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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 411 (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 continuation Advanced Accounting 1, covers the topics: Partnership;
Consolidation Theory, Push-Down Accounting; Derivatives, Foreign Currencies and
Hedging; Foreign Currency Financial Statement; Segment and Interim Financial Reporting;
and Corporate Liquidations and Reorganization.
Prerequisite: AKUN 410
.
Course Objectives:
Students will be required to analyse corporate financial records and address specialized
advanced accounting issues in Partnership, Consolidation Theory and Push-Down
Accounting, Derivatives/Foreign Currencies and Hedging, Segment and Interim Reporting,
and Corporate Liquidations and Reorganization. Upon successful conclusion of Advanced
Liquidation
Segment and Interim Reporting
Corporate Liquidation and Reorganization
Consolidation theory, Push-Down Accounting and Corporate Joint Ventures
Derivatives and Foreign Currency: Concepts and Common Transactions
Derivatives /Hedging Activities and Foreign Currency Financial Statements
This course seeks to prepare students for careers in both private and public accounting,
finance, and business consulting. Specifically, it is intended to promote honesty and
integrity in dealing with accounting issues as well as good judgment, critical thinking and
technical competency, help develop life-long research skills, foster communication skill
development.
Learning Method and Class requirements
1.
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.
Topics
Chapter 16 :
Partnership-Formation,
Operations, and Changes in
Ownership Interest
26, 28 January
Chapter 17:
Partnership Liquidation
2 February
4, 9 February
Chapter 15:
Segment and Interim
Reporting
11, 16, 18
February
Chapter 18 :
Corporate Liquidations and
Reorganization
Learning Objectives
Comprehend the legal characteristics of
partnership
Understand initial investment valuation and
record keeping
Grasp the diverse nature of profit and loss
sharing agreements and their computation
Value a new partners investment in an existing
partnership
Value a partners share upon retirement or death
Understand limited liability partnership
characteristics
Understand the legal aspects of partnership
liquidation
Apply simple partnership liquidation
computations and accounting.
Perform safe payment computations
Understand instalment liquidation
Learn about cash distribution plan for
instalment liquidation
Comprehend liquidation when either the
partnership or the partners are insolvent
Test 1
Understand how the management approach
is used to identify potentially reportable
operating segment
Apply the threshold test s to identify
reportable operating segment: the revenue
test, the asset test, and the operating profit
test.
Apply the 75% external revenue test to
determine whether additional segments must
be reported
Understand what segment disclosures are
reconciled to the consolidated amounts
Know the types of enterprise-wide
disclosures related to products and services,
geographic areas, and major customers need
to be disclosed.
Understand the similarities and differences
in the reporting of operations in an interim
versus an annual reporting period
Compute interim period income tax expense
23 February
25 February
2, 4 March
9, 11
March
16 March
18, 23, 25
March
30 March
1, 6 April
8 April
13, 15
April
20,22, 27
April
Prepare
consolidated statements when the
Chapter 9:
parents controls through indirect holdings.
Indirect and Mutual Holdings
Apply consolidation procedures to the special
case of mutual holdings.
Modify consolidation procedures for subsidiary
with outstanding preferred stock.
Chapter 10:
Subsidiary Preferred Stocks, Calculate basic and diluted EPS for
consolidated entity.
Consolidated Earnings per
share and consolidated Income Understand the complexities of accounting for
taxation
income taxes by consolidated entities.
Electronic supplement : Account for branch
operations
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%