UNIVERSITY OF ALBERTA SCHOOL OF BUSINESS
DEPARTMENT OF ACCOUNTING AND BUSINESS ANALYTICS
ACCOUNTING 412–FINANCIAL REPORTING FOR MANAGERS OR ANALYSTS SYLLABUS
WINTER 2021
Instructor: Patricia (Trish) Stringer, MFin, CPA CMA, CA Office: Bus 1-27D
Section A1: MW 2:00 pm-3:20 pm; Location: remote Email: [email protected] Office Hours: by appointment
1. Course Description and Information
This course is aimed at non-accounting majors who would like to build on the accounting knowledge developed in Accounting 311 and provides the necessary foundation for courses in financial statement analysis and tax. Further depth is provided in balance sheet valuation, income measurement, earnings per share and cash flow analysis. After completing the course, you should have a working knowledge of most items contained in public financial statements.
The course is a useful as a stand–alone course, and as a companion course for students taking Accounting 432 (Financial Statement Analysis).
This course incorporates the Learning Goals of the BCom Program, in particular, Critical thinking, Ethical Awareness, Written Communications, Teamwork and Quantitative Skills.
2. Course Format
This course is being offered as an online course. Classes will be held live online via Zoom on Mondays and Wednesdays during the regularly scheduled time. See eClass for the link to each class. The classes will be recorded.
3. Course Materials and Activities
3.1. Textbooks
RECOMMENDED – will be referred to as the “Keiso”:
Intermediate Accounting, Volumes 1 & 2, Keiso, Weygandt, Warfield, Young, Wiecek &
McConomy.
Intermediate Accounting, Volume One and Volume Two, Twelth Canadian Edition by Donald E.
Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J.
McConomy, Copyright © 2019.
These texts are also available in a combined e-book (on-line) version. See eClass FAQ document for the link to the online textbook.
RECOMMENDED – will be referred to as the “Kimmel”
Financial Accounting: Tools for Business Aprision-Making, Seventh Canadian Edition by Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm Wayne Irvine, and
Christopher D, Burnley. Copyright © 2017.
This text is also available in e-book (on-line) version. See eClass FAQ document for the link to the online textbook.
3.2. Calculator
You will be required to perform present value (time value of money) calculations in this course.
You are welcome to use the formulas (they will not be provided) or use excel or a financial
3.3. Computer and accessories
You will need to have access to a computer with internet access and a camera where you can view and listen to the class lectures. It would also be useful to have a microphone to be able to ask questions instead of typing questions during office hours.
Cases, quizzes, and the final exam will require you to have a camera and you will need to scan or take a picture of your response(s) and upload to crowdmark. It may be useful to have a printer available, although not required.
3.4. eClass
You will be able to obtain lecture notes and related materials from eClass. eClass also provides a web forum (Discussion Board) for posting questions. Please post any questions in the
Discussion Board instead of emailing me (so other students can also benefit from your question and the applicable answer). Discussion points can be posted as anonymous.
Other than in-class, eClass will be where announcements and other information regarding the course will be made. Please plan to check this site regularly and/or make sure your settings in eClass will send you emails when there are updates.
3.5. In-class and Out of Class Activities
The structure of the course is a combination of lecture and problem solving. End-of-chapter problems and recommended material have been identified (see the tentative class schedule and materials on eClass) to help you learn how to apply concepts. The problems are broken down into two groups:
1) Kimmel text self-study questions, and 2) Keiso text self-study questions.
A good approach is to solve the Kimmel self-study questions PRIOR TO attending class.
Solutions to in class questions and recommended questions will be posted on eClass.
There will also be additional solved problems (recorded solutions) available in eClass that will supplement the in class learning.
4. Evaluation
Your grade in this course will be based on the marks you obtain on four (4) cases, four (4) quizzes, and a (2) two-hour comprehensive final exam. The marks will be weighted as follows to determine your percentage mark in the course:
Cases 20%
Quizzes 40%
Final Exam 40%
Total 100 %
These grades represent the only marks available to students. No additional work or extra credit is available.
Letter grades will be assigned to the percentage marks in accordance with University Regulations [Section 23.4(4) of the University Calendar].
4.1. Cases
For the cases, students may work together in groups of up to three (3). Students are expected to form groups on their own.
Five (5) cases will be administered in this course. The marks for your best four (4) of these cases will count toward your final mark in the course.
The required materials and instructions for the cases will be posted on eClass in the Cases area.
Your submission must be in softcopy (i.e., electronic submissions). It should be submitted by 11:00 pm on the date it is due. You are also welcome to submit your case early. The cases are scheduled for:
• Case #1 – Sunday – January 31st
• Case #2 – Sunday – February 21st
• Case #3 – Sunday – March 7th
• Case #4 – Sunday – March 21st
• Case #5 – Sunday – April 11th
A late submission will not be accepted and will receive a mark of zero.
4.2. Quizzes
Five (5) scheduled quizzes will be administered in this course. These quizzes will be fifty (50) minutes in length and will be held from 2:00 pm – 2:50 pm on certain Mondays. There will be no class on the day of the quizzes. The quizzes are scheduled for:
• Quiz #1 – Monday – January 25th
• Quiz #2 – Monday – February 8th
• Quiz #3 – Monday – March 1st
• Quiz #4 – Monday – March 15th
• Quiz #5 – Monday – March 29th
The marks for your best four (4) of these quizzes will count toward your final mark in the course.
Quizzes may include multiple choice, true/false, short problem and short answer questions.
Quizzes will be closed book and are to be completed individually, without the assistance of another person or persons. Each quiz will cover material from the current or previous lecture(s), and chapter recommended questions assigned. There will be no opportunity to make up a quiz.
4.3. Final Exam
You will have two (2) hours to write the final exam. The final exam will be comprehensive.
The final exam will be held on Tuesday, April 27th starting at 9:00 am.
The final exam is to be completed individually, without the assistance of another person or persons. The final exam format and submission requirements will most likely be similar to the quizzes.
4.4. Re-marking Policy
After marked cases and quizzes have been returned, the answer key will be posted on eClass.
Students should review the marking carefully and bring to my attention any questions about their marks as soon as possible. No remarking requests will be accepted more than one week after the results have been made available. All appeals must be in writing (email is fine).
4.5. Absence from Cases, Quizzes or Term Examinations
Occasionally life events occur that require a student to miss quizzes or final examinations.
However, excused absences are not granted automatically and will be considered only for acceptable reasons such as incapacitating illness, severe domestic affliction, or religious convictions.
Unacceptable reasons include, but are not limited to personal events such as vacations, weddings, or travel arrangements. When a student is absent without acceptable excuse, a final grade will be computed using a raw score of zero for the work missed. Any student who applies for or obtains an excused absence by making false statements will be liable under the Code of Student
Behaviour.
4.5.1. Absence from a Case or Quiz
There will be no opportunity to make up a case or quiz. There are five (5) cases but only four (4) count, so if you miss a case that will be one of the one that won’t count.
There are five (5) quizzes but only four (4) count, so if you miss a quiz that will be the one that won’t count.
4.5.2. Absence from Final examination
Section 23.3(2) and 23.5.6 (1) of the Calendar provides the University Regulations regarding procedures in the case of a missed final examination. If a deferred final exam is required for this course, it will tentatively be held on Friday, May 7th, 2021 at
9:00 am.
5. Academic Integrity
Absolute and complete academic honesty is expected of you in this course. It is important for you as a student to behave in an ethical manner.
The University of Alberta is committed to the highest standards of academic integrity and honesty. Students are expected to be familiar with these standards regarding academic honesty and to uphold the policies of the University in this respect. Students are particularly urged to familiarize themselves with the provisions of the Code of Student Behaviour (online at
http://www.governance.ualberta.ca/CodesofConductandResidenceCommunityStandards/Codeof StudentBehaviour.aspx ) and avoid any behaviour that could potentially result in suspicions of cheating, plagiarism, misrepresentation of facts and/or participation in an offence.
Academic dishonesty is a serious offence and can result in suspension or expulsion from the University. Ignorance is not a defense.
6. Other
Audio or video recording of lectures, labs, seminars or any other teaching environment by students is allowed only with the prior written consent of the instructor or as a part of an
approved accommodation plan. Recorded material is to be used solely for personal study, and is not to be used or distributed for any other purpose without prior written consent from the instructor.
Policy about course outlines can be found in Section 23.4(2) of the University Calendar.
ACCTG412TENTATIVE CLASS SCHEDULE
Cl# Dates Topics Chapters Keiso Recommended Questions
1 M Jan 11 Introduction to the course
2 W Jan 13 Financial Reporting & Framework Chs 1 & 2 BE1.14, BE 1.20, RA1.18, E2.2, E2.16 3 M Jan 18 Accounting Information System and
Measurement
Appendix C &
Chapter 3
Appendix C: EC.3, EC.6, EC.7 BE3.18, BE3.19, BE3.20, BE3.24 4 W Jan 20 Financial Performance Chapter 4 E4.1, E4.3, E4.7, E4.8, E4.15
M Jan 25 Quiz #1
5 W Jan 27 Revenue Recognition Chapter 6 E6.4, E6.10, E6.14, E6.19, E6.23
6 M Feb 1 Cash and Receivables Chapter 7 BE7.14, E7.2, E7.4, E7.5, E7.6, E7.11, E7.13, E7-17, E7.19 7 W Feb 3 Inventory Chapter 8 E8.2, E8.8, E8.11, E8.12, E8.17, E8.18, E8.19
M Feb 8 Quiz #2
8 W Feb 10 Investments Chapter 9 BE9.7, BE9.9, E9.2, E9.4, E9.7, E9.10, E9.11, E9.23, E9.24, E9.26, P9.1, P9.3, P9.5, P9.12, P9.15
Feb 15-20 No Classes –Reading Week
9 M Feb 22 Financial Position and Cash Flows Chs 5 & 22 BE5.17, BE5.18, E5.2, E5.4(a), E5.5, E5.7, E5.14, E5.15, E22.3, E22.14 10 W Feb 24 Property, Plant, and Equipment Chapter 10 E10.1, E10.4, E10.10, E10.15, E10.17, E10.27
M Mar 1 Quiz #3 11 W Mar 3
Depreciation, Impairment, and Disposition and Intangible Assets and Goodwill
Chs 11 & 12 E11.3, E11.8, E11.10, E11.15, E11.21, E11.26, E12.1, E12.4, E12.7, E12.17, E12.19, E12.21 12 M Mar 8 Current Liabilities Chapter 13 E13.2, E13.5, E13.6, E13.10, E13.15
13 W Mar 10 Long-term liabilities Chapter 14 E14.3, E14.4, E14.6, E14.8, E14.10, E14.23 M Mar 15 Quiz #4
14 W Mar 17 Shareholders’ Equity & Complex Chs 15 & 16 E15.3(a), E15.6(b), E15.12(a), E15.14 (a), E16.2, E16.5, E16.8, E16.13, E16.19
15 M Mar 22 Earnings per share Chapter 17 E17.2, E17.4, E17.6, E17.9, E17.11, E17.16, E17.17
16 W Mar 24 Income taxes & Pensions Chs 18 & 19 E18.1, E18.4, E18.7, E18.10, E18.12, E18.26, BE19.11, RA19.1, RA19.4 M Mar 29 Quiz #5
18 W Mar 31 Leases Chapter 20 E20.3, E20.10, E20.17, E20.18
M Apr 5 Holiday
19 W Apr 7 Accounting changes and errors Chapter 21 E21.4, E21.5(a & b), E21.11, E21.16, E21.25 20 M Apr 12 To be determined
21 W Apr 14 To be determined
T Apr 27 Final exam date– 9:00 am
