School of Business ACCT303 Intermediate Accounting III 3 Credit Hours 8 Weeks Prerequisite: ACCT302

STUDENT WARNING: This course syllabus is from a previous semester archive and serves only as a preparatory reference.
Please use this syllabus as a reference only until the professor opens the classroom and you have access to the updated course
syllabus. Please do NOT purchase any books or start any work based on this syllabus; this syllabus may NOT be the one that your
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course description through your student portal. This syllabus is proprietary material of APUS.
School of Business
ACCT303
Intermediate Accounting III
3 Credit Hours
8 weeks
Prerequisite: ACCT302
Table of Contents
Table of Contents Evaluation Procedures

Course Description Grading Scale
Course Scope Course Outline
Course Objectives Policies
Course Delivery Method Academic Services
Course Resources Selected Bibliography
Course Description (Catalog)
A survey of the financial reporting process, a detailed study of financial statements, and an analysis of generally
accepted accounting principles.
Prerequisites: Intermediate Accounting II (ACCT302)

Table of Contents
Course Scope
This course is the third of three intermediate accounting courses. This course provides the student with the
breath, depth, and application of the accounting standards and regulations. The course stresses the
understanding of GAAP and iGAAP as well as the practical implementation of these principles.
Table of Contents
Course Objectives
CO. 1 Use the components of the pension-related asset/liability and changes in the components to compute
the periodic expense associated with pensions and to compute the impact on other comprehensive
income.
CO. 2 Determine the business and accounting concepts connected with derivatives and hedging activities.
CO. 3 Compare the difference between a change in accounting estimate and a change in accounting principle,
and know how a change in accounting estimate is reflected in the financial statements.
CO. 4 Analyze the potential impact that differing accounting methods can have on the financial ratios of
otherwise essentially identical companies.
Table of Contents
Course Delivery Method
This course, delivered via distance learning, will enable students to complete academic work in a flexible
manner, completely online. Course resources and access to an online learning management system will be made
available to each student. Online assignments are due each week as noted and include forum questions
(accomplished in groups through a threaded forum), examinations, and individual assignments submitted for
review by the Faculty Member. Assigned faculty will support the students throughout this eight-week course.
Table of Contents
Course Resources
Required Course Textbook

Stice, E. &Stice J. (2012). Intermediate accounting (18th ed.). Mason, OH: South-Western Cengage Learning.
APUS Custom ISBN: 1133664644
Websites
In addition to the required course text, the following public domain websites are useful. Please abide by the
university’s academic honesty policy when using Internet sources. Note website addresses are subject to
change.
• Stice & Stice Textbook Companion Website
• American Psychological Association (APA) Style Website
• Purdue Online Writing Lab
• Turnitin Website
Table of Contents
Evaluation Procedures
Grade Instruments Points Percentage

Forums (Weeks 1-7) 100 points each 30
Homework Problems (Weeks 1-3, 5 & 7) 100 points each 30
Quizzes (Weeks 1-3, 5-7) 100 points each 30
Final Assessment (Week 8 Paper) 100 points 10
Final Course Grade 100
Forums
Please join the forums during weekly sessions. Students must post a main response to the weekly forum
question by Day 3, and at least two replies to other students by Day 7. Active participation is required by
replying to classmates during the week of the assignment. Therefore, replies after the end of the each week will
not be graded. The forums are for student interaction and submitting input after the end of the week serves no
learning objective and does not constitute participation. Students should demonstrate their own knowledge in
the forums and avoid copying and pasting from websites.
Your grade will be based on the Forums Grading Criteria:
Forums Grading Criteria Requirements

• All discussion questions are answered completely.
• Responses are original in content with a minimum of one external reference.
Quality Guidelines (50%):
• All posts demonstrated analysis of the topic.
• Responses to classmates are significant and advanced the discussion.
• Main response is posted by Day 3.
• Main response is no less than 250 words.
Participation Guidelines (30%):
• Reply to at least two of their classmates by Day 7.
• Responses to classmates are at least 100 words.
• Responses were organized and logical.
Clarity, Organization, & • No spelling or grammatical errors.
Professionalism Guidelines (20%): • References were used and cited properly.
• Appropriate language, respect, and consideration toward peers/instructor.
Homework Assignments
Assigned problems should demonstrate an understanding and thorough application of chapter objectives. Excel
homework templates can be found in Resources in order to make it easier to complete the problems assigned.
Please name your assignment file as “lastnamefirstinitial-ACCT303-Week#", and submit by midnight Eastern
Time, Day 7.
Your homework exercises/problems will be evaluated according to the following Homework Problems Grading
Criteria:
Grade Homework Problems Grading Criteria

• Assigned exercises/problems are completed in full.
• Work demonstrates effective application of the concepts/principles covered in the chapter.
90-100%
• Work thoroughly explains answers and calculations.
• Solutions are calculated with no errors or insignificant errors.
• Assigned exercises/problems are completed in full or are significantly complete.
• Work demonstrates effective application of most concepts/principles covered in the chapter.
80-89%
• Work thoroughly explains most answers and calculations.
• Solutions are calculated with insignificant errors.
• Assigned exercises/problems are mostly complete.
70-79% • Work demonstrates effective application of some concepts/principles covered in the chapter.
• Work explains some answers and calculations.
• Solutions are calculated with significant errors.

• Assigned exercises/problems are fairly complete.
• Work demonstrates effective application of a few concepts/principles covered in the chapter.
60-69%
• Work explains a few answers and calculations.
• Solutions are calculated with significant errors.
• Assigned exercises/problems are less than 50% complete.
• Work does not demonstrate effective application of the concepts covered in the chapter.
0-59%
• Work submitted does not thoroughly explain answers and calculations.
• Solutions are not calculated or are calculated with significant errors.
Writing Assignment
The writing assignment will demonstrate writing across the curriculum by responding to the topic selected in a
500-700 word, APA formatted paper. Please name your assignment file as “lastnamefirstinitial-ACCT303-
Week6", and submit by midnight Eastern Time, Day 7.
You are required to have your writing assignment reviewed by Turnitin before you submit it to the professor.
Please review the RESOURCES link for the Turnitin instructions.
Turnitin
Turnitin.com is an excellent resource to check the content and quality of writing assignments and to avoid
plagiarism. Students are required to create an account and submit all writing assignments to Turnitin. An
Originality Report will be generated upon paper submission, which must be submitted with your assignment.
Writing Assignments will not be graded if the Originality Report is not submitted to the assignment drop box
with the assignment. Your instructor will provide you with a course ID and password to enroll in the class.
The Originality Report does not actually recommend changes. It does point out where you may need to add a
citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it
will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct
quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your
references are cited. A report less than 25% is acceptable for undergraduate level work.
Turnitin Access Codes

Please see the Course Announcements for Class ID and Password.
Your assignment will be evaluated according to the following Writing Assignment Grading Criteria:
Guidelines Writing Assignment Grading Criteria

• Response demonstrates a clear understanding of the key elements of assignment
questions.
• Responses thoroughly cover the elements in a substantive manner.
Content (60%)
• Response demonstrates critical thinking and analysis.
• Content is complete and accurate.
• Introduction and conclusion provides adequate information on the given topic.
Organization • Paper structure is clear and easy to follow.
(20%) • Ideas flow in a logical sequence.
• Introduction provides a sound introduction to the topic and previews major points.
• Paragraph transitions are logical and support the flow of thought throughout the
paper.
• The conclusion thoroughly reviews the major points.
• Sentences are well constructed, complete, clear, and concise.
• Words used are specific and unambiguous.
Writing Style, • The tone is appropriate to the content and assignment.
Grammar, APA • Grammar, spelling and punctuation are correct.
Format (20%) • APA guidelines (6th edition) are followed, such as headers, citations, references, etc.
• Effective use of aids, such as sections, summaries, table of contents, indices,
and appendices (if appropriate)
Quizzes
The quizzes will consist of 10 multiple choice questions on the chapters covered during each week. Each quiz is
accessible only once and is available for a 1-hour time period. Once a quiz is accessed, you will not be able to
access it again if you disconnect. Therefore, allocate adequate time to complete your quiz. Weekly quizzes must
be submitted by midnight Eastern Time, Day 7.
Submission of Assignments and Grading

Be sure to turn in assignments and exams as scheduled. Assignments will be graded within five days after the end
of the week in which they are assigned according to APUS policy. If your assignment is submitted after the weekly
grading, it will be graded during the next grading period for this class. It is preferred that students refer to the 8-
Week Course Outline for a weekly schedule of assignments and their due dates. Assignments submitted three
days after their due date will be assessed a 10% late penalty.
Refer to the Student Handbook for policies relevant to academic honesty and other procedures and policies
related to this course. Refer to Online Library for any research assistance. Plagiarized papers or incidents of
academic dishonesty will receive an F.
Table of Contents
8 – Week Course Outline
Week Topic Learning Objectives Readings Assignment

1 Employee L.O. 1- Analyze account Text Readings: Forum (not graded):
Compensation— for payroll and payroll Chapters 17 & 18 Post your Introduction
Payroll, Pensions, taxes, and understand It must be at least 250 words.
and Other the criteria for In Assignments:
Compensation Issues recognizing a liability Homework Template Forum 2:
associated with Employers use a discount rate
compensated absences. Online Websites: to compute the actuarial
Chapter 17 Crossword present value of benefits,

L.O. 2- Compute Puzzle pension expense, and the
performance bonuses, obligation of the employer
and recognize the issues Chapter 18 Crossword under the pension plan. The
associated with Puzzle choice of the discount rate
postemployment can have a great effect on
benefits. measures of pension cost and
benefit obligations.
L.O. 3- Discuss the nature Assumptions regarding
and characteristics of discount rates must be made
employer pension plans, carefully in order to ensure
including the details of that differences in pension
defined benefit plans. plans are properly reflected in
the annual reports of
companies sponsoring such
plans.
Identify factors employers

should consider when
choosing the discount rate to
be used in accounting for
pension plans of the
enterprise.
Submit main response by

midnight Eastern Time, Day 3,
and respond to at least two
other students’ posts by
midnight Eastern Time, Day 7.
Homework Problems:
Chapter 17 Exercise 20
Submit in homework template

by midnight Eastern Time, Day
7.
Quiz:
10 Multiple Choice Questions.
Quiz is accessible only once
for a period of one hour.
Submit by midnight Eastern
Time, Day 7.
2 Derivatives, L.O. 1-Discuss the Text Readings: Forum:

Contingencies, business and accounting Chapter 19
Business Segments, concepts connected with Goldisk Company began
and Interim Reports derivatives and hedging In Assignments: operations five years ago. The
activities. Homework Template company produces and sells
software. The company's
L.O. 2- Compare and Online Websites: primary market is in the
contrast the different Chapter 19 Crossword United States, where 60% of
types of risk faced by a Puzzle sales occur. Ten percent of the
business. company's sales occur in
China and 30% of sales occur
L.O. 3- Describe the in Europe. Foreign sales are
characteristics of the denominated in local
following types of currencies. Major software
derivatives: swaps, purchases may be paid over a
forwards, futures, and one-year period.
options.
Goldisk Company has
L.O. 4- Define hedging, obtained its long-term
and outline the financing from U.S., Chinese,
difference between a fair and European banks.
value hedge and a cash Approximately one-half of the
flow hedge. loans from U.S. banks are
variable-rate loans, with the
remainder of the company's
loans being fixed-rate
obligations.
Goldisk Company has seen

dramatic fluctuations in
earnings during its five years
of existence.
Identify the types of risk faced

by Goldisk Company.

Homework Problems:
Chapter 19 Problem 40

7.
Quiz:
Time, Day 7.
3 Accounting Changes L.O. 1- Discuss the two Text Readings: Forum:
and Error Corrections different types of Chapter 20 FASB ASC Topic 250
accounting changes that (Presentation-Accounting
have been identified by In Assignments: Changes and Error
accounting standard Homework Template Corrections, requires that
setters. voluntary changes in
Online Websites: accounting principles be
L.O. 2- Analyze the Chapter 20 Companion reported retrospectively. The
difference between a Website standard recognizes that such
change in accounting retrospective restatement is
estimate and a change in not always practical.
accounting principle, and
know how a change in Required:
accounting estimate is
reflected in the financial 1. Explain how a company
statements. would report a change from
FIFO method of inventory
costing to the LIFO method
under ASC Topic 250.
2. Suppose a company has

some, but not all, of the
information needed to
account for a change
retrospectively. As an
example, a company changes
to the LIFO inventory method
on January 1, 2014.
Management has information
that would allow it to revise
all assets and liabilities based
on the newly adopted method
for 2013 in its comparative
financial statements, but not
for 2012. Explain how this

change would be reported
under the circumstances
described.
3. Suppose a company does

not have the information
necessary to retrospectively
adjust retained earnings, but
does have information
available to revise all assets
and liabilities for one or more
specific years. As an example,
a company changes to the
LIFO inventory method on
January 1, 2014. The required
records of inventory
purchases and sales for some
previous years are not
available. The company does
have the information required
to apply the LIFO method on a
prospective basis beginning in
2012. Explain how this change
would be reported under the
circumstances described.

Homework Problems:

7.
Quiz:

Time, Day 7.
4 Week 4 Quiz (Chapters 17-
20):
Exa is accessible only once for
a period of two (2) hours.
Time, Day 7.
Week 4 Reflection Forum

5 Statement of Cash L.O. 1- Analyze the Text Readings: Forum:
Flows Revisited statement of cash flows Chapters 21
and provide the required Provide an interpretation of
supplemental disclosures. In Assignments: the company’s statement of
Homework Template cash flows in light of its
L.O. 2- Compare the situation. Consider ethical
differences among cash Online Websites: matters in the context of
flow statements prepared Chapter 21 Crossword company strategy and
according to U.S. GAAP Puzzle financial disclosure.
and IASB standards.
Homework Problems:

7.
Quiz:
Time, Day 7.
6 Accounting in a L.O. 1- Discuss the Text Readings: Forum:
Global Market importance and potential Chapter 22 The proper analysis of foreign
impact of a common operations by financial
worldwide set of In Assignments: statement users requires that
accounting standards. Homework Template financial statements of the
foreign operations be
L.O. 2- Identify key Online Websites: expressed in a common
differences between U.S. Chapter 22 Companion currency. For a U.S. company
GAAP and IFRS. Website with a French subsidiary, this
means converting the
L.O. 3- Convert foreign subsidiary’s financial
currency financial statements from francs to U.S.
statements into U.S. dollars.
dollars using the
translation method. One of the major issues in
translating the financial
statements of a foreign
branch, division, or subsidiary
is determining the functional
currency of the foreign entity.
The term “functional
currency” has been defined by
the Financial Accounting
Standards Boards (FASB) as
the currency of the primary
economic environment in
which the entity operates;
normally, the currency of the
environment in which the
entity primarily generates and
expends cash. Although the
definition may seem relatively
straightforward, the Financial
Accounting Standards Board
found it necessary to list
various factors to guide
management in determining
the functional currency.
Required:
Identify the factors FASB

identified that might be
helpful in making the
functional currency decision.

Paper:
Please turn in a two (2) page
paper following APA
formatting. Submit by
Quiz:
Time, Day 7.
7 Analysis of Financial L.O. 1- Discuss the Text Readings: Forum
Statements systematic financial ratio Chapter 23 Diane Singer has just been
analysis using common- assigned as the senior
size financial statements In Assignments: accountant on the audit of
and the DuPont Homework Template Pottery Manufacturing
framework. Company. Diane currently is
Online Websites: planning the audit and has
L.O. 2- Analyze the Chapter 23 Crossword been considering what
potential impact that Puzzle procedures to perform in
differing accounting examining the company's
methods can have on the inventories of raw materials,
financial ratios of work-in-process, and finished
otherwise essentially goods. She has determined
identical companies. that the calculation of certain
ratios and other financial
L.O. 3- Perform and analysis techniques will prove
discuss a simple valuation useful to her in deciding how
of a company using to approach the audit of the
financial statement data. company's inventory
accounts.
Identify the ratios to be

calculated and the factors to
be considered in Diane's
analysis of the company's
inventory accounts.

Homework Problems:

7.
Quiz:
Time, Day 7.
8 Week 8 Quiz
20 Multiple choice questions
from all chapters assigned.
The exam is accessible only
once, for a period of two (2)
hours. Submit by midnight
Eastern Time, Day 6.
Table of Contents
Policies
Please see the Student Handbook to reference all University policies. Quick links to frequently asked questions
about policies are listed below.
Drop/Withdrawal Policy
Plagiarism Policy
Extension Process and Policy
Disability Accommodations
Citation and Reference Style

Note: Students will follow the APA 6th edition as the sole citation and reference style used in written work
submitted as part of coursework to the University. Assignments completed in a narrative essay or composition
format must follow the citation style cited in the APA 6th edition.
Late Assignments
Students are expected to submit classroom assignments by the posted due date and to complete the course
according to the published class schedule. As adults, students, and working professionals, I understand you must
manage competing demands on your time. Should you need additional time to complete an assignment, please
contact your instructor before the due date to discuss the situation and determine an acceptable resolution.
Routine submission of late assignments is unacceptable and may result in points deducted from your final
course grade.
Netiquette
Online universities promote the advancement of knowledge through positive and constructive debate - both
inside and outside the classroom. Discussions on the Internet, however, can occasionally degenerate into
needless insults and “flaming.” Such activity and the loss of good manners are not acceptable in a university
setting - basic academic rules of good behavior and proper “Netiquette” must persist. Remember that you are in
a place for the fun and excitement of learning, and that does not include descent to personal attacks or student
attempts to stifle the discussion of others.
Humor Note: Despite the best of intentions, jokes and – especially - satire can easily get lost or taken seriously. If
you feel the need for humor, you may wish to add “emoticons” to help alert your readers: ;-), : ), , etc.
Disclaimer Statement
Course content may vary from the outline to meet the needs of this particular group.
Table of Contents
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Table of Contents
Turnitin.com
Turnitin.com is an excellent resource to check the content and quality of writing assignments and to avoid
plagiarism. Students are required to create an account and submit all writing assignments to turnitin.com. An
Originality Report will be generated upon paper submission, which must be submitted with your assignment.
Writing Assignments will not be graded if the Originality Report is not submitted in the assignment drop box
with the assignment. Your instructor will provide you with a class ID and password to enroll in the class.
The Originality Report does not actually recommend changes. It does point out where you may need to add a
citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it
will assist you in improving quality and content, as well as avoiding plagiarism. Your goal is to keep direct
quotations to a minimum and make sure that you do not just cut and paste material. Ensure that all your
references are cited. A report less than 30% is acceptable for undergraduate level work.
Table of Contents
Selected Bibliography
Text Companion Website

Table of Contents

School of Business ACCT303 Intermediate Accounting III 3 Credit Hours 8 Weeks Prerequisite: ACCT302

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STUDENT WARNING: This course syllabus is from a previous semester archive and serves only as a preparatory reference.

Table of Contents Evaluation Procedures

Course Description (Catalog)

Prerequisites: Intermediate Accounting II (ACCT302)

Required Course Textbook

Grade Instruments Points Percentage

Your grade will be based on the Forums Grading Criteria:

Forums Grading Criteria Requirements

Grade Homework Problems Grading Criteria

• Solutions are calculated with significant errors.

Turnitin Access Codes

Guidelines Writing Assignment Grading Criteria

Submission of Assignments and Grading

8 – Week Course Outline

Week Topic Learning Objectives Readings Assignment

Chapter 17 Crossword present value of benefits,

Identify factors employers

Submit main response by

Submit in homework template

2 Derivatives, L.O. 1-Discuss the Text Readings: Forum:

Goldisk Company has seen

Identify the types of risk faced

Submit main response by

Submit in homework template

2. Suppose a company has

for 2012. Explain how this

3. Suppose a company does

Submit main response by

Submit in homework template

for a period of one hour.

Week 4 Reflection Forum

Submit in homework template

Identify the factors FASB

Submit main response by

Identify the ratios to be

Submit main response by

Submit in homework template

Citation and Reference Style

Request a Library Guide for your course (http://apus.libguides.com/index.php)

Text Companion Website

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