LEEDS SCHOOL OF BUSINESS

ACCT3230: Corporate Financial Reporting 2

Fall 2012 syllabus – tentative				Please read the entire syllabus.
Section 1: TR: 9:30 – 10:45, Section 2: TR: 11:00 – 12:15		both in 230 Koelbel Building
Course webpage: http://leeds-faculty.colorado.edu/Buchman/Acct3230/syllabus.htm
	Instructor: Thomas Buchman		Office: 439 Koelbel Building
	Office Hours: 1:30 pm – 3:00 Tuesday & Thursday		Office Phone: 303 492 8350
	and by appointment		e-mail: buchman@colorado.edu

Date

Topic & Chapter

Readings

Assignments for Class

Aug. 28

Intro. & Owners’ Equity – 15 PPT 15

A, B

Aug. 30

Owners’ Equity – 15 & 15A

Asc 480

15: E2, 14; P1, 5; Appllo.

Sep. 4

Income Taxes – 19 (pp 1158-1163) PPT 19

Sep. 6

Income Taxes – 19

19: E 25.

Sep. 11

Income Taxes – 19A

19: E 5, 6; P 1 (and for 2012 reconcile the statutory rate to the effective rate), 4; Tecs, What Happened?

Sep. 13

Income Taxes – 19 A

Asc 740

(FAS 109)

Fun w/Inc. Taxes, Boulder Pizza, Fun with FIN 48.

Sep. 18

Dilutive Sec. & EPS – 16 PPT 16

Sep. 20

Dilutive Sec. & EPS - 16

f, Asc 470, ias 32

Fun w/Con. Debt; 16: E 11(assume options are NQSO & tax rate is 40%), 13, 29.

Sep. 25

Dilutive Sec. & EPS - 16

Fun w/Opt., Fun w/SAR.

Sep. 27

Dilutive Sec. & EPS - 16

16: E 16, 25, 26.

Oct. 2

Dilutive Sec. & EPS - 16

Fun with EPS.

Oct. 4

Review

Oct. 4

Examination 6:30 pm - 8:30

Fall 2011 exam Solution to 2011 exam

SOLUTION TO CURRENT EXAM

Oct. 9

Investments – 17 PPT 17

17: E 1, use a 40% tax rate in: 8, 9, 15; Fun w/Fin. Inst.

Oct. 11

Invest. & Derivatives – 17A PPT 17A

Revised PPT 17A

17: E 17, use a 40% tax rate in 16 & 18; Fun with Investments & taxes, Fun with Consolidations.

Oct. 16

Derivatives – 17A

Fun with Derivatives.

Oct. 18

Derivatives – 17A

Fun with Derivatives.

Oct. 23

Pensions – 20 PPT 20 CLASS NOTES

PENSION WORKSHEET

G, H

(Assume SC and funding on Dec. 31 for all problems in Chap. 20)

Oct. 25

Pensions – 20

I, J

20: E 3, 6.

Oct. 30

Pensions – 20

20: E 10, 11; P 2; Fun with Pensions.

Nov. 1

Review

Nov. 1

Examination 6:30 pm - 8:30

FALL 2011 EXAM SOLUTION TO 2011 EXAM

Nov. 6

Leases – 21 PPT 21

Nov. 8

Leases – 21

21: Boeing; E 9 (only c – 2012 & 2013), 10 (a & c).

Nov. 13

Leases – 21 A

21: E 14; P 12; E 15.

Nov. 15

Leases – 21 B

21: E 16; Needle Eater, Fun w/Leases.

Nov. 20 & 22

No class

Nov. 27

Accounting Changes – 22 (pp. 1180-1204 & App. A)

PPT 22

22: E 5; P 12.

Nov. 29

Accounting Errors – 22 (pp. 1203-1219)

22: E 15, 19; P 7; Kenseth.

Dec. 4

Cash Flow Statement – 23 PPT 23

23: E 1, 10.

Dec. 6

Cash Flow Statement – 23

23: E 11 (try with “T” accounts); P 1, 6.

Dec. 11

Cash Flow Statement – 23

Bergen.

Dec. 13

Review

Section 1

Cumulative final examination Monday, Dec. 17, 7:30 pm - 10:00 (revised time)

Section 2

Cumulative final examination Tuesday, Dec. 18, 1:30 pm – 4:00

Accounting 3230: Corporate Financial Reporting II

Text: Intermediate Accounting, 14^th edition by Kieso, Weygandt and Warfield (Wiley). Assigned readings in the financial press can be downloaded from the course web page.

Course objectives:

The objective of this second course in the corporate financial reporting series is to continue your study of U.S. GAAP and IFRS current accounting practices to assist you in your subsequent accounting courses, finance courses and in your careers. Further, it is very important that you be able to critically analyze professional pronouncements and the manner in which businesses portray economic events in their financial statements.

At the end of the course, you will be familiar with GAAP, IFRS, and accounting theory for the topics listed on the front of the syllabus.

Expectations:

You can expect me to come to class prepared to discuss the material for the day, in turn I expect you to do the same. You should have read the chapter assigned for the day and have the exercises and problems prepared prior to coming to class. The assigned exercises, problems and cases will not be collected; however, part of your class participation grade will be based on your ability to intelligently discuss your solution to the assignments. The rest of the class participation grade is based on attendance and responses to questions asked by the instructor. I reserve the right to give unannounced quizzes, which will count as part of the class participation grade, if it appears that students are not doing the assignments.

All University of Colorado and Leeds School Business rules and policies will be followed in the course. No incompletes will be allowed in the course, except under extremely unusual circumstances.

Grading:

Class participation 20

First midterm exam* 26

Second midterm exam* 26

Final exam 28

Total 100 %

* Makeup midterm exams will not be given. If you miss a midterm exam and you have offered an acceptable reason for missing the exam, prior to the exam, your total final exam grade will be used as a basis for the missed exam; otherwise you will be given a 0 on the exam. If you believe there is an error in grading of a midterm exam and you want the exam regraded, bring it to my attention within one week of the date the exam is returned to the class.

There can be exceptions to the course grading policies: but only if your name is Edie Brickell, Margo Timmins, or Scarlett Johansson; if you are not one of them, don't ask. Before asking for extra credit in this course, see: http://www.youtube.com/watch?v=WVvKnq5XT-g

Readings:

A.	Wall Street Journal, May 24, 2006.	G.	Wall Street Journal, June 4, 2004.
B	Forbes, February 8, 1988.	H.	Cash Balance Plans.
C.	Defining Issues, May, 2012, No. 12-20.	I.	Wall Street Journal, October 27, 1993.
D.	Wall Street Journal, April 26, 2006.	J.	Defining Issues, May, 2012 No. 12-21.
E.	Wall Street Journal, February 21, 2009.	K.	Wall Street Journal, July 15, 2009.
F.	New York Times, February 5, 2006.	l.	Canadian Business, January, 1998.

Link to check figures for text on course webpage

Link to FASB accounting standards codification on course webpage

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