Principles of Accounting II


  2. A. Course Title: Principles of Accounting II
    B. Course Number: AC 124 - 10003
    C. Semester: Spring 2017
    D. Days/Time: M 6:00:00 PM - 9:00:00 PM
    E. Credit Hours: 4
    F. Instructor: Brister, Luke
    G. Office: C.M. Burke University Center (UC) 231
    H. Email Address:
    I. Office Phone: (575) 492-2657
    J. Office Hours: Monday: 8:00:00 AM-9:00:00 AM (MST); 10:30:00 AM-11:00:00 AM (MST); 12:30:00 PM-02:00:00 PM (MST); 5:00:00 PM-6:00:00 PM (MST);
    Wednesday: 8:00:00 AM-9:00:00 AM (MST); 10:30:00 AM-11:00:00 AM (MST); 12:30:00 PM-02:00:00 PM (MST);
    Friday: 8:00:00 AM-9:00:00 AM (MST); 10:30:00 AM-11:00:00 AM (MST); 12:30:00 PM-02:00:00 PM (MST);
    Other Hours available by Appointment
    K. Time Zone: Mountain Time
    L. Prerequisite(s): AC 114.
    M. Corequisite(s):
    N. Class Location: BUC238

    This course covers the principles of accounting for partnerships and corporations with emphasis upon the corporate form of business organization. Manufacturing job order, process cost, and decision-making are introduced. This is a four credit hour course. Prerequisite: AC 114.


    Principles of Accounting II has been articulated in New Mexico and should transfer to all New Mexico schools. There is no guarantee of transferability and the student is advised to check with the receiving institution if they intend to transfer to another institution.



    Accounting 26th Edition, Warren/Reeve/Duchac Loose-leaf bundle including CNOWv2 ISBN 9781305617063
    Hydro Paddle Boards Practice Set with GL Software; ISBN 9781305671553


    You can buy your books online at the NMJC Bookstore.


    The final grades will be calculated as follows:
    Homework 20%
    Chapter Quizzes 25%
    Unit tests 25%
    Practice Set 15%
    Spreadsheet assignments 10%.
    Module zero completion 5%


    New Mexico Junior Collegeís institutional student learning outcomes represent the knowledge and abilities developed by students attending New Mexico Junior College. Upon completion students should achieve the following learning outcomes along with specific curriculum outcomes for respective areas of study:


    Students in the Business/Computer Science Departments should be able to:
    1) Demonstrate an understanding of industry specific ethics (self & community),
    2) Prepare and interpret documents,
    3) Interpret and characterize data appropriate to the course (critical thinking),
    4) Demonstrate computer skills appropriate to the course, and
    5) Demonstrate the value of professionalism in the workplace.


    a. Describe the nature of the corporate form of organization, journalize entries for issuing stock and treasury
    b. Journalize entries for corporate income taxes, including deferred income taxes.
    c. Compute Present Value of Bonds.
    d. Prepare a Statement of Cash Flows, using the indirect method.
    e. Describe how managerial accounting supports managementís planning, directing, controlling, improving, and decision making.
    f. Describe and prepare journal entries for a job order cost accounting system.
    g. Develop a cost-volume-profit chart and profit-volume chart, and determine the break-even point and volume necessary to achieve a target profit.
    h. Prepare the basic income statement budget for a manufacturing business.
    i. Prepare a responsibility accounting report for a cost center, profit center, and an investment center.
    j. Determine the selling price of a product, using the total cost, product cost, and variable cost concepts.
    k. Evaluate and calculate various capital investment proposals.
    l. Perform Financial Ratio analysis on financial statements.


    Students will be held responsible for the information on these pages.

    Academic Honesty
    Each student is expected to maintain the highest standards of honesty and integrity in online academic and professional matters. The College reserves the right to take disciplinary action, up to and including dismissal, against any student who is found guilty of academic dishonesty or otherwise fails to meet these standards. Academic dishonesty includes, but is not limited to, dishonesty in quizzes, tests, or assignments; claiming credit for work not done or done by others; and nondisclosure or misrepresentation in filling out applications or other College records. Cheating or gaining illegal information for any type of graded work is considered dishonest and will be dealt with accordingly.

    Americans with Disabilities Act (ADA) Information
    Any student requiring special accommodations should contact the Special Needs Student Services Coordinator at (575) 492-2576 or by e-mail at

    Attendance Policy
    Attendance is required at every session of each course for which the student is enrolled. When unavoidable circumstances make attendance impossible, students must provide a satisfactory explanation of their absences to their professors. College-sponsored activities are considered excused absences and the appropriate sponsor of those students who will be absent from class will notify professors. Students having absences due to college-sponsored activities will need to make arrangements with the affected classes / professor to take care of required work; however, arrangements for make-ups should be made within a reasonable time frame, usually within one week of the absence. Regarding make-up work, absences due to late registration are considered the same as regular absences.

    Cell Phones/Pagers
    All cell phones and pagers must be turned off when the student is participating in any lecture, laboratory, or other learning activity.

    Classroom Conduct
    The professor is responsible for maintaining a class environment best suited for effective learning. By registering for this class, the student is assumed to have entered into an agreement with New Mexico Junior College and the professor to attend the class regularly and to behave in an appropriate manner at all times. Disruptive behavior may result in the student being removed from the class.

    Food and Drink Policy
    Food items and soft drinks may not be consumed in NMJC classrooms. Students are also discouraged from bringing food and drink items into the classroom even though these items remain in sealed packaging. Bottled water is permissible.

    No Children in the Classroom
    In order to adhere to instructional procedures as well as maintain the safety of children, NMJC’s policy of no children in the classrooms (lecture, lab, etc.) will be followed.

    Offering the work of another as one’s own, without proper acknowledgment, is plagiarism; therefore, any student who fails to give credit for quotations or essentially identical expression of material taken from books, encyclopedias, magazines and other reference works, or from the themes, reports, or other writings of a fellow student, is guilty of plagiarism. Plagiarism violates the academic honesty policy and is considered cheating.

    Smoking/Use of Tobacco
    New Mexico Junior College is cognizant of the health hazards associated with smoking / use of tobacco for the smoker, as well as the non-smoker. In an effort to provide a healthy environment for students, employees, and others who may frequent the campus, NMJC prohibits smoking / use of tobacco inside any campus building or facility.

    Tutoring Assistance
    Free tutoring services are available to all NMJC students through Brainfuse and the Academic Success Center located in Mansur Hall room 123 and 124.

    Withdrawal Policy
    Regular, punctual attendance is required for all classes at NMJC. Although the professor has the right to drop any student who has missed the equivalent of 2 weeks of instruction (based on a 16 week semester) whether itís a face to face, online, or a hybrid course, it is not guaranteed that the professor will drop the student. If the student chooses to stop attending a class, he/she should withdraw from the class by accessing your student account in the T-Bird Web Portal at, or submitting the required paperwork to the Registrar’s Office by 5:00 p.m. on Thursday, April 20, 2017. All students are encouraged to discuss their class status with the professor prior to withdrawing from the class.

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