Accounting
Southwest College
ACCT 2333-0006 Advanced Accounting
CRN:32262 – Fall 2014:
3 credit hour course/ 48 hours per semester/ 16 weeks
Instructor Contact Information:
Instructor
Phone
Email
Donald Bond
713-718-7865
Donald.bond@hccs.edu
Location/ Time
Southwest College, Room C253 / Tuesday 7:00PM 10:00PM
Office Hours
Office Location
West Loop Campus, 5601 West Loop South, Room
Feel free to contact me concerning any problems that you are experiencing in this course. Please
do not wait until you have received a poor grade before asking for asking for my assistance
Type of Instruction
Lecture
Course Description:
Methods of measuring and communicating economic information, including consolidated
statements, partnerships, real estate, foreign operations, and fund units.
Prerequisites
ACNT 2304
Frequent Requisites
MATH 0306 (Basic Math Pre-Algebra)
GUST 0342 (9th – 11th grade reading)
ENGL 0300 or 0347
Academic Discipline/ Program Learning Outcomes
1. Students will be able to read, listen, speak, and write proficiently in preparation for
presentations with clients, accounting, firms and compliance work
Course Student Learning Outcomes (CSLO)
Students will:
1. Use equity method of accounting for investments
2. Prepare consolidated financial statements
3. Perform accounting for transactions and risks involving various entities
Course Student Learning Outcomes (SLO)
Use equity method of accounting for investments
1.1. Prepare basic equity method journal entries for an investor.
1.2. Describe valuation principles of the acquisition method.
1.3. Conduct a goodwill impairment test.
1.4. Describe valuation principles.
Prepare consolidated financial statements
2.1. Prepare consolidation entries to remove effects of intra-entity fixed asset transfers.
2.2. Prepare consolidated statement of cash flows.
2.3. Prepare journal entries to account for foreign currency borrowings.
2.4. Prepare consolidation worksheet for parent and its foreign subsidiary.
Perform accounting for transactions and risks involving various entities
3.1. Prepare journal entries to record new partner’s admission.
3.2. Develop predistribution plan in partnership liquidation.
3.3. Determine proper timing for revenues recognition from non-exchange transactions.
3.4. Prepare financial statements for a public college.
SCANS and/or Core Curriculum Competencies: If applicable
SCANS for all CSLO
Foundation Skills - Basic -Reading
Foundation Skills - Basic -Writing
Foundation Skills - Basic -Mathematics
Foundation Skills - Basic -Listening
Foundation Skills - Basic -Speaking
Foundation Skills - Thinking -Decision Making
Foundation Skills - Thinking -Creative
Foundation Skills - Thinking -Problem Solving
Foundation Skills - Thinking -Seeing Things in the Mind's Eye
Foundation Skills - Thinking -Knowing How to Learn
Foundation Skills - Thinking -Reasoning
Workplace Competencies - Information -Acquires & Evaluates
Workplace Competencies - Information -Organizes & Maintains
Workplace Competencies - Information -Interprets & Communicates
Workplace Competencies - Information -Uses Computers to Process
Methods
Web-enhanced (49% or less)
Student Assignments for all CSLO
Class participation, Homework short problems, and Projects short problem
Student Assessments for all CSLO
Mid-term and final exam quizzes
Instructor's Requirements
Register CONNECT (Homework Manager) and Bonus (Gleim Quiz) before 1st class day.
1. Link to purchase access to CONNECT (McGraw-Hill Textbook Homework Manager):
http://connect.mheducation.com/class/d-bond-advanced-accounting-fall-2014-tuesday-7-10
2. Gleim Bonus https://www.gleim.com/?promoID=ASSESS-HCCS-Su14-ACNT2333
Program/Discipline Requirements:
1. EXCEL-Students will work in EXCEL following textbook examples
2. Internet-Students will use HCC webmail, learning web, Eagle Online 2.0
3. Ethics-Students will develop personal values for ethical behavior
HCC Grading Scale:
A = 100- 90:
B = 89 - 80:
C = 79 - 70:
D = 69 - 60:
59 and below = F
FX (Failure due to non-attendance)
IP (In Progress)
W (Withdrawn)
I (Incomplete)
AUD (Audit)
4 points per semester hour
3 points per semester hour
2 points per semester hour
1 point per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
0 points per semester hour
IP (In Progress) is given only in certain developmental courses. The student must reenroll to receive credit. COM (Completed) is given in non-credit and continuing
education courses.
FINAL GRADE OF FX: Students who stop attending class and do not withdraw
themselves prior to the withdrawal deadline may either be dropped by their professor for
excessive absences or be assigned the final grade of "FX" at the end of the semester.
Students who stop attending classes will receive a grade of "FX", compared to an earned
grade of "F" which is due to poor performance. Please note that HCC will not disperse
financial aid funding for students who have never attended class.
Students who receive financial aid but fail to attend class will be reported to the
Department of Education and may have to pay back their aid. A grade of "FX" is treated
exactly the same as a grade of "F" in terms of GPA, probation, suspension, and
satisfactory academic progress.
To compute grade point average (GPA), divide the total grade points by the total number
of semester hours attempted. The grades "IP," "COM" and "I" do not affect GPA.
Instructor Grading Criteria
Grading
Assignments
CONNECT Homework-1 (Chapters 1 - 6)
CONNECT Homework-2 (Chapters 7 - 12)
CONNECT Project
Points
60
60
48
EO2 Mid-Term Exam (Chapters 1 - 6), 30 Multiple-Choice
EO2 Proctored Final Exam (Chapters 7-12), 30 Multiple-Choice
Total Points
Gleim Quiz Bonus
168
150
150
468
30
HCC Grading Scale
90 - 100%
80 - 89%
70 - 79%
60 - 69%
BELOW 60%
=
=
=
=
=
A
B
C
D
F
(421-468 points)
(374-420 points)
(328-373 points)
(281-327 points)
(0 - 280 points)
Instructional Materials
Fundamentals of Advanced Accounting; Fifth Edition; Joe B. Hoyle, Thomas F. Schaefer,
Timothy S. Doupnik; Print Book ISBN: 978-0-07-802539-6; eBook with ConnectPlus ISBN:
0077425618; McGraw-Hill/Irwin
Student Policies: http://hccs.edu/student-rights
EGLS3 -Evaluation for Greater Learning Student Survey System
At Houston Community College, professors believe that thoughtful student feedback is necessary
to improve teaching and learning. During a designated time near the end of the term, you will be
asked to answer a short online survey of research-based questions related to instruction. The
anonymous results of the survey will be made available to your professors and department chairs
for continual improvement of instruction. Look for the survey as part of the Houston Community
College Student System online near the end of the term.
Calendar:
#
Date
08/26/14
1
08/26/14
2
09/02/14
3
Day
Tue
Tue
Time
Event
Classes begin
Chapter 1
09/09/14
Tue
Tue
Tue
Chapter 2
Official day of record
Chapter 3
4
09/16/14
Tue
Chapter 4
5
09/23/14
Tue
Chapter 5
6
09/30/14
Tue
Chapter 6
7
10/07/14
10/12/14
Tue
Tue
8
10/13/14
Tue
Mid-Term Quiz (Chapters 1 - 6), Online take home
9
10/14/14
Tue
Chapter 7
10
10/21/14
10/31/14
Tue
Tue
Chapter 8
Last Day for Administrative/Student Withdrawals
11
10/28/14
Tue
Chapter 9
12
11/04/14
Tue
Chapter 10
13
11/11/14
Tue
Chapter 11
14
11/18/14
11/24/14
11/24/14
Tue
Tue
Tue
Tue
15
12/02/14
Tue
12/07/14
Tue
12pm CONNECT Project due-Noon
12/09/14
Tue
7pm
12/14/14
Tue
12/15/14
12/15/14
Tue
Fri
16
Mid-Term Review (Chapters 1 - 6)
12pm CONNECT Homework-1 due-Noon
Chapter 12
12pm CONNECT Homework-2 due-Noon
12pm Gleim Quiz Bonus due-Noon
12pm EGLS3 Student Survey due-Noon
Final Review (Chapters 7 - 12)
Instruction Ends
Final Exam (Chapters 7 - 12), West Loop Room C-131
Semester ends
12pm Grades due-Noon
Grades available to students