COURSE: Intermediate Accounting I (A311) SEMESTER: Spring 2000

INSTRUCTOR: Dr. Janet C. Papiernik

OFFICE: Neff 350J PHONE: 481-6477 E-MAIL:


Introduction to Accounting I & II (A201, A202); admission to Business B.S. degree program, or the Post Baccalaureate Certificate program. Under polices of the School prerequisites will be enforced.

REQUIRED MATERIALS: Intermediate Accounting, 9th ed., Kieso and Weygandt. Wiley & Sons

Rockford Corporation Accounting Practice Set.

Wiley & Sons.

OPTIONAL MATERIAL: The book store may stock the publisher's study guide to accompany the text. Although this is not required material for the course, some students may wish to examine the study guide to determine if they would benefit from using it.

COURSE GOAL: The purpose of this course is to present the principles, methods, and practices which comprise generally accepted accounting principles (GAAP) and how they form the basis upon which financial information published in annual reports is assembled, communicated, and interpreted.

OUTSIDE READING: The student should understand that readings from sources other than the textbook are essential to a proper understanding of the political, social, legal, and economic framework in which accounting principles are developed. It is recommended, therefore, that the student develop the habit of reading such periodicals as the Journal of Accountancy, Accounting Today, Wall Street Journal, Business Week, and other similar publications.

INTERNET USAGE: Students are strongly encouraged to activate their student e-mail account. This capability is available for all IPFW students and provides another channel of communication to the instructor and other students. Furthermore, through their e-mail account, students can gain access to the World Wide Web, a resource that contains large collections of accounting information from a variety of sources. References, suggested web sites, and elective assignments on the Internet and world wide web will occasionally be made in class.

STUDENTS' RESPONSIBILITIES: This is the first in a two course sequence that introduces students to the theoretical framework of accounting principles and procedures and how they are used in the presentation of assets (Intermediate Accounting I, A311) and in the presentation of liabilities and owner's equity (Intermediate Accounting II, A312) in financial statements and related disclosures. As such, these two courses represent a foundation for much of the accounting work the student will encounter later in his or her academic career.

The material discussed in this course is complex and requires a great deal of time to complete assignments and fully understand the course material. Therefore, it is expected that the student view these courses in a professional manner and accept responsibility for thoroughly reading and studying the textbook and other related readings as well as completing on a timely basis the assignment material. Since actual class time will be devoted to the review of assigned material and presentation of new material, it is extremely important that students study and complete all reading and problem assignments prior to class.

The instructor of this course keeps regular hours for student consultation; therefore, students who are experiencing difficulties with the course are encouraged to visit with the instructor during posted hours for individual assistance.

Finally, there are a variety of services available to students. Some that you may wish to note are:

IPFW Writing Center, Kettler G35, 481-5740

Services for Students with Disabilities, Walb 118, 481-6657

Mental Health Services for Students, Walb 111, 481-6595

Campus Ministry, 481-6992 or 481-6994

Transitional Studies, Kettler 200, 481-6817

Campus Weather Emergency Information, 481-5770



All students enrolled in the Intermediate Accounting I course are required to complete the Rockford Corporation practice set. This project will enable the student to review and reinforce his or her understanding of the basic accrual accounting model. Additional information and guidance concerning the mechanics of this particular course requirement will be discussed during the regular class schedule.















1. There are three examinations covering the material discussed since the previous examination; a comprehensive final examination covering all of the material presented during the semester; and completion of the practice set. All tests and projects are constructed on a 100% base and contribute to the final course average as follows:

practice set: 10%

unit examinations: 60% (20% each exam)

comprehensive exam: 30%


The final course average computed from the inputs above will be applied according to the following scale to determine the course grade:

A 100-90 (Outstanding achievement)

B 89-80 (Above average achievement)

C 79-70 (Average achievement)

D 69-60 (Below average achievement)

F 59- 0 (Failure)

2. Attendance will be taken at each class meeting. This information will be used in determining borderline grade decisions.


3. Make-up examinations will be allowed on an emergency basis only. I must be notified in advance of the need for a make-up. Lack of adequate preparation for an exam does not qualify you for a make-up exam. To be fair to your fellow classmates, only one make-up exam per student per semester will be permitted. A student missing an exam will not be allowed to return to class until the make-up exam is completed. If these conditions are not met, the instructor reserves the right to assign a grade of zero for the exam missed. Although the make-up examination may not be the same structure as the original exam, the material covered will be the same.

4. Withdrawals from the class require the student to complete and properly process a drop form. Last date to withdraw from class with a automatic grade of "W" is Friday, March 17, 2000. Withdrawal from a class after this date will not be approved unless authorized by the student's academic advisor and dean or division director after they have consulted with the instructor. Such drops will not be approved if sought because of your poor performance in the course. See the 1998-2000 IPFW Undergraduate Bulletin, page 287.

5. Academic honesty is expected of all students. You are responsible for knowing how to maintain academic honesty and for abstaining from cheating, the appearance of cheating, and permitting or assisting in another's cheating. See the 1998-2000 IPFW Undergraduate Bulletin, page 287.


*TENTATIVE COURSE OUTLINE: (Assignments will be discussed in class during the meeting that immediately follows the date of the assignment.)



Reading (C=Case; E=Exercise;

Date Chapter Topic Assignment P=Problem)

Jan. 11 T 1 Accounting Standards 1-21 C1,C4,C8,C11,C12,


13 R 2 Conceptual Framework 33-53 E2,E3,E4

18 T 3 Accounting Cycle 67-100 E8,E9,E11,E14

20 R 3 Accounting Cycle Appx. A, B P6,P12,E23


25 T 4 Income Statement 145-169 E5,E11,C3

27 R 4 Retained Earnings Appx. A E12,P5,E16,E17,E18

Statement 170-176

Feb. 1 T 5 Balance Sheet 203-222 P2,C5

3 R 5 Cash Flow Statement 223-230 P4,C1,E12

8 T Review 1-5

10 R Exam; Chapters 1-5

15 T 6 Time Value of Money 277-307 E3,E4,E6,E10

17 R 6 Time Value of Money P1

22 T 7 Cash & Receivables 331-358 E5,P2,P9

24 R 7 Cash & Receivables Appx. A E18,E21,P14


29 T 8 Inventories 393-409 E1,E5,E16,P3(a1&b1)


Mar. 2 R 8 Inventories 409-423 E27,P11

7 T Spring Break

9 R Spring Break

14 T 9 Inventories 447-469 E3,E12,E20,E22

16 R 9 Inventories Appx. A E24,E27,E26,P11


21 T Review 6-9

23 R Exam; Chapters 6-9

28 T 10 Property & Equipment 499-517 E2,E5,E14,E19,E20

30 R 10 Property & Equipment 517-523 E18,P7



Reading (C=Case; E=Exercise;

Date Chapter Topic Assignment P=Problem)


Apr. 4 T 11 Depreciation 545-560 E4,E8,E10,E12,P2

6 R 11 Depletion 560-572 P4,E19

11 T 12 Intangibles 593-614 E1,E6,E16,P4

13 R 12 Intangibles Appx. A&B E25,P8


18 T Exam; Chapters 10-12

20 R 13 Current Liabilities 645-660 E1,E7,E8

25 T 13 Current Liabilities 660-674 E13,P11,P5b,d,f

27 R Review

May 1 M Final Exam; 1:00-3:00 p.m. Actual date and time follow final examination schedules printed in the Spring semester schedule of classes.

* The instructor reserves the right to change the course schedule for the benefit of the class majority.