Intermediate Accounting (1)_en
Syllabus
Intermediate Accounting (I)
Fall 2011
Text::
Donald Kieso, Jerry Weygandt, Terry D. Warfield, Intermediate Accounting, John Wiley &Sons, Inc., New York, NY, USA, 14th. Edition, 2012.
Student Companion Site: http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0470587237&bcsId=6326
Class::
Male: Sun, Mon, Wed 09:00 – 10:00, Rm.: A1-303
Female: Sun, Mon, Wed 10:00 – 11:00, Rm.: A1-305
Instructor::
eMad AbuShaaban, CPA (PAL)
MSA, Master of Science in Accounting /USA
MMD, Master in Management Development /SPAIN
Inception Phase, Ph. D in Accounting /EGYPT
Office Hour::
Tue, Thu 9:00 - 10:00 or
By Appointment, Cellular: 0599 885 448,
Email: emad.abushaaban@gmail.com
Objective::
This course introduces accounting standards and financial reporting,
it addresses concepts underlying financial accounting, it illustrates the accounting information system, it examines the income statement, discusses the balance sheet and statement of cash flows, it covers present value concepts and measurement, it explains cash and receivables, present accounting and reporting for inventory: the basics inventories: valuation and estimation concepts, it also, illustrates property, plant, and equipment: acquisition and disposition, property, plant and equipment: cost allocation and impairment it introduces methods of depreciation, impairments and depletion, finally, it explains concepts and reporting issues of intangible assets.
Class::
Lecture, class discussion, problem solving, assignment presentation Format and computer lab if it was possible.
Assignment::
For full credit, assignments must be submitted at the beginning of class on the date due. Late assignments are accepted unless (1) they are discussed in class or (2) the start of final exams . Grads on assignments are reduced proportionate to the extent that they are late.
Workgroups:
Group study and discussion outside of class is encouraged. Group work on assigned exercises and problems from the text is acceptable only if each student submits his or her own copy of the assignment (Note: reproductions are not acceptable.)
Grading Scale:
Assignments 20%
Mid-term Exam 10%
Presentation 10%
Final Examination 60%
Examination questions are tested for validity. If 60% or more of those who respond to a question give an incorrect answer, that question (or part of a question) will be invalidated and the basis of the examination adjusted; equivalent extra credit is added to the score of those students who answer the question correctly.
Week #1
CHAPTER 1: FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS
Presentations:
1. Thinking Outside The Box … , pp2
2. What Do The Numbers Mean?, pp5,
3. What Do The Numbers Mean?, pp16
4. What Do The Numbers Mean?, pp17
Assignments:
1. Q1, Q3, Q5, Q7, Q9,
2. CA1-1, CA1-3, CA1-5, CA1-10, CA1-11, CA1-12,
3. FRP, PS, IFRs1-1, IFRS1-3, IFRS1-5, IFRS1-7
Week #2
CHAPTER 2: CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING
Presentations:
1. What is it? pp42
2. What Do The Numbers Mean?, pp45
3. What Do The Numbers Mean?, pp50
4. What Do The Numbers Mean?, pp53
5. What Do The Numbers Mean?, pp56
6. What Do The Numbers Mean?, pp64
Assignments:
1. Q1, Q3, Q5, Q30, Q31
2. BE2-1, BE2-3, BE2-5, BE2-7, BE2-9,
3. E2-1, E2-3, E2-5, E2-7,
4. CA2-1, CA2-3, CA2-5, CA2-7, CA2-9,
5. FRP, CAC, FSAC, PS, IFRS2-1, IFRS2-3, IFRS2-5, IFRS2-7
Week #3
CHPATER 3: THE ACCOUNTING INFORMATION SYSTEM
Presentations:
1. Needed: A Reliable Information System, pp86
2. What Do The Numbers Mean?, pp110
3. What Do The Numbers Mean?, pp113
4. What Do The Numbers Mean?, pp117
Assignments:
1. Q1, Q3, Q5, Q7, Q9,
2. BE3-1, BE3-3, BE3-5, BE3-7, BE3-9,
3. E3-1, E3-3, E3-5, E3-7, E3-10
4. P3-1, P3-3, P3-5, P3-7, P3-9, P3-10
5. FRP, CAC, FSAC, AAP, PS, IFRS3-1, IFRS3-3, IFRS3-5, IFRS3-6
Week #4
Presentation & Solving Problems
Week #5
CHAPTER 4: INCOME STATEMENT AND RELATED INFORMATION
Presentations:
1. Watch Out for Pro Forma, pp158
2. What Do The Numbers Mean?, pp162
3. What Do The Numbers Mean?, pp169
4. What Do The Numbers Mean?, pp172
5. What Do The Numbers Mean?, pp181
Assignments:
1. Q1, Q3, Q5, Q7, Q9,
2. BE4-1, BE4-3, BE4-5, BE4-7, BE4-9,
3. E4-1, E4-3, E4-5, E4-7, E4-9, E4-11
4. P4-1, P4-3, P4-5, P4-7,
5. CA4-1, CA4-3, CA4-5, CA4-7
6. FRP, CAC, FSAC1, AAP, PS, IFRS4-1, IFRS4-3, IFRS4-5, IFRS4-7
Week #6
Midterm Exam
Week #7
CHAPTER 5: BALANCE SHEET AND STATEMENT OF CASH FLOWS
Presentations:
1. Hey, It Doesn't Balanced! , pp212
2. What Do The Numbers Mean?, pp214
3. What Do The Numbers Mean?, pp223
4. What Do The Numbers Mean?, pp227
5. What Do The Numbers Mean?, pp228
6. What Do The Numbers Mean?, pp235
7. What Do The Numbers Mean?, pp237
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q15, Q16
2. BE5-1, BE5-3, BE5-5, BE5-7, BE5-9, BE5-12, BE5-13
3. E5-1, E5-3, E5-5, E5-7, E5-9, E5-11, E5-16, E5-17
4. P5-1, P5-3, P5-5, P5-6,
5. CA5-1, CA5-3, CA5-5,
6. FRP, CAC, FSAC1, FSAC2, AAP, PS, IFRS5-1, IFRS5-3, IFRS5-5, IFRS5-7
Week #8
CHAPTER 6: ACCOUNTING AND THE TIME VALUE OF MONEY
Presentations:
1. The Magic of Interest , pp308
2. What Do The Numbers Mean?, pp313
3. What Do The Numbers Mean?, pp329
4. What Do The Numbers Mean?, pp337
Assignments:
1. Q1, Q3, Q5, Q7, Q9,
2. BE6-1, BE6-3, BE6-5, BE6-7, BE6-9, BE6-11, BE6-13
3. E6-1, E6-3, E6-5, E6-7, E6-9, E6-11, E6-13, E6-14, E6-19, E6-20
4. P6-1, P6-3, P6-5, P6-7, P6-10, P6-11, P6-13, P6-15
7. FRP, FSAC, AAP, PS,
Week #9
CHAPTER 7: CASH AND RECEIVABLES
Presentations:
1. No-Tel Nortel, pp364
2. What Do The Numbers Mean?, pp369
3. What Do The Numbers Mean?, pp378
4. What Do The Numbers Mean?, pp383
5. What Do The Numbers Mean?, pp390
6. What Do The Numbers Mean?, pp402
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q24
2. BE7-1, BE7-3, BE7-5, BE7-7, BE7-9, BE7-11, BE7-13,
3. E7-1, E7-3, E7-5, E7-7, E7-9, E7-10, E7-11, E7-13, E7-15, E7-17, E7-19
4. P7-1, P7-3, P7-5, P7-7, P7-10, P7-11, P7-12, P7-13, P7-15
5. CA7-1, CA7-3, CA7-5, CA7-7, CA7-9
6. FRP, CAC, FSAC1, AAP, PS, IFRS7-1, IFRS5-3, IFRS5-5,
Week #10
CHAPTER 8: VALUATION OF INVENTORIES: A COST-BASIS APPROACH
Presentations:
1. Inventories in The Crystal Ball, pp434
2. What Do The Numbers Mean?, pp440
3. What Do The Numbers Mean?, pp443
4. What Do The Numbers Mean?, pp447
5. What Do The Numbers Mean?, pp453
6. What Do The Numbers Mean?, pp460
7. What Do The Numbers Mean?, pp465
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q17, Q19
2. BE8-1, BE8-3, BE8-5, BE8-7, BE8-9,
3. E8-1, E8-3, E8-5, E8-7, E8-9, E8-10, E8-11, E8-13, E8-15, E8-17, E8-19
4. P8-1, P8-3, P8-5, P8-7, P8-9, P8-10, P8-11,
5. CA8-1, CA8-3, CA8-5, CA8-7, CA8-9, CA8-11
6. FSAC1, AAP, PS,
Week #11
Presentation & Solving Problems
Week #12
CHAPTER 9: INVENTORIES: ADDITIONAL VALUATION ISSUES
Presentations:
1. What Do Inventories Changes Tell Us? , pp492
2. What Do The Numbers Mean?, pp500
3. What Do The Numbers Mean?, pp508
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q16, Q21
2. BE9-1, BE9-3, BE9-5, BE9-7, BE9-9,
3. E9-1, E9-3, E9-5, E9-7, E9-9, E9-10, E9-11, E9-12, E9-13, E9-15, E9-18, E9-19
4. P9-1, P9-3, P9-6, P9-8, P9-9, P9-10, P9-11, P9-12, P9-13
5. CA9-1, CA9-3, CA9-5, CA9-7
6. FRP, CAC, FSAC1, AAP, PS, , IFRS9-1, IFRS9-3, IFRS9-5, IFRS9-7, IFRS9-9, IFRS9-11,
Week #13
CHAPTER 10: ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT
Presentations:
1. Where Have All The Assets Gone?, pp554
2. What Do The Numbers Mean?, pp564
3. What Do The Numbers Mean?, pp573
4. What Do The Numbers Mean?, pp575
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q17, Q19
2. BE10-1, BE10-3, BE10-5, BE10-7, BE10-9, BE10-13
3. E10-1, E10-3, E10-5, E10-6, E10-7, E10-10, E10-11, E10-12, E10-14, E10-17, E10-23, E10-24
4. P10-1, P10-3, P10-5, P10-7, P10-9, P10-11,
5. CA10-1, CA10-3, CA10-5, CA10-7
6. FSAC, AAP, PS,
Week #14
CHAPTER 11: DEPRECIATION, IMPAIRMENTS, AND DEPLETION
Presentations:
1. Here Come the Write-Offs , pp604
2. What Do The Numbers Mean?, pp608
3. What Do The Numbers Mean?, pp613
4. What Do The Numbers Mean?, pp617
5. What Do The Numbers Mean?, pp625
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q13, Q18, Q31
2. BE11-1, BE11-3, BE11-5, BE11-7, BE11-9, BE11-11
3. E11-1, E11-3, E11-5, E11-7, E11-8, E11-9, E11-10, E11-11, E11-12, E11-14, E11-15, E11-16, E11-19, E11-20, E11-24
4. P11-1, P11-3, P11-5, P11-7, P11-8, P11-9, P11-10
5. CA11-1, CA11-3, CA11-5
7. FRP, CAC, FSAC, AAP, PS, IFRS11-1, IFRS11-3, IFRS11-5, IFRS11-7, IFRS11-9, IFRS11-11, IFRS11-13, IFRS11-15, IFRS11-16
Week #15
CHAPTER 12: INTANGIBLE ASSETS
Presentations:
1. Are We There Yet? , pp664
2. What Do The Numbers Mean?, pp668
3. What Do The Numbers Mean?, pp672
4. What Do The Numbers Mean?, pp673
5. What Do The Numbers Mean?, pp680
6. What Do The Numbers Mean?, pp685
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q23, Q31, Q32
2. BE12-1, BE12-3, BE12-5, BE12-7, BE12-9, BE12-10, BE12-11, BE12-12, BE12-13
3. E12-1, E12-3, E12-5, E12-7, E12-8, E12-9, E12-10, E12-12, E12-14, E12-15, E12-16, E12-19
4. P12-1, P12-3, P12-5,
5. CA12-1, CA12-3, CA12-5
8. FRP, FSAC1, AAP, PS, IFRS12-1, IFRS12-3, IFRS12-5, IFRS12-7, IFRS12-9, IFRS12-11,
Week #16
Final Exam
Good Luck