Accounting 312                                 Intermediate Accounting II                                 Fall 2002                                 4 credits

Course Objectives: To develop a more thorough understanding of the:

• Underlying concepts of accounting and the analysis of problems that arise in the application of the concepts in financial accounting.
• Use of accounting information as a basis for decisions by management, stockholders, creditors, and other users of financial statements.

• Promulgated by leading professional accounting organizations.
• Applied by practitioners in public accounting and industry.

E-mail: Charles_Harter@ndsu.nodak.edu

Office hours: TTh 3:30-4:30, W 2:00-5:00, and by appointment

Location and time of class: 2:00-3:15 TTh and 2:00-2:50 M, Morr 109

Course Material: Intermediate Accounting, 10^th Edition, by Kieso & Weygandt

Optional: Study Guide II

                Working Papers II

Elements of Course Grade:

Exams I, II, III, IV, Final (100 points each)         400
(one exam score will be dropped)

Case Studies (3X50)                                          150

Research Insight Projects (2X20)                         40

Homework and quizzes                                        50

Total points                                                        640 points

1. Study the text; there is no substitute for this step.
2. Regular class attendance will enhance your performance. The lectures are designed to present and explain the course material, and their effectiveness is increased if you have studied the assigned chapter prior to its presentation in class.
3. "Hands-on" experience is gained by working through questions, exercises, and problems found at the end of each chapter. It is extremely difficult to learn accounting by reading and listening alone. The homework assignments are designed to help you learn the material and to identify and clear up points of confusion. The assigned homework should be considered the minimum effort required. To increase your comprehension and retention of the accounting principles covered in this course, work additional, unassigned homework items. You are welcome to compare your solutions with those in the solutions manual in my office.

Correct or corrected homework 5 points

Incorrect homework 2 points

Quizzes 0-5 points

The maximum number of homework and quiz points counted toward your grade is 50. Therefore, you may miss up to 2 homework assignments or quizzes and still receive full credit for homework. It has been my experience that those students who keep up with the homework score considerably better on exams. Please keep up with the homework.

Research Insight Projects: Research Insight is a Computerized Accounting database. You will be asked to use this data to complete two 20-point projects.

            1.   Select a company and obtain a description of the company, Total Stockholders Equity, Preferred Stock, and Common equity from the database.
            2.   Obtain equity investments and other investments for the past five years from the database for the same firm selected above.

Case Analyses: I will assign you to a group. Your group will have the opportunity to prepare group-effort written case analyses to be submitted for grading. At least one group will be selected at random to present their case analysis to the class. The preferred group size is three; however, groups of four may be allowed with the permission of the professor. Once your group has been formed, you will be provided with the case study and accompanying required case assignment questions. Unless prior arrangements have been made with me, no case analysis will be accepted after the case has been discussed in class.

Groups are self-policing and self-evaluating. Members of groups will evaluate each other's contributions to the group. Each group should develop its own team controls to prevent "free riders" and promote equal participation.

A "good" group-effort written case analysis should include (if applicable) but is not limited to:

• Introduction to the problem situation.
• Responses to all required assignment questions.
• Discussion of alternative courses of action.
• Critical evaluation of each alternative.
• Recommendation of a course of action.
• Probable implications of the recommended course of action.
• Summary and conclusions.

All written assignments will be graded on subject content, writing quality (style, persuasiveness, logic, flow, organization, etc.), clarity, and conciseness. Correct spelling, punctuation, grammar, tense, etc. will also be graded.

In addition to the above, all group-effort written case analyses should be submitted pursuant to the following guidelines:

Students with Special Needs: Students with disabilities or other special needs, who need special accommodations in this course, are invited to share these concerns or requests with the instructor as soon as possible.

Other University Policies: Refer to the NDSU Bulletin: 2000-2002 and the NDSU Fall 2002 Registration Schedule for university policies in regard to other matters, including, but not limited to, changes in registration and grades of incomplete.

CBA WEB SITE: www.ndsu.nodak.edu/cba/

Check this site often for student-related announcements. All job and co-op openings, seminars, scholarships, employer visits to campus, and other general announcements will be posted at the "announcements" button.

Dr. Chuck Harter Web Site: www.ndsu.nodak.edu/ndsu/charter/

From time to time I will put class-related information on my web site. Check this web site periodically.

 
 

DATE	Material Covered	Homework
27 August	Introduction to Intermediate Accounting II
29 August	Ch. 24 - Cash Flow Statement - basics	C1, C4, E10
2 September	Holiday - no class
3 September	Ch. 24 - Cash Flow from Operations	E3, E4
5 September	Ch. 24 - Direct vs. Indirect	P1, P4
9 September	Ch. 24 - Cash Flow wrap-up  Case #1 presentation	P10
10 September	Ch. 24 - catch-up & review
12 September	Exam I – Chapter 24
19 September	Ch. 15 - Stockholders Equity	Q4
23 September	Ch. 15 - Issuance of Shares	E3, E5
24 September	Ch. 15 - Treasury stock	C4, P6, P12
26 September	Ch. 15 - Treasury stock	E11, RI1
30 September	Ch. 16 - Dividends	E4, P4
1 October	Ch. 16 - Stock dividends & splits	E8, E10, P8, P11
3 October	Ch. 16 - Stockholders equity wrap-up	E15, P13
7 October	Ch. 17 - Convertible securities & options	Q2, E1, E12
8 October	Ch. 17 - Convertible securities & options	E8, E14
10 October	Exam II - Chapters 15, 16, & 17 (pg. 857-872)
14 October	Ch. 17 - EPS	C6, E15, E22
15 October	Ch. 17 - EPS	P4, P5, P7, RI2
17 October	Ch. 18 - Debt Securities	Q1, Q5, E4