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AC 420 Advanced Accounting I
Gould, Richard D.


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

U1HH 2012 PA

Faculty

Gould, Richard D.

Title

Senior Instructor

Degrees/Certificates

B.S. Management/Accounting - Park University
Master of Accountancy - Miami University
Certified Public Accountant

Office Location

3890 Indian Ripple Road, Beavercreek, OH

Office Hours

By Appointment

Daytime Phone

937-602-2525

E-Mail

24621@park.edu

daytoncpa@gmail.com

Semester Dates

June 4, 2012 to July 29, 2012

Class Days

---W---

Class Time

5:30 - 10:30 PM

Prerequisites

AC325 and CS 140 or equivalent

Credit Hours

3


Textbook:
Advanced Accounting, 11th Edition Fischer, Taylor, and Cheng

ISBN #13: 978-0-538-48028-4
            10: 0-538-48028-9

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

“Journal of Accountancy”, Wright State Library and the “ProQuest” Research Program, Wright-Patterson AFB Library.

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:
The instructor's educational philosophy is one of interactiveness based on lectures, readings, quizzes, cases, dialogues, & examinations. The instructor will engage each learner to encourage the exploration of ideas, issues and contradictions.

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

Class Assessment:
Examinations, Homework, & Class Participation

Grading:

Final Exam                       =    30%

Mid-term                         =    40%

Class Participation             =    15%

Homework                        =    15% 

Total                              =   100% 

Scale: 
90 - 100   A 
80 - 89     B 
70 - 79     C 
60 - 69     D 
< 60         F

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:
Students are expected to turn in assignments and take examinations on the date scheduled or due. Late submissions of work or make-up exams will not be accepted unless prior arrangements are made with the instructor.

Classroom Rules of Conduct:
Faculty members are expected to dismiss from their classrooms students whose behavior is detrimental to good order in the classroom. Such behavior includes, but is not limited to, the use of abusive or obscene language, attending the class under influence of drugs or alcohol, etc. Students who are dismissed from class may be given failing grades, suspension, or expulsion from Park University. Students whose behavior, either verbal or written, is detrimental to the good order of Park University may be subject to disciplinary action ranging from suspension to expulsion from Park University. Students who exhibit abusive or obscene language or behavior toward administrative personnel or support staff are also subject to suspension or expulsion from Park University.

Course Topic/Dates/Assignments:

Course Topic/Dates/Assignments:

  

Date

Chap

Topics

Problems

6 June

1

2

Business Combinations

Consolidated Statements

TBD

13 June

3

4

Consolidated Statements

Intercompany Transactions

TBD

TBD

20 June

5

Intercompany Transactions

TBD

27 June


Mid Term Exam


4 July

9

10

The International Accounting Environment

Foreign Currency Transactions

TBD

11 July

11

13

Translation of Foreign Financial Statements

Partnerships: Characteristics, Formation, and Accounting for Activities

TBD

 TBD

18 July

14

Partnerships: Ownership Changes and Liquidations

TBD

25 July


Final Exam


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

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 .

Additional Information:

1.  Instructor reserves the right to change weekly assignments and grading criteria based on the Instructor's assessment of the  class.  Any changes will be announced in class.




2.  Email is the most efficient way to contact the instructor with questions about the material covered.  Students should document their question(s) as best as they can and leave a contact phone number.  All questions to the instructor will be addressed within 24 hrs.


Bibliography:



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:5/23/2012 7:14:31 AM