AIM 6332.

501 SPRING 2006

ISSUES IN FINANCIAL REPORTING

ISSUES IN FINANCIAL REPORTING

AIM 6332.501 SPRING 2006
Class Meeting Instructor
Wednesday 7:00 p.m.- 9:45 p.m., SOM 2.904 Sharmila McDonald, CPA – SOM 4.224

Office Hours: Wednesday 5:45 p.m. – 6:45 p.m. Email: sharmila.mcdonald@utdallas.edu

or by appointment Phone: (214) 228-3611

COURSE OBJECTIVES:
This course is a continuation of topics in external financial reporting, including: issues related to the measurement and
reporting of current liabilities and contingencies, bonds, leases, deferred taxes, pensions, stock-based compensation
plans, shareholders equity, earnings per share, accounting changes, and cash flows. Current generally accepted
accounting principles for financial reporting are analyzed as is their effect on the presentation of financial results by
corporations and other entities. Students who have taken AIM 3332 (Intermediate Accounting II) or its equivalent may
not take AIM 6332.
REQUIRED COURSE MATERIAL AND CAPABILITIES:
Intermediate Accounting, Third Edition, Volume 2, by Spiceland, Sepe & Tomassini
(Internet access: http://highered.mcgraw-hill.com/sites/0073123137/student_view0/index.html)
It is expected that students will have a reasonable understanding of financial accounting and a working knowledge of
Microsoft Excel. The prerequisite for this course is AIM 6330.
COURSE REQUIREMENTS & GRADING:
Advance preparation and participation in class discussions is an important part of the learning experience in this course.
Attendance Policy
There is a direct relationship between attendance at every class and successful completion of the course.
Announcements may be made in class, and students are responsible for these, irrespective of attendance or
nonattendance at the time of announcement.
Reading Assignments and Problems
Text chapter reading assignments and homework problems are indicated on the attached schedule. Supplemental
materials may be provided as well. Chapter reading assignments should be completed in a timely manner. All efforts
will be put forward to cover each chapter in a detailed manner. However, because of the quantity of material to be
covered, an in depth study of each chapter is impossible. It is the responsibility of the student to cover any portions not
fully explained in class unless otherwise advised. Work as many of the homework problems as you can. Your problems
will not be graded. However, to receive maximum benefit from class, homework assignments should be completed soon
after the class.
Examinations
There will be three regular closed book examinations, each covering the chapters as indicated in the course outline.
Each test is a combination of multiple choice questions, problems, and essays. Please bring a Scantron form 882-E at
each examination. No scratch paper is allowed in the examination.
Makeup exams are given only for excused absences, which may be given for verifiable medical or family emergencies.
The student must contact me regarding the excused absence prior to the exam. Written documentation must be
provided to qualify for an excused absence. Students who do not show up for an exam without making arrangements
with me prior to the exam will receive a zero, and I cannot guarantee that the level of difficulty of the makeup exam
will be comparable to the exam given at the scheduled time.
 AIM 6332.501 SPRING 2006
ISSUES IN FINANCIAL REPORTING

Grading

Scale (minimum values): A = 270, B = 240, C = 210, etc.

Examination 1 100
Examination 2 100
Examination 3 100
Total points 300

ACADEMIC ETHICS AND AMERICANS WITH DISABILITIES ACT COMPLIANCE:

All students are expected to behave in accordance with the academic integrity policy of The University of Texas at
Dallas. A student’s personal integrity will be essential to successfully completing this course.
It is the policy of The University of Texas at Dallas to provide reasonable accommodations for qualified individuals
who are students with disabilities. This University will adhere to all applicable Federal, State, and local laws,
regulations and guidelines with respect to providing reasonable accommodations as required to afford equal educational
opportunity. It is the student’s responsibility to contact the faculty member and/or the Service for Students with
Disabilities in a timely manner to arrange for appropriate accommodations.
 AIM 6332.501 SPRING 2006
ISSUES IN FINANCIAL REPORTING

COURSE OUTLINE:

DATE CHAPTER TOPIC(S) HOMEWORK AND ASSIGNMENT(S)

1/11/06 Course Introduction E13-3, E13-7, E13-9, E13-10, E13-14,
Chapter 13- Current Liabilities & Contingencies E13-16, E13-17, P13-4

1/18/06 Chapter 14- Bonds E14-4, E14-5, E14-7, E14-13, E14-14,

(Skip Part B) E14-17, E14-18, E14-19, P14-4
1/25/06 Chapter 15- Leases E15-1, E15-3, E15-4, E15-5, E15-6, E15-8,
(Skip Part B) E15-9, E15-10, E15-25, E15-26

2/1/06 EXAMINATION 1

2/8/06 Chapter 16- Accounting for Income Taxes E16-4, E16-7, E16-9, E16-11, E16-23,
E16-24, E16-26, P16-7
2/15/06 Chapter 17- Pensions E17-1, E17-2, E17-3, E17-4, E17-5, E17-8,
(Skip Part D) E17-10, E17-19 (Omit #4), P17-2, P17-6,
P17-9
2/22/06 Chapter 18- Employee Benefit Plans E18-12, E18-14 (Omit #5), E18-15,
(Skip Part A) E18-19, E18-20 (Omit #3), E18-22, P18-6
(FV Approach Only)
3/1/06 Chapter 19- Shareholders’ Equity E19-3, E19-5, E19-6, E19-7, E19-9,
E19-11, E19-13, E19-14, E19-15, E19-16,
P19-9, P19-10
3/8/06 University Holiday- No Class!
3/15/06 EXAMINATION 2

3/22/06 Chapter 20- Earnings per Share E20-1, E20-4, E20-5, E20-10, E20-11,
E20-12, E20-13, E20-17, P20-7
3/29/06 Chapter 21- Accounting Changes and E21-1, E21-3 (Omit #4), E21-5, E21-8,
Error Corrections E21-13, E21-17, E21-19, E21-22, E21-24

4/5/06 Chapter 22- The Statement of Cash Flows E22-1, E22-13, E22-16, E22-17, E22-24,
E22-26, E22-29, E22-30, P22-8 (Omit #1)

4/12/06 Current Topics in Accounting- Guest Speaker

4/19/06 EXAMINATION 3