Accounting 3369
Spring 2001
Instructor:Dr. Edward Nathan
Office:370 C Melcher Hall
Phone:713-743-4827
E-Mail:
Web Site:
Office Hours:M.& W 9:30- 10:00 AM, 5:00 –5:30 PM
Or by appointment
COURSE OBJECTIVES
Accounting 3369 completes the intermediate accounting curriculum, by examining special accounting topics including investments, corporate financial disclosure, their use in financial statement analysis, and the role of the SEC, segment reporting, interim reporting, accounting for changing prices, derivative financial instruments, Governmental Accounting, Not-For-Profit Institutions, and Personal Financial Statements.
COURSE PRE-REQUISITES
You must have junior standing and have passed ACCT 3368 with a minimum grade of C to be enrolled in this class. In addition, you are expected to have a working knowledge of computer spreadsheets, such as Lotus or Excel, as taught in DISC 2373.
REQUIRED TEXTS
Intermediate Accounting Volume II, 10thEdition, Kieso,Weygandt and Warfield; Wiley, 2000
(referred to below as KWW)
Advanced Accounting, Seventh Edition. Beams, Borzofsky and Shoulders; Prentice Hall, 2000 ) (Referred to below as BBS. This text will also be used for the Advanced Accounting course.)
Understanding Corporate Annual Reports: A Practice Set for Financial Accounting, Fourth Edition. Pasewark, McGraw Hill, 2000.
Green Scantrons to be used for taking examinations.
Intermediate Accounting III Supplement (referred to below as IAS) - to be handed out in class
OPTIONAL TEXTS
Objective Questions and Explanations. Gleim and Collins: Gleim Publications, Inc., 9th Edition. 2000 (Referred to below as Gleim This text will also be beneficial for preparing for the CPA examination.)
Solutions Manual for Intermediate Accounting, Vol. II Kieso, Weygandt & Warfield: Wiley, 2000
Accounting 3369 Solutions (available at UH Copy Center as packet #64)
GRADES
Your grade in Accounting 3369 will be determined in the following manner:
Daily Assignments / 8%Practice Set / 8%
Exam 1 / 28%
Exam 2 / 28%
Final (Comprehensive) / 28%
Total / 100%
Only letter grades will be assigned; no "+" or "-" will be added to your letter grade. Course grades will not be posted. To receive your grade early by mail, you may either submit a stamped and addressed envelope to your instructor on or before the final examination. (No post cards please). You may also receive your grade by calling 743-UHUH or by e-mailing me at (I will reply).
CLASSROOM EXPECTATIONS
Although not specifically identified in the calculation of grades, faithful attendance and active participation are expected of all students. You are expected to have the same performance and attendance that you would on your first job. This includes arriving on time and staying until class is dismissed
CLASSROOM COURTESY
As a courtesy to your classmates please do not bring active beepers or cell phones to class. If you have a special situation which requires you to leave class early, please inform me of this before the class begins.
DAILY ASSIGNMENTS
Homework – Three assignments will be collected. These are due on the dates indicated in the projected schedule
Quizzes – Five in-class quizzes will be given. There will be no make-up for these quizzes but the lowest two quiz scores will be dropped.
Internet and SEC Cases – these two cases are due on the dates indicated.
PRACTICE SET
The purpose of this practice set is to help you understand and analyze an annual report. The instructions for completing the practice set are included in the practice set.
You must first obtain a current annual report of a publicly traded corporation to complete this assignment. You may not analyze the same corporation as another student currently taking Accounting 3369.
You should write to a company (or call) to obtain this annual report within the first week of class. Internet downloads of the annual report are acceptable only in the event that the company will not provide you with a hard copy of the full annual report
EXAMINATIONS
The examinations will be comprised of multiple choice questions, short essays, and problems. The multiple-choice questions will be similar to those contained in the Objective Questions and Explanations by Gleim and Collins (see recommended texts). Problems will be similar to the problems in the homework assignments.
Examinations must be taken at the scheduled time. Examinations may be missed only under extraordinary circumstances, which must be approved by the intermediate coordinator prior to the examination. (Lack of preparation or multiple examinations are not acceptable excuses.) In the case of excused and approved absences, the grade you receive on the final examination will also be used for the exam you missed.
The final exam will be comprehensive; however, the chapters discussed after the second examination will be emphasized. You must take your final examination at the scheduled time. The final examination for all ACCT 3369 classes will be on May 3, 2001 from 5:00 to 7:30 p.m.
WITHDRAWAL POLICY
If you want to drop the course without the course appearing on your transcript, you must submit a drop form to Student Services on or before February 13.
If you drop between February 14 and April 3, you will receive a "W unless you are failing the course. In accordance with University policy, you cannot withdraw from this course after April 3.
CALCULATOR POLICY
The CPA Examination Committee has now approved the use of four-function calculators (addition, subtraction, multiplication, and division only) on the CPA Examination. You must use similar calculators for examinations in this class. Calculators capable of storing text (alphabetic characters) and/or programming formulae are strictly prohibited. Your calculator must not be capable of performing financial (e.g., PV, FV), trigonometric (e.g., sine, cosine), or statistical (e.g., regression, standard deviation) functions. Please inquire whether your calculator meets these specifications if you have any doubt.
The CPA Examiners supply a Sharp, Model EL-231C calculator to candidates. These calculators are available in many department stores for less than $10.
COLLEGE POLICY ON TEACHING
The CBA has a policy that requires all of its instructors to be evaluated by their students. The results of these evaluations are important to provide feedback to instructors on how their performance can be improved. In addition, these evaluations are carefully considered in promotion, salary adjustment, and other important decisions. We openly encourage students to provide feedback to the instructors and to the CBA through the evaluation process.
ACCOMMODATIONS FOR STUDENTS WITH DISABILITIES
The Center for Students with Disabilities provides a wide variety of academic support services to all currently-enrolled UH students who have any type of mental or physical disability of either a temporary or permanent nature. These services include assistance with course accommodations, adaptive equipment, individualized exam administration, taped textbooks, wheelchair repair, library needs, registration, handicapped parking, accessible housing and transportation, as well as many other needs. If you feel that you may need assistance of this nature, you call the Center at 743-5400. In addition, you should notify your professor about any special needs as soon as possible.
READING AND STUDY ASSIGNMENTS ACCT 3369 SPRING 2001
KEY: BE = brief exercise E = Exercise P = Problem C = Case
INVESTMENTS KW CHAPTER 18
Demonstration and Self-Study: KW E18-3 E18-16 E18-17 P18-2 P18-4 P18-5 P18-8 P18-10
Gleim Module:10:1-4
DERIVATIVE INSTRUMENTS AND HEDGING: KW CHAPTER 18 APPENDIX BDemonstration and Self-Study KWE18-24, E18-26, P18-18, P18-19, P18-21
Gleim Module: 10.6
FINANCIAL DISCLOSURE AND REPORTING: KW CHAPT.25 pp 1381-1390 & 1402-1412
Demonstration and Self-Study: C 25-2, P25-1, E25-2
Gleim Modules: 21 (1-3)
SEGMENT AND INTERIM REPORTING BBS CHAPT. 15 & KW CHAPT. 25 pp 1391-1401
Demonstration & Self-Study: BBS E15-1E 15-5, E15-6, E15-7, E15-9 P15-3, P15-4, P15-6 C25-9
Gleim Module 26
FINANCIAL STATEMENT ANALYSIS KW Chapter 25 Appendix B
Demonstration & Self-Study: P 25-3, C25-13, BE 25-9
Gleim Module: 23
THE SECURITIES AND EXCHANGE COMMISSION: BBS Appendix A & IAS
Demonstration & Self-Study: IAS: EE-1 to EE-8 Problems IAS:PE-1 PE-3 PE-4 PE-6 PE-8
PERSONAL FINANCIAL STATEMENTS: IAS
Demonstration & Self Study: IAS: EG-3, EG-5, and EG 6, PG-1, PG-3, and PG-4
Gleim Module: 30.1
NOT-FOR-PROFIT ACCOUNTING: BBS CHAPTER 21
Demo.& Self Study: BBS: E21-1 to E21-3,E21-9, E21-11, E21-12, E21-15, P21-1, P21-6, P21-8
IAS: PN-1 PN-3
Gleim Module: 29
ROUTINE GOVERNMENTAL ACCOUNTING: BBS CHAPTER 19
Demonstration & Self-Study: BBS: E19-1 to E19-6, E19-9, E19-10, E19-11, P19-2, P19-5, P19-7, P19-9 Gleim Module: 28
NON-ROUTINE GOVERNMENTAL ACCOUNTING AND GOVERNMENTAL
FINANCIAL STATEMENTS: BBS CHAPTER 20 and GASB 34 UPDATE
Demo. & Self-Study: BBS: E20-1 to E20-8, E20-10 ,E20-14, E20-16, P20-2, P20-4,
P20-14 & BBSUPDATE: E1 to E3
Gleim Module: 28
TENTATIVE SCHEDULE
ACCT 3369
Spring 2001
Week / Date / Subject / EventWeek 1 / W Jan 17 / Investments
Week 2 / M Jan 22 / Investments
W Jan 24 / Investments
Week 3 / M Jan 29 / Derivatives
W Jan 31 / Derivatives
Week 4 / M Feb 5 / Derivatives
W Feb 7 / Corporate Reporting & Disclosures
Week 5 / M Feb 12 / Segment Reporting
W Feb 14 / Interim Reporting / Last Day To Drop Without Course Appearing On Transcript
Homework #1 Due
F Feb 16 / Midterm Exam I, 6 - 8 pm
Week 6 / M Feb 19 / Financial Statement Analysis
W Feb 21 / SEC Reporting / Internet Case Due
Week 7 / M Feb 26 / Personal Financials / SEC Case Due
W Feb 28 / Personal Financials
Week 8 / M March 5 / Not For Profit
W March 7 / Not For Profit
March12-17 / No Class- Spring Break
Week 9 / M March 19 / CPA Day
W March 21 / Not-for-Profit / Practice Set Due
Week 10 / M March 26 / Not-for-Profit
W March 28 / Not-for-Profit / Homework #2 Due
F March 30 / Midterm Exam II, 6 - 8 pm
Week 11 / M April 2 / Governmental / Last day to withdraw from course
W April 4 / Governmental
Week 12 / M April 9 / Governmental
W April 11 / No Class
Week 13 / M April 16 / Governmental
W April 18 / Governmental
Week 14 / M April 23 / Governmental
W April 25 / Review Of The Course / Homework #3 Due
Week 15 / M April 30 / No Class
Th May 3 / Final Exam, 5 - 7:30 pm
HOMEWORK ASSIGNMENTS
Homework #1:KWW: E18-14 P18-9 P 18-20C25-10 BBS:P 15-2 P15-8
Homework #2 IAS: PG-5, and PN-2, BBS:P21-4 (columnar format),P21-7
Homework #3BBS: P19-4 P19-6 P20-9 P20-12 , and BBS: Update Exercise 4
STUDENT INFORMATION SHEET
Last Name: ______
Name to be called: ______
Student ID Number: ______
E-Mail Address: ______
Local Address: ______
______
Home Phone Number: ______
Currently Employed at: ______
Work Phone Number: ______
How many hours per week do you work? ______
How many hours of classes are you taking this semester? ______
What are your career goals? For example, do you want to work for a CPA firm, corporation, etc.?
Read the following statements carefully, sign this page, and return it to your instructor.
1.I am aware of the withdrawal policy and the policy for missed examinations specified in the syllabus, and I agree to adhere by these policies.
2.I have read the syllabus thoroughly and understand the mid term examinations in this class occur on from 6:00 pm to 8:00 pm on February 16 and March 30 and that the final examination will be on May 3 from 5:00 pm to 7:30 pm.
Signature ______
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