The Ohio State University
Max M. Fisher College of Business
Accounting 624: Advanced Accounting
Course Syllabus - Winter Quarter, 2009
Instructor
Office
Phone
E-mail
Office Hours
Marc H. Smith
348 Fisher Hall
292-8753
mhsmithosu@yahoo.com
Monday from 2:15 – 3:15 pm; Friday from 2:30 – 3:30 pm and by appointment
Course Materials:
1. Jeter & Chaney, Advanced Accounting, Third Edition, John Wiley & Sons, Inc.
Publishing Company, 2007
Course Objectives:
1. To provide each student with an appreciation for and a working knowledge of:
(a)
(b)
(c)
(d)
Accounting for Business Combinations & Consolidations
Accounting for Partnerships
Accounting for Governmental Entities
Accounting for Non-Governmental Not-for-Profit Entities
2. To build your business and accounting vocabulary so that you will be conversant about
business and accounting issues.
3. To develop and improve your problem-solving abilities.
Class Attendance:
Due to the strong positive correlation between a good grade and a good attendance record for this
course, you should make every effort to attend all class meetings. At The Ohio State University,
attendance at scheduled classes is required, and prolonged unexcused absences will result in
cancellation of your registration for the course.
Additionally, regular class attendance and
participation is an indication of your effort in the course and is critical evidence for borderline grade
decisions. Interruptions of class by continually arriving late and/or leaving early, talking, or
other disruptive behavior will result in a reduction of points in determining your final
course grade.
Course Website:
The course URL is http://carmen.osu.edu. The username and password you will use to log in to carmen
are the same ones you use to check your OSU e-mail and to register online for classes. To activate your
OSU e-mail visit http://www.oit.ohio-state.edu/userpass.html and click on ‘how to activate’ or call 688HELP. Solutions to all practice assignments, solutions to quizzes, and other relevant information will
be posted on the course website.
Homework:
There are no formal written homework assignments for this course. However, practice is
essential to mastering this subject matter. Thus, I have indicated recommended practice
assignments for each topic covered (see the last page of the syllabus). These problems can be found
in the textbook at the end of each chapter. The solutions to all assigned problems can be accessed
on the carmen course site by clicking on ‘content’ on the top navigation bar and then scrolling down
to the bullet point labeled ‘practice assignment solutions’. While these assignments will not be
collected, there is an extremely low probability of success in this course if you do not
attempt the assigned problems.
Quizzes:
There are five, forty-point quizzes scheduled throughout this course (see the assignment schedule).
If you miss a quiz, you will receive zero points for that score. Make-up quizzes will not be given.
I will drop your lowest quiz score in the determination of your final course grade. Please note that
quiz #4 is a take-home quiz that will be due Monday, March 2.
Examinations:
Midterm examinations are scheduled on Monday, February 2 and Monday, February 23 and will be
given during class time. The comprehensive final examination is scheduled on Monday, March 16
at 3:30 p.m. Please turn off all cell phones and beepers during the examinations and
quizzes (as well as during class).
If you miss an examination for a valid reason (e.g., sickness, death in immediate family) and provide
sufficient documentation to support your situation, you will receive an excused absence. The final
grade for those students receiving an excused absence will be determined by the method the
instructor assigns at the time the absence is judged excused. If you receive an excused absence from
the final examination, you will receive an incomplete grade until you complete a make-up exam. If
you miss any examination without receiving an excused absence, your score for that examination
will be zero.
Course Grade:
Your final grade in this course will be determined by the total points you earn from exams and
quizzes. The maximum points you can earn from each are:
Mid-term examination I (02/02)
Mid-term examination II (02/23)
Final examination (03/16)
Quizzes (best 4 of 5)
Total
270 points
270 points
300 points
160 points
1,000 points
ACCOUNTING 624
M. H. Smith
2009
DATE
READING
TOPIC
January 5 Chapter 1
Chapter 2
Introduction to Course
Business Combinations
January 7 Chapter 2
Business Combinations
January 12 Chapter 3
Consolidated Financial Statements
January 14 Chapter 3
Consolidated Financial Statements
January 19
No Class: Martin Luther King, Jr. Day
January 21 Chapter 4
Consolidated Financial Statements
January 26 Chapter 4
Consolidated Financial Statements
Winter
QUIZZES
PRACTICE
ASSIGNMENTS
E2-2, 3, 4, 10; P2-1, 3
Quiz #1
E3-1, 3, 4, 6, 8
P3-1, 2, 7, 9
Quiz #2
E4-2, 3, 5, 7, 12
P4-2, 3, 4, 5, 7
January 28
Catch-up and Review
February 2
Midterm Examination I
February 4 Chapter 5
Consolidated Financial Statements
E5-2, 4, 8, 11, 12
February 9 Chapter 5
Consolidated Financial Statements
P5-1, 2, 4, 6, 8
February 11 Chapter 7
Consolidated Financial Statements
February 16 Chapter 7
Consolidated Financial Statements
February 18
Catch-up and Review
February 23
Midterm Examination II
February 25 Chapter 15
Partnership Accounting
March 2 Chapter 16
Partnership Liquidation
March 4 Chapter 17
Introduction to Fund Accounting
March 9 Chapter 18
State & Local Governments
March 11
Catch-up and Review
March 16
Final Examination – 3:30 pm
Quiz #3
E7-1, 3, 4, 8, 12
P7-1, 2, 3, 4, 8
E15-3, 6; P15-4, 6, 9
Quiz #4
(take-home)
E16-2, 4, 6, 8; P16-1
E17-5, 7, 8, 9; P17-3
Quiz #5
E18-4, 5, 8; P18-2, 7