Course: ACCTG 100B Intermediate Accounting II Sean Bowman E-mail: seanbowman@live.com Office Hours: online or via email First Day of class: April 29, 2012 Last Day of class: August 18, 2012 This course is administered in 16 weeks. 1. Course Description Continues intermediate accounting with an emphasis on current pronouncements and practical applications. Students will read, discuss and implement the most current accounting requirements as prescribed in the FASB statements and other current accounting pronouncements, including IFRS. Topics include plant and equipment, intangible assets, current liabilities, long-term debt, stockholders' equity, investments, and introduction to the cash flow statement. Prerequisites: Accounting 100A A knowledge of spreadsheets is recommended Contacting me: I respond well within 24 hours to all email and Moodle forum postings. DO NOT rely on weekend help, even if most deadlines are set for Sunday at 11:00pm. Each week runs from Monday through Friday, with a FRIDAY at NOON cut-off time. Any questions posted after noon on Fridays may not get a response or not until the following working day (usually Monday of the following week), which may not help you. Plan your work accordingly. 2. Course Objectives By the end of this course, students should be able to do the following: Identify problems and solutions where financial accounting, as well as all other areas of accounting, is not an exact science, and that a final numeric solution to a problem is simply the stating point of decision making Use computers and quantitative analysis to facilitate analysis of problems and assist in decision making. Describe the interrelationships among the various areas in accounting, especially with regards to managerial accounting and reporting, and federation taxation, and to describe how these interrelationships impact decision making. Describe the concepts, methods, and tools used in financial accounting. Organize and analyze accounting and economic data for use in decision making.
3. Required Materials Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield Intermediate Accounting. New York City: John Wiley & Co.,. 14 th edition. ISBN# 978-0-470-58723-2 BookStore: To purchase course books and materials from efollett, GGU's official online bookstore, please see the Important Info section of this course. University Library There are several databases available through the Golden Gate University Library for students to conduct research on various topics. Remote (off campus) access to the databases requires your last name and student ID# (located on the front of your ID card). Be sure to type in ALL 7 digits, including the starting 0. Example: 0123456. You may access the library from GGU s homepage at http://www.ggu.edu. 4. Course Requirements and Procedures Homework There will be four homework assignments associated with sessions 3, 4, 9 and 13. Homework must be submitted by 11:00pm Sunday evening in Drop box folder in Moodle. Additional instructions for the homework assignments will be in the corresponding session. Exams The final and the two midterms will be a combination of problems and short, written-out answers in complete sentence/paragraph form. The midterms will be given in the 6th and 10th weeks. The final will be in the 16th week. You will have three hours to complete the proctored exams and 90 minutes to complete the online exam. No Make-Up Exams are allowed. Midterm#1 During week 6 ( 6/04/12 to 6/10/12) Proctored, Closed Book, Open Notes (1 pg / 1 side- Handwritten) Midterm#2 During week 10 ( 7/06/2012 to 7/08/2012) Online, Open Book Final During week 16 (8/13/2012 to 8/18/12) Proctored, Closed Book, Open Notes (1 pg / 2 sides- Handwritten) Supervised Exam Procedure Each course offered through CyberCampus will have a minimum of one proctored exam. A summary of the procedures follows. When you register for a CyberCampus course, you will complete a Student Profile Form that will allow you to select either a GGU campus location or independent exam proctor for your supervised exam at the time of registration. For students choosing an independent exam proctor, you will download and print the exam supervisor form when you complete the Student Profile Form. To ensure adequate time for the proctor approval process, you will be required to submit the completed forms no later than two weeks after the first day of class. You will be notified if your proctor has been approved or disapproved. If disapproved, you will be sent a new proctor form as well as the reason for nonacceptance of your original choice.
Examples of suitable proctors are authorized university employees, college testing facilities, authorized employees at U.S. military education centers, public employees of agencies such as libraries, police and fire departments, and your employer. In addition, the CyberCampus staff is always available to assist you with any questions or concerns you may have regarding the proctoring process. For more information, go to http://www.ggu.edu/cybercampus/examinformation Problems Assigned from the Book (Practice Problems) For every chapter, except the first chapter, there will be problems from the book assigned. Although these will not be collected, you are likely to perform well in the course if you read and re-read the text often and attempt to do all these problems from the Questions and Exercises section of the textbook. A copy of the solutions manual for the practice problems will be placed in the corresponding session. Class Participation Class participation is important in an online class. I will post questions in all sessions except the weeks where we have exams (6, 10, & 15/16). Question and Answer (Q&A) forums require students to post their perspectives before viewing other students' postings. After the initial posting, students can view and respond to others' postings. You need at least TWO post per session (12 sessions) to earn the full credit available for class participation. Session discussion forums close on Sundays at 11pm. The quality of your posts will be taken into consideration for the grading. You are free to choose which questions you respond to. You can only earn points in the discussion forum. Questions posted in the chapter question forums are not gradable. 5. Grading Policy Comprehensive Final Midterm Examination #1 Midterm Examination #2 Participation Homework Introduction Total 33% = 165 points 24% = 120 points 18%= 90 points 12% = 60 points 12% = 60 points (Four assignments at 15 points each) 1%= 5 points 100% = 500 points Grading 93-100% A 90-92 A- 87-89 B+ 83-86 B 80-82 B- 77-79 C+ 73-76 C 70-72 C- 67-69 D+ 63-66 D 60-62 D- 60 F
6. Course Topics (Review the end of this syllabus to see the Learning Objectives associated with each chapter) Session Session one Topic Intro to Intermediate Accounting Session two Chapter 10 Acquisition and Disposition of PP&E Session three Chapter 11 Depreciation, Impairments, and Depletion Session four Chapter 12 Intangible Assets Session five Chapter 13 Current Liabilities and Contingencies Session six Midterm#1: Proctored (Chapters 10 to 13 ) Session seven Chapter 14 Long-Term Liabilities Session eight Chapter 14 Long-Term Liabilities (Continued) Session nine Chapter 15 Stockholders Equity Session ten Midterm#2: Online (chapters 14 & 15) Session eleven Chapter 16 Dilutive Securities and Earnings per Share Session twelve Chapter 17 Investments in Debt Securities Session thirteen Chapter 17 Investments in Equity Securities Session fourteen Chapter 17 Other Reporting Issues Session fifteen Final Exam Review Session sixteen Comprehensive Final Exam Proctored. 7. Academic Integrity Students are responsible for adhering to University standards of academic integrity (as set forth in the Golden Gate University Catalog). All students are responsible for understanding what constitutes academic dishonesty which includes but is not limited to both cheating and plagiarism. Students are responsible for understanding what plagiarism is and how to avoid unintentional plagiarism by carefully following accepted scholarly practices- accurately recording sources of materials to be cited, quoted, paraphrased, or summarized, and acknowledging these sources in accepted documentation formats. Plagiarism is the intentional or negligent presentation of another person's idea or product as one's own. It includes but is not limited to: * Copying all or part of another person's written work without proper citation or attribution * Representing as one's own specific phrases, sentences, paragraphs, or the specific substance of another person's work without giving appropriate credit * Paraphrasing another person's original ideas, theories, explanations, examples, models, principles, research issues and strategies, cases, conclusions, etc. without proper attribution
* Representing as one's own another person's computer programs, web content or designs, graphic or artistic works, mathematical or scientific solutions, charts, tables, figures, or illustrations in any medium. All work submitted by students in this class (including but not limited to, comments, postings, charts, examples, problem set solutions, and exam answers) must either be the product of the student's own words, understanding or work, or must have credit attributable to the original source. Students may post content from another source verbatim so long as the original source is given credit. It is generally suggested that a higher learning outcome is achieved by a student who has to synthesize information from different sources and express an understanding in his or her own words. The process of synthesizing and paraphrasing also allows the student the step of self assessing their real understanding of what they have just read. 8. Instructor Bio I m from the Bay Area and went to college locally at UC Berkeley (BA Economics). In addition, I have a Masters in Accounting from the University of Texas at Austin. I m passionate about teaching and learning in the online environment. I earned an online teaching certificate from UC San Diego Extension. I previously worked as an auditor for PricewaterhouseCoopers. More recently I held a variety of financial positions at Hewlett-Packard. I hold the CPA license. I ve worked professionally in the area of fraud and hold an active Certified Anti-Money Laundering Specialist credential. I enjoy distance running and run several marathons a year. I m looking forward to working with all of you in this course.
LEARNING OBJECTIVES ch 10 1. Describe property, plant and equipment. 2. Identify the costs to include in initial valuation of property, plant, and equipment. 3. Describe the accounting problems associated with self-constructed assets. 4. Describe the accounting problems associated with interest capitalization. 5. Understand accounting issues related to acquiring and valuing plant assets. 6. Describe the accounting treatment for costs subsequent to acquisition. 7. Describe the accounting treatment for the disposal of property, plant, and equipment. LEARNING OBJECTIVES ch 11 1. Explain the concept of depreciation. 2. Identify the factors involved in the depreciation process. 3. Compare activity, straight-line, and decreasing-charge methods of depreciation. 4. Explain special depreciation methods. 5. Explain the accounting issues related to asset impairment. 6. Explain the accounting procedures for depletion of natural resources. 7. Explain how to report and analyze property, plant, equipment, and natural resources. *8. Describe income tax methods of depreciation. LEARNING OBJECTIVES ch 12 1. Describe the characteristics of intangible assets. 2. Identify the costs to include in the initial valuation of intangible assets. 3. Explain the procedure for amortizing intangible assets. 4. Describe the types of intangible assets. 5. Explain the conceptual issues related to goodwill. 6. Describe the accounting procedures for recording goodwill. 7. Explain the accounting issues related to intangible-asset impairments. 8. Identify the conceptual issues related to research and development costs. 9. Describe the accounting for research and development and similar costs. 10. Indicate the presentation of intangible assets and related items. *11. Understand the accounting treatment for computer software costs. LEARNING OBJECTIVES ch 13 1. Describe the nature, type and valuation of current liabilities. 2. Explain the classification issues of short-term debt expected to be refinanced. 3. Identify types of employee-related liabilities. 4. Identify the criteria used to account for and disclose gain and loss contingencies. 5. Explain the accounting for different types of loss contingencies. 6. Indicate how to present and analyze liabilities and contingencies. LEARNING OBJECTIVES ch 14 1. Describe the formal procedures associated with issuing long-term debt. 2. Identify various types of bond issues. 3. Describe the accounting valuation for bonds at date of issuance. 4. Apply the methods of bond discount and premium amortization. 5. Describe the accounting for the extinguishment of debt. 6. Explain the accounting for long-term notes payable. 7. Explain the reporting of off-balance-sheet financing arrangements. 8. Indicate how to present and analyze long-term debt. *9. Describe the accounting for a debt restructuring. LEARNING OBJECTIVES ch 15 1. Discuss the characteristics of the corporate form of organization. 2. Identify the key components of stockholders equity. 3. Explain the accounting procedures for issuing shares of stock. 4. Describe the accounting for treasury stock.
5. Explain the accounting for and reporting of preferred stock. 6. Describe the policies used in distributing dividends. 7. Identify the various forms of dividend distributions. 8. Explain the accounting for small and large stock dividends, and for stock splits. 9. Indicate how to present and analyze stockholders equity. *10. Explain the different types of preferred stock dividends and their effect on book value per share. LEARNING OBJECTIVES ch 16 1. Describe the accounting for the issuance, conversion, and retirement of convertible securities. 2. Explain the accounting for convertible preferred stock. 3. Contrast the accounting for stock warrants and for stock warrants issued with other securities. 4. Describe the accounting for stock compensation plans under generally accepted accounting principles. 5. Discuss the controversy involving stock compensation plans. 6. Compute earnings per share in a simple capital structure. 7. Compute earnings per share in a complex capital structure. *8. Explain the accounting for stock-appreciation right plans. *9. Compute earnings per share in a complex situation. LEARNING OBJECTIVES ch 17 1. Identify the three categories of debt securities and describe the accounting and reporting treatment for each category. 2. Understand the procedures for discount and premium amortization on bond investments. 3. Identify the categories of equity securities and describe the accounting and reporting treatment for each category. 4. Explain the equity method of accounting and compare it to the fair value method for equity securities. 5. Describe the accounting for the fair value option. 6. Discuss the accounting for impairments of debt and equity investments. 7. Explain why companies report reclassification adjustments. 8. Describe the accounting for transfer of investment securities between categories. *9. Explain who uses derivatives and why. *10. Understand the basic guidelines for accounting for derivatives. *11. Describe the accounting for derivative financial instruments. *12. Explain how to account for a fair value hedge. *13. Explain how to account for a cash flow hedge. *14. Identify special reporting issues related to derivative financial instruments that cause unique accounting problems. *15. Describe the accounting for variable-interest entities. *This material is covered in an Appendix to the chapter.