Advanced Accounting_en

Text:

Debra C. Jeter, Paul K. Chaney, ADVANCED ACCOUNTING, John Wiley & Sons, Inc., New York, NY, USA, 3^rd. Edition, 2008.

TextSite: http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0470087366&bcsId=3799

Class:

Male: Mon. 14:00–15:00, Tue. 10:00-11:00, Sat. 10:00-11:00, Rm.: K3-106

Female: Mon. 14:00–15:00, Tue. 10:00-11:00, Sat. 10:00-11:00, Rm.: K3-106

Instructor:

eMad eBrahem AbuShaaban

MSA, Master of Science in Accounting /USA

MMD, Master in Management Development /SPAIN

Dissertation Phase, Ph. D in Accounting /EGYPT

Office Hours: Sun. 11:00–12:00, 13:00-14:00, Thu. 12:00-14:00

By Appointment, Cellular: (059) 9 885 448

Email: emad.abushaaban@gmail.com

Website: http://sites.google.com/site/emadabushaaban/home

Objective:

This course introduces to business combinations and the conceptual framework, it explains accounting for business combination, it discusses consolidated financial statements-date of acquisition, and consolidated financial statements-after acquisition, it covers allocation and depreciation of differences between implied and book values, it explains elimination of unrealized profit on inter-company sales of inventory, it illustrates partnership Formation, Operation, and Ownership Changes, Finally, it Explains Partnership Liquidation process.

Grading Scale:

Assignment 10%, Participation in Class 10%, Midterm 10%, and Final Exam 50%.

Examination questions are tested for validity. If 60% or more of those who respond to a question give an incorrect answer, that question (or part of a question) will be invalidated and the basis of the examination adjusted; equivalent extra credit is added to the score of those students who answer the question correctly.

Assignment:

For full credit, assignments must be submitted at the beginning of class on the date due. Late assignments are accepted until (1) they are discussed in class or (2) the start of class on Jun. 14. Grades on assignments are reduced proportionate to the extent that they are late.

Class Format:

Lecture, class discussion, solving problems, term papers presentation.

Groups:

Group study and discussion outside of class is encouraged. Group work on assigned exercises and problems from the text is acceptable only if each student submits his or her own copy of the assignment (reproductions are not acceptable). The assignments must be the work of each individual student.

Assignments & Projects: All Assignment are due within 2 weeks after ending chapter.

Calendar/

Week #: 1

Chapter 1: Introduction to Business Combination and the Conceptual Framework

Presentations:

1. Opening Chapter, pp1

2. In The News Harvesting

3. Business Combinations: Historical Perspective, pp10

4. Excess Earnings Approach to Estimating Goodwill, pp22

5. Link The Conceptual Framework to Advanced Accounting Issues, pp32

6. Distinguishing Between Earnings and Comprehensive Income, pp32

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11, Q13, Q15

2. Business Ethics

3. E1-1, E1-3

4. P1-1, P1-2, P1-3, P1-4

Week #: 2

Chapter 2: Accounting for Business Combinations

Presentations:

1. In The News Harvesting

Assignments:

1. Q1, Q3, Q5

2. Business Ethics

3. E2-1, E2-3, E2-5, E2-7, E2-9, E2-11, E2-13

4. P2-1, P2-3, P2-5, P2-7

Week #: 3

Wrap-up and Assignment Solving

Week #: 4

Chapter 3: Consolidated Financial Statements-Date of Acquisition

Presentations:

1. In The News Harvesting

Assignments:

1. Q1, Q3, Q5, Q7, Q9

2. Business Ethics

3. E3-1, E3-3, E3-5, E3-7, E3-9, E3-11

4. P3-1, P3-3, P3-5, P3-7, P3-9

Week #: 5

Wrap-up and Assignment Solving

Week #: 6

MID-Exam

Week #: 7

Chapter 4: Consolidated Financial Statements-After Acquisition

Presentations:

1. In The News Harvesting

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11, Q13, Q15

2. Business Ethics

3. E4-1, E4-3, E4-5, E4-7, E4-9, E4-11, E4-13, E4-15

4. P4-1, P4-3, P4-5, P4-7, P4-9, P4-11, P4-13, P4-15, P4-17, p4-19

Week #: 8

Wrap-up and Assignment Solving

Week #: 9

Chapter 5: Allocation and Depreciation of Differences Between Implied and Book Value

Presentations:

1. In The News Harvesting

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11, Q13, Q15

2. Business Ethics

3. E5-1, E5-3, E5-5, E5-7, E5-9, E5-11, E5-13, E5-15

4. P5-1, P5-3, P5-5, P5-7, P5-9, P5-11, P5-13, P5-15, 5-P17

Week #: 10

Wrap-up and Assignment Solving

Week #: 11

Chapter 6: Elimination of Unrealized Profit on Intercompany Sales of Inventory

Presentations:

1. In The News Harvesting

Assignments:

1. Q1, Q3, Q5, Q7, Q9

2. Business Ethics

3. E6-1, E6-3, E6-5, E6-7, E6-9

4. P6-1, P6-3, P6-5, P6-7, P6-9, P6-11, P6-13, P6-15, P6-17

Week #: 12

Wrap-up and Assignment Solving

Week #: 13

Chapter 15: Partnership: Formation, Operation, and Ownership Changes

Presentations:

1. In The News Harvesting

2. Exposure Draft Outstanding

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. E15-1, E15-3, E15-5, E15-7, E15-9, E15-11

3. P15-2, P15-3, P15-5, P15-7, P15-9

Week #: 14

Wrap-up and Assignment Solving

Week #: 15

Chapter 16: Partnership Liquidation

Presentations:

1. In The News Harvesting

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11, Q13

2. E16-1, E16-3, E16-5, E16-7, E16-9

3. P16-1, P16-3, P16-5, P16-7

Week #: 16

Final Exam

Last date for … Late Assignments

GOOD LUCK