National Taiwan University College of Management Intermediate Accounting (II) Course Syllabus-Spring 2023 Course Information Course Number Course Title Term Class Time and Room Fin 2015 中級會計學(下) Spring 2023 Lecture session: Wednesdays 9:10~12:10 管二 202 Recitation session: Tuesdays 12:20~14:10 管二 202 Instructor Information Professor Email Address Office Phone Office Location Office Hours Chih-Hsien Liao (廖芝嫻) chliao105@ntu.edu.tw (02) 3366-1121 管二 912 By appointment Teaching Assistant Information Teaching Assistant Email Address 林渟恩 r10741010@ntu.edu.tw Course Objectives The course is designed to provide students with an understanding of the theory and practice underlying the measurement and presentation of financial information in accordance with generally accepted accounting principles (GAAP), with a particular focus on International Financial Reporting Standards (IFRSs). After completing this course, students are expected to: (1) Understand the theoretical basis of specific accounting procedures; (2) Apply the accounting standards and prepare the financial statements; (3) Use the financial reporting information to assess a firm’s performance; (4) Obtain some perspectives from the real world. Teaching Materials Required Textbook Textbook Intermediate Accounting-IFRS Edition, 4th Edition (2020) Author Kieso, D, Weygandt, J., and Warfield T. Publisher Wiley (滄海書局代理) 1 Reference 張仲岳、蔡彥卿、劉啟群、薛富井,中級會計學,第五版,2022 年,東華書局。 林蕙真,中級會計學新論,第十版,2020 年,証業出版(華泰文化代理)。 鄭丁旺,中級會計學,第十五版,2021 年。 All lecture materials will be provided in electronic format and posted on NTU COOL. You can print out and bring the hard copy to class if needed. Please check the website prior to every class for updated information. Announcements may be sent via emails, so you should also pay attention to your NTU email account. Grading Policy Your grade will be made up of the following: Item Percentage Midterm Exam 35% Final Exam 35% Project 30% Total 100% Final grades will be assigned using the following system of grading. However, the final letter grade will be based on the instructor’s judgment in order to reflect each student’s performance relative to the class and standards expected of undergraduate students. Your final grade will be based on the items specified in the syllabus. Absolutely no other alternative for extra credits. A+ (90 ~ 100) A (85 ~ below 90) A- (80 ~below 85) F (below 60) B+ (77 ~ below 80) B (73 ~ below 77) B- (70 ~below 73) C+ (67~ below 70) C (63 ~ below 67) C- (60 ~below 63) Exams There will be two non-cumulative exams each worth 100 points. All examinations are closedbook, closed-notes. The exams will be administered in-class during class time. Exam formats will include multiple-choice questions and longer problems requiring development, analysis, and presentation of comprehensive solutions. Exam questions come from concepts covered in lecture notes and textbook exercises/problems. You will need three things for each exam: (1) your NTU ID; (2) basic calculator; (3) pens or pencils. NOTE: Except a calculator, any other electronic devices are NOT allowed to be used during the exam, including cell phones, tablets, laptops, and devices with language dictionary. NO CHEATING!! Exchanging or copying notes during the exam is strictly prohibited. Students who cheat in any exams will receive a grade of zero on that test. Make-up exams Students missing an exam should contact me prior to the scheduled exam time (unless an emergency situation arises which makes it impossible). Students with anticipated 2 absences (such as a university event or national contest) should provide written proof document in advance. Make-up exams must be completed within one week. Failure to take the make-up exam at the agreed time and place will result in a grade of zero. Students are only allowed to take one make-up exam during the semester. A student who misses a second exam will not be allowed to take a make-up exam and will receive a grade of zero on the missed exam. There is no guarantee that the level of difficulty of the make-up exam will be comparable to that of the original test. Project The objective of this project is to learn how to read and analyze companies’ financial statements using the financial accounting concepts discussed in class. Students will form groups of maximum 5 members to conduct the project. Each group is required to submit a written report online and make an oral presentation in class. Specific guidelines for this project are provided following the class schedule. NOTE: Group members are jointly responsible for the project, therefore equal contribution is presumed and each member will be assigned the same grade. However, I may adjust individual scores in reference to your within-group peer evaluation outcome. Attendance Although attendance is not taken and not graded, it is critical to your success that you attend each class and take notes during the lectures. You are highly encouraged to read the assigned chapters prior to coming to class. Please refer to page 4 of this syllabus for the detailed class schedule. You should work on the assigned exercises/problems at the end of each chapter (no need to submit). Solutions to the exercises/problems will be posted on NTU COOL. Recitations Recitations are optional and will be administered by the TA. Please pay attention to the TA’s announcements regarding the related format and content. Classroom Etiquette 1. Please come to class on time. 2. Cell phones should be turned off or switched to silence mode in class. 3. Please do not have food during the class. 3 Class Schedule Week 1 Date Topic Ch 14 Non-Current Liabilities 02/22 E14.4 E14.5 E14.7 E14.9 E14.11 E14.15 E14.16 E14.17 E14.18 E14.20 5 Ch 15 Equity 03/01 E15.2 E15.5 E15.7 E15.8 E15.11 E15.12 E15.14 E15.16 E15.17 E15.21 P15.1 P15.6 03/08 Ch 17 Investments 17 Investments 03/15 Ch E17.3 E17.4 E17.5 E17.14 E17.15 E17.16 E17.17 E17.18 E7.21 P17.1 P17.4 03/22 Ch 17 Appendix 6 03/29 Midterm Exam Ch. 14, 15, 17 7 11 04/05 No Class Ch 23 Statement of Cash Flows 04/12 E23.1 E23.3 E23.4 E23.8 E23.10 E23.13 E23.14 E23.16 P23.5 04/19 Ch 16 Dilutive Securities and Earnings Per Share Ch 16 Dilutive Securities and Earnings Per Share 04/26 E16.1 E16.2 E16.4 E16.10 E16.13 E16.16 E16.17 E16.20 E16.23 E16.25 E16.27 P16.7 05/03 Project Presentation 12 05/10 Project Presentation [Written Report Due] 13 05/17 Ch 18 Revenue Recognition Ch 18 Revenue Recognition 05/24 E18.1 E18.3 E18.7 E18.9 E18.11 E18.12 E18.14 E18.16 E18.20 E18.22 E18.26 E18.29 P18.10 Ch 22 Accounting Changes and Error Analysis 05/31 E22.1 E22.4 E22.6 E22.7 E22.9 E22.13 E22.14 E22.15 E22.18 E22.19 P22.1 06/07 Final Exam Ch. 16, 18, 22, 23 2 3 4 8 9 10 14 15 16 The class schedule is subject to change at the discretion of the instructor. 4 Group Project Guidelines In this project, you should choose a non-financial public company as the target for analysis. You can obtain the company’s annual report from the Market Observation Post System (https://mops.twse.com.tw/mops/web/index). Please use the latest-year (year 2021) parent company financial statements (do not use consolidated financial statements) for analysis. To make sure a wide coverage of industries and to avoid duplicates, you should send me a notice with your chosen industry and company (first-come, first-served). The appendix following the guidelines provides a list of industries for you to choose from. Your report should cover the following: 1. Analyze the key financial ratios of the last five years by referring to the summary table in the annual report (最近五年度財務分析-個體). The financial ratios not covered in class (such as the degree of operating leverage) can be ignored. You can also refer to Illustration 5A.1 or Illustration 24A.1 in the textbook. Evaluate the company’s financial performance in the last five years. 2. Pick up the items or ratios that have significant changes and discuss in details the reasons for those changes. You should pay attention to the composition of the financial ratio by reading the footnotes in the financial statements. You may also refer to other data sources (but are not required) in addition to the footnotes for analysis. 3. (Optional) Compare the financial performance between the chosen company and its mostly comparable peer company. 4. Summarize your observations and provide a conclusion. You should submit the written report to NTU COOL by 12:00pm on May 10, 2023. The report should be typed in 12-point font and no more than 20 pages (including tables, figures, and references). Remember to provide citations for all references used in the paper. The report can be written in Chinese or English. Each group will make an oral presentation in 15 minutes. Presentation slides should be submitted to NTU COOL by the presentation date. I will make a drawing in class to determine the order of your presentation. Grading criteria: Written report (60%) The grade will be collectively determined by the content (e.g., strength of analysis) as well as the format (e.g., expression of texts or figures). Oral presentation (40%) The grade will be based on the instructor’s evaluation as well as your classmates’ (average) evaluation. Everyone should evaluate the presentation of each group (except your own group) based on the following factors: (1) degree of preparation (familiarity with the material); (2) clarity and structure of the slides; (3) effectiveness of time-control; (4) completeness of the analysis. 5 Appendix: TSE Industry Classifications 1. 水泥工業 2. 食品工業 3. 塑膠工業 4. 紡織纖維 5. 電機機械 6. 電器電纜 7. 化學工業 8. 生技醫療業 9. 玻璃陶瓷 10. 造紙工業 11. 鋼鐵工業 12. 橡膠工業 13. 汽車工業 14. 半導體業 15. 電腦及週邊設備業 16. 光電業 17. 通信網路業 18. 電子零組件業 19. 電子通路業 20. 資訊服務業 21. 貿易百貨 22. 觀光事業 6