UNIVERSITY OF SOUTHERN INDIANA COLLEGE OF BUSINESS
ACCOUNTING DEPARTMENT Intermediate Accounting II
Acct 304.002 Fall 2014
Instructor: Francisco Villanueva Office: BE 2078 Phone: (812)228-5172 e-mail: [email protected] Office Hours: Tuesday, Thursday 3:00-6:00 pm or by appointment Classroom: BEC 0005 CRN: 51801 Course Description Intermediate Accounting II continues with the study of the general accepted accounting principles that began in Intermediate I. The focus of this class is in valuation, measurement and presentation of economic transactions related to liabilities and stockholders’ equity. Course Material Intermediate Accounting Kieso, Weygandt and Warfield 15th Ed. Wiley (WileyPLUS) Blackboard Learning Objectives: After the course the student should be able to:
1. Recognize economic transactions affecting liabilities and stockholders’ equity that must be recorded and reported in the financial statements.
2. Analyze, record and report economic transactions affecting liabilities and stockholders’ equity in the financial statements.
3. Read and understand financial accounting literature.
Operating Procedures:
You have to read the chapter by the first day it is assigned (see the schedule below). Additionally,
you have to submit a maximum three page summary, handwritten, for each chapter. The summary
is due at the beginning of the class each chapter is assigned. You are going to be able to use your
summaries in the exam. Exams include all the material covered in the assigned chapters.
Homework assignments are due before the class in which they are scheduled. Homework will not be
accepted after it is due. You are going to be provided with a set of financial statements at the
beginning of the semester. Part of your homework is to submit a one page summary from the
content of the financial statements that is related to the topic covered in the chapter assigned. For
instance, for homework chapter 14, long-term debt, your summary should be about the bonds or
any other long term debt in the financial statements provided. The summary should include the
amounts of long-term liabilities in the balance sheet, the income statement, the statement of cash
flow and the statement of variations in stockholders. Additionally, it has to include any relevant
information mentioned in the notes of the financial statements.
For participation each student could be call to solve a problem on the blackboard or to answer a
question related to the chapter during the class. The grade for participation is not based on whether
the answer is right or wrong but on the fact that the student shows that she or he has read the
chapter.
Two exams are scheduled during the summer. No make-up exams are given. If you have a problem
presenting the exam, please contact me in advance.
Chapter quizzes will be given. There is no make-up for missing quizzes.
Class attendance is expected. You will not be dropped from class because of numerous absences. It
is the student’s responsibility to withdraw from the class on a timely basis.
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.
The use of electronic devices is allowed as long as they are used for the purpose of the class. Phone
calls, texting etc. is not considering essential for the class purposes.
Americans with disabilities act compliance
“If you have a disability for which you may require academic accommodations for this class, please
register with the Office of Disability Resources (ODR) as soon as possible. Students who have or who
receive an accommodation letter from ODR are encouraged to meet privately with me to discuss the
provisions of those accommodations as early in the semester as possible. To qualify for
accommodation assistance, students must first register to use the disability resources in ODR, Orr
Center Rm. 095, 812/464-1961 http://www.usi.edu/disabilities. To help ensure that
accommodations will be available when needed, students are encouraged to meet with course
faculty at least 7 days prior to the actual need for the accommodation.”
Grading Policy:
Assignments
Assignment Points
Two exams 300 points each 600
Quizzes 200
Homework 100
Summaries 50
Participation 50
Total Points 1,000
Grading Guidelines:
Points Earned Grade
943-1000 A
886-942 B +
829-885 B
772-828 C+
715-771 C
657-714 D+
600-656 D
599 or less F
Class Schedule
This is a tentative schedule and is subject to change as necessary.
Date Chapter Summary Homework August 26 Introduction
28 Introduction
September 2 Ch. 14 Long-Term Liabilities Ch. 14
4 Ch. 14 Long-Term Liabilities
9 Ch. 15 Stockholders’ Equity Ch. 15 HW Ch. 14
11 Ch. 15 Stockholders’ Equity
16 Ch. 16 Dilutive Securities and EPS Ch.16 HW Ch. 15
18 Ch. 16 Dilutive Securities and EPS
23 Ch. 16 Dilutive Securities and EPS
25 Ch. 17 Investments Ch. 17 HW Ch. 16
30 Assessment day (No classes)
October 2 Ch. 17 Investments
7 Ch. 17 Investments
9 Exam I HW Ch. 17
14 Full Break (No classes)
16 Ch. 18 Revenue Recognition Ch. 18
Date Chapter Summary Homework 21 Ch. 18 Revenue Recognition
23 Ch. 18 Revenue Recognition
28 Ch. 19 Accounting for Income Taxes Ch. 19 HW Ch. 18
30 Ch. 19 Accounting for Income Taxes
November 4 Ch. 19 Accounting for Income Taxes
6 Ch. 20 Accounting for Pensions Ch. 20 HW Ch. 19
11 Ch. 20 Accounting for Pensions
13 Ch. 20 Accounting for Pensions
18 Ch. 21 Accounting for Leases Ch. 21 HW Ch. 20
20 Ch. 21 Accounting for Leases
25 Ch. 21 Accounting for Leases
27 Thanksgiving (No classes)
December 2 Ch. 23 Statement of Cash Flow Ch.23 HW Ch21
4 Ch. 23 Statement of Cash Flow
9 Ch. 23 Statement of Cash Flow
Dec 16 Final Exam 1:30-2:30 pm. HW Ch. 23