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Loyola University of New Orleans
Syllabus for Intermediate III
Fall Semester 2007
Course Title: Accounting B307-001 – Intermediate Accounting III
Prerequisites: Not opened to freshmen or sophomores, and completed accounting B 205 with “C” or above.
Classroom & Meeting Time: Room: TBD; Time: 3:30PM – 4:45 PM Tuesday & Thursday
Textbook: Kieso & Weygandt, Intermediate Accounting 12 Edition (Wiley) AND
Baker, Lembke, King & Jeffrey, Advanced Financial Accounting 7th Edition (McGraw Hill) .
Additional requirements: A calculator, basic functions only, will be needed to for each exam. Bring your textbook and calculator to each class. You can not use a cell phone as a
calculator. I have posted, on Blackboard, the solution manual and power points slides for you to use as study aids.
Instructor: Patrick M. Lynch, CPA, CFE, CrFA, CPCU, CLU, ChFC, MS in Taxation Loyola email: pmlynch@loyno.edu; Office email: pat@rlastars.com
Telephone: Campus Phone: 504-864-7974.; Practice, office Phone: 504-455-6281; Cell phone: 504-915-3031
Office Hours: Tuesday & Thursday: 9:00 AM to 9:30 AM; 11:00AM to Noon, and 1:00 PM – 2:00 P.M. If these times aren’t convenient, I am happy to schedule an appointment that is convenient.
Office: Miller Hall, Room 351
Catalog Description of this Course: This course is a continuation of Accounting 205 and 206, completing the financial accounting portion at the intermediate level. It also includes some advanced accounting topics. Financial accounting topics emphasized will be Stockholders’ Equity, Revenue Recognition, dilutive securities, and earnings per share; accounting errors, and the statement of cash flows. In addition, accounting for governmental and not-for-profit entities is covered.
Expected Outcomes the course: After successfully completing this course, each student should understand the following:
Accounting for stockholder contributed capital and earnings per share. Accounting for revenue recognition alternatives.
Accounting for dilutive securities & calculating earnings per share. Accounting for accounting changes and errors.
Preparation of the statement of Cash Flows and related worksheet. Accounting for State and local governmental entities.
Accounting for not-for-profit entities.
Attendance Policy:
2 Loyola University of New Orleans
Syllabus for Intermediate III
Fall Semester 2007
Class Participation:
I encourage you to participate in classes by asking pertinent questions, or making observations which will be useful to the other students. However, I ask that we do so in a professional manner—waiting to be recognized. See
“Students Responsibility” below for further clarifications of my expectations
Examination Policy:
You will be given five examinations, including the final exam; each will be weighted at 18% of the course grade. 10% of your grade will be based on attendance, class participation, and home presentations. Students should expect to take examinations when scheduled unless a confirmable and important reason exists for missing an exam.
Missing exams at the regularly scheduled time is strongly discouraged. If you must miss an exam, please let me know as soon as practical. Please note that minor illness such as a cold or allergy is not an acceptable reason for missing an exam. Makeup exams will be given at a mutually convenient time.
Grading Policy:
Grading is on a 10 point system. Average from 90 to 100 would be an “A”, from 80 to 89.99 would be a “B”, and so forth. Grades might be raised or curved for students with excellent attendance and comportment, at my
discretion.
Disability Statement:
A student with a disability that qualifies for accommodations should contact Sarah Mead Smith, Director of Disability Services at 865-2990 (Academic Resource Center, Room 405, Monroe Hall). A student wishing to receive a test accommodation (e.g., extended test time) should provide the instructor with an official
Accommodation Form from Disability Services in advance of the scheduled test date.
Student Responsibility:
1. To read the assigned chapter(s) before coming to class.
2. To come to class with a list of questions regarding issues covered in the assigned chapter for which you have difficulty understanding.
3. To come to class prepared to answer questions that I pose regarding the text material
4. To complete all homework assignments when assigned, and to then check your solution against the solution manual, which is posted onto Black Board. If a student doesn’t understand a problem after working the problem and checking the solution manual, the student should see me for assistance. I have given you the solution manuals as a learning aid. You will be best served by working the problems and using the solution manual to assess your progress. I expect you to be able to present, defend, and explain the solution to the homework problems.
5. To arrive on time for class. Late arrivals should be infrequent. If you are late, make sure that you see me after class so that you are credited with attending class.
6. To ask meaningful questions in class as appropriate. 7. To turn off cell phones while in class.
If you come to class having read the chapter scheduled, take good notes, work the assigned problems until you understand these thoroughly, and study for the exam, you should do very well in this course.
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Loyola University of New Orleans
Syllabus for Intermediate III
Fall Semester 2007
COURSE OVERVIEW
Chapter 15: Stockholders’ Equity – Kieso Text
Chapter 16: Dilutive Securities & Earnings- Kieso Text
Exam 1 Chapters 15 & 16 From Kieso Text
Chapter 18: Revenue Recognition – Kieso Text
Chapter 22: Accounting Changes & Error Analysis – Kieso Text
Exam 2 Chapters 18 & 22 From Kieso Text
Chapter 23: Statement of Cash Flows – Kieso Text
Chapter 24 Full Disclosure in Financial Reporting
Exam 3 Chapter 23 & 24 From Kieso Text
Chapter 17: Governmental Entities: Introduction & General Fund Accounting--Advanced Text
Chapter 18: Governmental Entities: Special Funds & Government-wide Financial Statements- Advanced Text
Exam 4 Chapters 17 & 18 From The Advanced Text
Chapter 19: Not-for-Profits Entities- Advanced Text
Chapter 20: Corporations in Financial Difficulty – Advanced Text
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Loyola University of New Orleans
Syllabus for Intermediate III Fall Semester 2007
Class & Examination Schedule
Note: You are expected to read and study each chapter before attempting the homework. Be sure to read and understand the “Illustrative Problems” and the “Self Examination Questions” as well, as these will contribute to your being able to work the assigned homework effectively. I reserve the right to amend this schedule
Date Chapter/Exam Homework
8/28 Introduction to the Course Distribution of syllabus & review basic of accounting model 8/30 Chapter 15 Kieso E: 1, 2, 3, 4, 12, 15, 18, 24 P: 1 ,9
9/4 Chapter 15 Kieso Continued
9/6 Chapter 16 Kieso E: 4, 7, 10, 15, 16, 23, 24 P: 4, 8 9/11 Chapter 16 Kieso Continued
9/13 NO CLASS Mass of the Holy Spirit
9/18 Exam 1 Chapters 15 & 16 30 Questions Of Multiple Choice Format
9/20 Chapter 18 Kieso E: 2, 3, 4, 7, 9, 11, 13, 18 P: 1,6 9/25 Chapter 18 Kieso Continued
9/27 Chapter 18 Kieso Continued
10/2 Chapter 22 Kieso Continued E: 1, 3, 7, 8, 10, 12,15, 18 P: 1 10/4 Chapter 22 Kieso Continued
10/9 Exam II Chapters 18 & 22 30 Questions Of Multiple Choice Format
10/11 Chapter 23 Kieso E: 1, 2, 3, 11, 21 P: 1, 7
11/1 Exam III Chapters 23 & 24 30 Questions Of Multiple Choice Format
11/6 Ch 17 Baker Advance Text TBD
11/8 Ch 17 Baker Continued
11/13 Ch 18 Baker Advance Text TBD 11/15 Ch 18 Baker Advance Text
11/20 Exam IV chapters 17 & 18 25 Questions of Multiple Choice Format
