|Student Learning Outcomes -|
- Formative and/or summative assessments, including representative problems from chapters/topics covered in the class.
- explain financial accounting terminology, principles, concepts, methods, and /or procedures ? at intermediate level
|Description - |
|Accounting for Investments, income taxes, pensions and post-retirement benefits, leases, and accounting changes and error analysis; also covered, the cash flows statement, and full disclosure in financial Reporting.|
|Course Objectives - |
|Student will be able to: |
- research the relevant financial accounting standard (s) as they relate to questions, problems, or other accounting issues.
- apply financial accounting standards in solving problems and cases.
- present financial statements, including appropriate disclosures, as required by the related financial accounting standards.
- account for Investments, Income Taxes, Pensions and Post-retirement Benefits, Leases, and Accounting Changes and Error Analysis.
- describe the direct and indirect effect (s) of transactions on the Financial Statements and their elements.
- Describe the purpose and presentation of the Cash Flows Statement and Disclosures in Financial Reporting.
|Special Facilities and/or Equipment - |
|Access to spreadsheet, word-processing, and presentation software. When taught as an online distance learning section, students and faculty need reliable and ongoing Internet(java-enabled)and Email access. |
|Course Content (Body of knowledge) - |
- Held-to-maturity Securities
- Available for Sale Securities
- Trading Securities
- Derivative Instruments (Hedging)
- Income Taxes
- Interperiod Tax Allocation
- Pensions and Post-retirement Benefits
- Lessee Perspective
- Lessor Perspective
- Accounting Changes and Error Analysis
- Changes in Accounting Principle
- Changes in Accounting Estimate
- Reporting of Change in Entity
- Reporting a Correction of an Error
- Error Analysis
- Cash Flows Statement
- Full Disclosure Requirements in Financial Reporting
- Notes to Financial Statements
- Disclosure Issues
- Auditor's and Management's Reports
|Methods of Evaluation - |
- Midterm Exam (s)
- Final Exam
- Computerized Assignments
- Research Activities (online and traditional)
- Presentations (since online, powerpoint slides preparation only)
- Writing Assignments
- Student Participation
- Group Work
|Representative Text(s) - |
|Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield, Intermediate Accounting, 13th Edition. Wiley Publisher, 2009. |
|Disciplines - |
|Method of Instruction - |
|Lecture, Discussion, Cooperative learning exercises, Self-paced, Electronic discussions/chat, Independent study. |
|Lab Content - |
|Not applicable. |
|Types and/or Examples of Required Reading, Writing and Outside of Class Assignments - |
- Reading of corporate annual reports
- Reading and Written Analysis of Financial Accounting Standards Board Statements (FASB) and other Generally Accepted Accounting Principles Literature (GAAP)
- Reading of internet articles and writing on accounting topics or accounting-related current events and/or careers
- Written Research Paper or Projects
- Written Presentations