National University




General Course Information for ACC611M: Financial Accounting II

Course: ACC611M - Financial Accounting II
Textbook: For the correct edition of the textbook assigned to a specific class, go to: http://www.nutextdirect.com

Course Prerequisite(s):
Course Description: The second course of a comprehensive three-course sequence covering a substantial portion of U.S. financial reporting principles known as GAAP, accounting for tangible assets, natural resources and intangible assets, current and long-term liabilities, leases, and shareholder equity.
Course Learning Outcomes:
  • Apply generally accepted accounting principles for plant assets, natural resources and intangible assets covering their acquisition, subsequent transactions, disposal, impairments, and financial statement presentation.
  • Measure depreciation, depletion and amortization under various acceptable methods and provide the rationale on the incentives for choosing among them.
  • Differentiate current from long-term liabilities, contingent from estimated liabilities, and apply the appropriate accounting treatment to these liabilities. Measure the value of long term liabilities, including bonds, and properly account for the initial issue, interest payments and accruals, amortization of premium/discount, extinguishment, and financial statement presentation.
  • Differentiate between capital and operating leases and apply appropriate accounting and reporting for each type of lease.
  • Apply proper accounting treatment for the issuance of various forms of capital stock, purchase and sale of treasury stock, and retirement of callable and redeemable stock, including journal entries and financial statement presentation.
  • Account for dividends, (cash, property, stock, liquidating, scrip), stock splits, and explain the concepts supporting each item.
Specified Program Learning Outcomes:
  • MASTER OF ACCOUNTANCY
    • Demonstrate effective communication of accounting information.
    • Integrate the knowledge and skills acquired from the program to analyze and solve accounting related issues.
    • Measure, prepare, analyze, and report accounting information based on generally accepted accounting principles for businesses and for governmental and non-profit entities.

Students with Disabilities:
Students seeking special accommodations due to a disability must submit an application with supporting documentation, as explained under this subject heading in the General Catalog. Instructors are required to provide such accommodations if they receive written notification from the University.

Writing Across the Curriculum:
Students are expected to demonstrate writing skills in describing, analyzing and evaluating ideas and experiences. Written reports and research papers must follow specific standards regarding citations of an author's work within the text and references at the end of the paper. Students are encouraged to use the services of the University's Writing Center when preparing materials.

The following website provides information on APA, MLA, and other writing and citation styles that may be required for term papers and the like: http://nu.libguides.com/citations

National University Library:
National University Library supports academic rigor and student academic success by providing access to scholarly books and journals both electronically and in hard copy. Print materials may be accessed at the Library in San Diego or through document delivery for online and regional students. Librarians are available to provide training, reference assistance, and mentoring at the San Diego Library and virtually for online or regional students. Please take advantage of Library resources:

URL: http://www.nu.edu/library.

Contact the Library:

  • RefDesk@nu.edu
  • (858) 541-7900 (direct line)
  • 1-866-NU ACCESS x7900 (toll free)

Use the Library Training Tools (on the Library Homepage) for additional help

  • Recorded class presentations
  • Tutorials & Guides (APA/MLA, Peer-Review, and more)

Plagiarism:
Plagiarism is the presentation of someone else's ideas or work as one's own. Students must give credit for any information that is not either the result of original research or common knowledge. If a student borrows ideas or information from another author, he/she must acknowledge the author in the body of the text and on the reference page. Students found plagiarizing are subject to the penalties outlined in the Policies and Procedures section of the University Catalog, which may include a failing grade for the work in question or for the entire course. The following is one of many websites that provide helpful information concerning plagiarism for both students and faculty: http://www.indiana.edu/~wts/pamphlets/plagiarism.shtml

Ethics:
Ethical behavior in the classroom is required of every student. The course will identify ethical policies and practices relevant to course topics.

Technology:
Students are expected to be competent in using current technology appropriate for this discipline. Such technology may include word processing, spreadsheet, and presentation software. Use of the internet and e-mail may also be required.

Diversity:
Learning to work with and value diversity is essential in every class. Students are expected to exhibit an appreciation for multinational and gender diversity in the classroom.

Civility:
As a diverse community of learners, students must strive to work together in a setting of civility, tolerance, and respect for each other and for the instructor. Rules of classroom behavior (which apply to online as well as onsite courses) include but are not limited to the following:

  • Conflicting opinions among members of a class are to be respected and responded to in a professional manner.
  • Side conversations or other distracting behaviors are not to be engaged in during lectures, class discussions or presentations
  • There are to be no offensive comments, language, or gestures