ACCY 202 Introduction to Accounting Principles II

ACCY 202 IS Sec 5, University of Mississippi
[See UM Catalog for Description]

3 credit hours

Instructor Information:

Description: Dave Nichols

Instructor: Dr. Dave Nichols

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
P. O. Box 1848
University, MS 38677

Phone: (662) 915-7313, toll-free (877) 915-7313
Fax: (662) 915-8826

Course Description

This 12-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:

Textbook information will be provided upon enrollment in your iStudy course.

Course Objectives:

The objectives of the course are 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 12 instructional modules (or lessons).

Lesson Reading Assignments Due for Grades Pacing Guide
to complete the course in one semester
Start Here *You MUST complete the syllabus quiz as soon as you have access to your Blackboard course. This is mandatory to verify your attendance.* NOTE: you must pass the Syllabus and Orientation Quiz for the course materials to appear on the Lessons page. Syllabus Quiz Week 1
0 Introductions and using the online homework system Discussion board Week 1
1 Chapter 13 - Statement of Cash Flows Chapter 13 homework, Chapter 13 quiz Week 1
2 Chapter 14 - Financial Statement Analysis Chapter 14 homework, Chapter 14 quiz Week 2
3 Chapter 15 - Introduction to Managerial Accounting Chapter 15 homework, Chapter 15 quiz Week 3
4 Chapter 16 - Job Order Costing Chapter 16 homework, Chapter 16 quiz Week 4
Course Exam 1 Covers chapters 13-16 To be scheduled
and completed
before proceeding
Week 5
5 Chapter 17 - Process Costing Chapter 17 homework, Chapter 17 quiz Week 6
6 Chapter 18 - Activity-Based Costing Chapter 18 homework, Chapter 18 quiz Week 7
MIDPOINT OF COURSE If you are a semester student, you must reach the midpoint of your course by the date specified in your orientation information.
If you are a Flex UM student, you CANNOT WITHDRAW from this course after the lesson has been submitted.
All lesson assignments or exams needed to reach the midpoint of the course The exact date semester students are required to reach the midpoint is specified in your  information.
7 Chapter 19 - Support Department and Joint Cost Allocation Chapter 19 homework, Chapter 19 quiz Week 8
8 Chapter 21 - Variable Costing for Management Analysis Chapter 21 homework, Chapter 21 quiz Week 9
Course Exam 2 Covers chapters 17-19 and 21 To be scheduled
and completed
before proceeding
Week 10
9 Chapter 22 - Budgeting Chapter 22 homework, Chapter 22 quiz Week 11
10 Chapter 23 - Evaluating Variances from Standard Costs Chapter 23 homework, Chapter 23 quiz Week 12
11 Chapter 25 - Differential Analysis and Product Pricing Chapter 25 homework, Chapter 25 quiz Week 13
12 Chapter 26 - Capital Investment Analysis Chapter 26 homework, Chapter 26 quiz Week 14
Final Exam Comprehensive exam from all chapters (ensure all work is completed and graded prior to scheduling this exam) To be scheduled
and completed
before proceeding
Week 15


GRADING SCALE: It is the policy of the School of Accountancy not to use the +/- grading scale.
90 - 100% = A
80 - 89% = B
70 - 79% = C
60 - 69% = D
Below 59% = F

The grading format is as follows:
Online homework (quizzes, homework exercises) = 17.5%
Course Exam 1 = 27.5%
Course Exam 2 = 27.5%
Final Exam = 27.5%


You must submit the lessons required to take the course exam(s). Lessons required but not submitted will receive a grade of zero. For the final exam, all coursework must be submitted and graded.