Spring 2014
ACCK 403–110 Advanced Accounting
TR 7:00-8:15
FH309
Stephen A. McNett
Office: 323E
254.519.5493 mcnett@ct.tamus.edu
Office Hours: T-W-R 2:00-5:00
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1. Course Overview
Special phases of partnership accounting, joint ventures, consignments, installment sales, statement of affairs for
insolvent concerns, and business combinations. The prerequisite for the course is ACC 401 or concurrent enrollment.
2. Objectives of Course
Upon successful completion of this course the student will be able to:
1) know how to analyze and record creation of partnerships, distribution of partnership income, and liquidation of
partnerships
2) know how to account for foreign currency translation, hedge accounting and international accounting principles
3) know the proper accounting procedures for consignments
4) know proper procedures for segment reporting
5) know the rules and the accounting procedures for filing bankruptcy
6) know how to apply the cost, equity, and partial equity methods of accounting for investments
7) know how to prepare consolidated financial statements
3. Required Reading and Textbook(s):
Advanced Accounting, 11th ed., Hoyle, Schaefer & Doupnik, McGraw-Hill/Irwin, ISBN-13: 9780078025402
A student at this institution is not under any obligation to purchase a textbook from a university affiliated bookstore. The
same textbook may also be available from an independent retailer, including an online retailer.
4. Method of Evaluation
Your semester grade will be based on exams, homework, and quizzes. Your semester grade will be determined by your
weighted average earned points on the following:
Exam 1
Exam 2
Exam 3
Final examination (comprehensive)
Quizzes
Total
100
100
100
150
50
500
Exams (100 points each for a total of 300 points)
Three examinations will be given during the semester. Each examination will be composed of problems, short answer, and
objective questions. No make-up exams will be given. If an exam is missed for an excused reason, the percentage
earned on comprehensive final exam will be multiplied by 100 points and this score will be substituted for the missed
exam. This grade replacement may only be used for one missed exam.
Final Exam (150 points)
The final exam will be composed of problems, short answer, and objective questions. By department policy the final exam
will be comprehensive. The comprehensive portion of the final examination will consist of 25 multiple choice questions
worth 2 points each.
Quizzes (50 points)
A quiz will be given at the beginning of each chapter. Each quiz will be worth 5 points. The scores for the best 10 quizzes
will count towards the course grade.
5. Grading Criteria
We will be using a point system as follows:
450 – 500 points
400 – 449 points
350 – 399 points
300 – 349 points
below 300 points
= “A”
= “B”
= “C”
= “D”
= “F”
6. Semester Schedule (See below)
7. Drop Policy
If you discover that you need to drop this class, you must go to the Records Office and ask for the necessary paperwork.
Professors cannot drop students; this is always the responsibility of the student. The record’s office will give a deadline for
which the form must be returned, completed and signed. Once you return the signed form to the records office and wait
24 hours, you must go into Duck Trax and confirm that you are no longer enrolled. If you are still enrolled, FOLLOW-UP
with the records office immediately. You are to attend class until the procedure is complete to avoid penalty for absence.
Should you miss the deadline or fail to follow the procedure, you will receive an F in the course.
8. Academic Integrity
Texas A&M University - Central Texas expects all students to maintain high standards of personal and scholarly conduct.
Students found responsible of academic dishonesty are subject to disciplinary action. Academic dishonesty includes, but is
not limited to, cheating on an examination or other academic work, plagiarism, collusion, and the abuse of resource
materials. The faculty member is responsible for initiating action for each case of academic dishonesty and report the
incident to the Director of Student Affairs. More information can be found at www.ct.tamus.edu/StudentConduct.
All work in this course is to be completed individually. Any student who commits academic dishonesty will receive an F in
the course.
9. Disability Support and Access
If you have or believe you have a disability and wish to self-identify, you can do so by providing documentation to the
Disability Support Coordinator. Students are encouraged to seek information about accommodations to help assure
success in their courses. Please contact Gail Johnson at (254) 519-5831 or visit Founder’s Hall 114. Additional
information can be found at www.ct.tamus.edu/AcademicSupport.
10. Library Services
INFORMATION LITERACY focuses on research skills which prepare individuals to live and work in an informationcentered society. Librarians will work with students in the development of critical reasoning, ethical use of information, and
the appropriate use of secondary research techniques. Help may include, yet is not limited to: exploration of information
resources such as library collections and services, identification of subject databases and scholarly journals, and execution
of effective search strategies. Library Resources are outlined and accessed at.
http://www.tarleton.edu/centraltexas/departments/library/
11. Tutoring
Tutoring is available to all TAMUCT students, both on-campus and online. Subjects tutored include Accounting, Finance,
Statistics, Mathematics, and Writing (APA). Tutors are available at the Tutoring Center in Founder's Hall, Room 204, and
also in the Library in the North Building. Visit www.ct.tamus.edu/AcademicSupport and click "Tutoring Support" for tutor
schedules and contact info. If you have questions, need to schedule a tutoring session, or if you're interested in becoming
a tutor, contact Academic Support Programs at 254-501-5830 or by emailing cecilia.morales@ct.tamus.edu.
Chat live with a tutor 24/7 for almost any subject on your computer! Tutor.com is an online tutoring platform that enables
TAMU-CT students to log-in and receive FREE online tutoring and writing support. This tool provides tutoring in
Mathematics, Writing, Career Writing, Chemistry, Physics, Biology, Spanish, Calculus, and Statistics. To access
Tutor.com, click on www.tutor.com/tamuct.
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12. INSTRUCTOR POLICIES



Only non-programmable calculators may be used for examinations.
Turn all cell phones off before the start of class and texting during class is not allowed.
Incompletes will only be granted for rare, exceptional circumstances and only for missing some small part of grade
requirements. Students who have missed substantially all the exams and/or homework will not qualify for an
incomplete.
6. SEMESTER SCHEDULE This schedule is tentative and may be changed during the term as necessary.
DAY
T
R
DATE
1/14
1/16
CHAPTER/TOPIC
Introduction
Ch. 14 – Partnerships: Formation and Operations
T
R
1/21
1/23
Ch.14 - p. 25, 27, 28, 29, 30
Ch. 15 - Partnerships:Termination and Liquidation p. 19, 25
T
R
1/28
1/30
Ch.15 - p. 27, 28, 29, 30
Examination 1
T
R
2/4
2/6
Ch. 8 - Segment and Interim Reporting p. 32, 36
Ch. 8 - p. 37, 38, 39
T
R
2/11
2/13
Ch. 13 - Accounting for Legal Reorganizations and Liquidations p. 35, 36
Ch. 13 - p. 37, 39, 41, 42, 43, 44, 45
T
R
2/18
2/20
Miscellaneous topics
Miscellaneous topics
T
R
2/25
2/27
Ch. 1 - The Equity Method of Accounting for Investments
Ch. 1 - p. 28, 29, 31, 32
T
R
3/4
3/6
Examination 2
Ch. 2 - Consolidation of Financial Information p. 23, 24
T
R
3/11
3/13
Spring Break
Spring Break
T
R
3/18
3/20
Ch. 2 - p. 27, 28, 29
Ch. 3 - Consolidations-Subsequent to Date of Acquisition p. 30, 31
T
R
3/25
3/27
Ch. 3 – 32, 33, 34, 35
Ch. 4 - Consolidated Financial Statements and Outside Ownership p. 29, 32
T
R
4/1
4/3
Ch. 4 - p. 33, 34, 36, 37, 42
Examination 3
T
R
4/8
4/10
Ch. 5 – CFS – Intercompany Asset Transactions p. 18, 20
Ch. p. 23, 24, 26, 31, 35
T
R
4/15
4/17
Ch. 5 continued
Ch. 6 – VIEs, Intercompany Debt, & Other Issues
T
R
4/22
4/24
Ch. 7 - CFS – Ownership Patterns and Income Taxes
Catch-up and review
T
R
4/29
5/1
Review
Comprehensive Final Examination
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