Required:

1. Nikolai, Bazley, and Jones. Intermediate Accounting, Thomson South-Western, 2007, 10th edition.
   
   
2. Accounting paper
   
   
3. Calculator - Programmable calculators are not allowed on quizzes or exams.

Week	Chapter	Topic
1	–	Introduction, Financial Reporting Project
2-3	22	Statement of Cash Flows
4-5	13	Current and Contingent Liabilities
6-7	14	Long-Term Liabilities
8	16	Contributed Capital
9	17	Retained Earnings
10	6	Additional Aspects of Financial Reporting
11	–	Presentations
12-13	18	Income Recognition
14	21	Accounting for Leases
15	→	Final Exam

1. Use appropriate techniques to analyze the financial statements of a company. I, III, IV
2. Demonstrate knowledge of the statement of cash flows. I, III, IV, V
3. Apply the proper accounting techniques to both current and long-term liabilities. I, II, III, IV, V
4. Properly account for the stockholders' equity of a corporation. I, III, IV, V
5. Demonstrate knowledge of appropriate disclosure under generally accepted accounting principles. I, III, IV, V, VII
6. Apply proper accounting treatment to the recognition of income. I, III, IV, V
7. Demonstrate a basic knowledge of accounting for leases. I, III, IV, V

*Roman numerals after course objectives reference goals of the Business Administration program.

Students will:

1. Practice elements of the work ethic such as preparedness, punctuality, honesty, cooperation, dependability, contribution, and good manners. Social/Behavioral Sciences Outcome
   
   
2. Discuss generally accepted accounting principles and how economic events are identified, recorded, and communicated to internal and external user groups. Communication Outcome, Mathematics Outcome, Active Learning Strategy
   
   
3. Use critical thinking skills to interpret and evaluate the financial statements of existing companies and make informed judgements about these statements to facilitate in decision making and problem solving strategies. Mathematics Outcome, Technological Literacy Outcome, Active Learning Strategies
   
   
4. Work with teammates on group assignments. Social/Behavioral Sciences Outcome, Mathematics Outcome, Transitional Strategies, Active Learning Strategies
   
   
5. Refine their reading skills and expand their vocabularies through completion of assigned readings. Communication Outcome
   
   
6. Discuss how internal, and primarily external, user groups interpret financial accounting data and make informed judgments about this data to facilitate decision making and problem solving strategies. Communication Outcome, Mathematics Outcome, Active Learning Strategies
   
   
7. Prepare and discuss individual written assignments. Communication Outcome, Mathematics Outcome
   
   
8. Discuss ethical issues and their impact on corporate financial statements. Communication Outcome, Social/Behavioral Sciences Outcome, Mathematics Outcome, Active Learning Strategies

*Strategies and outcomes listed after instructional processes reference Pellissippi State's goals for strengthening general education knowledge and skills, connecting course work to experiences beyond the classroom, and encouraging students to take active and responsible roles in the educational process.

Upon successful completion of this course, the student should be able to:

1. Describe the purpose of the statement of cash flows. B
2. Define operating, investing, and financing activities. B
3. Know the categories of inflows and outflows of cash. B
4. Classify cash flows as operating, investing, or financing. B
5. Explain the direct and indirect methods for reporting operating cash flows. B
6. Prepare a simple statement of cash flows using the indirect method. B
7. Explain disclosure requirements for the statement of cash flows. B
8. Explain the results of the statement of cash flows. A, B
9. Explain the characteristics of a liability. C
10. Define current liabilities. C
11. Account for warranty costs. C
12. Explain the terms “probable”, “reasonably possible”, and “remote” as related to contingencies. C
13. Record and report a loss contingency. C
14. Disclose a gain contingency. C
15. Understand the characteristics of bonds payable. C
16. Record the issuance of bonds. C
17. Compute the selling price of bonds. C
18. Understand the disclosure of long-term liabilities. C
19. Amortize bond discounts and premiums using the straight-line method. C
20. Understand the disclosure of long-term liabilities. C
21. Explain the presentation and analysis of liabilities. A, C
22. Explain the corporate form of organization. D
23. Explain the rights and terms that apply to capital stock. D
24. Account for the issuance of capital stock. D
25. Describe the characteristics of preferred stock. D
26. Know the components of contributed capital. D
27. Understand the accounting for treasury stock using the cost method. D
28. Record the declaration and payment of cash dividends. D
29. Understand how to report accumulated other comprehensive income. D
30. Prepare a statement of changes in stockholders' equity. D
31. Explain the presentation and analysis of stockholders' equity. A, D
32. Describe an auditor's report. E
33. Understand the meaning of an operating segment. E
34. Describe the disclosures in a segment report. E
35. Describe the main sections of an annual report. A, E
36. Describe the disclosure required in the corporate proxy statement for executive compensation. E
37. Understand the revenue recognition alternatives. F
38. Explain revenue recognition at the time of sale, during production, and at the time of cash receipt. F
39. Account for revenue recognition prior to the period of sale, including the percentage-of-completion and completed-contract methods. F
40. Account for revenue recognition using the installment and cost recovery methods. F
41. Explain the advantages of leasing. G
42. Understand key terms related to leasing. G
43. Explain how to classify a lease as operating or capital. G
44. Record the lease at its inception. G
45. Explain the use of notes in financial statement preparation. A
46. Understand management's responsibilities for financials. A

*Letters after performance expectations reference the course objectives listed above.

1. Testing Procedures:
   Students are evaluated primarily on the basis of tests. Three major exams are recommended. Exams may include multiple choice questions, short answer questions, and exercises/problems.
   
   
2. Laboratory Expectations:  None
   
   
3. Field Work:  None
   
   
4. Other Evaluation Methods:
   Additional evaluation will be accomplished by homework, in-class exercises, a financial reporting project, a team PowerPoint presentation, and class discussion. Details regarding these methods will be provided on the first day of class on a syllabus supplement.
   
   
5. Grading Scale:

   A	92 - 100
   B+	89 - 91
   B	82 - 88
   C+	79 - 81
   C	72 - 78
   D	65-71
   F	Below 65

1. Attendance Policy:
   Pellissippi State Technical Community College expects students to attend all scheduled instructional activities. As a minimum, students in all courses must be present for at least 75 percent of the scheduled class meetings in order to receive credit for the course. [NOTE: No differentiation is made between excused and unexcused absences.] (Pellissippi State Catalog)
   
   
2. Academic Dishonesty:
   Plagiarism, cheating, and other forms of academic dishonesty are prohibited. Students guilty of academic misconduct, either directly or indirectly through participation or assistance, are immediately responsible to the instructor of the class. In addition to other possible disciplinary sanctions which may be imposed through the regular Pellissippi State procedures as a result of academic misconduct, the instructor has the authority to assign an F or a zero for the exercise or examination or to assign an F in the course. (Pellissippi State Catalog)
   
   
3. Computer Usage Guidelines:
   College-owned or -operated computing resources are provided for use by students of Pellissippi State. All students are responsible for the usage of Pellissippi Sate's computing resources in an effective, efficient, ethical, and lawful manner.
   
   
4. Accommodation for Disabilities:
   If you need accommodations because of a disability, if you have emergency medical information to share, or if you need special arrangements in case building must be evacuated, please inform the instructor immediately. Please see the instructor privately after class or in his/her office. Students must present a current accommodation plan from a staff member in Services for Students with Disabilities (SSWD) in order to receive accommodations in this course. Services for Students with Disabilities may be contacted by going to Goins 127 or 131 or by phone: 694-6751 (Voice/TTY) or 539-7153.