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BOROUGH OF MANHATTAN COMMUNITY COLLEGE
The City University of New York
Accounting Department
Intermediate Accounting I
ACC 330
Credit/Hours: 3crs /4 hrs
Prof.___________________
Office:_________________
Phone:_______________
Email:_________________
Course Description:
The course begins with a review of the accounting cycle after which students will examine the following
topics: Conceptual framework underlying financial accounting, income statement and balance sheet
presentation, the time value of money, accounting for cash, receivables, inventory cost and valuation
procedures, plant and equipment accounting, depreciation and depletion and accounting for intangible assets.
Special attention is given to the convergence of U.S. and International Reporting Standards.
Prerequisite: ACC 222
Course Student Learning Outcomes (Students will
be able to…)
1. Prepare a single-step and multi-step income
statement and properly report discontinued
operations, extraordinary items, changes in
accounting principle and estimates and the
treatment for corrections of errors.
2. Identify the major classifications of a balance
sheet and which balance sheet information requires
supplemental disclosure as well as the major
disclosure techniques.
Measurements (means of assessment for
student learning outcomes listed in
first column)
1. Homework (questions, exercises and
problems), quiz and test questions and
comprehensive final exam.
2. Homework (questions, exercises and
problems), quiz and test questions and
comprehensive final exam.
3. Solve future and present value of single sum,
ordinary annuity and annuity due problems
3. Homework (questions, exercises and
problems), quiz and test questions and
comprehensive final exam.
4. Explain accounting issues related to recognition
and valuation of accounts receivable and notes
receivable.
4. Homework (questions, exercises and
problems), quiz and test questions and
comprehensive final exam.
5. Identify the major classification of inventory,
distinguish between the perpetual and periodic
inventory systems, compare the cost flow
assumptions used to account for inventories, and
apply the dollar value LIFO, Lower-of-cost-ormarket, gross profit, and retail inventory methods.
5. Homework (questions, exercises and
problems), quiz and test questions and
comprehensive final exam.
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Below are the college’s general education learning outcomes that will be covered and assessed in this
course.
General Education Learning Outcomes
Communication Skills- Students will be able to
write, read, listen and speak critically and
effectively.
Measurements (means of assessment for
general education goals listed in first
column)
Note taking, quiz and test questions and
comprehensive final exam.
Quantitative Reasoning- Students will be able to
use quantitative skills and the concepts and
methods of mathematics to solve problems.
Homework (questions, exercises and
problems), quiz and test questions and
comprehensive final exam.
Information & Technology Literacy- Students
will be able to collect, evaluate and interpret
information and effectively use information
technologies.
Students are encouraged to access web
based learning platforms supplied by the
book publisher.
Values- Students will be able to make informed
choices based on an understanding of personal
values, human diversity, multicultural awareness
and social responsibility.
Student Development Cases on ethical
dilemmas are included in the syllabus
Required Textbook And Materials:
Intermediate Accounting Volume I - 7th Edition - BMCC Custom Edition, Spiceland, Sepe and Nelson
Evaluation and Requirements of Students
Conduct Of The Course:
The course will consist of four hours per week. Sessions will consist of part lecture and part class discussion.
Each student is expected to complete the reading and problem assignments in the text prior to class. This is
necessary to enable the student to participate in class discussion. Assignments are expected to be completed on
time. Solutions to problems assigned for homework as well as questions which may be raised by the instructor,
will be discussed in class. Students are also encouraged to ask questions on any matters that are not clear to
them. Announced examinations will be conducted periodically and quizzes may given at any time without
notice. Students may use calculators on examinations, but they must not be programmable models nor cell
phones.
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Grading:
The final grade for the course will be determined as follows:
Class Examinations
Final Examination
TOTAL
60%
40%
100%
Announced examinations will be conducted periodically and quizzes may be given at any time without notice.
There are no make-up examinations or quizzes. If you miss an examination or quiz, the remaining
examinations or quizzes will increase in value. Students may use calculators on examinations, but they must
not be programmable models. Cell phone calculators are not allowed during examinations.
INC grades are given only to students who are passing the course and cannot take the final examination at its
regularly scheduled time due to circumstances beyond their control (illness, accidents, etc.). INC will not be
given to students who fall behind in their assignments and class attendance. Excessive class absences will
result in an F grade.
Required Term Project: See Instructor
College Attendance Policy
At BMCC, the maximum number of absences is limited to one more hour than the number of hours a class
meets in one week. For example, you may be enrolled in a three-hour class. In that class, you would be allowed
4 hours of absence (not 4 days). In the case of excessive absences, the instructor has the option to lower the
grade or assign an F or WU grade.
Academic Adjustments For Students With Disabilities
Students with disabilities who require reasonable accommodations or academic adjustments for this course must
contact the Office of Accessibility. (Rm. N320, Phone 220-8180). BMCC is committed to providing equal
access to all programs and curricula to all students.
BMCC Policy On Plagiarism And Academic Integrity Statement
Plagiarism is the presentation of someone else’s ideas, words or artistic, scientific, or technical work as one’s
own creation. Using the idea or work of another is permissible only when the original author is identified.
Paraphrasing and summarizing, as well as direct quotations, require citations to the original source. Plagiarism
may be intentional or unintentional. Lack of dishonest intent does not necessarily absolve a student of
responsibility for plagiarism.
Students who are unsure how and when to provide documentation are advised to consult with their instructors.
The library has guides designed to help students to appropriately identify a cited work. The full policy can be
found on BMCC’s website, www.bmcc.cuny.edu. For further information on integrity and behavior, please
consult the college bulletin (also available online).
Outline of Topics:
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Course outline is tentative and subject to change. Instructor may substitute alternative exercises and
problems.
CHAPTER TOPIC
1.
Environment and
Theoretical Structure of
Accounting
2.
BRIEF
EXERSISES
EXERCISES
PROBLEMS
CASES
1-6
6, 9, 12 , 13
Review of the Accounting
Process
1-12
1, 4, 7, 8, ,13
1, 3
3
3.
The Balance Sheet
1-5
4, 6, 7, 11
3, 5
16
4.
Income Statement,
Comprehensive Income and
Cash flow Statement
1, 3, 4, 5, 8
2, 3, 4, 9, 10,
2, 7, 9
7
5.
Income Measurement and
Profitability Analysis
3, 4, 7, 9
4, 11, 13, 14
2, 5, 6
8
6
Time Value of Money
1, 2, 6, 8, 9
2, 3, 4, 7, 17,
18
2, 3
1
7.
Cash & Receivables
3, 4, 6, 12, 14
1, 5, 7, 8, 16
1, 11
5
8.
Inventories- Measurement
2, 3, 4, 9, 10
5, 9, 10, 11
7
9.
Inventories: Additional
Issues
1-7, 10, 11
6, 7, 15, 17
22, 23
1-5, 6, 10, 13,
19, 20
2, 3, 4, 8
11
10.
Acquisition & Disposition
of Property, Plant and
Equipment
1, 2, 3, 10
1, 3, 6, 8, 14
2, 4
12
11
Utilization and Impairment
2, 6, 7, 8, 9, 10
1, 3, 16, 1821,
25
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1, 4
10