Syllabus for Intermediate Accounting II

Spring Semester, 2005


  1. General Information

Course: ACC 3120, Section 005 (4 credit hours)

Tuesdays and Thursdays 2:30 – 4:30 p.m.

Room DBH 102

 

Instructor: Professor David H. Lindsay, Ph.D., CPA, CISA, CFE

Demergasso-Bava Hall, Room 244

X3296 (office) or 668-0195 (home).

E-mail: Dlindsay@csustan.edu

Website: http://lead.csustan.edu/accounting/lindsay/index.htm

 

Office Hours: M, T, W, H 10:30 a.m. - noon,

Other times by appointment.


 

 

II. Resources

A. Required Texts:

Intermediate Accounting, by Kieso, Weygandt and Warfield, 11th Edition,

2004, John Wiley & Sons.

 

B. Optional Text:

Study Guide for Kieso, Volume 2, Chapters 15 - 24.

 

C. Supplementary Readings:

Journal of Accountancy,

Management Accounting,

The Wall Street Journal.

 

D. Required Computational Equipment:

An inexpensive calculator (under $10) with +, -, x,

and / functions.


III. Course Description:

Accounting for bonds, other non-current liabilities, investments, stockholders’ equity, earnings per share, pensions, leases, deferred taxes, accounting changes, error correction, and statement of cash flows.

IV. Prerequisites:

ACC 3110 or consent of instructor


V. Course Objectives:

Relevant CBA Core Objectives:

1. Communicate clearly and effectively using written and electronic media.

2. Recognize ethical issues and develop a framework for appropriate resolution.

3. Understand how diverse perspectives relate to business decisions.

4. Appreciate the importance of life-long learning.

5. Think with sufficient depth and agility to make sound decisions based on logical analysis and substantive, integrative knowledge of the business disciplines.

Course Specific Objectives:

1. To provide students with an understanding of generally accepted accounting principles.

2. To provide detailed coverage of the content and presentation of financial statements.

3. To introduce recognition, measurement, and reporting problems related to non-current liabilities and stockholders’ equity.

4. To develop student computer proficiency in the areas of computerized accounting databases, e-mail, and the Internet.


VI. Units of Instruction:

Long-Term Liabilities

4 Hours

Contributed Capital

4 Hours

Retained Earnings

2 Hours 

Exam #1

2 Hours

Earnings per Share

5 Hours

Investments

5 Hours

Deferred Taxes

5 Hours

Exam #2

2 Hours

Pensions

5 Hours

Leases

5 Hours

Changes and Errors

4 Hours

Statement of Cash Flows

5 Hours

Disclosure

1 Hour

Financial Statement Analysis

1 Hour

Exam #3

2 Hours

Final Exam

2 Hours 

 

 

TOTAL

54 Hours

 

 

 

 

 

 


VII. Instructional Methods:

Instructional methods include lectures, homework problems, take-home quizzes, class discussions and a financial statement analysis project. The professor will regularly communicate with students through use of a list-serve. The URLs of sites containing materials that illustrate various accounting concepts and practices will be given to students.


VIII. Notes

A. Intermediate Accounting II is the most difficult course in the accounting curriculum. It is designed specifically for accounting majors. It is not unusual for a student to have to repeat this course.

If you do not have a great deal of time to spend on this course this semester, you should re-evaluate whether you want to take the course now. If you are uncertain whether you belong in this class, the professor would be happy to talk it over with you on a one to one basis.

It is assumed that you met with your academic advisor prior to signing up for this course. As an accounting major, it is extremely important that you meet with your advisor each semester. (S)he will review your past progress and help you plan your course selections. If you do not know who your advisor is you should check with the department secretary, Nancy Mardakis (X3671), in the Accounting Department office (DBH 216).

B. The student is expected to attend each and every class. Attendance will be taken. The student will earn one point for each lecture attended.

C. Both exercises and problems can be found at the end of most chapters. The professor will integrate many of the exercises into his lectures. The student should take good notes on these exercises, since the problems on the exams will be of a similar nature.

D. The assigned problems must be handed in to the professor. Due dates will be announced in class. The professor will not "grade" these assignments, but he will judge whether or not the student has put forth an "honest effort" to complete the assignment. The student will receive one point for each completed assignment. The assignments will be returned to the students and the professor will discuss the class' performance overall.

Time constraints will not permit routine in-class coverage of all of the assigned problems. Class coverage of the problems will be contingent upon professorial discretion and student questions.

E. Students are welcome to refer to the answer key. For security reasons, it may not leave the professor's office.

F. In keeping with the composition of the professional examinations (CPA, CMA, CIA), the three mid-term exams will consist of 60% multiple-choice questions and 40% short problems. The problems will be similar to the exercises worked out in class.

A make up exam will be given only in the case of a documented emergency. For logistical reasons, all make-up examinations will be given during finals week.

G. In total, there are three mid-term exams and one final exam. Each is worth 100 points. The final is comprehensive. "Difficulty points" may be assigned to any given exam, just as they are on the professional examinations.

H. A twenty-five-point mini-test will be given covering chapter 24.

I. Students will be given 20 take-home quizzes. Each is worth five points. Quizzes handed in late will receive half credit.

J. The financial statement analysis project is worth 50 points.

K. The grading scheme.

Point Source

Possible Points

Four Exams

400

Mini-Test

25

Twenty Take Home Quizzes

100

Attendance

27

Homework

23

Financial Statement Analysis Project

50

Class Participation

25

Total

650

As of fall 1995, CSU Stanislaus adopted the plus/minus grading system.

100%-93% = A, 92%-90% = A-, 89%-87% = B+, 86%-83% = B, 82%-80% = B-,

79%-77% = C+, 76%-73% = C, 72%-70% = C-, 69%-67% = D+, 66%-63% = D,

62%-60% = D-, 59 and below = F.

The base is 650 points. The points translate into grades as follows:

A = 604, A- = 585

B+ = 565, B = 539, B- = 520

C+ = 500, C = 474, C- = 455

D+ = 435, D = 409, D- = 390

F = BELOW 390

_________________________________________________________

IX. Assignments

 

Date                            Chapter           Topic                                       Problems

 

February 15                                         Organizational Session

 

17                                14                    Long-Term Liabilities                1, 5

 

22                                14                    Long-Term Liabilities                6, 10               

 

24                                15                    Stockholders’ Equity                3, 4

 

March 1                       15                    Dividend Policy                        5, 8, 12

 

3                                  16                    Dilutive Securities                     1

 

8                                  16                    Earnings per Share                    3, 4

 

10                                16                    Complex Capital Structure        9

 

15                                17                    Investments                              1, 6

 

17                                17                    Investments                              8, 11

 

22                                                        TBA

 

24                                                        MIDTERM #1

 

April 5                          19                    Deferred Income Taxes            5, 6

 

7                                  19                    Deferred Income Taxes            7, 9

 

12                                20                    Pensions                                   1, 4

 

14                                20                    Pensions                                   6, 9

 

19                                                        MIDTERM #2

 

21                                21                    Leases                                      1, 4

 

26                                21                    Leases                                      12, 14

 

28                                22                    Changes and Errors                 1, 4

 

May 3                          22                    Equity Method Changes          10,12

 

5                                  23                    Statement of Cash Flows          1, 6

 

10                                23                    Statement of Cash Flows          8, 9

 

12                                24                    Full Disclosure

 

17                                24                    Financial Statement Analysis                

 

19                                                        MIDTERM #3 

 

 

 

24                                                        FINAL EXAM

 

                                   

 

Note: The Final Exam will be administered on May 24 from  2:00 to 4:00 p.m.

Note: March 11 is the last day to drop a course.

Note: March 28 – April 1 is spring break.

 

COLLEGE OF BUSINESS ADMINISTRATION MISSION STATEMENT

The CSU Stanislaus College of Business Administration is a publicly-supported, regional teaching institution. Our mission is to deliver a professional business education that provides our students with the knowledge and skills to succeed in the business world and in society.