ACCT101 - Accounting II

After successfully completing this course, you will be able to:

• CO1. Prepare corporate financial statements, including: income statement, statement of stockholders' equity, and statement of cash flows.
• CO2. Explain the characteristics of managerial accounting, including: value---based and activity---based management, short---run decision analysis, performance management, and capital investment analysis.
• CO3. Analyze financial data using horizontal analysis, vertical analysis, and ratios.
• CO4. Compute income and loss distribution, partner admissions or withdrawals, and asset distributions from liquidations for a partnership.
• CO5. Classify costs and transactions of job order and process cost systems.
• CO6. Describe the budgeting process for master, operating, and financial budgets.

Method of Assessment

A. Tests & Paper

There will be two (2) tests in the course, a midterm and a final given in modules four and eight respectively. The tests in this class will consist of multiple choice questions and/or short answer problems. Tests will be three hours long and focus on the material covered in the course. Tests may be administered using the Examity test proctoring service. Please verify in the course announcements and/or the Lessons tab if the course will use test proctoring. It is the student’s responsibility to notify the instructor and the test proctoring service regarding any schedule changes or non- disability related accommodations. The course will have a comprehensive paper that will measure student understanding of the course objectives along with research and writing skills. Please refer to the APA Manual 6th edition for the format of the paper.

B. Assignments:

Course assignments will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.). These assignments will be a series of quizzes consisting of exercises, problems, and simulations. Assignments will have a specific due date with specific instructions. Late assignments will be subject to the university’s Late Work/Make-up Policy detailed in the student handbook. Please be advised the instructor reserves the right to implement their own late assignment policy.

C. Homework:

Throughout the term, homework will be given in several modules to test student understanding of the material. Homework will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.) and consist of questions, problems, or simulations. Please be advised the instructor reserves the right to implement their own late assignment policy.

D. Discussion Forums:

Participation in the discussion forums is an essential component of the final grade. All students are expected to engage in lively discussions and answer instructor follow-up questions. The quality of participations along with student netiquette will be a part of the grade.

Assessment of the Course Objectives

The following distribution will be used in assigning grades (decimal points will be rounded to the nearest whole number at semester’s end).