Syllabus ACC/423 Version 5

Syllabus
School of Business ACC/423 Version 5 Intermediate Financial Accounting III
Copyright 2010, 2009, 2007, 2006, 2004 by University of Phoenix. All rights reserved.

Course Description This course is the third of a three-part series of courses related to intermediate accounting. This course examines owners' equity, investments, income taxes, pensions and post-retirement benefits, as well as changes and error analysis. The course finishes with a look at derivative instruments. Interwoven in the presentation of the material is an assortment of ethical dilemmas that encourage discussions about how the accountant should handle specific situations. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum.

University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Hunt, M. F. (2007). Problem solving survival guide (Vol. 1). Hoboken, NJ: John Wiley & Sons. Hunt, M. F. (2007). Problem solving survival guide (Vol. 2) Hoboken, NJ: John Wiley & Sons. Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2007). Intermediate accounting, (12th ed.). Hoboken, NJ: John Wiley & Sons. Kieso, D. W., Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2007). Intermediate accounting study guide (12th ed., Vol. 1). Hoboken, NJ: John Wiley & Sons. Kieso, D. W., Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2007). Intermediate accounting study guide (12th ed., Vol. 2). Hoboken, NJ: John Wiley & Sons. All electronic materials are available on the student website.

Week One: Owners' Equity and Earnings per Share

Details
Objectives 1.1 Distinguish between paid-in and earned capital. 1.2 Record journal entries related to common, preferred, and treasury stock. 1.3 Record journal entries related to the various types of dividends.

Due

Points

Syllabus ACC/423 Version 5

1.4 Calculate basic and diluted earnings per share (EPS). 1.5 Evaluate the various accounting treatments for stock compensation. Readings Read Ch. 15 of Intermediate Accounting. Read Ch. 16 of Intermediate Accounting. Review this weeks Electronic Reserve Readings. Read the following items which are available at http://ecampus.phoenix.edu or from the Forum page through the Learning Team Toolkit a. Learning Team Handbook b. Guide to Charter c. Learning Team Charter d. Learning Team Log e. Learning Team Evaluation

Participationincluding autobiography

Participate substantively in the Main forum discussions Post your bio info to the Chatroom. As part of your biography, please include specifics of your accounting background as to education and experience. Respond to the Discussion Questions posted by the facilitator.

Ongoing 4 of 7 days Day 4 Day 4

1.75 0.25 2

Discussion Questions Learning Team Instructions

Review the objectives from Week One, and discuss additional insights and questions that may have arisen. Learning Team members will be assigned randomly during Week 1. These teams will work together throughout the course. Get acquainted with your assigned Learning Team. Complete a Learning Team Charter to assist you in this collaboration. For easy reference, post to your LT Forum on or by Day 7.

Individual Owners Equity Paper

Resources: Intermediate Accounting and Electronic Reserve Readings Prepare a 700- to 1,050-word response (be sure to prepare in APA paper format) to the following questions: Why is it important to keep paid-in capital separate from earned capital? As an investor, is paid-in capital or earned capital more important? Explain why. As an investor, are basic or diluted earnings per share more important? Explain why.

Day 6

Syllabus ACC/423 Version 5

Week Two: Investments

Details
Objectives 2.1 Distinguish between debt and equity investments. 2.2 Classify securities as available-for-sale, held-to-maturity, or trading. 2.3 Determine when to use the fair value and equity methods of accounting for investments. 2.4 Prepare journal entries for investments using the fair value and the equity method. 2.5 Distinguish between traditional and derivative financial instruments. Read Ch. 17 of Intermediate Accounting. Review this weeks Electronic Reserve Readings. Participate substantively in the Main forum discussions. Ongoing 4 of 7 days Day 3 Day 6 2

Due

Points

Readings Participation

Discussion Questions Learning Team A Instructions

Respond to the Discussion Questions posted by the facilitator. Collaborate as a team to provide written responses to P16-6. Prepare a 5- to 10-minute oral presentation (use Speakers Notes) accompanied by a 7- to 9-slide Microsoft PowerPoint presentation illustrating your teams solution to the assigned problem.

2 Part of LT Text Grade

Individual Assignments From the Text

Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 15: Exercise E15-13 Ch.15: Exercise E15-18 Ch. 16: Exercise E16-20

Day 6

2 2 2 Day 6

Learning Team Assignments From the Text

Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 15: Problem P15-1 Ch. 16: Problem P16-6 Ch. 16: Problem P16-7 Ch. 16: Concepts for Analysis CA16-4

3 3 3 1 Day 6 0.5

Learning Team Evaluation

Submit your (individual) LT evaluation. Each team member will submit a separate copy to the instructor.

Syllabus ACC/423 Version 5

Week Three: Accounting for Income Taxes

Details
Objectives Readings Participation 3.1 Differentiate between temporary and permanent differences. 3.2 Calculate current and deferred tax assets and liabilities. Read Ch. 19 of Intermediate Accounting. Review this weeks Electronic Reserve Readings. Participate in class discussion. Ongoing 4 of 7 days Day 3 Day 6 2

Due

Points

Discussion Questions Learning Team B Instructions

Respond to the Discussion Questions posted by the facilitator. Collaborate as a team to provide written responses to P17-9. Prepare a 5- to 10-minute oral presentation (use Speakers Notes) accompanied by a 7- to 9-slide Microsoft PowerPoint presentation illustrating your teams solution to the assigned problem.

2 Part of LT Text Grade

Individual Assignments From the Text

Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 17: Question 1 Ch. 17: Question 26 Ch: 17: Exercise E17-1 Ch: 17: Exercise E17-7 Ch: 17: Exercise E17-12

Day 6

1 1 2 2 2 Day 6

Learning Team Assignments From the Text

Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 17: Problem P17-1 Ch: 17: Problem P17-9

3 3 Day 6 0.5

Learning Team Evaluation

Submit your (individual) LT evaluation. Each team member will submit a separate copy to the instructor.

Week Four: Accounting for Pensions and Post-Retirement Benefits

Details
Objectives 4.1 Differentiate between a defined contribution and a benefit plan. 4.2 Determine the components of pension expense. 4.3 Calculate pension liability and expense.

Due

Points

Syllabus ACC/423 Version 5

Readings Participation

Read Ch. 20 of Intermediate Accounting. Review this weeks Electronic Reserve Readings. Participate in class discussion. Ongoing 4 of 7 days Day 3 Day 6 2

Discussion Questions Learning Team C Instructions

Respond to the Discussion Questions posted by the facilitator. Collaborate as a team to provide written responses to P19-2. Prepare a 5- to 10-minute presentation (use Speakers Notes) accompanied by a 7- to 9-slide Microsoft PowerPoint presentation illustrating your teams solution to the assigned problem.

2 Part of LT Text Grade

Individual Assignments From the Text

Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 19: Exercise E19-3 Ch. 19: Exercise E19-6 Ch. 19: Exercise E19-7 Ch. 19: Exercise E19-9

Day 6

2 2 2 2 Day 6

Learning Team Assignments From the Text

Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 19: Problem P19-2 Ch. 19: Problem P19-7

3 3 Day 6 0.5

Learning Team Evaluation

Submit your (individual) LT evaluation. Each team member will submit a separate copy to the instructor.

Week Five: Accounting Changes and Error Analysis

Details
Objectives 5.1 Prepare journal entries associated with changes in accounting principles, reporting entities, and estimates. 5.2 Prepare journal entries associated with changes due to errors. Read Ch. 22 of Intermediate Accounting Review this weeks Electronic Reserve Readings. Participate in class discussion. Ongoing 4 of 7 days 2

Due

Points

Readings Participation

Syllabus ACC/423 Version 5

Discussion Questions Individual Assignments From the Text

Respond to the Discussion Questions posted by the facilitator. Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 20: Question 2 Ch. 20: Question 10 Ch. 20: Exercise E20-7 Ch. 22: Exercise E22-19

Day 3 Day 6

1 1 2 2 Day 6 15

Individual Final Examination

Resource: Intermediate Accounting Click the link to the Final Examination on the student website available from the end of Week Four through the end of Week Five. Complete the Final Examination. You are allowed one attempt to complete the exam, which is timed and must be completed in 3 hours. Results are autograded and sent to your instructor. Note. Final Examination questions are adapted from Intermediate Accounting.

Learning Team Assignments From the Text

Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 20: Problem P20-8 Ch. 22: Problem P22-3

Day 6

3 3 Day 6 Part of LT Text Grade

Learning Team D Problem Presentation

Collaborate as a team to provide written responses to a P20-8. Prepare a 5- to 10-minute presentation (use Speakers Notes) accompanied by a 7- to 9-slide Microsoft PowerPoint presentation illustrating your teams solution to the assigned problem. Submit your (individual) LT evaluation. Each team member will submit a separate copy to the instructor.

Learning Team Evaluation

Day 6

0.5

Copyright
University of Phoenix is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft, Windows, and Windows NT are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Final exams contain third-party copyrighted materials. Portions are: Copyright 2010 University of Phoenix. All rights reserved. Copyright 2010 Wiley & Sons. All rights reserved. Edited in accordance with University of Phoenix editorial standards and practices.