TROY UNIVERSITY
SORRELL COLLEGE OF BUSINESS
Intermediate Accounting II - ACT 3392
SUMMER 2011
Section TBWA
Instructor:
Dr. Rick Turpin
Office hours:
Mondays & Tuesdays:
Wednesdays :
Also, by appointment
8:30 – 10:00 & 1:30 – 4:00
9:00 – 10:00 & 1:30 – 2:30
Office location:
201 McCartha
E-mail address: rturpin@troy.edu
Office phone #s:
334-808-6353
334-670-3136 (Secretary)
Classroom location & time:
Patterson 305 MTW&TH
10:30 am – 12:50 pm
Prerequisites:
ACT 3391 (Note – accounting majors must complete this course with a
grade of C or better.)
Description: Accounting 3392 is the second of two courses in Intermediate Accounting. It will continue
the course of study that you started in ACT 3391. It is designed to build on the knowledge that you
mastered in your principles classes and in ACT 3391. It will deal with issues regarding debt and equity
financing of an entity, long-term investments, leases, income taxes, pensions and other compensation
issues, earnings per share calculations, analysis of financial statements, and other complex accounting
issues. Accounting 3392 is required for all accounting majors.
Objectives: Upon completing the course, you should be able to:
1. analyze and record complex business transactions associated with operating, financing, and
investing activities of business entities
2. apply professional accounting standards to revenue recognition;
3. calculate and report EPS information;
4. account for and report on accounting changes and errors;
5. prepare a statement of cash flows.
Required Materials:
1. Kieso, Weygandt, and Warfield, Intermediate Accounting (13th edition), Wiley. Please bring
your textbook to class.
2. WileyPlus. At the University bookstore, the text is bundled with WileyPlus. A code is included
in your purchase of WileyPlus. If you opt to acquire an unbundled text, purchase WileyPlus from
Wiley. I will provide you with the appropriate url number that you will need for WileyPlus.
3. Course handout – the handout is available in the course documents section of blackboard.
Please bring your course handout to class.
4. A calculator. Please bring your calculator to class.
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Grade Determination: Your course grade will be determined on the basis of the points that you earn on
your homework assignments and your examinations. To determine your letter grade, I will take the
total points that you earn and divide that total by 870 points. Letter grades will be assigned using the
following traditional scale:
A
B
C
D
F
90 – 100%
80 – 89%
70 – 79%
60 – 69%
59% and below
Homework: Homework assignments will be worth 230 points. I will not accept late homework. You
can work on homework assignments individually or in groups. Some homework assignments will be
referred to as “traditional homework” assignments. These assignments will be available on blackboard.
Due dates for these assignments will be indicated on blackboard. Other homework assignments will be
referred to as “WileyPlus homework” assignments. These assignments will be available only through
WileyPlus. Due dates for these assignments will be indicated on WileyPlus.
Examinations: Examination dates are indicated on the syllabus. There will be two interim-term
examinations and one comprehensive final examination. Each interim-term examination will be worth
185 points while the comprehensive final examination will be worth 270 points. The format for each
examination will be a combination of multiple-choice questions, problems, and short-answer questions.
Programmable calculators (those that can store text) are not permitted while taking any examination.
Class Procedure: Class will be a mixture of lecture and discussion. Your participation in the class
discussion is encouraged. You should read the appropriate chapter(s) prior to coming to class.
Attendance Policy: I recommend you attend each scheduled class because exam questions will include
material that is not in the text but that was discussed in class. In addition, I recommend you not be late
for any class! In registering for classes at Troy, you accept responsibility for attending scheduled class
meetings. It is your responsibility to drop the course according to University policy.
Inclement Weather and Emergency Situations: Both you and I are responsible for meeting during all
assigned classes. In the event of inclement weather, we will be expected to attend class as usual as long
as we may do so without risking peril to ourselves or to others. During periods of inclement weather,
we will not be penalized for absences dictated by perilous conditions. In severe cases of inclement
weather or other emergency conditions, the University will announce cancellation of classes through the
local and regional media as well as through the University’s web site.
Make-up Work Policy: If you will miss an examination because of a University-approved function, I will
allow you to take a make-up examination on a predetermined date. Please give me advance notice of
your pending absence. If you miss an examination for any other reason, e.g., illness, you can take a
make-up examination on Dead Day or on some other predetermined date. You will receive a zero grade
for any missed examination.
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Incomplete grade policy: Missing any part of the course schedule may prevent you from completing the
course. If you foresee any difficulty, e.g., an illness, employment change, etc., that may prevent you
from completing any portion of this course, notify me as soon as possible. If circumstances will prevent
you from completing the course by the end of the semester, you should complete a request for an
incomplete grade. Note that a grade of incomplete or “INC” is not automatically assigned to you.
Rather, you must request a grade of “INC” by submitting a Petition for and Work to Remove an
Incomplete Grade Form. Requests for an incomplete grade must be made on or before the date of the
final assignment or test of the semester. A grade of “INC” does not replace an “F” and will not be
awarded for excessive absences. You will only be awarded an “INC” if you present a valid case for the
inability to complete coursework by the conclusion of the term. It is ultimately my decision to grant or
deny a request for an incomplete grade, subject to the policy rules below.
Policy/Rules for granting an Incomplete (INC):



An incomplete cannot be issued without a request from the student.
To qualify for an incomplete, the student must:
a. have completed over 50% of the course material and have a documented reason for
requesting the incomplete. (50% means all assignments/exams up to and including the
mid-term point, test, and/or assignments.)
b. be passing the course at the time of their request.
If both of the above criteria are not met an incomplete cannot be granted.
An INC is not a substitute for an F. If a student has earned an “F” by not submitting all the work or
by receiving an overall F average, then the F stands.
Blackboard support: Blackboard Online Support Center for Troy University provides customer care
technicians who are available to support you 24 hours a day/7 days a week. Call 1-888-383-6206 for
assistance. If you experience technical difficulties with features in Blackboard, please click the following
link:
http://helpdesk.troy.edu
Non-harassment, hostile work/class environment: Troy University expects students to treat fellow
students, their instructors, other TROY faculty, and staff as adults and with respect. No form of “hostile
environment” or “harassment” will be tolerated by any student or employee.
Cell phones and other electronic devices: Your use of any electronic devise in the instructional
environment is prohibited unless explicitly approved on a case-by-case basis by myself or by the Office
of Disability Services in collaboration with myself. You may use cellular phones, pagers, and other
communication devices for emergencies, but sending or receiving non-emergency messages is forbidden
by the University. Use of a communication device to violate Troy University’s “Standards of Conduct”
will result in appropriate disciplinary action (See the Oracle.)
In order to receive emergency messages from the University or family members, the call receipt
indicator on devices must be in the vibration or other unobtrusive mode. If you receive a call that you
believe to be emergency call, answer quietly without disturbing the teaching environment. If the call is
an emergency, move unobtrusively and quietly from the instructional area and notify myself as soon as
reasonably possible. If you are expecting an emergency call, please inform my before class starts.
Americans with disabilities act (ADA): Troy University supports Section 504 of the Rehabilitation Act of
1973 and the Americans with Disabilities Act of 1990, which insure that postsecondary students with
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disabilities have equal access to all academic programs, physical access to all buildings, facilities and
events, and are not discriminated against on the basis of disability. Eligible students, with appropriate
documentation, will be provided equal opportunity to demonstrate their academic skills and potential
through the provision of academic adaptations and reasonable accommodations. Contact the Adaptive
Needs Office in Eldridge Hall 102 or call (334) 670-3321. If your disability falls within ADA guidelines,
please inform me at the beginning of the semester.
Honesty and plagiarism: The awarding of a university degree attests that you have demonstrated
mastery of a significant body of knowledge and skills of substantive value to society. Any type of
dishonesty in securing those credentials invites serious sanctions, up to and including suspension and
expulsion (see Standard of Conduct in each TROY Catalog). Examples of dishonesty include actual or
attempted cheating, plagiarism, or knowingly furnishing false information to any university employee.
Mission relevance: ACT3392’s course learning objectives will be implemented in accordance with the
mission of Troy University, the Sorrell College of Business (SCOB), and the School of Accountancy. I will
strive to offer a high-quality course to assist you in becoming a successful accounting professional. My
highest priorities are the pursuit of teaching excellence, accessibility to you, and a sincere interest in
your long-term success. You are expected to have a strong desire to learn and solid work ethic.
Troy University Mission Statement: Troy University is a public institution comprised of a network of
campuses throughout Alabama and worldwide. International in scope, Troy University provides a variety
of educational programs at the undergraduate and graduate levels for a diverse student body in
traditional, nontraditional and emerging electronic formats. Academic programs are supported by a
variety of student services which promote the welfare of the individual student. Troy University's
dedicated faculty and staff promote discovery and exploration of knowledge and its application to lifelong success through effective teaching, service, creative partnerships, scholarship and research.
SCOB Mission Statement: Through operations that span the State of Alabama, the United States, and
the world, Sorrell College of Business equips our students with the knowledge, skills, abilities and
competencies to become organizational and community leaders who make a difference in the global
village and global economy. Through this endeavor, we serve students, employers, faculty, and Troy
University at large as well as the local and global communities.
School of Accountancy Mission Statement: The mission of the School of Accountancy is to advance the
accounting profession by providing quality accounting education to both undergraduate and graduate
students, publishing quality research and providing service to the professional community. We prepare
students for successful careers with increasing professional and managerial responsibility in public
accounting as well as government and industry and prepare undergraduate students for admission to
graduate programs in accounting and business.
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TENTATIVE COURSE SCHEDULE
10:30 am to 12:50 pm
Class #
1
2
3
4
5
6
Month
JUNE
7
8
Day
W
Th
M
T
W
Th
M
T
W
9
10
11
12
13
Th
M
T
W
Th
14
15
16
M
T
W
JULY
Date Chapter(s)
22
13
23
13 & 14
27
14
28
15
29
16
30
16 & 17
04
05
17 & 18
06
19
07
19
11
20
12
20 & 21
13
21
14
22
18
22 & 23
19
23 & 24
20
Notes
No class – Independence Day
Exam No. 1 – 10:30 to 11:50
11:55 to 12:50
Exam No. 2 – 10:30 to 11:50
11:55 to 12:50
Final Exam – 10:30 to 12:50