ACCTG 321 – INTEGRATIVE ACCOUNTING TOPICS I
FINANCIAL REPORTING MODULE
FALL 2012
INSTRUCTOR:
Kevin Hee
EMAIL:
khee@mail.sdsu.edu
CLASS TIMES:
Sec02 – M/W: 13:00 – 15:40 (SSE 1401)
Sec03 – M/W: 19:00 – 21:40 (NE 60)
OFFICE:
Student Services East Building (SSE) 2422
OFFICE HOURS:
Tuesday
10:00-11:30
Wednesday 10:00-11:30
(If students cannot make these above times, students can
always make an appointment to come see me in my
office.)
OFFICE PHONE:
619-594-6021
PREREQUISITES:
Admission to Accountancy major, minor, or certificate.
Minimum grade of C in both ACCTG 201 and 202.
Completion of General Education requirement in
Communication and Critical Thinking. Proof of
completion of prerequisites required: Copy of transcript.
TEXTBOOKS:
Intermediate Accounting, 7th Edition (with Connect
access card); Spiceland, Sepe, Nelson and Tomassini
(REQUIRED)
ADDITIONAL:
We will be using the red Parscore forms (F-289) for ALL
EXAMS AND QUIZZES in the financial module.
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STUDENT LEARNING OUTCOMES FOR THIS MODULE:
The purpose of this module of ACCT 321 is to enhance and expand your current
understanding of corporate financial reporting for the subject areas covered in
the module. More specifically, we will take an in-depth look at the mechanics of
financial accounting and the theory behind U.S. GAAP as presented in the
statement of operations (i.e., income statement) and the statement of financial
position (i.e., balance sheet).
We will also cover the impact of International Financial Reporting Standards how
these rules differ from GAAP for the relevant topics. At the end of this module for
this course students should be able to:



Identify, measure, classify, present and disclose financial information
in accordance with U.S. Generally Accepted Accounting Principles and
International Financial Reporting Standards. (SLO #1.1)
Properly record transactions in the relevant topic areas. This means
knowing how to calculate the amount of the accounting impact of a
transaction under accrual accounting and how to properly journalize
such transactions. (SLO # 1.1, 1.2)
Effectively work in groups to analyze business transactions and apply
the correct accounting techniques in properly recording those
transactions and present the effects on financial statement
presentation (SLO 2.11b).
ACADEMIC HONESTY
According to the SDSU Academic Senate policy on cheating and plagiarism:
2.2 Plagiarism shall be defined as the act of incorporating ideas, words, or
specific substance of another, whether purchased, borrowed, or otherwise
obtained, and submitting same to the University as one’s own work to
fulfill academic requirements without giving credit to the appropriate
source. Plagiarism shall include but not be limited to (a) submitting work,
either in part or in whole, completed by another; (b) omitting footnotes for
ideas, statements, facts, or conclusions that belong to another; (c) omitting
quotation marks when quoting directly from another, whether it be a
paragraph, sentence, or part thereof; (d) close and lengthy paraphrasing of
the writings of another; (e) submitting another person’s artistic works,
such as musical compositions, photographs, paintings, drawings, or
sculptures; and (f) submitting as one’s own work papers purchased from
research companies.
Unprofessional conduct adversely impacts your fellow students, the accounting
faculty, the Charles W. Lamden School of Accountancy, SDSU, and the
accounting profession. The Charles W. Lamden School of Accountancy takes
academic honesty very seriously and vigorously enforces university policy related
to any such infractions. Any student suspected of academic dishonesty will be
reported to the SDSU Center for Student Rights and Responsibilities; if found
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responsible, the student will receive a failing grade (F) for the entire financial
accounting module.
BLACKBOARD:
This course module will be managed via the Blackboard course website.
Therefore, each student needs an email account (either SDSU Rohan or an
alternative email system like Google, Yahoo, Hotmail, etc.). Please make sure that
you update your email address in the SDSU database. You can check on your
Blackboard email account (or update/change it) by going to the SDSU Web Portal
at http://sunspot.sdsu.edu/portal. Please note that Hotmail accounts sometimes
do not accept mail sent directly through Blackboard’s mass email system, but
they do receive individual emails. If you do not receive an announcement via
email, you may want to change servers from your Hotmail server to another mail
server. The Blackboard website will be where I make announcements, upload
class slides and solutions for assignments and quizzes. You can find all of the
financial module items in the “Assignments/Financial Module” folder on the
course Blackboard site. All points for assignments, quizzes and exams that factor
into the students’ grades will be posted on Blackboard.
CLASS LECTURES:
Classes will consist of lectures using PowerPoint slides and in-class
problems/exercises that are designed to help students better understand the
correct financial reporting rules for a variety of common business transactions.
Students are responsible for downloading and printing the slides from the
Blackboard website. The pace of my lectures and in-class exercises are based on
the assumption that students have read the textbook material ahead of time and
printed out the relevant slides for class.
ASSESSMENT
POINTS (PERCENT)
Exam #1 (September 10, 2012)
200
(20%)
Exam #2 (October 1, 2012)
200
(20%)
Exam #3 (October 17, 2012)
200
(20%)
Quizzes (25 points each)
200
(20%)
Homework (12.5 points each)
100
(10%)
In-Class Group Simulation (15 points each)
60
(6%)
Class Participation/Professionalism
40
(4%)
TOTAL
1,000
(100%)
Grades will be combined on an equal weighted basis with the tax module.
EXAMS:
There will be three non-comprehensive multiple-choice exams in this module.
Students will need a Parscore sheet (F-289) for the exams. Exams will be
administered during class times on the dates listed in the class schedule. Makeup
exams can only be given in the case discussed in the Special Accommodations
section below. If you miss an exam and offer an acceptable reason for missing the
exam your remaining exam scores will represent your entire exam score for this
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module. Students must notify me that they will miss an exam PRIOR TO THE
EXAM.
QUIZZES:
Quizzes are multiple-choice and will NOT be announced ahead of time. Students
will need a Parscore sheet (F-289) for the quizzes. Each quiz will be administered
at the beginning of class and covers material from the prior class. I design the
quizzes such that students should complete the quizzes in approximately 20
minutes. It is imperative not to fall behind in this class because of the volume of
concepts covered and the sustained pace of the module. Please be aware that the
quizzes are not designed to be wholly representative of the difficulty of questions
on the exams. The quizzes are designed as a tool to ensure that students are
keeping up-to-date with the material covered in lectures. Each quiz is worth
25 points. The lowest quiz grade will be dropped when calculating the
student’s final point tally in this module. Also, your highest quiz grade
will count twice in calculating your total quiz points during the
semester.
IN-CLASS ASSIGNMENTS/SIMULATIONS:
At the beginning of the semester, students will be assigned to groups via
Blackboard. This group will be your permanent group for the entire semester for
all graded group assignments. There will also be four graded simulation
assignments during the semester. These simulations are designed for students to
work in their groups outside of class. Points will be earned on a group basis based
on the accuracy of the groups’ answers to the simulations. Whatever number of
points earned by the group is the number of points earned by the individual
student within the group (e.g., if the group earns 12 out of a possible 15 points on
a simulation, each group member that worked on the simulation will earn 12
points each.).
The in-class group work will consist of open-book/notes ungraded exercises
designed to have students analyze different business transactions and practice
application of relevant concepts and principles in financial reporting. In-class
group work does not have to be done in your assigned groups.
CLASS PARTICIPATION/PROFESSIONALISM:
Class participation will be a mix of group peer evaluations (each member in the
group will evaluate other group members at the end of the semester), attendance
and overall professionalism and respect shown in class for the professor and
other classmates.
CONNECT ONLINE HOMEWORK:
The homework assigned for each lecture must be completed and submitted
online before 1 PM on the due date (THIS TIME DEADLINE IS FOR BOTH
SECTIONS!). I will not accept homework turned in during class time in hard
copy form. The homework is designed to be a supplementary tool to help
students: 1) understand the concepts covered in the financial module and 2)
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apply the concepts in a practical situation. All homework assignments will be
completed online via Connect that comes with your edition of the Spiceland
textbook. All students must register online in accordance with the instructions
found in your Connect access card that you purchased with your Spiceland
textbook. You will need to provide a user name and password to log on and do the
homework assignments throughout the semester. Multiple students cannot use
the same access card. The following website is where you need to go to access the
homework problems. Please register at the following websites (depending on
your section) by clicking on the “Register as Student” link and following the
instructions:
1pm Section:
http://connect.mcgraw-hill.com/class/k_hee_mw_fall_2012_1pm
7pm Section:
http://connect.mcgraw-hill.com/class/k_hee_mw_fall_2012_7pm
The homework system will not accept any homework submissions made after the
assigned date and time. Due to the fact that the homework due by the start of
class each day will relate to material that I have not yet lectured on, students will
be allowed to three attempts for each homework problem. Each homework
assignment is worth a maximum of 15 points and points are earned on a sliding
scale based on the accuracy of your answers. The grading scale will be as follows:
% of Homework Answered Correctly
0 – 49%
50 – 74%
75 – 100%
Homework Points Earned
0 points
8 points
12.5 points
The lowest homework grade will be dropped in when calculating the
student’s final point tally in this module.
CALCULATORS:
A financial calculator is required for use in this module when we cover bonds and
leases in Chapters 14 and 15. Examples include (but are not limited to):
 TEXAS INSTRUMENTS MODEL – BA II PLUS
 HEWLETT PACKARD MODEL – 10B
 HEWLETT PACKARD MODEL – 12C
Financial calculators are calculators that have the time value of money function
keys (e.g., PV, FV, PMT, N, I/YR).
SPECIAL ACCOMODATIONS:
If you qualify for accommodations because of a disability, please present me a
letter from Student Disability Services so that your needs may be addressed.
Disability Services (619-594-6473; Calpulli Center, Suite 3101,
http://www.sa.sdsu.edu/sds) determines accommodations based on documented
disabilities.
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In accordance with University-wide policies, accommodations will be made for
students when any test date conflicts with religious observances. To schedule
make-up exams based on conflicts with religious observances, you should contact
me at least TWO WEEKS prior to the scheduled exam date.
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DATE
Aug 27
Aug 29
Sept 3
Sept 5
Sept 10
Sept 12
Sept 17
Sept 19
Sept 24
Sept 26
Oct 1
Oct 3
Oct 8
Oct 10
Oct 15
Oct 17
RELEVANT
CHAPTERS
TOPIC COVERED
Financial Accounting Framework
Review of the Accounting Process
(in-class exercise)
Balance Sheet & Income Statement
(Quiz 1/in-class exercise)
LABOR DAY – NO CLASS
Income Statement and Statement of Cash Flows
(Quiz 2/Simulation #1)
FINANCIAL EXAM #1
Accounting Orientation – First half of class
Revenue Recognition
Revenue Recognition (pp. 230-258, 263-266)
(In-class exercise)
Cash and Receivables (pp. 358-375)
(Quiz 3/Simulation #2)
Inventory (pp. 420-443, 474-486)
(Quiz 4/In-class exercise)
TBD
(Quiz 5)
FINANCIAL EXAM #2
Fixed Assets & Depreciation
Intangible Assets & Amortization
(pp. 528-544, 546-547, 551-552, 556-561; 588601, 603-625)
(in-class exercise)
Current and Long-Term Liabilities
(pp. 736-744, 752-754, 759-763; 796-810, 814820)
(Quiz 6/Simulation #3)
Long-term Liabilities (maybe Leases too)
(Quiz 7/in-class exercise)
Leases (pp. 806-814, 818-820)
(Quiz 8/Simulation #4)
FINANCIAL EXAM #3
CONNECT
CH 1
CH 2
Chapters 1 & 2
Assignment(ungraded)
CH 3
CH 4
NONE
Chapter 3
NONE
CH 4
CH 1-4
Chapter 4
CH 5
NONE
CH 5
Chapter 5
CH 7
CH 8, 9
Chapter 7
Chapters 8 & 9
CH 5,7-9
CH 10/11
Chapters 10 and 11
(two separate
assignments on
Connect)
CH 13, 14
Chapter 13 & 14
CH 14 (maybe 15)
CH 15
CH 10-11,13-15
Chapter 15
JOIN CALCPA
The CalCPA is a professional organization dedicated to increasing the value and
promoting the integrity of the CPA profession, contributing to the success of their
members and strengthening client, employer, public and government trust in
CalCPA member advice, work products and opinions.
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As new accounting majors, you likely have a multitude of questions about the
profession and what it means to be an accountant in the state of California. The
CalCPA’s website (http://www.calcpa.org/content/home.aspx) is a useful
resource in learning more about the accounting profession. The website also
provides information that can be very useful to someone wanting to learn more
about the accounting profession such as CPA exam information, CPA license
requirements in the state of CA and other career resource information.
In addition to the information resource benefits, CalCPA has multiple scholarship
opportunities available to its student members.
As a requirement for this course, every ACCTG 321 student is required
to join the CalCPA as a student member. Membership is free. You
must join by September 10, 2012. Please email me proof of your
membership (e.g. a snapshot of your account information under the
“My Account” link). Any students who do not join will be subject to a
10 point penalty in your overall point total for the course.
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