Accounting 304
CLASS SCHEDULE*
Fall 2003
Note: Supplementary Study Materials and Self-Grade Quizzes referred to below can be found on the Web at: www.mhhe.com/spiceland3e
| WEEK BEGINNING: | TOPIC |
READING ASSIGNMENT |
WRITING ASSIGNMENT |
| September 2 | Environment and Theoretical Structure of Financial Accounting | Text: Ch. 1; Read rest of course schedule. | Turn in completed course contracts by September 9th. Review the Essentials of Accounting CD and Chapter 2 on your own by September 9th. Self-assessment test due in class on September 11th. |
| September 4 | Environment and Theoretical Structure of Financial Accounting | Chapter 1 | Ex. 1-12; Case 1-4,8,11-13 (due in class September 9th) Self-assessment test due on September 11th |
| September 9 | Accounting Cycle Review | Text: Ch. 2; Essentials of Accounting CD | Prob. 2-6. Read Chapter 3 for next class. |
| September 11 | Grade Self-Assessment Tests | Chapters 1 & 2 | Read Chapter 3 |
| September 16 | The Income Statement and Statement of Cash Flows | Chapter 3 | Read Chapter 3 before class! |
| September 18 | The Income Statement and Statement of Cash Flows | Chapter 3 | Ex. 3-6, 3-11: Case 3-2,3-3. Team to present Case 2 in class to be announced. |
| September 23 | The Balance Sheet | Chapter 5 | Ex. 5-9; Case 5-7, 9, 15. |
| September 25 | The Balance Sheet | Chapter 5 | Case 5-9, 15. Read Ch. 22. With respect to calculating cash flows from operating activities, only read the section on the indirect method. |
| September 30 | The Statement of Cash Flows | Chapter 22 | Ex. 22-23 |
| MARCH 2 | The Statement of Cash Flows | Chapter 22 | P. 22-15; Case 22-1. |
| MARCH 7 | Test: Chapters 1,2, 3,5,22 | Chapters 1, 2, 3, 5, 22 (Review class notes, Coach CD, Essentials of Accounting CD) | Read Chapter 6 |
| MARCH 9 | Time Value of Money Concepts | Chapter 6 | Problems 6-3, 6-8, 6-13, 6-14. Read Chapter 10. |
| MARCH 14 | Time Value of Money Concepts | Chapter 6 | Problems 6-3, 6-8, 6-13, 6-14. Read Chapter 10. |
| MARCH 16 | Operational Assets: Acquisition and Disposition | Chapter 10 | Problem 10-5, 10-9. |
| MARCH 21 | Operational Assets: Acquisition and Disposition | Chapter 10 | Problem 10-6, 10-7. Read Chapter 17 through page 860. |
| MARCH 23 | Pensions | Chapter 17 | Complete problems 17-2, 17-4, 17-6 for next class. |
| MARCH 28 | Pensions | Chapter 17 | Problems 17-2, 17-4, 17-6. Complete Case 17-1 for next class. |
| MARCH 30 | Pensions | Chapter 17 | Case 17-1 |
| November 4 | Test: Chapters 6, 10, 17 | Review all study material on Ch. 6, 10 & 17. | Read Chapter 16 |
| November 6 | Accounting for Income Taxes | Chapter 16 | Read Chapter 16. Take-home test # 2 will be due on November 18. |
| November 11 | Accounting for Income Taxes | Chapter 16 | Problems 16-2, 16-3, 16-10 |
| November 13 | Accounting for Income Taxes | Chapter 16 | Problem 16-8, Case Case 16-1. Read Chapter 15 through page 729. Take-home exam #2 due next class. |
| November 18 | Leases | Chapter 15 | Grade take-home exam #2 in class |
| November 20 | Leases | Chapter 15 | Problem 15-2. For next class, read first requirement of the Business Activity Model (BAM). Arrange to meet with your team outside of class to formulate questions to pose to the client (me) during the next class. (Ideally, each group should come up with nine questions about the financial statements and disclosures.) Prior to the following class, look through the basic set of financial questions and determine whether anything appears to be missing (EPS disclosure, Statement of Cash Flows, common stock specifics, allowance for bad debts, supplies, deferred fees), and whether anything is there that should not be. Is there anything in the statements that seems to contradict what you read in the narrative description of the company's activities? |
| November 25 | BAM Requirement 1 @ 2: Demonstration | Ch. 5, p. 213; Ch. 19, pp. 902-903, Ch. 20, pp. 945-947; Ch. 3, pp. 132-134. | Professor will demonstrate how teams should ask the client questions about specific aspects of its financial statement presentation. For example (this is a freebee), "Is an allowance for doubtful accounts needed, i.e., are all of your receivables considered collectible?" Other hints are to look at supplies, start-up and licensing costs, maintenance contracts, lease agreements (Ch. 15), common stock information, EPS, statement of cash flows. Also, professor will demonstrate correcting entries and corrected financial statements for year 1. |
| November 27 | Thanksgiving!! | BAM Requirement 3 | Requirement 3. |
| December 2 | BAM Requirement 4&5: (questions) | Ch. 10, pp. 425-449. | Complete Requirements 4&5 |
| December 4 | BAM Requirements 6&7 : (correcting entries) | Ch. 10, pp. 425-449. | Complete Requirements 4&5 |
| December 9 | BAM Requirement 8: Review Financial Statements for Year 2. BAM Requirement 10: Year 3 financial statements. |
Ch. 13, p. 572; Ch. 2, p. 73. Ch. 12, pp. 522-532; Ch. 17, pp. 784-816; Ch. 11, pp. 497-499. |
Student groups will query client on specifics of Year 2 financial statements. Read suggested text pages for next class next class. |
| December 11 | BAM Correcting Entries for Year 2 |
Ch. 13, p. 572; Ch. 2, p. 73. Ch. 12, pp. 522-532; Ch. 17, pp. 784-816; Ch. 11, pp. 497-499. |
Student groups will present correcting journal entries. Meet with your group outside of class to prepare corrected financial statements for Year 2. These will be due the day of the final examination. |
| December 15-19 |
Final
Examination (exact date TBA) |
Chapters 15, 16 and assigned BAM reading material. |
Review homework problems, class notes, BAM requirements. |
*The dates outlined in the course schedule are tentative. In some cases we may complete coverage of particular subject matter ahead of schedule and at other times more difficult material might take longer to disseminate than expected. Again, should you fail to attend a particular class due to circumstances beyond your control please contact a classmate to obtain notes and missed assignments. Please note that you are welcome to attempt additional problems on your own. Solutions to chapter problems will be made available in the library after coverage of each chapter is completed.