ACCTG 501: Advanced Financial Accounting
Spring 2014
email to Dr. Joh(gjoh.class@gmail.com)
Office:SS2437
Classroom:GMCS329 (Th 4:00pm~6:40pm)
Office Hrs: Th 2:30pm~3:30pm
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 Resources:
Textbook:
Hoyle, Schaefer, and Doupnik, Fundamentals of Advanced Accounting, 5th ed., McGraw-Hill
Please register McGrawHill Connect for HW Connect@
class schedule
classes dates ch.
1
Jan. 23 11
2
3
4
5
6
7
8
9
10
11
12
13
30
Feb. 6
13
20
27
Mar. 6
13
20
27
Apr. 10
17
24
12
9
10
1
2
3
4
5
6
7
topics
Governmental Acctg:1
San Diego County CAFR
Governmental Acctg II
Partnership Formation & Operation
Partnership: Termination & Liquidation
Exam#1(20%)
The Equity Method for Investment Accounting
Consolidation of a Fully Owned Subsidiary on Acquisition
Consolidation after Acquisition [qz]
Consolidation of a Partially Owned Subsidiary
Exam#2(25%)
Intra-Entity Asset Transaction [qz]
VIE, Debt
Foreign Currency & Hedging [qz]
HW Connect @
due
4pm Jan. 30
4pm Feb. 13
4pm Mar. 6
4pm Mar. 13
4pm Mar. 20
4pm Apr. 17
4pm May 1
14
15
16
May 1 8 Translation of Foreign Currency F/S
8
Financial Derivatives
15
Final Exam(30%) 4pm~6pm
Course Policies:
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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.
There will be no make-up examinations for all examinations. Students who cannot take an
examination due to illness or other approved reasons will have the weight for that examination
added to the weight given to the final examination. A make-up final examination will be
administered in accordance with University policies.
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%.
Each Connect@ assignment is credit/no credit basis. If your score of each Connect@ assignment
is 80% at least, you will receive a credit for the assignment. Any submission after its due date is
not acceptable.
There will be at least three in-class quizzes. Generally they will be announced a week ahead.
However, there will be pop-up quizzes also when the instructor believes that the majority do not
prepare for the class discussion. No make-up is allowed.
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.
I might curve the final grades if necessary, based on the class average and the academic standards
for the course.
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.
I retain the right to retain any class materials prepared by students.
Grades:
 Grades will be based on three examinations (75%) and quizzes and assignments (25%)
Maximum Possible Points Weights
Exam 1*
100
20%
*
100
25%
Final Exam*
100
30%
Homework assignments
100
15%
In-class quiz
100
10%
Exam 2
* 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.