NEW MEXICO JUNIOR COLLEGE
Intermediate Accounting II
|A.||Course Title:||Intermediate Accounting II|
|B.||Course Number:||AC 223 - 10004|
|D.||Days/Time:||M W F 9:00:00 AM - 9:50:00 AM|
|G.||Office:||C.M. Burke University Center (UC) 231|
|I.||Office Phone:||(575) 492-2657|
|J.||Office Hours:|| Monday: 8:00:00 AM-10:00:00 AM (MST); 11:15:00 AM-12:00:00 PM (MST); 5:00:00 PM-6:00:00 PM (MST);
Wednesday: 8:00:00 AM-10:00:00 AM (MST); 11:15:00 AM-12:00:00 PM (MST); 5:00:00 PM-6:00:00 PM (MST);
Friday: 8:00:00 AM-10:00:00 AM (MST); 11:15:00 AM-12:00:00 PM (MST);
Other hours available by request.
|K.||Time Zone:||Mountain Time|
|L.||Prerequisite(s):||ACC 213 is a prerequisite|
This course is a continuation and refinement of the interpretation, recording, and reporting of financial data. Topics studied include accounting concepts and principles underlying liabilities and stockholder’s equity as reported on the balance sheet, effect on the income statement, and statement of retained earnings. This is a three credit hour course. Prerequisite: AC 213.
This course is a continuation of the first semester of Intermediate Accounting.There is no guarantee of transferability and the student is advised to check with the receiving institution if they intend to transfer to another institution.
Intermediate Accounting: Reporting and Analysis (loose leaf); Wahlen, James M; Jones, Jefferson P.; Pagach, Donald P. Bundle with CengageNOWv2, 2 terms (12 months) Instant Access for Intermediate accounting ISBN 978-1305616998 required
You can buy your books online at the NMJC Bookstore.
Students attending New Mexico Junior College will be evaluated according to the following grading scale:
90 - 100% = A 80 - 89% = B 70 - 79% = C 60 - 69% = D 0 - 59% = F
I use a percent of total points system to compute the grades for each section, (homework, quizzes, unit test, and practice set) that percentage is then multiplied by the weight factor to calculate your final grade.
Unit tests 35%
Module zero completion 5%
New Mexico Junior Collegeís institutional student learning outcomes represent the knowledge and abilities developed by students attending New Mexico Junior College. Upon completion students should achieve the following learning outcomes along with specific curriculum outcomes for respective areas of study:
Students in the Business/Computer Science Departments should be able to:
1) Demonstrate an understanding of industry specific ethics (self & community),
2) Prepare and interpret documents,
3) Interpret and characterize data appropriate to the course (critical thinking),
4) Demonstrate computer skills appropriate to the course, and
5) Demonstrate the value of professionalism in the workplace.
a. Describe the characteristics of intangible assets.
b. Define current liabilities and describe how they are valued.
c. Describe the formal procedures associated with issuing long term debt.
d. Explain the key components of stockholders equity.
e. Demonstrate the policies used in distributing dividends.
f. Demonstrate the accounting for the issuance, conversion, and retirement of convertibles securities.
g. Identify the three categories of debt securities and demonstrate the accounting and reporting treatment for each category.
h. Differentiate accounting issues involved with various revenue recognition methods.
i. Demonstrate how to calculate temporary differences that result in future taxable amounts and future deductible amounts and their tax effect.
j. Explain the nature, economic substance, and advantages of lease transactions.
k. Prepare a Statement of Cash Flows.
l. Complete the Class project involving investments made by the class.
Students will be held responsible for the information on these pages.
Each student is expected to maintain the highest standards of honesty and integrity in online academic and professional matters. The College reserves the right to take disciplinary action, up to and including dismissal, against any student who is found guilty of academic dishonesty or otherwise fails to meet these standards. Academic dishonesty includes, but is not limited to, dishonesty in quizzes, tests, or assignments; claiming credit for work not done or done by others; and nondisclosure or misrepresentation in filling out applications or other College records. Cheating or gaining illegal information for any type of graded work is considered dishonest and will be dealt with accordingly.
Americans with Disabilities Act (ADA) Information
Any student requiring special accommodations should contact the Special Needs Student Services Coordinator at (575) 492-2576 or by e-mail at firstname.lastname@example.org.
Attendance is required at every session of each course for which the student is enrolled. When unavoidable circumstances make attendance impossible, students must provide a satisfactory explanation of their absences to their professors. College-sponsored activities are considered excused absences and the appropriate sponsor of those students who will be absent from class will notify professors. Students having absences due to college-sponsored activities will need to make arrangements with the affected classes / professor to take care of required work; however, arrangements for make-ups should be made within a reasonable time frame, usually within one week of the absence. Regarding make-up work, absences due to late registration are considered the same as regular absences.
All cell phones and pagers must be turned off when the student is participating in any lecture, laboratory, or other learning activity.
The professor is responsible for maintaining a class environment best suited for effective learning. By registering for this class, the student is assumed to have entered into an agreement with New Mexico Junior College and the professor to attend the class regularly and to behave in an appropriate manner at all times. Disruptive behavior may result in the student being removed from the class.
Food and Drink Policy
Food items and soft drinks may not be consumed in NMJC classrooms. Students are also discouraged from bringing food and drink items into the classroom even though these items remain in sealed packaging. Bottled water is permissible.
No Children in the Classroom
In order to adhere to instructional procedures as well as maintain the safety of children, NMJC’s policy of no children in the classrooms (lecture, lab, etc.) will be followed.
Offering the work of another as one’s own, without proper acknowledgment, is plagiarism; therefore, any student who fails to give credit for quotations or essentially identical expression of material taken from books, encyclopedias, magazines and other reference works, or from the themes, reports, or other writings of a fellow student, is guilty of plagiarism. Plagiarism violates the academic honesty policy and is considered cheating.
Smoking/Use of Tobacco
New Mexico Junior College is cognizant of the health hazards associated with smoking / use of tobacco for the smoker, as well as the non-smoker. In an effort to provide a healthy environment for students, employees, and others who may frequent the campus, NMJC prohibits smoking / use of tobacco inside any campus building or facility.
Free tutoring services are available to all NMJC students through Brainfuse and the Academic Success Center located at the Pannell Library on the 1st floor.
Regular, punctual attendance is required for all classes at NMJC. Although the professor has the right to drop any student who has missed the equivalent of 2 weeks of instruction (based on a 16 week semester) whether itís a face to face, online, or a hybrid course, it is not guaranteed that the professor will drop the student. If the student chooses to stop attending a class, he/she should withdraw from the class by accessing your student account in the T-Bird Web Portal at www.nmjc.edu, or submitting the required paperwork to the Registrar’s Office by 5:00 p.m. on Thursday, April 18, 2019. All students are encouraged to discuss their class status with the professor prior to withdrawing from the class.
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