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ADM2342A
Fall 2014
Professor
Robert Collier
Office
DMS 6111
Telephone
collier@telfer.uottawa.ca
Please use ADM2342A as the subject in the email.
(For reasons of privacy, confidentiality, and security you must use your
University of Ottawa E-mail address when emailing Professor Collier
and the ADM234A X Teaching Assistant)
Office Hours
Class/DGD Location
Prerequisite(s)
Program of Study
Specialization in Accounting
BlackBoard
Course
Deliverable
In-class quizzes
Midterm Exam 1, 2
1, 2
Final Exam
Class Protocol
1
Details
Two quizzes x 5 marks/quiz
Quiz No. 1 September 12
Quiz No. 2 November 18
Saturday, October 11 (9:00 11:30 AM)
Location: TBA
Day and Room: TBA
Weight on
Course Grade
10%
40%
50%
Normally, you must receive 45% on the mid-term exam in order to qualify to write the final exam.
This means you are not permitted to write the final exam unless you have scored at least 45% on the
midterm exam.
Normally, to pass this course, you must receive at least 50% on the midterm exam and final exam
combined. Because the midterm and final exams are collectively worth 90% of the final grade, this
means you must score at least 45 out of 90 on the midterm exam and final exam combined in order
to pass this course.
Course Objective
This course, along with ADM3340 Intermediate Accounting II, is designed to provide students
with a strong foundation for the practice of accounting in the 21st century. It focuses on the
development of competencies by incorporating knowledge with the skills and attitudes necessary
to succeed as an accounting professional in Canada in an environment that consists of multiple
accounting standards [for example, Accounting Standards for Private Enterprises (ASPE) and
International Financial Reporting Standards (IFRS)].
Intermediate Accounting, Kieso, Weygandt, Warfield, Young & Wiecek, 10th Canadian
edition, Volume 1, John Wiley & Sons Canada Ltd., 2013.
2)
WileyPLUS is NOT required for the Fall 2014 offering of this course.
3)
4)
University of Ottawa Library Accounting Portal: this provides access to core accounting
and auditing resources. These resources include both print and electronic formats, found
at the University of Ottawa and on the web.
http://uottawa.ca.libguides.com/content.php?pid=13684&sid=91958
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5)
http://bomode.telfer.uottawa.ca/notesrecpay/notereceivable_Sheet.aspx is an interactive
learning application that supplements the textbooks coverage of accounting for notes
receivable and payable under the amortized cost model using either the effective-interestrate or straight-line method.
6)
6)
7)
If students have any questions in the use of, or suggestions for improvement of, the above-noted
supplementary interactive learning applications, they will need to direct them to the learningapplications developer (Professor Brian Conheady, DMS 7157; conheady@telfer.uottawa.ca ).
Class Preparation
The drop rate and/or failure rate in this course has been high in the past. To do well in this
course, the following approach is highly recommended:
Read the assigned material prior to each class and attempt to gain a basic understanding
of the material;
Attend the classes and try to get a better understanding of the material by asking
questions and working through the in-class problems along with the professor;
After each class (and before the next class), review the material taken up in class and
answer all of the assigned problems for each chapter to ensure understand the material;
If there are points that you did not understand, contact your professor or your TA: do not
wait until the week or two before the exam;
Attend the weekly DGDs (The DGDs will cover questions taken from previous ADM
2342 exams; however hard-copy solutions will not be distributed to students nor will the
questions or solutions be uploaded to BlackBoard).
Mastery of the course content requires regular, substantial, and intense study. To help you
achieve the course objectives, questions and problems from the textbook are assigned for each
topic. You must come to class prepared to discuss the days material. In addition, various
teaching materials may be distributed which are considered part of the course materials and are
examinable.
Students should aim to spend at least 9 hours each week for every 3 hours of lecture time.
ADM2342A Intermediate Accounting 1 Fall 2014
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Pedagogy
This course will use a combination of lectures, discussions, DGDs, and problem-solving. The
lectures highlight the main points of the assigned readings and chapters; discussions will help to
clarify and expand on the themes of the course; problem-solving aims to illustrate the application
of the learned techniques to particular problems. Students will need to check both BlackBoard
and their University of Ottawa email twice each week for communiqus issued by the professor.
The DGDs will provide a workshop environment for discussing and applying ADM2342
concepts.
Evaluation
Two in-class quizzes (2 x 5%)
Midterm exam
Final exam
Class protocol
10%
40%
50%
see page 8
The first in-class quiz is a review quiz and will cover accounting concepts and applications
learned from ADM 1340 or its equivalent. This will include: journal entries; use of T-accounts;
year-end adjusting entries; creation of trial balances; preparation of basic year-end financial
statements; knowledge of introductory accounting principles, conventions, assumptions, and
constraints; and basic accounting for cash, receivables, inventory, property, plant & equipment,
and liabilities.
For the first quiz only:
(i) if a student scores 65% or better (competent), he or she will automatically receive 5
out of 5 on the quiz;
(ii) if a student scores between 50% and 64.5% on the quiz, he or she will automatically
receive 3.25 out of 5;
(iii) if a student receives below 50% on the quiz (non-competent), he or she will
automatically receive 0 out of 5.
For the second quiz, a student`s raw score will be prorated to a base out of 5 marks.
As indicated on the covering page of this outline, normally, in order to pass this course, you must
receive 45% on the midterm exam in order to qualify to write the final exam. This means you
are not permitted to write the final exam unless you have scored at least 45% on the midterm
exam. In addition, normally to pass this course, you must receive at least 50% on the midterm
exam and final exam combined. Because the midterm and final exams are collectively worth
90% of the final course grade, you must score at least 45 out of 90 marks on the midterm exam
and final exam combined in order to pass this course.
The final examination is comprehensive and normally examines some pre-midterm material as
well as material covered after the midterm examination. As the end of term approaches, the
professor normally indicates the weighting that will be used on the final examination for premidterm and post-midterm material.
See note #5 below for information concerning missed quizzes and exams.
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Important Notes
1)
Attendance at Lectures
You are reminded of the university policy that attendance at lectures is mandatory, and
that a student can be prevented from taking a final exam if the professor deems that the
student has not attended a sufficient number of lectures. Class attendance should not be a
problem because experience has shown that, in order to pass this course, virtually all
students find they need to attend every lecture in order to properly grasp and apply the
concepts discussed.
2)
WileyPLUS
WileyPLUS is optional for the fall 2014 offering of this course. The software is normally
purchased as a package with the textbook. Although there are no mandatory deliverables
using WileyPLUS, you may wish to register with WileyPLUS and use the resources
contained therein such as practice problems, practice quizzes, etc. Experience has shown
that, in the majority of instances, a student`s knowledge and mastery of the topics
covered in this course may be improved through the use of WileyPLUS.
Do not contact the professor with any problems you encounter with WileyPLUS.
Instead direct your problems to Sara Veltkamp, WileyPLUS Account Manager,
John Wiley & Sons, Email: sveltkamp@wiley.com
In order to use WileyPLUS, you will need to register in your class section. Please follow
the steps in the Student Information Flyer posted on BlackBoard to walk you through the
registration steps. When registering in WileyPLUS, you must include your University of
Ottawa Student ID and your University of Ottawa email address. If you do not use your
U of Ottawa email address you will be deleted from your WileyPLUS course.
For a 2 minute tutorial on how to register into WileyPLUS, check out this link:
www.wileyplus.com/register. To get Help with WileyPLUS, go to the WileyPLUS Tech
Support team through Live Chat at www.wileyplus.com/support.
3)
End-of-Chapter Homework Exercises and Problems for discussion in class and DGDs
The exercises/problems to be discussed in class will normally come from those listed in
the lecture schedule on page 12 of this course outline. Lecture time will not permit all of
the assigned exercises and problems to be discussed during the lecture. However,
solutions to all assigned questions will be uploaded to BlackBoard at the start of the
spring/summer semester. You may consult your TA if you have questions about how to
approach a specific exercise/problem but your TA will not do these questions or validate
your solutions beforehand.
The DGDs will be held weekly and will normally cover actual exam questions that have
appeared on previous ADM 2342 exams. Hard copy solutions will not be provided nor
will solutions be uploaded to BlackBoard. The onus will be on each student to attend the
DGD if he or she wants to see how a specific question is solved.
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4)
Scope of Material
As noted above, due to the volume of material to be covered, we shall only have time in
class to cover some of the exercises/problems assigned in the lecture outline. However,
you are still responsible for the entire contents of each chapter unless indicated
otherwise. In addition, various assigned articles and/or handout questions may be
discussed in class. The material covered by these articles or handout questions is also
considered part of the course materials and is examinable.
5)
6)
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7)
8)
(a)
A suggested solution to the mid-term exam scheduled in this course outline will
be posted to BlackBoard to encourage a student to see and learn where he or she
answered correctly and incorrectly on the exam.
(b)
(c)
Any request to have the midterm exam reviewed for re-marking purposes can only
be made if the exam was written in non-erasable pen.
(d)
Such a request must be typed and include a clear and detailed explanation of why
the request is being submitted.
(e)
The students exam will then be reviewed to ensure that it was marked on a
consistent basis with the other ADM2342 students exams. A students mark will
be changed (increased or decreased) only if (i) there is evidence of inconsistent
marking, (ii) there is a computational error in the addition of marks or (iii) if a
particular part of the students exam was inadvertently not assessed.
(f)
The reviewed exam and the reviewers comments will normally be returned to the
student within one week of receipt.
(g)
Frivolous requests may result in a loss of marks (see Note #10 below) and may be
referred to the Undergraduate Program Director.
E-Mails
Students must check both BlackBoard and their University of Ottawa email at least twice
weekly for communiqus and updates issued by the professor. For reasons of privacy,
confidentiality, security, and normal organizational protocol, you must use your
University of Ottawa email address when sending out E-mails to your professor or
teaching assistant: no University of Ottawa email address, no response.
If you have a question regarding the ADM 2342 course, do not send an E-Mail with your
question to your professor expecting a detailed E-Mail response. Instead, use the
professors office hours (Tuesdays 12:00 PM to 3:00 PM or by appointment in DMS
6111) for this purpose and he shall be happy to go over the question/problem with you.
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9)
Getting Help
If you are having trouble with the course material, you should seek help from your fellow
students and/or the TA and the professor for this course. The professor is available during
office hours (see page 1 of outline) and strongly urges students to make use of this
assistance.
10)
Class Protocol
Students are expected to behave in a courteous and respectful manner during classes and
in their email communications with one another, the TA, and with the professor.
Discourteous and/or disrespectful behaviour includes:
Arriving late at class;
Distracting the class or any members of the class including the professor (for
example, by talking in class, or by using a laptop or other communication device
to view materials not directly related to ADM2342);
Using a cell phone during class or allowing a cell phone to ring during class;
Using University of Ottawa email to send inappropriate emails.
Disrespectful words or actions towards any student or professor.
Unauthorized video and/or audio recording in class, at DGDs, or in the
professors office.
Frivolous requests to review a midterm exam paper (see Note #7 above).
The professor reserves the right to deduct marks from the overall course mark for
discourteous behaviour: 0.5 to 2 marks for a minor infraction; 1 to 10 marks for repeat or
serious infractions. The latter will be reported to the Director of the Undergraduate
Program.
11)
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handing in an assignment that was not authored, in whole or in part, by the student;
submitting the same assignment in more than one course, without the written consent of
the professors concerned
In recent years, the development of the Internet has made it much easier to identify academic
plagiarism. The tools available to your professors allow them to trace the exact origin of a text
on the Web, using just a few words.
In cases where students are unsure whether they are at fault, it is their responsibility to consult
the Universitys Web site at the following address, where you will find resources, tips and tools
for writing papers and assignments:
http://web5.uottawa.ca/mcs-smc/academicintegrity/home.php
Persons who have committed or attempted to commit (or have been accomplices to) academic
fraud will be penalized. Here are some examples of the academic sanctions, which can be
imposed:
Please be advised that professors have been formally advised to report every suspected case of
academic fraud. In most cases of a first offence of academic fraud, the sanction applied to
students who have been found guilty is an F for the course with an additional three credits
added to their program requirements. Repeat offenders are normally expulsed from the School of
Management.
Finally, the Telfer School of Management asks that students sign and submit with their
deliverables the Personal Ethics Statement. Two versions of this form exist: one for individual
assignments, and one for group submissions. Assignments will not be accepted or marked if
this form is not submitted and signed by all authors of the work. We hope that by making
this personal commitment, all students will understand the importance the School places on
maintaining the highest standards of academic integrity. The forms are accessible on
BlackBoard.
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________________
Signature
______________
Date
________________________________
Last Name (print), First Name (print)
______________
Student Number
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Learning Goal 1
Learning Goal 2
ADM2342 requires critical thinking and decision making skills when applying judgment as to
how generally accepted accounting principles, including the conceptual framework underlying
financial reporting and IFRS and ASPE, should be applied to account for organizational
activities when preparing general purpose financial statements intended for use by a variety of
stakeholders.
Learning Goal 3
Learning Goal 7
ADM2342 is a course recognized by CPA (Chartered Professional Accountant) Canada and the
Certified General Accountants of Ontario.
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Chapter Readings*
Ch
End-of-Chapter Assigned
Problems
Sept 5
Sept 12
Sept 19
Sept 26
Oct 3
5
6
Oct 10
Oct 31
Nov 7
Investments www.mammaifrs.com
Nov 14
Investments (continued)
Nov 21
Nov 28
10
11
Dec 5
11
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