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, 12th 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

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)