UNIVERSITY OF SOUTHERN INDIANA COLLEGE OF BUSINESS

ACCOUNTING DEPARTMENT Intermediate Accounting II

Acct 304.002 Fall 2014

Instructor: Francisco Villanueva Office: BE 2078 Phone: (812)228-5172 e-mail: fvillanuev@usi.edu Office Hours: Tuesday, Thursday 3:00-6:00 pm or by appointment Classroom: BEC 0005 CRN: 51801 Course Description Intermediate Accounting II continues with the study of the general accepted accounting principles that began in Intermediate I. The focus of this class is in valuation, measurement and presentation of economic transactions related to liabilities and stockholders’ equity. Course Material Intermediate Accounting Kieso, Weygandt and Warfield 15th Ed. Wiley (WileyPLUS) Blackboard Learning Objectives: After the course the student should be able to:

1. Recognize economic transactions affecting liabilities and stockholders’ equity that must be recorded and reported in the financial statements.

2. Analyze, record and report economic transactions affecting liabilities and stockholders’ equity in the financial statements.

3. Read and understand financial accounting literature.

Operating Procedures:

You have to read the chapter by the first day it is assigned (see the schedule below). Additionally,

you have to submit a maximum three page summary, handwritten, for each chapter. The summary

is due at the beginning of the class each chapter is assigned. You are going to be able to use your

summaries in the exam. Exams include all the material covered in the assigned chapters.

Homework assignments are due before the class in which they are scheduled. Homework will not be

accepted after it is due. You are going to be provided with a set of financial statements at the

beginning of the semester. Part of your homework is to submit a one page summary from the

content of the financial statements that is related to the topic covered in the chapter assigned. For

instance, for homework chapter 14, long-term debt, your summary should be about the bonds or

any other long term debt in the financial statements provided. The summary should include the

amounts of long-term liabilities in the balance sheet, the income statement, the statement of cash

flow and the statement of variations in stockholders. Additionally, it has to include any relevant

information mentioned in the notes of the financial statements.

For participation each student could be call to solve a problem on the blackboard or to answer a

question related to the chapter during the class. The grade for participation is not based on whether

the answer is right or wrong but on the fact that the student shows that she or he has read the

chapter.

Two exams are scheduled during the summer. No make-up exams are given. If you have a problem

presenting the exam, please contact me in advance.

Chapter quizzes will be given. There is no make-up for missing quizzes.

Class attendance is expected. You will not be dropped from class because of numerous absences. It

is the student’s responsibility to withdraw from the class on a timely basis.

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.

The use of electronic devices is allowed as long as they are used for the purpose of the class. Phone

calls, texting etc. is not considering essential for the class purposes.

Americans with disabilities act compliance

“If you have a disability for which you may require academic accommodations for this class, please

register with the Office of Disability Resources (ODR) as soon as possible. Students who have or who

receive an accommodation letter from ODR are encouraged to meet privately with me 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 ODR, Orr

Center Rm. 095, 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.”

Grading Policy:

Assignments

Assignment Points

Two exams 300 points each 600

Quizzes 200

Homework 100

Summaries 50

Participation 50

Total Points 1,000

Grading Guidelines:

Points Earned Grade

943-1000 A

886-942 B +

829-885 B

772-828 C+

715-771 C

657-714 D+

600-656 D

599 or less F

Class Schedule

This is a tentative schedule and is subject to change as necessary.

Date Chapter Summary Homework August 26 Introduction

28 Introduction

September 2 Ch. 14 Long-Term Liabilities Ch. 14

4 Ch. 14 Long-Term Liabilities

9 Ch. 15 Stockholders’ Equity Ch. 15 HW Ch. 14

11 Ch. 15 Stockholders’ Equity

16 Ch. 16 Dilutive Securities and EPS Ch.16 HW Ch. 15

18 Ch. 16 Dilutive Securities and EPS

23 Ch. 16 Dilutive Securities and EPS

25 Ch. 17 Investments Ch. 17 HW Ch. 16

30 Assessment day (No classes)

October 2 Ch. 17 Investments

7 Ch. 17 Investments

9 Exam I HW Ch. 17

14 Full Break (No classes)

16 Ch. 18 Revenue Recognition Ch. 18

Date Chapter Summary Homework 21 Ch. 18 Revenue Recognition

23 Ch. 18 Revenue Recognition

28 Ch. 19 Accounting for Income Taxes Ch. 19 HW Ch. 18

30 Ch. 19 Accounting for Income Taxes

November 4 Ch. 19 Accounting for Income Taxes

6 Ch. 20 Accounting for Pensions Ch. 20 HW Ch. 19

11 Ch. 20 Accounting for Pensions

13 Ch. 20 Accounting for Pensions

18 Ch. 21 Accounting for Leases Ch. 21 HW Ch. 20

20 Ch. 21 Accounting for Leases

25 Ch. 21 Accounting for Leases

27 Thanksgiving (No classes)

December 2 Ch. 23 Statement of Cash Flow Ch.23 HW Ch21

4 Ch. 23 Statement of Cash Flow

9 Ch. 23 Statement of Cash Flow

Dec 16 Final Exam 1:30-2:30 pm. HW Ch. 23