LANGARA COLLEGE
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School of Management
Financial Management 2421
Intermediate Accounting II (3.0 credits)
Course Outline
Tue / Thu 2:30 – 4:25
Fall 2008
INSTRUCTOR NAME: Ruth Heathcote
OFFICE:
B253M
PHONE: 604-323-5404
OFFICE HOURS: Mon & Wed 4:00 – 5:00
E-MAIL: ruth_heathcote@hotmail.com
COURSE DESCRIPTION:
This course provides an examination of the basic techniques, principles and concepts
involved in the construction and interpretation of financial reports prepared for external
users. The course focuses on the liabilities and equity side of the balance sheet and
examines more sophisticated accounting topics such as corporate taxes, leases,
pensions and earnings per share.
PREREQUISITES:
FMGT 1321
REQUIRED TEXTBOOKS:
Intermediate Accounting, 8th Edition
Keiso, Weygandt/Irvine/Silvestoer
John Wiley & Sons
Volume 2
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ASSIGNMENTS/QUIZZES/TESTS:
Quizzes and assignments play a major role in the learning process with specific dates
and questions announced in class. Attendance in class is expected and assignments due
on time. This course demands regular and continuous effort directed at problem solving in
preparation for examinations that integrate various topics. Each chapter has a summary
and comprehensive review question and these are recommended for your study.
All assignments are to be submitted either neatly prepared on lined paper or typed. The
use of a computer for assignments is encouraged. There will be two midterms and one
comprehensive final exam .
ASSESSMENT AND EVALUATION:
Assignments
Midterm #1
Midterm #2
Final Exam (two hours)
Evaluation:
10%
30%
30%
30%
100%
Grading:
Mark
95 –
90 –
85 –
80 –
75 –
Grade GPA Mark Grade GPA
100
94
89
84
79
A+
A
AB+
B
4.33
4.00
3.67
3.33
3.00
70 – 74
65 – 69
60 – 64
55 – 59
50 – 54
Below 50
BC+
C
CD
F
2.67
2.33
2.00
1.67
1.00
Nil
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EXPECTATIONS / COURSE REQUIREMENTS:
l.
2.
3.
4.
5.
6.
7.
8.
Regular class attendance is expected.
Students are responsible for all announcements made in class, whether the
student is present or not.
Assignments must be submitted on the due date. Late assignments are not
accepted. It is required that students keep a copy of anything that is submitted for
marks.
Exams must be written at the scheduled date, time and location. Only a
legitimate reason, such as illness will be accepted as an excuse. Alternative
arrangements may be possible if presented with a doctor’s certificate.
Students must complete all the specified requirements of the course, or a final
grade will not be given.
Course information is subject to change (consistent with College policy) with
notice.
Devices with digital text of photo display (cell phones, programmable calculators,
etc.) are not permitted for use in exams. Please ensure that you have a basic
calculator for both midterms and final exam.
Students are responsible for maintaining a classroom atmosphere that will
promote and encourage learning. Frequent classroom disturbances either
directly or indirectly as the results of a student’s action may result in that
student’s removal from the course.
School of Management:
It is the aim of the School of Management at Langara College to promote throughout
each course the mastery of core skills such as reading and reading comprehension,
writing fluency, verbal articulation, and math development. These core skills will be
practiced by means of student presentations and/or class participation, and will be
evaluated on submitted work. Critical thinking and problem solving exercises will be
encouraged at every opportunity.
For more information about the School of Management Department, please contact
Antonel la Alves, Department Assistant 604-323-5848, aalves@langara.bc.ca.
Information regarding class cancellations will be posted in the following designated areas only:
•
Registrars Office (outside reception - east wall) B Building
•
Information Booth (main foyer) A Building
Notices will not be posted outside classroom doors
As stated in the College Calendar and according to College policy, students are expected to attend all classes,
lectures, laboratories, workshops, seminars, and practicum commitments, and be available to write final
examinations where and when scheduled during the examination period.
Students are reminded to refer to policies and procedures related to: Code of Academic Conduct, Improper/
Disruptive Behaviour, Appeal of Final Grades, Concerns Related to Instruction, Attendance, etc. found in the
College Calendar and in the current Student Handbook.
TOPIC OUTLINE / COURSE SCHEDULE:
All dates are tentative and
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subject to change
Sept 4, 9 (Chapter 13)
• Current Liabilities and Contingencies
HW E13-2, E13-6, E13-13, E13-14, E13-17, E13-18
Sept 11, 16 (Chapter 14)
• Long-term Financial Liabilities
HW E14-3, E14-9, P14-3
Sept 18, 23 (Chapter 15)
• Shareholder’s Equity
HW E15-1, E15-2, E15-3, E15-14
Sept 25, 30 (Chapter 16)
• Complex Financial Instruments
HW E16-1, E16-5, E16-13
ASSIGNMENT 1 DUE
Oct 2 Midterm
Oct 7, 9 (Chapter 17)
• Earnings per share
HW E17-1, E17-9, E17-15, P17-4
Oct 14, 16 (Chapter 18)
• Income Taxes
HW E18-3, E18-6, E18-7, E18-9, E18-10
Oct 21, 23 (Chapter 19)
• Pension Costs and Obligations
HW E19-1, E19-4
ASSIGNMENT 2 DUE
Oct 28 Midterm
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October 30, Nov 4 (Chapter 20)
• Leases
HW E20-2, E20-3, E20-17
Nov 6, 13 (Chapter 21)
• Accounting Changes and Error Analysis
HW E21-4, E21-5, E21-8, E21-11
Nov 18, 20 (Chapter 22)
• Statement of Cash Flows
HW E22-16, E22-10, E22-11
Nov 25, 27 (Chapter 23)
• Other Measurement & Disclosure Issues
• Exam Review
HW E23-1, E23-4
ASSIGNMENT 3 DUE
Dec 2
• Exam Review
Final Exam
Assignment 1 due September 30
P13-14, P14-11, P15-4, (P16-1)
Assignment 2 due October 23
P17-5, P18-1, (E19-5)
Assignment 3 due November 27
E20-5, P21-9, P22-13
Review each Chapters End Summary Problem for additional review.
Final Examinations The Final Exam for this course will be scheduled between Dec 5-15
Students are reminded that this is the only scheduled time for Final Exams.