Course Instructor:
Dr. Sung S. Kwon (Course Director)
Professor of Accounting
Room 044C, Atkinson Building
(416) 736-2100, extension 66460
Office Hours:
Wednesday 2:30 – 3:30 p.m. and
Thursday 6:30 – 6:50 p.m.
Class Hours:
Thursday 7:00 – 10:00 p.m.
Classroom:
TEL 0010
E-mail Address:
adms3595@yorku.ca
COURSE CALENDAR DESCRIPTION
This course, in conjunction with AK/ADMS 3585 3.0, develops thorough knowledge and
understanding of generally accepted accounting principles and financial statement analytical
skills by examining various technical areas of financial accounting.
More specifically, this course is the second intermediate financial accounting course
designed for the undergraduate accounting major and will emphasize the financial
accounting theory, rules, and procedures related to liabilities and stockholders' equity. In
addition, specialized reporting and disclosure issues related to investments, dilutive
securities, derivative securities, earnings per share, employee benefits, leases, income taxes,
cash flows, accounting changes & correction of errors, and disclosure issues will also be
focused.
The course will provide historical and theoretical perspectives to enable the student to
critically evaluate current accounting and reporting techniques from the user's standpoint.
The assignments of readings, exercises, problems, and cases should provide an appreciation
for the development of current accounting and financial reporting concepts and techniques
COURSE PREREQUISITES
The prerequisite is AK/ADMS 3585 3.0. Those students with outstanding deferred exams in
the prerequisite course may not enrol in this course.
Students are personally responsible for ensuring that they have the necessary prerequisite.
The School of Administrative Studies reserves the right to de-enrol any student when it is
determined that a student has requested a course without having the necessary listed
prerequisites. The School will not be responsible for refunds resulting from students being
dropped from a course due to a lack of a prerequisite.
REQUIRED TEXT
Intermediate Accounting, 10th Canadian ed., 2013 Kieso et al, John Wiley & Sons
Canada, Ltd, (Volume 2)
This textbook comes in two volumes with one CD-Rom bundled with Volume 1 (for both
volumes); bookstores are selling them sometimes separately, sometimes as a shrink-wrapped
double set. You only need Volume 2 for ADMS 3595. It is recommended to keep your
Volume 1 and CD-Rom as a reference source.
RECOMMENDED TEXT
Accounting recommendations, CICA Handbook, Canadian Institute of Chartered
Accountants (most recent)
Access the CICA handbook online from the Libraries home page www.library.yorku.ca (or,
after signing into the course website click on the 'York Libraries' link). Type CICA in the
Title Quick Search box. Choose 'CICA Standards and Guidance Collection' and then choose
'Accounting'. If accessing from off-campus authentication with library barcode and PIN is
required.
Student Study Guide to above text
COMPUTING REQUIREMENTS:
Students will require access to a computer Pentium machine or better with Windows NT 4.0
Workstation or Windows 2002 /XP Operating System and Internet Explorer 6.0/8.0 or
Netscape 4.51/4.7x internet browser. MACs are not supported in Quickplace.
If you do not have the above minimum computing requirements, there are on-campus
computing facilities available at the Computing Commons in Parking Structure ll. The
Computing Commons is open 24 hours a day - 7 days a week. There are no speakers at these
open labs; students have to bring their own earphones.
For more information about on-campus computing visit York University's Computing and
Network Services Web site: http://www.cns.yorku.ca. If you have any technical non-course
related computing questions you may contact York University's Client Support Services by
phone (416) 736-5800, by E-mail helpdesk@yorku.ca or you may obtain assistance in
person at Room 101, Computing Commons, Parking Structure ll.
Internet cafes, public libraries and other facilities (for example kiosk stations) are open to the
public and provide alternatives for access.
WORKLOAD
Students are forewarned that by necessity ADMS 3595 is one of the more rigorous courses
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at York University. If you have a full time job in addition to your academic pursuits, you are
strongly advised not to take another course concurrently with this one.
GRADING SCHEME
Midterm Examination I Chapters &
Time: 7-9 pm on
Appendices
Sunday, February 9
13, 14, 18, 18A Location: TBA
25%
Midterm Examination
II
Chapters &
Appendices
15, 15A, 15B,
16, 16C, 17
25%
Final Examination
Chapters &
In the final exam period, 50%
Appendices
3hrs
13-22, 15A,
15B, 16C, 18A,
19A, 19B, 20B,
21A
Time: 7-9 pm on
Sunday, March 9
Location: TBA
100%
EXAMINATIONS
The course has two non-cumulative midterm examinations and a cumulative final
examination. Examinations may contain a mix of multiple-choice questions, writing
assignment questions, and problems that require written answers and calculation.
Examinations may include questions related to any articles and/or financial statement
extracts reprinted from the financial press or corporate websites that is posted on the course
website.
The final examination is comprehensive and covers the entire course. The final examination
is scheduled during York's final examination period. Once set by the Registrar, the date,
time and location of the final examination will be announced on the York University website
at www.yorku.ca (click 'current students').
There are no make-up exams or alternate sittings of the midterms. If you are unable to
attend because of illness, a doctor's note is required. With a documented excused absence,
you may transfer the weight of the midterm to the final examination. One caution – if you
are ill and it is affecting your performance, do not write an exam; instead, go to a medical
clinic and request a doctor's note. Under no circumstances is the result of an examination
changed once it is written.
UNGRADED ASSIGNMENTS
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Practice solving problems is one of the best ways to prepare for computational accounting
questions. Selected textbook exercises and problems will be assigned but not graded. These
exercises and problems should be considered as a minimum. The more problems you do, the
more comfortable you will be with computational questions on the examinations. Solutions
to selected exercises and problems will be available from the course website. Solutions to
other textbook exercises and problems may be viewed during counselling hours which will
be announced on the course website or in class.
ACADEMIC HONESTY
The published regulations by York University regarding cheating and other forms of
academic dishonesty are posted on the University website (see academic policies on the
'current students' page of www.yorku.ca). It is assumed that you have read and are familiar
with these regulations.
COURSE WEBSITE
The course website provides access to:
Course syllabus, announcements, lecture notes and illustrations, textbook homework
solutions, other learning materials, and recommended references.
You are required to check the course website regularly during the course for class materials
and activities.
The website is password protected. Login using your Passport York information
HELP ON ACCOUNTING AND COURSE RELATED MATTERS
Between classes, help is available from the course counsellor during drop-in counselling
hour(s) or via e-mail. The drop-in counselling hour(s) and location will be announced on the
course website or in class. Send course related queries to the e-mail address
(adms3595@yorku.ca ) listed at the top of this course outline. Given the incidence of virus
and worm transmission through email attachments, messages attachments may be returned
unopened and you may be requested to resend your message without an attachment. You can
normally expect to receive replies to e-mail messages within 36 hours (except during
weekends and holidays).
Note that my office hours are mainly used to discuss your questions and concerns related to
course administration and your learning progress. Questions related to assigned problems
must first be counselled by course tutors. Only those Questions unresolved by course
counsellors are normally covered during my office hours.
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INFORMATION ON PROFESSIONAL CERTIFICATION
ADMS 3595 counts towards the certification requirements of the Canadian Institute of
Chartered Accountants, the Certified General Accountants Association of Canada, and the
Canadian Institute of Certified Management Accountants.
WILEYPLUS (optional)
WileyPLUS is an innovative, research-based, on line environment for effective learning.
You will need to purchase a registration code to access WileyPLUS, but it is your choice
how to buy it:
Option 1 – Use WileyPLUS in place of the hard copy textbook. Go to www.wileyplus.com
to purchase immediately.
Option 2 – Buy a new textbook in the bookstore packages with a WileyPLUS registration
code
Once you have your WileyPLUS Registration code, you will need to register for
WileyPLUS. You can go to the appropriate class section URL listed below or link directly to
your course by looking up your school and section under the Get Started link at
www.wileyplus.com.
Here are the steps:
1. Copy and paste the specific class section URL listed below
Class Section URLs:
ADMS 3595 Section A:
ADMS 3595 Section B:
2. Click on the REGISTER button to start.
3. Need more info? Visit www.wileyplus.com/register.
WILEYPLUS help:
LOGIN:
www.wileyplus.com
LIVE CHAT (Technical Support) www.wileyplus.com/support
Additional Resources:
www.wileyplus.com/studentfdoc
E-MAIL PROTOCOL
As no one has the time to search databases to determine the name and section of e-mail
writers, and as different sections of this course have different course directors, it is essential
that the following e-mail protocol be observed:
· E-mail from your York Computing E-mail Account (username@yorku.ca) under all
circumstances
· Use the course e-mail address (adms3595@yorku.ca) at the top of the course outline only
· On the subject line, provide your section number (e.g., Sect. M or N) and a brief
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description of the purpose of your e-mail
· To RECEIVE a response to your e-mail, sign your e-mail as follows:
1. full name
2. student number
· Consolidate your accounting queries into a single e-mail.
· Provide your attempted solution to exercises and problems when seeking help. Queries
such as "What is Exercise XX's solution?" will be returned to you, asking you to provide
your own attempted solution.
When replying with history, keep history SHORT!
DEFERRED EXAM
Deferred standing may be granted to students who are unable to write their final examination
at the scheduled time or to submit their outstanding course work on the last day of classes. In
order to apply for deferred standing, students must register at
http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. Followed by
handing in a completed DSA form and supporting documentation directly to the main office
of the School of Administrative Studies (282 Atkinson) and add your ticket number to the
DSA form. The DSA and supporting documentation must be submitted no later than five (5)
business days from the date of the exam. These requests will be considered on their merit
and decisions will be made available by logging into the following
link http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. No individualized
communication will be sent by the School to the students (no letter or e-mails).
Students with approved DSA will be able to write their deferred examination during the
School's deferred examination period. No further extensions of deferred exams shall be
granted. The format and covered content of the deferred examination may be different from
that of the originally scheduled examination. The deferred exam may be closed book,
cumulative and comprehensive and may include all subjects/topics of the textbook whether
they have been covered in class or not. Any request for deferred standing on medical
grounds must include an Attending Physician's Statement form; a “Doctor’s Note” will not
be accepted.
DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf
Attending Physician's Statement form:
http://www.yorku.ca/laps/council/students/documents/APS.pdf
POLICY ON LEAVING THE CLASSROOM EARLY
You can leave the classroom early only during the break period. Since people who leave the
classroom early disturb other students in concentrating on lecture presentations, it would be
unfair to the students who want to avoid distractions as much as possible in their efforts to
learn if I let this situation continue to develop. Furthermore, I have an obligation to
maintain a quiet learning environment for all of my students as a course director and an
educator. Any violation of this rule will result in one percent reduction of your final grade.
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Sometimes, you may have to leave the classroom early due to emergencies or physical
reasons. As long as you can provide me with an appropriate document explaining the
circumstances later, you can get the lost point back.
Any person who has to leave early must sign a sign-up sheet.
COURSE SCHEDULE AND TOPICAL COVERAGE
(SUBJECT TO CHANGE)
Week # and Date
Chapter
Questions Assigned for Class
1 Week of January 9
Non-Financial and Current Liabilities
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Exercises: 1, 2, 14, 15, 18, 20
Problems: 1, 7, 8, 9, 17
Sample Questions – Chapter 13
2 Week of January 16
Long-term Financial Liabilities
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Exercises: 4, 7, 12, 13, 20, 22, 23, 24, 25, 26, 27
Problems: 2, 4
Sample Questions – Chapter 14
3 Week of January 23
Income Taxes
18 and 18A
Exercises: 4, 5, 6, 7, 10, 14, 15, 22, 23, 25, 26
Problems: 3
Cases: WA1, WA 3
Sample Questions – Chapter 18
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4 Week of January 30
Shareholders' Equity
15, 15A, and 15B
Exercises: 2, 6, 10, 17, 18, 19
Problems: 2, 5, 6, 8, 10
Sample Questions – Chapter 15
5 Week of February 6
Complex Financial Instruments
16 and 16C
Common Midterm I - Time: 7-9 pm on Sunday, February 9
Location: TBA
Midterm 1 (Chapters 13, 14, 18, and 18A)
6 Week of February 13
Complex Financial Instruments
16 and 16C (continued)
Exercises: 1, 3, 4, 5, 6, 8, 16, 17
Problems: 1, 2, 3, 4, 10
Sample Questions – Chapter 16
7 Week of February 27
Earnings per Share
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Exercises: 2, 5, 6, 10, 16, 17, 18
Problem: 2, 8
8
Sample Questions – Chapter 17
Pensions and Other Employee Future Benefits
19, 19A, and 19B
8 Week of March 6
Pensions and Other Employee Future Benefits
19, 19A, and 19B (continued)
Exercises: 1, 3, 4, 7, 8, 9, 16, 19, 20, 21, 23
Problems: 3, 7
Sample Questions – Chapter 19
Common Midterm II - Time: 7-9 pm on Sunday, March 9
Location: TBA
Midterm (Chapters 15, 15A, 15B, 16, 16C, and 17)
9 Week of March 13
Accounting Changes and Error Analysis
21 and 21A
Exercises: 2, 4, 10, 12, 13, 17
Problem: 2, 6
Case: WA 4
Sample Questions – Chapter 21
10 Week of March 20
Leases
20 and 20B
Exercises: 1, 2, 3, 4, 6, 13, 16, 20
Problems: 6, 15
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Sample Questions – Chapter 20
11 Week of March 27
Statement of Cash Flows
22
Exercises: 2, 11, 12, 13, 17
Problems: 3, 5, 13
Cases: WA3
Sample Questions – Chapter 22
A Hand-Out Case
12 Week of April 3
Other Measurement and Disclosure Issues
23
Brief exercises: 12, 13
Exercises: 5, 6
Problem: 1
Final examination during York University's common exam period
Comprehensive (cumulative)
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RELEVANT UNIVERSITY REGULATIONS
Deferred Exams: Deferred standing may be granted to students who are unable to write their final
examination at the scheduled time or to submit their outstanding course work on the last day of classes.
In order to apply for deferred standing, students must register at
http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. Followed by
handing in a completed DSA form and supporting documentation directly to the main office of the
School of Administrative Studies (282 Atkinson) and add your ticket number to the DSA form. The
DSA and supporting documentation must be submitted no later than five (5) business days from the
date of the exam. These requests will be considered on their merit and decisions will be made available
by logging into the following link http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. No
individualized communication will be sent by the School to the students (no letter or e-mails).
Students with approved DSA will be able to write their deferred examination during the School's
deferred examination period. No further extensions of deferred exams shall be granted. The format and
covered content of the deferred examination may be different from that of the originally scheduled
examination. The deferred exam may be closed book, cumulative and comprehensive and may include
all subjects/topics of the textbook whether they have been covered in class or not. Any request for
deferred standing on medical grounds must include an Attending Physician's Statement form; a
“Doctor’s Note” will not be accepted.
DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf
Attending Physician's Statement form: http://www.yorku.ca/laps/council/students/documents/APS.pdf
The deferred examinations for the Fall 2013 term shall be held in the period, January 24 26, 2014.
Petition forms are normally downloaded and printed by accessing the following website:
http://www.registrar.yorku.ca/services/petitions/forms.htm
Included with the form is a Course Performance Summary. Please enter your enrolment details on the
CPS and take it Room 282 Atkinson for completion. The School will complete the CPS within 5
business days for collection by you. Completed forms, including the CPS (and Attending Physicians
Statement, if the petition is based on a medical matter), must be delivered to the Faculty Council
Office.
Academic Honesty: The new Faculty of Liberal Arts and Professional Studies considers breaches of
the Senate Policy on Academic Honesty to be serious matters. To quote the Senate Policy on Academic
Honesty. The Policy on Academic Honesty is an affirmation and clarification for members of the
University of the general obligation to maintain the highest standards of academic honesty. As a clear
sense of academic honesty and responsibility is fundamental to good scholarship, the policy recognizes
the general responsibility of all faculty members to foster acceptable standards of academic conduct
and of the student to be mindful of and abide by such standards. Suspected breaches of academic
honesty will be investigated and charges shall be laid if reasonable and probable grounds exist.
Students should review the York Academic Honesty policy for themselves at:
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http://www.yorku.ca/secretariat/legislation/senate/acadhone.htm
Students might also wish to review the interactive on-line Tutorial for students on academic integrity,
at: http://www.yorku.ca/tutorial/academic_integrity/
Grading Scheme and Feedback Policy: The grading scheme (i.e. kinds and weights of assignments,
essays, exams, etc.) shall be announced, and be available in writing, within the first two weeks of class,
and, under normal circumstances, graded feedback worth at least 15% of the final grade for Fall, Winter
or Summer Term, and 30% for ‘full year’ courses offered in the Fall/Winter Term be received by
students in all courses prior to the final withdrawal date from a course without receiving a grade, with
the following exceptions:
Note: Under unusual and/or unforeseeable circumstances which disrupt the academic norm,
instructors are expected to provide grading schemes and academic feedback in the spirit of these
regulations, as soon as possible. For more information on the Grading Scheme and Feedback Policy,
please visit:
http://www.yorku.ca/secretariat/legislation/senate/gradfeed.htm
In-Class Tests and Exams - the 20% Rule: For all Undergraduate courses, except those which
regularly meet on Friday evening or on a weekend, tests or exams worth more than 20% will not be
held in the two weeks prior to the beginning of the official examination period. For further information
on the 20% Rule, please visit:
http://calendars.registrar.yorku.ca/examschedules/examinfo/twentypercent.htm.
For further information on examination scheduling, and Atkinson examination exceptions to this rule,
please refer to the "Notes" in the table:
http://www.yorku.ca/roweb/importantdates/
Reappraisals: Students may, with sufficient academic grounds, request that a final grade in a course be
reappraised (which may mean the review of specific pieces of tangible work). Non-academic grounds
are not relevant for grade reappraisals; in such cases, students are advised to petition to their home
Faculty. Students are normally expected to first contact the course director to discuss the grade received
and to request that their tangible work be reviewed. Tangible work may include written, graphic,
digitized, modeled, video recording or audio recording formats, but not oral work. Students need to be
aware that a request for a grade reappraisal may result in the original grade being raised, lowered or
confirmed. For reappraisal procedures and information, please visit the Office of the Registrar site at:
http://www.registrar.yorku.ca/services/policies/grade.htm
Accommodation Procedures: students who have experienced a misfortune or who are too ill to attend
the final examination in a course should not attempt to do so; they must pursue deferred standing. Other
students should contact their home Faculty for information. For further information, please visit:
http://www.registrar.yorku.ca/services/ds_faq.htm
Religious Accommodation: York University is committed to respecting the religious beliefs and
practices of all members of the community, and making accommodations for observances of special
significance to adherents. For more information on religious accommodation, please visit:
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https://w2prod.sis.yorku.ca/Apps/WebObjects/cdm.woa/wa/regobs
Academic Accommodation for Students with Disabilities (Senate Policy)
The nature and extent of accommodations shall be consistent with and supportive of the integrity of the
curriculum and of the academic standards of programs or courses. Provided that students have given
sufficient notice about their accommodation needs, instructors shall take reasonable steps to
accommodate these needs in a manner consistent with the guidelines established hereunder. For more
information please visit the Disabilities Services website at http://www.yorku.ca/dshub/
York’s disabilities offices and the Registrar’s Office work in partnership to support alternate exam and
test accommodation services for students with disabilities at the Keele campus. For more information
on alternate exams and tests please visit http://www.yorku.ca/altexams/
Please alert the Course Director as soon as possible should you require special accommodations.
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