ACCT 316 SB02, Intermediate Financial Accounting 2 Winter 2022

Department of Accounting & Finance

COURSE OUTLINE
Winter 2022
The University reserves the right to modify or replace the method of delivery for the course, including a
temporary or permanent suspension of in-person learning in favour of virtual or online learning at any
time before or during the course where the University determines that the delivery of in-person learning
presents a risk to the health or safety of the University or to a member of the MacEwan University
community, or for any other reason as determined by the University. Any change in the method of
delivery for the course will be announced via email notification to students’ MacEwan email addresses.

Classes will be online for January 5 – 21. Then, watch for an announcement after that.

If the winter weather turns severe then classes may temporarily be moved online. An
announcement would be posted in Blackboard to the entire class, by 8am if class for the day
is affected.

COURSE: ACCT 316 (Intermediate Financial Accounting II) Section SB02

CREDIT VALUE: 3 Credits

HOURS: 45 Lecture Hours
PREREQUISITE: Minimum grade of C- in ACCT 315

CLASS Tuesday/Thursday 11:00 – 12:20

SCHEDULE: Date range Jan 6 to Apr 5, 2022
Final Exam Period: April 7 – 20, 2022
Classes moved online Jan 5 – 21, 2022 due to covid
Classes will be ASYNCHRONOUS Jan 5 - 21

LOCATION: Online and ‘in-person’ Room 5-259 when face-to-face classes resume

INSTRUCTOR: Darlene Lowe MBA, CPA, CMA

CONTACT Office: 6-315

INFORMATION: Email: lowed@macewan.ca
Blackboard: learn.macewan.ca

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ACCT 316 SB02, Intermediate Financial Accounting 2 Winter 2022
Department of Accounting & Finance

OFFICE HOURS: Tuesdays and Thursdays 2:30 – 3:00 pm in-person in room 6-315, or by
appointment to meet virtually in Collaborate at a mutually agreed upon time.
While classes are moved online, send me an email and we will meet
virtually. Once classes resume, this will be revisited.

REQUIRED TEXT: Kieso, D. E., Weygandt, J. J., Warfield, T. D., Young, N. M., Wiecek, I. M.,
McConomy, B. J. (2019), Intermediate Accounting (12th Canadian Ed. Vol. 2).
Toronto, ON: Wiley.

MATERIALS: WileyPlus, Blackboard learn, and examples provided for each chapter

DESCRIPTION: This is the second of two intermediate financial accounting courses that
emphasize the preparation of financial statements for external users in
accordance with current reporting standards. This course provides an in-
depth examination of accounting for liabilities, owners' equity and cash
flow, including accounting for income tax, pensions and leases. Accounting
changes and accounting errors are also analyzed.
COURSE Upon completion of this course, the student will be able to …
LEARNING
OUTCOMES:
▪ Explain and apply the accounting for liabilities and equity, in particular
liabilities for post-retirement benefits, leases and future income taxes.
▪ Calculate basic and diluted earnings per share.
▪ Prepare a statement of cash flows in accordance with current reporting
standards.
▪ Apply current reporting standards for accounting changes and accounting
errors.

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ACCT 316 SB02, Intermediate Financial Accounting 2 Winter 2022
Department of Accounting & Finance

EVALUATION: The final grade will be based on a total of 100 points allocated as follows:

Activity Weight Date

Student online introduction and photo 1% Sunday, Jan 9th by 11 pm in Blackboard
Midterm Exam #1 20% Please refer to page 8
Midterm Exam #2 25% Please refer to page 8
Online Assignments (WileyPLUS) 20% Please refer to page 5/6
Online instructor assessment 1% Date will be announced in Blackboard
Final Exam (Cumulative) 33% As per official Final Exam Schedule
Total 100%

GRADING: Assignments submitted after the due dates will receive a grade of zero, if the
student has not received prior permission to hand in late from the instructor.

Midterm exams will be marked, and results made available to students within two
weeks under normal circumstances. Results will be posted in the My Grades section
of Blackboard.

If you miss the midterm exam for health reasons, you are required to contact the
instructor within two days of the exam. Verification of illness supported by a
health professional’s note will be required.

Medical notes must include: the date you were examined by a doctor, a clear
statement indicating that due to the severity of the illness you were unable to write
the exam on the scheduled date, and the signature of the doctor. These medical
notices must be received no later than two days following the exam date. Scanned
or photographic copies of the medical notes are acceptable but must be followed by
the original note. Exceptions will be made in the case of debilitating illnesses which
preclude you from submitting the medical note, with proper documentation of the
debilitating circumstances.

Following consultation with the instructor, a deferred exam may be granted at the
discretion of the Department Chair and must take place at MacEwan Exam Services
within two weeks of the original exam, unless the medical condition precludes you
from writing. No other accommodation will be provided except in extraordinary
circumstances.

A student who is unable to write a final exam at the scheduled time for a compelling
reason such as illness, domestic affliction, or religious conviction, must apply to the
instructor for a deferred exam. The student must normally apply for the deferred
exam not more than two days after the missed final exam. Again, relevant
supporting documentation is required. Approval for a deferred final exam rests
with the department chair.

The approved Deferred Examination Request Form, along with the exam will be
forwarded to the Exam Services Centre in Room 6-224. Exam Services will work

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with the student to schedule the exam during the newly arranged writing period. A
$75 deferred exam fee will be applied to the student’s account after writing the
exam. Ensure fees are paid via myStudentSystem or at the Office of the University
Registrar following the exam.

Your university grade will be determined using the following scale:

Grade Point
Letter Grade Grade Descriptors Percentages
Value
A+ 4.0 Outstanding 95-100%
A 4.0 90-94%
A- 3.7 Excellent 85-89%
B+ 3.3 80-84%
B 3.0 75-79%
B- 2.7 Good 70-74%
C+ 2.3 65-69%
C 2.0 61-64%
C- 1.7 Satisfactory 57-60%
D+ 1.3 Poor 53-56%
D 1.0 50-52%
F 0.0 Fail 0-49%
WF 0.0 Withdraw Failure

STUDENT Any concerns or issues that a student has with the course content and/or the
CONCERNS: course instructor should be discussed personally with the instructor in an effort to
resolve any differences that may exist. In this regard, you are referred to the
Student Rights and Responsibilities (Policy E3101) section of the University
Calendar (under Policies and Regulations). Further, please be advised that
instructors will not discuss concerns regarding other instructors and that students
will be directed to discuss their concerns with the instructor in question, in person.

WITHDRAWALS: Students should go into the Student Services Centre and click on the calendar icon
beside the courses they are registered in to determine the add/drop and academic
withdrawals dates. Non-attendance does not constitute a withdrawal nor does
simply notifying your instructor. Failure to officially withdraw will result in a failing
grade. Course withdrawals should be completed online through myStudentSystem
on or before the deadline.

POLICIES: Students are responsible for reviewing and understanding MacEwan’s policies. Each of the
following policies can be found at MacEwan.ca/Policies:
Academic Integrity
Final Assessment
Grading
Refunds of Tuition and Student Fees
Repeating Credit Courses at MacEwan University
Student Appeals
Students with Disabilities
ACADEMIC MacEwan’s Academic Integrity Policy promotes honesty, fairness, respect, trust,
INTEGRITY and responsibility in all academic work. The policy defines academic misconduct
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POLICY: as the following: “Participating in acts by which a person gains or attempts to gain
an unfair academic advantage thereby compromising the integrity of the academic
process,” including:
• cheating
• plagiarism
• improper collaboration
• fabrication and falsification
• assisting others in dishonest behavior
• obtaining an unfair advantage
• multiple submission
• contract cheating – a form of severe academic misconduct consisting of
outsourcing or attempting to outsource academic work to a third party

The penalties for academic misconduct include the following:

• reduction of a student’s mark on the academic work to zero
• assigning a grade of F in a course
• requirement to withdraw from the university for a specified period, with a
transcript notation of “academic discipline”

Students are responsible for understanding what constitutes academic misconduct.

All incidents of academic misconduct are reported to and recorded by the Office of
Academic Integrity. Information and resources are available on MacEwan’s
Academic Integrity Website.

GRADE POINT In order to remain in good standing, a student must have an overall Program
AVERAGE: GPA of 2.0. A GPA of less than 2.0 may result in academic probation or withdrawal
from the program. It is the responsibility of each student to monitor their
GPA and the number of times they have repeated a course.

Online Assignments (20% WileyPlus):

• You have three attempts for each question on the assignment. Your grade will be the
highest of the three attempts
• You will be given the solutions, via WileyPlus, after the third attempt and after the
assignment deadline has passed.
• Any student who misses the assignment or does not submit the assignment by the due date
will automatically receive a grade of zero. No make-up assignments will be permitted
unless there are extenuating circumstances and your instructor is contacted before the
deadline.

Availability Period
Assignment From To Weight
Chp.13 Jan 6 – 8:00 am Jan 23 – 10:59 pm 2%
Chp.14 Jan 13 – 8:00 am Jan 30 – 10:59 pm 2%
Chp.15 Jan 20 – 8:00 am Feb 6 – 10:59 pm 2%
Chp.16 Jan 27 – 8:00 am Feb 13 – 10:59 pm 2%
Chp.17 Feb 3 – 8:00 am Feb 20 – 10:59 pm 2%
Chp.18 Feb 15 – 8:00 am Mar 6 – 10:59 pm 2%
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ACCT 316 SB02, Intermediate Financial Accounting 2 Winter 2022
Department of Accounting & Finance

Chp.19 Mar 1 – 8:00 am Mar 20 – 10:59 pm 2%

Chp.20 Mar 8 – 8:00 am Mar 27 – 10:59 pm 2%
Chp.21 Mar 17 – 8:00 am Thur, Apr 7 – 10:59 pm 2%
Chp.22 Mar 24 – 8:00 am Thur, Apr 7 – 10:59 pm 2%
Total 20.0%

Midterm & Final exams:

Hopefully, the midterms and final exam will be face-to-face on campus. More information will be
disclosed after January 21st when a decision will be made if face-to-face classes resume.
Midterm exam I (20%): will cover concepts from Chapters 13 to 16, term exam will consist of
written questions and multiple-choice questions. The written questions allow students to apply
course concepts, and qualitative and quantitative critical thinking skills to solve various accounting
problems and situations. Multiple choice questions allow students to apply theory, vocabulary,
definitions, and qualitative / quantitative critical thinking skills.
Midterm exam II (25%): will cover concepts from Chapters 17 to 20. Exam will consist of
written questions and multiple-choice questions. The written questions allow students to apply
course concepts, and qualitative and quantitative critical thinking skills to solve various accounting
problems and situations. Multiple choice questions allow students to apply theory, vocabulary,
definitions, and qualitative / quantitative critical thinking skills the exam will be retained by the
instructor.
Final exam (33%): The final exam will be hopefully be face-to-face. It will be 2 hours in length.
The final exam will include all chapters (cumulative) with heavier weight on the chapters covered
since Midterm exam II. The final exam will consist of written questions and multiple-choice
questions. The written questions allow students to apply course concepts, and qualitative /
quantitative critical thinking skills to solve various accounting problems and situations. Multiple
choice questions allow students to apply theory, vocabulary, definitions, and qualitative /
quantitative critical thinking skills.

STUDENT RESPONSIBILITIES
It is your responsibility to keep up with class work, even when you have been absent from class.
Absence from class will not be accepted as a legitimate reason for failure to attend an exam or to
seek a higher grade because of inability to answer an exam question.
Students are responsible for their progress in this course. In all university and professional courses,
homework is an essential ingredient to successful completion of the course. Homework includes
the online assignments, extra practice problems and required readings prior to each class. Students
should have studied and completed the required reading prior to attending each class. Students
must follow the course outline and review the appropriate material in the textbook before coming
to class. Completing as many practice problems (out of the textbook or online in WileyPLUS) as
possible is absolutely necessary to understand the material in this course. Failure to read prior to
coming to meetings and lack of practice are the major reasons why students do poorly in
accounting classes.
This is a difficult course. For each topic covered, there will be two or three lectures that will
progressively cover more difficult and technically challenging material. If you do not understand

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the earlier material, you WILL NOT be able to understand the later lectures. Please ask questions
during meeting and/or email me at an early stage in the course.
Professional Behavior and Confidentiality consent:
As this course is the continuation of your journey to professional standing, your behavior in it is
expected to include three items:

(1) You are honest as you represent yourself to the instructor and other students in the class.
You faithfully represent the expertise you possess and the capability you have. You agree
that you are the legally registered student in this course, and that you are completing all
online work, including exams, on your own.
(2) You will exercise confidentiality, and refrain from disclosing information from this course
to people who are not students in this course; and you agree not to use, copy, forward,
upload or use in any other manner, the material in this course other than to learn the
information in this course.

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ACCT 316 SB02, Intermediate Financial Accounting 2 Winter 2022
Department of Accounting & Finance

CLASS SCHEDULE: The following schedule is subject to change as the course

progresses.

Date Topic Chapter & Format

Jan 6 & 11 Non-Financial and Current Liabilities Chp 13 - online

Jan 13 & 18 Long-Term Financial Liabilities Chp 14 - online

Jan 20 Shareholders' Equity Chp 15 – online

Jan 25 Chpt 15 – class?

Jan 27 & Feb 1 Complex Financial Instruments Chp 16 – class?

Feb 3 Earnings Per share Chp 17 – class?

Feb 8 Midterm Exam 1 20%– Chapters 13-16 inclusive – class?

Feb 10 Earnings Per share Ch 17 – class?
Feb 15 & 17 Income Taxes Ch 18 – class?

Feb 22 – 25 No classes – Reading Break

Mar 1 & 3 Pensions and Other Employee Future Benefits Chp 19 – class?

Mar 8 & 10 Leases Ch 20 – class?

Mar 15 Midterm Exam 2, 25% - Chapters 17-19

inclusive - class?
Mar 17 & 22 Accounting Changes and Error Analysis Chp 21- class?
Mar 24 & 29 Statement of Cash flow (Direct method only) Chp 22 - class?
Mar 31 & Apr 5 Other Measurement & Disclosure Issues Chp 23 – class?

33% Final Exam cumulative: Refer to University Schedule for date & time

Classes will be online for January 5 – 21 then the University will announce how the term will
continue. Watch for an email update and an announcement in Blackboard. For now, in the
schedule above, I have said, “class?” as we don’t know what will happen this term. The
course will proceed either online or in person after January 21st.

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ACCT 316 SB02, Intermediate Financial Accounting 2 Winter 2022
Department of Accounting & Finance

ACCT 316
INTERMEDIATE FINANCIAL ACCOUNTING II
TEXTBOOK recommended activities
Twelfth Canadian Edition, Volume 2,Kieso, et al
Module Topics & Chapters Recommended Exercises & Problems
1 Current Liabilities BE: 13-4; 13-10; 13-15; 13-16; 13-17; 13-20; 13-
Ch.13 21; 13-25, 13-26; 13-31
E: 13-1; 13-2; 13-10; 13-19; 13-21 &22
P: 13-10; 13-11
2 Bonds Payable BE: 14-3; 14-4; 14-5; 14-7; 14-21
Ch.14 E: 14-6; 14-9; 14-12; 14-1314-23
P: 14-9; 14-13
3 Shareholders’ Equity BE: 15-4; 15-7; 15-10; 15-14
Ch.15 E: 15-3; 15-5; 15-12
P: 15-1; 15-5; 15-7
4 Complex Financial BE: 16-2; 16-11; 16-14
Instrument E: 16-2, 16-9; 16-10; 16-16;
Ch.16 P: 16-1; 16-7; 16-8

5 Earnings per Share BE: 17-1; 17-2; 17-5; 17-9; 17-11; 17-14
Ch.17 E: 17-5; 17-6;
P: 17-4; 17-12
6 Income Taxes BE: 18-4; 18-5; 18-10; 18-13; 18-16; 18-17
Ch.18 E: 18-1
P: 18-1; 18-3; 18-6
7 Pensions BE: 19-4; 19-5; 19-9; 19-10; 19-11, 19-12
Ch.19 E: 19-3; 19-10; 19-11
P: 19-3; 19-4; 19-7
8 Leases BE: 20-1; 20-4
Ch.20 E: 20-1; 20-4; 20-6; 20-11; 20-14;
P: 20-5; 20-6
9 Accounting Changes & BE: 21-1; 21-3; 21-10; 21-14
Errors E: 21-3; 21-7; 21-11; 21-25
Ch.21 P: 21-5; 21-12
10 Statement of Cash BE: 22-4; 22-9
Flows E: 22-2; 22-10; 22-12; 22-14
Ch.22 P: 22-4; 22-7

11 Other Measurement & BE: 23-6; 23-12; 23-18

Disclosure Issues E: 23-5;
P: 23-1; 23-3
BE: Brief Exercises E: Exercises P: Problems
Note to students: Please use the above activities to understand materials. However,
for exam preparation, you might want to practice more activities from the text, not
including in the above list.
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