Calumet College of St. Joseph

SYLLABUS FOR INTERMEDIATE ACCOUNTING II

 

 

Term:  Spring, 2003  (02-2)  January 6 - April 19, 2003

Course Number:  ACC 301X          

Instructor:  Mr. Kenneth Taylor, CPA

Office:  Room # 518

Office Phone:  (219) 473-4294

E-mail:  kentcpa@surfnetinc.com

Home Phone:  (219) 865-1516 after 6pm

 

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

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

                          Other hours by appointment

 

Instructor Background:  Certified Public Accountant licensed in Indiana and Illinois. Partner in public accounting firm. BS in accounting from Purdue University Calumet.

 

Course Time:  Tuesday, 7:00-10:00pm

 

Course Description:

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

 

Learning Outcomes/Student Competencies:

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.

Textbooks:  Intermediate Accounting, tenth edition, Kieso & Weygandt

                     Rockford Corporation Practice Set, Handout Materials

 

Learning Strategies:  Lecture, Class Discussion

 

Assessment:

Exams (3 exams)                                                                                    75 % of grade

Class participation/collaboration/attendance/assignments                  15 % of grade

Practice Set                                                                                              10 % of grade          

 

Class Policy For Assignments:

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.

 

Grading Scale:

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

 

Class Policy on Attendance:

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.

 

Center for Academic Excellence:

Tutoring assistance is free to all students of Calumet College of St. Joseph. Call the Center for Academic Excellence (CAE), to make an appointment at 473-4287. 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. Regular weekly tutoring sessions are likely to improve your grade.

 

Statement of Plagiarism:

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.

 

Citation Guidelines:

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.

 

Withdrawal from Classes Policy:

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.

 

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).

 

Class Assignments:

 

Class Date                                                                  Topic-Assignment

 

January 7                                                          Introduction to course outline

Chapter 13 – Current Liabilities and                          Contingencies

Homework Ch 13:

     brief exercises 1 through 10

     exercises 1,2,3,8,11,20

                       

January 14                                                        Read Chapter 14 – Long-Term Liabilities

                                                                        Homework Ch 14:

                                                                             brief exercises 4 through 14

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

 

January 21                                                        Read Chapter 15 – Stockholders’ Equity: Contributed Capital

                                                                        Read Chapter 16 – Stockholders’ Equity:

                                                                        Retained Earnings  

                                                                        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

 

January 28                                                        Read Chapter 17 – Dilutive Securities and Earnings Per Share

                                                                        Homework Ch 17:

                                                                             brief exercises 5 through 15

                                                                             exercises 1,4,7,8,15,19

 

February 4                                                        FIRST EXAM – Covers Ch’s 13 through 17

 

February 11                                                      Read Chapter 18 – Investments

                                                                        Homework Ch 18:

                                                                             brief exercises 1 through 12

                                                                             exercises 1,2,6,13,17

 

 

 

 

February 18                                                      Read Chapter 19 – Revenue Recognition

                                                                        Homework Ch 19:

                                                                             brief exercises 1 through 12

                                                                             exercises 1,2,6,8,13,14

 

 

February 25                                                      Read Chapter 20 – Accounting For Income Taxes

                                                                        Homework Ch 20:

                                                                             brief exercises 4 through 14

                                                                             exercises 1,3,5,6,7,14

 

March 4                                                            Read Chapter 21 – Accounting For Pensions And Postretirement Benefits

                                                                        Homework Ch 21:

                                                                             brief exercises 1 through 10

                                                                             exercises 1,4,6,8,11,14

 

March 11                                                          SECOND EXAM – Covers Ch’s 18 through 21

 

March 18                                                          Read Chapter 22 – Accounting For Leases

                                                                        Homework Ch 22:

                                                                             brief exercises 1 through 10

                                                                             exercises 1,3,4,5,6,7

 

March 25                                                          Read Chapter 23 – Accounting Changes And Error Analysis

                                                                        Homework Ch 23:

                                                                             brief exercises 1 through 7

                                                                             exercises 1,2,7,8,10,12

 

April 1                                                              Read Chapter 24 – Statement Of Cash Flows

                                                                        Homework Ch 24:

                                                                             brief exercises 1 through 10

                                                                             exercises 1,3,5,10,11,15

 

April 8                                                              Read Chapter 25 – Full Disclosure in Financial Reporting

                                                                        Homework Ch 25:

                                                                             brief exercises 1 through 10

                                                                             exercises 1, 2

 

April 15                                                            FINAL EXAM – Covers Ch’s 22 through 25