Advanced Accounting, 2nd Edition with My Business Course,. Authors: Hamlen,
Huefner and Largay. Publisher: Cambridge Publishers. ISBN: 978-1-61853-005-
...
Fall 2013 ACNT 2379 Mergers, Acquisitions and Investments ACNT 2379 - Section 61502 Registration Number 857018 Course Information: ACNT 2379 is a 3 hour course Instructor Information Michael Joseph Tydlaska Office W-222 Office Telephone: 205.718.7199 Office Fax Telephone: 214.860.8744 Office Hours: Monday 2:30 pm to 4:30 pm Office Hours: Monday 6:00 pm to 7:00 pm Office Hours: Wednesday 1:30 pm to 3:30 pm
Prerequisite: ACNT 1374 or ACNT 2304 Business, Computers, Mathematics & Technical Programs Division 4849 W. Illinois Avenue, W-210 Dallas, Texas 75211 Division Telephone Number: 214.860.8619 Division Fax Number: 214.860.8874
REQUIRED TEXTBOOK AND COURSE MATERIALS Advanced Accounting, 2nd Edition with My Business Course, Authors: Hamlen, Huefner and Largay Publisher: Cambridge Publishers ISBN: 978-1-61853-005-9
COURSE DESCRIPTION Study of accounting for mergers and acquisitions for GAAP and IFRS, the development of consolidated financial statements and related reorganization issues. Topics also include accounting for partnerships.
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STUDENT LEARNING OUTCOMES 1. Properly prepare consolidated financial statements as of the date of acquisition and for periods subsequent to the date of acquisition. 2. Apply the equity method to accounting for investments. 3. Apply the pooling of interest and purchase methods to account for consolidations. 4. Recognize differences between GAAP in the United States and IFRS in segment and interim reporting. 5. Describe the FASB-IASB convergence process and the SEC’s IFRS roadmap. 6. Demonstrate an understanding of foreign currency transactions and foreign currency translation of financial statements. 7. Apply basic concepts for the recording of futures, options and interest rate swaps. 8. Demonstrate an understanding of partnership accounting. 9. Other topics determined by the Professor on record that is deemed pertinent to the course, class, program and/or to the Public Accounting Profession including but not limited to only the Texas State Board of Public Accountancy, American Institute of Public Accountants and others. EVALUATION PROCEDURES Grade Determination will be based on the projected items listed below and any items assigned during the semester. Examinations There will be a comprehensive final exam. The comprehensive final exam is closed book and notes are not permitted. The exams will be administered on Saturday December 7, 2013. The final exam will start at 9:00 AM and end at 1:00 PM. There is not a review or a study guide for the comprehensive exam. Each student must pass the final exam with a minimum of 60% to pass the course with a grade of ‘C’ or higher. The highest grade a student can earn as an overall grade for scoring a 59.99% or lower on the final exam is a ‘D’. A student is not guaranteed a letter grade of ‘C’ or higher for earning the required minimum grade of a 60% on the comprehensive final exam. The overall average including the required minimum grade of a 60% on the final exam must be equal to or greater than a 70%. My Business Course Homework will be assigned using My Business Course for some exercises and problems. You may be given more than one attempt on selected exercises and problems where applicable. The instructions, directions and the number of attempts and any other pertinent information will be stated in the instructions for each assignment. Solutions to My Business Course assignments can be viewed after the due date of the assignment not the date the student submitted the required homework. There is a fee associated with My Business Course which is the responsibility of the student. The failure to purchase the access code for My Business Course will result in an automatic ‘F’ for the course, regardless of other work. Short Cases and Problems Page 2 of 6
In addition to daily homework, students will short cases and problems related to different areas of consolidations, derivatives, partnerships, SEC Accounting and other pertinent topics to analyze a contemporary accounting issue. Knowledge and use of the FASB Codification will be required. Some assignments may have also been developed assuming students are proficient in preparing Excel spreadsheets and the use of its financial functions. We will also use case assignments to explore international accounting issues. Consolidation Project Each student will be required on an individual effort to compile financial data – including journal entries, adjusting entries, intercompany elimination entries, closing entries, the preparation of the Consolidated Income Statement, Consolidated Comprehensive Income, Consolidated Statement of Retain Earnings, Consolidated Statement of Changes in Stockholders Equity, Consolidated Balance Sheet, Consolidated Statement of Cash Flows and the required footnote disclosure and documentation. The project cannot be completed until after the completion of Chapter 6. Foreign Currency Translation Financial Statement Project Each student will be required to prepare journal entries based on foreign currency transactions, journal entries related to futures, options and swaps and then translate the entity from its foreign subsidiary to US GAAP foreign translation financial statements. The project cannot be completed until after Chapter 9. Other Homework Other assignments will consist weekly true/false questions on blackboard, other assignments posted on blackboard, distribution of handouts and any other assignment deemed pertinent to the course. Projected Weight of Assignments Comprehensive Final Exam My Business Course Consolidation Project Foreign Translation Project Short Cases and Problems Other Homework
40% 10% 10% 10% 15% 15%
Grading Scale The grading system will be based on grades earned through the examinations and all other assignments. A (90% +) B (80-89.99%) C (70-79.99%) D (60-69.99%) F (59.99% & below) There is not a grade adjustment in the course. The most likely scenario for final grades will yield no more than 10% to 30% A’s in the course, 20% to 40% B’s in the course and the remaining letter grades of a ‘C’, ‘D’ or ‘F’. Week
Topic
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August 26 September 2
November 25
Special Topics: Statement of Cash Flows Chapter 1: Inter-corporate Investments: An Overview Chapter 1: Inter-corporate Investments: An Overview Chapter 2: Mergers and Acquisitions Chapter 2: Mergers and Acquisition Chapter 3: Consolidated Financial Statements: Date of Acquisition Chapter 3: Consolidated Financial Statements: Date of Acquisition Chapter 4: Consolidated Financial Statements: Subsequent to Acquisition Chapter 5: Consolidated Financial Statements: Outside Interests Chapter 6: Consolidating Financial Statements: Intercompany Financial Transactions Chapter 7: Consolidating Foreign Currency Financial Statements Chapter 8: Foreign Currency Transactions and Hedging Chapter 9: Futures, Options and Interest Rate Swaps Chapter 14: Partnership Accounting and Reporting Special Topics: Sustainability Reporting Basics, Framework and Auditing Considerations Special Topics: Sustainability Reporting Basics, Framework and Auditing Considerations
December 2
Final Exam – Saturday December 9, 2013 (9:00 AM to 1:00 PM)
September 9 September 16 September 23 September 30 October 7 October 14 October 21 October 28 November 4 November 11 November 18
A student may not earn credit for ACNT 2333 and ACNT 2378 completed at Mountain View College or an equivalent course of Advanced Accounting or Mergers, Acquisitions and Investments completed at another college approved by the Texas State Board of Public Accountancy to offer upper division accounting courses. LATE WORK
Any assignment or project that is turned in late will not be accepted. Email Communication Students are required to email the Professor thru ECampus, no exceptions. The Professor will delete any emails sent to him/her sent from a personal email address. The reason being is when a student sends an email thru ECampus, the email tells the Professor what class the student is in and the name of the student.
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Attendance Policy Classroom attendance is important. If you find that you are unable to complete the course, it is your responsibility to withdraw. I am required to take attendance. The last day to drop with a grade of “W” is November 14, 2013. To drop a class or withdraw from the college, students must obtain a drop or withdrawal form from the Registrar's office and follow the prescribed procedure. It is the student's responsibility to drop a class; faculty members cannot initiate the process. Should circumstances prevent a student from appearing in person to withdraw, the student may withdraw through correspondence to the Registrar’s Office. Drop and withdrawal requests are not accepted by telephone. If a student simply quits coming to class and does not drop, a performance grade will be awarded (usually an "F"). Please talk to the instructor before you drop the class to see if there is any other option. Financial Aid Students who are receiving any form of financial aid should check with the Financial Aid Office prior to withdrawing from classes. Withdrawals may affect your eligibility to receive further aid and could cause you to be in a position of repayment for the current semester. Students who fail to attend or participate after the drop date are also subject to this policy. The certification date for the course is September 9, 2013. If you are receiving financial aid – grants or loans, you must be attending classes. Do not drop or stop attending without consulting the Financial Aid Office. Changes in your enrollment level and failing grades may require that you repay financial aid funds. Six Drop Issue STOP BEFORE YOU DROP For students who enrolled in college level courses for the first time in the fall of 2007, Texas Education Code 51.907 limits the number of courses a student may drop. You may drop no more than 6 courses during your entire undergraduate career unless the drop qualifies as an exception. Your campus counseling/advising center will give you more information on the allowable exceptions. Remember that once you have accumulated 6 non-exempt drops, you cannot drop any other courses with a “W”. Therefore, please exercise caution when dropping courses in any Texas public institution of higher learning, including all seven of the Dallas County Community Colleges. For more information, you may access: https://www1.dcccd.edu/coursedrops
Repeating This Course Effective for Fall Semester 2005, the Dallas County Community Colleges will charge additional tuition to students registering the third or subsequent time for a course. This class may be repeated for the third or subsequent time without paying the additional tuition. Third attempts include courses taken at any of the Dallas County Community Colleges since the Fall 2002 semester. More information is available at: https://www1.dcccd.edu/cat0506/ss/oep/third_attempt.cfm.
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The Texas Success Initiative (TSI) The Texas Success Initiative (TSI) is a statewide program designed to ensure that students enrolled in Texas public colleges and universities have the basic academic skills needed to be successful in college-level course work. The TSI requires assessment, remediation (if necessary), and advising of students who attend a public college or university in the state of Texas. The program assesses a student's basic academic skills in reading, writing, and math. Passing the assessment is a prerequisite for enrollment in many college level classes. Students who do not meet assessment standards may complete prerequisite requirements by taking developmental courses in the deficient area and passing them with a grade of C or higher. Additional information is available at https://www1.dcccd.edu/cat0506/admiss/tsi_requirements.cfm Academic Honesty Academic honesty is expected, and integrity is valued in the Dallas County Community Colleges. Scholastic dishonesty is a violation of the Code of Student Conduct. Scholastic dishonesty includes, but is not limited to, cheating on a test, plagiarism, and collusion. As a college student, you are considered a responsible adult. Your enrollment indicates acceptance of the DCCCD Code of Student Conduct published in the DCCCD Catalog. More information is available at https://www1.dcccd.edu/cat0406/ss/code.cfm. ADA Statement If you are a student with a disability and/or special needs who requires accommodations, please contact the college Disability Services Office. For information regarding the rights and responsibilities of students with disabilities, contact DSO at 972-860-8691 (Voice) or 972-860-3651 (TDD) or 214-860-8845 (fax). Religious Holidays Absences for observance of a religious holy day are excused. A student whose absence is excused to observe a religious holy day is allowed to take a make-up examination or complete an assignment within a reasonable time after the absence. Disclaimer Reserving Right to Change Syllabus The instructor reserves the right to amend this syllabus as necessary. Inclement Weather In the event of severe weather conditions, please listen to local radio or television stations for information concerning official closing of Mountain View College facilities. You can also call the information line at 214-860-8680, or check for updates on the Mountain View College website (http://www.mountainviewcollege.edu/1weather.aspx). Decisions for evening classes will be made by 4:00 pm. The closing will be posted as DCCCD, not Mountain View College. http://www.mountainviewcollege.edu/aboutmvc/Pages/severeweather.aspx
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