Intermediate Accounting I
ACCT 3110
Summer Semester, 2007
Instructor:
Office:
Office Telephone:
Office Hours:
Class Meets:
Internet:
E-mail:
Dr. Jeff Jones
336 Lowder Business Building
844-6223
T H 11:15 – 1:00, and by appointment
T H 8:00 – 9:30 and 9:45 – 11:15 in Lowder 015
http://www.business.auburn.edu/~jonesj6
jjones@business.auburn.edu
Course Objectives
ACCT 3110 is the first of three courses (followed by ACCT 3120 and ACCT 6130) designed to give
you a comprehensive knowledge of financial accounting theory and principles and to acquaint you
with current financial statement measurement and disclosure concepts/standards. Additionally, this
course is designed to develop your ability 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. While you were exposed to these topics in ACCT 2110, the
coverage in this course is more in depth and intense.
This course serves as one step in the learning process. The constantly changing accounting and
business environment necessitates continual learning on the part of the accounting or business
professional. Therefore, a secondary objective of this course is to provide you with a foundation for
life-long learning.
Prerequisite

Principles of Financial Accounting (ACCT 2110)
Course Materials
 Required: Intermediate Accounting by Nikolai and Bazley, 10th edition
 Course Packet, available Engineering Duplicating Center – Ramsay Hall
 Texas Instruments, TI-1706 version Calculator
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. Other
problems will be covered by simply providing check figures, or by my responding to your questions on
any unclear points in their solution.
Reading and problem assignments are listed on the Schedule of Assignments. Advance preparation
for each class is expected. I urge you to complete the assigned problems 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 last exam is
not comprehensive. 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 and posted on my website. The distribution of points and the tentative grading
scale are as follows:
Exam 1
100 points
Exam 2
100
Exam 3
100
Exam 4
100
Total Points
400 points
Tentative Grading Scale:
400 - 360 points (90%)
A
359 - 320 points (80%)
B
319 – 280 points (70%)
C
279 - 240 points (60%)
D
Below 240 points
F
 Exams consist of multiple-choice questions, which require a green scantron sheet, and problems.
Grades are not usually curved; however, the instructor reserves the right to do so if an adjustment is
deemed necessary.
 A make-up exam will only be given if you miss an exam with an acceptable excuse as outlined in
the Tiger Cub. In the event that you must miss an exam, the instructor must be notified in writing in
advance. A missed exam without an approved excuse will result in zero for that exam.
 The instructor reserves the right to deduct 5 or 10 points (depending on severity) from your point
total at the end of the quarter for any of the following: excessive tardiness, sleeping in class,
disrupting class (e.g. conversations with classmates), studying for another course during class,
reading the newspaper, and “packing up” prior to class being dismissed.
Academic Honesty
You are expected to be familiar 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.
Any student, who, because of a disabling condition, may require some special
arrangements in order to meet 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.
Per the School of Accountancy policy, the only calculator permitted for examinations is
the TI-1706 version. The calculator is to be removed from its case prior to the exam and
no calculator may be shared. The use of any unauthorized calculator during an exam will
be considered the same as the use of any other unauthorized material (as an act of
academic dishonesty). Penalties for such acts can be severe.
Students must have an overall 2.2 GPA to take upper-division business courses.
This prerequisite is strictly enforced.
Auburn University is committed to providing accommodations and services
to students with documented disabilities. Students who have questions or
need special accommodations to participate in distance education courses
should contact The Program for Students with Disabilities, 1244 Haley Center,
Auburn University, AL 36849; PH: (334) 844-2096; FAX: (334) 844-2099;
E-Mail: haynemd@auburn.edu; URL: http://www.auburn.edu/disability.
Suggested Study Approach for ACCT 3110:
 Before a lecture, read the assigned material in order to be familiar with the
concepts. Attempt the homework assignments.
 Come to class and actively listen to the lecture on the assigned material and work
all in-class exercises. Ask questions regarding any unclear points.
 Reread the assigned material very thoroughly (make yourself an outline of the
chapter if it helps).
 Work the homework assignments while referring back to the text, your lecture
notes, and any examples (in the chapter or from in-class exercises)
 Study for the exam (reread material, rework problems, etc..) Practice is the key.
Disclaimer
The instructor reserves the right to change deadlines, the course schedule, and classroom
procedures and policies if circumstances dictate. Any changes will be announced in class.
ACCT 3110 Summer Semester 2007
Day
Date
Chapter Assignment
R
May 17
Schedule of Assignments and Exams
Homework (due next class period)
Class Organization, Introduction
pp. 2-26
pp. 30-58
pp. 64-88; 90-93
F
May 18
1
2
M
May 21
3
T
W
R
May 22
May 23
May 24
3
4
pp. 116-150
F
May 25
5
pp. 168-216
M
T
W
May 28
May 29
May 30
R
---C2-1, C2-2, C2-15
M2-5 through M2-10
E3-2, E3-3, E3-7, E3-8, E3-9, E3-10, E3-13
P3-1(requirement 1 only), P3-5, P3-7, P3-9
Test 1 – Chapters 1, 2 and 3
E4-4, E4-5, E4-7 (requirement 1 only), E4-8,
E4-10
P4-1, P4-4
E5-1, E5-3, E5-5, E5-9 (requirements 1 and 2
only), E5-13
P5-2, P5-11
No Class – Memorial Day
5
23
pp. 125-144
pp. 1198-1225
May 31
18
pp. 884 – 909
F
M
T
W
June 1
June 4
June 5
June 6
18
18
pp. 909 – 917
7
pp. 304-322; 332-337; 328-332
E7-1, E7-18, E7-21; E7-4, E7-7, E7-8
(requirements #1 &#2 only), E7-9, E7-10,
E7-15
P7-7, P7-8
R
F
June 7
June 8
7
8
pp. 358-381
M
June 11
8
pp. 381-391
T
June 12
9
pp. 412-423, pp. 426-430; 433
(Lower of Average Cost or Market
method only); 434-436; 439-442
E8-3, E8-6, E8-7, E8-8
P8-1, P8-5
E8-12
P8-9 (requirement 1 only)
E9-16, E9-2, E9-3, E9-4, E9-6, E9-10 (#4 only)
P9-17, P9-1, P9-10 (#4 only)
W
R
F
June 13
June 14
June 15
9
M
T
June 18
June 19
14
14
pp. 638-653
pp. 654-667
E14-1; E14-4, E14-5, E14-6, E14-8
E14-11, E14-13, E14-16, E14-19, E14-20
P14-4, P14-6 (skip #6), P14-8 (# 1, #2 only),
P14-9
W
June 20
14
15
pp. 704-720; 723-732
E15-1, E15-4, E15-5, E15-9, E15-10, E15-14
P15-1, P15-3
R
June 21
E5-16; P5-3, P5-10
E23-1, E23-3, E23-4, E23-7
E23-9, E23-11, E23-13 (requirement #2 only)
E18-2, E18-3, E18-6
P18-1, P18-5
E18-11, E18-14, E18-15
TEST 2 – Chapters 4, 5, 23 and 18
Review for Test 3
Test 3 – Chapters 7, 8, and 9
15
8:00 class – June 22
9:30 class – June 23
8:00 – 10:30 am
8:00 – 10:30 am
Final Exam/Test 4 – Chapters 14 & 15