ACCT 415

Advanced Accounting

Summer, 2000

 

 

                Faculty:                        Dr. Frederic M. Stiner, Jr., CPA

            Office:                          Purnell 006

            Office Hours:                Immediately after class

            Office Telephone:         831-1806

            FAX Number:              831-4676

            Internet:                        stiner@udel.edu.

            Accounting Website:     www.udel.edu/stiner/415.html

           

Purpose:

 

The course is an introduction to consolidations, partnerships, fund accounting for state and local government, and accounting for international transactions.  Other relevant topics may also be covered.

 

Prerequisites:

 

Proficiency in the material covered in ACCT 207, ACCT 208,  ACCT 315 and ACCT 316.  Note well: you must have at least a "C"  in ACCT 315 and 316 to take this course.  You must have an e-mail account at the University of Delaware, since some course information and handouts will be provided via e-mail.

 

Course Materials:

 

Required:

 

            Arnold J. Pahler and Joseph E. Mori, Advanced Accounting 7th ed., Fort Worth, Texas:  Dryden Press, 2000.

 

            Answers to some problems are available at Copy Maven on Main Street.  Some discussion questions and multiple choice answers are given only in class.

 

Recommended:

 

            The student should also have 7-column and 14-column paper for homework problems.

 

Grading:

 

            Examination I                 30 %

            Examination II                 30 %

            Final Examination           30 %

            Instructor discretion       10 %

                Total                        100 %

 

There is no plus/minus grading in this course.

Course Procedure:

 

            Each student is expected and required to have completed the assigned readings, and at least attempted the problems prior to coming to class.  The lectures and presentations are designed to build upon your advance preparation, not replace it.  The presentation is designed to

 

            1.         Emphasize key points;

            2.         Explain difficult concepts and illustrate their

                        application to specific fact situations; and

            3.         Present recent developments.

 

            This course covers a great quantity of material and a broad range of topics.  Once again, it is absolutely essential to your understanding of this material, and to your performance on the examinations, that when you come to class, you have already read the assigned chapters and at least attempted the assigned homework problems.  The complexity and volume of the material covered in this course mandates class attendance.

 

            This course presumes excellence in use of the English language.  Students with deficiencies in the English language will receive a communication deficiency.

 

Attendance:

 

            Each student is expected to take full responsibility for her or his academic work and progress.  Students are expected to attend class regularly, for consistent attendance offers the most effective opportunity open to all students to gain a developing command of the concepts and material for their course of study.  However, attendance in class is not, in and of itself, a criterion for the evaluation of the student's degree of success or failure.  Furthermore, absences (whether excused or unexcused) do not alter what is expected of the student qualitatively or quantitatively.  Students are charged with constructive notice of all material covered and announcements made during classes missed.

 

Examination Policy:

 

            Common examinations will be held at the scheduled time from 8:00 to 9:30 on June 15 and June 26.  Students are not expected to miss any regularly scheduled class in order to participate in a common examination.  For those who have conflicts with regularly scheduled classes, an alternative arrangement will be made.

 

            To qualify to take a make-up examination, two requirements must be satisfied.  First, the instructor MUST be informed that the student will be unable to sit for the exam at its regularly scheduled time (and the reasons therefore) PRIOR TO THE TIME THE EXAM IS SCHEDULED TO BE GIVEN.

            Second, the student, must have an ACCEPTABLE and VERIFIABLE reason for missing the exam.  Acceptable reasons for missing a scheduled examination include serious illness (i.e., illness requiring medical attention), death in the immediate family, or participation in University-sponsored activities at the request of authorized officials.  No exams have been scheduled on Christian or Jewish holidays.  Unacceptable excuses include heavy course loads, conflicts with work schedules, inadequate preparation, job interviews, etc.  As a matter of policy, All excuses will be verified by the course coordinator before permission to take a make-up examination is given.

 

            Review the exam dates and times.  If you have advance knowledge of a known or a reasonably predictable conflict with any of two scheduled examinations, the dates or the times, you MUST submit to your instructor by June 10 a written memorandum detailing: (1) the nature of the conflict; and (2) the person or persons who may be contacted for verification.

 

Academic Honesty:

 

            You are encouraged to become familiar with the University's Policy of Academic Dishonesty found in the Student Guide to Policies.  The content of the Guide applies to this course.  If you are in doubt regarding the requirements of this course, please consult with me before you complete any of the requirements of the course.

 

            The following clarifies how some of these academic honesty standards apply to this course.  As stated in other University materials, all of the following uses of computers are violations of the University's guidelines for academic honesty and will be treated as violations of the Code of Conduct:

 

                        1.         Copying a computer file that contains another student's assignment and submitting it as your own work.

 

                        2.         Copying a computer file that contains another student's assignment and using it as a model for your own assignment.

 

                        3.         Working together on an assignment, sharing the computer files or programs involved, and then submitting an individual copy of the assignment as your own individual work.

 

                        4.         Knowingly allowing another student to copy or use one of your computer files and to submit that file, or a modification of that file, as his or her individual work.

 

            Again, I encourage questions about standards and grading in this course.  

 

         

ADVANCED ACCOUNTING

ACCT 415 Sec. (010) - Summer, 2000

M  -  F ,  8:00 - 9:30 AM

 

Date            Topic                                                Assignment                              

 

 June 5             Chapter 1  - Introduction                                  E1-1, E1-2, E1-3,

                        Wholly-owned Subsidiaries -                            FAP1-1, FAP1-2

                        at Date of Creation

 

          6            Chapter 2  - Wholly-owned                              E2-1, E2-2, E2-6,

                        Subsidiaries--Postcreation                                E2-7, P2-1, P2-2

                        (including appendices)

 

          7            Chapter 3  - Partially-owned created                E3-1, P3-1, P3-2,

                        Subsidiaries and Unconsolidated                       E3-1A, PS3-1

                        Subsidiaries (include appendix)

 

          8            Chapter 4  - Introduction to                              E4-1, P4-1, P4-3, P4-4

                        Business Combinations                                     FAP4-2, C4-3

 

          9            Chapter 5  - Purchase Method                          E5-1, E5-2, E5-3, E5-4, E5-5, E5-8,

                        at Date of Acquisition                                       P5-4, P5-5, FAP5-1, FAP5-2

 

        12            Chapter 6 - The Purchase Method:                   E6-2, E6-3, E6-10, E6-11

                        Postacquisition Periods and Partial                    P6-1, P6-2, P6-12

                        Ownerships.

 

        13            Chapter 7  - Pooling of Interests                       E7-1, E7-2, E7-6, E7-7,

                        Method                                                            P7-1, P7-2, P7-3

     

        14            Discussion

                                                                                                                                                                                     

        15            Examination I – Chapters 1-7

                                                                                                                                                      

        16            Chapter 9 - Introduction to                               E9-1, P9-1, FAP9-2, PS9-2

                        Intercompany Transactions

 

        19            Chapter 10 - Intercompany                               E10-1, E10-3, E10-5, E10-6,

                        Inventory Transfer                                            P10-1, P10-2, P10-5

                        (Module 1 only)

 

                        Chapter 14 - Indirect and                                 E14-1, E14-2, E14-4, E14-5

                        and Reciprocal Holdings

 

 

        20            Chapter 16  - Translating Foreign Currency       E16-2, E16-3,

                        Transactions (including appendix)                      P16-1, P16-2, C16-2

 

                        Chapter 17  - Using Derivatives                        E17-3, E17-4, P17-4, P17-5,

                        to Manage Foreign Currency Exposure             P17-6, P17-7, P17-11,

                                                                                                FAP17-1

 

        21            Chapter 18  - Translating Foreign Currency       E18-1, E18-5, E18-6,

                        Statements: The Current Rate Method               P18-2, P18-7, PS 18-1

 

        22            Chapter 19  - Translating Foreign                      E19-1, E19-3, E19-4, E19-5,

                        Currency Statements: The Temporal                  E19-6, E19-8, E19-9

                        Method and the Functional                                P19-1, P19-2, C19-1,

                        Currency Concept                                            FAP19-2

 

        23            Foreign Currency (continued)

                                                                                                                                                        

        26            Examination:  Chapters 9, 10, 14, 16 - 19  

                                                                                                                                                        

        27            Chapter 23  -   Bankruptcy Reorganizations      E23-1, E23-6, E23-8,

                                                Liquidations                              P23-9

 

                        Chapter 27  - Estates and Trusts                       E27-1, E27-3, E27-5,

                                                                                                P27-2, P27-4

             

        28            Chapter 28  - Governmental Accounting:           E28-3, E28-4, E28-5,

                        Basic Principles and the General Fund               P28-1, P28-3

 

        29            Chapter 29  - Governmental Accounting:           E29-1, E29-2, P29-1

                        Special Purpose Funds and Account Groups     P29-8

                        (include appendix)

 

        30           Governmental Accounting (continued)

                

  July  3            Chapter 24  - Partnerships: Formation and        E24-1, E24-2, E24-3, E24-4

                        Operation (include appendices)                         E24-6, P24-4, C24-1, C24-2,

                                                                                                C24-3, E24-1A

         4             Independence Day

 

         5             Chapter 25  - Partnerships: Changes in              E25-1, E25-4, E25-6,

                        Ownership (include appendix)                           P25-2, C25-1, C25-2,

                                                                                                C25-3, C25-4, P25-2A

 

         6             Chapter 26  - Partnerships: Liquidations            E26-1, E26-2, E26-4, E26-5

                                                                                                E26-8, P26-5

 

         7             Discussion and Review

          

                                                                                                                                            

            FINAL EXAMINATION  -   JULY 8,   8:00 - 10:00 AM  

                                                             Coverage: Chapters 23-26, 27-29