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ACCOUNTING 4073/5153
INTERMEDIATE ACCOUNTING III
Fall 2006
INSTRUCTOR Jeff P. Boone, Ph.D. OFFICE: BB 4.05.08 & BVB 4.332
PHONE 210.458.7091 EMAIL: jeff.boone@utsa.edu
CLASS HOURS ACC 4073.001 12:30–1:45 pm T, TH
ACC 4073.002/5153.001 5:30– 6:45 pm T,TH
ACC 4073.901 9:30–10:45 am T,TH
OFFICE HOURS 4:30-5:30 pm T, Th (BB. 4.05.08)
8:30-9:30 am T,Th (BVB 4.332)
Additional hours by appointment
PREREQUISITES MGT 3003, a grade of “C” or better in ACC 3033, and declared accounting
major or department approval.
TEXTS and OTHER MATERIALS
Required - (1) Intermediate Accounting 10th edition. Nickolai, Bazley and Jones.
BBA PROGRAM LEARNING GOALS
Students will
Be able to use quantitative analysis and quantitative and non-quantitative reasoning to
effectively identify and solve business problems.
Be able to communicate, both orally and in writing, information and ideas pertinent to
business decision-making.
Be able to use current information technology to support business decision-making.
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Be able to identify ethical and legal issues in a business context and find alternatives that
demonstrate ethical values.
Be able to incorporate a global perspective in business decisions.
Be able to identify current issues affecting accounting practice.
Be able to identify ethical situations and find solutions that meet ethical standards.
Possess the technical knowledge to succeed in practice.
Be technologically proficient in working with and presenting financial data.
COURSE OBJECTIVE/GOALS
INTERMEDIATE ACCOUNTING III is a study of specialized financial reporting topics, including the
application of professional standards and case-study analyses. It is designed to help prepare students for entry
into professional accounting careers.
The course focuses on current financial accounting theory as it applies to numerous financial reporting topics
not covered in previous financial accounting classes, including special revenue recognition problems,
accounting for income taxes, sale-leaseback and other special lease transactions, various postemployment
benefits, stock option and other benefit plans, derivatives, changes in accounting principles, and disclosure
issues.
The course helps to develop professional research and communication skills through case study research
assignments.
GRADING
Your performance on end-of-chapter quizzes, written cases, two interim exams, and the final exam will
determine your course grade as shown below.
Activity Weight
End of chapter quizzes (taken over the internet), written cases and homework 15%
Two interim exams 50%
Final exam 35%
Total 100%
Students in ACC 5153 must also prepare a written research paper (10 to 20 pages). You should meet with
me early in the semester to identify a suitable topic. The paper is due by November 30th and is a part of
the 15% quiz, etc component of the course grade.
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Final Grades
Final grades will be distributed on the following basis:
A = 90% or better
B = 80-89%.
C = 70-79%
D = 60-69%
F = below 60%
ATTENDANCE:
Attendance and participation in classroom discussions are normal expectations. Roll will not be taken on a
formal basis, but noticeable absences or lack of participation may affect your grade in borderline cases.
WEBSITE ADDRESS:
To access materials for this class go to http://faculty.business.utsa.edu/jboone/ and click the ACC 4073 Fall
2006 hyperlink.
Grades will be distributed via the classroom website.
IMPORTANT DATES
Quizzes and Exams:
09-13-2006 – Chapter 23 Quiz due (electronic submission)
09-20-2006 – Chapter 18 Quiz due (electronic submission)
09-26-2006 – Test 1
10-04-2006 – Chapter 19 Quiz due (electronic submission)
10-23-2006 – Chapter 20 Quiz due (electronic submission)
10-24-2006 – Test 2
Final Exam:
...... 09:30 am - 10:45 am ................ 10:30 am - 01:15 pm ................ Monday .....................Dec 11 (9:30 class)
...... 12:30 pm - 01:45 pm ................ 10:30 am - 01:15 pm ............... Wednesday .............. Dec 6 (12:30 class)
...... 05:30 pm - 06:45 pm ................ 05:00 pm - 07:45 pm ............... Tuesday ...................Dec 12 (5:30 class)
OUR RESPONSIBILITIES
We share responsibility for the success or failure of the course.
I promise to (1) assign an appropriate breadth and depth of course activities that will enable motivated and
capable students to meet the course learning objectives; (2) invest class time in addressing the subset of
issues that I deem to be more challenging, timely, important, or controversial; (3) treat each student equally
and with respect; (4) administer and impartially grade challenging yet fair exams that reflect a sampling of all
topics, including those not explicitly addressed in class; (5) be a good steward of your time; (6) meet with
you individually (during scheduled office hours or other mutually convenient times) to facilitate learning of
topics that you are unable to grasp despite your own repeated and substantive efforts.
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I expect you to (1) complete and submit daily assignments prior to class; (2) ask questions in class about
assignment topics that you do not fully understand; (3) exhibit professional demeanor in class; (4) show
respect to your colleagues and instructor; (5) ask me for additional assistance (during office hours or other
mutually convenient times) in learning topics that you are unable to grasp only after you have invested
repeated and substantive effort; (6) invest about 2 to 3 hours in preparing for each class period; (7) regularly
(i.e., daily) check for course-related email; and (8) adhere to the UTSA Honor Pledge, reproduced below.
"On my honor, as a student of The University of Texas at San Antonio, I will uphold the
highest standards of academic integrity and personal accountability for the advancement of
the dignity and the reputation of our university and myself.”
You should immediately drop the course if you are unwilling or unable to fulfill your responsibilities.
MY TEACHING PHILOSOPHY
I view the student/teacher relationship as analogous to that of the coach/athlete. The coach stands ready to
work with all who are eager to learn. S/he designs a training program that will develop a motivated and
capable athlete into a skilled practitioner of his/her sport. Some of the practice drills are fun, some are
unpleasant, but they are all important and challenging. Athletes who possess below average ability must
compensate for the deficiency by working harder if they are to be successful. Those blessed with above
average ability but lacking motivation will be unsuccessful despite their superior innate athletic ability. Not
everyone has the necessary balance of ability and motivation to be successful in every sport. The coach
must provide constructive and frank feedback to each athlete so s/he understands her/his progress and can
make the appropriate corrections. Based on the feedback, some athletes may decide their time would be
better spent pursuing other sport activities. Finally, coaches take their responsibilities very seriously and
expect their athletes to do the same or drop the team.
The activities in this course are your “training program.” You aspire to join the team of professional
accountants and to be successful you must possess an appropriate balance of ability and motivation. I stand
ready to work with all who are eager to learn. Some topics we study will be stimulating, some mundane, but
they are all necessary and challenging. I will provide you with honest and constructive feedback about your
progress. I take my responsibilities very seriously and expect that you will too.
SCHEDULE OF CLASS ACTIVITIES
A schedule of class activities is posted at the class website. This schedule is a flexible planning document
that will be modified throughout the semester as class activities consume more or less time than planned. I
will post a revised schedule following each modification, which I will announce in class and/or via email.
A FINAL COMMENT
Congratulations! You are all advanced accounting students and the end of your undergraduate study is almost
within sight.
Because you are advanced, capable students, I intend to spend very little class time (probably only about 20
minutes per chapter) in “spoon feeding” you the information via traditional lecture (that format is pretty
boring anyway). It is your responsibility to acquaint yourself with a basic knowledge of the topics assigned
for each class by reading the chapter and taking a stab at homework problems before class. We’ll spend
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class time in addressing areas that you find particularly difficult and/or discussing topics you find especially
interesting or timely. So, come to class prepared!
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The SAS System 10:32 Monday, August 14, 2006 199
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Activity Description Number Date Week Activity Period Daily Time Activity Time
Discuss course policies 1 2006-08-24 Thursday 65 65 65 . .
Class photos 2 2006-08-24 Thursday 10 10 75 . .
-------------------------------------------------------------------------- Date=2006-08-29 --------------------------------------------------------------------------
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ID Day of the This Class Cumulative Unfinished Slack
Activity Description Number Date Week Activity Period Daily Time Activity Time
Lecture - Statement of Cash Flows (Ch. 22) 3 2006-08-29 Tuesday 10 10 10 . .
P22-13 4 2006-08-29 Tuesday 35 35 45 . .
Lecture/Class Discussion - Conceptual Framework (Ch. 2) 5 2006-08-29 Tuesday 30 30 75 . .
-------------------------------------------------------------------------- Date=2006-08-31 --------------------------------------------------------------------------
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Activity Description Number Date Week Activity Period Daily Time Activity Time
Lecture - Accounting Changes (Ch. 23) 6 2006-08-31 Thursday 30 30 30 . .
Q23-1 to Q23-17 7 2006-08-31 Thursday 30 30 60 . .
M23-1 to M23-10 8 2006-08-31 Thursday 15 15 75 . .
-------------------------------------------------------------------------- Date=2006-09-05 --------------------------------------------------------------------------
Time Needed
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ID Day of the This Class Cumulative Unfinished Slack
Activity Description Number Date Week Activity Period Daily Time Activity Time
P23-1 9 2006-09-05 Tuesday 20 20 20 . .
P23-2 10 2006-09-05 Tuesday 25 25 45 . .
P23-5 11 2006-09-05 Tuesday 25 25 70 . .
P23-6 12 2006-09-05 Tuesday 20 5 75 15 .
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Activity Description Number Date Week Activity Period Daily Time Activity Time
P23-6 12 2006-09-07 Thursday 20 15 15 . .
P23-9 13 2006-09-07 Thursday 15 15 30 . .
P23-10 14 2006-09-07 Thursday 15 15 45 . .
P23-14 15 2006-09-07 Thursday 35 30 75 5 .
-------------------------------------------------------------------------- Date=2006-09-12 --------------------------------------------------------------------------
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P23-14 15 2006-09-12 Tuesday 35 5 5 . .
Lecture - Income Measurement (Ch. 18) 16 2006-09-12 Tuesday 30 30 35 . .
Q18-1 to Q18-17 17 2006-09-12 Tuesday 30 30 65 . .
M18-2 to M18-10 18 2006-09-12 Tuesday 15 10 75 5 .
-------------------------------------------------------------------------- Date=2006-09-14 --------------------------------------------------------------------------
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Activity Description Number Date Week Activity Period Daily Time Activity Time
M18-2 to M18-10 18 2006-09-14 Thursday 15 5 5 . .
P18-1 19 2006-09-14 Thursday 10 10 15 . .
P18-4 20 2006-09-14 Thursday 25 25 40 . .
P18-6 21 2006-09-14 Thursday 25 25 65 . .
P18-7 22 2006-09-14 Thursday 25 10 75 15 .
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Activity Description Number Date Week Activity Period Daily Time Activity Time
P18-7 22 2006-09-19 Tuesday 25 15 15 . .
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(continued)
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Activity Description Number Date Week Activity Period Daily Time Activity Time
P18-8 23 2006-09-19 Tuesday 25 25 40 . .
P18-10 24 2006-09-19 Tuesday 20 20 60 . .
Lecture - Deferred Income Taxes (Ch. 19) 25 2006-09-19 Tuesday 30 15 75 15 .
-------------------------------------------------------------------------- Date=2006-09-21 --------------------------------------------------------------------------
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Lecture - Deferred Income Taxes (Ch. 19) 25 2006-09-21 Thursday 30 15 15 . .
Q19-1 to Q19-17 26 2006-09-21 Thursday 30 30 45 . .
M19-1 to M19-10 27 2006-09-21 Thursday 15 15 60 . 15
-------------------------------------------------------------------------- Date=2006-09-26 --------------------------------------------------------------------------
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Test 1 (Chapters 18 and 23) 28 2006-09-26 Tuesday 75 75 75 . .
-------------------------------------------------------------------------- Date=2006-09-28 --------------------------------------------------------------------------
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ID Day of the This Class Cumulative Unfinished Slack
Activity Description Number Date Week Activity Period Daily Time Activity Time
P19-1 29 2006-09-28 Thursday 10 10 10 . .
P19-3 30 2006-09-28 Thursday 20 20 30 . .
P19-4 31 2006-09-28 Thursday 25 25 55 . .
P19-5 32 2006-09-28 Thursday 30 20 75 10 .
The SAS System 10:32 Monday, August 14, 2006 202
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ID Day of the This Class Cumulative Unfinished Slack
Activity Description Number Date Week Activity Period Daily Time Activity Time
P19-5 32 2006-10-03 Tuesday 30 10 10 . .
P19-7 33 2006-10-03 Tuesday 20 20 30 . .
P19-10 34 2006-10-03 Tuesday 25 25 55 . .
P19-11 35 2006-10-03 Tuesday 15 15 70 . .
Lecture- Pensions (Ch. 20) 36 2006-10-03 Tuesday 30 5 75 25 .
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Lecture- Pensions (Ch. 20) 36 2006-10-05 Thursday 30 25 25 . .
Q20-1 to Q20-22 37 2006-10-05 Thursday 30 30 55 . .
M20-1 to M20-10 38 2006-10-05 Thursday 15 15 70 . .
P17-1 (Handout) 39 2006-10-05 Thursday 20 5 75 15 .
-------------------------------------------------------------------------- Date=2006-10-10 --------------------------------------------------------------------------
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P17-1 (Handout) 39 2006-10-10 Tuesday 20 15 15 . .
P17-1 (Handout) 40 2006-10-10 Tuesday 20 20 35 . .
P17-2 (Handout) 41 2006-10-10 Tuesday 10 10 45 . .
P17-3 (Handout) 42 2006-10-10 Tuesday 15 15 60 . .
P17-4 (Handout) 43 2006-10-10 Tuesday 15 15 75 . .
The SAS System 10:32 Monday, August 14, 2006 203
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P17-5 (Handout) 44 2006-10-12 Thursday 15 15 15 . .
P17-7 (Handout) 45 2006-10-12 Thursday 15 15 30 . .
P17-9 (Handout) 46 2006-10-12 Thursday 20 20 50 . .
P17-10 (Handout) 47 2006-10-12 Thursday 30 25 75 5 .
-------------------------------------------------------------------------- Date=2006-10-17 --------------------------------------------------------------------------
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P17-10 (Handout) 47 2006-10-17 Tuesday 30 5 5 . .
P17-13 (Handout) 48 2006-10-17 Tuesday 20 20 25 . .
Pension extra 1 (Handout) 49 2006-10-17 Tuesday 15 15 40 . .
Pension extra 2 (Handout) 50 2006-10-17 Tuesday 15 15 55 . .
Pension extra 3 (Handout) 51 2006-10-17 Tuesday 15 15 70 . .
Pension extra 4 (Handout) 52 2006-10-17 Tuesday 15 5 75 10 .
-------------------------------------------------------------------------- Date=2006-10-19 --------------------------------------------------------------------------
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Pension extra 4 (Handout) 52 2006-10-19 Thursday 15 10 10 . .
Lecture - Share Based Compensation (Ch. 16 pp. 780-793) 53 2006-10-19 Thursday 30 30 40 . .
M16-8 54 2006-10-19 Thursday 5 5 45 . .
P16-6 55 2006-10-19 Thursday 25 25 70 . 5
The SAS System 10:32 Monday, August 14, 2006 204
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Test 2 (Chapters 19 and 20) 56 2006-10-24 Tuesday 75 75 75 . .
-------------------------------------------------------------------------- Date=2006-10-26 --------------------------------------------------------------------------
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P16-7 57 2006-10-26 Thursday 25 25 25 . .
P16-8 58 2006-10-26 Thursday 30 30 55 . .
P16-9 59 2006-10-26 Thursday 25 20 75 5 .
-------------------------------------------------------------------------- Date=2006-10-31 --------------------------------------------------------------------------
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P16-9 59 2006-10-31 Tuesday 25 5 5 . .
Option Pricing in-class example 60 2006-10-31 Tuesday 30 30 35 . .
Option Pricing Homework Problem (Handout) 61 2006-10-31 Tuesday 30 30 65 . .
Lecture - Derivatives (Ch. 15 pp. 739-746) 62 2006-10-31 Tuesday 15 10 75 5 .
-------------------------------------------------------------------------- Date=2006-11-02 --------------------------------------------------------------------------
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Lecture - Derivatives (Ch. 15 pp. 739-746) 62 2006-11-02 Thursday 15 5 5 . .
E15-20 63 2006-11-02 Thursday 20 20 25 . .
Lecture - Segments (Ch. 6 pp. 251-256) 64 2006-11-02 Thursday 20 20 45 . .
P6-2 65 2006-11-02 Thursday 35 30 75 5 .
The SAS System 10:32 Monday, August 14, 2006 205
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P6-2 65 2006-11-07 Tuesday 35 5 5 . .
Case - Break My Heart(1) 66 2006-11-07 Tuesday 35 35 40 . .
Case - Painless Inc.(13) 67 2006-11-07 Tuesday 35 35 75 . .
-------------------------------------------------------------------------- Date=2006-11-09 --------------------------------------------------------------------------
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Case - Back to the USSR(12) 68 2006-11-09 Thursday 40 40 40 . .
Case - Worldwide Wires(4) 69 2006-11-09 Thursday 35 35 75 . .
-------------------------------------------------------------------------- Date=2006-11-14 --------------------------------------------------------------------------
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Case - Up Stream(10) 70 2006-11-14 Tuesday 40 40 40 . .
Case - Crispy Crust(5) 71 2006-11-14 Tuesday 35 35 75 . .
-------------------------------------------------------------------------- Date=2006-11-16 --------------------------------------------------------------------------
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Case - Lighthouse(9) 72 2006-11-16 Thursday 40 40 40 . .
Case - Busy Signals Unlimited(8) 73 2006-11-16 Thursday 35 35 75 . .
The SAS System 10:32 Monday, August 14, 2006 206
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Case - Frequent Fixer(9) 74 2006-11-21 Tuesday 40 40 40 . .
Case - The Daily Grind(9) 75 2006-11-21 Tuesday 35 35 75 . .
-------------------------------------------------------------------------- Date=2006-11-28 --------------------------------------------------------------------------
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Cushion 76 2006-11-28 Tuesday 75 75 75 . .
-------------------------------------------------------------------------- Date=2006-11-30 --------------------------------------------------------------------------
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Cushion 77 2006-11-30 Thursday 75 75 75 . .
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