Advanced Accounting
Course Code:
ACG 4201
Credit Hours:
3
Effective beginning:
2023-24
Sections:
000
Course Description:This course is an in-depth study of financial reporting concepts and generally accepted practice for business combinations, consolidated enterprises, foreign operations, partnerships, non-profit organizations, and government entities. There is also emphasis on analyzing financial events and the consequences of financial reporting alternatives.
Course Details
Prerequisites:
ACG 3111
Required textbooks/ course materials:
Advanced Accounting (with Connect card), 14th ed., Hoyle/Schaefer/Doupnik, McGraw-Hill, 2021. ISBN: 9781260726442.
Assignment/course outline:
See your Instructor First Day Handout for individual instructor assignment schedule.
Discipline-level learning outcomes:
BA-1 Exhibit knowledge of accounting, finance, management, legal, operations and marketing.
BA-2 Identify MIS, economics, technology, statistical data and decision support tools for making effective business decisions.
BA-3 Recognize the impact of today’s global economy, diversity and cultures on businesses.
BA-4 Comprehend how effective leadership, teamwork and ethics relate to best business practices.
BA-5 Use effective oral and written communication skills, including effective research techniques.
Course-level learning outcomes:
Course-level student learning outcomes | Discipline-level learning outcomes | Assessment methods |
---|---|---|
Contrast the three types of accounting for investments in subsidiaries:
|
BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, tests, quizzes |
Propose which type of accounting for subsidiaries should be used in relation to the amount of control the parent has over a subsidiary |
BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, tests, quizzes |
Evaluate which accounts should be eliminated in consolidations of subsidiaries |
BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, tests, quizzes |
Synthesize the processes and application of re-measurement and translation when dealing with foreign subsidiaries |
BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, tests, quizzes |
Propose how basic hedging contracts impact the earning/losses in business and personal finances |
BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, tests, quizzes |
Contrast between Operating leases and Capital leases. Know how to identify and record in financial statements |
BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, tests, quizzes |
Synthesize skills and knowledge related to the characteristics of partnership formation, ownership changes, and liquidation using the applications of: Bonus method with new partner admission; Goodwill method with new partner admission; Lump-Sum liquidations; Installment liquidations and Maximum Loss Absorbable |
BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, tests, quizzes |
Means of accomplishing learning outcomes:
In-Person
The instructor will:
- Lecture and lead class discussions.
- Assign readings from textbooks and/or other sources to supplement lectures.
- Provide supplemental materials that align with the material presented in the textbook as appropriate.
- Design assignments, quizzes, discussions, etc., to help students engage with the course material.
- Use other teaching strategies to assist students in examining and understanding course materials as needed.
- Provide timely feedback on assignments.
- Hold weekly office hours to address questions and student needs outside of class time.
The students will:
- Attend class regularly and be attentive to lectures.
- Engage with class discussion.
- Participate in student discussion groups.
- Read assigned readings.
- Complete assignments, quizzes, discussion boards, etc., as assigned by the instructor.
Online
The instructor will:
- Lead class discussions.
- Assign textbook and/or other readings.
- Provide supplemental materials that align with the material presented in the textbook as appropriate.
- Design assignments, quizzes, discussions, etc., to help students engage with the course material.
- Use other teaching strategies to assist students in examining and understanding course materials as needed.
- Provide timely feedback on assignments.
- Hold weekly virtual office hours to address questions and student needs.
The students will:
- Engage with the course regularly.
- Engage with class discussions.
- Participate in student discussion groups.
- Read assigned readings.
- Complete assignments, quizzes, discussion boards, etc. as assigned by instructor.
College-wide policies and resources
For more specific information on Chipola's college-wide academic policies and resources available to students, visit the link below.
Policies & Resources