ACT325: PRINCIPLES OF ACCOUNTING II Credit Hours: 3 Contact Hours: This is a 3-credit course, offered in accelerated format. This means that 16 weeks of material is covered in 8 weeks. The exact number of hours per week that you can expect to spend on each course will vary based upon the weekly coursework, as well as your study style and preferences. You should plan to spend 14-20 hours per week in each course reading material, interacting on the discussion boards, writing papers, completing projects, and doing research. COURSE DESCRIPTION AND OUTCOMES COURSE DESCRIPTION: In this course, students will expand upon the financial accounting topics presented in ACT300 Principles of Accounting I. Other concepts presented include content and preparation of the statement of cash flows and financial analysis of a company based on relationships within the financial statements. Also, the course covers the managerial accounting concepts of product costing, cost flows through a business, cost-volume-profit analysis, operational budgets, variance analysis, and capital budgeting. COURSE OVERVIEW: This course expands upon the financial accounting topics presented in ACT300 Principles of Accounting I. Other concepts presented include content and preparation of cash flow statement and financial analysis of a company based on horizontal, vertical, and ratio analysis within the financial statements. In addition, the course covers the managerial accounting concepts of product costing using job costing, process costing, and activity-based costing. This course will also cover topics about cost-volume-profit analysis, operational budgets, variance analysis, capital budgeting, and short-term business decisions. COURSE LEARNING OUTCOMES: 1. Prepare the statement of cash flows. 2. Analyze the financial statements to determine the financial status of a company. 3. Explain the basic terminology related to managerial accounting concepts. 4. Contrast cost accounting systems including job order costing, process costing, and activity-based costing. 5. Examine how cost-volume-profit analysis is used to maximize an organization s profits and mitigate its risk. 6. Construct a master budget for use in planning for future business activities. 7. Assess how flexible budgets and standard costing work in managing a company. 8. Evaluate capital budgeting decisions including making common short-term business decisions PARTICIPATION & ATTENDANCE Prompt and consistent attendance in your online courses is essential for your success at CSU-Global Campus. Failure to verify your attendance within the first 7 days of this course may result in your withdrawal. If for some reason you would like to drop a course, please contact your advisor.
Online classes have deadlines, assignments, and participation requirements just like on-campus classes. Budget your time carefully and keep an open line of communication with your instructor. If you are having technical problems, problems with your assignments, or other problems that are impeding your progress, let your instructor know as soon as possible. COURSE MATERIALS Textbook Information is located in the CSU-Global Booklist on the Student Portal. COURSE SCHEDULE Due Dates The Academic Week at CSU-Global begins on Monday and ends the following Sunday. Discussion Boards: The original post must be completed by Thursday at 11:59 p.m. MT and peer responses posted by Sunday 11:59 p.m. MT. Late posts may not be awarded points. Opening Exercises: Take the Opening Exercise before reading each week s content to see which areas you will need to focus on. You may take these exercises as many times as you need. The Opening Exercises will not affect your final grade. Mastery Exercises: Students may access and retake Mastery Exercises through the last day of class until they achieve the scores they desire. Critical Thinking: Assignments are due Sunday at 11:59 p.m. MT. Live Classroom: Although participation is not required, Live Classroom sessions are held during Weeks 1, 3, 5, and 7. There are four total sessions. WEEKLY READING AND ASSIGNMENT DETAILS MODULE 1 Chapter 16 in Fundamental Accounting Principles Megan, O., Hategan. C, Caciuc, L., & Cotlet, B. (2009). The cash flow statement: between true and manipulation. Annals of the University of Petrosani Economics, 9(2), 127-136. Motlagh, A. J. (2013). Accounting: Cash flow statement. Journal of Business and Management, (7)4, 109-116. Retrieved from http://www.iosrjournals.org/iosr-jbm/papers/vol7-issue4/m074109116.pdf Ovide, S. (2014, May 14). Tech firms' cash hoards cool fears of a meltdown. Wall Street Journal. Live Classroom (0 points) Option #1 or Option #2: Cash Flow Statement This course requires that you complete one of the two Module 1: Critical Thinking Options that covers material represented in the Module 1. These Module 1: Critical Thinking Options are exams where there is no time limit
The Module 1: Critical Thinking Options #1 and #2 open up at the start of Week 1. The Module 1: Critical Thinking Option you choose is due by 11:59 PM MT on Sunday of Week 1. Please refer to CSU-Global late policy MODULE 2 Chapter 17 in Fundamental Accounting Principles Covel, S., & Spors, K. K. (2009, January 22). To help collect the bills, firms try the soft touch. The Wall Street Journal. Edwards, A. (2008, March 21). Earnings digest: Study suggests bias in analysts rosy forecasts. The Wall Street Journal. Hagel, J. (2012, July). Bridging the ethical divide finds firms lagging. Journal of Accountancy, 214(1), 22-23. Option #1 or Option #2: Financial Statement Analysis This course requires that you complete one of the two Module 2: Critical Thinking Options that covers material represented in the Module 2. These Module 2: Critical Thinking Options are exams where there is no time limit The Module 2: Critical Thinking Options #1 and #2 open up at the start of Week 2. The Module 2: Critical Thinking Option you choose is due by 11:59 PM MT on Sunday of Week 2. Please refer to CSU-Global late policy MODULE 3 Chapter 18 in Fundamental Accounting Principles Grahame, S. (2011, June). Paper CO1 Fundamental of management accounting. Financial Management, 1(1): 46-48. Steven, G., F.C.M.A. (2011). Paper C01: Fundamentals of management accounting (also relevant to F1 financial operations). Financial Management, 46-48. Krumwiede, K. R., & Walden, W. D. (2013, August). Dream chocolate company: Choosing a costing system. Issues in Accounting Education, 28(3): 637-652. Live Classroom (0 points)
Option #1 or Option #2: Managerial Accounting Concepts This course requires that you complete one of the two Module 3: Critical Thinking Options that covers material represented in the Module 3. These Module 3: Critical Thinking Options are exams where there is no time limit The Module 3: Critical Thinking Options #1 and #2 open up at the start of Week 3. The Module 3: Critical Thinking Option you choose is due by 11:59 PM MT on Sunday of Week 3. Please refer to CSU-Global late policy MODULE 4 Chapters 19 & 20 in Fundamental Accounting Principles Appendix C: Activity Based Costing, pages C3-C7, in Fundamental Accounting Principles Arnold, E. (2009, December 28). Aim high. Forbes, p. 86. Retrieved from https://www.forbes.com/forbes/2009/1228/smart-collecting-art-purdey-shotguns-aimhigh.html#7d5adff2539c Krumwiede, K. R., & Walden, W. D. (2013, August). Dream chocolate company: Choosing a costing system. Issues in Accounting Education, 28(3): 637-652. Miller, J. W. (2007, Nov 29). Trappist command: Thou shalt not buy too much of our beer; monks at St. Sixtus battle resellers of prized brew; brother Joris plays hardball. The Wall Street Journal. Retrieved from https://csuglobal.idm.oclc.org/login?url=https://search-proquestcom.csuglobal.idm.oclc.org/docview/399030613?accountid=38569 Suthummanon, S., Ratanamanee, W., Boonyanuwat, N., & Saritprit, P. (2011). Applying activity based costing (ABC) to a parawood furniture factory, The Engineering Economist, 56(1) 80-93. Option #1 or Option #2: Job Ordering Costing, Process Costing, and Activity Based Costing This course requires that you complete one of the two Module 4: Critical Thinking Options that covers material represented in the Module 4. These Module 4: Critical Thinking Options are exams where there is no time limit
The Module 4: Critical Thinking Options #1 and #2 open up at the start of Week 4. The Module 4: Critical Thinking Option you choose is due by 11:59 PM MT on Sunday of Week 4. Please refer to CSU-Global late policy MODULE 5 Chapter 21 in Fundamental Accounting Principles Craft, M. (2009, May 11). Moreno s math. Forbes. Retrieved from https://www.forbes.com/global/2009/0511/066-sports-business-baseball-morenosmath.html#1db317b345e9 Kharif, O. (2008). Small, cheap and frighteningly popular. Businessweek, (4111), p.64. Steiner, C. (2009). Book it. Forbes, 184(4), 58. Live Classroom (0 points) Option #1 or Option #2: Cost-Volume-Profit (CVP) Analysis This course requires that you complete one of the two Module 5: Critical Thinking Options that covers material represented in the Module 5. These Module 5: Critical Thinking Options are exams where there is no time limit The Module 5: Critical Thinking Options #1 and #2 open up at the start of Week 5. The Module 5: Critical Thinking Option you choose is due by 11:59 PM MT on Sunday of Week 5. Please refer to CSU-Global late policy MODULE 6 Chapter 22: Master Budgets and Planning in Fundamental Accounting Principles, 23rd edition Castle, T. (n.d.) Rhino foods whitepaper: Open book management & bonus on goals program. Needleman, S. E., (2010, Mar 02). Entrepreneurs prefer to keep staffs lean --- after layoffs, companies learn to do more with less; jobs aren t going to come back just because business is better. The Wall Street Journal. Tuna, C. (2008, Dec 15). Theory & practice: Some firms cut costs without resorting to layoffs --- amid flood of job-reduction announcements, some employers believe axing people can be short-sighted response. Wall Street Journal. Welander, P. (2013). Basic process accounting for process manufacturing. Control Engineering, 60(7); 58.
Critical Thinking (70 points) Option #1 or Option #2: Master Budgets This course requires that you complete one of the two Module 6: Critical Thinking Options that covers material represented in the Module 6. These Module 6: Critical Thinking Options are exams where there is no time limit The Module 6: Critical Thinking Options #1 and #2 open up at the start of Week 6. The Module 6: Critical Thinking Option you choose is due by 11:59 PM MT on Sunday of Week 6. Please refer to CSU-Global late policy MODULE 7 Chapter 23 in Fundamental Accounting Principles Busan, G. & Dina, I. (2009). Using cost-volume-profit in decision making. Annals of the University of Petrosani Economics, 9(3): 103-106. Fairclough, G. (2008, Mar 10). How a heparin maker in china tackles risks; plant now supplying U.S. must make frequent checks to monitor difficult market. Wall Street Journal. Holmes, E., & Dodes, R. (2010, May 19). Cotton tale: Apparel prices set to rise. Wall Street Journal. O'Connell, V. (2008, Nov 17). Stores count seconds to trim labor costs. Wall Street Journal. Weber, J. (2009), Over a Buck for Dinner? Outrageous. BusinessWeek, (4122), 57. Discussion (20 points) Live Classroom (0 points) Survey (5 points) MODULE 8 Chapter 25 in Fundamental Accounting Principles Boyle, M. (2008). The budget knives come out. BusinessWeek, (4103) 30. Harjoto, M.A., & Paqlia. J.K. (2012). Cost of capital and capital budgeting for privately-held firms: evidence from business owners survey. Journal of Accounting & Finance (2158-3625), 12(5): 71-85. Portfolio Project (350 points) Choose one of the following two assignments to complete this week. Do not do both The assignments will be completed in McGraw Hill Connect. Option #1 or Option #2: Capital Budgeting
This course requires that you complete one of the two Portfolio Project Options that covers material represented in the entire course. These Portfolio Projects are exams where there is no time limit however the exams must be completed in one sitting. You cannot leave the exam and come back to it so please allow yourself enough time to complete all the questions. Note that you are only given one attempt to complete the Portfolio Project so ensure that you are prepared. The Portfolio Project Options #1 and #2 open up at the start of Module 8 and will remain open until 11:59 PM MT Sunday of Week 8. The Portfolio Project Option you choose must be completed by 11:59 PM MT on Sunday of Week 8. No attempts will be accepted after then.
COURSE POLICIES Course Grading Grading Scale 20% Discussion Participation 0% Opening Exercises 0% Live Classroom 8% Mastery Exercises 37% Critical Thinking Assignments 35% Final Portfolio Project A 95.0 100 A- 90.0 94.9 B+ 86.7 89.9 B 83.3 86.6 B- 80.0 83.2 C+ 75.0 79.9 C 70.0 74.9 D 60.0 69.9 F 59.9 or below
IN-CLASSROOM POLICIES For information on late work and incomplete grade policies, please refer to our In-Classroom Student Policies and Guidelines or the Academic Catalog for comprehensive documentation of CSU-Global institutional policies. Academic Integrity Students must assume responsibility for maintaining honesty in all work submitted for credit and in any other work designated by the instructor of the course. Academic dishonesty includes cheating, fabrication, facilitating academic dishonesty, plagiarism, reusing /repurposing your own work (see CSU-Global Guide to Writing and APA Requirements for percentage of repurposed work that can be used in an assignment), unauthorized possession of academic materials, and unauthorized collaboration. The CSU-Global Library provides information on how students can avoid plagiarism by understanding what it is and how to use the Library and Internet resources. Citing Sources with APA Style All students are expected to follow the CSU-Global Guide to Writing and APA Requirements when citing in APA (based on the APA Style Manual, 6th edition) for all For details on CSU-Global APA style, please review the APA resources within the CSU-Global Library under the APA Guide & Resources link. A link to this document should also be provided within most assignment descriptions in your course. Disability Services Statement CSU-Global is committed to providing reasonable accommodations for all persons with disabilities. Any student with a documented disability requesting academic accommodations should contact the Disability Resource Coordinator at 720-279-0650 and/or email ada@csuglobal.edu for additional information to coordinate reasonable accommodations for students with documented disabilities. Netiquette Respect the diversity of opinions among the instructor and classmates and engage with them in a courteous, respectful, and professional manner. All posts and classroom communication must be conducted in accordance with the student code of conduct. Think before you push the Send button. Did you say just what you meant? How will the person on the other end read the words? Maintain an environment free of harassment, stalking, threats, abuse, insults, or humiliation toward the instructor and classmates. This includes, but is not limited to, demeaning written or oral comments of an ethnic, religious, age, disability, sexist (or sexual orientation), or racist nature; and the unwanted sexual advances or intimidations by email, or on discussion boards and other postings within or connected to the online classroom. If you have concerns about something that has been said, please let your instructor know.