SYLLABUS

DIVISION: BUSINESS & ENGINEERING TECHNOLOGIES DATE: 5/11/04

CURRICULA IN WHICH COURSE IS TAUGHT: Accounting, Business Management, Track IV, Information Systems Technology

COURSE NUMBER AND TITLE: ACC 112, Accounting II

CREDIT HOURS: HOURS/WK LECTURE: 3

I. CATALOG DESCRIPTION: Continues ACC 111 with emphasis on application to partnerships, and corporations. Also includes an introduction to cost and managerial accounting, Prerequisite: ACC 111.

II. RELATIONSHIP OF THE COURSE TO CURRICULA OBJECTIVES IN WHICH IT IS TAUGHT: One of the objectives of the accounting curriculum is that students be able to present the fundamental accounting concepts and principles in a logical, concise and clear manner.

III. REQUIRED BACKGROUND: Four units of high school English, one unit of high school math, problem solving ability, self discipline.

IV. COURSE CONTENT:

Plant assets and intangible assets

Payrolls

Partnerships

Corporation

Cost Accounting

V. LEARNER OUTCOMES: VI. EVALUATION

The student should be able to:

1. List the characteristics of plant assets and In-class test

prepare journal entries for the acquisition of

plant assets.

2. Explain the nature of depreciation and depletion In-class test

and prepare journal entries for the recording of

depreciation and depletion.

3. List the characteristics of intangible assets and In-class test

prepare journal entries for the recording of

intangible assets.

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4. Prepare the accounting entries for payrolls, In-class test and

including liabilities arising from employee Computer problem

earnings, deductions from earnings, and

employer’s payroll taxes.

5. List basic characteristics of partnership In-class test

organization and operations which have

accounting implications.

6. Prepare journal entries for the formation, In-class test and

income division and liquidation of a part- Computer problem

nership and the admission and withdrawal

of a new partner to an existing partnership.

7. Prepare financial statements for a partnership. In-class test

8. List the characteristics of corporations which In-class test and

have accounting implications and prepare Computer problem

journal entries for the issuance of preferred

stock at a premium and discount and for the

issuance of common stock (par or stated value

stock) at a premium or discount.

9. Prepare the stockholders’ equity section for a In-class test

corporation balance sheet and compute the equity

per share of preferred stock and common stock.

10. Prepare journal entries for the issuance of stock In-class test and

subscriptions and for the purchase and sale of trea- Computer problem

sury stock.

11. Define earnings per common share and compute In-class test

earnings per common share for a simple capital

structure.

12. Prepare journal entries and a retained earnings In-class test and

statement which includes appropriation of re- Computer problem

tained earnings.

13. Prepare journal entries for recording cash In-class test

dividends, stock dividends, liquidating

dividends, and stock splits.

14. Define and list the various types of corporate In-class test

bonds and prepare journal entries for the

issuance, amortization and redemption of corporate

bonds.

15. Describe and illustrate a job order cost accounting In-class test

system and prepare the necessary journal entries and

financial statements.

16. Describe and illustrate a process cost accounting In-class test

system and prepare the necessary journal entries

and financial statements.

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17. Prepare a statement of cost of goods In-class test

manufactured statement and a cost of

production report, including the com-

putation of equivalent units of production.

18. Describe and illustrate the nature and In-class test

objectives of budgeting and the budgeting

process.

VII. THE FOLLOWING GENERAL EDUCATION OBJECTIVES WILL BE ADDRESSED IN THIS COURSE:

Communications

Learning Skills

Interpersonal Skills and Human Relations

Computational Skills