New York City College of Technology, CUNY Department of Business Intermediate Accounting 2 ACC 2401/Sec 2020 Spring 2013

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New York City College of Technology, CUNY Department of Business

Intermediate Accounting 2 ACC 2401/Sec 2020

Spring 2013

Instructor: John Ames, CPA Office Hours: Mondays 6:00pm to 7:00pm In Class Meetings: Tues 7:30 pm to 8:45pm Rm N1019 Email: james@citytech.cuny.edu

Course Format: Hybrid, 50% Online & 50% Classroom Office Phone: 718-260-5773

PREREQUISITE: ACC 2401 Principles of Accounting II

TECHNOLOGY PREREQUISITES: This online course would be conducted using BlackBoard. As a result, students should know how to use the basic features of this program. Student training for BlackBoard is available in the open student lab in the General Building, sixth floor, room G600. The phone number for the lab is (718)254-8565. Please obtain your student login ID and PASSWORD by the first day of class. In addition, you will need the following:

1. An email account and must be comfortable using it. The college provides an email account to all students.

2. You should have access to and be able to use Netscape, Internet Explorer or Firefox browsers. Internet Explorer works best with BlackBoard.

3. You will need access to a computer with at least 256 MB RAM and an Internet connection via a 56k modem. You can use a computer in one of the College’s computer labs.

4. Be proficient with Microsoft Excel, PowerPoint and Word, or similar software. 5. Please also note that AOL does NOT support Blackboard.

6. If you do not have the correct Java version plug-in (Java Web Start), you will be asked to download and install it. The installation is automatic. You only need to do this the first time, if necessary.

COURSE DESCRIPTION: This course continues the study of accounting beyond the elementary level to the more complex principles and practices of contemporary financial accounting. FASB statements and APB opinions are taught as authoritative pronouncements, but the course also explores alternatives, viewpoints and dissenting opinions on controversial topics. When appropriate the viewpoints of other disciplines, such as economics or law will be examined. The course will develop the student’s analytical ability to solve complex financial accounting problems.

COURSE FORMAT

This is a “Hybrid” course that combines face-to-face classroom instruction with online learning. Fifty percent (50%) of the course is scheduled on-campus and the remainder online. This course offers the benefit of regularly scheduled interaction with the instructor, and flexibility of computer-based learning process.

Every week we will meet in the classroom on Tuesday. You are expected to visit the Blackboard at least three

different days of the week. I will log on at least 5 days per week. If you have personal questions you can reach me by email. I usually respond to emails within 24 hours. The Discussion Board should be used for questions related to course contents and issues so that the class can have access to the response(s).

Navigation of the Blackboard site

ANNOUNCEMENTS is the entry point. Announcements tell you everything you might expect to hear at the beginning of a class if we were in a classroom. In our virtual classroom, you have to read the announcements

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2 each time you enter the course by logging on. I will be posting notices, assignments, and updates on a daily basis, so please check these announcements three times a week.

STAFF INFORMATION is where you will find information about me (phone, email, office location and so on). Our online classroom is open 24 hours a day, 7 days a week. So if you want to ask me any questions, you can email me at any time and I'll try to respond within 24 hours. If you want to discuss something with the entire class, please write your message on our Discussion Board.

COURSE INFORMATION is where you'll find all the information that is usually given out on the first day of a course (course syllabus, grading policies, browsers, software and plug ins you will need for the course). COURSE DOCUMENTS is where you will find all assigned readings, "handouts," checklists, slides, lecture notes and information about how to do all the assigned work.

ASSIGNMENTS is where each day's assignments (and due dates) will be posted.

COMMUNICATION is where you'll find the tools for sending email to other members of the class and for participating in electronic discussions either with the class as a whole and within a smaller group.

DISCUSSION BOARD is where you'll be writing questions and comments and replying to your classmates' questions and comments.

STUDENT’S FAQ is where you'll find tips about how to work online and how to make sure you have all the programs you need. It will answer all your questions from “how to changing your password” to “how will I know what to do on this course” and so on.

EXTERNAL LINKS is where you'll find links to websites you will need for the course.

TOOLS is where you'll find tools for updating your personal information, creating your own Home Page (on this site), checking your grades, and exchanging word processing files with classmates and with me via the Digital Drop Box.

NETIQUETTE

These facts need to be taken into consideration both when contributing messages to a discussion and when reading them. Keep in mind the following points:

1. Respect others and their opinions. In online learning students from various backgrounds come

together to learn. It is important to respect their feelings and opinions though they may differ from your own.

2. Tone Down Your Language. Given the absence of face-to-face clues, written text can easily be misinterpreted. Avoid the use of strong or offensive language and the excessive use of exclamation points. If you feel particularly strongly about a point, it may be best to write it first as a draft and then to review it, before posting it, in order to remove any strong language.

3. Pick the right tone. Since we depend on the written word in online learning, it is especially important to choose the right words to get your meaning across. For example, sarcasm is harder to detect when you read the words rather than hearing them.

4. Keep a Straight Face. In general, avoid humor and sarcasm. These frequently depend either on facial or tone of voice cues absent in text communication or on familiarity with the reader.

5. Consider others’ privacy. Ask for permission if you want to forward someone’s email messages to third parties. Keep in mind that all private email mail is considered copyrighted by the original author. 6. Avoid inappropriate material.

7. Be forgiving. If someone states something that you find offensive, mention this directly to the instructor. Remember that the person contributing to the discussion might be new to this form of communication. What you find offensive may quite possibly have been unintended and can best be cleared up by the instructor.

8. Think before you hit the send button. Think carefully about the content of your message before contributing it. Once sent to the group there is no taking it back. Grammar and spelling errors reflect on you and your audience might not be able to decode misspelled words or poorly constructed sentences.

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9. Test for Clarity. Messages may often appear perfectly clear to you as you compose them, but turn out to be perfectly obtuse to your reader. One way to test for clarity is to read your message aloud to see if it flows smoothly. If you can read it to another person before posting it, even better.

10. Brevity is best. Be as concise as possible when contributing to a discussion. Your points might me missed if hidden in a flood of text.

11. Stick to the point. Contributions to a discussion should stick to the subject. Don’t waste others' time by going off on irrelevant tangents.

12. Frivolous email. Don’t forward jokes, "chain letter's" or unimportant email to other students without their permission. Not only does it fill up their mailboxes but may offend people who do not share the same sense of humor or who are tired of these types of email.

13. Read First, Write Later. Don't add your comments to a discussion before reading the comments of other students unless the assignment specifically asks you to. Doing so is tantamount to ignoring your fellow students and is rude. Comments related to the content of previous messages should be posted under them to keep related topics organized, and you should specify the person and the particular point you are following up on.

14. Netspeak. Although electronic communication is still young, many conventions have already been established. DO NOT TYPE IN ALL CAPS. This is regarded as shouting and is out of place in a classroom. Acronyms and emoticons (arrangements of symbols to express emotions) are popular, but excessive use of them can make your message difficult to read.

IN-CLASS COMPONENT DESCRIPTION

The class sessions will be conducted using lectures and discussion formats. Lectures will be centered around relevant problems that can be found below in the Course Coverage section under “IN-CLASS

ASSIGNMENTS”. These problems have been selected to illustrate key concepts and tools used for management decision making.

You should read the “in-class assigned exercises and problems” as well as the related chapter PowerPoint presentation on Blackboard and make a genuine effort to complete these assignments prior to each class session. In addition, you are expected to bring the text or copies of the in-class assignments and a calculator to every class session.

COURSE OBJECTIVES

Upon completion of this course, the student will:

1. Have developed a better understanding of accounting principles and applications.

2. Through the various accounting concepts introduced in basic courses will be expanded thereby increasing the student's overall understanding of accounting.

3. Be able to progress to more advanced studies and employ knowledge in 'business' related occupations. Procedures for accomplishing these objectives:

Objectives will be accomplished through a combination of “independent” reading by the student, class discussions of current regulations and trends, and the working and solving of accounting problems. Student requirements for completion of the course:

Homework assignments will include readings, exercise, cases and problems. Credit for this course will be granted only upon completion of all requirements, which include the taking of all scheduled exams, completion of assigned problems, regular attendance at class meetings. Failure to meet these requirements will result in an Incomplete or Failing grade for the course.

Supplemental Reading: Journal of Accountancy, Accounting Review, CPA Journal, New York Times, Wall Street Journal, APB Opinions and FASB Statements.

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WEBSITES: You are advised to use the following websites regularly: WWW.IMANET.ORG

WWW.AICPA.ORG WWW.CPAJ.COM WWW.SEC.GOV

These websites are excellent sources of financial information. NYC COLLEGE OF TECHNOLOGY POLICIES

ACADEMIC INTEGRITY

Students and all others who work with information, ideas, texts, images, music, inventions, and other intellectual property owe their audience and sources accuracy and honesty in using, crediting, and citing sources. As a community of intellectual and professional workers, the College recognizes its responsibility for providing instruction in information literacy and academic integrity, offering models of good practice, and responding vigilantly and appropriately to infractions of academic integrity. Accordingly, academic dishonesty is prohibited in The City University of New York and at New York City College of Technology and is

punishable by penalties, including failing grades, suspension, and expulsion. The complete text of the College policy on Academic Integrity may be found in the catalog.

Cheating:, study aids, including any form of unauthorized communication, in any academic exercise. It is the student’s responsibility to consult with instructors to determine whether or not a study aid or device Defined as intentionally giving, receiving, using or attempting to use unauthorized materials, information, notes may be used.

Plagiarism: Plagiarism is intentionally and knowingly presenting the ideas or works of another as one’s own idea or works in any academic exercise without proper acknowledgement of the source. The purchase and submission of a term paper, essay, or other written assignment to fulfill the requirements of a course, violates section 213-b of the State Education Law. This also applies to the submission of all or substantial portions of the same academic work previously submitted by the student or any other individual for credit at another institution, or in more than one course.

ATTENDANCE POLICY: You are allowed to miss 10% of the scheduled classes without a penalty. Further unexcused absences, tardiness, or failure to be adequately prepared for class will result in a lower grade. EXAMINATIONS:

EXAMS/QUIZZES: Some exams and quizzes will be administered in Blackboard (Bb). Generally, there will be no

make-up exams or quizzes. You will have 60 minutes to complete quizzes and 90 minutes to complete exams. Once you start an exam or quiz, you must complete it as you will only be allowed one attempt to do so.

QUIZ/EXAM COVERAGE FIRST DATE QUIZ/EXAM IS AVAILABLE IN BLACKBOARD

THE DATE QUIZ/EXAM MUST BE COMPLETED

Quiz 1 Chapters 8 & 9: February 19 February 24 at 11:00 pm

Exam 1 Chapters 8 & 9: March 12 March 17 at 11:00 pm

Quiz 2 Chapters 10 & 11: March 19 March 24 at 11:00 pm

Exam 2 Chapters 10, & 11 April 9 In class

Quiz 3 April 30 May 5 at 11:00 pm

Exam 3 Chapters 12, 13 & 14, May 7 May 12 at 11:00 pm Final Chapters 8, 9, 10, 11, 12, 13, and 14: May 21 In class

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Examination GRADING POLICY: GRADING: Exams 1, 2, & 3 = 30% Quizzes = 15% Homework = 15% Final Exam = 40% Total 100% SCALE: 93 – 100 A 90 – 92.9 A- 87 – 89.9 B+ 83 – 86.9 B 80 – 82.9 B- 77 – 79.9 C+ 70 – 76.9 C 60 – 69.9 D 59.9 and below F

PARTICIPATION: Participation consists of the quality of your postings to the Discussion Board and responses to other students postings at least three times per week. I am not looking for lengthy responses. I prefer quality over quantity, so you may post short high quality responses.

TEXT BOOK: INTERMEDIATE ACCOUNTING, CUSTOM EDITION, Kieso, Weygandt & Warfield. Publisher: Willey

COURSE SYLLABUS

CHAPTER 8 – Valuation of Inventories: A Cost-Basis Approach

Overview

Careful attention is given to the inventory account by many business organizations because it represents one of the most significant assets held by the enterprise. Inventories are of particular importance to merchandising and manufacturing companies because they represent the primary source of revenue for the organization. Inventories are also significant because of their impact on both the balance sheet and the income statement. Chapter 8 initiates the discussion of the basic issues involved in recording, classifying, and valuing items classified as inventory.

L.O. 2) Inventory records may be maintained on a perpetual or periodic inventory system basis. A perpetual inventory system provides a means for generating up-to-date records related to inventory quantities. Under this inventory system, data are available at any time relative to the quantity of material or type of merchandise on hand. In a perpetual inventory system, purchases and sales of goods are recorded directly in the Inventory account as they occur. A Cost of Goods Sold account is used to accumulate the issuances

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6 from inventory. The balance in the Inventory account at the end of the year should represent the ending inventory amount.

When the inventory is accounted for on a periodic inventory system, the acquisition of inventory is debited to a Purchases account. Cost of goods sold must be calculated when a periodic inventory system is in use. The computation of cost of goods sold is made by adding beginning inventory to net purchases and then subtracting ending inventory. Ending inventory is determined by a physical count at the end of the year under a periodic inventory system. Even in a perpetual inventory system, a physical inventory count at year-end is normally taken due to the potential for loss, error, or shrinkage of inventory during the year.

Learning Objectives

1. Identify major classifications of inventory.

2. Distinguish between perpetual and periodic inventory systems. 3. Identify the effects of inventory errors on the financial statements. 4. Understand the items to include as inventory cost.

5. Describe and compare the cost flow assumptions used to account for inventories. 6. Explain the significance and use of a LIFO reserve.

7. Understand the effect of LIFO liquidations. 8. Explain the dollar-value LIFO method.

9. Identify the major advantages and disadvantages of LIFO. 10. Understand why companies select given inventory methods.

CHAPTER 9 - Inventories: Additional Valuation Issues

Overview:

We covered most of the principal measurement and reporting issues involving the asset inventory and the corresponding expense cost of goods sold in the previous chapter. In this chapter we complete our discussion of inventory measurement by explaining the lower-of-cost-or-market rule used to value inventories. In addition, we investigate inventory estimation techniques, methods of simplifying LIFO, changes in inventory method, and inventory errors.

(L.O. 1) When the future revenue-producing ability associated with inventory is below its original cost, the inventory should be written down to reflect this loss. Thus, the historical cost principle is abandoned when the future utility of the asset is no longer as great as its original cost. This is known as the lower-of-cost-or-market (LCM) method of valuing inventory and is an accepted accounting practice. When inventory declines in value below its original cost, the inventory should be written down to reflect the loss. This loss of utility in inventory should be charged against revenue in the period in which the loss occurs.

3. The term “market” in lower of cost or market generally refers to the replacement cost of an inventory item. However, market value should not exceed net realizable value (NRV), nor should it be less than net realizable value less a normal markup. These are known as the upper (ceiling) and lower (floor) limits of market, respectively. Market is defined as replacement cost if such cost falls between the upper and lower limits. Should replacement cost be above the upper limit, market would be defined as net realizable value. If replacement cost falls below the lower limit, market is defined as net realizable value less a normal markup.

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Learning Objectives

1.Describe and apply the lower-of-cost-or-market rule.

2.Explain when companies value inventories at net realizable value.

3.Explain when companies use the relative sales value method to value inventories. 4.Discuss accounting issues related to purchase commitments.

5.Determine ending inventory by applying the gross profit method. 6.Determine ending inventory by applying the retail inventory method. 7.Explain how to report and analyze inventory.

*8.Determine ending inventory by applying the LIFO retail methods. *This material is covered in an Appendix to the chapter.

CHAPTER 10 - OOppeerraattiioonnaallAAsssseettss::AAccqquuiissiittiioonnaannddDDiissppoossiittiioon n of Property, Plant, and Equipment

Overview

1. Chapter 10 presents a discussion of the basic accounting problems associated with the incurrence of costs related to property, plant, and equipment; and the accounting methods used to retire or dispose of these costs. These assets, also referred to as fixed assets, are of a durable nature and include land, building structures, and equipment. Fixed assets are an important part of the operations of most business organizations. They provide the major means of support for the production and/or distribution of a company’s product or service.

2. (L.O. 1) Property, plant, and equipment possess certain characteristics that distinguish them from other assets owned by a business enterprise. These characteristics may be expressed as follows: (a) acquired for use in operations and not for resale, (b) long-term in nature and usually depreciated, and (c) possess physical substance. An asset must be used in the normal business operations to be classified as a fixed asset. These assets last for a number of years and their costs must be allocated to the periods which benefit from their use.

3. (L.O. 2) Property, plant and equipment are valued in the accounts by most companies at their historical cost. Historical cost is measured by the cash or cash equivalent price of obtaining the asset and bringing it to the location and condition necessary for its intended use. Thus, charges associated with freight costs and installation are considered a part of the asset’s cost. The process of allocating the historical cost of property, plant, and equipment to the periods benefited by those assets is known as depreciation. The topic of depreciation is presented in Chapter 11.

Learning Objectives

1. Describe property, plant and equipment.

2. Identify the costs to include in initial valuation of property, plant, and equipment. 3. Describe the accounting problems associated with self-constructed assets.

4. Describe the accounting problems associated with interest capitalization. 5. Understand accounting issues related to acquiring and valuing plant assets. 6. Describe the accounting treatment for costs subsequent to acquisition.

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CHAPTER 11 - OPERATIONAL ASSETS Depreciation, Impairments, and Depletion. Overview

Chapter 11 presents a discussion of the factors involved in the accounting and recording of depreciation and depletion and the methods of writing off the cost of tangible assets and natural resources. Depreciation refers to a cost allocation of tangible plant assets. Depletion is the term used to describe the cost allocation related to natural resources such as timber, oil, or coal. Amortization is the term used to describe the expiration of intangible assets. In addition to a thorough discussion of the accounting problems involved, the chapter presents a detailed analysis and explanation of the various depreciation and write off methods used in practice.

Learning Objectives

1. Explain the concept of depreciation.

2. Identify the factors involved in the depreciation process.

3. Compare activity, straight-line, and decreasing-charge methods of depreciation. 4. Explain special depreciation methods.

5. Explain the accounting issues related to asset impairment.

6. Explain the accounting procedures for depletion of natural resources.

7. Explain how to report and analyze property, plant, equipment, and natural resources. CHAPTER 12 – Intangible Assets

Overview

1. Chapter 12 discusses the basic conceptual and reporting issues related to intangible assets. Valuing and Amortizing Intangibles

2. (L.O. 1) The characteristics of intangible assets are: (1) they lack physical existence, and (2) they are not a financial instrument. The most common types of intangibles reported are patents, copyrights, franchises, licenses, trademarks, trade names, and goodwill.

3. (L.O. 2) Cost is the appropriate basis for recording purchased intangible assets. Like tangible assets, cost includes acquisition price and all other expenditures necessary in making the asset ready for its intended use—for example, purchase price, legal fees, and other incidental expenses. When intangibles are acquired for stock or other assets, the cost of the intangible is the fair value of the consideration given or the fair value of the intangible received, whichever is more clearly evident. Costs incurred to create internally-created intangibles are generally expensed as incurred.

Amortization of Intangibles

4. (L.O. 3) Intangibles have either a limited (finite) useful life or an indefinite useful life. An intangible asset with a limited life is amortized; an intangible asset with an indefinite life is not amortized.

Limited-Life Intangibles

5. The expiration of intangible assets is called amortization. Limited-life intangibles should be amortized by systematic charges to expense over their useful life. The useful life should reflect the periods over which these assets will contribute to cash flows.

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6. The amount of amortization expense for a limited-life intangible asset should reflect the pattern in which the asset is consumed or used up, if that pattern can be readily determined. If not, the straight-line method of amortization should be used. When intangible assets are amortized the charges should be shown as expenses, and the credits should be made either to the appropriate asset accounts or to separate accumulated amortization accounts. The amount of an intangible asset to be amortized should be its cost less residual value.

Indefinite-Life Intangibles

7. If no legal, regulatory, contractual, competitive, or other factors limit the useful life of an intangible asset, the useful life is considered indefinite. An intangible with an indefinite life is not amortized, instead it is tested for impairment.

LEARNING OBJECTIVES

1. Describe the characteristics of intangible assets.

2. Identify the costs to include in the initial valuation of intangible assets. 3. Explain the procedure for amortizing intangible assets.

4. Describe the types of intangible assets.

5. Explain the conceptual issues related to goodwill.

6. Describe the accounting procedures for recording goodwill.

7. Explain the accounting issues related to intangible-asset impairments. 8. Identify the conceptual issues related to research and development costs. 9. Describe the accounting for research and development and similar costs. 10. Indicate the presentation of intangible assets and related items.

*11. Understand the accounting treatment for computer software costs. *This material is covered in an Appendix to the chapter.

CHAPTER 13 – Current Liabilities and Contingencies

Overview

Chapter 13 presents a discussion of the nature and measurement of items classified on the balance sheet as current liabilities. Attention is focused on the mechanics involved in recording current liabilities and financial statement disclosure requirements. Also included is a discussion concerning the identification and reporting of contingent liabilities.

Current Liabilities

2. (L.O. 1) In general, liabilities involve future disbursements of assets or services. According to the FASB, a liability has three essential characteristics: (a) it is a present obligation that entails settlement by probable future transfer or use of cash, goods, or services; (b) it is an unavoidable obligation; and (c) the transaction or other event creating the obligation has already occurred. Liabilities are classified on the balance sheet as current obligations or long-term obligations. Current liabilities are those obligations whose liquidation is

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10 reasonably expected to require use of existing resources properly classified as current assets or the creation of other current liabilities.

3. The relationship between current assets and current liabilities is an important factor in the analysis of a company’s financial condition. Thus, the definition of current liabilities for a particular industry will depend upon the time period (operating cycle or one year, whichever is longer) used in defining current assets in that industry.

1. Describe the nature, type and valuation of current liabilities.

2. Explain the classification issues of short-term debt expected to be refinanced. 3. Identify types of employee-related liabilities.

4. Identify the criteria used to account for and disclose gain and loss contingencies. 5. Explain the accounting for different types of loss contingencies.

6. Indicate how to present and analyze liabilities and contingencies.

CHAPTER 14 - Long-Term Liabilities

Overview

Chapter 14 presents a discussion of the issues related to long-term liabilities. Long-term debt consists of probable future sacrifices of economic benefits. These sacrifices are payable in the future, normally beyond one year or operating cycle, whichever is longer. Coverage in this chapter includes bonds payable, long-term notes payable, mortgage notes payable, and issues related to extinguishment of debt. The accounting and disclosure issues related to long-term liabilities include a great deal of detail due to the potentially complicated nature of debt instruments.

1. Describe the formal procedures associated with issuing long-term debt. 2. Identify various types of bond issues.

3. Describe the accounting valuation for bonds at date of issuance. 4. Apply the methods of bond discount and premium amortization. 5. Describe the accounting for the extinguishment of debt.

6. Explain the accounting for long-term notes payable.

7. Explain the reporting of off-balance-sheet financing arrangements. 8. Indicate how to present and analyze long-term debt.

*9. Describe the accounting for a debt restructuring. *This material is covered in an Appendix to the chapter.

COURSE COVERAGE

WEEK DATE REQUIRED READING IN-CLASS ASSIGNM ONLINE GRADED ASSIGNMENTS

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01/29/2013 In-class:

Course Orientation.

Chapter 8: Valuation of Inventories

Introduction

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Chapter 8: Valuation of Inventories. Review Chapter 8 PowerPoint Presentation

E: 8-1, 8-2 Due: 02/17/2013

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02/05/2013 In-class: Chapter 8: Valuation of Inventories. BE 8 -2, 8-5, E: 8-7 Online: Chapter 8: Valuation of Inventories.

Review Chapter 8 PowerPoint Presentation

Assignment 2

BE: 8-1, 8-2, 8-5, 8-6, 8-13 E: 8-3, 8-4, 8-6

Due: 02/24/2013 Check the solutions for Assignment 1 questions

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02/14/2013 In-class: Chapter 8: Valuation of Inventories. BE: 8-8

E: 8-2, 8-14, 8-23, 8-25

Online: Chapter 8: Valuation of Inventories. Assignment 3

E: 8-3, 8-6, 8-8, 8-15, 8-26 Due: 03/03/2013

Check the solutions for Assignment 2 questions

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02/19/2013 In-Class: Chapter 9 Inventories: Additional Valuation Issues

E: 9-1; 9-2 Online:

Review Chapter 9 PowerPoint presentation

Assignment 4 BE: 9-2 E: 9-3,

P: 9-4, 9-7, 9-11 (a) Due: 3/10/2013

Check the solutions for Assignment 3 questions 5 02/26/2013 E:9-12, 9-11, & 9-20 Online: Chapter 9 Inventories: Additional

Valuation Issues

Assignment 5 E: 9-19, 9-27 P:9-10

Due: 03/17/2013

Check the solutions for Assignment 4 questions 6 03/05/2013 In-class: Chapter 10 OOppeerraattiioonnaallAAsssseettss:: A AccqquuiissiittiioonnaannddDDiissppoossiittiioonn of Property, Plant, and Equipment

E: 10-1, 10-3,

Online: Chapter 10 OOppeerraattiioonnaallAAsssseettss::

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AccqquuiissiittiioonnaannddDDiissppoossiittiioonn of Property, Plant, and Equipment

Assignment 6 E:10-2, P:10-1, 10-2 Due: 03/24/2013

Check the solutions for Assignment 5 questions 7 03/12/2013 In-class: Chapter 10 OOppeerraattiioonnaallAAsssseettss:: A AccqquuiissiittiioonnaannddDDiissppoossiittiioonn of Property, Plant, and Equipment

E: 10-17, 10-19

Online: Chapter 10 OOppeerraattiioonnaallAAsssseettss::

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AccqquuiissiittiioonnaannddDDiissppoossiittiioonn of Property, Plant, and Equipment

Assignment 7

E:10-18, 10-19, 10-20, 10-23 P:10-10

Due: 04/14/2013

Check the solutions for Assignment 7 questions

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8

and Depletion

Online: Chapter 11 Depreciation, Impairments and Depletion

Assignment 8 E: 11-1, 11-6 P: 11-1

Due: 04/21/2013

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04/09/2013 In-class: Chapter 11 Depreciation, Impairments and Depletion

E: 11-12, 11-16

Online: Chapter 11 Depreciation, Impairments and Depletion

Assignment 9 E: 11-12, 11-17 P: 11-2

Due: 04/28/2013

Check the solutions for Assignment 8 questions 10 4/16/2013 In class Exam 11

4/23/2013 In-class: Chapter 12 Intangible Assets BE:12-5, 12-6 E: 12-1 Online: Chapter 12 Intangible Assets

Assignment 10 BE: 12-8 E: 12-2

Due: 05/12/2013

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04/30/2013 In-Class: Chapter 13 Current Liabilities and Contingencies

BE: 13-2, 13-3, 13-5, 13-6, 13-7 E: 13-1; 7-3, 7-4 Online: Chapter 13 Current Liabilities and

Contingencies

Assignment 11

E: 13-1, 13-2, 13-8, 13-16 P: 13-4

Due: 05/12/2013

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05/07/2013 In-Class: Chapter 13 Current Liabilities and Contingencies

BE: 13-2, 13-3, 13-5, 13-6, 13-7 E: 13-1; 7-3, 7-4 Online: Chapter 13 Current Liabilities and

Contingencies

Assignment 13

E: 13-1, 13-2, 13-8, 13-16 P: 13-4

Due: 05/19/2013

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05/14/2013 In-class: Chapter 14: Current Liabilities and Contingencies

Review chapters 8 through 14

BE: 13-14, E: 13-18 BE: 14-1, 14-2 14-4

E: 14-5 Online: Chapter 14: Long-Term Liabilities

Review Chapter 14 PowerPoint presentation Review chapters 8 through 14

Assignment 14 E: 14-1, 14-4, 14-10 Due: 05/19/2013

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15 05/21/2013 Final Exam Covering chapters 8 through 14 Questions; BE = Brief Exercises; E = Exercises; P = Problems