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AC 425 Advanced Accounting II
Tallman, Marcia R.

Park University
Classroom Syllabus

Advanced Accounting II

Semester/Term: Spring II 2005
TERM DATES : 14 March-8 May 2005
Office hours: Available 15 minutes prior to and after class on site.
You may also reach me from 7:00-9:00AM at my work number below.

Instructor: Marcia Tallman
WORK PHONE: (509) 299-5102

SITE: Fair Child Air Force Base Campus – Spokane, WA



The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society


This course is a continuation of AC420. Selected topics in advanced financial accounting with emphasis on current accounting problems and pronouncements of the Financial Accounting Standards Board. Prerequisites: AC 325, CS 140, AC420 or equivalents.

EDUCATIONAL PHILOSOPHY: To foster a learning environment that enables the learner to realize his/her greatest potential. Specifically, this class teaches the learner to think critically; to communicate clearly; and to take ownership for his/her learning.

COURSE OBJECTIVE: To obtain a comprehensive understanding of financial information. This includes how to understand, prepare, and use financial information.

1. Prepare corporate consolidated financial statements.
2. Prepare elimination entries for inter-company transactions.
3. Journal financial transactions for non-profit organizations.
4. Prepare financial statements for non-profit organizations.
5. Prepare budgets and analyses for non-profit organizations.
6. Analyze and critique a local government’s financial statements.

See the Learning Objectives in the textbook for chapters 6 through 18 covered during this course:

COURSE TEXTBOOK: Modern Advanced Accounting by: E. John Larsen, Ninth Edition

CLASS SCHEDULE: We will cover 2 + chapters per session and the chapters will be completed in the order given in the text book.

Students are required to read the assigned materials prior to class and to be prepared to participate in class discussions and group activities. Written assignments are to be neatly prepared and may be collected. These assignments will include graded homework, class projects, oral presentations or papers.


Tests may include short answer questions, problems and/or essays, true / false, and multiple choice. A minimum of 2 examinations will be given. There will be a mandatory comprehensive final in addition to the a midterm examination. Quizzes may be given at periodic intervals. Your grade will be determined within the guidelines set forth by your instructor. The above are minimum requirements which may be supplemented by the instructor. The attached outline indicates the order in which each chapter will be covered in the class room.

Chapter Learning Objectives Covered

Chapter 6 & 7 & 8 Consolidated Financial Statements; On Date
Consolidated Financial Statements; Combination
Consolidated Financial Statements; Inter-comp.

Chapter 9 & 10 Consolidated Financial Statements; Income
Consolidated Financial Statements; Special

****************Exam 1****************

Chapter 11 & 12 International Accounting Standards
Translation of Foreign Currency

Chapter 13 & 14 Interim Reports

Chapter 15 & 16 Estates and Trusts
Nonprofit Organizations

Chapter 17 Governmental Entities, General Fund
Chapter 18 Governmental Entities Account Groups

****************FINAL EXAMINATION******************


Your final grade will be determined as follows:
Grades will be computed using the following scale, although I reserve the right to make adjustments:

Exam 1 20%
Final 40%
Team Performance Grade* 15%
Writing Assignment Grades 25%

*Team Performance Grade will be based upon your participation, as a member of a team, in the daily class activities. This includes arriving in class with completed homework. In that conscientious completion of assignments is essential for effective team performance, the team performance grade will be affected by any daily quizzes based on assignments.
The final average will be the basis for the final grade but students on the border of the two grades will be given the higher of the two grades IF participation and ambition have been EXCEPTIONAL. Improvement of grades throughout the semester will also benefit those students on the border. Your final grade may be affected by absences or lateness.

LATE SUBMISSION OF COURSE MATERIALS: If a student submits an assignment after a scheduled deadline, he/she will be penalized accordingly.

ACADEMIC HONESTY: “Academic Honesty is required of all members of a learning community. Hence, Park will not tolerate cheating or plagiarism on tests, examinations, papers or other course assignments. Students who engage in such dishonesty may be given failing grades or expelled from Park.”
PLAGIARISM: “Plagiarism-the appropriation or imitation of the language or ideas of another person and presenting them as one’s original work-sometimes occurs through carelessness or ignorance. Students who are uncertain about proper documentation of sources should consult their instructors.”
ATTENDANCE POLICY: Instructors are required to keep attendance records and report absences. The instructor may excuse absences for cogent reasons, but missed work must be made up within the term of enrollment. Work missed through unexcused absences must also be made up within the term of enrollment, but unexcused absences may carry further penalties. In the event of two consecutive weeks of unexcused absences in a term of enrollment, the student will be administratively withdrawn, resulting in a grade of “F”. An Incomplete will not be issued to a student who has unexcused or excessive absences recorded for a course. Students receiving Military Tuition Assistance (TA) or Veterans Administration (VA) educational benefits must not exceed three unexcused absences in the term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student. Reports of F grade (attendance or academic) resulting from excessive absence for students receiving financial assistance from agencies not mentioned above will be reported to the appropriate agency.
CLASSROOM RULES OF CONDUCT: The classroom rules of conduct include the following: 1. Respect the instructor’s decisions/requirements; 2. Respect other learners; 3. Participate in classroom discussions/exercises; 4. Take ownership and complete assignments by given deadlines; 5. Notify instructor of any possible absences or missed deadlines; & 6. Any other rules that come up during the course of the semester.
DISABILITY GUIDELINES: Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University’s policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding students with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University’s policies and procedures related to disability can be found on the Park University web page: