1.

Course Syllabus2.College College of Business Administration Department Department of Accounting, Finance, and EconomicsCourse No 0301410Course Title Advanced Financial Accounting (Fall 2011-2012)Faculty Dr. Sawsan HalbouniOffice W5- 135 M5- 125Room Admission & Registration 102Tel 06-5053552 Email Sawsanhalb@sharjah.ac.aeOffice Hours M5 12:15-113:15 Mon & Wed. & by appointment

W5 12:00 - 12:50 Sun. Mo. Tue & Wed. & by appointmentClass Time Section (11) 10:00 -10:50 M10, 101 Su.Tu.&Th.

Course prerequisites: 0301322 –Financial Reporting II. 1. Course overview

This course examines the theory and practice of accounting for inter-corporate investments, business combinations, consolidation of financial statements, foreign currency translation, segment and interim reporting.

2. Course Goals:

Course Goals Relationship to Program Goal

1. To differentiate business combination accounting, consolidated financial statements and inter-company profit transactions.

1

2. To appraise foreign currency concepts and translation of foreign currency financial statements.

1

3. To rate complex matters involved in international accounting, segment, interim reporting, solvency and bankruptcy issues.

1,4

3. Course Learning Outcomes:

Course Outcomes Relationship to Program Outcomes

A. Evaluate the different concepts related to business combination accounting, consolidated financial statements and inter-company profit transactions.

1.3, 4.1

B. Assess the foreign currency concepts and translation of foreign currency financial statements.

1.3, 4.1

C. Appraise the meaning of different accounting techniques related to segment, interim reporting, and solvency and bankruptcy issues.

1.3, 4.1, 4.3

Course Goal Course OutcomesA B C

1. 2. 3.

Learning Resources

Prescribed textbooks

Advanced Accounting, 4th edition by Debra, C. Jeter and Paul K. Chaney. 2011. (Wiely- International Editions) ISBN: 978-0-47-55308-4

Blackboard Resources

Students enrolled in this course will give you access to a variety of internet resources, including course material your lecturer will be posting on blackboard. Students are strongly advised to access course material posted on Blackboard for their learning. Course outline, PowerPoint slides, assignments, marks, and other materials will be made available through Blackboard on the Internet. Progressive course grades will also be made available on blackboard for students to view.

Other Resources/References

1. Your main textbook provides a range of additional references. These appear at the end of each chapter. You are encouraged to try and access these, if/when available.

2. The library has a collection of books and monographs on Financial Accounting. You may refer to any of them at your convenience.

3. You may also access the Pearson website for students support resources. Your lecturer will give you further advice on that at the start of the course

4. You are also encouraged to access other online resources available on the World Wide Web, and any online journal (relevant to the course) that the library may allow you to access.

5. Periodicals and Newspapers are also a good source of additional information. Some of these can be accessed via the library.

Course Assessments

There are three types of assessment in this course. All parts are compulsory. First Midterm Exam …………….… 20% October 23rd , 2011] Second Midterm Exam.............10% November 20th , 2011] Course Work ……………….…........30% [See Course outline) Final exam (closed book)….......40% [31 Dec. – 11 Jan, 2012]

A student’s final grade will be based on aggregated assessment and final exam results. Students will be graded on the basis of the following scale:

90-100 A85-89 B+80-84 B75-79 C+70-74 C65-69 D+60-64 DLess than 60 F

Important Rules

Class Attendance: Students are expected to attend all classes. Failure to do so may have implications on their results. In monitoring class attendance, the university policy on class attendance will be implemented. This is stated in the University of Sharjah catalogue and official pronouncements/policies.

Written Homework and Exam Papers: Students must complete all assessments in order to pass the course. All course-wok submissions will be marked and returned to you, with your lecturer’s feedback based on the criteria for each assessment. You are reminded that it is your responsibility to keep a copy of all your submitted assignments. This included all marked assignments returned to you as well as the marked exam paper. You will be required to produce these in order to review your marks or grade, if required.

Assignment submission and marking rules1 Submission format of Assignments : All assignments are to be submitted either in

hardcopy or electronically through blackboard. Your lecturer will give you further

advice/instructions on these options. A copy of the Standard (College/Course) Assignment Attachment Sheet must be completed and attached with each assignment submitted. This sheet will be made available to you either online or in printed format. For hardcopy submissions: A printed copy of the sheet must be attached to the submission form.

2 Return of marked assignments and requests for reviews : Assignments must be submitted on time. Unjustified late submissions will attract penalties. Your assignment will be marked, commented upon and despatched back to you within a reasonable time. Please note that before results are returned to you, your lecturer will have applied methods to ensure that the standards by which your work has been assessed are the same for all students enrolled in the course. This information will be provided to you in class, at the start of the course.

3 Special Consideration: If you consider that your assessment was or is likely to be adversely affected by serious and exceptional circumstances beyond your control, you may apply for special consideration. Grounds can be medical, compassionate or hardship/trauma. If you are encountering problems that prevent you from submitting your assignments on time, you should let your lecturer know or write a letter to the relevant authority of the College. Applications for special consideration must be made no later than three days after the due date of the assessment task. They are referred to the relevant course chair or nominee for determination and the outcome is notified within 10 working days of the application or before publication of final results for the course.

4 Proper Referencing and Plagiarism : All submitted assignments are expected to be properly referenced. Plagiarised assignments will be penalised. Plagiarism is the copying of another person’s ideas or expressions without appropriate acknowledgment and presenting these ideas or forms of expression as your own. Plagiarism includes copying any material from books, journals study notes or tapes, the web, the work of other students, or any other source without indicating this by quotation marks or by indentation, italics or spacing and without acknowledging that source by footnote or citation. Plagiarism also includes the use of the work of other students as your own without acknowledgment. The College and University regard plagiarism as an extremely serious academic offence and will impose penalties.

5 Assessment Tool

1 Classroom Performance Assessment . 9 Group Focus.

2 Capstone Courses. 10 Peer Evaluation.

3 Standardized Exam. 11 Graduating Seniors Surveys.

4 Course Locally Prepared Exam . 12 Alumni Surveys.

5 Exit Exam . 13 Employers Surveys.

6 Internship Surveys. 14 Case Study.

7 Student Portfolio Evaluation . 15 Field Report.

8 Course File/Internship.

Course Planner (We Course Planner (Weekly Schedule)

Week Lecture topics Textbook Chapter/Readings

AssessmentTool

- Add and Drop Period Brief Introduction to the

CourseCourse SyllabusAnd Chapter 1

1&2 Introduction to Business Combinations and the Conceptual Framework

Practice ProblemsE 1-1

AssignmentsE 1-2

Chapter 1 1,4

3&4 Accounting for Business

combinations Practice ProblemsE 2-1, E 2-2, P 2-1

AssignmentsE 2-3, E 2-4, P 2-2, , P 2-3

Chapter 2 1,4

4&5&6 Consolidated of Financial Statement-Data of Acquisition.

Practice ProblemsEx.3 -1, Ex.3 -3P 3-1, P3-3Assignments

Chapter 3 1,4

P 3-6 & 3-9 First Midterm Exam

7&8&9 Consolidated Financial

Statements after AcquisitionPractice ProblemsE 4-2 & E 4-5 P 4-2

AssignmentsE 4-3P4-4, P4-6

Chapter 4 1,4

Second Midterm Exam

10&11 Allocation and Depreciation

of Differences Between Implied and Book Values

Practice ProblemsE 5-12- & E 5-15 P 5-5

AssignmentsE 5-13- & E 5-14 P 5-9, P 5-10

Chapter 5 1,4

12&13 Elimination of Unrelated

Profit on Intercompany Sales of Inventory

Practice ProblemsP 6-4, 6-11AssignmentsP6-5 & P6-7

Chapter 6 1,4

Review and catch-up (Last lecture)

Final Examination period December, 31st 2011 – January, 9th, 2012