SYLLABUS

1 Name of Course ADVANCE ACCOUNTING II

2. Course Code ACC10253
Ery Yanto
3. Name(s) of academic staff

Rationale for the inclusion of This is most importance course and continuing from previous course
4.
the course/module in the (Advance Accounting I). And related to foreign currency transaction,
programme partnership, liquidation of corporation and not for profit organization.
5. Semester and Year offered 2nd Year 6th Semester
6. Prerequisite (if any): Advance Accounting I
7. Total Student Learning Time Face to Face Self Learning and Total of Guided and
(SLT) Self Learning
L = Lecture E= Exam
L P T E Self Learning TLT
T = Tutorial (Review/ Wrap up)
P = Practical (Presentation,
Assignments, Quiz, Discussion) 12 19 4 5 80 120

8. Credit Value: 3 (Each credit x 50 minutes x 16 times = 40 Hours)

9. Accounting Studies Program Objective:

10. Course Description:

This course is the second part of a two-semester course designed to introduce students to advance
accounting, practices and techniques. In this course, students must have understands the foreign
transaction and reporting, segment reporting, partnership, corporate liquidation and not for profit
organization.
10. Course Objective:
Students are expected to understand and apply knowledge about foreign currency transaction,
segment, partnership, corporate liquidation and not for profit organization.
11. Course Learning outcomes:
At the end of this course, students will be able to:

1. Understand the of the foreign currency transaction and reporting (C2, P4, A2).
2. Preparation of segment reporting IFRS (C4, P5, A2)
3. Preparation of partnership financial statements and liquidation (C4, P2, A2)
4. Able to make corporate liquidation statements (C4, P2, A2)
5. Understand of not for profit organization include financial statements (C 3, P7, A2)

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12. Mode of Delivery Lectures, solving exercise and problem on the text book,
discussion, and individual & group presentation.
13. Assessment Methods and Types Class participation (Individual Attendance and 0
Attention)
Quiz (individual) 20

Written assignment (group or individual) 15

Examination (Individual Midterm and Final) 65
14. Mapping of the course/module to the Study Program Objective
CLO1 CLO2 CLO3 CLO4 CLO5
Y Y Y Y Y
15. Mapping of the Transferable Skills to the Course Learning Outcomes
Transferable Skills Course Learning Outcome
1 2 3 4 5
Communication skills (CS), Y Y
Negotiation skills (NS),
Critical Thinking/ Problem solving skills (CT), Y Y Y Y
Team skills (TS), Y Y Y Y
Life long learning skills (LL), Y Y Y Y Y
Entrepreneurial skills (ES),
Moral skills, (MS), and Y Y
Leadership skills (LS).
16. Content outline of the course/module and the recommended time per topic (Hrs)
Topic CLO L T/E P SL TLT
1. FOREIGN CURRENCY CONCEPT & 1,2,3,4 0.75 1.58 5 7.33
TRANSACTION
1.1 Understand of the definition of a cash flow
hedge and the circumstances in which a
derivative is accounted for as a cash flow
hedge.
1.2 Understand the definition of a fair value
hedge and the circumstances in which a
derivative is accounted for as a fair value
hedge.
1.3 Account for a cash-flow-hedge from

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 inception through settlement and for a fair-
value-hedge situation from inception
through settlement.
1.4 Understand the special derivative
accounting related to hedges of existing
foreign currency- denominated receivables
and payables.
1.5 Understand the International Accounting
standards Board accounting for derivatives.
1.6 Comprehend the footnote-disclosure
requirements for derivatives.
2. FOREIGN CURRENCY FINANCIAL STATEMENTS 2,3,4,5 0.75 1.58 5 7.33
2.1 Know how a parent accounts for its
investment in a subsidiary using the equity
method depending on the subsidiary’s
functional currency determination.
2.2 Understand consolidation under the
temporal and current rate methods.
2.3 Understand how a hedge of the net
investment in a subsidiary is accounted for
under the current rate and temporal
methods.
2.4 Appendix A: Understand the effect of non
controlling interest on translation.
2.5 Appendix B: Comprehend how to construct
a statement of cash flows.
2.6 Appendix C: Understand how the lower of
cost-or-market method affects
remeasurement
3 SEGMENT & INTERIM FINANCIAL REPORTING 2,3,4,5 0.75 1.58 5 7.33
3.1 Understand what segment disclosures are
reconciled to the consolidated amounts.
3.2 Know the types of enterprise wide
disclosures related to products and services,
geographic areas of operation, and major
customers that are required to be disclosed.
3.3 Understand the similarities and differences
in the reporting of operations in an interim
versus an annual reporting period.
3.4 Compute interim-period income tax
expense
4 PARTNERSHIPS – FORMATION & OPERATION 2,3,4,5 0.75 1.58 5 7.33
4.1 Grasp the diverse nature of profit and loss

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 sharing agreements and their computation.

5 PARTNERSHIPS – CHANGES IN OWNERSHIP 2,3,4,5 0.75 1.58 5 7.33

5.1 Value a new partner’s investment in an
existing partnership.
5.2 Value a partner’s share upon retirement or
death.

6 PARTNERSHIPS - LIQUIDATION 2,3,4,5 0.75 1.58 5 7.33

6.1 Understand installment liquidations.
6.2 Learn about cash distribution plans for
installment liquidations.
6.3 Comprehend liquidations when either the
partnership or the partners are insolvent.
7 QUIZ 1,2,3,4 2 5 7
,5
8 MID TERM EXAM 1,2,3,4 2.5 5 7.5
,5
9 CORPORATE LIQUIDATION & 2,3,4,5 0.75 1.58 5 7.33
REORGANIZATION
9.1 Understand differences among types of
bankruptcy filing.
9.2 Comprehend trustee responsibilities and
accounting during liquidation.
9.3 Understand Financial reporting during
reorganization

10 AN INTRODUCTION TO ACCOUNTING FOR 2,3,4,5 0.75 1.58 5 7.33

STATE & LOCAL GOVERNMENTAL UNITS
10.1 Recognize various fund categories, as well
as their measurement focus and basis of
accounting.
10.2 Review basic governmental accounting
principles
10.3 Learn about the contents of a
governmental entity’s comprehensive
annual financial report under GASB 34.
11 ACCOUNTING FOR STATE & LOCAL 2,3,4,5 0.75 1.58 5 7.33
GOVERNMENTAL UNITS – GOVERNMENTAL
FUNDS
11.1 Prepare journal entries for governmental
funds.

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 11.2 Learn about accounting methods unique
to government accounting-budgetary
issues, encumbrance accounting, and inter
fund transactions.
11.3 Determine the appropriate governmental
fund to be used
12 ACCOUNTING FOR STATE & LOCAL 2,3,4,5 0.75 1.58 5 7.33
GOVERNMENTAL UNITS – PROPRIETARY
FUNDS
12.1 Introduce the differences between a
proprietary fund statement of cash flows
and its commercial business counterpart.

13 ACCOUNTING FOR STATE & LOCAL 2,3,4,5 0.75 1.58 5 7.33

GOVERNMENTAL UNITS – FIDUCIARY FUNDS
13.1 Prepare journal entries and fund financial
statements for fiduciary funds Identify and
compute ratios used in analysing a firm’s
liquidity, profitability and solvency
14 ACCOUNTING FOR NOT PROFIT 2,3,4,5 0.75 1.58 5 7.33
ORGANIZATIONS - VOLUNTARY HEALTH AND
WELFARE ORGANIZATIONS
14.1 Learn about the four main categories of
not-for-profit organizations.
14.2 Differentiate between governmental not-
for-profit organizations.
14.3 Introduces FASB not for-profit accounting
principles.
14 QUIZ 1,2,3,4 2 5 7
,5
15 FINAL EXAM 1,2,3,4 2.5 5 7
,5
TOTAL 12 9 19 80 120
Assessment Face to Face SL TLT
Total Notional Hours 40 80 120
Credit Hours 3
19. References:
Beams, Floyd A; Anthony, Joseph H; Bettinghaus, Bruce; Smith, Kenneth; Advanced Accounting – 13 th
Edition, Pearson Prentice hall, 2018.

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International Financial Reporting Standard’s (latest pronouncement). London: IASB.
Pernyataan Standar Akuntansi Keuangan (Per 1 Januari 2018). Jakarta: IAI.

Additional Readings:
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