Syllabus for ACC–601

INTERMEDIATE ACCOUNTING III


COURSE DESCRIPTION

This course discusses accounting for investments, revenue recognition, income taxes, pensions and postretirement benefits, and leases. The course also covers principles involved in accounting for changes of various types as well as for correction of errors. This course will also summarize the preparation of statements of cash flows as well as full disclosure in financial reporting. Throughout, the course will analyze the impact of international accounting standards on accounting issues. The material makes references to both the U.S. Accounting Standards issued by the Financial Accounting Standards Board (FASB) and the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

COURSE OBJECTIVES

After completing this course, students will be able to:

  1. Analyze the proper accounting for investments in securities and derivative instruments.
  2. Apply various accounting methods for revenue recognition.
  3. Discuss the proper accounting for income taxes.
  4. Discuss the proper accounting for pensions and postretirement benefits.
  5. Explain the accounting standards for capital and operating leases.
  6. Discuss reporting requirements concerning changes in accounting principles and errors.
  7. Analyze the statement of cash flows under both the indirect and the direct method.
  8. Explain the requirements for full disclosure in financial reporting.
  9. Distinguish between the U.S. Accounting Standards and the International Accounting Standards.
  10. Predict the effects of the International Accounting Standards on the U.S. economy and the accounting profession.

                                                                                                                                                                                         

COURSE MATERIALS

You will need the following materials to do the work of the course. The required textbook is available from the College's textbook supplier, MBS Direct.


Required Textbook

  1. Kieso, D. E., Weygandt, J. J. and Warfield, T. D. (2012). Intermediate Accounting, 14th ed. New York: John Wiley & Sons.

    ISBN-13: 978-0-470-58723-2

COURSE STRUCTURE

Intermediate Accounting III  is a three-credit online course, consisting of nine modules. Modules include an overview, topics, learning objectives, study materials, and activities. Module titles are listed below.

 

  1. Module 1: Accounting for Investments
  2. Module 2: Revenue Recognition
  3. Module 3: Accounting for Income Taxes
  4. Module 4: Accounting for Pensions and Post-retirement Benefits
  5. Module 5: Accounting for Leases
  6. Module 6: Accounting for Changes and Error Analysis
  7. Module 7: Statement of Cash Flows
  8. Module 8: Full Disclosure in Financial Reporting
  9. Module 9: International Accounting Standards

Consult the course Calendar for assignment due dates.

ASSESSMENT METHODS

For your formal work in the course, you are required to participate in online discussion forums, complete written activities, and complete a final project. See below for more details.

Consult the course Calendar for assignment due dates.

Discussion Forums

You are required to participate in nine (9) graded discussion forums as well as an ungraded "Introductions" forum. Most of the online discussions involve a case study.

Located within the Evaluation Rubrics section of the course Web site is the online discussion forum rubric used to aid in the grading of all online discussion activities.

Written Activities

You are required to complete nine written assignments. Eight of these include exercises, problems, and IFRS application assignments. The last assignment involves a short paper.

Located within the Evaluation Rubrics section of the course Web site is the rubric used to aid in the grading of all written activities.

Final Project

The final paper consists of a paper of 2,500 to 3,000 words (10 to 12 pages) in which you will  examine the effects of reporting comprehensive income on the quality of financial reporting. See the Final Project area of the course for a fuller description.

Located within the Evaluation Rubrics section of the course Web site is the rubric used to aid in the grading oft he final project.

GRADING AND EVALUATION

Your grade in the course will be determined as follows:

  1. Online discussions (9)—20 percent
  2. Written assignments (9)—60 percent
  1. Final project —20 percent

All activities will receive a numerical grade of 0–100. You will receive a score of 0 for any work not submitted. Your final grade in the course will be a letter grade. Letter grade equivalents for numerical grades are as follows:

A

=

93–100

B–

=

80–82

A–

=

90–92

C+

=

78–79

B+

=

88–89

C

=

73–77

B

=

83–87

F

=

Below 73

To receive credit for the course, you must earn a letter grade of C or higher on the weighted average of all assigned course work (e.g., assignments, discussion postings, projects, etc.). Graduate students must maintain a B average overall to remain in good academic standing.

STRATEGIES FOR SUCCESS

First Steps to Success

To succeed in this course, take the following first steps:

  1. Read carefully the entire Syllabus, making sure that all aspects of the course are clear to you and that you have all the materials required for the course.
  2. Take the time to read the entire Online Student Handbook. The Handbook answers many questions about how to proceed through the course and how to get the most from your educational experience at Thomas Edison State College.
  3. Familiarize yourself with the learning management systems environment—how to navigate it and what the various course areas contain. If you know what to expect as you navigate the course, you can better pace yourself and complete the work on time.
  4. If you are not familiar with Web-based learning be sure to review the processes for posting responses online and submitting assignments before class begins.

Study Tips

Consider the following study tips for success:

  1. To stay on track throughout the course, begin each week by consulting the course Calendar. The Calendar provides an overview of the course and indicates due dates for submitting assignments, posting discussions, and scheduling and taking examinations.
  2. Check Announcements regularly for new course information.

ACADEMIC INTEGRITY

Students at Thomas Edison State College are expected to exhibit the highest level of academic citizenship. In particular, students are expected to read and follow all policies, procedures, and program information guidelines contained in publications; pursue their learning goals with honesty and integrity; demonstrate that they are progressing satisfactorily and in a timely fashion by meeting course deadlines and following outlined procedures; observe a code of mutual respect in dealing with mentors, staff, and other students; behave in a manner consistent with the standards and codes of the profession in which they are practicing; keep official records updated regarding changes in name, address, telephone number, or e-mail address; and meet financial obligations in a timely manner. Students not practicing good academic citizenship may be subject to disciplinary action including suspension, dismissal, or financial holds on records.


Academic Dishonesty

Thomas Edison State College expects all of its students to approach their education with academic integrity—the pursuit of scholarly activity free from fraud and deception. All mentors and administrative staff members at the College insist on strict standards of academic honesty in all courses. Academic dishonesty undermines this objective. Academic dishonesty takes the following forms:

  1. Cheating
  2. Plagiarizing (including copying and pasting from the Internet without using quotation marks and without acknowledging sources)
  3. Fabricating information or citations
  4. Facilitating acts of dishonesty by others
  5. Unauthorized access to examinations or the use of unauthorized materials during exam administration
  6. Submitting the work of another person or work previously used without informing the mentor
  7. Tampering with the academic work of other students

Academic dishonesty will result in disciplinary action and possible dismissal from the College. Students who submit papers that are found to be plagiarized will receive an F on the plagiarized assignment, may receive a grade of F for the course, and may face dismissal from the College.

A student who is charged with academic dishonesty will be given oral or written notice of the charge. If a mentor or College official believes the infraction is serious enough to warrant referral of the case to the academic dean, or if the mentor awards a final grade of F in the course because of the infraction, the student and the mentor will be afforded formal due process.

If a student is found cheating or using unauthorized materials on an examination, he or she will automatically receive a grade of F on that examination. Students who believe they have been falsely accused of academic dishonesty should seek redress through informal discussions with the mentor, through the office of the dean, or through an executive officer of Thomas Edison State College.

Plagiarism

Using someone else's work as your own is plagiarism. Although it may seem like simple dishonesty, plagiarism is against the law. Thomas Edison State College takes a strong stance against plagiarism, and students found to be plagiarizing will be severely penalized. If you copy phrases, sentences, paragraphs, or whole documents word-for-word—or if you paraphrase by changing a word here and there—without identifying the author, then you are plagiarizing. Please keep in mind that this type of identification applies to Internet sources as well as to print-based sources. Copying and pasting from the Internet, without using quotation marks and without acknowledging sources, constitutes plagiarism.  (For information about how to cite Internet sources, see Online Student Handbook > Academic Standards > "Citing Sources.")

Accidentally copying the words and ideas of another writer does not excuse the charge of plagiarism. It is easy to jot down notes and ideas from many sources and then write your own paper without knowing which words are your own and which are someone else's. It is more difficult to keep track of each and every source. However, the conscientious writer who wishes to avoid plagiarizing never fails to keep careful track of sources.

Always be aware that if you write without acknowledging the sources of your ideas, you run the risk of being charged with plagiarism.

Clearly, plagiarism, no matter the degree of intent to deceive, defeats the purpose of education. If you plagiarize deliberately, you are not educating yourself, and you are wasting your time on courses meant to improve your skills. If you plagiarize through carelessness, you are deceiving yourself.

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