Optional:  Study Guide-Volume 2

These items can be purchased from the Kellogg Community College bookstore, either in person or by calling the bookstore at (269) 965- 4128.  You will need to give the bookstore your credit card information for the books and for a nominal additional charge they will ship the books to you via UPS.

Required on campus sessions:  None   

Special labs or practicum:  none

Number of assignments:  There are a number of written assignments at the end of the chapters in the textbook.  There are three discussion board questions.  For further information, see the course syllabus

Estimated time per week:  Varies by student.

Group interaction required:  None required.  Students can use e-mail and Discussion Board features within the course to communicate with each other if they choose.

Scheduled activities:  Activities are self-paced.  The student must finish the course within the time provided.  The course is divided into four equal parts and it is strongly suggested that the student finish a section at quarter intervals. 

Requirements:  Students must have access to the following

• Equipment:  You will need a computer that is able to access and interact with the Web. For best results, a Pentium or PowerMac with a 56 Kbps or faster modem and 256 MB or more of RAM should be considered the minimal system.
• Software:  You will need one of the following Internet browsers: Microsoft Internet Explorer 6 or higher; Firefox; Mac users may use Safari or Firefox.
• Internet connection: Home users need Internet access through an Internet Service Provider (ISP) that offers a reliable connection to the Internet.

1.   Explain the basic concepts involved in the recognition of revenue and expense.
2.   Explain the basic accounting for the formation of a partnership.
3.   Explain the accounting for the division of income and loss in a partnership.
4.   Explain the basic accounting for the admission, retirement, death and sale of partnership interests.
5.   Examine the accounting involved in the liquidation of a partnership.
6.   Explain the basic accounting for the corporation.
7.   Explain the basic accounting for an investor buying stock in a corporation.
8.   Explain the nature and accounting for long term corporate liabilities.
9.   Explain the basic accounting for an investor buying corporate bonds.
10. Analyze the basic elements of Federal Income Taxes
11. Explain the nature and elements of cost accounting
12. Analyze the usefulness of the statement of cash flows
13. Demonstrate the use of present value and the concepts of capital budgeting.