Spanish-American Institute

305 Accounting (Advanced II) 60 Classes

Prerequisite(s): Accounting 304 or equivalent

Textbooks: Kermit D. Larson et al, Volume II: Fundamental Accounting Principles With Working Papers, McGraw Hill Irwin, 2002 (or comparable text)

Course Description: While developing English language skills, this fourth course in an accounting sequence expands students' knowledge about the purposes and principles of accounting and the practice of fundamental accounting procedures. Students analyze and apply accounting concepts and procedures to real-life situations drawn from various types of businesses.

Objectives: By the end of the course, students should be able:

• to read and better understand written English language descriptions of accounting, the language of business;
• to develop oral fluency with numbers and numerical functions;
• to interpret charts, graphs, and other visual materials;
• to talk and to write in English about situations and problems requiring accounting activities or solutions;
• to read for detail in the context of accounting problems and directions;
• to explain orally and in writing how businesses communicate with financial statements
• to apply accounting principles and procedures to process cost accounting, cost allocation and performance measurement, cost-volume-profit analysis, master budgets and planning, flexible budgets and standard costs, and capital budgeting.

Instructional Methods: Classes will include reading for detail, oral discussion and presentations, instructor and student explanations of accounting principles and procedures, and problem solving through analytical and procedural exercises within real-world business and financial contexts.

Grading: The final grade is based on the following:

Class Participation	25%
Assignments	50%
Exams	25%
Total	100%

The grading scale is: A=90-100%, B+=85-89%, B=80-84%, C+=75-79%, C=70-74%, D=65-69%, F=60-64%.

Course Outline:

Week	Topics	Assignments and Tests
1-2	Review of cost accounting. Process cost accounting: comparing job order and process operations; process cost accounting, equivalent units of production, transfers in finished goods inventory and cost of goods sold. Oral practice: prepare a brief oral presentation in which you describe one of the problems in the assigned exercises and demonstrate to the class the steps you used to solve it. Discussion of responses to ethics challenge. Close reading of selected text.	Vocabulary log. Reading: pp. 864-889. Questions: QS 21. Answer questions in one or more complete sentences. Exercises: as assigned. Where exercises require a written response, answer in complete sentences with answers that explain why the answer is correct. Problem Set: as assigned. In a paragraph or more, explain one of the problems from the exercises and describe the steps you used to solve it.
3-4	Cost allocation and performance measurement: overhead coast allocation methods; departmental accounting and departmental expense allocations; responsibility accounting. Oral practice: Prepare a brief oral presentation in which you describe how you would handle the ethics challenge on p. 943-44 or the entrepreneurial decision problem on p.945. Close reading of selected text. Quiz.	Vocabulary log Reading: pp. 614-646. Questions: QS 22. Exercises and Problem Set: as assigned Ethics challenge, p. 943-44, or entrepreneurial decision problem on p, 945: Write a paragraph or more in response, using the questions as a guide. Quiz.
5-6	Cost-volume-profit analysis: identifying and measuring cost behavior, break-even analysis, applying cost-volume-profit analysis. Oral practice: Prepare a brief oral presentation in which you describe one of the problems in the assigned exercises and demonstrate to the class the steps you used to solve it. Oral practice: discussion of question 14 or 15. Close reading of selected text.	Vocabulary log Reading: pp. 946-964. Questions: QS 23. Exercises and Problem Set: as assigned. In a paragraph or more, explain one of the problems in the assigned exercises and describe the steps you used to solve it
7-8	Master budgets and planning: budgeting process and administration, master budget. Oral practice: Prepare a brief oral presentation of discussion of "Ethics Challenge" or "Entrepreneurial Decision" problems on pp. 1014 or 1015. Close reading of selected text. Review for test	Vocabulary log Reading: pp. 980-1001. Question: QS 24. Exercises and Problem Set: as assigned Ethics challenge, p. 1014, or entrepreneurial decision problem on p, 1015: Write a paragraph or more in response, using the questions as a guide. Test.
9-10	Flexible budgets and standard costs: budgetary process, flexible budget reports, material and labor standards, cost variances, overhead standards and variances, extending standard costs. Oral practice: Prepare a brief oral presentation in which you describe one of the problems in the assigned exercises and demonstrate to the class the steps you used to solve it. Close reading of selected text.	Vocabulary log Reading: pp. 1016- Question: QS 25. Exercises and Problem Set: as assigned In a paragraph or more, explain one of the problems in one of the assigned exercises and describe the steps you used to solve it.
11-12	Capital budgeting and managerial decisions: methods using and not using time value of money; decisions and information, managerial decision tasks. Oral practice: Prepare a brief oral presentation of discussion of "Ethics Challenge" or "Entrepreneurial Decision" problems on pp. 1098 or 1099. Close reading of selected text. Review for test	Vocabulary log Reading: pp. 1060-1083. Questions: QS 26. Exercises and Problem Set: as assigned Ethics challenge, p. 1098, or entrepreneurial decision problem on p, 1099: Write a paragraph or more in response, using the questions as a guide Test.

rev. 2/04