TROY UNIVERSITY
SORRELL COLLEGE OF BUSINESS
Principles of Accounting II
ACT 2291 TOWA
SPRING 2011
Instructor:
Dr. Eddy J. Burks, DBA, CPA
Office Hours:
Office Location:
Office Phone #:
Instructor Email:
Classroom Location:
Class Time:
TTh 9:45-11:30 W 8:30-3:00
McCartha 201
334-670-3149
eburks@troy.edu
GAB 301
TT 8:30-9:45
Prerequisites:
sophomore standing
Description
Modern financial accounting theory and practices applied to sole proprietorships, partnerships,
and corporations.
Purpose
To 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.
Text
Warren, C. S., Reeve, J. M., & Duchac, J. E. (2009). Accounting (23rd Ed.). Mason, OH:
Thomson/South-Western. Accounting package with Cengage Access Code
Bundle ISBN: 053877505X
Other Materials Needed:
Test 1
100 points
Test 2
100
Test 3
100
Quizzes 100
Homework 100
Comp Final 200
Total
700 points
Pencils, Paper, Calculators, Grading Methods:
90%-100%
80%-89%
70%-79%
60%-69%
below 60%
A
B
C
D
F
2
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 the
comprehensive final will count twice. 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
Cengage Now. Access through Blackboard. No late homework accepted.
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
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.
3
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 2291
Principles of Accounting I
Course Outline
Tentative Schedule:
Date
Problems
Topic
6
Introduction
11
Chapter 1
basic accounting equation
13
18
Chapter 1
Chapter 2
20
Chapter 2
25
Chapter 3
27
Chapter 3
basic accounting equation
journalize, general ledger, trial
balance
journalize, general ledger, trial
balance
adjusting entries, adjusted trial
balance
adjusting entries, adjusted trial
balance
January
February
1
TEST 1
homework due
3
Chapter 4
8
Chapter 4
10
Chapter 5
15
Chapter 5
17
Chapter 6
22
Chapter 6
24
TEST 2 homework due
worksheet, closing entry,
classified statements
worksheet, closing entry,
classified statements
Account systems – basic,
manual, computerized
Account systems – basic,
manual, computerized
Accounting for merchandising
transactions
Accounting for merchandising
transactions
4
March
1
Chapter 7
Inventory costing methods &
March
3
Chapter 7
Inventory costing methods
15
Chapter 8
Sarbanes-Oxley, Internal Control
and Cash
17
Chapter 8
22
24
___
Chapter 9
Chapter 9
Sarbanes-Oxley, Internal Control
and Cash
Receivables
Receivables
Spring
break
April
29
Chapter 10 Fixed and Intangible Assets
31
Chapter 10 Fixed and Intangible Assets
Chapter 10 Fixed and Intangible Assets
5
7
12 TEST 3
Chapter 11 Current Liabilities and Payroll
Chapter 11 Current Liabilities and Payroll
14 Quiz ch 1&2
19 Quiz ch 3&4
21 Practice exam
29
Comprehensive Final –
Friday 8-10 a.m.
HOMEWORK PROBLEMS
Chapter 1
Self Exam questions 1-5
Practice Exercises
PE1-1A, 1-1B, 1-2A, 1-2B, 1-4A, 1-5A, 1-6A, 1-7A
Exercises
EX1-6, 1-8, 1-22
Problem
PR1-6B
Chapter 2
Self Exam questions 1-5
Practice Exercises
PE2-1A, 2-1B, 2-2A, 2-2B, 2-3A, 2-3B
Exercises
EX2-1, 2-4, 2-5, 2-8, 2-15
Problem
PR2-2A
Chapter 3
Self Exam questions 1-5
Practice Exercises
PE3-1A, 3-2A, 3-3A, 3-4A, 3-5A, 3-6A, 3-7A,
3-8A, 3-9A
Exercises
EX3-1, 3-3, 3-4, 3-6, 3-11, 3-12, 3-18, 3-26
Problem
PR3-1A, 3-5B
Chapter 4
Self Exam questions 1-5
Practice Exercises
PE4-1A, 4-3A, 4-4A, 4-5A
Exercises
EX4-5, 4-14, 4-16
Problem
PR4-3A (omit #2)
Chapter 5
Self Exam questions 1-5
Practice Exercises
PE5-1A, 5-1B, 5-2A, 5-2B, 5-3A, 5-3B, 5-4A, 5-4B
Exercises
EX5-6
5
Chapter 6
Self Exam questions 1-5
Practice Exercises
PE6-1A, 6-1B, 6-2A, 6-2B, 6-3A, 6-3B
Exercises
EX6-2, 6-10, 6-23, 6-32
Chapter 7
Self Exam questions 1-5
Practice Exercises
PE7-1A, 7-2A, 7-3A
Exercises
EX7-3, 7-5, 7-10, 7-11
Problem
PR7-1A
Chapter 8
Self Exam questions 1-5
Practice Exercises
PE8-1A, 8-1B, 8-3A, 8-3B, 8-4A, 8-4B
Exercises
EX8-12, 8-13
Problem
PR8-3A
Chapter 9
Self Exam questions 1-5
Practice Exercises
PE9-1B, 9-2B, 9-3B, 9-5B
Exercises
EX 9-3, 9-4, 9-5, 9-6, 9-19, 9-20, 9-21, 9-22, 9-23
Problem
PR9-2A
Chapter 10
Self Exam questions 1-5
Practice Exercises
PE10-1A, 10-1B, 10-2A, 10-2B, 10-3A, 10-3B
10-6A, 10-6B
Exercises
EX10-1, 10-2, 10-3, 10-6, 10-8, 10-9, 10-10, 10-12
EX10-13, 10-14, 10-15, 10-17
Chapter 11
Self Exam questions 1-5
Practice Exercises
PE11-1B, 11-2B, 11-3B, 11-5B
Exercises
EX11-1, 11-2, 11-4, 11-5, 11-6, 11-7, 11-20, 11-22
Problem
PR11-1A
Note: This outline is intended to be minimum coverage of concepts. Other concepts may be
covered at the instructor’s discretion.
Dates: Jan. 6 first day of class
Feb 1
Exam 1 chapters 1, 2, 3
Feb 24 Exam 2 chapters 4,5,6
Apr 12 Exam 3 chapters 7,8,9,10,11
Apr 29 Comprehensive Final chapters 1-11