ACCT 5302 Current Accounting Theory General Information and Policies Fall 2015 I. INSTRUCTOR Instructor: Office: Office Phone: Office Hours: E-mail Web site Herschel Mann BA E366 806-834-2037 W 1:30-3:00 And by appointment [email protected] http://hmann.ba.ttu.edu II. COURSE OBJECTIVES, EXPECTED LEARNING OUTCOMES, AND ASSESSMENT OF THE ATTAINMENT OF EXPECTED LEARNING OUTCOMES ACCT 5302 is, in part, what might be described as “Intermediate Accounting III,” in that it addresses certain topics typically found in an intermediate accounting text but not covered in ACCT 3304 or ACCT 3305. It also addresses topics not traditionally included in an intermediate accounting text. Included in these topics are (1) the evolution of and what currently constitutes U.S. GAAP, as represented primarily by pronouncements issued by the Financial Accounting Standards Board, (2) the FASB’s Codification of U.S. GAAP, (3) the nature and evolution of International Financial Reporting Standards issued by the International Accounting Standards Board, (4) a comparison of U.S. GAAP and International Standards issued by the IASB, (5) an introduction to the Securities and Exchange Commission, and (6) a review of selected major projects currently being addressed by the FASB and the IASB To successfully complete this course, you are expected to learn U.S. GAAP for each of the topics included in the course and to demonstrate proper application of those principles by solving a variety of accounting problems to which those principles relate. You are also expected to be familiar with the principal differences between U.S. GAAP and IFRSs with respect to those topics included in the course. A student’s attainment of the expected learning outcomes in this course will be assessed via a set of traditional written exams. Please see section V of this General Information and Policies statement for a description of how the results of applying this assessment method will influence the course grade. III. COURSE MATERIALS Kieso, Weygandt & Warfield, Intermediate Accounting, 15th ed. (New York: John Wiley & Sons, 2013) or Kieso, Weygandt & Warfield, Intermediate Accounting, 15th ed. 2014 FASB Update (New York: John Wiley & Sons, 2013) Each student is required to sign up for the following Web site: www.iaaer.org You should sign up for the student price, which gives you access to the IASB’s pronouncements. You will also be using the FASB’s Codification. To access the Codification, go to the FASB’s Web site and click on FASB Accounting Standards Codification – Online, then click on Academic Accounting Access, and when prompted to provide a username and password, use the following: User ID for Texas Tech students: AAA51489 Password for Texas Tech students: zKS63Hj IV. COURSE PREREQUISITES A. Enrollment in ACCT 5302 requires that you have successfully completed ACCT 3304 (Intermediate Accounting I) and ACCT 3305 (Intermediate Accounting II). B. You must meet the qualifications necessary to be enrolled in a graduate-level accounting course for students admitted to the Master of Science in Accounting program at Texas Tech. V. COURSE GRADE Your grade in the course will be based on your performance in the following areas: Exam #1 Exam #2 Exam #3 Minimum Points Possible 100 100 100 300 Grades normally will be based on the following scale: Course Average 90-100% 80-89% 70-79% 60-69% 00-59% Course Grade A B C D F VI. CLASS PARTICIPATION You individually and the class collectively will benefit from your preparation for class and your participation in class discussion. Each of you should be prepared to participate in a meaningful way in class discussion, which, of course, will require that you come to class prepared. While your participation is not specifically included in the allocation of points for grading purposes, it may be a deciding factor, either positively or negatively, in borderline cases. In this regard, absences obviously indicate a lack of class participation. A tardy will be treated the same as an absence. Having more than three unexcused absences will, by itself, prevent you from receiving a grade of A in the course. VII. EXAMS Three exams will be given during the course. Exam #3 is not a comprehensive final. It will only include topics covered after Exam #2. VIII. CELL PHONES The use of a cell phone, iPod, iPhone, or any other form of communication device to send or receive oral or written messages during class is prohibited. The mere presence of one of these forms of communications inside the classroom is grounds for your dismissal from the class for that date. Therefore, it should be obvious that the use of any of these forms of communications during class is grounds for dismissal from the class for that date. (Thus, texting during class is grounds for dismissal from class for that date.) A repeat of either of these violations (the presence or use of any of these forms of communications) is grounds for your dismissal from the class for the semester. Your cell phone being visible in the classroom on the day that I give an exam or on the day that I return your exam to you graded constitutes grounds for a zero grade on that exam. In other words, make sure your cell phone is out of sight and in the “off-off” position. Computers may be used in class but may not be connected to the internet during class unless I provide you with a specific acceptable URL. Violation of these policies may result in your dismissal from the class. IX. Other A. Academic Honesty You are expected to do your own work on exams. Cheating will result in an "F" in the course and you will be subject to the maximum disciplinary action allowed by Texas Tech University. B. Blue Books You are required to furnish three blue books in which to take your exams. You should place your name only on the outside of the back cover. These blue books will be due no later than September 3, 2015. C. Disabilities If you have any type of disabling condition that causes you to have special needs with respect to the class, I request that you notify me as soon as possible. I will try to make the necessary accommodations. D. Possible Changes in Due Dates/Assignments Changes in the assignments or due dates are not expected but could possibly occur. Such changes would be announced in class. It is the responsibility of each student to attend class and become aware of such changes. It is anticipated there will be no changes in the exam dates. E. E-Mail Address You will need an e-mail address. You need to make sure that your e-Raider e-mail address is current and is the one that you actually use. If it is not, you must update it this week. I consider any information that I send to your e-Raider e-mail address to be official. It is your responsibility to make sure that your e-Raider e-mail address is correct.