Textbook: Read Chapter 16 Week Two Course Outcome Instructional Objectives 11Learning Activities Graded Activities Describe & understand a promissory note, the accounting for notes receivable & payable and the calculation of interest and the due dates of notes. Describe a promissory note. Calculate interest on and determine the due date of promissory notes Account for notes receivable transactions and accrued interest Account for notes payable transactions and accrued interest. Before you begin this week’s Graded Activities, complete the following: Lecture: Chapter 17 The Promissory Note Calculating interest & determining due dates Accounting for notes receivable Accrued interest receivable Accounting for notes payable Accrued interest Payable Class Review Problem: Chapter 17 – Demonstration Problem Textbook: Read Chapter 17 Attendance/ Participation – 3 Pts. Homework: Chapter 17 Problem – Page 688 – Pts - TBD Week Three Course Outcome Instructional Objectives Learning Activities Graded Activities
Explain how partners are compensated. Explain how net income or loss is allocated Prepare financial statements reporting the partnership income and equity Describe a partnership dissolution and the accounting for the dissolution Describe a partnership liquidation and the accounting for the liquidation Liquidation of a partnership Class Review Problem Chapter 19 – Demonstration Problem Textbook: Read Chapter 19 Week Five Course Outcome Instructional Objectives Learning Activities Graded Activities Define and understand the corporate form of a business entity. Describe the characteristics, formation and organization of a corporation Describe stockholders’ equity and the types of capital stock and compute dividends on preferred stock and common stock. Account for capital stock transactions Prepare the stockholders’ equity section of a corporation’s balance sheet. Before you begin this week’s Graded Activities, complete the following: Lecture: Chapter 20 Forming a corporation Organization of a corporation Stockholders’ equity and types of capital stock. Capital stock transactions Treasury stock Stockholders’ equity section of the balance sheet. Class Review Problem: Chapter 20 – Demonstration Problem Textbook: Read Chapter 20 Attendance/ Participation – 3 Pts. Homework: Chapter 20 Mastery Problem – Page 814 - Pts. TBD
Week Six Course Outcome Instructional Objectives Learning Activities Graded Activities Define and understand the corporate form of a business entity. Account for corporate income taxes Explain the use of the retained earnings account Account for dividends and stock splits Account for restriction of retained earnings Prepare a statement of retained earnings Understand the types of bonds and how they differ from stock Understand how the sales price of bonds is determined Account for bonds issued at face value, at a premium and at a discount Understand bond redemption and sinking funds. Take Home Mid-Term Exam Before you begin this week’s Graded Activities, complete the following: Lecture: Chapter 21 Corporate income taxes The retained earnings account Dividends & stock splits Statement of retained earnings Chapter 22 Types of bonds & determination of sales price Accounting for bonds issued at face value Accounting for bonds issued at a premium Accounting for bonds issued at a discount Accounting for bond redemption and sinking funds Class Review Problems: Chapter 21 – Demonstration Problem Chapter 22 – Demonstration Problem Textbook: Read Chapters 21 & 22 Review of chapters 16 through 20 Textbook: Review Chapters 16 through 20 Attendance/ Participation - 3 Pts Homework: Chapter Problem – Pages 840 & 841 –Pts TBD Chapter Problem – Pages 875 & 876 – Pts TBD . Mid-Term Exam: Chapter 16 through Chapter 20 – Pts. TBD
information obtained from them Compute & explain liquidity measures Compute & explain activity measures Compute & explain profitability measures Compute & explain leverage measures Explain the components of ROA & ROE Explain the limitations of financial statement analysis. Lecture: Chapter 24 Comparative analysis Horizontal analysis Vertical analysis Liquidity measures Activity measures Profitability measures Leverage measures A look ROA & ROE Limitations of financial statement analysis Class Review Problem: Chapter 24 – Demonstration Problem Textbook: Read Chapter 24 Chapter 24 Mastery Problem – Pages 994 & 995 – Pts. TBD Week Nine Course Outcome Instructional Objectives Learning Activities Graded Activities To understand departmentalized accounting To understand accounting for a manufacturing company using a job order cost system or a process cost system Understand the nature & purpose of departmental accounting Describe & compute departmental gross profit Describe & compute departmental operating income Describe & compute departmental direct operating margin. Describe the three manufacturing costs Before you begin this week’s Graded Activities, complete the following: Lecture: Chapter 25 Departmental Accounting Departmental Gross Profit Departmental operating income Direct & Indirect Operating expenses Assigning & Allocating departmental expenses Departmental direct operating margins Chapter 26 Attendance/ Participation – 3 Pts Homework: Chapter 25 Problem – Page 1024 & 1025 – Pts. TBD Chapter 26 – Mastery Problem Pages 1060 & 1061 – Pts. TBD
Describe the three inventories of a manufacturing business Describe & illustrate how manufacturing costs & inventories affect financial statements Define & describe how to operate a job order cost system Describe a process cost system Manufacturing costs – Materials, labor & overhead Inventories Financial statement effects Job order cost accounting Under applied & overapplied factory overhead Process cost accounting Class Review Problems: Chapter 25 – Demonstration Problem Chapter 26 – Demonstration Problem Textbook: Read Chapters 25 & 26 Week Ten Course Outcome Instructional Objectives Learning Activities Graded Activities To understand the basics of accounting for a manufacturing company To prepare a 10-column work sheet for a manufacturing company To understand the preparation of financial statements for a manufacturing company To prepare the closing entries for a manufacturing company Before you begin this week’s Graded Activities, complete the following: Lecture: Chapter 27 The worksheet for a manufacturing company The adjusting entries for a manufacturing company Recording Under applied or Over applied overhead Financial statement preparation Closing journal entries Attendance/ Participation – 3 Pts. Homework: Chapter 27 Problem – Pages 1102 – Pts. TBD