University of Hawaii Shidler College of Business ACC 323 Syllabus Intermediate Financial Accounting II Instructor: Phone: Email: Office: Classroom: Office hours: Terri Fujii, MAcc, CPA 695-4039 tfujii@cwassociatescpas.com A408 D103 By appointment (preferably after class ends) (not more than 30 minutes per student per appointment) Dates: July 8 to July 11 – T, W, Th, F - 9:00 to 10:45 July 14 to August 5 – M, T, Th, F – 9:00 to 10:45 Textbook: McGraw Hill Irwin, Intermediate Accounting, Seventh Edition, by Spiceland, Sepe and Nelson Prerequisites: C- or better in ACC 321. If you have not taken ACC 321 or had a C- or lower grade, please go through the process of dropping this class. Change in status: Follow the UH process and deadlines for dropping a class. If you did not drop the class, and do not attend the class, you will receive a grade of “F” for the course. Course description: ACC 323 is the second half of Intermediate Accounting. The course will cover accounting for investments, current liabilities and contingencies, bonds and longterm notes, leases, income taxes, pensions and other postretirement benefit plans, shareholders’ equity, share-based compensation and earnings per share and statement of cash flows. Course objective: Upon completion of the course, students should be able to apply the concepts learned to determine the proper accounting for transactions in the areas noted above. The objectives can only be met if the student has a good understanding of basic accounting concepts, completes the assignments and actively participates in the classroom learning experience. Attendance: In order to achieve the course objectives, students are required to attend (arriving on time) and participate in the classes. Arriving to class more than 15 minutes late without an acceptable reason will be considered non attendance. Attendance will count towards 5% of the final grade. Attendance will be taken as the instructor determines is necessary. Students are to select a seat and a seating chart will be established on the second day of class (July 9) at which time that will be each student’s seat for the remainder of the session. Attendance does not just mean being physically present, but also being attentive during the class (i.e., not disrupting the class or other students, not sleeping, and not using electronic devices such as cellphones). Being physically present does not guarantee points for attendance. The instructor has the ability to deduct points for unprofessional behavior in the classroom. Anyone who misses a class is responsible for obtaining the information covered during the class and for “catching up” on the missed material from fellow students or through office hours with the instructor (for excused absences only). Homework: Homework assignments are provided in the attached schedule. It is expected that homework assignments will be completed prior to coming to class, as well as having read through the chapter, at which time the assignments will be collected on a random basis (i.e.,. not all assignments will be collected every day). No late submissions will be accepted unless prior approval is obtained. The solution to the assignments may be reviewed in class if there are questions specific to the assignment. Solutions will be posted on Laulima. Homework will account for 10% of the final grade. No points will be given if it cannot be determined who the homework belongs to or if the homework is illegible. Quizzes: Four quizzes will be given during the session with the quizzes accounting for 20% of the final grade. Quizzes will be given according to the attached schedule, but is subject to change. Quizzes will cover the subject matter since the last quiz and may be in various formats (multiple choice, essay, problems, etc.). Quizzes will be open book and will be for a specified period of time (i.e., 15 minutes, not the entire class period). Illegible quizzes will not be graded resulting in 0 points. The solutions will be posted on Laulima. Exams: There will be three exams during the session. The exams will cover materials focused on during the class and in the textbook, not just the materials covered in class. The exams will be closed books, however, each student will be allowed to bring one 81/2” X 11” sheet of paper with notes (handwritten notes only). No other information or aides may be used during the exams, other than basic calculators. The first exam will cover chapters 12 to 14, the second exam will cover chapters 15 to 18 and the final exam will cover all chapters. The exam may be in various formats (multiple choice, essay, problems, etc.). The first two exams will each account for 20% of the final grade. The exams will be for the entire class period on the days provided in the attached schedule. The final exam will account for 25% of the final grade. Illegible exams will not be graded resulting in 0 points. If you will miss the exam, be sure to notify the instructor ahead of time. There is no makeup period for the final exam and the final exam cannot be rescheduled. There shall be no sharing of calculators, notes or other materials during the exam and there are to be no caps, hats or iPods used during the exam. No exams are to ever be removed from the classroom. Any student doing so will receive 0 points for the exam. Grading: Attendance Homework Quizzes Exam I Exam II Final exam 5% 10% 20% 20% 20% 25% 100% 25 points 50 points 100 points 100 points 100 points 125 points 500 points Grading will not be done based on a curve but based only on each student’s total points. A grade of “A” will require at least 90% of the total points, a grade of “B” will require at least 80% of the total points, a grade of “C” will require at least 70% of the total points, a grade of “D” will require at least 60% of the total points, and any points lower than 60% will be a grade of “F”. Extra credit: Students who believe they need additional points, can take on an additional project that could provide additional points of not more than 50 points. The additional project could be a presentation to the class on a specific subject matter relevant to the course material and can be done individually or in groups of not more than 4 students. An example would be a presentation on the financial statement presentation and disclosure of deferred taxes, review and analysis of the leasing arrangements of a public company based on the information in its 10K or comparison of the accounting and reporting of transactions under GAAP and IFRS. The nature and subject matter of the project is subject to instructor approval and is to be decided upon and arranged with the instructor by July 21, 2014 with the project to be presented or due the week of August 4, 2014. Student conduct: Students are expected to behave in a professional manner as would be expected by any employer. Students are also expected to abide by the University Student Conduct Code, which among other things, requires that a student receive a grade of “F” and be subject to disciplinary action for an act of Academic Dishonesty. Academic Dishonesty includes cheating on quizzes and exams and plagiarism among other acts. Refer to the UH Student Conduct Code for definitions of academic dishonesty, including cheating and plagiarism. Disclosures: This syllabus is a general plan and provides general guidance. It is not all encompassing and is subject to change. Minor changes may also be made to the course content as the session progresses. Location: In the event of the need to evacuate the classroom, students are to meet in the grassy area of the south (Makai) side of George Hall where you will be provided with additional instructions. On exam days, you may be directed to an alternate classroom to take the exam. Supplies: Each student is to bring his/her own supplies to the class including writing instruments, paper, textbook, etc. including a basic calculator (i.e., not one on an iPhone). The instructor will not have any supplies available and students are not to share materials during quizzes and exams. Disability access” Students with disabilities are encouraged to contact the KOKUA Program for information and services. Confidentiality is maintained and there is no charge for the services. Contact KOKUA at 956-7511 or kokua@hawaii.edu. ACC 323 Chapter and Homework Assignments Anticipated Dates of Quizzes and Exams Ch. 12, E 1,5,9,13,1921,26 Wed, July 9 Introduction, Chapter 12 Chapter 12 Due Date for Homework July 9 Thurs, July 10 Chapter 13 Ch. 13, E 1,6,8,13,18,21,27 July 11 Fri, July 11 Chapter 13 Mon, July 14 Chapter 14 Ch. 14, E 3,5,9,22,26,27,33 July 15 Tues, July 15 Chapter 14 Thurs, July 17 Exam I Fri, July 18 Chapter 15 Ch. 15, E 1,2,7,13,17,21,31 July 21 Mon, July 21 Chapter 15 Tues, July 22 Chapter 16 Thurs, July 24 Chapter 16 Fri, July 25 Chapter 17 Mon, July 28 Chapter 17 Tues, July 29 Chapter 18 Thurs, July 31 Chapter 18 Fri, Aug 1 Exam II Mon, Aug 4 Chapter 19 Tues, Aug 5 Chapter 19 Thurs, Aug 7 Chapter 20 Fri, Aug 8 Chapter 20 Mon, Aug 11 Chapter 21 Tues, Aug 12 Chapter 21 Thurs, Aug 14 Extra point projects Final Exam Date Tues, July 8 Fri, Aug 15 Chapter Homework Assignment Quiz Quiz 1 Quiz 2 Ch. 16, E 1,3,8,10,22,24,28 July 24 Ch. 17, E 2,4,5,8,11,16,24 July 28 Quiz 3 Ch. 18, E 1,5,8,13,20,23,24 July 31 Ch. 19, E 2,5,7,9,11,17,27 August 5 Ch. 20, E 1,11,13,17,20,23,24, August 8 Ch. 21, E 1,5,13,15,17,20,27 August 12 Quiz 4