ACG 2071-003

57349
Principles of Accounting 2
Summer 2013
GS 102
Tuesday 6:30pm-9:40pm
Professor Information
Min Liu
Office: KH 111
Email: mliu5@fau.edu (this is the best way to contact me)
Phone Number: 561-297-4068
Office Hours
Instructor (from May 14 July 23, 2013)
Location: 410 Fleming Hall
Days and Times: Tuesday, 5:00 p.m.-6:20 p.m. and by appointment
Required Text and Materials
Required: Financial & Managerial Accounting, Williams, Haka, Bettner, and Carcello, 16th
Edition.
Calculator: A four-function calculator may be used during exams. No other calculators are
allowed during exams.
Recommended Materials
The textbook (Financial & Managerial Accounting) may or may not include a McGraw Hill
connect access code. McGraw Hill connect is not required by this course. However, it is strongly
recommended to have McGraw Hill connect for its convenience to your study.
Course Description
Principles of Accounting 2 (ACG 2071) is the second course in accounting principles. It is
designed to acquaint students with accounting concepts and their underlying theories. It is an
introduction to managerial accounting concepts with emphasis placed on use of accounting
information in decision making.
WARNING!!!! Accounting is more than just putting the numbers in the boxes. The study of
accounting at the college level is typically rigorous and requires a significant level of dedication.
Students who expect to succeed, should, therefore, be prepared to invest the appropriate amount
of time and effort.

Course Prerequisites and Credit Hours

ACG 2021 with grade of C or better (3 credits)
Course Learning Objectives
Study of managerial accounting should help the student develop the following accounting skills:
1. Define managerial accounting, explain the differences and similarities between financial
accounting and managerial accounting.
2. Identify the three inventory accounts and describe the entries affecting the inventory
accounts of a manufacturing company.
3. Calculate and explain departmental and company wide overhead rates and the overhead
application process. Identify and explain the three components of manufacturing cost:
Direct material, direct labor and manufacturing overhead.
4. Explain the ways that companies measure the cost of quality throughout the value chain.
5. Effectively use formulas to calculate and explain the meaning of cost volume profit
related measures such as contribution margin, fixed cost vs. variable cost and break-even
analysis.
6. Explain how to measure cost behavior to estimate results of short term decisions such as
make or buy, special orders, opportunity cost, sunk cost and further processing.
7. Prepare a complete master budget including income statement, balance sheet and cash
budget. Prepare a flexible budget for any level of activity. Prepare comparative budget
statements showing actual results, budgeted results and variances.
8. Explain the meaning of standard cost. Demonstrate the ability to calculate manufacturing
variances including price and usage variances.
9. Explain different tools for measuring company or departmental performance such as
responsibility margin, return on investment, residual income and EVA.
10. Explain capital budgeting concepts and use the tools for measuring predicted outcomes
such as Net Present Value, Payback and Simple Rate of Return.
Course Resources
Website:

Blackboard and
TEXTBOOK WEBSITE www.mhhe.com/williams_basis16e
This is where you do practice quizzes, etc.
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This is where you buy a Connect code if it didnt come with your
text and you dont have a code from Principles 1.

Supplemental
Instruction:

What is Supplemental Instruction? Also known as SI, this is a

free, peer-led study group program designed to assist all enrolled
students in gaining a better understanding of course material
through guided outside group work. You may visit
www.fau.edu/si for more information on your SI leader, session
dates, times and locations.
SI Sessions
Tuesday: 5:30pm to 6:20pm. Location: PS 113
Contact Info
SI Leader: Duc Nguyen
E-mail: dnguye23@fau.edu
Phone: 561-297-0906 (C.L.A.S.S. Office)

Grading Scale
The following is a rough guide on grade distribution:
A

92% and
above

72 - 77%

A-

90 - 91%

C-

70 - 71%

B+

88 - 89%

D+

68 - 69%

82 - 87%

62 - 67%

B-

80 - 81%

D-

C+

78 - 79%

60 - 61%
59% and
below

To pass this course as a student of the College of Business you must receive a grade of at least
C.
Course Evaluation Method
The following table summarizes each component of your grade for this course.
Component
Exam 1
Exam 2
Exam 3
Final Exam

Points
100
100
100
100

Percent
20%
20%
20%
20%
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Quizzes
Class Participation
Total

75
25
500

15%
5%
100%

Additional Course Policies

Missing Exams
Make-up exams will not be given. In cases of extreme hardship (e.g., hospitalization of student,
death of immediate family member, unavoidable out-of-town business), the final exam may be
reweighted to count for the missed exam. If at all possible, speak with me prior to the exam to
receive permission to reweight the final. Failure to seek prior approval will greatly reduce your
chance of receiving approval. If you miss an exam and are not permitted to reweight the final
exam, you will be given a zero for the missed exam. Please see Religious Accommodations
Policy Statement and University Approved Travel Policy Statement for exceptions
Late Assignments
Quizzes submitted past the due date will not be accepted for any reason, including, but not
limited to system failures and natural disasters. Early completion of quizzes is strongly
encouraged!
Attendance Policy
Students are expected to attend all scheduled class sessions. Students may lose 5% of available
Class Participation points for each missed class session.
Exams
There will be four exams given in this course. All exams will be administered during lecture
sessions on the dates listed on the course outline. The exams will cover the textbook material,
lectures, and class discussions. Exams will be in the form of multiple-choice questions. Students
are required to bring the green scantrons that are sold at the FAU bookstore. Students should
submit their exams and scantrons for grading prior to leaving the classroom. Refer to missed
exam policy for complete information on policies related to missed exams.
Quizzes
A series of online quizzes are posted on blackboard. The online quiz component of the grade
will be determined by the total number of points earned relative to the total number of points
available for the semester.
Quizzes must be submitted by 11:30 pm on Saturdays during the week covering the Unit (see
course schedule for specific due dates).
You can only attempt once. Your quizzes are graded on the version you submitted. Each attempt
will have a 0.5 -1.5 Hours TIME LIMIT.
Quizzes submitted past the due date will not be accepted for any reason, including, but not
limited to system failures and natural disasters. Early completion of quizzes is strongly
encouraged!

Your Responsibility
I expect you to bring the following to every class:

Preparation You are responsible for preparing diligently for each class by reading the
applicable portions of the textbook and completing the homework assignments as
indicated in the tentative course calendar. You do not have to be correct, but you should
attempt every homework exercise / problem to the best of your ability.

Attitude You are responsible for bring a positive learning attitude to each class. A
positive attitude helps create a vibrant learning environment.
Policies

Cell Phones. Cell phones should be turned off during class. Cell phones are not allowed to be
used at all during exams.
Identification. The instructor reserves the right to request identification during exams. The
instructor reserves the right to take a students picture during exams or other classes.
Honor Code. The Florida Atlantic University Honor Code governs all student activities
throughout this course. A fundamental principle of academic, business, and community life is
honesty. Violation of this ethical concept shall result in penalties ranging from a grade of F in
the course to dismissal from the University. In all penalties, a letter of fact shall be included in
the students file. The honor code is available in the catalog.
Professional Conduct. To foster a more professional learning environment and to develop
habits that lead to success in the business work, all participants must engage in professional
behavior, including:
1. Taking responsibility for individual actions.
2. Attending each class session, including arriving promptly and leaving at the designated time.
Attendance sign-in sheets may therefore be used and excess absences may impact the
participation grade.
3. Being attentive and an active participant in group activities and class discussions.
4. Respecting diversity in the classroom and treating everyone involved in the class in a civil
manner.
5. Planning outside activities to avoid conflicts with the activities outlined in the syllabus.
6. Meeting all deadlines in the course for assignments, projects, etc.
7. Acknowledging the importance of clarity of expression in written and oral communication
and understanding that the course grade will be affected by your ability to communicate.
Points Awarded. All points except final exam will be available by July 23, 2013. Students
should check their points in blackboard and report any and all discrepancies within the next 72
hours (July 26, 2013). At the end of the day on July 26, 2013 all grades will be considered final.

Electronic Communication. Blackboard and FAU email will be used in this course for content
delivery, homework, and other communications. Accordingly, it is the students responsibility
to check the Blackboard course site and their FAU email account for announcements, etc.
Students are responsible for ensuring that the correct email address is used for blackboard.
Hurricanes. In the event of a hurricane warning or watch, the class will meet in accordance
with the university policy. Classes cannot be individually cancelled by the instructor, although
assignments and exams may be modified or postponed in the event of a hurricane. Students
should monitor Blackboard announcements regarding any weather-related course issues.

Course Outline
Tentative Class Schedule and Homework Assignments for Spring 2013
Date

Chapter

05/14/2013

Review Syllabus &

Chapter 16

05/21/2013

05/28/2013
06/04/2013
06/11/2013

06/18/2013

Chapter 17,
Chapter 19,
& Review Exam 1

Chapter 22
& Exam 1
Review Ch22
& Chapter 20
Chapter 21
& Review Exam 2

06/25/2013

Chapter 23
& Exam 2
Chapter 23

07/02/2013

Chapter 24

Practice
Assignments
BE 1,2,4
E 1,2,3, 5,6, 8,10,13
PS 2A,6A
Ch17: BE 1 5, 8 10
E 1,2,3,4,5,7,8,13,15
PS 1A, 2A,
3A,5A,7A
Ch19: BE 1,2,4,6,9
E 1,3, 5, 6
PS 2A, 3A,4A
Ch22: BE 1 6,8,9
E 1 3,6,7,8
PS 1A,2A, 5A
BE 1 8, 10
E 1, 2-5,7,8,9,11- 13
PS 1A,2A,6A
BE 1,2,4,5,9
E 1,3,4,5,79,11,12,14
PS 1A,2A,5A, 7A
BE 1-8
E 1,2,3, 7-10,13
PS 1A,3A 7A
BE 1 6, 8, 10

Graded Quizzes
(Must be done on
Blackboard)
Ch16 (10 points)
[Due on 05/18/2013]
Ch17 (10 points)
& Ch19 (5 points)
[Due on 05/25/2013]

Ch22 (5 points)
[Due on 06/01/2013]
Ch20 (10 points)
[Due on 06/08/2013]
Ch21 (5 points)
[Due on 06/15/2013]

Ch23 (10 points)

[Due on 06/29/2013]

& Review Exam 3

07/09/2013
07/16/2013

Exam 3
Chapter 25
& Chapter 26

07/23/2013

Chapter 26
& Final Review
Final Exam

07/30/2013

E 1 9,11,13
PS 1A,4A, 5A

Ch24 (10 points)

[Due on 07/06/2013]

BE 1 5, 8
E 1, 4, 5
PS 1A,3A,5A
BE 1 4,7,9
E 1,4,7,10
PS 2A,3A

Ch25 (5 points)
[Due on 07/202013]
Ch26 (10 points)
[Due on 07/24/2013]

Important Dates:
Last day to drop without an F 06/21/2013.
Last class 07/23/2013
Final exam 07/30/2013, 6:30PM-9:00PM

Selected School, University and College Policies

School of Accounting Announcements and Events
Students are strongly encouraged to join our LinkedIn Student Group and/or like our
Facebook Group Page. LinkedIn and Facebook will provide important School of
Accounting announcements, news, internships, job postings and events. You will also be
able to connect with accounting students, alumni, and accounting professionals - an
invaluable resource.
o To join LinkedIn, simply click on the link above. If you are already registered
with LinkedIn, the link will take you to our home page. If you have not yet
registered with LinkedIn, simply complete the short registration form. Once you
are at our home page, select join group.
o To like our Facebook page, simply click on the link above. If you are already
registered with Facebook, the link will take you to our group page. If you have
not yet registered with Facebook, simply complete the short registration form.
Once you are at our group page, select like.
Important student events are also posted in the School of Accounting Google Calendar.
Students are strongly encouraged to subscribe to the calendar and participate in the
events. All posted events are open to all students and provide an opportunity for students
to build a strong professional network, a critical element for a successful career in
business and accounting.
o To subscribe to the School of Accounting calendar from other applications, copy
and paste the following URL into any calendar product that supports the iCal
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format (e.g., iPhone, Outlook). Do not just click on the link below as this will
only provide a copy of the current calendar.
o http://www.google.com/calendar/ical/fau.edu_enf3tksj4013stlllpjc91ri48%
40group.calendar.google.com/public/basic.ics
o To access the School of Accounting Calendar in any web browser:
o http://www.google.com/calendar/embed?
src=fau.edu_enf3tksj4013stlllpjc91ri48%40group.calendar.google.com&ct
z=America/New_York
o To access the School of Accounting Calendar from other applications, copy and
paste the following into any feed reader:
o http://www.google.com/calendar/feeds/fau.edu_enf3tksj4013stlllpjc91ri48
%40group.calendar.google.com/public/basic
Current accounting students will receive the School of Accounting's e-Newsletter every
second and fourth Monday of each month.
Information is also available on the SOA's website (http://soa.fau.edu).

School of Accounting Policies

You are responsible for School of Accounting policies. These policies are considered to be an
integral part of this syllabus.
Code of Academic Integrity Policy Statement
Students at Florida Atlantic University are expected to maintain the highest ethical standards.
Academic dishonesty is considered a serious breach of these ethical standards, because it
interferes with the university mission to provide a high quality education in which no student
enjoys an unfair advantage over any other. Academic dishonesty is also destructive of the
university community, which is grounded in a system of mutual trust and places high value on
personal integrity and individual responsibility. Harsh penalties are associated with academic
dishonesty. For more information, see University Regulation 4.001.
Disability Policy Statement
In compliance with the Americans with Disabilities Act (ADA), students who require reasonable
accommodations due to a disability to properly execute coursework must register with the Office
for Students with Disabilities (OSD) in Boca Raton, SU 133 (561-297-3880); in Davie, LA
240 (954-236-1222); in Jupiter, SR 110 (561-799-8010) and follow all OSD procedures.
Religious Accommodation Policy Statement
In accordance with rules of the Florida Board of Education and Florida law, students have the
right to reasonable accommodations from the University in order to observe religious practices
and beliefs with regard to admissions, registration, class attendance and the scheduling of
examinations and work assignments. For further information, please see Academic Policies and
Regulations.
University Approved Absence Policy Statement
In accordance with rules of the Florida Atlantic University, students have the right to reasonable
accommodations to participate in University approved activities, including athletic or scholastics
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teams, musical and theatrical performances and debate activities. It is the students responsibility
to notify the course instructor at least one week prior to missing any course assignment.
College of Business Minimum Grade Policy Statement
The minimum grade for College of Business requirements is a C. This includes all courses that
are a part of the pre-business foundation, business core, and major program. In addition, courses
that are used to satisfy the universitys Writing Across the Curriculum and Gordon Rule math
requirements also have a minimum grade requirement of a C. Course syllabi give
individualized information about grading as it pertains to the individual classes.
Incomplete Grade Policy Statement
A student who is passing a course, but has not completed all work due to exceptional
circumstances, may, with consent of the instructor, temporarily receive a grade of incomplete
(I). The assignment of the I grade is at the discretion of the instructor, but is allowed only if
the student is passing the course.
The specific time required to make up an incomplete grade is at the discretion of the instructor.
However, the College of Business policy on the resolution of incomplete grades requires that all
work required to satisfy an incomplete (I) grade must be completed within a period of time not
exceeding one calendar year from the assignment of the incomplete grade. After one calendar
year, the incomplete grade automatically becomes a failing (F) grade.
Withdrawals
Any student who decides to drop is responsible for completing the proper paper work required to
withdraw from the course.
Grade Appeal Process
A student may request a review of the final course grade when s/he believes that one of the
following conditions apply:
There was a computational or recording error in the grading.
Non-academic criteria were applied in the grading process.
There was a gross violation of the instructors own grading system.
The procedures for a grade appeal may be found in Chapter 4 of the University Regulations.
Disruptive Behavior Policy Statement
Disruptive behavior is defined in the FAU Student Code of Conduct as ... activities which
interfere with the educational mission within classroom. Students who behave in the classroom
such that the educational experiences of other students and/or the instructors course objectives
are disrupted are subject to disciplinary action. Such behavior impedes students ability to learn
or an instructors ability to teach. Disruptive behavior may include, but is not limited to: nonapproved use of electronic devices (including cellular telephones); cursing or shouting at others
in such a way as to be disruptive; or, other violations of an instructors expectations for
classroom conduct.

Faculty Rights and Responsibilities

Florida Atlantic University respects the right of instructors to teach and students to learn.
Maintenance of these rights requires classroom conditions which do not impede their exercise.
To ensure these rights, faculty members have the prerogative:

To establish and implement academic standards

To establish and enforce reasonable behavior standards in each class

To refer disciplinary action to those students whose behavior may be judged to be

disruptive under the Student Code of Conduct.
Advice on Using Your Textbook

The following advice was generated from an in-depth study of 172 undergraduate students of
varying backgrounds, all of who were enrolled in an introductory financial accounting course.

Read the chapters to learn rather than just to get through them. Learning doesnt
miraculously occur just because your eyes have skimmed all the assigned lines of the
textbook. You have to think and focus while reading to ensure that you sink the material
into your understanding and memory. Use the learning objectives in the text to focus on
whats really important in each chapter.

Dont get discouraged if you initially find some material challenging to learn. At
various times, both the best and weakest students describe themselves as confused and
having a good grasp of the material, anxious and confident, and overwhelmed
and comfortable. The simple fact is that learning new material can be challenging and
initially confusing. Success does not appear to depend as much on whether you become
confused as it does on what you do when you become confused.

Clear up confusion as it arises. A key difference between the most and least successful
students is how they respond to difficulty and confusion. When successful students are
confused or anxious, they immediately try to enhance their understanding through
rereading, self-testing, and seeking outside help if necessary. In contrast, unsuccessful
students try to reduce anxiety by delaying further reading or by resorting to memorizing
without understanding. Aim to clear up confusion when it arises because accounting in
particular is a subject for which your understanding of later material depends on your
understanding of earlier material.

Think of reading as the initial stage of studying. Abandon the idea that studying only
occurs during the final hours before an exam. By initially reading with the same intensity
that occurs when later reviewing for an exam, you can create extra time for practicing
exercises and problems. This combination of concentrated reading and extensive practice
is likely to contribute to better learning and superior exam scores.
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To learn more about the study on which this advice is based, see Phillips, B., and F. Phillips,
Sink or Skim: Students Textbook Use in Introductory Accounting, working paper, University
of Saskatchewan (January 29, 2006).

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