ACC251 Intermediate Accounting I

Course Syllabus - Fall Quarter 2009

 

  

 

Course Description:

Welcome to Intermediate Accounting I.   I trust your study of intermediate accounting in this online format will be a fulfilling and rewarding experience.  To succeed in this course, you should be computer literate, motivated, self-directed, and willing to work independently.  I will be available for discussion by email and will strive to respond promptly to your questions and concerns.  I am also available to meet with you personally at your convenience. 

 

This course is the first in a series of three intermediate financial accounting courses which provide a comprehensive study of financial accounting theory and financial accounting reporting.  The course will concentrate on the foundations of financial accounting and include an in-depth study of generally accepted accounting principles and concepts.  Emphasis will be on a deeper understanding of financial statements, earnings management, and the revenue/receivables/cash cycle. 

 

I will hold an orientation for this course on Tuesday, September 29, from 5:00-5:50PM in IB3417 on the third floor of the Instructional Building.  Although attendance at the orientation is voluntary, you will find it very helpful to attend. 

 

Instructor:

Patrick S. Bouker   Office IB2417A

Office Hours:         By appointment

Email:                        Use the Class Communications Link at the class web site.   If, for some reason, this is unavailable contact me
                                  at: 
pbouker@sccd.ctc.edu
Telephone:              206-528-4532                    FAX 206-527-3735

 

Instructional Materials:

Kieso, Weygandt, Warfield  Intermediate Accounting, 13e, Volume I ISBN 978-0-470-42368-4

Text Web Site                      www.wiley.com/college.kieso

Bouker Course Resources     http://northseattle.angellearning.com

Many student self-help instructional aids are available at the text website including chapter PowerPoint slide presentations, check figures, Excel templates, interactive quizzes, etc.

 

 

 Class Format:

This is an online course and includes individual and group assignments, quizzes, case studies, participation in a discussion room, business writing exercises, and a mid-term and final examination. 


Course Objectives: 

1.

To use quantitative reasoning processes to understand, analyze, and solve accounting problems 

2.

To identify and apply the concepts, conventions, and generally accepted accounting principles which underlie financial accounting and reporting

3.

To interact effectively with individuals and groups in an online environment

4.

To demonstrate competency in applying proper accounting concepts and rules to complex accounting issues.    

5.

To focus on enhancing the development of business communication skills

6.

To utilize a variety of research sources to solve accounting research problems

 

 

Class Schedule

Topics

Preparation and Assignments


September 29

Initial Orientation

IB3417 - 5:00 5:50PM

 

Week One

Due October 4

Ch. 1 Financial Accounting and Accounting Standards

Read Ch. 1
Post in the Discussion Room answers to two end of the chapter questions 
Register for the basic (free) FASB Codification access
CA1-9, CA1-10, CA1-11

Post in the Discussion Room your response to  ethical case study CA1-15
Writing Assignment CA1-7

Professional Research Problem, Page 29
Chapter 1 Quiz

Week Two

Due October 11

Ch. 2 Conceptual Framework Underlying Financial Accounting

 

Read Ch. 2
Post answers in the Discussion Room to any two end of the chapter questions
E2-1, E2-3, E2-5, E2-8
CA2-7, CA2-11
Professional Research Problem, Page 65

Post in the discussion room your response to the  P&G Financial Reporting Problem, Page 63
Chapter 2 Quiz

Week Three

Due October 18

Ch. 3 The Accounting Information System

 

Read Ch. 3 to Page 100
Post answers in Discussion Room to any two end of the chapter questions
E3-1, E3-5, E3-7,  E3-15

P3-4,

Professional Research Problem, Page 128
Post in the discussion room your response to the Kellogg Company problem, Page 127
Chapter 3 Quiz

Group Report Identify team members and submit answers to Group Project Items 1 and 2

Week Four

Due October 25

Ch. 3 (Continued)

Ch. 4 Income Statement and Related Information

 

Read Ch. 3 Pages 100-110

Read Ch. 4 to Page 139

Post answers in Discussion Room to any two end of the chapter questions
E3-20, E3-22, P3-19

E4-6

Post in the discussion room your response to the P&G financial reporting problem on Pg. 171-2
Group Report,  Item 3

Week Five

Due November 1

Ch. 4 Continued

Read Ch. 4 Pages 139-157
E4-12, E4-13
P4-3, P4-4, P4-6
CA4-4
Post in the discussion room your response to ethical case study CA4-5
Chapter 4 Quiz
Group Report, Items 4, 5, 6

November 3

Mid-Term Examination

Covers Chapters 1 through 4

Week Six

Due November 8

Ch. 5 Balance Sheet and Statement of Cash Flows

Read Ch. 5 to Page 197

Post answers in Discussion Room to any two end of the chapter questions
P5-2, P5-5
CA5-2
Group Report, Item 7

Week Seven
Due November 15

Ch. 5 Continued

Read Ch. 5 Page 197-239
P5-7

Writing Assignment CA5-6
Post in the discussion room your response to P&G financial problem on Page 257
Ch. 5 Quiz
Group Project, Items 8 and 9

Week Eight

Due November 22

 

 

Ch. 6 Accounting and the Time Value of Money

Read Ch. 6
Post answers in Discussion Room to any two end of the chapter questions
Complete all exercises, Pages 297-300
P6-10
Professional Research Problem, Page 306
Group Project, Items 10 and 11

Week Nine

Due November 29

Ch. 7 Cash and Receivables 

Read Ch. 7 to Page 347
Post answers in Discussion Room to any two end of the chapter  7 questions
FASB research exercise, Page 356
E7-1, E7-4, E7-5, E7-9, E7-10

P7-2, P7-5
Writing assignment CA7-10
Ch. 7 quiz
Group Project, Items 12 and 13

Week Ten

Due December  6

Ch. 7 Continued 
Ch. 8 Valuation of Inventories

Read Ch. 7 Page 347-356
Read Ch. 8
Post answers in Discussion Room to any two end of the chapter  8 questions
P7-12, P7-15
Submit final group project

Week Eleven

Due December 13

Ch. 8 Continued

E8-1, E8-9, E8-14, E8-21, E8-25
P8-6
Post answer in discussion room to ethical case study CA8-11

Ch. 8 quiz

December  15

Final Exam 5:30-7:30PM

Covers material in Ch. 5 - 8

Homework is due by 9PM on Sundays.  For example, Week One homework is due by 9PM on Sunday, October 4.   Homework assignments receive full credit so long as you have made a good faith effort to complete it.   However, writing exercises and the group project are all graded on content as well as grammar, syntax, and sentence structure.  Absent my specific advance approval, late homework receives no credit.   I encourage you to work together via the Discussion Room in completing all homework assignments.    

 

Circumstances may require me to make minor revisions to the above schedule.  In the event I make any changes, I will advise you by email.  

Credit and Grading: 

Assignments

150

Review Question Postings

20

Ethical Case Studies

30

Writing assignments

30

Quizzes

80

Corporate Research Project

90

Mid-Term Examination

150

Final Examination

150

Total Possible Points

 

700

 

  

The final grade will be converted to a decimal grade corresponding to the following: 

96 - 100

4.0

 

79

2.3

95

3.9

 

78

2.2

94

3.8

 

77

2.1

93

3.7

 

76

2.0

92

3.6

 

75

1.9

91

3.5

 

74

1.8

90

3.4

 

73

1.7

89

3.3

 

72

1.6

88

3.2

 

71

1.5

87

3.1

 

70

1.4

86

3.0

 

69

1.3

85

2.9

 

68

1.2

84

2.8

 

67

1.1

83

2.7

 

66

1.0

82

2.6

 

65

0.9

81

2.5

 

64

0.8

80

2.4

 

63

0.7

 

 

 

62 and below

0.0

 

Academic Collaboration and Integrity:

I encourage you to collaborate with fellow students in completing homework, quizzes, and spreadsheet exercises.  Use the discussion room to post your questions, collaborate on completing accounting assignments, and discuss potential problem and quiz solutions.

 

Although I encourage collaboration on assignments and quizzes, the mid-term and final examinations are to be completed by you alone.  Cheating and/or plagiarism on these examinations will not be tolerated on the examinations and could result in a failing grade for the course.

 

Additional Course Related Information

I will provide much additional information about the course in orientation emails and discussion room postings to students registered in the class.

 

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