INTERMEDIATE ACCOUNTING I ACCT 3311 Fall 2009 by rak58497

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									                             INTERMEDIATE ACCOUNTING I
                                     ACCT 3311
                                      Fall 2009


Professor: Alan Blankley                                    Office Hours:    T 11:00 – 12:30
Office: 202A Friday                                                          Th 11:00 – 12:30
Phone: 704.687.7707                                                          or by appt
ablankley@uncc.edu



Required Materials

Kieso, Weygandt, and Warfield, Intermediate Accounting, 13th edition



Objectives

This course is the first of several designed to introduce, in detail, financial accounting topics and
procedures. Several of these topics were introduced in Principles of Accounting (Accounting
2211); others will be completely new. As many of these skills will be building blocks for other
topics in the course, or in the next course, it is critical that you master each topic before moving
on. Specifically, the objectives for the course are as follows:

        (1) To introduce students to the basic concepts, theory, and practice of financial
        accounting;

        (2) To prepare students for a career in business or accounting by exposing them to the
        specific methods in accounting for income and assets;

        (3) To gain an appreciation for the relevance and importance of accounting information to
        business in particular and the economy in general.



Homework

In order to succeed in this course (and in all endeavors) you must do a great deal of underlying
work. By this I mean that you must practice what you learn in class and what you read in the text
by working the problems and exercises at the back of each chapter. Please do not limit yourself
to what I suggest in class; those exercises and problems represent the bare minimum you will
need to give you exposure to different concepts. You must do more than this to understand the
material well enough to develop the problem-solving approach you will need to do well on exams.
It is absolutely essential that you work as many problems as possible. This is a challenging
course that covers material of increasing complexity as we get further into the text.

Exams

All exams are closed book. The exams are designed to be challenging and will test your
understanding of concepts, methods, and applications used in financial accounting. You will be
expected to be able to work both short and long problems to arrive at the correct solutions, as
well as questions dealing with the underlying concepts or theory.

Notes or other aids are not permitted. No make-up exams will be given. If you miss an exam with
a university-approved absence, the final exam score will be substituted for the regular exam
score, but only if you notify me prior to the exam you missed and provide the appropriate
documentation. All work should be neat and legible; otherwise it will not be graded. There will be
two exams during the term and a comprehensive final exam. The breakdown of total points
available is as follows:



                 Exam 1                           100 points

                 Exam 2                           100 points

                 Exam 3                           100 points

                 Final Exam                       150 points

                 Participation/Homework           10 points

                                                  460 total points available

The grading scale will be as follows (I have listed the minimum percentage of points needed to
achieve each grade level):

        A                 90% or more of total points available

        B                 80%

        C                 70%

        D                 65%

        F                 Below 65%

Electronics in class:

Using your notebook computer in class to take notes is fine, but you should not be using it to
email, check out the latest scores, or surf the web. If you find that you would rather do that than
pay attention to the class, then it is better for you and everyone else just not to attend. Please
turn off your cell phones before class. Placing or answering phone calls or texting is not allowed.
This is disruptive and is a matter of common courtesy. If there is an emergency and you may
need to receive a call, please place your phone on vibrate mode so that it does not disturb
anyone else. Using any electronic means of communication during and exam is, of course, not
permissible. Texting during an exam will automatically result in a zero on that exam.

Leaving Class:

Please do not get up and leave class before it’s over. This is not professional behavior and is
discourteous to me and other students. If you must leave class for any reason, please let me
know before hand that you will need to leave. You may leave class during an exam after you
finish, of course, but you may not leave during the exam, and then come back to finish it. Once
you leave, that’s it: you’re done with the exam.

Cheating

Cheating is wrong and will not be tolerated. If you cheat and I become aware of it, I will follow
UNCC’s policy, which at a minimum will mean failure in the course. I may also refer your case to
the Academic Integrity Board, which could result in expulsion from UNCC, depending on the
outcome of the committee’s investigation. Apart from the moral aspect of cheating, there are
several practical reasons not to cheat:
    1. You will know that your work is your own.
    2. You do not have to live with the knowledge that you behaved dishonestly while under
       pressure.

    3. No grade is worth sacrificing your character.

    4. Accountants must agree to a code of ethics before they can be licensed. Practicing
       ethical behavior becomes easier the more it’s practiced. A person does not suddenly
       become ethical when he or she enters a profession after a lifetime of unethical behavior.

    5. UNCC has a code of Academic Integrity (http://www.legal.uncc.edu/policies/ps-105.html)
       a summary of which is reproduced below. The best way to avoid the unpleasantness
       associated with violating it is not to violate it.




    Academic Integrity: All UNC Charlotte students have the responsibility to be familiar with and
    to observe the requirements of The UNC Charlotte Code of Student Academic Integrity (see
    the Catalog). This Code forbids cheating, fabrication or falsification of information, multiple
    submission of academic work, plagiarism, abuse of academic materials (such as Library
    books on reserve), and complicity in academic dishonesty (helping others to violate the
    Code). Any further specific requirements or permission regarding academic integrity in this
    course will be stated by the instructor, and are also binding on the students in this course.
    Students who violate the Code can be punished to the extent of being permanently expelled
    from UNC Charlotte and having this fact recorded on their official transcripts. The normal
    penalty is zero credit on the work involving dishonesty and further substantial reduction of the
    course grade. In almost all cases, the course grade is reduced to "F." If you do not have a
    copy of the Code, you can obtain one from the Dean of Students Office or access it online at
    www.legal.uncc.edu/policies/ps-105.html . Standards of academic integrity will be enforced
    in this course. Students are expected to report cases of academic dishonesty they become
    aware of to the course instructor who is responsible for dealing with them.


The Belk College of Business strives to create an inclusive academic climate in which the dignity
of all individuals is respected and maintained. Therefore, we celebrate diversity that includes, but
is not limited to ability/disability, age, culture, ethnicity, gender, language, race, religion, sexual
orientation, and socio-economic status.
Tentative
Course
Schedule



    Date
      Day
    Chapter
    Topic

    8/25
      T
      
           Course
Introduction

    8/27
      Th
     1
          Financial
Accounting
&
Standards

    9/1
       T
      2
          Conceptual
Framework

    9/3
       TH
     3
          The
Accounting

Info
System

    9/8
       T
      3
          The
Accounting

Info
System

    9/10
      Th
     3
          The
Accounting

Info
System

    9/15
      T
      Exam
       Exam
1
Chapters
1­3

    9/17
      Th
     4
          Income
Statement

    9/22
      T
      4
          Income
Statement

    9/24
      Th
     5
          Balance
Sheet
&
SCF

    9/29
      T
      5
          Balance
Sheet
&
SCF

    10/1
      Th
     6
          Time
Value
of
Money

    10/6
      T
      6
          Time
Value
of
Money

    10/8
      Th
     Exam
       Exam
2
Chapters
4
–
6

    10/13
     T
      
           No
Class
‐
Student
Recess

    10/15
     Th
     7
          Cash
and
Receivables

    10/20
     T
      7
          Cash
and
Receivables

    10/22
     Th
     7
          Cash
and
Receivables

    10/27
     T
      8
          Inventory

    10/29
     Th
     8
          Inventory

    11/2
      M
      
           Last
day
to
Withdraw
with
a
“W”

    11/3
      T
      9
          Inventory:
Additional
issues

    11/5
      Th
     9
          Inventory:
Additional
issues

    11/10
     T
      Exam
       Exam
3
Chapters
7­9

    11/12
     Th
     10
         Property,
Plant
and
Equipment

    11/17
     T
      10
         Property,
Plant
and
Equipment

    11/19
     Th
     11
         Depreciation,
Impairment
&
Depletion

    11/24
     T
      11
         Depreciation,
Impairment
&
Depletion

    11/26
     Th
     No
Class
   Thanksgiving

    12/1
      T
      12
         Intangible
Assets

    12/3
      Th
     12
         Intangible
Assets

    12/8
      T
      
           Review

    12/10
     Th
     No
Class
   Reading
Day

    12/15
     T
      Final
      Chs.
1­12,
ACCT
3311­002(2:00p
section):


                       Exam
       2:00
–
4:30

    12/17
     Th
     Final
      Chs.
1­12,
ACCT
3311­001(12:30
Section):


                       Exam
       11:00
–
1:30







								
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