intermediate accounting i acct 303 summer .intermediate accounting i acct 303 ... accounting cycle
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INTERMEDIATE ACCOUNTING I
Summer 2016 ONLINE
Instructor: T. Brian Routh E-mail: firstname.lastname@example.org
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
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.
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 http://USI.edu/distance/students/current/requirements.
FASB Codification Access for Students: Login: AAA51914 Password: S3Bf4vJ The website to login is http://aaahq.org/ascLogin.cfm *This information changes periodically. If you are not able to log in, please let me know.
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
ONLINE LECTURES & ASSIGNMENTS:
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
www.TheAccountingDr.com (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
LATE WORK IS ACCEPTED!
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