Course Instructor:

Dr. Sung S. Kwon (Course Director) Professor of Accounting Room 044C, Atkinson Building (416) 736-2100, extension 66460 Thursday 4:00 4:30 p.m. and 6:20 6:50 p.m. adms3595@yorku.ca

Office Hours: E-mail Address:

COURSE CALENDAR DESCRIPTION This course, in conjunction with AK/ADMS 3585 3.0, develops thorough knowledge and understanding of generally accepted accounting principles and financial statement analytical skills by examining various technical areas of financial accounting. More specifically, this course is the second intermediate financial accounting course designed for the undergraduate accounting major and will emphasize the financial accounting theory, rules, and procedures related to liabilities and stockholders' equity. In addition, specialized reporting and disclosure issues related to investments, dilutive securities, derivative securities, earnings per share, employee benefits, leases, income taxes, cash flows, accounting changes & correction of errors, and disclosure issues will also be focused. The course will provide historical and theoretical perspectives to enable the student to critically evaluate current accounting and reporting techniques from the user's standpoint. The assignments of readings, exercises, problems, and cases should provide an appreciation for the development of current accounting and financial reporting concepts and techniques COURSE PREREQUISITES The prerequisite is AK/ADMS 3585 3.0. Those students with outstanding deferred exams in the prerequisite course may not enrol in this course. Students are personally responsible for ensuring that they have the necessary prerequisite. The School of Administrative Studies reserves the right to de-enrol any student when it is determined that a student has requested a course without having the necessary listed prerequisites. The School will not be responsible for refunds resulting from students being dropped from a course due to a lack of a prerequisite. REQUIRED TEXT Intermediate Accounting, 10th Canadian ed., 2013 Kieso et al, John Wiley & Sons Canada, Ltd, (Volume 2) This textbook comes in two volumes with one CD-Rom bundled with Volume 1 (for both volumes); bookstores are selling them sometimes separately, sometimes as a shrink-wrapped double set. You only need Volume 2 for ADMS 3595. It is recommended to keep your

Volume 1 and CD-Rom as a reference source. RECOMMENDED TEXT Accounting recommendations, CICA Handbook, Canadian Institute of Chartered Accountants (most recent) Access the CICA handbook online from the Libraries home page www.library.yorku.ca (or, after signing into the course website click on the 'York Libraries' link). Type CICA in the Title Quick Search box. Choose 'CICA Standards and Guidance Collection' and then choose 'Accounting'. If accessing from off-campus authentication with library barcode and PIN is required. Student Study Guide to above text COMPUTING REQUIREMENTS: Students will require access to a computer Pentium machine or better with Windows NT 4.0 Workstation or Windows 2002 /XP Operating System and Internet Explorer 6.0/8.0 or Netscape 4.51/4.7x internet browser. MACs are not supported in Quickplace. If you do not have the above minimum computing requirements, there are on-campus computing facilities available at the Computing Commons in Parking Structure ll. The Computing Commons is open 24 hours a day - 7 days a week. There are no speakers at these open labs; students have to bring their own earphones. For more information about on-campus computing visit York University's Computing and Network Services Web site: http://www.cns.yorku.ca. If you have any technical non-course related computing questions you may contact York University's Client Support Services by phone (416) 736-5800, by E-mail helpdesk@yorku.ca or you may obtain assistance in person at Room 101, Computing Commons, Parking Structure ll. Internet cafes, public libraries and other facilities (for example kiosk stations) are open to the public and provide alternatives for access. WORKLOAD Students are forewarned that by necessity ADMS 3595 is one of the more rigorous courses at York University. If you have a full time job in addition to your academic pursuits, you are strongly advised not to take another course concurrently with this one. GRADING SCHEME Midterm Examination I Chapters & Appendices Time: 7-9 pm on Sunday, October 13 25%

13, 14, 18, 18A Location: TBA Midterm Examination II Chapters & Appendices 15, 15A, 15B, 16, 16C, 17 Final Examination Time: 7-9 pm on 25% Sunday, November 10 Location: TBA

Chapters & In the final exam period, 50% Appendices 3hrs 13-22, 15A, 15B, 16C, 18A, 19A, 19B, 20B, 21A 100%

EXAMINATIONS The course has two non-cumulative midterm examinations and a cumulative final examination. Examinations may contain a mix of multiple-choice questions, writing assignment questions, and problems that require written answers and calculation. Examinations may include questions related to any articles and/or financial statement extracts reprinted from the financial press or corporate websites that is posted on the course website. The final examination is comprehensive and covers the entire course. The final examination is scheduled during York's final examination period. Once set by the Registrar, the date, time and location of the final examination will be announced on the York University website at www.yorku.ca (click 'current students'). There are no make-up exams or alternate sittings of the midterms. If you are unable to attend because of illness, a doctor's note is required. With a documented excused absence, you may transfer the weight of the midterm to the final examination. One caution if you are ill and it is affecting your performance, do not write an exam; instead, go to a medical clinic and request a doctor's note. Under no circumstances is the result of an examination changed once it is written. UNGRADED ASSIGNMENTS Practice solving problems is one of the best ways to prepare for computational accounting questions. Selected textbook exercises and problems will be assigned but not graded. These exercises and problems should be considered as a minimum. The more problems you do, the more comfortable you will be with computational questions on the examinations. Solutions to selected exercises and problems will be available from the course website. Solutions to other textbook exercises and problems may be viewed during counselling hours which will be announced on the course website or in class.

ACADEMIC HONESTY The published regulations by York University regarding cheating and other forms of academic dishonesty are posted on the University website (see academic policies on the 'current students' page of www.yorku.ca). It is assumed that you have read and are familiar with these regulations. COURSE WEBSITE The course website provides access to: Course syllabus, announcements, lecture notes and illustrations, textbook homework solutions, other learning materials, and recommended references. You are required to check the course website regularly during the course for class materials and activities. The website is password protected. Login using your Passport York information HELP ON ACCOUNTING AND COURSE RELATED MATTERS Between classes, help is available from the course counsellor during drop-in counselling hour(s) or via e-mail. The drop-in counselling hour(s) and location will be announced on the course website or in class. Send course related queries to the e-mail address (adms3595@yorku.ca ) listed at the top of this course outline. Given the incidence of virus and worm transmission through email attachments, messages attachments may be returned unopened and you may be requested to resend your message without an attachment. You can normally expect to receive replies to e-mail messages within 36 hours (except during weekends and holidays). Note that my office hours are mainly used to discuss your questions and concerns related to course administration and your learning progress. Questions related to assigned problems must first be counselled by course tutors. Only those Questions unresolved by course counsellors are normally covered during my office hours. INFORMATION ON PROFESSIONAL CERTIFICATION ADMS 3595 counts towards the certification requirements of the Canadian Institute of Chartered Accountants, the Certified General Accountants Association of Canada, and the Canadian Institute of Certified Management Accountants. WILEYPLUS (optional) WileyPLUS is an innovative, research-based, on line environment for effective learning.

You will need to purchase a registration code to access WileyPLUS, but it is your choice how to buy it: Option 1 Use WileyPLUS in place of the hard copy textbook. Go to www.wileyplus.com to purchase immediately. Option 2 Buy a new textbook in the bookstore packages with a WileyPLUS registration code Once you have your WileyPLUS Registration code, you will need to register for WileyPLUS. You can go to the appropriate class section URL listed below or link directly to your course by looking up your school and section under the Get Started link at www.wileyplus.com. Here are the steps: 1. Copy and paste the specific class section URL listed below Class Section URLs: ADMS 3595 Section A: ADMS 3595 Section B: 2. Click on the REGISTER button to start. 3. Need more info? Visit www.wileyplus.com/register. WILEYPLUS help: LOGIN: www.wileyplus.com LIVE CHAT (Technical Support) www.wileyplus.com/support Additional Resources: www.wileyplus.com/studentfdoc E-MAIL PROTOCOL As no one has the time to search databases to determine the name and section of e-mail writers, and as different sections of this course have different course directors, it is essential that the following e-mail protocol be observed: E-mail from your York Computing E-mail Account (username@yorku.ca) under all circumstances Use the course e-mail address (adms3595@yorku.ca) at the top of the course outline only On the subject line, provide your section number (e.g., Sect. M or N) and a brief description of the purpose of your e-mail To RECEIVE a response to your e-mail, sign your e-mail as follows: 1. full name 2. student number Consolidate your accounting queries into a single e-mail. Provide your attempted solution to exercises and problems when seeking help. Queries such as "What is Exercise XX's solution?" will be returned to you, asking you to provide your own attempted solution. When replying with history, keep history SHORT!

DEFERRED EXAM Deferred standing may be granted to students who are unable to write their final examination at the scheduled time or to submit their outstanding course work on the last day of classes. In order to apply for deferred standing, students must register at http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. Followed by handing in a completed DSA form and supporting documentation directly to the main office of the School of Administrative Studies (282 Atkinson) and add your ticket number to the DSA form. The DSA and supporting documentation must be submitted no later than five (5) business days from the date of the exam. These requests will be considered on their merit and decisions will be made available by logging into the following link http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. No individualized communication will be sent by the School to the students (no letter or e-mails). Students with approved DSA will be able to write their deferred examination during the School's deferred examination period. No further extensions of deferred exams shall be granted. The format and covered content of the deferred examination may be different from that of the originally scheduled examination. The deferred exam may be closed book, cumulative and comprehensive and may include all subjects/topics of the textbook whether they have been covered in class or not. Any request for deferred standing on medical grounds must include an Attending Physician's Statement form; a Doctors Note will not be accepted. DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf Attending Physician's Statement form: http://www.yorku.ca/laps/council/students/documents/APS.pdf The deferred examinations for the Fall 2013 term shall be held in the period, January 24 -26, 2014. POLICY ON LEAVING THE CLASSROOM EARLY You can leave the classroom early only during the break period. Since people who leave the classroom early disturb other students in concentrating on lecture presentations, it would be unfair to the students who want to avoid distractions as much as possible in their efforts to learn if I let this situation continue to develop. Furthermore, I have an obligation to maintain a quiet learning environment for all of my students as a course director and an educator. Any violation of this rule will result in one percent reduction of your final grade. Sometimes, you may have to leave the classroom early due to emergencies or physical reasons. As long as you can provide me with an appropriate document explaining the circumstances later, you can get the lost point back. Any person who has to leave early must sign a sign-up sheet.

COURSE SCHEDULE AND TOPICAL COVERAGE (SUBJECT TO CHANGE) Week # and Date Chapter Questions Assigned for Class 1 Week of September 12 Non-Financial and Current Liabilities 13 Exercises: 1, 2, 14, 15, 18, 20 Problems: 1, 7, 8, 9, 17 Sample Questions Chapter 13 2 Week of September 19 Long-term Financial Liabilities 14 Exercises: 4, 7, 12, 13, 20, 22, 23, 24, 25, 26, 27 Problems: 2, 4 Sample Questions Chapter 14 3 Week of September 26 Income Taxes 18 and 18A Exercises: 4, 5, 6, 7, 10, 14, 15, 22, 23, 25, 26 Problems: 3 Cases: WA1, WA 3 Sample Questions Chapter 18 4 Week of October 3 Shareholders' Equity 15, 15A, and 15B

Exercises: 2, 6, 10, 17, 18, 19 Problems: 2, 5, 6, 8, 10 Sample Questions Chapter 15

5 Week of October 10 Complex Financial Instruments 16 and 16C Common Midterm I - Time: 7-9 pm on Sunday, October 13 Location: TBA Midterm 1 (Chapters 13, 14, 18, and 18A) 6 Week of October 17 Complex Financial Instruments 16 and 16C (continued) Exercises: 1, 3, 4, 5, 6, 8, 16, 17 Problems: 1, 2, 3, 4, 10 Sample Questions Chapter 16

7 Week of October 24 Earnings per Share 17 Exercises: 2, 5, 6, 10, 16, 17, 18 Problem: 2, 8 Sample Questions Chapter 17 Pensions and Other Employee Future Benefits 19, 19A, and 19B

8 Week of November 7 Pensions and Other Employee Future Benefits 19, 19A, and 19B (continued) Exercises: 1, 3, 4, 7, 8, 9, 16, 19, 20, 21, 23 Problems: 3, 7 Sample Questions Chapter 19 Common Midterm II - Time: 7-9 pm on Sunday, November 10 Location: TBA Midterm (Chapters 15, 15A, 15B, 16, 16C, and 17) 9 Week of November 14 Accounting Changes and Error Analysis 21 and 21A Exercises: 2, 4, 10, 12, 13, 17 Problem: 2, 6 Case: WA 4 Sample Questions Chapter 21 10 Week of November 21 Leases 20 and 20B Exercises: 1, 2, 3, 4, 6, 13, 16, 20 Problems: 6, 15 Sample Questions Chapter 20 11 Week of November 28

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Statement of Cash Flows 22 Exercises: 2, 11, 12, 13, 17 Problems: 3, 5, 13 Cases: WA3 Sample Questions Chapter 22 A Hand-Out Case 12 Week of December 5 Other Measurement and Disclosure Issues 23 Brief exercises: 12, 13 Exercises: 5, 6 Problem: 1

Final examination during York University's common exam period Comprehensive (cumulative)

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RELEVANT UNIVERSITY REGULATIONS Deferred Exams: Deferred standing may be granted to students who are unable to write their final examination at the scheduled time or to submit their outstanding course work on the last day of classes. In order to apply for deferred standing, students must register at http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. Followed by handing in a completed DSA form and supporting documentation directly to the main office of the School of Administrative Studies (282 Atkinson) and add your ticket number to the DSA form. The DSA and supporting documentation must be submitted no later than five (5) business days from the date of the exam. These requests will be considered on their merit and decisions will be made available by logging into the following link http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. No individualized communication will be sent by the School to the students (no letter or e-mails). Students with approved DSA will be able to write their deferred examination during the School's deferred examination period. No further extensions of deferred exams shall be granted. The format and covered content of the deferred examination may be different from that of the originally scheduled examination. The deferred exam may be closed book, cumulative and comprehensive and may include all subjects/topics of the textbook whether they have been covered in class or not. Any request for deferred standing on medical grounds must include an Attending Physician's Statement form; a Doctors Note will not be accepted. DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf Attending Physician's Statement form: http://www.yorku.ca/laps/council/students/documents/APS.pdf The deferred examinations for the Fall 2013 term shall be held in the period, January 24 - 26, 2014. Petition forms are normally downloaded and printed by accessing the following website: http://www.registrar.yorku.ca/services/petitions/forms.htm Included with the form is a Course Performance Summary. Please enter your enrolment details on the CPS and take it Room 282 Atkinson for completion. The School will complete the CPS within 5 business days for collection by you. Completed forms, including the CPS (and Attending Physicians Statement, if the petition is based on a medical matter), must be delivered to the Faculty Council Office. Academic Honesty: The new Faculty of Liberal Arts and Professional Studies considers breaches of the Senate Policy on Academic Honesty to be serious matters. To quote the Senate Policy on Academic Honesty. The Policy on Academic Honesty is an affirmation and clarification for members of the University of the general obligation to maintain the highest standards of academic honesty. As a clear sense of academic honesty and responsibility is fundamental to good scholarship, the policy recognizes the general responsibility of all faculty members to foster acceptable standards of academic conduct and of the student to be mindful of and abide by such standards. Suspected breaches of academic honesty will be investigated and charges shall be laid if reasonable and probable grounds exist. Students should review the York Academic Honesty policy for themselves at: http://www.yorku.ca/secretariat/legislation/senate/acadhone.htm 12

Students might also wish to review the interactive on-line Tutorial for students on academic integrity, at: http://www.yorku.ca/tutorial/academic_integrity/ Grading Scheme and Feedback Policy: The grading scheme (i.e. kinds and weights of assignments, essays, exams, etc.) shall be announced, and be available in writing, within the first two weeks of class, and, under normal circumstances, graded feedback worth at least 15% of the final grade for Fall, Winter or Summer Term, and 30% for full year courses offered in the Fall/Winter Term be received by students in all courses prior to the final withdrawal date from a course without receiving a grade, with the following exceptions: Note: Under unusual and/or unforeseeable circumstances which disrupt the academic norm, instructors are expected to provide grading schemes and academic feedback in the spirit of these regulations, as soon as possible. For more information on the Grading Scheme and Feedback Policy, please visit: http://www.yorku.ca/secretariat/legislation/senate/gradfeed.htm In-Class Tests and Exams - the 20% Rule: For all Undergraduate courses, except those which regularly meet on Friday evening or on a weekend, tests or exams worth more than 20% will not be held in the two weeks prior to the beginning of the official examination period. For further information on the 20% Rule, please visit: http://calendars.registrar.yorku.ca/examschedules/examinfo/twentypercent.htm. For further information on examination scheduling, and Atkinson examination exceptions to this rule, please refer to the "Notes" in the table: http://www.yorku.ca/roweb/importantdates/

Reappraisals: Students may, with sufficient academic grounds, request that a final grade in a course be reappraised (which may mean the review of specific pieces of tangible work). Non-academic grounds are not relevant for grade reappraisals; in such cases, students are advised to petition to their home Faculty. Students are normally expected to first contact the course director to discuss the grade received and to request that their tangible work be reviewed. Tangible work may include written, graphic, digitized, modeled, video recording or audio recording formats, but not oral work. Students need to be aware that a request for a grade reappraisal may result in the original grade being raised, lowered or confirmed. For reappraisal procedures and information, please visit the Office of the Registrar site at: http://www.registrar.yorku.ca/services/policies/grade.htm Accommodation Procedures: students who have experienced a misfortune or who are too ill to attend the final examination in a course should not attempt to do so; they must pursue deferred standing. Other students should contact their home Faculty for information. For further information, please visit: http://www.registrar.yorku.ca/services/ds_faq.htm Religious Accommodation: York University is committed to respecting the religious beliefs and practices of all members of the community, and making accommodations for observances of special significance to adherents. For more information on religious accommodation, please visit: https://w2prod.sis.yorku.ca/Apps/WebObjects/cdm.woa/wa/regobs Academic Accommodation for Students with Disabilities (Senate Policy) 13

The nature and extent of accommodations shall be consistent with and supportive of the integrity of the curriculum and of the academic standards of programs or courses. Provided that students have given sufficient notice about their accommodation needs, instructors shall take reasonable steps to accommodate these needs in a manner consistent with the guidelines established hereunder. For more information please visit the Disabilities Services website at http://www.yorku.ca/dshub/ Yorks disabilities offices and the Registrars Office work in partnership to support alternate exam and test accommodation services for students with disabilities at the Keele campus. For more information on alternate exams and tests please visit http://www.yorku.ca/altexams/ Please alert the Course Director as soon as possible should you require special accommodations.

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