TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ACT 4491
Advanced Accounting
Prerequisites: ACT 3392.
Description
2008-2009 Catalog: Theory and applications of accounting for business combinations, branches
and segments, partnerships, and foreign currency transactions and translations.
2009-2010 Catalog: An analysis of the theory and applications of accounting for business
combinations, partnerships, and foreign currency transactions and translations.
Objectives
On completion of the course, the student should:
1.
2.
3.
4.
Demonstrate an understanding of the major economic and accounting issues resulting
from business combinations and describe how current professional guidance attempts
to resolve those issues.
Prepare consolidated working papers and financial statements, including necessary
non-controlling interest disclosures.
Demonstrate an understanding of the how entities account for transactions
denominated in foreign currencies and how multi-national entities translate financial
statements denominated in foreign currency.
Demonstrate an understanding of the accounting techniques and methods associated
with the formation and liquidation of partnerships.
Purpose
This course introduces students to accounting concepts related to business combinations,
consolidated financial statements, partnerships, and multi-national accounting and reporting.
Approved Texts
Fischer, P. M., Taylor, W. J., & Cheng, R. H. Advanced Accounting (Current Edition). Mason,
OH: South-Western Cengage Learning.
Supplements
As deemed appropriate.
Course Outline:
Master Syllabus: ACT 4491
2
ACT4491 Advanced Accounting
Course Outline
I.
II.
III.
Business Combinations Chapter 1
A.
Consolidated Statements (Date of Acquisition) Chapter 2
B.
Goodwill Impairment and Segment Disclosure Chapter 1
C.
Consolidated Statements (Subsequent to Acquisition)
Chapter 3
D.
Intercompany Transactions Chapter 4 and 5
Multi-national Accounting
A.
Foreign Currency Transactions Chapter 10
B.
Translation of Financial Statements Chapter 11
Partnerships
A.
Characteristics Chapter 13
B.
Formation and liquidation Chapter 14
Master Syllabus: ACT 4491
Other Essential Elements (from the Troy University Faculty Handbook)
Individual syllabi prepared and distributed to students should contain the following essential
elements:
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Course Title
ACT4491 Advanced Accounting
Course Number
ACT4491
Term (or semester)
Tyy01, Tyy02, Tyy03, Tyy04, Tyy05, yySU, yyFA, yySP
Class days and times
Classroom location
Instructor
 Office location
 Office telephone
 Office Hours
Course description and objectives
Text(s)
Other materials
Grading methods
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Criterion Weights
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Make-up Policy
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Other information relevant to grading
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Absence policy
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Incomplete work policy
Cheating policy
General supports (computer works, writing center)
Daily assignments, holidays, add/drop and open dates, dead day, final exam date
Additional services (e.g., ADA)
Specialization requirements, if applicable
3