spring 2014 accounting

8/9/2019 Spring 2014 Accounting

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Los Angeles Harbor College / Business Division

Intermediate Accounting I

Spring 2014 (Online Section)

Course Information Sheet

Fredrick Ho, CPA, MBA

Office: Tech 204.04Phone:310-233-4183

Mail-Box: #308

Feb 10 to June 9, 2014

E-mail:[email protected] Key: E-24YE263AKHWEE

Textbook:

Intermediate Accounting

James M. Wahlen, Jefferson P. Jones, Donald P. Pagach

ISBN: 978-1-285-25221-6 (Intermediate Accounting with Cengage Now)

I. Course DescriptionThis course provides a combination of professional language and vibrant pedagogy

to facilitate the transition from financial principles to the large environment offinancial reporting. To prepare students for professional accounting careers, the texts

comprehensive coverage of GAAP and discussion of IFRS is clearly and consistently

presented throughout.

Prerequisites: ACCT 001 - Financial Accounting and

ACCT 002 - Managerial Accounting

II. Student Learning Outcomes (SLO):

The Intermediate Accounting I courses objectives is to prepare students for careers in

the profession of accounting, finance, and business consulting. At the end of the class,

students should be able to:

Explain the environment and theoretical structure of financial accounting and the

relationship to generally accepted accounting principles.

Discuss generally accepted accounting principles concept statements, assumptions,

principles, and constraints

Exhibit proficiency in the accounting cycle, covering journal entries, ledgers, and trial

balances.

Explain the elements of a statement of income and statement of retained earnings, a

statement of financial position, and a statement of cash flows.

Measure and analyze the relative values of cash inflows and outflows in evaluatingalternative investment opportunities and periodic payments necessary to meet future

obligations. Determine the future cash flows and present value of financial statement

elements.

Distinguish the management and control issues, and apply related accounting

concepts and procedures in order to properly account for liquid assets within the

company.

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Compare and contrast the various methods of accounting for cash and receivables.

Identify the measurement and reporting issues involving inventories and related

expenses.

Determine how inventory is valued and analyzed in merchandising and

manufacturing companies.

Analyze dispositions and exchanges of the plant assets and apply the appropriateaccounting procedures to record the removal of the plant assets from the financial

records of the enterprise.

Determine the proper allocation of cost to capitalized items and expensed items

Analyze the impact on financial statements of various depreciation methods, assetlives, and accounting conventions.

Compare and contrast the accounting for intangible assets and the accounting for

plant assets.

III. Course Format

We will combine Cengage & E-tudes together to complete this course. Yourhomework and exams will be done in Cengage.

There are specific OPEN and DUE dates for each assignment and exam to keep thepace going. You can do more than one assignment in advance.

Discussion Forums for posting questions on an assignment or modules open on the

same dates as the respective assignments. Forums will never close.

There is NO grace period for exams. They are already open for several days.

IV. Course Score & Evaluation

You can earn up to 400 points for the course. See the break down of points below.

Points Grading Breakdown

2 Midterm Exams

(90x 2)

180 90% - A 360 points

Final Exam 100 80% - B 320Homework 120 70% - C 280

Total points for 400 60% - D 240

Wk No Day Topic

One 02/10/14-02/16/14 Preparation: Learn to navigate Etudes & Cengage

Two 02/17/14-02/23/14

1. The Demand For and Supply of Financial Accounting

Information

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Three 02/24/14-03/02/14 2. Financial Reporting: Its Conceptual Framework

Four 03/03/14-03/09/14 3. Review of A Companys Accounting System

Five 03/10/14-03/16/14

4. The Balance Sheet and The Statement of Shareholders

Equity

03/17/14-03/23/14 EXAM 1# (Covering Chapters 01-04)

Six 03/24/14-03/30/14 5. The Income Statement and The statement of Cash Flows

Seven 03/31/14-04/06/14 6. Cash and Receivables

Eight 04/14/14-04/20/14 7. Inventories: Cost Measurement and Flow Assumptions

Nine 04/21/14-04/27/14 8. Inventories: Special Valuation Issues

04/28/14-05/04/14 EXAM 2# (Covering Chapters 05-08)

Ten 05/05/14-05/11/14 9. Current Liabilities and Contingent Obligations

Eleven 05/12/14-05/18/14 10. Property, Plant, and Equipment:

Acquisition and Subsequent InvestmentsTwelve 05/19/14-05/25/14 11. Depreciation, Depletion, Impairment, and Disposal

Thirteen 05/26/14-06/01/14 12. Intangibles

06/02/14-06/08/14 FINAL EXAM (Covering Chapters 09-12)

Due Date at Glance

Ass. Title Opens Due

Ch One 02/10/14 0:00 03/16/14 23:45

Ch Two 02/10/14 0:00 03/16/14 23:45

Ch Three 02/10/14 0:00 03/16/14 23:45

Ch Four 02/10/14 0:00 03/16/14 23:45

Exam 1# 03/17/14 0:00 03/23/14 23:45

Ch Five 02/10/14 0:00 04/27/14 23:45

Ch Six 02/10/14 0:00 04/27/14 23:45

CH Seven 02/10/14 0:00 04/27/14 23:45

CH Eight 02/10/14 0:00 04/27/14 23:45

Exam 2# 04/28/14 0:00 05/04/14 23:45

CH Nine 02/10/14 0:00 06/01/14 23:45

CH Ten 02/10/14 0:00 06/01/14 23:45

CH Eleven 02/10/14 0:00 06/01/14 23:45

CH Twelve 02/10/14 0:00 06/01/14 23:45

Final Test 06/02/14 0:00 06/08/14 23:45

V. Special Facilities and/or Equipment Needed

Internet access, web browsing and email.

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A system with at least 512MB memory. Mac users must have OS X. See Gateway

for details on system requirements. (See Student Resources)

Online time availability for Spring semester, 2014. Daily login is stronglyrecommended.

VI. Student Resources

The Etudes Instruction

What is E-TUDES

E-tudes is a community of institutions and individuals who are supporting teaching,

learning, and collaboration, and expanding educational opportunities to learners throughthe organization's platform and support infrastructure.

Site Link:

The link to get to your ETUDES course is:

https://etudes-ng.fhda.edu/

Your User ID:

When the class starts, this will help you to log in.

Your User ID:

the first 2 letters of your first name +

the first 2 letters of your last name +

the last 5 numbers of your student id numberPlease be sure to use lower case.

John Lennon's User ID would be jole34567

(if he had a student ID of 88-123-4567)

Your Password: month and day of birthFor John Lennon, it would be 1009he was born on October 9th.

After that, click on the tab that corresponds to the course that youre enrolled in.If you have any problem, please email to [email protected]

Reasons why you may be unable to log on:

a. Classes have not started yet.Registration data is loaded on the first day of classonto Etudes. Check your institution's website to find out when your term starts.

b. You are entering invalid login information. Refer to your institution's websitefor the correct userid formula and the default password that they assign to

students.

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https://etudes-ng.fhda.edu/mailto:[email protected]://etudes.org/gateway/login_schools-list.htmhttp://etudes.org/gateway/login_schools-list.htmhttp://etudes.org/gateway/login_schools-list.htmhttp://etudes.org/gateway/login_schools-list.htmmailto:[email protected]://etudes-ng.fhda.edu/


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c. You forgot your password. If you have taken classes before, you may havechanged your password and no longer remember it. Add your email in the Reset

Password tool and a new computer-generated password will be emailed to you.

The response is instant.

d. Your Account has old information or you have duplicate accounts in the system.

Complete our "Update My Etudes Account" form. This is for existing Etudesaccounts ONLY! Provide your old email and the month / date of your b-day to

verify your identity.

e. You are not a new user of Etudes. If you are not a new user of Etudes, please use

the password that you had established in the past. We don't change passwords

from term to term.

f. You have requested to add a class, but you are NOT officially enrolled in

the Registrar's Office yet. You will be able to log into the Etudes system the

morning after you are officially enrolled with your institution's Admissions.Weekends may be an exception.

g. You are attempting to log on from an unsupported browser, such as AOL orMSN (see system requirements).

h. If your class is overand your instructor has disabled the site, you can no longersee a tab for the course.

i. If you have been dropped from the course, you'll no longer have a tab to the

class.

For more information about login or other help, please check the link (https://etudes-ng.fhda.edu/portal/site/!gateway/page/d1c7e1aa-efa9-4c63-8019-72a431b4046c ) or

(http://etudes.org/release/melete/downloads/student_guide.pdf)

Cengage Instructions

For more information about Cengage, Please log in to E-tudesand follow the link tothe Cengage Instructionsposted on Announcements.

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http://etudes-ng.fhda.edu/portal/tool/48c9b7ec-3278-42e9-0068-45796b9c2e2f?panel=Mainhttp://etudes-ng.fhda.edu/portal/tool/48c9b7ec-3278-42e9-0068-45796b9c2e2f?panel=Mainhttp://etudes.org/update_account.htmlhttp://etudes.org/gateway/server_info.htmlhttps://etudes-ng.fhda.edu/portal/site/!gateway/page/d1c7e1aa-efa9-4c63-8019-72a431b4046chttps://etudes-ng.fhda.edu/portal/site/!gateway/page/d1c7e1aa-efa9-4c63-8019-72a431b4046chttp://etudes.org/release/melete/downloads/student_guide.pdfhttp://etudes.org/release/melete/downloads/student_guide.pdfhttps://etudes-ng.fhda.edu/portal/site/!gateway/page/d1c7e1aa-efa9-4c63-8019-72a431b4046chttps://etudes-ng.fhda.edu/portal/site/!gateway/page/d1c7e1aa-efa9-4c63-8019-72a431b4046chttp://etudes.org/gateway/server_info.htmlhttp://etudes.org/update_account.htmlhttp://etudes-ng.fhda.edu/portal/tool/48c9b7ec-3278-42e9-0068-45796b9c2e2f?panel=Mainhttp://etudes-ng.fhda.edu/portal/tool/48c9b7ec-3278-42e9-0068-45796b9c2e2f?panel=Main

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