INTERMEDIATE ACCOUNTING I
ACCT3311-001 MW 2:00 – 3:15 PM
ACCT 3311-005 MW 3:30 – 4:45 PM
Fall 2012
Instructor Information
Name:
Dr. Pat Mynatt
Office:
Friday 262A
Office hours: Mondays and Wednesdays 11:00 – 12:00, Tuesdays 10:00 – 12:00, and by appointment
Office phone: 704-687-7453
Email:
pgmynatt@uncc.edu
Web:
Most class materials are on Moodle
Required Materials
Text: Intermediate Accounting. 14th edition. Kieso, Weygandt, and Warfield
Online Access: Students will need to purchase access to an online site in order to complete an individual
project. Registration information will be provided when the project is assigned.
Companion Website
The text has a free companion website for students with check figures, IFRS Supplements, self tests, and other
material you may find useful.
http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0470587237&bcsId=6326
Companion Study Guide
The text also has a companion study guide available for optional purchase. The study guide provides chapter
reviews and additional exercises.
Prerequisites
ACCT 2122 and INFO 2130 with grades of C or better. Enrollment limited to majors in the College of Business.
Objectives
This course includes analysis of the financial reporting requirements of corporations with an emphasis on the
conceptual framework and accounting for assets. It is the first of two courses at the undergraduate level
designed to introduce, in detail, financial accounting topics and procedures. Several of these topics were
introduced in Principles of Accounting (ACCT 2121); others will be completely new. As many of these skills will
be building blocks for other topics in the course, it is critical that you master each topic before moving on.
Specifically, the objectives for the course are as follows:
1. To introduce students to the basic concepts, theory, and practice of financial accounting;
2. To help prepare students for a career in business or accounting by exposing them to the specific
methods in accounting for income and assets;
3. To gain an appreciation for the relevance and importance of accounting information to business, capital
markets, and the economy.
Grading Policy
A student’s grade will be determined on the basis of his/her accomplishment in the following areas:
Three midterm examinations (100 points each)
Final examination (comprehensive)
Homework
Individual project
Total
300 points
150 points
30 points
20 points
500 points
Total points earned will be used to assign letter grades as follows:
Points Earned
450 to 500 total points
400 to 449 total points
350 to 399 total points
300 to 349 total points
Below 300 total points
Letter Grade
A
B
C
D
F
Homework
Homework assignments are made from the text by chapter. Solutions to text problems will be available on
Moodle after the due date. All parts of each text problem assigned must be attempted to receive full credit.
Examinations
It is the student’s responsibility to make arrangements to take the exams at the designated times (see course
schedule). An unexcused absence from an exam will result in a grade of zero for that exam. Students are
expected to be on time for exams. You may leave class when you are finished with an exam, but you may not
leave during an exam and return to finish it. All books, notes, scratch paper, etc., must be placed in the front of
the room before the test. Students may use, but not share, calculators during the examinations. The use of
other electronics is not permitted during exams.
Policy on Re-grading Exams
Exams will be returned to students for review in class as quickly as possible. Students may sometimes justifiably
question the grading of their examinations. If the situation occurs, write the number of the question to be regraded, along with the reason, on the cover of the examination. A request for re-grading must be submitted
immediately after you review your exam results.
Attendance and General Expectations
Students are expected to conduct themselves in a respectful and professional manner. Regular class attendance
is expected. Students should arrive on time and remain the entire period. Students assume full responsibility for
material covered and assignments given during a missed class. Students are expected to come to class prepared.
Handouts (available on Moodle) are to be printed prior to the class period during which the chapter will be
discussed. Assignments are to be read and homework problems are to be completed according to the schedule
provided.
Statement on Students with Disabilities
The Americans with Disabilities Act is a federal anti-discrimination statute that provides civil rights protection for
persons with disabilities. This legislation requires that all students with disabilities be guaranteed a learning
environment that provides for reasonable accommodation of their disabilities. If you believe you have a
disability requiring an accommodation, please see me within the first week and also contact the Office of
Disability Services in Room 230 of the Fretwell building and follow the instructions of that office for obtaining
accommodations.
Statement on Diversity
The Belk College of Business strives to create an inclusive academic climate in which the dignity of all individuals
is respected and maintained. Therefore, we celebrate diversity that includes, but is not limited to
ability/disability, age, culture, ethnicity, gender, language, race, religion, sexual orientation, and socio-economic
status.
Academic Integrity
Students have the responsibility to know and observe the requirements of The UNC Charlotte Code of Student
Academic Integrity. This code forbids cheating, fabrication or falsification of information, multiple submissions
of academic work, plagiarism, abuse of academic materials, and complicity in academic dishonesty (helping
others violate the Code). Any further specific requirements or permission regarding academic integrity in this
course will be stated by the instructor and are binding on the students in this course. Students who violate the
Code can be expelled from UNC Charlotte. The normal penalty is zero credit on the work involving dishonesty
and further substantial reduction of the course grade. In almost all cases, the course grade is reduced to F.
Copies of the Code can be obtained from the Dean of Students Office. Standards of academic integrity will be
enforced in this course. Students are expected to report cases of academic dishonesty they become aware of to
the course instructor who is responsible for dealing with them.
Tentative Course Schedule*
Date
8/20
Day
M
Due
Topic
Ch 1
Detail
Financial Accounting and Standards
8/22
8/27
8/29
9/3
9/5
W
M
W
M
W
Ch 2
Ch 3
Ch 3
No class
Ch 3
Conceptual Framework
The Accounting Information System
The Accounting Information System
Labor Day
The Accounting Information System
9/10
9/12
9/17
9/19
9/24
9/26
M
W
M
W
M
W
Ch 3
Ch 6
Ch 6
Ch 6
Exam 1
Ch 4
Ch 4
Time Value of Money
Time Value of Money
Time Value of Money
Chapters 1, 2, 3 & 6
Income Statement
Income Statement
10/1
10/3
M
W
Ch 4
Ch 5
Ch 5
Balance Sheet & Cash Flow Statement
Balance Sheet & Cash Flow Statement
10/8
10/10
10/15
10/17
M
W
M
W
No Class
Ch 7
Ch 7
Ch 7
Fall Break
Cash & Receivables
Cash & Receivables
Cash & Receivables
10/22
10/24
10/29**
M
W
M
Ch 7
Exam 2
Ch 8
Ch 8
Chapters 4, 5 & 7
Valuation of Inventories
Valuation of Inventories
10/31
11/5
11/7
W
M
W
Ch 8
Ch 9
Ch 9
Ch 9
Inventories: Additional Valuation Issues
Inventories: Additional Valuation Issues
Inventories: Additional Valuation Issues
11/12
11/14
M
W
Ch 9
Ch 10
Ch 10
Property, Plant & Equipment
Property, Plant & Equipment
11/19
11/21
11/26
11/28
M
W
M
W
Ch 10
Exam 3
No Class
Ch 11
Ch 11
Chapters 8, 9 & 10
Thanksgiving Break
Depreciation & Impairment
Depreciation & Impairment
12/3
12/5
12/10
M
W
M
Ch 11
Intangible Assets
Intangible Assets
Final Exam 2:00PM – 4:30PM
12/12
W
Ch 12
Ch 12
Ch 12
001 -2:00
class
005 -3:30
class
Ch 1 & 2
Ch 6
Ch 5
Ch 12
After Class Assignment
Read Ch 1, Work Ch 1 – CA3,9,16
& Read Chapter 2
Work Ch 2 – E4,5,6 & Read Ch 3
Work Ch 3 – E1,10, P5
Work Ch 3 – E12, P9
Work Ch 3 – BE12, E18
& Read Ch 6
Work Ch 6 – E2,3,4,6,9
Work Ch 6 – E7,13,21, P1
Review for Exam 1
Read Ch 4
Work Ch 4 – E4,5,8,14
Work Ch 4 – P7, CA4, IFRS 5
& Read Ch 5
Work Ch 5 – CE 1,2, E3,12
Work Ch 5 – E13, IFRS 5
& Read Ch 7
Work Ch 7 – E6,8,9, P2
Work Ch 7 – P3, E19
Work Ch 7 – E16,26
& Review for Exam 2
Read Ch 8
Work Ch 8 - E5,7,9,14
Work Ch 8 – E25, P10
& Read Ch 9
Work Ch 9 – E3,8
Work Ch 9 – E10,12,16, CA6
Work Ch 9 E22, IFRS 6
& Read Ch 10
Work Ch 10 – CE 1,2, E2,3,7,19
Work Ch 10 – 23,24
& Review for Exam 3
Read Ch 11
Work Ch 11 – E1,5,9, CA5
Work Ch 11 – E16,17,22, IFRS 11
& Read Ch 12
Work Ch 12 – E1,4,10,12,14
Work Ch 12 – E15,18 & Review
Final Exam 2:00PM – 4:30PM
*
This course syllabus provides a general plan for the course. Under certain circumstances, it may be necessary to
make changes to the plan.
**
Last Day to Withdraw from a course with a “W”