ACCTG 415 – Summer 2009 Intermediate Financial Accounting II
Instructor: Kent Greaves, CA Phone No.: 780-217-7497 E-Mail: [email protected]
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Office Hours: by appointment
July 6 – August 12, 2009
Please post your questions on the discussion board (https://ulearn.ualberta.ca). I will answer all questions posted there within 48 hours.
Due to Internet security issues, please send all e-mail correspondence from your University of Alberta account and do not include any file attachments. Please also include “Accounting 415” in the subject headline.
Prerequisite: ACCTG 414 with a minimum grade of C-.
Required Materials:
• Kieso, D. E., J. J. Weygandt, T. D. Warfield, N. M. Young, and I. M. Wiecek (2007). Intermediate Accounting, 8th Edition, Volume 2. Mississauga: John Wiley & Sons Canada, Ltd.
• Accounting 415 Course Package – download from Ulearn.
Supplemental resources:
• Kieso, D. E., J. J. Weygandt, T. D. Warfield, N. M. Young, and I. M. Wiecek (2007). Intermediate Accounting, 8th Edition, Volume 1. Mississauga: John Wiley & Sons Canada, Ltd.
• http://www.wileyplus.com
You will need to register at: (fill in) the first time you visit the web site. There is a short video showing you how to register at: http://www.wiley.com/college/twomin/stu/register.html
Course Description:
This course is designed to develop an understanding of the concepts on accounting for financing, liabilities and equity, and related income measurement and disclosure with an in-depth examination of complex measurement issues. This course builds on materails learned in previous financial accounting courses including Accounting 311 and Accounting 414. Both 414 and this course will provide you with the necessary foundation for into a
professional designation programs such as MPAcc, CASB, CMA or CGA.
Time Commitment:
This course is demanding and challenging. Please plan on spending 16 to 20 hours a week outside class time, so
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where you have difficulties and refer back to the lecture notes or textbook materials to refine your understanding of the concepts. If you still run into problems, you can either post your questions on the discussion board or stop by my office during my office hours.
This is a difficult course.
For each topic covered, there will be two or three lectures that will progressively cover more difficult and technically challenging material. If you don’t understand the earlier material you WILL NOT be able to understand the later lectures. In the past, students who failed to keep up with the course materials throughout the semester did very poorly in the exams. Please raise questions at an early stage – either in class or during my office hours, or simply post them on discussion board.
Projects and Exams:
Your grade will be determined based on the following components:
Mid-term Exams (two in class) 25% each = 50%
Term project 15%
Final Exam (See schedule below) 35%
All projects and exams are designed to test your understanding of the concepts you need to learn rather than your ability to memorize and regurgitate. As a result, all questions in the exams will be slightly different from the class discussion questions and the self studied questions. All exams are closed book. You will have 120 minutes to write each mid-term exam, and three hours to write the final exam. You are responsible for all assigned materials, including handouts, articles posted on Blackboard, and any additional material introduced in class unless I have explicitly excluded it.
Exam coverage:
Midterm 1 (July 20, 2009) Chapters 13, 14, 15, 16
Midterm 2 (August 5, 2009) Chapters 17, 18, 19, 22
Final Exam (TBD: August 13 or 14, 2009) Cumulative
The final exam is cumulative, which means that all course material is examinable. All exams will be held in the regular classroom scheduled for the semester.
Please bring your student ID card or other acceptable photo identification on the day you write an exam.
Absence from Exams
Absence from an examination will be treated as a score of zero unless documented evidence of illness or a family crisis is provided within one week of an examination and five days of the final examination. In the event that an examination is missed for acceptable reasons, no make-ups will be given. Instead, the credit assigned to the missed work will be reallocated to the final examination.
Once you have written an exam, grades will not be reallocated due to explanations given after the fact. Therefore, if you are too ill to write an exam, please obtain a doctor’s note and do not attempt the quiz or the exam.
If a student is absent from the final exam, he or she must obtain permission from the Faculty’s Undergraduate Office to write a deferred final exam. Please note that conflicts with CASB requirements and/or recruiting will not result in rescheduling of any exams. If a deferred final exam is required for this course, it will be held on
Monday, August 17th, 2009, 18:00 (Location TBA).
Term project:
You will be required to team up with two other students (three students per group) to complete the term project.
Each individual in a group will receive the same grade for the term paper. When you complete the term project, please make sure that you have done sufficient research on the topic and that you substantiate your arguments and positions based on a sound understanding of how accounting relates to the particular facts and issues are
addressed in the paper.
A list of your group members are due as indicated in the class schedule below.
Course Grades:
Please note that the University average grade distribution is based on all courses across campus including courses of varying levels of difficulty. Traditionally, the median (mean) grades in the courses in the AMIS department are lower than the University average. As a result, the distribution of grades in this course will not necessarily coincide exactly with the University average distribution. In the past several years, the mean grade in this course has been B-.
4 T ENTATIVE C LASS S CHEDULE:
Date Topic Readings* Assignments
M Jul 6 Intro. & Current Liabilities
CICA HB: 1510 Chapter 13 E13-6, E13-9, P13-6, P13-7, P13-12
,
BE13- 21, BE13-22, P13-9, P13-16M Jul 6 Long-Term Liabilities Chapter 14 E14-13, P14-9, E14-11, E14-12, E14-15 W Jul 8 CICA HB: 3210, 3280, 3290 Chapter 14 E14-16, E14-19, E14-23, P14-4, P14-5,
CPQ14-1, CPQ14-2, CPQ14-3
W Jul 8 CICA HB: 3240, 3251 Chapter 15
BE15-4, BE15-14, BE15-15, E15-1
M Jul 13 CICA HB: 3240, 3251 Chapter 15E15-3, E15-7, P15-4, P15-5, P15-7, P15-
9, P15-12, P15-14
M Jul 13 Financial Instruments Chapter 16
BE16-1, BE16-2, BE16-3, BE16-4
W Jul 15 Group member list dueW Jul 15 Financial Instruments CICA
HB: 3855, 3861 Chapter 16
BE16-7, E16-5, E16-11, E16-13, E16-15, P16-1, P16-3, P16-10, CPQ16-1,CPQ16-2
M Jul 20 Midterm #118:00 20:00; class will follow
M Jul 20 Statement of Cash Flows Chapter 22 BE22-1, E22-1, E22-10, E22-19, E22-21 W Jul 22 Earnings Per Share: CICA
HB: 3500 Chapter 17
E17-6, E17-9, P17-3,
P17-4, P17-5, P17-9, CPQ17-1, CPQ17-2, CPQ17-3M Jul 27 Accounting for Income Taxes
CICA HB: 3465 Chapter 18
E18-1, E18-2, E18-3, E18-26, E18-35, P18-1, P18-2, P18-8, P18-5, P18-7, P18-11, P18-12, E18-25, CPQ18-1
W Jul 29 Pensions: CICA HB: 3461 Chapter 19
E19-1, E19-2, E19-11, E19-12, E19-13, E19- 14, E19-16, E19-17, E19-20, P19-3, P19-5, P19-7, P19-9, P19-10
F Jul 31 Term Project due W Aug 5 Midterm #2
18:00 20:00; class will follow
W Aug 5 Leases CICA HB: 3065 Chapter 20
E20-11, E20-12, E20-19, P20-1, P20-2, P20-4 P20-5, P20-6, P20-9, E20-12
M Aug 10 Leases CICA HB: 3065 Chapter 20P20-13, P20-16, P20-17
W Aug 12 Restatements (CICA HB:
1506) Chapter 21
E21-5, E21-6, E21-10, E21-11, E21-12, E21-13, E21-14, E21-18, P21-2, P21-6, P21-10, E13-16, P16-2
W Aug 12 Review for exam
W Aug 12 FINAL EXAM
Time: 18:00 (Location TBA)
Planned in-class problems are in bold type. The solution for any questions not covered in class will be provided on Blackboard. The solutions to the remaining self-study problems have been included in your course package.
* For each topic, students are expected to read the notes in the course package prior to class.
P13-12
