BA328—AA—SP20131

Undergraduate ProgramCourse Syllabus: BA328.1 - Advanced Accounting

Spring Semester 2013

Dr. Beatrice Rolland, CPA Instructor

Course DescriptionThe course covers a detailed examination of the problems associated with business combinations and consolidations, intercompany profit transactions, complex affiliation transactions, branch operations, foreign operations and transactions, and state and local government fund accounting.

Course ObjectivesThe course objectives are as follows:

A. The student should be able to identify, measure, record and discuss accounting theory and practice regarding the equity method of accounting for stock investments.

B. The student should be able to identify, measure, record and prepare worksheets leading to consolidated financial statements for two consecutive years.

C. The student should be able to identify, measure, record and discuss acquisition issues including: minority interests, inter-company transactions, upstream vs. downstream sales, goodwill, push-down accounting and recent FASB issues.

D. The student should be able to identify, measure, record and discuss financial accounting theory and practice relating to preparing translated and re-measured statements given information to determine the functional currency.

E. The student should be able to identify, measure, record and discuss the various methods in the formation, maintenance and dissolution of a partnership, as well as understand the accounting implications involving estates and trusts.

Pre-RequisiteBA223; or permission of the chairperson if taken concurrently with BA223

Course Text and ReadingsAdvanced Accounting11th Edition by Joe B. Hoyle, University of Richmond Thomas F. Schaefer, University of Notre Dame Timothy S. Doupnik, University of South Carolina. ISBN 0078025400.

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Contact InformationDr. Rolland - Brubaker Hall, Room 301 M & W: 7:15 to 8:30 p.m.Office Hours: by appointment or before class E-Mail: rollandb@arcadia.edu (best way)

School Cancellation Information:KYW – Day#338, Eve#2338

In the event of class cancellation, we will hold an online version of the class session

Email – BlackboardWe will be using Arcadia e-mail, Blackboard throughout this course. Please ensure that your accounts are active and accessible. Please check Blackboard routinely for announcements and additional course information. When communicating with your professor via e-mail, please ensure that you use an email name that clearly identifies you as an Arcadia student. Remember to enter the course # BA328 in the subject area.

About your InstructorDr. Beatrice Rolland, CPA, is an adjunct faculty at Arcadia University and a Visiting Professor at DeVry University. She was previously an Associate Professor at the University of Maryland University College, an Assistant Professor of Accounting at West Chester University of PA for academic years of 2004 to 2008, and at Lincoln University for the academic year of 2003 to 2004.

Dr. Rolland usually teaches Intermediate Accounting, Advanced Financial Accounting, Cost Accounting, External Auditing, Federal Taxation, Managerial Finance, and International Finance courses.

Prior to embracing an academic career, Dr. Rolland was a Vice President of Finance and Chief Financial Officer of a major bond issuance company until spring 2005. She also worked as a public accountant in the CPA firm of Mitchell Titus, LLP.

Dr. Rolland is a Certified Public Accountant (CPA) in the Commonwealth of Pennsylvania. She holds a BBA in Accounting and a MBA in Finance from Temple University, and a DBA in Accounting from Argosy University. Dr. Rolland's research interests are in the area of Corporate Governance and Fraudulent Financial Reporting. Dr. Rolland is a member of the American Institute of CPAs (AICPA), the Pennsylvania Institute of CPAs (PICPA), the American Accounting Association (AAA), the American Association of University Professors (AAUP), and the Accreditation Council for Business Schools and Programs (ACBSP).

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Competency Assessment

Class Procedure:Class periods will consist of lectures followed by a discussion of exercises and problems assigned for each topic. Students will be called on in class and an interactive learning approach will be used. Questions are strongly encouraged.

It is absolutely essential to read all pages of a chapter prior to arriving in class. It is not possible to intelligently discuss the material unless you have read it at least once. Doing the exercises and problems is the key to success in this course. Your work load and anxiety level will be greatly reduced if you keep up with the assignments. Budget at least 6 hours per week for reading and preparing the required assignments. Remember, accounting is not a spectator sport.

Homework:In order to be successful in this course it is imperative that homework assignments be attempted and completed when due. Because of limited class time, the course outline identifies problems/exercises that all students should complete on their own.

Homework will be submitted only in blackboard on/before their due dates. Solutions to each assignment are available at 12:01 a.m. in blackboard after their due date. Throughout the semester, you are encouraged to post questions in Blackboard about any topic we cover in class, before and after completion of assignments. See the grade book for the weight of each assignment. Partial credit will be granted for partially completed work; therefore, it is an incentive for you to submit something instead of nothing at all.

Late Submission of Weekly Assignments Policy:You cannot submit a weekly assignment past the stated due date on the syllabus and in blackboard. No late assignment will be accepted.

Due Dates:Assignments are to be submitted by 11:59 p.m. (EST) on the due date listed in blackboard and the course schedule.

Examinations:Closed-book exams are administered in this course. Pencils, erasers and a non-scientific calculator are all you need during tests and quizzes. All cell phones, I-pads, I-pods will be turned off and n o one will share a calculator or use the calculator of their cell phone during exam/quizzes. Students are required to take all exams on the assigned dates and times. You cannot leave the room during exam time.

Make-up exams:There is no excused absence from a scheduled examination. Therefore, a scheduled exam that is missed will result in a grade of “F”. A make-up exam will be allowed if students provide an official document to the instructor for cases in which the absence is due to serious illness, serious injury, and death in the immediate family, or being the victim of a crime. Each situation will be reviewed and there is no guarantee that a make-up exam will be granted.

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Attendance, Punctuality, and ParticipationAttendance, participation and punctuality are required for a successful semester. Exiting and re-entering the classroom during class time cause disruption to all; therefore, students shall be prepared to attend the entire class period. If students have to leave early or arrive late on a particular day, please have the courtesy of informing the instructor prior to those dates. The use of cellular phones, beepers and any other devices are not permitted during class time. Food is not permitted in the classroom but beverages are allowed

Students are responsible to keep up with all information discussed in class. If absent from a class, a student is responsible to obtain any handouts or answer keys to exercises/problems reviewed in class. Disruptive classroom behavior will not be tolerated. For specific information, please consult the “Code of Conduct” in the Student Handbook.

Academic HonestyAll assignments will be completed using only resources authorized by your professor. Submissions should include only your work unless you receive permission from your professor. For additional information, please refer to the University regulations and policies in the student handbook: http://gargoyle.arcadia.edu/handbook/regpro/car-violation-code.htm

Grade Components and Final Grade CalculationThis course consists of the following graded items:

Exam 1 210 pointsExam 2 210 pointsFinal Exam (Comprehensive) 300 pointsBlackboard Homework** 180 pointsWriting Assignment 100 pointsTotal points 1,000 points

Grading Scale981 + A+ 921 – 980 A 901 – 920 A-881 – 900 B+ 821 – 880 B 801 – 820 B-781 – 800 C+ 721 – 780 C 701 – 720 C-681 – 700 D+ 621 – 680 D 601 – 620 D-0 – 600 F

**submit 6 assignments (view course schedule) from the 9 chapters we will cover this semester; each assignment carries a weight of 30 points.

Assignments are due the Sunday after we complete a chapter.

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Writing AssignmentTo fulfill the writing requirement of this course you will select a case from the following chapters: 3, 4, 5, 10, and 16 and submit your report as an attachment in Blackboard no later than April 24. The paper will be prepared in Microsoft Word and/or Excel, if applicable. No WordPerfect or scanned or fax copies will be accepted. The length of the paper will vary from question to question; however, it is expected that a minimum of 3 pages be submitted for each question. Your grades will be based on the content of the paper; it should be free of grammatical and spelling errors. The report will be discussed throughout the semester.

The cases are: C3 p. 141—Pecos and Suaro Companies (Team of 2 people) C4 p. 196-197—FASB ASC and IFRS C5 p. 246—Accounting Information and Salary Negotiations C10 p. 500—Translating Foreign Currency Financial Statements C10 p. 501—Parker Inc. and Suffolk Inc. C16 p. 742—The City of Sacramento or The City of Phoenix (Team of 2 People) C16 p. 743—The City of Bainland (Team of 2 People)

Students with DisabilitiesThe purpose of the Disability Resources and Services department can be summarized as follows:

“The Office of Academic Development provides services and coordinates academic accommodations for students with disabilities. Students who wish to receive classroom accommodations due to a disability must meet with either the Director of Academic Development or the Disabilities Specialist within the first two weeks of every semester that they are enrolled. We will discuss reasonable and appropriate accommodations with students and assist students with arranging those accommodations. All discussion between our staff and students is strictly confidential. Students are not required to reveal a disability unless they will need classroom accommodations. “

A student who wants to request an accommodation and/or receive specialized services should contact the staff of DRS immediately. Students may also wish to inform the instructor about their conditions. Sufficient prior notification is needed in order to make the necessary accommodations available for test taking. More information about available services and support is found at: http://gargoyle.arcadia.edu/handbook/serfac/disability-services.htm

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Course ScheduleDate Chapter Topic Assignment

01/14 1 Introduction. The Equity Method P27, P2801/21 No Class - Martin Luther King, Jr. Day

01/23 2 Consolidation of Financial Information P20, P23, P24

01/28 2 Consolidation of Financial Information (cont’d)

02/04 3 Consolidations—Subsequent to the date of Acquisition P26, P35

02/11 4 Consolidated Financial Statements and Outside Ownership02/13 No Class – Ash Wednesday

2/18 – 2/20 Test 1 – Chapters 1 to 3

02/25 4 Consolidated Financial Statements and Outside Ownership P3703/4 5 Consolidated Financial Statements

– Intra Entity Asset Transactions

03/11 - 13 NO CLASS

03/18 5 Consolidated Financial Statements– Intra Entity Asset Transactions (cont’d) P26, P30

03/25 9 Foreign currency transactions and hedging foreignexchange risk (pgs 375-386 & 410-413) P28, P30

03/27 10 Translation of foreign currency financial statements04/01 No Class – Easter

04/03 10 Translation of foreign currency financial statements P34

4/8 – 4/10 Test 2 – Chapters 4 & 5

04/15 16 Accounting for State and Local Government (I)

04/22 16 Accounting for State and Local Government (I) P35, P4117 Accounting for State and Local Government (II)

04/29 17 Accounting for State and Local Government (II) (cont’d) P40, P41

05/06 Final Exam – Comprehensive All questions should be completed for each chapter to ensure successful completion of the course. Your professor will complete additional exercises with you during each class session.

School Cancellation Information: KYW – Day#338, Eve#2338**submit 6 assignments (view course schedule) from the 9 chapters we will cover this semester; each

assignment carries a weight of 30 points. Assignments are due the Sunday after we complete a chapter.