SYLLABUS

Advanced Financial Accounting I

Prerequisite: Intermediate Accounting II
Credit Hours: 3

Instructor:
Choirunnisa Arifa
Accounting Department, Faculty of Economics and Business, Universitas Gadjah Mada
Office : Accounting Department Office, 2nd Floor West Wing, FEB UGM
Phone : (0274) 548510 ext. 264
Email : choirunnisa_a@ugm.ac.id
Consultation : Flexible, by e-mail appointment

Course Description
Advanced Financial Accounting (AFA) 1 covers current accounting concepts and rules for advanced topics
in financial accounting. In particular, it explains business combinations, consolidated financial statements
including the interests of controlling and non-controlling shareholders. It also discusses intercompany profit
transactions, changes in ownership interests, and indirect and mutual holdings.

Course Objectives
Upon successful completion of this course, students should be able to:
1. Understand accounting concepts, rules and GAAP surrounding financial reporting for the topics
discussed during the course.
2. Demonstrate technical expertise to apply the accounting concepts and the latest corresponding GAAP
(financial accounting standards).

Learning Goals
Completion of the course contributes to the following learning goals and objectives:
Learning Goals
1 Students demonstrate the ability
to communicate
2 Students show the ability of
ethical reasoning
3 Students demonstrate theoretical
and practical understanding of
accounting knowledge
Learning Objectives High Med Low
Students demonstrate the ability to
1.1
deliver written reports
Students demonstrate the ability to
1.2
deliver oral presentations
Students demonstrate ability to
2.1 identify ethical issues in accounting
profession
Students demonstrate ability to
2.2 identify ethical standards in
accounting profession
Students demonstrate an
2.3
understanding of ethical framework
Students demonstrate ability to make a
2.4
choice based on ethical consideration
Students demonstrate theoretical and
3.1 practical understanding of financial
accounting.

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 Students demonstrate theoretical and
3.2
practical understanding of auditing.
Students demonstrate theoretical and
3.3 practical understanding of cost
accounting and managerial control.
Students demonstrate theoretical and
3.4 practical understanding of accounting
information system.
4 Work in team Students demonstrate the ability to
4.1 work with peers from diverse
backgrounds
4.2 Students are present at team meetings
Students participate actively in team
4.3
meetings
Students are committed to work
4.4
together on team assignments
5 Leadership Understand their own strength(s) and
5.1
weakness(es)
Students demonstrate the ability to
5.2
inspire their peers
Students demonstrate the ability to
5.3
direct their peers and team

Course Material
1. Beams, F. A., Anthony, J.H., Bettinghaus, B., and Smith, K.A. 2018. Advanced Accounting. 13th
Edition. Pearson [B]
2. International Financial Reporting Standards (IFRS)
3. International Accounting Standards (IAS)
4. Standar Akuntansi Keuangan (SAK)
5. Other relevant materials.

Teaching Methods
A combination of lecturing, discussion, and problem solving will be applied to this class. Lecturing is
purposed to confirm an understanding of some underlying financial accounting concepts. Most of the
lecturing will be directed to discuss and answer students’ questions. Hence, the most important
requirements for this course are a thorough preparation and reading materials and active participation in the
classroom. Student individually is required to submit the assigned homework (hand written) before each
class meeting. Quizzes may be given periodically at the beginning of lecture sessions without prior notice.
Quiz questions are related to the materials that will be discussed in the session. Students will be given
opportunities to present their solutions to the problem in front of the class for participation marks.

Course Rules
Academic Rules
1. Students must attend every lecture and tutorial. However, in order to provide for illness and such other
contingencies, a minimum 75% attendance has been applied. A student who has not satisfied the 75%
minimum attendance requirement will not be eligible to take the final exam and will receive a grade
of E for this course.
2. There will be no additional/replacement exams for any reason.
3. Academic integrity forms a fundamental bond of trust between colleagues, peers, lecturers, and
students, and it underlies all genuine learning. There is no tolerance for plagiarism or academic

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 dishonesty in any form, including, but not limited to, viewing the exams of others, sharing answers
with others, using books or notes while taking the exam (unless permitted), copying answers or papers,
or passing off someone else’s work as one’s own. A breach of ethics or act of dishonesty can result in
A FAILURE OF AN ENTIRE COURSE (a grade of “E”). For plagiarism, please refer to: (1) how to
avoid plagiarism: http://owl.english.purdue.edu/owl/resource/589/01/; and (2) an example of
plagiarism: http://www.indiana.edu/~wts/pamphlets/plagiarism.pdf
4. Students must read the chapter assigned and are required to do and submit individual homework
assigned and group assignment as requested. Late submissions will not be accepted.
5. The unability to participate in the class will result in the reduction of Marks.
6. Special considerations may be considered only for some force major, by the approval of the Vice Dean
of Academic.

Class Rules/Professionalism
During the term you are expected to conduct yourself with a high level of professionalism:
1. attend class on time
2. prepare for every class meeting
3. hand-in assignments on time
4. respect everyone in the classroom
5. turn-off cell phones and laptops during the class.

Assessment
Components
Your grade will be determined based on your total score on the following items:
Mid Exam 30%
Final Exam 30%
Quizzes 15%
Assignment and Participation/Discussion 25%
100%

Conversion
Your final score will be converted to a course grade based on the following scheme:
A 90 – 100 C+ 55 – 59
A- 85 – 89 C 50 – 54
A/B 80 – 84 C- 45 – 49
B+ 75 – 79 C/D 40 – 44
B 70 – 74 D+ 35 – 39
B- 65 – 69 D 30 – 34
B/C 60 – 64 E 0 – 29

Your final score will be mapped to a course grade based on the following scheme:

Nilai (Grade) Cut Off % Range Cumulative Weighted

Grade
E 0 - 29 0
D 30-34 1
D+ 35-39 1,25
C/D 40-44 1,5
C- 45-49 1,75

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 C 50-54 2
C+ 55-59 2,25
B/C 60-64 2,5
B- 65-69 2,75
B 70-74 3
B+ 75-79 3,25
A/B 80-84 3,5
A- 85-89 3,75
A ≥90 4,0

Course Grading

Grade E: There is no work that can be graded.

Grade D: Fail to demonstrate the major part or the whole part of learing goals.

Grade D+ up to C-: Demostrate a real shortcoming in understanding and applying underlying

concepts; communicate the ideas and informations in incomplete ways or confusing and give just
little attention the conventions of the science field.

Grade C up to B/C: Demonstrate a superficial or partial or erroneous (faulty) understanding of

basic concepts of the field of study and the limited ability to apply the concepts; giving an
unsupported or improper argument; communicate information or ideas with unclear and
inconsistent compliance with disciplinary conventions.

Grade B: demonstrate adequate understanding and application of basic concepts from the field of
study; building arguments or decisions and providing acceptable justification; communicating
information and ideas adequately in terms of disciplinary conventions.

Grade B+ and A/B: demonstrate a substantial understanding of basic concepts in various contexts;
develop or adapt convincing arguments and provide a comprehensive justification; communicating
information and ideas adequately in terms of disciplinary conventions.

Grade A-: like B+, with much evidence of originality in defining and analyzing issues or problems
and in creating solutions; using levels, styles and suitable communication means to the discipline
of science and audience.

Grade A: like A-, with consistent evidence of substantial originality and understanding in
identifying, producing and communicating conflicting arguments, perspectives or problem solving
approaches; critically evaluate the problem, its solutions and the implications of the problem.

Course Outline

Week Topic Reference Homework

1 Syllabus Syllabus
TBA
(13/8/18) Business Combination [B – 1]

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 Week Topic Reference Homework
2 Stock Investments – Investor Accounting and
[B – 2] TBA
(20/8/18) Reporting
3
Consolidated Financial Statements [B – 3] TBA
(27/8/18)
4
Consolidation Techniques and Procedures [B – 4] TBA
(3/9/18)
5
Intercompany Profit Transactions – Inventories [B – 5] TBA
(10/9/18)
6
Intercompany Profit Transactions – Plant Assets [B – 6] TBA
(17/9/18)
7
Intercompany Profit Transactions – Bonds [B – 7] TBA
(24/9/18)
Mid-Exam Chapter 1-7
8
Changes in Ownership Interests (1) [B – 8] TBA
(15/10/18)
9
Changes in Ownership Interests (2) [B – 8] TBA
(22/10/18)
10
Indirect and Mutual Holdings (1) [B – 9] TBA
(29/10/18)
11
Indirect and Mutual Holdings (2) [B – 9] TBA
(5/11/18)
12
Subsidiary Preferred Stock and Consolidated EPS (1) [B – 10] TBA
(12/11/18)
13
Subsidiary Preferred Stock and Consolidated EPS (2) [B – 10] TBA
19/11/18)
14
Consolidation Theories [B – 11] TBA
(26/11/18)
Final Exam Chapter 8-11

Office Appointments
One-to-one consultations are available for students, please send an email to make an appointment. In order
to be better prepared for the meeting, please provide a general idea about the issues to be discussed.

**All the best!!**