationship to limited resources.
I. Capital Budgeting
1. Evaluate capital investment proposals by using accounting rate of return, payback method, net present
value, internal rate of return and profitability index.
II. Communicating with the instructor
E-mail: Students who e-mail me Monday - Thursday can ordinarily expect a response within
24 hours. Students who e-mail after 4 PM on Friday or over the weekend can ordinarily
expect a response by noon on the following Monday.
Phone Messages : Although I try to check phone messages during the week, the preferred
method of communication will always be e-mail. I will make every effort possible though to
return phone messages within 2 business days.
Turnaround Time for Grading: All assignments and assessments that are completed and
received by the due date will be graded and associated grades will be posted in the Grade
Center of this Blackboard electronic classroom within 7 days of the due date. (NOTE: I
generally do not begin to grade an assignment until on or after the due date since it is my
preference to grade all students’ submissions at one time.)
NOTE: You are expected to retain an electronic copy of all work submitted. If transmission
of the work fails, you are expected to "resend" the document under our directions.
Assignments will be submitted in Blackboard either through Discussion Board forum
postings, via the Assignment feature, or via the SafeAssign feature. You are expected to
verify your own Blackboard responses by returning to the appropriate place in Blackboard
after the work has been posted.
III. College information and class policies (Note: see part B of this document for collegewide policies. Any class policies do not contradict the college policies but are in addition to the
college policies.)
Important dates:
Course specific attendance policies:
Academic dishonesty:
Course plan for college closing:
Please see GCC policy for college closing. Always check Blackboard in the event of a college closing
Electronics (i.e. cell phones)/Food classroom policy:
Set your cell phone ringers to vibrate while in class. This is a computerized classroom – no food or
drink in class.
Grading policy and grading scale:
This course consists of the following for grade:
Homework
10
@
15pts
Tests
5
@
20pts
Participation/Attendance 10
@
5pts
Group Work
1
@
100pts
Final Assessment
1
@
50pts
Total
150pts
150pts
50pts
100pts
50pts
500 points
Grading Scale:
450 – 500 A
400 – 449 B 350
– 399 C
300 – 349 D
< 299
F
Other course/instructor policies and information - None
IV. Tentative course activities and assignments
Tuesday/Thursday Schedule ACC 212 C01 Spring 2015
Dates
Material
Week 1
1/13/2015 Chapter 14
1/15/2015
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Week 11
Week 12
Week 13
Week 14
Week 15
Week 16
1/20/2015 Chapter 15
1/22/2015
1/27/2015 Test 1
1/29/2015
2/3/2015 Chapter 17
2/5/2015
2/10/2015 No Class - College Learning Day
No Class
2/12/2015
2/17/2015 Chapter 18
2/19/2015
2/24/2015 Test 2
2/26/2015
3/3/2015 Chapter 19
3/5/2015
3/10/2015 Chapter 20
3/12/2015
3/17/2015 No Class
Spring Break
3/19/2015
3/24/2015 Test 3
3/26/2015
3/31/2015 Chapter 21
4/2/2015
4/7/2015 Chapter 22
4/9/2015
4/14/2015 Test 4
4/16/2015
4/21/2015 Chapter 23
4/23/2015
4/28/2015 Chapter 24
4/30/2015
Week 17
5/5/2015 Test 5
5/7/2015 Final
Syllabus Subject to Change
Part B of the Syllabus
GCC E-mail Policy:
Germanna has an email policy in effect for all college email communications in compliance with
VCCS policy. This includes online course related emails and is to ensure confidentiality and
security.
•
All official email communication will be distributed to VCCS email accounts only. All students,
faculty and staff of the VCCS will use their official VCCS email account when conducting VCCS
business.
•
Email is an official method for communication within the Virginia Community College System.
Faculty and staff are responsible for reading and responding to email in a timely fashion.
Students are responsible for the consequences of not reading, in a timely fashion, college-related
communication sent to the official VCCS Student email account.
•
Faculty members may require email for course content delivery, class discussion, and instructor
conferencing and may specify course-related email policies in their syllabi. Faculty may also
require students to confirm their subscription to VCCS-provided mailing lists.
•
If you need help accessing your student email account please visit the ACC on either campus.
Faculty email addresses end with “@germanna.edu” and student email addresses end with
“@email.vccs.edu”.
Faculty Response Time
Students can expect to receive a response to email messages or telephone calls made to their
faculty member within a 24 hour period Monday through Friday. A response to email messages
sent over the weekend will be provided by close of business on the following Monday.
Academic Honesty:
The faculty of Germanna Community College recognizes that academic honesty is an integral
factor in developing and sharing knowledge. We support the concept of academic honesty,
practice academic honesty in our classes, and require academic honesty from our students. GCC
students are expected to maintain complete honesty and integrity in the completion and
presentation of all academic assignments and examinations. Any student found guilty of
cheating, plagiarism, or other dishonorable acts in academic work is subject to disciplinary
action.
Academic dishonesty is cheating and stealing. Academic dishonesty includes, but is not limited
to:
•
•
•
•
•
•
•
•
Using material verbatim from a source without giving credit.
Rewriting material from a source without giving credit.
Using information from an Internet source without giving credit.
Submitting the work of another person as your own work.
Using/copying another student's computer disk.
Copying from another person's paper/test/homework.
Allowing someone else to copy/use your work (e.g., paper, homework, quiz, test).
Violating VCCS Computer Ethics Guidelines in the pursuit of academic studies.
Important Dates (15 week term)
Classes Begin
Last Day to Add
Martin Luther King Day
Last Day to Drop with Refund
College Learning Day (No Classes)
Jan 12
Jan 17
Jan 19
Jan 29
Feb 10
Student Success Day
Last Day to Withdraw Without Academic Penalty
Spring Break
Classes End
Final Examinations
Mar 11
Mar 23
Mar 16-22
May 6
May 7-13
Attendance Standard
Class attendance requirements are found in the course outline, which the instructor provides to
students in each course. Germanna students are expected to be present and on time at all
regularly scheduled classes and laboratory meetings. When a faculty member determines that a
student has not met the class attendance requirements in the course outline, which will usually
conform to the statement at the end of this Standard, the faculty member may submit a
Drop/Add Form, showing the last date of attendance by the student, to the Admissions and
Records Office. A grade of "W" will be recorded for all withdrawals, whether initiated by the
student or by the faculty member through the published "Last day to withdraw without
academic penalty." Students withdrawn after the withdrawal deadline will receive a grade of "F"
except under mitigating circumstances, which must be documented by the student and
approved by the Dean of Instruction. Please see "Withdrawing from a course" under
"Registration Information" in the Academic Information section of the Germanna course catalog
for additional policy information.
Absences listed below are calculated for fifteen-week courses. For eight-week classes, the
absences listed below are cut in half; absences in four-week classes are one-fourth of those
listed below. For short session courses other than 8 week, please see your instructor for the
permitted absences.
Weekly attendance is required for online courses. Attendance is measured by weekly logging in
and working within the Bb shell of the course.
The official GCC withdrawal policy follows: Withdrawal from a course without academic penalty
may be made within the first 60% of the course. The student will receive a grade of "W" for
withdrawal. After that time, the student will receive a grade of "F". Exceptions to this policy may
be considered under mitigating circumstances which must be documented and submitted to the
appropriate Dean of Instruction for review and consideration. Please see "Important Dates" in
Part B of this syllabus for fifteen-week courses.
For Academic Calendars for courses other than fifteen-weeks, click on the Class Schedule link at
www.germanna.edu . Click on link for Academic Calendar. Use appropriate class calendar.
If class meeting times during the week are:
1
2
2
4
3
6
4
Disability Information:
Absences permitted are:
8
If you are a student with a disability and will need accommodations while enrolled in this
course, please contact the Coordinator of Disability Services in the Counseling Center, (5408913019 at the Fredericksburg Area Campus or 540-423-9140 at the Locust Grove Campus).
Emergency Procedures:
Emergency procedures are posted in individual classrooms. Students must familiarize themselves
with the procedures to be followed, and the escape routes to be followed when necessary.
Faculty will go through the classroom emergency procedures during the first class meeting and
students are to record these procedures in their class notes. Faculty may elect to provide written
instructions within the first two class meetings.
Student Academic Services:
Library Services
Library Services offers a rich variety of resources to Germanna students from workshops on how to
conduct academic research to an online catalog of print and electronic resources available at the Locust
Grove Campus, the Fredericksburg Area Campus, and the Daniel Technology Center in Culpeper. FAC’s
Information Commons provides a quiet place to research and write. Library staff can aid students with
their research. Students can access thousands of journal titles, most of which are full text. E-books are
available in a variety of disciplines and for leisure reading. Students are encouraged to take advantage
of library resources by visiting any of Germanna’s libraries and exploring the online resources at:
http://www.germanna.edu/Academics_And_Student_Services/Student_Services/Library_Services/
Tutoring Services
The Tutoring Services Department offers a variety of free academic support programs for
Germanna students at both the Locust Grove and Fredericksburg Area campuses. Daniel Center
students should contact the Locust Grove tutoring office regarding available services and
Stafford Center students should contact the FAC Tutoring Services Office for available services.
To schedule an individual tutoring appointment, call or visit the Locust Grove or Fredericksburg
Tutoring Centers.
Online tutoring is available during daytime, evening and weekend hours. Registered students
may access online tutoring by clicking on the Smarthinking link from the Tutoring Services’
website.
Supplementary academic materials are available free of charge from Tutoring Services, and they
may also be downloaded from the Tutoring Services’ website: http://www.germanna.edu/tutor/
Tutoring Services operates a daily walk-in Writing Lab and Math Lab as well as providing a
variety of study skills and academic workshops. Students may register for the Test Taking/Test
Anxiety Workshop, Grammar Workshop, APA/MLA Workshop, TI83/84 Calculator Workshop,
Computer Competency Workshop, Note-taking, Spanish Discussion Group, Drug Calculation
Workshop, and the Basic PC Skills Mini Course by visiting or calling our offices. Several of these
workshops may also be viewed online from the “Online Tutoring Resources” section of the
Tutoring Services’ website:
http://www.germanna.edu/tutor/resources.asp?menuchoice=Online%20Tutoring%20Resources
Academic Computing Center
The ACC provides computer access to students needing to work on class work, check e-mail,
blackboard, etc. Students also can apply, register for classes or change classes, check grades,
etc. using myGCC. Staff is available to assist students with various computer issues and services.
Student can access the internet and MS Office Suite, and placement testing is administered at
LGC.
Testing Services
Testing Services provide proctor services for make-up and distance learning tests. Test
proctoring for various nursing exams, dental hygiene, exit exams and other college/university
testing as well. To determine the hours of the Testing Center, go to the website
http://www.germanna.edu/acc/testing_center.
Observation of "Netiquette"
All of your online communications need to be composed with fairness, honesty and tact.
Spelling and grammar are very important in online communication. What you put into an
online communication reflects on your level of professionalism. Several netiquette
guidelines are listed below:
Sentence Capitalization:
• Typing in all caps is considered screaming.
• Example: SUNDAY WILL BE A LONG DAY!
• Various studies have concluded that typing in all caps takes longer and is more
difficult to read.
• Recipient may think you are overly excited.
Leaving the subject field blank:
• Always fill in the subject with a concise statement describing the email.
• Do not use all caps or put in phrases such as Help or Hi.
• Failure to follow netiquette guidelines when filling in the subject line of an email may
result in your correspondence being discarded as spam.
Colored text and background colors:
• Use colors sparingly in your emails – whether it is text or fill colors
• Certain colors can make emails difficult to read.
Return receipt request:
• These allow you to track when the recipient opens your email – you should use this
email feature sparingly.
• Can be very annoying to the recipient of the email.
Grammar and spelling check:
• Proofread emails for errors.
• Capitalize your sentences and use appropriate punctuation.
• Refrain from using multiple !!!!!!! or ????????
These netiquette guidelines will help to ensure you are courteous and use proper manners while
corresponding with your friends, family and business associates.