COURSE SECTION INFORMATION
Financial, Office & Legal
Intermediate Accounting II
Business Accounting
Professor’s
Name:
Maria Belanger
Course Number: ACC2205
Email:
belangm@algonquincollege.com
Course Section: 420
Phone:
613-727-4723 ext. 5199
Academic Year: 2010/11
Office:
B-412c
Out of Class
Consultation:
Mon: 12–2pm
Wed: 2- 3pm
OR by appointment.
Term: Winter
Academic Level: 04
Section Specific Learning Resources
TEXT: "Intermediate Accounting"; Volumes 1 and 2, Ninth Canadian Edition;
Kieso, Weygandt, Warfield, Young and Wiecek; publisher John Wiley & Sons
Canada,Ltd.
ONLINE: Wiley Plus – Section 400
Students must register on the Wiley Plus account. The link will be provided in
class and on Blackboard.
Other related materials will be provided to the student as required.
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Learning Schedule
Ch
9
10
# of
Topic Material
Classes
4
INVESTMENTS
Pages 530 – 574 (OMIT APPENDIX 9A)
- Cost / Amortized cost model
- Fair value through net-income model (FV-NI)
- Fair value through other comprehensive income model (FVOCI)
- GAAP classifications
- Impairment
- Strategic Investments
- Financial statement presentation and disclosure
- IFRS and PE GAAP comparison
Assignments:
Brief Exercises: 9-1, 2, 3, 4, 5, 7, 10, 11, 12, 13, 14
Exercises: 9-1, 3, 5, 6, 8, 9, 10, 14, 17, 18, 19, 23, 24
Problems: 9-1, 5, 14
ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT
4
Pages 604-637 (OMIT APPENDIX 10A)
- Measurement of property, plant, and equipment at
acquisition
Exchange of assets
Monetary and non-monetary exchanges
Lump-sum purchases
Contribution of assets
- Understand and apply cost, revaluation, and fair value
models
- Costs subsequent to acquisition
- Natural resources
Assignments:
Brief Exercises: 10 - 1, 2, 4, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17
Exercises: 10 - 3, 7, 11, 12, 13, 15, 17, 18, 21, 24, 26, 28
Problems: 10 - 3, 5, 8(a)
TERM TEST No. 1 on Chapters 9 and 10
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12
13
DEPRECIATION, IMPAIRMENT AND DISPOSITION
3
Pages 676-716 (INCLUDE APPENDIX 11A)
- Factors involved in the depreciation process
- Methods of cost allocation
- Depletion of natural resources
- Impact of changes to depreciation estimates
- Account for the derecognition of property, plant, and
equipment
- Impairments
- Financial statement disclosure
- Calculation of capital cost allowance
Assignments:
Brief Exercises:11-2, 3, 4, 6, 7, 8, 9, 11, 13, 14, 16
Exercises: 11-4, 6, 8, 11, 13, 16, 20, 26, 30
Problems: 11-1, 5, 12, 13
INTANGIBLE ASSETS AND GOODWILL
3
Pages 742-779 (OMIT APPENDIX 12A)
- Recognition and measurement issues at acquisition
- Recognition and measurement of internally developed or
generated intangible assets
- Measurement after acquisition
- Types of intangible assets and deferred charges
- Goodwill
- Impairment of limited-life and indefinite-life intangibles and
goodwill
- Presentation
Assignments:
Brief Exercises: 12 - 2, 3, 5, 6, 9, 12, 16
Exercises: 12 - 1, 6, 9, 16, 18, 19, 20
Problems : 12 - 1, 9
CURRENT LIABILITIES AND CONTINGENCIES
Pages 833-875
- Nature and types of current liabilities
- Estimated Current Liabilities
- Employee-related Liabilities
- Guarantees and Customer Program obligations
- Decommissioning and Restoration Obligations
- Contingencies and Uncertain Commitments
- Financial statement presentation
Assignments:
Brief Exercises: 13 - 5, 9, 10, 11, 12, 13, 14, 15, 17, 18, 20, 21, 24
Exercises: 13-2, 5, 6(a), 7, 8, 11, 13, 15, 16, 18, 20, 22, 23
Problems: 13-1, 2, 4, 6
3
TERM TEST No. 2 on Chapters 11, 12 and 13
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LONG-TERM FINANCIAL LIABILITIES
Pages 908-934 (OMIT LEARNING OBJECTIVE 7)
- Nature of long-term liabilities
- Measurement and valuation of bonds and notes payable
- Special situations such as non-market rates of interest
- Derecognition of debt
- Reporting long-term debt
Assignments:
Brief Exercises: 1, 4, 5, 6, 7, 8, 9, 10, 11, 12, 16
Exercises: 1, 2, 3, 4, 5, 6, 8, 10, 12, 13, 15, 16, 17, 20, 30
Problems: 1, 2, 6, 7, 8, 9
15
SHAREHOLDERS’ EQUITY
5
Pages 960-990 (OMIT APPENDICES 15A & 15B)
- Overview of corporate form of business entity
- Share Capital
- Issuance for cash & other considerations
- Subscriptions of shares
- Lump sum sales of securities
- Reacquisition of shares
- Retained earnings
- Dividends: cash, in kind, participating, cumulative, liquidating
and stock
- Stock splits and stock dividends differentiated
- Contributed surplus and Accumulated other comprehensive
income
- Financial statement disclosures
Assignments:
Brief Exercises: 15 - 4, 5, 6, 7, 8, 10, 11, 12, 15, 16
Exercises: 15 - 1, 2, 3, 6, 7, 9, 10, 14, 16
Problems: 15 - 1, 2, 3, 5, 11
1
TERM TEST No. 3 on Chapters 14 and 15
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Other Important Information
1) The grading scheme for this course is as follows:
Assignments
Term Test 1
Term Test 2
Term Test 3
Total
20%
30%
25%
25%
100%
NOTE: You must achieve a weighted average grade of 50% (40/80) on the
three tests in order to have the assignment marks contribute to your final
grade.
2) Students are expected to attend all classes, read the textbook, do all
assigned problems and complete assignments by their due dates. Late
assignments will not be accepted.
If you do not have a valid reason, such as illness or family emergency, for
missing tests, then you will receive a “0” on that evaluation.
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