Fall 2021

ACC 420-1 - Intermediate Accounting II

Tuesday 6:00 – 9:50 pm
JS 235

Instructor: Elio Alfonso, Ph.D., CPA

Office: Zoom (See “Virtual office hours” in Blackboard)
Office Hours: Monday 2:00 – 4:30 pm, Wednesday 10:00 am – 12:30 pm
Office Phone: (813) 257-3290
E-mail: [email protected]

Course Description:
Prerequisites: MAT 160 (all COB majors are required to take MAT 225), ITM 220, and
a grade of "C" or higher in ACC 320. ACC 420 expands the student's study of generally accepted
accounting principles. The course covers the theory and methodology involved in accounting for
investments, current liabilities, long-term debt, leases, deferred income taxes, pensions, stockholders’
equity, earnings per share, and accounting changes. The course also covers the preparation of the
statement of cash flows and differences between US GAAP and IFRS.

Course Learning Objectives:

Students successfully completing this course should be able to:
1. Explain the concepts underlying the accounting for investments in debt and equity securities and
properly account for those investments.
2. Apply the concepts underlying the recognition and disclosure of contingent liabilities and properly
account for current liabilities.
3. Describe accounting and disclosure requirements for long term liabilities and properly account for
such liabilities including long-term bonds and long-term notes payable.
4. Apply the basic principles associated with presenting deferred tax assets/liabilities on the balance
sheet and the resulting effects on the income statement.
5. Apply the principles of leases to the balance sheet and income statement.
6. Properly account for and prepare appropriate disclosures of defined benefit and defined
contribution pension plans.
7. Demonstrate proficiency in preparing cash flow statements.
8. Properly account for events and transactions relating to common and preferred stock, retained
earnings, stock options, stock warrants, and stock rights.
9. Calculate basic and diluted earnings per share.
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10. Use the FASB Accounting Standards Codification to research and apply accounting treatments
related to course topics.

Course Materials:
1. Textbook: Intermediate Accounting, Spiceland, Nelson, and Thomas 10th Edition, McGraw Hill.
2. Connect (Online Homework Tool): You do NOT need to purchase access again if you already used
Connect in ACC 320. Just use your e-mail address and password you used previously to login to this
course’s Connect site (access link in Blackboard). Otherwise, you can purchase online on the
Connect website.
3. Tableau Software: The link to download the free software for Tableau will be posted in Blackboard.
4. Gleim CPA Review – Financial Accounting and Reporting (FAR): The link to purchase the Gleim CPA
Review will be emailed to you. The student price is $50. We will do practice CPA questions and
simulations to help you start your preparations in studying for the CPA exam.
5. Effective Writing: Handbook for Accountants (optional). 10th edition, Published by Pearson.
6. Financial Calculator (optional): Texas Instrument BA II Plus or other Professional calculator.

Importance of this Course:

Intermediate accounting is the heart of accounting. A good grasp of the accounting concepts and
standards covered in this course is essential for understanding the financial statements issued by
corporations. In addition, the course material is tested heavily in the CPA exam and other accounting
certification exams.

Final Exam: Tuesday, December 14th (6:00 – 7:50 pm)

Grading Scale:

A 93-100% Outstanding
AB 89-92% Excellent
B 83-88% Very Good
BC 79-82% Good
C 73-78% Average
CD 69-72% Below Average
D 60-68% Passing, but unsatisfactory
F < 60% Fail

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Assignments and Exams:

Exam 1 20%
Exam 2 20%
Final Exam 20%
Connect Homework 15%
Class Groupwork 10%
Tableau Assignments 5%
ASC Project 5%
Gleim CPA 5%
Total 100%

Connect Homework:
All homework will be completed through the online website for “Connect”. Due dates can be found in
Connect. You will have 3 attempts for every assignment. I will make all homework available for you to
log back in and re-check your work in preparation for exams.

Exams:
Make-up exams will not be given unless you have a valid written University-approved excuse prior to
the exam. If a valid excuse is received, I will give approval to take the make-up exam in the testing
center. In the absence of a university-approved excuse, a score of zero will be assigned to the exam. It
is solely the student’s responsibility to present the necessary documentation to the professor in a
timely manner or accept a score of zero on the exam.

Exams must be taken during the scheduled class time unless arrangements were made through the
Office of Student Disability Services for accommodations. I must be notified prior to the scheduled
exam date if an exam will be taken through the Office of Student Disability Services.

You may use a calculator during exams. Scientific, smart, or mobile phone calculators, are not allowed.
Mobile phones, tablets, or smart watches are not allowed during exams. The use of any device other
than a calculator during an exam will be interpreted as an Academic Integrity violation.

ASC Project:
In this course, you will complete a project where you will practice navigating the Accounting Standards
Codification (ASC) and researching a financial accounting question with proper citation. More
information will be given about the ASC project later in the course and instructions will be posted in
Blackboard.

Tableau Assignments:
You will be assigned three different Tableau assignments during the course. More information will be
given about these assignments later in the course and instructions will be posted in Blackboard.

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Tutoring:
The Academic Center for Excellence (ACE) is a multi-faceted center designed to assist students in
learning and in learning how to learn. For additional information, please visit
http://www.ut.edu/ace/tutoring/ .

Syllabus Subject to Change:

This syllabus is informational in nature and is not an express or implied contract. It is subject to change
due to unforeseen circumstances, as a result of any circumstance outside the University’s control, or as
other needs arise. If, in the University’s sole discretion, public health conditions or any other matter
affecting the health, safety, upkeep or wellbeing of our campus community or operations requires the
University to make any syllabus or course changes or move to remote teaching, alternative
assignments may be provided so that the learning objectives for the course, as determined by the
University, can still be met. The University does not guarantee that this syllabus will not change, nor
does it guarantee specific in-person, on-campus classes, activities, opportunities, or services or any
other particular format, timing, or location of education, classes, activities, or services.

ACC 099:
Many students inquire about ACC 099 – the external volunteer service component required for all
accounting (ACC) undergrad majors. All ACC majors must complete a minimum of 30 hours of
volunteer service to graduate with an ACC degree. At any time during their UT undergraduate years
students can accumulate volunteer hours by providing service to external non-profit organizations.
Examples of places to earn external non-profit service hours are: The Volunteer Income Tax
Assistance (VITA) program, Humane Society, Metropolitan Ministries, and the Heart Walk fundraiser to
name a few. Students should retain documentation of the service hours which they will submit in their
final undergraduate semester at UT. Most organizations track service hours and provide volunteers
with documentation.

In the final undergraduate semester students register for ACC 099 when they register for other classes.
ACC 099 shows up as an S/U grade course on the student’s schedule. The course has a companion
Blackboard (Bb) site where students submit their documentation (usually in one or more .pdf files). As
the end of the term nears those submissions are verified and posted to the Bb site.

External community volunteer service to non-profit organizations qualifies for ACC 099 hours.
Sometimes students incorrectly submit hours for attending student organization meetings and/or
serving as an officer in a student organization. Internal student organization activities do not satisfy
the requirements for ACC 099. For example, serving as Beta Alpha Psi treasurer is a worthwhile
volunteer activity, however that does not qualify for ACC 099 hours. On the other hand, if Beta Alpha
Psi members participate in a beach clean-up sponsored by Hillsborough County, those service hours
would qualify as ACC 099 hours. Time spent playing sports on a team does not qualify for ACC 099.
However, if the team participates in a charity event such as a Ronald McDonald House fundraiser, then
those hours would qualify for ACC 099 with verifiable documentation.

Questions regarding ACC 099 should be directed to Professor Steve Platau, JS 346, 813-257-3583
during the academic year.
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Exposure to or Diagnosis of COVID-19:
What to do if you have an exposure or diagnosis of COVID-19
If you have been diagnosed with COVID off-campus, please confidentially report this to UT’s local
contact tracers Rapid-Trace, so they can confidentially notify anyone else who may have been exposed,
provide you resources, work with you on isolation/quarantine guidelines, and arrange notification to
your professors as needed. Students can contact Rapid-Trace at (813) 699-3551, or selfreport@rapid-
trace.com. Rapid-Trace can be reached daily from 7 a.m.-9 p.m., with after-hours voicemail.
If you are diagnosed with COVID at the Dickey Health and Wellness Center - Rapid-Trace will contact
you.
Types of Close Contact that will be traced:
There are three types of contact that Rapid Trace contact tracers will look for when a case has been
identified:
• Physical contact – touching without protection
• Close contact – within 6 ft. for 15 minutes or more
• Proximate contact – More than 6 feet-but in the same room for an extended period (an hour or
more). However, if students, faculty and staff were wearing masks and are 6ft or more apart
then they would NOT be considered close contacts, regardless of class time or time in a room
together.
Please remember that these are general guidelines, and it is important to always follow UT’s Spartan
Shield directives for health and safety. If you feel you have been exposed to COVID and have not been
contacted by Rapid Trace, please confidentially report the exposure to get assistance and guidance.

Title IX & Reporting Sexual Misconduct:

Sexual misconduct, including, but not limited to: acts of sexual harassment, nonconsensual sexual
intercourse, nonconsensual sexual contact, dating violence, domestic violence, stalking, gender-based
harassment or sexual exploitation are prohibited by Title IX, the Student Code of Conduct and other
University policies.

The University strives to maintain a safe and nondiscriminatory campus community, and to do so, it is
important for the Spartan community to report any safety concerns, such as acts of sexual misconduct.
If you experience or witness any of these University prohibited actions, the University encourages
reporting these matters, so that the University is able to take prompt action to stop, prevent and
remedy the effects of the harassment. University resources and grievance procedure information will
be provided to individuals who may seek services or redress.

There are many options to making a Title IX/Sexual Misconduct report. You may report this
information through the University’s online Title IX Report form.1 The information will be forwarded
and reviewed by the Title IX Coordinator or a Title IX Deputy Coordinator, who will contact you to
provide further information on University grievance procedure options and resources that are
available.

1
https://ut-advocate.symplicity.com/titleix_report/index.php/pid419524?
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You may also make a direct report by contacting the University’s Title IX Coordinator:
Kelsey San Antonio, Title IX Coordinator
Southard Family Building Suite #266
([email protected]) (813)-257-3748

If you decide to discuss an incident with your course professor, it is important to note that they are
considered a Responsible Employee, and are obligated to report the information you share to the
University’s Title IX Coordinator.2

If you are not ready to disclose or report this information to the University, you may disclose the
information to a confidential party, such as a Victim Advocate, or a Counselor or Health Clinician at the
Student Health and Wellness Center, to discuss any further options and resources available before
making a decision to report.
• The Victim’s Advocacy Hotline: ([email protected]) (813) 257-3900.
• Health and Counseling Center ([email protected]) (813)253-6250
• Dickey Health & Wellness Center ([email protected]) (813) 257-1877

For more information, see The University of Tampa’s Title IX webpage3 and the Student Code of
Conduct4 webpage.

ADA Statement:
Students with disabilities: If you require accommodations because of a disability, please call (813) 257-
5757 or e-mail [email protected] for information on registering with Student Disability
Services. You can also submit your request for accommodations and supporting documentation via
an Accommodation Request5. Please feel free to discuss this with me in private for more information.
If you encounter disability-related barriers accessing the online content for this course, please contact
Sharon Austin, Academic Technology Accessibility Specialist, at [email protected]. If the initial access to
the content cannot be resolved, the university will provide individuals with disabilities access to, and
use of, information and data by an alternative means that meets the identified needs.

Campus Closure Statement:

Course interruption due to adverse conditions: In case of any adverse condition or situation which
could interrupt the schedule of classes, each student is asked to access UT Homepage6 for information
about the status of the campus and class meetings. In addition, please refer to UT Blackboard7 for
announcements and other important information. You are responsible for accessing this information.

2
There is an exception to this required reporting for preventative education programs and public awareness events or
forums. For more information about exempt events, please contact the Title IX Office.
3
https://www.ut.edu/about-ut/university-services/human-resources/title-ix-
4
https://www.ut.edu/campus-life/student-services/office-of-student-conduct/student-code-of-conduct
5
https://ut-accommodate.symplicity.com/public_accommodation/
6
http://ut.edu
7
https://utampa.okta.com
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Academic Integrity Statement:
The University of Tampa is committed to the development of each student to become a productive and
responsible citizen who embraces the values of honesty, trust, fairness, respect, and responsibility.
Upholding academic integrity and promoting an ethical standard that does not condone academic
misconduct is an important demonstration of these values and underpins how we live and learn in a
community of inquiry. Students are expected to act ethically in the pursuit of their education and to
avoid behaviors that run counter to participation in and demonstration of their learning. The Academic
Integrity Policy8 lists several common types of violations related to cheating, unauthorized
collaboration or assistance, plagiarism, and more. While the policy lists common violations and
examples, it is not an exhaustive list and instructors may identify other types of conduct that impacts
their ability to evaluate what has been learned substantively enough to constitute a violation of this
policy. An instructor may impose a wide range of sanctions for academic integrity violations from
completing a more difficult replacement assignment to an F in the course. Particularly severe violations
or multiple violations throughout a student’s academic career may result in suspension or expulsion
from the University.

Attendance Policy and Excused Absences:

The University of Tampa has a General Attendance Policy in the Catalog. As stated, students are
expected to attend class and academic programs and individual faculty may require specified levels of
attendance for successful completion of a course. However, the University has identified specific types
of absences as either excused or unexcused absences. Students should be aware of each type of
absence and the impact on their ability to complete work that was missed during their absence.
Faculty must be notified of scheduled excused absences in advance in order for students to receive
accommodation for work missed. The type of absence must fall within the categories specified in the
catalog and the faculty member may determine how far in advance notification must be provided.

Certain types of unscheduled absences may also qualify as excused. Faculty may require
documentation or verification. This would include isolation or quarantine due to COVID.

The policy requires faculty to accommodate excused absences, including graded work, in a fair manner.
This is determined by the faculty member and is dependent on the structure of the course and what
work was missed. This may include replacement of work with something equivalent or having the work
excluded from the student’s grade. Faculty are NOT required or expected to provide accommodation
through remote access to the class or by providing a recording of the class session.

Faculty may determine that a student has missed too much participant-dependent work to successfully
accomplish learning outcomes, even if the absences meet the criteria for excused absences.

Faculty are not required to allow a student to make up work missed due to unexcused absences.

Class Disruption Statement:

Disruption policy: Every student has the right to a comfortable learning environment where the open
and honest exchange of ideas may freely occur. Each student is expected to do his or her part to

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http://ut.smartcatalogiq.com/en/current/catalog/Academic-Policies-and-Procedures/Academic-Integrity-Policy
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ensure that the classroom (and anywhere else the class may meet) remains conducive to learning. This
includes respectful and courteous treatment of all in the classroom. According to the terms of the
University of Tampa Disruption Policy, the professor will take immediate action when inappropriate
behavior occurs. Details of the policy may be found at Disruption of the Academic Process9.

Face Coverings/Masks:
To reduce the risk of becoming infected with COVID-19 variants and potentially spreading to others,
the CDC recommends10 that all individuals, including those that are fully vaccinated, wear a mask in
public indoor settings if they are in an area of substantial or high transmission. UT community
members are required to wear face masks indoors on campus, regardless of vaccination status when
deemed necessary by the University. Exceptions are permitted when actively eating or drinking,
participating in athletic practices and contests, and within selected courses within the fine arts.
Instructors and podium presenters who are vaccinated and physically distanced from the audience may
remove their masks for the duration of their presentation.

As with all COVID related regulations, the requirement for face masks will be periodically reviewed and
may be adjusted based on local transmission rates. The hope is that an increase in vaccination rates
will slow transmission significantly.

All face coverings, whether disposable or reusable, must

• be made with at least two layers of breathable material;
• fully cover the nose and mouth and secure under the chin;
• fit snugly but comfortably against the side of the face; and
• be secured with ties or ear loops, allowing one to remain hands-free.
Based on guidance from health authorities, the following are not acceptable face coverings: neck
gaiters, open-chin triangle bandanas, and face coverings containing valves, mesh material, or holes of
any kind. Unless a face shield is coupled with a face mask, it is not considered an acceptable masking
practice on campus.

Failure to wear a mask will mean that one cannot enter a building nor attend class. Refusal to wear a
mask within the classroom is considered disruptive behavior and will be handled through the
classroom disruption policy. Refusal to wear a mask in other settings will be handled through Student
Conduct or Human Resources if faculty or staff.

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http://ut.smartcatalogiq.com/en/current/catalog/Academic-Policies-and-Procedures/Disruption-of-the-Academic-Process
10
https://www.cdc.gov/coronavirus/2019-ncov/vaccines/fully-vaccinated-guidance.html
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Class Schedule:

Date Tentative Class Discussion: Activities

Review of syllabus
Aug. 31 Review of journal entries
Chapter 13: Current Liabilities
Sept. 7 Chapter 14: Bonds and Long-Term Notes
Sept. 14 Chapter 14: Bonds and Long-Term Notes HW #1 Due
Sept. 21 Chapter 21: Statement of Cash Flows Revisited HW #2 Due
Sept. 28 Exam 1 (Chapters 13, 14, 21) HW #3 Due
Oct. 5 Chapter 15: Leases
Oct. 12 Chapter 15: Leases Tableau #1 Due
Oct. 19 Chapter 16: Accounting for Income Taxes HW #4 Due
Oct. 26 Chapter 16: Accounting for Income Taxes Gleim CPA #1 Due
Nov. 2 Chapter 17: Pensions and Other Post-Retirement Benefits HW #5 Due
Nov. 9 Exam 2 (Chapters 15, 16, 17) HW #6 Due
Nov. 16 Chapter 18: Shareholders’ Equity Tableau #2 Due
Nov. 23 No class – Work on ASC Project Gleim CPA #2 Due
Nov. 30 Chapter 19: Share-Based Compensation and EPS HW #7 Due
HW #8 Due
Dec. 7 Chapter 12: Investments
ASC Project Due
Tableau #3 Due
Dec. 14 Final Exam (Chapters 18, 19,12) (6:00 – 7:50 pm)
Gleim CPA #3 Due