`Miami University
Accountancy 321
Spring 2010
Philip G. Cottell Jr.
Office: 2029 FSBl
Office Phone: 529-6214
e-mail: cottelpg@muohio.edu
WWW: http://www.sba.muohio.edu/cottelpg/
Office Hours:
11:00-12:30 TTh
9:00-11:00 W
Last day to drop this course without a grade is February 1
Last day to drop this course with a grade of “W” is March 25
After March 25 this course may not be dropped except by petition.
Required Materials: 1. Text: Kieso, D. E., J. J. Weygandt and T. D. Warfield,
Intermediate Accounting, 13th ed., Wiley.
2. “Red Book.” This may be obtained on the course Web page
http://www.fsb.muohio.edu/cottelpg/ACC321/default.htm. Bring
your copy of the Blue Book to each class.
2. One pad of 8½ X 11, six column accounting paper. This will be
used on occasion in class. It is required for tests. I recommend
you do homework on it to familiarize yourself with its use. You
may obtain accounting paper with the free down load on the
course web page or you may purchase it at Wal Mart.
3. On tests you will need a calculator that has at least four-function
capability and that can handle a minimum of four decimal places.
Accounting 321 Learning Objectives
(1) Establish a foundation for understanding generally accepted accounting
principles:
Students will gain knowledge about the nature of accounting principles, the logic
behind their development, and the conceptual issues inherent in their practical
application including (but not limited to): the conceptual framework, objectives of
financial reporting, qualitative characteristics of accounting information, and the
measurement and recognition concepts underlying an accrual-basis accounting
system.
(2) Develop technical accounting proficiency:
Students will expand their knowledge of financial accounting beyond that gained
through completion of introductory coursework by recording and reporting
Accountancy 321 Syllabus—Spring 2010
2
intermediate-level transactions in accordance with authoritative standards including
(but not limited to): the recognition, measurement, and disclosure of assets, liabilities,
equity, revenues, expenses, gains, losses, and cash flows.
Course Outline
Meeting
Number
1
2
Date
1/12
1/14
3
1/19
4
1/21
5
1/26
6
1/28
7
2/2
8
2/4
9
2/9
10
2/11
11
2/16
12
2/18
13
14
15
2/23
2/25
3/2
16
3/4
3/8—3/12
17
3/16
Topic
Course Introduction
Financial Accounting and
Accounting Standards
Conceptual Framework
Underlying Financial
Accounting.
The Accounting Information
System
The Accounting Information
System
Income Statement and
Related Information
Income Statement and
Related Information
Balance Sheet and Statement
of Cash Flows
Cash and Receivables
Study Aides
Read Kieso, Chapter 1
Work CA1-13 ; CA1-17
Read Kieso, Chapter 2
Work E2-3 ; E2-7 ; CA2-7
Read Kieso, Chapter 3
Work P3-1 ; P3-3
Review Kieso, Chapter 3
Work P3-4; P3-7
Read Kieso, Chapter 4
Work E4-6
Review Kieso, Chapter 4
Work E4-9; E4-13; CA4-9
Read Kieso, Chapter 5
Work E5-3, P5-5
Read Kieso, Chapter 7
Work E7-1: P7-3
Cash and Receivables
Review Kieso, Chapter 7
Work P7-7
Valuation of Inventories: A
Read Kieso, Chapter 8
Cost-Basis Approach
Work P8-2; P8-3
Valuation of Inventories: A
Review Kieso, Chapter 8
Cost-Basis Approach
Work P8-8
First Examination
Chapters1, 2, 3, 4, 5, 7, 8
Cooperative Exam Critique Chapters1, 2, 3, 4, 5, 7, 8
Inventories: Additional
Read Kieso, Chapter 9 (Include
Valuation Issues
Appendix 9A)
P9-2; P9-4
Inventories: Additional
Review Kieso, Chapter 9
Valuation Issues
P9-7; P9-11
Spring Break
Acquisition and Disposition
Read Kieso, Chapter 10
of Property, Plant and
P10-3; P10-4
Equipment.
Accountancy 321 Syllabus—Spring 2010
Meeting
Number
18
Date
3/18
19
3/23
Topic
Acquisition and Disposition
of Property, Plant and
Equipment.
Depreciation and Depletion
20
3/25
Depreciation and Depletion
21
3/30
Current Liabilities
22
4/1
Current Liabilities
23
4/6
Long Term Liabilities
24
4/8
Long Term Liabilities
25
4/13
Long Term Liabilities
26
27
28
4/15
4/20
4/22
Second Examination
Cooperative Exam Critique
Stockholders’ Equity
29
4/27
Stockholders’ Equity
30
4/29
Stockholders’ Equity
31
Final Exam Review
32
Final Examination
3
Study Aides
Review Kieso, Chapter 10
P10-7; P10-8
Read Kieso, Chapter 11. Skip section
on Impairments (pp.534-537).
Work P11-2; P11-10
Review Kieso, Chapter 11.
Work P11-12
Read Kieso, Chapter 13
Work P13-4
Review Kieso, Chapter 13
Work P13-7; P13-12
Read Kieso, Chapter 14.
Work E-14-10; P14-1
Review Kieso, Chapter 14.
Work P14-2; P14-5
Review Kieso, Chapter 14.
Work E-14-16; P14-9
Chapters 9, 10, 11, 13, 14
Chapters 9, 10, 11, 13, 14
Read Kieso, Chapter 15
Work P15-6; P15-8
Review Kieso, Chapter 15.
Work E15-18
Review Kieso, Chapter 15
Work P15-12
Time and place of review to be
announced.
Comprehensive. Time and place of
the exam to be announced.