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Graduate Course Proposal Form Submission Detail - ACG5205

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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


  1. Department and Contact Information

    Tracking Number Date & Time Submitted
    2176 2009-09-28
     
    Department College Budget Account Number
    School of Accountancy BA 1402000
     
    Contact Person Phone Email
    William Parrott 9746736 wparrott@coba.usf.edu

  2. Course Information

    Prefix Number Full Title
    ACG 5205 Advanced Financial Accounting

    Is the course title variable? N
    Is a permit required for registration? N
    Are the credit hours variable? N
    Is this course repeatable?
    If repeatable, how many times? 0

    Credit Hours Section Type Grading Option
    3 C - Class Lecture (Primarily) R - Regular
     
    Abbreviated Title (30 characters maximum)
    ADV FIN ACC
     
    Course Online? Percentage Online
    - 0

    Prerequisites

    ACG 4123

    Corequisites

    None

    Course Description

    Accounting for business combinations, preparation of consolidated financial statements, home office/branch relationships, foreign operations and transactions, partnerships


  3. Justification

    A. Please briefly explain why it is necessary and/or desirable to add this course.

    Needed as part of recent program/concentration/certificate change

    B. 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.

    C. Has this course been offered as Selected Topics/Experimental Topics course? If yes, how many times?

    No

    D. What qualifications for training and/or experience are necessary to teach this course? (List minimum qualifications for the instructor.)

    Ph.D.


  4. Other Course Information

    A. 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

    B. 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

    C. Major Topics

    mergers, consolidated financial statements (both at date of acquisition and subsequent years), home office/branch relationships, foreign operations and transactions, partnerships

    D. Textbooks

    Modern Advanced Accounting by Larsen (10th ed., McGraw-Hill, 2006)

    E. Course Readings, Online Resources, and Other Purchases

    Modern Advanced Accounting by Larsen (10th ed., McGraw-Hill,2006)

    F. 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.

    G. 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

    H. 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.

    I. 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.

    J. Program This Course Supports

    Accountancy


  5. 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.