Course Number: ACC 301X

Instructor: Mr. Kenneth Taylor, CPA

Office: Room # 518

Office Phone: (219) 473-4294

Office Hours: Wednesday 6:00pm – 7:00pm and 10:00pm – 10:30pm

Thursday 6:00pm – 7:00pm and 10:00pm – 10:30pm

Other hours by appointment

Course Time: Wednesday, 7:00-10:00pm

As a continuation of Intermediate Accounting I, additional asset categories and equity accounts are discussed in depth. The statement of financial position is explained.

Prerequisites: ACC 300

Textbooks: Intermediate Accounting, tenth edition, Kieso & Weygandt

Handout Materials

If an instructor or other Calumet College of St. Joseph personnel find that a student has plagiarized or been involved in another form of academic dishonesty, the instructor or other personnel may elect to bring the matter up for judicial review. The maximum penalty for any form of academic dishonesty is dismissal from the College. The procedures for judicial review are listed under the section of CCSJ handbook that addresses student grievances.

Calumet College of St. Joseph adheres to citation guidelines as prescribed by the particular discipline (i.e., MLA, APA, Chicago Manual of Style or Turabian.). All of these guidelines are available in the Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of sources, including electronic media.

After the last day for class changes has passed (see College calendar), students may withdraw from a course in which they are registered with permission from the faculty member conducting the course. A written request detailing the reason(s) for the withdrawal must be filed with the Registrar. Written request for withdrawal must be received by the Registrar by the last day of classes prior to the final examination dates specified in the catalogue. Written requests may be mailed to the Registrar or faxed to the College fax number 219-473-4259. Students are to make note of the refund schedule when withdrawing from courses. The request is forwarded to the faculty member, who makes the final determination to accept or deny the request. If the request is honored, the student will receive notification of official withdrawal; if denied, the notification will indicate why the withdrawal is disallowed. Note: Degree Completion Division (DCD) students should consult the DCD Student Handbook for information on DCD withdrawals.

An official withdrawal is recorded as a "W" grade on the student's transcript. Dropping a

course without written permission automatically incurs an "F" grade for the course (see

Refund Schedule).

Students who would like to improve their academic performance in this, or any other, course are urged to take advantage of the free services of the Center for Academic Excellence (CAE). The Center has experienced and well-trained tutors in most subject areas to help students who are struggling in a course or who are doing well and would like to do better. Tutoring is conducted by appointment only. Call 473-4273 to arrange an appointment.

Attendance at all class sessions is important. Advance notice should be given of any anticipated absence. Your absence from six class sessions will reduce your grade one level.

All problems must be turned in at the end of the class period for which they are assigned. Late class assignments will not be accepted without approval prior to the due date. Excessive missed assignments could affect your grade.

Upon completion of this course the student will be able to:

1. Define current liabilities and describe how they are valued.
2. Identify the nature and types of current liabilities.
3. Identify various types of bond issues.
4. Apply the methods of bond discount and premium amortization.
5. Explain the key elements of stockholders equity.
6. Explain the accounting for treasury stock
7. Identify the various forms of dividend distribution.
8. Explain the accounting for small and large stock dividends.
9. Describe the accounting for the issuance, conversion, and retirement of convertible securities.
10. Compute earnings per share.
11. Identify the three categories of debt securities.
12. Identify the categories of equity securities.
13. Apply the revenue recognition principle.
14. Describe temporary differences that result in either future taxable amounts or future deductible amounts.
15. Explain the accounting for pension plans.
16. Describe capital and operating leases and the accounting treatment for both.
17. Identify the types of accounting changes and their accounting treatment
18. Describe and prepare the statement of cash flows.
19. Explain the use of notes in financial statement preparation.

Exams (3 exams) 75 % of grade

Class participation/collaboration/attendance/assignments 25 % of grade

A: 93 A-: 90 B+: 88 B: 83 B-: 80 C+: 78

C: 73 C-: 70 D+: 68 D: 63 D-: 60 F: Below 60

January 10 Introduction to course outline

January 17 Read Chapter 14 – Long-Term Liabilities

Homework Ch 14:

brief exercises 4 through 14

exercises 1,3,5,7,19,20

Homework Ch 15:

brief exercises 1 through 6

exercises 1,3,6,15

Homework Ch 16:

brief exercises 1 through 7

exercises 1,8,11,17