School of Administrative Studies

Faculty of Liberal & Professional Studies

York University

Winter 2014 Course Outline – all sections

AP/ADMS 3585 3.0 Intermediate Accounting I

Course Director : / Patricia Farrell / Douglas Kong
Section : / M (Tuesday 4-7 pm) / N (Tuesday 7-10pm) / O
Location : / ACE013 / VH1152A / Internet
Instructor Office Hours: / By Appointment Only
E-Mail Address : /

Calendar Description

This course, in conjunction with AP/ADMS 3595 3.00, develops thorough knowledge and understanding of generally accepted accounting principles and financial statement analytical skills by examining various technical areas of financial accounting. Prerequisite: AP/ADMS 2500 3.00. Prior to Fall 2009 Prerequisite: AK/ADMS 2500 3.0. Course credit exclusion: AK/ADMS 3585 3.00.

Textbook

Required

Intermediate Accounting, 10th Canadian Edition, Volume 1, By Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, and Bruce McConomy ISBN: 978-1-118-30084-8 ©2013

Recommended

Accounting recommendations, CICA Handbook, Canadian Institute of Chartered Accountants (most recent).

Optional

1.  Student Study Guide to above text.

2.  Publisher’s Student Companion Website: www.wiley.com/canada/kieso

Course Website

Section M: http://jacinth.eso.yorku.ca/LotusQuickr/2014w-apadms3585m-03/Main.nsf/

Section N: http://jacinth.eso.yorku.ca/LotusQuickr/2014w-apadms3585n-03/Main.nsf/

Section O (Internet) : http://jacinth.eso.yorku.ca/LotusQuickr/2014w-apadms3585o-03/Main.nsf/

Grade Components

Weighting / Due Date
Assignments (Wiley Plus) / 10% / See Course Schedule
Due at 11:00 pm / See instructions below
Group Case Project / 20% / March 23 (Sunday)
(Due at 11:59 pm) / See instructions below
Mid Term Exam / 25% / March 1 (Saturday)
(7-10 pm) / 3 Hours – See Course Schedule
(Chapter 1-7)
Final Exam / 45% / Exam Period / 3 Hours – See Course Schedule
(Chapter 1-12)
Total / 100%

Wileyplus Assignments

WileyPLUS is an innovative, research-based, on line environment for effective learning. WileyPLUS takes the guesswork out of studying by providing you with a clear roadmap.

There are five on-line assignments which will account for 10% of the total marks. Each assignment should be completed before the due date specified on line. Students will not be allowed to access the assignment after the due date. Students are allowed 5 attempts before they confirm their final submission. Below are the instructions to get access to WileyPLUS on line:

REGISTRATION CODE :

You will need to purchase a registration code to access WileyPLUS but it’s your choice how to buy it :

§  Option 1 – Log In and Buy WileyPLUS Online. Use WileyPLUS in place of the hard copy textbook. Go to www.wileyplys.com to purchase immediately.

(WileyPLUS includes the complete interactive textbook online)

§  Option 2 – Buy a new textbook in the bookstore packages with a WileyPLUS registration code.

Once you have your WileyPLUS Registration Code, you will need to register fir WileyPLUS. You can go to the appropriate class section URL listed below or link directly to your course by looking up your school and section under the Get Started link at www.wileyplus.com.

Here are the steps :

§  Step 1 : Copy and paste the specific class section URL listed below. Verify that the section matches your schedule before you register

Class Section URLs:

ADMS 3585 Section M: http://edugen.wileyplus.com/edugen/class/cls370292/

ADMS 3585 Section N: http://edugen.wileyplus.com/edugen/class/cls370293/

ADMS 3585 Section O:http://edugen.wileyplus.com/edugen/class/cls370294/

§  Step 2 : Click on the REGISTER button to start.

§  Need more info ? Visit www.wileyplus.com/register

WILEYPLUS HELP :

LOGIN : www.wileyplus.com

LIVE CHAT (Technical Support) : www.wileyplus.com/support

Additional Resources : www.wileyplus.com/studentfdoc

“But I was going to rent or buy a used book.”

§  Used and rental books do NOT include valid WileyPLUS codes, making this option the most

expensive.

§  Not sure which option is best for you?

Grace Period - gives you temporary access for up to 14 days

Group Case Project

The Group Case Project will account for 20% of the total marks The project will be assigned around week 6. The class will be divided into groups of 5-6 students based on the active enrolment at that time. Each group is expected to conduct a case analysis and write a case report Each student in the group will receive the same mark for the assignment, so it is strongly recommended that you study together with your team members, and that each student contributes to each case assignment. Discussion of the cases will contribute to your understanding of the course material and help to develop your analytical skills. Written assignments provide an opportunity to apply the skills being taught in the course and are useful for monitoring progress and for obtaining personal feedback.

The group case project must be typed. Each case must be no longer than 6 letter-size pages (excluding appendices), 1 ½ spacing, 12 point font, Time New Roman, with 1” margin. The appendices should only be used to include calculations or tables and they cannot exceed 2 pages. It is critical that students follow these page limits for the case answer and any answer in excess of these page limits will not be marked.

State your assumptions, where applicable. You must use judgment as to the style of response that seems appropriate.

The reports are due at 11:59 pm on March 23, 2013 and all the case report must be submitted to . The group case project must be submitted on the due date and no late submission will be accepted.. More detailed information regarding the case report will be provided by the course director when the groups are formed and assignments are given.

Exams

There is one midterm exam and one final exam. The midterm exam lasts 3 hours and contains multiple-choice questions and comprehensive problems. The final exam lasts 3 hours and contains multiple-choice questions, comprehensive problems and a case.

Course Support

Tutorial schedule (Location To be announced)

Saturday, Feb 22, from 12pm to 2pm
Thursday, Feb 27, from 4:30pm to 6:30pm
Thursday, April 3, from 4:30pm to 6:30pm
Saturday, April 5, from 12pm to 2pm

Page 2 of 14

COURSE SCHEDULE – ADMS 3585 – WINTER 2014

WEEK / CLASS TOPIC / READINGS / REVIEW QUESTIONS / DUE DATE

Week 1 - Jan. 7

/ Canadian Reporting Environment;
Accounting Information System (Brief Review); / Chap. 1 & 3 /

Week 2 - Jan. 14

/ Conceptual Framework;
Reporting Financial Performance / Chap. 2 & 4
/ P2-3, P2-5 /

Jan. 19

/

Last day to enrol without permission

Week 3- Jan. 21 / Reporting Financial Performance; Financial Position and Cash Flows / Chap. 4 & 5
/ E4-16, P4-2, P4-6 (1-3, 6-10), P4-8 (a and b); P 5-11; Case IC4-1 / Assign 1 Due Jan 19 – Chapter 1-3
Week 4 - Jan. 28 / Revenue Recognition
/ Chap. 6 / IC5-1
Week 5 - Feb. 4 / Revenue Recognition; Cash and Receivables
/ Chap. 6 & 7
/ P6-1, P6-2, P6-3, P6-7
Case CA6-2 / Assign 2 Due Feb 2 – Chapter 4-5
Week 6 - Feb. 11 / Cash and Receivables / Chap. 7 / E7-10, E7-11, E7-18, E7-19, P7-2, P7-10
Feb. 17-21 / READING WEEK - NO CLASSES
Week 7 - Feb. 25 / Investments / Ch 9 / E9-4, E9-6, E9-7, E9-8, E9-13; P9-3, P9-7, P9-9 / Assign 3Due Feb 23 – Chapter 6-7
Mar. 1 (Saturday) / MID TERM TEST 1 (Chapters 1-7) : 7-10 pm – Location : TBD
Week 8 - Mar. 4 / Investments; Inventory / Ch 9 & 8 / P8-6, P8-11, Case IC7-2 /
Mar. 7 /

Last day to drop courses without receiving a grade

Week 9 - Mar. 11 / Inventory; Acquisition or Property, Plant and Equipment
/

Ch 8 &10

/ E8-5, E8-12, E8-13, E8-17, E8-21 P8-21 /

Assign 4 Due Mar 9 – Chapter 9

Week 10 - Mar. 18

/ Acquisition or Property, Plant and Equipment; Amortization, Impairment, and Disposition
/ Ch 10 & 11 / E10-9, E10-11, E10-15, E10-19 E10-23, E10-25 (a) and (b),
E10-27, P10-3, P10-7, P10-9, P10-11 /

Group Project due

Mar. 23 (Sunday) at 11:59 pm
Week 11 - Mar. 25 / Amortization, Impairment, and Disposition; Goodwill and Other Intangibles Assets /
Ch 11&12
/ E11-12 E11-15 E11-21 E11-23 (a) and (b) P11-5 P11-7, P11-15 /
Assign 5 Due Mar 23 – Chap 8 & 10
Week 12 - Apr. 1 /

Goodwill and Other Intangibles Assets; Final Review

/
Ch 12
/
E12-9, E12-13 to E12-16, E12-19, P12-7 to P12-9
/
FINAL EXAMS – 3 HOURS (CHAPTERS 1-12) - Time & Location : TBD - During York University’s common exam period
Please do not book travel between this period until the final exam schedule is out.

All Wiley Plus Assignments are due at 11:00 pm

* BE – Brief Exercise; E – Exercise; P – Problem; C - Cases

Page 2 of 14

PART II: DETAILED INFORMATION

The following contains answers to typical questions from students who attend this course. You should read it before submitting your personal inquiries to . Your message will be returned if it has been addressed in the course syllabus.

ENROLMENT

Prerequisites

Students are personally responsible for ensuring that they have the necessary prerequisites. The School of Administrative Studies reserves the right to de-enrol any student when it is determined that a student has requested a course without having the necessary listed prerequisites. The School will not be responsible for refunds resulting from students being dropped from a course due to a lack of a prerequisite. Students with outstanding deferred exams in the prerequisite course may not enrol in this course.

Enrolment Deadline

If the course is full, a waiting list will be maintained with the Receptionist at 282 Atkinson. As vacancies occur, students are contacted in order on the list. The Course Director is not involved in the registration process in any way and cannot assist you with this process. Because of the high volume of material covered, no registration under any circumstances is permitted after the “last date to enrol without permission date”. For Winter 2014, this date is Sunday Jan 19.

CLASS MATERIALS

Textbook

Textbook to be used in this class is the 10th edition. Previous editions and lecture notes used in prior semesters are not up-to-date and should not be used. Financial accounting is an evolving subject, especially with the new adoption of International Financial Reporting Standards. Numerous changes may occur every year in this field. As a result, you are responsible for coverage of recent developments by using up-to-date textbook and lecture notes.

Beyond Textbook

International Financial Reporting Standards (IFRS)

All Canadian public firms were required to adopt IFRS in 2011. This does not mean Canadian GAAP will disappear entirely – it continues to remain important because it set up basis for the Canadian private (non-publicly listed) enterprises’ GAAP (ASPE). Both IFRS and ASPE will be taught in this course.

CICA Handbook

The CICA Handbook is an authoritative guide of Canadian GAAP. It functions as a dictionary in the course for us to look up any Canadian accounting standards not thoroughly covered in text and class lectures. It will be very useful and handy when you do case analysis. If you are planning on being an accounting major, sitting for accounting professional designation exams, and/or pursuing accounting career, the Handbook is an invaluable resource for you to frequently refer to.

Note that this course will only test the Handbook to the extent of the materials being covered in class. To put it in another way, you do not have to specially study the Handbook to be ready for the exam.

York University library provides free online access to the most recent Handbook. Access from the Libraries home page www.library.yorku.ca (or, after signing into the course website click on the 'York Libraries' link). Type CICA in the Title Quick Search box. Choose 'CICA Standards and Guidance Collection' and then choose 'Accounting'. If accessing from off-campus authentication with library barcode and PIN is required.

Study Guide

The Study Guide is completely optional. You are neither encouraged nor discouraged to use it – it’s totally a personal preference. However, please note that this guide does contain errors. If you are not persuaded by the solution, it does not necessarily mean you were wrong. Bring the question at dispute to course tutors; they probably have seen these errors before and will be able to help you figure our correct answers.

Practice Problems

Solving practice problems is one of the best ways to understand class materials and prepare for exams. Selected practice problems will be assigned each week but not graded. These assigned practice problems should be considered as a minimum. The more exercises and problems you do the more comfortable you will be with questions on the exams. However, if there is a time conflict, I would rather you practice the assigned problems at least twice before the exam, than try more unassigned problems.

Assignments and solutions of practice problems will be posted on the course website each week with the posting of slides (i.e. 24 hours before class). Solutions to unassigned end-of-chapter problems will not be posted. There are two ways for you to obtain these solutions. One is to view them during drop-in tutorial hours, and the other is to email with your attempted solution. Due to copyright request from the publisher, no solutions should be provided through electronic sources unless attempted solutions are provided.

LECTURES

Lectures and Slides

There is a 3 hour in-class lecture each week. The lecture will normally have two 80-minute sessions with a 10-minute break in between. The lecture slides will normally be available 24 hours before each class.

Attendance

I do not take class attendance. However, you are required to try your best to attend each class. Technically, if you do not attend class, it will not affect your grade. But statistics show that students who attend class regularly perform consistently and significantly better than students who never attend class or attend class on and off.

Class Etiquette

Just a few things I would like to point out when attending class.

Please:

·  Turn off your cell phone before class

·  Drinking and snacks are permissible only on the condition that it is to refresh your energy and that it does not disturb your neighbors. No entrees or food with smell are permitted.