ACCT 322

Financial Reporting & Analysis II

Spring 2008

Professor: Ralph Hooper

Course Description: Financial Reporting & Analysis II. This is a continuation of a course in financial accounting and reporting. The role of financial accounting is to communicate information that supports business decision-making. Without understanding how decision makers use accounting information, it is difficult to fully understand financial accounting issues or, more importantly, to critically evaluate accounting method alternatives. Keep this perspective in mind as you study each topic. To assist you, each chapter has one or more sections entitled “Decision Makers’ Perspective” which offer insights into how the information discussed in the chapters affects decisions made by investors, creditors, managers, and others. Also, avoid memorizing. A true understanding of how a particular procedure is applied demands a clear understanding of why it is applied. As you learn procedures presented in the text, be sure to make sure you understand why those procedures applied.

Prerequisites: ACCT 321.

Required Textbook: Spiceland, Sepe, and Tomassini, INTERMEDIATE ACCOUNTING, McGraw-Hill/Irwin, 4/e, 2007. ISBN# 978-0-07-299402-5.

Course Website: http://highered.mcgraw-hill.com/sites/0072994029/information_center_view0/

Office Hours: Monday-Wednesday- Friday, 10:00 a.m. – 11:00 a.m. (Room 127).

Tuesday and Thursday, 10:20 a.m. – noon (Room 127).

Email: ralph.hooper@vcsu.edu Phone: 845-7520

Grading: Your grade this semester will be based on the total points you earn. Students who may be concerned about their grade need to put in the time and effort during the semester. There will be no extra projects or credit at the end of the semester for extra points to raise your letter grade no matter how close a student is to that next highest letter grade. Students will be assigned to groups for purposes of completing the 16 assignments. Each group will turn in one assignment with the names of all group members who contributed to completion of the assignment.

Attendance	50 points
Assignments (16 @ 25)	400 points
Exam 1 (Chapters 10-11)	100 points
Exam 2 (Chapters 12-13)	100 points
Exam 3 (Chapters 14-15)	100 points
Exam 4 (Chapters 18-19)	100 points
Total Points	850 points

Attendance and Class Participation: Students are expected to attend class and be prepared to actively participate in class and within their groups.

Ability/Skill Level: The relevant ability for this class is Problem Solving and the skill and level are Problem Recognition/Level 4.

Portfolio Project: There is no project in this class that qualifies for inclusion in the student portfolio required for graduation.

Warning: Be sure to read each chapter before we discuss it in class. The average student workload is two hours of work per week outside of class for every hour we meet in the classroom. Therefore, expect to spend six (6) hours per week on this course outside of class.

Assignments: All assignments and exams will be done in class. The assignments are group projects but the exams are not group projects. The exams must be done independently without assistance from other students. Seeking assistance from and/or providing assistance to other students on the exams is cheating.

Deadlines: You will encounter deadlines for the rest of your working life. Therefore, there will be established deadlines for submitting assignments and exams. So plan and organize your time, and pay attention to the deadlines. If you anticipate missing class, communicate with your group members so you can contribute to completion of the assignments even though you may not be physically present in class on a particular day.