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CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA
ACC 311 Intermediate Accounting I
SPRING 2016

PROFESSOR: Dr. Hassan Hefzi OFFICE: 164-2085
OFFICE HOURS: 12:30 - 2:00 MW PHONE: (909) 869-2385 And by appointment E-mail: hhefzi@cpp.edu (I do not respond to e-mails on weekends)

Text and other Materials:
1. Intermediate Accounting, Spiceland, Sepe and Nelson, 8th Ed., McGraw-Hill, 2016.
2. The Wall Street Journal, or the Journal of Accountancy.
3. FASB, Concept Statements No5, 6, 7 & 8). At http://www.fasb.org.

Course Description:
Analytical study and application of accounting theories and techniques including current literature of authoritative accounting organizations. 4 lecture/problem solving.

Prerequisite:
A minimum grade of “C” (2.0) in ACC 304 and a passing grade on the Graduation Writing Test. Non-accounting majors should refer to the current Cal Poly Pomona Catalog.

Course Objectives:
This course is aimed primarily towards those who will be providers of financial information for external use—those who will be primarily responsible for observing, selecting, measuring, and reporting financial information for external decision making. The main objective is to develop skills of APPLICATION AND ANALYSIS, i.e., to demonstrate the use of appropriate concepts, standards, and techniques after having considered the needs of financial statement users and how the behavior of the users may be influenced by financial accounting information. Achieving this objective requires that the student synthesize his/her basic knowledge and understanding of economics, general business, contemporary laws and regulations, and “generally accepted accounting principles”. "Generally accepted accounting principles" include various professional publications, i.e., Accounting Principles Board Opinions and Interpretations, Financial Accounting Standards Board Statements and Interpretations, Selected Securities and Exchange Commission Financial Reporting Releases and other related pronouncements or bulletins.

Course Philosophy:
Intermediate accounting courses are designed to provide the students with an understanding of the theory of financial accounting and the practice necessary to permit the students to function effectively as a professional (management accountant, public accountant, internal auditor, or any other business endeavor). Thus, all of the student’s work must be of a quality such that you could present it to a supervisor, if you were in a real-world situation. Sloppy or incomplete homework is unacceptable. Intermediate accounting will focus on the preparer’s role in providing accounting information. It will emphasize the underlying theory and concepts of financial accounting and will be particularly concerned with a student’s ability to reason why a particular solution is preferable.

You are required to take some responsibility for your own learning. You are expected to read the assigned material and formulate questions before coming to the class. Active participation is expected of everyone. Thus, come to class prepared to participate. Twenty five points of the course grade is based on your class participation. Keep in mind that class attendance is not class participation. You may attend all classes and still receive zero point for class participation, if you do not actively participate in class discussions.

Homework
You have been assigned problems, cases and other materials from each chapter. These assignments are the minimum amount of work required for successful completion of the course. Total of six assignments will be collected for grading on a random basis. You will be allowed to drop the lowest homework grade. Homework assignments will be due at the beginning of the class period for which they are assigned. Late homework assignment will not be accepted under any circumstances.

Quizzes:
Total of six quizzes will be given during the quarter. These quizzes will be over the reading materials from each chapter before they are discussed in class. The purpose of these quizzes is to ensure that you read the chapters for each class period. No make ups will be given. However, you will be allowed to drop the lowest grade on quizzes.

Journal Article Summary Report:
Students in teams of two are required to select an article published either in the Wall Street Journal or in the Journal of Accountancy between March 31, 2015, and April 1, 2016. The selected article should be related to the conceptual topics covered in this course. The article selected is to be submitted for approval before April 6, 2016. The article should be analyzed and discussed to: (1) briefly summarize the article, (2) identify how the article is related to the topics covered in this course, and (3) discuss what you learned from the article. The article should be attached to the written report. The assignments will be graded based on the content, writing style and grammar. The assignments should be typed, double-spaced and be written in an essay format. The report shall be at least two pages long (minimum). Hand-written papers WILL NOT be accepted. The assignment should be submitted by due date (see “Course Schedule” for due dates). Late submissions WILL NOT be accepted.

Beginning of the Class Open Discussion:
First five minutes of each class period is open to you to share with others accounting related or other current materials that you have read or seen or any announcement that you may want to make.

Examinations:
There will be two mid-term exams and final exam. Exams may contain any or all of the following question types: multiple choice, problem, short answer, matching, or essay. Exams will be given on the dates scheduled. No makeup exams will be given. If you miss an exam, you will receive a grade of -0- for the exam. Calculators can be brought to each exam, but they cannot be shared.

Attendance:
Class attendance is expected. Please attend regularly and give yourself every opportunity to successfully complete this course. Students with excessive absences (more than three per exam) will not receive the grade adjustment to individual exams.

Grade Determination:
A letter grade will be assigned based on the total points achieved. Grades will be determined based on the following factors:

Examinations (100 pts each) 300 Homework 50 Quiz 50 Writing Assignments 50 Class participation 25 Total points 475

The following scales will be used to assign the letter grades at the end of the quarter:

A 428 to 475 pts C 332 to 379 pts F less than 285 B 380 to 427 pts D 285 to 331 pts

Add/Drop Policy:
The College of Business add/drop procedures will be strictly adhered to. A copy of the School of Business policy concerning Adds, Drops, Withdrawal from the University, and Incomplete Grades is available in the CBA Student Advising Center, Bldg164. Change in work schedule is not an acceptable excuse to withdraw from this course.

Examinations Policy: 1. Cell phones and all other electronic devices have to be turned off completely and be put away during the examination. Anyone found to have used any electronic devices during the exam will be reported to the Office of Judicial Affairs for instruction for having violated University policy and procedures on academic dishonesty. 2. No student will be allowed to sit for the examination 15 minutes after the start of the examination. 3. Only basic 5 function calculators are permitted. Cell phones/other electronic devices cannot be used as calculators. Calculators are not to be shared during exams and quizzes. You will not be allowed to use a programmable calculator/other electronic device during exams. 4. The instructor reserves the right to assign seating during examinations. 5. Students may not keep or photocopy exams or copy down any items from the test/answer key/other test materials. Any student found to have violated the policy will receive an “F” in the class. 6. If you have a documented disability that requires accommodations in testing or other aspects of the course, please contact the Disability Resource Center in Building 9.

Academic Honesty Policy: Exams and projects are to be the sole work of the individual class participant. As a Cal Poly Pomona student, you have agreed to abide by the University Policy on Academic Integrity, which can be found on http://catalog.csupomona.edu/content.php?catoid=4&navoid=766#Academic_Integrity. Lack of knowledge of the academic honesty policy is not a reasonable explanation for a violation. Questions related to course assignments and the academic honesty policy should be directed to the instructor.

Professionalism Policy: Accounting is a profession. Our goal in this class is to mirror the kinds of behavior in which professionals engage. Professionals arrive at all meetings (i.e., don’t miss class) in a timely fashion (i.e., are not late for class). They treat clients, superiors, subordinates, and other colleagues (i.e., the professor, classmates, and accounting department staff) with great respect. They help others (i.e., fellow students) achieve success and take ownership in the success of the business (i.e., assist the professor in using class time to the benefit of all). They understand that all systems are flawed, all people are human, and the randomness of life causes unhappiness at times, but they do not complain (i.e., they do not whine, but instead craft intellectually-based, well-timed, and professionally-delivered arguments to support their positions). They do not engage in activities that disrupt the speaker or audience (i.e., they don’t’ surf the web or text message during class). You are not expected to be perfect, timid, stoic, or boring; you are expected to be professional. Feel free to ask questions, answer questions, give your opinions about the issue, challenge my answers and thinking, and challenge the answers and thinking of your classmates.

ACC 311 Intermediate Accounting I
Spring 2016
Schedule (subject to minor changes)
|Session |Date |Topic and Reading |Homework and Assignments |
|1 |Mar. 28 |Introduction |
|2 |Mar. 30 |Financial Accounting Environment |E1-1,4, 5; C1-1, 5, 6,7 |
| | |Ch. 1 | |
|3 |Apr. 4 |Conceptual Framework #1 (Objectives) |E1-10, 11, 12 |
| | |CON #8.1 | |
|4 |Apr. 6 |Conceptual Framework #2 (Characteristics) |C1-9, 11 |
| | |CON #8.3 |Journal Article 1 Approval |
|5 |Apr. 11 |Conceptual Framework #6 (Elements) |E1-6, 7, C1-15 |
| | |CON #6 | |
|6 |Apr. 13 |Midterm Exam 1 (Ch1, CON #8.1, #8.3 and #6) |
|7 |Apr. 18 |Review of Accounting Process |E2-4, 9, 15, 17 |
| | |Ch. 2 | |
|8 |Apr. 20 |Review of Accounting Process |P2-1, 3, 4, 5, 11 |
| | |Ch. 2 | |
|9 |Apr. 25 |Output: Balance Sheet |E3-2, 3, 16, 18; C3-1 |
| | |Ch. 3 | |
|10 |Apr. 27 |Output: Balance Sheet |P3-2, 4, 7, C3-5, 8 |
| | |Ch. 3 |Journal Article 1 Due |
|11 |May 2 |Output: Income Statement |E4-3, 4, 5, 8, 11, 12 |
| | |Ch: 4 | |
|12 |May 4 |Output: Income Statement |P4-2, 3, 4, 5, 6; C4-1, 3 |
| | |Ch: 4 |Journal Article 2 Approval |
|13 |May 9 |Midterm Exam 2 (Ch 2 – 4) | |
|14 |May 11 |Income Measurement & Profitability Analysis |
| | |Ch: 5 |
|15 |May 16 |Income Measurement & Profitability Analysis | |
| | |Ch: 5 | |
|16 |May 18 |Income Measurement & Profitability Analysis | |
| | |Con. #5 | |
|17 |May 23 |Present Value Concepts |P6-10, 11, 12, 13, 14 |
| | |Ch. 6 |Journal Article 2 Due |
|18 |May 25 |Present Value Concepts |
| | |Ch. 6 |
|19 |June 1 |Conceptual Framework #7 (Measurement) | |
| | |CON #7 | |
| | |FINAL EXAM (Ch 5 & Ch 6, CON #5, CON #7 & READINGS) | |

Final Exam: 2:00-3:50 Class, Monday, June 6, 1:40-3:40 4:00-5:50 Class, Monday, June 6, 3:50-5:50

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