BUS-A 422
Advanced Financial Accounting
Indiana University Kokomo
Dr. Steven Cox
Fall 2005

^*    If a student is found to be without the required prerequisite, he or she will be administratively withdrawn at any point in the semester.

Goals:
The learning scope of this course is to enable students to have an understanding of business combinations, partnerships, not-for-profit organizations, and multinational accounting. Major emphasis is placed on accounting for consolidation and not-for-profit organizations.

Objectives:

At the completion of this class, the student should be able to:

• Understand the basic consolidation productions, both at acquisition and subsequently.
• Understand the cost and equity method of maintaining investment accounts.
• Understand common inter-company transactions and the elimination process in consolidations.
• Identify differences in accounting between countries and the harmonization of accounting standards.
• Be familiar with the translation and re-measurement principles necessary to account for investment in foreign entities.
• Understand not-for-profit accounting principles as applied to state and local governmental units.
• Understand the formation of partnerships and allocation of partnership profit and loss.

The School of Business Web Page with Mission Statement:

http://www.iuk.edu/~kobus/Mission.shtml

Grading:

Grading Scale:

Exams:
Unexcused absences will result in zeros on exams. The first exam will be in class on October 3^rd. The second exam will be in class on November 7^th. The final exam will be in class on December 14^th.      

Participation:
Participation in the class is worth 25% of the grade. Half will be based on simple attendance. The other half will be based on performance in class in presenting the answers to assigned problems to the class and on discussion of the course content. 

Computer Usage:      
This syllabus and answers to assigned problems are available on my web site. Select the BUS-A422 syllabus and then click on the chapter numbers from the class schedule.   IUK also offers a variety of computer resources for course assignments and projects (e.g., word processing, spreadsheets, presentation software, database management, and statistical analysis packages). 

Library Usage:
The IUK library system offers a large number and variety of resources for the student to use in this course.  Examples include current newspapers (Wall Street Journal), magazines (Business Week), databases (ABI Inform), and access to the Internet.

Disability Issues:
Indiana University Kokomo provides equal access and support services to students with special needs.  Students with documented disabilities should contact the University Division (455-9309) and discuss any necessary support services or accommodation with the instructor. 

 

BUS-A 422 Tentative Class Schedule