Welcome to
Metropolitan Community College
Syllabus
Accounting 2
MAL Course ID: XL0O-F11N-101Y-2K72
(This elliptical "0" is a zero)
ACCT 1110 – 8A
4 Credits
Summer Quarter 2010
First Day of Class
June 6, 2011
Last Day of Class
August 15 2011
Last Day to Withdraw August 1 2011
Delivery Type
Internet Class
Instructor: Bill Jefferson
METHODS OF CONTACTING INSTRUCTOR:
Voice mail
402-738-4525
Toll free number:
(800) 228-9553
(Use the toll free number only during instructor's MCC office hours. Identify yourself as an
online student and give the operator your instructor's MCC office number)
Email: The Angel mail tool should be used to direct questions, concerns, and personal
communication with your instructors. If you are having difficulty with Angel and you need to
contact the instructor, use these alternate email addresses:
Response Time: Your instructors will usually respond within 48 hours to questions posed by
students.
TECHNOLOGY SUPPORT:
The computer you use for MCC online courses must be able to run one of the ANGELcompatible web browsers listed on the Browser Support Page:
http://www.mccneb.edu/online/browsers.asp.
Your computer hardware, operating system, browser, and peripherals should
accommodate reasonable access speed to the Internet, support JAVA and frames, and
display a minimum of 256 color. Information on which web browsers are supported by
Angel can be found on the Browser Support Page:
http://www.mccneb.edu/als/onlinesupport.htm
Log in: http://online.mccneb.edu to access the Angel learning platform
Log in: myaccountinglab.com to access the Publishers website.
If you have difficulty connecting to the Internet contact your Internet Service Provider.
If you are unable to solve the problem call Metro Online Support:
Chuck Davis (402) 457-2866 or e-mail cwdavis@mccneb.edu
Curtis Bryant (402) 457-2853 or e-mail cebryant@mccneb.edu
TECHNOLOGY RESOURCES:
By using the information technology systems at MCC (including the computer systems and
phones), you acknowledge and consent to the conditions of use as set forth in the Metropolitan
Community College Procedures Memorandum on Acceptable Use of Information Technology
and Resources. It is your responsibility as a student to be familiar with these procedures. The full
text of the Procedures Memorandum may be found at the following website:
http://www.mccneb.edu/procedures/X-15_Technology_Resources_Use.pdf.
SOFTWARE/FILE SUBMISSION REQUIREMENTS:
Metropolitan Community College uses Microsoft products as part of its standard software and
encourages students to do the same. You may save word-processed documents for file
attachments in Microsoft Word .doc or .docx format. If your software does not allow either of
these, then save files in Rich Text Format (.rtf).
Course Information
COURSE DESCRIPTION:
This is the second of three accounting courses. The course content includes both current and
long-term assets, current and long-term liabilities, components of stockholders’ equity, the
corporate income statement, statement of cash flows and financial statement analysis. Real
world illustrations are incorporated reflecting current relevant business practices and applications
of accounting principles.
COURSE PREREQUISITES:
Students must have the following skills:
1. Completion of Accounting 1 or equivelent
2. Demonstrated skills using a word processing program.
3. The ability to navigate and use a browser as well as execute searches on the Internet is
necessary.
COURSE OBJECTIVES:
Upon completion of this course, the student will demonstrate competency in the following:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Identify and define accounts and notes receivable and demonstrate the accounting procedures
related to receivables.
Define and identify plant assets, natural resources, intangibles and demonstrate the accounting
procedures related to the accounting for plant assets, including acquisition, depreciation and
disposal.
Identify and demonstrate accounting procedures for current liabilities, payroll and
payroll taxes.
Describe bonds payable and journalize related transactions, distinguishing between bond
discount and premium.
Describe the corporate form of business organization, the components of stockholders’
equity and journalize related transactions; account for cash dividends and capital stock
transactions.
Identify and give details on items affecting a corporate income statement, account for
corporate income taxes, prepare the income and stockholders’ equity financial statements,
and distinguish between stock dividends and stock splits.
Prepare a statement of cash flows, clarifying the types of activities reported on the
statement.
Demonstrate knowledge in evaluating financial performance using various financial
ratios, analytical tools and techniques.
Define IFRS and recognize its future importance
REQUIRED/SUPPLEMENTAL MATERIALS:
Textbook and other print materials can be purchased through the South Omaha Campus
bookstore.
Bookstore Phone: (402 ) 738-4508
Shop Online:
http://shop.efollett.com/htmlroot/storehome/metropolitancommunitycollege141.html
1. Textbook: Accounting 8th edition, Horngren/Harrison authors, Required.
2. Myaccountinglab.com access code (Comes bundled with a new book purchased at
the Metro Bookstore. Required.
(If you purchased your test somewhere other than the Metro Bookstore, you can buy an
access code on-line as part of the registration process)
Instructor Responsibilities
METHODS OF INSTRUCTION:
Online Courses are equivalent to traditionally taught college courses and meet the same criteria
for academic rigor and qualified faculty. Students complete the course by reading the text,
completing online assignments and communicating with instructors via phone, mail, optional
campus visits or e-mail. Students also will interact with other students through the use of the
Angel Discussion and Mail tools.
METHODS OF ASSESSING STUDENT PROGRESS:
Your grade will be based on online assignments, quizzes, and test; and active participation online
with other students.
Course Structure and Assessment
Each student must:
Using Myaccountinglab.com software, Complete seven graded assignments - one for
each chapter. (Total Points 190)
Using Myaccountinglab.com software, Complete seven graded quizzes' - one for each
chapter. (Total Points 70)
Using Myaccountinglab.com software, Take four exams. (Total Points 400)
Using Angel, Participate in Course Discussions posting at least 8 quality questions and/or
answers. (Total Points 40)
Total of above points = 700
Extra Credit: There are 69 Extra credit points for completing sample problems.
Extra credit points can offset points lost on assignments, quizzes, and tests.
Grades will be based on the following scale:
A - 630 -700
points
B - 560 - 629
points
C - 490 - 559
points
D -420 - 489
points
F - Below 420
points
90%
80%
70%
60%
Below 60%
TESTS: There will be four objective/problem oriented exams. These exams will be taken
online within the Myaccountinglab.com web site. Exams will be available 10 days before the
due date. Exams must be taken by the due date as listed on the Course calendar within Angel
or Myaccountinglab.com. The first 3 exams are limited to 135 minutes each. The Final Exam
has a 150 minute time limit. The computer will post exam grades shortly after you take the
exam. Details as to which questions were missed won't be released until after the deadline
for taking the exam has passed. If you miss an Exam, the instructor may allow you to take
the exam late. There are no extensions possible on the last exam. An individual student
should not expect to receive more than one extension.
ASSIGNMENTS: There are graded assignments and quizzes for each chapter.
Assignments should be completed by the indicated due dates. No assignments are accepted
after the last day of the course. Discuss assignment issues with the instructor. If you miss an
assignment or quiz, the instructor may allow you additional time. There are no extensions
possible on the last set of assignments. An individual student should not expect to receive
more than one extension.
COURSE MODIFICATIONS
Check the Course Calendar in Angel frequently. I will post reminders for exams and due
dates for the assignments and quizzes. Occasionally, due dates for assignments are
changed - changes will be posted on the home page of Angel.
MAINTENANCE OF STUDENT RECORDS:
The instructor will keep a record of exam grades and assignment grades for one year.
STUDENT EXPECTATIONS:
Read and study the textbook, use supplements as desired. Read and study the text
material for each section. Take notes for yourself as you go outlining important ideas and
examples.
View the video tutorials for each chapter
Review the narrated audio Power Point presentations for each chapter
Keep in touch with your instructor and your classmates you are encouraged to be
touch with the instructor by telephone and Internet as deemed necessary. Your instructor
is available for several hours on campus during the week. You may drop in or call in
during that time. See Section I of this syllabus.
Work through the DemoDocs for each chapter
Use the Discussion tool to post questions and answer questions posed by other students.
Take advantage of this opportunity to interact with classmates.
Use the Mail tool to interact with your instructor and fellow students one-on-one.
Complete assignments and quizzes for each chapter.
Tests must be taken online during or by the time periods listed in the schedule
Keep in touch with your instructor and classmates.
COURSE COMMUNICATION:
You have two recommended communication tools available within your course: the discussion
feature, and email feature (not a global Internet email but an email that is unique to the course).
Use the communication tools to ensure contact with the instructor and with other students. For
direct communication with the instructor, always use the email feature in the Angel
program.
When you communicate with others in this course, you must follow the Student Code of Conduct
(http://www.mccneb.edu/catalog/studentinformation.asp), which calls for responsible and
cooperative behavior. Please think critically, ask questions, and challenge ideas, but also show
respect for the opinions of others, respond to them politely, and maintain the confidentiality of
thoughts expressed in the class. You may also wish to review information at
http://www.albion.com/netiquette/.html.
PROGRAM AREA SUPERVISOR IDENTIFICATION:
The Program Area Supervisor is the person to contact with questions or problems which
the instructor is not able to resolve to the students satisfaction
Dean of Business: Daryl Hansen
Location: South Omaha Campus
Phone: (402) 738-4003
College policies, such as student rights and responsibilities, academic standards, plagiarism,
and etc. are outlined in the College Catalog and Student Handbook. This information can be
accessed via the online catalog at http://www.mccneb.edu/academics/catalog.asp.
ATTENDANCE/PARTICIPATION POLICY:
WX: After the first class meeting and through the Census Date, the instructor will disenroll
(WX) students who have never attended. The Census Date is listed under the Important Dates for
the course in the official Class Schedule at http://www.mccneb.edu/schedule/.
FX: A student who fails to meet class attendance expectations will receive a final grade of FX,
indicating an absence-related failure. A student earning an FX grade prior to the end of the
quarter may avoid receiving the failing grade by withdrawing from the course before the Last
Date to Withdraw from Class.
STUDENT WITHDRAWAL:
If you cannot participate in and complete this course, you should officially withdraw through
WebAdvisor at http://webadvisor.mccneb.edu or by calling Central Registration at 402-457-5231
or 1-800-228-9553. Failure to officially withdraw will result in either an attendance-related
failure (FX) or failing (F) grade. The last date to withdraw is noted in the CLASS
IDENTIFICATION section of this syllabus.
Disenrollment Students who attend no class meetings up to and including the Section Census
Date published in the Class Schedule at www.mccneb.edu/schedule/ may be disenrolled from the
class. There is no appeal for this disenrollment.
Student Code of Conduct The college has a standard code of conduct that involves
consequences for specific academic and non-academic behavior that may result in a failing
grade, probation, or suspension from the college. More complete information about the code of
conduct is located in the Student Services portion of the online catalog
(http://www.mccneb.edu/catalog/studentinformation.asp).
ACADEMIC HONESTY STATEMENT:
Students are reminded that materials they use as sources for classwork may be subject to
copyright protection. Additional information about copyright is provided on the library website
at http://www.mccneb.edu/library or by your instructor. In response to incidents of student
dishonesty (cheating, plagiarism, illegal peer-to-peer file sharing, etc.), the College imposes
specific actions that may include receiving a failing grade on a test, failure in the course,
suspension from the College, or dismissal from the College. Disciplinary procedures are
available in the Advising/Counseling Centers or at http://www.mccneb.edu/procedures/V4_Student_Conduct_and_Discipline.pdf.
Course Schedule
Due Dates for Exams & Assignments
1. Chapter assignments, extra credit sample assignments, and quizzes are always due on Thursdays.
Chapter assignments, extra credit sample assignments, and quizzes are available and
can be completed any time prior to their due date. Assignments and quizzes are time
consuming – start assignments and quizzes far ahead of the due dates.
2. Exams are always due on Sundays. Exams become available 10 days prior to their due date
and can be taken anytime during the 10-day availability period. (Because of the Holiday
Season Exam 1 is available 16
days before the due date)
Week #
Due Date
Chapter
1. June 6 -12
Chapters 8 & 9
Test or Assignment
Read the Syllabus and Start the course with Chapters 8 & 9
Prepare and Post in Angel your
introductory posting.
2 June 13 -19
Chapter 8 & 9
June 16
4 June 20 - 26
Chapters 8 & 9
Homework and Quizzes for Chapters 8 & 9 are due
June 26
Chapters 8 & 9
Discussion Postings for Chapter 8 & 9 are due
Exam 1 over chapters 8 & 9 is due
Chapter 10
Work on Assignments
July 7
Chapter 10
Homework & Quiz for Chapter 10 is due
July 10
Chapter 10
Discussion Posting for Chapter 10 is due
Exam 2 over chapters 10 is due
Chapters 11 & 12
Work on Assignments
Chapters 11 & 12
Work on Assignments
July 28
Chapter 11 & 12
Homework & Quizzes for Chapters 11 & 12 are due
July 31
Chapter 11 & 12
Discussion Postings for Chapter 11 & 12 are due
Exam 3 over chapters 11 & 12 is due
Chapters 13 & 14
Work on Assignments
7 July 11 - 17
8
July 18 - 24
9 July 25 - 31
10 August 1 - 7
Due Date for Introductory Posting in Angel
June 23
5 June 27 July 3
6 July 4 10
Work on Assignments
11 August 8 - 14
August 11
August 14
August 15
Chapters 13 & 14
Homework & Quizzes for Chapters 13 & 14 are due
Chapters 13 & 14
Discussion Postings for Chapter 13 & 14 are due
Exam 4 over chapters 13 & 14 is due
This day will only be used for follow-up communication.
2011 Summer Quarter Important Dates
Classes begin for 10-week and first 5-week sessions .................................................. June 6 M
Independence Day Recess (College Closed………………………………………………………………………July 4 M
Classes End for first 5-week sessions .......................................................................... July 11 M
Classes Begin for second 5-week sessions ................................................................... July 12 T
Student Withdrawal Deadline to drop a class ......................................................... Varies by class*
Spring Term Incomplete “I” Grades Due ........................................................................ August 3 W
Classes end for second 5-week and 10-week sessions ........................................... August 15 M
All Final summer grades due and posted to WebAdvisor by 11:59 p.m. ………………….August 17 W
*To view the Last Day for a student to withdraw “drop” a class; go to the class schedule found
on line at http://www.mccneb.edu/schedule/classschedule.asp. Then, find the course section
and click on the Important Dates link on the same line as the course title. The refund/withdraw
dates for each course section are automatically calculated based on the start and end dates and
the number of sessions for a course. A student must withdraw by this date to avoid being
assigned a grade of “F”.
REFUND POLICIES for Credit Courses
A student is responsible for withdrawing “dropping” from a course(s) if unable to attend. Nonattendance or non-payment does not relieve a student from the obligation to pay. To withdraw
“drop” from a course, log on to WebAdvisor https://webadvisor.mccneb.edu and click
“Register and Drop Sections”.
An official schedule change that reduces or terminates a student’s academic credit load may
entitle the student to a refund. The eligibility and amount of a refund is automatically
calculated by the date of the withdrawal. A student may see the refund percentage received
through midnight of the same day by logging into WebAdvisor and clicking on the Tuition
Refund Calculator. Note: Schedule changes may have implications for students on Financial
Aid. Check with the Financial Aid Office prior to any schedule changes at 402-457-2330.