Syllabus/Class Overview Template
Required Components
General Class Information
Instructor Name and Contact Information:
Leon W. Hutton, CPA, CGFM, SPHR
Email: lwh7n@virginia.edu or Leon.Hutton@cox.net
Cell Phone: 703-447-6971
Subject Area and Catalog Number: ACCT 3110
Year and Term: 2014 Fall
Class Title: Intermediate Accounting I
Level (Graduate or Undergraduate): Undergraduate
Credit Type: Credit
Class Description (Use the SIS 400 characters from catalog description):
An intensive study of the generally accepted accounting principles for asset valuation,
income measurement, and financial statement presentation for business organizations,
and the processes through which these principles evolve. Prerequisite: ACCT 2020
Introductory Accounting II.
Required Text (Include ISBN, specific edition):
Intermediate Accounting, 7th Edition, Spiceland, Sepe, Nelson (Irwin/McGraw Hill, New
York, Copyright 2013), ISBN: 978-0-07-744649-9 (Chapters 1 – 12)
ISBN: 978-0-07-761404-1 (combined edition)
Recommended but not required: Student Study Guide
We will not use “Connect” with this course.
Learning Outcomes:





Demonstrate understanding of concepts underlying the accounting for major asset groups,
especially current assets, investments and revenue recognition. Demonstrate an understanding
of the single and multiple step Income Statement, and Statement of Cash Flows
Analyze accounting problems and apply appropriate accounting procedures for current asset
groups
Use FASB Codification to answer basic research questions
Communicate accounting information clearly, concisely and accurately
Identify significant differences between U.S. and international accounting standards for current
asset groups, the income statement, and statement of cash flows.
June 2014
Assessment Components:
 3 Examinations (30 points each)
 Level and Quality of Participation (participating in class
discussions, asking contemplative questions on class discussions,
student presentations, attendance)
 Homework
90%
5%
5%
Examinations
All scheduled examinations will be held in our classroom and will begin at regular class
time. Each examination has a 3 hour time limit. Each examination is closed book and
closed notes. You are expected to be present and to complete each exam on each date
identified in the Course Schedule.
Delivery Mode Expectations:
This course is instructor-led, lecture format, face-to-face delivery mode. Class will meet
weekly on Wednesday nights from 6:30PM to 10PM, from September 3 to December 10.
No class meeting on October 15 or November 26. Regular attendance at all classes is
expected.
Required Technical Resources and Technical Components:
Active UVa Computing ID and password to access the Student Information System
(SIS). Technical support contact for login/password: email
SCPSHelpdesk@virginia.edu.
Class Specific Information
Class Instruction and Activities:
This course will use a combination of lecture/discussion and problem solving. Since this
class is quantitative in nature, preparation is always important. Prior to each class,
students are expected to have completed the assigned reading. Lectures may not cover
every topic in detail. I encourage each student to also review and attempt to complete
the assigned problems. We will cover each assigned problem in detail during class.
The assigned problems are identified in the Course Schedule. Please participate in
class by asking questions and/or making observations.
In addition, we will discuss, as appropriate, cases illustrating technical issues related to
accounting practices, policies, and standards. These cases may be pulled from current
events as published in newspapers such as The Wall Street Journal, Washington Post,
professional journals such as The Journal of Accountancy, and monthly journals issued
by professional organizations such as the Virginia Society of CPAs. As a course
requirement, each student should identify, summarize and present information about one
relevant article or event during the semester - further details will be discussed at the
beginning of the semester.
FASB Codification Student Access: http://aaahq.org/ascLogin.cfm
Student Access
Username - AAA53195
Password – G6Y3dpF (Sep ‘14 – Sep ‘15)
June 2014
Useful Websites:
AICPA www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/HowToPrepare/Downloada
bleDocuments/New_2011_CPA_exam_guide_to_CBTe.pdf
http://www.aicpa.org/BecomeACPA/CPAExam/Pages/CPAExam.aspx
Class Requirements:
Regular attendance at all classes and class participation are expected. Class
participation and timely submission of assignments will be considered for grading
purposes.
Students are expected to have completed assigned reading prior to each class.
Students are encouraged to review and attempt to complete assigned problems.
Evaluation Standards and Assessments:
Course Grading:
 3 Examinations (30 points each)
 Level and Quality of Participation (participating in class
discussions, asking contemplative questions on class discussions,
student presentations, attendance)
 Homework
90%
5%
5%
All scheduled examinations will be held in our classroom and will begin at regular class
time. Each examination has a 3 hour time limit. Each examination is closed book and
closed notes. You are expected to be present and to complete each exam on each date
identified in the Course Schedule.
Grading Scale:
90-100 points = A
80-89 points = B
70-79 points = C
60-69 points = D
Below 60
=F
The following illustrates how your examination scores, outside case and level and quality
of participation will be used to compute your final course grade. Assume that you score
90 on each of the three examinations. Your final grade will be computed as follows:
90 + 90 + 90 = 270 /3 = 90 * .75 weight = 67.5
67.5 + 10 (level and quality of participation) + 5 (HW #1) + 10 (HW #2) = 92.5
The final course grade, for this illustration, is “A”.
June 2014
Class Schedule:
Class
Date
Topic
1
Sep 3
2
Sep 10
3
Sep 17
4
Sep 24
Introductions,
Chapters 1 and 2: The Environment and
Theoretical Structure of Financial
Accounting (1);
Review of the Accounting Process (2)
Chapter 3: The Balance Sheet and
Financial Disclosures
Chapter 4: The Income Statement and
Statement of Cash Flows
Chapter 5: Income Measurement and
Profitability Analysis;
Assignment – Homework
assignments will be
provided at the first class
session
Review for Exam #1
5
Oct 1
6
7
Oct 8
Oct 15
Oct 22
8
Oct 29
9
10
Nov 5
Nov 12
11
12
Nov 19
Nov 26
Dec 3
13
Dec 10
Chapters 6 and 7: Time Value of Money
Concepts (6) & Cash and Receivables (7)
Exam #1 (Chapters 1- 4)
No class
Chapters 7 and 8: Cash and Receivables,
cont (7) & Inventories – Measurement (8)
Chapters 9 and 10: Inventories - Additional
Issues w/Inventories (9), and Operational
Assets: Acquisition and Disposition (11)
Exam# 2 (Chapters 5 – 8)
Chapter 11: Operational Assets: Utilization
and Impairment
Chapter 12: Investments
No class – Thanksgiving Holiday!
Student Presentations,
Review for Exam #3
Exam# 3 (Chapters 9 – 12)
At the end of each chapter are “CPA and CMA Exam Questions.” Students planning to
sit for either exam should invest the extra time to complete those questions. Answers will
be provided upon request. The authors also provide “Alternative Problems.”
Answers to these problems will also be provided upon request.
Communication & Student Response Time:
Please communicate to me via email - I will respond to your email question(s) within 48 hours,
usually sooner.
Assignments:
Grading:
Grading scale – the final grade will be computed as follows:
90-100 points = A
80-89 points = B
70-79 points = C
June 2014
60-69 points
Below 60
=D
=F
Please visit www.scps.virginia.edu/audience/students/grades for more information
Technical Specifications: Computer Hardware
 Computer with basic audio/video output equipment.
 Internet Access
Technical Support Contacts
 Login/Password: scpshelpdesk@virginia.edu
 UVaCollab: collab-support@virginia.edu
 BbCollaborate (Elluminate) Support: http://support.blackboardcollaborate.com
UVa Policies
SCPS Grading Policies: Courses carrying a School of Continuing and Professional Studies
subject area use the following grading system: A+, A, A-; B+, B, B-; C+, C, C-; D+, D, D-; F. S
(satisfactory) and U (unsatisfactory) are used for some course offerings. For noncredit courses,
the grade notation is N (no credit). Students who audit courses receive the designation AU
(audit). The symbol W is used when a student officially drops a course before its completion or if
the student withdraws from an academic program of the University. Please visit
www.scps.virginia.edu/audience/students/grades for more information.
Attendance: Students are expected to attend all class sessions. Instructors establish
attendance and participation requirements for each of their courses. Class requirements,
regardless of delivery mode, are not waived due to a student's absence from class. Instructors
will require students to make up any missed coursework and may deny credit to any student
whose absences are excessive. Instructors must keep an attendance record for each student
enrolled in the course to document attendance and participation in class.
University Email Policies: Students are expected to check their official UVa email addresses
on a frequent and consistent basis to remain informed of University communications, as certain
communications may be time sensitive. Students who fail to check their email on a regular basis
are responsible for any resulting consequences.
University of Virginia Honor System: All work should be pledged in the spirit of the Honor
System at the University of Virginia. The instructor will indicate which assignments and activities
are to be done individually and which permit collaboration. The following pledge should be
written out at the end of all quizzes, examinations, individual assignments and papers: “I pledge
that I have neither given nor received help on this examination (quiz, assignment, etc.)”. The
pledge must be signed by the student. For more information, visit www.virginia.edu/honor.
Special Needs: It is the policy of the University of Virginia to accommodate students with
disabilities in accordance with federal and state laws. Any SCPS student with a disability who
needs accommodation (e.g., in arrangements for seating, extended time for examinations, or
note-taking, etc.), should contact the Student Disability Access Center (SDAC) and provide
them with appropriate medical or psychological documentation of his/her condition. Once
accommodations are approved, it is the student’s responsibility to follow up with the instructor
about logistics and implementation of accommodations. Accommodations for test taking should
be arranged at least 14 business days in advance of the date of the test(s). Students with
disabilities are encouraged to contact the SDAC: 434-243-5180/Voice, 434-465-6579/Video
Phone, 434-243-5188/Fax. Further policies and statements are available at
www.virginia.edu/studenthealth/sdac/sdac.html
June 2014
For further policies and statements about student rights and responsibilities, please visit
www.scps.virginia.edu/audience/students
June 2014