MGT 131B: Intermediate Accounting
Undergrad, Winter 2013
PROFESSOR: Robert Houskeeper, CPA
EMAIL: rvhous@cox.net
PHONE: (760) 632-2650
OFFICE HOURS: TTH 11:30 AM TO 12:15 PM
OFFICE LOCATION: Otterson Hall 3S119
OBJECTIVES
The goals of this course are to provide the students with an understanding of (1) accounting for liabilities,
(2) accounting for investments, (3) revenue recognition and (4) cash flow analysis.
MATERIALS
Required
 Kieso, Weygandt and Warfield (2012). Intermediate Accounting (14thed)
ASSIGNMENTS
Reading and homework assignments follow the course outline (by chapter). Graded homework must be
submitted by the start of class on the subsequent Tuesday (no exceptions).
GRADING
Assignments
Homework
Exam I
Exam II
Points [or percentage]
10%
45%
45%
Total
100
POINTS DISTRIBUTION
A 95 - 100 Points
A- 90 - 94
B+ 87 - 89
B 84 - 86
B- 80 - 83
C+ 77 - 79
C
CD+
D
DF
74 - 76
70 - 73
67 - 69
64 - 66
60 - 63
0 - 59
ATTENDANCE
The course material necessitates each student’s proactive involvement. In addition to reading the text,
problem solving in the classroom is essential to comprehension of the subject matter.
SCHEDULE
Date
Jan 7
Class Topic & Activities
Introduction to Liabilities Compensated Absences,
Payroll Liabilities
Homework Assignments
Jan 9
(Ex 13-5, Ex 13-8)
Jan 30
Feb 4
Feb 6
Feb 11
Chapter 13: Compensated Absences, Payroll
Liabilities
Chapter 14: Bond Premium & Discount
Chapter 14: Continued
Chapter 15: Dividends, Stock Splits
Chapter 15: Continued
Chapter 17: Fair Value, Equity Method of
Accounting for Investments
Chapter 17: Continued
Chapter 18: Percentage of Completion
Chapter 18: Continued
Exam I Review
Feb 13
Exam I
Feb 18
Feb 20
Feb 25
Feb 27
Chapter 19: Accounting For Income Taxes
Chapter 19: Continued
Chapter 19: Continued
Chapter 20: Accounting For Pensions
Mar 4
Mar 6
Mar 11
Mar 13
Chapter 20: Continued
Chapter 23: Statement of Cash Flows
Chapter 23: Continued
Final Exam Review
Jan 14
Jan 16
Jan 21
Jan 23
Jan 28
(Ex 14-10, Ex 14-21)
(Ex 15-1, Ex 15-2, Ex 15-14)
(Ex 17-6, Ex 17-17)
(Ex 18-12, Ex 18-13)
(P 19-2, P 19-7)
(Ex 20-2, Ex 20-3, Ex 20-4)
(Ex 23-5, Ex 23-9)
FINAL EXAM
GRADED HOMEWORK
Bold exercises and problems are due at the beginning of class on the subsequent Tuesday
With the exception of Chapters 19 and 20 which are due March 4st and March 11th respectively.
LEARNING OUTCOMES
Chapter 13:
Identify the basic characteristics of a liability.
Distinguish between current and long term liabilities.
Account for compensated absences.
Account for payroll related liabilities.
Chapter 14:
Determine bond issue price when yield and stated interest rate fluctuations exist.
Account for the issuance of bonds
Account for bond premium and discount amortization.
Account for the settlement of a debt
Chapter 15:
Identify the components of stockholder’s equity.
Account for the issuance of both common and preferred stock
Understand the accounting implications of shareholder dividends.
Differentiate between accounting for stock splits and stock dividends.
Chapter 17:
Understand fair value option.
Differentiate between accounting for trading vs. available for sale securities.
Analyze and account for investments under the equity method of accounting.
Chapter 18:
Describe accounting issues associated with revenue recognition.
Understand accounting guidelines related to the percentage of completion method.
Account for contracts under the percentage of completion method.
Chapter 19:
Differentiate between pretax financial income and taxable income.
Distinguish between permanent and temporary book tax differences.
Calculate tax expense, taxes payable and deferred taxes.
Analyze deferred taxes over multiple accounting periods.
Chapter 20:
Distinguish between defined contribution and defined benefit pension plans.
Identify components of pension expense.
Compute pension expense.
Prepare pension worksheet.
Chapter 23:
Describe the purpose of the statement of cash flows.
Identify major classifications of cash flows.
Differentiate between cash and non-cash expenses.
Analyze impact of balance sheet fluctuations on cash flow.
Prepare statement of cash flows.
Please note that the learning outcomes are not intended to be all inclusive. Topics may be added or
deleted at the discretion of the instructor.
ACADEMIC INTEGRITY
Integrity of scholarship is essential for an academic community. As members of the Rady School, we
pledge ourselves to uphold the highest ethical standards. The University expects that both faculty and
students will honor this principle and in so doing protect the validity of University intellectual work. For
students, this means that all academic work will be done by the individual to whom it is assigned, without
unauthorized aid of any kind.
The complete UCSD Policy on Integrity of Scholarship can be viewed at:
http://senate.ucsd.edu/manual/Appendices/Appendix2.pdf
How the Honor Code applies to this course:
The University trusts each student to maintain high standards of honesty and ethical behavior. All
assignments submitted in fulfillment of course requirements must be the student’s own work.
STUDENTS WITH DISABILITIES
A student who has a disability or special need and requires an accommodation in order to have equal
access to the classroom must register with the Office for Students with Disabilities (OSD). The OSD will
determine what accommodations may be made and provide the necessary documentation to present to
the faculty member.
The student must present the OSD letter of certification and OSD accommodation recommendation to the
appropriate faculty member in order to initiate the request for accommodation in classes, examinations, or
other academic program activities. No accommodations can be implemented retroactively.
Please visit the OSD website for further information or contact the Office for Students with Disabilities at
(858) 534-4382 or osd@ucsd.edu.