MOS 3360A Intermediate Accounting I
Course Outline: Section – 001
1. Course Information:
1.1. Class Location and Time:
Secti Day Time Building Room Instructor
001 Mondays & 7:00 pm -10:00 UCC 37 Muhammad
Wednesday pm Shuja
Instructor Room Office Hours Phone Email Address
Muhammad SSC- Mondays: 2:00 pm – 3:30661-2111; Ext. [email protected]
Shuja 4423 pm 84923
Wednesday: 2:00 pm –
Website Address: https://owl.uwo.ca/portal
DAN Management and Organizational Studies strives at all times to provide accessibility to
all faculty, staff, students and visitors in a way that respects the dignity and independence
of people with disabilities. Please contact the course instructor if you require material in an
alternate format or if you require any other arrangements to make this course more
accessible to you. You may also wish to contact Services for Students with Disabilities
(SSD) at 519-661-2111 ext 82147 for any specific question regarding an accommodation.
More information about “Accessibility at Western” is available at: http://accessibility.uwo.ca
2. Calendar Description
2.1. The purpose of this course is to for students to understand the theory,
concepts and methods of financial accounting information particularly in the areas
of financial statements, revenue recognition, and current and long-term assets.
The procedures and practices under International Financial Reporting Standards
(IFRS) and Accounting Standards for Private Enterprises (ASPE) will be applied to
the various topics in corporate financial accounting and reporting.
3 lecture hours, 0.5 course 2.2. Prerequisite(s): Business 2257 and enrolment in MOS.
2.3. Senate Regulations state, “unless you have either the requisites for this
course or written special permission from your Dean to enroll in it, you will be
removed from this course and it will be deleted from your record. This decision may
not be appealed. You will receive no adjustment to your fees in the event that you
are dropped from a course for failing to have the necessary prerequisites.”
3.1. Kieso, Weygandt, Warfield, Young,and Wiecek, Intermediate Accounting,
Volume 1, 9th Canadian Edition, Wiley Publishing, 2010.
3.2. Kieso Study Guide, Volume 1, Ninth Canadian Edition, Wiley Publishing, 2010
3.3. CICA Handbook available on the Western Libraries website.
4. Course Objectives and Format
4.1. Class-Time: Class time will consist of lectures, problem solving and
discussion. Class discussion is encouraged so please be prepared for class by
Solutions: Official solutions to the exercises, problems and writing assignments
taken up in-class will be made available on OWL after the relevant material is
Self-Study Problems: Self-study problems will provide the student with the
opportunity to practice the course material. The problems need not be submitted
and will not be graded. The suggested solutions will be made available on OWL so
that the students can check their own solutions and thereby determine their
understanding of the material. The instructor should be consulted if the student has
difficulty in understanding the suggested solution.
Quiz and Examinations: The quiz and examinations will test the student's
comprehension of both the technical and conceptual aspects of the course.
How to do well in this course:
COME TO CLASS, REVIEW CLASS NOTES AND PRACTICE, PRACTICE,
To perform well in this course, you must spend time answering extra problems and
checking the answers to test your understanding. To maximize your learning, you
should make an honest attempt at the question before peeking at the solution.
Simply reading a question and then turning to the solution right away is next to
useless. You will find that there is likely to be a direct correlation between the
number of problems you prepare and your attendance in class and your course
We recommend the following study approach:
1. Go over your class notes and all problems done in class. Re-do the problems on
your own to see if you can arrive at the same solution as was derived in class. 2. Use the textbook as a reference source for topics you are having difficulty with.
3. Do as many problems as you need to feel you have a good comprehension of the
material. You can use the Study Guide and your textbook's website for additional
practice questions and quizzes. Final Thoughts
This is not a course to register in if you are seeking an easy credit. For many
students, this course is a difficult one. Part of this difficulty stems from a challenging
subject matter, but the biggest difficulty comes from failing to devote enough effort
to working with the material. Like calculus and other similar courses where no two
problems look alike, accounting requires that you practice working with it ---over and
over and over. You are unlikely to learn by merely watching someone else "do
These observations have a number of implications for you and me. First, you will
have to spend many hours during, and after class working on the course. During
class, you should ask questions whenever they arise and don't stop asking until you
are satisfied that you understand the explanations. This class contains a lot of new
vocabulary and concepts so don't be afraid to ask for clarification or examples. After
class, you should review both your class notes and the suggested solutions to the
assigned problems to improve your understanding. It is absolutely essential that you
keep up with the assigned readings and end-of-chapter problems.
In exchange for your hard work, you can expect the same from me. For example,
expect me to come to class with an organized outline for the day's topics. Expect me
to enthusiastically answer any and all of your questions, either in-person during class
and office hours, or via e-mail. Expect me to provide timely feedback on how well
you understand the material.
In Class Quiz (Chapters 1, 2 & 3)
May 13, 2013 (From 7:00 pm – 7:30 pm) 10%
Participation, Weekly 10%
Midterm Exam (Chapters 4, 5, 6 & 8)
Saturday, June 1 , 2013; From 10:00 35%
am – 1:00 pm
Final Exam (Chapters 7, 9-12)
Participation will be accessed on a weekly basis according to the instructor’s rubric (please
refer to attachment).
There will be no make up for the quiz under any circumstance. If proper documentation is
presented for a missed quiz, the quiz will not be written, instead the 10% will be reallocated
to the final exam, in which case the final exam will be worth 55% of the final grade.
Exams are closed book examinations. Dictionaries are NOT allowed into the
Only non-programmable calculators will be allowed into the exams. If you are
unsure, please ask your professor to check your calculator. Students are responsible for material covered in the lectures as well as the assigned
chapters in the text. Exams will not be returned to students but may be reviewed in the
Students are REQUIRED TO COMPLETE ALL COMPONENTS of this course. There are no
exceptions to this. Extra assignments to improve grades will NOT be allowed. Grades will
not be adjusted on the basis of need. It is important to monitor your performance in the
course. Remember: You are responsible for your grades in this course.
6. Lecture and Examination Schedule
Please refer to weekly course schedule.
7. University Policy Regarding Illness
The University recognizes that a student’s ability to meet his/her academic
responsibilities may, on occasion, be impaired by medical illness. Illness may be
acute (short term), or it may be chronic (lo