ACCOUNTING 4330

Advanced Accounting Syllabus

SPRING 2004

Instructor:Dr. Robert Milbrath

Office:390 K Melcher Hall

Web-Page

Office Hours:TTH 1:30-3:30 and by appointment

COURSE OBJECTIVE: / To develop the student’s ability to analyze, comprehend and work with complex financial accounting transactions involving multiple related entities as well as valuation problems in mergers and consolidations, investments with significant influence partnerships, and international transactions.

COURSE PREREQUISITES

You must have junior standing and have passed ACCT 3368 with a minimum grade of C to be enrolled in this class. In addition, you are expected to have a working knowledge of computer spreadsheets, such as Lotus or Excel, as taught in DISC 2373.

REQUIRED TEXTS AND MATERIALS

Advanced Accounting, 2nd Ed. by Debra C. Jeter and Paul K. Chaney (John Wiley & Sons 2003)

The website for the textbook resources is

Green Scantronsto be used for taking quizzes and examinations.

RECOMMENDED TEXTS

Objective Questions and Explanations by Gleim and Collins, Gleim Publications, Inc. 11th Ed. (This text will also be beneficial for preparing for the CPA examination.)

Intermediate Accounting: any current text.

OTHER RESOURCES

Solutions to all assigned exercises and problems as well as overhead class notes and other relevant information will be posted on my web page (): click on the link for advanced accounting, then save the link in favorites.

Note: solutions to most homework assignments will not be posted until after the due date.

COURSE REQUIREMENTS:

COURSE GRADES:

The course grade will be determined by points earned on homework, interim exams, and the final exam. The points assigned to each item are as follows:

Homework & class work 10 points

Quizzes 30 points

Mid Term Exam 30 (25*) points

Final Exam 30 (35*) points

Total100 points

*If the final exam result shows improvement over the mid term it will be weighted more heavily.

GRADES

Your grade in Accounting 4330 will be determined according to the following scale

93-100=A; 90-92=A-; 87-89=B+; 83-89=B; 80-82=B-; 77-79=C+;

73-76=C; 70-72=C-; 67-69=D+; 63-66=D; 60-62=D-; below 60=F.

Course grades arenot posted. Your grade may be obtained from Voice Information Processing System(743-8484)and following the voice instructions or by e-mail.

EXAMS: Exams contain both objective questions and problems.(you will need to bring green scantrons)Proctors other than myself may be administering exams. Therefore be sure to bring a picture ID with you to all exams. The department reserves the right to assign seating.

QUIZZES: Ten quizzes will be given during the semester. The six best scores will be included. (You will need to bring green scantrons)

HOMEWORK: Eleven homework assignments will be collected (1 point each, so one homework may be missed without penalty). For full credit you must submit a complete homework assignment on the due date at the beginning of class. For credit, homework does not have to be 100% correct, but it does have to be complete and should show that a diligent effort has been made. Late homework will receive half credit. Incomplete homework will receive credit as indicated by the grader. Homework must be submitted in person. You cannot fax or e-mail your assignment under any circumstances.

CLASS ATTENDANCE: Regular class attendance will be taken and will also be used in the determination of the final grade in borderline cases.

CLASSROOM EXPECTATIONS: Although not specifically identified in the calculation of grades, faithful attendance and active participation are expected of all students. This includes arriving on time and staying until class is dismissed. Self-Study Exercises and problems assigned for each chapter are recommended for you to do on your own. Some of these problems will be done in class to illustrate the concepts.

As a courtesy to your fellow students, beepers and mobile phones should be turned off during class.

WITHDRAWAL POLICY: Last day to drop without receiving a grade is Tuesday February 17. Last day to drop the course is Tuesday, April 6 2004 (You should retain documentation of courses you have dropped).

ACCOMMODATIONS FOR STUDENTS WITH DISABILITIES: We would like to help students with disabilities achieve their highest potential in the college of business administration. To this end, in order to receive accommodation on exams or assignments students should make arrangements well in advance of the exam or assignments. For assistance please contact the center for Students with Disabilities in Room 305 of the StudentServiceCenter at 743-5400.

INSTRUCTOR COMMITMENT: I am committed to the goal of enhancement of interest and skills in accounting theory and practice. I believe that, as a faculty, our performance is ultimately judged by whether our students (1) pass the CPA Exam, (2) obtain jobs, and (3) become productive leaders in the business community.

COLLEGE POLICYON TEACHING: The Bauer College of Business has a policy that requires all of its instructors to be evaluated by their students. The results of these evaluations are important to provide feedback to instructors and to the Bauer College of Business. We openly encourage students to provide feedback to the instructors and to the Bauer College of Business through their evaluation process.

PROJECTED CLASS SCHEDULE

DATE / READING ASSIGNMENT / DEMO OR SELFSTYUDY EXERCISES/
PROBLEMS / HOMEWORK DUE ON THIS DATE

Jan

/ 26 / Chapters 1 & 2 : Business combinations / Exercises 1-1,1-2,1-3, 2-1,2-3, 2-4 Problem 2-1
Feb / 2 / Chapter 2 Cont’d (Exclude Appendix A)
Chapter 3: Consolidated statements on the date of acquisition / Exercises 2-5, 2-6, 2-11 2-12, 2-13, 3-4, 3-5, 3-6
Problem 2-7 / Handout Exercise
9 / Chapter 3 Cont’d (Exclude Appendix B)
Chapter 4: Consolidated statements subsequent to the date of acquisition / Exercises3-2, 4-1, 4-2,4-3 4-6,4-7
Problems 3-2, 3-9 / Problem 2-2 Modified(to include journal entries)
16 / Chapter 4: Cont’d (Exclude Appendix B) Chapter 5: amortize excess, cost & partial equity method (read pp195-225) / Problems 4-4,4-14, 4-16
Exercises 5-12,5-14
Problem 5-16 / Exercise 3-9 &
Problem 3-7
23 /

Chapter 5: pp226-247 Chapter 6 Unrealized profits on inter-company sales

/ Exercise 5-15
Problems 5-8, 5-15
Exercises 6-4 & 6-5 / Problem 4-1
March / 1 /

Leadership Speaker(6PM-7:15PM)

Chapter 6 Cont’d (Exclude Appendix)

& Review (7:15PM-9PM)

/ Problems 6-5 & 6-8
Exercise 6-6 / Problem 5-5
8 / MID TERM EXAM: Chapters 1-6
SPRING BREAK MARCH 15-21
22 / Chapter 7: Unrealized gains & losses on fixed asset sales (Exclude Appendix) / Exercises 7-3, 7-5
Problems 7-2, 7-4 ,7-17 / Problem 6-17
29 / Chapter 8: Changes in ownership interest. / Exercises 8-1,8-4,8-5,8-9
Problems 8-5,8-6 / Problem 7-12
April / 5 / Chapter 9: Inter-company bond holdings & preferred stock. Read pp. 424-34 454-56 and Chapter 11 / Exercises 9-1,9-9, 9-11
Exercise 11-1 / Problem 8-1
6 / Last Day To Drop This Course
12 / Chapter 12: Foreign currency transactions and hedging foreign currency risk / Exercises12-2,12-3, 12-4,12-5, 12-15
Problem 12-4,12-5 / Exercises
9-3& 9-4
19 / Chapter 13: Translation of foreign subsidiary financial statements / Exercise 13-2,13-3, 13-4
Problems 13-1, 13-2 / Problem 12-2
26 / Chapter 15: Partnerships, formation, operation and ownership changes. / Exercises 15-1,15-3, 15-7,15-9 15-13 Problem 15-2, 15-4 / Exercise 13-7
May / 3 / Chapter 16: Partnership liquidation
Chapter 10: Insolvency and Reorganization / Exercise16-6, 10-1,10-2, 10-3 Problem 16-3 / Problem 15-8
May / 10 / FINAL EXAM: 5PM-8PM /
Comprehensive with an emphasis on chapters 7-13, 15 and 16

STUDENT INFORMATION SHEET AND ACKNOWLEDGEMENT

Last Name: ______

Name to be called: ______

Student ID Number: ______

E-Mail Address: ______

Local Address: ______

______

______

Home Phone Number: ______

Currently Employed at: ______

Work Phone Number: ______

How many hours per week do you work? ______

How many hours of classes are you taking this semester? ______

What are your career goals? For example, do you want to work for a CPA firm, corporation, etc.?

1