Accounting 402
Contemporary Accounting Issues
Tentative Course Outline 
Students are responsible for reading the web information page  and appropriate link(s) for each topic prior to each class meeting.
Instructor: Dr. Hall
Spring, 2012
Meeting
Number		 Date Topic Reading Requirement**
1 Jan. 24
 Orientation; Rule-making process
2
26
 Rule-making process:  Codification
 Read related web pages



Historical Development of Accounting Read related web pages
3
31 Accting Theory vs. Accting Practice Concepts Statements Nos. 8 (replaces 1, 2,)  5 and 6   (read before first exam!)



Conceptual Foundations Read related web pages
4 Feb. 2 Governmental influences on financial reporting   Read related web pages



Meaning of GAAP
 Read related web pages; Appendix--APB No. 6



Multinational dimensions of accounting Read related web pages
5
7 Income determination--general concepts Appropriate web pages
(Begin Casey Corporation Case)
6
9
 Reporting the results of operations
ARB 43, chapter 2b, chapter 8
7
14 Extraordinary items APB 9, 30  Codification section 225-20



Prior period adjustments APB 9, 30, FAS 16Codification section 250-10
8
16 Disposal of business segments APB 30, discontinued operations; FAS 144, para 41-45Codification section 205-20
9
21 Accounting changes APB 20Codification section 250-10
10
23 Accounting changes APB 20, FAS 154Codification section 250-10
11
28 Earnings per share APB 15; FAS 55, 85, FASB 128Codification section 260-10



First Examination-- First Examination time & place
Review Questions and  More Review Questions
12 March 1 Price level adjustments FAS 33; 89; Luden CorporationCodification section 255-10
13
13
 Price level adjustments
14
15 Balance sheet-- a statement of financial position Codification section 210-10



Assets-general nature Concepts statement No. 6
15
20 Current vs. non-current items ARB 43, chapter 3, FAS 6, Int. 8Codification section 210-10-45



net working capital concept ARB 43, chapter 3, FAS 6, Int. 8
16
22 Trade Receivables 
Interest on Receivables and Payables		 Review sheet; 
APB. 21Codification section 835-30
17
27 Inventories-general principles ARB 43, chapter 4Codification section 330-10



Inventories-Lower of cost or market LCMCodification section 330-10-35
18
29 Investments APB 18; Codification section 323-10
19 April 3
 Investments FAS 115Codification section 320-10
20
5 Plant assets, Depreciation APB 29; FASB No. 153Codification section 845-10 ,FASB 34Codification section 836-20; 121; 144, APB 12, new exposure draft re: APB No. 29; 
21
10 Intangibles
Research and Development Costs		 APB 17;
FAS 2; FASB 142 
22
12 Accounting for leases FAS 13; supplement problems
23
17 Accounting for leases



Second examination: 
Second  Examination time & place
Review Questions and  More Review Questions
24
19 Income tax allocation FAS 96; FASB 109
25
24
 Accounting for the cost of pension plans FAS 87; FAS 158 supplement problems
26
26
 Accounting for the cost of pension plans
27 May 1
 Long term obligations APB 14; 26; FAS 15; FAS 114
28
3
 Financial reporting--overview See overview list--supplement
Final Exam Dates: 9:35 class, Thursday, May 10       1:00 pm to 3:00 pm
 
                            
** for each topic, read the indicated pronouncement(s), read the related web pages,review the appropriate chapter in the Intermediate Accounting text, and complete any exercises for the topic prior to the class meeting.

Students are responsible for reading the web information page and the appropriate
Codification section(s) prior to each class meeting.
course materials, policies,etc.
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