University of Bridgeport
School of Business
ACCT 301-Intermediate Accounting II
Tuesday 6:00PM-8:30PM
Accounting Department
Spring 2014
Professor:
Office:
Office Hours:
Phone: (203) 520-0989
Email: pmcganno@bridgeport.edu
Patrick J. McGannon, Sr., MBA
Mandeville Hall Room 10
Tuesday 5:15 – 5:45
& by appointment
Required Reading/Materials
Intermediate Accounting
Wahlen, Jones, Pagach
SouthWestern Cengage Learning
ISBN: 13: 978-1-111-82237-8
10: 1-111-82237-9
Recommended Reading
Additional reading to be assigned as needed. Students should familiarize themselves with business issues by reading some of
the various business periodicals and journals. For accounting students the Wall Street Journal and Journal of Accountancy are
excellent sources.
A. General Course Information
1. Course Description
The study of generally accepted accounting principles relating to accounting for leases, post-employment benefits, deferred
taxes and other specialized topics. Emphasis on the pronouncement included in the Accounting Standards Codification (ASC)
and reporting requirement of the Securities and Exchange Commission.
2. Intended Audience
Undergraduate students intending to major in accounting.
3. Course Objectives
Upon completion of this course, the students should be able to:
 Further develop the ability to utilize the Accounting Standards Codification (ASC)
 Explain property, plant and equipment (PP&E) valuation, acquisition, disposal, post-acquisition costs, and reporting
issues
 Explain the accounting for research and development costs
 Explain the accounting issues connected with intangible assets
 Define and explain the accounting issues surrounding current liabilities
 Calculate the issue price of bonds, and account for premiums, discounts and interest expense
 Understand the issues related to common and preferred stock, additional paid-in capital and dividends
 Calculate basic and fully diluted earnings per share
 Understand the concepts and calculations surrounding deferred and current taxes and valuation allowances
 Explain the accounting for pensions, leases and investments
 Understand the issues surrounding accounting changes and income recognition
 Explain inventory reporting issues, gross profit methods, gross profit valuation, and retail inventory methods
ACCT 301 – Prof. McGannon
Spring 2014
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B. Prerequisites
ACCT 101, ACCT 102 & ACCT 300
C. Mode of Instruction
Classes will consist of discussion of previously assigned reading, topical lectures and problem solving both inside and outside
of class.
D. Student Responsibilities
1. Academic Honesty Standards
Students should familiarize themselves with, and adhere to, the standards as set forth in the policies on cheating and
plagiarism as defined in Chapters 2 and 5 of the “Key to UB” or the approved graduate handbook. These standards may
be found at http://www.bridgeport.edu/pages/2623.asp.
2. Class Participation
Class participation will be comprised of the following items: Assigned problems, attendance and contribution to the class
discussion.
In addition to the problems we will work in class, there will be problems assigned that the student will work on during
discussion of a topic. Once the related topic or chapter is concluded, the student will turn in the assigned problem by the
following class session.
Problems must be submitted in a neat, orderly, and well thought out manner. Problems MUST be done in EXCEL or some
other spreadsheet software. (See Communication below). Do not use WORD or other word processing software, unless
assignments call for a written report. I will review submitted problems, and I will look for a reasonable attempt to complete
the problem. Do not try to submit problems that were done 15 minutes before they are due. I will know, and I will penalize
you accordingly. There is no requirement to get the answer correct. The only requirement is to turn in the problems
according to the guidelines stated above. Problems not turned in timely will receive no credit. NO EXCUSES.
Students are expected to be fully prepared for all classes, and are encouraged to contribute to the class discussion.
Discussion among students usually facilitates the understanding of a topic. Moreover, some students may bring a different
view on the subject matter that had not been previously considered. Regular and active class participation enhances the
learning process.
Attendance will be taken regularly. There are very few reasons for missing class. These are enumerated in the student
handbook. Should you believe you have a valid reason, please contact me before class, not at 9:00PM the night of class.
You may use your cell phone’s text message service for this purpose. My number is at the beginning of this syllabus.
Please note that just coming to class does not guarantee you the full class participation grade.
Lateness is also unacceptable, as is leaving during class, coming back late from breaks, or leaving before class is over.
All of these will have a detrimental effect on your class participation grade.
As with most accounting courses, the student should not expect a positive outcome by simply coming to class each week.
You cannot learn this material in 2 ½ hours each week. Students should allocate time outside of class in order to master
this material. It is suggested the student devote at least 15-20 hours each week outside class to study this material.
3. Communication
The University e-mail system and Canvas will be used to communicate with students. You should check your UB email
frequently, but no less than daily. E-mail has developed into the single most used form of communication in business
today. As such it is to your advantage to develop the habit of looking at yours frequently.
ACCT 301 – Prof. McGannon
Spring 2014
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You must use your UB account to communicate with me, and I will use your account to communicate with you. I don’t
need to know any other account you may use, nor do I accept the fact you may never check your UB account.
You may use your devices to take notes, etc., but for no other purpose. There will be time during the class breaks to get
your updates. As such your devices should be on “Vibrate”. I expect you to respect the learning environment by not
sneaking a peek at your phones during class.
I maintain neither a Facebook nor Twitter account. Requests to me via these media will go unanswered.
E. Grading
The course grade will be determined by the following components:
Case studies
Tests & Quizzes
Class Participation
Final Examination
20%
40%
10%
30%
100%
There will be 5 case studies. Each case study will be worth 20 points. I will provide a rubric for the case evaluation. More
on case studies as we progress throughout the term.
Tests will be administered every 2-3 topics or chapters. Tentative test dates:
February 11
March 11
April 15
All tests will be given in class. Tests will comprise a combination of multiple choice, short problems and short essays. You
will be able to use your book and your notes. If you take notes on a laptop they must be printed out. You may not use your
laptops during any test. You will be given 1 ½ hours to complete the test. Class will continue after the test.
There will be a quiz each week. The quiz will only cover the discussion of the prior week and will last no more than 10
minutes. Questions may be multiple choice or short essays and will be theory-based. Each quiz will be worth 10 points. At
the end of the semester I will aggregate the quiz scores and count that as an additional test score. No materials may be
used during the quizzes.
The final examination is May 6, and may be cumulative. Therefore it is important to constantly review material already
covered. If you cram the night before the final you are only getting superficial knowledge of the material. As such this will
translate into a superficial grade.
Students will be evaluated based upon the categories set forth above. What a student needs, or requires is completely
irrelevant. If you need to keep a scholarship, be reimbursed by an employer, get hired by an employer, etc. you
must deal with that. It will not ever be a factor in computing your grade. If you keep track of your grades, prepare
appropriately for classes and tests, you should know where you stand. It is incumbent upon the student to ask questions,
to ask for clarification, or to contact me if he/she is struggling.
Final grades will be calculated based upon the following scale:
A
AB+
B
BC+
94+
90-93
87-89
84-86
80-83
77-79
4.00
3.67
3.33
3.00
2.67
2.33
ACCT 301 – Prof. McGannon
Spring 2014
C
CD+
D
DF
74-76
70-73
67-69
64-66
60-63
< 60
2.00
1.67
1.33
1.00
0.67
0.00
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Make-Up Policy: If you miss any of the in-class tests you must take a make-up. The make-up will be the week following
the regularly scheduled test. Please note that this is the only time you can make-up a test. In addition, there will be a
penalty assessed on the make-up. The penalty will be determined by the point value of the test.
There is no make-up for quizzes or the final examination.
ACCT 301 – Prof. McGannon
Spring 2014
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TENTATIVE COURSE SCHEDULE & ASSIGNMENTS
Date
1/21/2014
1/27/2014
2/4/2014
2/11/2014
2/18/2014
2/25/2014
3/4/2014
3/11/2014
3/18/2014
3/25/2014
4/1/2014
4/8/2014
4/15/2014
4/22/2014
4/29/2014
5/6/2014
Coverage
Course introduction
Property, Plant &
Equipment (Ch. 10)
Property, Plant &
Equipment (cont’d)
Depreciation (Ch. 11)
Depreciation (cont’d)
Intangibles (Ch. 12)
TEST #1
Current Liabilities (Ch.
9)
Current
Liabilities(cont’d)
Bonds Payable (Ch.
14)
Bonds Payable
(cont’d)
Contributed Capital
(Ch. 15)
Test #2
Retained
Earnings/Earnings per
Share (Ch. 16)
No class – Spring
Break
Retained
Earnings/Earnings per
Share (cont’d)
Accounting for Income
Taxes (Ch. 18)
Accounting for Income
Taxes (cont’d)
Test #3
Accounting for
Pensions
Accounting for
Pensions (cont’d)
Accounting for Leases
Exercises
E10-2, E10-6, E10-7,
E10-9, E10-10, E1011, E10-12
Problems
P10-4, P10-5
Due Date
Completion of Ch. 10
E11-2, E11-10
P11-2
Completion of Ch. 11
E12-1, E12-3, E12-4,
E12-9, E12-10, E12-18
E12-19
P12-10
Completion of Ch. 12
E9-2, E9-3, E9-4, E911, E9-13, E9-14, E917, E9-19
P9-18
Completion of Ch. 9
E14-1, E14-2, E14-3,
E14-9, E14-14, E14-19
P14-13
Completion of Ch. 14
E15-1, E15-2, E15-7,
E15-7, E15-10, E1516, E15-17
P15-9
Completion of Ch.15
E16-1, E16-6, E16-8,
E16-10, E16-13, E1617, E16-19, E16-24
P16-7, P16-25
Completion of Ch. 16
E18-1, E18-2, E18-3,
E18-5, E18-6, E18-9,
E18-10, E18-13, E1814, E18-21
P18-3
Completion of Ch. 18
E19-1, E19-2, E19-5,
E19-6, E19-8, E19-10,
E19-11
P19-10
Completion of Ch. 19
E20-1, E20-3, E20-6,
E20-7, E20-10, E20-11
P20-13
Completion of Ch. 20
Accounting for Leases
(cont’d)
Course Wrap-up
Final Examination
ACCT 301 – Prof. McGannon
Spring 2014
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