Diablo Valley College


Gary Pieroni


Business 282 –Intermediate Accounting Section 8887:


Course Description and Objectives:

The primary objective of this exciting course is to help you learn how accounting meets the information needs of various users by developing and communicating information that is useful for external decision making.  This course focuses on the theory and practice of accounting.  This course reviews basic accounting and takes a more in-depth look at accounting theory and practice.   In addition, the course focuses on the concepts and practices underlying general purpose external financial reporting for firms and provides an extensive examination of the accounting issues associated with assets, liabilities, and earnings

PowerPoint Chapter 01

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Course Objectives:

Upon completing the course, you will:

1.       demonstrate an understanding of the concepts and methods used in external financial reporting.

2.       demonstrate an understanding towards preparing for the CPA exam, additional advanced accounting courses, and business life in general.

3.       share your knowledge and ideas by utilizing interpersonal skills in group situations.

4.       explain general aspects of business operations, including the role of accounting and its limitations.

This course incorporates both the theory and practice of accounting.  Consequently, unlike introductory accounting (which covered the practice of accounting), you need to carefully read the assigned chapters in the text.  The pace of the class will be brisk.  In Intermediate Accounting, you should expect to work at least 5 hours outside of class for every class hour.  Since weekly lecture is three hours, you will spend at least fifteen hours a week outside of class to complete the assigned readings and homework.  You may find yourself wanting to spend even more time in order to maximize your learning.


You should have completed an introductory financial accounting course (ie. BUS186 and BUS187) with a grade of C or better.  If you had an introductory accounting some time ago or if you received a weak C, then you are encouraged to extensively review and study Chapter 2 of our textbook.




Intermediate Accounting; Spiceland., Sepe, Tomassini; 3rd edition; Irwin/McGraw-Hill Publishing Company.


Sharp Pencils, Pocket Calculator ( a basic calculator is fine), Big Eraser, Positive Attitude.

Included Material:

Study guide that goes with the text.


Students with Legal Disabilities:

Students who believe they qualify under the Americans with Disabilities Act must make an appointment with a DSPS (Disabled student programs and services) counselor at the Counseling Center for assessment testing and notify me of their counselor’s recommendations.  Please see page 21 of the college catalog for more information.  All recommendations will be implemented with advanced notification.


Your final course grade will be based on the following components, weighted in the following manner.



Midterm 1

Midterm II 

Homework problems (12 @ 10,7,5,3,0) 


Total points     

100 points

100 points

100 points

120 points (extra credit if  you submit all 13 sets)

100 points

520 points


Final Course grades will be based on clustering of total points AT THE END OF THE SEMESTER.  If at any time you desire an idea of where you stand, you can determine your class standing under the time-honored method of 89% of available points to date =A, 79% of available points to date =B,  69% of available points to date = C,  and 59% of available points to date = D.  A progress report will be given to you after each exam and paper so that you can verify the total points you accumulated so far and the percentage of available points earned to date.


Students are expected to take responsibility for meeting class requirements and in submitting work when due.  If you are having problems with homework, the reading, understanding the chapters, writing the paper, etc, please know that there is a tremendous amount of support resources available to you. . . Yes, YOU!  For example,

1.      Office hours:        Mondays 5:00-6:00 PM;  Tuesday/Thursdays 1:00- 3:00 PM and by appointment.  See my schedule outside my office for hours when I am in the lab.

 2.      Homework and Accounting Lab:  Completing the homework is a critical element for course success.   After completing the problem set, you must check your answers with the solutions in the accounting lab.  Mark your corrections in a colored pen/pencil.  Homework submitted without the necessary corrections in colored pen/pencil will receive reduced credit.    You are allowed to miss one homework assignment for emergency reasons.  You can potentially receive 10 points extra-credit if you complete and submit all thirteen assignments. The Accounting lab (BFL 106) is staffed with Accounting faculty and tutors who are available for tutoring and extra help with the homework during the hours that are posted outside the lab.  Please consult the schedule outside the accounting lab next door to the classroom) in order to obtain lab hours.  Furthermore, please be sure to log-in and log-out on the terminal in BFL 106!

 Class participation will be expected.  There will be additional problems that you will do in class and in groups in order to reinforce the concepts from the chapters.  Thus, attendance is a smart idea and highly encouraged as your key to success.  In other words, you and I can’t tell if you’re having problems if you’re not around to practice what you should be learning!

 Make-up Examinations and Missed Homework:

Make-up examinations are only allowed in emergency situations and with advance notification.  You must discuss your situation with me first in order to ensure fairness for others.  You should consider test days to be important days in which you are to come to class fully prepared.  Book the test dates in your planner so that you can organize your activities so they won’t conflict with exam days.  Homework will be accepted early in those instances that you plan to be absent.


Important Dates


Feb 14:         Last day to drop course without “W” on transcript AND last day for CR/NC option.

April 30:        Last day to drop a course (with “W” on transcript).


Academic Dishonesty -   All students are expected to embrace the spirit of academic integrity.  Cheating or plagiarism is in violation of DVC’s code of conduct and contrary to the Accounting profession’s Professional Code of Conduct.  Please know that I take cheating very seriously and any student caught cheating on exams or homework, or plagiarizing written assignments, will earn a zero on that assignment.  You may work together any other time other than during examinations.

Writing Assignment:

Select a FASB ruling that you found interesting or one in which you want to research further.  Additionally, select a company that had significant issues or an accounting treatment relating to your ruling.  You can obtain an annual report from a desired company from the Web or by contacting the firm's public affairs office.  For example, if you want to review Microsoft’s latest annual report, just go to:  WWW.Microsoft.com.  After analyzing the ruling and the specific company applications, write a brief (2-1/2 page maximum) analysis of your company's position, applications, and other issue regarding your topic.  For example, if investments caught your fancy, Microsoft would be a good case study.  You should investigate the "types" of investments Microsoft has. How do they classify and account for them? Why do you think they chose those kinds of investments over others? How does their decision complement their stated strategy in the annual report? What long or short-term implications may this have on the operations of the company?  How does their accounting treatment affect earnings? If on the other hand you are interested in the change in accounting treatment regarding goodwill per SFAS No. 142, you may want to study the impact SFAS 142 had on JDS Uniphase Corporation.  Sample papers from previous semesters are available in my office for your review.  You may work and study in groups, but everyone submits their own (version) paper.  You may use additional resources (e.g. the Internet) as you see fit in order to analyze your topic.  Papers are to be typed and are due no later than Monday, April 19, 2004.


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