ACCOUNTING 2 Section # 1017 TTh 8:30-10:55amCourse Syllabus

Spring 2006

Instructor: W. Jenny Resnick, CPA, M.B.A. Office: Bus 220SOffice Hours: MW 11:40am-12:40pm; TTh 7:55- 8:25am; Phone: (310) 434-4895

Or By AppointmentE-mail: resnick_jenny_teach@smc.edu

I. Catalog Description: This course is a continuation of Accounting 1. It covers the corporate form of organization, long-term liabilities, investments and international operations, and the Statement of Cash Flows. It further covers a study of managerial accounting, including financial statement analysis, job and process costing systems, cost-volume-profit analysis, budgeting, standard costing, performance evaluation for decentralized operations, differential analysis and capital investment analysis. 5 Units. Transfer:  UC, USC

II. Prerequisites : Accounting 1 with a grade of “C” or better

III. Texts and References : Warren, Reeve, and Fess, Accounting, Twenty-first Edition, South-Western Publishing, 2005, ISBN:  0-324-33289-0.  This is a bundle of materials including the textbook (for ACCTG 1 and 2), Working Papers, PASS accounting software, Personal Trainer (an on-line homework manager) and Xtra! (additional learning tool).

Available at Santa Monica College bookstore

If you intend to use a used book, please understand that you still need to purchase Personal Trainer 3.0, as it is user-specific and cannot be transferred to another user once it has been registered. You may purchase Personal Trainer 3.0 in the following web site: http://ptrainer30.swlearning.com/ptrainer/ and click on “Buy Personal Trainer 3.0” at the bottom left

IV. Software & Hardware Requirement:  This course requires completion of homework using a web-based homework manager program called Personal Trainer, and the completion of an accounting project using Word and Excel software. The web link to access Personal Trainer is included within the homework instructions in e-Companion.

It is important that you have adequate computer skills and access to the hardware and software that will allow you to complete all assignments.  We all must make allowances for technical glitches, but it is important not to procrastinate and save work-in-progress at regular intervals.

V. Methods of Presentation : Lecture, Demonstration, Problem Solving, and Interactive Discussion.

VI. Course Content : Chapter 12 Corporations: Organization, Capital Stock Transactions, and DividendsChapter 14 Income Taxes, Unusual Income Items, and Investments in Stocks

Chapter 15 Bonds Payable and Investments in BondsAppendix D Foreign Currency TransactionsChapter 16 Statement of Cash FlowsChapter 17 Financial Statement AnalysisChapter 18 Introduction to Managerial Accounting and Job Order Cost SystemsChapter 19 Process Cost SystemsChapter 20 Cost Behavior and Cost-Volume-Profit Analysis

Chapter 21 Budgeting Chapter 22 Performance Evaluation Using Variances from Standard CostsChapter 23 Performance Evaluation for Decentralized OperationsChapter 24 Differential Analysis and Product PricingChapter 25 Capital Investment Analysis

VII. Methods of Evaluation :

Best 10 out of 11 Chapter Quizzes 150 Points (15 points for each chapter)Mid-Term Chapters 12 - 17 80 PointsFinal Exam Chapters 18 - 25 120 PointsHomework 54 Points (4 points for each chapter; 2 points for App D)Accounting project 20 PointsAttendance & Participation 10 PointsTotal Points 434 Points

Grade Scale:90% - 100% A80% - 89% B70% - 79% C60% - 69% D 0% - 59% F

Once graded, all scores will be posted in e-Companion immediately. Please note that the lowest quiz score will be dropped from your overall grade calculation. Once all quizzes are completed, the score to be dropped will be posted in e-Companion as a negative score under the column of “Drop Quiz”.

VIII. Course Expectations 1 Attend all classes. It is critical that you attend all classes for you to do well in this course.

Per school policy, you may be dropped from class for excessive absences, but it is YOUR RESPONSIBILITY to process an official drop if you no longer can, or wish to, attend class. Random class rolls will be taken at selected classes.

2 Be punctual. For the purpose of assigning attendance points, you are considered absent if you come in late or leave early without providing acceptable explanations. Handle your personal matters before class or during the break. Leaving class to place phone calls or use the restroom is unprofessional and disruptive. If you know you will have an emergency, let me know ahead of time, and sit near the door.

3 Positive participation and professionalism. To earn your participation points, you are expected to contribute your answers to the professor’s questions. You are also expected to be considerate and respectful of the professor as well as other students. Any students who demonstrate disrespectful behavior or disrupt the class progress by engaging in private conversations, entering/exiting during lecture, or any other disruptive conduct will not only lose participation points, but may also be suspended from class. Turn off beepers, cell phones or any electronic devices that generate noise. A total of 10 points can be earned for good attendance and participation.

4 Read the chapter BEFORE class. It is critical that you read the chapter before class and come with questions to address in class. Not all topics in the chapter will be covered in class. The lecture will focus on more complex topics that deserve class discussion. You will have difficulty catching up with the lecture if you come to class “unprepared”. Unless specifically addressed, any topic of the chapter may be covered in the quizzes or exams. Reading, homework and handout

practices are the key to help you do well in this course. You will get the maximum benefits from each class if you keep up with the readings and homework.

5 Print handouts and bring to class. Handouts are posted electronically in “e-Companion” for students to download and print out prior to the beginning of each class. The use of e-Companion will be demonstrated in the first class. You MUST come to each class session with the posted handout for that specific chapter coverage.

6 Special requests must be handled in my office, preferably written on a 8 ½ x 11” paper, in advance. Any personal request addressed inappropriately in the middle of class will most likely be denied.

IX. HomeworkHomework provide a total of 54 points. The break down is as follows:Homework chapter 12 to chapter 24 (4 points/chapter) 52 pointsHomework Appendix D 2 pointsTotal 54 points

Homework MUST be completed using a web-based homework manager program called Personal Trainer, except for problems specified to be completed in paper (problems in parentheses). A course key is required in Personal Trainer. The course key for this course is J_R_8956. Regardless of whether the problems are assigned in Personal Trainer or in paper, homework is always due at 8:30am, the beginning of class, on the dates specified in the course schedule. As of the due date and time, Personal Trainer will automatically assign you a % grade for your homework, based on completion and accuracy rate.  I will use that % from Personal Trainer as a basis for assigning your homework points. Late homework will receive zero credits. The use of Personal Trainer will be demonstrated in the first class. Instructions are also provided in e-Companion. If you have any difficulties accessing Personal Trainer, please immediately call 1(800) 423-0563.

For Homework problems to be submitted in paper, you must bring the hard copy to class. Diskettes or emailed homework are NOT accepted. The grading for homework in paper is based mainly on efforts; and the work must be completed in either one of the two formats:

1. using Working Papers that come with the text bundle. 2. using computer spreadsheets such as Microsoft Excel.

Point deduction if the following are not followed for Homework in paper:* Name, section number & assignment number must be printed legibly in the upper right hand corner (last

name, first name)* Homework sheets must be stapled together (no paper clips, please). It is your responsibility to make

sure your homework sheets stay attached. Loose pages without name and other identification will not be considered. Binders and folders are not required.

X. Quizzes & Exams:The quizzes and exams may consist of any combination of problems, multiple choice, true/false or essay questions. The format will depend, in part, on the nature of the material covered in the exam. All quizzes and exams must be taken at the times specified in the syllabus schedule. No make ups will be given. If all quizzes are taken, the lowest score will be dropped.

A scantron Form 882-ES will be needed for all quizzes and exams. Only basic calculators are allowed for all quizzes and exams. Cell phones are NOT allowed to be used as calculators. No sharing of writing utensils, calculator, or papers during quizzes and exams. Also see Academic Dishonesty for rules on test taking.

XI. Accounting Project:This is a group project that will be assigned immediately after the midterm. Details on the project will be disclosed in a separate handout.

XI. Academic Dishonesty:Academic dishonesty will not be tolerated. Academic dishonesty includes cheating, representing the work of others as your own, creating false information, plagiarism, or helping someone else commit academic dishonesty. You will receive “0” point if you commit any act of academic dishonesty as described above, or if you violate any of the following rules:

* You must only have on your desk the test, writing utensils, calculator* You may not borrow any of the above during the test* You may not talk to anyone after I have begun to pass out exams* You may not leave the room without permission, or take the exam sheets out of the room* You may not write on the test after it has been graded, except as instructed

PRINCIPLES OF ACCOUNTING 2 Office hour: MW 11:40am – 12:40pmProfessor Jenny Resnick C.P.A., MBA Session # 1017 TTh 7:55am – 8:25amPhone: (310)434-4895 E-mail: resnick_jenny_teach@smc.edu

Note: Problems in parenthesis must be submitted in paper.Problems NOT in parenthesis must be submitted in Personal Trainer.

Week Date Chapter Scheduled Event Reading & Homework Assignments Due (Due 8:30am on the date scheduled)

1 14-Feb Introduction 16-Feb 12 Read Ch 12

________________________________________________________________________________________________________________ 2 21-Feb 12/14 Read Ch14

23-Feb 14 Quiz on Ch 12 P 12-1A, P12-3A, P12-5A due ________________________________________________________________________________________________________________

3 28-Feb 14 02-Mar 15 Quiz on Ch 14 Read Ch 15; (P14-3A), P14-4A due

________________________________________________________________________________________________________________4 07-Mar Staff Development Day, Campus Closed

09-Mar 15 ________________________________________________________________________________________________________________

5 14-Mar AppD/16 Quiz on Ch 15 Read Appendix D & Ch 16; P15-2A, P15-3A 16-Mar 16 (App D Prob D-1 )

________________________________________________________________________________________________________________6 21-Mar 16

23-Mar 17 Quiz on Ch 16 Read Ch 17; (P16-1A), (P16-3A) due ________________________________________________________________________________________________________________

7 28-Mar 17 Review for mid-term 30-Mar Midterm ; go over Accounting project P17-1A, P17-2A, P17-4A due

____________________________________________________________________________________________________________ ____ 8 04-Apr 18 Read Ch 18

06-Apr 18

________________________________________________________________________________________________________________ 9 11-Apr Spring Break, No class

13-Apr Spring Break, No class

________________________________________________________________________________________________________________10 18-Apr 19 Quiz on Ch 18; Go over Mid-term Read Ch 19; P18-

1A, P18-2A, P18-3A due 20-Apr 19

________________________________________________________________________________________________________________11 25-Apr 19/20 Read Ch 20

27-Apr 20 Quiz on Ch 19 P19-1A, P19-4A due

________________________________________________________________________________________________________________12 02-May 20/21 Read Ch 21

04-May 21 Quiz on Ch 20 P20-2A, (P20-4A), (P20-6A) due

________________________________________________________________________________________________________________13 09-May 21/22 Read Ch 22

11-May 22 Quiz on Ch 21 (P21-3A), (P21-4A) due; Accounting Project Due

________________________________________________________________________________________________________________14 16-May 22/23 Read Ch 23

18-May 23 Quiz on Ch 22 P22-3A, P22-4A due;

________________________________________________________________________________________________________________15 23-May 24 Quiz on Ch 23 Read Ch 24; P23-1A, (P23-2A) due

25-May 24 ________________________________________________________________________________________________________________

16 30-May 25 Quiz on Ch 24 Read Ch 25; Exe 24-11, P24-2A, P24-3A due 01-June 25

________________________________________________________________________________________________________________

06-June Final Exam: 8:00-11:00am P25-2A, P25-6A due