Instructional Package s3

INSTRUCTIONAL PACKAGE

ACC 202

Intermediate Accounting II

201510 Fall 2015 INSTRUCTIONAL PACKAGE

Effective Term: Fall 2015 (201510)

COURSE PREFIX: ACC 202 COURSE TITLE: Intermediate Accounting II

CONTACT HOURS: 3.0 CREDIT HOURS: 3.0

RATIONALE FOR THE COURSE: This course will complete your basic knowledge and understanding of financial accounting as well as giving you the basic tools needed to do simple financial analysis.

COURSE DESCRIPTION: This course covers the application of accounting principles and concepts to account evaluation and income determination, including special problems peculiar to corporations and the analysis of financial reports.

PREREQUISITES: ACC 201

REQUIRED MATERIALS:  TEXTBOOK: Please visit the Bookstore online site for most current textbook information. Use the direct link below to find textbooks: http://hortec.bncollege.com/webapp/wcs/stores/servlet/TBWizardView? catalogId=10001&langId=-1&storeId=51560. Enter the semester, course prefix, number and section and it will take you to the correct textbook.  A basic calculator that will add, subtract, multiply, divide  Important Note: You must purchase an access code in order to do your homework. You may elect to purchase an e-book and the pass code online.

ADDITIONAL REQUIREMENTS: NONE

TECHNICAL REQUIREMENTS: Basic knowledge of Word and Excel

Course Learning Outcomes and Course Outline

Unit I – Chapters 9 and 10

A. Describe and apply the lower-of-cost-market rule. B. Determine ending inventory by applying the gross profit method. C. Determine ending inventory by applying the retail inventory method. D. Describe the accounting problems associated with self-constructed assets. E. Understand accounting issues related to acquiring and valuing plant assets. F. Describe the accounting treatment for the disposal of property, plant and equipment. G. Test I – 4th week of class Unit II – Chapters 11 and 12

A. Compare activity, straight-line, and decreasing-charge methods of depreciation. B. Explain the accounting issues related to asset impairment. C. Explain the accounting procedures for depletion. D. Describe the types of intangible assets. E. Calculate intangible-asset impairments. F. Describe the accounting for research and development and similar cost. G. Test II – 8th week of class

Unit III – Chapters 13 and 14

A. Describe the nature, type and valuation of current liabilities. B. Identify types of employee-related liabilities. C. Explain the accounting for different types of loss contingencies. D. Describe the formal procedures associated with long-term debt. E. Apply the methods of bond discount and premium amortization. F. Explain the reporting of off-balance-sheet financing arrangements. G. Test III – 12th week of class.

Unit IV – Chapters 15 and 23

A. Identify the key components of stockholders’ equity. B. Explain the accounting procedures for issuing shares of stock. C. Describe the policies used in distributing dividends. D. Identify the major classifications of cash flows. E. Prepare a statement of cash flows using the Direct method and the Indirect method. F. Explain the use of a worksheet in preparing a statement of cash flows. G. Test IV - 15th week of class H. Final Exam – Comprehensive –

REQUIRED COURSE MEASURES/ARTIFACTS: Homework assignments Quizzes Interview Assignment Unit Tests Final Examination

HOMEWORK: All assignments will be completed in WileyPlus. Problems will be graded as soon as they're completed. There is a due date for each problem and problems WILL NOT be accepted late. Practice exercises have been assigned in WileyPlus for you to practice the work. These items are not graded; however, they will assist you in preparing for the homework assignments and your exams. You will prepare the solutions to homework assignments online and they will be graded by WileyPlus for immediate feedback. All of the homework is designed to be used by you as a learning tool. To that end, you can click on the link button if you are unsure of a concept and you will be directed online to the specific section of the text where the concept is located. If you answer incorrectly, the problem will give you hints to point you to the correct answer. Homework assignments MUST be submitted in a timely manner. The due date is displayed for each assignment in WileyPlus as well as on the D2L course homepage. You will also be required to contact the HGTC Career Resource Center to complete a mock telephone interview and a mock face to face interview. Complete directions can be found in D2L under Assignments, Dropbox.

EXAMS: There will be 4 exams on various units of the text, as well as a comprehensive final exam.

QUIZZES: You will have a 10-question multiple choice quiz following each chapter. These quizzes are worth 10 points each and will be completed in WileyPlus. Dates for these quizzes are posted on the D2L course homepage.

EVALUATION OF REQUIRED COURSE MEASURES/ARTIFACTS:

Points % Homework assignments 225 24% Interviews 100 10% Quizzes 80 8% Unit Tests (4 exams – 100 points each) 400 42% Final Examination 150 16% Total 955 100%

GRADING SYSTEM: Basis of final grade:

Percentage Points Grade 90%-100% 860-955 A 80%-89% 764-859 B 70%-79% 669-763 C 60%-69% 573-668 D Below 60% 573 F

Grades earned in courses impact academic progression and financial aid status. Before withdrawing from a course, be sure to talk with your instructor and financial aid counselor about the implications of that course of action. Ds, Fs, Ws, WFs and Is also negatively impact academic progression and financial aid status.

The Add/Drop Period is the first 5 days of the semester for full term classes. Add/Drop periods are shorter for accelerated format courses. This week of the semester is also Financial Aid Attendance Verification period. You must attend at least one meeting of all of your classes during that period. If you do not, you will be dropped from the course(s) and your Financial Aid will be reduced accordingly. The following is from the HGTC College Catalog: Academic Dishonesty – All forms of academic dishonesty including, but not limited to, cheating on tests, plagiarism, collusion, and falsification of information will call for discipline. 1. Cheating on tests is defined to include the following: a. Copying from another student’s test b. Using materials during a test not authorized by the person giving the test c. Collaborating with any other person during a test without permission d. Knowingly obtaining, using, buying, selling, transporting, or soliciting in whole or part the contents of an un-administered test e. Bribing any other person to obtain tests or information about tests f. Substituting for another student or permitting any other person to substitute for oneself. 2. “Plagiarism” is defined as the appropriation of any other person’s work and the unacknowledged incorporation of that work in one’s own work offered for credit. Academic dishonesty and plagiarism will result in discipline. You are expected to always be academically honest and to always do (and submit) your own work.

The Student Success and Tutoring Center (SSTC) The SSTC offers to all students the following free resources: 1. Academic coaches for most subject areas, Writing Center Support, and college success skills

2. On-line student success and academic support resources

a. 24/7 online academic tutoring assistance (access in WaveNet)

b. 24/7 Online Resource Center (ORC)

c. Campus2Campus Virtual Appointments

d. Tips and tricks for college life, studying, and learning (Facebook: hgtcsstc)

3. Other student resources and academic support

a. Resource guides to improve college success skills

b. Science models & other supplemental tools and textbooks

c. Workshops on college success skills and citation styles

d. Study Skills, Test Anxiety, Time Management, etc. e. APA, MLA, and Preventing Plagiarism

f. Check the EVENTS calendar in WaveNet for more information!

Visit the SSTC website: www.hgtc.edu/sstc and visit the student services tab in your WaveNet account to schedule appointments using TutorTrac. For more information, call: SSTC Conway, 349-7872; SSTC Grand Strand, 477-2113; and SSTC Georgetown, 520-1455. Room locations and Live Chat is available on the SSTC website.

Student Information Center: WaveNet Central (WNC) WNC offers to all students the following free resources: 1. Getting around HGTC: General information and guidance for enrollment! 2. Use the Online Resource Center (ORC) for COMPASS support, technology education, and online tools 3. Drop-in technology support or scheduled training in the Center or in class 4. In-person workshops and online tutorials are available for: 1. D2L & WaveNet, 2. Microsoft Office Word, PowerPoint and Excel, 3. Basic Computer Skills, 4. Budgeting your Money, and more. 5. Check the EVENTS calendar or the WNC Online Resource Center for more information! 5. Additional services such as reviewing Degree Works, scheduling tutoring, or scheduling testing center appointments, scanning and uploading documents, etc. Visit the WNC website: www.hgtc.edu/wavenetcentral. Live Chat and Center locations are posted on the website. Or please call one of the following locations: WNC Conway, 349-5182; WNC Grand Strand, 477-2076; and WNC Georgetown, 520-1473. View tips and tricks for college life, personal development and technology learning on their Facebook page (Facebook: hgtcwnc).

This syllabus is tentative and subject to change at the discretion of the instructor.