COURSE DESCRIPTION: An introduction to the use of accounting data within an organization to analyze and solve problems and to make planning and control decisions. This course is designed for non-accounting majors.

ACC 202 meets the Business Technology core requirement.

PREREQUISITE: ACC 201, or BE 161 and BE 162.

TEXTBOOK AND OTHER MATERIALS:

Accounting: Concepts and Applications. Skousen, Albrecht & Stice. Fifth Edition. South-Western College Publishing Co. 1996.

Working Papers (second volume) to accompany the textbook

DAYS, TIME AND MEETING PLACE:

Tuesday, 6:45 - 9:15 p.m., S220 SECC/Kentucky Tech Bell County Campus

ASSOCIATE PROFESSOR:
Mr. Jamie H. Vaught
Classroom Building, Room 306
E-Mail Address: JHVAUG1@POP.UKY.EDU
Phone: 1-800-648-6057 (relay service), then 606-242-2145 ext. 2055

B.S. Accounting, University of Kentucky MBA, University of Kentucky

Additional graduate work at UK, Eastern Kentucky University and Lincoln Memorial University.

Southeast Community College (seventh year as accounting/business/computer instructor); Sue Bennett College, London (two years); and St. Catharine College, Springfield (three years). Four years as internal auditor at First & Farmers Bank of Somerset. Author/ newspaper columnist.

OFFICE HOURS: Monday 10:00 - 10:45 a.m.
Tuesday 9:00 - 11:45 a.m. and 2:15 - 3:45 p.m.
Wednesday 10:00 - 10:45 a.m.
Thursday 9:00 - 11:45 a.m. and 2:15 - 3:45 p.m.
Also by appointment

SECC BELL COUNTY CAMPUS DIRECTOR: Mr. Walt Green 606-242-2145 ext. 2002

SOCIAL SCIENCES AND RELATED TECHNOLOGIES DIVISION CHAIR (SECC): Mr. Elijah Buell, Jr. 606-589-2145 ( Cumberland Campus )

COURSE OBJECTIVES: After completion of this course, 1) the student should be able to understand accounting terminology, practices and principles related to an accounting system for a business organized as a proprietorship, partnership or corporation, including manufacturing enterprises. 2) the student should be able to plan, summarize, analyze and interpret managerial accounting data. 3) the student should be able to use managerial accounting information as the basis for making decisions. 4) the student should be able to communicate business (accounting) results.

COURSE FORMAT: This course will consist of a combination of lecture, illustration and discussion sessions. There is a Service-Learning component in the course (optional) which is available to the students for their use in a project.

TOPICS INCLUDE: 1) The Statement of Cash Flows (Chapter 13) 2) Financial Reporting and Analysis (Chapter 14) 3) Introduction to Management Accounting (Chapter 15) 4) Cost Terms and Concepts (Chapter 16) 5) Traditional Cost Accumulation System (Chapter 17) 6) Product Costing Systems in the New Manufacturing Environment (Chapter 18) 7) Analyzing Cost Behavior Patterns (Chapter 19) 8) Analyzing Cost-Volume-Profit Relationships (Chapter 20) 9) Operating Budgets (Chapter 21) 10) Standards and Standard Costing (Chapter 22) 11) Performance Evaluation (Chapter 23)

GENERAL EDUCATION ACROSS CURRICULUM COMPETENCIES:

1) Writing -- to communicate effectively using standard written English 2) Reading -- to analyze, summarize and interpret a variety of reading materials 3) Integrated Learning -- to think critically and make connections in learning across the discipline 4) Creative Thinking -- to elaborate upon knowledge to create new thoughts, processes and/or products 5) Ethics/Values - to demonstrate an awareness of ethical considerations in making value choices

EVALUATION OF COMPETENCIES:

1) Writing -- the student will prepare two written summaries for the project in addition to completing an occasional essay question on the exam. He or she will be expected to communicate effectively using standard written English.

2) Reading -- the student will read the assigned chapters in the textbook and the articles for the project. He or she will be evaluated through exams, pop quizzes, written summaries, and homework problems.

3) Integrated Learning -- the student will learn to process, interpret and communicate accounting data throughout the course by performing case problems, in-class exercises and homework problems.

4) Creative Thinking -- the student will interpret and respond to today’s real- world business situations to elaborate upon knowledge to create new thoughts, processes and/or solutions (case problems, in-class exercises/discussions, project and homework problems).

5) Ethics/Values -- the student will be exposed to professional ethics in accounting through case problems and discussion of today’s ethical dilemmas in business environment. An essay question dealing with ethics will appear on the exam occasionally.

GRADING: Four exams, including Final 60%
Homework 18%
Quizzes (Announced or Unannounced) 10%
Service-Learning Project 12%
Total 100%

100 - 90 A
89 - 80 B
79 - 70 C
69 - 60 D
Below 60 E

You are allowed to drop your lowest grade among the four exams. If you missed one exam for any reason, a grade of zero will be given and it will be dropped as the lowest grade. Generally, no make-up exams will be given. However, under extreme circumstances, a make-up exam for the second exam missed could be given and it is worth a maximum of 85 points ( you already lose at least 15 points).

In regard to pop quizzes, you are allowed to drop your lowest grade (which would be a zero if you missed one). However, if you missed more than one quiz, a make-up quiz(zes) will be given.

Solutions to homework problems need not to be perfect for full credit but they should be completed (and they should represent your best effort). The check figures at the end of the textbook (beginning on page 1187) will assist you in checking homework problems. Agreement with the check figures indicates that a significant portion of the solution is basically correct. You are also encouraged to check your problems with the solutions manual at instructor’s office. The problems are good preparation for exams. If you did not do your homework honestly, you will have difficulty in passing the exams.

A batch of homework problems is due when you take the exam. Each batch of homework problems is worth 4.5 percentage points (Four batches x 4.5 percent = 18 percent of the course grade). If the homework is turned in late, you will only receive one-half credit (2.25 percentage points, instead of 4.5 percentage points of the course grade). No exceptions will be made! But if you happened to miss an exam, the homework problems are due when you return to the next class session and you will receive full credit.

It is the responsibility of the student to keep informed on classwork or assignments which are missed. Not knowing about an assignment or exam does not excuse one from submitting or taking it on time.

The writing project, which consists of two written summaries, should be turned in on time (or the due date). The due date is Tuesday, April 7. If the writing project is turned in late or not typed for any reason, it will result in a reduction of one letter grade. If the project is turned in late and not typed for any reason, it will result in a reduction of two letter grades.

Additional information about the writing project (as well as the Service-Learning project) will be announced at a later date.

Please do not request extra credit assignments to compensate for an earlier unwillingness to work. This would be considered unfair to other members of the class.

Cheating of any sort will NOT be tolerated.

ATTENDANCE POLICY: VERY IMPORTANT! Students are expected to attend all classes. Good attendance and excellent attitude will influence the instructor when faced with a borderline grading situation.

Chronic tardiness or early departure from a class is unacceptable and will be handled by the instructor on an individual basis. If you must leave during the class, please try to notify the instructor before the class begins.

WITHDRAWAL POLICY:

Jan. 20 -- Last day to drop a course without a grade.

March 2 -- Last day for students, at their discretion, to officially withdraw from a class and receive a grade of W.

April 24 -- Last day for students, at the discretion of the instructor, to officially withdraw from a class and receive a grade of W. (It is the last day before the Final Exams Week! If you need to drop a course, you should see your instructor before that date).

SMOKING & OTHER POLICIES: In accordance with state regulations and UK policies, smoking in SECC/Kentucky Tech buildings is not allowed.

No drinks, food or other tobacco products are to be consumed in the classroom.

Tentative ACC 202-80 Course Outline

Chapter 13

Chapter 14

EXAM #1

Chapter 15

Chapter 16

Chapter 17

EXAM #2

Chapter 18

Chapter 19

Chapter 20

EXAM #3

Chapter 21

Chapter 22

Chapter 23

EXAM #4 (Final)