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393700: Intermediate Accounting Theory and Practice
MGMT-X 120C

  • Fall 2023
  • Section 1
  • 4 Credits
  • 09/26/2023 to 12/05/2023
  • Modified 09/22/2023

Meeting Times

Tuesdays 6:00pm to 9:00pm....................Lecture

Office Hour - By appointment

Description

This is the third course in the three-course Intermediate Accounting sequence. MGMT X 120C covers such complex accounting issues as accounting for investments, revenue recognition, pension plans, leases, accounting for income taxes, accounting changes, preparation of the statements of cash flows, and an overview of financial statement analysis. Transferable for UC credit.

Objectives

STUDENT LEARNING OBJECTIVES

 

OBJ 1

 

Heavy

Technical, Conceptual, Problem-Solving Knowledge

Students will expand their critical thinking and problem solving skills learned in introductory and intermediate accounting courses. 

OBJ 2

 

Heavy

Research, Analysis, and Critical Thinking

Students will use academic/professional literature to build their knowledge of and analyze complexities of business internal and external accounting requirements.

OBJ 3

 

Medium

Ethical Decision Making

Students will apply ethical principles and professional standards in decision making.

OBJ 4

 

Heavy

Communication

Students will continue to strengthen their ability to communicate ideas clearly and strategically, after considering the relevant audience, situation and purpose of the communication.

OBJ 5

 

Heavy

Leadership, Collaboration, and Professionalism

Students will demonstrate leadership skills and the ability to work cooperatively and productively to accomplish established goals.

Outcomes

The Learning outcomes of the course include the following:

  • By the end of this course, students will develop capabilities to identify and articulate current external financial reporting problems and issues, concentrating on operating, financing, and investing activities of business organizations by solving problems and analyzing transactions.
  • By the end of this course, students will be able to use accounting information, including the underlying rules required to prepare and report this information by using the FASB Codification and other authoritative sources (SEC), to analyze, guide and support a position taken on complex accounting cases.
  • By the end of this course, students will be able to analyze accounting information from the perspective of its various users (stakeholders) such as equity investors, creditors, company management and auditors, by preparing written and oral presentations based on information presented in cases, SEC Filings, articles discussing emerging accounting issues.
  • By the end of this course, students will be able to identify and describe differences between the various forms of business combinations by preparing business combinations worksheets resulting in the preparation of consolidated financial statements.
  • By the end of this course, students will be able to recognize and explain differences between U.S. and International Financial Reporting Standards (IFRS) by using the FASB Codification, other U.S. authoritative sources to compare, identify and articulate areas of convergence and disagreement with IFRS.

Materials

Intermediate Financial Accounting

  • Author: Kieso Weygandt
  • Publisher: Wiley
  • Edition: 18th
  • ISBN: 978-1-119-77889-9

Required

 

RECOMMENDED READINGS: Wall Street Journal; Los Angeles Times (Business section)

Deliverables

Course Procedures

The electronic weeks begin on Monday with weekly deliverables due on Sunday and Monday by 11:59pm.

 

Each week

I will upload all instructions, assignments, topics and questions for discussion, my comments, and a description of the week's activities each respective module. Please check here for current information on the week's activities and assignments.

I will upload lecture materials for the chapter(s) covered during the week. Each week the questions for discussion are designed to explore the content of the class and develop your collaborative skills in the class meeting. You will upload your problem assignments via the Submit Assignments Panel in Canvas.

 

 

Evaluation

1000 points possible for all course components

Criteria

 

Grades are assigned based on four major independent measures of learner competency:

 
 
Discussion Participation 270 points  

30 points for each weekly discussion (30 *9) = 270 points
 
Weekly Assignments 210 points  

30 points (30 points * 7 weeks) = 210 points
 
Mid-Term Exam 260 points    
 
Final Exam 260 points

Breakdown

Resulting grade and related performance levels
Grade Range Notes
A 90 to 100

900 points to 1000 points
B <90 to 80

800 points to 899 points
C <80 to 70

700 points to 799 points
D <70 to 60

600 points to 699 points
F Less than 60

0 points to 599 points

Institutional Policies

Student Conduct

Students are subject to disciplinary action for several types of misconduct or attempted misconduct, including but not limited to academic dishonesty, such as cheating, multiple submission, plagiarism, or knowingly furnishing false information to the University; or behavioral misconduct, such as theft or misuse of the intellectual property of others, harassment, or disruption of the learning environment.

All published and unpublished material, whether in manuscript, printed or electronic form, is covered under this definition and includes the use of material generated wholly or in part through the use of artificial intelligence (except when the use of AI has received prior authorization for assessment as a reasonable accommodation for a student’s disability, or when the use of AI is a specified part of the coursework, e.g. data science or user experience). Students are encouraged to familiarize themselves with the Student Rights & Responsibilities Policy and to report concerns.

Services for Students with Disabilities

In accordance with the Americans with Disabilities Act of 1990, UCLA Extension provides appropriate accommodations and support services to qualified applicants and students with disabilities. These include, but are not limited to, auxiliary aids/services such as sign language interpreters, assistive listening devices for hearing-impaired individuals, extended time for and proctoring of exams, and registration assistance. Accommodations and types of support services vary and are specifically designed to meet the disability-related needs of each student based on current, verifiable medical documentation. Arrangements for auxiliary aids/services are available only through UCLA Extension’s Service for Students with Disabilities Office at (310) 825-7851 or by email at [email protected]. For complete information, please visit Accessibility and Disability Services.

Incompletes

The interim grade Incomplete (I) may be approved for a student who has completed the majority of the course requirements, with passing quality (grade C or higher), but is unable to complete a small portion of the coursework by the course end date for good cause. For courses in which an Incomplete may be allowed, approval by the instructor of record and the academic program director is required. The Incomplete grade is not an option for courses that do not bear credit, such as 700, 800, or 900-level courses.

  • It is the student’s responsibility to petition for an Incomplete by emailing the appropriate academic program department at least one week before the end of the course. The Program Department will initiate the petition process once the email is received.
  • The student, the instructor, the CE/Program Director, and the program staff must complete the petition prior to the final course meeting or before the quarter end date. This process can take up to one week to complete. 
  • The instructor will approve or deny the request. The instructor will provide details on what the student needs to accomplish in order to complete the course, as well as a due date for submitting completed work. The due date cannot exceed the end of the ensuing quarter when a final grade must be reported or the Incomplete lapses to the grade “F,” “NP,” or “U.” Visit UCLA Extension Grading Scale for more information.  

An Incomplete allows the student to complete only work that is outstanding and does not allow prior completed work to be retaken or resubmitted.

All Grades are Final

No change of grade may be made by anyone other than the instructor, and then, only to correct clerical errors. No term grade except Incomplete may be revised by re-examination. The correction of a clerical error may be authorized only by the instructor of record communicating directly with personnel of Student and Alumni Services.

Sexual Harassment

The University of California is committed to creating and maintaining a community where all individuals who participate in University programs and activities can work and learn together in an atmosphere free of harassment, exploitation, or intimidation. Every member of the community should be aware that the University prohibits sexual harassment and sexual violence, and that such behavior violates both law and University policy. The University will respond promptly and effectively to reports of sexual harassment and sexual violence, and will take appropriate action to prevent, to correct, and when necessary, to discipline behavior that violates our policy.

All Extension students and instructors who believe they have been sexually harassed are encouraged to contact the Department of Student and Alumni Services for complaint resolution: UCLA Extension, 1145 Gayley Ave., Los Angeles, CA 90024; Voice/TTY: (310) 825-7031. For more information, please view the University’s full Policy on Sexual Harassment and Sexual Violence.

Additional Items

Protecting Privacy and Data During Live Instruction

Live meeting sessions for this class, when applicable, are being conducted over Zoom. As the host, the instructor may be recording live sessions. Only the host has the ability to record meetings, no recording by other means is permitted. Recorded sessions will be posted in the Videos area of this class unless otherwise notified. Due to privacy, recordings are not available for download and are only accessible via Canvas for the duration of the class. If you have privacy concerns and do not wish to appear in the recording, do not turn on your video and/or audio. If you also prefer to use a pseudonym instead of your name, please let the instructor know what name you will be using so that the instructor knows who you are during the session. To rename yourself during a Zoom meeting, click on Participants, click on your name, click on More, click on Rename. If you would like to ask a question, you may do so privately through the Zoom chat by addressing your chat question to the instructor only (and not to ""everyone""). Additionally, chat may be used and moderated for live questions, and saving of chats is enabled. If you have questions or concerns about this, please contact the instructor via Canvas Inbox.

Pursuant to the terms of the agreement between Zoom and UCLA Extension, the data is used solely for this purpose and Zoom is prohibited from re-disclosing this information. UCLA Extension also does not use the data for any other purpose. Recordings will be deleted when no longer necessary. However, recordings may become part of an administrative disciplinary record if misconduct occurs during a video conference.

Course and Instructor Evaluation

UCLA Extension values your feedback on course and instructor evaluations. We ask all students to take a few minutes to complete an end-of-course evaluation survey. Updates to the course and instruction are influenced by your feedback. Understanding your student experience is essential to ensure continuing excellence in the online classroom and is appreciated by your instructor and the UCLA Extension academic leadership.

Your participation in a survey is voluntary, and your responses are confidential. After instructors submit grades, they will be given an evaluation report, but this report will not contain your name.

About Your Online Course Materials

Please note the following about online course components at UCLA Extension:

  • Students must have basic computer skills, including the use of word processing software, email, and the ability to use internet browsers, such as Safari, Firefox, or Chrome.
  • Students are responsible for meeting the technical requirements of Canvas and familiarizing themselves with the Canvas Learning Management System.
  • Students are responsible for keeping a copy of all assignments and work submitted, and to be aware of all assignments, due dates, and course guidelines.
  • Students have access to courses via Canvas for an additional 30 calendar days after the course end date listed in the syllabus (the first 14 days are full access; the rest are read-only).
  • Students are encouraged to download/print content throughout the duration of the course and before the additional 30-day access ends. No further access is possible after the course becomes unavailable.

    To download all your assignment submissions in Canvas, please refer to the online support guide. for more information or contact Canvas Support via the help menu within Canvas.

UCLA Extension Canvas and Learning Support

For immediate 24/7 Canvas technical support, including holidays, click on Help (located on the menu to the left) where you can call or chat live with a Canvas Support representative.

UCLA Extension Academic Technology and Learning Innovation
The UCLA Extension Learning Support staff assists both students and instructors with Canvas-related technical support, as well as general and administrative questions.

Learning Support staff is available Monday through Friday, from 8 AM to 9 PM (Pacific Time), except holidays:

Campus Safety Escorts

For students taking classes held on the UCLA campus and in and around Westwood Village, the UCLA Police Department provides a free walking escort service every day of the year from dusk until 1 a.m. Community Service Officers (CSOs) are available to walk students, faculty, staff members and visitors to and from anywhere on campus, in Westwood Village, and in the village apartments. CSOs are uniformed students who have received special training and are employed by the UCLA Police Department. To obtain an escort, please call (310) 794-9255 and allow 15 to 20 minutes for your escort to arrive. For complete information, see UCLA Evening Escorts.

Schedule

WEEK:  

Weekly Activities -

Refer to Modules to confirm WRITTEN WORK and  related DUE DATES

Week One:

LECTURE: Tuesday, Sep 26; 6:00pm - 9:00pm

Office Hours : By Appointment

INVESTMENTS:

1.      Investments in Debt Securities

2.      Investments in Equity Securities

3.      Additional Measurement Issues

4.      Reclassifications and Transfers

REVENUE RECOGNITION:

1.      Guidelines for Revenue Recognition

2.      Revenue Recognition at the Point of Sale

3.      Revenue Recognition before Point of Sale

4.      Revenue Recognition after Delivery

 

Biographical Introductions -

 

 

Introduction to the Course

Read: Chapter 17: Accounting for Investments.

 

 

 

 

 

Read: Chapter 18:  Revenue Recognition Expanded

Week Two

LECTURE: Tuesday, Oct. 3, 6:00pm - 9:00pm

Office Hours: By Appointment

REVENUE RECOGNITION cont'd

1.      Guidelines for Revenue Recognition

2.      Revenue Recognition at the Point of Sale

3.      Revenue Recognition before Point of Sale

4.      Revenue Recognition after Delivery

FUNDAMENTALS OF ACCOUNTING FOR INCOME TAXES:

-Permanent vs Temporary Differences

2.    Accounting for Net Operating Losses

-Carryback Carryforward rules

3.      Financial Statement Presentation

4.      Review Asset/Liability Method

Read: Chapter 19:  Accounting for Income Taxes

WEEK THREE

LECTURE: Tuesday, Oct. 10; 6:00pm - 9:00pm

Office Hours: By Appointment

FUNDAMENTALS OF ACCOUNTING FOR INCOME TAXES: cont'd:

-Permanent vs Temporary Differences

2.    Accounting for Net Operating Losses

-Carryback Carryforward rules

3.      Financial Statement Presentation

4.      Review Asset/Liability Method

ACCOUNTING FOR PENSIONS & POST RETIREMENT BENEFITS

1.      Defined Benefit Plans

2.      Defined Contribution Plans

3.      Accounting for Pensions

4.      Using a Pension Worksheet

5.      Reporting Pension Plans in Financial Statements

Read: Chapter 20:  Accounting for Pensions and Post Retirement Benefits

Week Four 

LECTURE: Tuesday, Oct 17; 6:00pm - 9:00pm

Office Hours: By Appointment

ACCOUNTING FOR PENSIONS & POST RETIREMENT BENEFITS, cont'd:

  Accounting for Post- Retirement Benefits

Read:  Chapter 20:  Accounting for Pensions and Post-Retirement Benefits, continued.

LECTURE: Tuesday, Week Five: Oct 24: 6:00pm - 9:00pm. 

MIDTERM EXAMINATION

Mid term Examination

Chapters 17 - 18

Week Six

LECTURE: Tuesday, Oct 31; 6:00pm - 9:00pm                 

Office Hours: By Appointment                         

ACCOUNTING FOR LEASES                              1.      Leasing Environment

2.      Accounting by Lessee

3.      Accounting by Lessor

4.      Special Lease Accounting Problems

Read:  Chapter 21:  Accounting for Leases

Week Seven

LECTURE: Tuesday, Nov 7; 6:00pm - 9:00pm

Office Hours: By Appointment

ACCOUNTING FOR LEASES, cont'd                  1.      Leasing Environment

2.      Accounting by Lessee

3.      Accounting by Lessor

4.      Special Lease Accounting Problems

 

ACCOUNTING CHANGES & ERROR ANALYSIS:

1.      Changes in Accounting Principles

2.      Changes in Accounting Estimates

5.      Changes in Entity

6.      Accounting Errors

 

Week Eight

LECTURE: Tuesday, Nov. 14; 6:00pm - 9:00pm

Office Hours: By Appointment

ACCOUNTING CHANGES & ERROR ANALYSIS, cont'd:

PREPARATION & INTERPRETATION OF THE STATEMENT OF CASH FLOWS

1.      Components of the Cash Flow Statement

2.      Indirect vs Direct methods

3.      Special Problems in Statement :

 

 

Read:  Chapter 22:

Accounting Changes and Error Analysis

 

 

 

 

 

 

Week Nine

LECTURE: Tuesday, Nov. 21; 6:00pm - 9:00pm

Office Hours: By Appointment

FULL DICLOSURE IN FINANCIAL REPORTING:

1.      Full Disclosure Principle

2.      Notes to Financial Statements

3.      Disclosure Issues

4.      Current Reporting Issues

 

Read:  Chapter 24: 

Full Disclosure in Financial Reporting

Week Ten

LECTURE: Tuesday, Nov. 28; 6:00pm - 9:00pm

Office Hours: By Appointment

OPEN

 

Week Eleven

LECTURE: Tuesday Dec 5; 6:00pm - 9:00pm

Office Hours: By Appointment

FINAL EXAMINATION - Due Date TBD

 

 

 

 

 

 

Week 1 Chapter 17: After completing this chapter,

 

  1. Identify the three categories of debt securities and describe the accounting and reporting treatment for each category.

 

2.  Understand the procedures for discount and premium amortization on bond investments.

 

  1. Identify the categories of equity securities and describe the accounting and reporting treatment for each category.

 

4 Explain the equity method of accounting and compare it to the fair value method for equity securities.

 

  1. Describe the accounting for the fair value option and for impairments of debt and equity investments.

 

  1. Describe the reporting of reclassification adjustments and the accounting for transfers between categories.

 

STUDENT ACTIONS:

  1. PowerPoint Download the Chapter 17 PowerPoint presentation and read through them. Practice the Journal Entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.

   2. Textbook Reading Assignment:  Chapter 17.

    3. Discussion Posts Prepare your posts by the end of day on Saturday. Respond to the posts of two other learners by the end of the class week

     4. Practice Questions (Ungraded) Take the practice Questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.

  1. Textbook Problems (Ungraded) Complete Chapter 17 Exercises 7, 8, 9, 10, 16 and Problems 2, 3, and 6. The answers are posted and these are meant for you to practice. These are in WileyPLUS and are set up for three attempts before the answers are revealed.

  7. Textbook Problems â€“ (Graded) Submit Problems as required in your modules.

____________________________________________________________

Week 2: Chapter Eighteen: After completing this chapter

  1. Describe and apply the revenue recognition principle.
  1. Â Describe accounting issues for revenue recognition at point of sale.
  1. Apply the percentage-of-completion method for long-term contracts.
  1. Apply the completed-contract method for long-term contracts.
  1. Identify the proper accounting for losses on long-term contracts.
  1. Describe the installment-sales method of accounting.
  1. Explain the cost-recovery method of accounting

Learner Actions

  1. PowerPoint Download the Chapter 18 PowerPoint presentation. Practice the Journal Entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.
  1. Textbook Read Chapter 18.
  2. Discussion Posts Prepare your posts by the end of day on Saturday. Respond to the posts of two other learners by the end of the class week (Tuesday).
  1. Practice Questions (Ungraded). Take the practice questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  1. Textbook Problems (Ungraded) Complete Chapter 18 Exercises 1, 3, 4, 7, 13, 17, and Problems 2, 4, and 8. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  1. Textbook Problems – (Graded) Submit Problems as required in your modules.

____________________________________________________________

Week 3:  Chapter Nineteen: After completing this chapter,

  1. Identify differences between pretax financial income and taxable income.
  1. Describe a temporary difference that results in future taxable amounts.

  Describe a temporary difference that results in future deductible amounts.

  1. Explain the purpose of a deferred tax asset valuation allowance.
  1. Describe the presentation of income tax expense in the income statement.
  1. Describe various temporary and permanent differences.
  1. Explain the effect of various tax rates and tax rate changes on deferred income taxes.
  1. Apply accounting procedures for a loss carryback and a loss carryforward.
  1. Describe the presentation of deferred income taxes in financial statements.
  1. Indicate the basic principles of the asset liability method.

Learner Actions

  1. PowerPoint Download the Chapter 19 PowerPoint presentation. Practice the Journal entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.
  2. Textbook Read Chapter 19.
  3. Discussion Posts Prepare your posts by the end of day on Thursday. Respond to the posts of two other learners by the end of the class week (Tuesday).
  4. Practice Questions (Ungraded) Take the practice Questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  1. Textbook Problems (Ungraded) Complete Chapter 19 Exercises 1, 4, 6, 9, 16, 17, and Problems 3, 6, and 9. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  2. Textbook Problems (Graded) Submit Problems as required in your modules.

____________________________________________________________

Week 4: Chapter Twenty: After completing this chapter, you should be able to

  1. Distinguish between accounting for the employer's pension plan and accounting for the pension fund.
  2. Identify types of pension plans and their characteristics.
  3. Explain alternative measures for valuing the pension obligation.
  4. List the components of pension expense.
  5. Use a worksheet for employer's pension plan entries.
  6. Describe the amortization of prior service costs.
  7. Explain the accounting for unexpected gains and losses.
  8. Explain the corridor approach to amortizing gains and losses.
  9. Describe the requirements for reporting pension plans in financial statements.

 Learner Actions

  1. PowerPoint Download the Chapter 20 PowerPoint presentation. Practice the Journal entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.
  2. Textbook Read Chapter 20.
  3. Discussion Posts Prepare your posts by the end of day on Thursday. Respond to the posts of two other learners by the end of the class week (Tuesday).
  1. Practice Questions (Ungraded).  Take the practice Questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  1. Textbook Problems (Ungraded) Complete Chapter 20 Exercises 1, 3, 5, 6, 9, 12 and Problems 3 and 4. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  2. Textbook Problems (Graded) Submit Problems as required in your modules.

____________________________________________________________

Week 5:  Exam 1

Learner Actions

  1. Review Chapters 17, 18, 19, & 20. Do lots of exercises, problems, etc.
  2. Print out slides, notes or other materials to have available during the exam as needed.
  3. Take the exam.
  4. Discussion Posts: Prepare your posts by the end of day on Thursday. Respond to the posts of two other learners by the end of the class week (Tuesday).

____________________________________________________________

Week 6: Chapter Twenty One: After completing this chapter, you should be able to 

  1. Explain the nature, economic substance, and advantages of lease transactions.
  1.  Describe the accounting criteria and procedures for capitalizing leases by the lessee.
  1.  Contrast the operating and capitalization methods of recording leases.
  1.  Explain the advantages and economics of leasing to lessors and identify the classifications of leases for the lessor.
  1.  Describe the lessor’s accounting for direct-financing leases.
  1.  Identify special features of lease arrangements that cause unique accounting problems.
  1.  Describe the effect of residual values, guaranteed and unguaranteed, on lease accounting.
  1.  Describe the lessor’s accounting for sales-type leases.
  1.  List the disclosure requirements for leases.

Learner Actions:

  1. PowerPoint Download the Chapter 21 PowerPoint presentation. Practice the Journal entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.
  2. Textbook Read Chapter 21.
  3. Discussion Posts:  Prepare your posts by the end of day on Thursday. Respond to the posts of two other learners by the end of the class week (Tuesday).
  4. Practice Exams (Ungraded).  Take the practice Questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  5. Textbook Problems (Ungraded) Complete Chapter 21 Exercises 1, 2, 3, 5, 8, 14 and Problems 1, 5, and 10. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  6. Textbook Problems (Graded) Submit Problems as required in your modules.

____________________________________________________________________

Week 7: Chapter Twenty-Two: After completing this chapter, you should be able

  1.  Identify the types of accounting changes.
  2.  Describe the accounting for changes in accounting principles.
  3.  Understand how to account for retrospective accounting changes.
  4.  Understand how to account for impracticable changes.
  5.  Describe the accounting for changes in estimates.
  6.  Identify changes in a reporting entity.
  7.  Describe the accounting for correction of errors.
  8.  Identify economic motives for changing accounting methods.
  9.  Analyze the effect of errors.

Learner Actions

  1. PowerPoint Download and print the Chapter 22 PowerPoint presentation. Practice the Journal Entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.
  1. Textbook Read Chapter 22.
  2. Discussion Posts Prepare your posts by the end of day on Thursday. Respond to the posts of two other learners by the end of the class week (Tuesday).
  1. Practice Questions (Ungraded).  Take the practice Questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  2. Textbook Problems (Ungraded) Complete Chapter 22 Exercises 1, 2, 3, 4, 5, 9, 10, 11, 12, 13, 14, 15, 16, 19, and Problems 2, 6, 8, 9,. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  3. Textbook Problems (Graded) Submit Problems as required in your modules.

__________________________________________________________

Week 8: Chapter Twenty-Three: After completing this chapter, you should be able to

  1.  Describe the purpose of the statement of cash flows.
  2.  Identify the major classifications of cash flows.
  3.  Prepare a statement of cash flows.
  4.  Differentiate between net income and net cash flow from operating activities.
  5.  Determine net cash flows from investing and financing activities.
  6.  Identify sources of information for a statement of cash flows.
  7.  Contrast the direct and indirect methods of calculating net cash flow from operating activities.
  8.  Discuss special problems in preparing a statement of cash flows.
  9.  Explain the use of a worksheet in preparing a statement of cash flows

Learner Actions

  1. 1. PowerPoint Download the Chapter 23 PowerPoint presentation. Practice the Journal entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.
  2. Textbook Read Chapter 23.
  3. Discussion Posts: Â Prepare your posts by the end of day on Thursday. Respond to the posts of two other learners by the end of the class week (Tuesday).
  4. Practice Exams (Ungraded):  Take the practice Questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  5. Textbook Problems (Ungraded): Complete Chapter 23 Exercises 1, 2, 7, 8, 13, 15 and Problems 2 and 8. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  6. Textbook Problems (Graded) Submit Problems as required in your modules.

____________________________________________________________

 

Week 9: Chapter Twenty-Four: After completing this chapter, you should be able to

  1.  Review the full disclosure principle and describe implementation problems.
  2.  Explain the use of notes in financial statement preparation.
  3.  Discuss the disclosure requirements for related party transactions, post-balance-sheet events, and major business segments.
  4.  Describe the accounting problems associated with interim reporting.
  5.  Identify the major disclosures in the auditor’s report.
  6.  Understand management’s responsibilities for financials.
  7.  Identify issues related to financial forecasts and projections.
  8.  Describe the profession’s response to fraudulent financial reporting.

Learner Actions

  1. PowerPoint: Download the Chapter 24 PowerPoint presentation. Practice the Journal entries, Balance Sheet, Income Statement and Cash Flow Statement impacts.
  2. Textbook: Read Chapter 24.
  3. Discussion Posts:  Prepare your posts by the end of day on Saturday. Respond to the posts of two other learners by the end of the class week (Tuesday).
  4. Practice Questions (Ungraded): Take the practice Questions and research the questions you missed. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  5. Textbook Problems (Ungraded): Complete Chapter 24: Exercises 1, 4, 8, 10, 16 and Problems 2 and 7. These are in WileyPLUS and are set up for three attempts before the answers are revealed.
  6. Textbook Problems (Graded) Submit Problems as required in your modules.

____________________________________________________________

Week 10: 

Learner Actions

  1. Review Chapters 21, 22, 23 & 24
  2. Print out slides, notes or other materials to have available during the exam as needed.
  3. Review past materials for concepts that affect current topics.
  4. Take the exam.

Week 11 - FINAL EXAMINATION