Syllabus
Advanced Accounting

Advanced Accounting

ACNT-2333

Fall 2011
08/22/2011 - 12/11/2011

Course Information

Section 001
Laboratory

Sheila Ammons
sammons@austincc.edu
(512) 223.0182

Section 001
Lecture
W 6:00PM - 8:50PM
SAC1 1315
Sheila Ammons
sammons@austincc.edu
(512) 223.0182

Office Hours

  • W
    5 PM - 6 PM
    SAC - Room 1313.4
    I am also available via appointment, e-mail (sammons@austincc.edu) and phone (223-9216)

    Online Students -- View on-line office hours policy on Blackboard
  • Th
    3 PM - 6 PM
    SAC - Room 1313.4
    I am also available via appointment, e-mail (sammons@austincc.edu) and phone (223-9216)

    Online Students -- View on-line office hours policy on Blackboard
  • Sa
    1 PM - 1:30 PM
    NRG - Room 4216A
    I am also available via appointment, e-mail (sammons@austincc.edu) and phone (223-9216)

    Online Students -- View on-line office hours policy on Blackboard
  • Sa
    9:30 AM - 10 AM
    NRG - Room 4216A
    I am also available via appointment, e-mail (sammons@austincc.edu) and phone (223-9216)

    Online Students -- View on-line office hours policy on Blackboard

Course Requirements

ACNT 2333 COURSE DESCRIPTION:

  • Methods of measuring and communicating economic information, including consolidated statements, partnerships, foreign operations, segment reporting.  Topics include equity method of accounting for investments; consolidation of subsidiaries; foreign currency transactions and translations; hedging foreign exchange risk; financial instruments - including derivatives; segment reporting; international accounting standards; and partnerships.
  • This course presumes a thorough understanding of intermediate accounting principles in order to successfully master the course content.

COURSE OBJECTIVES:  Objectives

COURSE PREREQUISITE: 
ACNT 2304, Intermediate Accounting II or its equivalent at an accredited college or university. There are no exceptions. A student may be withdrawn from the class if the prerequisite has not been successfully completed. Be prepared to prove that you have completed ACNT 2304 on the first day of class.

TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY:
Austin Community College has received the designation of Qualifying Educational Credit for CPA Examination by the Texas State Board of Public Accountancy (Board).  This course qualifies as one of the 30 required upper-level accounting courses. However, for this course to be counted, the student MUST have completed a bachelor's degree PRIOR to taking this course. If this course is completed before a bachelor's degree is awarded, the Texas State Board of Public Accountancy will not accept it. Please review the information on our web site http://www.austincc.edu/accting/cpainfo.php. It is the responsibility of the student to understand and comply with the requirements of the Texas State Board of Public Accountancy.

 REQUIRED TEXTS/MATERIALS/COMPUTER SKILLS:

  • Advanced Accounting, 4th ed; Jeter, Chaney; Wiley; 978-0-470-50698-1
    • Calculator brought to class each meeting
  • Basic computer skills utilizing the internet, spreadsheets, word-processing and presentation software are required for this course. Generally, all assignments are to be prepared on the computer and presented in a format that would be acceptable in a business environment. Access to computers is available in the library at any ACC campus.

INSTRUCTIONAL METHODOLOGY:  The objectives of this course will be met by incorporating a variety of instructional methods. These include lecture, group activities, student presentations, discussion papers, class exercises, Spreadsheet and word processing activities, and online research. 

COURSE RATIONALE:  The goals and objectives of this course prepare students for (1) completing degree requirements, (2) obtaining or improving job skills, (3) qualifying for a business or Accounting job, (4) working as an entrepreneur, (5) fulfilling personal goals, and/or (6) understanding financial statements and the basic accounting process.

 ACC POLICIES:
Austin Community College policies for Academic Freedom, Scholastic Dishonesty, Student Discipline, Students with Disabilities, and Grade Changes are as follows:

Academic Freedom Statement:  Each student is strongly encouraged to participate in class. In any classroom situation that includes discussion and critical thinking, there are bound to be many differing viewpoints. These differences enhance the learning experience and create an atmosphere where students and instructors alike will be encouraged to think and learn. On sensitive and volatile topics, students may sometimes disagree not only with each other but also with the instructor. It is expected that faculty and students will respect the views of others when expressed in classroom discussions.

Scholastic Dishonesty Statement:Acts prohibited by the College for which discipline may be administered include scholastic dishonesty, including but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations, and homework” (Student Handbook,). Electronic devices may not be use for exams unless specifically authorized by the instructor.  Penalties for scholastic dishonesty will depend upon the nature of the violation and may range from lowering a grade on one assignment to an F in the course and/or expulsion from this institution.

Student Discipline Statement:  Classroom behavior should support and enhance learning. Behavior that disrupts the learning process will be dealt with appropriately, which may include having the student leave class for the rest of that day. In serious cases, disruptive behavior may lead to a student being withdrawn from the class. ACC's policy on student discipline can be found in the Student Handbook).

Students with Disabilities Statement:Each ACC campus offers support services for students with documented physical or psychological disabilities.  Students with disabilities must request reasonable accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester” (Student Handbook).

Grade Change Policies: Click on this link to view the policy. (Student Handbook)

COURSE POLICIES:
Incomplete Policy:  An incomplete (I) will be granted to a student in rare circumstances. Generally, to receive a grade of I, a student must have completed all examinations and assignments to date, be passing, and have personal circumstances that prevent course completion that occur after the deadline to withdraw with a grade of W. 

Attendance Policy:  All students are expected to attend classes.  Non-attendance will have an impact on the student’s grade.

Withdrawal Policy:  The instructor may withdraw a student for lack of progress.  Lack of progress includes:  A student who has missed more than 3 days of class and has not discussed the reasons for the absences with the instructor.  This discussion must take place in the instructor’s office or by phone within one week of the absence.  The last day to withdraw from this course is 11/17/11.

Inclement Weather/Instructor Absence: If ACC cancels class due to weather or building problems, or if the instructor is absent, go to Blackboard to locate a make-up assignment.

Exams  -- The exams are in-class, closed book exams.  If you cannot take an exam, you must contact the instructor prior to the start of the exam (call 223-9216 or e-mail sammons@austincc.edu).  A make-up exam will be placed in the SAC testing center.  You will have until the start of the next class period to complete the exam.  Otherwise you will be required to take a randomly generated multiple choice exam.  If the instructor is not contacted prior to the start of the exam, a randomly generated multiple choice exam will be placed in the SAC testing center.   You will have until the start of the next class period to complete the exam with no penalty.  Ten points will be deducted from the exam grade for each class meeting date after the exam date. 

If a student misses a second (or third) exam, the make-up exam will consist of a randomly generated multiple-choice exam. If a curve is necessary for any exam, the amount of curve will be based on your attendance.  For example, if you were present for all classes for the chapters tested, you will receive the entire curve.  If you missed classes, the curve will be prorated.

Homework– The problems are listed in the Homework section of Blackboard.  The solutions to these homework assignments are also posted in the Homework section of Blackboard.  There are no course points for these assignments.  The points will be earned on the related exam.  Students are encouraged to work the homework assignments and bring questions to class.  Feedback will be made available in class but the entire problems will not be worked in class.  Working homework is an excellent way to prepare for the exams. 

Labs– These are online labs and will be submitted via the Labs section of Blackboard.  Lab assignments and instructions are located in the Blackboard course.  No late labs will be accepted.  Students need access to Word, Excel, and the Internet.  Students can work at the library computer lab at and ACC campus.

Projects – There will be two projects that are worth 30 points each.  The projects will cover material in Chapters 6, 7 and 14.  There will be no formal class on the project dates.  The projects must be turned in via the Project section of Blackboard no later than 11 PM on the project date.

Class Activities -- There will be a total of 9 class activities which are 10 points each.  The top 8 grades count towards the 80 class activities points.  There is NO make-up for these activities.  Students are allowed to drop the lowest grade.  These activities include:  first class night basic accounitng assessment; class quizzes over suggested homework problems, and other class activities. 

Readings

 REQUIRED TEXTS/MATERIALS/COMPUTER SKILLS:

  • Advanced Accounting, 4th ed; Jeter, Chaney; Wiley; 978-0-470-50698-1
    • Calculator brought to class each meeting
  • Basic computer skills utilizing the internet, spreadsheets, word-processing and presentation software are required for this course. Generally, all assignments are to be prepared on the computer and presented in a format that would be acceptable in a business environment. Access to computers is available in the library at any ACC campus.

BLACKBOARD:
Log on to the Blackboard site http://acconline.austincc.edu to gain access to: course announcements, syllabus, class material, grade book, textbook support, assignments. It is important for you to access Blackboard at least one time each week. To use Blackboard, you do not have to have Internet access at home. Blackboard access is available through any ACC computer and is available from any Internet connection.

Course Subjects

 COURSE CALENDAR: SPRING 2011:  Changes will be posted in Blackboard.

 Date

Class Coverage

Labs – Due via Blackboard by 11 PM 

8/24

1. Introductions
2. Review Syllabus
3. Ch 1: FASB Conceptual Framework and Codification Project
4. Basic accounting assessment - topics are from Intermediate accounting

 

8/31

 Ch 1

Due 9/6 – 5 points

9/7

Ch 2

Due 9/12 – 5 points

9/14

Ch 3

Due 9/19 – 10 points

9/21

Exam Ch 1 – 3

 

9/28

Ch 4

Due 10/3 – 8 points

10/5

Ch 5

Due 10/10 – 8 points

10/12

Ch 6/Ch 7

 

10/19

Ch 6/Ch7 Project - No formal class
Submit project via Blackboard no later
than 11 PM on 10/21

 

10/26

Exam 2 - Ch 3 - 7

 

11/2

Ch 12

Due 11/1 – 8 points

11/9

 Ch 12/13

Due 11/14 – 8 points

11/16

Ch 13

 

11/23

Ch 11 Project - No formal class
Submit project via Blackboard no later
than 11 PM on 11/28

 

11/30

Ch 14

Due 12/5 – 8 points

12/7

Exam 3 – Ch 11 - 14

 

 

Please note: This schedule is subject to change.  Changes will be shown in the Blackboard course.

 

GRADING COMPONENTS:

Item

Points

%

Exam 1 – Ch 1-3

100

20%

Exam 2 – Ch 3-7

100

20%

Exam 3 – Ch 11-14

100

20%

Class Activities

                              80    16%

Projects

60

12%

Labs

60

12%

Total

500

100%

Grading:

450 - 500

A

400 - 449

B

350 - 399

C

300 - 349

D

Below 300

F

Student Learning Outcomes/Learning Objectives

SCANS COMPETENCIES:SCANS is the Secretary’s Commission on Achieving Necessary Skills. Please go to http://www.austincc.edu/mkt/scans.php for complete definitions and explanation of SCANS. This list summarizes the SCANS competencies addressed in this particular course.

  • Exhibition of responsibility
    • Students meet established deadlines as specified by the instructor.
    • Students regularly attend classes prepared and on time.
    • Students exhibit reliability and dependability in the performance of group related tasks.
  • Acquisition of Information
    • Students identify the need for data, obtain it from existing sources, or create it as necessary.
    • Students use computers to process information.
    • Students understand financial accounting.
  • Use of Information Skills
    • Students evaluate the relevance and accuracy of information and its appropriateness for a given academic activity.
    • Students effectively communicate the results of information retrieval and analysis using oral, written, graphical, pictorial, or other methods as appropriate.
    • Students apply technology to problem solving activities.
  • Demonstration of Writing Proficiency
    • Students display the proper use of grammar and appropriate writing skills in all assignments.
    • Students seek writing assistance from tutors or others when necessary.

  Objectives