SAN FRANCISCO STATE UNIVERSITY
ACCOUNTING 800(Intermediate Financial Accounting I)
Spring 2011
INSTRUCTOR: Dr. Su-Jane Hsieh
OFFICE: SCI 303 PHONE: 338-2738
OFFICE HOURS M
9:00-10:30
W 13:00-14:30
15:30-17:00(DTC)
CLASS HOURS:
800.01 W 18:30-21:15
COURSE DESCRIPTION: Accounting 800 is the first of two courses in
intermediate financial accounting. The primary emphasis of the
course is directed to (a) the basic concepts and theories
underlying contemporary external financial reporting and (b)
alternative rules and principles used to measure and analyze
financial data with respect to corporate business organizations.
In general, the course is concerned more with the production of
financial information for external users than the use of financial
information by internal users. The topics to be covered include
basic financial accounting theory, valuation of current and
noncurrent assets, revenue recognition alternatives, current
liabilities and accounting changes and error analysis.
-----------------------------------------------------------PREREQUISITES: BUS 780 with a grade of B- or better (or approved
equivalent).
REQUIRED TEXT:
Intermediate Accounting(13th edition, Wiley) by Kieso, Weygandt and
Warfield.
HOMEWORK,EXAMINATIONS,CLASS POLICY, EVALUATION AND CASE PROJECT:
I. Homework
The problems assigned for each class session are to be attempted
by the student before coming to class. My duties as a teacher of
accounting are to help you, the student, overcome any difficulties
you might have with the material assigned, do some (not all) of
the problems assigned, and expand upon the material with examples
from the business world. Homework problems and other assignments
must be done in order for the student to gain the necessary
background to go on to other courses and work.
II. Examinations
Three examinations will be given throughout the semester.
Examinations I, II and III are scheduled for February 23, April 6
and May 18, respectively. Examinations will include a combination
of multiple-choice, problems, and essays.
III. Class Policy, Evaluation and Department Plagiarism Policy
Classes are generally conducted using a lecture and problemsolving format. Class notes are available on iLearn. No make-ups
will be given for any exams and an incomplete grade cannot be used
to substitute for any other grades. Class participation is an
integral part of the learning process in this course and hence is
included in your final grade. Students are expected to prepare for
the day's material including both reading assignments and problems
assigned before coming to the class. For important course related
dates (i.e., last day to add/drop classes or request CR/NC grading
option), please check University Calendar available on SFSU
website at www.sfsu.edu.
Your final grade will be based on the following:
Possible Points
---------------Exam I
100 points
Exam II
100 points
Exam III
100 points
Written Assignments
50 points
Case
50 Points
Class Participation
30 points
----------------Total
430 points
Department of Accounting Plagiarism Policy. Plagiarism is a form
of cheating or fraud; it occurs when a student misrepresents the
work of another as his or her own. Plagiarism may consist of using
the ideas, sentences, paragraphs, or the whole text of another
without appropriate acknowledgment, but it also includes employing
or allowing another person to write or substantially alter work
that a student then submits as his or her own. Any assignment
found to be plagiarized will be given a failing grade. All
instances of plagiarism in the Department of Accounting will be
reported to the Department Chair, and may be reported to the
University Judicial Affairs Officer for further action.
2
IV. Written Assignments and Case
Two written assignments and a case on revenue recognition for
multiple-element arrangements will be assigned during the
semester. The information regarding these assignments will be
available on iLearn. Each student is expected to turn in the
assignments on the due dates. Each assignment should be typed and
double-spaced. The assignments will be graded on technical merit
and professionalism (including presentation, grammar, spelling,
etc.).
V. HOMWORK ASSIGNMENT
Class Date
Chapter
Suggested Homework
1
1/26
1. Financial Accounting and
Accounting Standards
-Objectives of Financial Reporting
-Environment of Financial Reporting
-Development of Accounting Standards
-FASB Codification
-International Accounting Standards
CA1-1,CA1-2,
CA1-10,CA1-4,
CA1-6,CA1-8.
2
2/2
2.Conceptual framework Underlying
Financial Reporting
3.The Accounting Information Systems
-The Accounting Equation
-The Accounting Cycle
-Basic Financial Statements
E2-1,E2-4,
E2-5,E2-7.
E3-8,E3-11,E3-17,
P3-7.P3-8,P3-9,
P3-10.
3
2/9
4.The Income statement and
Related Information
-Income Statement
-Reporting Irregular Items
-Comprehensive Income
-Earnings Quality
E4-5,E4-7,
E4-15,P4-4,
P4-5,P4-7,
C4-4,C4-5,
C4-8.
4
2/16
5
2/23
5. Balance Sheet and Statement of
Cash Flows
-Usefulness of the Balance Sheet
-Limitations of the Balance Sheet
-Classification in the Balance
Exam I
3
E5-6,E5-12,
P5-2,P5-5,
CA5-3.
6
3/2
18. Revenue Recognition
-Revenue Recognition Criteria,
-Revenue Recognition before
Delivery:
-Percentage
of Completion Method
versus Completed Contract Method
-Revenue Recognition after Delivery
E18-7,E18-8,
E18-9,E18-10,
P18-3,P18-6,
P18-7,P18-15,
P18-16.
7
3/9
7. Cash and Receivables
-Cash and Cash Equivalents
-Accounts Receivable
-Notes Receivable
-Financing with Receivables
E7-2,E7-5,
E7-17,E7-26,
P7-2,P7-3,P7-4,
P7-5,P7-6,P7-11.
8
3/16
8. Valuation of Inventories
-Perpetual Inventory System
-Periodic Inventory System
-Cost flow assumptions
-Cost Included in Inventory
-Lower of Cost or Market
E8-1,E8-9,E8-13,
E8-14,E8-21,
E8-25,P8-1,
P8-5, P8-6,
P8-7,P8-11,
CA8-11.
9
3/23
9. Inventories: Additional Valuation
Issues
-Inventory Estimation,
-The Gross Profit Method,
-The Retail Inventory Method
E9-3,E9-4,
E9-13,E9-18,
E9-22,P9-2,
P9-4, P9-7.
10
4/6
11
4/13
10. Acquisition and Disposition
of Property, Plant and Equipment
-Valuation at Acquisition
-Cost to be Capitalized,
-Lump-Sum Purchases,
-Noncash Acquisitions,
-Disposition and Exchange
E10-1,E10-4,
E10-5,E10-14,
E10-20,E10-21,
E10-24,P10-2,
P10-5,P10-7,
P10-8,P10-9
P10-11,CA10-6,
CA10-7.
12
4/20
11. Depreciation, Impairments, and
and Depletion
-Depreciation of Operational assets
-Special Depreciation Methods
-Changes in Estimates,
-Changes in Depreciation Method,
-Comparison with Tax Depreci.
-Impairments
E11-4,E11-7,
E11-13,E11-15,
E11-6,E11-18,
P11-1,P11-8,
P11-9,P11-10,
P11-12.
Spring Recess (3/28 - 4/1)
Exam II
4
13
14
15
4/27
5/4
5/11
12. Intangible assets
-cost to be capitalized,
-amortization.
P12-3,P12-4,
P12-5.
13.Current Liabilities and
Contingencies
6. Time Value of Money Concepts
P13-5,P13-6,
P13-11,P13-4.
22. Accounting Changes and
Error Analysis
-Change in Accounting Principle
-Change in Estimate
-Change in Reporting Entity
-Correction of Accounting Errors
E22-1,E22-2,
E22-3,E22-6,
P22-1,P22-2,
P22-9.
5