Department of Accountancy

AKK207
Intermediate Accounting III
3 Credit Hours
14 weeks
Prerequisite: Basic Accounting (AKK106)

TABLE OF CONTENTS
COURSE DESCRIPTION
COURSE SCOPE
COURSE OBJECTIVE
METHOD OF INSTRUCTION
GRADING SCALE
PROJECT ASSIGNMENT
HOMEWORK
COURSE OUTLINE AND CHAPTER DISTRIBUTION
CLASSES AND COURSE SCHEDULE
LECTURER INITIAL

COURSE DESCRIPTION
A survey of the financial reporting process, a detailed study of financial statements and an analysis of
GAAP.

Prerequisites: Basic Accounting (AKK106)

Required Course Textbook: Kieso, Donald E, Jerry J. Weigandt, and Terry D. Warfield. 2018.
Intermediate Accounting. IFRS 3rd Edition. John Wiley & Sons, Inc.: USA.

COURSE SCOPE
This course is the third of three intermediate accounting courses. This course provides the student
with the breath, depth, and application of the accounting standards and regulations. The course
stresses the understanding of GAAP as well as the practical implementation of these principles.

COURSE OBJECTIVE
The objectives of the course are to extend the study of Financial Accounting topics – specifically leases,
revenue recognition, pensions & postretirement benefits, accounting changes and the cash flow
statement. In addition, accounting in the global environment (IFRS) will be explored. The goal is to
provide students with a thorough understanding of the Conceptual Framework of financial accounting
and the principles, assumptions and concepts that underlie Indonesia and International GAAP (IFRS).
The course is devoted to the development of a professional-level understanding of financial
statements, income determination, asset measurement and the cash-flow effects for selected
economic events and transactions. The course will provide a solid foundation not only for financial
accounting but for other courses as well.

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METHOD OF INSTRUCTION
The objectives of the course will be accomplished through a combination of exams and presentations.
The primary methods of instruction will be lecture and class discussion of problems and cases, student
presentations and small group work. Students are expected to read the text material and to work all
recommended exercises and problems before coming to class. In the spirit of active learning, some
exercises, cases and selected homework problems will be presented in class by teams of students.
Class attendance is a fundamental requirement of the course. Activities, such as the special cases, that
carry extra points are assigned in class without prior announcement. Due to logistics and time
constraints, makeup opportunities are not available for extra credit classroom assignments. Material
for each chapter will also be available through AULA (Airlangga University e-Learning Application).

GRADING SCALE
(%)

1. Lease Accounting Research Project 25

2. Team Presentation – CH 23 Statement of Cash Flow (Using your Judgment) 25
3. Exams 50
Total 100

Examinations: The exam (UTS and UAS) format will be a combination of objective (multiple choice),
problems, and short answer/essay questions. The objective format prepares students for professional
objective exams. The problem format allows students to practice the application aspects of the course.
Short answer/essay questions enhance writing and communication skills. Exam is split into two parts
(A & B) worth 50 points each. Only calculators may be used – no other electronic devices, including
head/ear phones, may be used while taking the exam.

Make-up Examination: Make-up exam is provided for students due to illness. Illness should be
discussed with the lecturer as soon as possible.

PROJECT ASSIGNMENT
Lease Accounting Research Project (25 percent): The Lease Research project is an individual research
project. On 18 September 2017, Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (DSAK
IAI) issued PSAK 73 (Sewa) which is already effective for annual reporting periods beginning on 1
January 2020. PSAK 73 adopts IFRS 16 Leases.

Each student will submit a typed paper (double spaced) that: Discusses the differences between PSAK
30 (previous PSAK for Leasing) and PSAK 73 (current accounting standard for leasing), and the effects
of the changes on financial statements. Background information on the current lease accounting rules
(PSAK 73) will be covered in chapter 21. An entire session (Week 7) is provided for students to finish
and submit the Lease Accounting Research Project.

HOMEWORK
Homework will not be collected for grading; however, completion of assignments is highly
recommended for test review purposes. Homework problems will be discussed in class as time
permits. In the spirit of ‘active’ learning, student teams will be assigned to present some of the
problems.

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RECOMMENDED HOMEWORK– TENTATIVE
The exercises are from the “Exercise” portion at the end of each chapter, and “Problems” are from
the problem section.

CH. 18 Homework for CH. 18 Revenue Recognition is provided in AULA.

CH. 20 Accounting for Pensions and Postretirement Benefits

Exercise 20.1, 20.6
Problem 20.1, 20.14

CH. 21 Accounting for Leases

Exercise 21.4, 21.16, 21.17
Problem 21.6
Using Your Judgment:
1. Financial Reporting Problem (Marks and Spencer plc)
2. Comparative Analysis Case (British Airways and Air France-KLM)

CH. 22 Accounting Changes and Error Analysis

Exercise 22.2, 22.6, 22.16
Using Your Judgment:
1. Financial Reporting Problem (Marks and Spencer plc)
2. Comparative Analysis Case (Adidas and Puma)

CH. 23 Statement of Cash Flows

Exercise 23.11
Problem 23.4
Using Your Judgment:
1. Financial Reporting Problem (Marks and Spencer plc)
2. Comparative Analysis Case (Adidas and Puma)

CH. 24 Presentation and Disclosure in Financial Reporting

Exercise 24.1
Concepts for Analysis CA24.1
Using Your Judgment:
1. Financial Reporting Problem (Marks and Spencer plc)
2. Comparative Analysis Case (Adidas and Puma)

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COURSE OUTLINE AND CHAPTER DISTRIBUTION
INTERMEDIATE ACCOUNTING III AKK207
EVEN SEMESTER 2019-2020
TENTATIVE SCHEDULE (SUBJECT TO CHANGE)

Week Chapter and Material Lecturer

Regular EC
Week 1 (27-31 Jan 2020) Welcome back, Introductions, MDW & WDH DSK
Syllabus, Team Formation.
Chapter 21-Introduction to Leases
Week 2 (03-07 Feb 2020) Chapter 21-Leases, concluded. MDW & WDH DSK
Week 3 (10-14 Feb 2020) Chapter 18-Revenue Recognition; DSK & AWM DSK
Week 4 (17-21 Feb 2020) Chapter 18-Revenue Recognition, DSK & AWM DSK
concluded.
Week 5 (24-28 Feb 2020) Chapter 20-Pension and Other MSY & SNV YPS
Postretirement Benefits
Week 6 (02-06 March 2020) Chapter 20-Pension and Other MSY & SNV YPS
Postretirement Benefits, concluded.
Week 7 (09-13 March 2020) Research session-Lease Accounting MSY YPS
Research Project Due
--------MIDTERM EXAMINATION (UTS) – 16-27 March 2020-------
Week 8 (30 March-03 April 2020) Chapter 22-Accounting Changes and AMR & ISN AMR
Error Analysis
Week 9 (06-10 April 2020) Chapter 22-Accounting Changes and AMR & ISN AMR
Error Analysis, concluded.
Week 10 (13-17 April 2020) Chapter 23-Statement of Cash Flows; WDW & ZNM AMR

Week 11 (20-24 April 2020) Chapter 23-Statement of Cash Flows, WDW & ZNM AMR
concluded.
Week 12 (27 April-01 May 2020) Chapter 24-Presentation and DSR & YTB YPS
Disclosure in Financial Reporting
Week 13 (04-08 May 2020) Chapter 24-Presentation and DSR & YTB YPS
Disclosure in Financial Reporting,
concluded.
Week 14 (11-15 May 2020) Summary and Exam Review MDW DSK
-----------FINAL EXAMINATION (UAS) – 08-19 June 2020---------

CLASSES AND COURSE SCHEDULE

The following schedule is for the even semester 2019-2020

Day Time Class

Monday 07.00 N
12.40 EC
Wednesday 09.50 L
Thursday 07.00 M
15.30 O

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LECTURER INITIAL
No Name Initial

1 Devi Sulistyo Kalanjati : DSK

2 Alfa RahmiyatiSanti Novita : ARM/SNV
3 Isnalita : ISN
4 M. Suyunus : MSY
5 Agus Widodo : AWM
6 Widi Hidayat : WDH
7 Wiwiek Dianawati : WDW
8 Dewi Sriani : DSR
9 Yustrida Bernawati : YTB
10 Amalia Rizky : AMR
11 Murdiyati Dewi : MDW
12 Zahroh Naimah : ZNM
13 Yani Permatasari : YPS