ACG4201

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

 

Instructors:

Lisa Porter
porterl@chipola.edu

 

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 outcomesDiscipline-level learning outcomesAssessment methods
Contrast the three types of accounting for investments in subsidiaries:
  • Cost
  • Simple Equity
  • Sophisticated Equity

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.

 

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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.

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