UNIVERSITY OF MANITOBA Alex McMullen I. H. Asper School of Business

UNIVERSITY OF MANITOBA
I. H. Asper School of Business
Department of Accounting and Finance
Alex McMullen
357 Drake Centre
E-mail: [email protected]
204-474-9230
Office Hours: M/W 2:15-3:15
or by appointment
ACC 2020 – Intermediate Accounting - Equities
Fall 2013
A01 Monday and Wednesday 1:00 pm – 2:15pm
Assigned Material
1)
Keiso,D.J. Weygandt, T.Warfield, N. Young and I. Wiecek, Intermediate Accounting
(10th Canadian edition) volume 2, 2013, John Wiley & Son Canada, Ltd. packaged with
Kieso/Intermediate Accounting, 10th edition, volume 2, WileyPLUS Registration Code
(available through the Campus Bookstore).
2)
Canadian Institute of Chartered Accountants, CICA Handbook (see Appendix)
Objectives of the Course
This course is the second of a two- part series in Intermediate Financial Accounting. The course focuses
predominantly on the equities (liabilities and shareholders’ equity) side of the balance sheet. This is a
demanding course, designed to give you a thorough understanding of the framework, concepts and
techniques of accounting that you will need to proceed with upper level courses in financial accounting.
At the conclusion of this course you will be expected to:



Understand financial accounting concepts and generally accepted accounting principles (GAAP),
as they apply to the topics covered in the course
Develop professional judgement in analyzing accounting issues and recommending accounting
policies; and
Develop skills to allow you to apply accounting standards to situations and problems.
Course Website
Various materials for the course are available on Desire 2 Learn. To access the course website, going to
www.umanitoba.ca/d2l will take you to the desire to learn home page. Log into Desire2learn using your
UMnetID account. Once you are at your Desire2learn page, click on the course title.
If you do not yet have a UMNetID account, go to the U of M home page, click on “current students” and
go to Claim ID in the “Online Services” section. That will take you through the University’s claimid
procedure.
If you have not already done so, you should set your D2L profile to forward mail to the email address you
use most often. That way, course announcements will be sent to that email address.
Mark Allocation
Midterm
WileyPLUS Online
Final Examination
Friday Oct 18 6pm-8pm room 122
Cumulative exam TBA
35%
10%
55%
End of Chapter Questions:
The WileyPlus Online work is NOT sufficient preparation for this course. This course outline
also includes a list of suggested chapter questions that should to be done at the end of each
chapter. These questions are designed to allow students to review lecture material and to practice
applying knowledge of each subject area.
Students may benefit from working on questions with a study partner or in a small group. This
will help ensure completeness of your individual responses. Questions will not be handed in for
grading. Solutions will be made available to students for all questions. It is each student’s
responsibility to check their own responses against solutions in detail and to identify areas where
improvement is necessary. Any persistent difficulties should be discussed with the instructor.
WileyPLUS Online Assignments
WileyPLUS assignments are mandatory. There are questions for each of the chapters that we are
covering. You will receive full credit as long as you achieve a score of 70% or better on the
assignment. Questions can be re-done without penalty.
Examinations:
Students must not have in their possession at the time of writing any examination in this course:
textbooks, dictionaries, translators, cell phones, PDAs, additional notes, formula sheets, or other
extraneous material designed to supplement their own knowledge of course material. Each
student will be allowed to bring calculators (without text storage capability), pens, pencils and
erasers. You must bring your student ID card to the exam. Pencil cases, back packs, purses and
bags are not permitted in the exam room. Students in violation of these requirements wll be
charged with academic dishonesty.
Students who miss either of the mid-term examinations for legitimate reasons (medical
compassionate, or university sports team travel) will have the weight put on the final exam. In all
cases of absence the instructor should be advised with 7 days of the examination date and receive
suitable documentation.
Students who miss the final examination must apply to the Undergraduate Program Office, Room
268 Drake, for possible deferred examination privileges.
Any requests for re-reads of a mid-term examination must be made in writing within 5 working
days of the class when it was returned.
Course Conduct
Students are expected to complete the text reading and review assigned homework problems prior to
class. You should bring your textbook to class with you so you can see the question in front of you:
generally, most students are not able to see the question on the projector screens well. Students are
expected to behave in a courteous and professional manner in all dealings with both their fellow students
and the professor both in and outside of class. Students who exhibit behaviours that detract from the
quality of the class (e.g., regularly arriving late or leaving early, talking to classmates during class,
answering cell phones, obviously reading material unrelated to the class, listening to ipods) may be asked
to correct their behaviour, move to another seat, or be asked to leave the classroom.
Academic Integrity
The faculty rules for academic integrity are appended to this document, and should be read carefully.
Penalties vary with circumstances, but the typical penalty for a first time offence includes an F in the
course with a notation on the transcript and being barred from taking any courses in the I.H. Asper School
of Business for a period of six to eight months.
APPENDIX – The CICA Handbook on the University of Manitoba Libraries Website
The CICA Handbook is available in electronic format on the University of Manitoba Libraries website.
To access the Handbook:
From the University of Manitoba homepage (umanitoba.ca), click “Libraries.”
Under “One Stop Search” enter “CICA Standards & Guidance Collection.”
Click on “CICA Standards & Guidance Collection.”
If you are accessing the Handbook from off campus you will then have to enter your Library ID
and PIN and click on Login.
5. On the Knotia.ca page, click on “CICA Standard & Guidance Collection (CICAHB).”
6. The most efficient way to access a particular section in the Handbook is to enter the section
number in the “Fetch” box on the top right-hand corner of the screen and click on Go.
1.
2.
3.
4.
The CICA Handbook subscription is provided by the Institute of Chartered Accountants of Manitoba.
ACC 2020 TENTATIVE TIMETABLE
Problems to do on your own
Date
Topic
Assigned Readings
1
Sept 9
Course Outline,
Review of Financial Reporting in
Canada, Non-Financial and Current
Liabilities
Chapter 13
2
3
Sept 11
Sept 16
Non-Financial and Current Liabilities
Chapter 13
E:13-1,13-3,13-4,13-9,13-17,13-22 (omit 1(b)),13-26
P:13-1,13-4,13-7,13-9,13-13,13-14
WA:13-1 part 1,13-2
4
5
6
Sept 18
Sept 23
Sept 25
Long-Term Financial Liabilities
Chapter 14
E:14-3,14-4,14-6,14-15,14-16,14-20,14-22,14-23,1424,14-27,14-28,14-30
P:14-3,14-6,14-15
7
8
9
Sept 30
Oct 2
Oct 7
Leases
WileyPLUS Assign#1 due at 11:59
pm (Chapters 13,14, 20)
Chapter 20
Appendix 20A
E:20-2,20-3,20-4,20-6,20-9,20-12,20-13,20-14,2016,20-17,20-18,20-22,20-23,20-24,20-25
P:20-5,20-13,20-16,20-23
10
Oct 9
Income Taxes
Chapter 18
Appendix 18A
E:18-3,18-9,18-10,18-11,18-12,18-13,18-15,1818,18-20,18-22,18-23,18-26,18-28
P:18-1,18-3,18-6
N/
A
11
Oct 14
Thanksgiving Day – no classes
Oct 16
Income Taxes
N/
A
12
13
Oct 18
Midterm Exam – Room 122 6pm-8pm (inclusive of day1-11)
Oct 21
Oct 23
Shareholders’ Equity
Chapter 15
Appendix 15A
E:15-2,15-3,15-6,15-8,15-10,15-14,15-17
P:15-1,15-3,15-6,15-13
CA:15-2, RA:15-5
14
15
Oct 28
Oct 30
Complex Financial Instruments
Chapter 16
pp1038-1057
Appendix 16B
BE:16-6,16-7,16-9,16-15
E:16-10,16-11,16-12,16-13,16-16,16-21,16-23
P:16-5,16-6, WA:16-5, CA:16-3
16
17
Nov 4
Nov 6
Chapter 17
E:17-3,17-4,17-7,17-9,17-12,17-13,17-14,17-16
P:17-4,17-6, WA:17-2, CA:17-1, RA:17-3
N/
A
18
19
Nov 11
Earnings per Share
WileyPLUS Assign#2 due at 11:59
pm (Chapters 18,15,16,17)
Remembrance Day - no classes
Nov 13
Nov 18
Pensions
E:19-5,19-6S,19-9,19-10 (omit(b)),19-11S, 19-12,1918,19-21
P:19-3S,19-6(omit(e)),19-8
WA:19-3
20
21
Nov 20
Nov 25
Accounting Changes and Error
Analysis
Ch 19 (omit pp 1261-1262)
Appendix 19A
Ch19 Supplement AcSB
Exposure Draft “Employee
Future Benefits”
Chapter 21
Appendix 21A
22
23
Nov 27
Dec 2
Statement of Cash Flows
WileyPLUS Assign#3 due at 11:59
pm (Chapters 19,21,22)
Chapter 22
E:22-1,22-5(a),22-6.22-12,22-17,22-4(a)
P:22-4(a),22-5,22-6,22-8(a),22-10(a)+(b), 22-13(a),
WA:22-3, CA:22-1
24
Dec 4
Unallocated
TBA
Final Comprehensive Examination – location TBA
Chapter 18
Appendix 18A
BE:21-7(omit3),21-8
E:21-1,21-3,21-11,21-14,21-17(a)
P:21-2,21-9, WA:21-3, IC:21-2, RA:21-2
Academic Integrity
It is critical to the reputation of the I. H. Asper School of Business and of our degrees that
everyone associated with our faculty behaves with the highest academic integrity. As the faculty
that helps create business and government leaders, we have a special obligation to ensure that our
ethical standards are beyond reproach. Any dishonesty in our academic transactions violates this
trust. The University of Manitoba Undergraduate Calendar addresses the issue of academic
dishonesty under the heading “Plagiarism and Cheating.” Specifically, acts of academic
dishonesty include, but are not limited to:
 using the exact words of a published or unpublished author without quotation marks and
without referencing the source of these words
 duplicating a table, graph or diagram, in whole or in part, without referencing the source
 paraphrasing the conceptual framework, research design, interpretation, or any other
ideas of another person, whether written or verbal (e.g., personal communications, ideas
from a verbal presentation) without referencing the source
 copying the answers of another student in any test, examination, or take-home assignment
 providing answers to another student in any test, examination, or take-home assignment
 taking any unauthorized materials into an examination or term test (crib notes)
 impersonating another student or allowing another person to impersonate oneself for the
purpose of submitting academic work or writing any test or examination
 stealing or mutilating library materials
 accessing tests prior to the time and date of the sitting
 changing name or answer(s) on a test after that test has been graded and returned
 submitting the same paper or portions thereof for more than one assignment, without
discussions with the instructors involved.
Group Projects and Group Work
Many courses in the I. H. Asper School of Business require group projects. Students should be
aware that group projects are subject to the same rules regarding academic dishonesty. Because
of the unique nature of group projects, all group members should exercise special care to insure
that the group project does not violate the policy on Academic Integrity. Should a violation
occur, group members are jointly accountable unless the violation can be attributed to a specific
individual(s).
Some courses, while not requiring group projects, encourage students to work together in groups
(or at least do not prohibit it) before submitting individual assignments. Students are encouraged
to discuss this issue as it relates to academic integrity with their instructor to avoid violating this
policy.
In the I. H. Asper School of Business, all suspected cases of academic dishonesty are passed to
the Dean’s office in order to ensure consistency of treatment.
UNIVERSITY OF MANITOBA
I. H. Asper School of Business
Medical Absenteeism Form
Student Identification: (please print clearly)
______________________________
Last Name
___________________ ___________ _______________________________
First Name
Middle Initial U of M Student Identification Number
I hereby authorize ________________________________ to verify with the attending physician or his/her
(Name of Instructor/Administrator)
staff or colleagues that the contents of this form are true.
________________________________________
Student’s Signature
_______________________________________
Date
To be completed by the attending physician: (after the above section is completed)
________________________________________
______________________________ ________________
Physician’s Last Name (please print clearly)
Physician’s First Name
Middle Initial
___________________________________________
Street Address
________________________________ __________________
City, Province
Postal Code
___________________________________________
Telephone Number
_________________________________
Fax Number
To the attention of the physician: Your evaluation of the student’s condition is being used for the purpose of
determining whether or not the student has a valid reason to miss an important exam or assignment. Your
professional evaluation is necessary to ensure that only valid cases are excused.
I certify that the nature of the student’s condition is severe enough to prevent the student from taking an
exam or completing an assignment. If requested, my associates or I will verify for the above-named
instructor/administrator that this information is accurate.
The student’s condition will likely span the following dates:
____________________________
(indicate start date)
until ____________________________
(indicate end date)
___________________________________
_________________________________
Physician’s Signature
Date
Notes to physician:
 Please make a note in the student/patient’s file indicating that the student has given the above-named
instructor/administrator permission to verify with you, your staff, or your colleagues, that the information
contained on this form is correct. Thank you for your professional evaluation of this student’s condition.
 PLEASE ATTACH THIS FORM TO YOUR REGULAR OFFICE STATIONERY THAT
INDICATES THE STUDENT VISITED YOUR OFFICE.
Note to student:
 The use of this form is at the option of the student. However, in order to obtain an
excused absence for an assignment or exam, the student must obtain a doctor’s
certification that the student’s condition is severe enough to prevent the student from
taking the exam or completing the assignment.
• It is NOT SUFFICIENT to provide a note that only indicates the student visited the
doctor’s office.