ACG 3141
Intermediate Accounting Theory II
Fall, 2007
Evening Section
Instructor: Kathryn Means
Office: 131 Bus East
Phone: Home--954-753-9803
Office--561-297-2667
Office Hours: 2:00-5:00, Monday & Wednesday
Text:Spiceland, Sepe, & Tomassini. Intermediate Accounting. Fourth Edition, Irwin/McGraw-Hill, 2006.
Original Pronouncements, FASB, 2007-2008 Edition are recommended.
Prerequisites: Junior standing and Intermediate Accounting Theory I. Students lacking proper prerequisites may be administratively withdrawn from this or any other accounting course at any time during the term without receiving a tuition refund.
Course Objectives: The purpose of this course is to provide the student with knowledge necessary to understand how management decisions impact financial reports. The course provides a critical survey of required general purpose financial statements. Students will learn to evaluate choices with regard to events and how decisions impact financial condition, results of operations, and cashflows. Students are encouraged to visit for a discussion of relevant competencies expected of accounting graduates. This course is a continuation of Intermediate Accounting Theory I with emphasis on inventory accounting and accounting for long-lived assets.
Course policies:
*Students are expected to come to class having read the text material assigned and attempted all assignments
*Unless instructed otherwise, all work to be submitted for consideration toward a students grade is to be attempted and completed on an individual basis.
*Students are responsible for School of Accounting policies at course policies1.htm
Grading: Attendance/effort will be considered for borderline cases.
Scale: 90-100...A
80- 90...B
70- 80...C
Etc.
Two mid-term exams 60%
Comprehensive final30%
Written assignments10%
100%
All exams will be given during regular class time or the scheduled final exam period. Make-up exams will NOT be given due to their inherent unfairness. If any exam is missed WITH the approval of the instructor, the comprehensive final will be counted in place of the missed exam. If two exams are missed, the student will receive an F in the course.
Written assignment: The student is required to write two formal memos in response to two designated cases during the semester. The acceptable cases will be specified during the semester. The formal analysis must be turned in prior to the class discussion of the case. In addition to content, each submission will be scored for grammar, spelling, coherence, clarity and conciseness. Submissions should be typed, double spaced, using proper form. If you fail to turn in the two cases you will receive an F in the course.
Homework: This is the most important aspect of the course. You must be dedicated to doing the work, not merely watching or listening in class. You should be prepared with the assignments scheduled for each class meeting.
ACG 3141
Tentative Schedule
Fall, 2007
Date / Topic / Assignment8/27 / Introduction / Chapter 5
8/29 / Revenue Recognition / Chapter 5;
Ex. 5-2,4,7,8,
Pr. 5-2,4,5,7
9/10 / Cash & Receivables / Chapter 7;
Ex. 7-2,4,6,8,10,11
Pr. 7-2,4,5,6,8,9
9/19 / Inventory Measurement / Chapter 8;
Ex. 8-3,19
Pr. 8-1,5,9,10
10/1 / Additional Inventory Issues / Chapter 9;
Ex. 9-1,3,6,7,8,9, 20,21
Pr.9-1,4,9,12
10/15 & 10/17 / Exam I / Chapters 5,7,8,& 9
10/22 / Operational Assets-
Acquisition & Disposal / Chapter 10
Ex. 10-1,3,5,8,9,10,
11,12,13,15,20,21
Pr.10-2,4,5,7,8,9
10/31 / Operational Assets-Utilization / Chapter 11
Ex. 11-2,3,11,12,18, 19
Pr. 11-10,12
11/14 / Lease Accounting / Chapter 15
Ex. 15-11,14,15,16, 18,21,25,26
11/26 & 11/28 / Exam II / Chapters 9, 10, & 15
12/3 / Current Liabilities / Chapter 13
Ex.13-4,5,7,9,11,12, 18
Pr. 13-2,3,7,9
12/10 & 12/12 / Final Exam
Important Dates
Fall, 2007
September 3, Labor Day--No Class
October 19, Last Day to Withdraw with W
November 12, Veterans Day--No Class
December 6, Reading Day