Intermediate Accounting II                                               Instructor:  Mr. John Haugen

Winter Term 2007                                                          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 in challenging topics such as investments, pensions, and leases.

 

  • Develop an expanded understanding of measuring and reporting revenues, expenses, stockholders’ equity, and earnings per share.

 

  • Increase proficiency in time value of money applications and reporting cash flows.

 

  • Develop an understanding of financial accounting for income taxes, accounting changes, and correction of errors.

 

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.

 

Daily 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.

 

Graded assignments:  Several individual and/or group assignments will be collected and graded.  The assignments will be announced in class with details, including due dates.  These are to be submitted, at the beginning of class, on the dates established.  No exceptions granted for late submissions.

 

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       January 29

                 Exam II                                           90 points       February 19

                 Exam III                                         100 points       March 21

                 Final Exam                                    140 points       April 19

                 Group & individual

                        assignments                      80-160 points       due dates to be announced in class

                                                               510-590 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.

 

The dates for all examinations are firm dates, assuming no highly unusual circumstances arise during the course of the term.

 

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

 

 

Academic Integrity

 

Wartburg Honor Code

As a matter or personal commitment, students, faculty, and staff of Wartburg College are expected to demonstrate four simple principles:

1)  All submitted work must be your own.

2)  When using the work or ideas of others, including fellow students, provide full credit through

    accurate citations.

3)  Ask for clarification if there is uncertainty about citation rules on a particular assignment.

4)  Maintain academic honesty on examinations and class assignments.

 

Source:  The Honor Code, as approved by the faculty and Student Senate.

 

Cheating will not be tolerated.  Students found cheating on any assignment, quiz, or examination will receive a grade of zero for that assignment, quiz or examination

 

Office Hours:

 

               Monday – 1:15 -2:20 and 3:45 – 4:45.

               Tuesday – 1:00 – 2:00

               Wednesday – 12:00 – 1:05

               Thursday – 9:30 – 10:30

               Friday – 1:15 – 2:20,

               and by appointment.

 

.

 

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, Saemann Student Center 195, 352-8260, <Alexander.smith@wartburg.edu>.  Accommodations should be requested PRIOR to affected assignment due dates. 

 

 

 

Assignment Sheet

 

The regular daily assignments for the term are listed below.  There may be modifications, additions or deletions, from time to time.  Changes will be announced in class.

 

 

Jan.

8

Introduction.  Study Chap. 12, part B.

 

10

Study Chap. 12, part B & appendices A & B.  Study Chap. 11, learning

objective 8.  Exs. 12-18 & 12-19.

 

12

Probs. 12-7 & 12-11.  Prob. 11-12.  Study Chap. 13.

 

 

 

 

15

Exs. 13-5 & 13-17.  Probs. 13-1 & 13-3.

 

17

Probs. 13-4, 13-5, & 13-8.  Study Chap. 14.

 

19

Study Chap. 14.  Exs. 14-3 & 14-8.  Study Appendix A, pgs. 1129-1142.

 

 

 

 

22

Probs. 14-3 & 14-10.  Ex. 14-17.  Prob. A-1 on page 1144.

 

24

Probs. 14-5 & 14-11.  Ex. 14-18.  Prob. A-2 on page 1145.

 

26

Probs. 14-7 & 14-20.  Ex. 14-19.

 

 

 

 

29

  Exam I   Chap. 11, LO 8, Chap. 12, part B and appendices A & B, Chap. 13,

                 Chap. 14, and appendix A, pgs 1120-1142.

 

31

Study Chap. 15.  Ex. 15-1.

Feb.

2

Exs. 15-7, 15-11, 15-12, & 15-16.

 

 

 

 

5

Probs. 15-3 & 15-9.

 

7

Probs. 15-5 & 15-10.  Ex. 15-21

 

9

Study Chap. 16.  Exs. 16-2 & 16-22.

 

 

 

 

12

Exs. 16-9, 16-14, 16-20, 16-23, & 16-26.

 

14

Probs. 16-3 & 16-4.  Integrating Case 16-6.

 

16

Probs. 16-1 & 16-7.

 

 

 

 

19

  Exam II    Chapters 15 & 16.

 

21

Study Chap. 18.  BEx. 18-10.  Exs. 18-4 & 18-9.

 

23

Exs. 18-3 & 18-6.  Prob. 18-12.  Real World Case 18-11.

 

 

 

 

26

Study Chap. 19.  Ex. 19-7.

 

28

Exs. 19-5, 19-6 & 19-10.  Prob. 19-11.

March

2

Probs. 19-2 & 19-13.

 

 

 

March    

 

March 5, 7, & 9.  Mid term break.  No classes.

 

 

 

 

12

Exs. 19-13 & 19-14.  Prob. 19-14.  Analysis Case 19-8.  Ethics Case 19-9.

Study Chap. 17.

 

14

Exs. 17-4, 17-8, 17-9, 17-16, & 17-20.

 

16

Exs. 17-10 & 17-15.  Prob. 17-2.

 

March

19

  Probs. 17-6, 17-8, & 17-13.

 

21

  Exam III      Chapters 17, 18, & 19.

 

23

Study Chap. 20.

 

 

 

 

26

Study Chap. 20.  Exs. 20-12 & 20-19.  Probs. 20-6 & 20-8.

 

28

Probs. 20-7, 20-9 & 20-12.

 

30

Probs. 20-3 & 20-13.  Real World Case 20-10.  Study Chap. 21

 

 

 

April

2

Study Chap. 21.  Exs. 21-3, 21-5, 21-7, 21-13, 21-16, & 21-17.

 

4

Study Chap. 21.  Probs. 21-11 & 21-17.

 

6

Easter break.  No class.

 

 

 

 

9

Easter break.  No class.

 

11

Probs. 21-5 & 21-16.

 

13

Probs. 21-4 & 21-15.

 

 

 

April

19

8:30 a.m.  COMPREHENSIVE FINAL EXAM – all material covered during the term.