ACC 3030 A01 (3 CH) ADVANCED ACCOUNTING

FALL 2020 Virtual Classroom, MW 4.00– 5.15 pm

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

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

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

COURSE OBJECTIVES ............................................. 2

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

COURSE FORMAT AND ONLINE ACCESS ............... 2

ASSESSMENT OF LEARNING .................................. 3

MISSED EXAM ....................................................... 5

ATTENDANCE POLICY ............................................ 5

ELECTRONIC DEVICE POLICY ................................. 5

OUT-OF-CLASS COMMUNICATION ....................... 6

TENTATIVE CLASS SCHEDULE ................................ 6

RECOMMENDED TEXTBOOK QUESTIONS ............. 8

THE CPA CANADA HANDBOOK ............................. 9

INTENDED LEARNING OUTCOMES ...................... 10

ACADEMIC INTEGRITY POLICY ............................ 11

Typical Penalties for Academic Dishonesty in the Asper School ....................................................... 12

STUDENT SERVICES AND SUPPORTS ................... 13

INSTRUCTOR Name: Noha Ghattas Office: Virtual Office, https://zoom.us/j/9060409363 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.

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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 As classes will be delivered synchronously via videoconferencing, a device enabled with a camera and microphone is required. Further, you are expected to be in a location with a reliable Internet connection that is strong enough for streaming video.

For quizzes/exams, which will be administered via the Respondus Lockdown browser, you will need a device (computer or iPad; smartphone will not work) with one of the following operating systems:

Windows 10, 8, or 7 (note: will not work with Windows 10S)

Mac OS 10.15 to 10.12, OS X 10.11, or OSX 10.10

iOS: 11.0+ (iPad only)

You will need the Chrome browser. Other browsers such as Safari may not work. • Herauf and Hilton, 2019, Modern Advanced Accounting in Canada (9th edition) published by McGrawHill Ryerson Ltd. Canada (available in Bookstore).

Printed textbook plus Connect digital supplement (includes e-book version)(ISBN 9781260305814)

E-book plus Connect digital supplement (ISBN 9781260305289) • Class notes, solutions to assigned homework & sample exams are available on UM Learn. COURSE FORMAT AND ONLINE ACCESS Lectures will be conducted live via videoconferencing using WebEx and will not involve in-person instruction. Classes will be during the scheduled class time. To join the class, log in to the UM Learn course and then choose CommunicationCisco Webex from the top menu and then click Join. Detailed instructions are available here. Please note that all classes will be recorded, and the video recordings are likely to be shared with other students 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

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selected and assigned for each topic covered in the course. The readings will be most effective if completed prior to class. 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 2 to 7

Monday, Nov. 2, 4:00 – 6:00 pm 35%

Online Assignments: 20% Online Final Examination Cumulative Final Exam

3 hours to be scheduled by Registrar’s office 45%

Total 100.0%

Letter Grades

The tentative letter-grading scheme is as follows. In the event of a skewed distribution of grades, the total course marks may be curved up or down as necessary (the weighting of each component will remain unchanged).

Marks Letter Grade

90 and above A+

80 – 89.99 A

75 – 79.99 B+

70 – 74.99 B

65 – 69.99 C+

60 – 64.99 C

50 – 59.99 D

Below 50 F

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Online Assignments

Students will complete 10 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 2% (100% 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: Computer, network or software problems are not acceptable reasons for not completing an assignment. There is always a risk that some technical problem will prevent you from completing an assignment at any particular time. The risk of missing an assignment altogether increases as the due date approaches. I recommend that you do the assignments as early as possible to make sure that you can finish by the due date

It is the student responsibility to check the assignment grade after each submission. Any

problem with the online gradebook will not be considered after December 12.

Assignment Due by 11:59 PM on

A1 (Ch.2) & A2 (Ch.3) Sunday, Sep. 27 A3 (Ch.4) Sunday, Oct. 4

A4 (Ch.5) Sunday, Oct. 11

A5 (Ch.6) &(Ch.7) Sunday, Nov.1

A7 (Ch.8) Sunday, Nov.22

A8 and A9 (Ch.10) & Ch.11 Sunday, Dec.6

A10 (Ch.12) Friday, Dec. 11

Use the following link to register

https://connect.mheducation.com/class/n-ghattas-fall-2020_1 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.

To protect the academic integrity of education at the Asper School, certain protocols will be observed for online exams. For instance, in some courses, the online exam will set up such that each student will get a random subset of questions from a larger question bank, which means no two students will get exactly the same exam. Further, a very small number of questions will appear on a screen and you may not have the option to move back to questions you have already answered. The instructor may require your camera be on and directed at you for the entire duration of the exam.

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For exams, we will be using university approved Respondus Monitor, which will require you to have your camera and microphone on for the entire duration of the exam. As the software detects any unusual movements, please sit in a location where there are no people/pets or other moving objects in the camera’s view during the exam. MISSED EXAM Students who miss the midterm examination for legitimate reasons (medical, compassionate, academic conflict or university sports team travel) can apply to have the midterm examination marks added to the final examination. Conflicts with employers do not qualify as legitimate reasons to miss examinations. In all cases of absence on the midterm examination date, the instructor must be advised within five working days of the examination date. Students who miss the final examination must apply to the Undergraduate Program Office in their faculty for possible deferred examination privileges.

Do not make travel plans before the Final Exam. I cannot let you take the exam earlier/later because you booked a flight ticket for a date earlier than the final exam. In the event you have to miss the Final Exam for a valid reason, a request for a deferred exam must be made at your home Faculty’s Undergraduate Program Office (b_comm@umanitoba.ca, if you are an Asper student). Applying for a deferred exam does not guarantee your request will be granted. Students who are unable to meet a course requirement due to medical circumstances are currently not required to submit medical notes. However, students are required to contact their instructor or academic advisor by email to inform of the missed work and to make arrangements for extensions, deferrals, or make-up assignments. Please follow these guidelines if you are unable to meet an academic requirement for your courses. - Contact your instructor for term work such as a class, quiz, midterm/test, assignment, lab; - Contact an advisor in your faculty/college/school of registration for a missed final exam (scheduled in the final examination period); - Inform your instructor/advisor as soon as possible do not delay. Note for final exams, students must contact within 48 hours of the date of the final exam; and - Email your instructor/advisor from a U of M email address, and include your full name, student number, course number, and academic work that was missed.

ATTENDANCE POLICY Attendance to the course lab is STRONGLY ENCOURAGED, but attendance is not mandatory.

ELECTRONIC DEVICE POLICY Using a computer or smartphone with a camera/mic during class and exams is necessary for this course. Although this is course is taught in a remote teaching format, we will observe the protocols that would be expected during in-person classes. Please make sure your cellphone does not ring during class. No frivolous posting of messages in the Chat area during class. Practice self-control—don’t browse the

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Internet or check your e-mail/social media/text messages while class is in progress. Do not video/audio record class lectures or take pictures of the screen without the instructor’s permission. OUT-OF-CLASS COMMUNICATION E-mail can be a useful way of dealing with smaller issues. I respond to all e-mails during normal working hours and answer questions where practical. If the question is too complicated (e. g., Can you explain pension accounting to me?), I will ask you to set an appointment for virtual office hour. Some more specific guidelines Use your university e-mail account to communicate with me. Effective September 1, 2013, the U of M will only use your university e-mail account for official communications, including messages from your instructors, department or faculty, academic advisors, and other administrative offices. Refer to this link for details: http://umanitoba.ca/registrar/e-mail_policy

Tell me who you are. Please give your full name and your class section when you write to me

In the interest of fairness to the other students, please do not ask for information or resources (e. g., exam study tips, my lecture notes) that are not available to all students.

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*

Sep. 9,14 Investment in Equity Securities Chapter 2

Sep. 16, 21 Business Combinations Chapter 3

Sep. 23, 28, 30 Consolidation on Acquisition Date Chapter 4

Sept 27 Due Date of Assignment 1 and 2

Oct. 4 Due Date of Assignment 3

Oct. 5, 7 Consolidation Subsequent to Acquisition Date Chapter 5

Oct. 11 Due Date of Assignment 4

Oct 12 No class – Thanksgiving

Oct. 14, 19, 21, 26 Intercompany Transactions Chapter 6 and 7A (omit Ch7B, p.375-394)

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Oct.28 Ownership Issues Chapter 8 (omit LO1, p.431-434)

Nov.1 Due Date of Assignment 5 and 6

Nov.2

Midterm Examination (4:00pm – 6:00pm) Chapters 2,3,4,5,6,7A. No class on that day

Nov. 4 Ownership Issues Chapter 8 (omit LO1, p.431-434)

Nov.9-13 No Classes – Fall Term Break

Nov. 16 Ownership Issues Chapter 8 (omit LO1, p.431-434)

Nov. 18 Joint Arrangements Chapter 9 LO2 p.511-525

Nov. 22 Due Date of Assignment 7

Nov. 23, 25 Foreign Currency Transactions Chapter 10

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

Nov. 30 Dec.2

Chapter 11 Translation and Consolidation of Foreign

Operations

Dec. 6 Due Date of Assignment 8 &9

Dec. 7, 9 Accounting for Not-for-Profit Organizations Chapter 12

Dec.11 Due Date of Assignment 10

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

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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

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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”.

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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

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ACADEMIC INTEGRITY POLICY The online format of class delivery does not lower the Asper School’s academic integrity standards. The same high levels of academic integrity are expected this term as they are in previous terms. 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 (includes Chat messages posted during class) 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 recording exam questions using any method, regardless of whether those are shared with others sharing exam questions with those who are yet to take the exam, including future students or

attempting to sell exam questions 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 attendance, earning class participation marks, 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.

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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

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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 or concerns, please do not hesitate to contact your instructor or the Undergraduate Program Office.

For Information on… …follow this link

Tech-related issues with UM Learn or videoconferencing Information Services & Technology

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