Fall Semester, 2007
ACC 3113: Intermediate Accounting I
Tuesday Thursday
Varnell-Jones Hall - Room
#300
Instructor: Dan Ashton Office Hours: Mon
Office: Varnell-Jones
#304 Tues
Wed
Thur
Phone: 425-3219
Fri
Email: ashton@lambuth.edu.
Campus Ext: 2563
Course Description:
An
intensive study of the body of generally accepted accounting principles
concerned with the recognition and matching of revenue and expense to determine
financial accounting, net income, and the related issues of asset measurement
and valuation in external reporting.
Specific areas of coverage include an analysis of balance sheet and
profit and loss statements, together with the theory of valuation and
presentation of the underlying accounts used in these statements.
Required Text:
Intermediate Accounting, 12th edition,
by Kieso and
Prerequisites:
CIS
1503, MTH 1113, ACC 2143 or its equivalent is required.
COURSE REQUIREMENTS AND
EXPECTATIONS
Preparation:
Lectures
and class discussions will be based upon the assumption that all assigned reading
and problems have been completed prior to class. This is a challenging course, so it is very
important that you stay on top of your reading and complete assignments on time.
Homework Assignments:
Homework
is a very important part of this course; you must do it to do well. Homework will be collected and graded for
completeness. Therefore, you should
always be prepared at the beginning of each class period to turn in a copy of
your homework. Late work will not be accepted for credit. Homework assignments will count 20% of your
final grade. All homework must be
prepared using Excel/Spreadsheet software.
You may work together on all homework assignments.
**I am available during office hours to assist
you with homework provided you do the following:
1. You have given the
assignment your best shot and you have spent an adequate amount of time on it.
2. You come into my office and
show me 1) what all you have done, and 2) the precise point where you are
stuck.
3. You do not come into my
office with a blank sheet of paper and say something to the effect of “Let’s do
this homework assignment.”
4. You do not come into my
office and tell me you tried it but couldn’t get anywhere and then proceed to
pull out a blank sheet of paper.
5. You do not come into my
office without having read the assigned material.
6. You do not come into my
office 30 minutes before class.
7. If you follow these rules, I
will do my best to get you going in the right direction. Remember all homework will also be covered in
class.
Quizzes:
Quizzes
will be completed before that chapter is covered in class. Quizzes will be worth 5% of your final
grade.
Exams:
There
will be four exams during the term worth 75% of your final grade. Exams will cover reading assignments, lecture
notes, homework assignments, etc.
There will be no makeup exams.
Should you miss an exam for an excused reason your next exam will be
re-weighted to count for the missed exam.
If you know you are going to miss an exam, you may make arrangements to
take the exam early. Exams may consist
of multiple choice, short answer, problems, and/or essays. Exam dates will be announced at least two
weeks prior to the exam date. You may
not share calculators during exams or quizzes.
Attendance:
Regular
attendance is necessary for satisfactory performance in this course. While it is understandable that an absence is
occasionally unavoidable, each student is entirely responsible for making up
any missed assignments or lecture notes.
Homework will be accepted early. Excused
absences will include 1) statement from a doctor, 2) statement from school
nurse, 3) official school events, and 4) family emergencies. No
absence will be excused untill a memo is provided explaining why it should be
excused. More than two unexcused absences will result in your final grade being
reduced by one letter grade.
Academic Honesty:
I am a strong supporter of academic honesty. ANY CHEATING OBSERVED WILL RESULT IN AN AUTOMATIC FAILURE OF THE COURSE. I am required to report any incidence of cheating to the school head and academic dean.
Grades:
Four Exams -- 75%
Learning Accommodations:
Learning accommodations will be made for students who have documentation on file with the Director of Student Disability Services. For those students, the following accommodations maybe made if warranted:
1. Extra time to for test taking;
2. Allow the use of a tape recorder to record class discussions;
3. Allow students to have someone else take notes on their behalf.
No other accommodations will be guaranteed, but other accommodations will be considered. The instructor will make the final decision on other accommodations. The instructor will work with the Office of Student Success and Retention to help to help any student find a tutor.
1. Read each chapter before the class in
which the chapter will be discussed.
This way, the material presented will make more sense.
2. Develop a study pattern and try to
retain the material conceptually rather than memorizing everything. It is important to understand the “how” and
the “why”.
3. Keep up! Falling
behind is devastating.
4. Some of the material can be confusing,
don’t give up. Sometimes, you will need
to review the material several times; be persistent.
5. Develop a good system for taking notes
that will help your present and for future study (other classes, CPA
preparation). Sometimes, studying your
own notes is easier than studying from the text.
6. Review your notes often to become more
familiar with the material. Then when
you study, it will not seem like you are learning new material.
7. Reinforce the things you have learned
by spending some time with problems at the end of each chapter. Most exam questions will be problems similar
to assigned homework.
Statement of Integrity:
“Coercion of faculty to
change grades is strictly prohibited; grade change requests must follow
University established guidelines; refer to the Lambuth Handbook for details;
any grade change must be supported by adequate and substantial
documentation.