X120B INTERMEDIATE ACCOUNTING

FALL 2015

1. COURSE SYLLABUS

2. TARGET CORP. ANNUAL REPORT Year-Ended 1/31/2015

3. TEXTBOOK PUBLISHER LECTURE SLIDES (CHAPTERS 9 16) NOTES VIEW

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garykText BoxIMPORTANT NOTE: Please review syllabus and read Chapter 9 in the textbook in advance of attending Week 1 class.

COURSE SYLLABUS Course Title: X120B Intermediate Accounting Theory and Practice Quarter: Fall 2015 Location: 2317 School of Public Affairs Dates: September 21 December 7, 2015, 6:30 - 9:30 p.m. (12 x Mondays), Instructor: Gary Krausz, CPA/CFF, Partner, Gursey | Schneider LLP Office Hours: By Appointment Contact Information: glkrausz@hotmail.com Office: (310) 691-1794 Cell: (818) 399-9647 Course Description: This is the second part in the three-course Intermediate Accounting sequence. X 120B begins with the second part of inventory accounting, and then covers accounting for long-term assets and intangibles, current and long-term liabilities, and stockholders' equity. Prerequisite: X 120A Intermediate Accounting Theory and Practice or consent of instructor. Goals & Objectives:

1. Have a strong understanding of the application of U.S. GAAP to the areas described above 2. Analyze, journalize and accounting for transactions related to the above topics 3. Properly present these items on financial statements 4. Successfully prepare for CPA exam questions on the covered topic areas 5. Place and apply accounting theory learned in context of current business environment 6. Familiarize students to International Financial Reporting Standards (IFRS) and compare /

contrast to U.S. GAAP.

Required Readings: Course Text: Kieso, Weygandt, Warfield: Intermediate Accounting, 15th Edition Recommended Readings: Wall Street Journal, Bloomberg Business Week, Fortune, Forbes, Inc., etc. At least one general business periodical We will be discussing current events and periodical materials as they relate to class topics.

Grading: Course grades will be based on participation and completion of assignments as follows: % Item 90% 3 x Quizzes at 30% each 10% Homework completion, Target assignment and In-Class participation ** Ok to Work in Groups ** Grading will be on traditional 100% of total points available scale A (90-100), B (80-90), C (70-80), D (60-70) Students are expected to be prepared for class by reading chapter and all other assigned reading materials in advance, and complete all homework assignments within week it is assigned. The key to performing well in this class is reading in advance of class, and staying current with the homework and class problems. Please bring a calculator to class. Calculators will be permitted on all exams. Please note that all grades except Incomplete ("I") are final when filed by the instructor in the Final Grade Report. The UCLA Extension Grading Scale A Superior, B Good, C Fair, D Poor, F Failure, I Incomplete (work of passing quality but incomplete; may be revised) DR Deferred Report P Passed (a grade of C or better) and NP Not Passed (less than C) More on Grades Certificate Students: All courses to be applied toward a certificate program must be taken for a letter grade and a grade of C or better is required. If you receive a grade of C- or lower, you must either repeat the course or confer with your Certificate Advisor to find a suitable substitute. Courses in which a grade of D, F, or NP was received may be repeated. In all courses in which grades are awarded, instructors may grant students up to one quarter to make up an I. After one quarter or sooner if required by instructor an I will automatically lapse to an F. Grades A, B, C, and D may be modified by the suffixes + or -. The temporary grade of DR will be posted if allegations of academic dishonesty are pending. See more about UCLA Extension grading policy click here Student Behavior Student Behavior involving cheating, copying others work, and plagiarism are not tolerated and will result in disciplinary action. Students are responsible for being familiar with the information on Student Conduct in the General Information Section of the UCLA Extension Catalog or on the website at www.uclaextension.edu or click here.

COURSE OUTLINE

Date/Topic Weekly Course Contents Week 1

September 21

Ch. 9 Inventories, Additional Valuation Issues (Part 2)

Week 2 September 28

Ch. 10 Acquisition Property, Plant and Equipment

Week 3 October 5

Ch. 11 Depreciation, Impairment and Depletion

Week 4 October 12

Ch. 12 Intangible Assets Review for Quiz

Week 5 October 19

Ch. 13 Current Liabilities and Contingencies ** Quiz #1 Covers Ch. 9, 10 and 11 **

Week 6 October 26

Review Quiz Results Ch. 13 Current Liabilities and Contingencies

Week 7 November 2

Ch. 14 Long-Term Liabilities

Week 8 November 9

Ch. 14 Long-Term Liabilities (continued) Review for Quiz

Week 9 November 16

Make-Up

Ch. 15 Stockholders Equity ** Quiz #2 Covers Ch. 12, 13, and 14 **

Week 10 November 23

Ch. 15 Stockholders Equity

Week 11 November 30

Ch. 16 Dilutive Securities and Earnings Per Share Review for Final

Week 12 December 7

Ch. 16 Dilutive Securities and Earnings Per Share Chapter 15 and 16 Supplemental Problems ** Final Exam Covers Ch. 15 & 16 **

One or Two More Guest Speakers TBA

HOMEWORK ASSIGNED

Chapter

Read Chapters **

In-Class Problems

Homework Problems Assigned (Ok to work in groups)

9

Yes and

Read AUS Topic 330

Brief Exercises 1, 3, 4, 5, 6, 7, 8,

9

Questions: 1, 5, 7, 10, 11, 18 Exercises: 7, 9 Problems: 6 Supplemental Assignment on ASU Topic 330 Target Corp.: Chapter 9 Questions

10

Yes

Brief Exercises 2 6, 8 12

Questions: 1, 4, 7, 10, 11, 12, 15 Exercises: 2, 3, 7 Problems: 6 Target Corp.: Chapter 10 Questions

11

Yes

Brief Exercises 1 4, 7

Questions: 2, 3, 7, 10, 11, 17, 19 Exercises: 1, 2, 3, 4, Target Corp.: Chapter 11 Questions

12

Yes

Brief Exercises 1 8

Questions: 1, 3, 4, 6, 7, 8, 9, 12, 17 Exercises: 3, 4, 6, 12 Problems: -- Target Corp.: Chapter 12 Questions

13

Yes and

Read Coffee Bean v.

Starbucks article

Brief Exercises 1 8, 10, and 13

Questions: 1, 3, 5, 8, 9, 10, 12, 14, 18, 20, 21 Exercises: 2, 5, 9 Target Corp.: Chapter 13 Questions

14

Yes

Brief Exercises 2 8,

10 14

Questions: 1 11, 14, 19 Exercises: 3, 4, 5 Problems: 1, 2 Target Corp.: Chapter 14 Questions

15

Yes and

Read AIG Reading

Assignment

Brief Exercises 2, 4, 5, 9, 10, 12,

13 and 14

Supplemental In-Class Exercises:

7, 8 and 18

Questions: 1 15 (Odd #s), 22, 23 and 24, Exercises: 1, 2, 14, 15 Problems: 1 Target Corp.: Chapter 15 Questions

16 Yes (including

Appendix 16B)

Brief Exercises 1, 4 7, 9, 11

14

Supplemental In-Class Exercises: 3, 11, 15, 23, 25

and 26

Questions: 2, 5, 8, 10, 12, 13, 14, 17, and 21 Exercises: 1, 7, 16 Problems: -- Target Corp.: Chapter 16 Questions

Solutions to all problems completed in class and assigned for homework will be provided to you after the materials are covered in class. * * Please read IFRS Insights in the Chapters.

Lecture PowerPoint Slides are on-line at the Intermediate Accounting 15th Edition (Student Companion Site) and are attached to the Syllabus. http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1118147294&bcsId=8063 Other reading assignments and homework may be assigned during class and therefore may be covered on exams so please keep up to date with all class assignments, including those listed above. Note: Assume all homework will be collected. It is ok (and preferable) to work together in study groups. All problems above that are worked out in class (in advance or in the lecture slides) do not need to be re-performed for homework. It is very helpful to keep all homework solutions together for exam study purposes. I will distribute answers to all homework problems listed above to you the week after they are due. Helpful Hints to Your Career Management Join the California Society of CPAs now student membership is FREE.

http://www.calcpa.org/Content/membershipdues.aspx

Join the AICPA now student membership is FREE. http://www.thiswaytocpa.com/aicpa-student-membership/

AICPA publishes what is known as the Content and Skill Specifications of the Uniform CPA Exam - Outline (CSO). This is the grid that discusses what is, and what is not covered on CPA exam; it changes infrequently but always good to see what is covered on each part of the exam so you know as you go through your courses. A copy is attached to the Syllabus or see below: http://www.aicpa.org/becomeacpa/cpaexam/examinationcontent/contentandskills/downloadabledocuments/csos-ssos-effective-jan-2015.pdf

If you have questions about obtaining a California CPA license, please read the CPA Licensing Applicant Handbook or just call the CA Board of Accountancy. Remember, each state has its own rules for CPA licensing. A copy is attached to the syllabus. http://www.dca.ca.gov/cba/publications/applbook.pdf

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