Master Syllabus: ACT 6692 2

TROY UNIVERSITY MASTER SYLLABUS SORRELL COLLEGE OF BUSINESS

ACT 6692 Advanced Accounting Problems

Prerequisites

The prerequisite for ACT 6692 is graduate student standing. [Note: To achieve graduate student standing, students must complete all required business program and prerequisites as shown in the current catalog. To achieve graduate student standing in the accounting option, students must complete all required accounting prerequisites.]

Description

2008-2009 Catalog: A consideration of problems relating to pension plans, long-term leasing arrangements, refunding of bonds payable, stock options, allocation of income taxes, changing price levels, cash flow statements, and other financial accounting topics with emphasis on relevant pronouncements by professional organizations and governmental agencies.

2009-2010 Catalog: A study of advanced financial accounting topics with emphasis on relevant pronouncements by professional organizations and governmental agencies.

Course Objectives

Students successfully completing the requirement of this course should:

 Demonstrate an understanding of complex financial accounting topics and pronouncements;  Demonstrate an ability to critically analyze complex financial accounting problems; and  Exhibit a level of problem-solving skill similar to that required for success in professional certification-based positions.

Course Purpose

This course should enhance the students' preparation for the financial accounting and reporting requirements in professional certification-based positions.

Any CPA Exam Review Manual and/or Software (current edition) for the Auditing and Attestation section of the CPA exam.

Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook. The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance. 1 Aug 2005 Master Syllabus: ACT 6692 2

Additional Reference Materials

Currently adopted intermediate, advanced and governmental accounting texts used in prior undergraduate courses.

SUGGESTED COURSE TOPICS (minimum) (Focus should be on concepts covered on the Financial Accounting and Reporting Section of the CPA exam)  Basic theory & Financial Reporting  Inventory  Fixed Assets  Monetary Current Assets & Current Liabilities  Present Value  Bonds  Debt Restructure  Pensions  Leases  Deferred Taxes  Stockholders’ Equity  Investments  Statement of cash Flows  Business Combinations & Consolidations  Derivative Instruments & Hedging Activities  Personal Financial Statements  Interim Reporting  Segment Reporting  Partnership Accounting  Foreign Currency Translation  Governmental  Not-for-Profit  Other appropriate topics as determined by instructor

Troy State University Faculty Handbook (2001): Section 3.8.2.8 [extract]—22 essential elements of the syllabus (somewhat modified for space): a. Course title h. Classroom location n. Grading methods, p. General supports r. Additional services u. Cheating policy b. Course number criterion weights, (computer works, (Americans with v. Specialization c. Term j. Office telephone make-up policy, writing center) Disabilities Act, requirements d. Instructor k. Course description, mid-term grade q. Daily assignments, other statements) (certification, e. Prerequisites objectives reports holidays, add/drop s. Absence policy licensure, teacher f. Office hours l. Text(s) o. Procedure, course & open dates, dead t. Incomplete-work competencies) g. Class days, times m. Other materials requirements day, final exam policy