Intermediate Financial Accounting Ii Syllabus Fall Semester 2021
Intermediate Financial Accounting Ii Syllabus Fall Semester 2021
Intermediate Financial Accounting Ii Syllabus Fall Semester 2021
S2108-ACCT-3120
Section .003 08:00AM -- 09:15AM Tuesday/Thursday POWERS BUS 227
Section .004/.104 09:30AM – 10:45AM Tuesday/Thursday POWERS BUS 227
Section .005 12:30PM – 01:45PM Tuesday/Thursday POWERS BUS 227
Section .006 02:00PM – 03:15PM Tuesday/Thursday POWERS BUS 227
REQUIRED TEXT
Spiceland’s Intermediate Accounting, 10th Edition, published by McGraw-Hill, copyright 2020,
ISBN 978-1-260-31017-7. In addition, students must have the Spiceland “Connect” code enabling
them to electronically do their homework and other on-line assignments. You DO NOT need to
re-purchase this code if you purchased it for Intermediate Accounting I.
COURSE PREREQUISITES
Intermediate Accounting I (ACCT 3110)
LEARNING ASSESSMENT
Learning will be assessed online through a combination of homework assignments, quizzes, tests,
and other individual and team projects designed to enhance the students’ knowledge of the
course material and learning objectives.
Students in the Honors Program will have a separate project based on current or complex topics
in financial accounting and reporting under US GAAP.
ACADEMIC INTEGRITY
As members of the Clemson University community, we have inherited Thomas Green Clemson’s
vision of this institution as a ‘high seminary of learning.’ Fundamental to this vision is a mutual
commitment to truthfulness, honor, and responsibility, without which we cannot earn the trust
and respect of others. Furthermore, we recognize that academic dishonesty detracts from the
value of a Clemson degree. Therefore, we shall not tolerate lying, cheating, or stealing in any
form.”
All academic work (including homework, quizzes, and tests) submitted for grading contains an
implicit pledge that no unauthorized aid has been received. It is the responsibility of every
member of the Clemson Community to enforce the Academic Integrity Policy. Violations of this
code WILL BE referred to the Academic Integrity Committee for appropriate action, and my policy
is that you will automatically fail the class for ANY breach of this pledge!
GRADING
We will be using a “points” system to determine the grade that you earn in the class. The grade
that you earn is based on your efforts in and out of class for the entire semester. None of the
assignment, test, quiz, or project deadlines will be modified for any reason for any student.
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It is your responsibility to monitor Canvas to ensure that your grades are posted correctly.
QUIZZES
8 introductory and 8 closing chapter quizzes worth 20 points each will be given. These chapter
quizzes count 300 points toward your grade. In addition, there is a Foundation Refresh quiz at
the start of the semester that is worth 60 points and a Course Assessment quiz at the end of the
semester that is worth 40 points. Missing quizzes is strongly discouraged, but an Excused
Absence enabling you to make up a quiz is only permitted only under the following conditions:
(1) It is an approved athletic or academic absence, and you advise me and provide me authorized
documentation IN ADVANCE of the event and your absence.
(2) If you are ill, you advise me IN ADVANCE of class (i.e., just like you would if you weren’t going
to show up for work) and you provide me with a physician’s note documenting your illness
and necessary absence.
If you have an Unexcused Absence, you may not take and receive points for any Quiz given that
day (including days when we do the Eye of the Tiger team exercises).
All quizzes will be done electronically with LockDown Browser and Webcam. In the event of
technology issues, you must have documented proof (screen shots or video with your phone,
etc.) of the issue (WIFI down, LockDown Browser not working, etc.). Otherwise, the quiz may not
be made up. This may not be a recurring event so if you have WIFI issues, you must take the
quizzes where WIFI is reliable and if you have LockDown Browser issues, you must get IT HELP
assistance to ensure that the issues are resolved. If it’s not documented, then you don’t have a
valid excuse.
TESTS
Tests may consist of any or all of the following: (a) true/false, (b) multiple choice, (c) matching, (d)
problems, and (e) key term definitions. However, other testing techniques may be used as
deemed appropriate. All tests emphasize concepts, application of the concepts, and critical
thinking skills.
Missing tests is strongly discouraged, but an excused absence enabling you to make up a test is
only permitted under the conditions described above under “Quizzes”.
All tests will be done electronically with LockDown Browser and Webcam. In the event of
technology issues, you must have documented proof (screen shots or video with your phone,
etc.) of the issue (WIFI down, LockDown Browser not working, etc.). Otherwise, the test may not
be made up. This may not be a recurring event so if you have WIFI issues, you must take the tests
where WIFI is reliable and if you have LockDown Browser issues, you must get IT HELP assistance
to ensure that the issues are resolved. If it’s not documented, then you don’t have a valid excuse.
EXTRA CREDIT
Each of the tests will include from 6 or more bonus points.
As discussed under Quizzes above, if you don’t miss any quizzes, you could earn up to 20 extra
credit points.
As discussed below under Attendance, if you have no unexcused absences (meaning you meet all
of the conditions above) including both (a) advance notice of your absence, and (b) a
documented doctor’s visit, you could earn 10 bonus points.
Each Chapter includes a “team” exercise (“Eye of the Tiger”), and members of the teams (if they
actively contributed to the team during the exercises during the semester) will be awarded bonus
points as follows: 1st place - 8 bonus points; 2nd place - 5 bonus points; and 3rd place – 3 bonus
points. If I determine, at my sole discretion, that any team or person is not putting forth their
best efforts in these exercises, they will have substantial points deducted, increasing in number
for repeat offenses.
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HONORS PROJECT
Honors students will do a project on a current or complex technical topic in accounting as per
supplemental instructions that will be given to the students in the Honors program. The project
is worth 20 points and must be submitted in hard copy and electronically at a date to be
communicated with those students.
All assignments must be completed by the due date and time; there will be NO EXTENSIONS for
any reason (technology failures, illness, personal problems, etc.). You permanently lose the
points for that assignment if you do not complete the homework assignment on Spiceland’s
Connect platform before the deadline. Please don’t risk waiting until the “last minute” to do your
assignments, and then encounter a computer, internet, etc. problem that prevents you from
completing the assignment by its deadline! Make sure that you double-check that you have
properly submitted the homework before the deadline.
All of these homework assignments are done and graded on Spiceland’s Connect platform, so you
are responsible to make sure that your connection to Canvas is working, that your Spiceland
Connect registration is completed, and that you are connected to Spiceland’s Connect platform.
If you have issues with your Spiceland connection, you must contact McGraw-Hill for resolution.
Each of these graded homework assignments counts 20 points for a total of 160 points during the
semester. You will have more than one attempt to enter the completed assignment.
Prior winning Eye of the Tiger teams told me that “we worked on every question as a team”, or
“all students answered some questions and then other students always double checked the
answers; when we hit roadblocks, which often happened, we discussed them as a team”.
Consider these strategies because teams that work effectively and have a good “quality control”
mechanism do well in the team competition.
As previously discussed, bonus points will be awarded to team members based on the cumulative
accuracy of the teams’ answers throughout the semester (8 points, 5 points, and 3 points to the
1st, 2nd, and 3rd place teams, respectively, in each class). It’s an incentive for all students to
collectively work hard during these exercises (these bonus points make a difference in the final
grades of several students each semester). If you haven’t adequately studied a chapter, then you
fail both yourself and your team. Letting a team down, in class and in the real world, is
inexcusable and unacceptable, so I hope that you seriously engage in these exercises and use
your team time wisely.
The following table reflects the penalty points that will be deducted from your total points for
“unexcused” absences as described above under Quizzes, and for students who are not prepared
for class, or who don’t actively participate in class (as determined at my sole discretion):
PREPARATION – You can only be successful in this class with substantial advance preparation;
procrastination ensures failure. Advance preparation includes:
Printing the PowerPoint slides (in Canvas Files) and studying them in conjunction with the text
prior to the 1st class in which we discuss a new chapter.
Conscientiously viewing the MP4 lectures (in Canvas Pages) of the PowerPoint slides prior to
the 1st class in which we discuss a new chapter. There is insufficient class time to discuss all
points in a chapter, and therefore, these MP4 videos of the PowerPoint slides are critical to
your success in this course, particularly if done properly before the start of a chapter.
There are Quizzes at the start and end of each chapter so if you don’t prepare in advance of our
discussion of each chapter, it will have a significant adverse effect on your grade.
PARTICIPATION – As discussed above, I value your participation and engagement (i.e., asking
questions, answering questions, being a “positive force” in class, etc.).
Again, as discussed above, if you are not participating/engaging in class, at my sole discretion, it
will be treated as an “unexcused absence”.
CLASSROOM ETIQUETTE
There are a few things that I ask you to do to minimize distractions for others in the class and me,
and to help you stay focused in class:
Arrive for class on time (that includes online attendance if that is an option) and it is expected
that you will be in attendance for the full class. If you are going to be late or need to leave
early, you should let me know in advance. Tardiness is VERY DISRUPTIVE.
Come to class alert and excited to participate, engage and learn! Being a positive force will
help you, other students and me. If there is an online option, your video must be activated
and you must be engaged for the entire class. Inattentiveness is all around very distracting.
Stay engaged by taking notes, actively listening, asking questions, and participate!
Cell phones must be off and in bags or pockets once class begins (that includes any online
attendance). As a unique “social experiment”, try talking with your classmates!
Computers may be used for class work only. That means no surfing the web, playing games,
texting, messaging, emails, etc., and this includes students who may be attending online.
Clean up after yourself and be considerate of others! If you bring a drink to class that sweats
on the desk, clean it up before you leave class. If you ate food at your desk before the start of
class, throw away the bags and wrappers after class.
Follow all safety protocols established by the university, including social distancing
requirements (if any), wearing masks (if required), self-quarantining (as required), and NO
MATTER WHAT, I’d suggest wiping down your desk BOTH before the start of class and when
class ends.
Note: Points, testing, grading, and class schedule all subject to change at sole discretion of Terry Knause.
ACCESSIBILITY
Clemson University values the diversity of our student body as a strength and a critical
component of our dynamic community. Students with disabilities or temporary
injuries/conditions may require accommodations due to barriers in the structure of facilities,
course design, technology used for curricular purposes, or other campus resources. Students
who experience a barrier to full access to a class should let the professor know, and make an
appointment to meet with a staff member in Student Accessibility Services as soon as possible.