Course AIM 3331.

521 Intermediate Financial Accounting I

Professor Sebahattin Demirkan
Term Summer 2006, Between May18,2006 and July 27,2006
Meetings Thursdays between 6pm and 10pm, SOM2.106

Professor’s Contact Information

Office Phone 972-883-4783
Office Location SOM4.414
Email Address demirkan@utdallas.edu
Tuesdays between 11:00am and 12:30pm
Office Hours
Thursdays between 4:00pm and 5:30pm or by appointment
Class sessions will be a combination of lecture, problem solving and
discussion. Students should bring to each class session a printed copy of
that day’s lecture notes (available on WebCT prior to each class session)
and a basic calculator for in-class problem solving. The material covered
in class will follow the lecture notes and is designed to clarify and
complement the text material. I recommend reading the assigned chapter
material and submit group assignments prior to the class session. The
“SCHEDULE OF CLASSES AND EXAMS” lists the assigned material
for each class session. Solutions to the group assigned problems will be
Other Information available on WebCT after the submission due date. Problems contained
in the lecture notes and solved in class will not be available electronically.
Please note it is YOUR RESPONSIBILITY to read the syllabus, fully
understand all the requirements, and check your WebCT thoroughly
and regularly to keep track of all the important dates and requirements.
Scholastic dishonesty will not be tolerated. Students who violate the
University of Texas at Dallas’ rules on scholastic dishonesty will be
subject to disciplinary penalties, including the possibility of failure in the
course and/or dismissal from the University. University policies will be
strictly enforced as explained below.

General Course Information

Pre-requisites, Co-
AIM 2301, AIM 3320, MATH 1326,
requisites, & other
MATH 2333
restrictions
AIM 3331 Intermediate Financial Accounting I (3 semester hours) is
study of external financial reporting, including measuring and reporting of
cash, receivables, inventories, property, plant and equipment, and
intangibles. Financial statement presentation issues are analyzed to gain
Course Description an appreciation for the impact of generally accepted accounting principles
(GAAP) on business decisions. The course will cover the basic theoretical
concepts, standards, principles and procedures underlying GAAP.
Financial reporting will be explored from the perspective of financial
statement preparers and users.

Learning Outcomes When you have completed this course, you will be able to prepare, read,
analyze and use financial statement information.

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 Required Texts & Kieso, Weygandt and Warfield
Materials Intermediate Accounting,
Updated Eleventh Edition, Wiley Custom Services 2005
ISBN 0-471-75358-0
(This is a custom text covering Chapters 1-12, 17 and 18)

Suggested Texts, Intermediate Accounting with Coach CD-ROM, PowerWeb: Financial

Readings, & Accounting, Alternate Exercises & Problems, and Net Tutor (Hardcover)
Materials by J. David Spiceland, James Sepe, Lawrence A. Tomassini

Assignments & Academic Calendar

Date Lecture Topic Reading * Group assigned Problems**

May 18, 2006 Introduction

Accounting Standards Chapter 1 and BE2-4, BE2-5, BE2-6

and Conceptual Chapter 2 E 2-4 (Due May 25th, 2006)
Framework

May 25, 2006 The Accounting Cycle Chapter 3 BE3-1, BE3-2, BE3-12
E 3-6, E3-7, E3-10 (Due June 1st)

The Income Statement Chapter 4 and UP BE4-4, BE4-5, E4-2, P4-7

pages 38-43 (Due June 1st, 2006)

June 1, 2006 The Balance Sheet and Chapter 5 E5-8, E5-11, E5-13, P5-2
Statement of Cash (Due June 8th, 2006)
Flows

Revenue Recognition Chapter 18 BE18-2, BE18-3, BE18-4, E18-4,

P18-6, P18-7 (Due June 8th, 2006)

June 8, 2006 Revenue Recognition Chapter 18 (cont.) BE18-7, BE18-10, E18-13

(Due June 15th, 2006)

June 15, 2006 Midterm Exam Chp 1,2, 3, 4, 5, 18

Receivables Chapter 7 (pages BE 7-6, BE 7-7 E7-5, E7-7, E7-8,
313-331) P7-3, P7-8 (Due June 22nd, 2006)

June 22,2006 Inventory Chapter 8 and UP E8-2, E8-6, E8-9, P8-6

pages 43-44 (Due June 29th, 2006)

June 29, 2006 Inventory (continued), Chapter 8 (cont.) BE8-9, E8-23, E8-26, P8-8
Lower of cost or and Chapter 9 BE9-1, BE9-2, E9-4
market (pages 421-429) (Due July 6th, 2006)

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June 29, 2006 Property Plant and Chapter 10 (pages BE10-6, E10-2, E10-4, E10-7, E10-
Equipment 469-482), UP pages 8 E10-14, E10-23, E10-25, UE10-1,
1-6 and Chapter 10 UE10-2 (Due July 6th, 2006)
(pages 487-495)

July 6, 2006 Depreciation and Chapter 11(pages E11-1, E11-3, E11-5, E11-11 E11-
Impairments 519-536) 16, E11-17 (Due July 13th )

July 13, 2006 Intangibles and Chapter 12 and BE12-6, BE12-7, BE12-10, BE12-
Computer Software Chapter 12 11, BE12-13,E12-11, E12-17, E12-
Costs Appendix 18, P12-5 (Due July 20th)

July 20, 2006 Investments Chapter 17 BE17-5, BE17-6, E17-3, E17-8,

E17-14, E17-13, E17-16 (You do
not need to turn the solutions of
these problems, but highly
recommended for the Final Exam)

July 27, 2006 Final Exam and Ch 7, 8, 9, 10, 11,

Make-up exam for the 12 and 17
Midterm Exam

* “UP” pages are the updated text pages found at the front of the textbook.
**Group assigned problems are end of chapter brief exercises, exercises and problems. The
solutions to these problems are available on WebCT after the submission. Please submit your
solutions with your groups name and members prior to the class start. Groups will be formed at
the beginning of class and maximum number of members allowed for a group is 5 people.

Course Policies
The course grade will be based on your performances on the:
Group assignment 20% (There are total 10 group assignments as shown
above detailed schedule),
Peer evaluation 10% (peer evaluation sheet is at the end of this syllabus),
Class participation 5%,
Midterm Exam 30%
Final Exam 35%.
Scores on exams will be curved, if necessary, to achieve an appropriate
Grading (credit)
distribution of grades. All exam grading disputes must be submitted in
Criteria
writing to the course Professor within one week of the exam’s return, and
the dispute will be resolved within the next week.
A(+): 97 and up; A: 94-96; A(-): 90-93
B(+): 87-89; B: 84-86; B(-): 80-83
C(+): 77-79; C: 74-76; C(-): 70-73
D(+): 67-69: D: 64-66; D(-): 60-63
F: Below 60

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 Make-up Exams There are no excused absences from the exams without a written excuse
from a doctor or the academic dean. If there is a serious scheduling
conflict, it is your responsibility to let the instructor know well in
advance. The make-up exams will be at the same date as Exam III.
Extra Credit No extra credit
No late assignments are accepted. The solutions submission for assigned
group homework is due at the beginning of the class. I will not accept
papers sent by e-mail either. Every assignment has been provided for you
well in advance, so no excuse will be considered. If you are going to be
Late Work
absent, please make arrangements to have your paper turned in at the
beginning of the class by someone else in your group. Due dates are
provided in above schedule.

Special
There are group assigned problems for the lectures
Assignments
Class attendance is highly recommended to understand the subjects
Class Attendance
properly. You will not get extra credit by attending classes.
Respect your fellow students – unless there is an emergency, please turn
Classroom off cell phones and try to be on time. Limit the use of laptop computers in
Citizenship the classroom. The classroom is for learning and discussing – not web
browsing, instant messaging and/or answering email, etc
Field Trip Policies There is no field trip for this class.

The University of Texas System and The University of Texas at Dallas

have rules and regulations for the orderly and efficient conduct of their
business. It is the responsibility of each student and each student
organization to be knowledgeable about the rules and regulations which
govern student conduct and activities. General information on student
conduct and discipline is contained in the UTD publication, A to Z Guide,
which is provided to all registered students each academic year.

The University of Texas at Dallas administers student discipline within

the procedures of recognized and established due process. Procedures are
defined and described in the Rules and Regulations, Board of Regents,
Student Conduct The University of Texas System, Part 1, Chapter VI, Section 3, and in
and Discipline Title V, Rules on Student Services and Activities of the university’s
Handbook of Operating Procedures. Copies of these rules and
regulations are available to students in the Office of the Dean of Students,
where staff members are available to assist students in interpreting the
rules and regulations (SU 1.602, 972/883-6391).

A student at the university neither loses the rights nor escapes the
responsibilities of citizenship. He or she is expected to obey federal,
state, and local laws as well as the Regents’ Rules, university regulations,
and administrative rules. Students are subject to discipline for violating
the standards of conduct whether such conduct takes place on or off
campus, or whether civil or criminal penalties are also imposed for such
conduct.

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Academic Integrity The faculty expects from its students a high level of responsibility and
academic honesty. Because the value of an academic degree depends
upon the absolute integrity of the work done by the student for that
degree, it is imperative that a student demonstrate a high standard of
individual honor in his or her scholastic work.

Scholastic dishonesty includes, but is not limited to, statements, acts or

omissions related to applications for enrollment or the award of a degree,
and/or the submission as one’s own work or material that is not one’s
own. As a general rule, scholastic dishonesty involves one of the
following acts: cheating, plagiarism, collusion and/or falsifying academic
records. Students suspected of academic dishonesty are subject to
disciplinary proceedings.

Plagiarism, especially from the web, from portions of papers for other
classes, and from any other source is unacceptable and will be dealt with
under the university’s policy on plagiarism (see general catalog for
details). This course will use the resources of turnitin.com, which
searches the web for possible plagiarism and is over 90% effective.

The University of Texas at Dallas recognizes the value and efficiency of

communication between faculty/staff and students through electronic
mail. At the same time, email raises some issues concerning security and
the identity of each individual in an email exchange. The university
encourages all official student email correspondence be sent only to a
student’s U.T. Dallas email address and that faculty and staff consider
Email Use email from students official only if it originates from a UTD student
account. This allows the university to maintain a high degree of
confidence in the identity of all individual corresponding and the security
of the transmitted information. UTD furnishes each student with a free
email account that is to be used in all communication with university
personnel. The Department of Information Resources at U.T. Dallas
provides a method for students to have their U.T. Dallas mail forwarded
to other accounts.

The administration of this institution has set deadlines for withdrawal of

any college-level courses. These dates and times are published in that
Withdrawal from semester's course catalog. Administration procedures must be followed. It
Class is the student's responsibility to handle withdrawal requirements from any
class. In other words, I cannot drop or withdraw any student. You must do
the proper paperwork to ensure that you will not receive a final grade of
"F" in a course if you choose not to attend the class once you are enrolled.

Procedures for student grievances are found in Title V, Rules on Student

Services and Activities, of the university’s Handbook of Operating
Procedures.
Student Grievance
Procedures
In attempting to resolve any student grievance regarding grades,
evaluations, or other fulfillments of academic responsibility, it is the
obligation of the student first to make a serious effort to resolve the matter
with the instructor, supervisor, administrator, or committee with whom

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 the grievance originates (hereafter called “the respondent”). Individual
faculty members retain primary responsibility for assigning grades and
evaluations. If the matter cannot be resolved at that level, the grievance
must be submitted in writing to the respondent with a copy of the
respondent’s School Dean. If the matter is not resolved by the written
response provided by the respondent, the student may submit a written
appeal to the School Dean. If the grievance is not resolved by the School
Dean’s decision, the student may make a written appeal to the Dean of
Graduate or Undergraduate Education, and the deal will appoint and
convene an Academic Appeals Panel. The decision of the Academic
Appeals Panel is final. The results of the academic appeals process will
be distributed to all involved parties.

Copies of these rules and regulations are available to students in the

Office of the Dean of Students, where staff members are available to
assist students in interpreting the rules and regulations.

As per university policy, incomplete grades will be granted only for work
unavoidably missed at the semester’s end and only if 70% of the course
work has been completed. An incomplete grade must be resolved within
Incomplete Grades
eight (8) weeks from the first day of the subsequent long semester. If the
required work to complete the course and to remove the incomplete grade
is not submitted by the specified deadline, the incomplete grade is
changed automatically to a grade of F.

The goal of Disability Services is to provide students with disabilities

educational opportunities equal to those of their non-disabled peers.
Disability Services is located in room 1.610 in the Student Union. Office
hours are Monday and Thursday, 8:30 a.m. to 6:30 p.m.; Tuesday and
Wednesday, 8:30 a.m. to 7:30 p.m.; and Friday, 8:30 a.m. to 5:30 p.m.

The contact information for the Office of Disability Services is:

The University of Texas at Dallas, SU 22
PO Box 830688
Richardson, Texas 75083-0688
(972) 883-2098 (voice or TTY)

Disability Services Essentially, the law requires that colleges and universities make those
reasonable adjustments necessary to eliminate discrimination on the basis
of disability. For example, it may be necessary to remove classroom
prohibitions against tape recorders or animals (in the case of dog guides)
for students who are blind. Occasionally an assignment requirement may
be substituted (for example, a research paper versus an oral presentation
for a student who is hearing impaired). Classes enrolled students with
mobility impairments may have to be rescheduled in accessible facilities.
The college or university may need to provide special services such as
registration, note-taking, or mobility assistance.

It is the student’s responsibility to notify his or her professors of the need

for such an accommodation. Disability Services provides students with
letters to present to faculty members to verify that the student has a

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 disability and needs accommodations. Individuals requiring special
accommodation should contact the professor after class or during office
hours.

The University of Texas at Dallas will excuse a student from class or

other required activities for the travel to and observance of a religious
holy day for a religion whose places of worship are exempt from property
tax under Section 11.20, Tax Code, Texas Code Annotated.

The student is encouraged to notify the instructor or activity sponsor as

soon as possible regarding the absence, preferably in advance of the
assignment. The student, so excused, will be allowed to take the exam or
complete the assignment within a reasonable time after the absence: a
period equal to the length of the absence, up to a maximum of one week.
Religious Holy A student who notifies the instructor and completes any missed exam or
Days assignment may not be penalized for the absence. A student who fails to
complete the exam or assignment within the prescribed period may
receive a failing grade for that exam or assignment.

If a student or an instructor disagrees about the nature of the absence [i.e.,

for the purpose of observing a religious holy day] or if there is similar
disagreement about whether the student has been given a reasonable time
to complete any missed assignments or examinations, either the student or
the instructor may request a ruling from the chief executive officer of the
institution, or his or her designee. The chief executive officer or designee
must take into account the legislative intent of TEC 51.911(b), and the
student and instructor will abide by the decision of the chief executive
officer or designee.
Off-campus, out-of-state, and foreign instruction and activities are subject
to state law and University policies and procedures regarding travel and
Off-Campus
risk-related activities. Information regarding these rules and regulations
Instruction and
may be found at
Course Activities
http://www.utdallas.edu/BusinessAffairs/Travel_Risk_Activities.htm.
Additional information is available from the office of the school dean.

These descriptions and timelines are subject to change at the discretion of the Professor.

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 Peer Evaluation Sheet

Team Name ______________

Name __________________________

Name Self
Score
(1-5)*
Reasons

Members will assess each other (as well as themselves) on their contribution to the group in
preparing the solutions for assigned group problems, attendance at meetings, timely
contribution to individually assigned tasks, and overall performance. You can assign 1 (very
unsatisfactory) – 2 (unsatisfactory) – 3 (neither satisfactory nor unsatisfactory) 4
(satisfactory) – 5 (very satisfactory). The average score of an individual will be multiplied by
2 in order to get score over 10.

• Be objective in evaluating other members in your group and specify reasons.

• The evaluation should be turned in on the day of the final exam.
• If one fails to turn in the peer evaluation sheet, then everybody in the team gets 3..