TROY UNIVERSITY
SORRELL COLLEGE OF BUSINESS
Principles of Accounting II
ACT 2292 TBWA
Summer 2011
Instructor:
Dr. Eddy J. Burks, DBA, CPA
Office Hours:
Office Location:
Office Phone #:
Instructor Email:
Classroom Location:
Class Time:
Prerequisites:
M-TH 8:30-10:30 W 3:30-5:30
McCartha 201
334-670-3149
eburks@troy.edu
GAB 101
MTWTH 10:30-12:50
ACT 2291
Description
Modern financial accounting theory and practices applied to sole proprietorships, partnerships,
and corporations.
PurposeTo enhance understanding of how basic financial transactions are recorded and
analyzed. This class is a core requirement for all undergraduate business programs.
Objectives
On completion of the course, the student should be able to:
1. Describe how accounting transactions are recorded.
2. Discuss the operating, financing, and investing activities of business entities.
3. Explain how accounting transactions flow through general-ledger accounts and financial
statements.
TEXTBOOK(S) AND/OR OTHER MATERIALS NEEDED
You should already have a book that you used in ACT2291 principles of accounting. You may already
have the access codes to CengageNow. Continue using them.
ACT 2292 XTIH, Accounting (Custom Package), Warren, Carl S., 23RD 09, 0-538-77505-X, SouthWestern Publishing Co
Here is the direct link for students to purchase their CengageNOW access
code:
Warren Accounting 23e: www.cengage.com/ichapters/tucnowbb2
Students can also go to www.ichapters.com
CENGAGENOW online homework system for Blackboard is used in this course. You will need an access
code. This access code is packaged with the textbook from Troy University Bookstore. Do not
misplace this code. If you purchase a USED text you will need additional materials. Students who
do not purchase the required bundle from MBS will be required to purchase the access code for
CengageNOW separately.
Students should have their textbook from the first week of class. Not having your textbook will not be
an acceptable excuse for late work. Students who add this course late should refer to the “Late
Registration” section for further guidance.
Required: CengageNOW.
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Grading Methods:
Test 1
Test 2
100 points
100
COMP
FINAL
200
90%-100%
80%-89%
70%-79%
60%-69%
below 60%
A
B
C
D
F
QUIZZES 100
Homework100
Total
600 points
Examinations: Tentative examination dates are indicated on the syllabus. More information on
the content and format of the exams will be provided as the material is covered in class. The
tentative format for each exam includes multiple-choice and problems. If an exam is missed a
comprehensive final must be taken at the end of term. A grade of zero will be recorded for the
second missed exam.. Programmable calculators (those that store text) are not permitted on the
exams. Calculators without text storage capability are allowed.
Homework: Complete homework in CengageNow. It is automatically graded.
Class Procedure:
Class will be a mixture of lecture and student discussion. Student participation in the class
discussion is strongly recommended and encouraged as a vital part of the learning process. It is
the instructor’s opinion and recommendation that students should spend at least 10-15 hours per
week preparing for this class. Students should read the appropriate chapter prior to coming to
class.
Attendance Policy:
In registering for classes at the University, undergraduate and graduate students accept
responsibility for attending scheduled class meetings, completing assignments on time, and
contributing to class discussion and exploration of ideas. If a student does not attend class
during the first two weeks (first 14 calendar days) of the semester, and does not give prior
notification to the instructor of reasons for absence and intent to attend the class, the student will
be required to drop the course. It is the responsibility of the student to drop the course or to
withdraw from the University according to University policy.
A faculty member may excuse absences and allow students to make up work if the
faculty member deems the absence legitimate. A faculty member is not expected to provide
make-up opportunities for a student without a legitimate excuse. Official excuses are granted by
the office of the Executive Vice Chancellor and Provost for authorized University activities, and
must be honored by the faculty.
Students receiving financial aid benefits are required to attend classes according to the
regulations for financial aid benefits in addition to those regulations required for the course. (See
the Oracle.)
Inclement Weather and Emergency Situations: Both faculty and students are responsible
for meeting all assigned classes. In the event of inclement weather, faculty and students will be
expected to attend classes as usual as long as they may do so without risking peril to themselves
or to others. During periods of inclement weather, faculty and students will not be penalized for
3
absences dictated by perilous conditions. In severe cases of inclement weather or other
emergency conditions, the University will announce cancellation of classes through the local and
regional media as well as through the University’s web site. The cancellation announcement
may be specific to Alabama campuses or national or international
sites across the University.
Policies and Procedures for Disability Services
Troy University supports Section 504 of the Rehabilitation Act of 1973 and the Americans with
Disabilities Act of 1990, which insure that postsecondary students with disabilities have equal
access to all academic programs, physical access to all buildings, facilities and events, and are
not discriminated against on the basis of disability. Eligible students, with appropriate
documentation, will be provided equal opportunity to demonstrate their academic skills and
potential through the provision of academic adaptations and reasonable accommodations.
Further information, including appropriate contact information, can be found at the link for Troy
University’s Office of Human Resources at http://www.troy.edu/humanresources/index.html.
Academic Misconduct/Plagiarism Statement:
(taken from Oracle Student Handbook)
By enrollment at the University, a student or organization neither relinquishes rights nor escapes
responsibilities of local, state, or federal laws and regulations. The “STANDARDS OF
CONDUCT” are applicable to behavior of students and organizations on and off the university
campus if that behavior is deemed to be incompatible with the educational environment and
mission of the university. A student or organization may be disciplined, up to and including
suspension and expulsion, and is deemed in violation of the “STANDARDS OF CONDUCT”,
for the commission of or the attempt to commit any of the following offenses:
1. Dishonesty, such as cheating, plagiarism or knowingly furnishing false information to
the University, faculty or other officers or employees of the University.
2. Forgery, alteration or misuse of university documents, records or identification.
For full list of offenses please see the Student Handbook (Oracle)
Other Information:
As deemed appropriate will be provided by the instructor.
ACT 2292
Chapter 12
Chapter 13
Principles of Accounting II
Course Outline
Accounting for Partnerships and Limited Liability Companies
self exam questions 1-5
Exercises:
1,3,5,10,12,16,17,19,21
Corporations: Organization, Capital Stock Transactions, and Dividends
self exam questions 1-5
Exercises:
2,4,6,9,13,15,16,19,22,24,25
Chapter 14
Bonds Payable and Investments in Bonds
self exam questions 1-5
Exercises:
1,3,4,5,8,10,12,15,19
Chapter 16
Statement of Cash Flows
self exam questions 1-5
4
Exercises:
Chapter 17
2,4,6,8,10,15,17,19,22
Financial Statement Analysis
self exam questions 1-5
Exercises:
2,3,5,6,8,13,15,17,19,21
Chapter 18
Introduction to Managerial Accounting
self exam questions 1-5
Exercises:
1,3,5,9,11,13,15,17
Chapter 19
Job Order Costing
self exam questions 1-5
Exercises:
2,4,6,8,10,12,14,16
Chapter 20
Process Cost Systems
self exam questions 1-5
Exercises:
5,7,8,10,12,14,16
Chapter 21
Cost Behavior and Cost-Volume-Profit Analysis
self exam questions 1-5
Exercises:
1,2,5,6,7,10,11,13,15,24,25
Chapter 22
Budgeting
self exam questions 1-5
Exercises:
Chapter 23
2,3,5,7,9,11,14,15,17
Performance Evaluation Using Variances from Standard Costs
self exam questions 1-5
Exercises:
1,3,5,7,12,13,15
Note: This outline is intended to be minimum coverage of concepts. Other concepts may be
covered at the instructor’s discretion.
Dates: June 22 first day of class
June 29
Exam 1 chapters 12,13,14
July 14
Exam 2 chapters 16,17,18,19,20,21
July 20
June 22
23
27
28
29
Comprehensive Exam chapters 1 – 23 (last day of class)
Chap 12
chap12/13
chap 13/14
chap 14
Exam1
5
July
5
chap 16
6
chap17
7
chap 18
11
chap 19
12
chap 20
13
chap 21
14
Exam 2
18
chap 22
19
chap 23
20
Comprehensive Final