ACTG 2011 Section B 3.

0: Introduction to Financial Accounting II

Course Outline
Fall 2015

(Class) Wednesday(s), 14:30 17:30, beginning September 16th in N106 SSB

(Lab) Thursday(s), 17:30-19:00, beginning September 17th in E112 SSB

Instructor

Faculty Secretary

Alla Volodina
S344D Seymour Schulich Building
(416)736-5066
avolodina@schulich.yorku.ca
Office hours: By appointment only, please email the instructor

Mary Rizzo
(416) 736-5066
mrizzo@schulich.yorku.ca

Alla Volodina brings a wealth of industry and public practice experience into the classroom, including
public practice experience at one of the Big 4 accounting firms, as well as performance audit
experience at a provincial level. Alla is currently teaching courses in financial accounting, audit and case
writing at undergraduate and graduate levels.
BRIEF DESCRIPTION
Together with ACTG 2010, this two-course sequence develops students' understanding of financial
accounting information so that they can be informed and effective users of the information. The
courses focus on uses of accounting information for different decisions and from different stakeholder
perspectives, and consider the economic and behavioural effects that accounting treatments have on
users and preparers. Readings from current publications are used to demonstrate practical applications
of the issues discussed in class. Classroom techniques such as case studies, classroom discussions,
student presentations and group and individual research projects (intended to develop students' critical
skills) are employed.
PREREQUISITE[S] / CO-REQUISITE[S]
SB/ ACTG 2010.03
Note 1: Successful completion of SB/ACTG 2010 3.00 is a prerequisite for SB/ACTG 2011 3.00. Students
who have not successfully completed SB/ACTG 2010 3.00 will be withdrawn from SB/ACTG 2011 3.00.
Note 2: SB/ACTG 2011 3.00 is not available to exchange students visiting Schulich unless it is a full year
exchange and SB/ACTG 2010 3.00 is taken in the fall.
Contents
Course Learning Outcomes ........................................................................................................................... 2
Deliverables at a Glance................................................................................................................................ 2
Course Material............................................................................................................................................. 2
Student Preparation for Class and Class Participation: Expectations ........................................................... 4
Class-by-Class Syllabus .................................................................................................................................. 6
Written Assignments/Projects and Exam[s]: Descriptions ........................................................................... 7
Evaluation of Written Assignments/Projects and Exams ............................................................................. 9
Calculation of Course Grade ....................................................................................................................... 10

ACTG 2011B p. 2
General Academic Policies: Grading, Academic Honesty, Accommodations and Exams ........................... 10

Course Learning Outcomes

By the end of ACTG 2011 3.00, you will be expected:

To have developed a critical understanding of the many roles of accounting information in society.
To understand how accounting, as a language, is used to construct narratives in the form of
accounting reports.
To be conversant with the language of accounting, familiar with the standard forms of accounting
reports, and able to interpret accounting reports critically.
To understand the needs of different users of accounting reports, and to choose and evaluate the
financial information appropriate to these users.
To have improved your ability to work effectively in groups.
To have developed your critical thinking and problem-solving skills.
To have begun to develop an appreciation of real world implications of course work.
To understand International Financial Reporting Standards (IFRS) and Accounting Standards for
Private Enterprises (ASPE).

Deliverables at a Glance

In the table below, the impact of each task on your final grade for the course is indicated in the %
weight column.
Assignment/Task
Connect Lab Assignments
Quiz in Lab (ACTG 2010 Material)
Quiz in Lab (2 Random Quiz)
Assignment 1
Assignment 2
Midterm Exam
Final exam

Quantity
4
1
2
1
1
1
1

% Weight
2
4
2
6
8
25
45

Total %
8
4
4
6
8
25
45
100%

Author
Individual
Individual
Individual
Groups of 2
Individual
Individual
Individual

For details, see Written Assignments/Projects and Exam[s]: Descriptions (p. 7-10) and Evaluation
(p. 10).

Course Material

Required reading for this course includes the following book[s]. It is (They are) available for purchase
from the York University Bookstore http://bookstore.yorku.ca/:
Custom Casebook: Volodina, A, DSouza, P; ACTG2010 & ACTG2011 Financial Accounting, 2015/2016
edition Casebook, 2015, McGraw-Hill Education, ISBN 9781259455674
Textbook with Connect
Friedlan, J. (2013). Financial Accounting: A Critical Approach, Fourth edition, with Connect (Package
ISBN: 1259066525)
OR
Connect (includes eBook and Course Assignment)
Students can purchase Connect Access Codes through the York Bookstore or online when they register
in their Connect Course (see Connect Registration Instructions below). Students have access to Connect
for 1 year from when they register.

ACTG 2011B p. 3
Students must have Connect access to complete course assignments in ACTG2010 and ACTG2011.
Connect access codes and accounts are non-transferable between students.
Registration for Connect opens on September 9th if you try to register before this date, you will get
the message Registration for this section is now closed please register on or after September 9th.
Connect
Connect is required for both ACTG 2010 and ACTG 2011 to complete course assignments online. The
license is valid for one year and you can purchase Connect online when you register or purchase a
Connect Access Code from the York Bookstore. Connect is also packaged at no extra cost with the
Friedlan text at the York Bookstore.
Connect for ACTG 2011 includes:
The online interactive eBook for Friedlan, Financial Accounting, 4th edition
Assignments as part of your course grades
End-of-chapter practice questions with solutions
Additional Student Study Resources
Connect Registration Instructions for Students with previous access to Connect for Friedlan
Click on the link to for your section:
Course
Section
Professor
Connect Course URL for Student Registration
ACTG 2011 3.0
B
Alla Volodina
http://connect.mheducation.com/class/a-volodina-fall-2015-b
Go to the Connect Web Address for your section or provided by your instructor.
Click on Register Now.
Enter your York email address or email address you previously used to register for Connect.
Students who already have a McGraw-Hill account will be asked for their password and will not be
required to create a new account.
Students with a valid and existing Connect course for Friedlan will be moved to their new course and
section.
Follow the on-screen directions.
When registration is complete, click on Go to Connect Now.
You are now ready to use Connect.
Connect Support
For Connect Support, submit a support ticket with the McGraw-Hill Care Centre at
http://www.mheducation.ca/college/helpticket. You will be issued a case or reference number. Please
keep for your records.
If you still need assistance after submitting a ticket with the McGraw-Hill Care Centre, you can email
your ticket number and request to your McGraw-Hill Representative: Michele Peach,
michele.peach@mheducation.com
Course Materials Database (CMD)
Each section of a Schulich-based course has a Course Materials Database (CMD) created within Lotus
Notes. The CMD will be used as a central bulletin board on which the instructor will post all lecture
notes and materials. Every CMD includes some important general information for Schulich students. In

ACTG 2011B p. 4
addition, the instructor may post the weekly Power Point slides to the CMD as well as any other
instructions that relate to the course. Students have read-only access to the CMD. You are expected to
check the CMD at least twice each week. Any announcements that need to be made to the entire class
will be posted rather than sent in a blanket email. If you have any difficulty accessing the CMD (it can be
done through the internet), please contact Schulich Computer Services immediately.

Student Preparation for Class and Class Participation: Expectations

In any given class, we may look at a particular accounting topic from the following points of view:
Accounting theory
Accounting practice
Generally Accepted Accounting Principles (GAAP)
Practical implications
Cash implications
Financial statements and analysis
Organizational and societal impact
Students occasionally find the pedagogical approach used in Schulichs accounting courses, including this
one, to be unfamiliar, unexpected, or even uncomfortable. At Schulich, we do not teach accounting
strictly from a bookkeeper's point of view, or from the view of only one particular user, such as a
shareholder. Such approaches can reward students who are good at memorizing, but memorizing will
only take you so far in life. We prefer to help students develop a comprehensive understanding of
accounting, and develop and apply critical thinking skills.
The course weaves together theory, concepts, teaching problems, practical problems, and short cases.
Much of the material will be vague, imprecise, and hard to understand. This is because accounting deals
with people and their relationships. The social world is uncertain and difficult to comprehend.
Therefore, students will often feel uncertain about how to make sense of the material, or what parts of
the material are important. This uncertainty is all part of the learning process. Whenever you experience
frustration with the course material, remember that this is an indication that you are being stretched
appropriately.
Course Ground Rules: Read Carefully
1. A minimum of 8 to 10 hours of work outside of class is required every week. Even more work
outside of class will be needed to prepare for examinations. Some students ignore this suggestion
until it is too late. Trying to cram for this course proves in most cases to be impossible. Practice and
application are required.
2. You are responsible for preparing in advance for all classes. This includes reading the textbooks and
assigned readings noted on the course outline. Educational studies show that students who prepare
in advance of class do much better than others.
3. What you get out of the class depends on how much you put into it, and how much your classmates
put into it, too. Be prepared to engage in the class discussions. This means first of all listening to
what others are saying, and thinking carefully about what they are trying to say, and then
responding constructively. The class will be a rich learning environment if you are willing to take the
risk to agree or disagree, to challenge, to argue, to put forth your position, all the while listening
carefully to the contributions of others.

ACTG 2011B p. 5
4. If you miss a class, you are responsible for arranging with your classmates to get copies of any
handouts, and for finding out what was discussed in class.
5. Lectures and case coverage may be up to two weeks ahead of, or behind, topics noted in the course
outline, depending upon the particular difficulties experienced by the class. Regardless of class
coverage, you are responsible for all material noted in the course outline plus class discussions.
6. The instructor will enforce all applicable faculty and university policies, especially those regarding
academic conduct and misconduct. There are clear policies regarding such things as plagiarism, and
it your responsibility to understand them. This includes copying a classmates assignment, using
material from solutions manuals or solutions found on the web. There are also clear procedures for
handling cases of academic misconduct. These procedures will be followed. If you have any
questions about such matters, talk to your instructor and to Student Services.
7. There are also clear policies on what constitutes a valid reason for missing a deadline. Again, check
with Student Services for applicable policies and required documentation such as attending
physician forms. It is highly recommended that you learn about these policies now, and know about
the appropriate forms before you need them.
Labs
Labs are an integral part of ACTG 2011. Lab sessions will provide you the opportunity to learn the more
technical aspects of the course material in a structured setting. Lab instructors will lead students
through the scheduled material and answer detailed questions. They will also answer more general
questions on the subject matter of the course. Lab assignments are not necessarily covered in class, and
are not graded. However, this material is part of the course and you are responsible for examination
purposes. Attendance will be taken for each lab. All quizzes will be held in the lab. The assignments are
all due in the lab and they will also be returned in the lab. The case assignments will be taken up in the
lab.

ACTG 2011B p. 6

Class-by-Class Syllabus
Topics, readings, and other preparations for every class are listed below.
Note: If any changes in this schedule become necessary, notifications will be posted on the course CMD,
and when changes need to be announced between classes, an email will be sent to students Lotus Notes
email accounts, notifying them of the change.
Date

Lecture Readings and Topic

Class Preparation

Lab Questions

Assignment
Due

FRIEDLAN:
Chapter 8

Review 2010 materials

(Chapter 1-7)
FRIEDLAN:
E8-1, E8-2, E8-3,
E8-11, E8-14, E8-17

Chapter 8 - Continued

FRIEDLAN:
Chapter 8
Case 2 (Pg 783)
Athina Bldg Supply

Quiz in Lab
(Chapter 1-7)

Quiz in Lab
(Chapter 1-7)

Class 3: Sept. 30
Lab 3: Oct. 1

Chapter 8 Continued
Chapter 9
Current and long-term liabilities;
Bonds, Leases, Contingencies, etc.

FRIEDLAN:
Chapter 9
CASEBOOK:
Dream Catchers Ltd

FRIEDLAN:
E8-20, E8-26
P8-5, P8-8, P8-15

Connect Assign 1
Ch 8
Due Date :
Oct. 4

Class 4: Oct. 7
Lab 4: Oct. 8

Chapter 9 (Continued)

FRIEDLAN:
Chapter 9

FRIEDLAN:
E9-5, E9-7, E9-16,
E9-19, E9-27, P9-3,

Case #1
Due in Lab

Class 5: Oct. 14
Lab 5: Oct. 15

FRIEDLAN:
Chapter 9
Case 7 (Pg 787)
Federal Diary
Limited

Case 1 take up
FRIEDLAN:
P9-5, P9-7, P9-9,
P9-10, P9-18
Review
Chapters 8 & 9

Connect Assign 2
Ch 9
Due Date:
Oct. 25

Class 1: Sept. 16
Lab 1: Sept. 17

Class 2: Sept. 23
Lab 2: Sept. 24

Introduction to course
Case method review
Ch. 8 Capital assets

Chapter 9 (Continued)
Review

Class 6: Oct. 21
Lab: No Lab

Mid Term Exam (Chapters 1-9) 2 Hours In Class

CO-CURRICULAR DAYS NO CLASSES OR LABS October 29 to November 1

Class 7: Oct. 28
Lab 6: Nov. 5

Chapter 10
Owners Equity

FRIEDLAN:
Chapter 10
Supplementary Material

Class 8: Nov. 4
Lab 7: Nov. 12

Chapter 10 (Continued)

Midterm take up
FRIEDLAN:
Chapter 10
CASEBOOK:
CafeBucks Inc.

FRIEDLAN
E10-1, E10-5, E10 -9
E10-10
FRIEDLAN:
E10-11, E10-19, P10-1,
P10-3, P10-9, P10-13

ACTG 2011B p. 7

Date

Lecture Readings and Topics

Class Preparation

Lab Questions

Assignment
Due

Class 9: Nov. 11
Lab 8: Nov. 19

Chapter 11
Inter-corporate investments

FRIEDLAN:
Chapter 11

FRIEDLAN:
E11-1, E11-5, E11-9,
P11-2, P11-10

Connect Assign 3
Ch. 10
Due Date:
Nov. 22

Class 10: Nov. 18

Lab 9: Nov. 26

Chapter 11 (Continued)
Chapter 12
Using Financial Statements

FRIEDLAN:
E12-6, E12-9,
E12-18,
P12-1, P12-5

Case #2
Due In Lab

Class 11: Nov. 25

Lab 10: Dec. 3

Chapter 12 (Continued)

FRIEDLAN:
FRIEDLAN:
Chapter 11/12
CASEBOOK:
EcoPlanet Inc
FRIEDLAN:
Chapter 11/12
SUPPLEMENTARY
CASE:
Extreme Sporting
Goods

Case 2 take up
FRIEDLAN:
P12-7, P12-11, P12-13

Connect Assign 4
Ch. 11 & 12
Due Date:
Dec. 6

Class 12: Dec. 2

Lab 11: No Lab

Review

FINAL EXAM (All Chapters) - (3 Hours)

All Connect Assignments are due at 11:59 pm on Sundays

TBD (Dec 9-23)

Written Assignments/Projects and Exam[s]: Descriptions

HOMEWORK ASSIGNMENTS
There are two types of homework: Connect Lab assignments and two hand-in assignments.
Due Date
Class 2
Quiz in Lab
Lab
Please bring your computer to all lab sessions. You will need your computer to access the
quiz. There are a total of 3 quizzes to be held in the lab.
The first quiz is a scheduled quiz that will be held at the beginning of the second lab. This
quiz will consist of all materials covered in ACTG 2010. This Quiz will take 1 hour. The quiz
will be closed book and consists of 30 multiple choice questions. It will cover materials from
ACTG 2010 (Chapters 1-7). On the day of the quiz (at the beginning of Lab 2), Please
remember to bring your computer with you and you will need to access to Connect in
order to do the quiz. Please inform your lab instructor immediately if you have any problem
with your computer or access to Connect. Please also ensure you have access to Connect
prior to the second lab.
Value : 4%
Varies

The other 2 quizzes will be held randomly throughout the term. The quiz will cover
materials from the previous week. Each quiz is worth 2 marks.
Value : 4%

ACTG 2011B p. 8
Due Date
Hand-in Case Assignments (due at the beginning of lab)
Both hand-in assignments one and two will be posted on the CMD at the appropriate time.
They are due at the beginning of class on the specified dates. Each of the assignments will
specify the requirements and the relevant due dates.
Assignments will be graded for technical accuracy, analytical ability and critical thinking.
Common Error Sheets (CES) of the assignment will be posted to the course database to
indicate general problem areas.
Assignments are handed in at the beginning of the lab. No late assignments will be
accepted. Email or faxed assignments are also not accepted.
There are no make-up assignments. The assignments weight is added to that of the final
exam if you notify the instructor in advance of the due date and provide valid
documentation (e.g., medical note) to both the instructor and Student Services.
All case assignments must be typed or written legibly using blue pen. Each case must be no
longer than six letter-size pages (excluding appendices), 1 spacing, 12 point font, times
new roman, with 1 margins. The appendices should only be used to include calculations or
tables and they cannot exceed 2 pages. It is critical that students follow these page limits
for the case answer and any answer in excess of these page limits will be marked but will
not be graded.
State your assumptions, where applicable. You must use judgment as to the style of
response that seems appropriate.
In addition to submitting a paper copy of your assignments in class, you will have to
demonstrate the originality of your work. The easiest way to do this is to submit an
electronic copy of this case Assignment two to Turnitin. This is a web-based service that
checks for plagiarism. Students are encouraged to login to http://turnitin.com to create an
account under ACTG 2011 Fall 2015 as soon as possible and should not wait until the last
minute. Students will require the following Class ID and Enrollment Password information
to set up the account and to post assignments:
Section
Class ID
Enrollment Password
B
10221396
15FACTG2011B
Week 4
In Lab

Assignment 1:
Assignment 1 must be done in groups of two. Each pair must complete the assignments on
an independent basis, without collaboration with other pairs. Groups of more than two will
not be allowed. Each group is required to put a cover sheet with their full official name(s),
student number(s), and lecture section. The cover sheet does not count as a page for the
maximum page limit.
The instructor will not intervene to adjudicate issues/conflicts between partners. Each
student in a pair will receive the same mark for the assignment, so it is strongly
recommended that you study together with your partner, and that both students
contribute to each solution.

ACTG 2011B p. 9
Due Date

Week 10
In Lab

If you do not have a partner for the hand-in assignments, please notify the instructor at
least two weeks from the due date of the assignment. Only upon the instructors approval
will you be able to work on the assignment on your own. If you do not get prior approval
your mark will be recorded at 50% of the total grade.
However, it is critical that each group hand in a completely independent write-up of the
problems in the assignment. Any undue similarity in written submissions will be considered
plagiarism. Based on past experience, you are advised not to share electronic copies of any
part of your assignment, since problems of ownership of the work may arise. Any undue
similarity to solutions for similar problems in the textbook or casebook will also be
considered plagiarism. Learn from all the sources at your disposal, but do your own work!
Value : 6%
Assignment 2:
Assignment 2 is a case assignment which will be done individually. Students are required to
put a cover sheet with their full official name(s), student number(s), and lecture section.
The cover sheet does not count as a page for the maximum page limit.
Max length: 6 pages, excluding appendices. Use 1 inch margin, 12-point Times New Roman
font, 1 spacing
Value : 8%

Evaluation of Written Assignments/Projects and Exams

Connect Assignments: Each Connect Assignment is evaluated out of 100 points and marked for its
accuracy.
Hand In Assignments: Each hand In Assignment is evaluated on the basis of a pre-set marking key. The
case assignment will be assessed according to the competency level attained. (See below)
Not Addressed (NA) The student did not address and/or attempt the required (e.g., issue).
Nominally Competent (NC) The student addressed the required (e.g., issue), but the response was
technically incorrect and/or lacked integration of relevant case facts.
Reaching Competent (RC) The student addressed the required (e.g., issue), but the response
contained some technical errors and/or contained insufficient integration of relevant case facts.
Competent (C) The student addressed the required (e.g., issue), and the response was technical
correct and contained sufficient integration of relevant case facts.
Highly Competent (HC) - The student addressed the required (e.g., issue), and the response was
technical correct, contained sufficient integration of relevant case facts, analyzed in-depth, and
contained insightful relevant comments.
Examinations: Exams will be marked for its accuracy and the case will be marked based on the
competency level listed above.

ACTG 2011B p. 10

Calculation of Course Grade

In this class, final course grades will be determined by the following process:
All the assignments and exams marks will be multiplied by weighting of each deliverable as outlined in the Deliverables
at a glance section above. The average mark will then be converted into a letter grade. The letter grade corresponds to
Schulichs 9-value index system as discussed below.

General Academic Policies: Grading, Academic Honesty, Accommodations and Exams

The course grading scheme for undergraduate courses conforms to the 9-point system used in other undergraduate
programs at York. The possible course letter grades for a course (and the corresponding grade points awarded for each
grade can be found at the link below:
http://schulich.yorku.ca/client/schulich/schulich_lp4w_lnd_webstation.nsf/page/Academic+Policies+BBA?OpenDocume
nt
Grades at Schulich are based on a 9-value index system. The top grade is A+ (9) and the minimum passing grade is D (2).
To keep final grades comparable across courses, the average course grade within a section of an undergraduate course is
normally between 5.5 and 7.0.
The Schulich School does not use a percentage scale or prescribe a standard conversion formula from percentages to
letter grades. Conversions within a course are at the discretion of the instructor.
For more details on the index, grading policies, and grade point average (GPA) requirements, see the Student Handbook
or the Student Services & International Relations website:
http://schulich.yorku.ca/client/schulich/schulich_lp4w_lnd_webstation.nsf/page/Academic+Policies+BBA?OpenDocume
nt
Academic honesty is fundamental to the integrity of university education and degree programs, and applies in every
course offered at Schulich. Students should familiarize themselves with York Universitys policy on academic honesty,
which may be found in the Student Handbook and on the Student Services & International Relations website:
http://www.schulich.yorku.ca/client/schulich/schulich_lp4w_lnd_webstation.nsf/page/Academic+Honesty!OpenDocum
ent
Accommodations: For accommodations sought due to exam conflicts, religious reasons, unavoidable absences or
disabilities, please refer to the Student Handbook or contact Student Services.
For counseling & disability services, contact Student Services or see http://www.yorku.ca/cds/.
Exams (Absence from)
Mid-term: Students who miss a mid-term examination must contact their course instructor within 24 hours and provide
the course instructor with documentation substantiating the reason for the absence. A copy of the documentation must
also be submitted to Student Services; it will be placed in the students file. If a midterm is missed based on an
acceptable (refer to Student Services guidelines) documented reason your midterm mark will be allocated to the final
examination i.e. you will write the final exam for the combined midterm and final exam marks.
Final: Within 24 hours of missing a final examination, students must contact the Associate Director, Undergraduate
Programs Unit> at (416) 736-5060 and must also contact their course instructor. Formal, original documentation
regarding the reason for missing the exam must be submitted to the <Director of Student Services, Associate Director,
Undergraduate Programs Unit> (SSB Room W262) within 48 hours of missing the final exam. Students who miss a final
exam due to illness must have their doctor complete an Attending Physicians Statement. For more details, see:
http://schulich.yorku.ca/client/schulich/schulich_lp4w_lnd_webstation.nsf/page/Enrolment++MBA+Exam+Schedule?OpenDocument
After these two steps are completed, you may write the exam at time to be arranged by the accounting area.