INDEPENDENT UNIVERSITY, BANGLADESH

School of Business
BBA Program Course Outline

Trimester Course Code Course Title Section

Autumn 2019 ACN 301 Intermediate Accounting 01

INSTRUCTOR’S DETAILS:

Instructor: Dr. Rushdi Razzaque Class Time: ST 09:40-11:10

Assistant Professor
of Accounting Class Room: 2010

Office: 4006 Office Hours: ST: 08:00 - 09:40 & 11:10 – 15:30
MW: 08:00 - 09:40 & 11:10 – 14:30
Email: rushdi@iub.edu.bd
Thursday: By appointment through email only

My SB Address: http://103.81.70.51/sb/course/view.php?id=84

COURSE DESCRIPTION:

The course is directed towards developing a student's understanding and knowledge about the asset side of
the balance sheet. Students will acquire in-depth knowledge of the procedural and conceptual issues as well
as information on presentation and disclosure of financial statements. It explores additional issues to be
addressed by an accountant in complex business phenomenon in reporting different assets in the balance
sheet.

PREREQUISITE (IF ANY):

ACN 201 (Principles of Accounting)

COURSE POLICY:
1. It is the student’s responsibility to gather information about the assignments and covered topics during the
lectures missed. Regular class attendance is mandatory. Points will be taken off for missing classes. Without
70% of attendance, sitting for final exam is NOT allowed. According to IUB system students must enter the
classroom within the first 20 minutes to get the attendance submitted.

2. The date and syllabus of quiz, midterm and final exam is already given here, however, announcements will
be given ahead of time. There is NO provision for make-up quizzes.

3. The reading materials for each class will be given prior to that class so that student may have a cursory look
into the materials.

4. Class participation is vital for better understanding of numerical issues. Students are invited to raise
questions.

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5. Students should take tutorials with the instructor during the office hours. Prior appointment is required.

6. Students must maintain the IUB code of conduct and ethical guidelines offered by the School of Business.
7. Students must refrain from any type of cheating and/or plagiarism in a course. Any student acting
otherwise will receive an “F” grade in the course. School of Business, IUB, maintains a zero tolerance policy
regarding violation of academic integrity.

8. Students are not allowed to keep bags, handouts, books, mobile phones, smart watches or any other smart
electronic devices with them during any exam. Students are advised to keep everything in the front of the
class room before the exam starts. Please note that, just carrying any smart electronic devises (even if the
devise is turned off or put it in silent mode) during the exam will be considered as “cheating”. Moreover,
during the exam, anything written on hand palms (or anywhere else) and carrying paper materials
(whatever is written) will be considered as “cheating”. Any sorts of “cheating” will result in an “F” grade with
no exception. During the exam, students are only allowed to carry pen, pencil, eraser, sharpener, ruler,
highlighter and calculator in a clear plastic bag.

ASSESSMENT AND MARKS DISTRIBUTION:

Type of Evaluation Nos. Weight

Class Attendance and Participation 100% 5
Quiz (Best 2 quiz scores will be counted) 3 15
Project and Presentation 01 10
Midterm Exam 01 30
Final Exam 01 40
Total 100%

[Class attendance is mandatory; failure to do so may deduct the final marks]

GRADE CONVERSION SCHEME:

The following chart will be followed for grading. This has customized form the guideline provided by the
school of Business.

A A- B+ B B- C+ C C- D+ D F
90-100 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 0-44

* Numbers are inclusive

REQUIRED TEXT:

The course will be based mostly on the following books [some other books and journals may be referred
time to time]:

Kieso, Weygandt and Warfield; Intermediate Accounting; 15th Edition; John Wiley & sons, Inc.

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CLASS AND EXAM SCHEDULE, TOPIC AND READINGS:

Sessions Date Topic Learning Outcomes Readings

Session -1 Introduction Course introduction. Course
Outline
A brief review of major accounting
concepts discussed in Principles of
Accounting (ACN 201).

Financial Identify the major financial statements

Accounting and and other means of financial reporting. Kieso,
Accounting Weygandt
Standards Explain how accounting assists in the and Warfield,
efficient use of scarce resources. Chapter 1,
Page 2-13.
Identify the objective of financial
reporting. Handout
available on
Explain the need for accounting virtual
standards. learning
system
Identify the major policy-setting bodies
and their role in the standard-setting
process.

Session -2 Financial Explain the meaning of generally accepted Kieso,

Accounting and accounting principles (GAAP) and the role Weygandt
Accounting of the Codification for GAAP. and Warfield,
Standards Chapter 1,
Describe the impact of user groups on the Page 13-23.
rule-making process.
Handout
Describe some of the challenges facing available on
virtual
financial reporting.
learning
Understand issues related to ethics and system.
financial accounting.

Session -3 Conceptual Describe the usefulness of a conceptual Kieso,

Framework framework. Weygandt
underlying and Warfield,
Financial Describe the FASB’s efforts to construct a Chapter 2,
Statements conceptual framework. Page 40-52.

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 Understand the objective of financial Handout
reporting. available on
virtual
Identify the qualitative characteristics of learning
accounting information. system

Session -4 Conceptual Define the basic elements of financial Kieso,

Framework statements. Weygandt
underlying and Warfield,
Financial Describe the basic assumptions of Chapter 2,
Statements accounting. Page 52-63.

Explain the application of the basic Handout

principles of accounting. available on
virtual
Describe the impact that the cost learning
constraint has on reporting accounting system
information.
Session -5 Conceptual Relevant Problem Solving from Text Kieso,
Framework Weygandt
underlying and Warfield,
Financial Chapter 2,
Statements Page 66-76.

Handout
available on
virtual
learning
system

Session -6 Income Understand the uses and limitations of an Kieso,

Statement and income statement. Weygandt
Related and Warfield,
Information Describe the content and format of the Chapter 4,
income statement. Page 158-176.

Prepare an income statement. Handout

available on
Explain how to report various income virtual
items. learning
system
Session-7 Income Identify where to report earnings per Kieso,
Statement and share information. Weygandt
Related and Warfield,
Information Understand the reporting of accounting Chapter 4,

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 changes and errors. Page 177-188.

Prepare a retained earnings statement. Handout

available on
Explain how to report other virtual
comprehensive income learning
system
Session -8 Income Relevant Problem Solving from Text Kieso,
Statement and Weygandt
Related and Warfield,
Information Chapter 4,
Page 189-202.

Handout
available on
virtual
learning
system
Session -9 Quiz 1 Knowledge of Conceptual Framework
and Income Statement. Chapter 2 & 4

Balance Sheet Explain the uses and limitations of a Kieso,

and Cash Flow balance sheet. Weygandt
Statements and Warfield,
Identify the major classifications of the Chapter 5,
balance sheet. Page 212-227.

Prepare a classified balance sheet using Handout

the report and account formats. available on
virtual
learning
system

Session -10 Balance Sheet Indicate the purpose of the statement of Kieso,
and Cash Flow cash flows. Weygandt
Statements and Warfield,
Identify the content of the statement of Chapter 5,
cash flows. Page 228-246.

Prepare a basic statement of cash flows. Handout

available on
Understand the usefulness of the virtual
statement of cash flows. learning
system
Determine which balance sheet
information requires supplemental
disclosure.

Describe the major disclosure techniques

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 for the balance sheet.

Using Ratios to Analyze Performance

Session -11 Balance Sheet Relevant Problem Solving from Text Kieso,
and Cash Flow Weygandt
Statements and Warfield,
Chapter 5,
Page 256-273.

Handout
available on
virtual
learning
system
Session -12 Midterm Knowledge of Conceptual Framework, Kieso,
Examination Income Statement, Balance Sheet, and Weygandt
Cash Flow Statement. and
Warfield,
Chapters 1,
2, 4, and 5.

Session -13 Cash And Identify items considered as cash. Kieso,

Receivables Weygandt
Indicate how to report cash and related and Warfield,
items. Chapter 7,
Page 344-358.
Define receivables and identify the
different types of receivables. Handout
available on
Explain accounting issues related to virtual
recognition of accounts receivable. learning
system
Explain accounting issues related to
valuation of accounts receivable.

Session -14 Cash And Explain accounting issues related to Kieso,

Receivables recognition and valuation of notes Weygandt
receivable. and Warfield,
Chapter 7,
Explain the fair value option. Page 359-374.

Explain accounting issues related to Handout

disposition of accounts and notes available on
receivable. virtual
learning
Describe how to report and analyze system
receivables.

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 Session -15 Cash and Relevant Problem Solving from Text Kieso,
Receivables Weygandt
and Warfield,
Chapter 7,
Page 386-404.

Handout
available on
virtual
learning
system
Session -16 Inventories Identify major classifications of inventory. Kieso,
Valuation Weygandt
Distinguish between perpetual and and Warfield,
periodic inventory systems. Chapter 8,
Page 314-431.
Determine the goods included in
inventory and the effects of inventory Handout
errors on the financial statements. available on
virtual
Understand the items to include as learning
inventory cost. system

Describe and compare the cost flow

assumptions used to account for
inventories.

Session -17 Inventories Describe and apply lower-of-cost-or- Kieso,

Valuation market rule. Weygandt
and Warfield,
Explain when companies value Chapter 9,
inventories at net realizable value. Page 473-497.

Explain when companies use the relative

sales value method to value inventories.

Discuss accounting issues related to Handout

purchase commitments. available on
virtual
Determine ending inventory by applying learning
the gross profit method. system

Explain how to report and analyze

inventory
Session -18 Inventories Relevant Problem Solving from Text Kieso,
Valuation Weygandt
and Warfield,
Chapter 9,

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 Page 506-521.

Handout
available on
virtual
learning
system

Session -19 Quiz 2 Knowledge of Cash and Receivables, Kieso,

Inventories Valuation. Weygandt
and
Warfield,
Chapter 8
and 9.
Acquisition and Describe property, plant, and equipment.
Disposition of Identify the costs to include in initial Kieso,
Property, Plant valuation of property, plant, and Weygandt
and Equipment equipment. and Warfield,
Chapter 10,
Describe the accounting problems Page 536-547.
associated with self-constructed assets.
Handout
Describe the accounting problems available on
associated with interest capitalization. virtual
learning
system
Session -20 Acquisition and Understand accounting issues related to Kieso,
Disposition of acquiring and valuing plant assets. Weygandt
Property, Plant and Warfield,
and Equipment Describe the accounting treatment for Chapter 10,
Stocks costs subsequent to acquisition. Page 547-562.

Describe the accounting treatment for the Handout

disposal of property, plant, and available on
equipment. virtual
learning
system
Session -21 Acquisition and Relevant Problem Solving from Text Kieso,
Disposition of Weygandt
Property, Plant and Warfield,
and Equipment Chapter 10,
Stocks Page 565-581.

Handout
available on
virtual
learning
system

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 Session -22 Depreciation, Explain the concept of depreciation. Kieso,
Impairments Weygandt
and Depletion Identify the factors involved in the and Warfield,
depreciation process. Chapter 11,
Page 588-612.
Compare activity, straight-line,
decreasing-charge, and special methods of Handout
depreciation. available on
virtual
Explain the accounting issues related to learning
asset impairment. system

Explain the accounting procedures for

depletion of natural resources.

Explain how to report and analyze

property, plant, equipment, and natural
resources.

Relevant Problem Solving from Text

Session -23 Quiz 3 Knowledge of Acquisition and Disposition Kieso,

of Property, Plant and Equipment, Weygandt
Depreciation, Impairments, and and Warfield,
Depletion. Chapter 10
and 11.

Intangible Describe the characteristics of intangible Kieso,

Assets assets. Weygandt
and Warfield,
Identify the costs to include in the initial Chapter 12,
valuation of intangible assets. Page 648-672.

Explain the procedure for amortizing

intangible assets. Handout
available on
Describe the types of intangible assets. virtual
learning
Explain the accounting issues for system
recording goodwill.
Explain the accounting issues related to
intangible-asset impairments.

Identify the conceptual issues and

describe the accounting for research and
development costs.

Indicate the presentation of intangible

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 assets and related items.

Session -24 Intangible Relevant Problem Solving from the Text Kieso,
Assets Weygandt
and Warfield,
Chapter 12,
Page 648-672.

Handout
available on
virtual
learning
system
Session -25 Revision of
Final’s topics
Session -26 As per IUB Final Exam Knowledge of Cash and receivables, Kieso,
Examination Inventories, Property, plant and Weygandt
Schedule Equipment, and Intangibles and Warfield,
Chapter 7, 8,
9. 10, 11, and
12.

AUDIT:
Students who are willing to audit the course are welcome during the first two classes and are advised to
contact the instructor after that.

NOTE:
Plagiarism- that is the presentation of another person’s thoughts or words as though they were the students’
own – must be strictly avoided. Cheating and plagiarism on exam and assignment are unacceptable.

UNIVERSITY REGULATION AND CODE OF CONDUCT:

Please see the green book for further information about academic regulation and policies, including
withdrawal and grading, apples and penalties for pilgrims and academic misconduct.

STUDENTS WITH DISABILITIES:

Students with disabilities are required to inform the School of Business/ Department of Economics of any
specific requirement for classes or examination as soon as possible.

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