UNIVERSITY OF ALBERTA SCHOOL OF BUSINESS
DEPARTMENT OF ACCOUNTING,OPERATIONS AND INFORMATION SYSTEMS
A
CCOUNTING412 – F
INANCIALR
EPORTING FORM
ANAGERS ORA
NALYSTSS
YLLABUS FALL 2018Instructor: Patricia (Trish) Stringer, MFin, CPA CMA, CA Office: Bus 1-27D
Class: MW 2:00 pm-3:20 pm (BUS 2-5) Email: [email protected] Office Hours: MTWR 12:30 – 1:45 or 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. 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/Code ofStudentBehaviour.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.
3. Course Materials and Activities 3.1. Textbooks
RECOMMENDED – will be referred to as the “Kimmel”
Financial Accounting: Tools for Business Decision-Making, Seventh Canadian Edition by Paul D.
Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm Wayne Irvine, and Christopher D, Burnley. Copyright © 2017.
The textbook is also on reserve in the Winspear Library 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 a non-programmable financial calculator in this class. The Texas Instruments TI-BAII Plus or the Sharp EL738C are both good options (the sharp has a 2 line display), although any non-programmable financial calculator will work. You are only permitted to use a non-programmable calculator in the exams.
3.3. eClass
You will be able to obtain lecture notes and related materials from eClass at
https://eClass.ualberta.ca/ 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.
3.4. 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. It is also recommended that ALL in class questions be attempted, or at a minimum read, PRIOR TO attending class. Solutions to in class questions and recommended questions will be posted on eClass.
4. Evaluation
Your grade in this course will be based on the marks you obtain on four (4) in class assignments, two (2) cases, an eighty (80) minute midterm exam, and a (2) two-hour comprehensive final exam. The marks will be weighted as follows to determine your percentage mark in the course:
In Class Assignments 8%
Cases 12%
Midterm Exam 30%
Final Exam 50%
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]. Percentage grades will be converted to letter grades as follows:
Percentage Grade Letter Grade
95%+ A+
90%-94.99% A
85%-89.99% A-
80%-84.99% B+
75%-79.99% B
70%-74.99% B-
65%-69.99% C+
60%-64.99% C
56%-59.99% C-
53%-55.99% D+
50%-52.99% D
<50% F
At the end of the term, after reviewing the distribution of weighted scores, I will review these cut offs. There may be a reduction to one or more cut-off scores but they will not be increased.
4.1. In Class Assignments
Five (5) scheduled in-class assignments will be administered in this course. The marks for your best four (4) of these assignments will count toward your final mark in the course. These in- class assignments will be assigned, completed and collected in class. In-class assignments may include multiple choice, true/false, short problem and short answer questions. You will have 15-
4.2. Cases
For the cases, students may work together in groups of up to three (3). Students are expected to form groups on their own.
Three (3) cases will be administered in this course. The marks for your best two (2) of these cases will count toward your final mark in the course.
The due dates, 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 12 midnight on the date it is due. You are also welcome to submit your case early.
A late submission will not be accepted and will receive a mark of zero.
4.3. Exams
All exams in this course will be closed book. You will have 80 minutes to write the midterm exam and two (2) hours to write the final exam. The final exam will be comprehensive.
• Midterm–Wednesday, October 17th in our regular classroom and at our usual class-time.
• Final Exam – Wednesday, December 12th at 2:00 pm (location TBD)
Section 23.5.1 of the Calendar provides the University Regulations for the conduct of exams. At an exam, students must be able to present their student ID cards or other acceptable photo
identification. Cell phones, iPods, and other electronic devices must be turned off and put away prior to the exam.
As noted in the University Calendar “Only those items specifically authorized by the instructor may be brought into the exam facility.” For exams you will need to leave any personal electronic devices, backpacks, coats, course material, etc. at the front of the exam
location. None of these materials are allowed at your seat. Also, you are only permitted to use a non-programmable calculator in the exams.
The midterm examinations will be returned in class and you will be allowed to keep it. The final examination will not be returned.
4.4. Remarking Policy for In Class Assignments, Cases and Midterm Exam
After marked in class assignments, cases, and midterm exam papers have been returned in class, the marking 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 and the original copy (unless available on-line) must be attached.
Items submitted for appeal may be subject to an entire review. This may result in your grade being lower.
4.5. Absence from Term Work or Term Examinations
Occasionally life events occur that require a student to miss term work, term examinations, 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 Midterm examination
If you are absent from a midterm exam for a legitimate reason, please email me within two (2) days (or as soon as possible). If the midterm is missed for an acceptable reason, the weight of the midterm will be reallocated to the final exam and your final exam will be an additional hour. The additional hour will be a separate paper focusing on material covered on the midterm missed. There will be no deferred midterm exam in this course.
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, January 11th, 2019 at
10:00 am.
4.6. Final Exam Viewing and Reappraisals
If you wish to view your final exam, a time will be set (an announcement will be posted on eClass) after final grade distributions have been made. Please note that no answer key will be provided. This is not a time to ask questions about how a question should have been answered but to review for any addition errors and any marking issues.
Once final grades have been assigned, I will not change the course grade except in the case of a recording or calculation error.
For information regarding applying for a reappraisal of your final exam please see Section 23.5.4 (2) of the Calendar.
5. 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
ACCTG412TENTATIVE CLASS SCHEDULE
Cl# Dates Topics Chapters Keiso Recommended Questions
1 W Sep 5 Intro to the course
2 M Sep 10 Financial Reporting & Framework Chs 1 & 2 BE 1-15, BE 1-20, RA1-18, E2-2, E2-13 3 W Sep 12 Accounting Information System and
Measurement Chapter 3 BE3-27, BE3-28, BE3-29, BE3-32, E3-3, E3-6, E3-7 4 M Sep 17 Financial Statements (except SCF) Chs 4 & 5 E4-1, E4-3, E4-7, E4-8, E4-15, E5-2, E5-4(a), E5-5, E5-7 5 W Sep 19
Revenue Recognition Chapter 6 E6-6, E6-8, E6-13, E6-15, E6-20, E6-23 6 M Sep 24
7 W Sep 26 Cash and Receivables Chapter 7 E7-2, E7-4, E7-6, E7-8, E7-13, E7-15
8 M Oct 1 Inventory Chapter 8 E8-3, E8-9, E8-12, E8-13, E8-18, E8-19, E8-20 9 W Oct 3 Property, Plant, and Equipment Chapter 10 E10-1, E10-4, E10-10, E10-15, E10-17, E10-27
M Oct 8 No Class - Thanksgiving 10 W Oct 10 Depreciation, Impairment, and
Disposition Chapter 11 E11-3, E11-7, E11-10, E11-15, E11-21, E11-26 11 M Oct 15 Intangible Assets and Goodwill Chapter 12 E12-1, E12-4, E12-7, E12-17, E12-19, E12-21
W Oct 17 Midterm exam – during regular class time
12 M Oct 22 Current Liabilities Chapter 13 E13-2, E13-5, E13-6, E3-10, E13-15 13 W Oct 24
Investments Chapter 9 BE9-7, BE9-8, E9-4, E9-7, E9-10, E9-21, E9-24 14 M Oct 29
15 W Oct 31 Long-term liabilities Chapter 14 E14-3, E14-4, E14-6, E14-8, E14-10, E14-23
16 M Nov 5 Shareholders’ Equity & Complex Chs 15 & 16 E15-3, E15-6, E15-12, E15-14, E16-2, E16-5, E16-8, E16-13, E16-19 17 W Nov 7 Earnings per share Chapter 17 E17-2, E17-4, E17-6, E17-9, E17-11, E17-17
Nov 12-16 No Classes – Fall Reading Week
18 T Nov 19 Income Taxes Chapter 18 E18-1, E18-4, E18-7, E18-10, E18-12, E18-26
19 R Nov 21 Pensions Chapter 19 BE19-1, RA19-1, RA19-2, RA19-5
20 T Nov 26 Leases Chapter 20 E20-3, E20-8, E20-13, E20-14, E20-17
21 R Nov 28
Statement of Cash Flows Chapter 5
Chapter 22 BE 5-15, BE5-16, E5-14, E5-15, E22-3, E22-14 22 T Dec 3
23 R Dec 5 Review of key concepts W Dec 12 Final exam date– 2:00 pm
