Return to flip book view

A311S U M M E R 2 0 2 4Intermediate Accounting I

C O N T E N T S9Note to Students Planning to Take theCPA Exam10Student Honor Code11Policies Unauthorized Use, Sale or Distributionof Course Material and Content12Biased Based Incident Reporting13PoliciesAccommodations for ReligiousObservancesAES14PoliciesSexual Misconduct and Title IXMental Health15Tentative Course Schedule17Appendix AUndergraduate Program Learning Goals3Instructor and Section InformationInstructor InformationSection Information4Course Objectives and Learning OutcomesDescriptionLearning Outcomes  5Course InformationRequired MaterialsCourse PrerequisitesCourse CommunicationCourse Website 6 Course RequirementsClass Structure How to Succeed in Class7 Grading Scale8Course RequirementsExamsHomeworkParticipation9Course RequirementsExamsStudent Participation

SectionNumberMeeting Day andTimeMeeting TimeMeetingLocation13969Monday-Thursday11:00-12:50 pmZoom (SeeCanvasAnnouncements)Course Objectives and Learning OutcomesInstructor: Angela AndrewsEmail: abandrew@iu.eduPhone: (812) 855-1894Office: HH 5110 Instructor InformationOffice Hours By appointment Section InformationInstructor and Section InformationA 3 1 1 |  3

A311 is the first course in a two-semester intermediate accounting sequence. A312has this class as a prerequisite. Taken as a whole, they represent the core financialaccounting subject matter of the undergraduate accounting curriculum. We havedesigned A311 to advance the basic understanding of financial statements andaccounts you established through the A201 (i.e., Introduction to Financial Accounting)or A304 (i.e., Financial Reporting and Analysis), or the Honors version coursework.The content of this class focuses on the importance of firms’ economic transactionsand business activities and how financial reporting is used to measure andcommunicate the results of such activities to primarily external parties. In A311, wefocus on the identification, measurement, and reporting of the asset side of thebalance sheet, along with the corresponding revenues and expenses on the incomestatement. The content of the course is essential for students seeking careers inaccounting and finance, as well as those who want to be able to communicate withinvestors regarding financial activities (e.g., entrepreneurs).To perform well in this course, you should already be familiar with basic accountingterminology, practices, and techniques. This course will require you to consider theeconomics of transactions and events and assess how well financial reportingcaptures those economics. You should be able to work through a financial reportingproblem from a preparer’s perspective (i.e., from transactions to journal entries tofinancial statements) and work backward through problems as a financial statementuser (i.e., from financial statements and notes to journal entries to underlyingtransactions). Students should attempt to develop a level of understanding sufficientto practice the profession of accounting and to solve problems at the level tested onthe Uniform CPA Examination. In addition to conceptual and technical knowledge, A311 is designed to build andexercise a professional accountant's essential skills, particularly communication skillsand professional research and inquiry skills. Employers and professional and graduateschools all seek candidates who have developed these skills so that they can beemployed at the next level. These learning outcomes support learning goal 3, 4, and 5 of the UndergraduateProgram Learning Goals and learning goal 1, 3, 4, and 5 of the UndergraduateAccounting Learning Goals. Appendix A to this syllabus provides a complete listing ofthe program's learning goals. A 3 1 1 | 4Course Objectives and LearningOutcomes

Course InformationIn this course, the textbook we will use is Kieso,Weygandt, and Warfield, Intermediate Accounting,18th Edition, Wiley, 2022. Since this course hasboth synchronous and asynchronous componentsyou will need a computer or tablet, reliable internetconnection, microphone, webcam, video software,and a calculator. I post all the materials that you will need for this coursethroughout the semester on Canvas. Class materials,assignments, grades, announcements, and othermaterial can be found on our class canvas page. Youare also responsible for checking Canvas forannouncements and changes. If you experience anytechnical glitches using Canvas, you should seeksupport by calling the UITS Support Center (812) 855-6789.Required MaterialsCourse WebsiteA 3 1 1 | 5Course PrerequisitesStudents must pass A201 & A202 (or Honors versions)or A304 & A306 (or Honors versions A307 & A309)with a grade of C or better before taking A311.Students must earn a C or better in A311 beforetaking A312.Course announcements will routinely be sent viaCanvas announcements and posted on the A311Canvas website. It is your responsibility to check yourIU email account and the website before each class. I Also, I check my email frequently and will attempt torespond to all emails as quickly as possible. Email is agreat way is the best way to communicate.CourseCommunication

The material covered in A311 is significantly more complex than in introductoryaccounting classes. This is not a class where you can succeed by merelyattending/watching the lecture and studying just before an exam. Your chances ofperforming well on the assessments in this class can be improved by reading theassigned textbook chapter before our class discussion on the material. Even if youdon’t completely understand all the material on the first pass through the textbook, youwill get much more out of our class discussion if you have already been introduced tothe material in the textbook. Also, I recommend actively jotting down notes andquestions when reading the text and regularly re-visiting those notes to assess whereyou need to allocate more of your study time. Doing well on exams will require thatyou read the chapters thoroughly, participate actively in class discussions, take notes inclass, and work on any suggested practice problems. My suggestion is that studentsspend two hours outside of class for every hour spent in class. Since this course meets3 hours per week, you should expect to spend 6 hours per week outside of class oncourse-related work. Exam weeks will likely require additional effort.Course RequirementsA 3 1 1 | 6Class will consist of asynchronous pre-recorded lectures as well as synchronous “live”sessions, conducted via Zoom. Pre-recorded lectures are available on Canvas. It isexpected that students will watch the asynchronous videos associated with theappropriate chapter(s) and complete the homework prior to the start of the synchronoussession associated with the chapter(s). A rough schedule is attached below. The link tothe Zoom room is on the Canvas home page. Preparation for each class should includereading all the assigned material and completing the homework assignments for thefollowing class. Students will be responsible for and can expect exams to include allassigned textbook material even if it was not specifically covered in class. The attachedoutline is intended primarily as a textbook reading and homework assignment scheduleand as a guide to the progression of topics during the semester. This may be adjusted asneeded. In class, we will review the issues discussed in each chapter and work throughproblems. Please remember that the schedule is subject to change.Class StructureHow to Succeed in this Class

Components of GradePointsExam 1120Exam 2120Exam 3120Homework90Total Points450EvaluationA 3 1 1 |  7The tentative grading scheme is below. I reserve the right to change the weights during the semester as Ilearn more about your skill level and the required time input to meet our expectations. Of course, you willbe informed as soon as I elect to make changes.Letter grades will be assigned according to traditional grading scales (100 A+, 99-93 A; 92-90 A-; 89– 87 B+; 86 – 83 B; 82 – 80 B-; etc.). However, I reserve the right to adjust the grades based on thedifficulty of the exams and the effort of the class. The Department of Accounting’s suggested rangefor the average grade in this course is 3.2 - 3.4, and I expect the average grade for the class to fallwithin that range naturally.

There will be three 120-point exams during thesemester. The exams are scheduled on May 20th,June 3rd, and June 13th. The exams will beadministered during our regularly scheduled classtime on Canvas.Missed exams can only be made up in extreme cases(e.g., the death of a family member, personalhospitalization, etc.). The instructor decides to allowa make-up exam on a case-by-case basis.Additionally, you MUST contact the instructor(erholzma@indiana.edu) as soon as you know of apotential problem or conflict with an exam date.Alternative methods (e.g., oral exam, essay) oftesting may be used for make-up exams. If you areexperiencing an extreme situation or emergency,please attempt to notify the instructor by emailASAP. Unexcused absences from an exam will resultin an exam score of 0.Course RequirementsEXAMSA 3 1 0 |  8HOMEWORKStudents are expected to have the homeworkcompleted prior to class through Wiley PLUS inCanvas. Homework will be reviewed in classduring the synchronous sessions and must becompleted prior to class to earn credit.This course is taught using an "active learning"approach in which students are the primarysource of classroom interaction and learning.Thus, student class participation in this course isvery important. Active involvement in classinvolves regular attendance, professionalism,preparedness, productive participation indiscussions, and thoughtful responses toquestions. It is, therefore, assumed that you haveread the assigned materials and have completedany assigned work prior to each class meeting.The quality of the learning experience dependson each student’s commitment to the class. Inaddition to providing a more stimulating learningenvironment in the classroom, class participationoffers you a great opportunity to improve youroral communication skills which are essential for asuccessful professional career.PARTICIPATION

A 3 1 0 |  9Indiana University students who wish tobecome licensed CPA will need to take theUniform CPA Examination after graduation.Although the CPA exam is a uniform nationallyadministered exam, the educationalrequirements needed to sit for the exam varyfrom state to state. Most states, includingIndiana, require 120 hours of college credit tosit for the exam. In addition, each staterequires a certain number of accounting andother business credits. Indiana University’sundergraduate accounting degreerequirements satisfy the accounting and otherbusiness credit requirements mandated by theIndiana Professional Licensing Agency. Sincethese requirements are subject to change,students are encouraged to research theserequirements along with the requirementsmandated by other states. Several statesrequire additional accounting hours, and somestates require specific courses that are notincluded in IUB’s required curriculum. It is eachstudent’s responsibility to research these examrequirements. Further information is availableat www.nasba.org, www.cpa-exam.org, and bytelephone at 1-800-cpa-exam. Note to Students Planning to Take theCPA Exam

StudentHonor CodeThe vast majority of IU and Kelley students act honestly and with integrity in their personal lives and inclass. Indeed, integrity and accountability are fundamental values of the Kelley School of Businessundergraduate program. Unfortunately, each year a small group of students deviate from thosevalues and (either intentionally or unintentionally) engage in academic misconduct. Please do notfind yourself among that group.To avoid academic misconduct, you must know and comply with the responsibilities and dutiesoutlined in the Kelley School of Business Student Honor Code, the Indiana University Code of StudentRights, Responsibilities, and Conduct, and any other Kelley or IU rules and regulations aboutacademic misconduct. In the event you commit an act of academic misconduct, an appropriatesanction will be imposed, and the misconduct will be reported to Indiana University. Sanctions couldinclude a grade of F for the class.Note that academic misconduct includes plagiarism, even if unintentional. Be sure to carefully reviewthe definition of plagiarism found in the IU Code. Additionally, sharing (including uploading) past orcurrent quizzes, exams, or homework assignments from this class with each other (unless specificallyauthorized by assignment, exam, or quiz instructions) or via unauthorized sources, including third-party websites such as Chegg, is against course rules and constitutes academic misconduct, even ifyour intent is not to enhance your performance or grade in this class. Likewise, accessing (includingdownloading) past or current quizzes, exams, or homework assignments via unauthorized sources,including third-party websites such as Chegg, is also against course rules and constitutes academicmisconduct. The policy on Generative AI that I am adopting can be found here. If I determine that you have committed academic misconduct, I will notify you by meeting with youand explaining the basis for my determination. Then, I will report it to the University, as is required. Ifyou are the subject of a report of misconduct that you believe is inaccurate or if you believe that animposed sanction is inappropriate, you have a right to appeal the finding of misconduct and/or thesanction. Appeals are initiated by emailing ksappeal@indiana.edu.A 3 1 0 |  1 0

Unauthorized Use, Sale or Distribution of Course Material andContentI hold the exclusive right to distribute, modify, post, and reproduce any course materials I havecreated, including written materials, study guides, lectures, assignments, exercises, and exams.Commercial tutoring services and/or online platforms may offer students something of value(money, access to materials for other courses, etc.) for sharing materials from this class. Doing sois a violation of my intellectual property rights and violates related University policies. In addition,some online course content, including recorded lectures and/or recordings of class sessions maybe made available to you to view and download. While you are permitted to take notes on suchcontent for your personal use, you are not permitted to distribute or re-post such content eitherin its original or in altered form without my express written permission.Finally, you may not record, capture, or photograph class sessions (whether in person or online)without my express written permission.Violation of course rules involving unauthorized or improper use, sale, or distribution of coursematerial and content as outlined above is an act of academic misconduct under the IU Code ofStudent Rights, Responsibilities, and Conduct.SYLLABUSPAGE 23Adobe Stock imageA 3 1 0 |  1 1

SYLLABUSPAGE 23Adobe Stock imageBias-Based Incident ReportingBias incidents (events or comments that target an individual or group based on age, color, religion,disability, race, ethnicity, national origin, sex, gender, gender identity, sexual orientation, marital status, orveteran status) are not appropriate in our classroom or on campus. What should you do if you witness orexperience a bias incident? See it? Hear it? Report it by sending an email (biasincident@indiana.edu orincident@indiana.edu), submitting a report online (https://biasincident.indiana.edu), using the IU mobileapp (available at m.iu.edu), or calling the Dean of Students Office (812-855-8187). Reports can be madeanonymously.KELLEY BIAS INCIDENT SUPPORT OMBUDSPERSON (KBISO): You may experience or witness a bias ordiscrimination incident or an incident that you are unsure how to interpret. We understand that reportingan incident and/or navigating the University or Kelley School processes and offices that are available tosupport you can feel daunting at times. Professor Stephanie Moore is the Kelley Bias Incident SupportOmbudsperson (KBISO), a resource available to all undergraduate students. In this role, Professor Moorewill provide safe and confidential support so that students feel respected and heard when consideringhow to navigate incidents of bias or discrimination. She can help students evaluate and select among avariety of options to address incidents of bias or discrimination—including answering students’ questionsabout how to report incidents of bias or discrimination—or help find others who can answer students’questions. She can make appropriate referrals for filing University-level reports of bias or discriminationand advise students about informal and formal resolution techniques to address current or futureincidents of bias or discrimination. In this role, Professor Moore will not give legal advice. She will notinvestigate claims or participate in formal grievance processes, hearings, or judicial processes. She willnot make administrative or academic decisions for the School or University. Instead, she will listen intentlyand discuss conflicts, disputes, concerns, and complaints that students have about unfair treatment oractions stemming from bias or discrimination on the part of other students, faculty and/or staff. Thepurpose of this role is student support. If you need support or direction related to an incident of bias ordiscrimination, please contact Professor Moore in her KBISO role at kbiso@indiana.edu A 3 1 0 |  1 2

Accommodations for Religious ObservancesPlease consult University policy (see https://vpfaa.indiana.edu/policies/bl-aca-h10-religious-observances/index.html) if you wish to receive special accommodation for religious observance.You must make a request to the instructor for a reasonable accommodation for that observanceno later than two weeks prior to the anticipated absence. If the observance falls during the firsttwo weeks of the academic term in which the class meets, it is the student’s obligation to notifythe instructor as early as possible, but no later than during the first calendar week of the term.Accessible Educational ServicesIndiana University is dedicated to ensuring that students with disabilities (e.g., chronic health,neurodevelopmental, neurological, sensory, psychological & emotional, including mental health,etc.) have the support services and reasonable accommodations needed to provide equalaccess to academic programs. To request an accommodation, you must establish your eligibilityby working with Accessible Educational Services (AES), which can be reached atiubdss@indiana.edu or 812-855-7578. Additional information can be found at IU’s Accessibilitywebsite. The process of establishing accommodation is a responsibility shared by you and theAES Office. Only AES-approved accommodations will be utilized in the classroom. After youhave met with AES, it is your responsibility to share your accommodations memo from AES withme. Note that AES services are confidential, may take time to put into place, and are notretroactive. Captions and alternate media for print materials may take three or more weeks toproduce. Therefore, please contact AES as soon as possible if you believe you will requireaccommodation. I look forward to ensuring you have the support you need to succeed in thisclass once you meet with AES and notify me of the outcome of that consultation. Adobe Stock imageSYLLABUSPAGE 23A 3 1 0 |  1 3

Sexual Misconduct and Title IX As your instructor, one of my responsibilities is to create a positive learning environment for allstudents. IU policy prohibits sexual misconduct in any form, including sexual harassment, sexualassault, stalking, sexual exploitation, and domestic violence. If you have experienced sexualmisconduct, or know someone who has, the University can help. If you are seeking help and wouldlike to speak to someone confidentially, you can make an appointment with the IU Sexual AssaultCrisis Services at 812-855-5711 or contact a Confidential Victim Advocate at 812-856-2469 orcva@indiana.edu . It is also important that you know that University policy requires me to sharecertain information brought to my attention about potential sexual misconduct, with the campusDeputy Sexual Misconduct & Title IX Coordinator or the University Sexual Misconduct & Title IXCoordinator. In that event, those individuals will work to ensure that appropriate measures are taken,and resources are made available. Protecting student privacy is of utmost concern, and informationwill only be shared with those who need to know to ensure the University can respond and assist. Iencourage you to visit http://stopsexualviolence.iu.edu to learn more.Mental Health and Stress Management at Kelly and IU As a student, you may experience a range of issues that can cause barriers to learning, such asdifficulty with mental health, including increased anxiety (feeling irritable, restless, or overwhelmed),difficulty concentrating or managing your time. Or you may find that you feel sad or “empty,” lessinterested in activities you once enjoyed; inadequate compared to others; or even hopeless. Thesemental health concerns could lead to diminished academic performance, drug/alcohol misuse,strained relationships, and/or a reduced ability to participate in daily activities. The moment youexperience any of these, we are here to support you. The Kelley School of Business and IndianaUniversity encourage you to reach out. Here are some resources available to help:If your mental health or stress is affecting this class in particular, reach out to me via e-mail or officehours. I can work with you and direct you to support resources.Indiana University Counseling and Psychological Services (CAPS) is available to assist you. You canlearn more about the broad range of confidential mental health services available on campus via theCAPS website (http://healthcenter.indiana.edu/counseling/).A Care Referral is another easy way to request help with an issue or concern, especially if you do notknow which office or department to contact. You can submit a Care Referral for yourself, or anotherrelated to academic/administrative, personal, health/wellness, behavioral, or bias issues. File areport at https://go.iu.edu/carereport .Adobe Stock imageA 3 1 0 |  1 4

A p p e n d i x A : U n d e r g r a d u a t e P r o g r a mL e a r n i n g G o a l sIndiana University Kelley School of Business - BloomingtonProgram Learning Competencies and Student Learning Outcomes1. An Integrative Point of ViewEvaluate and make business decisions taking into account the interdependent relationships among competitiveand environmental conditions, organizational resources, and the major functional areas of business.· SLO 1.1: Identify the relationships between two or more business functions; explain how actions in one functionalarea affect other functional areas.· SLO 1.2: Describe how the relationships among the functional areas relate to the goals of the organization.· SLO 1.3: Use integrative techniques, structures, or frameworks to make business decisions.2. Ethical ReasoningRecognize ethical issues, describe various frameworks for ethical reasoning, and discern the tradeoffs andimplications of applying various ethical frameworks when making business decisions.· SLO 2.1: Identify the ethical dimension(s) of a business decision.· SLO 2.2: Recognize the tradeoffs created by application of competing ethical theories and perspectives.· SLO 2.3: Formulate and defend a well-supported recommendation for the resolution of an ethical issue.3. Critical Thinking and Decision Making in BusinessIdentify and critically evaluate implications of business decisions for organizational stakeholders and the naturalenvironment.· SLO 3.1: Recognize the implications of a proposed decision from a variety of diverse stakeholder perspectives.· SLO 3.2: Evaluate the integrity of the supporting evidence and data for a given decision.· SLO 3.3: Analyze a given decision using critical techniques, structures, or frameworks.4. Communication and LeadershipCommunicate effectively in a wide variety of business settings employing multiple media of communications.· SLO 4.1: Deliver clear, concise, and audience-centered individual and team presentations.· SLO 4.2: Write clear, concise, and audience-centered business documents· SLO 4.3: Effectively participate in informational and employment interviews.· SLO 4.4: Articulate one’s unique value proposition to a given audience.A 3 1 0 |  2 2

5. Quantitative Analysis and ModelingSystematically apply tools of quantitative analysis and modeling to make recommendations and businessdecisions.· SLO 5.1: Use appropriate technology to solve a given business problem.· SLO 5.2:Analyze business problems using appropriate mathematical theories and techniques.· SLO 5.3: Explain the role of technologies in business decision making analysis, or modeling.· SLO 5.4: Structure logic and frame quantitative analysis to solve business problems.6: Working Effectively With OthersCollaborate effectively and respectfully with teammates who look, think, or believe differently from you tobuild trust and community.· SLO 6.1: Participate actively in team meetings and collaborate effectively in both face-to-face and virtualinteractions.· SLO 6.2: Create a cohesive and integrated team deliverable.· SLO 6.3: Assess individual or team collaboration with respect to both productivity and interpersonalrelationships.· SLO 6.4: Identify and manage behaviors related to biases and assumptions to build trust with colleaguesthat have different backgrounds and perspectives.7. Cultural Awareness and Global EffectivenessBecome conversant with major economic, social, political, and technological trends and conditions thatinfluence the development of the global economy and demonstrate competence in the cultural, interpersonaland analytical dimensions of international business.· SLO 7.1: Identify the risks and opportunities associated with determining and implementing optimal globalbusiness strategies.· SLO 7.2: Integrate international, regional, and local non-market forces into strategic decisions ofmultinational corporations.· SLO 7.3: Analyze obstacles resulting from cultural differences and recommend leadership approaches thatleverage diversity to enhance business performance.· SLO 7.4: Identify the personal and contrasting attitudes, values, and beliefs that shape businessrelationships.A 3 1 0 |  2 3