AIM 6333.

501 FALL 2005

ADVANCED FINANCIAL REPORTING

ADVANCED FINANCIAL REPORTING

AIM 6333.501 FALL 2005
Class Meeting Instructor
Tuesday 7:00 p.m.- 9:45 p.m., SOM 2.103 Sharmila McDonald, CPA – SOM 4.224

Office Hours: Tuesday 5:45 p.m. – 6:45 p.m. Email: sharmila.mcdonald@utdallas.edu

or by appointment Phone: (214) 228-3611

COURSE OBJECTIVES:
The course continues the emphasis on advanced accounting concepts and theory. At the conclusion of this course, you
should have thorough knowledge of the appropriate financial statement presentation of these concepts, including the
rationale behind relevant standards. If you are planning to sit for the CPA exam, Issues in Financial Accounting as a
whole, is highly tested and roughly comprises 55-60% of the Financial Accounting and Reporting section.
REQUIRED COURSE MATERIAL AND CAPABILITIES:
Advanced Accounting by Hoyle, Schaefer, and Doupnik, 7th Edition, McGraw Hill
(Internet access: http://www.mhhe.com/business/accounting/hoyle7e/)
It is expected that students will have a reasonable understanding of financial accounting and a working knowledge of
Microsoft Excel.
COURSE REQUIREMENTS & GRADING:
Advance preparation and participation in class discussions is an important part of the learning experience in this course.
Attendance Policy
There is a direct relationship between attendance at every class and successful completion of the course. Assignment
changes and announcements may be made in class, and students are responsible for these, irrespective of attendance
or nonattendance at the time of announcement.
Reading Assignments and Problems
Text chapter reading assignments and homework problems are indicated on the attached schedule. Supplemental
materials may be provided as well. Chapter reading assignments should be completed in a timely manner. All efforts
will be put forward to cover each chapter in a detailed manner. However, because of the quantity of material to be
covered, an in depth study of each chapter is impossible. It is the responsibility of the student to cover any portions not
fully explained in class unless otherwise advised. Work as many of the homework proble ms as you can. Your problems
will not be graded. However, to receive maximum benefit from class, homework assignments should be completed soon
after the class.
Guidelines for Written Assignments
A combination of analysis, research, and communication cases will be assigned. Written assignments will be due at the
beginning of class on the date assigned. The body of each written assignment should comply with the page length
guidelines specified for the assignment. The manuscript should use 11-12 point type, double-spaced, with 1” margins all
around. Number the pages and put the course number and your name at the top of each page. If you submit a paper by
email, the file name should identify the course, assignment number, and your name. For example, “AIM
6333_Ch 19_Analysis_JSmith.doc” would identify John Smith’s Analysis for Chapter 19. Please note specific
requirements, such as length, for each assignment will be provided in class. Thus, class attendance is imperative
because points will be taken off if the specific requirements are not met.
Effective written and oral communications are critically important in the business world. It is equally important that
students "put their best foot forward" in classroom presentations and written assignments. Poor organization,
convoluted sentence structures, incorrect grammar, and misspelled words have no place in effective communications
and will be considered in the evaluation of your work and ideas.

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 AIM 6333.501 FALL 2005
ADVANCED FINANCIAL REPORTING

Guidelines for Excel Spreadsheets

Excel spreadsheet templates are located at http://highered.mcgraw-hill.com/sites/0072523514/student_view0/. Click on
the chapter, and then click on Excel Template Assignments. Spreadsheets will be due via email before the beginning of
class on the date assigned. They must be emailed by the scheduled time. The file name should identify the course,
assignment number, and your name. For example, “AIM 6333_Ch2_Prob26_JSmith.doc” would identify John Smith’s
Problem 26 for Chapter 2. I will acknowledge the receipt of your email and will correct your work at a later time. If you
do not receive my acknowledgement, assume your email has not reached me and take the necessary steps to contact
me.
Examinations
There will be two regular closed book examinations, each covering the chapters as indicated in the course outline. Each
test is a combination of multiple choice questions and problems. Partial credit is given for well-labeled steps and
computations, even if the conclusion reached is incorrect. However, you must leave a clear paper trail of your thought
processes and understanding for me to follow. Please bring a Scantron form 882-E at each examination. No scratch
paper is allowed in the examination.

Grading

Scale (minimu m values): A = 270, B = 240, C = 210, etc.

Two examinations @ 100 points each 200

Five Research Cases @ 10 points each 50
One Analysis Case @ 10 points 10
One Communication Case @10 points 10
Three Electronic spreadsheets @ 10 points each 30
Total points 300

ACADEMIC ETHICS AND AMERICANS WITH DISABILITIES ACT COMPLIANCE:

All students are expected to behave in accordance with the academic integrity policy of The University of Texas at
Dallas. A student’s personal integrity will be essential to successfully completing this course.
It is the policy of The University of Texas at Dallas to provide reasonable accommodations for qualified individuals
who are students with disabilities. This University will adhere to all applicable Federal, State, and local laws,
regulations and guidelines with respect to providing reasonable accommodations as required to afford equal educational
opportunity. It is the student’s responsibility to contact the faculty member and/or the Service for Students with
Disabilities in a timely manner to arrange for appropriate accommodations.

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 AIM 6333.501 FALL 2005
ADVANCED FINANCIAL REPORTING

COURSE OUTLINE:

DATE CHAPTER TOPIC(S) HOMEWORK AND ASSIGNMENT(S)

8/23/05 Introduction to the course Ch.1 Problems: 1-11 , 13, 20, 23, 24
Chapter 1: The Equity Method of Accounting for Investments

8/30/05 Chapter 2: Consolidation of Financial Information Ch.2 Problems: 11, 14-17, 19, 25, 35
Spreadsheet Assignment-
Ch. 2 Problem 26 due 9/6
9/6/05 Chapter 3: Consolidations- Subsequent to the Date of Ch.3 Problems: 3-5, 8, 12
Acquisition Ch. 3 FARS Research Case due 9/13
Spreadsheet Assignment-
Ch. 2 Problem 26 due before class

9/13/05 Chapter 4: Consolidated Financial Statements and Outside Ch.4 Problems: 4, 5, 12-14, 20, 21, 28
Ownership Spreadsheet Assignment-
Chapter 5: Consolidated Financial Statements- Intercompany Ch. 4 Problem 34 due 9/20
Asset Transactions
Ch.5 Problems: 4, 5, 7, 11, 12, 14, 15, 21
Ch. 3 FARS Research Case due before class

9/20/05 Chapter 6: Variable Interest Entities, Intercompany Debt, Ch.6 Problems: 4, 6, 7, 10, 17, 24, 30
Consolidated Statement of Cash Flows, and
Other Issues
Spreadsheet Assignment-
Ch. 4 Problem 34 due before class

9/27/05 Chapter 7: Consolidated Financial Statements- Ownership
Patterns and Income Taxes
Chapter 8: Segment and Interim Reporting
10/4/05 Chapter 8 (continued): Segment and Interim Reporting
Chapter 12: Financial Reporting and the Securities and
Exchange Commission
Ch.7 Problems: 8, 10-12, 13, 15, 23
Ch.8 Problems: 7, 12, 13, 15, 18, 24
Ch. 8 Research Case 5 due 10/4
Ch.12 Problems: 3, 4, 5, 6, 9, 14, 18
Ch. 12 Research Case 2 due 10/18

Ch. 8 Research Case 5 due before class

10/11/05 MIDTERM EXAM

Chapters 1-8 and 12

10/18/05 Chapter 9: Foreign Currency Transactions and Hedging Ch.9 Problems: 7, 11, 12, 15-17, 23, 28
Foreign Exchange Risk

Ch. 12 Research Case 2 due before class

10/25/05 Chapter 10: Translation of Foreign Currency Financial Ch.10 Problems: 12, 15, 21, 22, 25
Statements Spreadsheet Assignment-
Ch. 10 Problem 32 due 11/1

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ADVANCED FINANCIAL REPORTING
11/1/05 Chapter 11: Worldwide Accounting Diversity and
International Accounting Standards
Chapter 13: Accounting for Legal Reorganizations and
Liquidations
Spreadsheet Assignment-
Ch. 10 Problem 32 due before class
11/8/05 Chapter 14: Partnerships: Formation and Operation
Chapter 15: Partnerships: Termination and Liquidation
Ch. 11 Research Case due before class
11/15/05 Chapter 16: Accounting for State and Local Governments
(part 1)
Chapter 17: Accounting for State and Local Governments
(part 2)
Ch. 14 Communication Cases 1 and 2 due before class
11/22/05 Chapter 18: Accounting and Reporting for Private Not-for
Profit Organizations
Chapter 19: Accounting for Estates and Trusts
Ch. 16 Research Case 2 due before class
11/29/05 FINAL EXAM
Chapters 9-11, 13-19
Ch. 19 Analysis Case 2 due before class
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AIM 6333.501 FALL 2005
Ch.11 Problems: 1, 3-5, 8, 14, 15, 21, 24
Ch. 11 Research Case due 11/8
Ch.13 Problems: 2, 3, 6, 7, 11, 14, 15, 20,
23
Ch.14 Problems: 2, 4, 6, 9, 10, 20, 24
Ch. 14 Communication Cases 1 and 2
due 11/15
Ch.15 Problems: 1, 3, 4, 6, 12, 18
Ch.16 Problems: 1, 5, 6, 7, 10, 15, 18, 27,
28, 32
Ch. 16 Research Case 2 due 11/22
Ch.17 Problems: 2-4, 7-9, 12, 16, 17, 26-31,
35, 37
Ch.18 Problems: 1, 2, 4, 9, 10-13, 20, 26,
31, 37
Ch.19 Problems: 1, 2, 5, 8, 12-14, 17, 19,
24, 26, 28, 34
Ch. 19 Analysis Case 2 due 11/29