Linfield College Summer Term 2005

Online Course: BUS 365 Intermediate Accounting III 3 credit hours

Instructor: Jerry B. Purtell
5061 Liberty Rd Ste 140
Salem, OR 97306
cpaservice@yahoo.com
Voice mail:  503 463-1440

Course Description:
Continuation of BUS 364, Intermediate Accounting II.  This course covers revenue recognition, accounting for income taxes, pensions and postretirement benefits, leases, accounting changes and error analysis, statement of cash flows, and full disclosure in financial reporting.

Course Prerequisites:
BUS 364, Intermediate Accounting II

Instructional Materials:
Intermediate Accounting:  
11th edition 2004
Kieso, Weygandt and Warfield
John Wiley & Sons, Inc.
ISBN 0-471-07208-7

The textbook can be purchased at the bookstore or online at:
http://www.linfieldbookstore.com/

Course Requirements:
During the term we will cover the following chapters of the textbook:

Chapter 18:     Revenue Recognition

Chapter 19:     Accounting for Income Taxes

Chapter 20:     Accounting for Pensions and Postretirement Benefits

Chapter 21:     Accounting for Leases

Chapter 22:     Accounting for Changes and Error Analysis

Chapter 23:     Statement of Cash Flows

Chapter 24:     Full Disclosure in Financial Reporting

 

For each chapter we cover students will be required to:
1. Read and understand the materials in the textbook.
2. Prepare solutions (in MS Excel) to selected problems from the textbook and send to me via the Homework In-Box tool.
3. Take an online quiz (multiple choice).
4. Participate in class discussions
In addition, students will take (online) a midterm and a final exam.

 

Major Assignments Points:
Chapter quizzes                                 70
Class discussions                                70
Problems from the text                           140
Midterm (Chapters 18-20)                          90
Final exam (Chapters 21-24)                        120

Total                                         490                
Week 1 exercises
During the first week of the term I will assign 4 simple exercises (not graded).  These exercises are designed to help you learn how to use some of the tools within WebCT.  The exercises include:

   1.  Student Introduction (using the Discussion Board)                          
   2.  Message to the instructor (using Private Mail)                           
   3.  Week 1 Quiz (using the online quiz tool)                                  
   4.  Practice assignment (using the Homework In-Box)   

                    

Chapter quizzes:  There are 7 online quizzes (1 for each chapter).  Each quiz contains 10 multiple choice questions worth 1 point each.  You will have 45 minutes to complete each quiz.  Some of the questions are taken from the optional non-graded self-quiz; others are new questions.


Problems from the text:  For each chapter I will assign problems from the text.  Each chapter's assignments are worth 20 points.  Your solutions are to be prepared in MS Excel and submitted to me via the Homework In-Box.  Here’s how I grade each assignment:

   1. Problem submitted and complete       = full credit

   2. Problem submitted but Not complete = 1/2 credit

   3. Problem Not submitted              = NO credit

Thus, the key is to complete the problem (even if it is not perfect) and submit it on time. Don’t stress on whether or not you have the exact right answer.  I do not correct the homework. However, I will post the authors' master solution the following week so that you can compare your solution to theirs.  Then use your corrected solution when studying for the midterm and final exams.  NOTE: Assignments not submitted by the posted due date will NOT be accepted for credit.


Class Discussion: There will be discussion questions posted for each chapter. Usually these questions will present a dilemma or ask what would you do, so there are no right or wrong answers. Respond too as many or as few as you like. However, each class member is expected to respond directly to a minimum of one discussion question and one other student’s response.  Keep your responses brief, one or two paragraphs max! This is your discussion. I will only give my input if I believe someone has gone seriously astray or after all discussion is posted. Discussion for each chapter is worth 10 points. Normally, if you participate you will get full credit. However, I expect more than "I agree with Sam" or "Great point Suzy". Also, I expect reasonable grammar and spelling. If you have a problem with spelling-USE A SPELLCHECKER! I will mark down for poor grammar or spelling!

 

Midterm and final exam: These exams (taken online) will contain 30 and 40 multiple-choice questions respectively.  Some of the exam questions are taken from the chapter quizzes; others are new questions.  You will have 3 hours to complete the exams.  Chapters covered are:

         Midterm    chapters 18-20
         Final         chapters 21-24



Schedule: See the Course Calendar.
The Mid-Term will be available from Wednesday 7/6 until Monday 7/11 at midnight.

The Final Exam will be available from Tuesday 8/9 until Monday 8/15 at midnight.

Grading Criteria:
Grades are awarded based on the total number of points earned by completing the major assignments.

90%-100%                  A

80%-89.9%                 B

70%-79.9%                 C

60%-69.9%                 D

Less than 60%              F

Special cases              I (Incomplete)

 

(A grade of I may be given when the quality of work has been satisfactory but some MINOR BUT ESSENTIAL requirement of the course has not been completed.  If the work is not completed within a year, the grade will change to F).

I grade this way so as to make the course non-competitive and to encourage collaboration, as much as that is possible in an online course. I especially encourage students to contact each other to share ideas from the textbook, to prepare for exams and quizzes and to work out solutions to the exercises and problems.  You are not competing against your classmates, only yourself.

Miscellaneous:
Students who have not communicated with me via email, voice mail or in person by the end of the second week of the term will be automatically dropped from the class.

Accommodation

If you have a disability and need an accommodation, please contact me via Private Mail. Students requesting accommodations must provide documentation of disability and should work through their advisor or The Director Of Learning Support Services at Linfield.