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NYU Stern School of Business

Undergraduate College

C10.0022.001: ACCOUNTING FOR MERGERS, ACQUISTIONS & REL. MAT.

Fall 2010

Instructor Details

Bildersee, John

jbilders@stern.nyu.edu

MW 12:30 -2:00

KMC 10-79

 

Course Meetings

MW, 11:00am to 12:15pm

KMC 4-60


Final Exam:

Schedule exceptions
    Class will not meet on:
    Class will meet on:

 

Course Description and Learning Goals

Course Content: This course concentrates on mergers and acquisitions and the development of consolidated financial statements.  It also covers accounting for international operations and selected financial instruments.  The primary focus is on detailed statement development and problem solving.  Some analysis will be included.  The course can be immediately helpful as past students have frequently volunteered that the course materials have helped them in job interviews.

 

Warning:The typical accounting course which goes from topic to topic and the materials frequently seem distinct and independent of each other.  This course is different from the typical accounting course as the topics in this course are detailed and frequently build on materials presented earlier in the semester.  Difficulties faced early in the semester should be dealt with promptly.  It is preferred, but not required, that you have taken Financial Reporting and Disclosure  and/or Financial Statement Analysis  before this course due to its detail.

Exams: There are two midterms and a final.  Exams are open book and open notes.  There are no make-up exams.  If you cannot take an exam at the scheduled time you are expected to take it early.  The exams will be given on the stated dates.  The topics may change if the course falls behind schedule.

 

Quizzes: There will be several 15 minute quizzes.  Quizzes are open book and open notes.  Quizzes cannot be rescheduled.  There are no make-up quizzes.  Quizzes are scheduled for the first class following a given chapter and will focus on that chapter.  The dates of the quizzes may change if our experience deviates from this schedule.  The quizzes may be used to reduce the impact of your poorest exam.

 

Suggested homework:These assignments offer a review of the primary topics in each chapter and may help you prepare fpr quizzes and exams.  Do not spend too much time on any question.  Instead, try to work the exercise in your own way and, if you are stuck, try to understand the answer that is on Blackboard and/or ask related questions in class.  Homework suggestions are listed on the first date of the following chapter to assure some classroom discussion prior to doing the exercises and to aid in preparation for any quiz on that chapter.

 

Course Pre-Requisites

Financial Statement Analysis and Financial Reporting and Disclosure are not required, but are highly recommended as prior courses.

 

Course Outline

Topics

Accounting for Minority Investments – Passive Investments, Equity Method

Accounting for Minority Investments – Equity Method

Consolidations on Acquisition – Acquisition Method – Balance Sheet

 Consolidations -  Acquisition Method - Intangibles

Consolidations – Balance Sheet – Purchase Method & Pooling (Old Methods)

Consolidations – After Date of Acquisition (including Cost and Equity Methods)

Consolidations – After Date of Acquisition – Income Statement

Consolidations – After Date of Acquisition – Impairment

Consolidations – After Date of Acquisition – Partial Acquisitions

Consolidations – Intra-Entity Transactions – Sales

Consolidations – Intra-Entity Transactions – Land

Consolidations – Intra-Entity Transactions – PPE

Foreign Currency – Introduction

Foreign Currency Conversions– (Current Method)

Foreign Currency Conversions – (Temporal Method)

Foreign Currency – Consolidations

Foreign Currency – Transactions

Foreign Currency – Forwards, Hedges

Foreign Currency – Commitments, Forecasted Transactions

 

Required Course Materials

Text: Advanced Financial Accounting (Custom Text from 10th edition – Hoyle, Schaefer & Doupnik)

 

Assessment Components

See grading

 

Grading

Tentative Grading:

 

 

 

Exam 1

 

 

29 points

Exam 2

 

 

29 points

Exam 3

 

 

29 points

     Quizzes*

10 points

     Classroom attendance

  3 points

     Classroom participation

Extra credit

*Quizzes will be worth 20 points instead of 10 points and replace 10 points of your poorest exam if the quiz average exceeds the score on your poorest exam.

 

A short (less than ½ page) writeup of the issues and considerations associated with any case will be treated as an extra credit activity.

 

Re-Grading

The process of assigning grades is intended to be one of unbiased evaluation. Students are encouraged to respect the integrity and authority of the professor’s grading system and are discouraged from pursuing arbitrary challenges to it.

If you believe an inadvertent error has been made in the grading of an individual assignment or in assessing an overall course grade, a request to have the grade re-evaluated may be submitted. You must submit such requests in writing to me within 7 days of receiving the grade, including a brief written statement of why you believe that an error in grading has been made.

 

Professional Responsibilities For This Course

Attendance

  • Class attendance is essential to your success in this course and is part of your grade. An excused absence can only be granted in cases of serious illness, grave family emergencies, or religious observance and must be documented. Job interviews and incompatible travel plans are considered unexcused absences. Where possible, please notify me in advance of an excused absence.

 

Participation

In-class contribution is a significant part of your grade and an important part of our shared learning experience. Your active participation helps me to evaluate your overall performance.
You can excel in this area if you come to class on time and contribute to the course by:

  • Providing strong evidence of having thought through the material.
  • Advancing the discussion by contributing insightful comments and questions.
  • Listening attentively in class.
  • Demonstrating interest in your peers' comments, questions, and presentations.
  • Giving constructive feedback to your peers when appropriate.

 

Assignments

  • Late assignments will either not be accepted or will incur a grade penalty unless due to documented serious illness or family emergency. Exceptions to this policy for reasons of religious observance or civic obligation will only be made available when the assignment cannot reasonably be completed prior to the due date and you make arrangements for late submission in advance.

 

Classroom Norms

  • Arrive to class on time and stay to the end of the class period. Chronically arriving late or leaving class early is unprofessional and disruptive to the entire class.  Repeated tardiness will have an impact on your grade.
  • Turn off all electronic devices prior to the start of class. Laptops, cell phones and other electronic devices are a distraction to everyone.

 

Stern Policies

General Behavior
The School expects that students will conduct themselves with respect and professionalism toward faculty, students, and others present in class and will follow the rules laid down by the instructor for classroom behavior.  Students who fail to do so may be asked to leave the classroom. 

 

Collaboration on Graded Assignments
Students may not work together on graded assignment unless the instructor gives express permission. 

 

Course Evaluations
Course evaluations are important to us and to students who come after you.  Please complete them thoughtfully.

 

Academic Integrity

Integrity is critical to the learning process and to all that we do here at NYU Stern. As members of our community, all students agree to abide by the NYU Stern Student Code of Conduct, which includes a commitment to:

  • Exercise integrity in all aspects of one's academic work including, but not limited to, the preparation and completion of exams, papers and all other course requirements by not engaging in any method or means that provides an unfair advantage.
  • Clearly acknowledge the work and efforts of others when submitting written work as one’s own. Ideas, data, direct quotations (which should be designated with quotation marks), paraphrasing, creative expression, or any other incorporation of the work of others should be fully referenced. 
  • Refrain from behaving in ways that knowingly support, assist, or in any way attempt to enable another person to engage in any violation of the Code of Conduct. Our support also includes reporting any observed violations of this Code of Conduct or other School and University policies that are deemed to adversely affect the NYU Stern community.

The entire Stern Student Code of Conduct applies to all students enrolled in Stern courses and can be found here:

Undergraduate College: http://www.stern.nyu.edu/uc/codeofconduct
Graduate Programs: http://w4.stern.nyu.edu/studentactivities/involved.cfm?doc_id=102505

To help ensure the integrity of our learning community, prose assignments you submit to Blackboard will be submitted to Turnitin.  Turnitin will compare your submission to a database of prior submissions to Turnitin, current and archived Web pages, periodicals, journals, and publications.  Additionally, your document will become part of the Turnitin database.

 

Recording of Classes

Your class may be recorded for educational purposes

 

Students with Disabilities

If you have a qualified disability and will require academic accommodation of any kind during this course, you must notify me at the beginning of the course and provide a letter from the Moses Center for Students with Disabilities (CSD, 998-4980, www.nyu.edu/csd) verifying your registration and outlining the accommodations they recommend.  If you will need to take an exam at the CSD, you must submit a completed Exam Accommodations Form to them at least one week prior to the scheduled exam time to be guaranteed accommodation.

 

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