Download - San Diego State University

Updated 1/20/2014
SAN DIEGO STATE UNIVERSITY
CHARLES W. LAMDEN SCHOOL OF ACCOUNTANCY
Integrative Accounting Topics II (ACCOUNTING 322)
Section 01: Monday 9:00 ~11:40 EBA 345
Section 02: Monday 13:00 ~15:40 EBA 345
Section 03: Monday 19:00 ~21:40 EBA 345
SPRING 2014
PROFESSOR:
Gun Joh, Ph.D.
GRADUATE ASST:
OFFICE:
TELEPHONE:
E-MAIL:
Lydia Wu
SS 2437
(619) 594-2716
[email protected]
OFFICE HOURS:
Tuesdays, 13:00 to 14:00 and by appointment
REQUIRED TEXT:
Dr. Gun Joh (Course Note Packet) ISBN 978-0-7442-4499-1 available at
the Bookstore
Spiceland, Sepe, Nelson and Nelson, Intermediate Accounting, 7th
edition (McGraw Hill Irwin, 2011)
Hoyle, Schaefer and Doupnik, Advanced Accounting, (Course Reader
ONLY) based on 10th edition (McGraw-Hill, 2013)
Gleim CPA Review (Financial Accounting)
Blackboard: Please check Blackboard regularly for recent posting and/or
assignments and to download any required course documents because I
will use Blackboard extensively.
Student Learning Objectives (SLOs)
At the end of this course students should be able to:
1. Assess how financial accounting standards (GAAP and IFRS) affect both reporting decisionmaking and financial information users’ evaluation using critical thinking and analytical
tools.
2. Evaluate equity capital distribution decisions utilizing financial statements such as analyzing
the impact of stock dividends and stock splits on paid-in capital and earned capital (ASC
Codification Topic 505).
3. Discuss complex equity financing structure and calculate primary and diluted earnings per
share (ASC Codification Topic 260).
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4. Explain reporting and evaluating incentive stock options and stock compensation including
two popular models: Black-Scholes and Binomial models. (ASC Codification Topics: 505,
718 and IFRS 2)
5. Describe accounting rules, method, and reports for deferred taxes including calculation of
taxable temporary differences including tax loss carry-forwards and general business credits
and review of deferred tax assets for valuation account. (ASC Codification Topics 740-10
and 740-30).
6. Explain balance sheet and income statement implications of pension and post-retirement
benefit rules and prepare formal journal entries for pension activity (ASC Codification
Topic 715-30).
7. Explain and differentiate the accounting and reporting for debt and equity investments
(ASC Codification Topics: 320, 323 and 325).
8. Prepare and analyze consolidated financial statements on acquisitions and after the date of
acquisition using consolidation worksheet (ASC Codification Topic 805).
9. Execute formal impairment test and explain the accounting for in-process-research-anddevelopment (ASC Codification Topics: 350, 810 and IFRS 3).
PRACTICE PROBLEMS AND EXERCISES AND GLEIM MULTIPLE-CHOICE:
The exercises and problems at the end of each chapter provide you with the opportunity to
test your understanding of the topic. I strongly suggest that you attempt to do the homework
problems before we discuss the material in class and then re-do the homework again after class.
Keeping up with the assignments is critical to your success in this course. Working problems
together in groups is an excellent way to reinforce the concepts too. Work each question without
relying on the answer and attempt to understand every step required to derive the correct answer.
Failure to work the Gleim problems may result in sub-optimal performance on the multiple-choice
portion of the exams.
TWO MID-TERM EXAMS AND FINAL EXAM:
Two full period midterm exams and one final exam will be given. Examinations will consist
of multiple choice questions, exercises, problems, and short-answer essay questions. Generally, all
examinations are “closed book.” There will be no make-up examinations for all examinations.
Students who cannot take an examination due to illness or other approved reasons will have the
weight for that examination added to the weight given to the final examination. A make-up final
examination will be administered in accordance with University policies.
* Programmable calculators or smart phones cannot be used during examinations. If in
doubt, please check with the professor before the examination. The dates for the examinations are
indicated in the course outline. All students are responsible for verifying the time, date and location
of the final exam.
QUIZZES
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Three quizzes will be given on the designated dates. Each quiz consists of multiple-choice
and short-answer or one big problem. When a quiz is given at the beginning of class, late arrivals
will not be given ANY extra time to complete the quiz and no makeup quiz will be offered. From
time to time, unannounced quizzes may be administered (Pop-up Quizzes) if the majority of the
class seem unprepared for weekly lectures at the professor’s decision. Any such pop-up quizzes, if
any, will count towards your final quiz grade as indicated in the grading policy below. The format
of all quizzes/exams is at the sole discretion of the instructor. Generally, there will be BOTH an
individual and group quiz administered. Individual quizzes will be weighted double the group
portion of the quiz. Students who MISS ONLY one quiz during the semester can take the LOWER
of their average or the class average on the missed quiz, but only if you have just ONE missed quiz.
Students who are absent for the individual quiz will automatically be assigned a zero on the group
portion of the quiz regardless if they are present just for the group quiz. IN SUMMARY, YOU
MUST BE PRESENT AND TAKE THE INDIVIDUAL QUIZ TO RECEIVE A GRADE ON
THE GROUP PORTION.
GROUP CASE/PROJECT GROUP EVALUATION:
Each group member will evaluate the efforts of all other group members and the results of
this performance review may result in a substantial grade reduction for any group member that
doesn’t materially participate in the group project. Please carry your weight in your groups or risk
having your grade reduced considerably.
INDUSTRY PRACTICE PROBLEMS
One Industry Cases will be assigned over the course of the semester. The IPP will contain a short
fact pattern and will pose both qualitative and quantitative analyses. Qualitative may involve basic
research or reviewing company disclosures, press releases etc. Quantitative may involve
demonstrating knowledge and an understanding of the economic impact of management’s actions
and/or inaction. Use of excel spreadsheets that are logical and useful are suggested.
Homework
Generally, one practice problem homework set will be assigned for each chapter covered
throughout the course. Each student is responsible for accessing the homework via connect via the
electronic link provided on blackboard. All students are encouraged to complete the homework
assignment as soon possible, but in any event no later than 6am on our weekly lecture day. Failure
to complete the homework by this time will result in zero on that assignment. All section’s
homework are due by 9AM—NO EXCEPTIONS. Homework will be graded on a credit/no credit
basis. If you receive 80% or higher from an assignment, you will get a credit for it. However, in
instances when you do not submit more than or equal to 10% of all assignments, the professor
MAY allocate a NO CREDIT grade. Students are encouraged to take their time completing ALL
weekly homework assignments and to score as high as possible.
Class and Grading Policy:

You are expected to attend every class. Attendance and class participation DO NOT
count towards your final grade but will ensure that you can pass my quizzes, exams and
projects. Failure to attend class will result in your finding it very difficult to do well in
the class. Use of laptops and mobile devices during class are strictly prohibited. You can
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use your laptop ONLY if you’re reviewing course material in word, excel or powerpoint
that I posted online.

Read each chapter before it is discussed in class.

Clicking a chapter topic on syllabus can download lecture slides before each class
session.

Solutions for the select homework will be posted on blackboard. Please attempt all
homework questions before the class in which the content will be covered.

Class lecture time will be limited and interactive group work will serve as the primary
learning tool. This requires students to work comprehensive problems in class and to
think independently. Failure to take the class problems seriously will result in a difficult
time passing quizzes and major exams.

If you miss class for any reason, it is your responsibility to get the lecture notes from a
fellow student.

Generally, you cannot improve your grade through “extra credit”, but academic help is
available by forming your own study groups, or by making an appointment to see the
instructor before or after class. Finally, you can seek help via Beta Alpha Psi’s tutoring
service. Please visit bay.sdsu.edu.

There will be no make-up exams or quizzes without a doctor’s note.

If your work is incomplete at the end of the semester, you will receive a grade of TF
until you clear up the matter with the professor.


Academic Integrity (URGENT PLEASE READ)
The SDSU Standards for Student Conduct (http://www.sa.sdsu.edu/srr/conduct1.html)
states that unacceptable student behavior includes “cheating, plagiarism, or other forms
of academic dishonesty that are intended to gain unfair academic advantage.”
Unprofessional conduct adversely impacts your fellow students, the accounting faculty,
the School of Accountancy, SDSU, and the accounting profession. The School of
Accountancy takes academic honesty very seriously and vigorously enforces university
policy related to any such infractions. As such, any student suspected of academic
dishonesty will be reported to the SDSU Center for Student Rights and Responsibilities;
if found responsible for academic dishonesty, the student will receive an F in ACCTG
322.
The answers to full-period tests will be briefly and selectively discussed in class. You
can review your final exam by making an appointment with the instructor after the end
of the semester. Your exams will be kept on file for one year.
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GRADING (ALL FINAL GRADES WILL BE STANDARDIZED TO A CONSISTENT
MEAN AND STANDARD DEVIATION AT THE END OF THE SEMESTER):
Your course grade will be determined as follows:
Three Examinations:
Two Midterms (20% each)
Final Exam
Quizzes (NO MAKEUPS)
Industry Cases
Assignments
40%
30%
15%
10%
5%
Your final course grade will be a combined grade based on your performance in both financial
accounting (FA) and accounting information systems (AIS). For FA, your score will be calculated
as a weighted-average of all assignments (using the weights above). For FA, your final weighted
average raw percentage will NOT be calculated based on points. I DO NOT USE POINTS. I will
post an excel template from which you can enter all relevant grade information to estimate your
final weighted average raw score for the FA portion of the course ONLY.
Your weighted average raw scores will be combined for both sections of Accounting 322. This
combined weighted average raw score will serve as the basis from which to determine your final
letter grade for Accounting 322. YOU MUST PASS BOTH SECTIONS TO RECEIVE A
PASSING GRADE FOR THE COURSE.
Generally, depending on the performance of the class for the semester your final combined
weighted average raw score will be converted to a standardized scale of (0-100%) using a
consistent mean and standard deviation as determined appropriate and necessary for the
semester.
**Curving is not guaranteed and is at the sole discretion of the professors. So, please attempt
to maximize all possible points.**
BLACKBOARD IS NOT AN OFFICAL SOURCE FOR GRADES AND THE ONLY
OFFICIAL SOURCE IS THE FINAL GRADE THAT APPEARS ON YOUR OFFICIAL
STUDENT TRANSCRIPT.
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Monday Sections: Accounting 322 – Summary of Assignments (Spring 2014)
Date
Class
Jan. 27
1
Feb. 3
2
Feb. 10
3
Feb. 12
4
Feb. 24
Chapter & Topic
Readings
Course Introduction/
Lecture Investments
Investments (con’t)
Stockholders’ Equity
Stockholders’ Equity (con’t)
SP: Ch. 12
SP: Ch. 18
5
Stockholders’ Equity (con’t)
Quiz #1 (Ch. 12 and 18)
Share-Based Compensation
Mar. 7
6
Group Midterm (Chapters 12, 18 and 19)
Mar. 10
7
Mar. 17
Exercises
Problems
Connect/
Learnsmart
Connect
SP: Ch. 18
SP: Ch. 18
Connect
SP: Ch. 19
E4, E7, E28
P2, P3, P6
Learnsmart
Earnings Per Share (EPS)
SP: Ch. 16
E15, E17
Learnsmart
8
Deferred Taxes (con’t)
SP: Ch. 16
(con’t.)
E16, E22
P9, P14,
P20
P3, P7, P10
Mar. 24
9
Deferred Taxes (con’t)
SP: Ch. 16
(con’t.)
E16, E22
P3, P7, P10
Apr. 11
10
Group Midterm (Chapters 12, 18 and 19)
Apr. 14
11
Pensions & Postretirement Benefits
SP: Ch. 17
Learnsmart
Apr. 21
12
SP: Ch. 17
Connect
Apr. 28
13
Pensions & Postretirement Benefits (Con’t)
Quiz #2 (Chapters 16 and 17 of SP)
Equity Method— (SKIP: Elimination of Unrealized Profits
in Inventory) (Covered already Chapter 12: Spiceland, so
we will move quickly)
Consolidation on Acquisition
HSD: Ch.3
May 5
14
Consolidation of Financial Information & Goodwill
Quiz #3 (Chapters 1 and 2 of Hoyle)
May 10
15
Group Final Exam Financial Accounting
(3:30pm~5:30pm) –VERIFY LOCATION (SP:
Ch.17, HSD: 1-3)
HSD: chs.
1&2
Ch.1 Q1-9
Ch.2 Q1-6
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Q1-6
Ch.1-9,18,
22,23,24,25,
26,27
Ch.2:1-8,12,
24
TBD
Connect
TBA
TBA
Updated 1/20/2014
SP-Spiceland et al. Intermediate Text Book
Financial Does Not Meet on the following dates: Feb. 17 (replace with Feb. 12)
HSD: Hoyle, Schaefer, Doupnik (course reader)
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