Southeastern University

Hahn, William

Southeastern College
Intermediate Accounting
ACTG 3123—Spring 2002
William Hahn, CPA, DBA
(Home Telephone: 863-619-2909)
Office Hours: As posted on my door
in building H-7 or by appointment
Campus Telephone: 667-5000, Extension 5141
Campus E-mail: bhahn@secollege.edu
TEXT: Dyckman, Davis, Dukes, Intermediate Accounting 5th, Boston:
Irwin/McGraw-Hill.
COLLEGE MISSION STATEMENT: Southeastern, a Christ-centered college, fosters
student success by integrating personal faith and higher learning. Within our loving
Pentecostal community, we challenge students to prepare professionally so they can
creatively serve their generation in the Spirit of Christ.
CATALOG DESCRIPTION. This course examines the accounting principles and
techniques related to short- and long-term liabilities, income taxes, owners’ equity, and
earnings per share. Course coverage also includes the statement of cash flows and
special topics in the areas of error corrections, disclosures, and interim reporting.
Credit Hours: (3)
I. PURPOSE
To provide a solid foundation in accounting theory that will prepare students for
further pursuit of an accounting major, will lay a foundation for success in taking
the CPA or CMA exam, and will advance preparation for a career in accounting.
II. OBJECTIVES OF COURSE
General Learning Objectives: Upon completion of the course, students will be
able to:
1. Account for and interpret various types of short- and long-term debt
alternatives used by firms.
2. Account for current and deferred income taxes.
3. Understand the nature of and account for various equity accounting
alternatives.
4. Be able to prepare and interpret a statement of cash flows.
5. Understand how financial disclosures and interim reporting requirements
impact a firm.
III. TOPICS TO BE COVERED
A. Liabilities
B. Owners’ Equity
C. Special Topics: Statement of Cash Flows; Accounting Changes and Error
Corrections; Disclosures, Segment Reporting, and Interim Reporting
IV. INSTRUCTIONAL PROCEDURE
A. Lecture/Discussion—Individual and Group
B. End of Chapter Assignments
C. Short Case Studies
D. In-class Group Work
V. RESPONSIILITIES OF STUDENTS
A. Reading—READ the chapters of the Intermediate Accounting text when
assigned, on time.
B. Preparation—Be prepared to discuss the material each session. Students are
expected to complete, prior to class, all assignments including readings,
problems/questions, cases, and special projects. Active participation in class
discussions is expected. Participation is an important aspect of the evaluation
process.
D. Participation—This course is intended to be interactive.
E. Attendance—Adhere to college policy. See amplification below.
F. Academic Honesty—Any instance of academic dishonesty, including
plagiarism, will be handled in accordance with the Student Handbook.
G. Specific Policies--If you cannot be present for a class, you are responsible
for
contacting either me, or a fellow student, in order to find out what was
covered in class the day you were absent.
Material not turned in when due will be accepted, but will receive a penalty of
one full letter grade reduction for each day late. Material will NOT be
accepted if it is over FIVE days late. After five days, the grade is zero.
Attendance is important. An employer will expect you to be at work every
day
and to arrive on time.
This class meets two times a week. Each absence over two will result in a
reduction of the grade for the class unless excused by the Academic Dean or
school policy. Being tardy three times will equal one absence.
For example, if you miss four classes, the penalty will be
calculated by dividing two misses by 30 classes, which calculates to 6.7%. If
you have an average of 90 for the class, that grade will be reduced to 84 as
follows (90 times .067 = 6, and therefore 90 – 6 = 84.
Failure to take a test on the assigned date will result in a ZERO for that
test
unless the absence is approved in advance by me or is an emergency that is
excused by the Academic Dean.
All other academic policies are described in the Student Handbook.
VI. EVALUATION
A. Evaluation Activities:
1. Three Tests—Each are 25% of total grade. In other words, tests are 75%
of total grade. The final exam is one of the three exams.
2. End of Chapter Assignment Preparation—20% of total grade.
3. Contribution to Classroom Discussion and Activities—5% of total grade.
B. Grading Scale:
90% - 100% A
80% - 89% B
70% - 79% C
60% - 69% D
Below 59% F
VII. STUDENTS WITH DISABILITIES
Southeastern College is committed to the provision of reasonable
accommodations for students with disabilities as defined in Section 504 of the
Rehabilitation Act of 1973. Students who think they may qualify for thses
accommodations should notify their instructor immediately. Special services are
provided through the Career and Counseling Office.
VIII. COURSE CALENDAR AND/OR OUTLINE
(Approximate material coverage and testing dates. This schedule may be
modified as the semester progresses. Note that the weeks set forth below are class
weeks and are different from calendar weeks due to holidays and other time away
from the academic calendar.)
Week 1
A. Course Introduction/Requirements
B. Discussion Topics Include:
1. Short Term Liabilities
2. Current and Contingent
C. Assignments:
1. Read Chapter 15.
2. Specific questions and problems will be assigned on a weekly
basis.
Week 2
A. Discussion Topics Include:
1. Long-term Liabilities
2. Bonds and Notes
3. Off Balance Sheet Financing
B. Assignments:
1. Reading: Chapter 16
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 3
A. Discussion Topics Include:
1. Accounting for Leases
2. Operating and Capital Leases
3. Sale-Leaseback
B. Assignments:
1. Reading: Chapter 17
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 4
A. Discussion Topics Include:
1. Pensions and Postemployment Benefits
2. Pension Terminology and Reporting
B. Assignments:
1. Reading: Chapter 18
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 5
A. Discussion Topics Include:
1. Accounting for Income Taxes
2. Current and Deferred Taxes
3. Footnote Disclosure
B. Assignments:
1. Reading: Chapter 19
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 6
A. First Examination Covering Liabilities
Week 7
A. Discussion Topics Include:
1. Corporations: Contributed Capital
2. Equity Sources
3. Stock Issuance and Reacquisition Accounting
B. Assignments:
1. Reading: Chapter 20
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 8
A. Discussion Topics Include:
1. Corporations: Retained Earnings
2. Dividends
3. Stock Dividends and Splits
B. Assignments:
1. Reading: Chapter 21
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 9
A. Discussion Topics Include:
1. Earnings Per Share
2. Simple Capital and Complex Capital Structure
3. Diluted Earnings Per Share
B. Assignments:
1. Reading: Chapter 22
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 10
A. Second Examination on Owners’ Equity
Week 11
A. Discussion Topic Include:
1. Statement of Cash Flows
2. Direct and Indirect Methods
B. Assignments:
1. Reading: Chapter 23
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 12
A. Discussion Topic Include:
1. Accounting Changes and Error Correction
2. Reporting Issues
B. Assignments:
1. Reading: Chapter 24
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 13
A. Discussion Topics Include:
1. Financial Disclosures
2. Segment Reporting
3. Interim Reporting
B. Assignments:
1. Reading: Chapter 25
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 14
A. Discussion Topics Include:
1. Financial Statement Analysis
2. A Public Company Financial Statement Will be Used
B. Assignments:
1. Reading: Use the text as a reference source
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 15
A. Discussion Topics Include:
1. Continuation of Financial Statement Analysis
B. Assignments:
1. Use the text as a reference source
 
C. Final Exam held on the 30th class day of the semester at the end of Week 15
IX. CLASS FORMAT
Information covered in each chapter will provide a framework for the next topic
of discussion. Please be aware that the pace of this course is intense and the
workload is significant.
Instructional methods will include lecture, advance preparation of assignments,
student interaction, and writing.
Each student is expected to commit to the "4 P's" of involvement in this class.
These are:
1. Preparation--class discussion will mean little if the text material is not
read and assignments are not prepared in advance.
2. Presence—your unique thoughts and insights cannot be contributed to
group discussions, nor can you fully capture the course material, if you are
not present during class time.
3. Promptness--late arrivals disrupt the class and adversely impact the
decorum of the learning process. Note: Three times being tardy will
equal one absence for evaluation purposes.
4. Participation--as part owner of the discussion, it is each student's
responsibility to share in the advancement of the group's collective skills
and knowledge by participating fully in group discussions and classroom
exercises.
Material will be covered in class that is not presented in the textbook. This
material will include information presented in lectures, additional readings, and
in-class exercises. Exams will cover this material as well as that assigned in the
textbook.
X. Final Exam
Class must be held on the day of the final exam as determined by the Academic
Dean. Please insure that your travel plans take the final exam week into
consideration.


English

Intermediate Accounting

Southeastern College
Managerial Accounting
Acct 3133--Spring 2002
William Hahn, CPA, DBA
(Home Telephone: 863-619-2909)
Office Hours: As posted by the door
in building H-7 or by appointment
Campus Telephone: 667-5000, Extension 5141
Campus E-mail: bhahn@secollege.edu
TEXT: Garrison and Noreen: Managerial Accounting 9th
COLLEGE MISSION STATEMENT: Southeastern, a Christ-centered college, fosters
student success by integrating personal faith and higher learning. Within our loving
Pentecostal community, we challenge students to prepare professionally so they can
creatively serve their generation in the Spirit of Christ.
CATALOG DESCRIPTION. This course examines cost behavior patterns, cost
accounting systems for different entities, relevant information for decision-making,
cost-volume-profit analysis, budgets, and standard costs for control and planning.
Prerequisite: BUSI 2233 Accounting II
Credit Hours: (3)
I. PURPOSE
To provide a solid foundation in management accounting theory and application
that will prepare students for further pursuit of an accounting major, will lay a
foundation for success in taking the CPA or CMA exam, and will advance
preparation for a career in accounting.
II. OBJECTIVES OF COURSE
A. General Learning Objectives: Upon completion of this course, students will
have gained an ability to:
1. Understand cost accounting terminology and apply concepts related to job-order
and process costing.
2. Apply cost-volume-profit, variable costing, profit planning, and standard cost
techniques to organizational planning and control.
3. Use cost accounting information to make capital budget and other organizational
decisions.
4. Apply cost accounting techniques to service organizations.
III. TOPICS TO BE COVERED
A. Foundation: Cost Terms, System Design, and Cost Behavior
B. Central Theme: Planning and Control Using Cost Accounting
C. Capstone: Using Cost Data in Decision Making, Including Statement of Cash
Flows, and Financial Statement Analysis
IV. INSTRUCTIONAL PROCEDURE
A. Lecture/Discussion—Individual and Group
B. End of Chapter Assignments
C. Short Case Studies
D. In-class Group Work
V. RESPONSIILITIES OF STUDENTS
A. Reading—READ the chapters of the Management Accounting text BEFORE
CLASS, as assigned.
B. Preparation—Be prepared to discuss the material each session. Students are
expected to complete, prior to class, all assignments including readings,
problems/questions, cases, and special projects. Active participation in class
discussions is expected. Participation is an important aspect of the evaluation
process.
D. Participation—This course is intended to be interactive.
E. Attendance—Adhere to college policy. See amplification below.
F. Academic Honesty—Any instance of academic dishonesty, including
plagiarism, will be handled in accordance with the Student Handbook.
G. Specific Policies--If you cannot be present for a class, you are responsible
for
contacting either me, or a fellow student, in order to find out what was
covered in class the day you were absent.
Material not turned in when due will be accepted, but will receive a penalty of
one full letter grade reduction for each day late. Material will NOT be
accepted if it is over FIVE days late. In this case, the grade of zero.
Attendance is important. In the business world, missing work or arriving to
work late are unacceptable practices. Treat this class in the same way you
would
a job. This class meets three times a week. Each absence
over three will result in a reduction of the grade for the class unless
excused by the Academic Dean or school policy. Being tardy three times will
equal one absence. For example, if you miss six classes, the penalty will be
calculated by dividing three (six minus three) misses by 42 classes, which
calculates to 7.1%. If you have an average of 90 for the class, that grade will
be
reduced to 84 as follows (90 times .071 = 6, and therefore 90 – 6 = 84.
Failure to take a test on the assigned date will result in a ZERO for that
test
unless the absence is approved in advance by me or is an emergency that is
excused by the Academic Dean.
All other academic policies are described in the Student Handbook.
VI. EVALUATION
A. Evaluation Activities:
1. Three Tests—Each are 25% of total grade. In other words, tests are 75%
of total grade. One of the tests is the final exam.
2. End of Chapter Assignment Preparation—20% of total grade.
3. Contribution to Classroom Discussion and Activities—5% of total grade.
4. Attendance Adjustment, if appropriate.
B. Grading Scale:
90% - 100% A
80% - 89% B
70% - 79% C
60% - 69% D
Below 59% F
VII. STUDENTS WITH DISABILITIES
Southeastern College is committed to the provision of reasonable
accommodations for students with disabilities as defined in Section 504 of the
Rehabilitation Act of 1973. Students who think they may qualify for these
accommodations should notify their instructor immediately. Special services are
provided through the Career and Counseling Office.
VIII. COURSE CALENDAR AND/OR OUTLINE
(Approximate material coverage and testing dates. This schedule may be
modified as the semester progresses. Note that the weeks set forth below are class
weeks and are different from calendar weeks due to holidays and other time away
from the academic calendar.)
Week 1
A. Course Introduction/Requirements
B. Discussion Topics Include:
1. Introductions and Course Expectations
2. Managerial Accounting and the Business Environment
C. Assignments:
1. Read Chapter 1.
2. Specific questions and problems will be assigned on a weekly
basis.
Week 2
A. Discussion Topics Include:
1. Cost Classifications, Product and Period Costs
2. Cost Behavior
3. Decision Usefulness
B. Assignments:
1. Reading: Chapter 2
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 3
A. Discussion Topics Include:
1. Job Order Costing in Manufacturing Companies
2. Job Order Costing in Service Companies
B. Assignments:
1. Reading: Chapter 3
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 4
A. Discussion Topics Include:
1. Process Cost Flows
2. Comparison to Job Order Costing
B. Assignments:
1. Reading: Chapter 4
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 5
A. Discussion Topics Include:
1. Cost Behavior: Variable and Fixed Costs
2. Mixed Costs Analysis Methods
3. Contribution Statement Format
B. Assignments:
1. Reading: Chapter 5
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
C. First Examination
Week 6
A. Discussion Topics Include:
1. Cost-Volume-Profit Relationships
2. Breakeven Analysis
3. Sales Mix
B. Assignments:
1. Reading: Chapter 6
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 7
A. Discussion Topics Include:
1. Variable Costing
2. Activity Based Costing
B. Assignments:
1. Reading: Chapter 7 and 8: Selected portions of these chapters will be
covered.
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 8
A. Discussion Topics Include:
1. Profit Planning
2. Budgeting
B. Assignments:
1. Reading: Chapter 9
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 9
A. Discussion Topics Include:
1. Standard Cost Methodology
2. Balanced Scorecard
B. Assignments:
1. Reading: Chapter 10
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 10
A. Discussion Topic Include:
1. Flexible Budgets
2. Overhead Analysis
B. Assignments:
1. Reading: Chapter 11
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 11
A. Discussion Topic Include:
1. Segment Reporting
2. Profitability Analysis
3. Decentralization Considerations
B. Assignments:
1. Reading: Chapter 12
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
C. Second Examination
Week 12
A. Discussion Topics Include:
1. Relevant Cash Flows
B. Assignments:
1. Reading: Chapter 13
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 13
A. Discussion Topics Include:
1. Capital Budgeting
B. Assignments:
1. Reading: Chapter 14
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
Week 14
A. Discussion Topics Include:
1. Capital Budgeting Considering Income Taxes
B. Assignments:
 1. Reading: Chapter 15
2. Preparation: Specific questions and problems will be assigned on a weekly
basis.
 
Week 15
A. Discussion Topics Include:
1. Statement of Cash Flows
2. Financial Statement Analysis
B. Assignments:
1. Reading: Chapters 17 and 18
 
C. Final Exam held on the 45th class day of the semester at the end of Week 15
IX. CLASS FORMAT
Information covered in each chapter will provide a framework for the next topic
of discussion. Please be aware that the pace of this course is intense and the
workload is significant.
Instructional methods will include lecture, advance preparation of assignments
with in-class review, student interaction, and writing.
Each student is expected to commit to the "4 P's" of involvement in this class.
These are:
1. Preparation--class discussion will mean little if the text material is not
read and assignments are not prepared in advance.
2. Presence—your unique thoughts and insights cannot be contributed to
group discussions, nor can you fully capture the course material, if you are
not present during class time.
3. Promptness--late arrivals disrupt the class and adversely impact the
decorum of the learning process. Note: Three times being tardy will
equal one absence for evaluation purposes.
4. Participation--as part owner of the discussion, it is each student's
responsibility to share in the advancement of the group's collective skills
and knowledge by participating fully in group discussions and classroom
exercises.
Material will be covered in class that is not presented in the textbook. This
material might include information presented in lectures, additional readings, and
in-class exercises. Exams will cover this material as well as material from the
textbook.
X. Final Exam
Taking a final exam is required. We must meet on the day of the exam at the time
set by the Academic Dean. Plan your schedule so that you are here during exam
week.


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