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AC 420 Advanced Accounting I
Shapiro, Marsha G.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

AC 420 Advanced Accounting I

Semester

FA 2011 HO

Faculty

Shapiro, Marsha G.

Title

Assistant Professor of Accounting

Degrees/Certificates

Master of Science in Accounting
CPA

Office Location

Mackay 26.5

Office Hours

Monday & Wednesday 10:30-12:00; Tuesday & Thursday 1:00-3:30 or By Appointment

Daytime Phone

816-584-6304

Other Phone

cell # available first day of class

E-Mail

marsha.shapiro@park.edu

Semester Dates

August 15, 2011-December 9, 2011

Class Days

M-W---

Class Time

1:30 - 2:45 PM

Credit Hours

3


Textbook:

Fischer, Cheng & Taylor, Advanced Accounting, 10th Edition, South-Western Publishing
ISBN 0-324-37905-6

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

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 helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
AC420 Advanced Accounting I: Continuation of AC325. Selected topics in advanced financial accounting with emphasis on current accounting problems and pronouncements of the Financial Accounting Standards Board. Prerequisite: AC325 and CS140 or equivalent. 3:0:3

Educational Philosophy:
This class will be presented through readings, lectures, class discussions, internet, and through a "real world" project that the students will work on throughout the term.  Some class time will be used for work on the project.

Learning Outcomes:
  Core Learning Outcomes

  1. Construct corporate consolidated financial statements.
  2. Prepare elimination entries for inter-company transactions.
  3. Apply consolidation theory and be able to explain concepts and methods.
  4. Analyze international accounting standards and the status of convergence of such standards.
  5. Record business transactions and translate currencies for international organizations.


Core Assessment:

Description of the Core Assessment Instrument Final Exam  

This assessment is designed to assess primarily Core Learning Outcomes #1 - #5 and will make up 30% of the course grade.

Link to Class Rubric

Grading:

Exam I                               75 points
Final Exam                      100 points
Project                              75 points
Assignment/forms               50 points
 
Total                                300 points
 
Attendance will be considered for your final assigned grade.
 

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:
In general, late materials will not be accepted.  Late assignments, exams may be accepted at the discretion of the instructor and would be subject to a minimum of 10% late penalty.  The instructor would need to know of this circumstance in advance and absense should be for a verifiable reason.

Course Topic/Dates/Assignments:


Date Topic Exams
Week 1     Course Intro/Current Topics
Week 2 Partnerships (Chapter 13)
Week 3                    Partnerships (Chapter 13)
Week 4    Partnerships (Chapter 14)
Week 5 Partnerships (Chapter 14)
Week 6 Review & Exam I Exam I
Week 7 Discuss Term Project/Payroll

Week 8

Payroll
Week 9 Business Plans
Week 10 Preparing Business Forms
Week11 Complete Books for a Business
Week 12 Chapters 9 & 10
Week 13 Chapters 11 & 12    
Week 14 Chapters 20 & 21
Week 15 Project wrap-up and final review
Week 16 Final Exam (Comprehensive)   Final Exam

Note: There will be a 1 week break between weeks 8 & 9

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 93

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. from Park University 2011-2012 Undergraduate Catalog Page 93

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2011-2012 Undergraduate Catalog Page 96
If the student is going to be absent, they should notify the instructor in advance via email.  Excused absences will only be granted if the student notifies the instructor prior to class.  Students who are absent for any reason must contact the instructor regarding make-up of exams, assignments, etc.  The instructor will NOT contact the student to make arrangements.

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 .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Core Learning Outcome #1 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Construct corporate consolidated financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                               
Student correctly prepares consolidated financial statements for entities in accordance with Generally Accepted Accounting Principles. Student prepares consolidated financial statements for entities but statements may not be in accordance with Generally Accepted Accounting Principles. Student is not able to prepare consolidated financial statements in accordance with Generally Accepted Accounting Principles.  
Core Learning Outcome #2 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Prepare elimination entries for inter-company transactions.                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Student correctly and consistently prepares intercompany transactions as eliminating entries for GAAP financial statements. Student prepares intercompany transactions but they may not be GAAP based. Student is unable to prepare intercompany transactions and eliminating entries for GAAP financial statements.  
Core Learning Outcome #3 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Apply consolidation theory and be able to explain concepts and methods.                                                                                                                                                                                                                                                                                                                                                                                                                                              
Student correctly calculates and applies consolidations theory and methods to the preparation of consolidated financial statements. Student correctly calculates financial statements but may not apply consolidations theory and methods to the preparation of consolidated financial statements. Student is unable to apply consolidations theory and methods to the preparation of consolidated financial statements.  
Core Learning Outcome #4 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Analyze international accounting standards and the status of convergence of such standards.                                                                                                                                                                                                                                                                                                                                                                                                                          
Student correctly identifies international accounting standards and relates to the status of convergence of world-wide accounting standards. Student identifies international accounting standards generally but is unaware of the status of convergence of world-wide accounting standards. Student is unable to identify international accounting standards and cannot relate to the status of convergence of world-wide accounting standards.  
Core Learning Outcome #5 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Record business transactions and translate currencies for international organizations.                                                                                                                                                                                                                                                                                                                                                                                                                               
Student correctly records business transactions and translates currencies in international commerce. Student records business transactions but makes errors in the translation of currencies in international commerce. Student is unable to record business transactions nor translate currencies for international business transactions.

 
 

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Last Updated:7/28/2011 11:24:37 AM