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
Fall, 2009
(Modified Aug., 2009)
Meeting
Number		 Date Topic Reading Source**
1 Sept. 1
 Orientation; Rule-making process survival tips for Accounting 402
2
3
 Rule-making process   



Historical Development of Accounting
3
8 Accting Theory vs. Accting Practice Concepts Statements Nos. 1-6



Conceptual Foundations
4
10 Governmental influences on financial reporting 



Meaning of GAAP
 Appendix--APB No. 6



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



Prior period adjustments APB 9, 30, FAS 16  Codification section 250-10
8
24 Disposal of business segments APB 30, discontinued operations; FAS 144, para 41-45
Codification section 205-20
9
29 Accounting changes APB 20  Codification section 250-10
10 Oct. 1 Accounting changes APB 20, FAS 154 Codification section 250-10


6 No class


8
 Fall Break
11
13 Earnings per share APB 15; FAS 55, 85, FASB 128 Codification section 260-10
12
15 Price level adjustments FAS 33; 89; Luden Corporation  Codification section 255-10


20
 First Examination-- First Examination time & place
Review Questions 
13
20
 Price level adjustments Codification section 255-10
14
22 Balance sheet-- a statement of financial position Codification section 210-10



Assets-general nature Concepts statement No. 6
15
27 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 Codification section 210-10-45
16
29 Trade Receivables 
Interest on Receivables and Payables		 Review sheet; 
APB. 21Codification section 835-30
17 Nov. 3 inventories-general principles ARB 43, chapter 4 Codification section 330-10



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

Dec.
 1
 Second examination: 
Second  Examination time & place
Review Questions 
24 Dec. 1 Income tax allocation FAS 96; FASB 109
25
3
 Accounting for the cost of pension plans FAS 87; supplement problem
26
8 Long term obligations APB 14; 26; FAS 15; FAS 114
27
10 Financial reporting--overview See overview list--supplement




Final Examination Review Questions
Final Exam Date: 9:35 class, Tuesday, Dec 15;         1:00 pm to 3:00
                           2:20 class, Thursday, Dec. 17;    10:30 am to 12:30

** 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 prior to each class meeting.
course materials, policies,etc.
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