AMIS 3200 – Intermediate Accounting I
Summer 2015
Course Syllabus
Instructor:
Jing Davis
Office:
406 Fisher Hall
Email:
davis.4584@osu.edu
Phone:
614-292-7249
Office Hours:
Tu 11 AM – 12 PM
Th 11 AM – 12 PM
Class Schedule:
TuTh 9:35 AM – 10:55 AM
Class Location:
205 Schoenbaum Hall
REQUIRED COURSE MATERIALS
1. Textbook: Intermediate Accounting, 7th Edition by Spiceland et. al. (McGraw-Hill
Publishers), copyright 2013.
2. CONNECT for Intermediate Accounting (McGraw-Hill Publishers), copyright 2013.
Register at the following URL address: http://connect.mheducation.com/class/j-liulibrary-course
PURPOSE AND FOCUS
AMIS 3200 is the first course in a three-semester upper division sequence in financial reporting.
The other two, AMIS 3201 and 4200, have this as a prerequisite. Taken as a whole, they
represent the core financial accounting subject matter of the undergraduate accounting
curriculum. Typically, more than 90% of the students who enroll in these three courses are
accounting majors; the remainder represents students who have elected to take the courses for
other reasons.
We have designed the requirements for 3200, recognizing that nearly all of the students intend
to pursue a professional career with an emphasis on accounting. Although the students will
choose to pursue employment with a variety of firms, not just major international accounting
firms, they nonetheless should be prepared to achieve the same basic knowledge and skills
expected of all accounting professionals and are likely to seek certifications as a CPA. This
course focuses on this knowledge and skill set, as do the 3201 and 4400 courses that follow.
The essential subject matter of the 3200 course is an in-depth study of financial statement
content and use, especially focused on matters related to operating activities and long-term
operational assets. Essential to this study is an understanding of the reporting environment in
which our capital markets are regulated by the SEC and FASB and through which companies
provide audited financial information regularly to capital providers and others with vested
economic interests.
Your learning of this material requires a highly disciplined study routine, including reading and
understanding key ideas, regular practice of accounting methods and techniques, and critical
analysis of issues through which the knowledge is applied in practice. As students seeking to
become professionals in this field, it is important that you also begin to follow the intellectual
development in the academic discipline of accounting. So I will bring some of these ideas into
the classroom for you to consider. In addition to conceptual and technical knowledge, 3200 is
designed to exercise the essential skills of a professional accountant, particularly communication
skills and professional research and inquiry skills. Employers and graduate schools seek
candidates who have developed these skills so that they can be utilized at the next level.
GRADES
Your overall performance in the course will be weighted as follows:
•
Mid-term Exams: 40%
•
Final Exam: 60%
•
Participation: I reserve the right to raise or lower your grade depending on your
participation in class.
ACADEMIC INTEGRITY
As a member of the Fisher College of Business Community, I am personally committed to the
highest standards of behavior. Most students have high standards and behave honorably.
However, like every academic institution, we encounter cases of academic misconduct. It is the
obligation of students and faculty to report suspected cases of academic and student
misconduct. Students can report suspected violations of academic integrity or student
misconduct to faculty or to Associate Dean West. All reported cases of academic misconduct are
actively pursued, and confidentiality is maintained.
STUDENTS WITH DISABILITIES
If you need an accommodation based on the impact of a disability, you should contact me to
arrange an appointment as soon as possible. At the appointment we can discuss the course
format, anticipate your needs and explore potential accommodations. I rely on the Office for
Disability Services for assistance in verifying the need for accommodations and developing
accommodation strategies. If you have not previously contacted the Office for Disability
Services, I encourage you to do so if you have a special need.
Topical Modules for AMIS 3200
Instructor: Jing Davis
Summer 2015
Module 1: Financial Reporting Environment
1. Demand and Supply of Financial Reporting
2. Regulation of Financial Reporting
a. The institutions (SEC, FASB, IASB, etc.)
b. Conceptual framework (emphasizing qualitative characteristics)
c. The role of auditors
d. GAAP guidance & the ASC database
Module 2: Elements of Financial Statements
1. Valuation and stewardship perspectives
2. The role of recognition, measurement and disclosure
3. Classification and aggregation issues
4. Measuring and managing liquidity and solvency
Module 3: Earnings Quality
1. Predictive ability and persistence of earnings
2. Pro forma earnings
3. Challenges to earnings quality
a. Incentives to manage earnings
b. Earnings management tactics
4. Accounting changes and errors
Module 4: Revenue Recognition Issues
1. Recognition issues and criteria
2. Norms and exceptions
3. Illustration of recognition methods
Module 5: Current Asset Recognition, Measurement and Disclosure
1. Accounts and notes receivable
2. Inventory measurement and management
Module 6: Noncurrent Asset Recognition, Measurement and Disclosure
1. PP&E
2. Research and Development Issues
3. PP&E Impairments
4. Intangible Impairments
Module 7: Contingencies
1. Nature of contingent losses
2. Criteria for contingency accounting
3. Disclosures and subsequent events
4. Customer loyalty programs
Daily Assignment Calendar
DAY DATE
TOPIC
READ IN ADVANCE
Tu
May 12
COURSE OVERVIEW
Module 1
Th
May 14
Module 1
Read Course Syllabus
Read Spiceland, Ch. 1
Real World Cases 1-1; 1-2; 1-6; 1-8; 1-12; 1-13; 1-15; 1-16;
KLM Case
Tu
May 19
Module 2
Read Spiceland, Ch. 3
Th
May 21
Module 2
Real World Cases
Tu
May 26
Module 3
Read Spiceland, Ch. 4
Th
May 28
Module 3
Read Spiceland, Ch. 4
Tu
June 2
Module 3
Real World Cases
Th
June 4
Module 4
Read Spiceland, UPDATED Ch. 5 (posted on Carmen)
Tu
June 9
Module 4
Read Spiceland, UPDATED Ch. 5 (posted on Carmen)
Th
June 11
Midterm Exam
Covers from May 12 to June 9
Tu
June 16
Module 4
Real World Cases
Th
June 18
Module 5 (Receivables)
Read Spiceland, Ch. 7
Tu
June 23
Module 5 (Receivables)
Read Spiceland, Ch. 7
Th
June 25
Module 5 (Receivables)
Real World Cases
Tu
June 30
Module 5 (Inventory)
Read Spiceland, Ch. 8
Th
July 2
Module 5 (Inventory)
Read Spiceland, Ch. 8
Tu
July 7
Module 5 (Inventory)
Real World Cases
Th
July 9
Module 6 (PP&E)
Read Spiceland, Ch. 10
Tu
July 14
Module 6 (PP&E)
Real World Cases
Th
July 16
Module 6 (Impairments)
Read Spiceland, Ch. 11
Tu
July 21
Module 6 (Impairments)
Real World Cases
Th
July 23
Module 7 (Contingencies)
Read Spiceland, Ch. 13
Tu
July 28
Module 7 (Contingencies)
Real World Cases
Th
July 30
Tu
August 4
Review for Final Exam
Final Exam
Covers from June 16 to July 30