Syllabus: ACCOUNTING 3(3007); Fall 2015
version 1
SYLLABUS
(SUBJECT TO CHANGE BY PROFESSOR)
Accounting 3
Ticket No. 3006
Instructor: Mr. Ozur, CPA
Room CC 201
Time: 6:45 – 9:55 PM MONDAYS
Office Hours: MONDAYS 6:15 – 6:45 PM (CC-201)
Email: ozurr@lavc.edu ; rozur@socal.rr.com
Text & Required
Material:
a.
Intermediate Accounting, 15th Edition
KIESO, Weygandt, Warfield
b.
c.
d.
e.
f.
6 & 13 Column paper & Work papers (Optional)
Website http://bcs.wiley.com/he-bcs/Books?
Prerequisite: A grade of "C" or better in Accounting 2
ISBN 978-1-178-119-08041-1
Prerequisite: Accounting 2, with a grade of C or better.
Companion site: http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1118985311&bcsId=9080:
Course Objective: This course provides complete analytical application and an advanced review of topics discussed in Accounting I and II.
Topics include assets (current, fixed, and intangible), investments, financial statements, income taxes, liabilities, stockholders equity, revenue
recognition, asset acquisition and leases. Preparation for part
of the CPA Exam.
Consider pursuing a Certificate in Accounting and, ultimately, an AA degree. For the list of certificates and degrees you can obtain, please
go to http://www.lavc.edu/programs.html.
COURSE LEARNING OBJECTIVES CLO:
After completing this course, students will be able describe and analyze the criteria to differentiate capital lease vs. operating lease and utilize the
related accounting techniques to real world.
After completing this course, students will be able to describe and differentiate the various kinds of acquisition, utilization and disposition of
noncurrent operating assets and apply to real business.
After completing this course, students will be able to list, explain, and apply the various types of revenue recognition and associated accounting
techniques in accordance with GAAP.
Grading Policy: There will be four exams, as described
in the course outline. Grading will be
as follows (grading on exams on a curve).
Quiz 1
100
Quiz 2
100
Mid-term
200
Final
200
Homework 100
Total Pts.
700
METHOD OF INSTRUCTION:
Lecture, Seminar, and Group Discussion
1
Syllabus: ACCOUNTING 3(3007); Fall 2015
version 1
SCHEDULE:
See Assignment Calendar
NOTES:
You have the RIGHT to ask anyone in class for help.
You have the DUTY to assist anyone who asks for help.
You are expected to have studied the assigned chapter.
You are expected to have done your homework and spent some
time thinking about your solution. You are expected to bring your
textbook, working papers and a calculator to every class meeting.
From time to time, I MAY apply at my discretion a factor (The“ R”
Factor) to a particular exam. This factor is based my arbitrary
and subjective opinion of the difficulty of that particular exam
and is NOT negotiable.
An "I" grade is given only when a small portion of the course
work must be completed. Student must have attended the first fifteen weeks of the semester. If the work is not completed by the
end of the following semester, class grade will be computed with the incomplete course work as 0%. This MUST be discussed
with the professor.
Students who OFFICIALLY withdraw by May 8th shall receive a
grade of "W". Students may NOT officially withdraw after
May 8, but will be given their earned grade.
You must conduct yourself in a professional manner during all
Classes.
Cheating on any exam will not be tolerated.
Student Learning Outcomes
1.
2.
3.
4.
5.
6.
Determine which items are included in cash and cash equivalents.
Determine what costs are included in property, plant and equipment acquisitions.
Differentiate between long term liabilities and current liabilities.
Identify major balance sheet classifications.
Format income statement based on GAP.
Format balance sheet based on GAP.
SERVICES FOR STUDENTS WITH DISABILITIES (SSD):
If you are a student with a disability requiring classroom accommodations, and have not contacted SSD, do so in a timely manner. SSD is located in
the Student Services Annex, Room 175 or call SSD at 818-947-2681 or TTD 818-947-2680 to meet with a SSD counselor. If SSD has already sent
the memo to instructor confirming accommodations required by student for this class, please meet with me to discuss arrangements.
When you have completed accounting 3, you are 4 courses away from completing the Accounting Certificate.
Policies and Procedures
Class Sessions
 All reading assignments should be completed before class.
 You are responsible for all material covered in lectures and in‐class instructional activities.
Homework
 Each student must complete his/her homework. You may work together, but each student has to
the assignment separately.
 Homework is due at the beginning of class.
 Points will be deducted from any homework that is improperly submitted.
In‐Class Exercises, Quizzes, Skills Tests and Exams
2
complete
Syllabus: ACCOUNTING 3(3007); Fall 2015
version 1
 Students are required to complete all In‐Class Exercises, Quizzes, Skills Tests and Exams.
Drop Policy
If you decide to drop the course, it is your responsibility to take care of the necessary details by the appropriate
deadline. Please refer to the Fall 2015 Academic Calendar for specific dates:
http://www.lavc.edu/schedule/library/docs/2015‐Fall_CalendarPage.aspx.
Attendance/Drop Policy
Students are expected to attend all class sessions. You are responsible for notifying the instructor, in advance, of
any absence or scheduling conflict. You may be dropped from the class if you miss more than two consecutive
classes without notifying me. Students who are out for three sessions due to illness need to provide a doctor’s
note to be reinstated back into the class.
Although I retain the right to drop you given the above circumstances, it is nevertheless your responsibility as a
student to withdraw from this class if you do not intend to complete it. Students should not expect faculty to initiate
withdrawal procedures for them. You can drop a class in person, by telephone, or by internet ‐‐ please contact the
Admissions Office for more information.
When completing Accounting 3, you are 4 courses away from completing the Accounting Certificate.
Consider pursuing a Certificate in Accounting and, ultimately, an AA Degree. For the list of certificates and degrees
you can obtain, please go to http://www.lavc.edu/programs.html
Academic Standards
Enrollment in a class may be terminated due to unsatisfactory student conduct, undue disrespect towards an
instructor or administrator, or academic dishonesty. Each student is responsible for maintaining standards of
academic performance established for each course in which he or she is enrolled.
Honest and ethical students are protected in this class. It is your responsibility to familiarize yourself with The Policy on
Academic Dishonesty, which is printed on page 186 of the Fall 2015 General Catalog:
http://www.lavc.edu/schedule/library/Catalogs/LAVC_Catalog_2015‐2016_WEB.aspx.
While studying together is encouraged, each student must complete his or her own Homework, Quizzes, and Exams.
Please be extremely careful that you do not engage in any behavior that could be construed as cheating. Violations could
result in failing grades, reports to the Campus Disciplinarian, academic disciplinary
action, suspension or termination of financial aid, and even permanent expulsion.
The following actions are considered cheating:
 Copying another student's homework, or giving a copy of your homework assignment to a classmate.
 Inappropriate behaviors during a quiz, test or exam:
 Talking or exchanging information with another student.
 Looking at or copying from another student's paper or screen.
 Using a disallowed notes or electronic devices.
 Leaving the classroom without prior permission.
 Removing exam materials from the classroom.
 Falsifying or attempting to falsify attendance records and/or grade rosters.
 Changing answers on a previously scored test, assignment, or experiment with the intent to defraud.
 Taking exams and quizzes for someone else or with someone else.
Disability Statement
If you are a student with a disability requiring classroom accommodations, and have not contacted the Services for
3
Syllabus: ACCOUNTING 3(3007); Fall 2015
Studentsversion
with 1Disabilities Office (SSD), do so
in a timely manner. The Services for Students with Disabilities Office D is
located in the Student Services Annex, Room 175 or call SSD at (818) 947‐
2681 or TTD (818) 947‐2680 to meet with a SSD counselor. If SSD has already sent the memo to instructor
confirming accommodations required by student for this class, please meet with me to discuss arrangements.
DATE
Feb 8
15
22
29
Mar 7
.
WEEK
1
2
2
3
4
ASSIGNMENT
Orientation. Read chapters 1, 2 and 3. Accounting equation, Lecture Chapter 1
Holiday
Lecture chapter 2 and 3, work exercises in class.
Read Ch. 4, lecture on chapter 4, Income Statement, Quiz Chapters 1 – 3.
Chapter 4 bring to class answers to questions, 1 - 37, BE-4-1, E4-1,
E4-4, P4-1, E4-8, CA4-2, page 200. Review Quiz.
14
5
Read Chapter 5. Lecture chapter 5. (Balance Sheet)
Answer questions Ch. 5, 1 -32.
21
6
Bring completed problems to class BE 5-1, E5-1, E5-2, E5-11, CA5-4. Read Chapter 7.
Lecture Ch. 7. Cash and receivables. Quiz Chapters 4 & 5.
28
7
Bring answers to Questions 1-25, Chapter 7 to class as well as,
BE7-1, BE 7-14, BE 7-6, E7-8, E7-11, P7-5. Review for Mid-term
Apr 4
11
18
25
8
9
10
11
Spring Break Holiday
Mid-term exam chapters 3, 4, 5, and 7.
Read Chapter 8(Inventories), pages 414 -435. REVIEW Mid-term exam
Chapter 8, answer questions chapter 1-13. BE8-1, BE8-6, E-8-1,
E8-12. Read Chapter 10, Lecture chapter 10.
Answer questions 1 -20 chapter 10. E10-1, E-10-2, E10-3,
E10-11, P10-1. Read chapter 11. Lecture chapter 11.
Answer questions chapter 11, 1-28. BE11-1, BE11-2, E11-2
E11-4, E11-18, E11-19. Read chapter 12. Lecture chapter 12.
May 2 12
9
13
16 14
ANSWER QUESTIONS CHAPTER 12, 1-25. BE-12-1 through –
BE12-12. Read chapter 13. Answer questions 1- 25, chapter 13.
Exercises BE13-1 through BE13-11, E13-1.
23 15
Read chapter 18 on Revenue Recognition. Lecture Chapter 18. Work exercises in
class. Review leases.
Holiday
30
16
Jun 6
17
FINAL EXAM (Chapters 8, 10, 11, 12, 13, 18 and Leases).
7 -9 PM
4
Syllabus: ACCOUNTING 3(3007); Fall 2015
version 1
5
Syllabus: ACCOUNTING 3(3007); Fall 2015
version 1
6