ACC 3030 A01 (3 CH) ADVANCED ACCOUNTING

SUMMER 2020 TR 6.00– 9.45 pm

CONTENTS CONTENTS ............................................................. 1

INSTRUCTOR ......................................................... 1

COURSE DESCRIPTION........................................... 1

COURSE OBJECTIVES ............................................. 1

COURSE MATERIALS .............................................. 2

COURSE FORMAT .................................................. 2

ASSESSMENT OF LEARNING .................................. 2

MISSED EXAM ....................................................... 4

ATTENDANCE POLICY ............................................ 4

TENTATIVE CLASS SCHEDULE ................................ 4

RECOMMENDED TEXTBOOK QUESTIONS ............. 6

THE CPA CANADA HANDBOOK ............................. 7

INTENDED LEARNING OUTCOMES ........................ 8

ACADEMIC INTEGRITY POLICY .............................. 9

Typical Penalties for Academic Dishonesty in the Asper School ....................................................... 10

STUDENT SERVICES AND SUPPORTS ................... 11

INSTRUCTOR Name: Noha Ghattas Office: 362 Drake Centre Phone: 204-474-8271 Email: noha.ghattas@umanitoba.ca Office Hours: By appointment on Webex COURSE DESCRIPTION This course includes discussing certain topics about partnerships, consolidations, mergers, reporting

on conglomerates, and fund accounting. It builds on technical skills and conceptual understanding

developed in earlier courses, particularly ACC 2010 and ACC 2020. Its primary focus is on accounting

for long-term inter-corporate investments, particularly methods of consolidation accounting. There is

also coverage of accounting for foreign currency transactions and accounting for non-for-profit

organizations.

COURSE OBJECTIVES On course completion you will be expected to have developed:

1. technical and procedural skills required to deal with the topics listed above; 2. the ability to apply conceptual principles when selecting appropriate accounting policies in different circumstances; and 3. the ability to assess a situation, identify issues and alternatives, and formulate recommendations using professional judgment. COURSE MATERIALS • Herauf and Hilton, 2019, Modern Advanced Accounting in Canada (9th edition) published by McGrawHill Ryerson Ltd. Canada (available in Bookstore). • Class notes, solutions to assigned homework & sample exams are available on UM Learn. COURSE FORMAT The course will be conducted principally as a lecture-style class, with some in-class discussion and activities involving the application of accounting principles. Readings, as indicated in the class schedule, have been selected and assigned for each topic covered in the course. The readings will be most effective if completed prior to class. Lectures will be conducted online through Webex and the lectures will be recorded. Students can access the recording through Webex recordings. All ACC 3030 course materials (including, but not limited to, lectures, class notes, and examinations) are made available for private study and must not be published or distributed in any format without express permission. ASSESSMENT OF LEARNING

Online Midterm Examination: Chapters 1 to 7

June 16, 7:00 – 9:00 pm 40%

Online Assignments: 15% Online Final Examination Cumulative Final Exam

TBD

45%

Total 100.0%

Letter Grades When all scores are in after the final exam, letter grades are then determined based on distribution. In the past, the weighted course average has been in C or C+ range. Please note that all final grades are subject to departmental review. Online Assignments Students will complete 5 online assignments through Connect associated with required textbook. The Connect code is required for online assignments. Please refer to “Connect Instructions” available on UM Learn for registration guidance. Students could earn a maximum of 3% (90% correction) course credit for each assignment submitted before the due date. Unlimited attempts for marks are allowed until the due date, and the best attempt (not the last attempt) will be recorded for grading.

Late submissions are not allowed.

Technical issues are not an excuse for due date extension.

It is the student responsibility to check the assignment grade after each submission. Any problem with the online gradebook will not be considered after July 3.

Assignment Due by 11:59 PM on

Assignment 1 (Q1 and Q2 from Ch2; Q3 from Ch3) June 7

Assignment 2 (Q1 from Ch4; Q2 from Ch5) June 12

Assignment 3 (Q1 from Ch6; Q2 from Ch7) June 14

Assignment 4 (Ch8) June 21

Assignment 5 (Q1 from Ch10; Q2 from Ch11) July 3

Use the following link to register

https://connect.mheducation.com/class/n-ghattas-acc-3030---spring2020 Examinations All exams will be conducted online. The exams will be an open book exam.

The midterm exam will test all material covered in chapters 2-7. The final exam will test all material covered throughout the entire course.

MISSED EXAM

A grade of zero will be given to the missed midterm exam without a legitimate reason. Students who

miss the midterm exam for a legitimate reason (e.g., medical, compassionate, or university sports team

travel) should inform me with suitable documentation within five working days of the missed

examination date to have the weight of the missed midterm added to the final examination. Conflicts

with employers do not qualify as legitimate reasons to miss any exam.

Students who miss the final exam must apply to their home Faculty’s Undergraduate Program Office

(268 Drake, if you are an Asper student) for possible deferred examination privileges. The instructor is

not able to grant such permission or make related accommodations or arrangements.

ATTENDANCE POLICY Attendance to the course lab is STRONGLY ENCOURAGED, but attendance is not mandatory. Attendance may be taken in the lab for purposes of evaluating the usefulness of labs but will not affect your grade in the course. TENTATIVE CLASS SCHEDULE

You will find that the course progresses quickly, and the material covered builds on earlier material. It is

important to stay current in your study, otherwise you will likely have difficulty understanding the new

material as it is presented. If you read the text in advance of the relevant classes, you will have a much

better chance of understanding the material as it is taught.

Date Topic Readings*

June 2

Investment in Equity Securities Business Combinations

Chapter 2 Chapter 3

June 4

Business Combinations Consolidation on Acquisition Date

Chapter 3 Chapter 4

June 7 Due date of Assignment 1

June 9

Consolidation on Acquisition Date Consolidation Subsequent to Acquisition Date

Chapter 4 Chapter 5

June 11 Intercompany Transactions

Chapter 6 and 7A (omit Ch7B, p.375-394)

June 12 Due date of Assignment 2

June 14 Due date of Assignment 3

June 16 Mid Term Exam

June 18 Ownership Issues Chapter 8

(omit LO1, p.431-434)

June 21 Due date of Assignment 4

June 23 Joint Arrangements Foreign Currency Transactions

Chapter 9 LO2 p.511-525 Chapter 10 (omit LO5 & 6, p.592 - 605)

June 25

Foreign Currency Transactions Translation and Consolidation of Foreign

Chapter 10 (omit LO5 & 6, p.592 - 605) Chapter 11

Operations

June 30 Translation and Consolidation of Foreign Operations Chapter 11

July 2 Accounting for Not-for-Profit Organizations Chapter 12

July 3 Due Date of assignment 5

*Omit appendix and “ASPE Differences” for all chapters.

RECOMMENDED TEXTBOOK QUESTIONS

Chapter In-class Exercise* Recommended Questions

2 Problems: 3,7 Review Questions: 4, 5, 6, 7, 9

Problems: 1, 2, 5, 8

3 Problems: 7,13 Review Questions: 4, 9, 10, 11, 13

Problems: 2, 5, 7a, 8, 13

4 Problems: 4,6 Review Questions: 1, 3, 6, 10, 12

Problems: 1, 2, 9, 11

5 Problem:8,13 Review Questions: 3, 8, 11, 12, 17

Problems: 2ab, 5, 7, 12, 13abc, 14

6 Problem: 7 Review Questions: 5, 6, 7, 10, 11, 12, 13

Problems: 3, 5abc, 11, 13abc, 15

7 Problem: 14abcd Review Questions: 1, 4, 5, 6

Problems: 1, 4, 5, 7, 8a, 17abcd

8 Problems: 6,7, 10 Review Questions: 6, 7, 8, 10, 14, 15

Problems: 3, 6, 8, 10, 12, 15ac

9 Problems: 11, 12 Review Questions: 5, 6, 7

Problems: 13, 14

10 Problems:7 Review Questions: 1, 5, 6, 11

Problems: 1ab, 3, 7ab

11 Problem: 1,13 Review Questions: 1, 7, 9, 10, 11, 12, 14

Problems: 3ab, 9, 11, 13, 14

12 Problems: 4,8,11,12 Review Questions: 9, 11, 12

Problems: 1, 4, 8

*subject to change; preview the chapter and the assigned in-class exercises before each class

will maximize your benefit of attending class.

THE CPA CANADA HANDBOOK

The CPA Canada Handbook – Accounting is available in electronic format on the University

of Manitoba Libraries website. To access the Handbook:

• From the University of Manitoba homepage (www.umanitoba.ca), click on Libraries

under “Resources” block.

• Click “Databases A-Z;” enter “CPA Canada Standards & Guidance Collection” and click “Go.”

• If you are accessing the Handbook from off campus, you will then have to enter your Library ID and PIN (if you do not know your Library ID and/or PIN, there is a link on

this page that will help you) and click on “Login”.

• On the Knotia.ca page, click on “CPA Canada Standards and Guidance Collection (CPACHB)”.

• The most efficient way to access a particular section in the Handbook is to enter the

section number in the “Fetch” box and click on “Go”.

INTENDED LEARNING OUTCOMES

AACSB Assurance of Learning Goals and Objectives The Asper School of Business is proudly accredited by AACSB. Accreditation requires a process of continuous improvement of the School and our students. Part of “student improvement” is ensuring that students graduate with the knowledge and skills they need to succeed in their careers. To do so, the Asper School has set the learning goals and objectives listed below for the Undergraduate Program. The checked goal(s) and objective(s) will be addressed in this course and done so by means of the items listed next to the checkmark.

Goals and Objectives in the Undergraduate Program

Goals and Objectives Addressed

in this Course

Course Item(s) Relevant to these

Goals and Objectives

1 Quantitative Reasoning

A. Determine which quantitative analysis technique is appropriate for solving a specific problem.

In-class problems and assigned homework

B. Use the appropriate quantitative method in a technically correct way to solve a business problem.

In-class problems and assigned homework

C. Analyze quantitative output and arrive at a conclusion.

In-class problems and assigned homework

2 Written Communication

A. Use correct English grammar and mechanics in their written work.

B. Communicate in a coherent and logical manner

C. Present ideas in a clear and organized fashion.

In-class problems and assigned homework

3 Ethical Thinking

A. Identify ethical issues in a problem or case situation

In-class problems and

assigned homework

B. Identify the stakeholders in the situation.

In-class problems and

assigned homework

C. Analyze the consequences of alternatives from an ethical standpoint.

In-class problems and

assigned homework

D. Discuss the ethical implications of the decision.

In-class problems and

assigned homework

4 Core Business Knowledge Entire course

ACADEMIC INTEGRITY POLICY It is critical to the reputation of the Asper School of Business and of our degrees that everyone associated with our faculty behave with the highest academic integrity. As the faculty that helps create business and government leaders, we have a special obligation to ensure that our ethical standards are beyond reproach. Any dishonesty in our academic transactions violates this trust. The University of Manitoba General Calendar addresses the issue of academic dishonesty under the heading “Plagiarism and Cheating.” Specifically, acts of academic dishonesty include, but are not limited to:

using the exact words of a published or unpublished author without quotation marks and without referencing the source of these words

duplicating a table, graph or diagram, in whole or in part, without referencing the source paraphrasing the conceptual framework, research design, interpretation, or any other ideas of

another person, whether written or verbal (e.g., personal communications, ideas from a verbal presentation) without referencing the source

copying the answers of another student in any test, examination, or take-home assignment providing answers to another student in any test, examination, or take-home assignment taking any unauthorized materials into an examination or term test (crib notes) impersonating another student or allowing another person to impersonate oneself for the

purpose of submitting academic work or writing any test or examination stealing or mutilating library materials accessing test prior to the time and date of the sitting changing name or answer(s) on a test after that test has been graded and returned submitting the same paper or portions thereof for more than one assignment, without discussions

with the instructors involved Group Projects and Group Work

Many courses in the Asper School of Business require group projects. Students should be aware that group projects are subject to the same rules regarding academic integrity. All group members should exercise special care to ensure that the group project does not violate the policy on Academic Integrity. Should a violation occur, group members are jointly accountable unless the violation can be attributed to specific individuals.

Some courses, while not requiring group projects, encourage students to work together in groups before submitting individual assignments. If it’s unclear whether it is allowed, students are encouraged to seek clarification from the instructor to avoid violating the academic integrity policy. In the Asper School of Business, all suspected cases of academic dishonesty in undergraduate courses are reported to the Dean's office and follow the approved disciplinary process. See following table for typical penalties for academic dishonesty in the Asper School.

Typical Penalties for Academic Dishonesty in the Asper School

If the student is from another Faculty and the academic dishonesty is committed in an Asper course, the student’s Faculty could match or add penalties beyond the Asper School’s.

F-DISC on transcript indicates the F is for disciplinary reasons.

ACADEMIC DISHONESTY PENALTY

Cheating on exam (copying from or providing answers to another student)

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Sharing exam questions electronically during exam

F-DISC in course Suspension from taking Asper courses for 2 years Notation of academic dishonesty in transcript

Possession of unauthorized material during exam (e.g., cheat notes)

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Altering answer on returned exam and asking for re-grading

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Plagiarism on assignment F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Submitting paper bought online F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Inappropriate Collaboration (collaborating with individuals not explicitly authorized by instructor)

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Group member had knowledge of inappropriate collaboration or plagiarism and played along

F-DISC in course Notation of academic dishonesty in transcript

Signing Attendance Sheet for classmate F-DISC in course Notation of academic dishonesty in transcript

Impersonation on exam Expelled from the University of Manitoba and reported to Winnipeg Police

STUDENT SERVICES AND SUPPORTS

The University of Manitoba provides many different services that can enhance learning and provide support for a variety of academic and personal concerns. You are encouraged to visit the below websites to learn more about these services and supports. If you have any questions, please do not hesitate to contact your instructor or the Undergraduate Program Office.

For Information on… …follow this link

Admission, Registration, Tuition Fees, Important Dates, Final Exams, Graduation, and Transcripts

Registrar’s Office

Academic policies & procedures, regulations, Faculty-specific information, degree and major requirements

Academic Calendar

Help with research needs such as books, journals, sources of data, how to cite, and writing

Library Resources

Tutors, workshops, and resources to help you improve your learning, writing, time management, and test-taking skills

Writing and Learning Support

Support and advocacy for students with disabilities to help them in their academic work and progress

Student Accessibility Services

Copyright-related questions and resources to help you avoid plagiarism or intellectual property violations

Copyright Office

Student discipline bylaws, policies and procedures on academic integrity and misconduct, appeal procedures

Academic Integrity

Policies & procedures with respect to student discipline or misconduct, including academic integrity violations

Student Discipline

Students’ rights & responsibilities, policies & procedures, and support services for academic or discipline concerns

Student Advocacy

Your rights and responsibilities as a student, in both academic and non-academic contexts

Your rights and responsibilities

Full range of medical services for any physical or mental health issues

University Health Service

Information on health topics, including physical/mental health, alcohol/substance use harms, and sexual assault

Health and Wellness

Any aspect of mental health, including anxiety, stress, depression, help with relationships or other life concerns, crisis services, and counselling.

Student Counselling Centre

Support services available for help regarding any aspect of student and campus life, especially safety issues

Student Support Case Management

Resources available on campus, for environmental, mental, physical, socio-cultural, and spiritual well-being

Live Well @ UofM

Help with any concerns of harassment, discrimination, or sexual assault

Respectful Work and Learning Environment

Concerns involving violence or threats, protocols for reporting, and how the university addresses them

Violent or Threatening Behaviour