Course Name: External Reporting II

Course Number: ACTG 318 – Winter 20XX

Course Credits: Four; ACTG 318 meets four hours per week in two one hour and 50 minute
lecture blocks on Mondays and Wednesdays. Section 1 meets from 8:00 – 9:50, Section 2 meets
from 10:00 – 11:50 and Section 3 meets from 2:00 – 3:50 in the Moss Adams Classroom.
Prerequisites: Grade of "C" or better in ACTG 317. Departmental approval required.

Professor: James Hansen Office: 224E Bexell Hall

E-mail: james.hansen@bus.oregonstate.edu Phone: 737-2727

Office Hours: 12:45 – 1:45 Mondays and Wednesdays, 1:00 – 2:00 Tuesdays

Learning Resources:

Required: Intermediate Accounting (13th edition) by Kieso, Weygandt and Warfield, Wiley 2009.
Effective Writing: A Handbook for Accountants, (8th edition) by May and May, Pearson
Prentice Hall.
Proctor and Gamble 2009 10-K
Basic Calculator

Course Description: This course covers transactions affecting the accounting equation in a three
module continuation of ACTG 317. The first module covers the accounting for current assets
(chapters 7, 8 and 9) and the second module covers the accounting for noncurrent assets (chapters
10, 11 and 12). The remaining module covers current and noncurrent liabilities and shareholders’
equity (chapters 13, 14 and 15).

Measurable Student Learning Outcomes: The primary learning outcomes of ACTG 318 are to
acquire sufficient knowledge and comprehension of the above accounting issues that will allow
you to apply generally accepted accounting principles to solve accounting problems related to the
issues, to analyze accounting issues from different economic and social perspectives, to formulate
solutions to complex accounting issues and to appraise proposals for changes in generally accepted
accounting procedures based on the underlying economics of accounting events.

Evaluation of Student Performance: Course requirements include exams and homework

assignments. The weighting on the course requirements follows.
Points Percent
Midterm Exams @ 100 each 200 50
Final Exam 100 25
Quizzes, Homework 60 15
Presentation Write Ups 10 2.5
Written Assignment(s) 20 5
Professionalism/Participation 10 2.5
Total 400

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Grading: Your course grade will be determined by your performance based on total points earned.
A 360-400 B 320-359 C 280-319

At least a C must be earned to enroll in accounting courses listing ACTG 318 as a

prerequisite.

The Exams: The exams are designed to measure your knowledge and understanding of the
material presented in the textbook, homework assignments, class lectures and discussions. Exams
will be a combination of multiple choice questions and work-out problems.

In the event you miss an exam, you will receive a score of 0, exactly as if you had turned in a blank
paper. Exceptions will be made only upon presentation of documented evidence indicating serious
illness or family emergency. Contacting me prior to the exam is also expected in such cases, if
practicable. A make-up exam may be scheduled; alternatively, the weight of the remaining exams
may be adjusted. The choice rests with the instructor. Exceptions will be extraordinarily rare and
will be handled on an individual basis. You are strongly urged to make every effort to take the
exams as scheduled. The accounting faculty has a policy not to allow early exams.

There are no example exams. All material presented in class is subject to examination. Therefore
there is no need to ask if material will or will not be on an exam. No note cards or any other
supporting materials will be allowed during exams.

Homework and Quizzes: General homework assignments include those listed in the syllabus
whether worked in class or assigned in class for the following class meeting. Homework assigned
for the following class meeting is to be ready for collection at the beginning of class on the day that
they are due. Some assignments will only be graded for effort and completeness, while other
assignments will be graded for correctness. For the best learning, all problems should be attempted
prior to the class period they are discussed. This requires discipline on your part but the practice of
attacking problems “cold” will pay off on exam days.

Homework solutions are copyright protected. Therefore, there can be no copies of the homework
solutions available to students outside of class.

Quizzes will be given randomly throughout the semester. Quizzes are intended to test material that
has been covered on your homework and through lectures. This will give you an opportunity to
gauge your preparedness for exams. Although the quizzes will not necessarily reflect material that
will be covered on the exams, they will give you practice at approaching accounting problems.

Written Assignments: These will be provided later in the term.

Presentation write-ups: Attend two accounting presentations throughout the term and give me a
two paragraph write up on what you learned (one paragraph) and how this relates to what we are
learning in our course (one paragraph).

Doing Good/Having Fun Extra Credit: Individuals can earn five points to replace a quiz or
homework score for performing each of the following activities once throughout the term:

Doing Good – During this term, perform an act of service and give me a one paragraph
write up.
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 Having Fun – During this term, do something fun that you have never done before and give
me a one paragraph write up.

Each activity needs to be professionally appropriate. These activities are to remind us that there is
life beyond accounting.

Calculators: You need to purchase a basic calculator for the course (quizzes and exams).
Graphing calculators and cell phone calculators are not allowed (or any calculator with a memory
storage larger than one number). If you are not sure, please get your calculator approved with me
before the first exam (I don’t want to embarrass anyone immediately before an exam because they
have an inappropriate calculator). I also encourage you to use your calculator before quizzes and
exams so you are not distracted with unfamiliarity.

Professionalism: Please follow the class policies (below). In the rare occasion that anyone fails to
be professional in their behavior, this will result in a reduction of course points. Come prepared to
participate in lectures and discussion by reading chapters and attempting homework problems.
This is part of professionalism.

Class Policies: ACTG 318 class policies are intended to promote and maintain a professional
atmosphere and an appropriate learning environment. The Accounting Program at Oregon State
University is a highly-regarded professional program providing education and training for careers
in accounting. A proper classroom climate will assist in developing habits that contribute to career
success. Furthermore, students learn more when there is an appropriate learning atmosphere.

To begin, all students are expected to conduct themselves in a courteous and professional
manner at all times and prepare all assignments in a professional manner.

Please do not come into class late, read during class, sleep during class, or talk excessively with
other students during lectures. Such behaviors are disruptive to the learning environment.

Please turnoff all items that emit sounds and noises that may interrupt the class (e.g., cellular
phones, pagers), unless there is a specific reason for needing notification during a particular class
(such as a sick child at home) and approval has been received prior to the beginning of that class.
All graded assignments must be ready to be handed in at the beginning of class on the day they
are due. Late assignments will not be accepted and receive a zero score unless there are
extraordinary extenuating circumstances. Assignments will be assigned one-half credit in the rare
case that late assignments are accepted. Assignments will be returned as soon as they are graded.
Any assignments not picked up in class can be picked up in Bexell 224E. Exams will be available
for review but will not be returned.
I welcome grading-related questions after homework or exams have been graded and returned.
However specific grading questions are limited to the two week period beginning the day after
the day the graded items are returned in class. This means I may not answer grading related
questions on the day graded materials are returned or two weeks after the day graded materials are
returned.
Class Sections, unless you have received prior permission you will be expected to attend the
section in which you are enrolled.

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All University regulations regarding academic honesty apply to College of Business courses, e.g.,
any work copied from another student, plagiarized in any manner, or provided to another student
will at a minimum result in a grade of zero on the assignment and at a maximum result in a failing
grade in the class. If you are unsure what constitutes plagiarism, please see me. All cases of
suspected academic dishonesty are handled in strict accordance with University policy, which can
be viewed at the following University web address: http://oregonstate.edu/admin/stucon/achon.htm.

Be judicious in your use of e-mail. First try to contact me directly, either in class or during office
hours. Questions that can be easily answered from other sources (i.e., the course coverage,
syllabus, or assignments) are not judicious uses of e-mail. Be professional when writing e-mail –
present your point or request without making demands or accusations – be respectful and use
professional salutations. Check your spelling and grammar as best you can. Be aware that I may
not reply to e-mail I consider frivolous or unprofessional.
Dos and Don’ts
Do Don’t
1. Be professional Read during class
2. Be courteous Sleep during class
3. Arrive on time Talk excessively
4. Allocate time to this course Let your phone ring in class
5. Work assigned problems prior to class Cheat
6. Write professional correspondence Send unprofessional e-mails
7. Attend the class you are assigned Attend the other section
Course Organization: ACTG 318 will be conducted primarily by lecture with considerable time
spent reviewing assignments. Our pace will be approximately one and one-half chapters per week.
You are expected to read and study the chapter and to work the homework before each class
meeting. It is to your advantage to attend class and participate in the discussion especially as
attending class provides the opportunity to judge your progress in learning the material and
prepares you for the exams.

Students with disabilities: "Accommodations are collaborative efforts between students, faculty
and Disability Access Services (DAS). Students with accommodations approved through DAS are
responsible for contacting the faculty member in charge of the course prior to or during the first
week of the term to discuss accommodations. Students who believe they are eligible for
accommodations but who have not yet obtained approval through DAS should contact DAS
immediately at 737-4098."

Final Thoughts on the Course: ACTG 318 can be a difficult course with its diverse and
complicated material. With patience and effort (and some luck) we will all make it to the end of
the term a bit more knowledgeable and possibly a bit intrigued.

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 TENTATIVE SCHEDULE

Introduction, Syllabus, Proctor and Gamble 10-K

Jan. 4
Topics: The Accounting Framework, Cash
1
Read Chapter 7
Jan. 6
Topics: Receivables

Jan. 11 Topics: Receivables Continued, Valuation of Inventories: A Cost-Basis Approach

2 Read Chapter 8
Jan. 13 Topics: Valuation of Inventories Continued

Jan. 18 No class Martin Luther King Day

3
Read Chapter 9
Jan. 20
Topics: Lower of Cost or Market, LIFO Retail

Jan. 25 Topics: Lower of Cost or Market, LIFO Retail Continued

4
Jan. 27 Part I Midterm Exam Chapters 7, 8, 9

Read Chapter 10
Feb. 1
Topic: Acquisition and Valuation of Property Plant and Equipment
5
Feb. 3 Topics: Dispositions of Plan Assets, Depreciation

Read Chapter 11
Feb. 8
Topics: Income Tax Depreciation, Impairments, Depletion
6
Read Chapter 12
Feb. 10
Topics: Intangible Assets
Feb. 15 Topics: Intangible Assets Continued
7
Feb. 17 Part II Midterm Exam Chapters 10, 11, 12

Feb. 22 Topic: Current Liabilities

8
Feb. 24 Read Chapter 13
Topics: Contingencies, Bonds Payable and the Effective Interest Method
March 1 Read Chapter 14
Topics: Bonds Payable Continued, Notes Payable, Accounting for Troubled Debt
9
Topics: Common and Preferred Stock
March 3
Stock Issues, Treasury Stock
Read Chapter 15:
10 March 8
Topics: Shareholders’ Equity Continued

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 March 10 Evaluations and Course Review

Final Exam – comprehensive: multiple choice, work out problems and short essay.

Chapter Assignments
Financial Reporting Problem pg 376
Q’s 3, 4, 5
7
Ex’s 4,5,6,7,12
P’s 3,10,11,13
Q’s 8,9
8 Ex’s 1,6,9,12,21
P’s 1,3,6,8
Financial Reporting Problem pg 484
Q’s 1,2, 3, 4,18
9
Ex’s 2,5,8,9
P’s 1,2,4,6
Ex’s 3,5,7,16
10
P’s 9,10
Financial Reporting Problem pg 584
11 Ex’s 4,8,11,13,15,16,21,25
P1
Financial Reporting Problem pg 632
Q’s 1, 3, 4
12
Ex’s 2,3,6,11
P’s 3,5,6
Financial Reporting Problem pg 684
Q’s 1,2,4,14,18
13
Ex’s 5,13,14,16
P’s 1,3,7,8
Financial Reporting Problem pg 738
Q’s 3,4,5
14 B.Ex 5
Ex’s 9,11,17
P’s 2,8,13
Financial Reporting Problem pg 790
Q’s 1,2, 3, 4,5,6 11,12,18,20,21
15
Ex’s ,5,11,14,15
P’s 1,2