LEWIS‐CLARK STATE COLLEGE INTERMEDIATE ACCOUNTING AC‐332‐01 CLASS SYLLABUS Spring Semester 2016 TEXT and Website Access: INTERMEDIATE ACCOUNTING 15TH ED, WEYGANDT, KIESO & WARFIELD and ACCESS TO “WILEYPLUS” (see info below under “Submitting Work Online”) Instructor: Karen Andrews, CPA, MAcc Associate Professor Contact Info: klandrews@lcsc.edu (208) 792‐2352 Office: Thomas Jefferson Hall Room 209 Office Hours: Tuesdays and Thursdays 9:00 a.m. ‐ Noon COURSE OVERVIEW This course is a continuation of Intermediate Accounting I, AC 331. Students will explore the accounting issues, terminology, transactions, and practices more in depth. Corporate accounting and preparation of corporate financial statements provide the major basis of study. This course is a required course for the management accounting emphasis and must be passed with a grade of “C” or better. It also serves as a major course preparing students for the accounting profession, advanced accounting degrees, and professional exams. Submitting Work Online: All assigned homework must be prepared and submitted on the WileyPLUS website. You will need a WileyPLUS access code that comes bundled with your textbook or that you purchased online. If you wish to purchase only the e‐book and the online homework directly from Wiley you can access the link through the class URL: www.wileyplus.com/class/491482
NOTE: If you purchased access to WileyPLUS for AC 331 last semester, please log into WileyCHAT and speak with a customer service representative. Inform them that last semester’s class was integrated with Blackboard and this semester’s class is a stand‐alone class. They will provide you with an access code. If you experience any technical difficulties in registering or accessing the course, please contact support at http://www.wileyplus.com/support All homework will be done and submitted in WileyPLUS. 1
COURSE OBJECTIVES After completing this course the student will be able to: 1. understand and use the appropriate accounting terminology; 2. journalize and post accounting transactions concerning advanced accounting issues; 3. prepare and analyze the income statement, the statement of retained earnings, the balance sheet, and statement of cash flows for corporations; 4. account for investment transactions; 5. identify and compute ratios for use in financial analysis; 6. prepare tax‐related entries; 7. account and report for different types of leases; 8. apply the revenue recognition principle; 9. examine supplemental financial information and 10. become familiar with International Financial Reporting Standards (IFRS). 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 exercises during classtime and some of the problems in class as time allows. 2. EXAMS Four exams are given throughout the semester (see syllabus for dates). If a student expects to be absent, arrangements may be made in advance. No late exams will be administered. 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 confident 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. 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. 2
GRADING SCALE TENTATIVE POINTS CALCULATED 93 – 100 = A HOMEWORK 100 90 – 92.99 = A‐ EXAMS (4 @ 100 pts.) 400 87 – 89.99 = B+ ATTENDANCE/PARTICIPATION 50 83 – 86.99 = B CASE STUDIES (3 @ 25 pts.) 75 80 – 82.99 = B‐ 77 – 79.99 = C+ 73 – 76.99 = C TOTAL 625 70 – 72.99 = C‐ 60 – 69 = D 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). TENTATIVE CLASS SCHEDULE WEEK DATE CHAPTER 1 Jan. 25, 2016 2 Feb. 1, 2016 Ch 13 Current Liabilities / Contingencies Ch 14 Long‐term Liabilities 3 Feb. 8, 2016 Ch 15 Stockholders’ Equity 4 Feb. 15, 2016 5 Feb. 22, 2016 6 Feb. 29, 2016 LCSC Closed EXAM I Ch 16 Dilutive Securities and EPS 7 8 Mar 7, 2016 Mar 14, 2016 Ch 17 Investments Ch 18 Revenue Recognition 9 Mar 21, 2016 EXAM II 10 11 12 13 14 Mar 28, 2016 Apr 4, 2016 Apr 11, 2016 Apr 18, 2016 Apr 25, 2016 15 15 May 2, 2016 May 9, 2016 SPRING BREAK Ch 19 Accounting for Income Taxes Ch 21 Accounting for Leases EXAM III Ch 22 Accounting Changes and Error Analysis Ch 23 Statement of Cash Flows Review/FINAL EXAM 3
Homework (Details in WileyPLUS) Pre‐class assignment due Ch 13 assignment due Ch 14 assignment due Ch 15 assignment due Case Study #1 due Ch 16 assignment due Ch 17 assignment due Ch 18 assignment due Case Study #2 due Ch 19 assignment due Ch 21 assignment due Case Study #3 due Ch 22 assignment due Ch 23 assignment due 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 332, you are receiving instruction in the following CPC areas:
AC 332 Component
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)
Hours
45
0.0
5
0.0
0..0
0.0
0
Total Management
E.
0
Economic/Social/Legal Environment
1.
Legal Environment of Business (LAW)
2.
Economics (ECN)
3.
Business Ethics (ETH)
0
0
2
Total Economic/Social/Legal Environment
F.
2
Decision-Support Tools
1.
Information Systems (IS)
2.
Quantitative Methods/Statistics (QM)
0
0
Total Decision-Support Tools
G.
Global Dimensions of Business (GLOB)
H.
Integrative Experience (INT)
0
2
0
Total Contact Hours
54.0
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LEWIS-CLARK STATE COLLEGE Syllabus Addendum
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/StudentHandbook.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.
Student Work
Student work for this course (assignments, quizzes, exams, projects, etc.) may
be copied and retained for program assessment or accreditation purposes. For more information, speak with the instructor or
division chair.
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Approved by VP for Student Affairs & Provost 7/07/2015
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