Intermediate Accounting I                                               Instructor:  Mr. John Haugen

Fall Term   2006                                                 Office:  WBC 105

                                                                                    Phone:  Ext. 8419

                                                                                    Email:  john.haugen@wartburg.edu

 

Required Textbook:   Intermediate Accounting, Spiceland, Sepe, & Tomassini, 4th edition,

                                   McGraw-Hill/Irwin, 2007

 

Course objectives:

 

Develop an understanding of measuring and reporting assets and liabilities such as receivables, inventories, and bonds payable.

 

Develop an understanding of measuring and reporting revenues, expenses, and results of operations.

 

Increase proficiency in time value of money applications.

 

Develop an understanding of basic financial statement presentation of financial position, including stockholders’ equity.

 

Increase understanding of the regulatory environment in which financial accounting rules are established.

 

 

Attendance:  All students are expected to attend class on a regular basis.  Absences for legitimate reasons such as illness and approved college activities are permitted, but it is strongly suggested that the student realize the importance of attending all class sessions.

 

Assignments:  Assignments consist of exercises and problems at the end of each chapter.  Assignments are to be completed promptly on a daily basis in order to gain the greatest learning from solving the problems.  These will not be graded.

 

Nine individual and group assignments will be collected and graded. 

 

Examinations and Grading:  No quizzes are planned.  A series of unannounced quizzes will be instituted by your instructor only if daily preparation for class participation deteriorates during the course of the term.  Quizzes, if instituted, will constitute 10% of the total grade.

 

There will be three examinations during the term and a comprehensive final examination at the end of the term.

 

                 Exam I                                          100 points       September 29

                 Exam II                                         100 points       November 1

                 Exam III                                         100 points       December 1

                 Final Exam                                    140 points       December 13

                 Group & individual assignments         90 points

                                                                     530 points

 

 

NO makeup examinations will be permitted unless the instructor is notified prior to the time of the examination and the instructor is satisfied that the excuse is legitimate and acceptable.

 

 

 

 

 

Intermediate Accounting I

Fall 2006   Haugen

 

 

The date for exam I may be adjusted, depending on the date for outfly.

 

Letter grades will be assigned at the end of the term in accordance with policies stated in the Wartburg College Academic Catalog.

 

Cheating will not be tolerated.  Any student found cheating on an examination will receive a grade of “F” for that examination.

 

Honor Code:  By attending Wartburg College, students are demonstrating their dedication to the Honor Code.  The Honor Code reminds students of their responsibility to promote academic honesty by opposing cheating and plagiarism and reporting dishonest work.

 

Special Needs:  The Americans with Disabilities Act of 1990 (ADA) provides protection from illegal discrimination for qualified individuals with disabilities.  Students requesting instructional accommodations due to disabilities must arrange for such accommodations by contacting the Dean of Students Alexander (Lex) Smith.  He can be reached at the Student Life office, Wartburg College, Luther Hall 206, 352-8260, <Alexander.smith@wartburg.edu>.  Accommodations should be requested PRIOR to affected assignment due dates. 

 

 

Office Hours:

Monday, Wednesday, & Friday    12:00 – 1:00

Tuesday                                         1:30 – 3:30

Thursday                                        2:00 – 4:00.  Also, by appointment.

 

 

 

 

Intermediate Accounting I       Fall 2006

Assignment Sheet                Haugen

 

Sept.

6

Introduction

 

8

Study Chap. 1.  Exs. 1-1, 1-6, & 1-11.

 

 

 

 

11

JC 1-11, AC 1-12.  Study Chap. 2.  Prob. 2-1.

 

13

Probs. 2-3 & 2-10.   JC 2-1 & JC 2-2.

 

15

Probs. 2-7 & 2-11.  Study Chap. 3.

 

 

 

 

18

Exs. 3-6 & 3-13.  Prob. 3-5.

 

20

Prob. 3-7.  RC 3-8.

 

22

Prob. 3-8.  JC 3-12.  Study Chap. 4 through pg. 177.

 

 

 

 

25

Study Chap. 4, pgs. 177-end.  Exs. 4-3 & 4-4.  JC 4-1.

 

27

Probs. 4-1, 4-3 & 4-5.  JC 4-3.

 

29

   EXAM I    Chapters 1, 2, 3, & 4.

 

 

 

Oct.

2

Study Chap. 5.  Ex. 5-2.  JC 5-10.

 

4

Prob. 5-3.   Exs. 5-4 & 5-13.

 

6

Prob. 5-4.  Ex. 5-18.  JC 5-7.

 

 

 

 

9

Ex. 5-11.  RC 5-9.

 

11

Exs. 6-1, 6-2, 6-3, 6-6, & 6-15.

 

13

Homecoming Panel

 

 

 

 

16

Probs. 6-6, 6-10, & 6-12.   Study Chap. 7.

 

18

Ex. 7-3.  Probs. 7-3 & 7-5.

 

20

Ex. 7-12.  Probs. 7-6 & 7-7.

 

 

 

 

23

Ex. 7-17.  Prob. 7-9.  EC 7-4.  JC 7-5.

 

25

JC 7-1.  RWC 7-6.  IC 7-8.   RC 7-10

 

27

Fall Term Break   no class

 

 

 

 

30

Adjustment for Outfly

Nov.

1

EXAM II    Chapters 5, 6 & 7.

 

3

Study Chap. 8.  Prob. 8-1.  Exs. 8-6 & 8-7.

 

 

 

 

6

Exs. 8-9, 8-11, 8-12, & 8-20.  Prob. 8-5.

 

8

Probs. 8-9 & 8-12.   EC 8-6.  Study Chap. 9.

 

10

Probs. 9-1, 9-3, & 9-4.

 

 

 

 

13

Probs. 9-6, 9-9, 9-13, 7 9-14.

 

15

EC 9-11.  Exs. 9-21 & 9-23.  AC 9-12.  Study Chap. 10

 

17

Probs. 10-1, 10-6, & 10-7.  Ex. 10-5.

 

 

 

 

20

Probs. 10-8 & 10-9.  RC 10-2.  Ex. 10-9.

 

22

Study Chap. 11.  Ex. 11-3.

 

24

Thanksgiving Break   no class

 

 

 

 

 

 

Intermediate Accounting I       Fall 2006

Assignment Sheet                Haugen

 

 

 

Nov.

27

Exs. 11-8, 11-10, 11-14, & 11-19.

 

29

Probs. 11-2 & 11-10.  JC 11-4.  IC 11-7.  RWC 11-15.

Dec.

1

  EXAM III   Chapters 8, 9, 10, & 11.

 

 

 

 

4

Study Chap. 12, part a) only.  Exs. 12-2, 12-3, & 12-4.

 

6

Prob. 12-3.

 

8

Probs. 12-4 & 12-6.

 

 

 

Dec.

12

11:30 a.m. COMPREHENSIVE FINAL EXAM – all material covered during the term.

 

 

 

 

 

Intermediate Accounting I      Fall 2006

Assignments to be collected and graded

 

 

Due Date

        Assignment

Sept. 15

Communication Case 2-3 (pg. 99)

Sept. 22

Judgment Case 3-4 (pg. 144)

Sept. 27

Ethics Case 4-7 (pg. 204)

Oct.  11

Research Case 5-9 (pg. 262)

Oct.  20

Real World Case 5-1 (pg. 260)

Nov.  10

Communication Case 8-3 (pg. 396)

Nov.  20

International Case 10-14 (pg. 500)

Nov.  22

Research Case 10-2 (pg. 497)

 

Each of the assignments listed above will be done in pairs or groups.  Assignments to pairs or groups will be announced in class.

 

 

All of the collected assignments listed above are due at the beginning of class on the dates indicated above.  NO late assignments will be accepted.