ACTG 302 Intermediate Accounting II
Spring 2010
College of Business
Montana State University-Billings
Instructor: Dr.
Barbara Wheeling
Location: MCD 215
Office: MCD 255
Time: 3:40-5:10TTh
Phone: 657-1756
Email:
barbara.wheeling@msubillings.edu
Office Hours:
10:00-12:00 MW, 1:00-3:00 TTH, and by appointment or just drop by.
Course Description: In this course you have an opportunity for an in-depth study of accounting for long-term capital assets, investments, derivatives, current liabilities, bonds and long-term notes, shareholder equity, compensation plans, and earnings-per-share. This helpful instruction can be applied in the audit or preparation of financial statements for companies in the United States. You will also learn about differences between US GAAP and IFRS on these topics.
Course Objectives: At the end of this course, you will have learned how to do the following for given business situations according to generally accepted accounting principles:
| To perform accounting procedures for the acquisition, utilization, and disposition of long-term assets (Chapters 10 and 11) |
| To explain, identify and account for different classes of investments and derivatives (Chapter 12 and Addendum) |
| To account for current liabilities, the issuance of notes, and contingencies (Chapter 13) |
| To account for bonds, early retirement of debt, and troubled debt restructuring (Chapter 14) |
| To account for the issuance of shares, the repurchase of shares, and dividends (Chapter 18) |
| To demonstrate the accounting for compensation plans and the calculation of earnings-per-share (Chapter 19). |
College of Business
Learning Goals: The faculty in
the
The College of Business
is dedicated to developing business professionals by offering a quality
undergraduate business administration degree that integrates theory and
practical experience. We value
excellent instruction and emphasize student educational growth through close
interactions between students and faculty.
We emphasize basic business disciplines, and focus on developing
integrated competencies in communication, critical and creative thinking,
quantitative skills, and the effective use of information technology.
We foster understanding of ethical practices and the significance of
globalization to enable our students to compete regionally and nationally in a
dynamic global environment.
In addition to the course objectives stated above, this course addresses the following learning goals:
· Learning Goal 1: Oral and written communication You will benefit from participating in class exercises and discussions. You are invited to come to class prepared to participate in class discussions and ask questions if you do not understand something. Feel free to ask questions! You are required to complete writing assignments to prepare yourself for professional written communication.
· Learning Goal 2: Critical and creative thinking One of the writing assignments emphasizes critical thinking skills by requiring you to analyze a situation and justify your response.
· Learning Goal 3: Quantitative skills The entire course builds and enhances your ability to perform quantitative techniques.
· Learning Goal 4: Ethics One of the writing assignments is an ethical case that will ask you to analyze and respond to the situation.
· Learning Goal 5: Information technology The use of technology is not emphasized in this class. However, you are invited to use the textbook website to assist you in your study.
· Learning Goal 6: Globalization The global issues addressed in this class pertain to International Financial Reporting Standards, on which you will be tested.
Prerequisites: ACCT 233, 234, and 301 or equivalent courses.
LEARNING AIDS
Also recommended:
IFRS 2009: Interpretation and Application
of International Financial Reporting Standards.
Learning aids:
Tutoring:
1. On-line tutoring is available through the website indicated above.
2. Accounting Help Lab in McDonald Hall.
REQUIREMENTS FOR SUCCESS
Homework:
Exercises and problems in the textbook are assigned to help you practice
the technical knowledge of the material and prepare for exams. The solutions to
the homework are provided on the Desire2Learn website. Because many students
learn by doing, you are strongly encouraged to practice these exercises and
problems in the following manner:
o
Work on them after they have been discussed in class and you have read the
chapter. You may want to study the learning aids also.
o
Start on the problem. When you get stuck or are unsure of your procedures, check
the solution.
o
Then start the problem again from the beginning. Repeat until you can complete
the problem from beginning to end without looking at the solution.
In addition to
practice problems, you will be assigned homework that is graded on completion.
The schedule for these assignments will be announced throughout the semester.
o
Each assignment is worth 5 points each.
o
Ten homework assignments will be graded, for a total of 50 points for homework.
Writing
assignments:
Written assignments are helpful for enhancing your communication skills.
Your written assignments will be graded according to a rubric which will be
available to you at least a week before the assignment is due.
 |
All writing assignments must be typed, double-spaced, with 12-point
font. Penalties will be given
if this format is not followed. | ||||
|
Papers are due at the beginning of class when called for.
Substantial penalties will be given for late papers.
| ||||
|
Maximum possible points for each writing assignment is 25 for a total of
50 points possible for writing assignments. | ||||
|
For some of the writing assignments, you will prepare the document
according to specified format (memo, letter, or essay).
Please refer to the relevant chapter in the
“Effective Writing”
book for guidelines on the requested format. | ||||
|
Guidelines concerning sources of information, plagiarism and
documentation are given in Chapter 8 in “Effective Writing”.
| ||||
|
Guidelines on grammar and clarity that will be used to grade your
writing assignments include the following points found in the “Effective
Writing” book:
| ||||
|
Please take time to read this book. |
Quizzes:
Daily quizzes will be administered to test your knowledge of the
material.
|
Each quiz is worth 6 points for a total of 114 points. (14 points of extra
credit.) |
|
The quizzes are closed book and closed notes quizzes |
Class exercises:
Various exercises in class will be occurring throughout the semester for
additional credit (50 points).
Exams:
You will take four exams during the semester and a comprehensive final exam.
|
Exams are closed book and closed notes exams.
|
|
If you have an “A” average you are not required to take the final exam.
Everyone without an “A” will take the final exam.
The score on the final exam will replace the lowest score from the
first four exams, regardless of whether the final exam score is higher or
lower than the lowest score of the first four exams.
|
|
Each exam is worth 100 points each, for a total of 400 points for exams.
|
Breakdown:
Exams……………………………………………..….. 400 points
Quizzes….…………………………………….……... 100 points
Homework………………………………………………50 points
Writing assignments…………………………………....50 points
Class exercises…………………………………………50 points
Total
650 points
Grades will be
assigned according to the following schedule:
A = 90%+
B = 80-89%
C = 70-79%
D = 60-69%
F = <60%
POLICIES
Attendance and Makeup Policy:
You are advised to attend every class period.
You are responsible for everything that is covered in class, even if you
are absent, including assignments.
|
If you know in
advance that you will be absent from class, for any reason, you are asked to
make every effort to contact the instructor
BEFORE class.
Failure to do so may result in a zero grade for anything missed on the day
that you were absent. Making up quizzes and exams will be decided on a case
by case basis. You are required to turn in the assignment before class, via
email or other means. |
|
In the case of an emergency, you are asked to make every effort to contact
the instructor. |
|
All assignments are due at the beginning of the class period when called
for.
Substantial penalties will be given
for late papers. |
Cell phones:
Please turn off all cell phones during class time so that they will not disturb
other students.
1.
Cheating—using or attempting to use unauthorized materials, information, study
aids, or computer-related information.
[NOTE: This means that you are not allowed
to copy another student’s work or get another person to do your homework or
written papers for you.]
2.
Plagiarism—representing the words, data, words, ideas, computer program or
output, or anything not generated in an authorized fashion as one’s own.
[See pages 132-133 in the “Effective Writing” book.]
3.
Fabrication—presenting as genuine any invented or falsified citation or
material.
4.
Misrepresentation—falsifying, altering, or misstating the contents of documents
or other materials related to academic matters, including schedules,
prerequisites, and transcripts.
When academic dishonesty occurs or is alleged to have occurred or when
misconduct of a behavioral nature occurs in the classroom, the instructor has
the right and obligation to take appropriate action, which may include a
reprimand, a grade of “F” for the assignment or test, or a grade of “F” for the
course.
2. Documents for this course, such as the
syllabus and solutions for exercises and problems, will be available on
Desire2Learn. Lecture recordings will also be posted on D2L.
3. Emails. My intention is to answer emails
before the end of the day, Monday through Friday. I will not likely answer
emails after 4:00 pm or on the weekends.
4. Grades will be posted on Desire2Learn. My
intention is to return homework and writing assignments in the first class
period following the due date for the assignment. Grades will generally be
posted before the assignments are handed back, so you may check your grades
before then.
CLASS SCHEDULE
1/19
Chapter 10
Read: Chapter 10
1/21
Chapter 10
Quiz1
1/26
Chapter 10
Quiz2
1/28
Chapter 11
Read: Chapter 11
Quiz3
2/2
Chapter 11
Quiz4
2/4
Chapter 11
Writing Assignment: Exercise 7-3 in “Effective Writing”
Quiz5
2/9
Exam 1 (Chapters 10-11)
2/11
Chapter 12
Read: Chapter 12
Quiz6
NOTE: Attend Career Fitness Fair today
2/16
Chapter 12
Quiz7
2/18
Chapter 12
Quiz8
2/23
Addendum
Read: Addendum
Quiz9
2/25
Addendum
Quiz10
3/9
Exam 2 (Chapters 12 and Addendum)
3/11
Chapter 13
Read: Chapter 13
Quiz11
3/16
Chapter 13
Quiz12
3/18
Chapter 14
Read: Chapter 14
Quiz13
3/23
Chapter 14
Quiz14
3/25
Chapter 14
Quiz15
3/30
Exam 3 (Chapters 13-14)
4/6
Chapter 18
Read: Chapter 19
Quiz16
4/8
Chapter 18
Quiz17
4/13
Chapter 19
Writing Assignment: Case 14-1 in textbook
Quiz18
4/15
Chapter 19
Quiz19
4/20
Exam 4 (Chapters 18-19)
4/22
Review for final exam
4/29 (10:00-11:50) Final Exam
