Georgia State University
J. Mack Robinson College of Business
School of Accountancy
Financial Accounting and Reporting
Professor Siva Nathan
Office: 516 RCB Bldg. (35 Broad St.)
Office Hours: MW 9am – noon and by appointment
MW 1:30pm – 2:45pm, GCB615 (CRN 10050)
ACCT4010 with a minimum grade of C. CSP 1,2,6. Prerequisites are strictly enforced.
You will be dropped from the course if you do have the necessary prerequisite.
Intermediate Accounting, by E.K. Stice, J.D. Stice, and K.F. Skousen (15th Edition),
published by Thomson South-Western, 2004.
No supplementary material (Self-Study Problems, Study Guide, etc.) that goes with the
text is required for this course. I do not recommend purchasing them.
This course expands and intensifies the coverage of financial accounting concepts and
procedures introduced to you in ACCT 2101 and ACCT 2102. The material you learned
in those courses (or their equivalents) will serve as a foundation for this course. It is
assumed that you are familiar with the material from your introductory courses – it will
not be “re-taught” here. The sheer volume of material along with the relatively brief
period over which that material is covered makes this a very challenging course.
You should consider dropping the course if you are struggling with the “Practice
Problems” suggested for Chapters 2 through 4.
1. Prepare a complete financial reporting system for external parties consistent
with professional standards and judgment.
2. Apply accounting theory, professional standards and judgment to develop
accounting methods for new situations
3. Make financing, investment and business decisions using financial accounting
Method of Instruction:
A substantial amount of class time will be spent discussing higher order learning
objectives. Most class time will be spent discussing the theory and the concepts of
current financial accounting practice, centered on the topic of the chapter under study.
We will discuss the “Stop & Think” questions, Boxed Items, Discussion Cases and
Deciphering Actual Financial Statements from the back of each chapter. We will also
discuss the grey areas of accounting and the judgment that is required to apply generally
accepted accounting principles (GAAP), the limitations of GAAP rules, the financial
statement analysis implications and we will look at examples of the application of those
rules in real-world financial statements. Only about 30% of class time will be spent on
solving numerical problems. The primary burden of learning the accounting “rules” will
rest with the student. Students are required to read the assigned chapters before coming
There are two types of homework assigned for this course: HW (Turned-In) and HW
(Practice). HW (Turned-In) should be submitted to instructor at the beginning of each
class for which it is assigned (see attached spreadsheet). HW (Turned-In) is to be done by
the student before the topic is discussed in class. HW (Turned-In) is assigned to ensure
that the students read the chapter before coming to class. Students can get full credit for
the assignments only if they are done correctly. HW (Practice) is to be done by the
student after the topic has been discussed in class. It will not be collected or graded.
Solutions for all Homework (Turned-In and Practice) will be available via email.
There will be a total of three exams for the course, two during the semester and one Final
Exam during Finals Week. The exam dates are given in the attached spreadsheet. Exams
will be a combination of paper-and-pencil problems, case-type questions, Stop & Think
type questions, questions based on real-world financial statements and short-answer
theory questions. The Final Exam will not be cumulative, although the instructor reserves
the right to include selected topics from material covered on previous exams. The
instructor reserves the right to change the format of the exams, with advance notice given
to the students. Makeup exams will be given only under very exceptional circumstances
and only if instructor is notified of the problem before the scheduled exam time and
written documentation is provided of the problem.
All students in the class are required to have a GSU e-mail address. All announcements,
handouts, assignments, and HW solutions will be provided only via e-mail to your GSU
address. All GSU students are entitled to an e-mail account from the university. If you
have not yet activated your GSU e-mail account, you need to do it immediately.
Your grade for the course will be determined as follows:
HW (13 @ 5 points each) 65 points
Three Exams (100 points each) 300 points
Two Case Assignments 85 points
Class Participation 25 points
Class Attendance 25 points
TOTAL 500 points
The instructor reserves the right to base the grades on some combination of relative and
absolute performance, if it is deemed necessary based on the points distribution. To give
the students an idea of their standing in the course the instructor will provide an estimated
grade distribution for the class after Exam 2 and again just prior to the Final Exam. The
estimated grade distribution is provided only as a service to the student, and it should not
be construed as a guarantee that a certain percentage of points entitles the student to a
particular grade. The final cutoff points for the letter grades for the course will be
determined only after the Final Exam. Generally, the instructor looks for large breaks
(usually 6 or 7 points) in the points distribution to assign letter grades. If the instructor is
unable to find large breaks in the distribution at reasonable intervals, consistency in
performance over the entire course will be used as additional input in determining cutoff
points for letter grades.
The due dates for the case assignments are noted in the attached spreadsheet. Details
about the cases will be provided in class.
Attendance, Class Participation and Seating Chart:
Since 10% of the grade is based on class participation, in order to facilitate the process a
seating chart will be distributed in the second class meeting. If you desire a specific seat
in the class, please make sure you come early to the second class and obtain that seat.
You will be sitting in that seat the rest of the semester. Students will be asked to write
their names in the appropriate place in the seating chart. Roll will be taken each class to
determine the attendance grade. Points will be deducted for tardiness. Students are
expected to come to class prepared and ready to fully participate in each class.
Any student withdrawing from the course will fall under the University policies for
withdrawal. If a student withdraws prior to taking Exam 1, a grade of "W" will be
automatically assigned. Withdrawals after Exam 1, but on or prior to Friday, March 5,
2004 will receive a grade of "W" only if the student is passing in the course, where
passing is defined as having received at least an average of 50% of the points on the work
completed in the course up to that point. Otherwise, the student will receive a grade of
"WF." As per University policy, withdrawals from the course after the above-mentioned
date will result in a grade of "WF." As per University rules, the instructor cannot change
the "WF" grade (which is assigned by the Registrar’s office) of any student who
withdraws after the above-mentioned date. It is the responsibility of the student to
withdraw on time in order to possibly receive a "W."
Just as the instructor expects the students to turn in their homework on time, students
have a right to expect that the instructor will grade their exams and case assignments in a
timely manner. The following are the deadlines for the instructor to grade and hand back
the exams and cases:
Exam 1 will be graded by Monday, February 23
Case # 1 will be graded by Monday, March 22
Exam 2 will be graded by Monday, April 5
Case # 2 will be graded by Wednesday, May 5
Final Exam will be graded by Friday, May 7
If the instructor fails to meet any of the above deadlines for reasons other than illness or
injury, each student will get a bonus of 5 points for each assignment that is graded late.
THE COURSE SYLLABUS PROVIDES A GENERAL PLAN FOR THE COURSE;
DEVIATIONS MAY BE NECESSARY.
See attached spreadsheet for course timetable, reading and homework assignments, exam
dates, due dates for cases, and list of assignments that will be discussed in class.
POSSIBILITY OF DISENROLLMENT AND LOSS OF TUITION
Students should be familiar with the following regulations of the
School of Accountancy:
1. PREREQUISITES RULES FOR ALL ACCOUNTING
COURSES ARE STRICTLY ENFORCED.
Prerequisites for this course are as follows:
ACCT4010 or equivalent with a minimum grade of C
CSP: 1,2, 6
All prerequisite courses must have been completed with a minimum grade of
Post-baccalaureate and transient students satisfying prerequisites at other
institutions must complete a form in the School of Accountancy stating the
courses taken and the name of the institution. Contact William Banks, Room
538, RCB Building, 404-651-4470.
2. MINIMUM GPA REQUIREMENT FOR 4000-LEVEL
Students, regardless of degree program or status, may not enroll in upper-level courses (those
numbered 3000-4999) offered by the Robinson College of Business if their cumulative GSU
grade point average is below 2.50.
Graduate students who receive a grade lower than C in any 4000-level
accounting course may repeat that course but they may not enroll in any
other accounting course until a grade of C or higher is earned in that
a. STUDENTS WILL NOT BE MONITORED FOR COMPLIANCE WITH THESE
REGULATIONS AT THE TIME THEY REGISTER; THAT IS, THE COMPUTER WILL
NOT PREVENT YOUR REGISTRATION. However, after the semester begins, the
School of Accountancy will verify that all students enrolled in upper-level accounting
courses are in compliance with these regulations. IF YOU ARE NOT IN COMPLIANCE
YOU WILL BE DIS-ENROLLED!!!! Neither the Robinson College of Business nor the
School of Accountancy will approve a 100% refund of fees. The refund will be whatever
is in effect at the time the withdrawal occurs.
b. These regulations apply to all students regardless of college, degree status, major, or
other academic status.
c. Students are responsible for completing the registration process by the appropriate
university deadline, regardless of enforcement of the above policies.
d. Should you have any questions about these regulations, please contact Mr. William
Banks in the School of Accountancy at 404-651-4470.