NOTE: ACTG 319 is not being offered during Summer 2008.
The course materials below are for reference purposes only.

ACTG 319 – External Reporting II

Course Name: External Reporting II

Course Number: ACTG 319 – Spring 2008

Course Credits: Four; ACTG 319 meets four hours per week in three one hour and ten minute blocks on Mondays, Wednesdays and Fridays. Section 1 meets from 8:30 – 9:40 in EG01 Weatherford Hall. Section 2 meets from 10:00 – 11:10 in EG01 Weatherford Hall. Section 3 meets from 2:00 – 3:10 in room 207 Bexell Hall.

Prerequisites: ACTG 318 with “C” or better and departmental approval.

Professor: Roger Graham Office: 204 Bexell Hall

E-mail: roger.graham@bus.oregonstate.edu Phone: 737-4028

Office Hours: 10:30 – 12:00 Tuesdays and Thursdays

Learning Resources:

Required: Intermediate Accounting (revised 4th edition) by Spiceland, Sepe and Tomassini, McGraw-Hill Irwin, 2007.

Optional: Effective Writing: A Handbook for Accountants, May and May, Prentice Hall. Proctor and Gamble 2007 10-K.

Course Description: This course is a three module continuation of ATCG 318. The first module covers the accounting for leases, the financial accounting for income taxes, and pensions (chapters 15, 16, and 17) and the second module covers the accounting for investments and shareholders’ equity (chapters 12, 18, and 19). The remaining module covers the Statement of Cash Flows (chapter 21).

Measurable Student Learning Outcomes: The primary learning outcomes of ACTG 319 are to acquire sufficient knowledge and comprehension of the above accounting issues that will allow you to apply generally accepted accounting principles to solve accounting problems related to the issues, to analyze accounting issues from different economic and social perspectives, to formulate solutions to complex accounting issues and to appraise proposals for changes in generally accepted accounting procedures based on the underlying economics of accounting events.

Evaluation of Student Performance: Course requirements include exams and homework assignments. The weighting on the course requirements follows.

Points Percent

Midterm Exams @ 75 each 150 50

Final Exam 100 33

General Homework 20 7

Celiant Corporation Case Study 30 10

Total 300

Grading: Your course grade will be determined by your performance based on total points earned with the assurance that the curve will be no higher than shown below. The curve may be lowered depending on the distribution of the total points for the class.

A 255-300 B 225-254 C 190-224

At least a C must be earned to enroll in accounting courses listing ACTG 319 as a prerequisite.

The Exams: The exams are designed to measure your knowledge and understanding of the material presented in the textbook, homework assignments, class lectures and discussions. Exams will be a combination of multiple choice questions and work-out problems.

In the event you miss an exam, you will receive a score of 0, exactly as if you had turned in a blank paper. Exceptions will be made only upon presentation of documented evidence indicating serious illness or family emergency. Contacting me prior to the exam is also expected in such cases, if practicable. A make-up exam may be scheduled; alternatively, the weight of the remaining exams may be adjusted. The choice rests with the instructor. Exceptions will be extraordinarily rare and will be handled on an individual basis. You are strongly urged to make every effort to take the exams as scheduled. The accounting faculty have a policy not to allow early exams.

There are no example exams. All material presented in class is subject to examination. Therefore there is no need to ask if material will or will not be on an exam. No note cards or any other supporting materials will be allowed during exams.

General Homework: General homework assignments include those listed in the tentative schedule and assignments either worked in class or assigned in class for the following class meeting. The assignments listed in the tentative schedule provide practice in solving accounting issues and are to be ready for collection at the beginning of class on the day that they are listed in the schedule. Although most assignments will only be graded for effort and completeness some assignments will be graded for correctness.

There will be no copies of the homework solutions available to students outside of class.

For the best learning, all problems should be attempted prior to the class period they are discussed. This requires discipline on your part but the practice of attacking problems “cold” will pay off on exam days.

Celiant Corporation Case Study: The last week of class is set aside for a case discussion and for a written assignment about the case. The case and its requirements will be provided later in the term.

Class Policies: ACTG 319 class policies are intended to promote and maintain a professional atmosphere and an appropriate learning environment. The Accounting Program at Oregon State University is a highly-regarded professional program providing education and training for careers in accounting. A proper classroom climate will assist in developing habits that contribute to career success. Furthermore, students learn more when there is an appropriate learning atmosphere.

To begin, all students are expected to conduct themselves in a courteous and professional manner at all times and prepare all assignments in a professional manner.

Please do not come into class late, read during class, sleep during class, or talk excessively with other students during lectures. Such behaviors are disruptive to the learning environment.

Please turnoff/mute all items that emit sounds and noises that may interrupt the class (e.g., cellular phones, pagers), unless there is a specific reason for needing notification during a particular class (such as a sick child at home) and approval has been received prior to the beginning of that class.

All graded assignments must be ready to be handed in at the beginning of class on the day they are due. Late assignments will not be accepted and receive a zero score unless there are extraordinary extenuating circumstances. Assignments will be assigned one-half credit in the rare case that late assignments are accepted. Assignments will be returned as soon as they are graded. Any assignments not picked up in class can be picked up in Bexell 204. Exams will be available for review but will not be returned.

I welcome grading-related questions after homework or exams have been graded and returned. However specific grading questions are limited to the two week period beginning the day after the day the graded items are returned in class. This means I may not answer grading related questions on the day graded materials are returned or two weeks after the day graded materials are returned.

Class Sections, unless you have received prior permission you will be expected to attend the section in which you are enrolled.

All University regulations regarding academic honesty apply to College of Business courses, e.g., any work copied from another student, plagiarized in any manner, or provided to another student will at a minimum result in a grade of zero on the assignment and at a maximum result in a failing grade in the class. If you are unsure what constitutes plagiarism, please see me. All cases of suspected academic dishonesty are handled in strict accordance with University policy, which can be viewed at the following University web address: http://oregonstate.edu/admin/stucon/achon.htm.

Be judicious in your use of e-mail. First try to contact me directly, either in class or during office hours. Questions that can be easily answered from other sources (i.e., the course coverage, syllabus, or assignments) are not judicious uses of e-mail. Be professional when writing e-mail – present your point or request without making demands or accusations – be respectful and use professional salutations. Check your spelling and grammar as best you can. Be aware that I may not reply to e-mail I consider frivolous or unprofessional.

Dos and Don’ts

	Do	Don’t
1.	Be professional	Read during class
2.	Be courteous	Sleep during class
3.	Arrive on time	Talk excessively
4.	Allocate time to this course	Let your phone ring in class
5.	Work assigned problems prior to class	Cheat
6.	Write professional correspondence	Send unprofessional e-mails
7.	Attend the class you are assigned	Attend the other section

Course Organization: ACTG 319 will be conducted primarily by lecture with considerable time spent reviewing assignments. Our pace will be approximately one chapter per week. You are expected to read and study the chapter and to work the homework before each class meeting. It is to your advantage to attend class and participate in the discussion especially as attending class provides the opportunity to judge your progress in learning the material and prepares you for the exams.

Students with disabilities: "Accommodations are collaborative efforts between students, faculty and Services for Students with Disabilities (SSD). Students with accommodations approved through SSD are responsible for contacting the faculty member in charge of the course prior to or during the first week of the term to discuss accommodations. Students who believe they are eligible for accommodations but who have not yet obtained approval through SSD should contact SSD immediately at 737-4098."

Final Thoughts on the Course: ACTG 319 can be a difficult course with its diverse and complicated material. With patience and effort (and some luck) we will all make it to the end of the term a bit more knowledgeable and possibly a bit intrigued.

A little about me: I grew up in Colorado but consider myself from Missoula, Montana. I owned a construction company there for over 12 years. I am married to Kristina Frankenberger who is Professor of Marketing at Western Oregon University. She is an avid fisher. I have two sons; Chris 31, married to Sarah and Brian 29, married to Tina. We have a collie named Scout and an Australian shepherd named Trigger. We have lived in Oregon since the Fall of 1986. We enjoy the open spaces of Montana, Oregon and Colorado.

I enjoy teaching financial accounting very much and I enjoy talking informally with students. I have been teaching at Oregon State University since January 1991 but have also taught at Northern Montana College, the University of Oregon, the University of Manitoba and the University Auckland. My undergraduate degree is in animal psychology from Colorado State University, my masters degree is in accounting and finance from the University of Montana and my Ph.D. is in accounting from the University of Oregon. I am a CPA in the State of Montana and a member of the Oregon Society of Certified Public Accountants (currently on the Board of the Educational Foundation).

I enjoy research. Over the last ten years I have published over 20 research papers (most recently one received a “Best Paper” award at a conference in New Zealand). I try to understand the relation between accounting information and market values (known as capital markets research) in the areas of corporate equity investments and international accounting. Fun stuff!

TENTATIVE SCHEDULE

Part I: Special Assets and Liabilities: Leases, Taxes, and Pensions
1	March 31			Introduction, Syllabus, Proctor and Gamble 10-k
	April 2		Leases	Readings: Chapter 15: Part A Assignments: Chapter 15 Q’s 1, 5, E 11
	April 4			Readings: Chapter 15: Parts B and C Assignments: Chapter 15: Q’s 5, 8, 9, E 7, E16
2	April 7			Readings: Chapter 15: Part D Assignments: Chapter 15: P 18, P 3
	April 9		Income Taxes	Readings: Chapter 16: Part A
	April 11			Readings: Chapter 16: Part B Assignments: Chapter 16: Q’s 1-5, E 9, E 13
3	April 14			Readings: Chapter 16: All Assignments: Chapter 16: E 14, E 26, P 10
	April 16		Pensions	Readings: Chapter 17: Parts A & B
	April 18			Readings: Chapter 17: Part C Assignments: Chapter 17: P 3, P 6
4	April 21			Readings: Chapter 17: Parts D & E Assignments: Chapter 17: P 6, P 8
	April 23			Assignment: Chapter 17: P 14 Review
	April 25			Part I Midterm Exam Chapters 15, 16, 17: 1 hour 10 minutes
Part II: Recording and Presentation of Investments and Shareholders’ Equity
5	April 28		Investments	Readings: Chapter 12: Part A
	April 30			Readings: Chapter 12: Part B Assignments: Chapter 12 E 5, E6, P 6, E 8, P 4
	May 2			Readings: Chapter 12: All Assignments: Chapter 12 E 17, P 12
6	May 5		Shareholders’ Equity	Readings: Chapter 18: Part A Assignments: Chapter 12, Q’s 1,2,3,4,11,12,13,14,17, E 1
	May 7			Readings: Chapter 18: Part B Assignments: Chapter 18: E 3, E 15, E 8, E 9, P 2
	May 9			Readings: Chapter 18: Part C Assignments: Chapter 18: E 19, P 5
7	May 12		Compensation and EPS	Readings: Chapter 19: Part A Assignments: Chapter 19:
	May 14			Readings: Chapter 19: Assignments: Chapter 19: E 3, 4, 8, 9
	May 16			Readings: Chapter 19: Assignments: Chapter 19: E 15, 16, 17, 18, 19
8	May 19			Review Assignments: Chapter 19: E 21 P 11
	May 21			Part II Midterm Exam Chapters 12, 18, 19 1 hour 10 minutes Date of BAP Banquet
Part III: The Cash Flow Statement
8	May 23	Statement of Cash Flows		Readings: Chapter 21: Part A
9	May 26			No Class: Memorial Day
	May 28			Readings: Chapter 21: Part B: Appendix 21A Assignment: Chapter 21 E 2, 3, 7, 9
	May 30			Readings: Chapter 21: Part C: Appendix 21B Assignment: Chapter 21: P 23, P 24
10	June 2			Readings: Celiant Corporation Case Study
	June 4			Celiant: continued
	June 6			Case Study Write- up Due Evaluations and Course Review

Final Exam – comprehensive multiple choice, work out problems and short essay.