CITY
UNIVERSITY OF NEW YORK
Baruch
College
Stan
Ross Department of Accountancy
Accountancy
3100
Fall
2003
Class sessions
Section MW74A: Mondays and Wednesdays, 7:40 – 9:20 pm – Room 9150
VC
Instructor
Jan Sweeney, Ph.D.
Address: Box 12-225, 55 Lexington Avenue, New York, N.Y. 10010
Office: Room 12-262; Telephone (646) 312-3201(Voice mail) or (646)
312-3160 (Department)
Fax: (646) 312-6161;
E-Mail :jan_sweeney@baruch.cuny.edu or swnyjan@hotmail.com
Office hours: Tuesday 4.30 – 5.30 pm and Wednesdays, 6:00 – 7:00
pm,
Mondays 6.00 – 7.00 pm only
on Quiz days, and by appointment
Course objectives
The goal of this course is developing skills for a successful
career in professional accounting, including:
§ technical
understanding of alternative accounting concepts and practices, and their
effects on
financial statements
§ broad
ranging analysis and evaluation of the impact of alternative accounting methods
on capital markets, managerial motivation and politics
§ a
solid set of ethical standards
The course presupposes mastery of the subject matter of all course
prerequisites, especially introductory and intermediate financial accounting
3000.
Class format
Classes are lecture-discussion sessions with most of the time
devoted to considering conceptual implications of homework problems. From time to time, subject matter, not
previously assigned, will be introduced.
Students are responsible for all subject matter covered in class or assigned
for homework. The reading and homework
assignments should be completed prior to class to maximize the learning experience. Solutions to assigned problems serve as the basis for the lecture
and/or class discussion of conceptual issues.
Solutions are on reserve and will be posted on the web after class. You should concentrate on understanding the
rationale underlying these solutions.
Students are expected to register their e-mail addresses on Baruch
College's Electronic Blackboard, and to monitor Blackboard for announcements,
assignments, and messages about this course
Textbook
Kieso, Donald E, Weygandt, Jerry J., and Warfield,Terry D., Intermediate
Accounting, Volume II (11th ed.; John Wiley and Sons Inc., 2003). The Problem Solving Guide s optional
Selected articles, papers,
class notes, and problems will be distributed throughout the semester.
Professor Rita Ormsby is the Accounting Librarian. She is available to assist students and faculty in accessing Newman Library resources. Contact: Rita_Ormsby@baruch.cuny.edu
Class participation and professionalism
Only students aspiring to be professional accountants should enroll
in this course. Professional accountants
are neat in attire and work habits.
They follow directions in preparing accurate, professional, audit work
papers and tax returns. You are
expected to behave and perform on a professional level.
Professionalism includes attendance, timeliness, participation, submitting
homework promptly, respect for others, high ethical standards, and general
conduct consistent with your professional aspirations. Think of the class as a
meeting of the board of directors. Be
punctual, turn off your cell phone, consume beverages (and clean up spills)
discretely, discard beverage containers, wrappers, etc., in the appropriate
receptacles. Please don’t eat or
repeatedly schedule interviews during board meetings. If you have to be absent, find out from your co-workers what went
on at the meeting, don’t draw attention to your absence by asking the President
to give you a private review! At the meeting you will be assessed on the
answers you give to issues arising from the agenda and on raising thoughtful
questions
I will give each class member a large-type name card. Please bring it to our class ” board
meetings” everyday. I will maintain a seating chart. You are expected to sit in
your assigned seat after the second week.
Homework
I have made every effort to assign readings and problems that are
clearly worded, but English has it’s limitations in explaining and applying
accounting concepts. If you have trouble with a problem, make assumptions that
allow you to answer the question, avoid assumptions that make any answer impossible! If you don’t have time to read and do the
problems, DO THE PROBLEMS, SKIP THE READING.
Problems with an asterisk are to
be turned in for grading on the assigned date. If absent, FAX, e-mail, or snail
mail the homework to me by the specified date. Treat all homework
submissions as if you were doing a special project for your future employer and
submit work you would be proud to submit to her. Use a #2 soft lead pencil, not pen and ink. Print your name in the upper right hand
corner, surname first. Solutions
should be on wrinkle-free 8-1/2" x 11 sheets and should not be reduced,
cut, creased, or smudged. ALL machine
copies of the solution manual are UNACCEPTABLE.
Examinations and grading policy (approximate)
Homework
|
5% |
Class
participation and professionalism (includes 2 brownie points) |
5% |
5 Midterm Quizzes (12% each) |
60% |
Final
examination |
33% |
Total |
102% |
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A passing grade on the final examination is required to pass the
course. In addition to superior performance
on examinations, constructive class participation is required to earn an
"A" as the final grade in the course. Examinations may include essay questions. Quizzes and examinations are closed
book
Examinations are cumulative with an emphasis on the more recent
subject matter. There are no make-up
quizzes, and a make-up final examination is given only due to documented
problems according to College policies, typically at the end of the next
regular semester. If you have a reasonable
and documented excuse for missing a quiz and communicate it to me within one
week, its weight will be dropped in determining your final grade; otherwise,
you will receive a grade of 0. If you
or miss two or more quizzes you should drop the course.
Academic honesty and integrity
Any form of academic dishonesty undermines the value of the academic degrees earned by all Baruch College students. I expect you to honor Baruch College’s standards regarding academic honesty and integrity in course work and examinations, and to report violations by other students to the instructor immediately. All reported incidents of academic misconduct will be kept confidential. Using notes, giving or receiving help from another student during an examination constitutes cheating. Any effort to gain an advantage not given to all students is dishonest and another form of cheating, even if the effort is unsuccessful. Students caught cheating risk severe academic penalties, including a failing grade on the examination, a failing grade in the course, suspension and/or dismissal from the College.
Suggestions for studying
(a) Prepare
for each class session as if it were a board meeting. Read the text BEFORE class.
You are going to read it sometime, so find time before class when it
will be most beneficial to you. If you
are exposed to a concept or procedure for the first time in class, you will
have difficulty grasping it. We cannot
hold up the class because class time is very limited. It is essential to grasp
the conceptual material.
(b) Illustrations
are worth a thousand words. While
reading, check the figures in the examples - mentally or with a calculator -
and draw up the T accounts to make sure that you understand the relationships
among the numbers, but don’t get bogged down in long numerical illustrations
that stretch on for many pages.
(c) Work the assigned problems before looking at
the solutions as if you were taking an examination. Solving the problems without looking at the solutions is the best
way to make sure you know how to tackle a problem on the exam and a good way to
determine that you have grasped the material.
Consult solutions only when you get stuck. Learning accounting is like learning to ride a bike -- you need
practice! Further, having learned to
ride a bike, you do not forget how because the knowledge is generalized all
over the brain, not in short or long term memory. Consequently you cannot “draw a blank” on the exam.
(d) Keep
up with the course. This is a comprehensive course and the material builds upon
itself. I have limited the number of problems assigned to those that can be
covered in a reasonable amount of study time.
Procrastinating is a certain recipe for failure in this course. It is almost impossible to absorb the
material in intense study sessions prior to the exams. You need to schedule
regular weekly times to study with the same intensity that you study just prior
to exams. If you find you cannot cover the assigned problems in the time
available, you should DROP THE COURSE.
All-night cram sessions are an especially poor way to study. Lack of sleep reduces your ability to think
and reduces the speed with which you can read and solve the exam problems.
(e) Form
study groups. Students who work
together on homework assignments and who discuss the assigned reading
understand the material better.
Studying together for quizzes and exams is also helpful.
Tentative Outline
Date
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Day |
Class |
Subject |
Text |
Problems (*Graded)
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Sep |
3 |
W |
1 |
Introduction;
Stockholder’s Equity |
Chapter
15 |
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*E
2, 14 |
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8 |
M |
2 |
Stockholder’s
Equity and EPS |
Chapters
15 |
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*E
7, 17 |
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10 |
W |
3 |
Stockholder’s
Equity and EPS |
Chapters
15 |
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*P10 |
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15 |
M |
4 |
Stockholder’s
Equity and EPS |
Chapters
15 |
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*P12 |
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17 |
W |
5 |
Stock
Compensation plans and Diluted EPS |
Chapter
16 |
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*E
4, E8, E22, P2 |
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22 |
M |
6 |
Quiz
1 |
Chapter
15 |
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Stock
Compensation plans and Diluted EPS |
Chapter 16 |
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24 |
W |
7 |
Stock
Compensation plans and Diluted EPS |
Chapter
16 |
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*E
8 11, 24, 25, P3 |
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29 |
M |
8 |
Stock
Compensation plans and Diluted EPS |
Chapter
16 |
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*E
27, P4, 6, 8 |
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Oct |
1 |
W |
9 |
Accounting
for Income Taxes |
Chapter
19 |
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*E
8, 11 |
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6 |
M |
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No
Class |
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7 |
Tu |
10 |
Accounting
for Income Taxes |
Chapter
19 |
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*E
17, E 9 |
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8 |
W |
11 |
Quiz
2 |
Chapter
16 |
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Accounting
for Income Taxes |
Chapter
19 |
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*E
24, P7 |
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13 |
M |
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No
Class |
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15 |
W |
12 |
Accounting
for Income Taxes |
Chapter
19 |
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*P
9, C 6 |
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20 |
M |
13 |
Accounting
for Pensions |
Chapter
20 |
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*E9,
11, P2 |
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Oct |
22 |
W |
14 |
Quiz
3 |
Ch
19 |
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Accounting
for Pensions |
Chapter
20 |
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E8,
E20, P4 |
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27 |
M |
15 |
Accounting
for Pensions |
Chapter
20 |
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*E14,
E15, P7,P 8 |
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29 |
W |
16 |
Accounting
for Pensions |
Chapter
20 |
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*P10 |
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Nov |
3 |
M |
17 |
Accounting
for Leases |
Chapter
21 |
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*E
3,E 8, P2, C3 |
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5 |
W |
18 |
Quiz
4 |
Ch
20 |
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Accounting
for Leases |
Chapter
21 |
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10 |
M |
19 |
Accounting
for Leases |
Chapter
21 |
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*E
8, P3, P4,,C5 |
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12 |
W* |
20 |
Accounting
for Leases |
Chapter
21 |
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*E
15, P10, P13, |
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17 |
M |
21 |
Accounting
Changes and Error Analysis |
Chapter
22 |
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*E
2, E4, P1 |
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19 |
W |
22 |
Accounting
Changes and Error Analysis |
Chapter
22 |
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*E
7, E11, P10 |
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24 |
M |
23 |
Statement
of Cash Flows |
Chapter
23 |
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*E
1, E 5, E 13, P4 |
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26 |
W |
24 |
Quiz
5 |
Chapter
21 & 22 |
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Statement
of Cash Flows |
Chapter
23 |
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Dec |
1 |
M |
25 |
Statement
of Cash Flows |
Chapter
23 |
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*E
20, E21, P9 |
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3 |
W |
26 |
Statement
of Cash Flows |
Chapter
23 |
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*E
20, E21, P9 |
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8 |
M |
27 |
Full
Disclosure in Financial Reporting |
Chapter
24 |
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*P
24, C 3, C6 |
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10 |
W |
28 |
Full
Disclosure in Financial Reporting |
Chapter
24 |
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*C
9, C10 |
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Final
examination as Scheduled |
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November
14 is the last day to |
withdraw |
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