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Course Syllabus

Course Information
AIM 6330 – Intermediate Financial Accounting 1
Fall 2009

Section 501: Monday 7:00 p.m. - 9:45 p.m. (SOM 2.102)


Section 502: Tuesday 7:00 p.m. - 9:45 p.m. (SOM 1.102)

Professor Contact Information


Professor: Volkan Muslu
Office: SOM 4.812
Phone: 972 883 2492
Email: Use Elearning e-mail
Office Hours: Tuesday 5:00 p.m. - 6:30 p.m. or by appointment
Teaching Assistants: Dongkuk Lim, Ting He
Office: 4.209, 4.421
Office Hours: Monday 4:00 p.m. - 5:30 p.m. or by appointment

Course Pre-requisites, Co-requisites, and/or Other Restrictions


The prerequisite for this class is „Introduction to Financial Accounting‟ AIM 2301, AIM 6201,
AIM 6305, or an equivalent class. The quantitative aspects of the course will require elementary
computational skills; however, a calculator will be required for the assignments and exams.

Course Description and Objectives


We will study external financial reporting of company performance and company assets, notably
cash, receivables, inventories, property, plant and equipment, and intangibles.
Learning objectives are:
- To be able to interpret and apply GAAP.
- To develop accounting research and communication skills.

In sum, the objective of the course is to prepare and understand financial statements. The course
will include technical descriptions of how the financial statements are prepared. Real-world
examples will be used regularly.

Required Textbooks and Materials

Kieso, Weygandt and Warfield


Intermediate Accounting 13th Edition, (c) 2010 John Wiley & Sons, Inc.
ISBN: 978-0-470-37494-8
The assignments will be from Keiso et al. (13th edition). The twelfth edition of this book is
acceptable. Go to Elearning to receive “question correlations” and to make sure you are working
on the correct assigned questions.
Any other available intermediate accounting textbook (such as Spiceland, Sepe and Tomassini
Intermediate Accounting, Irwin McGraw-Hill) is acceptable. I will distribute assigned questions
to individual students who prefer another textbook.

Course Syllabus 1
Assignments & Academic Calendar

Section Section
Session Topic Assignments
501 502
Financial Accounting and
Accounting Standards (Chapter 1)
1 08/23 08/24
Conceptual Framework Underlying
Financial Accounting (Chapter 2)
A1 due 08/31 (@ 7 p.m.):
Chapter 1: CA1-4, CA1-11;
The Accounting Information System
2 08/30* 08/31 Chapter 2: BE2-8, BE2-9, BE2-10, BE2-11;
(Chapter 3)
E2-5, E2-8; Financial Reporting Problem

A2 due 09/13:
Income Statement and Related
3 09/13* 09/07 Chapter 3: BE3-6, E3-9, P3-9;
Information (Chapter 4)
Financial Reporting Problem

A3 due 09/20:
4 09/20 09/14 Revenue Recognition (Chapter 18) Chapter 4: BE4-4, E4-8, CA4-5;
Financial Reporting Problem

A4 due on the exam date:


09/27 09/21 EXAM I Chapter 18: E18-1, E18-15;
Financial Reporting Problem

Balance Sheet and Statement of Cash


5 10/04 09/28
Flows (Chapter 5)

A5 due on 10/11:
6 10/11 10/05 Cash and Receivables (Chapter 7) Chapter 5: BE5-10; E5-4; E5-18;
Financial Reporting Problem

A6 due on 10/18:
Valuation of Inventories: A Cost-
7 10/18 10/12 Chapter 7: E7-2, E7-3, E7-19;
Basis Approach (Chapter 8)
Financial Reporting Problem
A7 due on 10/25:
Inventories: Additional Valuation
8 10/25 10/19 Chapter 8: BE8-2, BE8-6; E8-4, E8-15, E8-
Issues (Chapter 9)
24; Case 3 SuperValu
A8 due on the exam date:
11/1 10/26 EXAM II Chapter 9: BE9-4, E9-7, P9-11;
Financial Reporting Problem
9 11/8 11/2 Investments (Chapter 17)
A9 due on 11/15:
Acquisition and Disposition of
Chapter 17: BE17-3, E17-4, E17-16, E17-
10 11/15 11/9 Property, Plant and Equipment
26, E17-27;
(Chapter 10)
Financial Reporting Problem

Course Syllabus 2
A10 due on 11/22:
Depreciation, Impairments, and
11 11/22** 11/16 Chapter 10: BE10-13, E10-5, E10-8, E10-
Depletion (Chapter 11)
18, E10-24

A11 due on 11/29:


12 11/29 11/23** Intangible Assets (Chapter 12) Chapter 11: E11-4, E11-17, E11-21;
Financial Reporting Problem

12/06 11/30 EXAM III

TBA
Make-up exam for those who missed Exams 1, 2, and 3 with legitimate excuses
Between
and who rescheduled around the dates of the missed exams)
12/09 and 12/15
* 09/07 Monday is Labor Day, so we have no classes for Section 501.
** 11/25 and 11/27 Thanksgiving holidays, yet we have classes that week.

Attendance and Assignments

I will not take attendance. However, it is critical to your success that you attend each session.
Office hours are not a substitute for coming to class.

It is essential that you read the relevant chapters and work on the assignments in a timely manner
in order to master the course and get the most out of it. The assignments (A1-A11) will be
collected and graded. The assignments will have to be turned in individually or in groups of two.
You can change your partner any time. No late assignments will be accepted since we will go
over some of them in class. Only printed assignments will be accepted (no e-mails).

The lowest one of your individual assignments will be discarded since you may have legitimate
excuses for your occasional absence throughout the semester. The overall assignment grade will
be determined from the remaining grades.

To help you with the course material, and assignments, I will be posting in advance the answers
to the following questions from the book:

Chapter 1: CA1-2, CA1-9;


Chapter 2: BE2-2, BE2-3, BE2-4, BE2-5, BE2-7; E2-4, E2-7; Comparative Analysis Case
(CAC)
Chapter 3: BE3-2, BE3-9, E3-7, P3-11; CAC
Chapter 4: BE4-1, BE4-5, E4-5, E4-7, E4-9, CA4-3, CA4-4; CAC
Chapter 18: BE18-1, E18-4, E18-16, CAC
Chapter 5: BE5-11, BE5-12; E5-3; E5-16; CAC
Chapter 7: E7-1, E7-4, E7-18, P7-2, CAC
Chapter 8: BE8-1, BE8-3, BE8-5, E8-2, E8-8, E8-14, E8-25, Case 1 TJ International
Chapter 9: BE9-1, BE9-5, E9-8, E 9-13, P9-13, CAC
Chapter 17: BE17-2, E17-1, E17-12, E17-22, E17-23, E17-24, CAC
Chapter 10: BE10-1, E10-7, E10-17, E10-16, E10-25
Chapter 11: BE11-2, E11-5, E11-16, E11-22, E11-26, CAC

Course Syllabus 3
Grading Policy
The overall course grade will be determined by the following weights:

Exam 1 24%
Exam 2 24 %
Exam 3 24 %
Assignments 24 %
Class Participation 4%
TOTAL 100 %

Course & Instructor Policies


Exams
Exams will be in-class and closed notes with an exception. “Closed notes” means that you may
not utilize any materials (such as the textbook, printed homework problems, computers, etc.).
“Exception” means you are allowed to use two separate pages of your handwritten notes about
class material. Unless you have prior approval, you must take the exam in the section for which
you are registered.

You are not permitted to use any electronic communications devices during the exam. This
explicitly includes cell phones and pagers. You are strongly urged to leave any electronic devices
(except calculators) at home or in a locker on the day of the exam.

All students are required to present proof of identification at the time of the exam.
Acceptable documentation must be picture identification such as official UTD Comet Card,
Passport, or State approved driver‟s license.

Missed Exams
To receive a passing grade in the course, students MUST take all exams. Students will not be
allowed to “substitute” one exam for a missed exam. Students missing an exam should contact me
in advance with their legitimate reasons prior to the scheduled exam time (unless an emergency
arises). Only students with legitimate excuses will be allowed to take the make-up exam. The
make-up exams will be given in the finals week (12/09 – 12/15). Failure to take the make-up
exam at the time and place to be announced will result in a grade of zero. I suggest you do your
best to take the exams on the scheduled dates.

Disposition of Exams
As per school policy, exams will be retained for one year and then destroyed.

Use of Computers and Recording Devices


Audio or videotaping of class lectures is prohibited. Students may use laptops to record their
notes subject to the following provisions: (1) the computer must be silent, (2) THE COMPUTER
CANNOT BE CONNECTED TO THE INTERNET UNLESS I ASK OTHERWISE. Students failing to
follow these rules will be asked to leave the classroom. Under no circumstances will students be
allowed to use their computers on exams.

Communication Outside the Classroom


The primary medium to communicate with me is the office hours. I encourage you to come to the
office hours with any of your questions, issues, and concerns (Exception repeated: I will not go
over the class notes with you if you have missed a session.) Also, make an effort to use TA‟s
office hours.

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If you can‟t make to the office hours, use WebCT as the only medium to email me. I will answer
your questions via email. However, since I teach more than 200 students this semester, I cannot
guarantee that I will always be timely.

Field Trip Policies


Not Applicable.

Course Syllabus 5
Student Conduct & Discipline
The University of Texas System and The University of Texas at Dallas have rules and regulations
for the orderly and efficient conduct of their business. It is the responsibility of each student and
each student organization to be knowledgeable about the rules and regulations which govern
student conduct and activities. General information on student conduct and discipline is
contained in the UTD publication, A to Z Guide, which is provided to all registered students each
academic year.

The University of Texas at Dallas administers student discipline within the procedures of
recognized and established due process. Procedures are defined and described in the Rules and
Regulations, Board of Regents, The University of Texas System, Part 1, Chapter VI, Section 3,
and in Title V, Rules on Student Services and Activities of the university‟s Handbook of
Operating Procedures. Copies of these rules and regulations are available to students in the
Office of the Dean of Students, where staff members are available to assist students in
interpreting the rules and regulations (SU 1.602, 972/883-6391).

A student at the university neither loses the rights nor escapes the responsibilities of citizenship.
He or she is expected to obey federal, state, and local laws as well as the Regents‟ Rules,
university regulations, and administrative rules. Students are subject to discipline for violating
the standards of conduct whether such conduct takes place on or off campus, or whether civil or
criminal penalties are also imposed for such conduct.

Academic Integrity
The faculty expects from its students a high level of responsibility and academic honesty.
Because the value of an academic degree depends upon the absolute integrity of the work done by
the student for that degree, it is imperative that a student demonstrate a high standard of
individual honor in his or her scholastic work.

Scholastic dishonesty includes, but is not limited to, statements, acts or omissions related to
applications for enrollment or the award of a degree, and/or the submission as one‟s own work or
material that is not one‟s own. As a general rule, scholastic dishonesty involves one of the
following acts: cheating, plagiarism, collusion and/or falsifying academic records. Students
suspected of academic dishonesty are subject to disciplinary proceedings.

Plagiarism, especially from the web, from portions of papers for other classes, and from any other
source is unacceptable and will be dealt with under the university‟s policy on plagiarism (see
general catalog for details). This course will use the resources of turnitin.com, which searches the
web for possible plagiarism and is over 90% effective.

Email Use
The University of Texas at Dallas recognizes the value and efficiency of communication between
faculty/staff and students through electronic mail. At the same time, email raises some issues
concerning security and the identity of each individual in an email exchange. The university
encourages all official student email correspondence be sent only to a student‟s U.T. Dallas email
address and that faculty and staff consider email from students official only if it originates from a
UTD student account. This allows the university to maintain a high degree of confidence in the
identity of all individual corresponding and the security of the transmitted information. UTD
furnishes each student with a free email account that is to be used in all communication with
university personnel. The Department of Information Resources at U.T. Dallas provides a method
for students to have their U.T. Dallas mail forwarded to other accounts.

Course Syllabus 6
Withdrawal from Class
The administration of this institution has set deadlines for withdrawal of any college-level
courses. These dates and times are published in that semester's course catalog. Administration
procedures must be followed. It is the student's responsibility to handle withdrawal requirements
from any class. In other words, I cannot drop or withdraw any student. You must do the proper
paperwork to ensure that you will not receive a final grade of "F" in a course if you choose not to
attend the class once you are enrolled.

Student Grievance Procedures


Procedures for student grievances are found in Title V, Rules on Student Services and Activities,
of the university‟s Handbook of Operating Procedures.

In attempting to resolve any student grievance regarding grades, evaluations, or other fulfillments
of academic responsibility, it is the obligation of the student first to make a serious effort to
resolve the matter with the instructor, supervisor, administrator, or committee with whom the
grievance originates (hereafter called “the respondent”). Individual faculty members retain
primary responsibility for assigning grades and evaluations. If the matter cannot be resolved at
that level, the grievance must be submitted in writing to the respondent with a copy of the
respondent‟s School Dean. If the matter is not resolved by the written response provided by the
respondent, the student may submit a written appeal to the School Dean. If the grievance is not
resolved by the School Dean‟s decision, the student may make a written appeal to the Dean of
Graduate or Undergraduate Education, and the deal will appoint and convene an Academic
Appeals Panel. The decision of the Academic Appeals Panel is final. The results of the academic
appeals process will be distributed to all involved parties.

Copies of these rules and regulations are available to students in the Office of the Dean of
Students, where staff members are available to assist students in interpreting the rules and
regulations.

Incomplete Grade Policy


As per university policy, incomplete grades will be granted only for work unavoidably missed at
the semester‟s end and only if 70% of the course work has been completed. An incomplete grade
must be resolved within eight (8) weeks from the first day of the subsequent long semester. If the
required work to complete the course and to remove the incomplete grade is not submitted by the
specified deadline, the incomplete grade is changed automatically to a grade of F.

Disability Services
The goal of Disability Services is to provide students with disabilities educational opportunities
equal to those of their non-disabled peers. Disability Services is located in room 1.610 in the
Student Union. Office hours are Monday and Thursday, 8:30 a.m. to 6:30 p.m.; Tuesday and
Wednesday, 8:30 a.m. to 7:30 p.m.; and Friday, 8:30 a.m. to 5:30 p.m.

The contact information for the Office of Disability Services is:


The University of Texas at Dallas, SU 22
PO Box 830688
Richardson, Texas 75083-0688
(972) 883-2098 (voice or TTY)

Essentially, the law requires that colleges and universities make those reasonable adjustments
necessary to eliminate discrimination on the basis of disability. For example, it may be necessary
to remove classroom prohibitions against tape recorders or animals (in the case of dog guides) for

Course Syllabus 7
students who are blind. Occasionally an assignment requirement may be substituted (for
example, a research paper versus an oral presentation for a student who is hearing impaired).
Classes enrolled students with mobility impairments may have to be rescheduled in accessible
facilities. The college or university may need to provide special services such as registration,
note-taking, or mobility assistance.

It is the student‟s responsibility to notify his or her professors of the need for such an
accommodation. Disability Services provides students with letters to present to faculty members
to verify that the student has a disability and needs accommodations. Individuals requiring
special accommodation should contact the professor after class or during office hours.

Religious Holy Days


The University of Texas at Dallas will excuse a student from class or other required activities for
the travel to and observance of a religious holy day for a religion whose places of worship are
exempt from property tax under Section 11.20, Tax Code, Texas Code Annotated.
The student is encouraged to notify the instructor or activity sponsor as soon as possible
regarding the absence, preferably in advance of the assignment. The student, so excused, will be
allowed to take the exam or complete the assignment within a reasonable time after the absence: a
period equal to the length of the absence, up to a maximum of one week. A student who notifies
the instructor and completes any missed exam or assignment may not be penalized for the
absence. A student who fails to complete the exam or assignment within the prescribed period
may receive a failing grade for that exam or assignment.
If a student or an instructor disagrees about the nature of the absence [i.e., for the purpose of
observing a religious holy day] or if there is similar disagreement about whether the student has
been given a reasonable time to complete any missed assignments or examinations, either the
student or the instructor may request a ruling from the chief executive officer of the institution, or
his or her designee. The chief executive officer or designee must take into account the legislative
intent of TEC 51.911(b), and the student and instructor will abide by the decision of the chief
executive officer or designee.

Off-Campus Instruction and Course Activities


Off-campus, out-of-state, and foreign instruction and activities are subject to state law and
University policies and procedures regarding travel and risk-related activities. Information
regarding these rules and regulations may be found at the website address given below.
Additional information is available from the office of the school dean.
(http://www.utdallas.edu/Business Affairs/Travel_Risk_Activities.htm)

I reserve the right to change this syllabus’s content, grading scheme, and exam dates. Any
changes will be announced at the class ahead of the time of the change.

Course Syllabus 8