AUSTIN COMMUNITY COLLEGE

Accounting Department

Course Master Syllabus

ACNT 2333

Advanced Financial Accounting

 

 

ACNT 2333  Advanced Financial Accounting:

 

 Methods of measuring and communicating economic information, including consolidated statements, partnerships, real estate, foreign operations, and fund units. Prerequisite: ACNT 2304 or equivalent. (ACNT 2374)

 

Required Texts/Materials:

 

For required texts/materials, go to http://www2.austincc.edu/accting/. Click on Textbooks and First Day Assignments.

 

Instructional Methodology:

 

The objectives of this course will be met by incorporating a variety of instructional methods. These include lecture, case studies, group activities, student presentations, research papers, and/or online accounting and tax database research, periodical research.

 

Course Objectives and Core Competencies:

 

 

 

 

 

 

 

 

 

 

 

 

 

Course Rationale:

 

The goals and objectives of this course prepare students for (1) obtaining or improving job skills, (2) qualifying for a business or accounting job, (3) achieving job advancement, completing the courses required for the Certified Public Accounting (CPA) exam (a minimum of an undergraduate (4 year) degree is required for the CPA exam), (4) preparing for accounting or business certification exams (CMA, CFA, CGFM, CIA, etc), (5) preparing for a master’s program, (6) working as an entrepreneur, (7) completing degree requirements and/or (8) fulfilling personal goals.

 

Scans Competencies:

 

The term SCANS is an acronym for the Secretary’s Commission o Achieving Necessary Skills. The U.S. Department of Labor commissioned a task force in 1990 to examine the demands of the workplace. The Commission’s first report, “What Work Requires of Schools,” identified what employees need to know and be able to do in order to succeed in any occupation. The three primary competencies identified for Intermediate Accounting I are as follows:

 

  1. Use Information Skills: Acquire and evaluate information – Identify and record accounting data related to financial statement topics covered in Advanced Accounting. In addition, we will focus on financial accounting concepts and their relevance when evaluating financial information and alternative reporting methods. Assessment will be based upon homework, lass projects, exams and participation in class discussions.

 

  1. Apply Technology – Identify need for data and uses of technology for processing and recording accounting and financial information. Competently performs the tasks of acquiring data and evaluating information. Assessment will be based on use spreadsheet and word processing programs for preparing accounting homework and use of internet to research and acquire new information.

 

 

  1. Communicate Effectively Through Written Media – Because financial information is not strictly a “numbers language”, effective written communication is a necessity. I expect you to write clearly and concisely on all of your work. If you are unable to demonstrate this ability to write in class, then you will be likely to have the same problems in the business world. Assessment will be based on responses to questions posed in homework, quiz and exam questions, as well as any projects and written papers you turn in.

 

Scholastic Dishonesty:

 

The following statement on scholastic dishonesty must be included: Acts prohibited by the college for which discipline may be administered include scholastic dishonesty, including but not limited to cheating n an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations, and homework.

 

Students with Disabilities:

 The following statement on students with disabilities must also be included: Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reasonable accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester.

 

Course Evaluation/Grading Systems, How to Reach the Instructor, and Corse Outline/Calendar:

 

Refer to the Instructor’s syllabus for this course.