SYLLABUS FOR ACCY 6104, Spring 2015 1 Course Title

SYLLABUS FOR ACCY 6104, Spring 2015
Course Title:
Time and Location:
Intermediate Accounting I
6104-11: Tuesday 7:10 - 9:40 pm,
Funger Hall 210
Professor:
Email:
Office Hours:
Location / Phone:
Scott Lancaster, MBA, CPA
slancaster@gwu.edu
Tuesday 2:00 - 4:00 pm, or by appointment
Funger Hall 611. (202) 994-9027
COURSE OBJECTIVES:
The course builds on students’ basic understanding of accounting procedures and concepts
and examines issues in financial reporting from both preparer and user’s perspectives. This
course introduces the background of financial accounting standards, discusses some important
issues regarding the fundamentals of financial accounting, and covers transactions related to
assets and liabilities.
The basic objectives of the course are:



to learn about current financial reporting standards,
to consider the economics of transactions and events, and understand whether and
how financial reporting captures those economic events.
to learn how to reason about financial reporting problems in a forward direction, similar
to what preparers normally do (i.e., work forward from the data to journal entry to
financial statements) and to learn how to reason about financial reporting problems in
a backward direction, similar to what financial report users do (i.e., work backward
from financial statement and footnote data to journal entry).
REQUIRED TEXTBOOK:
INTERMEDIATE ACCOUNTING. by Kieso, Weygandt & Warfield (15th edition).
COURSE REQUIREMENTS:
There will be 11 homework assignments. You may choose to drop the grade of 1
homework assignments. These homework assignments exist to allow you to stay up to date
on the material. The homework will be assigned a grade from 0 to 5. The homework should
be submitted via Blackboard by 7:00pm on the due date as indicated in the syllabus.
The submission link on Blackboard will be disabled at 7pm on the due date and late
assignments will NOT be accepted. Note that on Blackboard, you need to click “submit” to
actually submit the homework. Hitting “Save” merely saves your work in your account and
does not submit it!
1
SYLLABUS FOR ACCY 6104, Spring 2015
You are free to work in groups on the problems, but each student must prepare and hand in
his/her own copy of the problems. You must show your work as to how you arrived at the
solution.
There will be one mid-term exam and one final exam. The exams are designed to test
your understanding of materials covered in class. The exams are “closed-book” exams. The
final exam will be cumulative with a focus on materials covered after the midterm exam.
Course grades are determined by the following weighting scheme:
Midterm Exam
Final Exam
Class Participation
Homework (10)
TOTAL
35%
45%
10%
10%
100%
Grading distributions above are subject to change. Make-up exams can be given only under
extraordinary circumstances and with proper documentation received by Professor
Lancaster in advance.
COURSE WEBPAGE:
A webpage was set up on Blackboard for this course. I will post presentation slides,
important announcements, homework solutions, supplemental reading materials, etc. on
the webpage. The electronic version of the solution manual will also be posted on
Blackboard for each chapter after you turn in your homework. Aside from your homework
problems, I encourage you to try additional problems in the textbook. The best way to
learn accounting is to practice.
ELECTRONIC DEVICES
For the benefit of the entire class, please turn off all electronic devices during class
except for laptops used for course related purposes. If you must make or receive a call
during class, please do so in the hallway.
ACADEMIC INTEGRITY STATEMENT:
All students are held to the Code of Academic Integrity and will be held accountable for
violations of Code. Please see http://www.gwu.edu/~ntegrity/code.html for information
about Academic Integrity at GW.
DISABILITY STATEMENT:
Any student who may need an accommodation based on the potential impact of a disability
should contact the Disability Support Services office at 202-994-8250 in Rome Hall, Suite
102, to establish eligibility and to coordinate reasonable accommodations. For additional
information please refer to: http://gwired.gwu.edu/dss.
2
SYLLABUS FOR ACCY 6104, Spring 2015
CLASS SCHEDULE:
Class # Class Date
1
1/13
2
1/20
3
1/27
4
2/3
5
2/10
6
7
8
2/17
2/24
3/3
9
3/17
10
3/24
11
3/31
12
4/7
13
4/14
14
Final
4/21
TBA
Chps
Intro + 1, 2
1, 2 Hmwk (#1)
3 + 24
3 + 24 Hmwk (#2)
4
4 Hmwk (#3)
5
5 Hmwk (#4)
7
7 Hmwk (#5)
Review
8
Mid Term Exam
8 + 9
8 + 9 Hmwk (#6)
10
10 Hmwk (#7)
11
11 Hmwk (#8)
12
12 Hmwk (#9)
13 + 21
13 + 21 Hmwk (#10)
14
14 Hmwk (#11)
Review and
Catch Up
Final Exam
Topic
Financial Accounting & Reporting
AIS & Disclosures
Income Statements
Balance Sheets
Cash, Receivables
Inventory
Chps 1 ‐ 7, 23, 24
Inventory
Property, Plant & Equip
Property, Plant & Equip
Intangeble Assets
Current Liabilities, Leases
LT Liabilities
Cumulative, Time and location posted in a Blackboard announcement.
3