Course OutlineTop of Form
Course Instructor: Dr. Sung S. Kwon (Course Director)
Professor of Accounting
Coordinator – Advanced Financial Accounting Area
Room 044C, Atkinson Building
(416) 736-2100, extension 66460
Office Hours: Thursday 4:00 – 4:30 p.m. and 6:20 – 6:50 p.m.
E-mail Address:
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, 9th Canadian ed., 2010 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 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 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 & Appendices
13, 14, 18, 18A / Time: 4-6 pm on
Sunday, February 10
Location: TBA / 25%
Midterm Examination II / Chapters & Appendices
15, 15A, 15B, 16, 16C, 17 / Time: 4-6 pm on
Sunday, March 10 Location: TBA / 25%
Final Examination / Chapters & Appendices
13-22, 15A, 15B, 16C, 18A, 19A, Update to Ch. 19, 21A / In the final exam period, 3hrs / 50%
/ / / 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
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 ( ) 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.
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 M: http://edugen.wileyplus.com/edugen/class/cls303936/
ADMS 3595 Section N: http://edugen.wileyplus.com/edugen/class/cls303936/
ADMS 3595 Section O: http://edugen.wileyplus.com/edugen/class/cls303936/
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 () under all circumstances
· Use the course e-mail address () 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 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
The deferred examinations for the Winter 2013 term shall be held in the period May 24 - 26, 2013.
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 onlecture 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 todevelop.Furthermore, I have an obligation to maintaina quiet learning environment forall of my students as a course director andan educator.Any violation of this rule will result in one percent reduction of your final grade.
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 10
Non-Financial and Current Liabilities
13
Exercises: 1, 2, 13, 14, 16, 18
Problems: 1, 5, 12, 13, 14
Sample Questions – Chapter 13
2 Week of January 17
Long-term Financial Liabilities
14
Exercises: 2, 5, 12, 13, 19, 21, 23, 24, 25, 26
Problems: 3, 10
Sample Questions – Chapter 14
3 Week of January 24
Income Taxes
18 and 18A
Exercises: 1, 6, 10, 12, 13, 14, 21, 22, 24, 25
Problems: 3
Cases: WA1, WA 3
Sample Questions – Chapter 18
4 Week of January 31
Shareholders' Equity
15, 15A, and 15B
Exercises: 2, 9, 12, 17, 19
Problems: 1, 3, 4, 8, 10
Sample Questions – Chapter 15
5 Week of February 7
Complex Financial Instruments
16 and 16C
Common Midterm I - Time: 4-6 pm on Sunday, February 10
Location: TBA
Midterm 1 (Chapters 13, 14, 18, and 18A)
6 Week of February 14
Complex Financial Instruments
16 and 16C (continued)
Exercises: 1, 3, 4, 5, 8, 13, 16, 17
Problems: 1, 2, 3, 4, 10
Sample Questions – Chapter 16
7 Week of February 28
Earnings per Share
17
Exercises: 1, 3, 8, 10, 16, 17, 18
Problem: 5
Sample Questions – Chapter 17
Pensions and Other Employee Future Benefits
19 and 19A
8 Week of March 7
Pensions and Other Employee Future Benefits
19 and 19A (continued)
Exercises: 1, 4, 5, 7, 8 (a), 9, 10 (a) & (c), 17 (a), 21, 22
Problems: 7
The Update to Chapter 19 (Revisions to IAS 19)
Exercise: UE6, UE11, UE13, UE14
Problem: UP3
Sample Questions – Chapter 19
Common Midterm II - Time: 4-6 pm on Sunday, March 10
Location: TBA
Midterm (Chapters 15, 15A, 15B, 16, 16C, and 17)
9 Week of March 14
Accounting Changes and Error Analysis
21 and 21A
Exercises: 1, 2, 4, 11, 17
Problem: 1, 3
Case: WA 4
Sample Questions – Chapter 21
10 Week of March 21
Leases
20