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ACCY 202 Introduction to Accounting Principles II

Version 3 

 

ACCY 202 IS v4: Accounting Principles II
University of Mississippi

3 credit hours

Instructor Information:

Dave Nichols

Instructor name:
Dr. Dave Nichols

Instructor Information:
Dr. Nichols is an Associate Professor in the E. H. Patterson School of Accountancy at The University of Mississippi. He earned his Ph.D. in Accounting at Oklahoma State University.

His research interests include, in addition to Title VII employment issues, accounting certification issues and the usefulness of geographic segment reporting.

Contact Information:

If you have questions concerning the content of the course, you may contact the instructor directly using the Email Your Instructor link in the Lessons or Content page. NOTE: Whenever sending email, please be sure to indicate your course title and number in the subject line. You can expect a response within 72 hours, although it may be longer on weekends. Many instructors reply within 24 hours.

For lesson or test administration issues, please contact the iStudy department:

The University of Mississippi
Division of Outreach and Continuing Education
iStudy
P. O. Box 1848
University, MS 38677

Phone: (662) 915-7313, toll-free (877) 915-7313
Fax: (662) 915-8826
E-mail: istudy@olemiss.edu

Course Description

This 13-lesson Independent Study course is on the topic of Accountancy. Accountancy 201, the first half of Introduction to Accounting Principles, gave you the basic foundation for preparing, understanding, and using financial information. Accountancy 202, the second half of Introduction to Accounting Principles, gives you a basic foundation for preparing, understanding, and using financial information. The course is designed to prepare you for more advanced study in the field of accounting as well as in related fields of business and economics. The course is also designed for students of the arts and sciences who desire a basic knowledge of financial record keeping, financial reports, and the basic elements of business.

Accountancy 201 is a prerequisite for Accountancy 202. Financial reporting for corporations and managerial accounting are emphasized in this course. Specialized topics covered include bonds, business planning, and budgeting.

Textbook Information:

ACCY 101 TEXTBOOK

Financial and Managerial Accounting – Information for Decisions by Wild, Shaw, and Chiappetta – 6th edition

You can purchase it 3 ways:

  • Financial and Managerial Accounting with Connect – ISBN: 9781259621758

-or-

  • Loose-Leaf for Financial and Managerial Accounting with Connect – ISBN: 9781259622885

-or-

  • Connect 2 Semester Access Card for Financial and Managerial Accounting – ISBN: 9780077633059

You will need the Connect homework system associated with the textbook--you can follow the links within Blackboard to register the code. NOTE: This is the same book used for ACCY 201.

It is your responsibility to order your textbook. Online textbook retailers such as Amazon.com, ABEbooks.com, or Half.com usually provide used textbooks at economical prices.

Use the ISBN number to make sure you are ordering the exact book required in this syllabus.

Course Objectives:

    The objective of the course is to:

  • provide you with a basic understanding of financial and managerial accounting
  • enable you to prepare and understand a statement of cash flows and to perform basic financial statement analysis
  • enable you to understand basic managerial accounting concepts, including job order, process, activity-based, and variable costing
  • expose you to cost-volume-profit analysis, budgeting and relevant costing

Course Outline:

This course consists of 13 instructional modules (or lessons).

Lessons & Exams

Reading Assignments

To Be Submitted

Start Here

You MUST take the syllabus quiz within 2 weeks of enrolling or you will be dropped from the course. NOTE: you must pass the Syllabus and Orientation Quiz for the course materials to appear on the Lessons page.

Syllabus Quiz

0

Introduction

Discussion board

Lesson 1

Chapter 12: Reporting Cash Flows

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 2

Chapter 13: Analysis of Financial Statements

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 3

Chapter 14: Managerial Accounting Concepts and Principles

SmartBook chapter, interactive presentations, homework, timed quiz

Course Exam 1

Proctored exam covering chapters 12-14

To be scheduled and completed before proceeding

Lesson 4

Chapter 15: Job Order Costing and Analysis

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 5

Chapter 16: Process Costing and Analysis

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 6

Chapter 17: Activity-Based Costing and Analysis

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 7 

Chapter 18: Cost Behavior and Cost-Volume-Profit Analysis

SmartBook chapter, interactive presentations, homework, timed quiz

Course Exam 2

Proctored exam covering chapters 15-18

To be scheduled and completed before proceeding

Lesson 8

Chapter 19: Variable Costing and Analysis

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 9

Chapter 20: Master Budgets and Performance Planning

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 10 

Chapter 21: Flexible Budgets and Standard Costs

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 11

Chapter 22: Performance Measurement and Responsibility Accounting

SmartBook chapter, interactive presentations, homework, timed quiz

Course Exam 3

Proctored exam covering chapters 19-22

To be scheduled and completed before proceeding

Lesson 12

Chapter 23: Relevant Costing for Managerial Decisions

SmartBook chapter, interactive presentations, homework, timed quiz

Lesson 13

Chapter 24: Capital Budgeting and Investment Analysis

SmartBook chapter, interactive presentations, homework, timed quiz

Final Exam

Comprehensive proctored exam from all chapters

To be scheduled and completed before proceeding

Grading:

The grading format is as follows:

Smartbook assignments = 2%
Interactive presentation assignments = 2%
Homework questions = 6%
Quizzes = 5%
Course Exams 1, 2, and 3 = 20%
Final Exam 25%

The three mid-term exams will be equally weighted at 20% each and will make up 60% of your grade. The final exam will be 25% of your grade. Lesson assignments, homework, and quizzes will make up the remaining 15% of your grade.

FAILURE TO PASS THE FINAL EXAM WILL RESULT IN FAILURE OF THE COURSE.

Testing Infromation:
A student who wishes to receive credit for an Independent Study course must take all required exams under the supervision of an approved test site official (a proctor). iStudy has a testing facility (DETL, the Distance Education Testing Center at UM) to proctor tests for students in the Oxford area. Students near Tupelo, Southaven, Grenada or Booneville can use our regional campus testing centers. Other students are allowed to take tests from any approved 2 or 4 year college or university. Testing centers and public libraries can also serve as proctors, but K-12 schools are not acceptable. More information is available on the iStudy website. If you are testing in Oxford, you need to submit a test application via Register Blast. The link to Register Blast can be found at the iStudy website. If you are not testing in Oxford, you need to submit an online test application via the iStudy website.

NOTE:

Studying for Mid-Course Tests and the Final Examination:
A well-prepared accounting student will have read the chapters, worked the assigned exercises and problems, and worked additional exercises and problems. Simply reworking the assigned exercises and problems is not sufficient. The more additional exercises and problems a student works the better prepared the student becomes for the Accounting Mid-Course tests and Final Examination. The final exam is comprehensive.

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