Text: Modern Advanced Accounting

Author: Larsen

Publisher: Irwin, McGraw-Hill

Chapters 2, 3 ....................................First Examination

Chapters 12, 13, 14 ................Second Examination

Chapters 15, 16, 17 and 20 ......................................Final Examination

If either the first or second examination is missed, the makeup is scheduled for the last week of the course at a fifth period time. There are no makeup exams administered during the term.

1. Religiously do the homework assignments before they are solved on the board during

the class time.

2. Read/study the chapters concurrently or prior to the class presentation.

3. Spend one hour on each homework assignment before "giving up." This technique

does wonders for the development of your analytical ability. It may be the most

significant and substantive learning experience that one can derive from this course.

Absolutely NOTHING is more important, in my opinion, that this "suggestion."

4. Do not fall behind in the homework and study assignments. At the risk of "crying

wolf" too many times, this suggestion is of paramount importance.

5. Do not miss class!!!

First exam on partnership accounting........................................................75 points

Second exam on governmental entities .....................................................75 points

Final exam on non-profit organizations, bankruptcy, estates and trusts and

segmental accounting......………………………………………………..100 points

* A grade is 90% and above

* B grade is 78 to 89.9%

86 to 89 = B+

* 82 to 85 = B

78 to 81 = B-

* C grade is 68 to 77.9%

75 to 77 = C+

71 to 74 = C

68 to 70 = C-

* D grade is 60 to 67.9%

65 to 67 = D+

60 to 64 = D

* F grade is below 60

Regular office hours are held in CH 300b. On occasion (due to high school visitations, Chair meetings, and other campus-wide meetings) I am unable to be in that office. However, other office hours can be arranged by appointment.

Accounting 406 - Advanced Accounting Theory and Problems II

A study of special topics in accounting theory including partnerships, estate and trust, insolvency in connection with realization and liquidation and fund accounting including governmental and hospital accounting.

Accounting 202 and Senior standing

IV. Upon completion students should comprehend the accounting concepts applicable to

partnerships, corporate bankruptcy and liquidation, and fund accounting.

Class sessions

Formation and operation of a partnership...............................….. 4

* nature of a partnership

* partnership formation

* partnership operations

* the Uniform Partnership Act

* changes in ownership of general partnerships

Partnership Liquidation and Incorporation............………………

* basic legal provisions

* retirement or death of a partner

* payments to partners after all non-cash assets realized 5

Governmental Entities………………………………………….. 6

* General Fund

* Nature of Governmental Entities

* Accounting models

Governmental Entities: Other governmental funds …………….. 3

Governmental Entities………………………………………….. 2

Non-Profit Organizations………………………………………. 5

Bankruptcy: Liquidation and Reorganization…………………… 4

Estates and Trusts……………………………………………….. 4

* Legal and Accounting Aspects of Estates

Segments; Interim Reports……………………………………… 2

• Interim Financial Reports