TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ACT 6692
Advanced Accounting Problems
Prerequisites
The prerequisite for ACT 6692 is graduate student standing. [Note: To achieve graduate student
standing, students must complete all required business program and prerequisites as shown in the current
catalog. To achieve graduate student standing in the accounting option, students must complete all
required accounting prerequisites.]
Description
2008-2009 Catalog: A consideration of problems relating to pension plans, long-term leasing
arrangements, refunding of bonds payable, stock options, allocation of income taxes, changing price
levels, cash flow statements, and other financial accounting topics with emphasis on relevant
pronouncements by professional organizations and governmental agencies.
2009-2010 Catalog: A study of advanced financial accounting topics with emphasis on relevant
pronouncements by professional organizations and governmental agencies.
Course Objectives
Students successfully completing the requirement of this course should:



Demonstrate an understanding of complex financial accounting topics and pronouncements;
Demonstrate an ability to critically analyze complex financial accounting problems; and
Exhibit a level of problem-solving skill similar to that required for success in professional
certification-based positions.
Course Purpose
This course should enhance the students' preparation for the financial accounting and reporting
requirements in professional certification-based positions.
Texts
Any CPA Exam Review Manual and/or Software (current edition) for the Auditing and Attestation
section of the CPA exam.
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
1 Aug 2005
Master Syllabus: ACT 6692
2
Additional Reference Materials
Currently adopted intermediate, advanced and governmental accounting texts used in prior undergraduate
courses.
SUGGESTED COURSE TOPICS (minimum)
(Focus should be on concepts covered on the Financial Accounting and Reporting Section of the
CPA exam)
 Basic theory & Financial Reporting
 Inventory
 Fixed Assets
 Monetary Current Assets & Current Liabilities
 Present Value
 Bonds
 Debt Restructure
 Pensions
 Leases
 Deferred Taxes
 Stockholders’ Equity
 Investments
 Statement of cash Flows
 Business Combinations & Consolidations
 Derivative Instruments & Hedging Activities
 Personal Financial Statements
 Interim Reporting
 Segment Reporting
 Partnership Accounting
 Foreign Currency Translation
 Governmental
 Not-for-Profit

Other appropriate topics as determined by instructor
Troy State University Faculty Handbook (2001): Section 3.8.2.8 [extract]—22 essential elements of the syllabus (somewhat modified for space):
a.
b.
c.
d.
e.
f.
g.
Course title
Course number
Term
Instructor
Prerequisites
Office hours
Class days, times
h. Classroom location n. Grading methods,
criterion weights,
j. Office telephone
make-up policy,
k. Course description,
mid-term grade
objectives
reports
l. Text(s)
o. Procedure, course
m. Other materials
requirements
p. General supports
r. Additional services u. Cheating policy
(computer works,
(Americans with
v. Specialization
writing center)
Disabilities Act,
requirements
q. Daily assignments,
other statements)
(certification,
holidays, add/drop s. Absence policy
licensure, teacher
& open dates, dead t. Incomplete-work
competencies)
day, final exam
policy