acct 3332-01 intermediate accounting ii alice a. ... 1 acct 3332-01 â€“ intermediate accounting...
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ACCT 3332-01 – Intermediate Accounting II Alice A. Upshaw, MPA, CPA, CMA
WTAMU College of Business Mission Statement The mission of the College of Business is to provide high quality undergraduate and graduate business education with a global perspective and ethical awareness. We accomplish this through emphasis on excellence in teaching, which is strengthened by faculty scholarship and supported by professional service. Learning Objectives of the WTAMU College of Business Programs The College of Business (COB) at West Texas A&M University (WTAMU) seeks to prepare students in the Bachelor of Business Administration (BBA), Master of Business Administration (MBA), Master of Professional Accounting (MPA), and the Master of Science, Finance and Economics (MSFE) degree programs for careers in business and to foster their professional growth and advancement via key learning goals and objectives.
The learning objectives of the College of Business are as follows:
Core Business Knowledge
Global Business Environment
Business Ethics and Corporate Governance
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Course Description Emphasis is placed on both accounting theory and practice. Ethical considerations in the profession of accounting are discussed on the entity and international levels. Intermediate Accounting II addresses the following financial accounting topics:
current liabilities and contingencies
stockholders’ equity, dilutive securities and earnings per share
accounting for income taxes
accounting for pensions and postretirement benefits
accounting for leases
accounting changes and error analysis
the statement of cash flows
disclosure in financial reporting
Course Objectives Intermediate Accounting II is designed to assist the accounting student to
1. understand financial accounting principles sufficiently to solve problems at the level tested on the Uniform Certified Public Accountant (CPA) Exam,
2. read, understand, and communicate material written on a professional level, 3. analyze financial statements and demonstrate competency in communicating conclusions in the form of
written memos and reports, and 4. synthesize ethical considerations with accounting principles, with emphasis on the ethics of professional
accountants and of those responsible for corporate governance. Course Materials (Text, calculator, etc.) Students are expected to bring a basic four-function calculator and the textbook to every class. Business calculators or graphing calculators are permissible but not required. Map from COB Learning Objectives to Specific Course Objectives The College of Business Learning Objectives are related to the course objectives for ACCT 3332 as follows:
1. Students will demonstrate competencies in writing, speaking, and technology communication via exams, written assignments, in-class exercises, and homework.
2. Students will demonstrate their competencies in critical thinking via exams, written assignments, in-class exercises, and homework.
3. Students will demonstrate their competencies in ethical decisions via exams, written assignments, in-class exercises, and homework.
4. Students will demonstrate their knowledge of the global and domestic environment and their relevance to the business contexts via exams, written assignments, in-class exercises, and homework.
5. Students will demonstrate their knowledge of diversity for effective problem-solving via exams, written assignments, in-class exercises, and homework.
6. Students will illustrate and explain theories and concepts related to current liabilities and contingencies, long- term liabilities, stockholders’ equity, dilutive securities and earnings per share, investments, revenue recognition, accounting for income taxes, accounting for pensions and postretirement benefits, accounting for leases, accounting changes and error analysis, the statement of cash flows, and disclosure in financial reporting via exams, written assignments, in-class exercises, and homework.
Course Grading Policies Attendance is expected. While students are not graded on attendance, failure to attend class will limit the student’s potential to perform at an optimum level. The student is responsible for all material covered in class, handouts, and all announcements made in class, including changes in the Class, Homework, and Exam Schedule.
Assigned reading - Students are expected to read the assigned portions of the textbook and be prepared to discuss and apply concepts in class. See Class, Homework, and Exam Schedule. In-class exercises and assignments will be used to give students practice in applying concepts and to enhance and assess each student’s understanding of assigned reading and homework. In-class exercises may include pop tests. Homework generally will not be collected for grading but may be collected occasionally. No late homework will be accepted. Homework, when collected, will be accepted only in person (not emailed) and will be graded for completion only, except as noted when assigned. Subsequent to the due date, solutions will be made available either in class or on WTClass. See Class, Homework, and Exam Schedule for due dates. Questions and exercises allow students to develop accounting skills, but they cannot realistically represent all applications of the accounting principles that will be encountered on exams or in the practice of accounting. Exams are based on assigned reading, homework, in-class exercises, class notes, and handouts. Exams consist of accounting theory and application questions in the form of multiple choice, short answers, journal entries, and problems. See Class, Homework, and Exam Schedule for exam dates. Though exam dates are set, circumstances may cause these dates to be changed. All electronic devices (except a calculator) must be stowed away during exams. Exception: International students are permitted to use electronic translators (not connected to the Internet) during exams. Extra credit opportunities may be offered at various times through the semester. When offered, extra credit will be equally available to all enrolled students. No extra credit will be offered after the semester is concluded. Comprehensive final must be taken at the time scheduled by the University. See Class, Homework, and Exam Schedule for date and time. Total points will come from daily grades, exams, and the final. Values available for each component are as follows:
100 points daily grades—in-class exercises, pop tests, and selected homework 600 points exams (4 200-pt. exams, drop lowest) 300 points comprehensive final 1000 total points
Grades will be based on the following percentages of total points: A = 90% of the total points B = 80% of the total points C = 70% of the total points D = 60% of the total points F = Below 60% of the total points
NOTE: Failure to complete any of the above requirements may result in a failing grade. Course Assignment and Examination Policies Unless specific instructions allow collaboration, all assignments are to be completed INDIVIDUALLY and by the student enrolled in the course. It is totally unacceptable to represent as your work any assignment, question, exercise, or problem that is done by someone else. It is equally unacceptable to copy from anyone or any source any assignment, question, exercise, or problem, or to allow yours to be copied by anyone else. It is impossible to co