ACCT-323/Syllabus

= INTERMEDIATE ACCOUNTING I =  Accounting 323 

CAMPBELL UNIVERSITY - RTP

Spring 2008

Instructor
Jo Ann Vaughan, CPA

Office
Lundy Fetterman School of Business

Room 231 ext. 1394

Jvaughan@campbell.edu

Hours
11:00 – 12:00  W

12:30 – 1:30   TH

(Other hours available by appointment)

Class Hours
5:20 – 7:30    MW

Prerequisites
Principals of Accounting II

Textbook
Intermediate Accounting

Keiso, Weygandt

Wiley 12th edition

BE SURE TO OBTAIN THE TEXTBOOK W/CODE and the following

Material

 * Recent GAAP Guide. 2003 Financial Accounting Research System (FARS) CD (or online Fars)
 * Intermediate Accounting
 * Analyzing and Solving Intermediate Accounting
 * Problems Using Excel for Windows Koeppen 12th Edition

Evaluation
Test dates will be assigned at a later date. At least one weeks notice will be given.

Objectives
To explore, in depth the conceptual Framework, Formation of Accounting policies, accounting principals, elements, and assumptions. Review basic rules for debts/credits. Examine the preparations financial statements, including Balance Sheet, Income Statement, Statement of Retained Earnings, Comprehensive Income, and the Cash Flow Statement. Examine alternative valuations of inventory (Lifo, Fifo, Weighted Average, Retail,and Dollar Value Lifo) Explore Internal Control issues for cash. Determine the presentation and valuation of accounts receivable, notes receivable, factor, assign, and sell receivable. We will also examine recent accounting controversies and new FASB pronouncements. Ethic discussions will be addressed for both accounting and business issues. Communication skills will be emphasized.

University Purpose
The Lundy-Fetterman School of Business’s mission statement states that students will be involved in a learning process that provides a comprehensive professional education, instills a passion for life-long learning, creates a commitment to service, and examines ethical behavior in the business environment. This class will teach students to identify ethical situations, and their possible solutions. It will provide students with the knowledge of current accounting issues, and the skills needed to learn new accounting issues as they emerge in the future. International accounting GAAP will be introduced so that students will be able to address global perspective in their workplace.

Grading Scale
A 10 point grading scale will be used.

WP: will not be assigned after the midterm break.

Student Disabilities
Students with documented disabilities who desire modifications or accommodations should contact the office of Student Support Services located in the University’s Hight House.

Integrity Statement
All students are subject to the academic integrity and behavioral expectations of Campbell University. Plagiarism will not be accepted.

Attendance
Student attendance will be taken at the beginning of each class. We will adhere strictly to the university policy on attendance. Attendance both physically and mentally is required to pass and understand the material. Absences of 15% or more of the scheduled classes will result in a failing grade regardless of test grade.

Homework
Homework is essential to the understanding of the material. Each student must do their own work. Failure to complete the homework on a timely basis will cause the student to fail tests. Copying homework from the boards or overheads does not provide the students with sufficient knowledge to successfully understand the content.

Homework may be done individually or with a group member. Assignments will be taken up a random. Advance notice may or may not be given.

All homework will be submitted using WileyPlus. Each student is responsible for registering for this part of the class. The website is at http://edugen.wiley.com/edugen/class/cls53932/

Laptops
Laptops during class period is encouraged if the student is actively engaged in accounting education. This includes taking notes, researching Accounting related topics; and to some extent, access to homework assignments. Students will not be allowed to use their laptops during tests. However, if inappropriate material is displayed on the laptop screen, the laptop will be removed from the student, returned at the end of class, and not allowed back in the classroom the rest of the semester. In addition, if this has occurred in another class, and the faculty is notified, the student will not be allowed to use their laptops during this class. Inappropriate material includes inappropriate screensavers or pictures as well as e-mails or websites. The professor of the class, or any guest speaker, is sole determinate of appropriate vs. inappropriate material.