READINGS AND ASSIGNMENTS

QUEENS COLLEGE OF THE CITY UNIVERSITY OF NEW YORK DEPARTMENT OF ACCOUNTING AND INFORMATION SYSTEMS
ACCOUNTING 102
Learning Objective: Continuation of accounting principles as delineated in Accounting 101
Required Textbook: Financial and Managerial Accounting: The Basis for Business Decisions Williams, Haka, Bettner and Carceilo, Fifteenth Edition
Note: All problems assigned are from the 'A' problem section of each chapter.


Chapter 11: Stockholders' Equity: Paid-in Capital (pp. 499^508) Learning Objectives-Accounting for book value; treasury stock transactions: Journal entries and financial statement presentation. Exercises: 8,9,10;13,14. Problem: 2


Chapter 12: Income and Changes in Retained Earnings Learning Objectives- Presentation of discontinued operations and extraordinary items in the income statement, computation of earnings per share, accounting for and presentation of cash and stock dividends, preparation of statement of retained earnings and statement of stockholders' equity, presentation of prior period adjustments and definition of comprehensive income. Exercises: 2,3,5,7. Problems 1,3,6.


Chapter 10: Liabilities (OP. 444-457) Learning Objectives- Bonds Payable: Describe corporate bonds and advantages of debt financing, preparation of journal entries and financial statement presentation for bonds issued at par, discount and premium. Exercises: 8,9,10. Problems 5,6,


Chapter 7: Financial Assets (pp. 299-303) Learning Objectives- Market Securities: Preparation of journal entries, understanding of financial statement presentation and recording of realized / unrealized' gains and losses for available for sale securities. Exercises:.7,13. Problem: 5


Chapter 9: Plant and Intangible Assets (pp. 405-417) Learning Objectives- Understand the concepts
of plant asset disposal, preparation of journal entries and financial statement preparation. Understand
the concepts of intangible assets and natural resources including journal entries and financial statement
presentation. • .
Exercises: 7,10,11. Problems 4,5.


Appendix C: Partnerships (DP. C-3 to C-6 & C-16 to C-22) Learning Objectives- Understand the characteristics of general partnerships and other partnerships. Preparation of journal entries for the formation of a partnership and closing entries for income and loss allocations to the partners. Exercises: CI, C3.C4.C9, CIO, CI 1.

13: Statement of Cash Flows (pp. 569-5821 Learning Objectives- Explain the purpose of the statement of cash flows, describe classifications in the statement of cash flows, computer the major cash flows relating to operating activities, compute cash flows for various investing and financing items, and explain the differences between the direct and indirect methods of reporting cash flows from operating activities. • Exercises: 3,4, 5. Problems: 4A, 4B


Chapter 7: Financial Assets (pp. 303-311) Learning Objectives- Uncollectible Accounts: Explain the differences between the allowance and direct write-off methods of accounting for uncollectible accounts receivables, preparation of journal entries and financial statement presentation. Exercises: 8. Problems: 3,4


Chapter 16: Managerial Accounting: A Business Partner Learning Objectives- Describe the types of manufacturing costs, distinguish between product and period costs, direct and indirect costs. Describe how manufacturing costs flow through the perpetual inventories. Prepare a schedule of costs of finished goods manufactured. Exercises: 2,3,4,5. Problem: 1.


Chapter 17: Job Order Cost Systems & Overhead Allocations ("pp. 770-7791 Learning Objectives-Explain the purpose of cost accounting systems, explain the purpose of overhead application rates, describe the purpose of job cost sheets and accounting for the flow of costs using job order costing. Exercises: 3,4,5,7. Problems: 2,4


Chapter 20: Cost-Volume-Profit Analysis Learning Objectives- Explain fixed variable and semi variable costs, compute contribution margin, sales volume for desired levels of operating income, compute contribution margin ratio and use in estimation of operating income and sales volume. Exercises:. 1,3, 7. 8


Chapter 14: Financial Statement Analysis Learning Objectives- Explain the use of dollar and percentage changes in components of the financial statements, explain classifications in financial statements and preparation of a classified financial statements. Compute widely used financial ratios and their significance. Exercises: 4, Problems: 4,5

There will be at many examinations administered during the semester. In addition there will be a cumulative, departmental final examination. Scientific calculators will not be acceptable for exam purposes