INTERMEDIATE ACCOUNTING II
ACCT 304
Fall 2016
Instructor: Jamie Seitz Office Hours: MWF 8-9
Phone: 812-461-5421 via email; or anytime via https://zoom.us/j/7258456906
E-mail: [email protected]
COURSE DESCRIPTION This course is a continuation of the intensive study and application of GAAP begun in
ACCT 303. The emphasis in this course is on the valuation and presentation of long-term
liabilities, stockholders equity, footnote disclosures required by GAAP, and other special
accounting topics. Prerequisite: ACCT 303
LEARNING OBJECTIVES
1. Demonstrate the accounting for operating liabilities (short term, long term,
income tax, leases, and employee compensation and benefits) and the related
losses. Additionally describe the related disclosure requirements (CHs 13, 14, 17,
18, 19),
2. Produce the required the accounting for stockholder’s equity and its main
components and describe the related disclosure requirements (CH 15),
3. Implement the accounting for debt and equity investments and long-term notes
receivable. Additionally, describe the related disclosure requirements (CH 16),
4. Compute basic and diluted earnings per share (EPS) and construct the necessary
adjustments to income and describe the related disclosure requirements (CH 20),
5. Illustrate the types of accounting changes and explain the common accounting
errors and corrections (CH 21),
6. Prepare the statement of cash flows and describe the related disclosure
requirements (CH 22).
TEXT
Intermediate Accounting by E. Gordon, J. Raedy, A. Sannella; Pearson Publishing ©
2016; ISBN – 13: 9780134053714
FASB Codification Access for Students: Login: AAA51914 Password: c63hKHR The website to login is http://aaahq.org/ascLogin.cfm
Remind Application Instructions on how to sign up for this safe texting app will be sent at the beginning of the
course. You must sign up for this mode of communication.
MyAccountingLab MAL is a computer program developed and designed to reinforce the information
introduced in the accounting text. You will use the computer program to complete
exercises and problems that will give you practice in applying basic accounting principles
and procedures. A major advantage of computer-assisted instruction is that you will be
provided immediate feedback to your responses and provided with an explanation of the
suggested solution to the exercise. ALL assignments (HW/Exams) completed on MAL
are due by 9:00pm on the due date. No late work is accepted!
HOMEWORK
Homework assignments are to ensure that you are comprehending current material being
covered. You should NOT wait until the due date to begin work on the homework! You
may work on the homework at different times (the assignment does not have to be
completed in one sitting) and you can work/rework each exercise/problem as many times
as needed to fully grasp the material up to the due date of the assignment. The homework
assignments are a tool to allow you the opportunity for more practice of the concepts in
the chapter and those covered in class. Working diligently and fully understanding the
homework assignment will be a good first step in preparation for the upcoming exam.
You should NOT fully rely on the homework as your only preparation for the
exam/assessment(s). (These assignments are located under Do Homework in MAL).
EXAMS
Exams are completed online via MAL (can be a combination of short answer, multiple
choice). Exams test your ability to recall the concepts that you have acquired in your
readings of the chapters, our class discussions, online lectures and individual research. In
addition, exams will require that you be able to not only recall concepts but be able to
apply them in accounting situations. Exams will be given, on MAL, during the course as
outlined in the Course Calendar. Please note: there are NO makeup exams! All exams
open at 6am and close at 9pm (central time). The exams have a time limit of 2 hours
(except for the final with a time limit of 3 hours). Once you begin an exam on MAL
you will have to complete the assignment (i.e. you may not stop and start). Once the last
day to complete the exam has past there will be no make-up exams allowed. That being
said, I always recommend completing assignments earlier rather than later. (These
assignments are located under Take a Test in MAL). All exams are open 6am-9pm.
FINAL EXAM
The final exam will be administered during the final exam week via MAL. You will be
given 3 hours to complete the comprehensive exam. It must be completed PRIOR to
9:00pm on the last day of final exam week. Do not wait until the last minute
(computer/Internet problems is not an excuse to not complete the exam on time – NO
EXTENSIONS WILL BE GIVEN!) Final exam is open 6am-9pm.
PARTICIPATION/DEPORTMENT/PROFESSIONAL DEVELOPMENT
A portion of your grade MAY be determined by your level of activity in periodic online
discussions of topics as well as your responses to others’ postings. In addition, good
behavior is expected in this course and lack of respect for each other and/or the professor
will result in a reduction or loss of deportment points (i.e. poorly worded or
disrespectful email communication, discussion posts, etc.).
NOTE:
There are multiple online lectures that I have developed and you are encouraged to
utilize those to assist you throughout this course. The online lectures are not exhaustive
with regards to coverage of the material and you will not be able to rely solely on the
notes from those lectures. You can find them for this course on Blackboard as well as
other potentially helpful materials (lectures from your previous accounting courses:
Financial and Managerial).
All Assignments in MAL are due by 9:00pm on the due date or the last date available
unless otherwise stated. Discussion posts are due before midnight on the day of the next
exam. You should only email assignments if there is no specific dropbox created for
that assignment or if instructed to do so. Any emailed assignment should be in PDF
format and in ONE file (i.e. Not multiple files for multiple pages - these should all be
merged into one PDF file – as with ALL submissions, if I can't open the file it will not be
accepted as on time). Any emailed assignments must appear in my email box PRIOR to
the beginning of the class it is due or it is considered late and will not be accepted.
Please make sure you keep a close eye on your MAL calendar and the course calendar at
the end of the syllabus to stay abreast of when things are due! This is YOUR
responsibility - NO LATE WORK IS ACCEPTED!
METHODS
1. Online video lectures and online discussion of text material,
2. Application of text material in solving assigned problems,
3. Collaborative group discussions for problem solving
GRADES
Exams 35% 90 - 100% A
Final Exam 25% 80 - 89% B
70 - 79% C
HW/discussions 40% 60 - 69% D
Total 100% Below 60% F
ACADEMIC DISHONESTY
Academic dishonesty will not be tolerated in any form and will result in a grade of
“0" for the examination or assignment and a failing grade in the course. The
instructor may also pursue the option of starting proceedings to have a student expelled
from the University for academic dishonesty.
CAREER ADVISING
Career advising is available through your academic advisor or any accounting professor.
Please take advantage of this opportunity to discuss the career paths open to accounting
graduates and to ask relevant questions.
AMERICANS WITH DISABILITITES ACT COMPLIANCE
If you have a disability for which you may require academic accommodations for this
class, please contact Disability Resources at 812-464-1961 or email Ronda Stone at
[email protected] as soon as possible. Students who are approved for accommodations by
Disability Resources should request their accommodation letter be sent to their online
instructors. Due to the nature of online courses some accommodations approved for on
campus courses may not apply. Please discuss this with Disability Resources to clarify as
needed. Students who receive an accommodation letter from Disability Resources are
encouraged to discuss the provisions of those accommodations with their professors
before or during the first week of the semester.
If you will be in an internship, field, clinical, student teaching, or other off-campus
setting this semester please note that approved academic accommodations may not
apply. Please contact Disability Resources as soon as possible to discuss
accommodations needed for access while in this setting.
For more information, please visit the Disability Resources website at
http://www.usi.edu/disabilities.
AVAILABLE SUPPORT SERVICES
The University has a number of support services which are available for students. The
Counseling Center located in the University Division provides counseling services for
students with learning, physical or other disabilities. Please contact the Counseling
Center to learn more about this service. Academic Skills provides tutoring for many
lower level courses. Contact the Academic Skills office to determine the courses and
hours of tutoring services.
TECHNICAL SUPPORT CONTACT INFORMATION
USI Help Desk: Ph: (812) 465-1080 / email: [email protected]
Pearson Support: http://www.pearsonmylabandmastering.com/northamerica/mymathlab/students/support/
Date CH Objective / Topic Assignment Due
Before
semester
begins
Class Introduction – via MAL Discussion
board
Read Syllabus thoroughly
Discussion Post 1
(Student Intro)
8/22, 8/24,
8/26
13 Operating Liabilities and Contingencies HW (CH 13)
8/29, 8/31,
9/1
14 Financing Liabilities HW (CH 14)
9/5,
9/7, 9/9
18 Labor Day – No Class
Accounting for Leases
HW (CH 18)
9/12, 9/14,
9/16
18 Accounting for Leases
Module 1 EXAM (CH
13, 14, 18)
Module 1: Discussion
Post 2 (due before
midnight)
10/3, 10/5,
10/7
15 Accounting for Stockholders’ Equity HW (CH 15)
10/10,
10/12, 10/14
16 Investing Assets
HW (CH 16)
10/17, 10/19
10/21
17 Accounting for Income Taxes
*Last day to drop without evaluation: 10/21
HW (CH 17)
10/24,
10/26, 10/28
19 Accounting for Employee Compensation
and Benefits
HW (CH 19)
10/31, 11/2,
11/4
Module 2 EXAM (CH
15, 16, 17, 19)
Module 2: Discussion
Post 3 (due before
midnight)
11/7, 11/9,
11/11
20 Earnings per Share HW (CH 20)
11/14,
11/16, 11/18
21 Accounting Changes and Error Analysis
HW (CH 21)
11/21,
11/23, 11/25
Case Study
Thanksgiving Break – No Class
TBA
11/28, 22 The Statement of Cash Flows HW (CH 22)
11/30, 12/2
12/5,
12/7,
12/14
22 The Statement of Cash Flows
Study Day – No Class
Module 3 EXAM (CH
20, 21, 22, &
Cumulative Final
Exam)
Module 3: Discussion
Post 4 (due before
midnight)
