《高级财务会计FA4英语》课程教学大纲

1、高级财务会计FA4英语课程实施方案Advanced Accounting (FA4, English) SyllabusCourse InformationCourse Title:Advanced Accounting- EnglishCourse Code：ACC907Credit:4,0Credit Hours：68 hoursInstructor, Teaching Assistant and Classroom InformationInstructors:Teaching Assistants:Course MaterialsAdvanced Accounting (Interna

2、tional Edition) by Hoyle, Schaefer and Doupnik, 13th edition, McGraw-Hill, ISBN: 978-981-4714-50-1.McGraw-HillConnect System: fa4-spring-2018-slProgram Learning Goal and Program Learning ObjectiveProgram LearningGoal (PLG)Program Learning Objectives (PLO)LG1:Developgraduates who have knowledgeinspec

3、ific areasL01.1 Develop a deeper understanding of the preparation of consolidated financial statementsLO 1.2 Applying knowledge related to segment and interim reporting, foreign currency transactions, translation of foreign currency financial statements, accounting for legal reorganizations and liqu

4、idations, and partnerships.LG2:Cultivatecommunication skills and ability in cooperationLO 2.1 Improve oral communication skills and presentation skills by participating in the class discussion.LO 2.2 Improve business writing skills by writing analysis of cases.LO 2.3 Develop teamwork skills by worki

5、ng with other students in a team to solve problems.LG3:Developcritical thinkingLO 3.1 compare IFRS with GAAP regarding consolidation financial information. Understand the role of accounting in business world and the impact to the society.LO 3.2 Understand the underlying rationale of different approa

6、ches to deal with special issues in accounting.LG4:Developinternational vision*LO 4.1 Develop a deeper understanding of how international business transactions (e.g. global merger & acquisition, foreign currency transactions, and international segments) influence accountingrecording and reporting pr

7、ocedures.LO 4.2 Develop an appreciation of how IFRS differs from GAAP, the major differences between rule-based accounting system and principle-based accounting system. Understand the consequences of these diversity, in terms presentation of accounting information as well as evaluating the financial

8、 statements prepared under these two schemes.Indicates that this learning goal (LG) is the key assessment item in this courseCourse Overview and ContentCourse OverviewAdvanced accounting (FA4 hereafter) is designed to help students develop their knowledge and critical thinking skills in the area of

9、financial reporting for mergers and acquisitions, segment and interim reporting, foreign currency transactions, translation of foreign currency financial statements, accounting for legal reorganizations and liquidations and partnerships. It is the fourth class in a sequence of courses dealing with f

10、inancial reporting. FA4 buildings on the material covered in Principles of Accounting (FAI), Intermediate Financial Accounting II (FA2) and Intermediate Financial Accounting HI (FA3).Course ContentChaptersTitleKnowledge Point1The Equity Method of Accounting for InvestmentsCriteria for applying the e

11、quity method of accountingEquity method journal entries2Consolidation of FinancialInformationCriteria for consolidating financial informationValuation principles of the acquisition methodJournal entries for consolidating financial informationWorksheets to consolidate the accounts of two companies3Co

12、nsolidations - Subsequent to the Date of AcquisitionMethods for a parent company to keep internal records of subsidiary investmentConsolidation of financial statement according to 3 different internal records that the parent has appliedAccounting for goodwill4Consolidated Financial Statements and Ou

13、tside OwnershipValuation principles underlying the acquisition method of accounting for the non-controlling interestJournal entries for consolidation when non-controlling interest exists5Consolidated Financial StatementsIntra-Entity Asset TransactionsConsolidation procedures to eliminate intra-entit

14、y sales and purchases balancesDifference between upstream and downstream intra-entity transfers Consolidation entry to remove any unrealized gain8Segment and Interim ReportingSegment reportingInterim reporting9Foreign Currency Transactions and Hedging Foreign Exchange RiskForeign exchange marketFore

15、ign exchange transactionsHedge accounting10Translation of Foreign Currency Financial StatementTemporal rate methodCurrent rate method13AccountingforLegalOrganizations and LiquidationsStatement of financial affairsAccounting for liquidationAccounting for reorganization14Partnerships: Formation and Op

16、erationPartnerships and alternative formsPartnership accounting-capital accountAccounting for partnership dissolutionFurthermore, ideological and political education would be included in this course. We would explain supply-side reform policy, such as three reduce, one cut and one supplement,z (capa

17、city reduction, de-stocking, deleveraging, cost reduction and improving underdeveloped areas). Specifically, this will be introduced by the case of debt-for-equity swap of bankrupt enterprises. Meanwhile, the course is intended to arouse students national identity.Teaching methodsFaculty will integr

18、ate teaching, presentation, as well as case report submitted.AssignmentsEach chapter ended, homework relative to this chapter will be assigned to help you master the required knowledge. About 4 hours are needed to complete your homework of each chapter.The assistant needs to check the homework every

19、, and arrange time to explain some of the mistakes and weaknesses that most students make at least twice a month. Moreover; the assistant should make notes about every lesson and make report about the basic situation of the homework every month.DiscussionFor each chapter; we will choose one or two t

20、opics for discussion in class. Through the discussion, the students can master the content quickly. This can also improve the students; ability of the independent thinking.Case study and team project presentationTo analyze the cases, students may work in a group of several class members. Each member

21、 of the group will receive the same grade on the case study. Through the case study, the students can not only improve the analysis capability, but also develop the skills about how to cooperate with each other and how to play a role in a group work.OthersIn addition to the above, we may make use of

22、 diverse forms to stimulate the students interests in the subject. For instance, free debate, role simulation, report analysis and so on. This depends on the course material, progress of the lecture and students feedback.Tentative Course ScheduleNote: 1. This schedule is tentative and is subject to

23、change throughout semester.WeekLectureChapterTopic11Course Introduction &Chapter 1The Equity Method of Accounting for Investments122324Chapter 2Consolidation of FinancialInformation353647Chapter 3Consolidations - Subsequent to the Date of Acquisition4859Chapter 4Consolidated FinancialStatements and

24、Outside Ownership510611612Chapter 5Consolidated FinancialStatementsIntra-EntityAsset Transactions713714815Chapters 1-5Review class816917Exam 1918Chapter 8Segment and Interim Reporting10191020Chapter 9Foreign Currency Transactions and HedgingForeign Exchange Risk112111221223Chapter 10Translation of F

25、oreign Currency FinancialStatement122413251326Chapter 13Accounting for Legal Organizations and Liquidations142714281529Chapter 14Partnerships: Formation and Operation153016311632Chapters 8,9,10,13,14Case Presentation17331734Exam 26 Evaluation MethodEvaluation Method of Assurance of Learning (AOL) sy

26、stemLearning GoalLearning ObjectivesEvaluation MethodLG4: Develop international vision*LO 4.1 Develop a deeper understanding of how international business transactions (e.g. global merger & acquisition, foreign currencytransactions,andinternational segments) influence accounting recording and report

27、ing procedures.Exam- questions related to these areas will be included in both homework and final exams. Students, answer to these questions will be used as a tool to evaluate their learning progress.Projects - two projects regarding these issues will be used to evaluate how students understand and

28、apply these accounting methods to real international business environment.LO 4.2 Develop an appreciation of how IFRS differs from GAAP, the majordifferencesbetweenrule-based accounting system and principle-based accounting system. Understand the consequences of these diversity, in terms presentation

29、 of accounting information as well as evaluating the financial statements prepared under these two schemes.Class discussion- there will be in-class discussion about the differences between US GAAP and IFRS.Homework - there will be multiple choice questions and long-answer questions in the homework.

30、Students answer to these questions will be used as a tool to evaluate their learning progress.Student EvaluationThe course grade will be computed as follows:Exam 125%Exam 225%Project #115%Project # 215%Homework15%Attendance and Participation5%Total100%The weights given above are IDENTICAL for everyo

31、ne. And according to the teaching rule of accounting department, there will be absolutely NO additional credit in this class. Final grading distribution will strictly follow the grading guideline issued by school of accounting, SWUFE. Please note that this is the tentative grading schemes and is sub

32、ject to change during the semester. Exams:We will have two exams during the semester. Exam 1 is in the eighth week of the semester and covers materials in Chapters 1-5. Exam 2 is in the sixteenth week of the semester and covers materials in Chapter 8, 9, 10, 13 and 14. Both exams are closed book, cl

33、osed notes. Grading strictly follows the grading policy assigned by the school of accounting. There will be no additional credit, no allowance in grade, or any arguing about grade. Projects:There are two group projects: One is to prepare journal entries and worksheets for a comprehensive case of con

34、solidating financial statements (2-3 students in each group); the other is to analyze a case (related to materials covered in Chapters 8, 9, 10, 13, and 14), write a report and present it in class. Homework:There are 10 homework assignments. All homework is due by 11:00pm on the due date. No late ho

35、mework submission will be accepted. You can only submit the online homework assignments once. However, before you submit your assignment, you can check whether your answers are correct by clicking on the button that says “Check My Work”. Youll see this button towards the bottom of each page on the a

36、ssignment. If an answer is incorrect, you can revise it and check it again (as many times as you want) before you submit the assignment for a grade. Thus, if you work at it, you should be able to get 100% on the homework.7. Academic Integrity and Ethical StandardsAccountants have an obligation to the public, their profession, the organization they serve, and themselves, to maintain the highest standards of professional and ethical conduct. High standards of ethics and professionalism are an integral part of an accountants job.In this class, I expec