YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES DEPARTMENT OF ACCOUNTING COURSE OUTLINE General Information Course Title Advanced Accounting Information Systems Course Code ACC 671 Academic Year/ Semester First Semester 2017/2018 Course Credits 3 Credit Hours Instructor Dr. Mahmoud Aleqab Office Number A318 Office Hours Thursday : 03:00 - 06:00 E-mail [email protected] Office Phone No Ext . 6380 Course Objective This course is designed to develop accounting master students with new issues related Accounting Information Systems and update master accounting students with research hot topics related to accounting information systems and focus on the accountant's role in promoting and achieving the strategic goals of an organization. 1 Course Description This course covers the definition of accounting information systems, their role in promoting and achieving the strategic goals of the organization, analysis, design and development of accounting information systems, systems documentation, databases, internal control systems, security and protection of accounting information systems in light of E-commerce and Internet. Intended Learning Outcomes (ILOs): Upon successful completion of this course, students should be / able to: Identify and explain the functions and objectives of accounting information systems. Recognize the principles and characteristics of the elements of a good accounting information system. Analyze and design accounting information systems that commensurate with the nature of the entity’s business activities, and the accounting and financial reporting standards established. Use flowcharts to document the flow of accounting information systems data. Determine the risks and threats facing the accounting information systems and propose appropriate strategies to address them. Familiar with contemporary developments in the field of accounting information systems. Develop analytical skills and critical thinking through case studies. Enhance computer skills through the duties and case studies that require the use of spreadsheets and Word programs. Develop skills to work as a member within a team. Develop effective oral and written communicate skills through the preparation and presentation of reports. Explain basic control concepts and explain why computer control and security are important. Compare and contrast the COBIT, COSO, ERM control frameworks. Identify the six objectives of an information system audit, and describe how the risk-based audit approach can be used to accomplish these objectives. Describe computer audit software, and explain how it used in the audit of AIS. Explain the importance of system development planning and describe planning techniques. Discuss the key issues and steps in system analysis. Discuss the various types of feasibility analysis and calculate economic feasibility. 2 Required Textbook Marshall B. Romney and Paul John Steinbart, “Accounting Information Systems”, 13th edition, Pearson Education Limited, 2015. Course Contents Weeks Chapter Content Allocated 1 Accounting Information Systems: An Overview 1 2 Overview of Transaction Processing and Enterprise Resource 1 Planning Systems 3 Systems Documentation Techniques 2 4 Relational Databases 1 12 The Revenue Cycle: Sales to Cash Collections 2 13 The Expenditure Cycle: Purchasing to Cash Disbursements 2 14 The Production Cycle 2 7 Control and Accounting Information Systems 1 11 Auditing Computer-Based information Systems 1 20 Introduction to System Development and System Analysis 1 Course Assessment Type of Assessment Weight Suggested Date Mid-term Exam 30% To be decided later (3– 6 pm) Project 15% At the end of the semester Participation, presentation and During semester 10% assignments During semester Attendance 5% Final exam 50% To be decided later (3– 6 pm) Total 100% 3 University Regulations: A. Attendance, Participation & Assignments Policies Regular class attendance and class participation are necessary for successful completion of the course. A student whose absence exceeds (15%) of lectures will be dismissed according to the university's regulations. Attendance will directly be considered in the determination of the participation mark, it will be used to influence the grade in marginal situations. Absence from any exam without a valid excuse will be recorded as zero. You have the responsibility to contribute toward the learning, expected contributions include preparing the topics, arriving to class with assignments completed to the best of your ability, entering into class discussion and posing questions about course material you do not adequately understand. Assignments are to be submitted next lecture from which they are given. You are expected to be in the classroom on time. If it is necessary for you to arrive up to 5-minutes-late to class, please enter the room quietly to minimize disruption. However, 3 times of late arrivals are considered ONE absence for record purposes. If you are absent from a class session, it is your responsibility to become fully familiar with any information presented during that session. In this case, I recommend that you contact me. B. Withdrawal from Courses A student may withdraw from a course, as long as the academic load does not fall below 6 credits for a full time student. There are exceptional cases in which a full time student may carry less than 6 credit hours. You should refer to the university academic calendar to check the deadline date for withdrawal from a course. C. Academic Integrity Students are expected to do their academic work without unauthorized help of any kind. Cheating, plagiarism or any other proven academic irregularity must be reported by the faculty member concerned to the Academic Disciplinary Committee for appropriate action. GOOD LUCK 4 YARMOUKUNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES DEPARTMENT OF ACCOUNTING COURSE OUTLINE General Information Course Title Advanced Financial Accounting CourseCode ACC601 Academic Year/ First semester, 2018/2019 Semester Course Credits 3 Credit Hours Course Coordinator Salah AldainAlshorman Office Number A 234 Office Hours Sunday, Tuesday and Thursday: 11:00 - 12:00 Or by appointment E-mail [email protected] Office Phone No 6734 Course Objective Welcome to Advanced Accounting ACC601. This course aims to address the practical financial reporting problems encountered in consolidated financial statements, goodwill, other intangible assets, and derivative securities. The course also includes coverage of foreign currency transactions and translations.The knowledge gained will assist you in building your skills, so you could be able to prepare or analyze consolidated financial statements, and account for derivative securities. Topics include: an introduction to business combinations; consolidation at acquisition; consolidation subsequent to acquisition; consolidation and intercompany profit in inventory, land, and depreciable assets; foreign currency transactions; translation and consolidation of international 5 operations. We hope you find that learning journey is interesting, enjoyable and rewarding. Intended Learning Outcomes (ILOs): Upon successful completion of this course, students would beable to: Understand the economicmotivations underlyingbusiness combinations. Learn about alternativeforms of businesscombinations, from both the legal and accountingperspectives. Introduce accountingconcepts for business combinations, emphasizingthe acquisition method. Apply the fair value and equity methods of accounting for stock investments. Apply consolidation concepts to parent company recording of an investmentin a subsidiary company at the date of acquisition. Prepare consolidated balance sheets subsequent to the acquisition date, including preparation of eliminating entries. Prepare consolidation work-paper for the year of acquisition when the parentuses the complete equitymethod to account for itsinvestment in a subsidiary Prepare consolidationwork-paper for the yearssubsequent to acquisition. Understand and apply the impactof intercompany profit ininventories, land, and depreciable assets on preparingconsolidation work-papers. Understand key concept related to foreign currencyexchange rates, such asindirect and direct quotes;floating, fixed, and multipleexchange rates; and spot,current, and historicalexchange rates. Understand how functionalcurrency assignmentdetermines the way theforeign entity’s financialstatements are convertedinto its parent’s reportingcurrency. 6 Required Textbook Joe Ben Hoyle; Thomas F Schaefer; Timothy S Doupnik, “Advanced Accounting", 12th Edition, McGraw-Hill Education., 2015. Floyd A. Beams , Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith , “Advanced Accounting", 11th Edition, Prentice Hall, 2012 Course Contents Week Content 1 Chapter one: The Equity Method of Accounting forInvestments 2 Chapter Two: Consolidation of FinancialInformation 3 Benston, G. J., &Hartgraves, A. L. (2002). Enron: what happened and what we can learn from it. Journal of Accounting and Public Policy, 21(2), 105-127. Hayward, M. L., & Hambrick, D. C. (1997). Explaining the premiums paid for large acquisitions: Evidence of CEO hubris. Administrative science quarterly, 103-127. Chen, G., Crossland, C., & Huang, S. (2016). Female board representation and corporate acquisition intensity. Strategic Management Journal, 37(2), 303-313. 3 Chapter Three: Consolidations—Subsequent to the Dateof Acquisition 4 Rahman, R. A., &Limmack, R. J. (2004). Corporate acquisitions