Item #1469, Accounting 202, Section A, 5 credits
Spring Quarter 2015
10:30 a.m. to 11:20 a.m. Daily, Building 8-5 (1
st
Class March 30st 2015)
Dr. Heritage M.B.A., C.P.A., C.G.M.A, J.D.
Building F-1 Room 49
Office Hours
1:30p.m. – 2:30 p.m. M - F
253-566-5255
lheritage@tacomacc.edu
Catalog Description:
ACCT&-202 is a continuation of ACCT&-201. Introduces accounting for long-term debt and investments.
Examines the measuring and reporting of Stockholders’ Equity and consolidated statements. Reemphasizes the preparation of the Statement of Cash Flows. Introduction of methods used to interpret
financial statements.
The prerequisite for Accounting 202 is a grade of “C” or better in Accounting 201.
Overview of the course:
Accounting 202 is the second of three “transfer” accounting courses offered at Tacoma Community
College (Acct 201, Acct 202, and Acct 203). Accounting 201 and Accounting 202 focus on the preparation
of financial statements used by “external users” (investors, creditors, regulators, etc.) Accounting 202
specifically deals with partnerships and the corporate form of conducting business. Accounting 203
focuses on “internal users” (managers), cost determination, and accounting systems.
Degree Learning Outcomes:
Tacoma Community College has identified six college-wide learning outcomes that form the foundation of
our educational emphasis: 1) core of knowledge (COK), 2) communication (COM), 3) critical thinking &
problem solving (CRT), 4) information & information technology (IIT), 5) living and working
cooperatively (LWC), and 6) responsibility & ethics (RES).
Program Learning Outcomes:
Upon successful completion of the Associate in Business Degree and prerequisite courses for transfer to fouryear university Business Degree Programs, students will be able to:
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


Discriminate between different business forms and take into consideration the ethical and other constraints
of differing business structures in selecting the appropriate form to conduct a business enterprise.
Employ a group process to explain the relationship of supply and demand in assessing the impact these
factors have on the price of goods and services.
Using a wide variety of electronic tools, explain the differences between and the information
communicated on the balance sheet, income statement, and statement of owners’ equity when making
business decisions.
Interpret, analyze, and quantify business information.
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Course/Student Learning Outcomes:
Upon completion of this course, the student should be able to do the following:
a. Identify accounting principles and concepts.
b. Understand the purpose and function of generally accepted accounting principles.
c. Distinguish between short-term and long-term liabilities.
d. Understand composition of partnership and corporate equity.
e. Recognize how long-term investments are accounted for.
f. Demonstrate the use of ratio analysis in the interpretation of financial statements.
g. Effectively critique and prepare statements of cash flow.
Instructional methods:
Instructional methods include but are not limited to lecture, quizzes, homework, and examinations.
Textbooks and supplemental materials:
Principles of Financial Accounting: Wild et al, 21th edition, McGraw Hill / Irwin Publisher
with Connect Learning Program (Code included with the book in the bookstore). This is the same book and
code used for Accounting 201.
Supplies:
Students will need a calculator that adds, subtracts, multiples, and divides. The calculator feature of a cell
phone is not acceptable and can not be used during a quiz or examination. Each student should bring his
or her book and a calculator to class each day. Electronic dictionaries cannot be used during a quiz
or examination.
Assignments:
Answers to exercises can be found online. Exercises are not collected nor graded. However, the
completion of these exercises is directly correlated to your success in this course. Selected problems are
assigned as homework. These problems are graded online. Credit will not be given for late or missed
assignments. Total points for homework equals fifteen points (one point for each problem).
Evaluation criteria for tests, exams, projects and other assignments:
Quizzes will be taken on the scheduled day. Quizzes normally take between fifteen and thirty minutes to
complete. Credit cannot be made up nor will credit be given for missed or late quizzes. Quizzes cannot be
taken early. See daily outline for the date quizzes and examinations are tentatively scheduled. Quizzes
and or exams maybe objective, subjective, or a combination of both. Exams can only be rescheduled if the
student consults with the instructor prior to the scheduled examination.
Grading standards:
Your final grade will be determined on (1) homework problems, (2) quizzes, and (3) examinations.
Attendance will play a role in the determination of your final grade. Five absences will result in the
lowering of your final grade. Students missing more than ten days will fail the course. No specific notice
will be given to any student exceeding the allowable limits. See page 4 of this document, under classroom
policies, for withdrawal and incomplete grade information.
Students are responsible for all assigned reading and should be prepared to answer questions on the subject
matter contained in the chapter assigned. It is expected students will read each chapter.
Quizzes must be taken at the time scheduled. THERE ARE NO MAKEUP QUIZZES. Exams can only
be rescheduled if the student consults with the instructor prior to the scheduled examination. Missed exams
will be taken during finals week as part of the comprehensive final. Late assignments will receive zero
points.
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Final grades will be determined as follows:
11 Quizzes @ 5 points =
Drop 1 quiz
Exam # 1
Exam # 2
Exam # 3
Exam # 4
Exam # 5
Exam # 6
Final Exam (optional)
Homework
TOTAL POINTS
55
(5)
10
30
30
30
10
30
15
205
GRADE
A
AB+
B
BC+
C
CD+
D
DE
REQUIRED POINTS
185 - 205
180 - 184
175 - 179
165 - 174
160 - 164
155 - 159
145 - 154
140 - 144
130 - 139
125 - 129
120 - 124
0 - 119
Academic Dishonesty:
“As stated in the TCC catalog, ‘Students are expected to be honest and forthright in their academic
endeavors. Cheating, plagiarism, fabrication or other forms of academic dishonesty corrupt the learning
process and threaten the educational environment for all students.’’ The complete Administrative Process
for Academic Dishonesty is available on the TCC website at:
www.tacomacommunitycollege.com/stuonline/policies/start.htm
In this course, sanctions for academic dishonesty will be as follows: In the event a student is found to have
received or given help during a quiz or examination, or used outside materials, that student will receive a
failing grade in the course.
Accommodations for Disabilities:
Students with Special Needs: Students are responsible for all requirements of the class, but the way they
meet these requirements may vary. If you need specific auxiliary aids or services due to a documented
disability, please contact the Access Services office in Building 7 (253-566-5328). They will require you
to present formal, written documentation of your disability from an appropriate professional. When
this step has been completed, I can make arrangements for you to receive reasonable auxiliary aids or
services. The disability accommodation documentation prepared by Access Services must be given to me
before the accommodation is needed so appropriate arrangements can be made.
Classroom Policies:
(1) Attendance – see grading standards above
(2) Late work – no credit will be given for late or missed assignments.
(3) Withdrawals – While faculty permission is not required, a completed add/drop form must be submitted
to Registration/Records to complete drops from the 11 th instructional day through the 55th calendar day
of the quarter. The instructor must sign the add/drop form acknowledging the
withdrawal. If your instructor is not available, the signature of a full-time advisor in the Advising
Center is an acceptable substitute.”After the 55th day of the quarter you must be passing the course to
receive a withdrawal (WI). Students that do not officially withdraw from the course will receive the
grade they earned based on the standard listed under grading standards.
(4) Incomplete Grades – An incomplete will only be granted if the student has completed 60 percent of the
course work by the end of the quarter. To receive an incomplete, the student must inter into an
agreement to complete the remaining course work during the following year. Failure to complete the
work will result in an “E” grade.
(5) Cell Phones - Please mute or turn off cell phones and /or beeper before entering the classroom.
(6) Food / Beverages - No Food or beverages in classroom
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Etiquette for Classroom Concerns/Dispute Resolution:
If you have questions or concerns about this class or me, please come to talk with me about your concerns.
If we are unable to resolve your concerns, you may talk next with the Academic Services Dean in Building
18, Charlie Crawford at 566-6005. Dr. Crawford can assist with information about additional steps, if
needed.
Tutoring Center:
TCC Business Education Center (“the BEC”) is located in 16-308, in a space with the Professional Skills
Center. The BEC can help students with accounting, statistics, economics, business algebra, and
business calculus, as well as other business courses at no cost to the student. Students should make an
appointment. However, help is available on a drop in basis. We are very lucky to have this resource,
please use it for any of your business related questions. Remember, your instructor is available to help you
during office hours and by appointment.
Course calendar:
“This syllabus and tentative schedule are subject to changes. If you are absent from class, it is your
responsibility to check on announcements made while you were absent.”
March
April
May
Introduction
Chapter 11 – Current Liabilities
Chapter 11 – Current Liabilities
Quiz # 1 (Warranty Liability)
Exam # 1
6
7
8
9
10
Chapter 12 - Partnerships
Chapter 12 - Partnerships
Chapter 12 - Partnerships
Chapter 12 - Partnerships
Quiz # 2 (Profits/Losses)
11 Chapter 14 – Bonds
12 Chapter 14 – Bonds
13 Quiz # 7 (Bond Amortization)
14 Review Handout
15 Exam # 4
13
14
15
16
17
Chapter 12 - Partnerships
Quiz # 3 (Liquidation)
Review Handout
Exam # 2
Chapter 13 - Corporations
18 Chapter 15 - Investments
19 Chapter 15 - Investments
20 Quiz # 8 (Investment Classifications)
21 Review Handout
22 Exam # 5
20
21
22
23
24
Chapter 13 - Corporations
Chapter 13 - Corporations
Chapter 13 - Corporations
Quiz #4 (Formation)
NO CLASS
25 NO CLASS
26 Chapter 16 – Statement of Cash Flow
27 Chapter 16 – Statement of Cash Flow
28 Quiz # 9 (Sections of Cash Flows)
29 Chapter 16 – Statement of Cash Flow
27 Chapter 13 - Corporations
28 Chapter 13 - Corporations
29 Quiz # 5 (Shareholders Equity)
30 Review Handout
1
Exam # 3
May
June
4
5
6
7
8
Chapter 14 – Bonds & Present Value Tables
Chapter 14 – Bonds & Present Value Tables
Quiz # 6 (Present Value)
NO CLASS
Chapter 14 – Bonds
30
31
1
2
3
1
2
3
4
5
Quiz # 10 (Indirect Cash Flow)
Chapter 16 – Statement of Cash Flow
Quiz # 11 (Direct Cash Flow)
Review Handout
Exam # 6
8
Chapter 17
9-12 Final Exams (Comprehensive)
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