Stan Ross Department of Accountancy

Zicklin School of Business, Baruch College

City University of New York
ACC 3100

Financial Accounting II
Spring 2016

Instructor: Prof. Zhen Deng

Day/Time: Mon/Wed 7:50-9:30am
E-mail:
Zhen.deng@baruch.cuny.edu

Section:
Room:
Office Hours:

GMWA
VC 11 -150
Mon/Wed 9:30-10:00 am

Course Objectives
ACC 3100 builds upon Acc 3000. These two courses are designed to develop students knowledge of
the theory, concepts, principles, and practices underlying the preparation of financial reports in
accordance with US GAAP. Acc 3000 mainly focused upon the US GAAP rules relating to accounting
for assets. In this course we will focus on the US GAAP rules relating to the accounting for liabilities
and equity.
Learning Goals:
After taking this course, students will:
- Have a much deeper understanding of the preparation of financial statements in
accordance with US GAAP, specifically, US GAAP relating to the accounting for
liabilities and equity as well as financial assets.
- A much more developed understanding of the role of the FASB and SEC in proving
the regulatory framework for financial reporting in the US.
- An appreciation of International Accounting Standards (IAS), and an understanding
that IAS rules may differ from US GAAP.
- Have further developed their research, writing and team-work skills as a result of
having completed a group GAAP research project.
The credibility and usefulness of financial reports derives, in large part, from the integrity of
those who prepare and that audit these reports. This course will emphasize the importance of
maintaining high ethical standards as part of a high quality financial reporting system.

Important Policy Issues

Ethics and Professionalism
Accountants are responsible for the integrity of the financial reporting system. High standards
of ethics and professionalism are an integral part of an accountants job. They are key to the integrity
of the whole financial reporting process. I expect that you will at all times exhibit high standards of
1

professionalism in this course. In the context of this course, professionalism consists of class
participation, attendance, being on time for class, not talking out of turn, being respectful to others, and
your general deportment. Repeatedly scheduling work assignments and interviews during class
sessions is unacceptable: you are expected to attend class. All materials covered in class and/or
included in the assigned chapters are fair game for the scheduled exams. Please arrange your
personal schedules so that late arrivals and early departures are avoided.
Chronic lateness, talking in class, and cell phone calls that distract others are unacceptable.
Repeated walking in and out of class is distracting to your classmates and me and, again, will not be
tolerated. Gross food and beverage consumption during class is not acceptablebe discrete. And, if
you must consume some food or drink during class, you are expected to clean up the mess afterwards.
You are responsible for discarding beverage containers, wrappers etc in the appropriate receptacles.
Leaving garbage in the classroom after class is inconsiderate, unprofessional, and just plain ignorant.
Academic Integrity
I fully support Baruch College's policy on Academic Honesty, which states, in part: "Academic
dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism and collusion in
dishonest acts undermine the college's educational mission and the students' personal and intellectual
growth. Baruch students are expected to bear individual responsibility for their work and to uphold the
ideal of academic integrity. Any student who attempts to compromise or devalue the academic process
will be sanctioned." Additional information can be found at
http://www.baruch.cuny.edu/academic/academic_honesty.html
You must honor Baruch Colleges standards regarding integrity, honesty, and cheating at all times;
sharing of information during exams in any form is strictly forbidden. Please note that a report of
suspected academic dishonesty will always be sent to the Dean of Students office. And, as a matter of
policy, I always seek the maximum penalty for any student caught cheating.

Materials
1) Required Text:
Spiceland, Intermediate Accounting, 8e with Connect Plus, Loose Leaf Baruch Custom Edition.
You can purchase the book here: http://shop.mheducation.com/mhshop/store/BARUCH
Customer Service may be reached between the hours of 8:00 AM to 4:30 PM EST, Monday
through Friday at (877) 833-5524.
2) Access to the on-line homework Connect (access code comes with book)
3) Recommended Text: Ann Raimes -- Keys for Writers, 4th Ed.
4) The website for the book
5) The Blackboard website for the course.
McGraw-Hill Connect Accounting

The URL for the unique online assignments for this course is:
http://connect.mheducation.com/class/z-deng-acc3100-s2016-1

You must use the registration code that comes with your book to register here.
Important Student Tips for Using Connect:
Getting Started
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Your instructors Connect Web Address
Connect Access Code
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you can click Free Trial during registration. This trial will provide temporary
Connect access and will remind you to purchase online
access before the end of your trial.
Registration and Sign In
1. Go to the Connect Web Address provided by your instructor
2. Click on Register Now
3. Enter your email address
TIP: If you already have a McGraw-Hill account, you will be asked for
your password and will not be required to create a new account.
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Ensure you are using the same email address you used during registration
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When logged into Connect, you can update your account information (e.g. email
address, password, and security question/answer) by clicking on the My Account
link located at the top-right corner
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TIP: If you are unable to begin an assignment, verify the following:
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That you have not achieved a score of 100%

If your assignment contains questions that require manual grading, you will not be
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TIP: The Library section of your Connect account provides shortcuts to
various resources.
If you purchased ConnectPlus, you will see an eBook link, which can also be
accessed from the section information widget of the Home tab
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Your instructor has the ability to limit the amount of information (e.g. questions,
answers, scores) you can view for each submitted assignment
Need More Help?
CONTACT US ONLINE
Visit us at:
www.mcgrawhillconnect.com/support

Browse our support materials including tutorial videos and our searchable Connect
knowledge base. If you cannot find an answer to your question, click on Contact Us button
to send us an email.
GIVE US A CALL
Call us at:
1-800-331-5094
Our live support is available:
Mon-Thurs: 8 am 11 pm CT
Friday: 8 am 6 pm CT
Sunday: 6 pm 11 pm CT

Other Resources
:

The FASB and IASB Websites for contemporary developments

GAAP research tools on Baruch library website

CCH
Proquest
RAI Checkpoint

Course Format and Assessment

Course Format
Classes are divided between lecture-discussion sessions and active problem solving. You must
however work independently to solve exercises and problems on your own. This is essential to
succeed in this course. As a result, exercises and problems are assigned for each chapter of the
textbook. I will review the solutions to some of these exercises and problems in class. You are
expected to practice solving all of the assigned exercises and problems. On-line homework problems
will be assigned using an on-line homework system. These on-line homework assignments will be
graded and form part of your course grade. Be prepared to answer questions and contribute to the
solutions to these exercises and problems in class. Working with exercises and problems is essential.
Understanding the solution presented in class for a particular problem is only the first step; you must
be able to solve similar problems yourself.
Students are expected to use both the on-line homework system (Homework Manager) and
Blackboard. Both are essential to this course. You must include your e-mail address as part of your
registration on the Blackboard system.

Grading Scheme1
The course grade will be computed as follows:
Mid Term Exam
4 Quizzes
Group Case
On-Line Homework
Cumulative Final Exam
Total

25%
20 %
10 %
10 %
35%
100 %

Exam and Grading Policies:

1) NO makeup exams or quizzes are offered. The score for a missed exam will be zero. The
final exam is cumulative.
2) The mid term exam and quizzes generally will be held during scheduled class times. The
final exam will be scheduled in accordance with the final exam schedule of Baruch College
when this is available. All exams are closed book. Exams are be composed of some
multiple-choice questions, and written questions.
3) There are no extra credit options available for this course.
4) Your written submissions for the group cases will be graded for both content and the quality
of your writing. Your written submissions are expected to conform to the standard of
writing setout in Keys for Writers, the textbook used in English 101. Remember the golden
rule: read and revise your draft before submission, and never submit your first draft.
Suggestions for Studying
This is a very demanding course: the syllabus is crammed with topics. To succeed in this
course you have to:
1) Make sure you are comfortable with the material covered in Introduction to Accounting
(2101 at Baruch) and ACC 3000. This course builds on the material covered in the previous
courses; if you are unfamiliar with the material in those courses, then you may need to refresh yourself. Make sure you are very comfortable with journal entries and the accounting
cycle, especially adjusting entries and closing entries.
2) Read the chapters in the book. This is critical; there are a lot of concepts covered in this
course that you can only really grasp if you read the chapters of the book we cover. Just
doing the homework is not enough.
3) Work the assigned homework problems.
4) If possible, work additional homework problems -- but only ones that cover the same topics
as the assigned problems.
5) Keep up with the course. This is a comprehensive course, and the material builds upon
itself. In addition, much of the material is highly detailed. As a result, it is highly difficult
to cram this material at the end.
6) If you need extra help, contact Teresa Dimilta at SACC: 646 312 4830.

This grading policy may be subject to review during the term. If I decide to change the grading policy in any way during
the term you will be informed. At that point an updated course outline will be posted to the Blackboard wed site.

Tentative Course Schedule1

Date
Lecture
1
2
3
4

2/1
2/3
2/8
2/10

Chapter
6
6
14
14

5
6
7
8
9
10
11

2/17
2/22
2/24
2/29
3/2
3/7
3/9

15
15
15
12
12
12
Appendix A

Topic
Time Value
Bonds and Long Term Liabilities
Operating and Capital Leases
Quiz 1
Investments

Quiz 2

Recommended Assignments
BE: 4 - 10
E: 1,3,4, 6, 8, 9,12, 13, 16
BE: 2, 5, 7, 9, 11, 12, 13, 14
E: 2, 4, 5,10, 21, 26, 29, 31
P: 4, 6, 9, 16, 20
BE: 1, 4, 5, 8, 10
E: 1, 3, 4, 5, 8, 9, 11
P 6, 7
E: 1, 2, 4, 5, 7, 13, 14, 18, 19,
20
E: A-1, A-2, A-3

Derivatives
12
13
14
15
16
17
18
19
20
21
22
23

3/14
3/16
3/21
3/28
3/30
4/4
4/6
4/11
4/13
4/18
4/20
5/2

12
17
17
17
17
16
16
16
18
18
18
19

Pension and Other Post Retirement Benefits

E: 2, 3, 4, 5, 6, 9, 10, 12, 17,

19, 22, 25, & 28

Mid Term Exam

Accounting for Income Taxes

E: 1, 2, 4, 6, 11, 13, 15,

21, 22, 23

GAAP Case Due

Quiz 3
Shareholders Equity
Share-Based Compensation and E.P.S.

BE:
E:
P:
BE:

3, 5, 6, 9, 10, 11, 12
3, 4, 6, 8, 9, 11
2, 4
1, 2, 4, 5, 6, 10, 11, 12

24

5/4

19

Share-Based Compensation and E.P.S.

25
26
27
28

5/9
5/11
5/16
5/18

21
21

Quiz 4
The Statement of Cash Flows
The Statement of Cash Flows

E:
2, 5, 7, 10, 12, 13, 15, 20
P:
11, 13
E: 4, 5, 7, 9, 13, 21, 22, 23, 24

Cumulative Final Exam

BE = Brief Exercise; P = Problem; E = Exercise;

1

This grading policy or schedule is tentative, so it may be subject to change during the semester.