Advanced Accounting   AC 421.01  

Winter 2007

Haugen

 

Required textbook:  Advanced Financial Accounting, 6th ed., 2005, by Baker, Lembke, & King,

   McGraw-Hill/Irwin

 

Course Objective:  To develop an understanding of accounting concepts and procedures pertaining to partnerships, foreign currency transactions, interim financial statements, and consolidated financial statements.

 

Attendance:  Attendance and class participation are expected.  Exceptions for school approved

     activities and serious illness.

 

Grading:  Grades will be assigned at the end of the term based on performance on the following:

                 

                  Exam I  Feb. 5                                                100 points

                  Exam II  March 21                                           100 points

                  Exam III  April 18                                            120 points

                  Two case presentations                                     40 points

                                Total                                                360 points

 

 

Assignments:  A listing of assignments for the term is on a separate page. 

  Minor adjustments, additions & deletions may be made as the term progresses.

 

Case assignments, with presentation dates, are listed on a separate page.

 

 

Wartburg Honor Code

 

As a matter or personal commitment, students, faculty, and staff of Wartburg College are expected to demonstrate four simple principles:

1)  All submitted work must be your own.

2)  When using the work or ideas of others, including fellow students, provide full credit through

    accurate citations.

3)  Ask for clarification if there is uncertainty about citation rules on a particular assignment.

4)  Maintain academic honesty on examinations and class assignments.

 

Source:  The Honor Code, as approved by the faculty and Student Senate.

 

 

Special Needs:

The Americans with Disabilities Act of 1990 (ADA) provides protection from illegal discrimination for qualified individuals with disabilities.  Students requesting instructional accommodations due to disabilities must arrange for such accommodations by contacting the Dean of Students Alexander (Lex) Smith.  He can be reached at the Student Life Office, Wartburg College, Student Center 195, 352-8260, <Alexander.smith@wartburg.edu>.  Accommodations should be requested PRIOR to affected assignment due dates. 

 

Office Hours:

 

               Monday – 1:15 -2:20 and 3:45 – 4:45.

               Tuesday – 1:00 – 2:00

               Wednesday – 12:00 – 1:05

               Thursday – 9:30 – 10:30

               Friday – 1:15 – 2:20,

               and by appointment.

Case presentations – Winter 2007

 

A separate case book will be made available for case presentations.  Teams of two students will

be assigned to each of the following 12 cases.  Each team will prepare a case and present its work to the class in the form of an oral presentation.

 

The grade for each presentation will be assigned to the presenting team, base on technical understanding demonstrated and the quality of the presentation.

 

All cases selected have relevance for CPA Examination preparation and review significant points from previous financial accounting courses.  Accordingly all can benefit from studying the cases assigned to others for presentation.

 

Please keep the case books in good condition.  I would appreciate keeping the books free of underlines, highlights margin notes, etc.  I have used these books in prior years and may reuse them in future years.

 

Date of presentation

Case

Presenters

Feb. 7

H-2

Kirsten & Justin

Feb. 9

I-1

Karie & Cali

   “

K-1

Donna & Zach

Feb. 12

P-2

Aaron & Rhonda

   “

O-1

Alicia & Lisa

Feb. 14

P-5

Casey & Jamie

 

 

 

Feb. 19

L-2

Lisa & Kirsten

   “

A-5

Justin & Karie

Feb. 21

F-1

Casey & Donna

Feb. 23

G-3

Zach & Cali

Feb. 28

H-6

Rhonda & Jamie

   “

J-1

Alicia & Aaron

 

Assignments – Advanced Accounting – Winter 2007

 

January

8

Introduction

 

10

Study Ch. 15., Probs. 15-14 & 15-18

 

12

Prob. 15-11. Ex. 15-9

 

 

 

 

15

Prob. 15-20  Study Ch. 16, including appendix A

 

17

Prob. 16-18  Ex. 16-11

 

19

Prob. 16-19  Ex. 16-12A

 

 

 

 

22

Study Ch. 11

 

24

Ex. 11-9 & 11-13

 

26

Prob. 11-22, Prob. 11-26

 

 

 

 

29

Prob. 11-23A – omit part e.,  Prob. 11-30B

 

31

Study Ch. 13, pages 686-698.  Prob. 13-17

February

2

Prob. 13-18, Exs. 13-3 & 13-5

 

 

 

 

5

   Exam I  Chapters 15, 16, 11 & 13, pages 686-698

 

7

Study Ch. 1

 

9

Prob. 1-39, Exs. 1-1, 1-2 & 1-10

 

 

 

 

12

Study Ch 2

 

14

Probs. 2-33 & 2-27, Ex 2-1

 

16

Probs. 2-29 & 2-38, Ex 2-21

 

 

 

 

19

Study Ch 3, Prob 3-25, Exs 3-1 & 3-4

 

21

Ex 3-16,  Study Ch 4,  Ex 4-7 & 4-10

 

23

Probs 4-16 & 4-20,  Study Ch 5

 

 

 

 

26

Probs 5-43 & 5-50A

 

28

Probs. 5-44 & 5-51A

March

2

Probs. 5-37 & 5-52A

 

 

 

 

 

March 5, 7 & 9   - Mid-term break.  No classes

 

 

 

 

12

Study Ch. 5

 

14

Probs. 6-35 & 6-29

 

16

Probs. 6-38 & 6-44A,  Ex 6-2

 

 

 

 

19

Probs. 6-50 & 6-54A

 

21

   Exam II    Chapters 1-6

 

23

Study Ch 7, Prob. 7-27

 

 

 

 

26

Probs. 7-35, 7-39A & 7-19

 

28

Probs. 7-29, 7-39A & 7-37A

 

30

Study Ch 8

 

 

 

April

2

Prob. 8-28

 

4

Prob. 8-29  Ex. 8-5

 

 

 

 

 

April 6 & 8   Easter Break    No classes.

 

 

 

 

11

Prob. 10-29

 

13

Prob. 8-30

 

 

 

 

 

April 18, 8:00 a.m.     Final Exam        Chapters 1-8