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OFFICE HOURS: As needed

Course Description: A study of the Equity and Cost methods of preparing consolidated financial statements for parent and subsidiary organizations. Prerequisites ACC 3113.

Course Objectives: Introduce many of the procedures involved in preparing consolidated financial statements for parent and subsidiary organizations. Provide the student with a strong foundation for more in-depth study in future advanced accounting courses. Use accounting principles and procedures and the use of worksheets to record combining and elimination entries required to consolidate financial statements.

Text: Advanced Financial Accounting, Richard Baker, Valdean Lembke, and Thomas King, Seventh Edition, McGraw-Hill, 2008. Study Guide for use with Advanced Financial Accounting Seventh Edition, McGraw-Hill, 2008. Both are required!

COURSE REQUIREMENTS AND EXPECTATIONS

Preparation:

This course will be taught as a T-Course, meaning that the course will be taught tutorially. Discussions will be based upon the assumption that all assigned reading and assignments have been completed prior to class.

Completing Assigned Work:

The course will focus on the study guide that accompanies the text. To successfully complete this course, you must work all parts of the study guide. All assigned material will be covered in class. You may work together on study guide assignments.

** I am will be available as needed to assist you with your assignments provided you do the following:

1. You have read the assigned material

2. You have given the assignment your best shot and you have spent an adequate amount of time on it.

3. You come into my office and show me, a). what all you have done and b). the precise point where you are stuck.

Quizzes:

Quizzes will be taken on-line and emailed to me before each chapter is covered in class.

Homework:

In addition to completing the study guide and on-line quizzes, you will be assigned problems from the text for each chapter covered. Most exercises / problems will be on-line and you will be required to use the excel templates.

Exams:

There will be two exams during the course worth 50% of your final grade. Exams will cover reading assignments, lecture notes, homework assignments, etc. If you know you are going to miss an exam, you may make arrangements to take the exam early. Exams will consist of multiple choice and problems. Exam dates will be announced at least two weeks prior to the exam date. You may not share calculators during exams or quizzes.

Attendance:

We will meet each week to review study guide material, and review assigned problems from the text

Academic Honesty:

I am a strong supporter of academic honesty. Any cheating observed will result in an F in the course. I am required to report any incidence of cheating to the school head and academic dean.

Grades:

Exams 50%

Completion of study guide material 30%

Chapter Homework 15%

Quizzes on-line 05%

Total 100%

Grading Scale:

A = 90 – 100%

B = 80 – 89%

C = 70 – 79%

D = 60 – 69%

F = below 60%

**10-point scale

Student Conduct: Lambuth University Student Handbook will serve as our basis of reference. I expect your best effort as you expect mine.

Learning Accommodations:

Learning accommodations will be made for students who have documentation on file with the Director of Student Disability Services. For those students, the following accommodations maybe made if warranted:

1. Extra time to for test taking;

2. Allow the use of a tape recorder to record class discussions;

3. Allow students to have someone else take notes on their behalf.

No other accommodations will be guaranteed, but other accommodations will be considered. The instructor will make the final decision on other accommodations. The instructor will work with the Office of Student Success and Retention to help any student find a tutor.