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Graduate Course Proposal Form Submission Detail - ACG5205
Tracking Number - 2176

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Current Status: Approved, Permanent Archive - 2010-03-29
Campus: Tampa
Submission Type: change
Course Change Information (for course changes only): Change pre-req to ACG 3113 (Intermediate Financial Accounting II) 3
Comments: GC approved 9/18; sent to USF SCNS Office 10/12/09; approved by SCNS 10/09; effective 1/2010


Detail Information

  1. Date & Time Submitted: 2009-09-28
  2. Department: School of Accountancy
  3. College: BA
  4. Budget Account Number: 1402000
  5. Contact Person: William Parrott
  6. Phone: 9746736
  7. Email: wparrott@coba.usf.edu
  8. Prefix: ACG
  9. Number: 5205
  10. Full Title: Advanced Financial Accounting
  11. Credit Hours: 3
  12. Section Type: C - Class Lecture (Primarily)
  13. Is the course title variable?: N
  14. Is a permit required for registration?: N
  15. Are the credit hours variable?: N
  16. Is this course repeatable?:
  17. If repeatable, how many times?: 0
  18. Abbreviated Title (30 characters maximum): ADV FIN ACC
  19. Course Online?: -
  20. Percentage Online: 0
  21. Grading Option: R - Regular
  22. Prerequisites: ACG 4123
  23. Corequisites: None
  24. Course Description: Accounting for business combinations, preparation of consolidated financial statements, home office/branch relationships, foreign operations and transactions, partnerships

  25. Please briefly explain why it is necessary and/or desirable to add this course: Needed as part of recent program/concentration/certificate change
  26. What is the need or demand for this course? (Indicate if this course is part of a required sequence in the major.) What other programs would this course service? Reducing the prerequisite for taking ACG 5205 from ACG 4123 (Intermediate Financial Accounting III) to ACG 3113 (Intermediate Financial Accounting II) increases flexibility in student scheduling and shortens the time needed for accounting majors to graduate.
  27. Has this course been offered as Selected Topics/Experimental Topics course? If yes, how many times? No
  28. What qualifications for training and/or experience are necessary to teach this course? (List minimum qualifications for the instructor.) Ph.D.
  29. Objectives: Students are expected to gain a solid knowledge of the following financial accounting topics: mergers, consolidated financial statements (both at date of acquisition and subsequent years), home office/branch relationships, foreign operations/transactions, partnerships
  30. Learning Outcomes: Students are expected to gain a solid knowledge of the following financial accounting topics: mergers, consolidated financial statements (both at date of acquisition and subsequent years), home office/branch relationships, foreign operations/transactions, partnerships
  31. Major Topics: mergers, consolidated financial statements (both at date of acquisition and subsequent years), home office/branch relationships, foreign operations and transactions, partnerships
  32. Textbooks: Modern Advanced Accounting by Larsen (10th ed., McGraw-Hill, 2006)
  33. Course Readings, Online Resources, and Other Purchases: Modern Advanced Accounting by Larsen (10th ed., McGraw-Hill,2006)
  34. Student Expectations/Requirements and Grading Policy: Grading:

    The final grade in ACG 5205 is determined by 3 exams, a written/oral communication project, plus(maybe) some quizzes. The plus/minus grading system will be used.

    A= 92% or more of the total possible points, A-= 90%-91.9%, B+= 88%/89.9%, and so on. After the drop date, a letter grade must be assigned. An I grade will be considered only when a small portion of the work is incomplete, if student is earning a passing grade, but serious personal problems prevent the student from completing the course. This course may not be taken on an S/U basis.

  35. Assignments, Exams and Tests: Course Outline:

    Business Combinations

    Consolidated Financial Statements

    - At date of acquisition control

    - In subsequent years

    - Intercompany profit and loss eliminations

    - Income tax effects

    - Statement of cash flows

    - Subsidiary stock transactions

    Accounting for Branches

    Foreign Operations

    Partnership Accounting

    Current Financial Reporting Issues

  36. Attendance Policy: Students are expected to attend class and to actively participate in classroom discussions of assigned cases, exercises, and problems. Regular class attendance and good class notes are essential for successful completion of the course. Anything discussed in class, whether covered in the text or not, may appear on an exam, so good notes are important. Voice recording each class is encouraged.

    USF Policy on Religious Observances: Students who anticipate the necessity of being absent from class due to the observation of a major religious observance must provide notice of the date(s) to the instructor, in writing, by the second class meeting.

  37. Policy on Make-up Work: Make-Up Exams:

    Given only in emergency situations and must be arranged prior to the date of the regular exam.

  38. Program This Course Supports: Accountancy
  39. Course Concurrence Information: n/a


- if you have questions about any of these fields, please contact chinescobb@grad.usf.edu or joe@grad.usf.edu.