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384255: Principles of Financial Accounting II (Online)
MGMT-X 1B

  • Winter 2022
  • Section 1
  • 4 Credits
  • 02/14/2022 to 03/20/2022
  • Modified 02/08/2022

Description

The second in a two-course Principles of Financial Accounting sequence, this course covers corporations, analysis and interpretation of financial statements, and statements of cash flows, as well as examines accounting for operations of departments and manufacturing. Additional topics include cost accounting systems and variable costing; budgeting as an aid to planning and control; authorization and issuance of capital stock; as well as reporting the results of operations, bonds payable, income taxes, and business decisions. Transferable for UC credit.

Objectives

Introduction to the principles of accounting - Part 2, covering Chapters 14 through 27 of Wegandt, Kimmel and Mitchell's Accounting Principles.  Students are required to complete all assignments and examinations on time.

Upon completion of the course, students will have basic understanding of Generally Accepted Accounting Principles (GAAP) for long-term liabilities, investments, job costing; How to prepare cash flow statement and financial analysis, and budgetary planning.

Instructor is going to explain concepts in layman terms and use real life examples to apply the accounting theories, so that it is easier for students to understand.

Outcomes

Students who complete the course will:

  1. Use the language of accounting.
  2. Process and summarize business events through all steps of the accounting cycle.
  3. Apply GAAP to selected areas of the balance sheet and income statement.
  4. Prepare and interpret financial statements.

Materials

When you purchase the textbook, please make sure it comes with WileyPLUS.

Accounting Principles

  • Author: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
  • Publisher: Wiley
  • Edition: 14th
  • ISBN: 978-1-119-70708-0

Required:
WileyPLUS and textbook. (We will cover Chapters 14-27 in this course.)

Here is a link to the Wiley website to purchase the textbook:
Accounting Principles, 14th Edition (https://www.wiley.com/en-us/Accounting+Principles%2C+14th+Edition-p-9781119707080)

Evaluation

Criteria

Type Weight Notes
Homework Problems 700 points 14 homework assignments at 50 points each
Midterm and Final Examination 300 points 150 points for each of two examinations

Breakdown

Points Breakdown for Final Grades:

A = 90-100% 900-1000 points
B = 80-89% 800-899 points
C = 70-79% 700-799 points
D = 60-69% 600-699 points
F = 0-59% 0-599 points

P (Pass) 70-100%
NP (No Pass) 0-69%

Please note that ALL COURSE GRADES ARE FINAL.

Course Policies

This is an ACCELERATED course to be completed in FIVE weeks.

Each week in this course runs from 12:00am Monday morning to 11:59pm Sunday night. Early completion on all assignments and exams is acceptable.

It is estimated that student will spend 10-15 hours per week reading, completing assignments, and studying for exams. Depending on the extent of your academic preparation and recent college level coursework in each topic, the amount of study time needed may vary considerably.

Please email me if you have any questions. I will try to respond to all emails within 24 hours.

Institutional Policies

Student Conduct

Students are subject to disciplinary action for several types of misconduct or attempted misconduct, including but not limited to academic dishonesty, such as cheating, multiple submission, plagiarism, or knowingly furnishing false information to the University; or behavioral misconduct, such as theft or misuse of the intellectual property of others, harassment, or disruption of the learning environment. Students are encouraged to familiarize themselves with the Student Rights & Responsibilities Policy and to report concerns regarding at: https://www.uclaextension.edu/pages/str/studentConduct.jsp.

Services for Students with Disabilities

In accordance with the Americans with Disabilities Act of 1990, UCLA Extension provides appropriate accommodations and support services to qualified applicants and students with disabilities. These include, but are not limited to, auxiliary aids/services such as sign language interpreters, assistive listening devices for hearing-impaired individuals, extended time for and proctoring of exams, and registration assistance. Accommodations and types of support services vary and are specifically designed to meet the disability-related needs of each student based on current, verifiable medical documentation. Arrangements for auxiliary aids/services are available only through UCLA Extension’s Service for Students with Disabilities Office at (310) 825-7851 or by email at [email protected]. For complete information see: https://www.uclaextension.edu/pages/str/studentswithDisabilities.jsp

Incompletes

Your instructor may post the interim grade Incomplete/I if at the end of the class your overall work is of passing quality but a portion could not be submitted for understandable reasons (e.g. illness). It is your responsibility to petition your instructor for permission to submit work late and to provide an explanation, and it is his or her sole decision whether to accept the explanation. If permitted, the Incomplete/I grade will be posted and a time frame defined for you to submit the missing work, ranging from one to twelve weeks. Incomplete/I grades that remain unchanged after twelve weeks will lapse to F, NP or U. Receiving an I grade entitles you to submit only the missing work your instructor has agreed to accept late, and does not allow other work to be retaken or oblige UCLA Extension to provide continuing access to course materials via Canvas. The Incomplete/I grade is not an option for courses that do not bear credit, such as 700, 800, or 900-level courses. For complete information, see: https://www.uclaextension.edu/pages/str/grading.jsp

All Grades are Final

No change of grade may be made by anyone other than the instructor, and then, only to correct clerical errors. No term grade except Incomplete may be revised by re-examination. The correction of a clerical error may be authorized only by the instructor of record communicating directly with personnel of Student and Alumni Services.

Sexual Harassment

The University of California is committed to creating and maintaining a community where all individuals who participate in University programs and activities can work and learn together in an atmosphere free of harassment, exploitation, or intimidation. Every member of the community should be aware that the University prohibits sexual harassment and sexual violence, and that such behavior violates both law and University policy. The University will respond promptly and effectively to reports of sexual harassment and sexual violence, and will take appropriate action to prevent, to correct, and when necessary, to discipline behavior that violates our policy.

All Extension students and instructors who believe they have been sexually harassed are encouraged to contact the Department of Student and Alumni Services for complaint resolution: UCLA Extension, 1145 Gayley Ave., Los Angeles, CA 90024; Voice/TTY: (310) 825-7031. View the University’s full Policy on Sexual Harassment and Sexual Violence at http://policy.ucop.edu/doc/4000385/SHSV.

Additional Items

Protecting Privacy and Data During Live Instruction

Live meeting sessions for this class, when applicable, are being conducted over Zoom. As the host, the instructor may be recording live sessions. Only the host has the ability to record meetings, no recording by other means is permitted. Recorded sessions will be posted in the Videos area of this class unless otherwise notified. Due to privacy, recordings are not available for download and are only accessible via Canvas for the duration of the class. If you have privacy concerns and do not wish to appear in the recording, do not turn on your video and/or audio. If you also prefer to use a pseudonym instead of your name, please let the instructor know what name you will be using so that the instructor knows who you are during the session. To rename yourself during a Zoom meeting, click on Participants, click on your name, click on More, click on Rename. If you would like to ask a question, you may do so privately through the Zoom chat by addressing your chat question to the instructor only (and not to ""everyone""). Additionally, chat may be used and moderated for live questions, and saving of chats is enabled. If you have questions or concerns about this, please contact the instructor via Canvas Inbox.

Pursuant to the terms of the agreement between Zoom and UCLA Extension, the data is used solely for this purpose and Zoom is prohibited from re-disclosing this information. UCLA Extension also does not use the data for any other purpose. Recordings will be deleted when no longer necessary. However, recordings may become part of an administrative disciplinary record if misconduct occurs during a video conference.

Course and Instructor Evaluation

UCLA Extension values your feedback on course and instructor evaluations. We ask all students to take a few minutes to complete an end-of-course evaluation survey. Updates to the course and instruction are influenced by your feedback. Understanding your student experience is essential to ensure continuing excellence in the online classroom and is appreciated by your instructor and the UCLA Extension academic leadership.

Your participation in a survey is voluntary, and your responses are confidential. After instructors submit grades, they will be given an evaluation report, but this report will not contain your name.

About Your Online Course Materials

Please note the following about online course components at UCLA Extension:

  • Students must have basic computer skills, including the use of word processing software, email, and the ability to use internet browsers, such as Safari, Firefox, or Chrome.
  • Students are responsible for meeting the technical requirements of Canvas and familiarizing themselves with the Canvas Learning Management System.
  • Students are responsible for keeping a copy of all assignments and work submitted, and to be aware of all assignments, due dates, and course guidelines.
  • Students are encouraged to keep and/or download a local copy of their assignment files, as access to the online environment of a specific course is limited to 30 days after the final course date, as listed in the course catalog.

    To download all your assignment submissions in Canvas, please refer to the online support guide. for more information or contact Canvas Support via the help menu within Canvas.

UCLA Extension Canvas and Learning Support

For immediate 24/7 Canvas technical support, including holidays, click on Help (located on the menu to the left) where you can call or chat live with a Canvas Support representative.

UCLA Extension Instructional Design and Learning Support
The UCLA Extension Learning Support staff assists both students and instructors with Canvas-related technical support, as well as general and administrative questions.

Learning Support staff is available Monday through Friday, from 8 AM to 5 PM (Pacific Time), except holidays:

Schedule

All assignments are due by 11:59pm, Pacific Time, on the day due.
You are welcome to work ahead anytime on completing the assignments in this course.
No late assignments / exams will be accepted.

When Chapters Assignments
Week 1 - February 14 - 20, 2022 14,15,16 1. Watch lecture videos.
2. Complete homework assignments in WileyPlus by February 20, 2022:
3. Study for midterm examination (Ch. 14-21).
Week 2 - February 21 - 27, 2022 17,18,19 1. Watch lecture videos.
2. Complete homework assignments in WileyPlus by February 27, 2022:
3. Study for midterm examination (Ch. 14-21).
Week 3 - February 28 - March 6, 2022 20,21

1. Watch lecture videos.
2. Complete homework assignments in WileyPlus by March 6, 2022:
3. Complete midterm examination (Ch. 14-21) by March 6, 2022.

Midterm examination will be available between February 14 and March 6, 2022. You have up to three hours to complete the examination once you start the examination.

Week 4 - March 7 - 13, 2022 22,23,24 1. Watch lecture videos.
2. Complete homework assignments in WileyPlus by March 13, 2022:
3. Study for final examination (Ch. 22-27).
Week 5 - March 14 - 20, 2022 25,26,27

1. Watch lecture videos.
2. Complete homework assignments in WileyPlus by March 20, 2022:
3. Complete final examination (Ch. 22-27) by March 20, 2022.

Final exam will be available between March 7 and March 20, 2022. You have up to three hours to complete the examination once you start the examination.