acc 3030 a01 (3ch) advanced accounting fall...

ACC 3030 A01 (3CH)

ADVANCED ACCOUNTING

Fall 2019 136 Drake, MW 2.30-3.45 pm

CONTENTS CONTENTS ............................................................. 1

INSTRUCTOR ......................................................... 1

COURSE DESCRIPTION........................................... 1

COURSE OBJECTIVES ............................................. 2

COURSE MATERIALS .............................................. 2

ASSESSMENT OF LEARNING .................................. 2

MISSED EXAM ....................................................... 3

ATTENDANCE POLICY ............................................ 4

TENTATIVE CLASS SCHEDULE ................................ 4

RECOMMENDED TEXTBOOK QUESTIONS ............. 5

THE CPA CANADA HANDBOOK ............................. 6

INTENDED LEARNING OUTCOMES ........................ 6

ACADEMIC INTEGRITY POLICY .............................. 7

STUDENT SERVICES AND SUPPORTS ..................... 8

INSTRUCTOR

Name: Wenxia Ge, PhD, CPA, CGA Office: 402 Drake Centre

Phone: 204-474-9331

Email: [email protected]

Office hours: Wed 1.00-2.00 pm, or by appointment (If you have been attending class and have read the related chapters but are still falling

behind, you are encouraged to visit me during my office hours. These meetings will be much more productive if you come well prepared. Be familiar with the definitions and

notation related to a topic even if you are having conceptual difficulties.)

COURSE DESCRIPTION This course includes discussing certain topics about partnerships, consolidations, mergers, reporting on conglomerates, and fund accounting. It builds on technical skills and conceptual understanding developed in earlier courses, particularly ACC 2010 and ACC 2020. Its primary focus is on accounting for long-term inter-corporate investments, particularly methods of consolidation accounting. There is also coverage of accounting for foreign currency transactions and accounting for non-for-profit organizations.

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COURSE OBJECTIVES On course completion you will be expected to have developed:

1. technical and procedural skills required to deal with the topics listed above;

2. the ability to apply conceptual principles when selecting appropriate accounting policies in different circumstances; and

3. the ability to assess a situation, identify issues and alternatives, and formulate recommendations using professional judgment.

COURSE MATERIALS

• Herauf and Hilton, 2019, Modern Advanced Accounting in Canada (9th edition) published by McGrawHill Ryerson Ltd. Canada (available in Bookstore).

• Class notes, solutions to assigned homework & sample exams are available on UM Learn.

COURSE FORMAT

The course will be conducted principally as a lecture-style class, with some in-class discussion and

activities involving the application of accounting principles. Readings, as indicated in the class schedule, have been selected and assigned for each topic covered in the course. The readings will be most effective

if completed prior to class.

No audio or video recording of lectures or presentations is allowed in any format, openly or

surreptitiously, in whole or in part without permission of Professor Wenxia Ge. All ACC 3030 course

materials (including, but not limited to, lectures, class notes, and examinations) are made available for private study and must not be published or distributed in any format without express permission.

ASSESSMENT OF LEARNING

Online Assignments See the assignment schedule below 15%

Midterm Exam October 26 (Saturday), 10 am – 12 pm 35%

Final Exam To be scheduled by the Registrar’s Office 50%

The tentative letter-grading scheme is as follows. In the event of a skewed distribution of grades, the total course marks may be curved up or down as necessary (the weighting of each component will remain

unchanged).

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Marks Letter Grade

90 and above A+

80 – 89.99 A

75 – 79.99 B+

70 – 74.99 B

65 – 69.99 C+

60 – 64.99 C

50 – 59.99 D

Below 50 F

Online Assignments: Students will complete 10 online assignments through Connect associated with required textbook. The Connect code is required for online assignments. Please refer to “Connect

Instructions” available on UM Learn for registration guidance. Students could earn a maximum of 1.5%

(100% correction) course credit for each assignment submitted before the due date. Unlimited attempts for marks are allowed until the due date, and the best attempt (not the last attempt) will be recorded for grading. Late submissions are not allowed.

Assignment Due by 11:59 PM on

A1 (Ch.2) & A2 (Ch.3) Sep. 29

A3 (Ch.4) & A4 (Ch.5) Oct. 13

A5 (Ch.6), A6 (Ch.7) & A7 (Ch.8) Nov. 17

A8 (Ch.10), A9 (Ch.11) & A10 (Ch.12) Dec. 8

Midterm and Final Exams: The midterm exam will test all material covered in chapters 2-7. The final exam

will test all material covered throughout the entire course. You must bring your student ID card to the

exam. Each student will be allowed to bring calculators (non-programmable and without text storage capacity), erasers, pens and pencils. No other materials or personal items will be permitted.

MISSED EXAM

A grade of zero will be given to the missed midterm exam without a legitimate reason. Students who miss

the midterm exam for a legitimate reason (e.g., medical, compassionate, or university sports team travel)

should inform me with suitable documentation within five working days of the missed examination date to have the weight of the missed midterm added to the final examination. Conflicts with employers do not qualify as legitimate reasons to miss any exam.

Students who miss the final exam must apply to their home Faculty’s Undergraduate Program Office (268 Drake, if you are an Asper student) for possible deferred examination privileges. The instructor is not able to grant such permission or make related accommodations or arrangements.

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ATTENDANCE POLICY Attendance to course lectures is strongly encouraged, although attendance will not be taken. No extra notes will be provided to students who miss classes. Students who miss a class and in need of the class

notes should copy from a classmate.

TENTATIVE CLASS SCHEDULE

You will find that the course progresses quickly and the material covered builds on earlier material. It is

important to stay current in your study, otherwise you will likely have difficulty understanding the new material as it is presented. If you read the text in advance of the relevant classes, you will have a much

better chance of understanding the material as it is taught. It is the student’s responsibility to read the assigned material prior to the relevant class.

Date Topic Readings*

Sep. 4, 9 Investment in Equity Securities Chapter 2

Sep. 11, 16 Business Combinations Chapter 3

Sep. 18, 23, 25 Consolidation on Acquisition Date Chapter 4

Sep. 30, Oct.2 Consolidation Subsequent to Acquisition Date Chapter 5

Oct. 7, 9, 16, 21 Intercompany Transactions Chapter 6 and 7A

(omit Ch7B, p.375-394)

Oct. 23 No class in lieu of midterm exam

Oct. 28, 30, Nov. 4 Ownership Issues Chapter 8

(omit LO1, p.431-434)

Nov. 6 Joint Arrangements Chapter 9 LO2 p.511-525

Nov. 12-15 Fall Term Break

Nov. 18, 20 Foreign Currency Transactions Chapter 10

(omit LO5 & 6, p.592 - 605)

Nov. 25, 27 Translation and Consolidation of Foreign

Operations Chapter 11

Dec. 2, 4 Accounting for Not-for-Profit Organizations Chapter 12

*Omit appendix and “ASPE Differences” for all chapters.

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RECOMMENDED TEXTBOOK QUESTIONS

Chapter In-class Exercise* Homework

2 Problems: 4, 7 Review Questions: 4, 5, 6, 7, 9

Problems: 1, 2, 5, 8


Problems: 2, 5, 7a, 8, 13


Problems: 1, 2, 3a, 4, 9, 11

5 Problem:10 Review Questions: 3, 8, 11, 12, 17

Problems: 2ab, 5, 7, 12, 13abc, 14

6 Problem: 7 Review Questions: 5, 6, 7, 10, 11, 12, 13

Problems: 3, 5abc, 11, 13abc, 15

7 Problem: 14abcd Review Questions: 1, 4, 5, 6

Problems: 1, 4, 5, 7, 8a, 17abcd

8 Problems: 2, 11 Review Questions: 6, 7, 8, 10, 14, 15

Problems: 3, 6, 8, 10, 12, 15ac

9 Problems: 10a, 11b, 12 Review Questions: 5, 6, 7

Problems: 13, 14

10 Problems: 13 Review Questions: 1, 5, 6, 11

Problems: 1ab, 3, 7ab

11 Problem: 6 Review Questions: 1, 7, 9, 10, 11, 12, 14

Problems: 3ab, 9, 11, 13, 14

12 Problems: 11, 12 Review Questions: 9, 11, 12

Problems: 1, 4, 8

*subject to change; preview the chapter and the assigned in-class exercises before each class will maximize your benefit of attending class.

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THE CPA CANADA HANDBOOK

The CPA Canada Handbook – Accounting is available in electronic format on the University of Manitoba

Libraries website. To access the Handbook:

1. From the University of Manitoba homepage (www.umanitoba.ca), click on Libraries under

“Resources” block.

2. Click “Databases A-Z;” enter “CPA Canada Standards & Guidance Collection” and click “Go.”

3. If you are accessing the Handbook from off campus, you will then have to enter your Library ID

and PIN (if you do not know your Library ID and/or PIN, there is a link on this page that will help

you) and click on “Login”.

4. On the Knotia.ca page, click on “CPA Canada Standards and Guidance Collection (CPACHB)”.

5. The most efficient way to access a particular section in the Handbook is to enter the section

number in the “Fetch” box and click on “Go”.

INTENDED LEARNING OUTCOMES

AACSB Assurance of Learning Goals and Objectives

The Asper School of Business is proudly accredited by AACSB. Accreditation requires a process of

continuous improvement of the School and our students. Part of “student improvement” is ensuring

that students graduate with the knowledge and skills they need to succeed in their careers. To do so,

the Asper School has set the learning goals and objectives listed below for the Undergraduate

Program. The checked goal(s) and objective(s) will be addressed in this course and done so by means

of the items listed next to the checkmark.

Goals and Objectives in the Undergraduate Program

Goals and

Objectives

Addressed in this

Course

Course Item(s)

Relevant to these

Goals and

Objectives

1 Quantitative Reasoning

A. Determine which quantitative analysis technique is

appropriate for solving a specific problem.

In-class problems and

assigned homework

B. Use the appropriate quantitative method in a

technically correct way to solve a business problem.


assigned homework

C. Analyze quantitative output and arrive at a

conclusion.

In-class problems

and assigned

homework

2 Written Communication

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A. Use correct English grammar and mechanics in their

written work.

B. Communicate in a coherent and logical manner

C. Present ideas in a clear and organized fashion.

In-class problems

and assigned

homework

3 Ethical Thinking

A. Identify ethical issues in a problem or case situation


assigned homework

B. Identify the stakeholders in the situation.


assigned homework

C. Analyze the consequences of alternatives from an

ethical standpoint.


assigned homework

D. Discuss the ethical implications of the decision.


assigned homework

4 Core Business Knowledge

Entire course

ACADEMIC INTEGRITY POLICY

It is critical to the reputation of the Asper School of Business and of our degrees that everyone associated with our faculty behave with the highest academic integrity. As the faculty that helps create business and

government leaders, we have a special obligation to ensure that our ethical standards are beyond reproach. Any dishonesty in our academic transactions violates this trust. The University of Manitoba

General Calendar addresses the issue of academic dishonesty under the heading “Plagiarism and

Cheating.” Specifically, acts of academic dishonesty include, but are not limited to:

using the exact words of a published or unpublished author without quotation marks and without referencing the source of these words

duplicating a table, graph or diagram, in whole or in part, without referencing the source

paraphrasing the conceptual framework, research design, interpretation, or any other ideas of another person, whether written or verbal (e.g., personal communications, ideas from a verbal

presentation) without referencing the source copying the answers of another student in any test, examination, or take-home assignment providing answers to another student in any test, examination, or take-home assignment taking any unauthorized materials into an examination or term test (crib notes) impersonating another student or allowing another person to impersonate oneself for the purpose

of submitting academic work or writing any test or examination

stealing or mutilating library materials accessing test prior to the time and date of the sitting

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changing name or answer(s) on a test after that test has been graded and returned submitting the same paper or portions thereof for more than one assignment, without discussions

with the instructors involved

Group Projects and Group Work

Many courses in the Asper School of Business require group projects. Students should be aware that group projects are subject to the same rules regarding academic integrity. All group members should exercise special care to ensure that the group project does not violate the policy on Academic Integrity. Should a violation occur, group members are jointly accountable unless the violation can be attributed to specific

individuals.

Some courses, while not requiring group projects, encourage students to work together in groups before

submitting individual assignments. If it’s unclear whether it is allowed, students are encouraged to seek

clarification from the instructor to avoid violating the academic integrity policy.

In the Asper School of Business, all suspected cases of academic dishonesty in undergraduate courses are reported to the Dean's office and follow the approved disciplinary process.

STUDENT SERVICES AND SUPPORTS

The University of Manitoba provides many different services that can enhance learning and provide support for a variety of academic and personal concerns. You are encouraged to visit the below websites

to learn more about these services and supports. If you have any questions, please do not hesitate to

contact your instructor or the Undergraduate Program Office.

For Information on… …follow this link

Admission, Registration, Tuition Fees, Important Dates, Final

Exams, Graduation, and Transcripts Registrar’s Office

Academic policies & procedures, regulations, Faculty-specific

information, degree and major requirements Academic Calendar

Help with research needs such as books, journals, sources of

data, how to cite, and writing Library Resources

Tutors, workshops, and resources to help you improve your

learning, writing, time management, and test-taking skills Writing and Learning Support

Support and advocacy for students with disabilities to help

them in their academic work and progress Student Accessibility Services

Copyright-related questions and resources to help you avoid

plagiarism or intellectual property violations Copyright Office

Student discipline bylaws, policies and procedures on academic

integrity and misconduct, appeal procedures Academic Integrity

Policies & procedures with respect to student discipline or

misconduct, including academic integrity violations Student Discipline

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Students’ rights & responsibilities, policies & procedures, and

support services for academic or discipline concerns Student Advocacy

Your rights and responsibilities as a student, in both academic

and non-academic contexts Your rights and responsibilities

Full range of medical services for any physical or mental health

issues University Health Service

Information on health topics, including physical/mental health,

alcohol/substance use harms, and sexual assault Health and Wellness

Any aspect of mental health, including anxiety, stress,

depression, help with relationships or other life concerns, crisis

services, and counselling.

Student Counselling Centre

Support services available for help regarding any aspect of

student and campus life, especially safety issues Student Support Case Management

Resources available on campus, for environmental, mental,

physical, socio-cultural, and spiritual well-being Live Well @ UofM

Help with any concerns of harassment, discrimination, or

sexual assault

Respectful Work and Learning

Environment

Concerns involving violence or threats, protocols for reporting,

and how the university addresses them Violent or Threatening Behaviour

acc 3030 a01 (3ch) advanced accounting fall...

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