The University of Tennessee at Martin

COLLEGE OF BUSINESS and PUBLIC AFFAIRS

Department of Accounting, Economics, Finance and International Business

Course Data Sheet

Course Number and Title: Accounting 302; Intermediate Accounting

Course Description and Prerequisites:  Continuation of Accounting 301 including an in-depth discussion of traditional financial accounting topics as well as the recent developments in accounting valuation and reporting practices promulgated by the leading professional organizations and applied by practitioners in public accounting and industry.  To enroll in Accounting 302, Student must have a grade of “C” or above in Accounting 301.

Course Text and Required Material:

Intermediate Accounting, 12^th ed, by D.E. Kieso, J.J. Weygandt, and T.D. Warfield. Wiley Publishing Co (2007), ISBN 0-471-74955-9. You need to bring this text to every class during the semester.

College Mission Statement:

The College of Business and Public Affairs, consistent with the overall Mission of The University of Tennessee at Martin, develops graduates whose skills, abilities and ethical standards contribute to a diversified and dynamic society.  With a primary focus on teaching, the College emphasizes quality undergraduate and graduate instruction and faculty commitment to student and regional development.  Programs are delivered in an environment that encourages a broad understanding of the forces shaping global social, political and economic change.  The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research, and service.

B.S.B.A. Learning Objectives related to the CBPA Mission

Students will:

BSBA 2       demonstrate an understanding of the ethical aspects of business.

BSBA 3       demonstrate competence in appropriate technology in business.

BSBA 4       demonstrate effective verbal and written communication skills.

BSBA 6       demonstrate competence in the Accounting major.   

Course Specific Objectives:

The study of Intermediate Accounting II includes the following. Students will demonstrate an understanding of:

1. the terminology and concepts of Generally Accepted Accounting Principles (GAAP),

2. the process of performing common accounting computations,

3. the proper presentation of financial information, and

4. the role of ethics in accounting.

Any student eligible for and requesting academic accommodations due to a disability is required to provide a letter of accommodation from Disability Services, Clement 203 (Extension 7605), within the first two weeks of the semester.

COLLEGE OF BUSINESS and PUBLIC AFFAIRS

Class Data Sheet

                                                                              Accounting 302

Instructor: Robert L. Putman                                                                     Semester: Spring 2007

Office:  229-B Business Administration Building                                         Phone: office (731)881.7305

Office Hours:  W-9:00-12:00; Tu Th-9:00-11:00; 1:00-2:30                              Fax: (731)881.7231

E-mail: bputman@utm.edu                                                                        Web-Page: http://www.utm.edu/~bputman

Publisher’s Web-Page: www.wiley.com/college/kieso

Course Requirements:

· Attendance Policy:     

          All students are expected to attend class and to participate in classroom discussion. Excessive absences will result in the lowering of one's participation grade. Two or more unexcused absences are excessive.

· Homework Policy:

          Each homework assignment is expected to be turned in by due dates listed on the tentative schedule sheet.  Each exercise or case you turn in will be marked (S) satisfactory or (U) unsatisfactory and returned to you.  Any unsatisfactory homework must be resubmitted within one week to receive satisfactory credit.  All homework except questions and conceptual cases must be submitted using Excel (or) other comparable spreadsheet programs.  You should turn in all homework to me during class periods in order for me to be able to keep track of it.  E-mail attachments and faxes are unacceptable as they sometimes get lost in the process.  If you should have to miss a class when homework is due, please submit it the next class or have a friend bring it to the class you miss. All homework should be turned in at the beginning of the class period after class completion of the chapter of the problem set. Late submission of homework without an excused absence will not be accepted for points.

· Test Policy:

          There will be three scheduled exams and the final exam. If for any reason a student cannot attend a regularly scheduled exam, it is the student's responsibility to contact the instructor prior to the time of the exam. Exams one through three may not be made up. Instead, if you miss one of these exams with an excused absence, your grade on the final exam will be substituted for the missed exam. If you miss two exams, you will receive zero on the second exam. To make things fair for those who take all exams at scheduled times, your final exam performance will be compared with your one through three exam scores. If the final exam score is higher, that score will be substituted for one (only) score on the one through three exams when your course grade is computed.

· Grades:

              The grade distribution for the course is:

First Exam         100 points          A = 450-500 points (90%)   

Second Exam     100    “                B = 400-449 points (80%)

Third Exam        100    “               C = 350-399 points (70%)

Final Exam         100    “               D = 300-349 points (60%)

Homework            50    “               F = 0-299 points  (LT 60%)

Participation        50    “

  500  points

Additional Comments on Participation:

There are many ways one can participate in any endeavor.  The primary method to earn points for participation is to add value to a discussion whether it is a class, coffee break, or on-the-job discussion.  This could involve asking questions, imparting information on which one has knowledge, or summarizing media events that apply specifically to this course.  All participation comments will be acceptable as long as it does not offend anyone or detract from the learning process.  Excessive unexcused absences (two or more) will result in the subtraction of 1 point for each absence from your total participation score.  

DATE	TOPICS COVERED	READING ASSIGNMENT	CLASS PROBLEMS	HOMEWORK EXERCISES  & CASES	RELATIONSHIP OF HOMEWORK  TO LEARNING GOALS
1-16-07	Introduction to Course and Course Requirements
18	Current Liabilities and Contingencies	Ch. 13, pps. 617 – 631	1	1	BABA 3*
18	Loss Contingencies	Ch. 13, pps. 631 – 642	4;5	3;5	BSBA 4 BSBA 6
23	Presentation and Analysis	Ch. 13, pps. 642–647	7;9;11	8;11	BSBA 4 BSBA 6
25	Bonds Payable and The Issuance of Bonds	Ch. 14, pps, 671 – 678	1	1 Ch 13 homework due
25	Effective Interest Method, Costs of Issuing Bonds, Treasury Bonds & Extinguishment of Debt	Ch. 14, pps, 679 – 685	2;5	4;5	BSBA 4 BSBA 6
30	Long Term Notes Payable	Ch. 14, pps, 685 – 694	6;7;9	9	BSBA 4 BSBA 6
30	Accounting for Troubled Debt Restructuring	Ch.14, pps, 697 – 704	13	12;16;C6	BSBA 4 BSBA 6 BSBA 2 BSBA 3
2-1-07	The Corporate Form of organization	Ch.15, pps, 726 – 728	1	1;2 Ch 14 homework due	BSBA 4 BSBA 6
1	Corporate Capital, Preferred Stock and Presentation of Capital	Ch.15, pps, 728– 740	2;4	5;6	BSBA 4 BSBA 6
6	Dividends and Stock Splits Presentation and analysis	Ch.15, pps. 740-752	7;8;9	14;16	BSBA 4 BSBA 6
8	Test 1- (Chapters 13-15)
13	Diluted Securities, Compensation Plans & Accounting for Convertible Debt	Ch.16, pps, 777 – 792;	1	1 Chapter 15 Homework Due	BSBA 4 BSBA 6
13	Computing Earnings Per Share and A Simple Capital Structure	Ch.16, pps, 792---797	3	7;11	BSBA 4 BSBA 6 BSBA 2
15	Computing Earnings Per Share and A Complex Capital Structure	Ch.16, pps, 797 – 806	4	13;15; 16; C2	BSBA 4 BSBA 6
20	Investments in Debt Securities	Ch.17, pps, 837 – 846	1	1 Ch 16 homework due
20	Investments in Equity Securities	Ch.17, pps, 847 – 853	2;6	2;4	BSBA 4 BSBA 6
22	Other Reporting Issues	Ch.17, pps, 853 – 862	9;11	7;12	BSBA 4 BSBA 6
22	Accounting for Derivative Investments	Ch.17, pps, 863--874	13;14	19	BSBA 4 BSBA 6
27	Revenue Recognition at Point of Sale	Ch.18, pps, 905– 911	2	2 Ch 17 homework due	BSBA 4 BSBA 6
27	Revenue Recognition Before Delivery	Ch.18, pps, 912 – 922	5;7	4	BSBA 4 BSBA 6
3-1-07	Revenue Recognition After Delivery	Ch.18 pps, 923– 935	8;13;	8;11	BSBA 4 BSBA 6
6	Test 2 – Chapters 16-18
8	Fundamentals of Accounting for Income Taxes	Ch.19, pps, 963 – 978	1	1 Chapter 18 Homework Due	BSBA 4 BSBA 6
8	Accounting for Net Operating Losses	Ch.19, pps, 978 – 988	3;4	2;4	BSBA 4 BSBA 6
12-16	Spring Break!!!	No classes this week
20	Financial Statement Presentation	Ch.19, pps, 980 – 985	5;6	6;9	BSBA 4 BSBA 6
20	Appendix 19a-   Interperiod Tax Allocation	Ch.19, pps, 989 – 996	9		BSBA 6
22	Accounting for pensions Defined benefit plans and defined contribution plans	Ch.20, pps, 1019 – 1025	1	2 Ch 19 homework due	BSBA 4 BSBA 6
22	Components of pension expense	Ch.20, pps, 1026- 1028	3;4(a & b)	5;7	BSBA 4 BSBA 6
27	Using a Pension Work Sheet	Ch.20, pps, 1028– 1036	10	8	BSBA 4 BSBA 6
27	Review of pension plan accounting	Ch.20, pps. 1019— 1036;		14;C7	BSBA2 BSBA4 BSBA6
29	Accounting for Leases	Ch.21, pps, 1087 – 1102	2	3 Ch 20 homework due	BSBA 4 BSBA 6
29	Accounting by Lessor	Ch.21, pps, 1102-1107	1	4	BSBA 4 BSBA 6
4-3-07	Special Accounting Problems	Ch.21, pps, 1107-1124	7;10	7;13	BSBA 4 BSBA 6
5	Catch up and review for test
10	Test 3—Chapters 19-21
12	Accounting Changes Accounting principles and estimates	Ch.22, pps, 1151-1166	1	2;6 Chapter 21 Homework Due	BSBA 4 BSBA 6
12	Accounting Errors	Ch.22, pps, 1166 – 1173	2;5	8;9	BSBA 4 BSBA 6
17	Financial Statements with Error Corrections	Ch. 22, pps. 1174—1182;	6	15;C7	BSBA 4 BSBA 2 BSBA 6
19	Cash Flow Statement classifications	Ch. 23, pps. 1211-1215		1, 2 Ch 22 homework due
24	Format of the statement of cash flows; indirect vs indirect method	Ch. 23, pps 1215-1220		4, 9,
26	Investing and financing activities	Ch 23, pps 1220-1252		11,12 Ch 23 homework does not have to be turned in
May 9	Final Exam (5 chapters selected by your instructor)