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Online · School of Business · Accounting, Economics, and Finance

Intermediate Accounting I
ACCT-301

  • CG
  • Section 8WK
  • 11/08/2019 to 04/16/2020
  • Modified 01/28/2020

Course Description

This is an intensive course in accounting theory and practice. The course attempts to strike a balance between procedural explanations of currently applied accounting practices and the theoretical framework upon which those practices are based. Alternatives to current practice are also introduced.

Requisites

Prerequisite

ACCT 212

Rationale

The accounting student who seeks professional success in his or her career needs to understand both theory and practice in order to meet the challenges that await him or her in the future. Knowing alternatives to current practice can enhance the student’s understanding of accounting practices that may evolve in the future.

Measurable Learning Outcomes

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

  1. Apply accounting theory to analyze and solve complex accounting problems.
  2. Prepare financial statements in accordance with GAAP and the conceptual framework.
  3. Evaluate economic resources using the conceptual framework and GAAP.
  4. Compare and contrast GAAP and IFRS with respect to the conceptual framework and accounting for economic resources.
  5. Integrate biblical principles within the field of Accounting

Course Resources

Required Resource

The resource below is provided in the course at no cost to the student. However, if the student prefers a physical copy of the resource, he or she may purchase it through the Liberty University Online bookstore, MBS Direct. The purchase of physical copies is optional.

Spiceland, J. D., Sepe, J., Nelson, M., & Thomas, W. (2019). Intermediate accounting (10th ed.). Boston, MA: McGraw-Hill Custom.

Disclaimer: The above resource provides information consistent with the latest research regarding the subject area. Liberty University does not necessarily endorse specific personal, religious, philosophical, or political positions found in this resource.

Additional Materials for Learning

    1. Computer with basic audio/video output equipment
    2. Internet access (broadband recommended)
    3. Blackboard recommended browsers
    4. Microsoft Office
    5. American Psychological Association. Publication manual of the American Psychological Association (Current ed.). Washington, DC: Author. http://ezproxy.liberty.edu/login?url=http://APAStyleCENTRAL.apa.org

Course Assignments

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Group Discussion Board Forums (4)

For this collaborative discussion board, the instructor will place the student into a group at the beginning of the course. The student will create a thread in response to the provided prompt for each forum. Each thread must be at least 500 words and demonstrate course-related knowledge. The student must support his or her assertions with at least 2 citations other than the textbooks; the Bible may be 1 of those sources. In addition to the thread, the student will reply to the thread of at least 1 classmate. The reply must be at least 250 words. Citations for the replies are not required, but are encouraged.

Connect Homework (8)

In every module/week, the student will be assigned homework exercises, problems, and LearnSmart activities to be completed in the Connect learning environment. Time spent on each homework assignment will vary by the module/week as well as by the level of comprehension and mastery of the subject matter.

Research Paper

The student will submit his or her Research Paper topic for approval. After the student’s topic is approved, he or she will write an 8–10-page Research Paper (not including title and reference pages) following current APA format and using at least 5 different scholarly sources.

Connect Quizzes (4)

There will be 4 Connect Quizzes throughout the course. Each quiz will be open-book/open-notes, will cover material from the textbook and homework questions, and will be comprised of 30 questions. The student will have 2 hours to complete each quiz, and each quiz can be taken a maximum of 2 times.

Course Grading

Course Requirements Checklist

10

Group Discussion Board Forums (4 at 50 pts ea)

200

Connect Homework (4 at 50 pts ea, 4 at 25 pts ea)

300

Research Paper

100

Connect Quizzes (4 at 100 pts ea)

400

Total

1010

Policies

Late Assignment Policy

Course Assignments, including discussion boards, exams, and other graded assignments, should be submitted on time.

If the student is unable to complete an assignment on time, then he or she must contact the instructor immediately by email.

Assignments that are submitted after the due date without prior approval from the instructor will receive the following deductions:

  1. Late assignments submitted within one week after the due date will receive up to a 10% deduction.
  2. Assignments submitted more than one week and less than 2 weeks late will receive up to a 20% deduction.
  3. Assignments submitted two weeks late or after the final date of the course will not be accepted outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.
  4. Group projects, including group discussion board threads and/or replies, and assignments will not be accepted after the due date outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.

Disability Assistance

Students with a disability and those with medical conditions associated with pregnancy may contact Liberty University’s Online Office of Disability Accommodation Support (ODAS) at [email protected] for accommodations.  Such accommodations require appropriate documentation of your condition.   For more information about ODAS and the accommodations process, including how to request an accommodation, please visit https://www.liberty.edu/online/online-disability-accommodation-support/. Requests for accommodations not related to disabilities or pregnancy must be directed to the Registrar’s Office, which generally handles medical needs support.

If you have a complaint related to disability discrimination or an accommodation that was not provided, you may contact ODAS or the Office of Equity and Compliance by phone at (434) 592-4999 or by email at [email protected].  Click to see a full copy of Liberty’s Discrimination, Harassment, and Sexual Misconduct Policy or the Student Disability Grievance Policy and Procedures.

Course Attendance

In an effort to comply with U.S. Department of Education policies, attendance is measured by physical class attendance or any submission of a required assignment within the enrollment dates of the course (such as examinations, written papers or projects, any discussion board posts, etc.) or initiating any communication with one’s professor regarding an academic subject. More information regarding the attendance policy can be found in the Academic Course Catalogs. Regular attendance in online courses is expected throughout the length of the term. Students who do not attend within the first week of a sub-term by submitting a required academic assignment (such as the Course Requirements Checklist, an examination, written paper or project, discussion board post, or other academic activity) will be dropped from the course. Students who wish to re-engage in the course are encouraged to contact Academic Advising to discuss their enrollment options. Students who begin an online course, but at some point in the semester cease attending, and do not provide official notification to withdraw, will be assigned a grade of “FN” (Failure for Non-Attendance). Students wishing to withdraw from courses after the official start date should familiarize themselves with the withdrawal policy.

Grading Scale

A B C D F
900-1010 800-899 700-799 600-699 0-599

For courses with a Pass/NP final grade, please refer to the Course Grading section of this syllabus for the assignment requirements and/or point value required to earn a Passing final grade.

Add/Drop Policy

The full policy statement and procedures are published in the Policy Directory.

Honor Code

Liberty University comprises a network of students, Alumni, faculty, staff and supporters that together form a Christian community based upon the truth of the Bible. This truth defines our foundational principles, from our Doctrinal Statement to the Code of Honor. These principles irrevocably align Liberty University’s operational procedures with the long tradition of university culture, which remains distinctively Christian, designed to preserve and advance truth. Our desire is to create a safe, comfortable environment within our community of learning, and we extend our academic and spiritual resources to all of our students with the goal of fostering academic maturity, spiritual growth and character development.

Communities are predicated on shared values and goals. The Code of Honor, an expression of the values from which our Doctrinal Statement was born, defines the fundamental principles by which our community exists. At the core of this code lie two essential concepts: a belief in the significance of all individuals, and a reliance on the existence of objective truth.

While we acknowledge that some may disagree with various elements of the Code of Honor, we maintain the expectation that our students will commit to respect and uphold the Code while enrolled at Liberty University.

Adherence to the principles and concepts established within facilitates the success of our students and strengthens the Liberty community.

The Code of Honor can be viewed in its entirety at http://www.liberty.edu/index.cfm?PID=19155.

Schedule

ACCT 301

Textbook: Spiceland et al., Intermediate Accounting (2019).

Module/ Week

Reading & Study

Assignments

Points

1

Spiceland et al.: chs. 1–2

1 presentation

1 website

Course Requirements Checklist

Class Introductions

Group DB Forum 1

Connect Homework 1

10

0

50

50

2

Spiceland et al.: ch. 3

1 presentation

Research Paper: Topic

Connect Homework 2

Connect Quiz 1

0

25

100

3

Spiceland et al.: chs. 4–5

1 presentation

Group DB Forum 2

Connect Homework 3

50

50

4

Spiceland et al.: ch. 6

1 presentation

Connect Homework 4

Connect Quiz 2

25

100

5

Spiceland et al.: chs. 7–8

1 presentation

Group DB Forum 3

Connect Homework 5

50

50

6

Spiceland et al.: ch. 9

1 presentation

Connect Homework 6

Connect Quiz 3

25

100

7

Spiceland et al.: ch. 10

1 presentation

Group DB Forum 4

Connect Homework 7

Research Paper

50

50

100

8

Spiceland et al.: ch. 11

1 presentation

Connect Homework 8

Connect Quiz 4

25

100

Total

1010

DB = Group Discussion Board

NOTE: Each course module/week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final module/week ends at 11:59 p.m. (ET) on Friday.