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N W T C - M a r i n e t t e:  7 1 5 - 7 3 5 - 9 3 6 1

NWTC-Marinette - Winter/Spring 2005

 Accounting 2

Class Number  Subject  Catalog Number  Section  Description  Credits  Hours  Status  Seats Available  Number on Waitlist

22641 ACCOUNT 10101120 08 Accounting 2   4   90.00 Open 20 0
Session: Regular
Time:   Room:   Dates: 
4:30PM 7:10PM M W Marinette Campus Room 127 01/10/2005 - 04/20/2005
Instructor: Cook, Lloyd R,  E-mail: lloyd dot cook at nwtc dot edu
Enrollment Capacity: Wait List Capacity: Instruction Mode: In Person
20  10
10-101-120 ACCOUNTING 2 ...concepts and principles covering corporations, capital stocks, dividends, bonds, amortization of bond premiums, and discounts; manufacturing, job order and process cost systems; variances; managerial application including decision making and financial analysis. (Prerequisite: 10-101-110, Accounting 1) Class Notes: Plus computer lab time during the last 4-6 weeks.
Office Hours:  NWTC - by appointment - MW  4:15-4:30pm & 7:10-7:30pm

Southwest Publishing/Thomsen Learning
A Tradition of Innovation - Innovation, Motivation, Results

Text:  Accounting - Twenty First Edition - (Warren Accounting 21e)
Warren Reeves Fess - Southwestern Publishing
ISBN: 0-324-18800-5 ©2005.  Warren - Accounting 21e

Do you know who this is?
Do you know what he is accused of doing?

Prerequisites: 10-101-110, Accounting 1

Supplies for the student:

    A Working Calculator
    A pencil and several erasers
    Several new floppy disks or a Jump Drive
    Computer (supplied by NWTC computer labs)

Syllabus
(Revision # 1)

At the completion of the course, the learner will be able to demonstrate a working knowledge of the basic
accounting cycle as well as account for transactions for sole proprietors.

Course Outline with Timeline:

During the semester, we'll see PowerPoint presentations, use the text, use the internet as a resource, solve problems, meet some important people, and... hopefully, have a little fun too...

Course Calendar:
		ACCOUNTING 2	ASSIGNMENTS
CHAPTER	13	- Partnerships & Limited Liability Corporations	Ex 13-2, 13-4, 13-6, 13-8, 13-10
		9 hours	Prob 13-1A, 13-2A, 13-3A & EC 13-4A, 13-5A
CHAPTER	14	- Income Taxes, Unusual Income Items,	Ex 14-2, 14-4, 14-6, 14-8, 14-10
		and Investments in Stocks - 9 hours	Prob 14-1A, 14-2A, 14-3A & EC 14-4A, 14-5A
CHAPTER	15	- Bonds Payable and Investments in Bonds	Ex 15-2, 15-4, 15-6, 15-8, 15-10
		9 hours	Prob 15-1A, 15-2A, 15-3A & EC 15-4A, 15-5A
CHAPTER	16	- Statement of Cash Flows	Ex 16-2, 16-4, 16-6, 16-8, 16-10
		9 hours	Prob 16-1A, 16-2A, 16-3A & EC 16-4A, 16-5A
CHAPTER	17	- Financial Statement Analysis	Ex 17-2, 17-4, 17-6, 17-8, 17-10
		6 hours	Prob 17-1A, 17-2A, 17-3A & EC 17-4A, 17-5A
CHAPTER	18	- Introduction to Managerial Accounting and	Ex 16-2, 16-4, 16-6, 16-8, 16-10
		Job Order Cost Systems - 6 hours	Prob 18-1A, 18-2A, 18-3A & EC 18-4A, 18-5A
		Midterm   3 hours	"Exam 1" with a twist  (ch 13-18)
CHAPTER	19	- Process Cost Systems	Ex 19-2, 19-4, 19-6, 19-8, 19-10
		6 hours	Prob 19-1A, 19-2A, 19-3A & EC 19-4A, 19-5A
CHAPTER	20	- Cost Behavior and Cost-Volume-Profit Analysis	Ex 20-2, 20-4, 20-6, 20-8, 20-10
		6 hours	Prob 20-1A, 20-2A, 20-3A & EC 20-4A, 20-5A
CHAPTER	21	- Budgeting	Ex 21-2, 21-4, 21-6, 21-8, 21-10
		6 hours	Prob 21-1A, 21-2A, 21-3A & EC 21-4A, 21-5A
CHAPTER	22	- Performance Evaluation Using Variances	Ex 22-2, 22-4, 22-6, 22-8, 22-10
		from Standard Costs - 6 hours	Prob 22-1A, 22-2A, 22-3A & EC 22-4A, 22-5A
CHAPTER	23	- Performance Evaluation for Decentralized	Ex 23-2, 23-4, 23-6, 23-8, 23-10
		Operations - 6 hours	Prob 23-1A, 23-2A, 23-3A & EC 23-4A, 23-5A
CHAPTER	24	- Differential Analysis and Product Pricing	Ex 24-2, 24-4, 24-6, 24-8, 24-10
		6 hours	Prob 24-1A, 24-2A, 24-3A & EC 24-4A, 24-5A
CHAPTER	25	- Capital Investment Analysis	Ex 25-2, 25-4, 25-6, 25-8, 25-10
		6 hours	Prob 25-1A, 25-2A, 25-3A & EC 25-4A, 25-5A
		Final   3 hours	"Exam 2" with a twist (ch 14-25)
Notes:		We have use of the computer lab/smart classroom in room 116 during the semester. Good news!  The textbook contains 25 chapters.  We will be covering only the chapters listed above (13-25)

Grading Policy:

Each student starts with an "A"

In order to keep your "A" throughout the course, you will need to complete the following::

Homework		55%	Due weekly & covered weekly in class
"Exams"...with a twist		10%	Midterm & Final (10% each)
Class Participation		15%	An integral part of the learning process
Quizzes (1 per chapter)		12%	On-line
Team Projects		4%	Several during the semester
Special Projects		4%	Several during the semester
Total		100%
Other:
1.  Attendance is encouraged but not required.  An attendance sheet will be passed around each night of class.  Your class participation is directly proportional to your attendance. You can't participate if you don't attend classes, can't review and hand in homework on-time, can't participate in Team Projects/Presentations.  It's your choice of course...
2.  While individual performance is important, team performance, and the ability to work with and solve problems as a team of accountants is also important.  Teams will be expected to work together to solve the cases as assigned.  Teams will also be expected to work together in the computer lab.  Team work in the "real" working world happens all of the time, in the accounting as well as other professions.  Therefore, each team member is encouraged to give 100% to his/her team.  While this only represents a small portion of your grade, I think it is valuable for you to be able to work together and present your findings, as a team, in front of the class.  Presentations are an integral part of the "real" business world too and practicing making presentations in front of a "friendly" group will make it easier for you to function well in the work place.
3.  Additional student on-line resources:
A.	World Lecture Hall
B.	Glossary of Accounting Terms, Acronyms, and Abbreviations - AICPA
C.	Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory Board (FASAB)
D.	Luca Pacioli - The Father of Accounting?
E.	The History of Accounting - ACAUS
F.	History of Accounting - Accounting Advice (the "old" set of Generally Accepted Accounting Principles?"
G.	GAAP vs OCBOA - Accounting Advice
4.  Homework & class participation will account for 65% of your grade. Please keep up with the homework and bring it to class when due. Homework, etc. turned in late will not receive full credit.
5.  If you are having problems with any of the material, please use the resources of your team first.  If you still have questions, please call me at my office or at home and I'll be glad to assist you.
6.  Our objective is to learn as much as possible about Accounting One, get to know each other, become more comfortable presenting our ideas, use the technological tools at our disposal and…have a little fun…along the way!
7.  Disclaimer:  This syllabus, a contract between the student and the instructor, is subject to change.  Please consider this the 1st draft and when the final revision is complete I will give you a new one. 8.  Additional Resources:           Warren - Accounting 21e

DEBITS Debit comes from the Italian “debito” which comes from the Latin “debita” and “debeo” which means: OWED TO the proprietor or an asset of the proprietor Source: Dr. Anders’ World Famous "A Brief History of Accounting"

CREDITS Credit comes from the Italian “credito” which comes from the Latin “credo” which means: Trust or belief (in the proprietor) or OWED BY the proprietor

DEBITS Debits (always on the left...)   Increase Assets & Expenses   Decrease Liabilities, Equity, & Revenues

CREDITS Credits: (always on the right...)   Increase Liabilities, Equity, & Revenue  Decrease Assets & Expenses

Copyright © 1996 - 2004 Lloyd Cook
E-mail: lloyd dot cook at nwtc dot edu
BS - Managerial Accounting - UW-Green Bay.
5 year teaching certificate - Accounting/Computer Applications -
  WI Technical College System
Certified Accelerated Learning Facilitator - NWTC-Green Bay
Adjunct Instructor (MS Office, Windows XP, Digital Photography, Scanners, Internet, E-mail & Web Design,
   All Accounting Courses, Economics & Credit Procedures) - NWTC-Marinette
Adjunct Instructor (Managerial Accounting) - Silver Lake College, Manitowoc, WI (NWTC-Marinette Campus)
Adjunct Instructor (MS Office, Windows, Adobe PhotoShop, Internet, Web Design, & College For Kids) UW-Marinette.
Certified Web Master. Member of: National Society of Accountants  International Webmasters Association (IWA)
 Internet Society (ISOC)  Html Writers Guild (HWG)
Last updated Thursday, November 25, 2004 Home