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, solvency, operatonal capacity, disclosure, and reporting.  The course improves accounting skills and depth including reasoning, problem solving, and analytical abilities.  In addition we will use the Internet and spreadsheets.  Also writing skills and ethical reasoning techniques will be utilized.

The prerequisite course is Intermediate  Accounting I (Business 355)

Robert K. Foss                                                           Office hours: 12-1 MWF
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.

Internet resources:

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

"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:

Unit tests cannot be made up. However, if you are going to be unable to attend the test session, you may take the test the day before the scheduled time. You will receive a zero for any test missed.  If you turn in your homework in advance for classes missed, you will receive credit if work is collected.

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
All unit tests	300
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!!!!