Course Description:

This course serves students who plan to become accounting and related business majors, as well as students who wish to enter the accounting professions (e.g., those in tax, audit, financial accounting, and inventory accounting). This course is a continuation of the first courst (ACNT 1403), with emphasis on merchandising transactions, notes payable and receivable, valuation of receivables and equipment, and valuation of inventories in a manual and computerized environment.

Keeping Current: You can stay up-to-date on the course topics in many ways, such as searching the Internet for information such as tips & tricks regarding software.

Stay on Track: Do not wait until the last minute to complete your work. Refer to the due dates in the syllabus or check the BlackBoard Calendar to stay on track. Assignments will be available beyond their scheduled due dates with a 25% penalty. All assignments and tests must be completed by the last day of the term. 

Ask questions: If you're confused, you can ask questions by contacting me on Google Chat (preferred method of contact), using the discussion board, or sending me an email.

Accounting (looseleaf) w/LMS CengageNOWv2 by Warren, 28th edition

ISBN: 978-1-337-90268-7

Publisher Materials

This course is part of ACC's "First Day Access" program. ACC has partnered with the bookstore and the publisher to proviede you with digital course materials on the first day of class at a discounted rate. The cost of the course materials will be included as an additional charge when you register.

If you participate in the "First Day Access" program, you will gain access to the eBook and CengageNOWv2 (CNOW) through my Blacboard site. You will use CNOW for a variety of assignments. CNOW is an integrated, online learning system that gives you 24/7 access to your study tools and required assignments. CNOW's study tools provide access to practice exams and tutorials, and generate a personalized study plan based on your exact needs.

If you acquire the eBook as part of your registration, you will have the option to buy a loose-leaf paper version of the book for $50 through the local Austin bookstores. Due to campus closures, the ACC bookstores will mail you the paper copy of the textbook.

If you do not wish to participate in the program, you may "Opt Out." If you "Opt Out" of receiving and paying for your materials via this program, you will be responsible for obtaining those on your own. Instructions for "opting out" will be available on my Blackboard site.

Do not go to the publisher website to purchase this text or to join the trial period! You purchased both the eBook and CNOW when you registered.

To recap, there are three options:

1. All Digital Access at the time of registration to eBook and CNOW.
2. Digital Access with a Physical Textbook: students who participate in the program will be eligible to purchase a low cost print upgrade in the ACC bookstore for approximately $50, plus tax.
3. Independent purchase of textbook with CNOW: If you have purchased a used textbook or have "Opted Out" of the program, you must still purchase an access code for CNOW.

Course Topics:

1) Current Liabilities and Payroll

2) Accounting for Partnerships and Limited Liability Companies

3) Corporations: Organization, Stock Transactions, and Dividends

4) Long-Tern Liabilities: Bonds and Notes

5) Statement of  Cash Flows

6) Financial Statement Analysis

Program Level Outcomes:

1. Students will be able to read financial statements and describe the final processes that produce them.

Course Learning Outcomes:

Upon completion of this course, the student will be able to:

1. Formulate the current liabilities and payroll entries.
2. Evaluate the accounting for partnerships and LLCs upon the formation and liquidation of each.
3. Prepare journal entries for corporations including stock transactions and dividends.
4. Evaluate the impact of long-term liabilities and prepare journal entries for liabilities and bonds.
5. Create and evaluate the Statement of Cash Flows.
6. Compare and evaluate financial statements using analytical methods when assessing liquidity, solvency, and profitability.