SYLLABUS FOR
INTERMEDIATE ACCOUNTING I
Term: Fall,
2004-2005 (041) August
30 December 11, 2004
Course Number: ACC
300 X
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
Wednesday 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 7:00pm 10:00pm
This
course is an in-depth study of accounting concepts and principles. The
accounting process, the balance sheet, and income statement are discussed.
Certain asset categories are scrutinized.
ACC
210, 211
Learning Outcomes/Student
Competencies:
Upon
completion of this course the students will be able to:
1.
Identify
the major policy setting bodies and their role in the standard setting process.
2.
Identify
the qualitative characteristics of accounting information.
3.
Record
complex transactions in journals, post to general ledger, and prepare a trial
balance.
4.
Identify
uses and limitations of the income statement.
5.
Prepare
single and multiple step income statement.
6.
Identify
uses and limitations of the balance sheet.
7.
Prepare
classified balance sheet using the report and account formats.
8.
Prepare
a statement of cash flows.
9.
Identify
and solve present value and future value of money problems.
10.
Identify
and explain the accounting issues relating to recognition and valuation of
receivables.
11.
Identify
and explain the accounting issues relating to notes receivable.
12.
Distinguish
between periodic and perpetual inventory systems.
13.
Compare
LIFO and FIFO cost flow assumptions.
14.
Identify
and explain the accounting issues related to self-constructing, acquiring,
valuing and, disposing of property, plant and equipment.
15.
Explain
the concept of depreciation.
16.
Appropriately
apply various methods of depreciation.
17. Describe
the characteristics and accounting problems related to intangibles
Textbooks: Intermediate Accounting, eleventh edition, Kieso,
Weygandt & Warfield
Rockford Practice Set,
Handout Materials
Learning Strategies: Lecture, Class Discussion
Assessment:
Exams
(3 exams) 75 % of grade
Class
participation/collaboration/attendance/assignments 25 % 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 reduce grade one level.
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 subjects 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
Please Note:
Calumet College of St. Joseph subscribes to Turnitin.com and all papers can and
may be submitted for checks on plagiarism from the internet/electronic
sources/databases.
Citation Guidelines:
Calumet College of St. Joseph adheres to the
citation guidelines as prescribed by the particular discipline (i.e., MLA, APA,
and 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).
School Closing Information:
Facility: Calumet College of St. Joseph
Phone: (219) 473-4770
Internet: http://www.ccsj.edu
http://www.EmergencyClosings.com
Radio: WAKE 1500 AM
WGN 720 AM
WIJE 105.5 FM
WLS 890 AM
WZVN 107.1 FM
WBBM NEWS RADIO 78
Class Date Topic-Assignment
August 31 Introduction
to Course Outline.
Chapter
1 Financial Accounting and Accounting Standards
Chapter
2 Conceptual Framework Underlying Financial Accounting
Homework Ch 1 C1-12 and C1-13
Homework Ch 2 BE: 2-2,
2-3, 2-4, 2-5, 2-7
E: 2-4, 2-5
September 7 Read
Chapter 3 The Accounting Information System
Homework Ch 3 BE: 3-1 through 3-10
E: 3-1, 3-4, 3-5, 3-7, 3-10,
3-15,
3-17
September 14 Continue
Chapter 3 The Accounting Information System
Homework Ch 3 See September 9
September 21 Read
Chapter 4 Income Statement and Related Information
Homework
Ch 4 BE: 4-1 through 4-11
E: 4-1, 4-4,
4-5, 4-6, 4-10
Class Assignments
(continued)
September 28 Read
Chapter 5 Balance Sheet and Statement of Cash Flows
Homework
Ch 5 BE: 5-1 through 5-12
E: 5-2, 5-4,
5-9, 5-12
October 5 FIRST
EXAM Covers Chs 1 through 5
October 12 Read
Chapter 6 Accounting and the Time Value of Money
Homework
Ch 6 BE: all odd numbered
E: 6-3, 6-4, 6-6, 6-7, 6-15,
6-18
October 19 Read
Chapter 7 Cash and Receivables
Homework Ch 7 BE: all odd numbered
E: 7-1, 7-4,
7-7, 7-10,
7-12
October 26 Read
Chapter 8 Valuation of Inventories: A Cost Basis Approach
Homework
Ch 8 BE: 8-1 through 8-9
E: 8-1, 8-4,
8-5, 8-6, 8-15,
8-16, 8-18
November 2 Read
Chapter 9 Inventories: Additional Valuation Issues
Homework
Ch 9 BE: 9-1 through 9-11
E: 9-1, 9-3,
9-6, 9-12, 9-16
November 9 SECOND
EXAM Covers Chs 6 through 9
November 16 Read
Chapter 10 Acquisition and Disposition of Property, Plant and Equipment
Homework
Ch 10 BE: all even numbered
E: 10-1,
10-4, 10-6, 10-7,
10-11,
10-17, 10-23
November 23 Read Chapter 11 Depreciation, Impairments, and Depletion
Homework
Ch 11 BE: 11-1 through 11-11
E: 11-1, 11-4,
11-6, 11-12,
11-19
November 30 Read Chapter 12 Intangible Assets
Homework
Ch 12 BE: all odd numbered
E: 12-1, 12-6, 12-9, 12-10,
12-14
December 7 FINAL
EXAM Covers Chs 10 through 12