ST. GREGORY’S UNIVERSITY

ST. Gregory’s UNIVERSITY

COURSE SYLLABUS for Fall 2000

COURSE	Topics in Accounting, Section 3423-1
TIME/LOCATION	Directed Study with weekly meetings
PREREQUISITE	Junior standing and permission of instructor
INSTRUCTOR	Mayda Shorney, Ph.D., CPA, 405.214.6449, shorney@aol.com
OFFICE	Room 442a, Extension 5159
HOURS	TBD

COURSE DESCRIPTION FROM COLLEGE CATALOG:

A selected topic in accounting is subjected to intense study from a practical and theoretical viewpoint. Examples include Payroll Accounting, and Advanced Accounting, and International Accounting. Topics are chosen based on the interests of the students and the instructor. Course may be offered for one to three credit hours.

OBJECTIVES:

This course has been structured so each student will be able to:

Understand the basic principles of accounting for business combinations, the equity and cost methods of accounting for investments in common stock, and the preparation of consolidated financial statements.

Analyze, record, and report foreign currency transactions including foreign currency financial statement translation and preparation.

Record, classify, and summarize transactions for firms organized as partnerships.

Account for corporate reorganizations under the bankruptcy code.

Prepare accounting solutions for problem solving and decision making using spreadsheet and word processing software.

These objectives can only be achieved through joint effort. I will work to stimulate your interest and learning in these areas, but you will be expected to display initiative and a program of self-study as well. In that sense, a complementary objective of the course is to provide you with an environment that will encourage and reward your own intellectual effort, while simultaneously maintaining rigorous standards that identify those who are motivated to pursue excellence in their own educational preparation for a business career.

ACADEMIC HONESTY

Students are advised that cheating and plagiarism are not tolerated at St. Gregory’s University. Students are expected to abide by the University's academic regulations and policy and are responsible for awareness of the University's definition of these activities. The consequences of violating the academic honesty standard may include a grade of "0" on the assignment/exam, a grade of "F" in the course, and, possibly, expulsion from the University.

TOPIC COVERAGE

The following indicates the relative importance of the various topics covered:

Business combinations and stock investments	22%
Consolidated financial statement preparation	56%
Foreign currency transactions and consolidated statement preparation	8%
Partnership accounting	7%
Corporate reorganizations	7%

REQUIRED TEXT AND SUPPLEMENTAL MATERIALS TO BE PURCHASED BY STUDENT:

Advanced Accounting, Floyd A. Beams, John A. Brozovsky, Craig D. Shoulders, 7^th Edition, Prentice Hall, 2000.

METHODS OF ASSESSMENT AND STUDENT EVALUATION

Examination 1	Chapters 1 - 3	Week of September 18^th	25%
Examination 2	Chapters 4 - 6	Week of October 16^th	25
Examination 3	Parts of Chapters 4, 6, 7, 13, 14, 16, 17, 18	Week of November 17^th	25
Homework	From Chapters 1 - 7, 13 - 14, 16 - 18	Due each session	15
Participation	Re: Current events, homework, and textbook	Expected each session	10
Total			100%

EXAMINATIONS

If any exam question is left unanswered, the value of that question will be subtracted from the exam score. If only the answer is given (i.e., no work showing how that answer was determined), the question will be graded at 50% of its value. Being prepared and present for the exams is your responsibility. If an exam is missed, your total points possible will be adjusted accordingly.

RECOMMENDED STUDY TIME

It is generally recognized that the average three semester hour course requires a minimum of at least six hours of study each week. However, accounting courses require more study time than many other college courses. The recommended study time in this course is approximately 8 to 12 hours per week.

COURSE OUTLINE

The schedule is flexible. It is not possible for an instructor to cover all the course material without student independent study. As students are interested in a particular topic or as test scores warrant, more time will be spent on a topic. Homework serves as a focus of class discussion, and is to be e-mailed to the instructor prior to the start of class. Late homework will not be accepted.

Week	Ch.	Topic	Pages	Assignments
08/21		Introduction to course
08/28	1	Business Combinations	1-22	E1-8 (E), E1-10 (E), P1-1 (E)
09/04	2	Stock Investments—Investor Accounting and Reporting	37-47, 51-52	E2-2 (W), E2-13 (WE), P2-2 (E)
09/11	3	An Introduction to Consolidated Financial Statements	67-84	P3-6 (WE), P3-9 (WE), P3-11 (WE)
09/18		Exam 01
09/25	4	Consolidation Techniques and Procedures	106-113, 126-131	P4-3 (WE), P4-5 (WE)
10/02	5	Intercompany Profit Transactions—Inventories	160-171, 174-177	E5-5 (E), P5-10 (WE), P5-11 (WE)
10/09	6	Intercompany Profit Transactions—Plant Assets	205-209, 210-213	P6-4 (WE), P6-5 (WE)
10/16		Exam 02
10/23	6	Intercompany Profit Transactions—Plant Assets	205-208, 210-213	P6-6 (WE)
	7	Intercompany Profit Transactions—Bonds	245-254	P7-4 (WE)
	13	Foreign Currency Concepts and Transactions	487-496	E13-3 (E)
10/30	14	Foreign Currency Financial Statements	524-531	P14-12 (WE)
	4	Consolidation Techniques and Procedures	134-137	P4-19 (E)
11/06	16	Partnerships—Formation, Operations, and Changes in Ownership Interests	619-621, 599-600, 615-618	E16-21 (E)
11/13	17	Dissolution and Liquidation of a Partnership	645-649	HP17-1 (E)
11/20	18	Corporate Liquidations, Reorganizations, and Debt Restructurings for Financially Distressed Corporations	691-702	P18-9 (E)
11/27		Exam 03

Homework is to be completed using Microsoft Word (W) and/or Microsoft Excel (E).