UNIVERSITY OF TEXAS AT DALLAS

SCHOOL OF MANAGEMENT
Course: AIM 6333
Advanced Financial Reporting
Summer 2005

Instructor: Liliana Hickman-Riggs, CPA CITP CMA CIA CFE DABFA MS

Item Phone Location

Campus 972 883-5903 SOM 4.228
Business 214 378-5400 (# to call for a timely answer)
Fax 469 232-0768
Email please llh017100@utdallas.edu
use Both liliana@accounting.net
Office Hours Tuesday 4:30 – 5:45 PM
Thursday 4:30 - 5:45 PM or by appointment
Website http://www.utdallas.edu/~llh017100/
Course Credits Time/Day
AIM 6333 11360-521 3 credit hours Tuesday 6:00-10:00 pm
Textbook Internet Access
Advanced Accounting, Hoyle, Schaefer, Doupnik, 7 th http://mhhe.com/business/accounting/hoyle7e
Edition McGraw Hill
Miscellaneous Information
Last day to drop the course with a "W": June 27, 2005

COMMENTS:
Advanced Accounting is a difficult and rewarding course, which can add vastly to your financial knowledge.
You must devote adequate preparation time to successfully complete the course. Text chapter reading
assignments and homework problems are indicated on the attached schedule. Chapter reading assignments
should be completed in a timely manner. The assignment schedule may be modified during the semester if
necessary. All efforts will be put forward to cover each chapter in a detailed manner. However, because of the
quantity of material to be covered, an in depth study of each chapter is impossible. It is the responsibility of
the student to cover any portions not fully explained in class unless otherwise advised.

COURSE REQUIREMENTS
1. Two exams
2. Summary Papers
3. Analysis Cases
4. Electronic spreadsheets
EXAMINATIONS:
There will be three regular closed book examinations, each covering the chapters as indicated on the assignment
sheet. Exam dates are firm and No make up tests are allowed . Each test is a combination of problems
and multiple choices. Assume there will be at least one problem and 5-6 multiple choice questions per chapter.
Partial credit is given for well- labeled steps and computations, even if the conclusion reached is incorrect.
However, you must leave a clear paper trail of your thought processes and understanding for me to follow.
Please bring a Scantron form 882-E at each examination. No scratch paper is allowed in the examination.

GRADING:
Scale -Minimum values-: A = 270, B = 240, C = 210

Two examinations @ 100 points each 200

Summary Papers Chaps., 13 &19 (20 points each)* 40
Analysis Cases 3 @ 10 points each 30
Electronic spreadsheets (SPATS) 3@ 10 points each _30
Total points 300

The Analysis Cases and SPATS:

(http://highered.mcgraw-hill.com/sites/0072523514/student_view0/)
Must be emailed by the scheduled time. I will promptly acknowledge the receipt of your e-mail and will
correct your work at a later time. Be careful, strange things tend to happen in cyberspace. If you don’t receive
my acknowledgement assume your e-mail has not reached me and take the necessary steps to contact me.
• The cases in your book are due via e-mail by midnight of the day due.
• The problems will be posted on line and are due via e-mail by midnight of the day due.
• Be sure you put your full name and the course number on the attachment you send.
• Best practice use both e-mail addresses

SUMMARY PAPERS
* Chapters 13 and 19 will not be covered in class due to time constraints. However, you are responsible for reading the
chapters and for writing a short (1-2 pages) synopsis about your understanding of the material for each chapter.
“Understanding” and “copying” from the book are two different things. Through the short recap I will glean that you
have indeed read the material and learned the major points the chapters illustrate. Chapter 12 will not be covered as well,
or it will be very briefly. It is still your responsibility to read it and to obtain some knowledge about the SEC reporting
requirement and complete the internet requirement (instead of a summary paper).

The “Ten Criteria” (10 points each) that will be used as a “Scoring Guide” to evaluate your work are:
1. Mastery of Accounting Concepts
Demonstration of thorough understanding of the Accounting Principles learned and their applications.
2. Responsiveness to the Assignment
Assignment directly and completely accomplished in an exceptional manner.
3. Appropriateness for the Audience
Effective point of view, tone, and attitude toward content.
4. Coherent Organization
Clear transitions and logical progression of ideas, major points, and conclusions.
5. Critical Supporting Analysis
The main points of the paper are supported by relevant and specific details.
6. Clarity and Conciseness
Clear, efficient well constructed sentences with specific appropriate vocabulary.
7. Correct Use of Mechanics
English is characterized by correct adherence to conventions of grammar, capitalization, and spelling.
8. Citation and Documentation
Clearly incorporates material into the paper, documents sources accurately.
9. Visual Presentation
Graphics, charts, and visual aids are effectively used to enhance contexts.
10. Overall Evaluation
The paper accomplishes the purpose of the assignment. The writer keeps a narrow focus on the topic while
providing the reader a broad exposition on the subject.

ATTENDANCE POLICY: Required

There is a direct relationship between attendance at every class and successful completion of the course.
Assignment changes and announcements may be made in class, and students are responsible for these,
irrespective of attendance or nonattendance at the time of the announcement.

METHOD OF PRESENTATION:
The theory and philosophy of accounting will be presented through lectures supplemented with handouts and
overhead transparencies as needed. Your participation is essential.

COURSE OBJECTIVES:
The course continues the emphasis on accounting concepts and theory; analysis of liabilities and equities;
alternative accounting methods for special topics such as leases, pensions, deferred income taxes; changes and
error analysis and, more advanced aspects of accounting theory. At the conclusion of the course, you should
have a thorough knowledge of the appropriate financial statement presentation of these topics, including the
rationale behind the relevant standards. If you are planning to sit for the CPA exam, Issues in Financial
Accounting as a whole, is highly tested and roughly comprises 55-60% of the Financial Accounting and
Reporting section.

READING ASSIGNMENTS:
Text chapter reading assignments and homework problems are indicated on the attached schedule. Work as
much of the homework as you can. Although many of the assigned exercises/problems will be used to illustrate
class lectures, the ultimate responsibility for understanding is yours. Your homework will not be graded;
however, to receive maximum benefit from the class, homework assignments should be completed soon after
the class.

ACADEMIC ETHICS:
All students are expected to behave in accordance with the academic integrity policy of The University of Texas
at Dallas. A student's personal integrity will be essential to successfully completing this course.

AMERICANS WITH DISABILITIES ACT COMPLIANCE:

It is the policy of The University of Texas at Dallas to provide reasonable accommodations for qualified
individuals who are students with disabilities. This University will adhere to all applicable Federal, State and
local laws, regulations and guidelines with respect to providing reasonable accommodations as required to
afford equal educational opportunity. It is the student's responsibility to contact the faculty member and/or the
Service for Students with Disabilities in a timely manner to arrange for appropriate accommodations.

STRATEGIES FOR SUCCESS:

To further ensure your success, I suggest you follow these strategies:
• Participate in Class: ask questions, contribute answers, offer feedback
• Reinforce your understanding with reading the chapters before and after class
• Apply your knowledge to problem solving, the more problems you solve, the better you learn
• Do, do, do enough exercises to turn the “theoretical information” into “practical skills”
• Re-do homework, to become proficient. Copying solutions ? working problems
• “Read the English!” If you understand the question you will find a correct solution
• Analyze and learn from your mistakes. Failure is a great way to learn. Preparation is success
• Exchange phone number with a classmate; in case you miss a class you must stay informed

LEARNING OUTCOMES:
After successful completion of this course, the student should be able to perform Accounting:
• for long-term liabilities and interest components
• for current and contingent liabilities
• for debt securities, premiums, discounts, effective interest method
• for derivatives, risk analysis and their various applications
• for troubled debt restructuring and extinguishment of debt transactions
• for operating leases, capital leases, and lease-purchase transactions
• for pension costs, plan assets, and pension funding requirements
• for dividend transactions
• for alternative methods of revenue recognition.
• for long-term investments
• for changes in principles, in estimates

AND

• Demonstrate knowledge of the corporate form of organization and categories of corporate equity
transactions, including treasury stock, stock rights, and stock options
• Analyze accounting changes and error corrections
• Apply interim reporting requirements
• Prepare and interpret a statement of cash flows
• Identify capital structures and calculate primary and fully diluted earnings per share
• Demonstrate knowledge of proper financial presentation and disclosure requirements for all topics
covered in the course
• Apply the skills of critical thinking (knowledge, comprehension, application, analysis, synthesis, and
evaluation) to solve problems and to support statements of beliefs and opinions. Link and synthesize
information learned in this course to the greater body of knowledge related to the discipline
• Any others deemed important by the instructor
 Class Schedule 6333 Advanced Financial Accounting
Summer 2005
Modifications will be made if necessary at the instructor’s discretion

Class Chapters and Reading Problems/Analysis Cases/SPATS

Dates (spreadsheet application see preface X)
5/17 Introduction to the course
5/24 Chapter 1: The Equity Method of Accounting for Problem 1-11, 13, 20, 23
investments Chapter 1 Analysis Case due 5/24
Chapter 2: Consolidation of Financial Information Problem 2-11, 14, 16, 19, 25, 35
SPATS Chapter 2 Problem 26 due 5/24
5/31 Chapter 3: Consolidations- Subsequent to Problem 3-3, 4, 12
Acquisition
Chapter 4: Consolidations and Outside Ownership Problem 4-4, 5, 13, 20, 21, 28
Interests SPATS Chapter 4 Problem 34 due 5/31
6/7 Chapter 5: Intercompany Asset Transactions Problem 5-4, 5, 7,12, 21
Chapter 6: Intercompany Debt and Other Issues Problem 6-10,17, 24, 30
Chapter 7: Income Taxes (Partial) Problem 7-8, 12,13,15
6/14 Midterm Exam
Chapters 1-7 Multiple Choices, Problems/OOFs
Summary Paper Chapter 13 due 6-21
Summary Paper Chapter 19 due 6-21
6/21 Chapter 16 and 17: Accounting for State and Local Problem 16-7, 10, 18, 28, 32
Governments Problem 17-2, 4, 9-12, 26-31, 35, 37
SPATS Chapter 17 Problem 39 due 6/28
6/28 Complete 17 if needed
Chapter 18: Accounting and Reporting for Private Problem 18-1, 2, 4, 9, 10, 11, 12, 26, 31, 37
Not-for-Profit Organizations
7/5 Chapter 9: Foreign Currency Transactions and Problem 9-7, 12, 23, 28, 31
Hedging
Chapter 10: Translation of Foreign Currency Problem 10-12,15,22,25
Financial Statements Chapter 10 Analysis Case due 7/12
7/12 Chapter 14 and 15: Partnership: Formation, Problem 14-4, 6, 9, 10, 20
Operation and Liquidation Problem 15-5, 10, 15, 20
Chapter 12 Analysis Case due 7/19
7/19 Chapter 8: Segmental Reporting Problem 8-12, 13, 15
Chapter 11: Worldwide Accounting Diversity and Problem 11-1, 3, 4, 8
International Accounting Standards
7/26 Final Examination:
Chapters 8-11 & 14-18 Multiple Choices, Problems/OOFs