Course Outline for ADMS3595 Intermediate Accounting 2 (Summer 2012)
Section
A
Day
Time
Location
Professor
Start Date
Wednesday
4:00 to
7:00 pm
TEL0010
Prof. John Kucharczuk
ADMS3595@yorku.ca (TA)
The week of
May 7, 2012
Course Instructor
John Kucharczuk
jkuchar@yorku.ca
TA’s E-mail Address:
adms3595@yorku.ca
COURSE CALENDAR DESCRIPTION
This course, in conjunction with AK/ADMS 3585 3.0, develops thorough
knowledge and understanding of generally accepted accounting principles and
financial statement analytical skills by examining various technical areas of
financial accounting. Prerequisite: AP/ADMS 3585.
More specifically, this course is the first half of the intermediate financial
accounting course designed for the undergraduate accounting major and will
emphasize the financial accounting theory, rules, and procedures related to
assets side of the balance sheet as well as income statement and revenue
recognition.
COURSE PREREQUISITES
Prerequisite: AP/ADMS 3585 3.0. Those students who have not successfully
passed ADMS 2500 should not enroll in this course. Students are personally
responsible for ensuring that they have the necessary prerequisite. The School of
Administrative Studies reserves the right to de-enroll any student when it is
determined that a student has requested a course without having the necessary
listed prerequisites. The School will not be responsible for refunds resulting from
students being dropped from a course due to a lack of a prerequisite.
REQUIRED TEXT
Intermediate Accounting, 9th Canadian ed., 2010 Kieso et al, John Wiley &
Sons Canada, Ltd, (Volume 2)
RECOMMENDED TEXT
Accounting recommendations, CICA Handbook, Canadian Institute of Chartered
Accountants (most recent)
Access the CICA handbook online from the Libraries home page www.library.yorku.ca (or,
after signing into the course website click on the 'York Libraries' link). Type CICA in the
Title Quick Search box. Choose 'CICA Standards and Guidance Collection' and then choose
'Accounting'. If accessing from off-campus authentication with library barcode and PIN is
required.
OPTIONAL
(1) Student study guide
(2) Publisher’s student resources: www.wiley.com/canada/kieso
Tutorial Sessions:
Eli and xxx are helping me this semester. They will be scheduling two tutorial sessions each
week: one on Saturday and the other is during the week days. The tutorials will be
announced on the course website (the announcement folder) once rooms are booked and the
timing is determined.
COMPUTING REQUIREMENTS:
Students will require access to a computer Pentium machine or better with Windows 95/98,
Windows NT 4.0 Workstation or Windows 2000 /XP Operating System and Internet
Explorer 5.01/5.5/6.0 or Netscape 4.51/4.7x internet browser. MACs are not supported in
Quickplace.
If you do not have the above minimum computing requirements, there are on-campus
computing facilities available at the Computing Commons in Parking Structure ll. The
Computing Commons is open 24 hours a day - 7 days a week. There are no speakers at these
open labs; students have to bring their own earphones.
For more information about on-campus computing visit York University's Computing and
Network Services Web site: http://www.cns.yorku.ca. If you have any technical non-course
related computing questions you may contact York University's Client Support Services by
phone (416) 736-5800, by E-mail helpdesk@yorku.ca or you may obtain assistance in
person at Room 101, Computing Commons, Parking Structure ll.
Internet cafes, public libraries and other facilities (for example kiosk stations) are open to the
public and provide alternatives for access.
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WORKLOAD
Students are forewarned that by necessity ADMS 3595 is one of the more rigorous courses
at York University. If you have a full time job in addition to your academic pursuits, you are
strongly advised not to take another course concurrently with this one. I expect you to
invest, at least, 15-20 hours a week in this course.
GRADING SCHEME
Midterm Examination I Chapters 13,
14 and 18:
Time: 10am-1pm on
Sunday, June 10, 2012
TBD
30%
Midterm Examination
II
Chapters 15,
17 and 17:
Time: 10am-1pm on
Sunday, July, 8, 2012:
TBD
30%
Cumulative Final
Examination
Chapters 1322:
In final exam period,
3hrs
40%
100%
EXAMINATIONS
The course has two non-cumulative midterm examinations and a cumulative final
examination. Examinations may contain a mix of multiple-choice questions, writing
assignment questions, and problems that require written answers and calculation.
Examinations may include questions related to any articles and/or financial statement
extracts reprinted from the financial press or corporate websites that is posted on the course
website.
The final examination is comprehensive and covers the entire course. The final examination
is scheduled during York's final examination period. Once set by the Registrar, the date,
time and location of the final examination will be announced on the York University website
at www.yorku.ca (click 'current students').
There are no make-up exams or alternate sittings of the midterm. If you are unable to
write one of your midterm exams because of illness, a family physician statement is
required. All supporting documents must be submitted to the main office of the School of
Administrative Studies, Atkinson Building, Room 282. With a documented excused
absence, you may transfer the weight of the midterm to the final examination. However, if
you missed both midterm exams, you will be given “zero” in both midterm exams and
you will not be able to write the final exam and your final mark for the course will
become automatically F.
Deferred standing may be granted to students who are unable to write their final examination
at the scheduled time or to submit their outstanding course work on the last day of classes. In
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order to apply for deferred standing, students must complete a Deferred Standing Agreement
(DSA) form and submit their request no later than five (5) business days from the date of the
exam. The request must be properly submitted with supporting documentation directly to the
main office of the School of Administrative Studies (282 Atkinson), NOT to the Course
Director.
These requests will be considered on their merit and decisions will be made on a case per
case basis. Students can check the status of their request by contacting SAS main office.
Students with approved DSA will be able to write their deferred examination during the
School's deferred examination period. No further extensions of deferred exams shall be
granted. The format and covered content of the deferred examination may be different from
that of the originally scheduled examination. The deferred exam may be closed book,
cumulative and comprehensive and may include all subjects/topics of the textbook whether
they have been covered in class or not. Any request for deferred standing on medical
grounds must include an Attending Physician's Statement form; a “Doctor’s Note” will not
be accepted.
DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf
Attending Physician's Statement form:
http://www.yorku.ca/laps/council/students/documents/APS.pdf
The deferred examinations for the Summer 2012 term shall be held in the period
September 28 - 30, 2012.
The status of the DSA submitted shall be checked at:
http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf
UNGRADED ASSIGNMENTS
Practice solving problems is one of the best ways to prepare for computational accounting
questions. Throughout the semester some problems will be assigned but not graded. These
exercises and problems should be considered as a minimum. The more problems you do, the
more comfortable you will be with computational questions on the examinations. Solutions
to selected exercises and problems will be available from the course website. Solutions to
other textbook exercises and problems may be viewed during counselling hours which will
be announced on the course website or in class.
ACADEMIC HONESTY
The published regulations by York University regarding cheating and other forms of
academic dishonesty are posted on the University website (see academic policies on the
'current students' page of www.yorku.ca). It is assumed that you have read and are familiar
with these regulations.
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COURSE WEBSITE
The course website provides access to:
Course syllabus, announcements, lecture notes and illustrations, textbook
homework solutions, other learning materials, and recommended references.
You are required to check the course website regularly during the course for class materials
and activities.
The website is password protected. Login using your Passport York information
HELP ON ACCOUNTING AND COURSE RELATED MATTERS
Between classes, help is available from the course counsellor during drop-in counselling
hour(s) or via e-mail. The drop-in counselling hour(s) and location will be announced on the
course website or in class. Send course related queries to the e-mail address
(adms3595@yorku.ca ) listed at the top of this course outline. Given the incidence of
virus and worm transmission through email attachments, messages attachments may be
returned unopened and you may be requested to resend your message without an attachment.
You can normally expect to receive replies to e-mail messages within 36 hours (except
during weekends and holidays).
Note that my office hours are mainly used to discuss your questions and concerns
related to course administration and your learning progress. All course related
questions should be addressed to the teaching assistants. Only those Questions
unresolved by the course teaching assistants are normally covered during my
office hours.
INFORMATION ON PROFESSIONAL CERTIFICATION
ADMS 3595 counts towards the certification requirements of the Canadian Institute of
Chartered Accountants, the Certified General Accountants Association of Canada, and the
Canadian Institute of Certified Management Accountants.
E-MAIL PROTOCOL
As no one has the time to search databases to determine the name and section of e-mail
writers, and as different sections of this course have different course directors, it is essential
that the following e-mail protocol be observed:
· E-mail from your York Computing E-mail Account (username@yorku.ca) under all
circumstances
· Use the course e-mail address at the top of the course outline only
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· On the subject line, provide your section number (e.g., Sect. A or B) and a brief description
of the purpose of your e-mail
· To RECEIVE a response to your e-mail, sign your e-mail as follows:
1. Full name
2. Student number
· Consolidate your accounting queries into a single e-mail.
· Provide your attempted solution to exercises and problems when seeking help. Queries
such as "What is Exercise XX's solution?" will be returned to you, asking you to provide
your own attempted solution.
When replying with history, keep history SHORT!
POLICY ON LEAVING THE CLASSROOM EARLY
You can leave the classroom early only during the break period. Since people who leave the
classroom early disturb other students in concentrating on lecture presentations, it would be
unfair to the students who want to avoid distractions as much as possible in their efforts to
learn if I let this situation continue to develop. Furthermore, I have an obligation to
maintain a quiet learning environment for all of my students as a course director and an
educator. Any violation of this rule will result in one percent reduction of your final grade.
Sometimes, you may have to leave the classroom early due to emergencies or physical
reasons. As long as you can provide me with an appropriate document explaining the
circumstances later, you can get the lost point back.
Any person who has to leave early must sign a sign-up sheet.
COURSE SCHEDULE AND TOPICAL COVERAGE
(SUBJECT TO CHANGE)
1 Week of May 7
Chapter 13 - Non-Financial and Current Liabilities
Exercises: 1, 2, 13, 14, 16, 18
Problems: 1, 5, 12, 13, 14
Sample Questions – Chapter 13
2 Week of May 14
Chapter 14 - Long-term Financial Liabilities
Exercises: 2, 5, 12, 13, 19, 21, 23, 24, 25, 26
Problems: 3, 10
Sample Questions – Chapter 14
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3 Week of May 21
Chapter 18 - Income Taxes
Exercises: 1, 6, 10, 12, 13, 14, 21, 22, 24, 25
Problems: 3
Cases: WA1, WA 3
Sample Questions – Chapter 18
4 Week of May 28
Chapter 15 - Shareholders' Equity
Exercises: 2, 9, 12, 17, 19
Problems: 1, 3, 4, 8, 10
Sample Questions – Chapter 15
5 Week of June 4
Chapter 16 - Complex Financial Instruments
Exercises: 1, 3, 4, 5, 8, 13, 15, 16
Problems: 1, 2, 3, 4
Sample Questions – Chapter 16
Common Midterm I - Time: 10am-1pm on Sunday, June 10, 2012.
Location: TBA
Midterm 1 (Chapters 13, 14 and 18)
6 Week of June 11
Chapter 17 - Earnings per Share
Exercises: 1, 3, 8, 10, 16, 17, 18
Problem: 5
Sample Questions – Chapter 17
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7 Week of June 18
Chapter 19 - Pensions and Other Employee Future Benefits
Exercises: 1, 4, 6, 7, 8, 9, 10, 17, 21, 22
Problems: 3, 7
Sample Questions – Chapter 19
8 Week of June 25
Chapter 21 - Accounting Changes and Error Analysis
Exercises: 1, 2, 4, 11, 17
Problem: 1, 3
Case: WA 4
Sample Questions – Chapter 21
9 Week of July 2
Chapter 20 - Leases
Exercises: 2, 3, 5, 6, 14, 16, 17
Problems: 6, 15
Sample Questions – Chapter 20
Common Midterm II - Time: 10am-1pm on Sunday, July 8, 2012.
Location: TBA
Midterm (Chapters 15, 16, and 17)
10 Week of July 9
Chapter 22 - Statement of Cash Flows
Exercises: 2, 6, 13, 14, 17
Problems: 5, 8, 13
Cases: WA3
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Sample Questions – Chapter 22
A Hand-Out Case
11 Week of July 16
Chapter 23 - Other Measurement and Disclosure Issues
Brief exercises: 11, 12
Exercises: 5, 6
Problem: 7
Sample Questions – Chapter 23
12 Week of July 23
Catch-up
Final examination during York University's common exam period
Comprehensive (cumulative)
RELEVANT UNIVERSITY REGULATIONS
Deferred standing may be granted to students who are unable to write their final examination at the scheduled
time or to submit their outstanding course work on the last day of classes. In order to apply for deferred
standing, students must complete a Deferred Standing Agreement (DSA) form and submit their request no later
than five (5) business days from the date of the exam. The request must be properly submitted with supporting
documentation directly to the main office of the School of Administrative Studies (282 Atkinson), NOT to the
Course Director. These requests will be considered on their merit and decisions will be made available to the
students by the main office in the School's web site (under the heading of 'Links'), no individualized
communication will be sent by the School to the students (no letter or e-mails). The status of the DSA
submitted shall be checked at: http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf
Students with approved DSA will be able to write their deferred examination during the School's deferred
examination period. No further extensions of deferred exams shall be granted. The format and covered content
of the deferred examination may be different from that of the originally scheduled examination. The deferred
exam may be closed book, cumulative and comprehensive and may include all subjects/topics of the textbook
whether they have been covered in class or not. Any request for deferred standing on medical grounds must
include an Attending Physician's Statement form; a “Doctor’s Note” will not be accepted.
DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf
Attending Physician's Statement form: http://www.yorku.ca/laps/council/students/documents/APS.pdf
The deferred examinations for the Summer 2012 term shall be held in the period September 28 - 30, 2012.
Academic Honesty: The Faculty of Liberal Arts and Professional Studies considers breaches of the Senate
Policy on Academic Honesty to be serious matters. To quote the Senate Policy on Academic Honesty. The
Policy on Academic Honesty is an affirmation and clarification for members of the University of the general
obligation to maintain the highest standards of academic honesty. As a clear sense of academic honesty and
responsibility is fundamental to good scholarship, the policy recognizes the general responsibility of all faculty
members to foster acceptable standards of academic conduct and of the student to be mindful of and abide by
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such standards. Suspected breaches of academic honesty will be investigated and charges shall be laid if
reasonable and probable grounds exist.
Students should review the York Academic Honesty policy for themselves at:
http://www.yorku.ca/secretariat/policies/document.php?document=69
Students might also wish to review the interactive on-line Tutorial for students on academic integrity, at:
http://www.yorku.ca/tutorial/academic_integrity/
Grading Scheme and Feedback Policy: The grading scheme (i.e. kinds and weights of assignments, essays,
exams, etc.) shall be announced, and be available in writing, within the first two weeks of class, and, under
normal circumstances, graded feedback worth at least 15% of the final grade for Fall, Winter or Summer Term,
and 30% for ‘full year’ courses offered in the Fall/Winter Term be received by students in all courses prior to the
final withdrawal date from a course.
Note: Under unusual and/or unforeseeable circumstances which disrupt the academic norm, instructors are
expected to provide grading schemes and academic feedback in the spirit of these regulations, as soon as
possible. For more information on the Grading Scheme and Feedback Policy, please visit:
http://www.yorku.ca/secretariat/policies/document.php?document=86
In-Class Tests and Exams - the 20% Rule: For all Undergraduate courses, except those which regularly meet
on Friday evening or on a weekend, tests or exams worth more than 20% will not be held in the two weeks prior
to the beginning of the official examination period. For further information on the 20% Rule, please visit:
http://www.yorku.ca/secretariat/policies/document.php?document=141
For further information on examination scheduling and other important dates, please refer to:
http://www.registrar.yorku.ca/enrol/dates/index.htm
Reappraisals: Students may, with sufficient academic grounds, request that a final grade in a course be
reappraised (which may mean the review of specific pieces of tangible work). Non-academic grounds are not
relevant for grade reappraisals; in such cases, students are advised to petition to their home Faculty. Students
are normally expected to first contact the course director to discuss the grade received and to request that their
tangible work be reviewed. Tangible work may include written, graphic, digitized, modeled, video recording or
audio recording formats, but not oral work. Students need to be aware that a request for a grade reappraisal
may result in the original grade being raised, lowered or confirmed. For reappraisal procedures and information,
please visit the Office of the Registrar site at:
http://www.registrar.yorku.ca/grades/reappraisal/index.htm
Accommodation Procedures: LA&PS students who have experienced a misfortune or who are too ill to attend
the final examination in an ADMS course should not attempt to do so; they must pursue deferred standing.
Other students should contact their home Faculty for information. For further information, please visit:
http://www.registrar.yorku.ca/exams/deferred/index.htm
Religious Accommodation: York University is committed to respecting the religious beliefs and practices of all
members of the community, and making accommodations for observances of special significance to adherents.
For more information on religious accommodation, please visit:
https://w2prod.sis.yorku.ca/Apps/WebObjects/cdm.woa/wa/regobs
Academic Accommodation for Students with Disabilities
The nature and extent of accommodations shall be consistent with and supportive of the integrity of the
curriculum and of the academic standards of programs or courses. Provided that students have given sufficient
notice about their accommodation needs, instructors shall take reasonable steps to accommodate these needs
in a manner consistent with the guidelines established hereunder. For more information please visit the
Disabilities Services website at http://www.yorku.ca/cds/
York’s disabilities offices and the Registrar’s Office work in partnership to support alternate exam and test
accommodation services for students with disabilities at the Keele campus. For more information on alternate
exams and tests please visit http://www.yorku.ca/altexams/
Please alert the Course Director as soon as possible should you require special accommodations. Bottom of Form
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