ACCOUNTING 300A: INTERMEDIATE ACCOUNTING

1. INSTRUCTOR: OFFICE HOURS:

Dr. Xuan Huang TuTh: 9-10 AM
E-mail: xuan.huang@csulb.edu and by appointment.
Phone: (562) 985–2756 Office: CBA-402

2. COURSE DESCRIPTION:

This course is about corporate financial reporting – the form and content of the
mandatory financial information disclosed by the firms to the external parties (e.g.,
shareholders). This course is designed to provide the student with an understanding of
the underlying measurement concepts and the valuation and measurement rules for assets,
liabilities and owners’ equity, as laid down in GAAP.

The Financial Accounting Standards Board (FASB) and the International

Accounting Standards Board (IASB) are working on convergence project to produce
unified set of high-quality accounting standards. As the U.S. adopts the new
International Financial Reporting Standards (IFRS), some areas of reporting may
significantly change. Throughout the course, we will discuss international accounting
standard treatment of various topics, especially where differences in US GAAP and IFRS
are substantial.

3. PREREQUISITES:

ACCT 201 or an equivalent course with a grade of “C” or better.

4. TEXT, READING MATERIAL AND RESOURCES:

1. Text: Intermediate Accounting 17th edition vol. 1, by Kieso,

Weygandt and Warfield – published by Wiley. Recommend
that you buy a single book of both volumes.
2. www.wileyplus.com: Click on STUDENTS tab and select
California State University–Long Beach, and register for your
section of 300A listed on the web site.
3. Lecture notes will be posted on BeachBoard.

5. CLASS STRUCTURE/ATTENDANCE AND PARTICIPATION:

We all know that it is to your benefit to attend class regularly, be well prepared,
focus, and act professionally. However I want to reward you with points if you do.
Your regular attendance and participation is a sign of the effort you are putting into
this class, and I believe you should earn some points for it. I will track attendance
and participation using Kahoot! on your internet-enabled device. Please make sure

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to set up Kahoot! (see kahoot.it) on your device. If you do not have an internet-enabled
device (laptop, tablet, smartphone, etc.), please let me know immediately. Your
Attendance and Participation grade will be based on your Kahoot! participation, not
the number of points you accumulate in Kahoot!.

Read the textbook prior to each new chapter. Students forming impromptu
teams will solve assignments & problems in class. In this class, students are active
participants. Participation in class does not mean “good” answers but more of thoughtful
questions, helping focus complicated ideas, suggesting reasonable alternatives and being
willing to try out new ideas. This is a 4-unit course that meets four hours every week. It is
recommended that at least two hours of quality study time on your own for every hour
spent in class per week is applied to this course but the rule of thumb depends on the
individual student’s aptitude for accounting. Some students will have to devote more time
to this course than other students.

Students must give prior notice of excused absences as far in advance as possible.
As per the University Attendance Policy, excused absences include (1) Illness or injury
to the student, (2) Death, injury or serious illness of an immediate family member or the
like, (3) Religious reasons (California education code 89320), (4) Jury duty or
government obligation, and (5) University sanctioned or approved activities (examples
include athletic championships, research conference, artistic performances etc.)

6. CLASSROOM ETIQUETTES:

Use of cell phones and other communication (texting) devices is prohibited in the
class room. Each instance of the use of these devices or disruption caused by buzzing or
ringing of these devices will result in an automatic one point reduction in your class
participation grade.

7. HOMEWORK:

There will be an online homework assignment each week due by 9:00 am on the
due date (indicated in the attached course schedule) based on materials covered during
the previous week. There will be a total of 10 online assignments-all of them available on
WileyPLUS®. You must use WileyPLUS® to work on the homework. You have five tries
for each homework; your final entry will be recorded and graded. LATE
HOMEWORK WILL NOT BE ACCEPTED.

8. QUIZZES & EXAMINATIONS:

There will be a total of five short quizzes, two mid-term examinations and a final
examination during the entire semester. The dates for quizzes and the examinations are
indicated in the attached course schedule. All quizzes and midterms will be closed books
and closed-notes. All quizzes will be online (WileyPLUS®). For all exams, you are

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responsible for bringing Scranton Form No. 882–E (green), No. 2 pencil and calculator.
Use of Cell phone calculators is prohibited for all quizzes and examinations. Makeup
quizzes or examinations will be given ONLY for a legitimate excused absence.

9. GRADING:

The course grade will be based on the final score determined by assigning
following weights to various measures of your performance:

Homework Assignments 10.0

Midterm Examination 1 20.0
Midterm Examination 2 20.0
Quizzes 15.0
Class Participation 5.0
Final Examination 30.0 .
Overall Score 100.0%

The letter grade for the class will be assigned as per the following scale:
Overall Score (%) Letter grade
90-100 A
80-89.99 B
70-79.99 C
10. ACADEMIC INTEGRITY:
60-69.99 D
Below 60 F
All the requirements of the CSU-
Long Beach Code of Academic Integrity apply. In the context of homework
assignments, discussions of approaches to solving any homework problem are
appropriate. However, when it comes to online or physical submission of the homework
assignment, it should be done solely by you.

11. UNIVERSITY WITHDRAWAL POLICY:

It is the student’s responsibility to withdraw from classes. Instructors have no

obligations to withdraw students who do not attend courses. Withdrawal from a course
after the first two weeks of instruction requires the signature of the instructor and the
department chair, and is permissible only for “serious and compelling reasons”. Please
check the schedule of classes for the deadline to withdraw from classes.

12. STUDENTS WITH DISABILITIES

The Bob Murphy Access Center (BMAC) provides certification for students with
disabilities and helps arrange relevant accommodations: Bob Murphy Access Center.
Any student requesting academic accommodations based on a disability is strongly
encouraged to register with Disabled Student Services (BMAC) each semester. A letter of
verification for approved accommodations can be obtained from BMAC. Please be sure

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to provide your instructor with BMAC verification of accommodations as early in the

semester as possible.  The phone number for BMAC is (562) 985 5401. The email
address is: bmac@csulb.edu.

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Course Schedule1

Week Date * CHAPTER/TOPICS Date * CHAPTER/TOPICS

1 27-Aug  CH-1 &2 Overview & Conceptual Framework 29-Aug  CH-3 Overview of Accounting Cycle & Recording Transactions
2 3- Sep  CH-3 Adjusting Entries 5-Sep  CH-3 Closing Entries
3 10-Sep  Ch-3 Accounting Cycle 12-Sep H(Ch3) CH-4 Single & Multi-step Income Statement & Irregular Items
H(Ch4)
4 17-Sep  CH-4 Single & Multi-step Income Statement & Irregular Items 19-Sep Q(Ch3,4) Catch up & Review

26-
5 24-Sep CH. 1-4 EXAMINATION – I  CH-5 Overview of Examination & Ch5
Sep
6 1-Oct  CH-5 Balance Sheet & Statement of Cash Flows 3-Oct H(Ch5) CH-6 Present Value Concepts & Overview
H(Ch6)
7 8-Oct  CH-6 Additional Accounting Applications 10-Oct Q(Ch5,6)
CH-7 Cash and Receivables

8 15-Oct  CH-7 Accounts Receivable 17-Oct H(Ch7) CH-8 Inventories

H(Ch8)
9 22-Oct  CH-8 Inventories 24-Oct Q(Ch7,8) Catch up & Review

10 29-Oct CH. 5-8 EXAMINATION – II 31-Oct  CH-9 Overview of Examination & CH-9
11 5-Nov  CH-9 Inventories-Additional Valuation Issues 7-Nov H(Ch9) CH-10 PP&E
H(Ch10)
12 12-Nov  CH-10 PP&E 14-Nov Q(Ch9,10)
CH-11 Depreciation Methods & Group Depreciation

21-
13 19-Nov  CH-11 Impairment & Depletion H(Ch11) CH-12 Intangible Assets
Nov
14 26-Nov Personal Day/ No class  28-Nov Thanksgiving/No class 
H(Ch12)
15 3-Dec Q(Ch11,12)
Catch up & Final review 5-Dec Catch up & Final review
10:15 -
16 10-Dec No class  (Last Day of Classes is Monday, December 9) 12-Dec FINAL EXAMINATION (COMPREHENSIVE)
12:15PM

The instructor reserves the right to add or reduce materials covered based on progress made in class and feedback from students.
Legend (*):
Q – Quiz day.
H – Homework is due.
 – NO Homework is due, and NO quiz will be administered in the meeting.

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