acc 423

ACC/423 Intermediate Financial Accounting III

Copyright 2014 by University of Phoenix. All rights reserved.

SYLLABUS

Course Description This course is the third of a three-part series of courses related to intermediate accounting. This course examines owners' equity, investments, income taxes, pensions and post-retirement benefits, as well as changes and error analysis. The course finishes with a look at derivative instruments. Interwoven in the presentation of the material is an assortment of ethical dilemmas that encourage discussions about how the accountant should handle specific situations.

Course Dates Apr 07, 2015 - May 11, 2015

Faculty Information

• Academic Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.

Program Information • Program Map

Academic Resources • WileyPLUS Student Support

Instructions Review the WileyPLUS Student Support document. SupportingMaterial WileyPLUS Student Support document

Get Ready for Class • Familiarize yourself with the textbooks used in this course.

Instructions Kieso, D.E., Weygandt, J.J., & Warfield, T.D. (2013). Intermediate Accounting (15th ed.). Hoboken, NJ: John Wiley & Sons.

Course Materials All electronic materials are available on your student website.

Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents (both located on your student website):

Policies

RAYMOND HO (PRIMARY)Name : Email Address : [email protected] Phone Number : See Policies

Week1 Apr, 07 - Apr, 13 Owners' Equity and Earnings per Share

1.1 Distinguish between contributed capital and retained earnings. 1.2 Record journal entries related to common, preferred, treasury stock, and dividends. 1.3 Calculate basic and diluted earnings per share (EPS). 1.4 Evaluate promulgated accounting treatments for stock compensation.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Intermediate Accounting, Ch.15

• WileyPLUS Assignment: Intermediate Accounting, Ch.16

• Week One Electronic Reserve Readings

Read the Week One Electronic Reserve Readings.

Week One Electronic Reserve Readings Support Material

Instructions

• Week 1 Muddiest Point

Click on the New Message icon and answer the following question: What was the most challenging concept for idea from Week 1? Why was this challenging and how might you learn more about this?

Instructions

• WileyPLUS Read, Study, Practice - Week 1

Complete WileyPLUS Read, Study, Practice - Week 1. Instructions

• Week 1 CPA Excel

Click on the CPA Exam Assessment Tool icon located on the right. Follow the directions for the CPA Exam Assessment Tool. Complete the "Register Now" information. Check Exam Mode and NOT Practice Mode. Deselect the top box that checks all chapters. Once deselected, check the boxes for the chapters being assessed in Week 1: Ch. 15-16. Use the drop down box to select the number of questions to be provided and select 20. Complete the CPA Excel for Week 1. To save the assignment:

• Press "Print Screen". • Open an MS® Word document. • Press Ctrl-V • Save document as CPAExcel_w1_lastname Click the Assignment Files tab to submit your assignment.

CPA Exam Assessment Tool Guide Support Material

Instructions

Assignments See the student website for additional recommended learning activities that may help you learn this week's concepts.

Title Type Due Points

Week One Participation Instructions: Participate in the class discussion.

Individual Apr 13, 2015 11:59 PM 2

Owners’ Equity Paper Instructions: Prepare a 700- to 1,050-word response to the following questions:

• Why is it important to keep paid-in capital separate from earned capital? • As an investor, is paid-in capital or earned capital more important? Explain why. • As an investor, are basic or diluted earnings per share more important? Explain why. Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

Individual Apr 13, 2015 11:59 PM 10

Week 1 CPA Excel Instructions: Submit the Week 1 CPA Excel assignment.

Click the Assignment Files tab to submit your assignment.

SupportingMaterial:Week 1 CPA Excel

Individual Apr 13, 2015 11:59 PM 2

Week2 Apr, 14 - Apr, 20 Investments

2.1 Distinguish between debt and equity investments. 2.2 Determine when to use the fair value and equity methods of accounting for investments. 2.3 Prepare journal entries for investments using the fair value and the equity method. 2.4 Distinguish between traditional and derivative financial instruments.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Intermediate Accounting, Ch.17

• WileyPLUS Assignment: Intermediate Accounting, Ch. 17A

• Week Two Electronic Reserve Readings

Read the Week Two Electronic Reserve Readings.

Week Two Electronic Reserve Readings Support Material

Instructions

• Week 2 Muddiest Point

Click on the New Message icon and answer the following question:

What was the most challenging concept for idea from Week 2? Why was this challenging and how might you learn more about this?

Instructions

• WileyPLUS Read, Study, Practice - Week 2

Complete WileyPLUS Read, Study, Practice - Week 2. Instructions

• Week 2 CPA Excel

Click on the CPA Exam Assessment Tool icon located on the right. Log into the CPA Exam Assessment Tool. Check Exam Mode and NOT Practice Mode. Deselect the top box that checks all chapters. Once deselected, check the boxes for the chapters being assessed in Week 2: Ch. 17. Use the drop down box to select the number of questions to be provided and select 20. Complete the CPA Excel for Week 2. To save the assignment:

• Press "Print Screen". • Open an MS® Word document. • Press Ctrl-V • Save document as CPAExcel_w2_lastname Click the Assignment Files tab to submit your assignment.

Instructions

Assignments See the student website for additional recommended learning activities that may help you learn this week's concepts.

Title Type Due Points

Week Two Participation Instructions: Participate in the class discussion.

Individual Apr 20, 2015 11:59 PM 2

Week 2 Textbook Problems Instructions: Prepare written responses to the following assignments from Ch. 16 of Intermediate Accounting:

• Problem P15-1 • Problem P15-11 • Exercise E16-15 • Exercise E16-20 • Exercise E16-25 • Exercise E16-29 Click the Assignment Files tab to submit your assignment.

SupportingMaterial:WileyPLUS Assignment: Intermediate Accounting, Ch.16

Learning team

Apr 20, 2015 11:59 PM 9

WileyPLUS Assignment: Week 2 Assignment Instructions: Complete the following Week Two Assignment in WileyPLUS:

• Exercise E15-1 • Exercise E15-6 • Exercise E15-14 • Exercise E15-18 • Exercise E16-2 • Exercise E16-7 • Exercise E17-2 • Exercise E17-4 • Exercise E17-7 • Exercise E17-13 • Exercise E17-16

Individual Apr 20, 2015 11:59 PM 7

Week 2 CPA Excel Instructions: Submit the Week 2 CPA Excel assignment.

Click the Assignment Files tab to submit your assignment.

SupportingMaterial:Week 2 CPA Excel

Individual Apr 20, 2015 11:59 PM 2

Week3 Apr, 21 - Apr, 27 Accounting for Income Taxes

3.1 Differentiate between temporary and permanent differences and between pretax financial income and taxable income. 3.2 Calculate current and deferred tax assets and liabilities.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Intermediate Accounting, Ch.19

• Week Three Electronic Reserve Readings

Read the Week Three Electronic Reserve Readings.

Week Three Electronic Reserve Readings Support Material

Instructions

• Week 3 Muddiest Point

Click on the New Message icon and answer the following question: What was the most challenging concept for idea from Week 3? Why was this challenging and how might you learn more about this?

Instructions

• WileyPLUS Read, Study, Practice - Week 3

Complete WileyPLUS Read, Study, Practice - Week 3. Instructions

• Week 3 CPA Excel

Complete CPA Excel - Week 3. Click on the CPA Exam Assessment Tool icon located on the right. Log into the CPA Exam Assessment Tool. Check Exam Mode and NOT Practice Mode. Deselect the top box that checks all chapters. Once deselected, check the boxes for the chapters being assessed in Week 3: Ch. 19. Use the drop down box to select the number of questions to be provided and select 20. Complete the CPA Excel for Week 3. To save the assignment:

• Press "Print Screen". • Open an MS® Word document. • Press Ctrl-V • Save document as CPAExcel_w3_lastname Click the Assignment Files tab to submit your assignment.

Instructions

Assignments See the student website for additional recommended learning activities that may help you learn this week's concepts.

Title Type Due Points

Week Three Participation Instructions: Participate in the class discussion.

Individual Apr 27, 2015 11:59 PM 4

Week 3 Textbook Problems Instructions: Prepare written responses to the following assignments from Ch. 17 of Intermediate Accounting:

• Problem P17-1 • Problem P17-3 • Exercise E17-22 Click the Assignment Files tab to submit your assignment.

SupportingMaterial:WileyPLUS Assignment: Intermediate Accounting, Ch.17

Learning team

Apr 27, 2015 11:59 PM 7

WileyPLUS Assignment: Week 3 Assignment Instructions: Complete the following Week Three Assignment in WileyPLUS:

• Exercise 19-2 • Exercise 19-4 • Exercise 19-8 • Exercise 19-12 • Exercise 19-21

Individual Apr 27, 2015 11:59 PM 4

Week 3 CPA Excel Instructions: Submit the Week 3 CPA Excel assignment.

Click the Assignment Files tab to submit your assignment.

Individual Apr 27, 2015 11:59 PM 2

Week4 Apr, 28 - May, 04 Accounting for Pensions and Postretirement Benefits

4.1 Differentiate between a defined contribution and a defined benefit plan. 4.2 Determine the components of pension expense. 4.3 Calculate pension liability and expense. 4.4 Record other postretirement benefits.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Intermediate Accounting, Ch.20

• Week Four Electronic Reserve Readings

Read the Week Four Electronic Reserve Readings.

Week Four Electronic Reserve Readings Support Material

Instructions

• Week 4 Muddiest Point

Click on the New Message icon and answer the following question: What was the most challenging concept for idea from Week 4? Why was this challenging and how might you learn more about this?

Instructions

• WileyPLUS Read, Study, Practice - Week 4

Complete WileyPLUS Read, Study, Practice - Week 4. Instructions

• Week 4 CPA Excel

Complete CPA Excel - Week 4. Click on the CPA Exam Assessment Tool icon located on the right. Log into the CPA Exam Assessment Tool. Check Exam Mode and NOT Practice Mode. Deselect the top box that checks all chapters. Once deselected, check the boxes for the chapters being assessed in Week 4: Ch. 20. Use the drop down box to select the number of questions to be provided and select 20. Complete the CPA Excel for Week 4. To save the assignment:

• Press "Print Screen". • Open an MS® Word document. • Press Ctrl-V • Save document as CPAExcel_w4_lastname Click the Assignment Files tab to submit your assignment.

Instructions

Assignments See the student website for additional recommended learning activities that may help you learn this week's concepts.

Title Type Due Points

Week Four Participation Instructions: Participate in the class discussion.

Individual May 04, 2015 11:59 PM 4

WileyPLUS Assignment: Week 4 Assignment Instructions: Complete the following Week Four Assignment in WileyPLUS:

• Exercise E20-1 • Exercise E20-4 • Exercise E20-6 • Exercise E20-8 • Exercise E20-10 • Exercise E20-16

Individual May 04, 2015 11:59 PM 5

Week 4 Textbook Problems Instructions: Prepare written responses to the following assignments from Ch. 19 of Intermediate Accounting:

• Problem P19-1 • Problem P19-2 • Problem P19-4 • Exercise E19-6 Click the Assignment Files tab to submit your assignment.

Learning team

May 04, 2015 11:59 PM 7

Week 4 CPA Excel Instructions: Submit the Week 4 CPA Excel assignment.

Click the Assignment Files tab to submit your assignment.

SupportingMaterial:Week 4 CPA Excel

Individual May 04, 2015 11:59 PM 2

Week5 May, 05 - May, 11 Accounting Changes and Error Analysis

5.1 Prepare journal entries and disclosures associated with changes in accounting principles, reporting entities, and estimates. 5.2 Prepare journal entries and disclosures associated with changes due to errors.

Objectives/Competencies

Required Learning Activities • WileyPLUS Assignment: Intermediate Accounting, Ch.22

• Week Five Electronic Reserve Readings

Read the Week Five Electronic Reserve Readings.

Week Five Electronic Reserve Readings Support Material

Instructions

• Week 5 Muddiest Point

Click on the New Message icon and answer the following question: What was the most challenging concept for idea from Week 5? Why was this challenging and how might you learn more about this?

Instructions

• WileyPLUS Read, Study, Practice - Week 5

Complete WileyPLUS Read, Study, Practice - Week 5. Instructions

• Week 5 CPA Excel

Complete CPA Excel - Week 5. Click on the CPA Exam Assessment Tool icon located on the right. Log into the CPA Exam Assessment Tool. Check Exam Mode and NOT Practice Mode. Deselect the top box that checks all chapters. Once deselected, check the boxes for the chapters being assessed in Week 5: Ch. 22. Use the drop down box to select the number of questions to be provided and select 20. Complete the CPA Excel for Week 5. To save the assignment:

• Press "Print Screen". • Open an MS® Word document. • Press Ctrl-V • Save document as CPAExcel_w5_lastname Click the Assignment Files tab to submit your assignment.

Instructions

Assignments See the student website for additional recommended learning activities that may help you learn this week's concepts.

Title Type Due Points

Week Five Participation Instructions: Participate in the class discussion.

Individual May 11, 2015 11:59 PM 2

Week 5 Textbook Assignment Instructions: Prepare written responses to the following assignments from Ch. 20 of Intermediate Accounting:

• Problem P20-1 • Problem P20-3 • Problem P22-1 • Problem P22-2 Click the Assignment Files tab to submit your assignment.

Learning team

May 11, 2015 11:59 PM 7

WileyPLUS Assignment: Week 5 Assignment Instructions: Complete the following Week Five Assignment in WileyPLUS:

• Exercise E22-1 • Exercise E22-3 • Exercise E22-6 • Exercise E22-9 • Exercise E22-14 • Exercise E22-17

Individual May 11, 2015 11:59 PM 5

WileyPLUS Assignment: Final Examination Instructions: Resource: WileyPLUS

Complete the Final Examination in WileyPLUS. Results are auto- graded and sent to your instructor.

Individual May 11, 2015 11:59 PM 15

Week 5 CPA Excel Instructions:Submit the Week 1 CPA Excel assignment.

Click the Assignment Files tab to submit your assignment. SupportingMaterial:Week 5 CPA Excel

Individual May 11, 2015 11:59 PM 2

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