Acctg501: Advanced Financial Accounting
Spring 2013
Dr. Joh(acc501.sdsu@gmail.com)
Office: SSE 2437
Meeting Date
1
1/17
2
3
4
5
1/24
1/31
2/7
2/14
6
2/21
7
2/28
8
3/7
9
3/14
10
3/21
11
3/28
12
4/11
13
4/18
14
4/25
15
16
5/2
5/9
Class: Th 4:00pm~6:40pm @GMCS329
Office Hrs: Th 2:30pm~3:30pm
Topic (lecture notes)
Chapter**
Homework***
Governmental Acctg: General
Fund
10
San Diego County, Ca CAFR (DNP*)
Governmental Funds
11
E10.1,E10.8,E10.10
CAFR
12
E12.9
Partnership
14
E14.5,E14.6,E14.11,E14.12,E14.14,E14.15
Exam#1(25%)
Investment , Mergers and
1 , 2 E1.4,E1.5,P1.5,P1.7,P2.5
Acquisitions
Consolidation on Acquistion
3
E3.8,E3.2
Date
Consolidation After
4
E4.5
Acquisition
Consolidation after
Acquisition
Exam#2(30%)
Consolidation with
5
E5.6,E5.8
Noncontrolling Interests
Intercompany Transactions
6
E6.7
Foreign Currency Financial
7
E7.9, TBD
Statements
Foreign Currency Transaction
8
TBD
and Hedging
Financial Derivatives
9
E9.3
Exam#3(35%) 4:00pm~6:00pm
* DNP: Do not Print
** Clicking each chapter number, you can download the publisher's PPT. My lecture note is a
short and customized version of the publisher's PPT.
*** Not all homework assignments are collected. The assignments to be collected will be
announced a week in advance.
Textbook: Hamlen, Huefner, and Largay, Advanced Accounting, Cambridge Business
Publishing, 2nd ed., 2012.
Additional sources*:
 Bisk CPA Review

Gleim CPA Review
* These sources may help you to study the topices indirectly.
At the end of this course students should be able to:
1. List and explain various consolidation theories, current issues of consolidation, the
consolidation standards in US GAAP and IFRS.
2. Prepare consolidated financial statements properly for domestic or multinational
companies.
3. Analyze and report partnership transactions such as formation, dissolution, partner
changes, and earnings distribution.
4. List and explain fundamental GASB standards and rules and their relationship with FASB
statements and apply them to measure and report governmental activities.
5. Analyze and evaluate the financial position and performance of a governmental
organization.
6. Explain verbally the various concepts of advanced accounting issues such as financial
derivatives, hedging, and consolidation.
Course Policies :
a. The pre-requisite for the course is Accounting 321, 300, or its equivalent, with a minimum
grade of C. Proof of pre-requisite may be required.
b. No make-up examinations will be permitted except for reasons of illness when the
instructor is notified in advance of the scheduled exam and the student supplies a letter
from a physician explaining the nature of the illness. I retain the right to retain any class
materials prepared by students.
c. Each significant contribution during class discussion is rewarded by a bonus point card. A
few examples of "significant contribution" are "to ask appropriate questions helping the
class understand the content," "to show a better and creative approach to cases or
problems." Each bonus card is worth one multiple choice question in the next exam. You
may not sell or buy the card or use the bonus card to raise your score above 100%. be
d. The class average for this course has typically been in the 2.9-3.3 range. You may assess
your performance based on the traditional grade cutoffs of 93%=A, 90% = A-, 87%=B+,
83% = B, 80%=B-, 77%=C+, 73% = C, 70%=C-, 60% = D, and below 60% = F.
e. I might curve the final grades if necessary, based on the class average and the academic
standards for the course.
f. Incompletes will be given only in the RAREST of circumstances and according to
university policy. There will be no opportunity to raise your course grade by doing "extra
credit" work during or after the end of the semester-that would violate University policy.
Grades:

Grades will be based on three examinations (90%) and participation and homework (10%).
Assignments Weights
Exam #1*
25%
Exam #2*
Final Exam
Homework

30%
*
35%
10%
* Each test is non-cumulative.
Office Hours


I encourage each of you to take advantage of my regularly scheduled office hours to
discuss problems and to seek assistance when needed throughout the semester. I would like
to talk to each of you at least once. If you cannot make it to my regularly-scheduled office
hours, feel free to schedule an individual appointment with me. It is my job to help you
learn and succeed in this class, and I will help whenever possible.
In an effort to make the class successful for all students, please provide me feedback on
how the course is going and how you feel you are doing in the course. I can make this class
more successful if I hear from you about what you do and do not understand. I welcome
your feedback during office hours and via e-mail.
Grading questions or appeals


DO NOT WAIT UNTIL THE END OF THE SEMESTER TO TAKE ACTION ON
GRADING ISSUES. BY THAT TIME IT WILL BE TOO LATE! If you feel there exists a
grading error on any of the above grade components, or if you feel you need to bring to my
attention other facts or circumstances that might affect the grade for that item, you will
have one week from the date the grade is posted on Blackboard or the graded item is
redistributed back to the class (whichever is earlier) to take such action and have the matter
resolved.
If for whatever reason you are not in class on the day the graded item is available for
pickup, the one-week period will still begin on that day.
Dishonesty Policy:
Cheating on any exam or class assignments will result in a zero for that activity. A definition of
"cheating" is found in the SDSU Student Policies Manual, Section 01:10:01 on cheating,
plagiarism and facilitating academic dishonesty. Executive Order 969 mandates that faculty report
all incidents of academic dishonesty to the Center for Student Rights and Responsibilities
(http://csrr.sdsu.edu). Fulfillment of assigned projects must represent the original work of each
student. Plagiarism is not appropriate.