1

Accounting

Central College

Business, Financial & Legal Studies

Division Chair: Dr. Mesfin Genanaw

Instructor: Charles Lewis

ACNT 2303 - Intermediate Accounting I

CRN 77181 – 16-Week Spring 2012

Distance Education

This class will be using Eagle On Line. https://hccs1.mrooms3.net/login/index.php

Instructor Information:

Instructor: Charles Lewis

Office Location: Central Campus

Office Hours: By appointment

Phone #: 713-823-9667

Email: School-charles.lewis@hccs.edu

Class-Use Eagle On Line mail

Office Location and Hours:

Please feel free to contact me through Eagle On Line “Mail” or by telephone at 713-823-

9667. After the course is completed you also can contact me through HCCS email. The

Accounting Department is located in the BSCC Building Room 206

Syllabus Changes

The syllabus is subject to change. When changes occur the instructor will advise the

students during class time and as an announcement on Eagle on Line.. It will be the

students responsibility when absent to check with the instructor or students or check

Eagle on Line for announcements.

Intermediate Accounting General Information:

Intermediate Accounting is divided into two (2) courses at Houston Community College

and most other universities, Intermediate Accounting I (ACNT 2303) and Intermediate

Accounting II (ACNT 2304). Issues to be examined in Intermediate I are described in

Course Description below. ACNT 2303 somewhat parallels your pre-requisite course

Accounting 2301 but in greater detail

Course Description:

ACNT 2303 is a critical analysis of generally accepted accounting principles, concepts,

and theory, underlying preparation of financial statements; emphasis on current theory

2

and practice; covers the theoretical and practical basis for financial statements, present

value applications, and the theory and practice of accounting for cash, receivables,

inventories, liabilities, long-term investments, depreciable and depletable property, and

intangible assets.

Prerequisites:

ACCT 2301 (Financial Accounting), ACCT 2302 (Managerial Accounting)

FREQUENT REQUISITES

MATH 0306 (Basic Math Pre-Algebra)

GUST 0342 (9th -11th Grade Reading)

ENGL 0300 or 0347

Program/Discipline Requirements: If applicable:

1. EXCEL-Students will work in EXCEL following textbook example formats,

labels, and formulas

2. Internet-Students will use HCC webmail, learning web, blackboard, lock-down

browser, and HCC LibLine (24/7 Library)

Ethics-Students will develop personal values for ethical behavior

Course Goals:

The primary purpose of Intermediate Accounting I is to provide the students with a

comprehensive and in depth course in financial accounting. The course is designed to

meet the needs of those students who are preparing for a career in accounting.

Academic Discipline/CTE Program Learning Outcomes

1.. Students will be able to read, listen, speak, and write proficiently in preparation for

presentations with clients, accounting firms and compliance work.

2. Students will demonstrate complete understanding of the complete accounting cycle.

3. Students will be able to prepare financial statements and tax returns utilizing

computerized software packages, ie. Turbo Tax, Peachtree, and/or Quick Books.

4. Students will be able to reconcile and verify account balances, audit for internal

control, and prepare financial statements.

Course Student Learning Outcomes (SLO):

Students will:

1. Students will illustrate time value of money and report, receivables & inventories

2. Students will report depreciable and depletable property

3. Students will report intangible assets, current liabilities and contingencies, and long-

term liabilities

Learning objectives

The student will be able to:

3

Students will illustrate time value of money and report, receivables & inventories

1. Students will apply expected cash flows to present value measurement

2. Students will compare cost flow assumptions used to account for inventories

3. Students will determine ending inventory

4. Students will account for loan impairment

Students will report depreciable and depletable property

1. Students will illustrate accounting issues related to valuing plant assets

2. Students will illustrate accounting issues related to asset impairment

Students will report intangible assets, current liabilities and contingencies, and long-

term liabilities

1. Students will illustrate accounting issues related to intangible-asset impairments

2. Students will account for different types of loss contingencies

3. Students will account for debt restructuring

SCANS or Core Curriculum Statement

The Secretary’s Commission on Achieving Necessary Skills (SCANS) from the U.S.

Department of Labor was asked to examine the demands of the workplace and whether

our students are capable of meeting those demands. Specifically, the Commission was

directed to advise the Secretary on the level of skills required to enter employment. In

carrying out this charge, the Commission was asked to do the following:

Define the skills needed for employment

Propose acceptable levels of proficiency

Suggest effective ways to assess proficiency, and

Develop a dissemination strategy for the nation’s schools, businesses, and homes SCANS

research verifies that what we call workplace know-how defines effective job performance

today. This know-how has two elements: competencies and a foundation. This report

identifies five competencies and a three-part foundation of skills and personal qualities that

lie at the heart of job performance. These eight requirements are essential preparation for all

students, whether they go directly to work or plan further education. Thus, the competencies

and the foundation should be taught and understood in an integrated fashion that reflects the

workplace contexts in which they are applied.

Assignment Schedule:

An assignment schedule is below. This schedule will be followed throughout this course.

Any modifications to this schedule will be announced in class

ACNT 2303 HCC-Spring Semester 2012

Distance Education

See Wiley Plus for Chapter Assessment and Homework

Schedule Due Dates

Below is suggested start dates

DATE DAY CH TOPIC

1/17 T

1

Classes Begin

Financial Accounting and Standards

4

1/18 W Last day to add/drop/swap

1/23 M 2 Conceptual Framework Underlying Financial

Accounting

1/30 M 3 Accounting Information System

2/06 M 4 Income Statement and Related Information

2/13 M 5 Balance Sheet and Statement of Cash Flows

Omit Appendix 5A and 5B

2/20 M 6 Accounting and the Time Value of Money

2/27 M 7 Cash and Receivables

3/05 M 8 Valuation of Inventories

3/12 M Spring Break

3/19 M 9 Inventory: Additional Valuation Issues

3/26 M 10 Acquisition and Disposition of Property, Plant

and Equipment

3/29 Th Last Day for Withdrawal with a "W" 4:30 pm

4/02 M 11 Depreciation, Impairments, and Depletion

4/09 M 12 Intangible Assets

4/16 M

4/23 M

5/06 Sun Official Instruction Ends

5/07 M

5/13 S Semester Ends

5/18 F Grades available on line

Evaluation and Requirements:

Students are expected to read all assigned chapters, complete and submit all assignments

and quizzes on or before the due dates.

Accounting is best learned through doing. Therefore, there are always homework

assignments to do. This will require a considerable commitment of time and effort from

you. Your final grade for this course will be based on how well you do in meeting the

evaluation requirements listed on your assignment schedule and applying the grading

scale which is listed below.

Wiley Plus Exercises:

The Wiley Plus Exercises are the same exercises located in the back of each chapter. The

end of chapter Brief Exercises, Exercises and Problems solutions can be located in a

folder labeled "Chapter Solutions" in Eagle on Line. Your Wiley Plus Exercises will be

the same facts but different numbers than in the book and each student will get a different

set of numbers. You will get 2 attempts using the same facts and numbers before you

have to submit for grading. The system will refer you to references for assistance.

Wiley Plus Assessments:

The Wiley Plus assessments are multiple choice problems that come from a Wiley test

bank. Each student will get a separate assessment as the problems are randomly

5

generated from a pool. You will get 2 attempts on each question before you have to

submit for grading.

Take in consideration that your internet provider may be down or computer problems.

Student Grading Processes:

Evaluation Requirements:

Chapter Type Wiley Plus Pts Wiley Plus Pts Due

Exercises Multiple

choice/TF See Wiley Plus

1 Exercises None Assessment 100 2 Exercises Assessment 100 3 Exercises Ex 3-1 5.5 Ex 3-2 12

Ex 3-5 10

Ex 3-11 29.5

Ex 3-14 10 Total 67 Assessment 33 4 Exercises Ex 4-2 3

Ex 4-3 11 Ex 4-5 23 Ex 4-9 6 Ex 4-14 12 Total 55 Assessment 45 5 Exercises Ex 5-5 22

Ex 5-8 5 Ex 5-12 40 Total 67 Assessment 33 6 Exercises Ex 6-5 6

Ex 6-2 3 Ex 6-3 12 Ex 6-10 6 Ex 6-15 6 Ex 6-17 5 Total 38 Assessment 62 7 Exercises Ex 7-1 6

Ex 7-5 12 Ex 7-6 9 Ex 7-7 4 Ex 7-8 3

6

Ex 7-12 15 Ex 7-15 4 Ex 7-17 8 Ex 7-22 11

Total 72 Assessment 28 8 Exercises Ex 8-2 5

Ex 8-4 10 Ex 8-7 8 Ex 8-8 15 Ex 8-16 20 Ex 8-25 6 Total 64 Assessment 36 9 Exercises Ex 9-3 4

Ex 9-7 4 Ex 9-11 4 Ex 9-18 15 Ex 9-20 5 Total 32 Assessment 68 10 Exercises Ex 10-2 4

Ex 10-3 13 Ex 10-13 12 Ex 10-19 9 Ex 10-24 20 Total 58 Assessment 45 11 Exercises Ex 11-1 12

Ex 11-3 8 Ex 11-5 8 Ex 11-8 4

11-13 16

11-16 10

Total 58 Assessment 45

12 Exercises Ex 12-3 4 Ex 12-6 12

Ex 12-7 8 Ex 12-9 18 Ex 12-15 6 Total 50 Assessment 50 Total 561 645

7

HCC Grading Scale:

A = 100- 90 4 points per semester hour

B = 89 - 80: 3 points per semester hour

C = 79 - 70: 2 points per semester hour

D = 69 - 60: 1 point per semester hour

59 and below = F 0 points per semester hour

FX (Failure due to non-attendance) 0 points per semester hour

IP (In Progress) 0 points per semester hour

W (Withdrawn) 0 points per semester hour

I (Incomplete) 0 points per semester hour

AUD (Audit) 0 points per semester hour

IP (In Progress) is given only in certain developmental courses. The student must re-

enroll to receive credit. COM (Completed) is given in non-credit and continuing

education courses. To compute grade point average (GPA), divide the total grade points

by the total number of semester hours attempted. The grades "IP," "COM" and "I" do not

affect GPA.

See "Health Science Program/Discipline Requirements" for grading scale

Evaluation Requirements:

Chapter Homework and

Assessments through Wiley Plus

12 Chapters @ 100 points each

There are some extra bonus points

built into the assignments

1200 points

Total 1200 points

Grading Scale:

90 - 100% = A 1080 to 1200 points

80 - 89% = B 960 to 1079 points

70 - 79% = C 840 to 959 points

60 - 69% = D 720 to 839 points

BELOW 60% = F 0 to 719 points

Textbook and Related Material (Required):

Text: Intermediate Accounting 14th

Edition with Wiley Plus

by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield

Publisher:Wiley and Company

SBN: 9781118088296 Bundled with Wiley Plus Code Loose Leaf

SBN: 9781118088289 Bundled with Wiley Plus Code with a Binder

8

There are other versions with the Book-See link below

Volume 1 Chapters 1-14 9780470587287 without the Wiley Plus Code

Volume 2 Chapters 15-24

Combo Book of all 24 chapters 978-0-470-58723-2 without the Wiley Plus Code Combo Book of all 24 chapters Binder Book 978-0-470-91783-1 w/o WP

If you buy or rent a book, you will have to purchase the Wiley Plus code separate

http://www.wiley.com/WileyCDA/WileyTitle/productCd-EHEP001739.html

HCCS Bookstore Information is below

WileyPlus

This semester we will be using WileyPlus as an additional learning tool and for

testing. With WileyPlus you can buy the book as an ebook and it comes with

practice tests and quizzes, power point presentations, glossary and many other

learning tools. Also all of you assigned homework and assessments will be located

and taken in Wiley Plus. If you have already purchased your book because you

prefer a hard copy of the book from the book store it should have come with Wiley

9

Plus code. If you bought your book without the Wiley Plus code, you can still

purchase the access code from Wiley. See Textbook and Related Material above. Wiley suggests the following method to log in: Optional log in by class search by locating Houston Community College in Wiley

System: https://edugen.wiley.com/edugen/secure/index.uni Students - Get Started houston comm coll Select by Course or by Instructor

Direct url link to your Wiley Plus if you already have an account:

http://edugen.wileyplus.com/edugen/class/cls249369/

DO NOT START YOUR WORK IN WILEY PLUS UNTIL 1/18/2012 AS THE

COURSE MAY STILL BE UPDATING BY WILEY PLUS AND INSTRUCTOR

Publishers Website:

http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0470587237&bcsId=6326

HCC Policy Statements

Link: http://www.hccs.edu/hccs/faculty-staff/policies-procedures-hcc

Americans with Disabilities Act (ADA)-Students with Disabilities:

Any student with a documented disability (e.g. physical, learning, psychiatric, vision,

hearing, etc.) who needs to arrange reasonable accommodations must contact the

Disability Support Services Office at the beginning of each semester. Professors are

authorized to provide only the accommodations requested by the Disability Support

Services Office.

DE students who are requesting special testing accommodations may choose the most

convenient DSS office for assistance each semester:

District ADA Coordinator – Donna Price – 713.718.5165

Central ADA Counselors – Jaime Torres & Martha Scribner – 713.718.6164

Northeast ADA Counselor- Kim Ingram – 713.718.8420

Northwest ADA Counselor – Mahnaz Kolaini – 713.718.5422

Southeast ADA Counselor – Jette Lott - 713.718.7218

Southwest ADA Counselor – Dr. Becky Hauri – 713.718.7910

Coleman ADA Counselor – Dr. Raj Gupta – 713.718.7631

After student accommodation letters have been approved by the DSS office and

submitted to DE Counseling for processing, students will receive an email confirmation

informing them of the Instructional Support Specialist (ISS) assigned to their professor.

Academic Honesty:

10

Students are responsible for conducting themselves with honor and integrity in fulfilling

course requirements. Penalties and/or disciplinary proceedings may be initiated against a

student accused of scholastic dishonesty. “Scholarly dishonesty” includes, but is not

limited to, cheating on a test, plagiarism, and collusion. Anyone caught cheating will be

given an F on that assignment and possibly an F in the course. A report on the incident

will also be submitted to all appropriate school officials.

A student who is academically dishonest is, by definition, not showing that the

coursework has been learned, and that student is claiming an advantage not available to

other students. The instructor is responsible for measuring each student's individual

achievements and also for ensuring that all students compete on a level playing field.

Thus, in our system, the instructor has teaching, grading, and enforcement roles. You are

expected to be familiar with the University's Policy on Academic Honesty, found in the

catalog. What that means is: If you are charged with an offense, pleading ignorance of the

rules will not help you. Students are responsible for conducting themselves with honor

and integrity in fulfilling course requirements. Penalties and/or disciplinary proceedings

may be initiated by College System officials against a student accused of scholastic

dishonesty. “Scholastic dishonesty”: includes, but is not limited to, cheating on a test,

plagiarism, and collusion.

Cheating on a test includes:

Copying from another students’ test paper;

Using materials not authorized by the person giving the test;

Collaborating with another student during a test without authorization;

Knowingly using, buying, selling, stealing, transporting, or soliciting in whole or

part the contents of a test that has not been administered;

Bribing another person to obtain a test that is to be administered.

Plagiarism means the appropriation of another’s work and the unacknowledged

incorporation of that work in one’s own written work offered for credit.

Collusion mean the unauthorized collaboration with another person in preparing written

work offered for credit. Possible punishments for academic dishonesty may include a

grade of 0 or F in the particular assignment, failure in the course, and/or recommendation

for probation or dismissal from the College System. (See the Student Handbook)

Attendance:

As stated in the HCC Catalog, all students are expected to attend classes regularly.

Students in DE courses must log into their Blackboard class or they will be counted as

absent. Just like an on-campus class, your regular participation is required.

Although it is the responsibility of the student to withdraw officially from a course, the

professor also has the authority to block a student from accessing Blackboard, and/or to

withdraw a student for excessive absences or failure to participate regularly. DE students

11

who do not log into their Blackboard class before the Official Day of Record will be

automatically dropped for non-attendance. Completing the DE online orientation does not

count as attendance.

Students are expected to log into the class at least twice a week to check for email and

discussion board postings. Checking in everyday would be advisable. Any modifications

to any schedule will be posted in an “Announcement”, email or a revision in the syllabus.

Drops and Withdrawals: HCC Course Withdrawal Policy (updated 7/26/2010)

Beginning Fall 2007, the State of Texas imposes penalties on students who

withdraw/drop courses excessively. Students are limited to no more than SIX total course

withdrawals throughout their educational career at a Texas public college or university.

Students are encouraged to review the HCC 6 Drop Policy.

To help you avoid having to withdraw from any class, contact your DE professor

regarding your academic performance. You may also want to contact your DE counselor

to learn about helpful HCC resources (e.g. online tutoring, child care, financial aid, job

placement, etc.).

HOW TO DROP

If a student decides to withdraw from a class upon careful review of other

options, the student can withdraw online prior to the deadline through their

HCC Student Center.

HCC and/or professors may withdraw students for excessive absences

without notification (see Class Attendance below).

Students should check HCC’s Academic Calendar by Term for withdrawal

dates and deadlines. Classes of other duration (flex-entry, 8-weeks, etc.) may

have different final withdrawal deadlines. Please contact the HCC Registrar’s

Office at 713.718.8500 to determine mini-term class withdrawal deadlines.

The final withdrawal deadline for regular term classes is March 29, 2012 at 4:30pm.

(Revised) Classes of other duration (mini-term, flex-entry, 8-weeks, etc.) may have

different final withdrawal deadlines. Please visit the online registration calendars or

contact the HCC Registrar’s Office to determine class withdrawal deadlines

International Students: Receiving a W in a course may affect the status of your student

visa. Once a W is given for the course, it will not be changed to an F because of visa

considerations.

Early Alert:

HCC has instituted an Early Alert process by which your professor may “alert” you and

DE counselors that you might fail a class because of excessive absences and/or poor

academic performance. A counselor will then reach out to you to discuss your progress

and offer any relevant resources. This initiative is designed to provide students with

support services and resources to assist them in successfully completing their course.

12

Repeat Course Fee

The State of Texas encourages students to complete college without having to repeat

failed classes. To increase student success, students who repeat the same course more

than twice, are required to pay extra tuition. The purpose of this extra tuition fee is to

encourage students to pass their courses and to graduate. Effective fall 2006, HCC will

charge a higher tuition rate to students registering the third or subsequent time for a

course. If you are considering course withdrawal because you are not earning passing

grades, confer with your instructor/counselor as early as possible about your study habits,

reading and writing homework, test taking skills, attendance, course participation, and

opportunities for tutoring or other assistance that might be available.

Incompletes:

It is my policy not to give a grade of “I” (incomplete).

HCC Student Services Information

Link:

http://www.hccs.edu/hcc/System%20Home/Departments/Student_Handbook/student_polic

ies.pdf

DISTANCE EDUCATION: The Distance Education Student Handbook contains policies and procedures unique to

the DE student. Students should have reviewed the handbook as part of the mandatory

orientation. It is the student's responsibility to be familiar with the handbook's contents.

The handbook contains valuable information, answers, and resources, such as DE

contacts, policies and procedures (how to drop, attendance requirements, etc.), student

services (ADA, financial aid, degree planning, etc.), course information, testing

procedures, technical support, and academic calendars. Refer to the DE Student

Handbook by visiting this link:

http://de.hccs.edu/de/de-student-handbook

DISTANCE EDUCATION ADVISING AND COUNSELING SERVICES:

Much DE student information can be found on the DE Student Services website:

de.hccs.edu. Advising or counseling can be accomplished through our online request

form AskDECounseling. Counselors and Student Services Associates (SSA) can assist

students with admissions, registration, entrance testing requirements, degree planning,

transfer issues, and career counseling. In-person, confidential sessions can also be

scheduled to provide brief counseling and community referrals to address personal

concerns affecting academic success.

ASKDECOUNSELING FORM

AskDECounseling is a student services online help form. This is the best and quickest

way for students to get accurate assistance with DE registration, enrollment, advising, and

counseling. The online help form is simple to fill out, convenient, and readily accessible

through the internet. Students do not have to travel to campus sites, leave work, or wait in

13

an office or lobby to receive assistance. Upon submission, student requests are answered

in the order they are received.

INTERNATIONAL STUDENTS

Please contact the International Student Office at 713-718-8520 if you have additional

questions about your visa status.

Distance Education Online Behavior:

As your instructor and as a student in this class, it is our shared responsibility to develop

and maintain a positive learning environment for everyone. Your instructor takes this

responsibility very seriously and will inform members of the class if their behavior makes

it difficult for him/her to carry out this task. As a fellow learner, you are asked to respect

the learning needs of your classmates and assist your instructor to achieve this critical

goal.

Virtual Classroom Conduct:

As with on-campus classes, all students in HCC Distance Education courses are required

to follow all HCC Policies & Procedures, the Student Code of Conduct, the Student

Handbook, and relevant sections of the Texas Education Code when interacting and

communicating in a virtual classroom with faculty and fellow students. Students who

violate these policies and guidelines will be subject to disciplinary action that could

include denial of access to course-related email, discussion groups, and chat rooms or

being removed from the class.

Instructor Requirements:

As your Instructor, it is my responsibility to:

Provide the grading scale and detailed grading formula explaining how student

grades are to be derived

Facilitate an effective learning environment through class activities, discussions,

and lectures

Description of any special projects or assignments

Inform students of policies such as attendance, withdrawal, tardiness and make up

Provide the course outline and class calendar which will include a description of

any special projects or assignments

Arrange to meet with individual students before and after class as required

To be successful in this class, it is the student’s responsibility to:

Attend class and participate in class discussions and activities

Read and comprehend the textbook

Complete the required assignments and exams

Ask for help when there is a question or problem

Keep copies of homework, projects, instructions, emails including this syllabus

SOCIAL NETWORKING:

DE students are encouraged to become a fan of DE on Facebook

14

http://www.facebook.com/HCCDistanceEd and to follow DE on Twitter:

http://twitter.com/HCCDistanceEd

These social networking sites help DE foster student engagement and provide a sense of

community for the online learner. Students will also stay informed about important

information and announcements.

LIBRARY RESOURCES:

As a DE student you have the same access to first-rate information resources that the

HCC Libraries make available to all HCC students. A special website pulls together all

the tools DE students will need to get their research rolling. Visit Library Resources

specifically for Distance Education students.

Library services are available throughout HCC. Through a daily library delivery service

and a listing of all materials belonging to HCC libraries, books may be requested from

and delivered to any campus library. HCC also has cooperative borrowing agreements

with the University of Houston libraries and provides a copy of the Houston Public

library catalog at each library. These arrangements provide students with access to over 4

million volumes.

Special services provided by the library system include photocopying facilities;

specialized equipment for disabled students; group and personalized instruction in library

use, including a self-instructional media program to orient students to the use of the

HCCS libraries; a “term paper” workshop; and online bibliographic search services.

EGLS3 -- Evaluation for Greater Learning Student Survey System

At Houston Community College, professors believe that thoughtful student feedback is

necessary to improve teaching and learning. During a designated time near the end of

the term, you will be asked to answer a short online survey of research-based questions

related to instruction. The anonymous results of the survey will be made available to

your professors and department chairs for continual improvement of instruction. Look

for the survey as part of the Houston Community College Student System online near

the end of the term.

.