This course consists of one half of intermediate financial accounting. It includes an intensive and detailed coverage of financial accounting topics: conceptual framework and objectives of financial reporting, accounting process, balance sheet, income statement, statement of cash flows, revenue and expense recognition and liquid assets. The course improves accounting skills and depth including reasoning, problem solving, and analytical abilities. In addition we will use the Internet, spreadsheets, and the Financial Accounting Research System (FARS). Also writing skills and ethical reasoning techniques will be utilized.

The prerequisite course is Principles of Accounting II (Accounting 156)

Robert K. Foss                                                           Office hours: M/W/F 12-1
Main 201D, Phone 3486, e-mail bfoss@cord.edu

I am also available at other hours.  Make an apointment or you might want to just stop by
my office.   If I am not in my office when you come in, leave a note with your name
and phone number and I will get back to you.  Also, you might want to communicate
via e-mail.

Kieso, Weygandt, Warfield, Intermediate Accounting, 11th. Ed.
Wallace, Mastery of the Financial Accountng Research System (FARS) Through Cases

Internet resources:
 

Company Reports	Excel Help
Intermediate Accounting (Kieso) Web Site	Check Figures
FARS WEb Site	3M 2001  Annual Report

"It is expected of both faculty and students that they act with academic honesty and integrity." See the General Catalog and Student Handbook for further details.

Pop quizzes will be used in this course. To encourage thorough learning by regular practice and class attendance, the following policies will apply:
 
 

Grading will be done on the basis of total points earned in the class. Cutoff levels for each grade will be determined for each of the components. Those will then be summed to obtain total final cutoff levels for the entire course. The cutoff levels will be announced during the course. Class participation and attendance will be a determining factor when grades lie between two grading categories, e.g. -- a student's grade lies between C+ and B-.

TOTAL POSSIBLE POINTS:
 

Pop quizzzes/homework	100
FARS and other items	100
All unit tests	200
Final  examination	100
TOTAL POINTS POSSIBLE	500

Keep all graded papers until final grades are received. All exams are secure exams and must be returned to the instructor before leaving the classroom: these papers will be kept until one month after the end of the semester. If you are concerned about your grade at any time, feel free to talk to me at your convenience.

Prepare for each class by studying the reading material which is assigned, or implied by the written assignment. Class time will be used to improve your mastery of material which you have studied and which you want help in understanding.

Test your mastery of the reading material my making a serious effort to complete all parts of each assignment. Budget your time for completion of assignments. I will give you the suggested time required to complete assignments.

Prepare for each class by identifying specific points or general areas where you need help.

You will want to understand how to solve a problem and also why it is solved this way. Accountants must act as well as think. The text gives equal emphasis to how and to why.

Attend every class and do not get behind. Help is available so be sure and use it. Good luck!!!!