University of Bridgeport
School of Business
ACCT 300 Intermediate Accounting I – Fall 2013
Day and Time of Course
Name of Professor
Telephone Number:
Email:
Office:
Office Hours:
Tuesday, 6:00PM – 8:30PM
Patrick J. McGannon, Sr.
(203) 520-0989
pmcganno@bridgeport.edu
Mandeville Hall Room 10
Monday 5:15 – 6:00
Tuesday 5:15 – 5:45
By Appointment
Course Materials
Required Reading/Materials
Intermediate Accounting
Wahlen, Jones, Pagach
SouthWestern Cengage Learning
ISBN: 13: 978-1-111-82237-8
10: 1-111-82237-9
Recommended Reading
Additional reading to be assigned as needed.
A. General Course Information
1. Course Description
This course applies generally accepted accounting principles to the preparation of
financial statements, including balance sheet, income statement, statement of cash
flows and retained earnings statements.
2. Intended Audience
Undergraduate students intending to major in accounting.
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3. Course Objectives
Upon completion of this course, the students should be able to:
 Explain GAAP and sources of GAAP
 Understand the relationship between the various accounting rule-making
entities and oversight bodies
 Utilize the Accounting Standards Codification (ASC)
 Explain ethical issues involved in accounting and financial reporting
 Explain the objectives of financial reporting and the relationships among the
objectives
 Explain the qualities of useful information
 Explain and prepare the basic financial statements and their components
 Explain the reporting techniques in an annual report
 Explain income and revenue recognition
 Compute, classify and report income from various sources
 Explain cash discounting methods, bad debt estimation, and accounting for
short-term accounts receivable
 Differentiate between periodic and perpetual inventory systems
 Explain inventory reporting issues, gross profit methods, gross profit
valuation, and retail inventory methods
 Explain property, plant and equipment (PP&E) valuation, acquisition,
disposal, post acquisition costs, and reporting issues
 Explain the accounting for research and development costs
 Explain the accounting issues connected with intangible assets
B. Prerequisites
ACCT 101 and ACCT 102
C. Mode of Instruction
Classes will consist of discussion of previously assigned reading, topical lectures and
problem solving both inside and outside of class.
D. Student Responsibilities
1. Academic Honesty Standards
Students should familiarize themselves with, and adhere to, the standards as set
forth in the policies on cheating and plagiarism as defined in Chapters 2 and 5 of
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the “Key to UB” or the approved graduate handbook. These standards may be
found at http://www.bridgeport.edu/pages/2623.asp.
2. Class Participation
Class participation will be comprised of the following items: Assigned problems,
attendance and contribution to the class discussion.
In addition to the problems we will work in class, there will be problems assigned
that the student will work on during discussion of a topic. Once the related topic or
chapter is concluded, the student will turn in the assigned problem by the following
class session. These problems will not be graded, but not turning in problems will
result in a reduction to the overall class participation grade.
Problems must be submitted in a neat, orderly, and well thought out manner.
Problems MUST be done in EXCEL or some other spreadsheet software. (See
Communication below). Do not use WORD or other word processing software,
unless assignments call for a written report. I will review submitted problems, and
I will look for a reasonable attempt to complete the problem. Do not try to submit
problems that were done 15 minutes before they are due. I will know, and I will
penalize you accordingly. There is no requirement to get the answer correct. The
only requirement is to turn in the problems according to the guidelines stated
above. Problems not turned in timely will receive no credit. NO EXCUSES.
Students are expected to be fully prepared for all classes, and are encouraged to
contribute to the class discussion. Discussion among students usually facilitates the
understanding of a topic. Moreover, some students may bring a different view on
the subject matter that had not been previously considered. Regular and active
class participation enhances the learning process.
Attendance will be taken regularly. There are very few reasons for missing class.
These are enumerated in the student handbook. Should you believe you have a
valid reason, please contact me before class, not at 9:00PM the night of class. You
may use your cell phone’s text message service for this purpose. My number is at
the beginning of this syllabus. Please note that just coming to class does not
guarantee you the full class participation grade.
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Lateness is also unacceptable, as is leaving during class, coming back late from
breaks, or leaving before class is over. All of these will have a detrimental effect
on your class participation grade.
As with most accounting courses, the student should not expect a positive outcome
by simply coming to class each week. You cannot learn this material in 2 1/2
hours each week. Students should allocate time outside of class in order to master
this material. It is suggested the student devote at least 15-20 hours each week
outside class to study this material.
3. Communication
The University e-mail system will be used to communicate with students. You
should check your UB email frequently, but no less than daily. E-mail has
developed into the single most used form of communication in business today. As
such it is to your advantage to develop the habit of looking at yours frequently.
You must use your UB account to communicate with me, and I will use your
account to communicate with you. I don’t need to know any other account you
may use, nor do I accept the fact you may never check your UB account.
You may uses your devices to take notes, etc., but for no other purpose. There will
be time during the class breaks to get your updates. As such your devices should be
on “Vibrate”. I expect you to respect the learning environment by not sneaking a
peek at your phones during class.
I maintain neither a Facebook nor Twitter account. Requests to me via these media
will go unanswered.
E. Grading
The course grade will be determined by the following components:
Case studies
Tests
Class Participation
Final Examination
20%
40%
10%
30%
100%
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Tests will be administered every 2-3 topics or chapters. Tentative test dates:
September 17
October 15
November 12
There will be 2 components of each test. The first will be a take-home and will
consist of problems and essays. This portion will be due the following week.
Failure to turn this portion in when due will result in a grade of zero for that part.
You will take the second part in class. This part will be a series of multiple choice
questions. Please note this part will not take the entire class.
The final examination is December 10, and may be cumulative. Therefore it is
important to constantly review material already covered. If you cram the night
before the final you are only getting superficial knowledge of the material. As such
this will translate into a superficial grade.
Students will be evaluated based upon the categories set forth above. What a
student needs, or requires is completely irrelevant. If you need to keep a
scholarship, be reimbursed by an employer, get hired by an employer, etc. you
must deal with that. It will not ever be a factor in computing your grade. If you
keep track of your grades, prepare appropriately for classes and tests, you should
know where you stand. It is incumbent upon the student to ask questions, to ask
for clarification, or to contact me if he/she is struggling.
Final grades will be calculated based upon the following scale:
A
AB+
B
BC+
94+
90-93
87-89
84-86
80-83
77-79
4.00
3.67
3.33
3.00
2.67
2.33
C
CD+
D
DF
74-76
70-73
67-69
64-66
60-63
< 60
2.00
1.67
1.33
1.00
0.67
0.00
Make-Up Policy: If you miss any of the in-class tests you must take a make-up.
The make-up will be the week following the regularly scheduled test. Please note
that this is the only time you can make-up a test. In addition, there will be a penalty
assessed on the make-up. The penalty will be determined by the point value of the
test.
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There is no make-up for the final examination
TENTATIVE COURSE SCHEDULE
To be provided
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