Frederick Community College

 

ACCT 202-HYB1 INTERMEDIATE ACCOUNTING II

 

SPRING 2010

 

Class begins:

1/26/10

Class ends:

5/12/10

Last Day to Withdraw:

4/9/10

 

Instructor Information:

 

 

Name:  Brad Burtner, CPA

Office:  L101-H

E-mail:  bburtner@frederick.edu

Phone Number:  301-846-2545

Contact Hours: email and  by appointment for in-person meeting

 

Campus Mail Box #:  108

           

Course Information:

 

Credits:  4

On-campus Meetings:  15

On-campus Exams:  2

Prerequisites:  ACCT 100 & 101,                        ACCT 101 & 102, or ACCT 201 

Co-requisites:  None

Meeting Day & Time:  Tuesday 7:45 -9:50pm

 

 

 

Course Description:

 

Heavy concentration on corporate accounting with detailed discussion of stockholders’ equity items such as paid-in capital, retained earnings, dividends, treasury stock, and earnings per share.  Other topics include: Tangible and intangible plant assets, accounting changes, leases, financing activities, investing activities, financial statements, and analysis of financial statements.

 

 

Core Learning Outcomes:

 

Upon completion of this course students will demonstrate

1.  .   Prepare and solve missing variables within the stockholders’ equity element of the balance sheet

2.  Identify, measure, and analyze events and activities in accordance with generally accepted accounting principles.

3.  Identify the presentation and disclosure of financial data within the financial statements.

4.   Identify and solve for different accounting changes and errors.

5.  Identify, measure and analyze investing and financing activities.

 

 

 Instructional Methods:

 

1.  Lectures & Chalkboard Illustrations

2.  Class Participation and Discussion

3.  Problem Solving

4.  Blackboard Online Tools

 

 

 

 

 

 

 Course organization:

 

The course is a Hybrid, which is a combination of live classroom instruction with Blackboard online learning tool.  BOTH parts are an integral part of the total class.  Within Blackboard you will prepare for and complete exams, and homework assignments, there is some overlap with the live classroom instruction and Blackboard learning tool to points earned, especially for exams.  Note:  The following are the online and on-campus activities that are performed for each chapter and week during the semester.  Since they are repetitious and voluminous, they will not be repeated each week on the Topical Outline.

 

ONLINE ACTIVITY

Students should become familiar with the structure, format, and organization of the Blackboard learning tool.  The more familiar you are the more efficient you will be.  Once you know what is included in Blackboard, you can decide what works best with your learning style.

  • You need to develop notes, outlines, journal, or other resources to help you learn the concepts, including the terms.  A suggestion would be to begin with the instructor created chapter outlines and/or the instructors manual (included in course documents > course resources), and if you wish to use as is, or copy and paste and make changes.
  • Some students prefer the Power point slides (included in course documents > course resources).
  • Attempt the self tests (course documents) and test bank (course documents > course resources) questions repetitiously for each chapter.
  • The end of chapter assignments should be completed.  The solutions manual is available (included in course documents > course resources), to provide feedback and help you understand the solutions.

ON-CAMPUS ACTIVITY

During required class sessions there will be follow up question discussions and feedback, problem-solving techniques and demonstrations, and other relevant learning activities helpful for exams and projects. 

 

Students taking this course are self-learners and are motivated to complete and submit assignments on time.  I believe this on-line learning environment can be positive and enriching.  However, this requires interaction between everyone.  I expect students to solve problems among themselves.  I strongly encourage everyone to voluntary interact within the Discussion Board.  Sharing our ideas by posting threaded discussions will help all of us learn.  It is imperative you continuously work on this course.

 

 

Text(s) and Course Materials:

 

INTERMEDIATE ACCOUNTING – Principles and Analysis  2e:  by Warfield, Weygandt, and Kieso; John Wiley & Sons, Inc, 2008.  ISBN#:  978-0471737933

 

 

Progress Report:

 

By the end of the sixth week of the semester, you will have an opportunity to evaluate your progress in this course and decide if you need to make any adjustments (additional study, tutoring, conference with instructor) to assure your success in this course.

 

 

Evaluation Methods:

 

Tests / Papers / Projects

Point Value

Final Grade Scale

 

 

 

 

Exam I    Chapters 10, 11, Appendix. A, 12

100

360 – 400 points = A

Exam II   Chapters  13, 14, 15, 17

100

320 – 359 points = B

Exam III  Chapter  18

50

280 – 319 points = C

Introduction Assignment

 10

240 – 279 points = D

Project I

 50

Below 240 points = F

Project II

 50

 

Project III

 40

 

TOTAL POINTS AVAILABLE

400

 

If the graded performance for online assignments differs significantly from the grade average for proctored assignments, the instructor reserves the right to administer additional tests.

All exams and projects must be taken or turned in when scheduled unless prior notification is received and approved.  Failure to notify the instructor in advance may result in penalties being assessed at the instructor's discretion.  Exams are taken on Blackboard and graded immediately.  Projects will be graded within one week of submission.

 

 

Student Services

 

A variety of services are available to assist students in succeeding at FCC. Students can learn more about these services by visiting the Student Services web page: http://www.frederick.edu/student_services/index.aspx.

Students with disabilities who are in need of accommodations or who have questions related to disabilities services should contact the Services for Students with Disabilities (SSD) office at 301-846-2408. Students can learn more about these services by visiting the Services for Students with Disabilities web page: http://www.frederick.edu/student_services/disability.aspx.

 

 Participation Policy:

 

To maintain the highest quality of academic work, students are expected to participate fully in all course activities. Each student is expected to attend all class sessions and complete all online assignments.

In case of serious illness, emergency, religious holidays, or participation in official college functions, students remain responsible for completing the requirements of the course. 

 

 

 Email Policy:

Please notify me immediately of any change in E-Mail address.

Email is an instructional tool essential to student-instructor and student-student communication. In the Blackboard environment by default, your email address is available to all students in this course.

However, students are permitted to use email addresses of other students in this course only for the purpose and the duration of this course.

Students who are concerned about the privacy of their personal email address are reminded of commercially available products that allow them to create unique email addresses specifically for the purpose and duration of this course.

The instructor can be expected to respond to regular student email inquiries (grades, posted assignments, and tests excluded) within the time frame of 24 to 48 hours.

 

Academic Integrity:

 

Work in this course is subject to the provisions of the FCC Code of Academic Integrity. Plagiarism in any form will not be tolerated. As a student, it is your job to practice academic honesty at ALL times.  Make sure that all sources, particularly Internet sources, get proper credit for quotations, paraphrases, and ideas. More information about this and the Student Conduct Code are available at http://www.frederick.edu/student_services/studentpolicies.aspx

 

You must send your Academic Integrity Pledge to the instructor. The form is available at http://courses.frederick.edu/_utilities/regform.htm

 

           Students with Disabilities

FCC provides reasonable accommodations to otherwise qualified students with disabilities in accordance with the Americans with Disabilities Act of 1990 (ADA) and Section 504 of the Rehabilitation Act of 1973 (Section 504) and amendments.  Students with disabilities who are in need of accommodations must contact the Services for Students with Disabilities (SSD) office at 301-846-2408 (A Building, Room 106A) in order to request and apply for services.  The SSD office will require appropriate documentation of a disability.  Questions related to accommodations or services can be directed to the SSD office.  Additional information related to services can be viewed at the following FCC web page:  http://www.frederick.edu/student_services/disability.aspx. 

If you currently receive services from the SSD office, please submit your Student Success Plan to me and make an appointment with me to discuss your accommodations and needs in class.  I will hold any information you share with me in strict confidence unless you give me permission to do otherwise.

 
Topical Outline

 

Week

Subject &

Content

ONLINE ACTIVITY

ON-CAMPUS ACTIVITY

 

1

 

Chapter 10-Accounting For Property, Plant, And Equipment

Acquisition and Valuation of Property, Plant, and Equipment

Costs Subsequent to Acquisition

Use of Property, Plant, and Equipment

Dispositions of Plant Assets

Presentation and Analysis

Interest Capitalization

See Course Organization above.  This cross-reference will not be repeated each week.

See Course Organization above.  This cross-reference will not be repeated each week.

2

Problem –solving:

Exercises: 10-9,11,13,15,22, 24, & 27

Problems:  10-1, 5, & 9

 

Chapter 11-Intangible Assets

Intangible Asset Issues

Categories of Intangible Assets

Impairments

Research and Development Costs

Presentation of Intangibles and Related Items

 
 

3

Problem –solving:

Exercises: 11-1,2,14, & 20

Problems:  11-2, & 6

 

Appendix A-Accounting and Time Value of Money

Applications of Time Value Concepts

The Nature of Interest

Simple vs. Compound Interest

Fundamental Variables

Single-Sum Problems

Annuities

 

 

4

Problem-solving:

Exercises: EA-1,3,8,10, & 12

Problems: PA-1,2, & 5

Chapter 12- Accounting for Liabilities

Nature and Classification of Liabilities

Current vs. Long-term Liabilities

Accounting for Bonds

Contingencies

Off-Balance-Sheet Financing

Presentation and Analysis

 

Project I

5

Problem-Solving:

Exercises: 12-1,3,4,6,11,13, & 21

Problems: 12-3,6, & 10

 

Project I Deadline

 

***

Chapters 10, 11, Appendix A, & 12

 

Exam I will be taken in the FCC Testing Center, within Blackboard.

6

Special Note:  Be sure you are aware of your progress at this point of the semester.

 

Chapter 13- Stockholders’ Equity

The Corporate Form

Corporate Capital

Preferred Stock

Dividend Policy

Presentation & analysis of Stockholders’ Equity

 

 

 

7

 

 Problem-solving:

Exercises: 13-1,3, 4,7,11,16, & 21

Problems: 13-1, 4 & 8

 

Chapter 14- Investments

Investment in Debt Securities

Investment in Equity Securities

Financial Presentation of Investments

Impairment in Value

Transfers between Categories

 

 

 

Project II

8

Problem-solving:

Exercises: 14-1,7,9, 10, 15, 16, & 17

Problems: 14-6, 7,  & 8

 

 

 

9

Chapter 15- Accounting for Income Taxes

Fundamentals of Accounting for Income Taxes

Accounting for Net Operating Losses

Financial Statement Presentation

Review of the Asset-Liability Method

 

 

10

Problem-solving:

Exercises:  15-1,6,7, & 9

Problems:  15-4 & 5

Project II Deadline

 

 

Last date to drop the class or switch to audit

 

 

 

11

 

Chapter 17- Accounting for Leases

Advantages of Leasing

Accounting by Lessee

Accounting by Lessor

Special Issues

 

 

 

12

Problem-solving:

Exercises: 17-2 & 5

Problems: 17-1,2,3, & 4

 

Project III

***

Chapters 13, 14, 15, & 17

 

Exam II will be taken in the FCC Testing Center, within Blackboard.

 

13

Chapter 18- Additional Reporting Issues

Reporting Accounting Changes

Changes in Accounting Principle

Changes in Accounting Estimate

Reporting a Correction of an Error

Reporting Earnings Per Share

Simple Capital Structure- Basic EPS

Complex Capital Structure- Diluted EPS

 

 

 

 

 

 

 

Project III Deadline

 

14

Problem-Solving:

Exercises: 18-1, 2, 8, 9, 15, 16, 23, & 24

Problems:  18-2 & 6

 

 

***

Chapter 18

EXAM III will be taken on your computer.

 

 

15

Chapter 18- Final Review

 

 

***

Make-up class if necessary

 

 

 

 

NOTE:  Your instructor reserves the right to make changes to this outline as needed.