70-352 Accounting Theory II _Winter 2008_

70-352 Accounting Theory II _Winter 2008_ - 70-352...

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General Information Class meetings Tue/Thurs 2:30 – 3:50 Instructor Prof. Greg Dunning Office hours Tue/Thurs 10:00-11:30 1:00- 2:30 E-mail profgrd@uwindsor.ca profgrd@aol.com Telephone 253-3000 ext 3154 Office OB 413 Secretary Stephanie Miller 253-3000 ext 3128 Office OB 425 E-mail stmiller@uwindsor.ca Course Description An in-depth examination of the determination, measurement, classification and reporting of liabilities, income taxes, and owner’s equity. Emphasis is given to the accounting use of the actuarial techniques in the accounting for bonds, pensions, and leases. The statement of changes in financial position is studied in detail. Where applicable, the interpretation of accounting theory and concepts is presented for transaction analysis, measurement, and classification. The progression of accounting theory over time and comparisons between Canadian GAAP with other countries (particularly the U.S. – FASB) will be presented. Learning Objectives and Expected Outcomes 1. Identify the criteria used for classification and disclosure of the enterprise financing (debt and stockholders’ equity). 2. Demonstrate (through journal entries and appropriate disclosures) the theoretical concepts of income statement and balance sheet measurements for various equity items, i.e. long-term bonds, inter-period tax allocation, pensions, and capital leases. 3. Examine and evaluate the theoretical concepts in use for complex financial instruments and illustrate the measurement aspects as they relate to financial statements. 4. Prepare the earnings per share section of the income statement, applying the appropriate rules for its calculation. 1 70-352 Accounting Theory II Winter 2008
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5. Illustrate the concept of accounting changes and calculate the effects on financial statements. 6. Restate the classical accrual financial statement information into a cash flows statement and analyze the new data presented. Prerequisite Course: 70-351 or an equivalent, approved in writing by the instructor of the course , is a prerequisite to taking this course and to receiving a grade in it. It is the student’s responsibility to ascertain that he/she has the proper prerequisite and although prerequisites of all the students will be reviewed administratively after the course begins, the student should consult with the instructor immediately in any case where his/her prerequisite may be in doubt. Textbook and Other Materials Texts : Keiso, Weygandt, Irvine, Silvester and Young, Intermediate Accounting, Vol. 2, Eighth Canadian Edition, John Wiley & Sons Canada Ltd., Toronto, Ontario CICA Handbook, The Canadian Institute of Chartered Accountants, Toronto, Ontario (A link is provided on the Leddy Library site) Course Website A CLEW website has been set up for this course. It contains the course outline and solutions to all homework assignments. The solutions to homework will be available to the students after I have covered them in class. Any changes/announcements related to the course will also be posted onto the website.
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This note was uploaded on 09/30/2008 for the course ACCT 351 taught by Professor Dunning during the Winter '08 term at Windsor.

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70-352 Accounting Theory II _Winter 2008_ - 70-352...

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