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ACCT 2321 Syllabus

Course Syllabus

ACCT 2321 - Intermediate Accounting

3 Credit Hours

Course Information

Course Description:

This course is an in-depth study of the conceptual framework of accounting theory and the preparation of financial statements and financial disclosures. Topics may include income measurement and profitability analysis, time value of money, cash and receivables, measurement and valuation of inventory and cost of goods sold, and accounting for plant assets and intangibles. 3 hours lecture.

Course Outcomes:

Upon successful completion of this course, students will be able to:

  • Demonstrate knowledge of Intermediate Accounting
  • Demonstrate knowledge of the core revenue recognition principle
  • Demonstrate time value of money for the future and present
  • Differentiate between the use of receivables in financing arrangements accounted for as a secured borrowing and those accounted for as a sale.
Prerequisites & Co-requisites:

ACCT 1020

Course Topics:
  • Revenue Recognition
  • Time Value of Money
  • Cash and Receivables 
  • Inventories 
  • Property Plant and Equipment
  • Current Liabilities and Contingencies
  • Bonds And Leases
  • Pensions and other post-retirement benefit plans
  • Shareholders Equity and Earnings Per Share
Specific Course Requirements:

This course requires you to participate weekly, complete assignments, tests, and discussions by the specified dates. Students are required to log in frequently each week and should expect to spend 12-15 hours per week on coursework. As you start, get into a habit of logging in daily to check for course assignments and any updated information pertaining to those assignments and discussions.

Textbooks, Supplementary Materials, Hardware and Software Requirements

Required Textbooks:

Please visit the Virtual Bookstore to obtain textbook information for this course. Move your cursor over the "Books" link in the navigation bar and select "Textbooks & Course Materials." Select your Program, Term, Department, and Course; then select "Submit."

Supplementary Materials:

McGraw Hill Connect

Hardware and Software Requirements:

Minimum hardware requirements can be found here.

Minimum software requirements can be found here.

Common applications you might need:

Web Resources:

Purdue OWL Online Writing Lab (for APA, MLA, or Chicago style)

The Writing Center Online Writer's Handbook

Student Resources:
  • Technical support information can be found on the TN eCampus Help Desk page.
  • Smarthinking virtual tutoring is available FREE of charge. to access Smarthinking, visit the course homepage and select Smarthinking under Course Resources. You also view sample sessions to see what Smarthinking offers and how it works.
  • Information on other student issues or concerns can be located on the TN eCampus Student Resources page.

Instructor Information

Please see "Instructor Information" in the Getting Started Module for instructor contact information, virtual office hours, and other communication information. You can expect to receive a response from the instructor within 24-48 hours unless notified of extenuating circumstances.

Participation, Assessments, & Grading

Grading Procedures:

Letter grades for this course will be assigned based on the following scale.

Assigned Grade

PercentageAssigned Grade
90 - 100%A
80 - 89%B
70 - 79%C
60 - 69%D
under 59%F

Graded Items

13 Discussions @ 10 points each10%
13 Assignments @ 100 points each25%
13 Chapter Quizzes @ 100 points each20%
13 Section Tests @100 points each30%
Final Exam @ 100 points each15%
Total Points100%


Grading Scale:
Assignments and Projects:

Dropbox Assignments

Students will participate in discussions, complete cost accounting problem assignments, take a practice quiz, and a test in each module. There is a comprehensive non-proctored final exam. All assignments and projects will be graded within two weeks of the due date. Students can find details of these assignments in the textbook. A brief description are offered within each dropbox item for your convenience. Be advised that the textbook offers additional examples and resources, so be sure to use it to your advantage.


The discussions present case study challenges and encourage your interactions with other students in the class.

Connect Activities

Quizzes and other materials at the Connect site are designed to prepare you for the module quizzes and tests in the course, which are both graded. Connect activities are not graded.

Class Participation:

Participation is mandatory for all assignments, discussion, and assessments in order to get the most out of this course. Everything is for a grade and will need to be completed to get the highest points in this course. Discussions are here for you to think about what is posted and develop your comprehension of each module. Please allow adequate time for posts and answers to emails. Students should log in to the course every other day for updated materials such as discussions posts. 

Late Policy:

Assignments are due on specific dates. These dates and the required assignments are listed in the Assignments Schedule document in the Getting Started section of the Content, as well as in the course calendar. All required work for the class must be submitted by the due date. Access to the online content will end when the due date occurs. If an emergency arises, contact your instructor immediately. It will be up to the instructor if assignments can be submitted late.Assignments are due on specific dates. These dates and the required assignments are listed in the Assignments Schedule document in the Getting Started section of the Content, as well as in the course calendar. All required work for the class must be submitted by the due date. Access to the online content will end when the due date occurs. If an emergency arises, contact your instructor immediately. It will be up to the instructor if assignments can be submitted late.

Course Ground Rules

The following two statements (1., 2.) were derived from the TBR System-wide Student Rules document, released January 2012:


Read the document in its entirety here.

1. Standards of Conduct:

  • Students are required to adhere to the same professional, legal and ethical standards of conduct online as on campus. In addition, students should conform to generally accepted standards of "netiquette" while sending e-mail, posting comments to the discussion board, and while participating in other means of communicating online. Specifically, students should refrain from inappropriate and/or offensive language, comments and actions.

2. Review the TN eCampus Academic Integrity/Academic Honesty Policy:

  • In their academic activities, students are expected to maintain high standards of honesty and integrity. Academic dishonesty is prohibited.

Such conduct includes, but is not limited to:

  • an attempt by one or more students to use unauthorized information in the taking of an exam
  • to submit as one's own work, themes, reports, drawings, laboratory notes, computer programs, or other products prepared by another person,
  • or to knowingly assist another student in obtaining or using unauthorized materials.

Plagiarism, cheating, and other forms of academic dishonesty are prohibited.

Students guilty of academic misconduct, either directly or indirectly through participation or assistance, are subject to disciplinary action through the regular procedures of the student’s home institution.  Refer to the student handbook provided by your home institution to review the student conduct policy.

In addition to other possible disciplinary sanctions that may be imposed, the instructor has the authority to assign an "F" or zero for an activity or to assign an "F" for the course.

Other Course Rules:

Students are expected to:

  • Participate in all aspects of the course
  • Communicate with other students
  • Learn how to navigate in Brightspace
  • Keep abreast of course announcements
  • Use the assigned course management (Brightspace) email address rather than a personal email address
  • Address technical problems immediately:
  • Observe course netiquette at all times.

Guidelines for Communications


  • Always include a subject line.
  • Remember without facial expressions some comments may be taken the wrong way. Be careful in wording your emails. Use of emoticons might be helpful in some cases.
  • Use standard fonts.
  • Do not send large attachments without permission.
  • Special formatting such as centering, audio messages, tables, html, etc. should be avoided unless necessary to complete an assignment or other communication.
  • Respect the privacy of other class members


  • Review the discussion threads thoroughly before entering the discussion. Be a lurker then a discussant.
  • Try to maintain threads by using the "Reply" button rather starting a new topic.
  • Do not make insulting or inflammatory statements to other members of the discussion group. Be respectful of other’s ideas.
  • Be patient and read the comments of other group members thoroughly before entering your remarks.
  • Be cooperative with group leaders in completing assigned tasks.
  • Be positive and constructive in group discussions.
  • Respond in a thoughtful and timely manner.


The Tennessee Virtual Library is available to all students enrolled in TN eCampus programs and courses. Links to library materials (such as electronic journals, databases, interlibrary loans, digital reserves, dictionaries, encyclopedias, maps, and librarian support) and Internet resources needed by learners to complete online assignments and as background reading will be included within the course modules. To access the Virtual Library, go to the course homepage and select the Virtual Library link under Course Resources.

Students with Disabilities

Qualified students with disabilities will be provided reasonable and necessary academic accommodations if determined eligible by the appropriate disability services staff at their home institution. Prior to granting disability accommodations in this course, the instructor must receive written verification of a student's eligibility for specific accommodations from the disability services staff at the home institution. It is the student's responsibility to initiate contact with their home institution's disability services staff and to follow the established procedures for having the accommodation notice sent to the instructor.

Syllabus Changes

The instructor reserves the right to make changes as necessary to this syllabus. If changes are necessitated during the term of the course, the instructor will immediately notify students of such changes both by individual email communication and posting both notification and nature of change(s) on the course bulletin board.


The information contained in this syllabus is for general information purposes only. While we endeavor to keep this information up-to-date and accurate, there may be some discrepancies between this syllabus and the one found in your online course. The syllabus of record is the one found in your online course. Please make sure you read the syllabus in your course at the beginning of the semester. Questions regarding course content should be directed to your instructor.

Last Revised on March 23, 2018