Philadelphia University
School Of Business Administration
Accounting Theory and Practice (B443)
Fall Semester: 2002

Text:
Intermediate Accounting 14th Addition,
Skousen / Stice / Stice

Instructor: Mark Costello, MBA

Contact Information:
Day Phone Number	(610) 425 - 4090
Evening Phone Number	(215) 487 - 1240
E Mail Day	Mark.Costello@INGVA.com
E Mail Evening & Weekend	Mark.J.Costello@Verizon.net
Home Page	http://faculty.philau.edu/CostelloM/

Class Meeting Time:
Monday Evenings, 6:30 to 9:30
Bucks County Campus

Prerequisites: B441 & B442

Course Objective:
The purpose of this course is to further prepare students for the responsibilities expected of an accounting professional. This is the third of three courses designed to give the student an in-depth understanding of financial accounting. Students are expected to gain and understanding of equity transactions and how to account for them, the uses and accounting for leases, and pensions. We will also study the statement of cash flows. Other areas of study will include income taxes, other employee compensation plans, and financial statement analysis.

Grading:
Midterm Exam	40%
Paper (see page 2)	10%
Final Exam	40%
Homework / Class Participation	10%
	100%

There will be two exams, a midterm and a final. All tests will be in class and closed book. The tests will be based on the classroom lectures and the homework assignments.

Homework will be collected at the end of each class. All assignments are to be prepared using a personal computer. If this presents any issues for any student please let me know as soon as possible.

Academic Honesty:
All forms of cheating are prohibited. Any violations of this University's academic policies and procedures will be referred to the Student Conduct Committee for review.

If any student requires assistance they should feel free to contact me.

Attendance:
Attendance at each class is expected. I realize that situations may occur that can prevent a student from attending class. Notify me in advance of missing a class. If you find yourself unable to attend on an exam night failure to notify me in advance will result in failure for that exam.

Home Study:
The assigned readings will be the basis for the classroom lecture and discussion. Read all assigned material and complete all assigned problems. Working the problems is the best preparation for both class and for the exams. All written homework assignments will be collected!

Failure to come to class prepared to participate in the evening's discussion will adversely affect your grade.

Resources:
At my Webpage, http://faculty.philau.edu/CostelloM/, you can download selected lecture notes, class handouts, and the solutions for the homework assignments. All files are in Excel, Word, or PowerPoint formats. Solutions to the homework assignments will not be uploaded until after the assignment is collected in class.

The site also has a message board. I will check the board often. If you need to meet me at hours other then our class time email me at Mark.Costello@INGVA.com and request an appointment. I will do everything possible to accommodate your request.

Course Paper:
Students will write a 3 page paper based on their analysis of an article from a business publication that shows the importance of the accounting function to the business process. Acceptable journals include the Wall Street Journal, Forbes, Money, etc. Do not use a publication specifically tailored to accountants such as the Journal of Accountancy.

The paper can show the effect of poor accounting practices or the benefit of a strong accounting environment. The paper should have 1-1/2 line spacing and use the 12-pt Arial font. The article will be turned in with the paper. The paper is due on the evening of class 13.

Class Schedule:

August 26th - Class 1
Course Introduction. Review of selected topics from Equity Financing.
Lecture: Chapter 11, Equity Financing

September 9th - Class 2
Review of problems from Chapter 11.
Lecture: Chapter 11, Equity Financing continued.

September 23rd - Class 3
Review of problems from Chapter 11.
Lecture: Chapter 19, Earnings Per Share

September 30th - Class 4
Review of problems from Chapter 19.
Lecture: Chapter 19, Earnings Per Share continued

October 7th - Class 5
Review of problems from Chapter 19.
Lecture: Chapter 15, Leases

October 14th - Class 6
Review of problems from Chapter 15.
Lecture: Chapter 15, Leases continued

October 21st - Class 7
Review of problems from Chapter 15.
Lecture: Chapter 20, Accounting Changes and Error Corrections
Review for Midterm

October 28th - Class 8
Mid-term Exam (Chapters 11, 19, 15, 20)

November 4th - Class 9
Lecture: Chapter 5, The Statement of Cash Flows
Review of Problems from Chapter 20.

November 11th - Class 10
Review of problems from Chapter 5.
Lecture: Chapter 5, Statement of Cash Flows continued

November 18th - Class 11
Review of problems from Chapter 5.
Lecture: Chapter 16, Income Taxes

November 25th - Class 12
Review of Problems from Chapter 16
Lecture: Chapter 17, Employee Compensation

December 2nd - Class 13
Review of problems from Chapter 17.
Lecture: Chapter 21, Analysis of Financial Statements

December 9th - Class 14
Review of problems from Chapter 21.
Review for Final Exam
Return Papers & Discussion

December 16th - Class 15
Final Exam (Chapters 20, 5, 16, 17, 21)