ACCT 485: International Accounting, Winter 2014-2015 12/2/14 Version

ACCT 485: International Accounting, Winter 2014-2015 12/2/14 version MWF 11:00 AM – 12:15 PM, COBB 219

Instructor: Michael S. Luehlfing PhD, CPA, CMA (a.k.a., Mike lil-fing) Office Address: COBB 307 E-Mail: [email protected] (do not use [email protected]) Telephone: TECH Office 257-3490 (or 2822); Home Office 513-9247 Office Hours: MWF: 12:15-1:15 PM; T/TH 3:00- 6:30 PM; and, by appointment

Course Description: Financial, managerial, auditing, taxation, and regulatory accounting issues and practices for multinational companies domiciled inside and outside the United States.

Course Prerequisite(s): Successful completion of Accounting 202 (and Senior Standing or Instructor’s Consent). All students majoring in Accounting must earn at least a “C” in this course.

Special Accommodations: Qualified students needing testing or classroom accommodations based on a disability are encouraged to make their requests to me at the beginning of the quarter either during office hours or by appointment. Note: Prior to receiving disability accommodations, verification of eligibility from the Testing and Disability Services Office is needed. Disability information is confidential. Information for Testing and Disability Services may be obtained in Wyly Tower 318 or www.latech.edu/ods.

University Accommodations: Please inform the Instructor AS SOON AS POSSIBLE if you are scheduled to participate in any University-Sponsored activities which may conflict with class attendance. Volunteering (etc.) for an activity scheduled at the same time as an exam is not an acceptable excuse (especially when other times are available).

Statement of Non-Discrimination: Louisiana Tech University adheres to the equal opportunity provisions of federal and civil rights laws, and does not discriminate on the basis of race, color, national origin, religion, age, sex, sexual orientation, marital status or disability. The Title IX Coordinator is Carrie Flournoy, President's Office, P. O. Box 3168; phone: (318) 257-3785; E- mail: [email protected] The Section 504 Coordinator is Linda Griffin, 305 Keeney Hall; phone: (318) 257-2445; E-mail: [email protected]

Emergency Notification System (ENS): All Louisiana Tech students are strongly encouraged to enroll and update their contact information in the Emergency Notification System. It takes just a few seconds to ensure you’re able to receive important text and voice alerts in the event of a campus emergency. For more information on the Emergency Notification System, please visit http://www.latech.edu/administration/ens.shtml.

Student Learning Outcomes/Course Objectives/Course Topics: Develop a functional knowledge of international issues and practices with respect to:

1. Financial Reporting Diversity 2. Foreign Currency Transactions and Hedging 3. Translation of Foreign Currency Financial Statements 4. Strategic, Regulatory, Governance and Sustainability Considerations

NOTE: Detail course objectives by chapter are provided in a separate document in Moodle.

Academic Honor Code: In accordance with the Academic Honor Code, students pledge the following: Being a student of higher standards, I pledge to embody the principles of academic integrity. The Louisiana Tech Honor Code can be found at the following website: http://www.latech.edu/documents/honor-code.pdf.

Attendance Requirements: Regular attendance is required in this course. The class attendance policy as stated in the 2014-2015 Louisiana Tech University Bulletin will be followed. Class Continuance During Emergency Closure of the University: In the unlikely occurrence of a major natural disaster or other catastrophic event, we will continue to conduct class via Moodle. You will need to find a location where you have computer access, and we will continue with our class though this media. You may need to go directly to Moodle’s off campus website (URL is http://moodle.latech. edu) should TECH’s system become inoperative. Moodle has considerable redundancy and should maintain its functionality.

Homework: The material covered in this course is cumulative and of a technical, analytical nature. To learn the material adequately the student must study consistently—giving full attention to what is being studied. Homework is an essential part of the learning process. Students should complete worksheet assignments using Excel.

Resources: Textbook: International Accounting, 3rd (or 4th) Edition, Doupnik and Perera (McGraw-Hill Irwi n) 2012 (or 2015); outside reading and research may be required.

Moodle: The syllabus, assignment sheet and other class information will be available on Moodle.

Grade Information (200 total points)

Scale: 90-100 % A; 80-89 % B; 70-79 % C; 60-69 % D; and Below 60% F

Grade: Five exams @ 40 points each = 200 total points; information concerning exam content and format will be provided on Moodle on a timely basis for each exam. NO NOTES, TEXTS, ETC. ARE ALLOWED.

Oral Communications: One (Powerpoint) presentation @ 10 points (topic to be approved in advance by instructor)—see Moodle for additional information. Presentation points earned will be included in your Final Exam grade.

Written Communications: At least 10% of your final grade will be determined from written communications (College of Business requirement). This will be primarily in the form of essay questions on the Final Exam.

Final Exam Essay Questions (Participative Learning/Group Project): During the latter portion of each class, you (and/or your group) will be provided with time to develop your answers to essay questions possibly appearing on the Final Exam. You (and/or your group) may wish to work in the computer lab instead of remaining in the classroom. Please do not ask me to “pre-approve” your answers to the essay questions. However, you may seek the advice of other individuals not enrolled in the course. (Additional information will be posted on Moodle on a timely basis.)

Exams: Exams II, III and IV are cumulative and the Final Exam (a.k.a., Exam V) is comprehensive. You must bri ng your TECH Student Picture ID Cards to each of the five exams as well as the days that I “go over” the graded ex ams.

Make-Up Exams: If you miss EXAM I or Exam IV (but not both EXAM I and EXAM IV), then the average of your other exam scores will be substituted for your missing exam score. If you miss both EXAM I and EXAM IV, then you must take a Comprehensive Make-Up Exam at the end of the quarter (time an d date to be determined by instructor). Similarly, if you miss Exam II and/or Exam III and/or the Final Exam, then you must take a Comprehensive Make-Up Exam at the end of the quarter (time and date to be determined by instructor). If you miss more than (any) two exams, then you will receive an “F” in A CCT 485. There are no “drop exams” (etc.). Note: The number of points assigned to the Comprehens ive Exam will vary proportionately with the number of exams missed. Additionally, the content and for mat of the Comprehensive Exam may vary with the particular exam(s) missed by a particular student.

NOTE: “In the event of a question regarding an exam grade or final grade, it will be the responsibility of the student to retain and present graded materials which have been returned for student possession during the quarter.”

Date Day Chapter/Topic/Activity Primary Assignment/Activity 12/3 W CH 1: Introduction to International Accounting Text and Moodle Questions; Text Cases; Powerpoint Presentation Topic Planning 12/5 F CH 2: Worldwide Accounting Diversity Text and Moodle Questions; Text Cases 12/5 F Beta Alpha Psi CPA CPE DAY Conference Participation (if applicable) 12/8 M CH 3: International Convergence of Financial Text and Moodle Questions; Text Case Reporting 12/10 W Catch-Up/Q&A Be Prepared To Ask Specific Questions 12/12 F Exam I Chapters 1, 2 and 3 12/15 M CH 4: International Financial Reporting Text and Moodle Questions; Text Case Standards: Part I 12/17 W CH 5: International Financial Reporting Text and Moodle Questions; Text Case Standards: Part II 12/19 F CH 6: Comparative Accounting Text and Moodle Questions 1/5 M CH 7: Foreign Currency Transactions and Text and Moodle Questions, Selected Moodle Hedging Foreign Exchange Risk Exercises and Problems; Text Cases 1/7 W Catch-Up/Q&A Be Prepared To Ask Specific Questions 1/9 F Exam II (Cumulative) Chapters 4, 5, 6 and 7 1/12 M CH 8: Translation of Foreign Currency Financial Text and Moodle Questions, Selected Moodle Statements Exercises and Problems; Text Cases 1/14 W CH 9: Additional Financial Reporting Issues Text and Moodle Questions 1/16 F CH 10: Analysis of Foreign Financial Statements Text and Moodle Questions; Text Case 1/16 F Powerpoint Presentation Topic Deadline Powerpoint Presentation Topic Selection 1/19 M Martin Luther King, Jr. Day Martin Luther King, Jr. Day 1/21 W Catch-Up/Q&A Be Prepared To Ask Specific Questions 1/23 F Exam III (Cumulative) Chapters 8, 9, and 10 1/26 M CH 11: International Taxation Text and Moodle Questions; Text Case 1/28 W CH 12: International Transfer Pricing Text and Moodle Questions; Text Cases 1/30 F CH 13: Strategic Accounting Issues in Text and Moodle Questions; Text Cases Multinational Corporations 2/2 M Catch-Up/Q&A Be Prepared To Ask Specific Questions 2/4 W Exam IV (Cumulative) Chapters 11, 12, and 13 2/6 F CH 14: Comparative International Auditing and Text and Moodle Questions; Text Cases Corporate Governance 2/6 F CH 15: International Corporate Social Reporting Text and Moodle Questions 2/9 M Presentations (Attendance Required) See information on Moodle and this syllabus.* 2/11 W Presentations (Attendance Required) See information on Moodle and this syllabus.* 2/13 F Presentations (Attendance Required) See information on Moodle and this syllabus.* 2/16 M Mardi Gras Holiday Be Safe 2/18 W Mardi Gras Holiday Be Safe 2/20 F Presentations (Attendance Required) See information on Moodle and this syllabus.* 2/23 M Presentations (Attendance Required) See information on Moodle and this syllabus.* 2/25 W Presentations (Attendance Required) See information on Moodle and this syllabus.* 2/27 F Final Exam (Comprehensive) Essay Questions (and Presentations Points); See related/additional information on Moodle and this syllabus. 3/2 M Presentations (Attendance Required) See information on Moodle and this syllabus.* *Presenters: Bring copies of Powerpoint handouts to class (for the instructor as well as all students). E-mail your Powerpoint file to the instructor prior to class (i.e., by 10:30 am). Bring “backup Powerpoint file” to class. NOTE: 2/6/15 is the last day to drop/resign with “W” grades. NOTE: The last day to register for Winter Graduation is 12/19/14. Please e-mail the instructor prior to 1/7/15 if you plan to graduate this quarter. Degree Candidate grades are due on FACULTY BOSS by noon on 3/3/15.