PRINCIPLES OF ACCOUNTING II
ACCOUNTING 2292
SPRING, 2013
SECTION TEAB
* THE FINAL EXAM IN THIS COURSE WILL COVER PRINCIPLES OF
ACCOUNTING I (2291) AS WELL AS PRINCIPLES OF ACCOUNTING II (2292)
THIS WILL BE THE CASE REGARDLESS OF WHO YOUR TEACHER IS,
REGARDLESS OF WHICH CAMPUS YOU ATTEND, OR IF YOU TAKE THE
COURSE ONLINE.*
*THE LAST DAY TO DROP A COURSE IS MARCH 18. AFTER THIS DATE
YOU WILL RECEIVE WHATEVER GRADE YOU HAVE EARNED. GRADES
OF D/P AND D/F WILL NO LONGER BE GIVEN. THIS POLICY APPLIES TO
EVERY CLASS TAUGHT AT TROY UNIVERSITY.
* THE FINAL EXAM IN THIS COURSE IS SCHEDULED FOR TUESDAY, MAY
7 @ 8:00 A.M. IT MAY BE NECESSARY TO CHANGE THIS DATE. DO NOT
BUY PLANE TICKETS TO CHINA OR ANYWHERE ELSE UNTIL THE DATE
HAS BEEN FINALIZED.
Instructor:
Office Hours:
Office Location:
Office Telephone
Email
Time of class
Class Location:
Prerequisites :
Course Description
Objectives
Lee Daniel
TUES 8:30 until 11:00; THURS 8:30 until 11:00; FRI 12:00 until 5:00
120 Bibb Graves
334-670-3158
334-670-3136 Secretary
334-670-3592 FAX
ldaniel@troy.edu
11:00 until 11:50 MWF
BG 201
Accounting 2291 (Must have made at least a grade of “C”)
Modern financial and managerial accounting theory and practices
applied to an organization’s liabilities, cash flows, planning, budgeting
and control.
This is the second course in a series which discusses introduction to the use,
preparation, and interpretation of accounting information found in financial
and operating statements. The purpose is to establish an understating of how
accounting relates to and reports on business activities from a financial and
managerial accounting perspective.
After successfully completing the course, students should be able to:
1. Account for equity transactions
2. Analyze and evaluate the income statement, balance sheet, and statement
of cash flow
3. Record, analyze, and evaluate bonds.
4. Analyze cost behavior and cost-volume-profit relationships.
5. Record, analyze, and evaluate job order and process costing systems
6. Prepare static and flexible budgeting systems.
7. Analyze performance evaluations using variances from standard cost.
Purpose
Text:
To enhance understanding of how basic financial transactions are
recorded and analyzed and how accounting information is used
in planning and control. Core requirement for all undergraduate
business programs.
Accounting by Warren, Reeve and Duchac 24th edition
Published by Southwestern. .This is the same book you used in
Principles 1. It is available in either hardback or paperback. The
content is the same so it does not matter which version you have.
ADDITIONAL SERVICES
AMERICANS WITH DISABILITIES ACT
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/ADAPolicy2003.htm
CELL PHONE AND OTHER ELECTRONIC DEVICE
Use of any electronic devise by students in the instructional environment is prohibited
unless explicitly approved on a case-by-case basis by the instructor of record or by the
Office of Disability Services in collaboration with the instructor. Cellular phones, pagers,
and other communication devices may be used for emergencies, however, but sending or
receiving non-emergency messages is forbidden by the University. Particularly, use of a
communication device to violate the Troy University “Standards of Conduct” will result
in appropriate disciplinary action (See the Oracle.)
In order to receive emergency messages from the University or family members, the call
receipt indicator on devices must be in the vibration mode or other unobtrusive mode of
indication. Students receiving calls that they believe to be emergency calls must answer
quietly without disturbing the teaching environment. If the call is an emergency, they
must move unobtrusively and quietly from the instructional area and notify the instructor
as soon as reasonably possible. Students who are expecting an emergency call should
inform the instructor before the start of the instructional period.
ATTENDANCE POLICY
Attendance will be taken at each class meeting, but will not count any part of the course
QUIZZES
There will be many, many short quizzes (10 -15 minutes) given in this course. These
quizzes will not be announced in advance. Quizzes of this nature are often called POP
quizzes. If you do not take a quiz, (regardless of the reason) you get a zero. THERE IS
NO SUCH THING AS A MAKE UP QUIZ. You will be allowed to drop three quiz
grades. If you miss a quiz, the zero you get on that quiz will be one of your three drop
grades.
INCOMPLETE WORK POLICY
The only time this policy is needed is if you don’t show up for the final exam. If you
don’t take the final exam, regardless of the reason, you will receive an “F” in the course
rather than an Incomplete. However, when you do take the final exam, the “F” will be
changed to whatever grade you made.
CHEATING POLICY
The cheating policy is very simple. If you are caught cheating, you FLUNK THE
ENTIRE COURSE. There is no such thing as a second chance. Cheating is cheating
whether it is “just a quiz”, the final exam or anything in between.
OTHER INFORMATION
Over the years, many students have done poorly in this course because they didn’t read
the syllabus and therefore didn’t know the rules. For example, some students didn’t
know that the final exam covered two courses. Other students didn’t know that they were
allowed to use calculators on the exams. In an attempt to motivate you to read this
syllabus, all of the exams will contain at least one question from this syllabus.
MAKE UP EXAMS/QUIZZES
Good excuse, bad excuse, or no excuse at all, THERE IS NO SUCH THING AS A
MAKE UP. If you miss an exam, regardless of the reason, the grade you make on the
final exam will be your grade for the exam that was missed. If you miss a quiz, regardless
of the reason, you get a zero.
Chapter 12
Chapter 13
Chapter 14
Chapter 16
Chapter 17
Chapter 18
Chapter 19
COURSE CONTENT
Accounting for Partnerships and
Limited Liability Corporations
Corporations: Organization, Capital Stock Transactions
and Dividends
Long Term Liabilities: Bonds and Notes
Statement of Cash Flow
Financial Statement Analysis
Managerial Accounting Concepts
Job Order Costing
Chapter 20
Chapter 21
Chapter 22
Chapter 23
Process Cost Systems
Cost Behavior and Cost Volume Profit
Budgeting
Performance Evaluation Using Variances from
Standard Costs
CLASSROOM ADMINISTRATION
1. Please get to class on time. People who come in late disturb everyone in the class.
2. PLAIN ‘OL CALCULATORS ARE THE ONLY MECHANICAL DEVICES
ALLOWED ON EXAMS. TRANSLATING DEVICES (ELECTRONIC
DICTIONARIES) ARE NOT ALLOWED. CELL PHONES ARE NOT
ALLOWED
3. If you are a business major, you must make at least a “C” in the course or it will
have to be repeated.
4. The classroom is not a lunchroom. Please do not plan on having lunch (or breakfast) in
here because the noise disturbs other people. If you just have to bring a beverage in here,
please make sure it is in either a can or a bottle. Drinks that are in a cup full of ice
make a lot of noise, so please don’t bring either ice cups or food in here.
5. You are not required to take the first three exams. They are optional. However, if
you miss an exam, regardless of the reason, the grade you make on the final exam
will be your grade for the exam you missed. If you choose to take an exam and do
poorly, don’t ask if we can “forget” about that grade and let the final count extra.
The answer to that question is NO.
6. THERE IS NO SUCH THING AS A MAKE UP EXAM
7. THERE IS NO SUCH THING AS EXTRA CREDIT
8. You will be allowed to drop your three (3) lowest quiz grades. If you miss a quiz
(regardless of the reason) that will be one of your three drop grades.
9. You cannot drop an exam grade.
DATES TO REMEMBER
First Day of Class ………………………… January 9
Holiday (King’s Birthday) ………………… January 21
Spring Break ………………………………..March 11-17
*LAST DAY TO DROP*...........................*MARCH 18*
Last Day of Class …………………………. April 30
Dead Day
*NO CLASS*
May 1
FINAL EXAM ………………………… TUESDAY, MAY 7 @ 8:00 A.M.
THIS DATE IS TENTATIVE. IT MAY
BE NECESSARY TO CHANGE.
GRADING
Three exams @200 points each …………… 600 points
Quizzes ………………... ………………….. 150 points
COMPREHENSIVE Final Exam …………… 250 points
Total points ………………………….. 1000 points
Total Points
1000-900
899-800
799-700
699-600
Less than 600
Grade in Course
A
B
C
D
F
School of Accountancy Mission Statement: The mission of the School of Accountancy
is to advance the accounting profession by providing quality accounting education to both
undergraduate and graduate students, publishing quality research and providing service to
the professional community. We prepare students for successful careers with increasing
professional and managerial responsibility in public accounting as well as government
and industry and prepare undergraduate students for admission to graduate programs in
accounting and business.
SCOB Mission Statement
The Sorrell College of Business supports the Troy University mission by preparing our
diverse student body to become ethical professionals equipped to compete in the global
business environment. To achieve this, our faculty, staff, and administration will:
1) provide quality education in global business through our undergraduate and
graduate programs, delivered around the world through face-to-face and online
environments, to traditional, non-traditional, military, and international students;
2) contribute to the development and application of knowledge focused on applied
business, learning, and pedagogical research;
3) provide service to the University, business and professional organizations, and our
communities through individual involvement, business outreach, and our centers
for research.
SCOB Value Statement
The Sorrell College of Business will be a recognized and respected leader for quality and
flexibility in the delivery of business education that prepares graduates to succeed in the
global business environment.
Troy University Mission Statement: Troy University is a public institution comprised of a
network of campuses throughout Alabama and worldwide. International in scope, Troy
University provides a variety of educational programs at the undergraduate and graduate levels
for a diverse student body in traditional, nontraditional and emerging electronic formats.
Academic programs are supported by a variety of student services which promote the welfare of
the individual student. Troy University's dedicated faculty and staff promote discovery and
exploration of knowledge and its application to life-long success through effective teaching,
service, creative partnerships, scholarship and research.