AN AL YT IC AL I NSI GH T, GL O BAL L E AD ER S

MGMT 35000 Intermediate Accounting I Spring 2014

Class Hours: Professor: Telephone: Office Hours: Mon/Wed 1:30-2:45 Michael Fu 49-67489 Monday, 10:00-11:30am Wednesday, 10:00-11:30am Classroom: Office: E-mail: Course Website: KRAN G020 KRAN 364 fu106@purdue.edu Katalyst

Course Objective
Intermediate Accounting I is the first course in the financial accounting sequence. Together with Intermediate Accounting II, this course provides the core of financial reporting knowledge that you will use throughout your academic and professional accounting careers. In this course, we will review the accounting cycle and the four primary financial statements. We will further examine revenue recognition and asset valuation/allocation in depth.

Textbook
Intermediate Accounting 19th Edition, by Stice & Stice. CENGAGE Learning, OH, USA. ISBN-13: 978-1-285-88517-1 ISBN-10: 1-285-88517-1 The link for the purchase of course material at special discount price:
http://www.cengagebrain.com/micro/1-1BNZ8QN

Class Structure
Classes will be conducted in the form of lecture and tutorial. During lecture, we will review the primary issues discussed in each chapter. During tutorials, we will go through some of the exercises and problems at the end of each chapter.

Grading
Grades will be based on your performance on attendance, quizzes and exams which are described in greater detail in the following sections. These items will be weighted as follows: Attendance Quiz 1 Mid-term Exam Quiz 2 Final Exam Total 10% 10% 30% 10% 40% 100%

Intermediate Accounting I
Attendance

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Class attendance is strongly encouraged, and 10% of your grade will be based on attendance. Please prepare a name board and bring it with you.

Quiz
Two close-book quizzes will be conducted during the semester. The first quiz covers chapter 1 and 2 and the second quiz covers chapter 7 and 8.

Mid-term Exam
The mid-term exam is close-book and covers the first 5 chapters. It consists of certain number of multiple choice questions. A simple calculator is allowed (but nothing that you can enter text into). You may not use your cell phone as a calculator.

Final Exam
The final exam is close-book and covers all 11 chapters of this course. The examination date will be given by the university. The final exam is comprehensive. It will be in the form of multiple choice questions. A simple calculator is allowed (but nothing that you can enter text into). You may not use your cell phone as a calculator.

Academic Integrity
Cheating will not be tolerated. As indicated previously, you may work on homework with other students. Exams, of course, are an individual endeavor. Any student caught cheating on an exam will receive a failing grade for the course. Sharing information with others about material on exams or communicating with others during an exam is considered cheating. In accordance with University policy, all instances of academic dishonesty will be reported to the Office of the Dean of Students and may subject to University discipline. Please take the time to review information on the Universitys academic integrity policy at http://www.purdue.edu/odos/osrr/academicintegritybrochure.php .

Intermediate Accounting I
Class Schedule
Date Jan 13 Mon Jan 15 Wed Jan 20 Mon Jan 22 Wed Jan 27 Mon Jan 29 Wed Feb 3 Mon Feb 5 Wed Feb 10 Mon Feb 12 Wed Balance Sheet Feb 17 Mon Feb 19 Wed Income Statement Feb 24 Mon Feb 26 Wed Mar 3 Mon Mar 5 Wed Mar 10 Mon Mar 12 Wed Mar 17-22 Mar 24 Mon Mar 26 Wed Mar 31 Mon Apr 2 Wed Apr 7 Mon Apr 9 Wed Apr 14 Mon Apr 16 Wed Revenue Recognition Cash and Accounting Receivables Quiz 2 Discussion about the solution Inventory and COGS Chapter 7-8 Statement of Cash Flow Mid-term exam Discussion about the solution Time Value of Money Chapter 1-5 Chapter 5 Chapter 4 Chapter 3 Conceptual Framework of Accounting Accounting Cycle Review Quiz 1 Discussion about the solution Chapter 1- 2 Topic Introduction and Accounting Standards Reading Chapter 1

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Lecture/Tutorial Lecture Tutorial

Tutorial Questions Q4, Q5, E1-1, E1-6, C1-11, C1-12, C1-15, C1-22, C125

Martin Luther King birthday (No Classes) Lecture Chapter 1 Tutorial Chapter 2 Lecture Tutorial Exam N/A Tutorial Lecture Tutorial Lecture Tutorial Lecture Tutorial Exam N/A Tutorial Course material Lecture Spring vacation (No Classes) Lecture Chapter 8 Tutorial Lecture Chapter 7 Tutorial Exam N/A Tutorial Chapter 9 Lecture Tutorial Exercise (9-46, 9-50, 9-58, 9-59, 9-63, 9-65), Problem (9-66, 9-68, 9-82) Exercise (8-25, 8-26, 8-29, 8-31), Problem (8-34, 8-35, 8-41, 8-42) Problem (7-50, 7-53, 7-55, 7-60, 7-62, 7-63) Self-practice questions Q21, Practice (3-1, 3-6, 37, 3-11, 3-12), Exercise (336), Problem (3-40, 3-45, 3-48), Case 3-58. Practice (4-1), Exercises (4-38; 4-40), Problems (451) Exercise (5-36; 5-37; 538), Problem (5-48; 5-49; 5-55) Q21, Q29, E1-4, E1-7, E19, C1-18,C1-19,C1-24 Q1, Q13, Practice (2-3, 27, 2-10,2-15, 2-18), Problem (2-39, 2-43)

Intermediate Accounting I
Apr 21 Mon Apr 23 Wed Apr 28 Mon Apr 30 Wed May 5 Mon May 7 Wed May 12-16 Mon-Fri Sample final exam Chapter 1-11 Utilization and Retirement Chapter 11 Acquisition Chapter 10

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Lecture Tutorial Lecture Tutorial Catch-up and review Tutorial Final Exam TBD

Spring 2014
Exercise (10-31, 10-33, 1040), Problem (10-45, 1051,10-64) Exercise (11-27, 11-28, 1131, 11-33, 11-36, 11-42,1145), Problem (11-63,11-70)

N/A

Note: This schedule is subject to change. Any changes will be communicated in class and posted on Katalyst.