BUAD 262: Intermediate Accounting II

BUAD 362: Intermediate Accounting IIDr. Frazer

Office:McComsey 348Fall 2018

Class Hrs:T 6-9:00 in McComsey 202

Office Hrs:T – 10:45-11:45, 3-5:30

W – 4:5:30

R- 10:45-11:15

Phone:871-7209 Office phone

575-7008 (Home phone)

Email:

Webpage:

This schedule and procedures are subject to change in the event of extenuating circumstances.

Please note the prerequisites:

BUAD 361, Intermediate Accounting I and BUAD 341, Managerial Finance

Course Objective:

This course is the culmination of your preparation of Intermediate Accounting. Intermediate Accounting is the core of any professional preparation for the practice of accounting. The emphasis is on theory, ethical considerations, and practical issues that make accounting a rewarding profession. The amount of work is significant and is controlled by the real world demands on our profession. You are expected to keep up with the syllabus and to contact the instructor when you need help. This course alone does not make one an accountant, but you cannot be one without it. Think about that, and invest sufficient time to make this course useful to your career choice.

This course contains significant on-line content, so you need to have the discipline to read the chapter and ask questions when you do not understand.

Student Evaluation:

Three in-class exams (100 points each)300 pts

Final Examination 100 points100 pts

Extra Credit:

Chapter Tests – Wiley Plus50pts

Chapter Quizzes – Wiley Plus 50pts

Total400 points

Letter GradeMinimum Points

A...... 372

A-...... 360

B+...... 348

B...... 332

B-...... 320

C+...... 308

C...... 292

C-...... 280

D+...... 268

D...... 252

D-...... 240

This course uses Wiley Plus, a website managed by John Wiley and Sons, publishers. The website address is You will also need an access number that came with your book, you do not need to register again, but you do need to be sure you are in my section: 660406

1) You will need to read the text chapter. I suggest you use the Chapter Study Guide available in WileyPlus.

2) You will need to do a sufficient amount of homework to master the material.

3) You will then take two types of on-line assessment, the Chapter tests are based on the homework exercises. The Chapter quizzes are made up of multiple choice questions. The online material can be taken three times. The best grade will be used as the assignment grade. The quizzes can be taken one, two or even three times. The homework is a necessary part of the work, but there is no grade on it.

The quizzes often cause confusion. There are three for each chapter. If you do well on the first attempt you do not need to take the other two, but it doesn’t hurt your grade to take additional quizzes. I use the best score out of all three. So, if you take one quiz, that is the best score.

Academic Honesty and Integrity:

Millersville University places a high value on academic honesty. It is expected that all work performed for credit in this course will be your own. This course will be administered in strict compliance with the university policy.

Special Accommodations:

Any student wishing to request a special accommodation need only make such a request before the end of the second week of class. Please call the Associate VP for Student Support- 717-871-7943. My intention is to honor all legitimate requests. The deadline is necessary to allow sufficient time for a meaningful solution. Exceptional circumstances will also be considered at any time during the semester.

Textbook:

Kieso and Weygandt, Intermediate Accounting,16th edition- 2017.

Wiley Plus Access: 660406

Learning Objectives – This course is a topics course, each chapter includes stand-alone concepts and the material does not accumulate.

The students will be able to:

• General Objective: Explain the theory behind each chapter’s topic and to interpret these concepts into routine and non-routine journal entries and to illustrate financial statement presentations.
• Detailed objectives:
• Calculate bond prices using time value of money and to record the transactions related to the bonds, including effective interest- assessment: tests
• Calculate earnings per share for simple and complex capitalization
• Demonstrate percentage of completion accounting
• Demonstrate interperiod income tax accounting
• Calculate the annual pension expense and illustrate the balance sheet reporting
• Make routine journal entries regarding the capitalization of leases
• Demonstrate the reporting of accounting principles changes and correction of errors.
• Create a sophisticated cash flow statement.

Class Date

Chap