Accounting & MIS 4200—Advanced Accounting

Spring, 2013

David E. Wallin

Contacts: Fisher 446 614-292-3291 wallin.1@osu.edu

Office Hours: 12:00pm – 12:35pm MW, 1:30pm – 2:45pm T and by appt.

Text: Advanced Accounting, 2nd Edition, Hamlen, Huefner & Largay, Cambridge Business

Publishers ISBN: 978-1-61853-005-9

Website: http://fisher.osu.edu/~wallin_1/4200/Main.htm

This three-semester-hour course involves “[a]ccounting for business enterprises

emphasizing business combinations, consolidated financial reporting, foreign currency

transactions and statement translation . . .” This course requires far more than

memorization of accounting techniques; it requires creative thinking. Students must not

only learn the techniques presented both in the text and in class, they must combine them

to solve new problems. The exams are designed as not just a measurement tool, but also a

learning experience. Most exam problems will be a new challenge not previously seen in

class or homework. However, a thorough knowledge of homework material is as essential

here as in any other class in accounting.

Attendance: Attendance is required for each of the exams. Attendance is required for a

Special Project Day on 10 April 2013 (see below regarding failure to attend---limited

makeup availability for excused absences). Attendance at other times is at the student's

discretion. It should be noted that regular attendance is essential for optimal performance

and the student is responsible for all material covered in class.

Homework: Homework will not be collected or graded. Regular and thorough preparation

and review of homework is an essential part of exam preparation. The student is responsible for all material in assigned homework.

Grading: There will be 475 points available in class in the form of four exams and

completion of the project on 10 April 2013. Exams I and IV are worth 100 points each.

Exams II and III are worth 125 points each. Completion of the special projects is worth 25

points. All exams are focused on “new” material, but can be integrated with material in the

previous exam(s) or prerequisite courses. The “new” material in Exams II and III

necessarily build upon the “old” material in (the) prior exam(s). Students failing to take an

exam at the scheduled time will receive a zero grade for that exam. Students failing to

attend class and complete the special project will receive a zero grade for that project. In

rare and unusual cases (as determined by the instructor), special arrangements may be

offered to a student judged to have a valid time conflict, illness, or emergency. This in no

way binds the instructor to similar arrangements with other students, since all situations

are unique. Scoring changes for the first three exams will be considered only during the

one-week period following the return of that exam. Scoring changes for Exam IV and a

change in the course grade will not be considered after 1 September 2013. Because of the

storage requirement involved, graded course material not retrieved by the student prior to

1 September 2013 will be subject to destruction. There will be no “extra credit”

opportunities or retaking exams.

Academic Dishonesty: Academic dishonesty will not be tolerated. It is the policy of this

instructor to pursue the most severe penalties available in cases of academic dishonesty.

Withdrawal/Incompletes: Students may withdraw from this class and receive a

withdrawal grade through the last withdrawal date as determined by the University. This

does not apply to individuals found guilty of academic dishonesty. A grade of “I” will be

given only in extreme and unusual cases when nonacademic emergencies exist. The

decision of the instructor is final in the determination of whether the conditions warrant an

“I.”

Privacy: The student is entitled to complete privacy with regard to class grades. The

instructor will share such information only with the student and authorized University

personnel. Students will receive private emails on their grades. Private information will

only be emailed to the email account provided to the instructor by the Registrar. To insure

privacy, no student-specific grade information can be given out by phone or to anyone other

than the student.

Class Procedures: Students are responsible for all chapters assigned (whether covered in

class or not), all homework and other online work assigned, and all material covered in

class and at the website. Because of the change to semesters, your exams will be

considerably different from exams given under quarters. Old exams are a study aid only.

They do not limit the scope, testing methods, or any characteristic of your exams.

Final Grade Determination: At the end of the quarter, the instructor will translate

points into a final grade. All those deemed to have performed sufficiently poorly on exams

will receive a failing grade regardless of points (this is not limited to total points earned, but also relates to timing and topics). For those receiving a passing grade, the translation

will always have the following characteristics. Students who score the same number of

(total) points as you will receive the same grade as you. Those scoring more points will get

the same or a higher grade. Those scoring fewer points will get the same or lower grade.

The grade assigned will reflect your performance relative to others and without regard to

the percentage of total points earned.

The ex ante approximate translation of points to grade is:

Grade Class Standing A Top 17 % A- Next 13% B+ Next 14% B Next 26% B- Next 11% C+ Next 6%

C or less Lowest 13%

Homework Assignments:

Ch 2: Problems in “Created Subsidiaries” supplement.

Ch 3: Problems in “Created Subsidiaries” supplement plus E3.7 and P3.4.

Ch 4: Problems P4.1, P4.2, P4.4, and HW3&4 in “homework” pdf.

Ch 5: HW5 in pdf, P5.3, and P5.6.

Ch 6 (for Exam II): Problem III from Exam 2 of Sum04, Sum05, Aut04, and Aut05.

Ch 6 (for Exam III): Problem IV from Exam 2 of Sum04, Sum05, Aut04, and Aut05.

Push-down: Problem I from Exam 2 of Sum03, Sum04, and Aut04.

Ch 7: Problem I and II from Exam3 of Sum03, Sum04, and Aut04.

Ch 8: Problem III from Exam 3 of Sum03 and Sum04.

Date In-class Assignment

January 7 M Overview

9 W Ch 1

11 F Ch 2

14 M Ch 2

16 W Ch 2

18 F Ch 2

21 M MLK Day

23 W Ch 3

25 F Ch 3

28 M Ch 3

30 W Ch 3

February 1 F Ch 4

4 M Ch 4

6 W Ch 4

8 F Ch 4

11 M Ch 4

13 W Exam I

15 F Ch 5

18 M Ch 5

20 W Ch 5

22 F Ch 5

25 M Ch 6 (sales of inventory)

27 W Ch 6

March 1 F Ch 6

4 M Ch 6

6 W Exam II

8 F Exam II Q&A (details to follow)

11 through 15 Spring Break

18 M Ch 6 (other intercompany transactions)

20 W Ch 6

22 F Ch 6

25 M Push-down

27 W Push-down

29 F Push-down

April 1 M Push-down

3 W Exam III

5 F Ch 7

8 M Ch 7

10 W Special Project Day (attendance required)

12 F Ch 7/8

15 M Ch 8

17 W Ch 8

19 F Ch 8

22 M Exam IV