Accounting 3311 - 001 

                                              Intermediate Financial Accounting I

Summer 2014 (subject to change)


Instructor:  Dr. Chandra Subramaniam                                             Office:  COB 409C

E-mail:                                            Office Phone:  272-3388

Website: Acct 3311

Meeting: COB 255 MW 8:00 - 10:20pm

Office Hours:  MW4-5pm and by appointment


Course Objective

ACCT 3311 is the first course in the two semester sequence known as Intermediate Financial Accounting.  The first course, 3311, focuses on financial accounting concepts, income measurement and reporting, and the asset and liability side of the balance sheet.  Prerequisites for the course are ACCT 2301, or its equivalent.


Student Learning Outcomes


1.       Students completing the course will demonstrate a basic knowledge of the reporting process;


2.       Students completing the course will be able to recognize, measure, analyze, explain and record pertinent accounting elements (e.g., assets, liabilities, revenues, expenses, etc.) reported in a financial statement; and


3.       Students completing the course will be able to create, prepare and present appropriate GAAP financial statements in the areas listed above. 


Required Textbook

Intermediate Accounting, 15th edition, Kieso, Weigandt, Warfield, Wiley Publishing Co.

Major Exams:     Midsemester Exam 1               June 25, 2014

                                      Midsemester Exam 2               July 9, 2014

                                      Final  Exam                             July 28, 2014      


                Student Evaluation and Grading Policy

The exams will primarily use the multiple choice format. Other exam formats can include, but not be limited to, short answer, essay and problems. A scantron (Form 882-E ) will be required for each exam.  A zero will be given for a missed exam and there are no makeup exams.  If a student misses an exam with a documented excused absence (only the Professor can excuse an absence) the points from the missed exam will be added to the final. A simple four-function calculator is required for this course.  No other calculator may be used for exams.    


Grades will be assigned based on the following point system:


Semester Exams (2 at 100 points each)


In-class quizzes (5 quizzes)




Comprehensive Final Exam


Total Possible Points



Letter grades will be assigned as follows:


                        90% and higher  = A   60-69.999%     = D

                        80-89.999%       = B    Below 60%     = F

                        70-79.999%       = C




Exam Style and Preparation

Examinations will cover material on all readings and homework problems, whether discussed or not, in class.  The exams will focus on major issues of fundamental importance rather than minor technical details. The exams will be designed to test your ability to apply concepts, not to memorize definitions and homework problems.   All exams will be closed book, closed notes and a four function calculator may be used.  The final is a required, comprehensive final. This format is chosen to make sure that you learn the material.

No make-up examinations will be given.  You must notify me (talk to me, not just leave a message) in advance if you will miss an exam due to a University excused absence or other scheduling conflict.  Rescheduling of exams will be done only for University excused absences subject to you having discussed this with me beforehand.



The importance of the homework assignments cannot be emphasized enough.  Quizzes are designed to (1) assess the degree to which you understand the assigned material and (2) help you prepare for exams.    In class quizzes are not announced. Each quiz is worth 10 points.  You will be given seven quizzes and your best five in-class quizzes will be counted towards your grade.  There is no make up for quizzes.

Attendance, Class Procedure and student participation

For students to perform well in this course, class attendance is required. Students are encouraged to actively participate during class to help make the learning experience more meaningful.  While formal class attendance and class participation records are not kept, class participation and class attendance may be used to determine your final grade if you are borderline between two grades. Class time will be used to reinforce or clarify concepts you have tried to learn BEFORE coming to class through STUDYING the text and WORKING the homework problems.  STUDYING involves understanding key terms and working through the numerical examples throughout the chapter.  “Studying” and “reading” the chapter are not the same thing.  Watching your instructor work the homework is not the same as doing it yourself. You are encouraged to review all topics, examples, exercises and problems whether or not covered in class.


You are encouraged to work in groups.  I suggest you study the chapter independently first, then follow up with a group discussion. Remember that "none of us is as smart as all of us."  Just a reminder, if you have not attempted the independent work first, it is unlikely you will gain as much from the group discussion as others who have.  Strive to understand, not memorize.


Expectations of your performance

            As a student in this course, you are expected to contribute to the discussion of points and analysis of issues during every single class meeting.  You are expected to have prepared the assigned readings and homework to the best of your ability for every class.  You will be called on in class whether or not you volunteer. Your answers in class are vital to the development of issues for the class as a whole.  It will make the learning experience for you and the instructor more meaningful.  The greatest determinants of how much you know and retain from this class will be the amount of effort you put into studying the assigned materials before class.



If you have questions or concerns at anytime, please do not hesitate to contact me by e-mail at  I will try to get back to you the same day or the next at the latest. UT Arlington has adopted MavMail as its official means to communicate with students about important deadlines and events, as well as to transact university-related business regarding financial aid, tuition, grades, graduation, etc. All students are assigned a MavMail account and are responsible for checking the inbox regularly. There is no additional charge to students for using this account, which remains active even after graduation. Information about activating and using MavMail is available at





Message from the Chair of the Department of Accounting: Academic Integrity:


Cheating of any kind will not be tolerated and will result in a grade of “F” for the course.

The UTA Academic Conduct policy will be followed.


UT Arlington Honor Code

I pledge, on my honor, to uphold UT Arlington’s tradition of academic integrity, a tradition that values hard work and honest effort in the pursuit of academic excellence.

I promise that I will only submit work that I personally create or contribute to group collaborations, and I will appropriately reference any work from other sources. I will follow the highest standards of integrity and uphold the spirit of the Honor Code.


It is the philosophy of The University of Texas at Arlington that academic dishonesty is a completely unacceptable mode of conduct and will not be tolerated in any form. All persons involved in academic dishonesty will be disciplined in accordance with University regulations and procedures. Discipline may include suspension or expulsion from the University. According to the UT System Regents’ Rule 50101, §2.2, "Scholastic dishonesty includes but is not limited to cheating, plagiarism, collusion, the submission for credit of any work or materials that are attributable in whole or in part to another person, taking an examination for another person, any act designed to give unfair advantage to a student or the attempt to commit such acts."


Accountants are invariably in positions of trust and responsibility.  As such, the accounting profession must demand that its members behave with the highest regard for ethical and moral conduct.  Recent accounting debacles within the business world, and the ensuing economic damage, underscore the importance of this point.  If we fail to demand high standards from the accounting profession, then our economic system will be imperiled.


You have elected to study accounting, and perhaps prepare yourself for a career in accounting.  As such, the Faculty of the Department of Accounting at The University of Texas at Arlington must necessarily expect that you behave according to the same high ethical standards that are expected of the profession itself.


Scholastic dishonesty will not be tolerated.  The Department will, as a matter of policy and without exception, seek strict disciplinary action against any person committing any act of scholastic dishonesty --  including cheating, plagiarism, collusion, the submission for credit of any work or materials that are attributable in whole or in part to another person, taking an examination for another person, or any act designed to give unfair advantage.


In addition, each student should consider it their personal obligation to report any known or suspected acts of scholastic dishonesty.  Failure to report a known act of scholastic dishonesty will be regarded as collusion with that act.  Please advise your professor promptly of any known or suspected act of scholastic dishonesty.


It is the Department’s hope that, by taking a strong and known stand against scholastic dishonesty, the frequency with which it occurs will be greatly curtailed.  We wish you the very best in your study of accounting, and hope that your time at UTA will be better spent in an environment free of scholastic dishonesty.



Drop Policy

Graduate students need to consult with their Graduate Advisor to drop or add a course.  Graduate students who wish to change a schedule by either dropping or adding a course must first consult with their Graduate Advisor. Regulations pertaining to adding or dropping courses are described below. The last day to drop a course taught in regular semesters is on October 30, 2013. The last day to drop a course is listed in the Academic Calendar available at

1.       A student dropping a graduate course after the Census Date but on or before the end of the 12th week of class may with the agreement of the instructor, receive a grade of W but only if passing the course with a C or better average. A grade of W will not be given if the student does not have at least a C average. In such instances, the student will receive a grade of F if he or she withdraws from the class.

2.       A student desiring to drop all courses in which he or she is enrolled is reminded that such action constitutes withdrawal (resignation) from the University. The student must indicate intention to withdraw and drop all courses by filing a resignation form in the Office of the Registrar or by Web at

3.       In most cases, a student may not drop a graduate course or withdraw (resign) from the University after the 12th week of class. Under extreme circumstances, the Dean of Graduate Studies may consider a petition to withdraw (resign) from the University after the 12th week of class, but in no case may a graduate student selectively drop a course after the 12th week and remain enrolled in any other course. Students should use the special Petition to Withdraw for this purpose. See the section titled Withdrawal (Resignation) From the University for additional information concerning withdrawal.


College Policy:  Students who have not paid by the census date and are dropped for non-payment cannot receive a grade for the course in any circumstances.  Therefore, a student dropped for non-payment who continues to attend the course will not receive a grade for the course.  Emergency loans are available to help students pay tuition and fees.  Students can apply for emergency loans by going to the Emergency Tuition Loan Distribution Center at E.H. Hereford University Center (near the southwest entrance).


Student Support Services Available: The University of Texas at Arlington provides a variety of resources and programs designed to help students develop academic skills, deal with personal situations, and better understand concepts and information related to their courses. These resources include tutoring, major-based learning centers, developmental education, advising and mentoring, personal counseling, and federally funded programs. For individualized referrals to resources for any reason, students may contact the Maverick Resource Hotline at 817-272-6107, send a message to or visit for more information.


Americans with Disabilities Act (ADA):

The University of Texas at Arlington is on record as being committed to both the spirit and letter of all federal equal opportunity legislation, including the Americans with Disabilities Act (ADA). All instructors at UT Arlington are required by law to provide "reasonable accommodations" to students with disabilities, so as not to discriminate on the basis of that disability. Any student requiring an accommodation for this course must provide the instructor with official documentation in the form of a letter certified by the staff in the Office for Students with Disabilities, University Hall 102. Only those students who have officially documented a need for an accommodation will have their request honored. Information regarding diagnostic criteria and policies for obtaining disability-based academic accommodations can be found at or by calling the Office for Students with Disabilities at (817) 272-3364.


Absences Based on Religious Beliefs:

A student who misses an examination, work assignment, or other project due to the observance of a religious holy day will be given the opportunity to complete the work missed within 15 days following the due date of the assignment, test, or other project missed.  To be eligible for such a make-up, the student must notify me in writing of classes scheduled on dates he or she will be absent to observe a religious holy day.  Notification must be made within the first 15 (fifteen) class days through either a written correspondence, personal delivered, acknowledged and dated by me or written correspondence sent certified mail, return receipt requested to me.  Failure to follow the rules provided above within the time frames listed will result in the absence being considered unexcused. 


College of Business Bomb Policy:

Section 22.07 of the Texas Criminal Law states that a Class A misdemeanor is punishable by (1) a fine not to exceed $4,000, (2) a jail term of not more than one year, or (3) both such a fine and confinement.  If anyone is tempted to call in a bomb threat, be aware that UTA will soon have technology to trace phone calls. 


Every effort will be made to avoid cancellation of presentation/tests caused by bomb threats to the Business Building.  Unannounced alternate sites will be available for these classes.  If a student who has a class with a scheduled test or presentation arrives and the building has been closed due to a bomb threat, the student should immediately check for the alternate class site notice which will be posted on/near the main doors on the south side of the Business building.  If the bomb threat is received while class is in session, your instructor will ask you to leave the building and reconvene at another location. 


Students who provide information leading to the successful prosecution of anyone making a bomb threat will receive one semester’s free parking in the Maverick Garage across from the Business Building.  UTA’s Crimestoppers will provide a reward to anyone providing information leading to an arrest.  To make an anonymous report, call the Police non-emergency number,817-272-3381.


Evacuation Procedures


Should we experience an emergency event that requires us to vacate the building, students should exit the room and move toward the nearest exit. All those in the North tower side of the building should proceed to the fire escape stairs located on the East and West sides of that wing. When exiting the building during an emergency, one should never take an elevator but should use the stairwells. With the fire alarm system we now have, the elevators will all go to the first floor and stay there until the system is turned off.


Faculty members and instructional staff will assist students in selecting the safest route for evacuation and will make arrangements to assist handicapped individuals.


FOR DISABLED PERSONS…..please go to the Northeast fire stairs.  We have an evacu-track chair located on the 6th floor stairwell. We have people trained in the use of this chair and there will be someone that will go to the 6th floor to get the chair and bring it to any lower floor stairwell to assist disabled persons.


Should this be a real emergency, the Arlington Fire Department and UTA Police will also be here to help. 


Students: …..“If you require an accommodation based on disability, I would like to meet with you in the privacy of my office, during the first week of the semester, to make sure you are appropriately accommodated.”  Thanks.




Intermediate Accounting I    3311

Assignment Schedule  Summer 2014









June 2


Introduction & Chapter 1

Read and Study Chapter 1



Chapter 1, 2




Chapter 2

Ex : 2, 4,6,7,9



Chapter 3

Ex: 1,10,14,17, 18, 20, P10



Chapter 4

Ex : 5, 7,8 P3, P4a



Chapter 5, pp 212-228

Ex:2,4,7, P4,P5



Chapter 7

Ex: 7,9,16,17, P5,P7, P11



Exam 1 (Ch 1-5,7)




Chapter 8

Ex : 6, 8, 9, 13, 17, 25, P2,P11

July 2


Chapter 9

Ex: 3, 4, 14, P3, Ex: 19,20,22, P6, P8




Ex: 5,7,8,9,18,21, P2 P3,P7, P10



Exam 2 (Chap 8-10)




Chapter 11

Ex: 1,5,6,11,16,18, P3,P12



Chapter 12

Ex : 9, 12,17, P3, P5



Last day to drop class




Chapter 13

& Chapter 6

Ex: 4,9,11,13,14,15, P4,P6, P14

Ex: 1, 7, 8, 11, 14,P5, P7



Chapter 14

Ex : 4,5,9,10,13,16, P2, P5,P8,CA1,CA2



Final Exam (Ch 1-14)

8:00 -10:20pm