COURSE SECTION INFORMATION
Jerry Aubin
ACC2311 Accounting Concepts Ii
Business Admin-Accounting
Professor’s Name:
Jerry Aubin
Course
Number:
ACC2311
Email:
aubinj1@algonquincollege
.com
Course
Section: 020
Phone: X5737
Academic
Year: 2010
Office: B423C
Term: 01
Academic
Level: 02
Out of Class
Assistance: Refer to BB
Section Specific Learning Resources
The textbooks for this course are the same as those listed in the approved course outline available on
Blackboard.
Learning Schedule
ACC2311 Accounting Concepts II
Chapter
6
Topic
Time
Accounting for Merchandising Activities
1.5 weeks
Appendix 6A only—Omit Adjusting entries, Worksheets and Closing Entries
Objectives:
Compare and contrast the perpetual and periodic inventory systems
Prepare journal entries using a periodic inventory system
Prepare financial statements using a periodic inventory system
Homework
E6-14,20,21,28(a,b,c); P6-11A,12A
13
Current Liabilities
Omit Income Tax Liabilities for Companies
Objectives:
Describe the characteristics of liabilities
Explain the difference between current and long term liabilities
Prepare entries to account for short term notes payable
Account for estimated liabilities
Account for contingent liabilities
1.5 weeks
Prepare partial balance sheets indicating the correct treatment of current liabilities
Homework
QS13-1,7,10,14; E13-1,2,6,7,10,11,12,15,16; P13-2A
14
Partnerships (pgs. 694 - 707 only)
1.5 weeks
Omit Liquidation of a Partnership, admission and withdrawal of a partner
Objectives:
Identify the characteristics of a partnership
Prepare entries when forming a partnership
Allocate and record income and loss among partners
Homework
QS14-1,2; E14-2,3,4,5,7; P14-1A
Chapter
ACC2311 Accounting Concepts II
Topic
Time
15
Accounting for Corporations
Omit closing entries
1.5 weeks
Objectives:
Identify the characteristics of a corporation
Record the issuance of common and preferred shares
Prepare the Shareholder’s Equity section of the Balance Sheet
Describe and account for cash dividends
Distribute dividends between common and preferred shares
Homework
QS15-8,10,11,12; E15-2,3,5,8,10,11,16; P15-5A,6A
1
Introduction to Managerial Accounting
Complete Chapter Covered
0.5 weeks
Objectives:
Explain the three main activities of managers
Explain the purpose of managerial accounting and compare and contrast with
financial accounting
Explain ethical responsibility and the need for ethical standards
Homework
Q1-1,4
2
Cost Concepts
Complete Chapter Covered
Objectives:
Describe different ways of classifying costs
Define product and period costs
Explain manufacturing activities and cost flows
Prepare manufacturing financial statements
Compute Cost of Goods Sold
Prepare a manufacturing statement
Homework
BE2-1,2,4,5; E2-3,4; P2-2,3 (parts 1, 2 and 3 only)
1.5 weeks
Chapter
ACC2311 Accounting Concepts II
Topic
Time
TENTATIVE COURSE SCHEDULE - Subject to change
ACC2311_030_10F
Week
Dates
TOPIC
Resources
1
8-Sep-10
Accounting for Merchandising Activities
Accounting Principles - chapter 6
2
2
13-Sep-10
15-Sep-10
Accounting for Merchandising Activities
Accounting for Merchandising Activities
Accounting Principles - chapter 6
Accounting Principles - chapter 6
3
3
20-Sep-10
22-Sep-10
Unit test 1 - 10%/ Current Liabilities
Current Liablities
ch.6/ chapter 13
Accounting Principles - chapter 13
4
4
27-Sep-10
29-Sep-10
Current Liablities
Unit test 2 - 10%/ Partnerships
Accounting Principles - chapter 13
ch.13/ chapter 14
5
5
4-Oct-10
6-Oct-10
Partnerships
Partnerships
Accounting Principles - chapter 14
Accounting Principles - chapter 14
6
6
11-Oct-10
13-Oct-10
Thanksgiving
Accounting for Corporations
Accounting Principles - chapter 15
7
7
18-Oct-10
20-Oct-10
Accounting for Corporations
Unit test 3 - 20%
Accounting Principles - chapter 15
ch. 14/ 15
8
8
25-Oct-10
27-Oct-10
Managerial Accounting Intro.
Cost Concepts
Managerial Accounting -chapter 1
Managerial Accounting -chapter 2
9
9
1-Nov-10
3-Nov-10
Cost Concepts
Cost Volume Profit Analysis
Managerial Accounting -chapter 2
Managerial Accounting -chapter 11
10
10
8-Nov-10
10-Nov-10
Cost Volume Profit Analysis
Cost Volume Profit Analysis
Managerial Accounting -chapter 11
Managerial Accounting -chapter 11
11
11
15-Nov-10
17-Nov-10
Cost Volume Profit Analysis
Cost Volume Profit Analysis
Managerial Accounting -chapter 11
Managerial Accounting -chapter 11
12
12
22-Nov-10
24-Nov-10
Unit Test 4 -15%
Master Budgeting
Chap 1, 2 and 11
Managerial Accounting -chapter 7
13
13
29-Nov-10
1-Dec-10
Master Budgeting
Master Budgeting
Managerial Accounting -chapter 7
Managerial Accounting -chapter 7
14
6-Dec-10
Master Budgeting
Managerial Accounting -chapter 7
14
8-Dec-10
Master Budgeting
Managerial Accounting -chapter 7
15
EXAM WEEK
Unit Test 5 - 15%
ch. 7
Other Important Information
Cost Volume Profit Analysis
Complete Chapter Covered Including Appendix A
11
2.5 weeks
Objectives:
Describe cost behaviour
Determine cost estimates using the high low method
Prepare break even analysis
Apply break even analysis to different situations
Homework
BE11-1,2,3,4,6,8; E11-1,2,6; P11-1,2,8
7
Budgeting
Omit Regression analysis
Objectives:
 Explain the importance and benefits of budgeting
Understand and prepare a master budget
Prepare production budgets
2.5 Weeks
Homework
BE7-2,3,4,5,7,8; E7-1,2,4; P7-1,8;
P7-7 (Budget assignment)
Please refer to the School of Business Policy Document as found in course documents
on your BlackBoard site. This document contains important information of the School’s
policies and procedures. It is your responsibility to familizrize yourself with this
document.
Late assignments will receive a grade of 0, unless appropriate medical information is
received by your professor in a timely manner. Refer to the Policy doc.