M A S T E R S Y L L A B U S
COURSE TITLE AND NUMBER: Intermediate Accounting I - BUS 208
DEPARTMENT: Accounting/MIS
CREDIT HOURS: 3
PREREQUISITES: BUS 207
FEES AND CHARGES: none
EFFECTIVE CATALOG DATE FOR THIS MASTER SYLLABUS: 2006-2007
1. Catalog Description:
A detailed analysis of financial reporting under generally accepted accounting principles. Emphasis is placed on the accounting treatment and disclosures required for balance sheet items (assets, liabilities and owner=s equity).
2. Course Content:
1. Liabilities – Current and Contingent
2. Corporations‑‑Formation and Contributed Capital
3. Corporations‑‑Retained Earnings and Stock Rights and Options
4. Long‑Term Investments in Equity Securities
5. Accounting for Long‑Term Debt Securities and Extinguishment of Debt
6. Accounting for Pensions by Employers
7. Accounting for Leases
8. Accounting Changes and Error Corrections
9. Analysis of Financial Statements
10. Income Recognition and Earnings per Share
11. Statements of Cash Flows
3. Student Learning Objectives:
1. To recall and gain a better understanding of the basic principles and procedures of accounting learned in the introductory courses.
2. To gain an understanding of all asset, liability and capital accounts with specific emphasis on how they are:
a. recorded
b. valued
c. reported
3. To gain a better understanding of the nature and use of the various financial statements and how they should be analyzed.
4. To gain preparation for professional certification exams (e.g. CPA exam).
4. Student Assessment Criteria:
The following is a list of the items that will be considered in determining the student's grade and their approximate percentage:
Four (4) exams 85
Homework, quizzes, participation, etc. 5
Financial Analysis of Company 10
Total 100%
5. Additional Information:
RESOURCE MATERIALS:
1. Intermediate Accounting by Spiceland, Sepe and Tomassini, 4th edition, McGraw-Hill/Irwin. (Required)
2. Study Guide for above text. (Optional)