Intermediate Accounting II

4 Credits
ACCT 3020 Section 01
M-W-F from 10:20 11:20 a.m.
Spring 2015
East Hall, Room 4
HSB Mission Statement
The Hamline School of Business is an inclusive community dedicated to the professional and personal
development of our students, faculty and staff and to the advancement of the common good. We achieve
our mission through teaching excellence, the integration of theory and practice, and the engagement of our
stakeholders to address complex issues facing the business, government and non-profit sectors. We see our
mission firmly rooted within the values of the Hamline University.

Instructor: Nancy Webber, MBT, CPA

Contact Information: nwebber01@hamline.edu
Office Hours: M-W-F 11:30 to 12:30 p.m. in GLC 230W; other times by appointment.
Required Text and Learning Materials: Intermediate Accounting Kieso, Weygandt, Warfield (15e)
ISBN: 978-1-118-14727-6
Course Description
Building on the knowledge students gained in Intermediate I, this second course in a two part
sequence focuses on the liability and shareholders equity side of the balance sheet. Topics include
current liabilities, bonds, leases, deferred taxes, pensions and stock options, as well as an in-depth
look at the statement of cash flows.
Course Overview
Students find this a challenging accounting course but they are exposed to topics not yet encountered
in their accounting curriculum. Furthermore, the GAAP rules are complex. However, at the end of
the day it all comes back to cash, and the final two weeks of the semester are spent exclusively on
the statement of cash flows. This final topic tests students entire knowledge of financial accounting
(including Intermediate Accounting I topics), and will expose any weaknesses therein.

ACCT 1320 Managerial Accounting Webber Page 2 of 8

Student Learning Outcomes

As part of an ongoing process, the Hamline School of Business is assessing various aspects of student learning
to help improve our undergraduate majors, concentrations and minors. If the outcomes for this class are
assessed during this semester, this assessment may be done by the course instructor and/or guest faculty.
This assessment will not impact your grade for the course. Your grade is calculated based on the grading
structure contained in the course syllabus. HSB will not be looking at your individual performance but will
instead be analyzing the overall performance of its students, to identify potential program improvements.
Your instructor will provide you with the assessment rubric that will be used to evaluate student work so that
you are aware of what is being assessed.

A Hamline graduate will be able to:

serve, collaborate, and lead in a community
solve problems in an innovative, integrative, analytical, and ethical way
work and create understanding across cultural differences locally, nationally, and internationally
use information and technology competently and responsibly
communicate effectively in writing and in speaking
apply theories and methods of a field of expertise
engage independently and reflectively in lifelong learning
An HSB BBA undergraduate will be able to:

write professional documents

deliver professional formal presentations
understand core concepts and demonstrate knowledge in accounting, business law,
economics, finance, management, marketing and quantitative business analysis
demonstrate proficiency in using analytical software tools
use appropriate methodology to analyze and synthesize data

ACCT 1320 Managerial Accounting Webber Page 3 of 8

The course learning outcomes connect to the learning outcomes of our school and university:
Hamline School of
Business graduates
will:

A Hamline
graduate will be
able to:

The learning outcomes for

this course are to help you:

Applications and
Assessment

Possess strong critical

thinking and problemsolving skills.
Specifically, students
will use appropriate
methodology to
analyze and
synthesize data.

Solve problems in
an innovative,
integrative,
analytical,
and ethical ways.

Explain the basic issues

related to current liabilities
and contingencies.

Formal assessment of
student learning is not
conducted in this class.

Apply the methods of bond

discount and premium
amortization, plus the
extinguishment of debt.
Identify the key components
of stockholders equity.
Understand the controversy
involving stock
compensation plans.
Account for the differences
between pretax financial
income and taxable income
including NOLs.
Prepare a pension
worksheet.
Contrast operating and
capital leases from lessee
and lessor perspective.

Have the ability to use

state of the art
technology within
their professions.
Specifically, students
will demonstrate
proficiency in using
analytical software
tools.

Use of
information and
technology
competently and
responsibly.

Prepare the statement of

cash flows using direct and
indirect method.

ACCT 1320 Managerial Accounting Webber Page 4 of 8

Be effective
communicators in
professional settings
(both in writing and
presentational
speaking).
Understand concepts
and demonstrate
knowledge in core
areas of their field of
study.

Communicate
effectively in
writing and in
speaking.
Apply theories
and methods of a
field of expertise.

Prepare and interpret high

level financial statements.

Attendance Policy
Class attendance is required. At the end of the semester, if a student is on a borderline between
grades, attendance will be considered when deciding the final grade. In addition, if a students quiz
scores are low, but the student demonstrates a mastery of the material by scoring significantly better
on the final exam, the students improvement will also be considered in determining the final grade.
Homework:
Although homework does not formally enter into your grade, it is virtually impossible to do well in
accounting without working and understanding the end of chapter exercises and problems.
Furthermore, Wiley-Plus is not a requirement of this course. Given that all exams are free-hand
computation, the best preparation for an exam is to work as many problems by hand. To get the most
out of the lectures, you should have completed the reading and attempted to work end of chapter
problems before coming to class.
Grading:

There is no extra credit available in this class.

Total points will be as follows:
Exams (6 @ 75 points each)
Comprehensive Final Exam

450
250

ACCT 1320 Managerial Accounting Webber Page 5 of 8

Evaluation and Grading

Students final grade will be determined based on total points earned. All points are weighted
equally. The median grade in the class is a B.
Class Tutor:
Availability of accounting tutors is posted the basement of Bush Library. Please do not use this
service as a quick fix before the final exam. If you are struggling with the material, it is advised
that you see the instructor on a regular basis during office hours.
Course Policies:

Students missing an exam or the final will receive a zero on the exam unless they have
documented evidence that they missed the exam for legitimate reasons. Prior
arrangements can be made to take the exam earlier than the scheduled date, but no
make-up exams will be given. If a student misses up to two of the six exams and has an
authorized absence, the student will receive 80% of the average on the other four exams.
Missing more than two exams, or the final, will result in an automatic failure of the
course.

If you feel a mistake has been made in grading your exams, resubmit the exam to the
instructor within two class sessions of the time the exam was returned to you. Otherwise, no
re-grading will be performed.

A grade of I (Incomplete) for the course will only be given if, due to extraordinary
circumstances (e.g. hospitalization), you are unable to take the final exam or missed more
than one midterm, and you have a passing grade on the quizzes and midterm(s). An
Incomplete requires a written agreement between the instructor and the student specifying the
time and manner in which the student will complete the course requirements during the
students next term of enrollment.

A simple 4-function calculator will suffice; financial calculators are also acceptable.
Calculators that have the capability to store text are not allowed to be used. Cellular phones
may NOT be used as a calculator. During exams, all cell phones and portable media
players must be kept in the backpacks or carrying cases that are placed on the floor.

ACCT 1320 Managerial Accounting Webber Page 6 of 8

Tentative Course Calendar*

*The instructors reserve the right to alter course content and/or adjust the pace to accommodate class
progress. Students are responsible for keeping up with all adjustments to the course calendar.

Date

Chapter

Suggested Problems/Exams

2/4

Ch. 13: Current Liabilities

E13-13, 14, 16, 18

2/6

Ch. 13: Current Liabilities

P13-2, 5, 7, 8, 10, 12

2/9

Ch. 13: Current Liabilities

2/11

Ch. 14: Long-term Liabilities

2/13

Ch. 14: Long-term Liabilities

E14-5, 7, 8, 9, 12

2/16

Ch. 14: Long-term Liabilities

P14-2, 4, 5, 6, 10, 11, 13

2/18

Ch. 14: Long-term Liabilities

2/20

Midterm #1A

Chapters 13 and 14

2/23

Appendix 14A: Troubled Debt

P14-12, 13, 14

2/25

Appendix 14A: Troubled Debt

E14-21,22, 24, 26, 27

2/27

Ch. 15: Stockholders Equity

3/2

Ch. 15: Stockholders Equity

3/4

Ch. 15: Stockholders Equity

E15-3, 4, 6, 8, 10, 11, 12, 14, 15,

16
P15-3, 4, 5, 7, 10, 12

3/6
3/9

Midterm #1B
Ch. 21: Leases

Chapters 14A and 15

E21-3, 4, 6, 7, 8, 12, 15, 16

3/11

Ch. 21: Leases

3/13

Ch. 21: Leases

3/16

Ch. 21: Leases

3/18

Ch. 21: Leases

3/20

Midterm #2A

P21-2, 3, 4, 6, 8, 10, 13, 16

Chapter 21

ACCT 1320 Managerial Accounting Webber Page 7 of 8

3/23

Ch. 20: Pensions

E20-2, 3, 5, 7, 8, 10, 12, 13, 14, 16

3/25

Ch. 20: Pensions

P20-2, 3, 5, 6, 8, 9, 11

3/27

Ch. 20: Pensions

4/6

Ch. 20A: Post-Retirement

Benefits
Ch. 16: Dilutive Securities and
Earnings Per Share
Ch. 16: Dilutive Securities and
Earnings Per Share

4/8
4/10

4/13
4/15

Ch. 16: Dilutive Securities and

Earnings Per Share
Midterm #2B

4/17

Ch. 19: Income Taxes

4/20

Ch. 19: Income Taxes

4/22

Ch. 19: Income Taxes

4/24

Ch. 19: Income Taxes

4/27

Ch. 19: Income Taxes

4/29

Midterm #3A

5/1

Ch. 23: Statement of Cash

Flows

5/4

5/8

Ch. 23: Statement of Cash

Flows
Ch. 23: Statement of Cash
Flows
Ch. 23: Statement of Cash Flow

5/11

Ch. 23: Statement of Cash Flow

5/13

Ch. 23: Statement of Cash Flow

5/15

Midterm #3B

5/6

E20-19, 20, 22, 23; P20-13, 14

E16-2, 5, 8, 10, 12, 15, 18, 20, 24
P16-1, 3, 6, 7, 8, 9

Chapters 16, 20 (includes OPEB)

E19-2, 4, 7, 9, 10, 11, 13, 15, 18,
24

P19-2, 3, 4, 5, 6, 8, 9

Chapter 19

Recommended to work ALL the

end of chapter exercises and
problems, because you can never
work too many Statement of
Cash Flow problems.

Chapter 23

Final Exam: Tuesday, May 20 from 10 a.m. to noon, East Hall, Room 4

ACCT 1320 Managerial Accounting Webber Page 8 of 8

Course Evaluation
As a research and learning community, Hamline School of Business is committed to continuous
improvement. The faculty strongly encourages students to provide complete and honest feedback
for this course. Please take this activity seriously because we depend on your feedback to help us
improve so you and your colleagues will benefit. Information on how to complete the evaluation
will be provided towards the end of the course.
Disability Services
Students who have documented disabilities that may affect their work in the course and are
registered with HU Disability Services should inform the instructor by no later than the end of the
second week of the course so that appropriate course adjustments can be made. The sooner you
inform your instructor(s) about the need for accommodations the easier it is to make appropriate
adjustments in course materials. Please note that appropriate accommodations begin once the
instructor(s) have received official notification and will not necessarily be applied retroactively. For
more information about university policies and services regarding students with disabilities, please
visit http://www.hamline.edu/disabilities/.
Important Academic Policies and Services
Honor Code
Statement of Diversity and Inclusion
Undergraduate Tutoring
Writing Center
Inclement Weather Policy
Students are strongly encouraged to consult Hamline University Policies at
http://www.hamline.edu/policies/, the Academic Bulletin at http://bulletin.hamline.edu/ and the
Center for Academic Services at http://www.hamline.edu/offices/academic-services/ for detailed
information regarding the above items.