ACC 416 Syllabus for Spring 2015

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Accounting 416.101 – International & Advanced Accounting Course Syllabus for Spring Semester 2015
Course Format: Lecture, web-enhanced

Instructor: Gregory L. Prescott, DBA, CPA, CGMA, CMA, CFM Office Location: Mitchell Learning Resource Center, #122
Office Phone: 251 460-6409
Home Phone: 251 661-8376
E-mail address: [email protected]

Class/Office Hours: Class Schedule Office Hours ACC 372.101 Tu & Th 9:30 – 10:45 a.m. Tu & Th 7:00 – 9:30 a.m.
ACC 416.101 Tu & Th 2:00 – 3:15 p.m. Tu & Th 10:45 – 11:45 p.m.
ACC 511.101 Tu & Th 3:30 – 4:45 p.m. W 3:00 – 5:00 p.m. Textbook

Advanced Accounting by Hoyle, Schaefer, & Doupnik, McGraw-Hill Irwin, 12th ed. Course Notes available via Sakai

Course Description

This course involves the study of accounting in a global context, including international accounting standards and issues, and the roles and responsibilities of accountants. Specific topics covered include business combinations, partnership accounting, interim and segment reporting, as well as international financial accounting standards. Prerequisite: ACC 372 with a minimum grade of “C.”

Course Objectives and Content

We will cover the equity method of accounting for investments, the consolidation of financial statements when certain conditions are met, interim and segment reporting, foreign currency transactions, the translation of foreign currency financial statements, international accounting standards and issues, and partnership accounting.

Learning Objective for ACC 416

Students will demonstrate an understanding of the role of accountants and accounting standards in an international context.

Ethics Coverage

The topic of ‘ethics’ is addressed very briefly in a few chapters, primarily from the standpoint of alternatives among generally accepted accounting principles.

WARNING

You should expect this course to be challenging. In order for you to do well, you will be required to put forth significant effort. It is important that you read the pertinent text material before the related class discussion. Class time will be devoted primarily to lecture and discussion of the chapter material followed by working pertinent homework assignments.

Attendance

Attendance at all class sessions is expected. Research indicates that students who attend most classes have higher performance and earn higher grades than students who do not attend class frequently. As a result of the demands of this course, you are expected to attend each class meeting and to arrive on time. You will be responsible for all material covered and announcements made during class, whether or not you are present. If you are not in attendance on a day when a quiz is given (or show up for class after a quiz is given), you will receive a zero for that quiz grade.

Homework Assignments

There are homework assignments for each chapter we coverage in this course. Experience indicates there is a strong relationship between the number of homework problems successfully completed by a student and his or her final grade in an accounting course. You are expected to complete homework assignments in time for the related class discussion. It is your responsibility to be prepared to respond when called on in class.

Examinations & Grades

Your letter grade for the course will be determined by your performance on three exams given during the semester and your performance on quizzes given during the semester (if any). Each exam will be made up of multiple choice questions and accounting problems and will be worth 100 points. Additionally, there will be a total of up to eight ‘quizzes’ during the semester. These ‘quizzes’ will come from the chapter homework assignments. The ‘quizzes’ will be worth 10 points each. Therefore, if we assume five quizzes are given during the semester, your letter grade for the course will be...