MAJOR LEARNING OUTCOMES: The student will identify the various costs included in the initial cost of property, plant, and equipment, natural resources, and intangible assets. 2. The student will determine depreciation (depletion in case of natural resources) using both time-based and activity-based methods. 3. The student will describe the amortization and valuation of intangible assets. 4. The student will identify the situations that involve significant impairment of the value of operational assets and describe the required accounting procedures. 5. The student will demonstrate how to identify an account for investments and its different classifications. 6. The student will define liabilities and distinguish between current, long-term liabilities, and other instruments of debt such as bonds. 7. The student will describe the components of shareholder’s equity and explain how they are reported in the statement of shareholder’s equity. 8. The student will calculate Earnings per Share (EPS) ASSIGNMENTS AND SCHEDULE: MODULE TOPIC ASSIGNMENTS Module 1 CH 10 Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition. Initial cost of property, plant, and equipment Intangible assets Exchange for equity securities Fixed-asset turnover ratio Dispositions and exchanges Capitalized interest Accounting treatment of costs incurred *Acceptance of Syllabus Quiz *Introduction discussion post *Learn Smart CH 10 Homework CH10: ConnectPlus #Quiz CH10: ConnectPlus #Weekly discussion question-initial post #Weekly discussion question-reply post * DUE: Tuesday 3/21 10AM # DUE: Wednesday 3/22 10AM ALL assignments are accessible until their scheduled due date. Thus, I “highly encourage” you to work ahead of schedule since our 8-week course progresses quickly.
MODULE TOPIC ASSIGNMENTS Module 2 CH11 Property, Plant, and Equipment and Intangible Assets: Utilization and Impairment. Concept of cost allocation Periodic depreciation Periodic depletion Periodic amortization of intangible assets Different accounting treatments Accounting treatment for errors Identify significant impairment Repairs, maintenance, additions, improvements *Learn Smart CH 11 *Homework CH11: ConnectPlus #Quiz CH11: ConnectPlus #Weekly discussion question-initial post #Weekly discussion question-reply post * DUE: Tuesday 3/28 10AM # DUE: Wednesday 3/29 10AM Module 3 CH 12 Investments. Held-to-maturity Trading securities Available-for-sale securities Significant influence Equity method Fair value of the net asset * Learn Smart CH 12 * Homework CH12: ConnectPlus # Quiz CH12: ConnectPlus #Weekly discussion question-initial post #Weekly discussion question-reply post * DUE: Tuesday 4/4 10AM # DUE: Wednesday 4/5 10AM
Module 6 CH15 Leases Operational, financial, and tax implications Rental agreements Leases classification Transactions associated with operating leases Capital lease Sales-type lease Bargain purchase option Residual value of a leased asset Executory cost, discount rate, initial direct cost, and contingent rentals Sale-leaseback agreements CH18 Shareholder’s Equity Components Comprehensive income Forms of organizations Issuance of shares Retired shares and treasury shares Paid-in capital Dividends Stock dividends and splits * Learn Smart CH 15 * Homework CH15: ConnectPlus # Quiz CH15: ConnectPlus * Learn Smart CH 18 * Homework CH18: ConnectPlus # Quiz CH18: ConnectPlus #Weekly discussion question-initial post #Weekly discussion question-reply post * DUE: Tuesday 4/25 10AM # DUE: Wednesday 4/26 10AM