Accounting 302-002, Cameron Hall 212 … 12:30– 1:45
External Financial Reporting II
Fall 2013
Instructor:
Office:
Office Phone:
Fax:
E-mail address:
Daniel Ivancevich
230-K, Cameron Hall
962-7681
962-3663
ivancevichd@uncw.edu
Class Schedule:
T/TH ACG 302-002 12:30 – 1:45 CH 212
Office Hours:
Monday 10:00 – 12:00
Tuesday 10:00 – 12:00
Thursday 10:00 – 12:00
Friday 9:00 – 11:00
Or By Appointment
Course Prerequisites:
Grade of C or better in ACG 301 (External Financial Reporting 1)
Required Materials:
Intermediate Accounting, 14th edition, Kieso, Weygandt, and Warfield
Calculator
Course Objective:
ACG 302 is designed to present in-depth coverage of advanced financial accounting
topics, as well as, recent developments in accounting valuation and reporting
practices promulgated by the leading professional accounting organizations and
applied by practitioners in industry and public accounting. Coverage includes form
and content of financial statements, financial accounting concepts and procedures,
asset management and income determination. In addition, students will enhance
their analytical and problem-solving skills.
Learning Objectives:
See attached schedule for learning objectives covered in each session.
Student’s Responsibilities:
You are going to work hard in this class. In order to comprehend the material, it is
important that you keep pace with the material being presented in class. In order to
accomplish this task, attendance is essential. If you miss a class for any reason, you
are responsible for any assignments or work turned in, the material presented, and
any items that may have been distributed.
Class preparation is extremely important for success in ACG 302. I expect you to
read the assigned material before class. Completion and understanding of the
assigned homework problems is essential to learning the material and performing
well on the quizzes and exams. Solutions to the assigned questions, brief exercises,
exercises and problems are available on my web site.
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Grading:
Grades will be determined by the accumulation of points from exams, quizzes and
other graded material. Points will be determined in the following fashion:
Homework/Quizzes
Exam 1
Exam 2
Exam 3
Exam 4
Total
POINTS
15%
21.25%
21.25%
21.25%
21.25%
100%
Final grades will be based on the percentage of total points earned and assigned in
the following manner:
90% - 100%
A
87% - 89.9%
B+
80% - 86.9%
B
77% - 79.9%
C+
70% - 76.9%
C
60 – 69.9%
D
< 59.9%
F
Homework: I have assigned questions, brief exercises, exercises, problems, and
cases for you to work from each chapter. The assignments can be found on the
schedule at the back of this syllabus. Homework will be randomly collected and
graded. Make sure you bring your homework to class each and every day. If you are
unable to attend class, email your homework to me before class begins. No late
homework assignments will be accepted.
Quizzes: Quizzes will be given throughout the semester. These quizzes are meant
to test your understanding of topics covered in class. If you miss a quiz, you will
receive a grade of zero for that quiz. If you are unable to attend class on a day when
a quiz is due, email your quiz to me before class begins. No late quizzes will be
given or accepted.
Files on Professor’s Webpage: Students can find files related to ACG 302 on Dr.
Ivancevich’s web page. The address is www.csb.uncw.edu/people/ ivancevichd.
Exams: Exams will be comprised of the material that is presented in class. Reading
your book, reviewing your notes, and working the homework assignments and
quizzes will prepare you for the exams. The final exam will be administered
according to the university schedule.
Make-up exams: Exams after the exam date will not be given. I am willing to
work with you if you have to miss an exam. Arrangements will be made for you to
take the exam early. Students missing an exam for any reason will take a
comprehensive final exam. This comprehensive final exam score will replace the
missed exam.
Graduation: You must earn no less than a grade of “C-” in this class to graduate
with a degree in Accounting. It is up to you to earn the grade.
Harassment Issues:
UNCW practices a zero-tolerance policy for violence and harassment of any
kind. For emergencies contact UNCW CARE at 962-2273, Campus Police at 9623184, or Wilmington Police at 911. For University or community resources visit
http://uncw.edu/care .
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Honor Code:
As a student at UNCW, you are pledged to uphold and support the
UNCW Student Academic Honor Code:
The University of North Carolina Wilmington is a community of high academic
standards where academic integrity is valued. UNCW students are committed to
honesty and truthfulness in academic inquiry and in the pursuit of knowledge. This
commitment begins when new students matriculate at UNCW, continues as they
create work of the highest quality while part of the university community, and
endures as a core value throughout their lives.
Guidelines in support of the Honor Code, including definitions of cheating and
plagiarism, may be found at:
http://uncw.edu/odos/honorcode/ .
Cell phone Use:
There is no need to use cell phones in this class. Put them away. Sending or
receiving text messages or cell phone calls is prohibited in this class. Treat this class
like a professional work meeting. You would/will not send or receive text messages
or cell phone calls in a professional work meeting. If there is an extenuating
circumstance that requires that a cell phone be available, please speak with the
professor.
Resources available to students: My office hours: I am here to help you. My office hours and phone numbers are
listed on the first page of the syllabus. If the office hours listed are not convenient for
you, contact me to set up an appointment that fits both of our schedules. I am more
than happy to try and help with any problems or questions you may have.
E-mail: I find email an excellent way to communicate information with my
students, so you will be asked to provide me with your email address. If you do not
have an email address, you need to get one. As a UNCW student, you are entitled to
an email address on the campus system. I will be sending all correspondence to your
UNCW email account.
I have also provided you with my email address. If you have a question regarding
something we covered in class or a homework assignment, you can email me. I
check my email several times each day and will provide a prompt response to your
questions or concerns.
THE UNIVERSITY LEARNING CENTER : DePaolo Hall 1056 & 1003, first
floor, 910.962.7857, www.uncw.edu/ulc
The University Learning Center’s (ULC) mission is to help students become
successful, independent learners. Tutoring at the ULC is NOT remediation: the ULC
offers a different type of learning opportunity for those students who want to
increase the quality of their education. ULC services are free to all UNCW students
and include the following:
--Learning Services http://www.uncw.edu/ulc/learning/index.html
--Math Services http://www.uncw.edu/ulc/math/index.html
--Supplemental Instruction http://www.uncw.edu/ulc/si/index.html
--Writing Services http://www.uncw.edu/ulc/writing/index.html
Study Groups: I would encourage you to form a study group with other students
taking ACG 302 this semester. The group can be used to work or review homework
assignments and/or review material that has been presented in class. I find it is a
very good way for students to ensure that the material presented in class is being
understood.
Book Website: Although I have provided helpful material on my personal website,
the book website contains an Online Companion Site for your use. You can connect
to the book website at:
http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0470587237&bcsId=6326
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ACG 302
External Financial Reporting 2
Tentative Class Schedule
Date
Chapter/Topics
H 8/22
Course Introduction
T 8/27
Chap 13: AP, Notes payable, Current maturities of long-term
debt, Refinancing, Dividends payable, Unearned revenues, Sales
Taxes, Employee related liabilities
Reading
Chap 13: Contingencies, Warranty costs, Premiums and Coupons,
Presentation, Analysis
T 9/3
Chap 13: Finish
H 9/5
Chap 14: Bonds payable, Issuing bonds, Valuation of bonds
Chap 14: Valuation of bonds, Costs of Issuing bonds,
Extinguishment of Debt
T 9/10
H 9/12
Chap 14: Long-term notes, Zero-interest bearing notes, Interestbearing notes, Notes Issued for property and services, mortgage
notes, Presentation, Analysis
Chapter 14: Finish
Review Exam #1 (Chapters 13 & 14)
T 9/17
H 9/19
Exam #1 (Chapters 13 & 14)
Chapter 15: Corporations, Issuance of stock, Lump-sum sales,
Non-cash transactions, Cost of issuing stock, Treasury stock
Read Chapter 15
T 9/24
Chapter 15: Preferred stock, Cash dividends, Property dividends,
Liquidating dividends, Stock dividends, Stock splits, Presentation
of SE, Analysis
Chapter 15: Finish
Read Chapter 16
H 9/26
Problems/
Cases
Read Chapter 13
Read Chapter 14
H 8/29
Homework Assignments Due the Day Appear on the Schedule
Questions
Brief Exercises
Exercises
Ch 13: 1, 8, 10, 12
Ch 13: 2, 5, 6, 7
Ch 13: 3, 8
Ch 13: 17, 18, 20,
23, 25
Ch 13: 13, 14
Ch 13: 11, 13
Ch 13: 30
Ch 13: 15
Ch 14: 5, 6, 8, 9
Ch 14: 1, 6, 8,10
Ch 14: 5, 10
Ch 14: 13, 14
Ch 14: 11, 13, 14
Ch 14: 15, 16
Ch 15: 3, 6, 8, 10
Ch 15: 1, 4, 6, 7
Ch 15: 2, 5, 6
Ch 15: 18, 23
Ch 15: 10, 11, 12
Ch 15: 13, 15, 18
Ch 16: 1
Ch 16: 2, 3, 4,
Ch 16: 3, 7, 9
Ch 13: 8
Ch 14: 2
Chapter 16: Convertible debt, Convertible preferred stock, Stock
warrants
T 10/1
Chapter 16: Stock compensation, Restricted stock
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H 10/3
Date
Chapter/Topics
Chapter 16: EPS, Basic EPS, Diluted EPS, EPS
presentation and disclosure
T 10/8
Last day to withdraw
ACG 302
External Financial Reporting 2
Tentative Class Schedule
Homework Assignments Due the Day Appear on the Schedule
Reading
Questions
Brief Exercises
Exercises
Ch 16: 12, 13, 14
Ch 16: 6, 8
Ch 16: 11, 14
Ch 16: 17, 19, 22, 24
Ch 16: 10, 14
Ch 16: 17, 22, 24,
28
Ch 17: 1, 4, 7, 13
Ch 17: 1, 4
Ch 17: 3, 4
Ch 17: 10, 15, 16, 21,
24, 26
Ch 17: 5, 7
Ch 17: 6, 11, 12,
18, 21
Problems
Ch 16: 8
Chapter 16: Finish
H 10/10
Review for Exam #2 (Chapters 15 & 16)
FALL BREAK (BE SAFE … HAVE FUN)
T 10/15
H 10/17
Exam #2 (Chapters 15 & 16)
Chapter 17: Investments in debt securities,
Investments in equity securities
Read Chapter 17
T 10/22
Chapter 17: Investments in equity securities,
Equity method, Fair value option, Impairment of
value
Chapter 17: Transfers between categories
Read Chapter 18
H 10/24
Chapter 18: Guidelines for revenue recognition,
Recognition at the point of sale, Recognition
before delivery
T 10/29
H 10/31
Chapter 18: Recognition before delivery,
Recognition after delivery
Chapter 18: Finish
Ch 18: 2, 6, 7
Ch 18: 11, 18, 23
Ch 18: 2
Ch 18: 2, 7, 10,
12
Ch 18: 4, 12, 15
Ch 18: 7
Review for Exam #3 (Chapters 17 & 18)
T 11/5
H 11/7
Exam #3 (Chapter 17 & 18)
Chapter 19: Fundamentals, Temporary
differences, Permanent differences, Change in tax
rates
Read Chapter 19
5
Date
T 11/12
Chapter/Topics
Chapter 19: Change in tax rates , Net operating
losses, Financial statement presentation
H 11//14
Chapter 19: Finish
ACG 302
External Financial Reporting 2
Tentative Class Schedule
Homework Assignments Due the Day Appear on the Schedule
Reading
Questions
Brief Exercises
Exercises
Read Chapter 21
Ch 19: 1, 4, 5, 8, Ch 19: 1, 4, 5, 7
Ch 19: 1, 2, 4, 5,6
[pages 1290-1304,
10
1310-1315, 13191325] (Lessee’s
accounting)
Ch 19: 11,16
Ch 19: 10, 12, 15
Ch 19: 13, 17, 20,
23
Problems
Ch 19: 4
Chapter 21: Concepts, Accounting by lessee,
Capitalization criteria, Capital lease method
T 11/19
Ch 21: 3, 5
Ch 21: 1, 2, 5
Ch 21: 2, 3
Ch 21: 8, 17
Ch 21: 9
Ch 21: 8, 11, 12(b)
Ch 22: 2, 3, 4, 11
Ch 22: 3, 4
Ch 22: 2, 5
H 11/28
Chapter 22: Change in accounting estimate,
Change in reporting entity, Accounting error
Thanksgiving Holiday (Be thankful!)
T 12/3
Chapter 22: Accounting error
Ch 22: 12, 15
Ch 22: 6, 9
Ch 22: 6, 8, 11, 15,
21
H 11/21
Chapter 21: Capital lease method, Operating lease
method, Residual values, Bargain purchase option
Chapter 21: Finish
Read Chapter 22
Ch 21: 8
Chapter 22: Changes in accounting principle,
Changes in accounting estimate
T 11/26
Ch 22: 6
Review for Exam #4 (Chapters 19, 21, & 22)
FINAL EXAM
H 12/12
ACG 302-002 11:30 – 1:30
EXAM DATES:
EXAM #1
Tues, 9/17 (Chapters 13 & 14)
EXAM #2
Tues, 10/15 (Chapters 15 & 16)
EXAM #3
Tues, 11/5 (Chapters 17 & 18)
EXAM #4
ACG 302-002, Thurs, 12/12 11:30 – 1:30 (Chapters 19. 21, & 22)
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