Marian University College of the Professions
SYLLABUS
ACC 312 – Advance Accounting
Spring 2021
Instructor: Ahmed Nadeem, CPA, MBA
Instructor’s Phone: 703-508-3351
Instructor’s Email: anadeem64@MarianUniversity.edu
COURSE DESCRIPTION OBJECTIVES:
This is a 100% online asynchronous course that examines accounting and financial reporting for business combinations and the presentation of consolidated financial statements of affiliated corporations. Other topics include accounting and reporting for international currency transactions, translation of foreign subsidiary financial statements, partnership accounting, and interim period and segment reporting. Advanced Financial Accounting students will gain knowledge and skills used in the preparation and interpretation of complex corporate and partnership financial statements.
Upon completing this course students will:
Understand business combination accounting principles and the preparation of consolidation worksheets required for presentation of consolidated financial statements of affiliated corporations.
Be knowledgeable about global business and trade as it applies to Generally Accepted Accounting Principles and to International Financial Reporting Standards (IFRS). This will include an understanding of accounting principles applied to transactions across international borders and to the translation of foreign currency financial statements.
Have knowledge of partnership accounting, including formation, operation, ownership changes, and liquidation.
Have knowledge of required corporate segment disclosures and interim financial reporting standards.
Be an effective communicator, capable of recording, interpreting, and communicating financial and non-financial information for users in accordance with professional authoritative literature.
Possess the research skills to access, understand, and apply relevant professional authoritative literature including the FASB Accounting Standards Codification (ASC).
Understand the environment and role of the accounting profession in the proper functioning of commerce, and in society at large, and the ethical and regulatory responsibilities associated with that environment and role.
SPECIFIC TOPICS in ADVANCED FINANCIAL ACCOUNTING include:
Business combinations and the preparation of consolidated financial statements.
Foreign currency transactions and accounting for derivative forward exchange contracts.
Translation or remeasurement of subsidiary foreign currency financial statements for consolidation with U.S. parent company statements.
Partnership accounting and personal financial statements.
Interim period and Segment reporting.
TEXTBOOK AND MATERIALS:
Advanced Accounting 14th Edition Hoyle Schaefer Doupnik
ISBN: 978-1-260-72644-2
Connect Link: https://connect.mheducation.com/class/a-nadeem-hoyle-advanced-accounting-14eprebuilt-
course_1
GRADING:
The grading system will be based on the following.
Exams 300 points 48%
Homework 110 points 17%
Quizzes / Assessments 220 Points 35%
Total Points 630 Points 100%
Grades will be assigned based on the number of points achieved:
GRADE PERCENTAGE
A (90%-100%)
B (80-89))
C (70-79)
D (60-69)
F Less than 59%
Homework and Quizzes: Homework & Quizzes are assigned for each chapter in connect. All assignments (Homework, Quizes, Exams) must be completed using the connect application. Please use the link provided above for registration. It is expected that all students will complete homework and Quizzes by the end of each week. Homework, quizzes and Exams must be submitted by 5 pm on Sunday. Connect will not allow submissions after 5 pm on Sunday. Feedback for quiz and exams can be accessed at 6 PM on Sunday.
Examinations: There will be two unit examinations during the semester and a comprehensive final examination. The unit exams and final potentially will include a combination of problems and multiple choice, fill-in-the-blank and true/false questions. The final exam will be given as scheduled during the final examination period in the week of May 3rd.
Academic Honesty Policy: A policy of academic honesty is consistent with the mission statement of Marian University by ensuring academic integrity and thereby furthering the personal, moral, and intellectual development of the learning community. The intent of this policy is to establish consistency and to heighten the responsibility of the entire university community (faculty, staff and students) by identifying areas that would violate the concept of academic honesty. Little distinction is made between the student who is actually guilty of academic dishonesty and anyone who aids the student (e.g. by providing a copy of a stolen exam or by writing a paper for another student). An instructor and the University may change a student’s grade at any time, even after a course has been completed, if the student has violated the Academic Honesty Policy.
The rules and procedures set forth in the current Academic Bulletin dealing with academic honesty will be followed in this class. Students are expected to have familiarized themselves with these rules and procedures. This applies to cheating, plagiarism, and intentional misrepresentation of the truth. If an assignment is prepared by a student for this class, it is expected that it be the student’s own work and that any use of the work of another be properly quoted and cited. Penalties for violating the policy will be assigned consistent with the policy. The minimum penalty for plagiarism is a failing grade on the work in question.
Students needing additional Academic Support: Your academic success is important. If you have a documented disability that may impact your work in this course, please meet with me. Students must contact Lisa Olig, Coordinator for Student Accessibility Services and Academic Support at 920-923-8951 and provide documentation to receive official University services and accommodations. We look forward to working with you to meet your learning goals.
Students with temporary impairments/injuries: Students with temporary impairments due to injury, surgery, or recovery from surgery, may request short-term accommodations from Lisa Olig, Coordinator for Student Accessibility Services and Academic Support at 920-923-8951.
Additional Assistance: Math, Reading, Writing and Study Skills Assistance can be obtained from Marian’s Learning and Writing Center: https://my.marianuniversity.edu/Academics/case/LWC/default.aspx.
Knowledge Acquisition Assessment: This business course contains fundamental information that is important for all business students to master. It is important for students to develop a strong foundational understanding, in this subject area, in order to be successful in upper-level business courses, and ultimately, in your career. The Peregrine CPC-Comp exam is designed to assess your understanding and knowledge in specific subject areas in business. In additional to factual knowledge, the Peregrine exam evaluates students’ abilities to analyze and solve problems, understand relationships, and interpret material. Some of the material from this course will be assessed in the exam. You are expected to take the Peregrine exam during your final semester at Marian in BUA 402, Strategy and Policy.
School of Business Final Examination Policy: Students are required to take final examinations as scheduled. Final Examinations shall be administered for the School of Business courses during the final examination period, consistent with the schedule published each semester by the Office of the Registrar. Per university policy, final examinations may not be administered in classes prior to final examination week. The method of examination used and content covered in a final is at the discretion of the instructor as it relates to the objectives of the course and assessment of student learning. This policy applies to online courses as well as face-to-face courses.
Inclement Weather Considerations: Decisions to cancel classes due to inclement weather are made by Marian University. Both students and faculty must use their discretion to determine if travel during inclement weather poses a safety risk. Unless students and faculty are either individually notified or an announcement is made via radio and/or television regarding class cancellations, it should be presumed that all classes will be held as scheduled. If classes are not cancelled by the instructor or by the University, the attendance policy will be in effect for students who do not go to class.
Marian University College of the Professions
Business Department
Standards for Professional Conduct
Professional behavior requires the highest standards of conduct. In business (e.g., accounting, marketing), one earns the trust and respect of others through what they say and what they do. Professional behavior is a significant expectation for university students. It is said that the best predictor of future behavior is past behavior – the university is a student’s training ground for future professional work. Faculty and Staff in the School of Business expect the highest standards of honest, ethical professional conduct from each of our students – it is a component of students’ overall evaluation. There are several primary components of professional behavior: respect for others, full engagement, responsibility and integrity, and commitment to quality.
Respect for Others
Showing respect for others is the basis of all professional behavior. Professionals
· Are courteous and display good manners.
· Are punctual – i.e., not arriving late, not leaving early.
· Keep personal opinions of people private.
· Accept constructive criticism gracefully.
· Listen to others.
· Accept responsibility and apologize for any errors or misunderstandings.
· Speak clearly and in language others can easily understand.
Full Engagement
Professionals give their best effort in all tasks. They
· Demonstrate intellectual curiosity that encompasses the subject and its foundations.
· Are motivated to be a self-learner who initiates and sustains needed efforts to accomplish academic and personal goals.
· Recognize personal strengths and weaknesses and work to overcome or accept personal limitations.
· Accept that a demanding professional program requires personal sacrifices.
· Demonstrate cooperation and ability to both lead and serve as a team member.
Responsibility and Integrity
All professionals need to take responsibility for themselves and their work. Professionals
· Exercise honesty in all of their comments and work.
· Meet all deadlines for assigned tasks; ask for help in advance of the due date
· Are prepared before classes and meetings and when making presentations
· Are impartial – keep personal bias and intolerances out of discussions
· Are reliable and dependable
· Ensure they present themselves professionally with good hygiene and appropriate dress
· Demonstrate self-control and avoid public arguments and disagreements
Commitment to Quality
Always do your best work. Your name is on all of your work - it is a reflection of you.
· Assignments should be free of spelling and grammar errors.
· Assignments should be neatly formatted to enhance readability.
· All pages should be in the correct order.
· Ensure that your assignment fulfills all requirements and answers all questions.
· Ensure that your answers demonstrate understanding.
- Teacher: Ahmed Nadeem