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Course Outline Advanced Acctg 1 (2014.15)
Course Outline Advanced Acctg 1 (2014.15)
FAKULTAS EKONOMI
Universitas Klabat is committed to excellence in Sevent-day Adventist Christian education and strives to create
an environment where students can develop noble characters for eternity and where they can acquire the
values, knowledge, and skills necessary for a lifetime leadership, service, and responsible citizenship.
Advanced Accounting I
AKUN 410 (3 credits)
Dr. Stanley S. Nangoy
jonan_nangoy@yahoo.com
https://groups.yahoo.com/group/unklab-advancedaccounting
unklab-advancedaccounting@yahoogroups.com
Required Texts :
1. Beams, F.A., Anthony, J.H., Bettinghaus, B., Smith, K. 2012, Advanced Accounting 11th
edition, Upper Saddle River, New Jersey; Pearson Prentice Hall International edition
(ISBN 0-13-283036-1)
2. Hoyle, Schaefer, Doupnik, 2012, Advanced Accounting 8th edition, New York; Irwin
McGraw-Hill Publishing (ISBN 0-07-299188-7)
3. Source of Information from internet related topics.
Course Description
This course is a comprehensive study of business combinations, the equity and cost methods
of accounting for investments in common stock, and consolidated financial statement
preparation. Furthermore this course explores topics such as Intercompany Profit
Transactions, Changes in Ownership Interests, Indirect and Mutual Holdings, Subsidiary
Preferred Stocks, Consolidated EPS & Income Taxation, Consolidation Theories Push-Down
Accounting, Joint Venture, and Derivatives & Foreign Currencies.
Prerequisite: AKUN 313
.
Course Objectives:
Students will be required to analyse corporate financial records and address specialized
advanced accounting issues in Business Combination and Stock Ownership & Investment.
There will be two sessions per week which will include lectures, and activities in
exploring the latest Generally Accepted Accounting Principles (GAAP) as well as Prinsip-prinsip
Akuntansi Indonesia (PAI) in analysing corporate business transactions, then use excel based
spread sheet program in solving accounting exercises, problems and evaluations.
2.
Each student needs to buy the text-book, in order to participate in the class activities.
3.
4.
5.
Students are encouraged to read widely not limiting one to prescribed books but to
any books, magazines, journals, web-sites which cover a particular topic being learnt in class.
6.
Students are encouraged to work in groups when doing exercises, problems and their
homework. However quizzes and chapter tests will be conducted regularly to assess individual
understanding for each topic discussed during the week.
7.
25,27 August
1, 3 September
8 September
10, 15
September
Topics
Learning Objectives
Understanding the economic motivations
underlying business combination.
Learn about alternative forms of business
combination, from both the legal and
Chapter 1 :
accounting perspective.
Business Combination
Introduce accounting concepts for business
combinations, emphasizing the acquisition
methods.
See how firms record fair values of assets and
liabilities in an acquisition.
Recognize investors varying levels of
influence or control, based on the level of
stock ownership.
Anticipate how accounting adjusts to reflect
the economics underlying varying levels of
Chapter 2:
investor influence.
Stock Investment- Investor Apply the fair value/cost and equity methods
Accounting and Reporting
of accounting for stock investment.
Identify factors beyond stock ownership that
affect an investors ability to exert influence
or control over an investee.
Apply the equity method to stock investment
Learn how to test goodwill for impairment
Recognize the benefits and limitations of
consolidated financial statements
Understand requirements for including a
subsidiary in consolidated financial
statement
Apply consolidation concepts to parent
company recording of an investment in a
subsidiary company at the date of acquisition
Record the fair value of the subsidiary at the
Chapter 3:
date of acquisition
An Introduction to
Chapter 4 :
Consolidation
Techniques and Procedures
17, 22
September
Chapter 5:
Intercompany Profit
Transaction- Inventories
24, 29
September
Chapter 6:
Intercompany Profit
transactions- Plant Assets
1 October
Midterm Exams
6, 8 October
Chapter 7:
Intercompany Profit
Transactions- Bonds
13, 15, 20
October
Chapter 8:
Consolidations-Changes I
Ownership Interests
22, 27, 29
October
3 November
10, 12, 17
November
19, 24
November
Chapter 7, 8, 9
26, November
1 December
Chapter 12:
Derivatives and Foreign
Currency- Concepts and
common transactions
3-10
December
Final Exams
Grading system
1. Class Attendance
2. Quizzes
3. Group Assignment
: 10 %
: 10 %
:5%
4. Chapter tests
5. Midterm test
6. Final Exams
: 25%
: 25%
: 25%