****COLLEGE OF BUSINESS****
ACADEMIC SYLLABUS
ACG 3113
Intermediate Accounting II
Spring Term 2015
INSTRUCTOR:
OFFICE:
PHONE:
EMAIL:
WEBPAGE:
OFFICE HOURS:
Roni Murphy
TE 107-B (St. Pete Gibbs campus)
(727) 341-4628
murphy.roni@spcollege.edu or MyCourses email (preferred)
http://www.spcollege.edu/instructors/id/1436
Follow above link to SPC Instructor webpage for office hours.
ACADEMIC DEPARTMENT:
Program Director: Mike Ewell
Office Location: Epi- Room 2-305E
Phone Number: (727) 791-2610
REQUIRED TEXTBOOK & OTHER RESOURCE INFORMATION:
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Intermediate Accounting II (customized with ConnectPlus code).
Access to high speed Internet.
Knowledge of Microsoft Office.
Basic calculator.
ISBN Number: 9781308356839 (Book & ConnectPlus code)
Important: This bundle package has been customized for the Saint Petersburg College
only.
Library: http://www.spcollege.edu/central/libonline/.
COURSE INFORMATION:
DESCRIPTION:
Prerequisite: ACG 3103. This course is a continuation of Intermediate Accounting I
(ACG 3103). The topics included are tangible and intangible assets, investments,
current liabilities and contingencies, bonds and long term debt, shareholder’s equity,
and earnings per share: 47 contact hours
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MAJOR LEARNING OUTCOMES:
1. The student will identify the various costs included in the initial cost of property,
plant, and equipment, natural resources, and intangible assets.
2. The student will determine depreciation (depletion in case of natural resources)
using both time-based and activity-based methods.
3. The student will describe the amortization and valuation of intangible assets.
4. The student will identify the situations that involve significant impairment of the
value of operational assets and describe the required accounting procedures.
5. The student will demonstrate how to identify an account for investments and its
different classifications.
6. The student will define liabilities and distinguish between current, long-term
liabilities, and other instruments of debt such as bonds.
7. The student will describe the components of shareholder’s equity and explain
how they are reported in the statement of shareholder’s equity.
8. The student will calculate Earnings per Share (EPS).
ASSIGNMENTS AND SCHEDULE:
MODULE
Module 1
TOPIC
CH 10
Property, Plant, and Equipment and
Intangible Assets: Acquisition and
Disposition.
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HOMEWORK
Learn Smart CH 10
Homework CH10: ConnectPlus
Quiz CH10: ConnectPlus
Discussion Question
Initial cost of property, plant, and
equipment
Intangible assets
Exchange for equity securities
Fixed-asset turnover ratio
Dispositions and exchanges
Capitalized interest
Accounting treatment of costs
incurred
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MODULE
Module 2
TOPIC
CH11
Property, Plant, and Equipment and
Intangible Assets: Utilization and
Impairment.
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Module 3
Module 4
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Held-to-maturity
Trading securities
Available-for-sale securities
Significant influence
Equity method
Fair value of the net asset
CH 13
Current Liabilities and
Contingencies
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Learn Smart CH 11
Homework CH11: ConnectPlus
Quiz CH11: ConnectPlus
Discussion Question
Concept of cost allocation
Periodic depreciation
Periodic depletion
Periodic amortization of intangible
assets
Different accounting treatments
Accounting treatment for errors
Identify significant impairment
Repairs, maintenance, additions,
improvements
CH 12
Investments.
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HOMEWORK
Learn Smart CH 12
Homework CH12: ConnectPlus
Quiz CH12: ConnectPlus
Discussion Question
Learn Smart CH 13
Homework CH13: ConnectPlus
Quiz CH13: ConnectPlus
Discussion Question
Current and long-term liabilities
Notes
Accrued liabilities and other
liabilities
Noncurrent obligations
Contingencies
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MODULE
Module 5
TOPIC
CH 14
Bonds and Long-Term Notes.
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Module 6
CH15
Leases
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Characteristics of debt instruments
Bonds: Face value, discount, or at
premium
Notes, installment notes
Forms of long-term debt
Financial ratios
Extinguishment of debt
Report liabilities at their fair values
Operational, financial, and tax
implications
Rental agreements
Leases classification
Transactions associated with
operating leases
Capital lease
Sales-type lease
Bargain purchase option
Residual value of a leased asset
Executory cost, discount rate,
initial direct cost, and contingent
rentals
Sale-leaseback agreements
HOMEWORK
Learn Smart CH 14
Homework CH14: ConnectPlus
Quiz CH14: ConnectPlus
Discussion Question
Learn Smart CH 15
Homework CH15: ConnectPlus
Quiz CH15: ConnectPlus
Discussion Question
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Module 7
CH18
Shareholder’s Equity
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Components
Comprehensive income
Forms of organizations
Issuance of shares
Retired shares and treasury shares
Paid-in capital
Dividends
Stock dividends and splits
Learn Smart CH 18
Homework CH18: ConnectPlus
Quiz CH18: ConnectPlus
Discussion Question
CH19
Share-Based Compensation and
Earnings Per Share
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Module 8
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Stock award plans
Stock options
Share purchase plans
Complex capital structure
Common shares
Effect on EPS of the sale of new
shares
Preferred dividends and EPS
Options, rights, and warrants
Convertible securities
Treasury stock method
EPS in the income statement
CUMULATIVE FINAL EXAM!!
Learn Smart CH 19
Homework CH19: ConnectPlus
Quiz CH21: ConnectPlus
STUDY FOR FINAL EXAM!!
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IMPORTANT DATES:
Course dates: 03/16/2015 – 05/07/2015
Last day to drop and receive a refund: 03/20/2015
Last day to withdraw and receive a grade of “W”: 04/16/2015
Financial Aid: http://www.spcollege.edu/central/SSFA/HomePage/calendar.htm
DISCIPLINE SPECIFIC INFORMATION:
Accounting in general is a hard subject that requires a lot of patience, perseverance,
practice and study to learn. This is an intensive eight-week course. It is recommended
the student dedicate a minimum of 10 hours per week to its study. Online and Blended
classes give the student a lot of flexibility in regards to study time but it is imperative to
get organized and set a consistent time per week to go over the study material and the
other requirements of this course.
The learning process can be very demanding, but at the same time it will be very
rewarding. The world of accounting is fascinating and will help the student develop a
new set of skills that will open the doors to a whole new world of opportunities.
ATTENDANCE:
The college-wide attendance policy is included in the Syllabus Addendum at:
http://www.spcollege.edu/webcentral/policies.htm
Students classified as “No Show” for both of the first two weeks will be administratively
withdrawn from the class.
For online classes “No Show” means not completing the Syllabus Agreement Quiz and
registering for ConnectPlus in Week 1 and not completing all assignments in Week 2.
Students who have not completed more than 40% of their assignments due (homework
& chapter exams) at the 60% point will be considered as “not actively participating” in
the class and may be administratively withdrawn with a grade of “WF”.
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GRADING:
Grades will be earned in five parts, as follows:
Discussion Questions----------------------------Learn Smart----------------------------------------Homework ------------------------------------------Quizzes ---------------------------------------------Cumulative Final Exam -------------------------Total possible points --------------------------A
B
C
F
10%
10%
25%
40%
15%
100.00%
90 - 100%
80 - 89%
70 - 79%
Less than 70%
ASSIGNMENTS:
It will be the students’ responsibility to complete their assignments on time and in an
acceptable manner. Thus, late assignments will not be accepted regardless of
circumstances.
Assignments that are not completed by the due date will receive a zero (0). In
consideration of personal contingencies, the instructor will drop the student’s
lowest score on homework, LearnSmart and chapter quizzes. With this rule, the
student will not be penalized for a low score on a homework, LearnSmart and chapter
quiz.
Please pay attention to the instructions for every assignment such as due date, time
allowed (if that is the case), maximum attempts, etc. The instructions will be displayed in
ConnectPlus.
STUDENTS’ AND INSTRUCTOR’S EXPECTATIONS:
Online /Student Conduct
http://www.spcollege.edu/ecampus/help/conduct.htm
Online Student, Faculty and Staff Expectations and Performance Targets
http://www.spcollege.edu/ecampus/help/expectations.htm
Academic Honesty Policy
http://www.spcollege.edu/AcademicHonesty/
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STUDENT SURVEY OF INSTRUCTION:
The student survey of instruction is administered in courses each semester. It is
designed to improve the quality of instruction at St. Petersburg College. All student
responses are confidential and anonymous and will be used solely for the purpose of
performance improvement.
SYLLABUS CHANGES:
Will be posted on the ANGEL and announced to all the students in case they happen.
SYLLABUS ADDENDUM:
State and College policies are found on the addendum. Please make sure you read the
information by following the link below.
http://www.spcollege.edu/webcentral/policies.htm
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