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Effective: Early Spring 8-Week 2017/2018

ACCT 383: Intermediate Accounting II

Course Description

Development of accounting theory and practice as applied to: conceptual framework and financial reporting; acquisition, disposal and depreciation of long-term assets; current and contingent liabilities; long-term liabilities; owners’ equity-contributed capital and retained earnings, investments and earnings per share

Prerequisite: ACCT 382

Proctored Exams: None



Syllabus Contents

Textbooks

Required

  • Spiceland et al. (2016). Intermediate Accounting with CONNECT Access (9th ed). McGraw-Hill.
    • [ISBN-978-1-260-08903-5]
    • Note: If you already have the textbook, you will need to purchase access to Connect by using ISBN-13: 978-1-260-02987-1

MBS Information

Textbooks for the course may be ordered from MBS Direct. You can order

For additional information about the bookstore, visit http://www.mbsbooks.com.


Course Overview

Welcome to Intermediate Accounting II (ACCT 383)! Throughout this course we will begin to learn about some of the more complicated topics in accounting, and how to account for these topics on the books of a business.



Technology Requirements

Participation in this course will require the basic technology for all online classes at Columbia College:
  • A computer with reliable Internet access
  • A web browser
  • Acrobat Reader
  • Microsoft Office or another word processor such as Open Office

You can find more details about standard technical requirements for our courses on our site.


Course Objectives

  • To apply accounting theory to financial accounting problems and to financial statements.
  • To engage in oral and written communication, as well as critical and creative thinking.
  • To develop skills in information technology, self-study and applied research.
  • To promote ethical awareness and professional responsibilities.

Measurable Learning Outcomes

  • Explain the institutional structure of financial accounting.
  • Explain the conceptual framework of financial reporting.
  • Explain the accounting methods for the acquisition, disposal and depreciation of long-term assets.
  • Explain the accounting methods for current and contingent liabilities.
  • Calculate the appropriate accounting methods for long-term liabilities.
  • Explain the accounting methods for contributed capital and retained earnings and earnings per share.
  • Explain the accounting methods for investments.

Grading

Grading Scale
Grade Points Percent
A 819-910 90-100%
B 728-818 80-89%
C 637-727 70-79%
D 546-636 60-69%
F 0-545 0-59%
Grade Weights
Assignment Category Points Percent
Discussions (4) 80 9%
Homework (7) 280 31%
Homework Review (Comprehensive) (1) 100 11%
Exams (3) 300 33%
Final Exam 150 16%
Total 910 100%


Schedule of Due Dates

Week 1
Assignment Points Due
Introduction Discussion - Wednesday/Sunday
Discussion 1 20
Homework 1 40 Sunday
Week 2
Assignment Points Due
Homework 2 40 Sunday
Exam 1 100
Week 3
Assignment Points Due
Discussion 2 20 Wednesday/Sunday
Homework 3 40 Sunday
Week 4
Assignment Points Due
Homework 4 40 Sunday
Exam 2 100
Week 5
Assignment Points Due
Discussion 3 20 Wednesday/Sunday
Homework 5 40 Sunday
Week 6
Assignment Points Due
Homework 6 40 Sunday
Exam 3 100
Week 7
Assignment Points Due
Discussion 4 20 Wednesday/Sunday
Homework 7 40 Sunday
Week 8
Assignment Points Due
Discussion 5 - Wednesday/Saturday
Homework Review 100 Thursday
Final Exam 150 Saturday
Total Points 910

Assignment Overview

Discussions

Each week’s discussion will take place from Monday to Sunday, except for Week 8 which ends on Saturday, with your initial post due by 11:59 pm Central Time (CT) on Wednesday and two responses to classmates' posts due by 11:59 pm CT on Sunday.

Your initial response to the discussion question should fully answer at least one of the questions asked. At least one of your reply posts should be to a student who chose the other option to respond to. Your responses to others’ posts should also be well developed, fully explaining your response to the classmates’ posts. Make responses that add to the conversation and take it further; simply posting “I agree” or “good job” does not help develop ideas. For maximum learning and point benefits, respond to at least one student’s post. You are also expected to read all of the posts during the week.


Homework

You will complete seven (7) homework assignments assigned throughout the course. These assignments must be completed in CONNECT, and you will have three (3) attempts to complete each assignment. Each assignment will open at 12:01 am CT on Monday of the appropriate week and must be completed by 11:59 pm CT on Sunday of the appropriate week (except for Week 8, which will be due on Thursday). You will have the week to analyze and calculate the questions. Each question is a difficult calculation-based question, and each homework assignment will contain 6-12 problems.

Each homework assignment is worth 40 points each, with the exception of Week 8, which is worth 100 points.


Homework Review (Comprehensive)

During Week 8, your homework assignment will be a review of all the concepts throughout the course.  This assignment will help you not only review for the Final Exam, but will also give you the opportunity to review the material taught in the course.  The Homework Review assignment will be available in CONNECT and will open at 12:01 am CT on Monday of Week 8 and is due by 11:59 pm CT on Thursday of Week 8.  As with the other homework assignments, you will have three attempts to complete this assignment.

I encourage you not to wait until the last moment to begin this assignment.  Being a review of all the concepts, the Homework Review will be longer than the weekly homework assignments and as you come to find out, many of these problems require difficult calculations.


Exams

You will take 3 exams through CONNECT in this course (in weeks 2, 4, and 6). Each exam will contain 20-25 multiple choice questions. You will have one (1) attempt per exam. Each exam will open at 12:01 am CT on Thursday of the appropriate week. Exams must be completed by 11:59 pm CT on Sunday of the appropriate week. Each exam is worth 100 points.


Final Exam

During Week 8, you will take a non-proctored Final Exam which will consist of 50 questions from all of the assigned readings throughout the course. This exam will be completed in CONNECT. You will have 2 hours (120 minutes) to take the exam and will be given only one attempt. The Final Exam is worth 150 points. The exam will open Thursday of Week 8 at 12:01 am CT and is due by 11:59 pm CT Saturday.



Course Outline

Click on each week to view details about the activities scheduled for that week.

Week 1: PP&E and Intangible Assets–Acquisition and Disposition
Readings
  • Read Chapter 10
  • Review Chapter 10 PowerPoint
  • Review extra homework problems and solutions
  • Review Instructional Materials
Introduction Discussion
Introduce yourself in the "Introductions" topic of our class discussion. Please give us more than your name. Include your profession, hobbies, interest in this course, and any other information that can help us get to know you.
Discussion 1

Select a fortune 500 company that interests you, visit this company’s homepage, and read the information presented there. Post a paragraph describing what interests you with respect to the company you have chosen: what their main business interests are and what your initial feelings are with respect to the current financial success of the company. Also discuss the function and primary focus of financial accounting.  We will build on the company you choose with each weekly discussion assignment. This will give us all insight into the various companies and industries that are presented throughout the length of this course. You cannot pick the same company that anyone else in the class chooses.  However, you may "reserve" a company by posting a message that reads "I am choosing company X."  Provide the account balances for PP&E and Intangible assets in the company’s most recent annual report. You may need to read the notes to find these values.

  • Initial post required by Wednesday at midnight, reply posts required by Sunday at midnight.
  • Your initial post should be to one of the options and at least one of your reply posts should be to a student who chose the other option to respond to.
1 initial post and 2 reply posts are required.
Homework 1

You will complete 6-12 questions similar to the end of chapter exercises.  You will be able to rework differing versions of the homework to improve your grade and ensure your understanding of this week's material. See the CONNECT Accounting website for the specific assignment and instructions.

You must complete Homework 1 by 11:59pm CT on Sunday.
Week 2: PP&E and Intangible Assets–Utilization and Impairment
Readings
  • Read Chapter 11
  • Review Chapter 11 PowerPoint
  • Review extra homework problems and solutions
  • Review Instructional Materials
Homework 2

You will complete 6-12 questions similar to the end of chapter exercises. You will be able to rework differing versions of the homework to improve your grade and ensure your understanding of this week's material. See the CONNECT Accounting website for the specific assignment and instructions.

You must complete Homework 2 by 11:59pm CT on Sunday.
Exam 1

Exam 1 will cover chapters 10 and 11 in your textbook. The exam will ask you to complete 20-25 multiple-choice questions over the week’s readings. The amount of questions will depend on the complexity of each week's material. The exam opens at 12:00 am CT on Thursday. You will have 2 hours and one attempt to complete the exam. You may use your book to help you find the answers, but your time is limited, so you must be very familiar with your textbook to find the answers quickly.

The exam is worth 100 points.  It is completed at the CONNECT Accounting website and is due by 11:59 pm on Sunday.

Week 3: Investments
Readings
  • Read Chapter 12
  • Review Chapter 12 PowerPoint
  • Review extra homework problems and solutions
  • Review Instructional Materials
Discussion 2

For this week’s discussion assignment, look at the financial statement of the company you chose during Week 1 in the most recently released annual report.

  1. Does your company carry any investments on the balance sheet?  What is the balance in the investment account?  You may need to dig into the notes to find this information.
  2. Are these investments classified as trading, available for sale and/or held to maturity?
  3. What balances are in OCI related to these investments?

Initial post required by Wednesday at midnight, reply posts required by Sunday at midnight.

1 initial post and 2 reply posts are required.
Homework 3

You will complete 6-12 questions similar to the end of chapter exercises. You will be able to rework differing versions of the homework to improve your grade and ensure your understanding of this week's material. See the CONNECT Accounting website for the specific assignment and instructions.

You must complete Homework 3 by 11:59pm CT on Sunday.
Week 4: Current Liabilities and Contingencies
Readings
  • Read Chapter 13
  • Review Chapter 13 PowerPoint
  • Review extra homework problems and solutions
  • Review Instructional Materials
Homework 4

You will complete 6-12 questions similar to the end of chapter exercises. You will be able to rework differing versions of the homework to improve your grade and ensure your understanding of this week's material. See the CONNECT Accounting website for the specific assignment and instructions.

You must complete Homework 4 by 11:59pm CT on Sunday.
Exam 2

Exam 2 will cover chapters 12 and 13 in your textbook. The exam will ask you to complete 20-25 multiple-choice questions over the week’s readings. The amount of questions will depend on the complexity of each week's material. The exam opens at 12:00 am CT on Thursday. You will have 2 hours and one attempt to complete the exam. You may use your book to help you find the answers, but your time is limited, so you must be very familiar with your textbook to find the answers quickly.

The exam is worth 100 points.  It is completed at the CONNECT Accounting website and is due by 11:59 pm on Sunday..

Week 5: Bonds and Long-Term Notes
Readings
  • Read Chapter 14
  • Review Chapter 14 PowerPoint
  • Review extra homework problems and solutions
  • Review Instructional Materials
Discussion 3

For this week’s discussion assignment look at the financial statement of the company you chose during Week 1 in the most recently released annual report.

  • Does this company carry long-term debt on their balance sheet?
  • What type of debt does the company carry?

You will need to look in the notes to the financial statements to find information on the types of debt issued by the company.

  • What is the company's debt-to-equity ratio, and debt ratio? 
  • Is a higher or lower ratio better? 
  • What do these ratios tell you about your company?

Your initial post required by Wednesday at midnight, reply posts required by Sunday at midnight. Your initial post should be to one of the options, and at least one of your reply posts should be to a student who chose the other option to respond to. 1 initial post and 2 reply posts are required.

Homework 5

You will complete 6-12 questions similar to the end of chapter exercises. You will be able to rework differing versions of the homework to improve your grade and ensure your understanding of this week's material. See the CONNECT Accounting website for the specific assignment and instructions.

You must complete Homework 5 by 11:59pm CT on Sunday.
Week 6: Shareholder’s Equity
Readings
  • Read Chapter 18
  • Review Chapter 18 PowerPoint
  • Review extra homework problems and solutions
  • Review Instructional Materials
Homework 6

You will complete 6-12 questions similar to the end of chapter exercises. You will be able to rework differing versions of the homework to improve your grade and ensure your understanding of this week's material. See the CONNECT Accounting website for the specific assignment and instructions.

You must complete Homework 6 by 11:59pm CT on Sunday.
Exam 3

Exam 3 will cover chapters 14 and 18 in your textbook The exam will ask you to complete 20-25 multiple-choice questions over the week’s readings. The amount of questions will depend on the complexity of each week's material. The exam opens at 12:00 am CT on Thursday. You will have 2 hours and one attempt to complete the exam. You may use your book to help you find the answers, but your time is limited, so you must be very familiar with your textbook to find the answers quickly.

The exam is worth 100 points.  It is completed at the CONNECT Accounting website and is due by 11:59 pm on Sunday.

Course Evaluation
Please evaluate the course. You will have an opportunity to evaluate the course near the end of the session. A link sent to your CougarMail will allow you to access the evaluation. Please note that these evaluations are provided so that I can improve the course, find out what students perceive to be its strengths and weaknesses, and in general assess the success of the course. Please do take the time to fill this out.
Week 7: Share Based Compensation and Earnings per Share
Readings
  • Read Chapter 19
  • Review Chapter 19 PowerPoint
  • Review extra homework problems and solutions
  • Review Instructional Materials
Discussion 4

For this week’s discussion assignment, look at the income statement of the company you chose during Week 1 in the most recently released annual report. What is the amount of earnings per share reported for the years presented? Does the company report diluted earnings per share? What are the securities that dilute the earnings per share of the company?  What does the difference between these two numbers tell you about the company?

Initial post required by Wednesday at midnight, reply posts required by Sunday at midnight.

1 initial post and 2 reply posts are required.

Homework 7

You will complete 6-12 questions similar to the end of chapter exercises. You will be able to rework differing versions of the homework to improve your grade and ensure your understanding of this week's material. See the CONNECT Accounting website for the specific assignment and instructions.

You must complete Homework 7 by 11:59pm CT on Sunday.
Week 8: Wrap-up and Final Exam
Readings
  • Review all chapters covered in the course
  • Review all PowerPoints covered in the course
  • Review Instructional Materials and content material
Discussion 5

Where did you encounter struggle during this course, and what did you do to deal with it? What about your thinking, learning, or work brought you the most satisfaction? What are your next steps? Which of those steps will come easiest? Where will the terrain become rocky? What can you do now to navigate the road ahead with the most success?

This discussion is not graded.

Homework Review

This assignment reviews all concepts throughout the course and will help prepare you for the Final Exam.

You must complete the Homework Review by 11:59pm CT on Thursday of Week 8.
Final Exam

The Final Exam covers chapters 10-14, 18 and 19 in your textbook.  You will have 1 attempt and 2 hours to complete the Final Exam.  Be sure to save your progress until you are ready to submit your exam. 

The exam consists of 50 multiple choice questions. 

The exam will be completed at the CONNECT Accounting website and is due by 11:59 pm on Saturday.



Course Policies

Student Conduct

All Columbia College students, whether enrolled in a land-based or online course, are responsible for behaving in a manner consistent with Columbia College's Student Conduct Code and Acceptable Use Policy. Students violating these policies will be referred to the office of Student Affairs and/or the office of Academic Affairs for possible disciplinary action. The Student Code of Conduct and the Computer Use Policy for students can be found in the Columbia College Student Handbook. The Handbook is available online; you can also obtain a copy by calling the Student Affairs office (Campus Life) at 573-875-7400. The teacher maintains the right to manage a positive learning environment, and all students must adhere to the conventions of online etiquette.

Plagiarism

Your grade will be based in large part on the originality of your ideas and your written presentation of these ideas. Presenting the words, ideas, or expression of another in any form as your own is plagiarism. Students who fail to properly give credit for information contained in their written work (papers, journals, exams, etc.) are violating the intellectual property rights of the original author. For proper citation of the original authors, you should reference the appropriate publication manual for your degree program or course (APA, MLA, etc.). Violations are taken seriously in higher education and may result in a failing grade on the assignment, a grade of "F" for the course, or dismissal from the College.

Collaboration conducted between students without prior permission from the instructor is considered plagiarism and will be treated as such. Spouses and roommates taking the same course should be particularly careful.

All required papers may be submitted for textual similarity review to Turnitin.com for the detection of plagiarism. All submitted papers may be included in the Turnitin.com reference database for the purpose of detecting plagiarism. This service is subject to the Terms and Conditions of Use posted on the Turnitin.com site.

Non-Discrimination

There will be no discrimination on the basis of sex, race, color, national origin, sexual orientation, religion, ideology, political affiliation, veteran status, age, physical handicap, or marital status.

Student Accessibility Resources

Students with documented disabilities who may need academic services for this course are required to register with the office of Student Accessibility Resources. Until the student has been cleared through this office, accommodations do not have to be granted. If you are a student who has a documented disability, it is important for you to read the entire syllabus as soon as possible. The structure or the content of the course may make an accommodation not feasible. Student Accessibility Resources is located in Student Affairs in AHSC 215 and can be reached by phone at (573) 875-7626 or email at sar@ccis.edu.

Online Participation

You are expected to read the assigned texts and participate in the discussions and other course activities each week. Assignments should be posted by the due dates stated on the grading schedule in your syllabus. If an emergency arises that prevents you from participating in class, please let your instructor know as soon as possible.

Attendance Policy

Attendance for a week will be counted as having submitted any assigned activity for which points are earned. Attendance for the week is based upon the date work is submitted. A class week is defined as the period of time between Monday and Sunday (except for week 8, when the work and the course will end on Saturday at midnight.) The course and system deadlines are based on the Central Time Zone.

Cougar Email

All students are provided a CougarMail account when they enroll in classes at Columbia College. You are responsible for monitoring email from that account for important messages from the College and from your instructor. You may forward your Cougar email account to another account; however, the College cannot be held responsible for breaches in security or service interruptions with other email providers.

Students should use email for private messages to the instructor and other students. The class discussions are for public messages so the class members can each see what others have to say about any given topic and respond.

Late Assignment Policy

An online class requires regular participation and a commitment to your instructor and your classmates to regularly engage in the reading, discussion and writing assignments. Although most of the online communication for this course is asynchronous, you must be able to commit to the schedule of work for the class for the next eight weeks. You must keep up with the schedule of reading and writing to successfully complete the class.

No late assignments or exams will be accepted without the prior approval of the instructor. No late discussion posts will be accepted.

Course Evaluation

You will have an opportunity to evaluate the course near the end of the session. A link will be sent to your CougarMail that will allow you to access the evaluation. Be assured that the evaluations are anonymous and that your instructor will not be able to see them until after final grades are submitted.


Additional Resources

Orientation for New Students

This course is offered online, using course management software provided by Desire2Learn and Columbia College. The course user guide provides details about taking an online course at Columbia College. You may also want to visit the course demonstration to view a sample course before this one opens.

Technical Support

If you have problems accessing the course or posting your assignments, contact your instructor, the Columbia College Helpdesk, or the D2L Helpdesk for assistance. Contact information is also available within the online course environment.

Online Tutoring

Smarthinking is a free online tutoring service available to all Columbia College students. Smarthinking provides real-time online tutoring and homework help for Math, English, and Writing. Smarthinking also provides access to live tutorials in writing and math, as well as a full range of study resources, including writing manuals, sample problems, and study skills manuals. You can access the service from wherever you have a connection to the Internet. I encourage you to take advantage of this free service provided by the college.

Access Smarthinking through CougarTrack under Students -> Academics -> Academic Resources.


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