Saint Leo University ACC 202 Principles of Accounti.docx

Saint Leo University
ACC 202
Principles of Accounting II
Course Description:
This course is a continuation of ACC 201 and introduces cost
accounting concepts, budgeting, cost-
volume-profit analysis and managerial decision-making. It also
covers the three principal financial
statements: the income statement, balance sheet, and statement
of cash flows.
Prerequisite:
ACC 201
Textbook:
Wild / Financial and Managerial Accounting (With Connect
Access) / 5
TH
2013 / McGraw-Hill Create
Custom Book / ISBN# 9781308576893 (eBook package)
OR

Wild / Financial and Managerial Accounting (With Connect
Access) / 5
TH
2013 / McGraw-Hill Create
Custom Book / ISBN# 9781308576619 (Loose-leaf print book
package)
Students have the choice of the eBook or the loose-leaf package
for this class. Both include the required
Connect access. The access is good for 364 days so students
taking the courses consecutively do not
need to purchase another package.
Note: All purchase options for Connect Plus provide access for
two 180-day terms; therefore, it is
recommended that you take ACC 201 and ACC 202 in
consecutive terms (or within the same calendar
year) to avoid paying twice.
Learning Outcomes:
Upon completion of the course, students will be able to:
1. Analyze and understand the components of Stockholders’
Equity of the Balance Sheet, including
differences between common stock and preferred stock, and the
computation of book value.

2. Explain the difference between financial and managerial
accounting.
3. Define and give examples of cost terms used in planning,
control and decision-making and
distinguish between manufacturing and nonmanufacturing costs.
4. Perform cost-volume-profit analysis.
5. Understand the budgeting process and prepare a budget.
6. Analyze financial statements using horizontal, common-size
and ratio analysis.
7. VALUES OUTCOME Discuss and explain the relevance of
responsible stewardship and integrity as it
relates to accounting.
Core Values:
With the core values of responsible stewardship and integrity in
mind, students will discuss
management’s responsibility for creating the master budget.
Additionally, students will discuss
management’s incentives for understating revenues and
overstating expenses when creat ing budgets.
Responsible Stewardship: Our Creator blesses us with an
abundance of resources. We foster a spirit of
service to employ our resources to university and community
development. We must be resourceful. We
must optimize and apply all of the resources of our community
to fulfill Saint Leo University's mission and
goals.

Integrity: The commitment of Saint Leo University to
excellence demands that its members live its mission
and deliver on its promise. The faculty, staff and students
pledge to be honest, just and consistent in word
and deed.
Evaluation:
Methods of assessment include discussion, assignments, and
exams.
Grading Scale:
Grade Score (%)
A 94-100
A- 90-93
B+ 87-89
B 84-86
B- 80-83
C+ 77-79
C 74-76

C- 70-73
D+ 67-69
D 60-66
F 0-59
Discussions
Class participation is an important, graded component of the
course. All students are expected to adhere
to the course syllabus and schedule. It is the responsibility of
the student to be aware of what is
happening in the class.
When preparing for the discussion assignments, the student
should plan on, at a minimum, three
separate discussion postings. The first posting is due by
Thursday, 11:59 PM EST/EDT, of the week in
which the assignment is due. That first posting will reflect the
student's take on the assigned material.
That posting should be well-thought-out and well-written and
include appropriately cited online research
and text references. Everyone is expected to build the
discussion by posting thoughtful and substantive
interactive responses to your classmates' posts. Three instances
of interaction are required and more are
encouraged. Interaction should include constructive criticism
(positive and negative) offered in a
supportive, collegial spirit. In an active learning experience,
such as discussion, constructive criticism can
be a very powerful learning tool if offered in this manner. The
deadline date to post your responses is
Sunday, 11:59 PM EST/EDT.
McGraw-Hill Connect

Assignments, quizzes, and exams will be completed through the
Connect website. Your instructor will
provide information regarding how to access the course
materials for this course section on Connect.
Assessments Points Percentage
8 discussion assignments @ 25 points each 200 20%
8 homework assignments @ 25 points each 200 20%
4 quizzes @ 50 points each 200 20%
4 tests @ 100 points each 400 40%
Total 1000 100%
Course Schedule:
Module 1 Corporate Reporting and Analysis
Objectives When you complete this module, you should be able
to:
organization.
tics of, and distribute dividends between,
common and
preferred stock.

splits.
Assignments
Items to be Completed: Due No Later Than:
Read assigned materials
Post introduction to the class Thursday 11:59 PM EST/EDT
Post initial response to the discussion question Thursday 11:59
PM EST/EDT
Post responses to at least two classmates Sunday 11:59 PM
EST/EDT
Complete Assignment 1 in Connect Thursday 11:59 PM
EST/EDT
Complete Quiz 1 (Chapter 11) in Connect Sunday 11:59 PM
EST/EDT

Module 2 Corporate Reporting and Analysis (continued)
to:
-earnings ratio and describe its use.
ecord purchases and sales of treasury stock and the
retirement of stock.
Assignments
PM EST/EDT
EST/EDT
EST/EDT
Complete Exam 1 (Chapter 11) in Connect Sunday 11:59 PM
EST/EDT

Module 3 Reporting Cash Flows
to:
activities, and
describe how noncash investing and financing activities are
disclosed.
ws.
indirect method.
activities.
Assignments
PM EST/EDT
EST/EDT
EST/EDT

EST/EDT
Module 4 Managerial Accounting Concepts and Principles
to:
lain how they impact
financial
statements.
for
manufacturing and merchandising companies.
manufacturing costs.
statement and explain its purpose
and links to
financial statements.
Assignments

PM EST/EDT
EST/EDT
EST/EDT
Complete Exam 2 (Chapters 12 and 14) in Connect Sunday
11:59 PM EST/EDT
Module 5 Cost Behavior and Cost-Volume-Profit Analysis
to:
production and sales
volume.
-volume-profit analysis.
margin and describe what it reveals
about a

company’s cost structure.
-low method of
estimating costs.
-even point for a single product company.
Assignments
PM EST/EDT
EST/EDT
EST/EDT
EST/EDT

Module 6 Budgeting, Performance Planning, and Standard
Costing
Objectives When you complete this module, you should able to:
of budgeting and the
process of budget
administration.
the budgeting
process.
information is useful
for management exception.
epare flexible budgets and interpret the performance report.
Assignments
PM EST/EDT
EST/EDT
EST/EDT

Complete Exam 3 (Chapters 18, 20, and 21) in Connect Sunday
11:59 PM EST/EDT
Module 7 Capital Budgeting and Investment Analysis
to:
-even time.
scribe its use.
explain their use.
Assignments
PM EST/EDT
EST/EDT
EST/EDT

EST/EDT
Module 8 Analysis of Financial Statements
to:
analysis.
alysis.
Assignments

PM EST/EDT
EST/EDT
EST/EDT
Complete Exam 4 (Chapters 13 and 24) in Connect Sunday
11:59 PM EST/EDT
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Scanned by CamScanner

Hunting and Gathering Communities
4
Fatma Botaiban
August,31st ,2015
Hunting and gathering communities
Introduction
The narrative ‘life in the bush ’depicts how communities that
rely on hunting and gathering as their means of survival lived.
The !kung people in this narrative lived in Kalahari Desert and
depends on its vicinities to survive. The life in this place seems
impossible for an intruder or a visitor and one can die out of the
unfamiliarity with the area which has the climate of an arid area
however, the !kung people understood the area well as well as
the means of getting their daily meal. The main source of food
was through gathering and hunting. Water is also a scarce basic
need in this area, people had to walk long distances to get it.
This narrative brings out very outstanding characters of these
communities which include handwork, courage, generosity,
creativity and education as well as culture.
First, the hunting and gathering communities are very
hardworking, the hunting is majorly a role of men whereas
gathering was majorly done by women and children, the two
groups respectively performed their duties to make the ends
meet. Additionally, the women would also fetch water while the
husbands hunted in the bush. The hunting is not such an
entertaining encounter, it requires courage and brevity for one

to do it, and the men hunted a variety of over fifty animals,
which were edible. The elderly men applied their various
hunting skills such as hitting the animal down with a rod,
chasing after them, using snares to trap them, using a bow and
arrows to kill the animal amongst other techniques to hunt the
animal. Most of the times the hunting was performed as a
teamwork but the meat was entitled to the individual who hit the
animal and it was upon them to share it. The hunting process
also involved little water and no food until a catch was made
and they travelled back to the village. Once an animal was
killed, it was skinned and its liver roasted in the bush by the
hunters to eat, afterwards they would carry it home. The women
on the other hand gathered fruits, edible roots and herbs, some
roots required digging and chopping, in addition, if any of the
groups encountered a beehive they would fetch the honey into
containers and carry it home.
Secondly, the hunting and gathering communities are
courageous. Both hunting and gathering is done in a dangerous
vicinity which is characterized by wild animals. The men would
hunt an animal in an environment which involved other
dangerous animals such as lions and it was their duty to scare
them away in order to get their killed animals (83-84).
Sometimes, they would be lucky to find already killed animals
by the predators and it would require them to camp there to eat
all those animals and also keep the predators away. Third, the
community is also generous, the families that got meat shared
with the fellows who did not, sharing was encouraged a lot. The
people who did not share were not loved in the community.
Fourth, the community is pictured as creative and educative, the
parents are responsible for passing their skills to their children.
The boys were nurtured on how to hunt from their childhood, as
young boys they are given toy bows and arrows. They would
practice hunting on objects, then little animals such as birds
until age 12 where they would accompany their fathers and
continue learning. At age 15 they expected to kill their first
animals (81-84). The girls stayed with their mothers and learned

the duties of women as well. The community used creative ways
to carry meat, store water and design hunting and gathering
tools.
Lastly, the gathering and hunting community in the book
adhered to their culture. They applied cultural medicines to heal
the sick, they believe in spirits as well as their role of
protecting them. In several instances, Nasa’s father practices a
curing trance on her when she falls sick as well as a medicinal
trance to scare away lions. Moreover, ceremonies are held to
celebrate young men who made their first animal kill and
afterwards they were declared able to marry.
Conventional wisdom on hunting and gathering communities.
Today, most people just imagine on the lifestyles of the hunting
and gathering communities. The narrative, ‘life In the bush’
challenges the knowledge of most people who view the life of
hunters and gatherers as dirty ,superstitious, violent , ignorant
and miserable amongst other ideas. The narrative presents the
world with authenticity and the real implications of hunting and
gathering communities.in contrast, the !kung people are not
ignorant ,they are hardworking and brave, in addition , they are
not dirty, the kind of food they feed on is strong since it is
natural giving them healthy lives free from chemicals of modern
men. Additionally, these people rarely fall sick moreover, the
kind of illnesses that Nasa suffer from are just out of overeating
of meat. The people of !kung are not presented as superstitious,
the spirits to them are just but a source of healing. Nasa as a
grown up appreciates her life and she is happy with the kind of
life hence, they are not miserable. Violence in this community
is just used to instill discipline and there are no extreme cases
of violence presented. Therefore, this text challenges the most
views of people about the hunting and gathering communities.
Conclusion
The narrative ‘life in the bush’ is very important as an historical
source. It elaborates very well on what happened in the past and
eliminates many questions that people have about the hunting
and gathering communities. It also presents a firsthand

information from people who were once in a hunting and
gathering community. The text can be used as a tool to learn
more about the hunting and gathering communities in terms of
genetic, forensic, anthropological, and technological amongst
other important areas of study of history
References
Shostak, M. (2014). Nisa: The life and words of a! Kung
woman. Routledge.

Saint Leo University ACC 202 Principles of Accounti.docx

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Saint Leo University ACC 202 Principles of Accounti.docx