LEWIS-CLARK STATE COLLEGE
INTERMEDIATE ACCOUNTING AC-331-01
CLASS SYLLABUS
Fall Semester 2015
TEXT: INTERMEDIATE ACCOUNTING 15TH ED, WEYGANDT, KIESO & WARFIELD and
ACCESS TO “WILEYPLUS” (WileyPLUS access must be purchased; links are available thru Blackboard)
Instructor: Karen Andrews, CPA, MAcc
Associate Professor
Contact Info: klandrews@lcsc.edu
(208) 792-2352
Office:
Office Hours:
Thomas Jefferson Hall Room 209
Tuesdays 9:00 a.m. – 12:00 noon and Wednesdays 1:00 p.m. – 4:00 p.m. or you are always welcome to make an appointment.
PURPOSE:
Students will continue to study and explore advanced accounting theories, procedures, and transactions. The accounting cycle and financial statement preparation will be reviewed. Time value of money concepts relating to accounting and other valuation issues will be explored. Current events regarding IFRS and how it relates to
GAAP reporting will also be presented.
Submitting Work Online: All homework will be done and submitted in WileyPLUS. Class announcements, assignments, and course communications will be posted on Blackboard. Blackboard should be checked regularly for updates and emails.
COURSE OBJECTIVES
After completing this course the student will be able to:
1.
Define and discuss all aspects of the conceptual framework underlying financial accounting;
2.
identify and record accounting transactions by journalizing and posting information;
3.
prepare and analyze the income statement, the balance sheet, the statement of retained earnings, and the statement of cash flows;
4.
understand and apply the concept of the time value of money;
5.
accurately report and value cash and receivables;
6.
identify and record the major inventory valuation cost flow assumptions;
7.
account for the cost, depreciation, and disposition of all assets;
8.
discuss issues related to intangible assets; and
9.
become familiar with the International Financial Reporting Standards (IFRS) and iGAAP.
INSTRUCTION AND EVALUATION METHODS:
1.
HOMEWORK
All chapter homework will be completed in WileyPLUS. There are three attempts allowed for the homework problems. We will work through problems in class as time allows. If you have a laptop, please bring it; otherwise, we will provide one for you to use during class.
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2.
EXAMS
Four exams are given throughout the semester (see syllabus for dates). The final exam is comprehensive. If a student expects to be absent, arrangements may be made in advance. No late exams will be allowed. The final exam date is set by the Registrar.
3.
ATTENDANCE/PARTICIPATION
Students are expected to come to class on time, attend the entire period, and be prepared for the class by reading through the chapter and working through some examples before class.
This is an upper-level accounting class, so I am sure that you are aware of what constitutes acceptable classroom behavior. Professionalism is expected in the classroom. Every students starts out with the full 50 points allotted for attendance/participation; I will let you know in writing when/if you have been docked points.
DISABILITY SERVICES
If you need course adaptations or accommodations because of a disability, or if you have emergency medical information to share with me, please do so within the first week of class. The Disability Services Office (RCH
111) is available to help you with your requests.
FERPA STATEMENT
The Family Educational Rights and Privacy Act (FERPA) is a federal law designed to protect the privacy of student education records and is enforced by the U.S. Department of Education. In essence, the act states that
1) students must be permitted to inspect their own “education records” and 2) “school officials” may not disclose personally identifiable information about a student without written permission from the student. For further information on FERPA and LCSC’s directory information policy, visit www.lcsc.edu/registrar or call
(208)792-2223.
GRADING SCALE
93 – 100 = A
TENTATIVE POINTS CALCULATED
HOMEWORK 150
90 – 92.99 = A-
87 – 89.99 = B+
83 – 86.99 = B
80 – 82.99 = B-
77 – 79.99 = C+
73 – 76.99 = C
70 – 72.99 = C-
60 – 69 = D
EXAMS (4 @ 100 pts.)
ATTENDANCE/PARTICIPATION
In-Class CASE STUDIES
TOTAL
400
50
75
675
Below 60 = F
This is a required business course. Students must pass this course with a grade of “C” or better. (C minus is not a passing grade).
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TENTATIVE CLASS SCHEDULE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
15
August 24, 2015 3: The Accounting Information System
August 31, 2015 1: Financial Accounting and Accounting
Standards
2: Conceptual Framework for Financial
Reporting
E3-1, 4, 6
P3-6, 8, and 9
(Due 8-31-15)
(Ch 1) CA1-3, 12, 15
(Ch 2) E2-4, 5, 6
(Due 9-14-15)
Sept. 7, 2015 LABOR DAY – CAMPUS CLOSED
September 14,
2015
September 21,
2015
September 28,
2015
In-class Case/
4: Income Statement
5: Balance Sheet
October 5, 2015 6: Time Value of Money
E4-4, 8
P4-1, 2, 3
(Due 9-28-15)
E5-2, 7, 8
P5-2, 3, 5
(Due 10-5-15)
E6-4, 12, 13
P6-1, 3, 8
(Due 10-12-15)
October 12,
2015
October 19,
2015
October 26,
2015
November 2,
2015
In-class Case/
7: Cash and Receivables
8: Valuation of Inventories
10: Acquisition and Disposition of PPE
E7-7, 22, 24
P7-2, 12, 14
(Due 10-26-15)
E8-7, 16, 17
P8-3, 5
(Due 11-02-15)
E10-1, 17, 24
P10-3, 8
(Due 11-09-15)
November 9,
2015
November 16,
2015
In-class Case/
11: Depreciation, Impairment, and
Depletion
Nov. 23, 2015 THANKSGIVING BREAK– CAMPUS CLOSED
December 7, 12: Intangible Assets E12-1, 3, 5, 9, 12
2015 P12-3
(Due 12-14-15)
December 14,
2015
E11-4, 6, 11
P11-1, 6, 11
(Due 11-30-15)
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The Business Division of Lewis-Clark State College has the overall LCSC accreditation by the Northwest
Commission on Colleges and Universities (NWCCU), and is also accredited by the International Assembly for
Collegiate Business Education (IACBE). We are required to identify the Common Professional Components
(CPCs) that are presented in our courses to assure our students are receiving a business education similar in content to all other IACBE schools. For AC 331, you are receiving instruction in the following CPC areas:
AC 331 Component Hours
A. Accounting (ACT)
B. Marketing (MKT)
C. Finance (FIN)
D. Management
1. Management Principles (MGT)
2. Organizational Behavior (OB)
3. Human Resource Management (HRM)
4. Operations Management (OM)
Total Management
E. Economic/Social/Legal Environment
1. Legal Environment of Business (LAW)
2. Economics (ECN)
3. Business Ethics (ETH)
Total Economic/Social/Legal Environment
F. Decision-Support Tools
1. Information Systems (IS)
2. Quantitative Methods/Statistics (QM)
Total Decision-Support Tools
G. Global Dimensions of Business (GLOB)
H. Integrative Experience (INT)
45
0.0
2
2
2
0
0
0.5
0.5
1
0
2
0
1
1
2
0
Total Contact Hours
54.0
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Consumer Information
In 2008, the federal government required all post-secondary institutions offering federal financial aid programs to provide key data to both prospective and current students. To comply with this requirement, Lewis-Clark State College has developed a consumer information page, which may be accessed at http://www.lcsc.edu/consumer-information/
Disability Accommodations
Students requiring special accommodations or course adaptations due to a disability and/or a health-related issue should consult their course instructors and the LCSC Student Counseling Center immediately (RCH 111, 792-2211). Official documentation may be required in order to provide an accommodation and/or adaptation.
Student Rights and Responsibilities
Students have the responsibility for knowing their program requirements, course requirements, and other information associated with their enrollment at LCSC. Students should review the LCSC General Catalog
( http://webdev.lcsc.edu/catalog and the LCSC Student Handbook ( http://www.lcsc.edu/media/2157659/Student-
Handbook.pdf
) for more information.
Accidents/Student Insurance
Students participating in LCSC classes normally must look to their personal health insurance policy (Student Health
Insurance Plan or comparable private coverage) should an accident occur. In the event of an accident, please seek medical help, if necessary, and report the incident to LCSC Security (792-2226). Fieldtrips or other special student activities may also require students to submit a signed participation waiver (forms can be obtained from the supporting Division Office).
Enrollment Verification/Attendance
Students who are not actively pursuing their classes may have to repay part or all of their financial aid awards depending upon the circumstances.
Academic Dishonesty
Academic dishonesty, which includes cheating and plagiarism, is not tolerated at LCSC. Individual faculty members may impose their own policies and sanctions regarding academic dishonesty after offering the student an opportunity to explain his or her actions. Sanctions imposed by the faculty member are limited to grades on the assignment(s) in question and/or on the course grade. On matters of academic dishonesty, faculty members do not have the authority to dismiss a student from class indefinitely nor to disenroll a student from a program without corroboration from a Division Chair (or program ethics committee where applicable), the appropriate instructional dean, and the Vice President for Student Affairs. Students who are accused of being academically dishonest may be referred to the VP for Student Affairs for official disciplinary action.
Illegal File Sharing
Students using LCSC’s computers and/or computer network must comply with the college’s appropriate use policies and are prohibited from illegally downloading or sharing data files of any kind. Specific information about the college’s technology policies and its protocols for combating illegal file sharing may be found on the VP for Student Affairs’ web page ( http://www.lcsc.edu/student-affairs/student-code-of-conduct/ ).
Diversity Vision Statement
Regardless of race, color, age, sex, religion, national origin, disability, veteran status, or sexual orientation, you will be treated and respected as a human being.
Disclosures
During this course, if you elect to discuss information with me which you consider to be sensitive or personal in nature and not to be shared with others, please state this clearly. Your confidentiality in these circumstances will be respected unless upholding that confidentiality could reasonably put you, other students, other members of the campus community, or me in danger. In those cases or when I am bound by law to report what you have told me, such as incidents involving sexual assault or other violent acts, I will submit a report to appropriate campus authorities.
Student Feedback
Students shall be provided the opportunity to formally evaluate each course in which they are enrolled. Notification of student feedback opportunity and timelines will be made through the official LCSC student email (currently LCMail) or online course learning management (currently Blackboard Learn) systems.
Approved by VP for Student Affairs & Provost 5/12/2015
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