Intermediate Accounting 3110
Professor J. David Spiceland
Bulletin Board | Course
Description | Class Support | Course
|Office: BB 230
Hours: Daily after class and by appointment. You also can ask me questions by
Let me know if you have a suggestion for the course or the book, if you have a question,
won't be in class, or any other concerns.
- Spiceland, J.D. and J.F. Sepe, Intermediate
Accounting, Irwin/McGraw-Hill, 1998.
- Study Guide to Accompany Intermediate Accounting, Volume I, Irwin/McGraw-Hill, 1998 (optional)
- If it's not at your bookstore, you can get the text (or Study Guide) here:
Intermediate Accounting I. (3). Environment and Theoretical
Structure of Financial Accounting, Income Statement and Statement of Cash Flows, Income
Measurement, Balance Sheet, Financial Disclosures, Time Value of Money Concepts, Cash and
Receivables, Inventories, Operational Assets, Investments
Your grade this semester will be determined on the basis of the total points you earn:
- Exam 1-3 100 points each
- Comprehensive final 100 points
- Daily grade 100 points
Course Prerequisites: ACCT 2410.
The course schedule is here.
The three periodic exams during the semester will test
your knowledge and understanding of the material in the chapters indicated.These exams
will consist primarily of problems similar in nature to the homework exercises and
problems. In addition, about 30 percent of each exam will be multiple choice questions. No
make-up exams will be given. If you have a valid reason for missing an exam, you should
arrange your absence prior to the exam. In the case of a prearranged, excused absence from
an exam, the final exam will be allowed to count 200 points (rather than 100).
The final exam will cover all chapters. The final will consist entirely of multiple
choice questions. These questions will be approximately evenly divided between
"conceptual questions" and numerical problems with multiple choice solutions.
The 100 point "daily grade" will be determined on the basis of your daily
preparation as evidenced by your scores on homework assignments and unannounced quizzes.
Your assignments are due at the beginning of the class period designated on the assignment
schedule. Periodically, an assigned problem or exercise will be collected at the beginning
of a class period, graded on a 10-point basis, and returned to you. In addition,
periodically, an unannounced quiz will be given in class and graded on a 10-point basis.
Approximately 14 such grades (combination of homework and quizzes) will be determined
during the semester. Your daily grade will be the total of your 10 best such scores.
Counting only your best 10 will allow for occasional absences, "bad days", etc.
Therefore, there will be no make-ups of quizzes and no late homework accepted for any
Many of your assignments can be worked more efficiently and productively
using an electronic spreadsheet. This is particularly true of problems in chapter 6 that
use amortization schedules. I encourage you to create a functional amortization schedule
on an electronic spreadsheet (preferably Excel). The schedule should permit you to enter
different values for the number of periods, the discount rate, the principal amount, or
periodic payments in order to quickly do "what if" analysis on the effect of
varying the values of those measures.
If you prefer an amortization schedule I created, you can find it
Bulletin Board: Current information including your most recent exam score and "Today's Hint"
Class Aids: My lecture notes, U of
M information, and more.
Course Resources: Current
articles, accounting references, general references, FASB pronouncement summaries,
assignment solutions, present value tables, the textbook online, practice exams,
electronic flashcards, and more.
Here's my resume if you're really bored.
To visit my office click here: