《高级财务会计FA4》课程教学大纲

1、McGraw-Hill/Irwin The McGraw-Hill Companies, Inc., 20158- Solutions Manual高级财务会计FA4课程教学大纲课程代码：INAC3009课程性质：专业必修课程授课对象：国际会计专业开课学期：春总 学时：54学时 学 分：3学分讲课学时：54学时 实验学时：0学时 实践学时：0学时指定教材：Hoyle Schaefer Doupnik，advanced accounting，Mcgraw-hill international 出版社，2015年参考书目 HYPERLINK /?key2=%C1%F5%D3%C0%D4%F3&me

2、dium=01&category_path=01.00.00.00.00.00 t _blank 刘永泽、 HYPERLINK /?key2=%B8%B5%C8%D9&medium=01&category_path=01.00.00.00.00.00 t _blank 傅荣，高级财务会计（第5版），东北财经大学； HYPERLINK /?key2=%B4%A2%D2%BB%EA%C0&medium=01&category_path=01.00.00.00.00.00 o 储一昀 储一昀，高级财务会计，中国人民大学； HYPERLINK /?key2=%B1%B4%BF%CB&medium=01

3、&category_path=01.00.00.00.00.00 o 贝克、莱姆基 等 贝克、 HYPERLINK /?key2=%C0%B3%C4%B7%BB%F9&medium=01&category_path=01.00.00.00.00.00 o 贝克、莱姆基 等 莱姆基，高级财务会计（第7版），人民邮电出版社； HYPERLINK /?key2=%B1%C8%C4%B7%CB%B9&medium=01&category_path=01.00.00.00.00.00 o （美）比姆斯等著，储一昀译 比姆斯，高级会计学（第10版），中国人民大学出版社； HYPERLINK /?key2=

4、%C1%F5%D2%D7%CB%B9&medium=01&category_path=01.00.00.00.00.00 o 刘易斯，彭迪尔著，钱爱民译 刘易斯， HYPERLINK /?key2=%C5%ED%B5%CF%B6%FB&medium=01&category_path=01.00.00.00.00.00 o 刘易斯，彭迪尔著，钱爱民译 彭迪尔，高级财务会计（第七版），中国人民大学出版社。教学目的： 高级财务会计是在财务会计的基础上，为进一步提高学生会计理论水平和应用能力而设置的一门专业课，是财务管理专业本科生的专业教育拓展课程之一。它主要解决传统财务会计理论和方法领域中不涉及或未

5、广泛深入涉及的“高、深、难、特”四大问题。通过组织该课程的教学，使学生在了解高级财务会计的基本理论和构成内容的基础上，掌握各种特殊会计业务的特点、处理原则，运用特殊的方法程序处理企业复杂及特殊业务，进一步培养学生解决会计专门课题的能力。第一章 （五号黑体） 课时：周，共课时（五号宋体）教学内容第一节 （五号黑体） 一、（五号宋体） 教学要点若干字 二、 教学要点若干字 三、 教学要点若干字 （其余各节类推）第一章 The equity method of accounting for investments课时：2周，共6课时教学内容Three methods are principally

6、used to account for an investment in equity securities along with a fair value option. Fair value method: applied by an investor when only a small percentage of a companys voting stock is held.Consolidation: when one firm controls another (e.g., when a parent has a majority interest in the voting st

7、ock of a subsidiary or control through variable interests, their financial statements are consolidated and reported for the combined entity. Equity method: applied when the investor has the ability to exercise significant influence over operating and financial policies of the investee.Accounting for

8、 an investment: the equity methodThe investment account is adjusted by the investor to reflect all changes in the equity of the investee company.Income is accrued by the investor as soon as it is earned by the investee.Dividends declared by the investee create a reduction in the carrying amount of t

9、he Investment account. The text assumes all investee dividends are declared and paid in the same reporting period.Special accounting procedures used in the application of the equity methodReporting a change to the equity method when the ability to significantly influence an investee is achieved thro

10、ugh a series of acquisitions.Investee income from other than continuing operationsInvestee lossesReporting the sale of an equity investmentExcess investment cost over book value acquiredThe price an investor pays for equity securities often differs significantly from the investees underlying book va

11、lue primarily because the historical cost based accounting model does not keep track of changes in a firms fair value.Payments made in excess of underlying book value can sometimes be identified with specific investee accounts such as inventory or equipment.An extra acquisition price can also be ass

12、igned to anticipated benefits that are expected to be derived from the investment. In accounting, these amounts are presumed to reflect an intangible asset referred to as goodwill. Goodwill is calculated as any excess payment that is not attributable to specific assets and liabilities of the investe

13、e. Because goodwill is an indefinite-lived asset, it is not amortized.Deferral of unrealized gross profit in inventoryProfits derived from intra-entity transactions are not considered completely earned until the transferred goods are either consumed or resold to unrelated parties.Downstream sales of

14、 inventoryUpstream sales of inventory思考题：Did the Cost Method Invite Manipulation?Ddoes the Equity Method Really Apply Here?第二章 Consolidation of Financial Information课时：2周，共6课时教学内容Business combinations and the consolidation processA business combination is the formation of a single economic entity, a

15、n event that occurs whenever one company gains control over anotherBusiness combinations can be created in several different waysFinancial information from the members of a business combination must be consolidated into a single set of financial statements representing the entire economic entity.The

16、 Acquisition Method一、The acquisition method replaced the purchase method. For combinations resulting in complete ownership, it is distinguished by four characteristics.All assets acquired and liabilities assumed in the combination are recognized and measured at their individual fair values (with few

17、 exceptions).The fair value of the consideration transferred provides a starting point for valuing and recording a business combination.Any excess of the fair value of the consideration transferred over the net amount assigned to the individual assets acquired and liabilities assumed is recognized b

18、y the acquirer as goodwill.Any excess of the net amount assigned to the individual assets acquired and liabilities assumed over the fair value of the consideration transferred is recognized by the acquirer as a “gain on bargain purchase.”二、 In-process research and development acquired in a business

19、combination is recognized as an asset at its acquisition-date fair value.Convergence between U.S. GAAP and IAS IFRS 3 nearly identical to U.S. GAAP because of joint effortsIFRS 10 Consolidated Finanical Statements and IFRS 12 Disclosure of Interests in Other Entities both become effective in 2013. S

20、ome differences between these and GAAP思考题：1. What is business combination?2. How should a parent consolidate its subsidiarys revenues and expenses?第三章 ConsolidationsSubsequent to the Date of acquisition 课时：2周，共6课时教学内容Several factors serve to complicate the consolidation process when it occurs subseq

21、uent to the date of acquisition. In all combinations within its own internal records the acquiring company will utilize a specific method to account for the investment in the acquired company.Three alternatives are availableDepending upon the method applied, the acquiring company will record earning

22、s from its ownership of the acquired company. This total must be eliminated on the consolidation worksheet and be replaced by the subsidiarys revenues and expenses.Under each of these three methods, the balance in the Investment account will also vary. It too must be removed in producing consolidate

23、d statements and be replaced by the subsidiarys assets and liabilities.II.For combinations subsequent to the acquisition date, certain procedures are required. If the parent applies the equity method, the following process is appropriate.Assuming that the acquisition was made during the current fisc

24、al periodThe parent adjusts its own Investment account to reflect the subsidiarys income and dividend declarations as well as any amortization expense relating to excess acquisition-date fair value over book value allocations and goodwill.Worksheet entries are then used to establish consolidated fig

25、ures for reporting purposes.Assuming that the acquisition was made during a previous fiscal periodMost of the consolidation entries described above remain applicable regardless of the time that has elapsed since the combination was formed.The amount of the subsidiarys stockholders equity to be remov

26、ed in Entry S will differ each period to reflect the balance as of the beginning of the current yearThe allocations established by entry A will also change in each subsequent consolidation. Only the unamortized balances remaining as of the beginning of the current period are recognized in this entry

27、.For a combination where the parent has applied an accounting method other than the equity method, the consolidation procedures described above must be modified.A.If the initial value method is applied by the parent company, the intra-entity dividends eliminated in Entry I will only consist of the d

28、ividends transferred from the subsidiary. No separate Entry D is needed.B.If the partial equity method is in use, the intra-entity income to be removed in Entry I is the equity accrual only; no amortization expense is included. Intra-entity dividends are eliminated through Entry D.C.In any time peri

29、od after the year of acquisition.Bargain purchasesA.As discussed in Chapter Two, bargain purchases occur when the parent company transfers consideration less than net fair values of the subsidiarys assets acquired and liabilities assumed.B.The parent recognizes an excess of net asset fair value over

30、 the consideration transferred as a “gain on bargain purchase.”Goodwill ImpairmentWhen is goodwill impaired?How is goodwill tested for impairment?How is the impairment recognized in financial statements?Contingent considerationThe fair value of any contingent consideration is included as part of the

31、 consideration transferred. If the contingency results in a liability (typically a cash payment), changes in the fair value of the contingency are recognized in income as they occur.If the contingency calls for an additional equity issue at a later date, the acquisition-date fair value of the contin

32、gency is not adjusted over time. Any subsequent shares issued as a consequence of the contingency are simply recorded at the original acquisition-date fair value. This treatment is similar to other equity issues (e.g., common stock, preferred stock, etc.) in the parents owners equity section.思考题：1.

33、How Does a Company Really Decide which Investment Method to Apply?2. When should a parent consider recognizing an impairment loss for goodwill associated with a subsidiary? 第三章 Consolidated Financial Statements and Outside Ownership课时：2周，共6课时教学内容第一节 Outside ownership may be present within any busine

34、ss combination.Complete ownership of a subsidiary is not a prerequisite for consolidationonly enough voting shares need be owned so that the acquiring company has the ability to control the decisionmaking process of the acquired company.Any ownership interest in a subsidiary company by a party unrel

35、ated to the acquiring company is termed a noncontrolling interest.第二节 Valuation of subsidiary assets and liabilities poses a challenge when a noncontrolling interest is present. The accounting emphasis is placed on the entire entity that results from the business combination when control has been ob

36、tained. The parent company that controls its subsidiary must consolidate 100% of subsidiary assets, liabilities, revenues, and expense are consolidated even when its ownership is less than 100%.The consolidated valuation basis for a newly acquired subsidiary is the acquisition-date fair value of the

37、 company (most frequently determined by the consideration transferred and the fair value of the noncontrolling interest); specific subsidiary assets and liabilities are measured at their acquisition-date fair values.The noncontrolling interest balance is reported in the parents consolidated financia

38、l statements as a component of stockholders equity.第三节 Consolidations involving a noncontrolling interestsubsequent to the date of acquisitionFour noncontrolling interest figures are determined for reporting purposesNoncontrolling interest balances are accumulated in a separate column in the consoli

39、dation worksheet第四节 Step acquisitionsAn acquiring company may make several different purchases of a subsidiarys stock in order to gain controlUpon attaining control, all of the parents previous investments in the subsidiary are adjusted to fair value and a gain or loss recognized as appropriateUpon

40、attaining control, the valuation basis for the subsidiary is established at its total fair value (the sum of the fair values of the controlling and noncontrolling interests)Post-control subsidiary stock acquisitions by the parent are considered transactions with current owners of the consolidated en

41、tity. Thus such post-control stock acquisitions neither result in gains or losses nor provide a basis for subsidiary asset remeasurement to fair value. The difference between the sale proceeds and the carrying value of the shares sold (equity method) is recorded as an adjustment to the parents addit

42、ional paid in capital.第五节 Sales of subsidiary stockThe proper book value must be established within the parents Investment account so that the sales transaction can be correctly recordedThe investment balance is adjusted as if the equity method had been applied during the entire period of ownershipI

43、f only a portion of the shares are being sold, the book value of the investment account is reduced using either a FIFO or a weightedaverage cost flow assumptionIf the parent maintains control, any difference between the proceeds of the sale and the equity-adjusted book value of the share sold is rec

44、ognized as an adjustment to additional paid-in capital.If the parent loses control with the sale of the subsidiary shares, the difference between the proceeds of the sale and the equity-adjusted book value of the share sold is recognized as a gain or loss.Any interest retained by the parent company

45、should be accounted for by either consolidation, the equity method, or the fair value method depending on the influence remaining after the sale.思考题：1. Do you think the FASB made the correct decision in requiring consolidated financial statements to recognize all subsidiarys assets and liabilities a

46、t fair value regardless of the percentage ownership acquired by the parent?2. DOES GAAP UNDERVALUE POST-CONTROL STOCK ACQUISITIONS?第四章 Consolidated Financial Statements and Outside Ownership 课时：2周，共6课时教学内容第一节Outside ownership may be present within any business combination.一、Complete ownership of a s

47、ubsidiary is not a prerequisite for consolidationonly enough voting shares need be owned so that the acquiring company has the ability to control the decisionmaking process of the acquired company.二、Any ownership interest in a subsidiary company by a party unrelated to the acquiring company is terme

48、d a noncontrolling interest.第二节Valuation of subsidiary assets and liabilities poses a challenge when a noncontrolling interest is present. The accounting emphasis is placed on the entire entity that results from the business combination when control has been obtained. The parent company that control

49、s its subsidiary must consolidate 100% of subsidiary assets, liabilities, revenues, and expense are consolidated even when its ownership is less than 100%.The consolidated valuation basis for a newly acquired subsidiary is the acquisition-date fair value of the company (most frequently determined by

50、 the consideration transferred and the fair value of the noncontrolling interest); specific subsidiary assets and liabilities are measured at their acquisition-date fair values.The noncontrolling interest balance is reported in the parents consolidated financial statements as a component of stockhol

51、ders equity.第三节Consolidations involving a noncontrolling interestsubsequent to the date of acquisition一、Four noncontrolling interest figures are determined for reporting purposes二、Noncontrolling interest balances are accumulated in a separate column in the consolidation worksheet思考题：Do you think the

52、 FASB made the correct decision in requiring consolidated financial statements to recognize all subsidiarys assets and liabilities at fair value regardless of the percentage ownership acquired by the parent?DOES GAAP UNDERVALUE POST-CONTROL STOCK ACQUISITIONS?第五章 Consolidated Financial Statements In

53、tra-entity Asset Transactions课时：2周，共6课时教学内容The transfer of assets between the companies forming a business combination is a common practice. The opportunity for such direct acquisition (especially of inventory) is often the underlying motive for the creation of the combination.Intra-entity inventory

54、 transfersThe individual accounting systems of the two companies will record the transfer as a sale by one party and as a purchase by the otherBecause the transaction was not made with an outside, unrelated party, the sales and purchases balances created by the transfer are eliminated in consolidati

55、on (Entry Tl)Any transferred inventory retained at the end of the year is recorded at its transfer price which in (many cases) will include an unrealized gross profit （一）For consolidation purposes, this intra-entity gross profit must be deferred by eliminating the amount from the inventory account o

56、n the balance sheet and from the ending inventory figure within cost of goods sold (Entry G).（二）Because transfer effects carry over to the subsequent fiscal period, the unrealized gross profit must also be removed a second time: from the beginning inventory component of cost of goods sold and from t

57、he beginning retained earnings balance (Entry *G).a.The retained earnings figure being adjusted is that of the original seller.b.If the equity method has been applied and the transfer was made downstream (by the parent), the beginning retained earnings account will be correct; therefore, in this one

58、 case, the adjustment is to the Investment in Subsidiary account.（三）The consolidation process is designed to shift the profit from the period of transfer into the time period in which the goods are actually sold to unrelated parties or consumedEffect of deferral process on the valuation of a noncont

59、rolling interest（一）Official accounting pronouncements permit but do not require deferral of unrealized profits on the valuation of noncontrolling interest balances（二）This textbook adjusts the noncontrolling interest balances but only if the sale was made upstream from subsidiary to parent. Downstrea

60、m sales are made by the parent and, thus, are viewed as having no effect on the outside interest.Intra-entity land transfers一 Any gain created by intra-entity land transfers is unrealized and will remain so until the land is sold to an outside party二 For each subsequent consolidation, the recorded v