UNIVERSITY OF ALBERTA SCHOOL OF BUSINESS
DEPARTMENT OF ACCOUNTING,OPERATIONS AND INFORMATION SYSTEMS
Accounting 412
Introduction to Accounting for Management Decision Making Syllabus
FALL 2012
Instructor: Patricia (Trish) Stringer, CMA, CA Classes
Office: Bus 1-27B A1: MW 2:00 pm-3:20 pm (BUS 1-10)
Office Hours: TR 11:15 am to 12:15 pm or by appointment
E-mail:
1. Course Description and Objectives
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).
Prerequisite: Accounting 311. Corequisite: Finance 301. Not open to students with credit in Accounting 414.
2. Evaluation
Your grade in this course will be based on the marks you obtain on seven (7) quizzes, one (1) seventy- five (75) minute midterm exam, and a (2) two-hour comprehensive final exam. These marks will be weighted as follows to determine your percentage mark in the course:
Quizzes 10%
Midterm Exam (Wednesday, October 24th, 2012) 40%
Final Exam (tentatively - Monday, December 17th, at 2:00 pm) 50%
Total 100 %
Letter grades will be assigned to the percentage marks in accordance with University Regulations [Section 23.4(4) of the University Calendar]. Grades in this course will be based on a combination of absolute achievement and relative performance.
These grades represent the only marks available to students. No additional work or extra credit is available.
2.1.
All exams in this course will be closed book. You may use a non-programmable calculator. You will have seventy-five (75) minutes to write the midterm exam and two (2) hours to write the final exam.
The final exam will be comprehensive.
Exams
• Midterm Exam – Wednesday, October 24th, 2012 during regular class time
• Final Exam – Tentative Date: Friday, December 17th at 2:00 pm (location to be announced)
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 (the only permitted electronic devices are non-programmable calculators).
Accounting 412 Syllabus – Fall 2012 2 2.1.1.
If you are absent from the midterm exam for a legitimate reason, you are required to inform me in writing as soon as possible (email is acceptable) explaining the nature of your difficulty.
I may require proof supporting your stated reason for missing the midterm. If the midterm is missed for an acceptable reason, a deferred midterm will be arranged for you (usually within one week of the original midterm date.)
Absence from Exams
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.
2.1.2.
After marked quizzes and midterm exam papers have been returned, the answer key will be posted on ulearn or taken up in class. Students should review the marking carefully and bring to my attention any questions about your marks as soon as possible.
Remarking Policy for Quizzes and Midterm Exam
No remarking requests will be accepted more than one week after
2.1.3.
the results have been made available. All appeals must be in writing and the original copy of the exam or quiz (unless available on-line) must be attached.
For information regarding applying for a reappraisal of your final exam please see Section 23.5.4 (2) of the Calendar.
Final Exam Viewing and Reappraisals
2.2.
Eight (8) scheduled quizzes will be administered in this course via Ulearn. The marks for your best seven (7) of these eight (8) quizzes will count toward your final mark in the course. The tentative quiz schedule is as follows:
Quizzes
Quiz#
Due Date
Tentative Topics (@ 1:59 pm)
1 Sept 17, 2012 Chapters 1, 2& 3
2 Sept 24, 2012 Chapter 4
3 Oct 1, 2012 Chapters 5 & 6 4 Oct 15, 2012 Chapters 7 & 8
5 Nov 5, 2012 Chapter 13
6 Nov 19, 2012 Chapters 14 & 15
7 Nov 26, 2012 Chapter 17
8 Dec 3, 2012 Chapter 18
More information will be posted in the quiz section on Ulearn. Online quizzes are available from Wednesday afternoon at 3:30pm until the due date time on Monday afternoon at 1:59 pm. For each quiz, you will have 2 attempts, and only the better will count; 15 minutes maximum for each attempt. If you go over the 15 minutes your score will be reduced to zero. Each quiz may cover material from the previous lecture(s) and chapter recommended questions assigned. There will be no opportunity to make up a quiz.
Accounting 412 Syllabus – Fall 2012 3 3. Course Materials and Activities
3.1.
Intermediate Accounting (Ninth Canadian Edition) Volumes 1 and 2 by Kieso, Weygandt, Young,
& Wiecek (Wiley).
Textbook
These are two separate texts that we will be using. They are not required. They are also the texts used for ACC414 and ACC415. They are available in different formats:
• Purchasing an on-line version of both texts with the other on-line materials Kieso WileyPLUS Standalone for Volumes 1 & 2 – 9780470942284 You can register for this at:
• Purchasing physical texts together: Kieso Intermediate Accounting 9th Edition Volumes 1 & 2 texts with WileyPLUS – ISBN 9780470681329
• Purchasing downloadable etexts. These are 2 separate etexts – one for each volume:
o Kieso Volume 1 Desktop Edition (downloadable etext) with WileyPLUS - ISBN:
o Kieso Volume 2 Desktop Edition (downloadable etext) with WileyPLUS - ISBN:
3.2.
You will be able to obtain lecture notes and related materials from Ulearn at Ulearn
Ulearn also provides a web forum (Discussion Board) for posting questions. Questions regarding recommended problems, quizzes, etc. will be answered in this forum
3.3.
Our classes will be a combination of lectures and discussions of problems. Most of the concepts and techniques taught in this course are best illustrated and learned through problem solving. Therefore, we will analyze many problems in class. Solutions to problems done in class will not be released on Ulearn.
In-class Activities
3.4.
Following the lectures on a particular topic, you should work on the recommended questions from the textbook. The recommended questions for each chapter are identified in the attached class schedule.
You can check your answers against the solutions posted on Ulearn.
Out-of-class Activities
4. 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
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.
5. Other
Recording of a lecture is permitted only with the prior written consent of the professor or if recording is part of an approved accommodation plan.
Policy about course outlines can be found in Section 23.4(2) of the University Calendar.
Accounting 412 Syllabus – Fall 2012 4 TENTATIVE CLASS SCHEDULE
Class# Dates Quizzes
Due Topics Readings In Class Questions Recommended Questions
1 W Sep 5 Introduction to the course
2 M Sep 10 Financial Reporting and Framework Chapters 1 & 2 E2-4, E2-7 E2-5, P2-2
3 W Sep 12 The Accounting Information System Chapter 3 E3-12, E3-13, E3-17 E3-1, E3-5, E3-16, E3-17, P3-3, P3-9 4 M Sep 17 Q1 Reporting Financial Performance Chapter 4 E4-10, E4-11, E4-13 E4-2, E4-5, E4-14, E4-15
5 W Sep 19 Financial Position and Cash Flow Chapter 5 E5-5, E5-13, P5-6 E5-4(a), E5-8, E5-15, E5-16, P5-2, P5-5 6 M Sep 24 Q2 Revenue Recognition Chapter 6 E6-10, E6-14, E6-23 E6-2, E6-11, E6-12, P6-6, P6-9
7 W Sep 26
Cash and Receivables Chapter 7 E7-2, E7-12, E7-14,
E7-25 E7-1, E7-8, E7-15, E7-26
8 M Oct 1 Q3
9 W Oct 3 Inventory Chapter 8 E8-3, E8-7, E8-14 E8-1, E8-4, E8-12, E8-16, E8-17, E8-18
M Oct 8 Thanksgiving Holiday – No Classes 10 W Oct 10
Investments Chapter 9 E9-2, E9-7, E9-13,
E9-22, E9-24 E9-4, E9-9, E9-21, E9-23 11 M Oct 15 Q4
12 W Oct 17 Property, Plant & Equipment Chapter 10 E10-3, E10-16 E10-1, E10-4, P10-12 13 M Oct 22 Depreciation, Impairment and Disposition Chapter 11 E11-6, E11-26 E11-7, E11-25, E11-27
W Oct 24 Midterm Exam - regular classroom and class time 14 M Oct 29
Non-Financial and Current Liabilities Chapter 13 E13-2, E13-13,
E13-16 E13-1, E13-17, P13-1
15 W Oct 31
16 M Nov 5 Q5
Long-term Financial Liabilities Chapter 14 E14-2, E14-7,
E14-14 E14-8, E14-9, E14-17, E14-19 17 W Nov 7
M Nov 12 Holiday – No Classes
18 W Nov 14 Shareholders’ Equity Chapter 15 E15-3, E15-6,
E15-16, E15-17 E15-1, E15-7, E15-8, E15-15, P15-11 19 M Nov 19 Q6
Earnings Per Share Chapter 17 E17-6, E17-13,
E17-14 E17-3, E17-8, E17-12, E17-15 20 W Nov 21
21 M Nov 26 Q7 Income Taxes Chapter 18 E18-3, E18-14 E18-1, E18-5, E18-13
22 W Nov 28
Leases Chapter 20 E20-2, E20-5,
E20-14, E20-17
E20-1, E20-4, E20-6, E20-12, E20-13, E20-16, E20-18
23 M Dec 3 Q8
24 W Dec 5 Review of key concepts
M Dec 17 Tentative Final exam date– 2:00 pm