ACCT 414: Advanced Accounting FALL QUARTER 2012 Version 1.0 9/8/12
Instructor: Michael S. Luehlfing PhD, CPA, CMA (a.k.a., Mike Lil-fing)
Office Address: COBB 307
E-Mail: firstname.lastname@example.org or email@example.com
Telephone: TECH Office 257-3490 (or 2822); Home Office 513-9247
Office Hours: M&W 12:40-2:00 PM and 3:50-5:30; T&TH 3:00-4:00 PM & 5:50-6:50 PM; and by appointment
Course Description: Study of business combinations and consolidated financial statements; partnerships; and, international
Course Prerequisites: Accounting 305
Special Accommodations: Please inform me if you are in need of any special accommodations for this class. You will also need to
consult with the Office of Disabled Student Services.
ENS: You are encouraged to enroll in the Emergency Notification System. This can be accomplished via the BOSS system.
Course Objectives/Topics: The purpose of this course is to introduce and develop knowledge with regards to the accounting for
business combinations, the preparation and understanding of consolidated financial statements, the proper accounting for derivatives,
the translation of currencies for the purpose of preparing financial statements, and the proper accounting for the formation, operation,
and dissolution of partnerships.
Attendance Requirements: Regular attendance is required in this course. The class attendance policy as stated in the 2012-2013
Louisiana Tech University Bulletin will be followed.
Honor Code: The Louisiana Tech Honor Code can be found at the following website: http://www.latech.edu/documents/honor-
Resources: Textbook: Advanced Accounting (2ed) by Hamlen, Huefner and Largay (Cambridge Business Publishers: 2013); Outside
reading and research may be required.
Moodle: The syllabus, assignment sheet and other class information will be available on Moodle.
Class Continuance During Emergency Closure of the University: In the unlikely occurrence of a major natural disaster or other
catastrophic event, we will continue to conduct class via Moodle. You will need to find a location where you have computer access,
and we will continue with our class though this media. You may need to go directly to Moodle’s off campus website (URL is
http://moodle.latech. edu) should TECH’s system become inoperative. Moodle has considerable redundancy and should maintain its
Homework: The material covered in this course is cumulative and of a technical, analytical nature. To learn the material adequately
the student must study consistently—giving full attention to what is being studied. Homework is an essential part of the learning
Note: “In the event of a question regarding an exam grade or final grade, it will be the responsibility of the student to retain and
present graded materials which have been returned for student possession during the quarter.”
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Grade Determinants (All ACCT 414 students)--see Moodle for additional information.
Four “Non-Final” Exams @ 50 points each –these exams primarily consist of problems
One “Final Exam” (Exam V) @ 20 points each—this exam consists of all essay questions
Make-Up Exams: If you miss an exam then you must take a Comprehensive Make-Up Exam at the end of the quarter (time and
date to be determined by Instructor). The Comprehensive Make-Up Exam may vary with the student (in terms of content as well
as total points) given that each student may miss a different exam (or different exams). There are no “drop exams” (etc.).
Additional Grade Determinants (For Graduate Credit Students Only): If you desire graduate credit for ACCT 414 (i.e., ACCT
414G) and you are a concurrent or graduate student (etc.), then you need to notify me via e-mail by 9/24/12 that you both desire and
qualify for graduate credit for ACCT 414. In order to earn graduate credit, all qualified students must complete a paper (worth 30
possible points) on a topic approved in advance by the Instructor. The topic should be submitted (for approval via e-mail) to the
Instructor prior to 10/1/12 if not earlier—topics are approved on a “first-come first–serve” basis—please don’t wait until the deadline
date to select a topic. Additionally, a brief Powerpoint presentation of the paper (worth 10 possible points) is also required for
graduate credit. Please see Moodle for additional information concerning the paper and presentation. NOTE: Time will be provided
during and/or after most classes for paper/presentation development/consultation. However, the Instructor will not edit (or “pre-
approve”) specific elements of your paper/presentation.
Grade Determination Summary:
Total Possible Points for ACCT 414U: 220
Total Possible Points for ACCT 414G: 260
Scale: 90-100 % A; 80-89 % B; 70-79 % C; 60-69 % D; and Below 60% F
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Date Day Expected Chapter/Topic/Activity Expected Assignment/Activity (see Moodle)
9/10 M Introduction Bring “Syllabus” To Class
9/10 M Introduction Discuss “Essay Question” Final Exam (i.e., Exam V)
9/10 M Chapter 1 E1.5 to E1.12
9/10 M Chapter 2 E2.1 to E2.12
9/12 W Chapter 3 E3.7, E3.8, E3.10, E3.11 and E3.12
9/17 M Catch-Up Class To Be Determined
9/19 W Exam I Chapters 1-3: Date of Acquisition Accounting and Reporting
9/24 M Chapter 4 E4.3, E4.4, E4.7, E4. 9, E4.10, E4.11, E4.13 and P4.1
9/24 M Chapter 5 E5.2 to E5.5, E5-7 to E5.9, P5.1 and P5.13
9/26 W Chapter 6 E6.1 to E6.12
10/1 M Chapter 6 P6.1, P6.5, P6.6 and P6.12
10/3 W Catch-Up Class Primary Focus: Complete/Full Equity Method
10/8 M Exam II (Cumulative) Chapters 4-6: Post-Acquisition Accounting (Bookkeeping)
10/10 W Consolidation Worksheet Revisited Primary Focus: Consolidation Worksheet
10/15 M Exam III (Cumulative) Chapters 4-6: Post-Acquisition Reporting
10/17 W Chapter 7 E7.2, E7.6, E7.8, E7.9, E7.10 to E7.13, P7.4, P7.5, P7.8, P7.10,
P7.11 and P7.12
10/22 M Chapter 8 E8.3 to E8.12, P8.3, P8.4, P8. 5, P8.8, P8.10, P8.12 and P8.13
10/24 W Chapter 9 E9.1 to E9.12, P9.5, P9.6, P9.7, P9.10 and P9.12
10/29 M Chapter 14 E14.1 to E14.15, P14.12 and P14.13
10/31 W Catch-Up Class To Be Determined
11/5 M Exam IV (Non-Cumulative) Chapters 7, 8, 9 and 14 (International Accounting and
11/7 W Presentations Fall Quarter Degree Candidates (COB Graduate Credit
“ACCT 414G” Requirement) *
11/12 M Exam V (Final Exam) Essay Questions (COB Writing Requirement)
11/14 W Presentations Non-Fall Quarter Degree Candidates (COB Graduate Credit
“ACCT 414G” Requirement) **
PAPER AND PRESENTATION DEADLINES---GRADUATE CREDIT “ACCT 414G” REQUIREMENTS
* Fall Quarter Degree Candidates (COB Graduate Credit “ACCT 414G” Requirement): Presentation is to be e-
mailed to the Instructor prior to 1 pm on 11/7/12. The related paper is to be e-mailed to the Instructor prior to 1
pm on 11/12/12.
** Non-Fall Quarter Degree Candidates (COB Graduate Credit “ACCT 414G” Requirement): Presentation is to be
e-mailed to the Instructor prior to 1 pm on 11/14/12 (or 11/7/12, if applicable). The related paper is to be e-mailed
to the Instructor prior to 1 pm on 11/14/12.
NOTE: 10/26/12 is the last day to drop/resign with “W” grades.
NOTE: Fall Quarter Degree Candidate grades are due on FACULTY BOSS @ 12:00 noon on 11/14/12. Please
contact me via e-mail prior to 10/2/12 if you are a Fall Quarter 2012 degree candidate (undergraduate/ concurrent
or graduate). A degree candidate must complete all course requirements prior to 3:50 pm on 11/12/12.
NOTE: Answers to the Multiple Choice Questions (found at the end of each Chapter) are
provided on Moodle (under “Selected Homework”).