San Jose State University
College of Business
Department of Accounting and Finance
Advanced Accounting--Bus 126
Spring 2012
(updated 5/15/12)-Major problems with the SJSU server recognizing Front Page...sorry for the delay in posting additional problems.

Section: T. 6pm - 8:45pm; BC 322                            
Office: BT 852
Office Hrs.:T,TH 4:30-5:30 pm; 8:45-9:45 pm or by appointment
Phone: 408.924.3468
Fax: 408.924.3463
E-mail: wfocpa@aol.com
Textbook site:

COURSE DESCRIPTION:
The goal of Advanced Accounting is to provide students with an understanding of the accounting for multi-unit domestic and foreign operations and intercompany transactions.  The course provides a detailed exposure to several financial reporting topics including:   corporate mergers and acquisitions, purchase accounting, goodwill, equity versus cost method of valuing investments in subsidiaries, intercompany inventory transfers, unrealized intercompany profits, basics of preparing consolidated financial statements, and international accounting.  It is expected that you will have a solid working knowledge of intermediate accounting before you enroll in this class.

COURSE CONTENT LEARNING OUTCOMES:
LO1:   Understand how to account for wholly owned subsidiaries at the date of creation and post creation periods and how they are reported in the financial statements.
LO2:  Understand how to account for partially owned subsidiaries and variable interest entities and how they are reported in the financial statements.
LO3:  Understand how to account for business combinations and how they are reported in the financial statements. 
LO4:  Understand how to account for intercompany transactions and how they are reported in the financial statements.
LO5:  Understand how to account for foreign currency transactions and how they are reported in the financial statements.
LO6:  Understand how to translate foreign currency statements.

COURSE MATERIAL:
Required: Doupnik, Hoyle & Schaefer, Advanced Accounting, 10th Edition, 2011, Irwin/McGraw-Hill.

HOMEWORK ASSIGNMENT:
Before you come to each class, read the material as outlined in the syllabus. Homework problems are to be completed before each class. Students will be expected to present solutions to selected homework assignments in class. While homework will not be routinely collected, it is absolutely necessary that you do your homework. Each chapter uses concepts and techniques learned in previous chapters. If you wish to understand the material better, you cannot afford to ignore the homework.

EXAMINATIONS:
There will be two (2) examinations and a comprehensive final examination. Calculators will be allowed; however, use of cell phones and translation dictionaries are not permitted during the exams. Generally speaking, there will be NO make-up examinations. In the event of a rare emergency on the day of the examination, you should notify me as soon as possible. Use all available methods of communication.

In addition, there will be 4 quizzes (I will drop your lowest score).

On each examination, an adjustment to each student’s raw score will be given based upon the average score of the top 10% of the class.

CLASS SESSION:
In class, we stress analysis and application of the concepts that you are expected to learn on your own. While we follow the general flow of the textbooks, we do not simply repeat the text. We emphasize important points, add new information, review homework problems and apply the concepts to real-world situations. Ample opportunities will be given to you in class for asking questions and answering questions raised by others. I expect each of you to be prepared for class.

GRADING AND GRADE CATEGORIES:
Grading will be based on the following scores:                       The following grading distribution
                                                                                                will be approximated:
            Exams (2)-100 points each                200                               A range 40%          90%-100%
            Final exam                                       150                               B range 40%          80%-89%
            Quizzes                                           100                               C range 15%          70%-79%
            Total points                                     450                                D range 5%            60%-69%
                                                                                                        F                           Below 60%
                                        

Any violation of academic integrity in any of the exams or assignments (including unauthorized use of internet resources) will lead to a course grade of "F".

COURSE OUTLINE AND ASSIGNMENTS (other problems will be assigned as we progress):