This course covers the development of intermediate accounting theory and practice including such
topics as assets, liabilities, equity, leases, and financial statement analysis.
Course Learning Outcomes: Learners will be expected to...
Understand accounting process.
Become familiar with non-current operating assets.
Calculate liability and equity transactions.
Identify accounting applications using special situations in income determination
and reporting.
Acquire knowledge of leases.
Understand accounting changes and error corrections.
Become aware of owners' equity characteristics.
Gain knowledge of accounting concepts and accepted practices.
Course Concepts: Learner will understand major concepts of...
Non-current Operating assets.
Long-term Investments.
Current and Contingent Liabilities.
Long-term Debt Securities.
Inventory analysis
Course Learning Assessment:
Learners are expected to complete all performance requirements for the course and to demonstrate
mastery of the course concepts and course learning outcomes through examinations.
Intermediate Accounting, 15th Edition, by James Stice, Earl Kay Stice, & Fred Skousen.
South-Western (Thomson Learning), 2004. (Lower cost used textbooks are available.) ISBN: 0324304145
Optional:
Study Guide to accompany Intermediate Accounting (Vol 1), 15th Edition. South-Western (Thomson Learning), 2004. ISBN: 0324183771
References & Readings * :
* These are recommended reading if the student needs more in-depth information on a topic.
The class can be passed with purchasing the primary textbook only.
Brock, Horace R., Charles E. Palmer and Billie M. Cunningham, Financial Accounting Principles
and Applications, 5th ed., New York, NY: McGraw Hill Book Co., 1986.
Matz, Adolph and Milton F. Ursy, Cost Accounting Planning and Control, 12th ed., Cincinnati,
OH: South-Western Publishing Co., 1984.
Moriarity, Shane and Carl P. Allen, Cost Accounting, New York, NY: Harper & Row,
Publishers, 1984.
Schick, P. Charlene, Jean Gonzalez and David S. Kennedy, Accounting Fundamentals,
Englewood Cliffs, NJ: Prentice-Hall, Inc., 1987.
Daley, Lane and Vigeland, Robert, Intermediate Accounting, Southwestern Publishing
Company, Cincinnati, OH, 1994
Your grade for this course will be based upon mastery of course concepts as demonstrated by
successfully completing the following requirements. Each test is weighted equally in the grade
for the course.
Term Assignments:
In order to fulfill course requirements, chapter tests are to be submitted according to the
following schedule. This is designed in order that ongoing feedback can be provided. The following
is a list of the chapter divisions.
Recommended Schedule for Course Completion:
Week 1
Chapters 8 & 9
Week 2
Chapter 10
Submit tests covering chapters 8, 9, & 10
Week 3
Chapter 11
Week 4
Chapter 12
Week 5
Submit tests covering chapters 11 & 12
Week 6
Chapter 13
Week 7
Chapter 14
Week 8
Submit tests covering chapters 13 & 14
Assignments:
Chapter
8 - Do all "case" studies at the end of the chapter.
9 - Do all "case" studies at the end of the chapter.
10 - Do all "case" studies at the end of the chapter.
11 - Do all "case" studies at the end of the chapter.
12 - Do all "case" studies at the end of the chapter.
13 - Do all "case" studies at the end of the chapter.
14 - Do all "case" studies at the end of the chapter.
