Accountancy (ACTG) 316 – Intermediate Accounting II

University of Illinois at Chicago

Spring 2017
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Instructor: Rong (Irene) Zhong. PhD
Email: ronzhong@uic.edu
Office: 2313 University Hall
Phone: 312-996-2869
Office Hours: Tuesday and Thursday, 2:00 pm – 3:00 pm (and by appointment)

Class Time: Tuesdays and Thursdays

CRN 17770/17769 11:00 -12:15pm
CRN 17771 12:30 - 1:45pm
CRN 39074 3:30 - 4:45pm

Course Website: https://uic.blackboard.com

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Prerequisite:
Accounting 315: Intermediate Financial Accounting I.

From the Accounting Department Mission Statement:

The accounting department is committed to quality educational programming, research pursuits and
community service. We significantly contribute to the College of Business Administration’s mission to
create new knowledge, new business, new value and new leaders for Chicago and the world beyond.
Students admitted to our degree programs must show the potential and demonstrate proficiency in
contemporary management skills such as information technology, communication techniques and
teamwork. The program will promote a prospective of the global economy and cultural diversification
necessary for the knowledge worker of the 21 century.

Course Overview:

ACTG 316 expands upon the financial accounting concepts and principles developed in Intermediate
Financial Accounting I, Accounting 315. The main objective of this course is to extend the student’s
understanding of financial reporting to include advanced topics primarily related to sources of
capitalization, i.e., short-term liabilities, contingencies, long-term liabilities and equities. Topics include
leases, pensions, income taxes, bonds, contributed capital, retained earnings, and stock options. Emphasis
is placed on both accounting concepts and applications. Students should attempt to develop a level of
understanding sufficient to apply the concepts of accounting, be able to read and interpret material
written at a professional level, and use accounting research tools.

Required Course Materials:

Textbook: Intermediate Accounting. J.David Spiceland, James F. Sepe, And Mark W.

Nelson, McGraw-Hill Inc. 8th ed.

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 ISBN #: 978-0077614041

Connect Student Access Code:

Every student is required to have the access code to complete homework assignments on Connect.
To create an account on Connect use your name and email address as they appear in the UIC Blackboard
system. This will ensure easy transfer of grades between the two systems.

Blackboard: Other materials (available on the Blackboard website) include administrative

items, supplemental readings, homework answers and assignments.

Course Expectation:

This class meets for 1 hours and 15 minutes twice a week. This is an intensive course. To successfully learn
the course material and develop the set of skills as an accountant, students are expected to read the
assigned materials and work the assigned problems, and cases before they are discussed in class. The
classes are lecture, discussion, and problem-solving oriented. Because intensive learning occurs in the
classroom, it is very important that you attend every class and stay for the entire class session. The Course
Outline (page 5 of this syllabus) provides detailed plans for each class meeting throughout the semester.
Note that the actual schedule may sometimes change depending on class discussions.

Grading Policy:

Your final grade is based on the following components:

 Four exams, non-comprehensive 20% *4=80%

 Quizzes (or in-class exercise) 10%
 Homework 10%
100%

Total Final Score Calculation:

̅̅̅̅̅̅̅
𝐻𝑖 ̅̅̅̅̅̅̅
𝑄𝑖 ̅̅̅̅̅̅̅
𝐸𝑖
𝑆𝑇𝑜𝑡𝑎𝑙 = {( ) × 10} + {( ) × 10} + 𝛴14 {( ) × 20}
𝐻𝑡𝑖 𝑄𝑡𝑖 𝐸𝑡𝑖

Where STotal : total final score

Hi : score of homework i
Hti : the maximum possible score of homework i
Qi : score of quiz I (or in-class exercise i)
Qti : the maximum possible score of quiz I (or in-class quiz i)
Ei : score of the examination i
Eti : the maximum possible score of the examination i

Grade will be assigned based on STotal : a straight 90%, 80%, 70%, 60%, scale for an A, B, C, D, etc.
However, the actual grade cut-off points may vary and will be determined at the end of the
semester. I reserve the right to utilize a curve, i.e., set different grade cut-off points. In the interest of
fairness for all students, no “make-up” assignments or “extra credit” are offered.

Homework:

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Each student is responsible for doing all of the assigned homework individually on McGraw-Hill Connect,
the online homework management system, before the assigned due date. The cut-off time for completing
the homework is 11:59 pm on the due date. See Blackboard as well as this course outline for Connect
registration information.

In-class exercise or quizzes:

In-class exercise or quizzes will be assigned in class to facilitate the learning process. Students are
expected to finish the exercise in class individually or sometimes as a group. In-class exercise or quizzes
will be randomly collected in class and NO late assignment is accepted. One lowest score of quizzes or
in-class exercise is dropped toward calculating your final grade.

Exams:
Exams may consist of multiple choice, short answer, problems, and/or essays. They are to be taken as
scheduled in the course calendar. Please take the exam/test in the section in which you are registered.
No extra time will be given if you are late for the exam. It is your responsibility to be available for all
examinations. There will be NO make-up exams.

Attendance:

Regular class attendance is essential and expected. There is a direct correlation between attendance and
success in the course. If you miss a class session due to sickness or emergency, it is your responsibility to
obtain the class notes from a classmate. You are responsible for everything covered in all class sessions.

Disability Accommodation

The University of Illinois at Chicago is committed to maintaining a barrier-free environment so that

students with disabilities can fully access programs, courses, services, and activities at UIC. Students with
disabilities who require accommodations for access to and/or participation in this course are welcome,
but must be registered with the Disability Resource Center (DRC). You may contact DRC at 312-413-2183
(v) or 312-413-0123 (TTY) and consult the following:
http://www.uic.edu/depts/oaa/disability_resources/faq/accommodations.html

Honor Code and Academic Integrity

As an academic community, UIC is committed to providing an environment in which research, learning,

and scholarship can flourish and in which all endeavors are guided by academic and professional integrity.
All members of the campus community–students, staff, faculty, and administrators–share the
responsibility of insuring that these standards are upheld so that such an environment exists.
http://catalog.uic.edu/ucat/colleges-depts/business-administration/#j4 Instances of academic
misconduct by students will be handled pursuant to the Student Disciplinary Policy:
http://www.uic.edu/depts/dos/studentconduct.html

Changes:

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Every effort will be made to adhere to the information and schedule set forth in this syllabus. Any changes,
which are necessitated as the semester progresses, will be announced on a timely basis. Regular
attendance will ensure that you are aware of any modification made.

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 Date Day Course Activities Assignments Due
10-Jan-17 Tuesday Course introduction, policies, and resources.
12-Jan-17 Thursday
Ch 13: Current Liabilities and Contingencies HW: E 13-1, 3, 5; P 13-2, 6,10 18-Jan-2017 11:59pm
17-Jan-17 Tuesday
19-Jan-17 Thursday
24-Jan-17 Tuesday Ch 14: Bonds and Long-term Notes HW: E 14-3, 7; P 14-4,5,10,16,22 30-Jan-2017 11:59pm
26-Jan-17 Thursday
31-Jan-17 Tuesday Ch 15: Leases HW: E 15-2,4,5; P 15-2,3,6,7
2-Feb-17 Thursday First Exam: Chapters 13-14
7-Feb-17 Tuesday
Ch 15: Leases HW: E 15-2,4,5; P 15-2,3,6,7 13-Feb-2017 11:59pm
9-Feb-17 Thursday
14-Feb-17 Tuesday
Ch 16: Accounting for Income Taxes HW: E 16-4,6,10; P 16-5,7,10 22-Feb-2017 11:59pm
16-Feb-17 Thursday
21-Feb-17 Tuesday Review
23-Feb-17 Thursday Second Exam: Chapters 15-16
28-Feb-17 Tuesday
2-Mar-17 Thursday Ch 17: Pension and Other Post-retirement Benefit Plan HW: E 17-4,5,10,16; P 17-6,7,8,12 08-Mar-2017 11:59pm
7-Mar-17 Tuesday
9-Mar-17 Thursday
Ch 18: Shareholders' Equity HW: E 18-3,5,19; P 18-1,2,4,6 27-Mar-2017 11:59pm
14-Mar-17 Tuesday
16-Mar-17 Thursday Review
21-Mar-17 Tuesday
SPRING BREAK (no class)
23-Mar-17 Thursday
28-Mar-17 Tuesday Third Exam: Chapters 17-18
30-Mar-17 Thursday
4-Apr-17 Tuesday Ch 19: Share-based Compensation and Earnings Per Share HW: E 19-2,7,10,18; P 19-1,8,10,14 10-Apr-2017 11:59pm
6-Apr-17 Thursday
11-Apr-17 Tuesday
Ch 20: Accounting Changes and Error corrections HW: E-20-3,7,11,13; P 20-2,3,8,14 24-Apr-2017 11:59pm
13-Apr-17 Thursday
18-Apr-17 Tuesday Catch-up and/or Review
20-Apr-17 Thursday no class
25-Apr-17 Tuesday Fourth Exam: Chapter 19 and Chapter 20