ACNT 1404




COURSE NAME: Introduction to Accounting Part II





CREDIT HOURS: 4, (Lecture Hours: 3; Lab Hours: 3)





CATALOG DESCRIPTION: ACNT 1404 INTRODUCTION TO ACCOUNTING II (4-3-3). A continuation of the first course with emphasis on merchandising transactions, notes payable and receivable, valuation of receivables and equipment, and valuation of inventories in a manual and computerized environment; continued mastery of accounting software (Sage 50).
Skills: B Prerequisites: ACNT 1403. Course Type: W

Course Rationale: The goals and objectives of this course prepare students for (1) obtaining or improving job skills, (2) qualifying for a business or accounting job, (3) achieving job advancement, (4) preparing for a Principles of Financial Accounting or other accounting course (5) preparing for a business certification exams (Certified Bookkeeper), (6) working as an entrepreneur, (7) completing degree requirements and/or (8) fulfilling personal goals.



Scans Competencies:

Competency must be shown in the following three areas:

1.       Manage time

a.       Uses class and lab time efficiently to accomplish required assignments

b.       Focus efforts toward accomplishing class-related goals

c.        Prioritizes activities based on deadlines and level of importance

d.       Stays on target with class syllabus and planned lab activities

2.       Use computers to process information

a.       Uses lab computers and text to acquire and organize financial information for the completion of lab assignments using QuickBooks software

b.       Analyzes information necessary to complete and accounting cycle and prepare statements using an automated system

c.        Communicates financial information through the processing and production of financial statements

3.       Student exhibits responsibility

a.       Meets established deadlines for homework and lab assignments

b.       Attends class/lab on a regular basis

c.        Takes exams on time

d.       Seeks assistance from instructor and/or tutors when necessary

e.        Prepares for classes

TEXTBOOKS: Accounting Principles, 12th edition, Weygandt/Kieso/Kimmel, John Wiley & Sons Inc. (9781118875056) and Computer Accounting, with Sage 50 Complete Accounting 2015, 18th edition (9781259350313)

INSTRUCTIONAL METHODOLOGY: The objectives of this course will be met by incorporating a variety of instructional methods.  These may include lecture, class exams and quizzes, group activities and project, student presentations, class problem-solving, written analysis, spreadsheet, word processing and power point activities, the use of accounting software and online activities and research.

METHOD OF PRESENTATION: Three-hour lecture/discussion each week. Three lab hours each week.

COURSE REQUIREMENTS: See specific Instructor's First Day Class Handout.

OTHER: Basic computer skills utilizing word processing and spreadsheet are recommended for ACCT 1404.


Grading System:



Pts Each





Exams - Accounting Text









Assignments - Text (34 drop 4)









Quizzes (10 drop two)









Peachtree Exercises









Peachtree Exam
















Attendance Policies: Austin Community College does not have an established attendance policy. The Business Studies Area has determined that absences in excess of 10 percent of the scheduled class periods are the basis for an instructor to withdraw a student from class. While I may withdraw a student for excessive absences, I have no obligation to do so.

Withdrawal Policy: XXXXXth is the last day to withdraw from this class and receive a grade of “W”. If students wish to withdraw, complete a withdrawal slip and turn it into the admission’s office. Do not assume I will withdraw you.

Make-up exam policy: Students must contact the Instructor within one week after the missed exam to schedule an exam in the testing center. If students have not taken the exam within one week from the scheduled exam date 15 points will be deducted from the exam grade for each class meeting date until the exam is taken. There is no curve available for the make-up exams. Only one make-up exam may be taken during the semester. The make-up exam may consist entirely of multiple-choice questions and cover any topics included in the chapters – not just the topics listed on the exam review sheet. If there is a conflict, students may take an exam early with no penalty. Please discuss this with the Instructor as soon as you are aware of a conflict.

Due Dates: To receive credit all exams, quizzes, homework, projects and or other assignments are due on or before the dates as specified in the course outline/calendar located on the current syllabus. No late exams, quizzes, homework, projects or other assignments will be accepted. There is no make-up work and no extra credit work.

Incomplete Policy: An instructor may award a grade of “I” (Incomplete) if a student was unable to complete all of the objectives for the passing grade in a course. An incomplete grade cannot be carried beyond the established date in the following semester. The completion date is determined by the instructor but may not be later than the final deadline for withdrawal in the subsequent semester. Incomplete grades are given only on rare occasions. The purpose of this grade is for an emergency, or other serious considerations, which occurs after the withdrawal date and prevents timely completion of the course.

Scholastic Dishonesty: Acts prohibited by the college for which discipline may be administered include scholastic dishonesty, including but not limited to cheating n an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations, and homework.

Student Rights and Responsibilities: Students at the college have the rights accorded by the U.S. Constitution to freedom of speech, peaceful assembly, petition, and association. These rights carry with them the responsibility to accord the same rights to others in the college community and not to interfere with or disrupt the educational process. Opportunity for students to examine and question pertinent data and assumptions of a given discipline, guided by the evidence of scholarly research, is appropriate in a learning environment. This concept is accompanied by an equally demanding concept of responsibility on the part of the student. As willing partners in learning, students must comply with college rules and procedures.

Students with Disabilities: The following statement on students with disabilities must also be included: Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reasonable accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester.

Safety Statement: Austin Community College is committed to providing a safe and healthy environment for study and work. Students are expected to learn and comply with ACC environmental, health and safety procedures and agree to follow ACC safety policies. Additional information on these can be found at Because some health and safety circumstances are beyond our control, we ask that students become familiar with the Emergency Procedures poster and Campus Safety Plan map in each classroom. Additional information about emergency procedures and how to sign up for ACC Emergency Alerts to be notified in the event of a serious emergency can be found at

Please note, students are expected to conduct themselves professionally with respect and courtesy to all. Anyone who thoughtlessly or intentionally jeopardizes the health or safety of another individual will be immediately dismissed from the day’s activity, may be withdrawn from the class, and/or barred from attending future activities.

ACC Email Policy: All College e-mail communication to students will be sent solely to the student’s ACCmail account, with the expectation that such communications will be read in a timely fashion. ACC will send important information and will notify students of any college related emergencies using this account. Students should only expect to receive email communication from their instructor using this account. Likewise, students should use their ACCmail account when communicating with instructors and staff. Instructions for activating an ACCmail account can be found at

Testing Center Policy: Under certain circumstances, an instructor may have students take an examination in a testing center. Students using the Academic Testing Center must govern themselves according to the Student Guide for Use of ACC Testing Centers and should read the entire guide before going to take the exam.

Student and Instructional Services: ACC strives to provide exemplary support to its students and offers a broad variety of opportunities and services. Information on these services and support systems is available at: Links to many student services and other information can be found at:

ACC Learning Labs provide free tutoring services to all ACC students currently enrolled in the course to be tutored. The tutor schedule for each Learning Lab may be found at:

For help setting up your ACCeID, ACC Gmail, or ACC Blackboard, see a Learning Lab Technician at any ACC Learning Lab.

Grade Change Policies: Click on this link to view the policy. (See Student Handbook:

Repeating a Class – Third Course Attempt: Per state law, any student taking a class for the third time or more may be charged additional fees per credit hour unless exempted. Click on this link for more information:

Student and Instructional Services:

Always refer to the instructor’s current syllabus for course evaluation, contact information, and course outline/calendar.



Upon successful completion of this course, students should be able to:


Chapter 11

Explain how to account for current liabilities.

Discuss how current liabilities are reported and analyzed.

Explain how to account for payroll.

Chapter 12

Discuss and account for the formation of a partnership.

Explain how to account for net income or net loss of a partnership.

Explain how to account for the liquidation of a partnership.

Chapter 13

Discuss the major characteristics of a corporation.

Explain how to account for the issuance of common and preferred stock.

Explain how to account for treasury stock.

Prepare a stockholders’ equity section.

Chapter 14

Explain how to account for cash dividends.

Explain how to account for stock dividends and splits.

Prepare and analyze a comprehensive stockholders’ equity section.

Describe the form and content of corporation income statements.

Chapter 15

Describe the major characteristics of bonds.

Explain how to account for bond transactions.

Explain how to account for long-term notes payable.

Discuss how long-term liabilities are reported and analyzed.

Chapter 16

Explain how to account for debt investments.

Explain how to account for stock investments.

Discuss how debt and stock investments are reported in financial statements.

Chapter 17

Discuss the usefulness and format of the statement of cash flows.

Prepare a statement of cash flows using the indirect method.

Analyze the statement of cash flows.

Chapter 18

Apply horizontal and vertical analysis to financial statements.

Analyze a company’s performance using ratio analysis.

Apply the concept of sustainable income.




Chapter 9

Set up company information for DennisWestin Designer.

Select a Service company from the simplified char of accounts list.

Edit the chart of accounts.

Enter beginning balances.

Use Windows Explorer to see the company’s file size.

Export the chart of accounts and beginning balances to Excel, and save PDF files.

Make four backups, save two Excel files, and save four PDF files.

Chapter 10

Restore data from Chapter 9.

Record and post deposits, checks and ATMs.

Complete account reconciliation.

Display the Account Register.

Display the Cash Receipts Journal, Cash Disbursements Journal, and General Journal.

Print financial statements.

Export the October General Ledger Trial Balance, Balance Sheet and Income Statement to Excel and save as PDF files.

Make four backups, save two Excel files, and save four PDF files.

Chapter 11

Restore data from Chapter 10.

Define Sage 50’s General Ledger System.

Change accounting periods.

Record and post deposits, checks and ATM transactions for November and December.

Complete account reconciliation.

Display Sage 50’s data file statistics window.

Print a General Ledger Trial Balance (unadjusted).

Journalize and post end-of-quarter adjusting entries in the General Journal.

Print the Adjusted Trial Balance and financial statements.

Close the fiscal year.

Print a Postclosing Trial Balance.

Make eight backups, save four Excel files, and save 12 PDF files.

Chapter 12

Set up company information for Cindy’s Service Merchandise, a merchandising business.

Enter general ledger information – chart of accounts and beginning balances.

Enter accounts payable information – vendor defaults and vendor records.

Enter inventor information – inventory defaults, inventory items, and inventory beginning balances.

Record and post Vendors & Purchases transactions.

Make eight backups, save two Excel files, and save five PDF files.

Chapter 13

Restore data from Chapter 12.

Set up customer default information.

Set up sales tax information.

Set up customer maintenance information.

Record credit sales, cash sales, and sales returns.

Record customer receipts, partial payments, and edit invoices.

Make four backups, save two Excel files, and save three PDF files.

Chapter 14

Restore data from Chapter 13.

Enter inventory maintenance and default information.

Enter inventory item information, including Sales account, Merchandise Inventory account, and Cost of Sales account.

Enter item codes when recording purchases and sales.

Enter inventory adjustments.

Make three backups, save two Excel files, and save five PDF files.

Chapter 15

Restore data from Chapter 14.

Complete the Payroll Setup Wizard.

Enter employee and employer default information.

Journalize and post Payroll Journal entries.

Print paychecks.

Reconcile the Southwest Bank account and the Payroll Checking Account.

Compare the vendor ledgers, customer ledgers, and inventory valuation report to the general ledger’s controlling accounts.

Print the financial statements.

Make four backups, save two Excel files, and save nine PDF files.