NOTE: ACTG 417/517 are not being offered during Summer 2008.
The course materials below are for reference purposes only.
ACTG 417 /
517
Advanced Accounting
Winter 2008
CRN 279679, 4-5:50 p.m. Monday and Wednesday,
Bexell Hall 207
4 credits
Roger Graham 204
Bexell Hall
roger.graham@bus.oregonstate.edu
737-4028
Office Hours: Mondays and
Wednesdays 10:30-11:30 and
Tuesday 1:30 – 2:30
Text: Selected Chapters: Advanced
Accounting, 9th ed. Beams, Anthony, Clement & Lowensohn,
Prentice Hall
Enforced
Prerequisites: ACTG 322, ACTG 325,
ACTG 378 and ACTG 319 each with a C or better and Instructor approval.
Students with Disabilities: "Accommodations are collaborative efforts between
students, faculty and Services for Students with Disabilities (SSD). Students
with accommodations approved through SSD are responsible for contacting the
faculty member in charge of the course prior to or during the first week of the
term to discuss accommodations. Students who believe they are eligible for
accommodations but who have not yet obtained approval through SSD should contact
SSD immediately at 737-4098."
Course Description: BA 417 has
two self-contained modules. The first
module covers corporate combinations and the preparation of consolidated
financial statements. The material in
the consolidation module requires:
1.
learning a structured system involving worksheets,
2. a
solid understanding of economic events, and
3. a
solid understanding of basic accounting procedures.
Most of which you have been well exposed to in your
intermediate series. Therefore, you should
use this course not only as an opportunity to study the accounting for business
combinations but also to review other accounting procedures.
The material in the second module covers
not-for-profit accounting. The material
in this module requires learning the nature of non-profit-making organizations,
the system of accounting designed to provide meaningful information about
non-profit-making activities, resources, and obligations, and the fiduciary
responsibilities of accountants and organization officers.
BA 417 Learning Objectives: There are
four related objectives that I have for this course.
1. Students will understand the economics of and the
accounting for combinations of business entities and be able to apply their
understanding to prepare combined financial statements.
2. Students
will understand the types and nature of and the accounting for not-for-profit
organizations and be able to apply their understanding to prepare
not-for-profit financial statements.
3. Students
will understand the fiduciary responsibilities of accountants and organization
officers.
4. Students
will be exposed to current accounting issues, learn the sources of accounting
procedures and have the ability to support solutions to complex accounting
problems.
Course Requirements:
|
|
BA 417
Points
|
|
Business Combinations Exam
|
125
|
|
Not-for-Profit Exam
|
65
|
|
Consolidation Excel Project
|
50
|
|
Not for Profit Assignment
|
35
|
|
Daily homework
|
25
|
|
Total
|
300
|
Grades
will be assigned based on your total points earned during the term as a
percentage of total points possible: A’s 85 – 100%, B’s 75 – 84%, C’s 65 – 74%
Classroom Rules: Be respectful, exercise integrity, be honest, provide help and support
whenever you see a need.
In
addition, all Oregon
State University
student conduct requirements apply. The
OSU student conduct requirements are accessible at http://oregonstate.edu/admin/stucon/achon.htm
A little
about me: I grew up in Colorado but consider
myself from Missoula, Montana.
I owned a construction company there for over 12 years. I am married to Kristina
Frankenberger who is Professor of Marketing at Western Oregon University. I have two sons; Chris 31, married to Sarah
and Brian 28, married to Tina. We have
two dogs, Scout and Trigger and one cat, Pudge.
We have lived in Oregon
since the Fall of 1986. We enjoy Oregon very much.
I
enjoy teaching very much and I enjoy talking informally with students. I have been teaching at Oregon State
University since January
1991. I have also taught at Northern Montana College,
the University of
Oregon, the University of Manitoba and Auckland University. I have taught many different accounting
courses, including advanced accounting, intermediate accounting, personal and
business taxation, financial statement analysis, and masters level managerial
accounting. My undergraduate degree is
in animal psychology from Colorado
State University,
my masters degree is in accounting and finance from the University of Montana
and my Ph.D. is in accounting from the University of Oregon. I am a CPA in the State of Montana and a member of the Oregon Society
of Certified Public Accountants (currently on the Board of the Educational
Foundation).
I
enjoy research. Over the last ten years
I have published over 20 research papers (most recently one received a “Best
Paper” award at a conference held in Wellington). I try to understand the relation between
accounting information and market values (known as capital markets research) in
the areas of corporate equity investments and international accounting. Fun stuff!
Tentative
Schedule
Part I: Consolidated Financial Statements
Week1
Monday Jan 7:
Introduction – lecture Business
Combinations, work in class Exercises 4 and 5 pp 22.
Wednesday Jan 9: Read First Chapter: Business Combinations pages 1-20, prepare answers to Questions 1-5,
Exercises 1&2 and Problem 4
Week 2
Monday Jan 14:
Read Second Chapter: Stock-Investments-Investor
Accounting and Reporting pages 27-50, prepare answers to Second Chapter
Questions 3,4,5,&6, Exercises 1,2,8&13
Wednesday Jan 16: Prepare answers to Second Chapter Problems 5 and
13.
Week 3
Monday Jan 21: No class
Wednesday Jan 23: Read Third Chapter: An Introduction to Consolidated Financial Statements pp 63-86,
prepare answers to Third Chapter Questions 3,4,5,7,8,12,13,14 and, Exercises
1,2,&3
Hand out consolidation project
Week 4
Monday Jan 28:
Prepare answers to Third Chapter Problems 2, 6, 5, 8, & 14
Wednesday Jan 30: Read Fourth Chapter: Consolidation Techniques and Procedures pages 101-114 (up to
Consolidated Statement of Cash Flows).
Prepare answers to Fourth Chapter Questions 1,2,3&7 and Exercises
1&3
Week 5
Monday Feb 4:
Read Fifth Chapter: Intercompany Profit
Transactions pages 147-167. Prepare
answers to Fourth Chapter Problems 1,6,5,8&14.
Wednesday Feb 6: Read Sixth
Chapter: Intercompany Profit Transactions
– Plant Assets pages 185-204. Prepare answers to Fifth Chapter Problems
4,6&7 and Sixth Chapter Problem 3
Week 6
Monday Feb 11:
Read Seventh Chapter: Intercompany Profit
Transactions – Bonds pages 221-234.
Prepare answer to Sixth Chapter Problem 12 on page 218
Wednesday Feb 13: Read Eighth Chapter: Consolidations-Changes in Ownership Interests pages 249-267. Prepare answers to Seventh Chapter Exercises
10,11&12
Friday Feb 15: Consolidation project due
by 12 pm
Week 7
Monday Feb 18:
Review
Wednesday
Feb 20: Consolidations
Exam
Week 8
Part
II: Not-for-Profit Accounting
Monday
Feb 25: Read Ninth Chapter, Introduction
to Accounting for State and Local Governmental Units pages 283-319.
Wednesday Feb 27: Read Tenth Chapter, Accounting for State and Local Government
Units – Governmental Funds pages
319-347. Prepare answers to Ninth
Chapter Exercises 1,2,3,4&5
Hand out Not-for-Profit assignment
Week 9
Monday Mar 3:
Read Eleventh Chapter, Accounting for State
and Local Government Units –
Proprietary and Fiduciary Funds pages 363-380. Prepare answers for Tenth Chapter Exercises
1,2,3,4,5,&6
Wednesday Mar 5: Rob Moody of TKW will speak to the class on his
experiences as a governmental auditor.
Bring two written questions for him.
Make two copies – one to have during his talk and one to hand in for
credit at the beginning of class.
Week 10
Monday Mar 10: Read Twelfth Chapter, Accounting for Not-for-Profit Organizations pages 389-415. Prepare answers for Eleventh Chapter
exercises 1,2,3,4&5.
Friday Mar. 14: NFP assignment due by 12 pm
