ACCT 3110
Intermediate Accounting I
Fall Semester, 2006
Instructor:
Office:
Office Telephone:
Office Hours:
Class Meets:
Internet:
GTA:
Email:
Dr. C. Wayne Alderman
342 Lowder Business Building
844-6209
T H 10:45 – 11:45; and by prior appointment
T H 8:00 - 9:15 a.m. in Lowder 015
T H 9:30-10:45 a.m. in Lowder 015
http://www.business.auburn.edu/~alderman
Harrison Lewis; lewish@auburn.edu
alderman@business.auburn.edu
Course Objectives
ACCT 3110 is designed to give the student comprehensive knowledge of financial
accounting theory and principles and to acquaint the student with current
financial statement measurement and disclosure concepts/standards.
Additionally, this course is designed to develop the student’s abilities to
analyze and understand business transactions, record these transactions in an
accounting system, and assess the impact of various accounting treatments on a
firm’s financial statements.
Prerequisites
Principals of Financial Accounting (ACCT 2110)
2.2 GPA
Course Materials
Required:
Intermediate Accounting by Nikolai, Bazley and Jones; 10th
edition
Texas Instruments, T1-1706 version Calculator
Recommended: Financial Accounting: Exam Questions and Explanations, Gleim
and Collins (to practice multiple choice questions)
Class Organization and Assignments
Class time will be divided between lecture/discussion and problem solving.
Certain homework problems will be used as demonstration problems and will be
discussed fully in class. Most problems will be covered by simply providing
check figures, or by responding to your questions on any unclear points in the
solution.
Reading and problem assignments are listed on the Schedule of Assignments.
Advance preparation for each class is expected. Assigned problems should be
completed on a timely basis so that (1) you will be able to benefit fully from
class discussion, and (2) you will be prepared to ask specific questions
concerning the more troublesome aspects of the assignment.
Course Requirements and Grades
‫ ־‬Four exams will be given on the dates specified on the Schedule of
Assignments. The dates scheduled for these exams will not be changed
for any reason, although the coverage for any given exam may be
changed if necessary. Any coverage changes will be announced in class.
Exam
Exam
Exam
Exam
1
2
3
4 (final) (comprehensive)
100
100
100
100
400 points
-
Exams consist of multiple-choice questions, which require a green
scantron sheet, and problems.
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A make up exam will only be given if a student misses an exam with an
acceptable excuse as outlined in the Tiger Cub and the instructor must
be notified in writing in advance. Otherwise, a student will receive a
zero for that exam. Makeup Exams are scheduled for Friday afternoons
and are administered through the School of Accountancy.
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Students may use a T1-1706 calculator during the exam. Any other
calculator will be taken up during the exam.
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After each exam, students will be allowed to view the exam both in
class and outside of class for a specified time period. The time and
places for these opportunities will be announced in class. No
additional reviews will be allowed.
Academic Honesty
Each student is expected to comply with the University’s policy on academic
dishonesty. Any student who engages in any form of academic dishonesty is
subject to the maximum allowed disciplinary action.
General Points
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Drop policies dictated by the Auburn University Bulletin and the Tiger
Cub Student Handbook will be strictly followed. The drop date is
October 6, 2006.
Any student, who, because of a disability, may require some special
arrangements in order to meet the course requirements, should contact
me as soon as possible to make the necessary accommodations.
Smoking, eating, and drinking (other than water) in class are
prohibited.
Students must have an overall 2.2 GPA to take upper-division business
courses. This prerequisite is strictly enforced.
No cell phones can be active in class.
Solutions to the textbook problems and exercises are on my website.
You will need the following information:
Username: student
Password: accounting
Suggested Study Approach for ACCT 3110:
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Before a lecture, read the assigned material in order to be
familiar with concepts. Attempt the homework assignments and in a
timely manner.
Come to class and listen to the lecture on the assigned material.
Ask questions regarding any unclear points.
Work the homework assignments while referring back to the text,
the lecture, and the examples in the chapter.
Study for the exam - start at least 1 week ahead of time.
Practice! Practice! Practice! You need to understand the material;
not just mechanically memorize it. Exams are designed to measure
your understanding.
Disclaimer
The instructor reserves the right to change deadlines, the course schedule,
and classroom procedures and policies if circumstances dictate. Any such
changes will be announced in class in advance.
Acct 3110
Dr. Wayne Alderman
Fall Semester, 2006
Date
Chapter
Class Intro & 1
8/17 H
8/22 T
2
8/24 H
3
8/29 T
8/31 H
3
4
9/5
9/7
4
T
H
5
9/19 T
9/21 H
5
7
9/28 H
10/3
10/5
8
8
9
10/10 T
10/12 H
10/17 T
9
10/24 T
The Balance Sheet and
the Statement of
Changes in
Stockholder’s Equity
C2-1,C2-2,C2-5,C2-12,
C2-13, C2-14,C2-15
E3-2,E3-3,E3-5,E3-6,
E3-7,E3-8,E3-10,P3-1,
P3-3,P3-4,P3-9,P3-10
E4-5,P4-1,P4-5,P4-8,
P4-9,P4-11,P4-13
Review Exam 1
The Income Statement
and Statement of Cash
Flows
E5-4,#5-6,35-9,
E5-13,35-15,p5-3,
P5-5,P5-10,E7-18
Cash and Receivables
E7-9,E7-10,E7-18,
E7-21,P7-4,P7-5,P7-18
Inventories: Cost
Measurement and Flow
Assumptions
E8-3,E8-8,E8-10,E812,P8-1,P8-5,P8-8,P811
Inventories: Special
Valuation Issues
E9-1,E9-3,E9-6,E97,E9-11,E9-13,P9-2,P96,
P9-7,P9-9.P9-11
7 + Appendix
T
H
10/19 H
The Environment of
Financial Reporting pp.
1-15
Financial Reporting:
Its Conceptual
Framework pp. 26-54
Review of the
Accounting Process
Suggested Homework
Assignment
C1-2,C1-4
EXAM 1-Ch. 1,2,3,4
9/12 T
9/14 H
9/26 T
Topic
EXAM 2 – Ch. 5,7,8,9
Review Exam 2+
Appendix to
Ch. 6 and 14
14
Long-Term Liabilities
and Receivables
E-14-1,E14-4,E14-6,
E14-7,E14-9,E14-14,
E14-17 E14-18,E14-24,
E14-29,E14-30,E1432,P14-4
10/26 H
10/31 T
14
15
Investments
E15-2,E15-4,E15-5,E157,E15-14,E15-15,E1517,E15-18
11/2 H
11/7 T
11/9 H
15
15
18
Revenue Recognition
E18-2,E18-3,E18-6,
E18-9,P18-1,P18-6,
P18-6,P18-9
11/14 T
11/16 H
Nov. 20-24
18
EXAM 3 -Ch.14,15,18
11/28 T
THANKSGIVING
BREAK
Review Exam 3
11/30 H
23
12/5 T
23
Accounting Changes and
Errors
E221,3,5,8,9,10,11,12,
13,P22-2,5,9,11,13,14
FINAL EXAM--- 8:00 a.m. Class, 2:00 p.m., Wednesday, December 13th
9:30 a.m. Class, 2:00 p.m., Saturday, December 9th