Intermediate Accounting II

4 Credits

ACCT 3020 Section 01 M-W-F from 10:20 11:20 a.m.

Spring 2015 East Hall, Room 4

HSB Mission Statement

The Hamline School of Business is an inclusive community dedicated to the professional and personal development of our students, faculty and staff and to the advancement of the common good. We achieve our mission through teaching excellence, the integration of theory and practice, and the engagement of our stakeholders to address complex issues facing the business, government and non-profit sectors. We see our mission firmly rooted within the values of the Hamline University. Instructor: Nancy Webber, MBT, CPA Contact Information: nwebber01@hamline.edu

Office Hours: M-W-F 11:30 to 12:30 p.m. in GLC 230W; other times by appointment. Required Text and Learning Materials: Intermediate Accounting Kieso, Weygandt, Warfield (15e)

ISBN: 978-1-118-14727-6 Course Description Building on the knowledge students gained in Intermediate I, this second course in a two part sequence focuses on the liability and shareholders equity side of the balance sheet. Topics include current liabilities, bonds, leases, deferred taxes, pensions and stock options, as well as an in-depth look at the statement of cash flows. Course Overview Students find this a challenging accounting course but they are exposed to topics not yet encountered in their accounting curriculum. Furthermore, the GAAP rules are complex. However, at the end of the day it all comes back to cash, and the final two weeks of the semester are spent exclusively on the statement of cash flows. This final topic tests students entire knowledge of financial accounting (including Intermediate Accounting I topics), and will expose any weaknesses therein.

ACCT 1320 Managerial Accounting Webber Page 2 of 8 Student Learning Outcomes As part of an ongoing process, the Hamline School of Business is assessing various aspects of student learning to help improve our undergraduate majors, concentrations and minors. If the outcomes for this class are assessed during this semester, this assessment may be done by the course instructor and/or guest faculty. This assessment will not impact your grade for the course. Your grade is calculated based on the grading structure contained in the course syllabus. HSB will not be looking at your individual performance but will instead be analyzing the overall performance of its students, to identify potential program improvements. Your instructor will provide you with the assessment rubric that will be used to evaluate student work so that you are aware of what is being assessed. A Hamline graduate will be able to: serve, collaborate, and lead in a community solve problems in an innovative, integrative, analytical, and ethical way work and create understanding across cultural differences locally, nationally, and internationally use information and technology competently and responsibly communicate effectively in writing and in speaking apply theories and methods of a field of expertise engage independently and reflectively in lifelong learning

An HSB BBA undergraduate will be able to:

write professional documents deliver professional formal presentations understand core concepts and demonstrate knowledge in accounting, business law,

economics, finance, management, marketing and quantitative business analysis demonstrate proficiency in using analytical software tools use appropriate methodology to analyze and synthesize data

ACCT 1320 Managerial Accounting Webber Page 3 of 8 The course learning outcomes connect to the learning outcomes of our school and university:

Hamline School of Business graduates will:

A Hamline graduate will be able to:

The learning outcomes for this course are to help you:

Applications and Assessment

Possess strong critical thinking and problem-solving skills. Specifically, students will use appropriate methodology to analyze and synthesize data.

Solve problems in an innovative, integrative, analytical, and ethical ways.

Explain the basic issues related to current liabilities and contingencies. Apply the methods of bond discount and premium amortization, plus the extinguishment of debt.

Identify the key components of stockholders equity.

Understand the controversy involving stock compensation plans.

Account for the differences between pretax financial income and taxable income including NOLs.

Prepare a pension worksheet.

Contrast operating and capital leases from lessee and lessor perspective.

Prepare the statement of cash flows using direct and indirect method.

Formal assessment of student learning is not conducted in this class.

Have the ability to use state of the art technology within their professions. Specifically, students will demonstrate proficiency in using analytical software tools.

Use of information and technology competently and responsibly.

ACCT 1320 Managerial Accounting Webber Page 4 of 8

Be effective communicators in professional settings (both in writing and presentational speaking).

Communicate effectively in writing and in speaking.

Understand concepts and demonstrate knowledge in core areas of their field of study.

Apply theories and methods of a field of expertise.

Prepare and interpret high level financial statements.

Attendance Policy Class attendance is required. At the end of the semester, if a student is on a borderline between grades, attendance will be considered when deciding the final grade. In addition, if a students quiz scores are low, but the student demonstrates a mastery of the material by scoring significantly better on the final exam, the students improvement will also be considered in determining the final grade. Homework: Although homework does not formally enter into your grade, it is virtually impossible to do well in accounting without working and understanding the end of chapter exercises and problems. Furthermore, Wiley-Plus is not a requirement of this course. Given that all exams are free-hand computation, the best preparation for an exam is to work as many problems by hand. To get the most out of the lectures, you should have completed the reading and attempted to work end of chapter problems before coming to class. Grading:

There is no extra credit available in this class. Total points will be as follows: Exams (6 @ 75 points each) 450 Comprehensive Final Exam 250

ACCT 1320 Managerial Accounting Webber Page 5 of 8 Evaluation and Grading Students final grade will be determined based on total points earned. All points are weighted equally. The median grade in the class is a B. Class Tutor: Availability of accounting tutors is posted the basement of Bush Library. Please do not use this service as a quick fix before the final exam. If you are struggling with the material, it is advised that you see the instructor on a regular basis during office hours. Course Policies:

Students missing an exam or the final will receive a zero on the exam unless they have documented evidence that they missed the exam for legitimate reasons. Prior arrangements can be made to take the exam earlier than the scheduled date, but no make-up exams will be given. If a student misses up to two of the six exams and has an authorized absence, the student will receive 80% of the average on the other four exams. Missing more than two exams, or the final, will result in an automatic failure of the course.

If you feel a mistake has been made in grading your exams, resubmit the exam to the

instructor within two class sessions of the time the exam was returned to you. Otherwise, no re-grading will be performed.

A grade of I (Incomplete) for the course will only be given if, due to extraordinary

circumstances (e.g. hospitalization), you are unable to take the final exam or missed more than one midterm, and you have a passing grade on the quizzes and midterm(s). An Incomplete requires a written agreement between the instructor and the student specifying the time and manner in which the student will complete the course requirements during the students next term of enrollment.

A simple 4-function calculator will suffice; financial calculators are also acceptable.

Calculators that have the capability to store text are not allowed to be used. Cellular phones may NOT be used as a calculator. During exams, all cell phones and portable media players must be kept in the backpacks or carrying cases that are placed on the floor.

ACCT 1320 Managerial Accounting Webber Page 6 of 8 Tentative Course Calendar* *The instructors reserve the right to alter course content and/or adjust the pace to accommodate class progress. Students are responsible for keeping up with all adjustments to the course calendar. Date Chapter Suggested Problems/Exams

2/4

2/6

Ch. 13: Current Liabilities Ch. 13: Current Liabilities

E13-13, 14, 16, 18 P13-2, 5, 7, 8, 10, 12

2/9

2/11

2/13

Ch. 13: Current Liabilities Ch. 14: Long-term Liabilities Ch. 14: Long-term Liabilities

E14-5, 7, 8, 9, 12

2/16

2/18

2/20

Ch. 14: Long-term Liabilities Ch. 14: Long-term Liabilities Midterm #1A

P14-2, 4, 5, 6, 10, 11, 13 Chapters 13 and 14

2/23

2/25

2/27

Appendix 14A: Troubled Debt Appendix 14A: Troubled Debt Ch. 15: Stockholders Equity

P14-12, 13, 14 E14-21,22, 24, 26, 27

3/2

3/4

3/6

Ch. 15: Stockholders Equity Ch. 15: Stockholders Equity Midterm #1B

E15-3, 4, 6, 8, 10, 11, 12, 14, 15, 16 P15-3, 4, 5, 7, 10, 12 Chapters 14A and 15

3/9

3/11

3/13

Ch. 21: Leases Ch. 21: Leases Ch. 21: Leases

E21-3, 4, 6, 7, 8, 12, 15, 16 P21-2, 3, 4, 6, 8, 10, 13, 16

3/16

3/18

3/20

Ch. 21: Leases Ch. 21: Leases Midterm #2A

Chapter 21

ACCT 1320 Managerial Accounting Webber Page 7 of 8

3/23

3/25

3/27

Ch. 20: Pensions Ch. 20: Pensions Ch. 20: Pensions

E20-2, 3, 5, 7, 8, 10, 12, 13, 14, 16 P20-2, 3, 5, 6, 8, 9, 11

4/6

4/8

4/10

Ch. 20A: Post-Retirement Benefits Ch. 16: Dilutive Securities and Earnings Per Share Ch. 16: Dilutive Securities and Earnings Per Share

E20-19, 20, 22, 23; P20-13, 14 E16-2, 5, 8, 10, 12, 15, 18, 20, 24 P16-1, 3, 6, 7, 8, 9

4/13

4/15

4/17

Ch. 16: Dilutive Securities and Earnings Per Share Midterm #2B Ch. 19: Income Taxes

Chapters 16, 20 (includes OPEB) E19-2, 4, 7, 9, 10, 11, 13, 15, 18, 24

4/20

4/22

4/24

Ch. 19: Income Taxes Ch. 19: Income Taxes Ch. 19: Income Taxes

P19-2, 3, 4, 5, 6, 8, 9

4/27

4/29

5/1

Ch. 19: Income Taxes Midterm #3A Ch. 23: Statement of Cash Flows

Chapter 19

5/4

5/6

5/8

5/11

5/13

5/15

Ch. 23: Statement of Cash Flows Ch. 23: Statement of Cash Flows Ch. 23: Statement of Cash Flow Ch. 23: Statement of Cash Flow Ch. 23: Statement of Cash Flow Midterm #3B

Recommended to work ALL the end of chapter exercises and problems, because you can never work too many Statement of Cash Flow problems. Chapter 23

Final Exam: Tuesday, May 20 from 10 a.m. to noon, East Hall, Room 4

ACCT 1320 Managerial Accounting Webber Page 8 of 8 Course Evaluation

As a research and learning community, Hamline School of Business is committed to continuous improvement. The faculty strongly encourages students to provide complete and honest feedback for this course. Please take this activity seriously because we depend on your feedback to help us improve so you and your colleagues will benefit. Information on how to complete the evaluation will be provided towards the end of the course. Disability Services Students who have documented disabilities that may affect their work in the course and are registered with HU Disability Services should inform the instructor by no later than the end of the second week of the course so that appropriate course adjustments can be made. The sooner you inform your instructor(s) about the need for accommodations the easier it is to make appropriate adjustments in course materials. Please note that appropriate accommodations begin once the instructor(s) have received official notification and will not necessarily be applied retroactively. For more information about university policies and services regarding students with disabilities, please visit http://www.hamline.edu/disabilities/. Important Academic Policies and Services

Honor Code Statement of Diversity and Inclusion Undergraduate Tutoring Writing Center Inclement Weather Policy

Students are strongly encouraged to consult Hamline University Policies at http://www.hamline.edu/policies/, the Academic Bulletin at http://bulletin.hamline.edu/ and the Center for Academic Services at http://www.hamline.edu/offices/academic-services/ for detailed information regarding the above items.

Intermediate Accounting IIEvaluation and GradingTentative Course Calendar*