COURSE SYLLABUS

***************************************************************************** *YEAR COURSE OFFERED: 2011 SEMESTER COURSE OFFERED: DEPARTMENT: COURSE NUMBER: NAME OF COURSE: NAME OF INSTRUCTOR: FALL

ACCOUNTANCY AND TAXATION ACCT 3366 FINANCIAL REPORTING FRAMEWORKS Kathleen Harris / Office: Melcher Hall 360-G E-Mail: kharris317@aol.com / Phone: 713-899-9508 Office Hours: M/W 9:30 to 10:00 & T/Th 1:00 to 4:00

***************************************************************************** *The information contained in this class syllabus is subject to change without

notice. Students are expected to be aware of any additional course policies presented by the instructor during the course.
***************************************************************************** *

Learning Objectives
This course will utilize a hands on approach for the recording and reporting of economic transactions. This course will provide students with a thorough understanding of the accounting process and its application and introduce students to audit, tax and GAAP and IFRS standard setting processes. Prerequisites: ACCT 2231 and ACCT2232 (or concurrent enrollment in ACCT2332) Mission of the Department of Accountancy and Taxation Prepare accounting graduates for leadership roles in the accounting profession; Conduct research that advances the body of accounting knowledge, and inevitably has implications on accounting practice; Perform service that leads to the efficient and effective practice of accounting. Objectives of the Department of Accountancy and Taxation Prepare its undergraduate students for graduate education or productive careers by establishing the foundations for life-long learning; Prepare its master-level students for positions of leadership in the accounting profession; Prepare its doctoral students for successful careers in accounting education and research; Develop innovative and effective instructional methods that stimulate accounting learning; Provide significant intellectual contributions in basic and applied accounting scholarship; Provide significant service and leadership to the accounting profession, the College of Business, the University, and to both professional and academic organizations. Page 1 of 9

COURSE SYLLABUS
Major Assignments/Exams
COURSE GRADING: Your grade will be determined as set forth below.

Letter grade will be a percentage of total points as follows after curve if applicable: 90 - 100 % A 80 - 89% B 70 79% C 60 69% D Below 60% F The determination of the final grade will be as follows: Exercises/Homework/Quizzes Project 1 Project 2 EXAM I EXAM II EXAM III TOTAL POINTS * * Approximate points, total number of points can change. Points 40 30 30 100 100 100 400

Some portions of the projects/exercises/homework may be worked in class. Homework will be assigned in class and will be required to be submitted within one week of the assignment. Late projects/exercises/homework/quizzes will not be accepted. No points will be awarded for copied answers. There are TWO Course Projects as explained later herein due October 24 and November 28. The examination dates are as follows (Exam 3 covers Chapters 3 thru 6): Exam 1 Exam 2 Exam 3 10 am to 12 Noon 10 am to 12 Noon 10 am to 1 pm Saturday, Sept. 17 Saturday, Oct. 29 Saturday, Dec. 3 Room: TBD Room: TBD Room: TBD

Examinations must be taken at the scheduled time. Examinations may be missed only under extraordinary circumstances which must be approved by the instructor prior to the examination. Lack of preparation or multiple examinations on the same day are not acceptable excuses for missing an exam. If you are unable to take the exam for medical reasons you must obtain a signed medical excuse from a Medical Doctor (MD) prior to or on the day of the exam and there will be no exceptions (the medical excuse must be signed by the MD). The signed medical excuse must contain the address and phone number of the MD so that the excuse can be verified. An alternative time for the examination will be allowed for University-Approved Conflicts (such as military duty, religious holy days, and participation in an intercollegiate sport). Students with disabilities who need special accommodations are requested to contact the Center for Students with Disabilities (Phone: 713-743-5400). Page 2 of 9

COURSE SYLLABUS
Acceptable Calculator for Exams: A simple calculator that adds, subtracts, multiplies, and divides is all that is needed for the exams. Calculators that perform ONLY addition, subtraction, multiplication, and division (as well as additional keys for %, square root, M+, and M-) will be allowed. ANY CALCULATOR WITH MORE FUNCTIONS THAN THESE WILL NOT BE ALLOWED DURING THE EXAMS. Calculators and other electronic devices (cell phones, handheld computers, etc.) capable of storing and/or transmitting text and programming formulas are strictly prohibited in examinations. In addition, your calculator must not be capable of performing financial functions (e.g., present value, future value). It is the students responsibility to bring an acceptable calculator to the exam. Please inquire prior to the examination date whether your calculator meets these specifications if you have any doubt. Policy on Incomplete (I) Grades The University of Houston regulations for assigning incomplete grades state: "The grade of I (incomplete) is a conditional and temporary grade given when students are passing a course, but for reasons beyond their control, have not completed a relatively small part of all requirements." (Emphasis added) Reasons for a student being unable to complete a course are due to: "Health, Accident, Injury, or Family Tragedy" A student who wants to try to improve their course grade, or avoid scholastic probation, or avoid loss of scholarship grants, or a student who needs to retake the course but wants to avoid paying tuition etc., WILL NOT be given an incomplete grade. Withdrawal and Course Enrollment Restrictions Please refer to the university academic calendar at www.uh.edu/academics/catalog/general/academic_calendar.html for important dates for this semester. If you withdraw from the class by the drop deadline, we will assign a W (withdraw passing) regardless of your performance on the exams. Academic Honesty: The University of Houston Academic Honesty Policy is strictly enforced by the C. T. Bauer College of Business. No violations of this policy will be tolerated in this course. The policy is included in the University of Houston Student Handbook, http://www.uh.edu/dos/hdbk/acad/achonpol.html. Students are expected to be familiar with this policy. Students that violate the UH Academic Honesty Policy in this course will receive an F.

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COURSE SYLLABUS
Accommodations for Students with Disabilities: The C. T. Bauer College of Business would like to help students who have disabilities achieve their highest potential. To this end, in order to receive academic accommodations, students must register with the Center for Students with Disabilities (CSD) (telephone 713-743-5400), and present approved accommodation documentation to their instructors in a timely manner. Attendance and Participation This course is one of the more challenging college/university level accounting courses. To increase your success as a student you should: read the chapter and review the class power points before the chapter is covered in class; attend class; make sure your understand problems worked out in class; complete all of the exercises and problems listed in this course syllabus (at a minimum) and complete the assignments on WileyPlus. Teaching Assistants (TA) will be available (for questions and to assist you with the activities to increase your success) in the accounting lab (Room 133 Melcher Hall). TA hours will be announced in class. Classroom attendance & participation is expected and necessary in order to learn the accounting principles and related knowledge taught in this course. Materials will be presented in class that you are responsible for and will be included on the exams that will not be posted on Blackboard. If you do not attend class and do not complete the exercises and problems as set forth in this Course Syllabus you will not be successful in this course! Work Schedules: Do not enroll in this course if the class times conflict with your work schedule. We will not adapt the course in any way to fit any work schedules.

Required Reading
Textbook: ISBN: Projects Kieso, Weygandt and Warfield, Intermediate Accounting, 14th Edition/with Wiley-plus 9781118088296 Perdisco- see information provided below

In addition to the textbook, information and some demonstration and homework problems (as well as relevant solutions) will be provided on Blackboard which is an integral part of this course. We will also use the accompanying textbook software WileyPlus the URL website will be provided in class. A good study plan for this course might be to become familiar with the textbook chapters and the extensive material on Blackboard immediately before and after the first class introducing that course. Then as you continue reading and digesting the topic material start and continue working as many of the suggested homework problems and assignments as you are able to complete. There will be weekly assignments for the majority of the course time period.

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COURSE SYLLABUS
Class Coverage CH. CHAPTER TITLE 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL 2 ACCOUNTING 3 THE ACCOUNTING INFORMATION SYSTEM 4 INCOME STATEMENT AND RELATED INFORMATION 5 BALANCE SHEET AND STATEMENT OF CASH FLOWS 6 ACCOUNTING AND THE TIME VALUE OF MONEY SUPP Transaction Processing Project SUPP Introduction to Audit SUPP Introduction to Tax Other accounting topics (personal financial statements, entity legal SUPP structure) Peachtre e Automated Accounting System Project SUPP IFRS AND US GAAP SUPP Special Journals and Subsidiary Journals Perdisco online practice sets Students are required to purchase and complete two online practice set activities that will count towards the overall assessment grade for this unit. Project 1: Manual Online Practice Set (Due October 24, 2011) This online practice set is designed to provide students with practical experience in manual accounting, through the completion of a one month accounting cycle for a fictional business. Project 2: Peachtree Practice Set (Due November 28, 2011) This online practice set provides students with practical experience in accounting with the Peachtree by Sage Complete Accounting software, also through the completion of a one month accounting cycle for a fictional business. About the practice sets Both activities provide each student with a unique accounting scenario and therefore must be completed on an individual basis. Each activity will take up to 19-20 study hours to complete, over many days or weeks, so you should ensure you leave yourself enough time to complete these activities before their submission deadline. Submission is to be completed online; however it is possible to print each page of the practice set to work on it offline. Once each page has been submitted, you will be provided with immediate feedback on your performance. How to purchase Both practice sets (including the Peachtree software necessary for the second project) are available from within your Perdisco account. Payment can be made using a Visa or MasterCard credit card or by check.

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COURSE SYLLABUS
To register a Perdisco account and purchase the practice sets, follow the instructions provided at www.perdisco.com/peachtreeLogin

Other Course Policies and Information

Important Dates: Wednesday September 7, 2011 -- LAST DAY TO DROP WITHOUT RECEIVING A GRADE AND WITHOUT HOURS COUNTING TOWARDS ENROLLMENT CAP. Wednesday November 2, 2011 -- LAST DAY TO DROP OR WITHDRAW WITH A W. PLEASE DO NOT WAIT UNTIL THE LAST MOMENT TO DROP. Class E-Mails: Students are responsible for checking their personal UH e-mail account and messages for class related communications. There have been instances where students have gone on-line and processed a change to have their UH e-mails forwarded to a personal e-mail account (Yahoo, Hotmail, etc.) and the messages are not being forwarded particularly for Hotmail accounts. This is not a UH issue it is an issue within the Hotmail server(s) so you need to check your UH e-mail for messages instead of your personal e-mail accounts that you are having your UH emails forwarded to. Evaluations The CBA has a policy that requires all of its instructors to be evaluated by their students. The results of these evaluations are important to provide feedback to instructors on how their performance can be improved. In addition, these evaluations are carefully considered in promotion, salary adjustment and other important decisions. We openly encourage students to provide feedback to the instructors and to the CBA through the evaluation process.

List of Discussion/Lecture Topics See next two pages.

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COURSE SYLLABUS
Fall 2011
DAYS -M/W 22-Aug 24-Aug 29-Aug

Fina ncial
DAYS -T/Th 23-Aug 25-Aug 30-Aug

Reporting Framework
TOPIC INTRODUCTION - Review of Syllabus & Homework Assignments INTRODUCTION - Special & Subsidiary Journals Reading Assignment Special Journals & Discuss Project 1 Textbook Chapter 1

Course 3366
READING AND STUDY Week 1 Powerpoint (PPT) Week 1-2 Powerpoint (PPT) Special Journals PPT Chapter 1 PPT ASSIGNMENTS & HOMEWORK Homework (HW) 1 Assigned HW 1 Due HW 2 Assigned HW 3 Assigned & HW 2 Due Lucky Exercise Discuss WileyPlus (WP-1) Assigned HW 4 Assigned & HW 3 Due Lucky Exercise HW 4 Due / WP2-1 & WP2-2 Assigned WP-1 Due WP2-1 & WP2-2 Due / WP3-1 Assigned Discuss Project 1 / WP3-2 Assigned

31-Aug 5-Sep 7-Sep 12-Sep 14-Sep 17-Sep 19-Sep 21-Sep 26-Sep 28-Sep 3-Oct 5-Oct

1-Sep 6-Sep 8-Sep Textbook Chapter 2 PPT 13-Sep 15-Sep 17-Sep 20-Sep 22-Sep 27-Sep 29-Sep 29-Sep 4-Oct 6-Oct Discuss Exam 1 & Textbook Chapter 3 Textbook Chapter 3 Textbook Chapter 3 Textbook Chapter 3 Project 1 Meeting Textbook Chapter 3 Chapter 4 & Excel Worksheet Changes & Determining Current Review Special Journals & Journal Entries EXAM 1 - Saturday 10 to 12 Chapter 2 Textbook (TB) Brief Exercises and Exercises Exam 1 Review Chat Room 7 to 9 PM Friday Chapter 3 PPT Chapter 3 Textbook (TB) Brief Exercises and Exercises Chapter 3 Exercises & Problems Chapter 3 Textbook Problems 1:30 to 5:30 Discuss Project 1 Chapter 4 PPT LABOR DAY NO CLASS Textbook Chapter 2 Chapter 2 PPT

WP 3-1 Due / WP3-3 Assigned WP3-2 Due /WP3-4 Assigned Location to be Determined WP3-3 Due /WP4-1 Assigned WP3-4 Due / WP4-2 Assigned

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COURSE SYLLABUS
Period Activity 10-Oct 12-Oct DAYS -M/W 17-Oct 19-Oct 24-Oct 26-Oct 29-Oct 31-Oct 2-Nov 7-Nov 9-Nov 14-Nov 16-Nov 21-Nov 23-Nov 28-Nov 30-Nov 11-Oct 13-Oct DAYS -T/Th 18-Oct 20-Oct 25-Oct 27-Oct 29-Oct 1-Nov 3-Nov 3-Nov 8-Nov 10-Nov 15-Nov 17-Nov 22-Nov 24-Nov 29-Nov 1-Dec 3-Dec Textbook Chapter 4 Textbook Chapter 4 Chapter 4 Textbook (TB) Brief Exercises and Exercises Chapter 4 Exercise & Problems Discuss Project 1

WP4-1 Due / WP4-3 Assigned

TOPIC Textbook Chapter 4 Textbook Chapter 4 Textbook Chapter 4 Exam 2 Review EXAM 2 - Saturday 10 to 12 Textbook Chapter 5 Textbook Chapter 5 Project 2 Meeting Textbook Chapter 5 Textbook Chapter 6 Textbook Chapter 6 Textbook Chapter 6 Textbook Chapter 6 THANKSGIVING HOLIDAY Discussion of Audit & Tax Exam 3 Review EXAM 3 - Saturday 10 to 1

READING AND STUDY Chapter 4 Exercise & Problems EXCEL Worksheets Project 1 Due

ASSIGNMENTS & HOMEWORK WP4-2 Due / WP4-4 Assigned WP4-3 Due

WP4-4 Due / WP5-1 Assigned Chat Room 7 to 9 PM Friday Chapter 5 PPT & Brief Exercises Chapter 5 Exercises 1:30 to 5:30 Chapter 5 Problems Chapter 6 PPT Discuss Project 2 Chapter 6 Textbook (TB) Brief Exercises and Exercises Chapter 6 Textbook (TB) Exercises Chapter 6 Textbook Problems Discuss Project 2 WP 5-1 Due / WP 5-3 Assigned Location to be Determined WP5-2 Due / WP5-4 Assigned WP 5-3 Due / WP6-1 Assigned WP5-4 Due / WP6-2 Assigned WP6-1 Due / WP6-3 Assigned WP6-2 Due / Assign EXCEL Problems Project 2 Due / EXCEL Problems Due WP6-3 Due

Audit & Tax PPT/Excel Problems Exam 3 Covers Chapters 3 thru 6 Chat Room 7 to 9 PM Friday

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COURSE SYLLABUS

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