ACCT 310
SECTION 101
INTERMEDIATE ACCOUNTING III
SPRING SEMESTER 2009
Instructor: Susan A. Lynn, DBA, CPA
Office:
Office
Hours: Tuesday 2:00
- 3:00 p. m., 4:15 - 5:15 p. m.; Thursday 2:00-3:00 pm
Phone: 410 - 837-5099 (Office)
410 - 837-5722 (Fax) (Please call and let me
know when you are faxing me materials.)
Email: slynn@ubalt.edu
Course
Web Site: http://home.ubalt.edu/ntsblynn/
Langsdale
Library Course Reserve Page: http://webreserves.ubalt.edu/eres/coursepage.aspx?cid=694 (password- Austen)
Text Website http://highered.mcgraw-hill.com/sites/0072994029/student_view0/index.html
COURSE OBJECTIVES:
A. To
review in detail the major issues related to the following topics in financial
accounting:
1. leases
2. income taxes
3. accounting changes and error correction
4. statement of cash flows
5. stock-based compensation
B. To
develop the student's analytical, written, and problem solving abilities in
accounting.
C. To develop the student’s understanding of the differences between US GAAP and IFRS.
D. To develop the student’s IT capabilities
related to accounting (e.g., spreadsheets, internet research, on-line
accounting databases)
PREREQUISITES:
ACCT 301 and 302 (Intermediate
Accounting I and II) prerequisites for ACCT 310. Students are expected to
take the responsibility for reviewing material from these courses on their own.
TEXTS: Spiceland, Sepe, and Tomassini, Intermediate
Accounting, Fourth Edition or Fourth Edition Update, McGraw- Hill, 2007.
A Student Study Guide and Working
Papers are available but are not required.
Gleim and Collins, Financial
Accounting: Exam Questions and Explanations,
12th
or 13th edition, Gleim Publications, 2005 or 2007
ACADEMIC INTEGRITY:
The
All
members of our community share responsibility for actively fostering academic
honesty, actively discouraging academic dishonesty, and engaging in ongoing
discussion of activities that may violate the spirit of honesty. Although the academic integrity policy places
primary emphasis on fostering honesty, it also provides clear consequences for
behavior that violates the policy, together with fair procedures for judging
alleged cases of dishonesty.
This course is conducted in
accordance with the Academic Integrity policy of the
that honesty is the foundation of
personal integrity
that honesty promotes substantive
learning
that honesty validates the
recognition of scholarly achievement
that honesty demonstrates respect
for the work of others, enabling effective cooperation
STUDY TIME REQUIREMENTS:
ACCT 310 requires a significant and
regular time commitment from the student. You should plan to spend a MINIMUM
of 10-12 hours per non-exam week in studying for the course.
I believe teaching is a passive
process while learning is an active process.
I believe that my function is to help you learn not to
"teach" you. I will make a
substantial and sincere effort to help you be successful in the class. I expect you to make that same type of effort
to help yourself.
In order to be successful in the
class, I suggest you use the following approach:
1. There is no substitute for
reading the chapters in your text thoroughly. (I suggest a minimum of three
times over the course of your study of each topic).
2. There is also no substitute for
working all the questions, cases, exercises, and problems assigned before
the class in which they are discussed. ACCT 310 is a problems course. My experience convinces me that working the
written assignments on your own is essential to understanding the logic
and theory that underlies them. It is
also essential for retaining the material and developing the ability to apply
the theory and procedures studied to new situations. Merely reviewing solutions after they have
been presented in class does not present a sufficiently intense learning
experience to promote learning.
3. A helpful tool for reviewing the
course material as well as for preparing for the multiple choice questions on
the exam is Gleim and Collins, Exam Questions and Explanations and the
multiple choice questions in your textbook (solutions are posted on the course
website)
4. Tutoring for this course is
available from the
ORGANIZATION OF COURSE:
Classroom activities in the course
will vary depending on the material covered and may consist of interactive
lectures, problem solving activities, and small group activities. Before
we discuss a chapter in class, I expect you to have read and studied the
reading assignments in the chapter. I also expect you to work assigned
case, exercise, and problem material before we review the material in
class. I have found that students are
not likely to be successful in Intermediate Accounting if they only
review solutions as they are discussed in class.
The reading and written assignments
are listed in the class calendar. I will review some written assignments
as part of my lecture on each chapter.
Some written assignments will be collected and graded as homework. In addition, because ACCT 310 is a problem
oriented course, I will provide you with solutions to additional problem
material which you can review on your own and which we can discuss in class if
you have additional questions about the material. I expect you to work through
"basic" material on your own so that we can spend class time on more
complex materials.
The class calendar is subject to
revisions; these will be announced in class. Students are responsible for
being familiar with these revisions whether or not they have been absent from
class. Although I will not take attendance, I encourage you to attend class
regularly in order to be successful in the course.
SMALL GROUP ACTIVITIES
In order to develop students’
problem solving skills, we will be working in small groups during the semester.
Students are responsible for the learning that goes on in these groups.
Students will be assigned to groups at the second class meeting. During group
activities, we will be using a form of Problem-Based Learning (PBL). During PBL you will encounter an accounting
problem first in the learning process and will then proceed to seek the
accounting concepts needed to solve the problem. In each phase of a PBL
problem, you will need to ascertain what you know that will help you decipher
the problem, and what additional information you need to resolve the issue.
These are the keys to succeeding in the problem solving process. PBL more closely approximates the kinds of
problems and the approaches to finding financial accounting solutions that you
will face in your professional career.
In order for group activities to be effective,
all members of a group must be present and arrive for class on time. In my experience students who have missed
class or arrive late have experienced difficulty keeping up with the material.
However, I recognize that absences and lateness may occur For this reason, if more than ten in-class
group exercises are collected, a maximum of two of your lowest grades will be dropped.
Some small group activities will be
completed outside of class and on WebTyco.
LEARNING OBJECTIVES:
Students will be given detailed
learning objectives for each topic studied in the course. These are listed on the outlines provided for
each chapter. Learning objectives includes behavioral verbs in the following
skill categories:
•
Knowledge
(ability to recall previously learned material)
•
Comprehension
(ability to grasp meaning, explain, restate ideas)
•
Application
(ability to use learned material in new situations)
•
Analysis
(ability to separate material into component parts and show relationships
between parts)
EXAMS:
Examinations will consist of
problems, short essays, and multiple choice questions. The material
covered on the examinations will be
announced in class. The final exam is
comprehensive. The dates of the examinations are listed in the schedule of
assignments. The final examination will
be held on the date listed in the schedule of classes.
No make-up exams will be given. You
must contact me prior to an exam which is missed or a grade of zero will
be given. Absences from exams because of illness require a doctor's
written excuse. All other absences must be approved by me and will
require appropriate documentation. Absences from the final examination will not
be excused except for illness on the day of the examination. It is the
responsibility of the student to notify the instructor and provide requested
documentation. If you miss an exam (with an approved excuse), the
comprehensive final will count as your score for both exams.
HOMEWORK:
I will collect homework at the beginning
of each class meeting announced as a homework collection date. Homework cases,
exercises, and problems are to be completed in neat, legible fashion on
8 ˝ x 11 sheets, analysis tablets or working papers. Students are responsible for meeting
homework collection dates whether or not they have been absent from class. NO
late homework will be accepted. Xerox
all homework problems that will be collected.
If a student must miss a class, he or she may turn in all problems
assigned for the day prior to the class meeting.
READING VERIFICATION FORMS:
I will collect reading verification
forms (to help ensure that you are reading the text before we discuss it in
class) at the beginning of the class for which they are due. Students are responsible for completing these
forms whether or not they have been absent from class. NO late forms will be
accepted. If a student must miss a
class, he or she may turn in the reading verification form for the day prior
to the class meeting.
COURSE GRADE:
The student's course grade will be
determined as follows:
|
Exams (2 @ 100
points) |
200 points (40%) |
|
Final Exam |
160 points (32%) |
|
* Homework |
20 points (4%) |
|
* Reading
Verification Forms |
20 points (4%) |
|
Group
Activities |
40 points (8%) |
|
** Writing, IFRS
Research, and Computer Projects |
60 points (12%) |
|
Total |
500 points |
If more than five reading
verification forms are collected, your lowest reading verification score will
be dropped. If more than seven homework assignments are collected, a maximum of
your two lowest homework assignment scores will be dropped. If more than ten
in-class group exercises are collected, a maximum of two of your lowest grades
will be dropped. Out of class group activities and web group activities are required;
none of these will be dropped.
** The requirements for the writing,
IFRS research, and computer projects are detailed in separate handouts. All projects must be submitted in order to
receive a passing grade for the course.
10% of the total points for the project will be deducted from your grade
for each day a project is late.
The computer project requires you to
have basic knowledge of a spreadsheet package such as Excel or Quattro Pro. You
are required to familiarize yourself with the basic features of a spreadsheet
package if you have not already done so. Learn how to reference cells in the
spreadsheet, how to write simple equations using data contained in the cells,
how to copy an equation in one cell to a series of other cells, how to save the
spreadsheet to your data diskette, and how to print the spreadsheet. You will
not need to use the database features of the software, graphing capabilities,
or macros.
Letter grades for the course will be
assigned based on the total number of points earned by the student using a
scale which will be determined at the end of the course. I do not
generally "curve" grades.
However, there are several ways in which you can "earn a
curve" for the course. Each exam
will have more points than those listed above. In addition, after computing all
grades, I will take a final look to determine the fairness of the grades. A
strong score on the comprehensive final exam is the best evidence you can give
me that you deserve a higher grade.
During the course, students may
judge their performance using the following scale:
|
Letter Grade |
Required Points |
|
A |
450 |
|
A- |
434 |
|
B+ |
417 |
|
B |
400 |
|
B- |
384 |
|
C+ |
367 |
|
C |
350 |
|
C- |
334 |
|
D+ |
317 |
|
D |
300 |
|
D- |
283 |
|
F |
below 283 |
|
|
|
SCHEDULE
OF ASSIGNMENTS
Note: The specific assignments (homework, reading
verification forms, etc. ) due each week will be announced in class and posted
on WebTyco.)
Note: Class sessions after the dates exams are scheduled are reserved as alternate exam dates in case of exam postponements because of weather, etc.
|
Week Of |
Chapter |
Topic |
Multiple Choice Modules in Gleim |
Assignment in Spiceland |
|
1/27 |
15 |
Introduction Diagnostic Testing Leases (omit pp.
796-797) Use 5th ed. chapter on Langsdale course website |
14.1 thru 14.4 |
E 2,3,4,5,6,15,16,23,25 P8,9,11 |
|
2/3 |
15 (cont.) |
|
|
|
|
2/10 |
15 (cont.) 21 |
Statement of Cash
Flows Use the T account, not the spreadsheet approach |
19.1 thru 19.3 |
E1,13,14,21,22,23 24,25,26, P1,2,18,19,20 |
|
2/17 |
21 (cont.) |
|
|
|
|
2/24 |
|
EXAM I |
|
|
|
3/3 |
20- Part B |
Correction of Accounting Errors |
18.4 |
BE 8, 9 E18,19,20,22, 23,24, P10,15 Handout |
|
3/10 |
20- Part B (cont.) |
COMPUTER PROJECT
DUE |
|
|
|
3/17 |
|
SPRING BREAK |
|
|
|
3/24 |
16 |
Accounting for Income Taxes |
17.1 -17.2 |
E4,5,6,9,10, 11,12,13,14, 20,23,24,26, 27, P1,5,6 Handout |
|
3/30 (Mon.) |
|
Last Day to Drop
with a “W” |
|
|
|
3/31 |
16 (cont.) |
|
|
|
|
4/7 |
|
No Class |
|
IFRS Web Assignment |
|
4/14 |
|
EXAM II |
|
|
|
4/21 |
|
Note: Assignments for the remainder of the semester will
be completed on the web. IFRS WEB ASSIGNMENT DUE |
|
|
|
4/28 |
20 – Part A |
Accounting Changes |
18.1- 18.3 |
E1,2,3,4,7,8,9, 10,16,17,25 |
|
5/5 |
19- Part A |
Share-Based
Compensation |
16.3 |
E2,4,6,7,8,9 |
|
5/12 |
|
FINAL EXAM 5:30-8:30 p.m. |
|
|