ACCT 330 Lecture Notes - Balance Sheet, Moodle, Test Anxiety
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SYLLABUS
COASTAL CAROLINA UNIVERSITY
ACCT 331 Intermediate Accounting II
Spring 2016
Syllabus is tentative and subject to change
Course Information:
Time TH 4:30-5:45
Location 211 Wall
Credit Hours 3 semester hours
Prerequisite Grade of “C” or better in ACCT 330 Intermediate Accounting I
Catalog Description: Accounting recognition of depreciable assets, intangible assets,
investments, current liabilities, long-term liabilities. Stockholders equity
topics and accounting theory underlying revenue recognition.
Course Overview: This course is a continuation of ACCT 330 (Intermediate Accounting I) in
which the focus is on financial accounting. Students will gain an
understanding of the following elements of the balance sheet: property,
plant and equipment; natural resources; intangible assets; current and
noncurrent liabilities; stockholders’ equity; and dilutive securities and their
effect on earnings per share.
Instructor: Dr. Phillip Kamau Njoroge
Wall School of Business, Office 201 E
Phone (843) 349-6443
Email: pnjoroge@coastal.edu
I will respond, generally, within one (1) working day. That is, if
student email is received on Friday afternoon at 4 PM, I will answer by 4
PM on Monday afternoon.
Office Hours: TH 11:15am – 12:15pm; 3:00pm – 4:30pm; 5:45-6:00pm
W 1:00pm – 2:00pm
Other times available by appointment
Accounting Dept. Dr. Gregory Krippel, Chair, krippel@coastal.edu
Ms. Bobbi Yurkin, Administrative Specialist, bkyurkin@coastal.edu
Textbook (required): Intermediate Accounting with Wiley Plus, 18th Edition, Published by Wiley
(Supplemental materials are located within WileyPlus)
Other Materials: Please bring your textbook, paper, pencil and a simple, four-function,
nonprogrammable calculator to each class meeting. Cell phone
calculators may NOT be used.
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Course Objectives: Students who have successfully completed ACCT 331 should be able to:
1. Identify the costs to include in initial valuation of non-current assets:
property-plant-equipment, natural resources, and intangible assets.
2. Describe accounting issues related to the valuation of non-current
assets and make journal entries for the acquisition of, exchange of, and
disposal of non-current assets.
3. Explain the concept of depreciation, identify the factors involved in
the depreciation process, and make depreciation calculations under a
variety of allocation methods.
4. Explain the accounting procedures and related calculations for
depletion of natural resources, limited-life intangibles, and impairment
of indefinite-life intangibles.
5. Describe the recognition, measurement, and valuation of Goodwill as
reported in the Balance sheet.
6. Identify the criteria to account for and disclose both loss and gain
contingencies.
7. Describe the issues surrounding debt vs. equity capital as a source of
financing.
8. Apply both the straight-line and effective-interest methods of bond
discount and premium amortization.
9. Identify and record the key components of stockholders’ equity.
10. Explain the accounting treatment for treasury stock, cash dividends,
small and large stock dividends, and stock splits.
11. Describe the accounting for the issuance, conversion, and retirement of
convertible securities.
12. Compute both basic and diluted earnings per share.
Grading: 1st Exam (Chapters 10 and 11) 100 pts.
2nd Exam (Chapters 12, 13, and 14) 100 pts.
3rd Exam (Chapters 15 and 16) 100 pts.
Final Exam (Chapters 10-16) 100 pts.
WileyPlus Homework 100 pts.
Gleim MC Quizzes (6 @ 15 pts.) 90 pts.
Total Points 590 pts.
Final Grade Criteria: 90% or more of the possible points = A
87-89% of the possible points = B+
80-86% of the possible points = B
77-79% of the possible points = C+
70-76% of the possible points = C
67-69% of the possible points = D+
60-66% of the possible points = D
Below 60% of the possible points = F
(Please Note: You need to earn a “C” or better in ACCT 331 to enroll
in ACCT 332 –Intermediate Accounting III)
Document Summary
Grade of c or better in acct 330 intermediate accounting i recognition of depreciable assets, Accounting intangible assets, investments, current liabilities, long-term liabilities. Stockholders equity topics and accounting theory underlying revenue recognition. This course is a continuation of acct 330 (intermediate accounting i) in which the focus is on financial accounting. Students will gain an understanding of the following elements of the balance sheet: property, plant and equipment; natural resources; intangible assets; current and noncurrent liabilities; stockholders" equity; and dilutive securities and their effect on earnings per share. I will respond, generally, within one (1) working day. That is, if student email is received on friday afternoon at 4 pm, i will answer by 4. Th 11:15am 12:15pm; 3:00pm 4:30pm; 5:45-6:00pm. Intermediate accounting with wiley plus, 18th edition, published by wiley (supplemental materials are located within wileyplus) Please bring your textbook, paper, pencil and a simple, four-function, nonprogrammable calculator to each class meeting.
