COLLEGE OF BUSINESS AND PUBLIC AFFAIRS
Course Data Sheet
Fall 2008
Course Number and Title: Accounting 302, Intermediate Accounting
Course Description: Continuation of Accounting 301 including an in-depth discussion of traditional financial accounting topics as well as the recent developments in accounting valuation and reporting practices promulgated by the leading professional organizations and applied by practitioners in public accounting and industry. To enroll in Accounting 302, Student must have a grade of “C” or above in Accounting 301.
Course Text and Required Materials:
Intermediate Accounting, 12thed, by D.E. Kieso, J.J. Weygandt, and T.D. Warfield. Wiley Publishing Co (2007), ISBN 0-471-74955-9.You need to bring this text to every class during the semester.
College Mission Statement:
The College of Business and Public Affairs, consistent with the overall mission of The University of Tennessee at Martin, develops graduates whose skills, abilities and ethical standards contribute to a diversified and dynamic society. With a primary focus on teaching, the College emphasizes quality undergraduate and graduate instruction and faculty commitment to student and regional development. Programs are delivered in an environment that encourages a broad understanding of the forces shaping global social, political and economic change. The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research, and service.
BSBA Learning Objectives related to the CBPA Mission:
Graduates of the BSBA program will have demonstrated the following BSBA learning goals in this course:
BSBA 2 demonstrate an understanding of the ethical aspects of business.
BSBA 3demonstrate competence in appropriate technology in business.
BSBA 4demonstrate effective verbal and written communication skills.
BSBA 6demonstrate competence in the Accounting major.
Course Specific Objectives
The study of Intermediate Accounting II includes the following.Students will demonstrate an understanding of:
1.the terminology and concepts of Generally Accepted Accounting Principles (GAAP),
2.the process of performing common accounting computations,
3.the proper presentation of financial information, and
4.the role of ethics in accounting.
Any student eligible for and requesting academic accommodations due to a disability is required to provide a letter of accommodation from Disability Services, Clement 203 (Extension 7605), within the first two weeks of the semester.
COLLEGE OF BUSINESS AND PUBLIC AFFAIRS
Class Data Sheet
Accounting 302
Instructor:Richard B. GriffinSemester:Fall2008
Office:Business Administration Building 106Phone: 731-881-7308
Office Hours: M , W 10:00 -- 11:00 amE-mail:
M , W 3:45 -- 5:15 pmWebpage:
T 10:00 -- 11:30 am
T 2:30 -- 5:00 pm
T 8:45 -- 9:45 pm
And others by AppointmentPublisher’s Web-Page:
Specific Class Requirements:
Class Attendance: You are expected to attend all class sessions (and to be punctual and prepared). If you miss a class, it is your responsibility to find out what was done in class and to know the assignment. Unexcused absences will result in the lowering of one's grade. More than 3 excused and/or unexcused absences is excessive.
Assignments: You are responsible for all material in chapters assigned in the texts (unless specifically instructed otherwise), as well as all assigned exercises and problems. You should turn in all homework to me at the start of each class periods in order for me to be able to keep track of it. Homework assignments are expected to be turned in as listed on the tentative schedule sheet.All homework except questions and conceptual cases must be submitted using Excel (or) other comparable spreadsheet programs. Each exercise, problem or case you turn in will be marked (S) satisfactory or (U) unsatisfactory and returned to you. Any unsatisfactory homework must be resubmitted within one week to receive satisfactory credit. Any assignments marked (I) incomplete are awarded no credit and are not to be turned back in later. If you should have to miss a class when homework is due, please submit it the next class or have a friend bring it to the class you miss. Late submission of homework without an excused absence will not be accepted for credit.
Test Policy: There will be three scheduled exams and the final exam. If for any reason a student cannot attend a regularly scheduled exam, it is the student's responsibility to contact the instructor prior to the time of the exam. Exams one through three may not be made up. Instead, if you miss one of these exams with an excused absence, your grade on the final exam will be substituted for the missed exam. If you miss two exams, you will receive zero on the second exam. To make things fair for those who take all exams at scheduled times, your final exam performance will be compared with your one through three exam scores. If the final exam score is higher, that score will be substituted for one (only) score on the one through three exams when your course grade is computed.
Grades: Final grades will be determined as follows:
First Exam20%
Second Exam20%
Third Exam20%
Final Exam20%
Quizzes10%
Homework10%
100%
The grading scale will approximate: A = 90-100% B = 80-89% C = 70-79% D = 60-69%
Calculators are permitted but may not be shared during exams. Be sure to bring a pencil and good eraser to exams.
Academic Integrity: Students are expected to conduct themselves at a high level of academic integrity. Any student found cheating will be assigned a final grade of F for the course and will be reported to the Vice Chancellor for Student Affairs and the dean of his/her college for further disciplinary action.
Classroom Courtesy: Students are expected to conduct themselves in a professional manner in class. Nonprofessional behavior or language will result in the student being dropped from the course.
Cell Phones: All cell phones should be turned off during class. No cell phones will be allowed as calculators during tests or exams.
Tentative 2008 Accounting 302 FallClass Schedule
DATE / Topics Covered / Class Problems / Homework Due on This Date / Homework’s Relationship to the BSBA’s Learning GoalsAug 25 M / Introduction to Course and Course Requirements / P13-4;P13-7
27 W / Current Liabilities and Contingencies
Loss Contingencies / P13-1;Ex13-22
P13-5 / P13-1
P13-5 / BSBA 3
BSBA 4, 6
Sept 1 M / Labor Day Holiday – No Class
3 W / Presentation and Analysis / P13-11; PV of Bond / P13-3 / BSBA 4, 6
8 M / Bonds Payable and The Issuance of Bonds
Effective Interest Method, Costs of Issuing Bonds, Treasury Bonds & Extinguishment of Debt / P14-1
P14-2 / P14-1 / BSBA 4, 6
BSBA 4, 6
10 W / Long Term Notes Payable
Accounting for Troubled Debt Restructuring / P14-6;P14-9
P14-13 / P14-5;P14-9
CA14-6 / BSBA 4, 6
BSBA 2, 3, 4, 6,
15 M / The Corporate Form of organization
Corporate Capital, Preferred Stock and Presentation of Capital / P15-1
P15-2; P15-4 / P14-12; P15-1 / BSBA 4, 6
BSBA 4, 6
17 W / Dividends and Stock Splits
Presentation and analysis / P15-7; P15-8; P15-9 / P15-2; P15-5;
P15-6 / BSBA 4, 6
22 M / Diluted Securities, Compensation Plans & Accounting for Convertible Debt / P16-1, / Ex15-14; 15;16; P16-1 / BSBA 4, 6
24 W / Computing Earnings Per Share and A Simple Capital Structure
Computing Earnings Per Share and A Complex Capital Structure / P16-4
/ Ex16-7; 11
CA16-2 / BSBA 4, 6, 2
BSBA 4, 6
29 M / Test 1- (Chapters 13-15)
Oct 1 W / Investments in Debt Securities / Ex16-4 / Ex16-4; 16-1; 15 / BSBA 4, 6
6 M / Investments in Equity Securities / P17-1 / BSBA 4, 6
8 W / Accounting for Derivative Investments / P17-1, / BSBA 4, 6
13 M / Fall Break – No Class
15 W / Accounting for Derivative Investments / P17-13; P17-14 / BSBA 4, 6
20 M / Accounting for Derivative Investments / P17-17 / E17-20;E17-21 / BSBA 4, 6
22 W / Revenue Recognition After Delivery / P18-3, P18-8 / E17-22 / BSBA 4, 6
27 M / Financial Statement Presentation
Appendix 19a-Interperiod Tax Allocation / P 19-1;P19-3 / E18-4,E18-11 / BSBA 4, 6
29 W / Test 2 – Chapters 16-18
Nov 3 M / Accounting for Loss Carryforwards and Carrybacks / Ex19-24, Ex19-25 / Ex 19-6, E19-7 / BSBA 4, 6
5 W / Review of pension plan accounting and Accounting for Leases / Ex19-1, 2, 3 / BSBA 4, 6
10 M / Accounting Changes / P22-1, P22-2 / Ex19-23 / BSBA 4, 6
12 W / Accounting principles and estimates Accounting Errors / P22-3 / P22-6, 7 / BSBA 4, 6
17 M / Cash Flow Statement classifications / P23-1 / BSBA 4, 6
19 W / Test 3—Chapters 19-21
24 M / Cash Flow Statement classifications / P23-1 / Ex23 -1 / BSBA2, 4
26 W / Thanksgiving Holidays – No Class
Dec 1 M / Format of the statement of cash flows; indirect vs indirect method / P23-4 / Ex23-21 / BSBA 4, 6
3 W / Investing and financing activities / Ex23-6 / BSBA 4, 6
Dec 8 M / Final Exam (Chapters 22 & 23 plus 3 chapters selected by the instructor)