California State University Fullerton

ACCOUNTING 401 SECTION 02 (11914)

ADVANCED ACCOUNTING SYLLABUS
FALL 2016
Department of Accounting Office: SGMH 4313
Phone: 657-278-2225; Fax: 657-278-4518
Website: http://business.fullerton.edu/accounting/
Email: accountingdept@fullerton.edu
Class hours
Classroom
Instructor
Office
Phone
Fax
Email
Office Hour

:
:
:
:
:
:
:
:

7:00 9:45 T
SGMH 2405
Dr. Myungsoo Son
SGMH 4350
657-278-2732
657-278-4518
mson@fullerton.edu
11:00 12:00 T and Th; by appointment

Mission Statement: Through excellence in teaching, a forward-looking curriculum, a

culturally diverse environment, applied collaborative research and valuable alliances
with the business community, we offer accredited accounting programs that develop
globally aware business leaders with practical knowledge in the field of accounting.
(Updated 5/24/16)
FINAL EXAM DATE: The final exam for this class is scheduled for (December 13,
Tuesday).
DEADLINE TO WITHDRAW FROM CLASSES
The last day to withdraw from classes without a documented serious and compelling
reason is Tuesday, September 6, 2016. Final deadline to withdraw from classes with a
grade of W for serious and compelling reasons is Thursday, November 10.
OBJECTIVES OF COURSE
The objectives are to introduce the students to the concepts and practices related to
accounting and reporting for business combinations, preparation of the consolidated
financial statements, derivative financial instruments, translation of foreign currency
financial statements, and partnership, etc. At the completion of this course, the
students are expected to have obtained a good understanding of the concepts and
methods and, therefore, are able to prepare the resulting financial statements and
reports.
PREREQUISITE
The prerequisite for Accounting 401 is Accounting 301B. If you have not passed the
prerequisite with C or better, you may be administratively dropped.
COURSE TEXT
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Advanced Accounting, 12th ed. written by Fischer, Taylor, and Cheng, published by
Cengage Learning.
GRADE DETERMINATION
The grade will be based upon your performance on exams, a writing assignment and
class participation as follows:
Exam 1
Exam 2
Exam 3
Writing Assignment
Participation
Total

100
100
100
10
10
320

Exams: The exams will be given on the dates listed on the course outline. You need to
see me EARLY if you cannot take an exam on the scheduled date. I reserve the right to
not accept certain reasons for being unable to attend an exam on the scheduled date,
which means you would receive a grade of 0 with no opportunity for a makeup. Format
of exams will generally consist of computational problems and multiple choice
questions.
Writing Assignment: You are required to find a current article dealing with a topic
covered in this course and write a one-page summary of the article (single-space). You
need to explain the relevance of the article you selected to the course material. You will
turn in the summary, copy of the article, and cover sheet.
Participation: You are required to actively participate class discussion.
Grade scale:
90% - 100%
80% - 89%
70% - 79%
60% - 69%

A
B
C
D

Note: Habitual unprofessional behavior will be taken into consideration in the

form of a deduction of points.
EXTRA REQUIREMENT FOR GRADUATE STUDENTS
Since this course is a 400-level class, there will be an extra requirement for graduate
students to obtain graduate credits.
ADMISTRATIVE
Attendance in all class times is required. If you miss a class it is your
responsibility to become informed of any announcements or assignments
made in class.
You are not allowed to use text messaging devises in class.
The instructor reserves the right to change the schedule at any time.

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Tests are the property of the instructor and should not be taken out from the
classroom.
Students are strongly encouraged to utilize the writing assistance resources on
campus. The Department of English offers a writing center that is available to all
CSUF students. More information is available online at
http://english.fullerton.edu/writing_center/ and you can schedule appointments for
writing assistance at https://fullerton.mywconline.com/.
No individual extra credit assignments will be given in any case.

SPECIAL NEEDS
During the first week of classes, inform the instructor of any disabilities or special needs
that you have that may require special arrangements related to attending class
sessions, carrying out writing assignments or learning components, or taking
examinations. Students with disabilities need to document the disability at the Disability
Support Services in UH-101.
ACCOUNTING ETHICS STATEMENT
Integrity plays a vital role in the accounting profession. As a result, the Department of
Accounting has expectations that our students behave in a manner consistent with the
demands and expectations of the accounting profession. It is the view of the
Department of Accounting, that the use of all unauthorized materials, regardless of the
manner obtained, are a violation of the Mihaylo College of Business and Economics
Student Code of Ethics. This include, but it is not limited to, obtaining and using
solutions manuals, test banks and all other copy-written materials from course
textbooks not authorized by the course instructor; obtaining and using homework
assignments, cases, or exams from prior students. Faculty members will report all
incidents involving students who are expected of lying, deception, plagiarism, and
cheating (both attempted and actual) to the Dean of Students, Judicial Affairs and the
chair of the Department of Accounting according to UPS 300.021 and UPS 300.030
(October 2010).
ACADEMIC DISHONESTY/STUDENT CONDUCT (CSUF UPS 300.021, (2015-16
Online Catalog www.catalog.fullerton.edu Grading Policies - Student Records)):
Academic dishonesty includes such things as cheating, inventing false information or
citations, plagiarism, and helping someone else commit an act of academic dishonesty.
It usually involves an attempt by a student to show a possession of a level of knowledge
or skill, which he/she does not possess.

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Cheating is defined as the act of obtaining or attempting to obtain credit for work
by the use of any dishonest, deceptive, fraudulent, or unauthorized means.
Examples of cheating include, but are not limited to, the following: using notes or
aides or the help of other students on tests and examinations in ways other than
those expressly permitted by the instructor, plagiarism as defined below,
tampering with the grading procedures, copying verbatim another students
assignments, and collaborating with others on any assignment where such
collaboration is expressly forbidden by an instructor. Violation of this prohibition

of collaboration shall be deemed an offense for the person or persons

collaborating on the work, in addition to the person submitting the work.
Plagiarism is defined as the act of taking the specific substance of another and
offering it as ones own without giving credit to the source. When sources are
used, acknowledgement of the original author or source must be made following
standard scholarly practice.

Students who violate university standards of academic integrity are subject to

disciplinary sanctions, including failure in the course and suspension from the university.
Since dishonesty in any form harms the individual, other students and the university,
policies on academic integrity are strictly enforced. Academic dishonesty, in any form,
when detected, will result in zero points on assignments or tests, and may result in an
F for the course plus additional University-level disciplinary action by Judicial Affairs.
For additional information, refer to the University policy in the current CSUF Catalog.
ASSESSMENT STATEMENT
The programs offered in Mihaylo College of Business and Economics (MCBE) at Cal
State Fullerton are designed to provide every student with the knowledge and skills
essential for a successful career in business. Since assessment plays a vital role in
Mihaylo Colleges drive to offer the best, several assessment tools are implemented to
constantly evaluate our program as well as our students progress. Students, faculty,
and staff should expect to participate in MCBE assessment activities. In doing so,
Mihaylo College is able to measure its strengths and weaknesses, and continue to
cultivate a climate of excellence in its students and programs.
DROPS, WITHDRAWALS, AND INCOMPLETES
The University policy on drops will be followed. See the University Catalog for relevant
procedures and dates. A grade of I (incomplete) is appropriate only if circumstances
beyond a students control force the student to miss a portion of the latter part of a
course.
UNIVERSITY POLICY ON FINAL EXAMINATIONS
Final examinations, if required by the instructor, will be given at times scheduled by the
University. Once established, the final examination scheduled may not be changed
unless approved by department and program chairs and the dean of the college. No
make-up final examination will be given except for reason of illness or other verified
emergencies.
EMERGENCY PROCEDURES NOTICE TO STUDENTS
The safety of all students attending California State University Fullerton is of paramount
importance. During an emergency it is necessary for students to have a basic
understanding of their personal responsibilities and the Universitys emergency
response procedures. In the event of an emergency, please adhere to the following
guidelines.
BEFORE AN EMERGENCY OCCURS
1. Know the safe evacuation routes for your specific building and floor.
2. Know the evacuation assembly areas for your building.

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WHEN AN EMERGENCY OCCURS

1. Keep calm and do not run or panic. Your best chance of emerging from an
emergency is with a clear head.
2. Evacuation is not always the safest course of action. If directed to evacuate,
take all of your belongings and proceed safely to the nearest evacuation route.
3. Do not leave the area. Remember that faculty and other staff members need to
be able to account for your whereabouts.
4. Do not re-enter building until informed it is safe by a building marshal or other
campus authority.
5. If directed to evacuate the campus, please follow the evacuation routes
established by either parking or police officers.
AFTER AN EMERGENCY OCCURS
1. If an emergency disrupts normal campus operations or causes the University to
close for a prolonged period of time (more than three days), students are
expected to complete the course assignments listed on the syllabus as soon as it
is reasonably possible to do so.
2. Students can determine the University's operational status by checking the
University's web site at http://www.fullerton.edu, calling the University's hotline
number at 657-278-4444, or tuning into area radio and television stations.
Students should assume that classes will be held unless they hear or read an
official closure announcement.

EMERGENCY CALLS
DIAL 9-1-1
All campus phones and cell phones on campus reach the University Police
Department
Non-emergency line: (657) 278-2515
24-hour recorded emergency information line:
(657) 278-4444

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TENTATIVE COURSE OUTLINE AND SCHEDULE

WEEK

CHAPTER

8/23

8/30
9/6
9/13
9/20

2
3
3
Exam1

9/27

10/4

10/11
10/18
10/25
11/1
11/8

5
10
10
Exam2
11

11/15

13

11/29

14

12/6

14

12/13

Exam 3
7:30 9:20

TOPIC
Business combinations: New Rules for a Longstanding Business Practice
Consolidated statements: Date of acquisition
Consolidated statements: Subsequent to acquisition
Consolidated statements: Subsequent to acquisition
Ch 1 3
Intercompany transactions: Merchandize, plant
assets, and notes.
Intercompany transactions: Merchandize, plant
assets, and notes.
Intercompany transactions: Bonds and leases.
Foreign currency transactions
Foreign currency transactions
Ch 4, 5, and 10
Translation of foreign financial statements
Partnerships: Characteristics, formation, and
accounting for activities;
Partnership: Ownership changes and liquidations
Partnership: Ownership changes and liquidations
(Writing Assignment Due)
Ch 11, 13, and 14

Students should consider the final examination schedule when selecting

courses.

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