CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA

ACC 312 Intermediate Accounting II

SYLLABUS
Fall 2014
PROFESSOR:
OFFICE HOURS:

Hassan Hefzi
200-4:00 MW
And by appointment

OFFICE: 164-2085
PHONE: (909) 869-2385
E-mail:
hhefzi@csupomona.edu
(I do not respond to e-mails on weekends)

Text and other Materials:

Intermediate Accounting, Spiceland, Sepe and Nelson, 7th Ed., McGraw-Hill, 2012.
The Wall Street Journal (Sign up form distributed in class).
Prerequisite: Acc 311 with a minimum grade of C (for non-accounting majors, see Cal Poly Pomona Catalog)
Catalog Description
Application of FASB Conceptual Framework of Accounting to specific topics in financial accounting. Decision-making
and problem-solving Skills.
Expanded Course Description:
An examination of problem areas in financial accounting with emphasis on the concepts, fundamentals, standards, and
procedures studied in introductory accounting. Further study is undertaken with regard to the development, analysis, and
understanding of financial statements and their role in decision-making. Special acknowledgment is given to the
publications and pronouncements of the American Institute of Certified Public Accountants (AICPA), American
Accounting Association (AAA), Financial Accounting Standards Board (FASB), Securities and Exchange Commission
(SEC), and other professional and governmental organizations.
Course Objectives:
This course is aimed primarily toward those who will be providers of financial information for external usethose who
will be primarily responsible for observing, selecting, measuring, and reporting financial information for external decision
making. The main objective is to develop skills of application and analysis, i.e., to demonstrate the use of appropriate
concepts, standards, and techniques after having considered the needs of financial statement users and how the behavior of
the users may be influenced by financial accounting information. Achieving this objective requires that the student
synthesize his/her basic knowledge and understanding of economics, general business, contemporary laws and regulations,
and generally accepted accounting principles.
Course Philosophy:
Intermediate accounting courses are designed to provide the students with an understanding of the theory of financial
accounting and the practice necessary to permit the students to function effectively as a professional (management
accountant, public accountant, internal auditor, or any other business endeavor). Thus, all of the students work must be of
a quality such that it could be presented to a supervisor, if you were in a real-world situation. Sloppy or incomplete
homework is unacceptable. Intermediate accounting will focus on the preparers role in providing accounting information.
It will emphasize the underlying theory and concepts of financial accounting and will be particularly concerned with a
students ability to reason why a particular solution is preferable.
You are required to take some responsibility for your own learning. You are expected to read the assigned material and
formulate questions before coming to the class. Active participation is expected of everyone. Thus, come to class
prepared to participate. Twenty five points of the course grade is based on your class participation. Keep in mind that
class attendance is not class participation. You may attend all classes and still receive zero point for class participation, if
you do not actively participate in class discussions.

Homework assignments:
You have been assigned problems, cases and other materials from each chapter. These assignments are the minimum
amount of work required for successful completion of the course. Total of six assignments will be collected for grading on
a random basis. You will be allowed to drop the lowest homework grade. Homework assignments will be due at the
beginning of the class period for which they are assigned. Late homework assignment will not be accepted under any
circumstances.
Quizzes:
Total of six quizzes will be given during the quarter. These quizzes will be over the reading materials from each chapter
before they are discussed in class. The purpose of these quizzes is to ensure that you read the chapters for each class
period. No make ups will be given. However, you will be allowed to drop the lowest grade on quizzes.

Group Writing Assignment:

Students are required to write a group research paper. Groups of four students each will be formed in the class.
You are free to choose your group members. You must give me the names of the group members no later than
October 6, 2014. Each group will do a research paper on International Accounting Standards. The paper
should include historical development, pros and cons of international accounting standards, developments of
International Financial Reporting Stands (IFRS) and current status of International Accounting Standards in U.S.
A proposal (outline) of the paper is due by October 29, 2014. Papers will be graded based on the content,
writing style and grammar. It should be typed double-space with a minimum of 15 pages in length. Papers are
due on November 24, 2014. Late papers will not be accepted under any circumstances.
Beginning of the Class Open Discussion:
First five minutes of each class period is open to you to share with others accounting related or other current materials that
you have read or seen or any announcement that you may want to make.
Examinations:
There will two mid-terms and final exam. Exams may contain any or all of the following question types: multiple choice,
problem, short answer, matching, or essay. Exams will be given on the dates scheduled. No make up exams will be
given. If you miss an exam, you will receive a grade of -0- for the exam. Calculators can be brought to each exam, but
the can not be shared.
Attendance:
Class attendance is expected. Please attend regularly and give yourself every opportunity to successfully complete this
course. Students with excessive unexcused absences (three for each exam period) will not receive credit for adjustment to
individual exam grades.
Grade Determination:
A letter grade will be assigned based on the total points achieved. Grades will be determined based on the following
factors:
Examinations (100 pts each)
300
Homework
50
Quiz
50
Group Writing Assignment
50
Class participation
25
Total points
475
The following scales will be used to assign the letter grades at the end of the quarter:

A
B

428 to 475 pts

380 to 427 pts

C
D

332 to 379 pts

285 to 331 pts

F less than 285

Accounting 312 Assignments

Fall 2014
(subject to minor changes)
Class
No.
1

Date
Sept 29

Read/Study
Introduction

Assignments

Oct. 1

Ch 7 Cash and Receivables

E7-1, 5, 11; P7-4, 13

Oct. 6

Ch 7

E7-13, 14, 15, 18, 19,23; P7-7, 9, 10

Group Member Names Due

Oct. 8

Ch 8 Inventories: Measurement

E8-4, 5, 7, 11, 17, 21

Oct. 13

Ch 8 Inventories: Measurement

P8-2, 5, 8, 9, 15

Oct. 15

Ch 9 Inventories: Additional Issues

`E9-9, 15, 16; P9-2

Oct. 20

Ch 9 Inventories: Additional Issues

E9-23, 26; P9-5, 13

Oct. 22

Exam 1 (Chapters 7, 8, 9)

Oct. 27

Ch 13 Current Liabilities & Contingencies

E13-1, 4, 7, 13, 15, 20

10

Oct. 29

Ch 13 Current Liabilities & Contingencies

11

Nov. 3

Ch 10 Operational Assets: Acquisition

E13-19, 21, 23, 27; P13-2, 3, 5, 10

Outline for group papers due
E10-4, 6, 9, 11, 15, 16, 17; P10-1, 2

12

Nov. 5

Ch 10 Operational Assets: Acquisition

E10-25, 27; P10-4, 7, 9

13

Nov. 10

Ch 11 Operational Assets: Utilization & Disposal E11-1, 3, 5, 8, 9, 11, 14, 25

14

Nov. 12

Ch 11 Operational Assets: Utilization & Disposal E11-18, 22, 23, 28 ; P11-5, 8

15

Nov. 17

Exam 2 (Chapters 10, 11, and 13)

16

Nov. 19

Ch 12 Investments

E12-7, 11; P12-1

17

Nov. 24

Ch 12 Investments

18

Nov. 26

Ch 14 Bonds and Long-Term Notes

E 12-15; P12-5, 6, 9, 10
Ggroup papers due
E14-3, 4, 7, 11; P14-4

19

Dec. 1

Ch 14 Bonds and Long-Term Notes

E14-17, 18; P14-7, 13, 15

Cash and Receivables

20
Dec. 3
Ch 14 Bonds and Long-Term Notes
E14- 21, 22, 23, 26, 29
______________________________________________________________________________________________________
Final Exam (Chapters 12 and 14):

4:00 pm Class, Monday Dec. 8, 2014, 3:50-5:50

6:00 pm Class, Monday Dec. 8, 2014, 6:00-8:00