51a.fall.2004W8BNMSWDq qmBINࡱ> ikh@ 9jbjbqq v1?lPPP88 :J: <  ,j# % P "  w Ew w w  :8P w d@@ w w ;8P<g^r= :m" " &w &w De Anza College Business-CS Division, Accounting Dept. Christopher Kwak, CPA, Professor of Accountancy Fall 2004 Course Syllabus for Accounting 51A- Intermediate Accounting  Note: Direct phone number with voice mail on campus (office is located at Forum #9): 408.864.5727 Course Instructional Web site:  HYPERLINK "http://ckwak.pageout.net/" http://ckwak.pageout.net Campus Email:  HYPERLINK mailto:kwak@fhda.edu KwakChris@fhda.edu Instructors course Homepage:  HYPERLINK "http://faculty.deanza.edu/kwakchris" http://faculty.deanza.edu/kwakchris Course Materials: Spiceland, Sepe, Tomassini, Intermediate Accounting, Third Edition, 2004, Irwin/McGraw-Hill. In addition to the text, a few short articles will be assigned for in-class discussion. These articles are either linked throughout this syllabus or will be distributed in class. Access to Internet in order for up-to-date course learning materials and learning activities Other supplemental materials with the textbook, Study Guide or Net Tutor can be helpful depending on individual learning style or preference (Optional). Required Reading: Wall Street Journal Tell me, Ill forget Show me, I may remember Involve me, Ill understand -Confucius Philosophy of Learning & Course Expectations: In a learning environment, everyone becomes a teacher and everyone becomes a student. Learning is your personal responsibility. The instructor is a mentor, facilitator, and coach in your active and unique learning process. Class sessions will be informal and class participation is strongly encouraged. Questions pertaining to the course or relating to the accounting/finance/business field are also welcome throughout the semester. Class lectures will be focused on helping students understand the WHYs (the concept behind the mechanics) rather than the mere mechanics of the subject matter. Please do not use memorization as a substitute for understanding. After observing students for many years and drawing from my own experiences as a student, I believe that students learn best by actively questioning and explaining. In this course, I encourage you to join in class discussions and bring questions to class. This means that in order to receive the maximum benefits out of classroom time, you will need to read the assigned topics and attempt the homework before coming to class. It is obvious that you will both need and be expected to attend all class meetings. You also must be prepared to take part in class discussions. This does not mean that you should have all topics mastered and learned; otherwise there would be no reason for class. It does mean that you should not be hearing about the topic for the first time in class. Again, class attendance is essential since in-class case discussions and group interactions will enhance concepts presented in the course. You will become successful by helping others become successful. One of most effective ways of learning any subject matter is to teach it to someone else. By actively engaging in-group learning, you will be practicing the attributes of questioning, organizing, and connecting knowledge. Also, you will be learning to learn and to teach others, and you will be developing interpersonal skills you will need for successful careers in accounting or any other business field. Learning is a collaborative process between all the members of the class. I hope we can help each other to create a supportive learning environment throughout the term. Purpose of Course: Upon completion of Intermediate Accounting 51 A, students should better understand both a basic theory of accounting and the financial reporting process. The course provides a detailed exposure to several financial reporting topics including: asset measurement and valuation, revenue recognition and measurement, cash flows, financial statement presentation and footnote disclosure, and accounting errors and changes (51B). Witnessing recent corporate malfeasances and financial reporting obfuscation events in our nation lately, we all know now that accounting is too important to managers, organizations, and societies to be left to accountants alone. Accounting information is often a basis for decisions. Accounting reports are often the basis on which the effectiveness of stewardship decisions, and actions are evaluated. Assessment of Student Achievement: There will be two midterm exams, a comprehensive final exam and five short quizzes. The lowest score of the five quizzes will be automatically dropped. Grades for the course will be determined by applying the following weights to the exams, quizzes, case discussions and class participation. Quizzes 4 @ 5% each 20% Midterm Exams 2 @ 20% each 40% Final Exam 40% Extra Credit Available: Case Discussions and Presentations- up to 20%, equal to the weight of one of midterms. To maximize your potential for a good grade, I recommend that you keep up with the reading and the homework, come to class, participate in the class discussions and ask questions when you dont understand. High points for class participation points will be awarded to students whose participation reflects that they completed the assigned reading and homework prior to class. Keep in mind that quality of participation is more important than mere quantity. Student Responsibilities: Attendance is required: Regular attendance is an obligation assumed by every student at the time of registration. Late entry or early exits from class are disruptive to the class. Excessive absences will result in your being dropped from class or your grade being lowered since a significant portion of your grade is based on in-class participation and group activities. If you are absent, it is YOUR responsibility to find out what you missed and obtain any necessary handouts. You are strongly advised to call a classmate and obtain any class notes and missed information. Withdrawing from the course is your responsibility. If the appropriate forms are not completed and filed with the Office of Admissions and Records by YOU, you will receive a failing grade for the course. Bring a working calculator, books and course materials to each class meeting. (A three-ring binder to organize all coursework and materials is strongly recommended) Preparation of all assignments is essential to the understanding of the course materials. No make-up Exams/Quizzes. Quizzes may be unannounced. It is your responsibility to keep track of your grades this semester. Keep a log of all graded assignments on a separate piece of paper. Statement on Academic Integrity: It goes without saying that academic integrity is expected from each student. As such, if there is a reasonable basis for concluding that a violation of academic integrity has taken place, all suspected parties would be awarded a course grade of F, with a letter to the Dean explaining why this grade was awarded. It will be up to the students involved to convince the instructor that the violation did not take place. (Refer to DeAnza College catalog and class schedule.) Standards of Classroom Conduct: There will be many opportunities for voicing opinions during class discussions and group activities throughout the course. It is expected that there be mutual respect between students in the classroom. No comments, which are discriminatory or display insensitivity towards differences based on race, ethnic origin, age, gender, religion, physical disability and sexual orientation will be tolerated. Also, there is no tolerance for any other behavior, which is disruptive to the learning environment in the classroom. Any student disruptive to class will be asked to leave. De Anza College will enforce all procedures set forth in the nondiscrimination policy in compliance with the Civil Rights Act, and the appropriate remedial and / or disciplinary steps will be taken when violations occur. (Refer to DeAnza College catalog and class schedule.) Keys To Success: Commitment: Accounting is not hard, but its hard work. To do well, you should understand that this course requires a serious time commitment. Preparation: To perform adequately in this course, you must have a thorough understanding of the text and the homework materials assigned. It is imperative you read the assigned case and chapter before you come to class. Expect the reading of each Chapter to take at least 2-3 hours to complete. Homework: The homework should be completed to the best of your ability and brought to class on the date assigned. On occasion there may be difficult problems that you cannot complete before you class. However, you should still make a legitimate attempt. Allocate another three to four hours to complete each Chapters homework including the supplemental assignments handouts prepared by instructor. Exams will be based on the textbook, lectures, and homework assigned. Complete the homework not just for the calculations but for understanding the underlying concepts and principles it is conveying. Understanding and interpreting the use of accounting information is just as important as the calculation of a number. You will be tested on how well you interpret accounting information, not just on whether you can arrive at the correct calculation of a number. Team Project: The project will require planning, cooperation and application of analytical techniques. There are multiple components requiring data collection, financial analysis and report preparation. The Project may require a significant amount of work but synthesizes concepts developed throughout the course. Each project component must be completed and handed-in on the assigned date. Tentative Course Calendar with Assignment Schedule: (Depending on student learning progress, the schedule might be changed or adjusted to maximize the benefits of student learning.) WEEK NO. READING ASSIGNMENTS IN TEXT HOMEWORK ASSIGNMENTS 1  Introduction and Review Web site materials Chapter 1- Environmental and Theoretical Structure- emphasis on Part B  E1-8, E1-11, C1-12 2  Chapter 2 Quick Review of the Accounting Process Chapter 3- The Balance Sheet and Financial Disclosures E2-8, P2-3, P2-9 P3-4, C3-4, C3-5, C3-8 (Research Case-Edgar scan) 3  Chapter 4 The I/S and Statement of C/F Chapter 5 Income Measurement and Profitability Analysis  E4-4, E4-8, E4-15, P4-2, C4-4, C4-8, C4-11 4  Continue on Chapter 5 Midterm Exam #1 (Chapters 1-5) E5-1, E5-7, E5-8, E5-9, P5-4 5  Chapter 7 Cash and Receivables E7-1, E7-20, P7-1, C7-6,C7-7 6 Chapter 8- Inventories- Measurement- Part A Only E8-4, E8-10, E8-11, E8-12, E8-17, C8-12  7  Chapter 9- Inventories-Additional Issues Part A and B to page 423. Midterm Exam #2 (Chapters 7-9)  E9-1, E9-3, E9-21, C9-7 8  Chapter 10 Operational Assets-Acquisition & Disposition  E10-1, E10-3, E10-8, P10-6, C10-6, C10-14 9  Chapter 11 Operational Assets-Utilization & Impairment  E11-1, E11-3, E11-8, E11-13, E11-16, E11-18, E11-20 10  Chapter 12 - Investments  P12-5, P12-6 11  Continue on Chapter 12 Review for Final Exam  Study for Final  12  Finals Week 5 days after the final exam, you could send an email request for course grade. About the Instructor, Christopher Kwak, CPA: Licensed CPA in the state of California with over 17 years of industry experience in major firms such as Hewlett Packard (HP), PriceWaterhouseCoopers, and Chevron USA, specializing in cost management, financial reporting, mergers & acquisitions, and forensic accounting. Chris Kwak has held many positions at HP including Senior Corporate Internal Auditor, Senior Financial Analyst, and Business Control Manager (Division Controller level). He also worked as a Senior Associate and a manager at PriceWaterhouseCoopers (formerly Coopers & Lybrand), one of the Big Four (Final Four for now) international accounting/consulting firms, specializing in Mergers & Acquisitions, Financial Reporting, Business Litigation and Investigation services, and Start-up and Emerging business advisory services. Current academic postings & professional affiliations: Full-time faculty member at De Anza College Business-CS Division. Adjunct Professor of Accountancy at S.F. Golden Gate University. Adjunct Professor of Accountancy at Saint Marys College of California. A member of American Institute of Certified Public Accountants and California Society of Certified Public Accountants. Chris Kwak wants to be a partner in your learning process to encourage you to be a passionate, life-long learner.  AUTHOR Christopher Kwak Page  PAGE 1  DATE 9/18/04 NOTE: This Syllabus represents a contractual agreement. You are responsible for reading this entire Syllabus and abiding by all provisions identified below. Your registration in this course signifies acceptance of all requirements terms and conditions. 7r56]^_wxy4568HLhU e f | Ʒ|5CJ OJQJ >*OJQJ 5>*CJ>*CJ 5>*CJ0J5j`5U5 j5U 5OJQJ0JCJjCJU jCJU 0J5CJj5CJUj5CJUCJ5CJ jUmH>*CJ5CJ/7hr$a$$a$%$d #%d *&d 'd #@&N #O *P Q #&$$d #%d *&d 'd #N #O *P Q #a$($$d #%d *&d 'd #@&N #O *P Q #a$ 7hryz678KL] S U { | Iļ}zwtq}~H   b   s t 45,yz678KL] S U { |  @@&^ & F@& & F !&$$d '%d )&d &'d (N 'O )P &Q (a$#$d '%d )&d &'d (N 'O )P &Q ( I|}$a$ @*$$d%d&d'dNOPQa$ @ @ 17HI578w!!!!M%N%^%b%m%%%%%&&'''&'$(@(((w))))**,?,,,,,,,,,,,,-5CJ 5>*CJCJ>*CJ5CJ>*CJ 5>*CJCJ5CJOJQJ CJ OJQJQ|}78^_ywDJ!!!!M%N%O%a%b%ý|yvspmjg0BCDG  ~      M      vw23YZ}~'78^_ywDJ!! & Fh^h!!!M%N%O%a%b%%'(*,, ,=,?,,,,, d7$If)$1$^a$ ;0hp@ P !$`'0*-$ & Fa$b%%'(*,, ,=,?,,,,,,,,,,,------3-z-{-|----þ|wpkfa]X  {|                          ;  <  A  G  HIJ     u     /  ,,,,,,,---d4T$$Ifa$ pU$$IfF84!8     4 a Z$If p $If p$If d7$IfZ$If p $If p ----3-z-{-|---T W$$IfF84!8     4 ah$If^h` 0hp $If^$If 0hp $If p$$Ifa$ p -3-<-g-y-z-222256K777777777777777777777889hmHh jUh5CJCJ>*CJ 5>*CJ5>*6CJ 56CJ 56>*CJ#-------.. .R.S.T.V.z\q $$Ifa$U$$IfF84!8     4 a$If 0hp$$Ifa$ p $If p ------.. .R.S.T.V.W.X.Y.........../%/&/C/D/E/G/H/I/Ŀzuplgb]X                          !"  M  N                      4  g  h  i  j  s"V.W.X.Y..........hv $$Ifa$W$$If9F84!8     4 a$If$If 0hp$$Ifa$ p ../%/&/C/D/E/G/H/I/~na[$If $If p$$Ifa$ p $$Ifa$U$$IfF84!8     4 a$If 0hp$If 0p I/j/k////////////////000I0J0i0j0k0l000000000Ŀzvqlgb]X  9  s  t  u  ~                              C  D  E  v  w  x            "I/j/k////////////~~q $If pY$If`Y pW$$IfF84!8     4 a$If$If 0hp /////000I0HwgMh$If^h` 0hp$$Ifa$ p$If` p $If pW$$IfmF84!8     4 a$If 0hpI0J0i0j0k0l00000000{nnn $If pW$$If\F84!8     4 a$If 0hph$If^h` 0hp 000001111K1L1M11{ nnn $If pW$$IfeF84!8     4 a$If 0hph$If^h` 0hp 00001111K1L1M111111111111111111112222 2{vqlgc^Y              %  <  =  >  G  NO  \  ]  ^  w  x  y                       7  8"1111111111$If $If pU$$IfF84!8     4 a 111111111122L$If 0hp$If $If pW$$IfF84!8     4 a 222 2!2"2/2~2$If $If pW$$IfnF84!8     4 a 2!2"2/2~2222222556I666K7L7M77777777777889L7        <=Z[         ~2222222556I666K7L7M7777 & F$a$W$$If F84!8     4 a77788889/ =!"#$%DyK yK 4http://ckwak.pageout.net/DyK kwak@fhda.eduyK *mailto:kwak@fhda.eduDyK $http://faculty.deanza.edu/kwakchrisyK Hhttp://faculty.deanza.edu/kwakchris i$@$ NormalmH 6@6 Heading 2$$@&a$CJ<@< Heading 3$$@&a$ 5>*CJ ZZ Heading 5*$$$d!%d!&d!'d!-D@&a$ CJOJQJ<@< Heading 6$@&>*CJOJQJZ@Z Heading 7&$$$d 2%d !&d $'d #@&a$5CJOJQJ>@> Heading 8$@&5>*CJOJQJ<A@< Default Paragraph Font,>@, Title$a$5CJ(U@( Hyperlink>*B*LB@L Body Text $$d%d&d'da$5CJ:P@": Body Text 2$a$ 5B*CJ8V@18 FollowedHyperlink>*B* .Q@B. Body Text 3CJNC@RN Body Text Indent ^56CJOJQJTRbT Body Text Indent 20^`0 CJOJQJ,@r, Header  !, @, Footer  !8Y8 Document Map-D OJQJDOD Quick 1. `1$^`CJOJQJhmH 33v z z z z z zOD),3>>>A -9#* !,--V..I//I00112~279!"%&()+-.01235679:b%-I/0 29 $',/485^w43XXX !(*,3;A4!448@(  b  C " B S  ?3H(#t _Hlt67381739 _Hlt67381781 _Hlt67381779 _Hlt67381698 _Hlt67381689 _Hlt67381691 _Hlt67381706gnoqrs)3hoprst*3111111223111111223Staff / Faculty\C:\WINNT\Profiles\kwakc\Application Data\Microsoft\Word\AutoRecovery save of 51a.spring.2004Staff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.docStaff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.docStaff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.docStaff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.docStaff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.docStaff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.docStaff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.docStaff / Faculty3C:\WINNT\Profiles\kwakc\Desktop\51a.spring.2004.doc Faculty StaffCMacintosh HD:Users:chris:Documents:De Anza:Interm-51a:51a.fall.2004{ 'h.ZBdE rJ (L v$R =P\ W%#b~4F\/Jl-!>n /q<x |=} * hh^h`OJQJo(^`o(.^`.pLp^p`L.@ @ ^@ `.^`.L^`L.^`.^`.PLP^P`L. hh^h`OJQJo( hh^h`OJQJo(hh^h`. hh^h`OJQJo( hh^h`OJQJo(h^`.h^`.hpLp^p`L.h@ @ ^@ `.h^`.hL^`L.h^`.h^`.hPLP^P`L.h ^`OJQJo(h ^`OJQJo(oh pp^p`OJ QJ o(h @ @ ^@ `OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh PP^P`OJ QJ o( hh^h`OJQJo(hhh^h`.h88^8`.hL^`L.h  ^ `.h  ^ `.hxLx^x`L.hHH^H`.h^`.hL^`L. hh^h`OJQJo( hh^h`OJQJo(203rJ|=}'h.(L{xv$RdE!>n=P\W%#b/q\/Jl2 @hh^h`CJ$OJQJo(H3 @h ^`OJQJo(&&&&'''{''''(R(S(X(((((%)C)D)H)j)))))))*j*******+L+++++++++,,!,/,~,,1113@@@E3P @ GTimes New Roman5Symbol3 ArialO"Antique OliveArial]FViner Hand ITCCourier New3Times5 TahomaO0Courier 10cpiArial? Courier New;Wingdings"1hƳư 2)W!0da2&~2De Anza CollegeChristopher Kwak Faculty Staff Oh+'0  4 @ L Xdlt|'De Anza Collegee AChristopher KwakrdhriNormalpFaculty Staffak4cuMicrosoft Word 10.1@e@h|*ɝ@"ɝ@:ƕɝ2) ՜.+,D՜.+,H hp  'De Anza CollegeWa2 De Anza College Title 8@ _PID_HLINKS'AH<U$http://faculty.deanza.edu/kwakchris1mailto:kwak@fhda.eduB8http://ckwak.pageout.net/  !"#$%&'()*+,-./0123456789:;=>?@ABCEFGHIJKLMNOPQRSTUVWYZ[\]^_abcdefgjRoot Entry FClData <1TableD &WordDocumentvSummaryInformation(XDocumentSummaryInformation8`CompObjX FMicrosoft Word DocumentNB6WWord.Document.8,