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592 Syllabus

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COURSE OBJECTIVES

Financial and management accounting are more closely linked in practice than one might expect from reading traditional textbooks and the problems to be resolved often have income tax and auditing consequences as well. This seminar is designed to provide you with opportunities to apply general concepts and principles learned in intermediate and advanced financial accounting courses to new economic transactions and business decisions. Cases will be used to permit you to practice the skills you will need as a professional accountant whether in public accounting or private industry. In particular, this course is intended to refine your skills in researching the professional accounting literature to solve particular accounting problems, to arrive at defensible solutions where GAAP is vague or nonexistent, and to present your research conclusions in a professional manner. You will have opportunities to present your work orally and in writing.

REQUIRED MATERIALS:

A recent Intermediate Accounting text (Kieso used in Acct 315 & 414 would be fine)

A recent Advanced Accounting text (whatever was used in for Acct 415-515 would be fine)

On-line access to FASB’s ASC (accounting standards codification). The Department has purchase academic license so you can use the $850 “professional” version rather than the free version which has fewer bells and whistles. You can log on from fasb.org but it will take you to http://aaahq.org/ascLogin.cfm where you enter User ID and Password:

User ID AAA51700

Password (see your paper version of syllabus)

Other Course Materials are provided on the course webpage and you will probably want to print some or all of those files but the cost will just be paper or your UI student print allowance. More pages can be purchased when you run out. See the Help Desk.

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