INTERMEDIATE ACCOUNTING I ACCT 303

Spring 2016 – HYBRID

Instructor: T. Brian Routh Office Hours (MWF): Phone: 812-228-5013 9:40-10am; 11am-12pm E-mail: tbrouth@usi.edu or appointment on campus Office: BE2087 or via MAL (online) Chat COURSE DESCRIPTION An intensive study and application of Generally Accepted Accounting Principles (GAAP) for asset valuation, income measurement, and financial statement presentation for business organizations, including the processes through which GAAP has evolved. The emphasis in this course is on the basic financial statements and related footnotes, the time value of money, the valuation and presentation of assets, current liabilities, and related income statement accounts, and other special accounting topics. Prerequisite(s): ACCT 201 and ACCT 202 LEARNING OBJECTIVES

1. Apply conceptual framework, economic reasoning, generally accepted accounting principles and spreadsheet software to solve accounting problems,

2. Understand, identify, measure, analyze and report on economic transactions in the financial statements,

3. Effectively produce, interpret and analyze written text and oral messages used in business,

4. Evaluate the effect of different treatments on a business entity’s financial results, 5. Describe the external forces that affect accounting standard setting including

government, professional groups, lobbyists and businesses, 6. Understand and explain the ethical issues involved in financial reporting

TEXT Intermediate Accounting by E. Gordon, J. Raedy, A. Sannella; Pearson Publishing © 2016; ISBN – 13: 9780134053714 FASB Codification Access for Students:Login: AAA51914Password: c63hKHRThe website to login is http://aaahq.org/ascLogin.cfm 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) completed on MAL are due by 11:59pm CST 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 may be a combination of short answer and/or 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 during the course as outlined in the Course Calendar on MAL – exams are password protected; the password will be given in class just prior to taking each exam. FINAL EXAM The final exam will be administered during the final exam week during the scheduled time for this course. The final exam will be comprehensive and may cover any/all material covered in class, readings for the course, case study information, guest speakers (if any), etc. CASE STUDIES During the semester you will be asked to complete cases. These cases will be real-life scenarios of materials that you have encountered throughout the semester. You will be allowed to work in teams on these case studies. If you choose to work in teams, peer evaluations of your team members will be required for each case study and may affect your individual final grade on the respective case study.

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 at www.TheAccountingDr.com as well as other potentially helpful materials (lectures from your previous accounting courses: Financial and Managerial, Cost Accounting, etc.). All Assignments in MAL are due by 11:59pm CST on the due date or the last date available unless otherwise stated. You should only email assignments if there is no specific Discussion Board in MAL 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/class discussion of text/case material, 2. Application of text material in solving assigned problems/case studies, 3. Collaborative group/team discussions for problem solving GRADES

Exams (3) 21% 90 - 100% A Final Exam (1) 10% 80 - 89% B Case Studies (5) 25% 70 - 79% C HW (11) 44% 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 register with Disability Resources (DR) as soon as possible. Students who have or who receive an accommodation letter from DR are encouraged to meet privately with course faculty 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 DR, Science Center Rm. 2206, 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.” 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: it@usi.edu • Pearson Support:

http://www.pearsonmylabandmastering.com/northamerica/mymathlab/students/support/

Due Date Ch. Objective / Topic Assignments

1/13 in-class

Class Introduction; MAL; Hybrid vs. Face-to-Face; Accounting Cycle, Inc. – Case Discussion

Read Syllabus thoroughly

1/20 4 Review of the Accounting Cycle Accounting Cycle, Inc. HW – DUE (submit online via MAL)

1/27 in-class

Darden Restaurants – Case Study Discussion (in-class); Introduction to Ch. 4, 1, 2

2/3 4 Review of the Accounting Cycle HW (ch. 4)

1

2

The Financial Reporting Environment Financial Reporting Theory

HW (ch. 1, 2)

2/10 (This review assessment can be worked on even after the due date but a penalty of 10% per day late will be assessed)

Accounting Cycle Assessment in MAL - DUE

Darden Restaurants – Case Study DUE (submit online via MAL discussion)

2/17 in-class

Room TBD; Introduction to Ch. 3, 5, 6

EXAM (ch. 1, 2, 4)

2/24 3 Judgment and Applied Financial Accounting Research

HW (ch. 3)

5 Statement of Net Income and Comprehensive Income (w/Appendix A & B)

HW (ch. 5)

3/2 Codification Research Case (video on how to use FASB Codification at www.TheAccountingDr.com)

DUE (submit online via MAL discussion)

6 Statements of Financial Position and Cash Flows and the Annual Report (w/Appendix A & B)

HW (ch. 6)

3/9 SPRING BREAK – NO CLASS

3/16 in-class

Excel Case (Statement of Cash Flows) – Case Study Discussion (in-class)

3/23 in-class

Room TBD; Introduction to Ch. 7, 8, 9

EXAM (ch. 3, 5, 6)

3/30 7 Accounting and the Time Value of Money (w/Appendix A – TVM Tables)

HW (ch. 7)

Excel Case (Statement of Cash Flows) – Case Study

DUE (submit online via MAL discussion)

4/6 8 Revenue Recognition HW (ch. 8)

9 Short-Term Operating Assets: Cash and Receivables (w/Appendix A)

HW (ch. 9)

4/13 in-class

Bank Reconciliation – Case Study Discussion (in-class)

4/20 in-class

Room TBD; Introduction to Ch. 10, 11, 12

EXAM (ch. 7, 8, 9)

4/26 10 Short-Term Operating Assets: Inventory HW (ch. 10)

11 Long-Term Operating Assets: Acquisition, Cost Allocation, and Derecognition (w/Appendix A & B)

HW (ch. 11 & 12)

12 Long-Term Operating Assets: Departures from Historical Cost (pp. 649-664, 676-683)

Bank Reconciliation – Case Study Due (submit online via MAL discussion)

FINAL EXAM – Cumulative Due on MAL prior to the last day of final exams

Due by 11:59pm, 5/4

Pearson's MyLab & MasteringStudent Registration Instructions

To register for ACCT303 - Spring 2016 (Hybrid):1. Go to www.pearsonmylabandmastering.com.2. Under Register, select Student.3. Confirm you have the information needed, then select OK! Register now.4. Enter your instructor’s course ID: routh25228, and Continue.5. Enter your existing Pearson account username and password to Sign In.

You have an account if you have used a Pearson product, for example: MyMathLab, MyITLab,MyPsychLab, MySpanishLab or Mastering, such as MasteringBiology.

If you don’t have an account, select Create and complete the required fields.6. Select an access option.

Use the access code that came with your textbook or that you purchased separately from thebookstore.Buy access using a credit card or PayPal account.If available, get 14 days temporary access. (The link is near the bottom of the screen.)

7. From the confirmation page, select Go To My Courses.8. On the My Courses page, select the course tile ACCT303 - Spring 2016 (Hybrid) to start your work.

To sign in later:1. Go to www.pearsonmylabandmastering.com.2. Select Sign In.3. Enter your Pearson account username and password, and Sign In.4. Select the course tile ACCT303 - Spring 2016 (Hybrid) to start your work.

To upgrade temporary access to full access:1. Go to www.pearsonmylabandmastering.com.2. Select Sign In.3. Enter your Pearson account username and password, and Sign In.4. Select Upgrade access from the course tile ACCT303 - Spring 2016 (Hybrid).5. Enter an access code or purchase access with a credit card or PayPal account.

For a registration overview, go to www.pearsonmylabandmastering.com/students/get-registered. Scroll downto Need a little help? and select a video.