Central WA University
Department of Accounting
Syllabus for ACCT 350
Intermediate Accounting I
Fall Quarter 2008
Instructor: Mike Ruble
Office: SNL 302e
e-mail: rublem@cwu.edu
website: www.cwu.edu/~rublem
Phone: (425) 640-1574 ext. 3893
Cell: (360) 920-4547
Office Hours: Monday & Wednesday 1:00 to 2:00, 4:00 to 5pm & by appointment.
Course Description
Theory underlying the presentation of current and fixed assets, liabilities and net worth.
Course Objectives
Understand the nature, purpose,
Explain how GAAP is constantly evolving because of
environment, and importance of financial
political and economic factors.
reporting
Explain who the users of financial statements are and how
GAAP and Concepts meet the needs of such users.
Use the conceptual framework as the underlying
foundation for measuring and reporting business activities.
Master the accounting cycle and
information communicated through
financial reporting
Understand current assets and its
components
Understand property, plant and equipment
Understand intangible assets
Understand current liabilities
Appreciate the importance of ethical
behavior in the accounting and business
process
Explain journal entries, posting, the adjusting process,
closing entries, and present and future value concepts.
Prepare financial statements and related footnotes
Identify cash and cash equivalents;
Explain receivables;
Compute and explain periodic and perpetual inventory
systems under different costing methods;
Explain current asset measurement and income
determination.
Identify the cost of an asset;
Compute and explain disposal, depreciation, impairment of
fixed assets;
Identify necessary disclosures;
Explain plant asset measurement and expense and income
determination.
Explain and compute the cost and amortization of
intangible assets.
Define and account for items included in current liability
section of the balance sheet;
Explain current liability measurement and expense and
revenue determination.
Explain why it is important to have ethical directors,
managers, auditors, and accountants.
Textbooks:
Nikolai & Bazley, Intermediate Accounting, 10th ed., South-Western, 2006
Smith, Smith & Smith Microsoft Excel for Accounting: The First Course, 2003.
Course Requirements & Grading
Mid-term Exams, 100 points each
Final Exam
Projects – EXCEL assignments
Home work
Quizzes
Total Possible
200
100
100
0 or less
100
500
The specific letter grade assigned will be based upon relative point standing at the end of the course. An
approximate range of grades would be:
Percent
93 to 100
89 to 92
87 to 88
82 to 86
79 to 81
77 to 78
Grade
A
AB+
B
BC+
Percent
72 to 76
69 to 71
67 to 68
62 to 66
59 to 61
Below 59
Grade
C
CD+
D
DF
Examinations
Examinations will be a combination of problems, short answer and objective (M/C, T or F and Matching)
questions.
Make-up exams will only be given in very unusual circumstances. An unexcused absence results in a grade
of zero.
Quizzes
Quizzes will be short (10-15 minutes) problems, multiple choice or short answer questions which will be
taken in class or taken home, at the end of each two chapters or so. While 6 quizzes will be taken, the lowest
grade will be dropped so the high 5 quizzes will be a part of the course grade.
Homework
Assigned homework is for your benefit and will be discussed in class. From time to time, it may be collected
and graded with a zero, if is completed and minus 1 to 10 if it is not. So keep current and stay ahead of the
curve.
Projects
Projects will consist of Excel assignments from the Smith text and will be assigned throughout the quarter
and will be discussed at that time.
Caveat
The above schedule and procedures in this course are subject to change in the event of circumstances beyond
the instructor’s control.