AC 425 Advanced Accounting II
F2DD 2006 DC
Osborne, Robert Lewis
Adjunct Senior Instructor
CMA, CFM, CGFM, CDFM, CBM
DSCC, Building 11 Columbus Ohio
Before class, After Class, or by Appointment. Office hours are not available during normal work hours. However, assistance can be obtained by calling or emailing the instructor, or by appointment
October 23 to December 17, 2006
5:00 - 10:45 PM
AC 420 and CS 140 or equivalents
Fischer, Paul M., William J. Taylor, Rita H. Cheng. Advanced Accounting, South-
Western, a Division of Thompson Learning, Ninth Edition (9 th Ed), 2006.
Each student is required to have his/her own copy of the text and bring it to each class session. Each student should have a calculator for this course. The particular make or model of calculator is left at the student's discretion.
SUPPLEMENTAL RESOURCE MATERIALS:
Fischer, Paul M., William J. Taylor, Rita H. Cheng. Student Companion Book,
Advanced Accounting, South-Western, a Division of Thompson Learning,
Ninth Edition, 2006. ISBN: 0-324-30401-3
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Any Principles of Accounting or Intermediate Accounting Textbook
To enhance your current knowledge of accounting publications and articles published by the Financial Accounting Standards Board (FASB) of the American Institute of Certified Public Accountants (AICPA) are available. The Journal of Accountancy and other professional accounting publications are a good source for additional discussions. Also, the Governmental Accounting Standards (GASB) of the Financial Accounting Foundation is the primary reference for Governmental fund accounting.
McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.Career Counseling - The Career Development Center (CDC) provides services for all stages of career development. The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email email@example.com or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
To foster a learning environment that enables the learner to realize his/her greatest potential. Specifically, this class teaches the student the accounting principles and practices related to international accounting, partnerships, governmental, trust, and non-profit organization accounting. Also, we will strive for the learner to think critically; to communicate clearly; and to take ownership for his/her learning. The instructor's educational philosophy is based on student participation which is based on lectures, readings, quizzes, dialogues, examinations, internet, and writings. The instructor will encourage each learner to explore new ideas, issues, and contradictions.
Learning Outcomes: Core Learning Outcomes
The test examines each learning outcome with 20 questions.
Eighteen multiple-choice questions will be based upon a distribution of
critical thinking concepts applied to a learning outcome. Two questions will
examine a communication/ writing component. Each question will be weighted as 5
Link to Class RubricClass Assessment:
This course will cover Chapters 1 through 5 and 15 through 19 of the assigned text.
There will be two (2) Examinations, two (2) quizzes and five (5) graded homework assignments. Examinations will be graded on 100 points each, quizzes on 50 points each and homework on 20 points each.
1. Examination Number One (1) – Chapters 1 though 5
2. Examination Number Two (2) – Chapters 15 through 19
Course grades will be based on an average percentage, as follows:
A. Examinations: two (2) 100 points each 200 points total
B. Quizzes: two (2) 50 points each 100 points total
C. Homework: FIVE (5) at 20 points each 100 points total
D. Class total 100 percent 400 points total
E. This course grade distribution is as follows:
A = 90% to 100%
B = 80% to 89.9%
C = 70% to 79.9%
D = 60% to 69.9%
An “Incomplete” will be assigned only in accordance with Park University policy. All final grade percentages will be rounded to one decimal point.
Late Submission of Course Materials:
A. Examinations are announced well in advance and it is the Students' responsibility to know when exams are scheduled and make special arrangements PRIOR TO THE EXAM if they will be unable to attend. Makeup exams will be allowed, without penalty, only if the situation warrants and only if PRIOR arrangements have been made with the instructor. If you have an unexcused absence resulting in you missing an exam, the exam must be made up the following week. In addition, your test score will be reduced by ten (10) percentage points. These requirements are imposed to protect the validity of the evaluations and to enhance the objective of timeliness, which is of major importance in Accounting.
B. Homework assignments must be submitted on or before the beginning of the class on the assigned due date. Ten (10) percentage points will be deducted for each calendar day that homework is late. Please note; Homework will not be accepted after graded homework has been handed back to the class. The instructor, at his/her sole discretion, may choose to amend this policy in certain cases to accommodate extenuating circumstances. Assignments submitted for grading will be returned within one week of the due date. All assigned homework will serve as bases for discussion in class. It is important to note that it is virtually impossible to understand accounting as it works in the real world, without performing problems in a classroom situation. Reading the book without performing the homework will not result in your learning accounting.
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.
Remember, computers make writing and revising much easier and more productive. Students must recognize though that technology can also cause problems. Printers run out of ink and hard drives crash. Students must be responsible for planning ahead and meeting deadlines in spite of technology.
Students will be expected to have read and studied the material assigned for that class and have completed the assigned homework problems.
What to expect
1 & 2
Review syllabus; Business Combinations
3 & 4
Consolidated Statements, Intercompany Transactions
Lecture, problems; Quiz 1
Intercompany Transactions Mid-Term Ch 1-5
Lecture, exam **
Review Graded Exam. Governmental Accounting and the General Fund
Governmental Accounting and other Funds
Lecture, problems; Quiz 2
17 & 18
Financial Reporting issues; Not-for-Profit Organizations
Not-for-Profit Organizations; Review,
Final Exam Ch 15 - 19
A list of graded homework assignments and additional information on the Research paper and presentation will be provided the first night of class.
**If the instructor determines that the Midterm will be a take home exam, it will be handed out during week 4 and due back week 5 with no exceptions.
Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University 2006-2007 Undergraduate Catalog Page 87-89
Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2006-2007 Undergraduate Catalog Page 87
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2006-2007 Undergraduate Catalog Page 89-90
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 Americans with Disabilities Act of 1990, regarding students with disabilities. In the case 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: http://www.park.edu/disability .
Students will gain specific knowledge of GAAP and improve their reasoning skills by applying theoretical and technical bases of current accounting practice to resolve problems. Students will learn to identify problem situations, search for relevant information, analyze and interpret the information and reach a well-reasoned conclusion
Attachments:AC 425 Assignments F2DD 06Rubric
Last Updated:10/1/2006 11:12:05 PM