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Course Syllabus ACCT 3120 Intermediate Accounting 2

Fall Semester, 2017

3.0 Credit Hours

(Last updated: 06/13/2017)

Instructor: Dr. James M. Lukawitz, Ph.D.

Phone1: 901.678-3030 E-mail: jlukawtz@memphis.edu Office: FCB #226 Office Hours: Tuesdays and Thursdays 4:00 to 5:30pm (central time) and by appointment.

Course Overview: [REQUIRED]

Intermediate Accounting II is an in-depth study in specific subjects in accounting. Subject matters

covered will be; inventories; property, plant and equipment; investments; current liabilities and

contingencies, and long-term liabilities. Intermediate accounting is the only course in which you have an

in-depth treatment of subjects which are tested heavily on the CPA exam. A thorough knowledge of

Intermediate Accounting II is critical to having a good understanding of financial accounting.

Pre-Requisites/Co-Requisites:

ACCT 3110 with a grade of “C” or better

Required Texts (and Related Materials): [REQUIRED]

Spiceland, Sepe, Nelson, and Thomas, “Intermediate Accounting 8th

Edition. Published by

McGraw-Hill. Connect to accompany the text.

Most assignments are to be completed online within Connect, a web-based assignment and

assessment platform. With Connect Accounting, I will deliver assignments online. You will be

given opportunities to practice important skills at your own pace and on your own schedule.

With Connect Accounting Plus, you also get 24/7 access to an eBook an online edition of the

text.

Connect comes free with all new copies of the textbook purchased through the Unversity

bookstore and many other sources. An access code is included that you will need to register with

Connect. The “Plus” means it also contains and electronic version of the textbook. If you buy

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used text or a new text from certain other sources it may not include Connect and you will need

to purchase an access code from the bookstore or from the publisher’s website. Use the code to

register at the site found in Ecourseware.

If you need help with Connect here are 3 sources:

a) Call them at (800)331-5094

b) Contact them online at: www.mhhe.com/support

c) Use the student video tutorials for help embedded within Connect

Recommended Texts (and Related Materials):

It is recommended (but not required) that students keep up with current business events through the Wall Street Journal.

Location of Course Materials:

This is a live course. If you miss a class, all course materials (lectures, discussion topics, news, etc.) are

located on the eCourseware website. The internet class homepage is located in eCourseware at

http://elearn.memphis.edu . This page contains all the instructions for this class. To log on, you need

your University of Memphis UUID and password. If you have trouble logging on, first try

http://iam.memphis.edu to see if you can fix the problem. If not call 901-678-8888 or go to Computer

Services on the first floor of the Administrative building.

Once logged on and at the Course Homepage, go to Course Content. To successfully complete each

chapter’s assignments:

READ THE CHAPTER: While reading, take notes of the important items covered. Pay particular

attention to the learning objectives listed at the beginning of the chapter. Rework examples in the

chapter to make sure you understand the concepts covered. Expect to spend at least 3 hours per

chapter reading.

ANSWER THE QUIZZES: Quizzes are attached to the 7 chapters in Connect. Be sure to pay

attention to the schedule because the quiz questions will open and close at the approximate times the

chapters are covered. You will have two opportunities to take each quiz and the highest score is

recorded. The quizzes have stated start and end dates and will not be available after the end date. All

quizzes are due by 11:59 pm (Central time) on the due date. You should be able to find the answers to

all quiz questions in the text, but you may use any legitimate source in doing so. However, do not

collaborate with any other person. Do your own work!

WATCH AND DOWNLOAD THE POWERPOINT TUTORIALS: from the course Content. The slides

should be reviewed and added to your notebook. Your notebook should contain the printed slides,

notes and problem solutions by chapter. The notebook will assist you with reviewing and preparing for

the exams including the comprehensive final.

To download, simply click on the file name and select ‘open’ or ‘save’. You can save to a

jump drive or your computer.

To print the file:

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1) Open the file in Powerpoint DO NOT CLICK ON THE PRINT ICON ON THE TASK BAR.

2) From the menu bar at the top of the screen click on ‘file’.

3) On the drop-down menu select ‘print’

4) Next to print what: select handout and either 3 or 6 per page

5) Click ‘ok’ to print.

SOLVE ASSIGNMENTS IN CONNECT: Open the Connect website, log in, and select the current

chapter. Go first to the PRACTICE SET for the chapter. Work a minimum of 5 problems. You should

print the problem and solve it on paper. You can input the answers on Connect and ‘check your

work’ to see how you are doing. If you are having difficulty solving the problem, submit it. This will

allow you to see the answer and work the problem out correctly.

Once you have worked the practice problems, open the required problems in Connect and solve

them. You may work the problems as many times as you like up to the close date. The highest

grade will be used. The problems selected are algorithmic (each time they are worked there will be

different numbers). Expect to spend two to three hours working each chapter’s assignments.

SOLVE THE PROJECT FOR THE CHAPTER: The projects can be found in Ecourseware. They need to

be done in Excel and uploaded to the appropriate dropbox.

INTERACT IN THE DISCUSSION AREA: eCourseware contains a DISCUSSION AREA UNDER

COMMUNICATION. You should become familiar with this and use it when needed. The discussion

area is a means of contacting other students in the class and is an appropriate place to discuss

homework problems, ask non-personal questions etc. I will be monitoring the discussion page daily

and will intervene with comments and corrections as necessary. I encourage you to help your

classmates if you know the answer to their question. It is not appropriate to share entire solutions

here.

Course Objectives: [REQUIRED]

After completing this course you should:

1. Define and account for the different types of current liabilities

2. Account for notes and bonds issued at face value, at a discount or at a premium, and

recording interest expense and payable using both the straight-line method and the

effective interest method.

3. Demonstrate how to identify securities; held to maturity, available for sale, and trading

securities. corporations

4. Understand the fair value option for securities

5. Demonstrate how to account for investments accounted for under the equity method.

6. Demonstrate how to account for long-term assets (property, plant, equipment, intangibles,

and natural resources) from acquisition through usage and disposal.

7. Demonstrate how to account for inventory from acquisition through change in value and

subsequent sale.

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Fogelman College: Learning Outcomes for Your Degree [REQUIRED]

This course is designed to help you to meet the overall learning objectives for the BBA- Accounting degree offered by the Fogelman College. You should take the time to become familiar with the overall learning objectives as a student in the BBA- Accounting degree program.

BBA Program Outcomes (opens in new window)

BBA in Accounting Program Outcomes (opens in new window)

Course Methodology

This is an live course and thus the learning will be through lectures and elearn presentations. This has the benefit of accommodating each student’s unique schedule and learning style.

Professor’s Expectations of Students:

In general, you should assist the instructor in creating a positive, supportive environment for learning by staying engaged in the course and actively participating in all discussions.

Student's Expectations of the Professor:

In my role as your instructor, there are certain things you can expect from me including: well-organized and engaging learning experience, response to emails within two (2) business days, and feedback on all work submitted within 7-10 calendar days.

Grading and Evaluation Criteria [REQUIRED]

Over the semester, you will have a variety of opportunities to earn points towards your final (overall) letter grade in this course. This section of the syllabus describes the assessed work you will be doing and how overall (final) letter grades will be computed.

Final Course Grades [REQUIRED]

Your grade this semester will be determined on the basis of the total points you earn

Exam 1 100 points

Exam 2 100 points

Exam 3 100 points

Comprehensive final 150 points

Learn Smart 70 points

Excel projects 35 points

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Quizzes 35 points

Required assignments (homework) 100 points

Introduction (bonus) 5 points

Total possible points 695 (690 used for calculations)

Points Letter Grade

621-695 A

552-620 B

483-551 C

414-482 D

Below 414 F

Exams

The periodic exams during the semester will test your knowledge and understanding of

the material in the chapters indicated. These exams will consist of multiple-choice

questions and problems. The multiple-choice part of the exam is timed, while the

problem part is not. Although you will have your study materials available to you,

because the multiple-choice part of the exam is timed to assume that you know the

material, you will be unsuccessful if you rely on your study materials. Prepare as if you

were in a classroom without the aid of those materials. You will not have time to look up

answers you do not know. The multiple-choice part of the exam is in Connect. Once you

open the exam the timer starts and cannot be stopped, so make sure you have an adequate

block of time to do this portion of the exam. The problems will be found in eCourseware

and will be submitted into the appropriate drop-box. I WILL NOT ACCEPT

SUBMISSION BY EMAIL OR ANY OTHER MEANS EXCEPT THE APPROPRIATE

DROP-BOX.

Final exam:

The final exam will cover all chapters and will be completely in Connect and will be timed. It

will consist of short answers and multiple-choice questions. The exam will be approximately

evenly divided between conceptual questions and numerical problems. The final can replace a

low or missed score on another exam on proportional basis. For example, if you got 120 out of

150 on the comprehensive final, I would automatically replace a low or missed exam with an

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80 [ 120/150 = 80%]. If the final proportionally is your lowest average, then I will use all 4

exams (3 chapter plus final) in determining your final grade.

Learn Smart:

You are required to work the Learn Smart assignment for each chapter. Learn Smart

selects questions based on how familiar you are with the material. If you have not read the

chapter, you will spend a lot more time on Learn Smart and may even be stopped by the

program and told to review the chapter! To spend a reasonable amount of time on Learn

Smart, you should not try to work it without reading the chapter! The Learn Smart

assignments are worth 10 points each.

HOMEWORK:

I will assign the highest grade you attain on each assignment.

Projects:

Projects consist of Excel spreadsheet problems that are to be downloaded from Course

Content. The projects should be uploaded to the drop-box by the due date. Projects will not be

graded until after the drop-box closes. All projects are due 11:59 pm (central time) on the due

date. NEITHER LATE ASSIGNMENTS NOR EMAIL SUBMISSIONS WILL BE

ACCEPTED FOR GRADING.

Quizzes:

There is a quiz attached to each of the seven chapters in Connect. Each set of questions

is worth 5 points (for a total of 35 points). Be sure to pay attention to the schedule because the

quiz questions will open and close at the approximate times the chapters are covered. You

will have two opportunities to take each quiz and the highest score is recorded.

List of Formal Assessed Activities

For a complete description of the assessed activities for the semester, please refer to the “Agenda” page that can be found in the online course area under “Getting Started”.

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Schedule of Activities

For a complete semester schedule of readings, activities, and due dates for assignments, please refer to the “Agenda” that can be found in the online course area under “Getting Started”.

Final Exam Schedule [REQUIRED]

While the final exam is on-line it will be due at the time of our scheduled final which is

Thursday December 14th

at 7:30pm (central time). It will open several days before this due date.

Course Policies [REQUIRED]

E-MAIL:

All students are required to maintain and access their University of Memphis (@memphis.edu) email account. You will receive all official course correspondence at this email account. Any inability to receive incoming mail in a timely fashion (e.g., not regularly checking your email, having a “full mailbox” condition, etc.) is the student’s responsibility.

Attendance: [REQUIRED]

I do not take attendance, but you are responsible for all material covered in the class.

Adding / Dropping:

If you have questions about adding or dropping classes, please refer to this page on the Registrar’s website (opens in new window).

Academic Integrity: [REQUIRED]

The University of Memphis has clear codes regarding cheating and classroom misconduct. If interested, you may refer to the Student Handbook section on academic misconduct for a discussion of these codes. Note that using a “Solutions Manual” is considered cheating. Should your professor have evidence that using a “Solutions Manual” has occurred, he/she may take steps as described on the campus’ Office of Student Conduct website (opens in new window). If you have any questions about academic integrity or plagiarism, you are strongly encouraged to review the Fogelman College's Website on Academic Integrity (opens in new window).

Participation:

To be successful in this course as a student, you must stay active and involved throughout the entire semester. Students are expected participate in all interactive aspects of the course. You should also regularly communicate with the instructor as part of your overall learning experience, check into the course frequently for announcements (usually on the course home page), and actively participate in threaded discussion events (both formal and informal). You should plan on logging into the course at least three times each week.

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Classroom or Online Behavior:

All participants in the course should be considerate of the other course participants and treat them (as well as their opinions) with respect. The class will operate under the assumption that any and all feedback offered is positive in nature and that the intentions of the person(s) providing feedback are strictly honorable. Insensitivity in this area will not be tolerated. If you have any questions about online communication, you should review the Fogelman College's Netiquette website (opens in new window).

Late Assignments:

Assignments and projects may be submitted anytime up to and including the date due. Please review all information in this syllabus and related “Course Activity Summary / Schedule” for all due dates for formally assessed work. LATE ASSIGNMENTS ARE NOT ACCEPTED.

Extra Credit:

There is no specific extra credit offered in this course.

Reporting Illness or Absence:

Due dates and deadlines have been established for each graded assignment. In this course, deadlines are taken very seriously. Please do not wait until the last day to submit assignments or to take quizzes and exams. If an emergency should arise, it is the student’s responsibility to contact the instructor prior to the deadline to discuss the matter. A deadline extension will be considered only if all of the following conditions are met: (1) Extreme emergency and (2) Instructor contacted prior to the due date.

Inclement Weather:

In the event that inclement weather requires the cancellation of classes at The University of Memphis, local radio and television media will be immediately notified. Additionally, The University of Memphis has established an Inclement Weather Hotline at 678-0888 as well as TigerText (opens in new window), an emergency alert text messaging service to students, faculty and staff. This optional service is used in the event of an on-campus emergency, an unscheduled university closing, or a delay or cancellation of classes due to, for instance, inclement weather. Additional information on TigerText (opens in new window).

Syllabus Changes:

The instructor reserves the right to make changes as necessary to this syllabus. If changes are necessitated during the term of the course, the instructor will immediately notify students of such changes both by individual email communication and posting both notification and nature of change(s) on the course bulletin board.

Student Services

Please access the FCBE Student Services (opens in new window) page for information about:

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Students with Disabilities

Tutoring and other Academic Assistance

Advising Services for Fogelman Students

Technical Assistance