intermediate accounting i acct 303 summer .intermediate accounting i acct 303 ... accounting cycle


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    ACCT 303

    Summer 2016 ONLINE

    Instructor: T. Brian Routh E-mail:

    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


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

    2. 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 entitys financial results, 5. Describe the external forces that affect accounting standard setting including

    government, professional groups, lobbyists and businesses,

    6. Explain the ethical issues involved in financial reporting


    Textbook w/MyAccountingLab

    Intermediate Accounting by E. Gordon, J. Raedy, A. Sannella; Pearson Publishing

    2016; ISBN 13: 9780134053714


    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. You should get enrolled in the software as soon as possible to give

    yourself time to experience and navigate around in the software to learn where and how

    assignments are completed, etc. 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/Discussions) completed on MAL are due by 11:59pm CST on the due

    date. No late work is accepted! If you are in a different time zone, please make

    concessions for the difference in time.

  • Technical Requirements:

    A reliable computer: a dedicated computer with an updated operating system, such as Windows 7 or later, or Mac OSX.

    High-Speed Internet Connection: (e.g. DSL or Cable). All USI online students are required to have a stable high-speed Internet connection. A wired Internet

    connection is recommended for online meeting, exams, and assignment


    Supported Web Browser: Firefox or Safari

    Microsoft Office: Word & Excel

    Minimum technical skills: Students should have a proficiency with Microsoft Word and

    Excel for this course. More information on the system requirements for online courses at

    USI can be found at

    FASB Codification Access for Students: Login: AAA51914 Password: S3Bf4vJ The website to login is *This information changes periodically. If you are not able to log in, please let me know.

    Communication Guidelines

    Netiquette: All class communication and interactions with other students and the professor should follow common social standards for respect and courtesy. Learn

    about the Core Rules of Netiquette so that you can get the most out of the class.

    Communication Expectations: The best way to contact the professor in this course is via email. Emails are typically answered within a 24 hour period M-F.

    Feedback on assignments can typically be expected within 48 hours of submission

    (Case studies and discussion responses can take longer).


    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 Homework & Exams in



    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, online 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 different accounting situations. Exams will be given, on MAL, during the

    course as outlined in the Course Calendar. Please note: there are NO makeup exams!

    The exams have a time limit of 2 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. (These

    assignments are located under Homework & Exams in MAL).


    The final exam will be administered at the end of the summer session as outlined in the

    course calendar. You will be given 3 hours to complete the comprehensive exam. It must

    be completed PRIOR to 11:59pm on the last day final exams are available. 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!) Located under Homework &

    Exams in MAL


    A portion of your grade will be determined by your level of activity in periodic online

    discussions of topics as well as your responses to others postings and case studies. In

    addition, good behavior is expected in this course and lack of respect for each other

    and/or the professor may negatively affect your final grade (i.e. poorly worded or

    disrespectful email communication, discussion posts, etc.) Located under Participation in



    There are multiple online lectures and notes 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 (click on NOTES and VIDEOS) as well as other potentially

    helpful materials (lectures from your previous accounting courses: Financial and

    Managerial). You can also access this website directly from within MAL.

    All Assignments in MAL are due by 11:59pm on the due date or the last date available

    unless otherwise stated. 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 the course calendar at the end

    of the syllabus to stay abreast of when things are due! This is YOUR responsibility - NO



    1. Online video lectures and online discussion of text material/topics,

    2. Application of text material in solving assigned problems,

    3. Collaborative group discussions for problem solving and topic discussion

    GRADES *Assignments are equally weighted within each category

    Exams (3) 21% 90 - 100% A

    Final Exam (1) 11% 80 - 89% B

    Participation (6) 24% 70 - 79% C

    HW (11) 44% 60 - 69% D

    Total 100% Below 60% F


    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 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


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