Last Updated 4/27/17

INTERMEDIATE ACCOUNTING II

ACCT 304

2017 Summer 3 – ONLINE July 17, 2017-August 11, 2017

Instructor: Jamie Seitz, ABD, CPA Office Hours: Mondays 8-9

Phone: 812-461-5421 via email; or anytime via https://zoom.us/j/7258456906

E-mail: jlseitz@usi.edu

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

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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) with no time limit. 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).

FINAL EXAM

The final exam will be administered during the final exam week via MAL. 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!)

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:

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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. 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 50% 90 - 100% A

80 - 89% B

70 - 79% C

HW/Blogs/etc. 50% 60 - 69% D

Total 100% Below 60% F

***I DO NOT ROUND GRADES! THERORE, IF YOU EARN A 79.99% YOU

WILL EARN A C AS YOUR FINAL GRADE.

The instructor reserves the right to issue assignments and quizzes throughout the

course without notice. This may result in an alteration of the total points possible for

the course.

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.

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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 rfstone@usi.edu 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 www.usi.edu/disabilities.

Title IX – Sexual Misconduct

USI does not tolerate acts of sexual misconduct, including sexual harassment and all

forms of sexual violence. If you have experienced sexual misconduct, or know someone

who has, the University can help. It is important to know that federal regulations and

University policy require faculty to promptly report incidences of potential sexual

misconduct known to them to the Title IX Coordinator to ensure that appropriate

measures are taken and resources are made available. The University will work with you

to protect your privacy by sharing information with only those who need to know to

ensure we can respond and assist. If you are seeking help and would like to speak to

someone confidentially, you can make an appointment with a counselor in the University

Counseling Center. Find more information about sexual violence, including campus and

community resources at www.usi.edu/stopsexualassault.

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.

SYLLABUS POLICY CHANGE

This syllabus may be subject to change with reasonable advanced notice.

TECHNICAL SUPPORT CONTACT INFORMATION

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USI Help Desk: Ph: (812) 465-1080 / email: it@usi.edu

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

Last Updated 4/27/17

Date CH Objective / Topic Assignment Due

7/17-7/19 Class Introduction – via MAL Discussion

board

Read Syllabus thoroughly

7/19 Discussion Post 1

Online Student Contract

7/17-7/21 13 Operating Liabilities and Contingencies HW (CH 13)

7/17-7/21 14 Financing Liabilities HW (CH 14)

7/17-7/21 18 Accounting for Leases HW (CH 18)

7/21 Module 1: Discussion

Post 2 (due before 9pm)

7/21 Module 1 EXAM (CH

13, 14, 18)

7/22-7/28 15 Meet with Professor via Zoom before 7/26

(See Bb for instructions)

Accounting for Stockholders’ Equity

HW (CH 15)

7/22-7/28 16 Investing Assets HW (CH 16)

7/22-7/28 17 Accounting for Income Taxes HW (CH 17)

7/22-7/28 19 Accounting for Employee Compensation

and Benefits

HW (CH 19)

7/28 Module 2: Discussion

Post 3 (due before 9pm)

7/28

*Last day to drop without evaluation: 8/2 Module 2 EXAM (CH

15, 16, 17, 19)

7/29-8/11 20 Meet with Professor via Zoom before 8/7

(See Bb for instructions)

Earnings per Share

HW (CH 20)

7/29-8/11 21 Accounting Changes and Error Analysis HW (CH 21)

7/29-8/11 22 The Statement of Cash Flows

HW (CH 22)

8/11 Module 3: Discussion

Post 4 (due before 9pm)

8/11 Module 3 EXAM (CH

20, 21, 22, &

Cumulative Final

Exam)