The University of Tennessee at Martin
College of Business and Public Affairs
Department of Accounting, Economics and Finance
Course Number & Title:
Accounting 302, Intermediate Accounting
Term, Level & Credit:
Fall 2003, Undergraduate, 3 Credit Hours
Course Description:
Continuation of Accounting 301 including an in-depth discussion of the traditional financial accounting topics
as well as the recent developments in accounting valuation and reporting practices promulgated by the leading
professional organizations and applied by practitioners in public accounting and industry.
Course Prerequisites:
To enroll in Accounting 302, Student must have a grade of “C” or above in Accounting 301.
Course Text & Required Materials:
Kieso, D., Jerry Weygandt & Terry Warfield, Intermediate Accounting, 10th Edition, Wiley Publishing
Company, Inc. 2001. Working Papers for Intermediate Accounting.
Course Objectives:
(1) To further develop the student’s ability to process accounting data through to the end result of preparing in
acceptable form the appropriate financial statements. (2) To further develop in each student an appreciation of
the usefulness and limitations of properly prepared financial statements. (3) To develop the student’s
analytical ability required to evaluate the strengths and weaknesses of both present and proposed accounting
alternatives relative to principles, procedures and concepts.
Student Outcomes:
By taking this course the student should be able –
(1) To process accounting data and prepare appropriate financial statements. (2) To understand the
usefulness and limitations of properly prepared financial statements. (3) To evaluate the strength and
weakness of present and proposed accounting standards and concepts.
Course Requirements:
(1) Students are responsible for reading each chapter and preparing assignments from the text. All
assignments are due on the date specified by the course instructor. (2.) Students are expected to attend class
on a regular basis and participate in class discussion. They are encouraged to not miss scheduled tests unless
seriously ill or for an unavoidable emergency. Make-up tests will be given only for justifiable reasons. (3)
Failure to complete the Internet problems in Accounting 302 will result in a grade of F regardless of
other class performance.
Attendance Policy:
You are strongly encouraged to not miss classes. One (1) point will be deducted from your total grade points
for each missed class after the first three misses. You are expected to be in class and seated on time.
Grades:
Your grade in this course will be determined by your combined grade point totals from major tests and
assigned homework problems. Test dates are indicated on the class schedule. Each test counts 100 points.
Homework counts 50 points.
The University of Tennessee at Martin
College of Business and Public Affairs
Department of Accounting, Economics and Finance
Course Number, Section, Semester:
Accounting 302, 01, Fall 2003
Instructor:
Dr. Ronald W. Kilgore
Office Location:
Business Administration Building, Room 138
Office Telephone:
731-587-7240, Accounting Office 731-587-7226
Email Address:
Rkilgore@utm.edu
Office Hours:
Posted
Homework Instructions:
The homework column lists those problems that must be turned in for grading. Homework should be
turned in as completed. Chapter homework is to be turned in by test time on the day of the test
covering chapter material. Any unsatisfactory homework may be reworked but must be turned in
before the next test. All homework will be due by 3:00 p.m. Thursday, December 4, 2003. It is
the student’s responsibility to contact my office concerning any discrepancies. Do not wait until the
end of the semester to reconcile any differences. The burden of proof concerning completed
homework assignments falls upon the student. Do not throw away any homework until you are sure it
has been graded and properly recorded.
“Any student eligible for and requesting academic accommodations due to a
disability is requested to provide a letter of accommodation from P.A.C.E. or
Student Academic Support Center within the first two weeks of the semester."
Publishers web site:
www.wiley.com/college/kieso
The grade distribution for the course is: 90 -100% = A, 80 - 89% = B, 70 - 79% = C, 60 - 69 =D, and 00
-59% = F or computed as follows:
415 - 450 = A
360 – 414 = B
315 – 459 = C
270 - 314 = D
0 - 269 = F
TENTATIVE SCHEDULE
DA
Y
TOPICS COVERED
READING
ASSIGNMENT
CLASS
PROBLEM
S
HOMEWORK
PROBLEM
1
Introduction to Course and
Course Requirements
2
Current Liabilities and
Contingencies
Ch. 13, pps. 655 – 669
P1, P4
E4, E6
3
Loss Contingencies
Ch. 13, pps. 670 – 678
P7, P9,
E10, E13, E16
4
Presentation and Analysis
Ch. 13, pps. 679 –682
P11
E18
5
Computation of Employees’
Bonuses
Ch. 13, pps. 688 – 709
P15
E20
6
Bonds Payable and The Issuance
of Bonds
Ch. 14, pps, 712 – 718
P2, P6
E1, E3
7
Effective Interest Method
Ch. 14, pps, 719 – 722
P9, P12
E5, E9
8
Continued
Ch. 14, pps, 723 – 725
P14
9
Long Term Notes Payable
Ch.14, pps, 725 – 735
10
The Corporate Form
Ch.15, pps, 771 – 774
P1
E2
11
Corporate Capital, Preferred
Stock and Presentation of Capital
Ch.15, pps, 774 – 790
P3, P6
E4, E6
12
Appendix 15A, Treasury Stock
Ch.15, pps, 792 – 793
P8, P12
E15
13
Test 1
14
Stockholders’ Equity; Retained
Earnings
Ch.16, pps, 812 - 825
P3
E1
15
Appropriation of Retained
Earnings
Ch.16, pps, 825 - 830
P7, P9,
E3, E5
16
Continued
P11, P12
E8, E11
17
Diluted Securities and Earnings
Per Share
Ch.17, pps, 858 - 864
P1
E2
18
Stock Compensation Plans and
Disclosure
Ch.17, pps, 864 - 871
P3, P4
E6, E9
19
Computing Earnings Per Share
and A Simple Capital Structure
Ch.17, pps, 871 - 883
P5, P6, P7
E15, E16
20
Appendix 17B, Diluted Earnings
Per Share
Ch.17, pps, 893 - 897
P8
E24
21
Investments in Debt Securities
Ch.18, pps, 919 - 926
P1
E2
22
Investments in Equity Securities
Ch.18, pps, 927 - 942
P2, P8
E3, E6
23
Appendix 18A, Special Issues
Related to Investments
Ch.18, pps, 942 - 950
P11, P13
E11
24
Test 2
25
Revenue Recognition at Point of
Sale
Ch.19, pps, 1000 –
1004
P3
E4
26
Revenue Recognition for
Delivery
Ch.19, pps, 1004 1014
P5, P7
E8, E15
E16
Homework Due
Homework Due
TENTATIVE SCHEDULE
DA
Y
TOPICS COVERED
READING
ASSIGNMENT
CLASS
PROBLEM
S
HOMEWORK
PROBLEM
27
Revenue Recognition After
Delivery
Ch.19, pps, 1014 1025
P8, P13
E17, E21
28
Revenue Recognition for Special
Sales Transactions
Ch.19, pps, 1027 1032
P15
29
Fundamentals of Accounting for
Income Taxes
Ch.20, pps, 1058 1072
P1
E1
30
Accounting for Net Operating
Losses
Ch.20, pps, 1072 1077
P2, P3
E2
31
Financial Statement Presentation
Ch.20, pps, 1077 1081
P4, P5
E4
32
Special Issues
Ch.20, pps, 1081 1085
P8
E6, E9
33
Test 3
34
Accounting for Pensions
Ch.21, pps, 1120 1137
P2
E1
35
Minimum Liability and Reporting
Pension Plans in Financial
Statements
Ch.21, pps, 1137- 1150
P3, P4
E5
36
Appendix 21A, Accounting for
Postretirement Benefits
Ch.21, pps, 1156 1165
P5, P7
E8
37
Continued
P11
E11, E12
38
Accounting for Leases
Ch.22, pps, 1190 1201
P1
E1
39
Accounting by Lessor
Ch.22, pps, 1102-1208
P4, P5
E2
40
Special Accounting Problems
Ch.22, pps, 1208-1219
P7, P11
E4, E8
41
Accounting Changes
Ch.23, pps, 1254 1265
P1
E2
42
Accounting Errors
Ch.23, pps, 1266 1277
P2, P3
E5
43
Continued
P6, P8
E10
44
Full Disclosure and Financial
Reporting
45
Continued
Homework due
Ch.25, pps, 1382 1411