NEW MEXICO JUNIOR COLLEGE

MISSION STATEMENT

Principles of Accounting II

SYLLABUS

  1. GENERAL COURSE INFORMATION
  2. A. Course Title: Principles of Accounting II
    B. Course Number: AC 124 - 10271
    C. Semester: Spring 2018
    D. Days/Time: Online
    E. Credit Hours: 4
    F. Instructor: Napolitano, Paul
    G. Office: none
    H. Email Address: pnapolitano@nmjc.edu
    I. Office Phone: none
    J. Office Hours:
    K. Time Zone: Mountain Time
    L. Prerequisite(s): Principles of Accounting I
    M. Corequisite(s):
    N. Class Location: Virtual
  3. COURSE DESCRIPTION

    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.

  4. COURSE RATIONALE / TRANSFERABILITY

    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.

  5. REQUIRED / SUGGESTED COURSE MATERIALS

    Required:

    a. 26th Edition Accounting Principles– Warren, Reeve, & Duchac–Required
    b. Cengage Now
    c. Study Guide - Recommended
    d. Calculator–Required
    e. Working Papers -Required
    f. Practice Set

    Suggested:
    None.

    You can buy your books online at the NMJC Bookstore.

  6. GRADING POLICY

    Grading Consists of the following:

    1) 13 Homework Assignments at 9 pts each.

    2) 13 Discussion Board Questions at 9pts each

    3) 4 Examinations at 80 points each

    4) 1 Syllabus test at 5 points

    5) Practice Set 46 points

    540 - 600 = A

    480 - 539 = B

    420 - 479 = C

    360 - 419 = D

    0 - 359 = F

    Retrieving Grades from T-BirdWeb Portal
    Go to the New Mexico Junior College T-BirdWeb Portal login page. Please enter your User Identification Number (ID), which is your Banner ID, and your Personal Identification Number (PIN). When finished, click Login.

    Tips for Success in Online Courses:
    1. Log in to class regularly.
    2. Pay attention.
    3. Take notes.
    4. Keep up with readings and assignments.
    5. Ask questions when you do not understand something.
    6. Utilize your professor’s office hours and e-mail.
    7. Read the text.
    8. Adhere to the deadlines posted in the course outline.

  7. INSTITUTIONAL STUDENT LEARNING OUTCOMES

    New Mexico Junior College’s 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:

  8. DEPARTMENTAL STUDENT LEARNING OUTCOMES

    The Student should be able to compile financial statements for a corporate form of business. We will also compute Bonds and Investment in Bonds amounts. We will prepare a Statement of Cash Flows. We will do analysis of financial statements. We will be introduced to the Manufacturing Cost Terms and processes. We will also employ differential analysis and product pricing.

  9. SPECIFIC COURSE STUDENT LEARNING OUTCOMES

    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 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 management's planning, directing, controlling, improving, and decision making.
    F)Describe and prepare journal entries for a job order cost accounting systems.
    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.
    I) Perform Financial Ratio analysis on financial statements.

  10. REQUIRED TECHNICAL COMPETENCIES AND EQUIPMENT

    Student Requirements
    If you have not already received login information for Canvas/T-BirdWeb Portal/E-mail, you will need to contact the Enrollment Management office at (575) 492-2546.

    Check first-time login page for instructions at www.nmjc.edu/distancelearning/coursescourseschedules/canvasinstructions.aspx.

    Canvas Assistance

    You must have access, on a regular basis, to a computer that supports the Canvas minimum specifications and has an active connection to the Internet. See the minimum computer specification requirements at www.nmjc.edu/distancelearning/coursescourseschedules/Canvasinstructions.aspx.

  11. ADDITIONAL INFORMATION

    What is CengageNOW?
    CengageNOW is a powerful resource for Success!
    CengageNOW includes a variety of tools--all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Get Started Today!
    Registration
    1. Connect to http://login.cengagebrain.com/course/E-24YE2MLLGRDQG
    2. Follow the prompts to register your CengageNOW course.
    Payment
    After registering for your course, you will need to pay for access using one of the options below
    Online: You can pay online using a credit or debit card, or PayPal.
    Bookstore: You may be able to purchase access to CengageNOW at your bookstore. Check with the bookstore to find out what they offer for your course.
    Free Trial: If you are unable to pay at the start of the semester you may choose to access CengageNOW during your free trial. After the free trial ends you will be required to pay for access.
    Please note: At the end of the free trial period, your course access will be suspended until your payment has been made. All your scores and course activity will be saved and will be available to you after you pay for access.
    If you already registered an access code or bought CengageNOW online, the course key to register for this course is: E-Y84E5CPPJT4Z2


    Bookstore: Purchase access to Cengage Now from your bookstore. Check with the bookstore to find out what they offer for your course.




    Americans with Disabilities Act (ADA) Information

    Any student requiring special accommodations should contact the Specialneeds@nmjc.edu

    Withdraw Policy

    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 it's a face to face, online, or 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 www.nmjc.edu, or submitting the required paperwork to the Registrar's Office by 5:00 p.m. on _____________2015. All students are encouraged to discuss their class status with the professor prior to withdrawing from the class.

  12. GENERAL/MISCELLANEOUS

    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 krueda@nmjc.edu.

    Attendance Policy and Participation Expectations
    It is expected that you regularly log into class at least three times weekly and check your Canvas mail to ensure you have not missed any changes/updates. Students are expected to complete discussions/quizzes/tests/ assignments before deadlines expire.

    Canvas Help
    If you experience difficulty with Canvas you may reach the Canvas Helpdesk at canvashelpdesk@nmjc.edu, or by calling the 24 hour helpdesk phone at (575) 399-2199.

    Netiquette
    The professor is responsible for monitoring and evaluating student conduct and student behavior within the Canvas course. By registering for this class, the student is assumed to have entered into an agreement with New Mexico Junior College and the professor to log into 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 and dropped for the semester. For comprehensive information on the common rules of netiquette and other online issues, please review the NMJC Online Student Handbook.

    Online Learning Environment
    By participating in an online class, you undertake responsibility for your own progress and time management.

    Plagiarism
    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.

    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
    The instructor has the right to drop any student who has failed to log on to Canvas for two weeks or more, but it is not guaranteed that the instructor will drop you. 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 www.nmjc.edu, or submitting the required paperwork to the Registrar’s Office by TBA. Failure to withdraw yourself from a course by this date may result in your receiving an “F” in the course. All students are encouraged to discuss their class status with the professor prior to withdrawing from the class.

  13. ACADEMIC CALENDAR
  14. FINALS SCHEDULE
  15. COURSE OUTLINE

    Course Outline


    Wk 1: Read Chapter 14 - Long-Term Liabilities:
    Bonds and Notes

    There is No Homework or Discussion Board
    Assignment this week. Just Module One

    Wk 2: Read Chapter 14 - Investment & Fair Analyze
    Value Accounting
    Due Hwk. found in Cengage Now & Disc. Bd.

    Wk 3: Read Chapter 15 - Investment & Fair Value
    Accounting
    Due Hwk found in Cengage Now & Disc. Bd.

    Wk 4: Read Chapter 16 - Statement of Cash Flows

    Due Hwk found in Cengage Now & Disc. Bd.

    Wk 5: Read Chapter 17 - Financial Statement
    Analysis
    Due Hwk found in Cengage Now and & Disc. Bd.
    Exam 1 - Chapters 14,15&16 found in Cengage

    Wk 6: Read Chapter 18 - Managerial Accounting
    Concepts & Principals

    Due Hwk found in Cengage Now & Disc. Bd.


    Wk 7: Read Chapter 19 - Job Order Costing
    Due Hwk found in Cengage Now & Disc. Bd.


    Wk 8: Read Chapter 20 - Process Cost Systems
    Due Hwk found in Cengage Now and Disc. Bd.
    Exam 2 Chapters 17,18& 19 found in Cengage

    Wk 9: Read Chapter 21 - Cost Behavior & Cost-
    Volume-Profit Analysis
    Due Homework found in Cengage and Disc. Bd.

    Wk 10: Read Chapter 22 - Budgeting

    Due Homework found in Cengage and Disc. Bd.

    Wk 11: Read Chapter 23 - Performance Evaluation
    Using Variance from
    Standard Costs

    Due Homework found in Cengage and Disc. Bd.
    Exam 3 Chapters 20,21,and 22 found in Cengage

    Wk 12:Vacation Week-No Assignments Due



    Wk 13: Read Chapter 24 - Performance Evaluation
    for Decentralized
    Operations

    Due Homework found in Cengage & Disc. Bd.


    Wk 14: Read Chapter 25 - Differential Analysis,
    Product Pricing, & Activity - Based Costing
    Due Homework found in Cengage and Disc. Bd.

    Wk 15: Read Chapter 26 Capital Investment Analysis
    Due Homework found in Cengage and Disc. Bd.

    Wk 16: Final Examination - Exam 4
    Chapters 23, 24, 25 & 26 found in Cengage.
    Practice Set Due