INSTRUCTOR: Richard Kloes, CPA
E-Mail: richard.kloes@wnc.edu
PHONE: Home: 423-2158
Work: 423-8330 x 2258
OFFICE HOURS:
Mon & Wed: 8:00 AM to 9:00 AM
Tue & Thu: 4:00 PM to 5:30 PM
Fri: Available all day by appointment
OFFICE: Fallon Campus-Pinion 8
SPRING 2015
ACC 204
INTERMEDIATE ACCOUNTING II
REQUIRED TEXT: Intermediate Accounting by Kieso and Weygandt, 15th edition.
ISBN #: 9781118566640. (Note: this is the same textbook and access code that was
used for ACC203)
COURSE DESCRIPTION: This is a 3 credit course. Emphasizes accounting theory
and concepts in corporate accounting. Areas of focus will include stockholder's
equity, investments in securities and funds, financial reporting, and analysis of
financial statements. Note: Non-transferable for an NSHE baccalaureate degree
COURSE OBJECTIVES: Upon completion of this course, a student will be able to:
1. Explain the accounting issues related to long-term liabilities.
2. Identify and explain the accounting issues related to stockholders’ equity,
including convertible securities and warrants and their effect on reporting
earnings per share.
3. Recognize, measure and prepare journal entries relating to debt and equity
investments.
4. Identify the guidelines used to determine when revenue should be recognized.
5. Discuss the guidelines that companies must follow in reporting income
taxes.
6. Identify and explain accounting issues relating to pensions, benefit plans
and leases
7. Identify reporting standards relating to accounting changes, error analysis
as well as the full disclosure principle.
8. Explain the main components of the statement of cash flows, the types of
information it provides and well as its preparation.
EVALUATION OF PERFORMANCE: Your final course grade will be weighed on
based on the following areas:
Examinations
Quizzes
Homework
Writing Exercises
50%
20%
20%
10%
93
90
87
83
80
77
to
to
to
to
to
to
100
92
89
86
82
79
=
=
=
=
=
=
A
AB+
B
BC+
73 to 76 = C
70 to 72 = C67 to 69 = D+
63 to 66 = D
60 to 62 = DBelow 60 = F
Instructors no longer have the ability to give students a “W” for the course should
they fail to complete it. Accordingly, if you feel you will not pass the course, you
must drop the course no later than Friday, March 27 to receive a “W”. If you drop
the course at any time after this date and do not pass the course, I am required to
issue the grade of an “F”.
MY POLICY ON ACADEMIC INTEGRITY: You are expected to do your own work in
this class. I do not tolerate ANY form of academic dishonesty. The college’s academic
integrity policy can be found at the following link.
http://www.wnc.edu/policymanual/3-4-5.php
Any student found guilty of academic dishonesty will receive a failing grade for the
class and be immediately removed from the course. In addition, students allowing a
classmate to plagiarize their own work will also fail and be immediately removed.
Please don’t try it. It is not worth it. .
EXAMINATIONS: There will be 4 examinations given throughout the semester
covering material assigned since the last exam. Exams will be taken in Canvas and
will be open-book, open-notes. You will have three (3) hours to complete each exam.
Make up exams will only be allowed with the prior consent of the instructor.
QUIZZES: At the end of each chapter you will be required to complete a quiz. The
quizzes are done online. These are designed to review the basic concepts that you
should have learned in the chapter. There is no time limit on the quizzes and you are
allowed to use your books, notes, and homework when completing the quiz.
WRITING EXERCISES: For each chapter, you will be given a question relating to a
topic that was covered in the chapter. You will be required to answer the question.
Your response should be long enough to fully address the question and to show that
you understand the material. One sentence responses will not be acceptable.
HOMEWORK: Homework is a required part of this course and will be graded. Go to
our class on the “Wiley Plus” homepage for the homework problems that are
assigned.
MY AVAILABILITY: The best time to get a hold of me is from Monday through
Thursday. I am consistently checking my email during this time all throughout the
day and promise to have a response to your emails or phone calls within 24 to 48
hours depending on how involved the response is. Fridays are hit and miss as I
usually have meetings scheduled. I occasionally check my email on Saturday so you
might get lucky then. . On Sundays, I go into the “witness protection program”, so
you will have to wait until Monday for a response. .
LATE WORK: As a general rule, I do not accept late work. It is your responsibility to
understand what assignments you will be graded on (refer to the syllabus), when the
due dates are for each assignment, and to have submitted your assignment by the
specified due date. If you are unclear as to when the due date of a specific
assignment is, I expect you to contact me for clarification.
However, I do understand that sometime “life gets in the way”. Accordingly, if you
have a VALID reason (e.g. - medical or family emergency) that prevented you from
meeting a specific due date, please let me know and I will consider it.
Valid reasons do NOT include: (these are not all inclusive)
1. I don’t understand the material and need more time to study and/or
complete the assignment.
2. Any reason having to do with PROCRASTINATION. (e.g. – waiting
until the last minute)
3. I ran out of time or had “too many other things going on”.
4. Overextending yourself by taking too many classes at once.
5. I did not know it was due then or was confused about the due date.
6. I did not know we had to do that assignment.
7. I had computer problems
8. I was not able to buy my book until late.
You can avoid late work by doing the following:
1. Read the syllabus to understand what assignments you will be graded
on
2. Pay attention to due dates that are given to you in Canvas and
WileyPlus.
3. Ensure you have a reliable, working computer before class begins
4. Above all else – stay on top of the work and don’t fall behind (aka: DO
NOT PROCRASTINATE)
EXTRA CREDIT WORK
There is no opportunity for extra credit work in this class. Additionally, there are no
“do over’s” on the chapter quizzes or exams. You only get one chance on the chapter
quizzes and exams, so before you take them, make sure you are prepared and give it
your best shot the FIRST time.
MISCELLANEOUS HOUSEKEEPING ISSUES
1. Technical Issues: There is a prerequisite to taking this course. You MUST have
taken ACC201-Financial Accounting before taking his course. In addition,
you are to have some computer skills and be able to successfully navigate through
Canvas and Wiley Plus. This will be required in order to complete many of the
assignments in this course. Should you have any technical difficulties with either
Canvas or Wiley Plus, they can be resolved by going to the following sites:
Canvas: http://www.wnc.edu/wnconline/ . Then click on “Tutorials and Help”
Wiley Plus: by clicking on the “Get Tech Support” link on the Wiley Plus login
page.
SCHEDULE
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Thu
Tue
Jan 20
Jan 22
Jan 27
Jan 29
Feb 3
Feb 5
Feb 10
Feb 12
Feb 17
Feb 19
Feb 24
Feb 26
Mar 3
Mar 5
Mar 10
Mar 12
Mar 17
Mar 19
Mar 24
Mar 26
Mar 31
Apr 2
Apr 7
Apr 9
Apr 14
Apr 23
Apr 28
Apr 30
May 5
May 7
May 12
Introduction
Chapter 14
Chapter 14 Homework
Chapter 15 (CARSON CAMPUS)
Chapter 15 Homework
Chapter 16
Chapter 16 Homework
Review for Exam
EXAM #1 - CHAPTERS 14 - 16
Chapter 17 (CARSON CAMPUS)
Chapter 17 Homework
Chapter 18
Chapter 18 Homework
Chapter 19 (CARSON CAMPUS)
Chapter 19 Homework
EXAM #2 - CHAPTERS 17 - 19
SRING BREAK
SRING BREAK
Open
Chapter 20
Chapter 20 Homework
Chapter 21 (CARSON CAMPUS)
Chapter 21 Homework
Chapter 22
Chapter 22 Homework
EXAM #3 - CHAPTERS 20-22
Chapter 23 (CARSON CAMPUS)
Chapter 23 Homework
Chapter 24
Chapter 24 Homework
EXAM #4 - CHAPTERS 23 AND 24
Note: Schedule is subject to change based on circumstances.