King Abdulaziz University
Jeddah Community College
BIT 222 Course Syllabus
Intermediate Accounting II
Spring 2007
Instructor:
Class:
Class Location:
Office Hours:
E-Mail:
Phone:
Prerequisites:
Abdulaziz Altheban
S.M.W 11:00 – 11:55 am.
106B
Sat 9-10, Sun 11-12, Mon 12-1, Tues 11-12, Wed 10-11
accbit124@yahoo.com
287-0026 (410)
BIT 123
Continuation of intermediate accounting one. The course describes the theory and
practice applicable to asset values, liabilities and owner’s equity; special problems
and financial reporting using excel spread sheet.
Course Objectives:
Upon completion this course, students will be able to demonstrate skills of the
Following:
 Apply generally accepted financial accounting principles to the annual report.
 Demonstrate flexibility in analyzing and reporting financial information.
 Address needs of various “publics” who rely on statements of the reporting entity
 Apply professional and ethical judgment to conflicting positions of the various
accounting “publics”.
 Write supplemental information in notes to financial statements, supplying full and
detailed disclosure.
 Balance conflicts between generally accepted accounting principles.
 Apply present value and compound interest techniques.
 Solve problems via T-account and worksheet techniques.
 Measure income accurately and make adequate disclosure of financial position for
both public and private entities, including maintenance of reciprocal accounts.
 Integrate economic phenomena and consequences in financial reporting.
 Demonstrate familiarity with publications constituting authoritative accounting
opinion.
Textbooks / Required Materials:
Required text: Intermediate Accounting, Weygandt, Kieso, Kimmel, 11th edition 2005
1
Attendance:
 Students are required to attend all classes.
 Students must be in class on time.
 Students will get first verbal warning from his faculty member after missing
cumulative classes’ equivalent to one week in a course.
 After missing cumulative classes’ equivalent to two weeks in a course he must get
second warning in written from the faculty member.
 Similarly if a student misses cumulative classes’ equivalent to three weeks in a course
(9) absents, he’ll be given DN (Denied) from that course.
 DN can not be removed.
 If a student arrives late(1-15 minutes) in a class he’ll be marked as LATE and two
lates will be considered as one absent.
 If a student arrives after 15 minutes he’ll be marked as absent.
It’s responsibility of the student to keep the record of his absences.
Special Accommodations:
If there is any student in this class who has special needs because of learning
disabilities or other disabilities, please discuss these needs with me.
E-Mail:
All students will be required to have an e-mail account to be used for messages and as
part of selected assignments. One or more announced assignments may be required to
be submitted via computer. During the first week of class, e-mail me a message so I
can record your address. All e-mail sent to me MUST have the following message in
the SUBJECT: line:
BIT 222- "Your Real Name"
This will allow my e-mail software to route the message to the appropriate mailbox.
In general, I won't reply if I can't identify who you are.
Evaluation Policy:
Item
Class participation/Attendance
Term Papers
Exam I
Exam II
Final Exam ( Comprehensive )
2
Mark
10
10
20
20
40
Grading:
Students must obtain at least 60 % of the total possible points. The official grades in
this course are:
Marks
95-100 %
90-94 %
85-89 %
80-84 %
75-79 %
70-74 %
65-69 %
60-64 %
0-59 %
Grade
A+
A
B+
B
C+
C
D+
D
F
Students obtain 59 % and below are failed (F). Denied students will earn DN.
Students who do not attend at all will be considered AF (absent fail grade).
Course Procedures:




Late assignments will not be accepted for any reason. Assignments are due on the
day of class as shown on the schedule. Do not wait until the last minute to start an
assignment. If you have questions, do not hesitate to send me an e-mail or call me. I
will be happy to help you.
If a student must miss a class, he is expected to contact the instructor in advance
regarding make-up work before the next class meets.
Keep all graded papers to verify grades.
Cell phones, pagers, and electronic entertainments devices must be turned off during
all class times. Students violating this policy may be asked to leave the class.
The term papers will be graded on:
Subject
Form (mechanical)
Organization (paragraphing, titles, subtitles, etc.)
Content (substance of the presentation)
Clarity
Use of Quotations (research reference; minimum
is 5 different sources)
3
10
15
15
35
15
10
100
Important Links:
Saudi Organization for Certifies Public Accountants
http://www.socpa.org.sa
Saudi Accounting Association
http://www.saa.org.sa
Gulf Cooperation Council Accounting and Auditing Organization
http://gccaao.org
American Institute of Certified Public Accountants
http://www.aicpa.org/
American Accounting Association
http://aaahq.org/
The Institute of Internal Auditors
http://www.theiia.org
The Institute of Internal Auditors
UK and Ireland
http://www.iia.org.uk
International Federation of Accountants
http://www.ifac.org
Financial Accounting Standards Board
http://www.fasb.org
International Accounting Standards Board
http://www.iasb.org/Home.htm
Governmental Accounting Standards Board
http://www.gasb.org
Wall Street Journal
http://www.wsj.com
4
Course Schedule
Week
#
1
Topic
Feb. 17
Introduction to the course
Feb. 19
Bonds payable
Feb. 21
Long term notes payable
Feb. 24
2
3
4
5
6
7
8
9
Reading
Assignment
Date
What is Due?
Buy Book 
Chapter 14
Reporting and analysis of long-term debt
Feb. 26
Exercises
Feb. 28
Exercises
Mar. 3
The corporate form
Mar. 5
Corporate capital
Mar. 7
Preferred Stock
Dividend policy
Mar. 10
Exercises
Mar. 12
Exercises
Mar. 14
Exercises
Mar. 17
Retained Earnings
Mar. 19
Retained Earnings
Mar. 21
Exercises
Mar. 24
Exercises
Mar. 26
Investments in debt securities
Mar. 28
Investments in debt securities
Mar. 31
Investments in equity securities
Chapter 15
Project I
Apr. 2
Other reporting issues
Apr. 4
MIDTERM I 20 %
Apr. 7
Exercises
Apr. 9
Exercises
Apr. 11
Exercises
Apr. 14
Revenue recognition
Apr. 16
Revenue recognition
Apr. 18
Revenue recognition
5
Chapter 17
Chapter 17
MIDTERM
Chapter 18
Week
#
10
11
12
13
Topic
Apr. 21
Exercises
Apr. 23
Exercises
Apr. 25
Exercises
Apr. 28
Dilutive securities
Apr. 30
Computing earnings per share
May. 2
Exercises
May 5
Exercises
May 7
Exercises
May 9
Exercises
May 12
Full disclosure in financial reporting
May 14
Full disclosure in financial reporting
May 16
14
15
16
Reading
Assignment
Date
What is Due?
Project II 
MIDTERM II 20 %
Comprehensive
May 19
Exercises
May 21
Exercises
May 23
Financial statement analysis
May 26
Exercises
May 28
May 30
Exercises
Exercises
June 2-6
Preview all the Chapters
June9
Final Exam 40%
Comprehensive
Chapter 16
Chapter 24
MIDTERM
Important note: This schedule and the assignments during this course are subject to
change at the discretion of the instructor. Any such changes will be discussed during
class, and communicated to students via email.
6