Intermediate 1

This page is for students of ProfAlbrecht’s Intermediate Accounting 1 course at La Sierra University Zapara School of Business.  This course is taught during fall quarter, 2014.

Intermediate accounting is a 30 week, full year course of study.  This quarter we are covering weeks 1-10.

On this page you will find copies of all documents for the class.

Syllabus

• 2014 Fall [s-intermediate1.2014.fall.pdf]

Topics

Accounts receivable 12/11

• Reading
  • Chapter 7 Kieso, pp. 349-358
• Notes
• Homework
  • Problems [s-intermediate1.2014.fall.hw.basic_ar.pdf]
  • Solutions [s-intermediate1.2014.fall.hw.basic_ar.sol.pdf]

Cash & bank reconciliations 12/9

• Reading
  • Chapter 7 Kieso, pp. 344-349, pp. 376-381
• Notes [s-intermediate.2014.fall.notes.cash_bankrec.pdf]
• Homework
  • Problems [s-intermediate.2014.fall.hw.bank-rec.pdf]
  • Solutions [s-intermediate1.2014.fall.hw.bank-rec.sol.pdf]

Present & future values 11/20 & 12/2 & 12/4

• Reading
  • Chapter 6 Kieso
• Notes coming
• Homework
  • Problems [s-intermediate.2014.fall.hw.tvm.pdf]
  • Solutions [s-intermediate.2014.fall.hw.tvm.sol.pdf]

Revenue recognition 11/18

• Reading
  • Chapter 18 Kieso
• Notes coming
• Homework
  • Problems [s-intermediate1.2014.fall.hw.rev_recog.pdf]
  • Solutions [s-intermediate1.2014.fall.hw.rev_recog.sol.pdf]

Balance sheet 11/11

• Reading
  • Chapter 5 Kieso
• Notes  not available
• Homework
  • Problems [s-intermediate1.2014.fall.hw.bal_sheet.pdf] numbering fixed
  • Solutions [s-intermediate1.2014.fall.hw.bal_sheet.sol.pdf]

Income statement 11/4 — 11/6

• Reading
  • Chapter 4 Kieso
• Notes [s-intermediate1.2014.fall.notes.inc_stmt.pdf]
• Homework
  • Problems [s-intermediate1.2014.fall.hw.inc_stmt.pdf]
  • Solutions
    • 58-63 [s-intermediate1.2014.fall.hw.inc_stmt.a.sol.pdf]
    • 64-70 [s-intermediate1.2014.fall.hw.inc_stmt.b.sol.pdf]

Accounting concepts 10/28 — 10/30

• Reading
  • Chap 2
• Homework
  • Problems [s-intermediate1.2014.fall.hw.acct_concepts.pdf]
  • Solutions [s-intermediate1.2014.fall.hw.acct_concepts.sol.pdf]

Financial reporting environment 10/21 — 10/28

• Reading
  • Chap 1
  • FASB’s process to issue new standards
  • “Economic Consequences and the Political Nature of Accounting Standard Setting,” by David Albrecht
  • Charles Niemeier speech on IFRS adoption to NYSSCPA
  • David Albrecht statement on IFRS adoption
  • “Golden’s 5 Goals for FASB’s Future,” by Edith Orenstein
• Homework
  • Problems [s-intermediate1.2014.fall.hw.acct_environ.pdf]
  • Solutions [s-intermediate1.2014.fall.hw.acct_environ.sol.pdf]

Accounting cycle 10/7 — 10/16

• Reading
  • Chap 3
• Notes
  • Part 1 [s-intermediate1.2014.fall.notes.acct_cycle.part1.pdf]
  • Example — complete accounting cycle [s-intermediate1.2014.fall.notes.acct_cycle.example.pdf]
  • Part 2 []
• Homework
  • Problems [s-intermediate1.2014.fall.hw.acct_cycle.pdf]
  • Solutions
    • 17-22 [s-intermediate1.2014.fall.hw.acct_cycle.sol.17-22.pdf] P19, P22 corrected
    • 23-25 [s-intermediate1.2014.fall.hw.acct_cycle.sol.23-25.pdf] Stmt of CF corrected for all 3 problems
    • 26-30 [s-intermediate1.2014.fall.hw.acct_cycle.sol.26-30.pdf]
    • 31-35 [s-intermediate1.2014.fall.hw.acct_cycle.sol.31-35.pdf]

Review of Financial Statements 9/30 & 10/2

• Reading none
• Notes [s-intermediate1.2014.fall.notes.intro_finc_stmts.pdf]
• Homework
  • Problems [s-intermediate1.2014.fall.hw.intro_finc_stmts.pdf]
  • Solutions
    • 1-10 [s-intermediate1.2014.fall.hw.intro_finc_stmts.1-10.sol.pdf]
    • 11-16 [s-intermediate1.2014.fall.hw.intro_finc_stmts.11-16.sol.pdf]

Other stuff

Homework table of contents

• Page 1 [s-intermediate1.2014.fall.hw.toc.page1.pdf]
• Page 2 [s-intermediate1.2014.fall.hw.toc.page2.pdf]
• Page 3 [s-intermediate1.2014.fall.hw.toc.page3.pdf]

Graded tests and assignments

• Tests
  • E1 test [e-intermediate1.2014.fall.e1.pdf] solutions [e-intermediate1.2014.fall.e1.sol.pdf] preview [s-intermediate1.2014.fall.exams.e1prevu.pdf] modified
  • E2 test [e-intermediate1.2014.fall.e2.pdf] solutions [e-intermediate1.2014.fall.e2.sol.pdf] preview [s-intermediate1.2014.fall.exams.e2prevu.pdf] modified
  • E3 preview [s-intermediate1.2014.fall.exams.e3prevu.pdf] slightly modified
• Real money simulation game
  • Assignments [s-intermediate1.2014.fall.assignments.real_money.pdf]
    • Assignment 1
    • Assignment 2
    • Class financial statements [m-intermediate1.2014.fall.xlsx]
• Professional skills assignments [s-intermediate1.2014.fall.assignments.professional_skills.pdf]
  • Assignment 1 Tuesday, November 4

Real Money Simulation Game

• Introductory material [s-intermediate1.2014.fall.rm.intro.pdf]
• Instructions to play game [s-intermediate1.2014.fall.rm.playthegame.pdf]
• Instructions for accounting [s-intermediate1.2014.fall.rm.acctinstructions.pdf] edited
• Instructions for preparing an annual report [s-intermediate1.2014.fall.rm.arinstructions.pdf]
• Instructions for investing []
• Student files
  • Devon [DevonLewis.Project 3] [DevonLewis.Project3TandTB] [DevonLewis.Project31]
  • Ethan [EthanWong.T Accoutns] [EthanWong.balancesheetHatcompany] [EthanWong.CEOletteryear3] [EthanWong.FinancialNotesHat1] [EthanWong.FinancialStatements] [EthanWong.HatCompanyCEOcertifEthan] [EthanWong.HatCompanyJournalYear3] [EthanWong.HatcompanyYear3Diary]
  • Ethan [EthanWeber.CEO Letter Yr 3] [EthanWeber.Certification of Financial Statements] [EthanWeber.Cover Letter] [EthanWeber.Monopoly Project Year 3 FINAL] [EthanWeber.Notes to the Financial Statements1]

Old tests

• Fall, 2009 at Concordia College / weeks 1-15 of intermediate acct [intermediate1.old_tests_2009.pdf]
• Fall, 2010 at Concordia College / weeks 1-15 of intermediate acct [intermediate1.old_tests_2010.pdf] no E2
• Fall, 2011 at Concordia College / weeks 1-15 of intermediate acct [intermediate1.old_tests_2011.pdf]
• Fall, 2013 at La Sierra University / weeks 1-10 of intermediate acct [intermediate1.old_tests_2013.pdf] E1 P8 solution corrected

 

 

• “Remarks by Russell G. Golden,” Chair, FASB, FASB at 40 Conference, September 12, 2013